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Production Prices and Dynamic Stability: Results and Open Questions

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  • Boggio, Luciano

Abstract

The mathematical models dealing with the dynamic stability of production prices are of two types: models of cross-dual dynamics and models of full cost. This paper examines both types of models, but the main effort is devoted to discussing the former. An analytical framework is built, within which most cross-dual models can be studied in a unified way. The severe shortcomings of the usual differential equations versions are emphasized and new light is shed on the role of different assumptions about the consumption function. Possibilities of further progress in this relatively new field of studies are also discussed. Copyright 1992 by Blackwell Publishers Ltd and The Victoria University of Manchester

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Bibliographic Info

Article provided by University of Manchester in its journal The Manchester School of Economic & Social Studies.

Volume (Year): 60 (1992)
Issue (Month): 3 (September)
Pages: 264-94

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Handle: RePEc:bla:manch2:v:60:y:1992:i:3:p:264-94

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Cited by:
  1. Marc Lavoie, 2003. "Kaleckian Effective Demand and Sraffian Normal Prices: Towards a reconciliation," Review of Political Economy, Taylor & Francis Journals, vol. 15(1), pages 53-74.
  2. Borissov, Kirill, 2004. "An intertemporal general equilibrium model with given real wage rates," Structural Change and Economic Dynamics, Elsevier, vol. 15(2), pages 207-233, June.
  3. Ajit Sinha, 2010. "On the Notion of Equilibrium or the Centre of Gravitation in Economic Theory," Microeconomics Working Papers 23025, East Asian Bureau of Economic Research.

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