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Differential profit rates in long period analysis: The nonlinear case.
- Source :
- Metroeconomica; Nov2017, Vol. 68 Issue 4, p1019-1024, 6p
- Publication Year :
- 2017
-
Abstract
- In this note, we generalize the long-period linear model with differential profit rates due to 'idiosyncratic' factors considered by classical economists and developed in D'Agata and Mori. More specifically, we remove the assumption of linear evaluation functions and the assumption that in the economy there are as many producers as industries. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 00261386
- Volume :
- 68
- Issue :
- 4
- Database :
- Complementary Index
- Journal :
- Metroeconomica
- Publication Type :
- Academic Journal
- Accession number :
- 125995945
- Full Text :
- https://doi.org/10.1111/meca.12162