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Differential profit rates in long period analysis: The nonlinear case.

Authors :
D'Agata, Antonio
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