Corrigendum to "Class and Exploitation in General Convex Cone Economies" [Journal of Economic Behavior and Organization, 75 (2010) 281-296]
AbstractIn this paper, we correct a flaw in Proposition 1 of Yoshihara (2010). The original proof of Proposition 1 is correct only with the existence of reproducible solutions with zero profit rate. In contrast, this note provides an alternative characterization of the domain of economies under which the existence of reproducible solutions with possibly non-zero maximal profit rates is shown.
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Bibliographic InfoPaper provided by Institute of Economic Research, Hitotsubashi University in its series Discussion Paper Series with number 560.
Length: 6 p.
Date of creation: Feb 2012
Date of revision:
convex cone economies; reproducible solutions;
Find related papers by JEL classification:
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- D46 - Microeconomics - - Market Structure and Pricing - - - Value Theory
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-02-27 (All new papers)
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