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A monotonicity law for relative prices

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Author Info
Ulrich Krause (Fachbereich Mathematik, Universität Bremen, D-28334 Bremen, GERMANY)
Christian Bidard (Département de Sciences Economiques, Université Paris X-Nanterre, F-92001 nanterre Cédex, FRANCE)

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Abstract

It is shown that relative prices of production, which depend on the rate of profit in a complicated manner, satisfy nevertheless a simple monotonicity law when the Hilbert's projective metric is used as a measure.

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Publisher Info
Article provided by Springer in its journal Economic Theory.

Volume (Year): 7 (1995)
Issue (Month): 1 ()
Pages: 51-61
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Handle: RePEc:spr:joecth:v:7:y:1995:i:1:p:51-61

Note: Received: December 17, 1993; revised version July 28, 1994
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