Asymptotic properties of a Leontief economy (Q584050): Difference between revisions
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The asymptotic properties of equilibrium quantities of a Leontief economy when agents have additional separable utilities are discussed in this paper. The rate of growth of equilibrium quantities and prices that either tend to zero or infinity or remain bounded from below and above by strictly positive vectors are estimated. In the case of homogeneous preferences it is proved that the quantities of any equilibrium converge to those of an equilibrium that grows at a constant rate. | |||
Property / review text: The asymptotic properties of equilibrium quantities of a Leontief economy when agents have additional separable utilities are discussed in this paper. The rate of growth of equilibrium quantities and prices that either tend to zero or infinity or remain bounded from below and above by strictly positive vectors are estimated. In the case of homogeneous preferences it is proved that the quantities of any equilibrium converge to those of an equilibrium that grows at a constant rate. / rank | |||
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Property / Mathematics Subject Classification ID | |||
Property / Mathematics Subject Classification ID: 91B62 / rank | |||
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Property / Mathematics Subject Classification ID | |||
Property / Mathematics Subject Classification ID: 91B66 / rank | |||
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Property / zbMATH DE Number | |||
Property / zbMATH DE Number: 4133784 / rank | |||
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Property / zbMATH Keywords | |||
asymptotic properties | |||
Property / zbMATH Keywords: asymptotic properties / rank | |||
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Property / zbMATH Keywords | |||
Leontief economy | |||
Property / zbMATH Keywords: Leontief economy / rank | |||
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rate of growth | |||
Property / zbMATH Keywords: rate of growth / rank | |||
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Property / MaRDI profile type | |||
Property / MaRDI profile type: MaRDI publication profile / rank | |||
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Property / OpenAlex ID | |||
Property / OpenAlex ID: W2004127019 / rank | |||
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Property / cites work | |||
Property / cites work: Q3815097 / rank | |||
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Latest revision as of 13:10, 20 June 2024
scientific article
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English | Asymptotic properties of a Leontief economy |
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Asymptotic properties of a Leontief economy (English)
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1989
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The asymptotic properties of equilibrium quantities of a Leontief economy when agents have additional separable utilities are discussed in this paper. The rate of growth of equilibrium quantities and prices that either tend to zero or infinity or remain bounded from below and above by strictly positive vectors are estimated. In the case of homogeneous preferences it is proved that the quantities of any equilibrium converge to those of an equilibrium that grows at a constant rate.
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asymptotic properties
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Leontief economy
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rate of growth
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