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On the uniqueness of square cost-minimizing techniques

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  • ERREYGERS, Guido

Abstract

The framework adopted in the paper is that of the Sraffian theory of the choice of techniques. Under the assumption that demand is price-independent, the uniqueness of cost-minimizing techniques is analyzed in terms of relations between square neighboring techniques. It is shown that, for certain types of economies, uniqueness is guaranteed if and only if all cost-minimizing techniques have the same 'color.' The color of a technique depends upon the rates of profits and growth, and the characteristics of the processes that constitute a technique. The result is extended to economies using natural resources. Copyright 1995 by Blackwell Publishers Ltd and The Victoria University of Manchester
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Suggested Citation

  • ERREYGERS, Guido, 1992. "On the uniqueness of square cost-minimizing techniques," SESO Working Papers 1992009, University of Antwerp, Faculty of Business and Economics.
    • Handle: RePEc:ant:sesowp:1992009
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    Cited by:

    1. Christian Bidard, 2014. "The Wage Curve in Austrian Models," EconomiX Working Papers 2014-54, University of Paris Nanterre, EconomiX.
    2. Christian Bidard, 2012. "Ricardo And Lemke," EconomiX Working Papers 2012-48, University of Paris Nanterre, EconomiX.
    3. Christian Bidard, 2011. "The Ricardian Dynamics Revisited," Working Papers hal-04140981, HAL.
    4. Christian Bidard, 2012. "Ricardo And Lemke," Working Papers hal-04141029, HAL.
    5. Christian Bidard, 2014. "The Ricardian rent theory two centuries after," EconomiX Working Papers 2014-54, University of Paris Nanterre, EconomiX.
    6. Bidard, Christian, 2014. "The Ricardian rent theory: an overview," Centro Sraffa Working Papers CSWP8, Centro di Ricerche e Documentazione "Piero Sraffa".
    7. Christian Bidard, 2015. "An oddity property for cross-dual games," EconomiX Working Papers 2015-4, University of Paris Nanterre, EconomiX.
    8. Christian Bidard, 2008. "The Dynamics of Intensive Cultivation," Working Papers hal-04140734, HAL.

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