Asymptotic properties of a Leontief economy (Q584050): Difference between revisions

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.