Factor-supply responses and the gross-substitute system (Q2265936)
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scientific article; zbMATH DE number 3892887
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| English | Factor-supply responses and the gross-substitute system |
scientific article; zbMATH DE number 3892887 |
Statements
Factor-supply responses and the gross-substitute system (English)
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1985
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Although the inputs are not normally gross-substitutes in their demand, the Jacobian matrix of all excess demand functions, corresponding to both outputs and inputs, may satisfy the gross-substitute requirements if, apart from the final goods being cross-substitutes in their demand, all inputs are substitutes in supply.
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Metzler-Mosak matrix
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net input transformation curve
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Jacobian matrix
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excess demand functions
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gross-substitute requirements
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0.7534353733062744
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0.7388850450515747
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0.7122713327407837
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0.7122605443000793
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0.7093359231948853
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