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A Complete Characterization of Economies with the Nonsubstitution Property

Author

Listed:
  • T Fujimoto
  • C Herrero
  • R R Ranade
  • J A Silva
  • A Villar

Abstract

A complete characterization of economies with the nonsubstitution property is presented for linear models. In this characterization, a degree of proper joint production as well as the existence of durable capital goods is allowed for.

Suggested Citation

  • T Fujimoto & C Herrero & R R Ranade & J A Silva & A Villar, 2003. "A Complete Characterization of Economies with the Nonsubstitution Property," Economic Issues Journal Articles, Economic Issues, vol. 8(2), pages 63-70, September.
  • Handle: RePEc:eis:articl:203fujimoto
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    File URL: http://www.economicissues.org.uk/Files/2003/203dACompleteCharacterizationofEconomieswiththeNonsusbstituitionProperty.pdf
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    Cited by:

    1. Takao Fujimoto & José A. Silva & Antonio Villar, 2005. "A Non‐Substitution Theorem With Non‐Constant Returns To Scale And Externalities," Metroeconomica, Wiley Blackwell, vol. 56(1), pages 25-36, February.

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