Factor-Supply Responses And The Gross-Substitute System
Abstract(Originally published in Mathematical Social Sciences 9 (1985), 183-187) - 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 gross-substitutes in their demand, all inputs are substitutes in supply.
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Bibliographic InfoArticle provided by Rimini Centre for Economic Analysis in its journal Review of Economic Analysis.
Volume (Year): 4 (2012)
Issue (Month): 1 (June)
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Gross-substitute system; Metzler-Mosak matrix; net input transformation curve.;
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