Price systems computable from input-output coefficients
AbstractInput-Output models of various types of prices. Prices are derived as characteristic vectors of certain kinds of matrices and price parameters as their characteristic roots. The most general are the three-channel prices that are characteristic vectors of the linear combination of matrices of the full material input coefficients, full capital-output coefficients and full workers consumption coefficients. From the general three-channel prices two types of two-channel prices are derived. The special 'extreme' cases or the 'singe-channel' prices are the labor- value prices that are proportional to full labor costs, the N-income prices that are proportional to full material costs and the F-income prices that are proportional to full capital-output ratios. The special intermediate cases are the cost-prices and the production-prices. It is shown that all these types of prices make some linear combinations of certain macroeconomic indicators invariant to changes in output vectors. The results of experimental calculations of some of these types of prices from the Czechoslovak data are presented. The price model was also used for the Czechoslovak price reform of 1960's, when 25 thousands of price indices were calculated by iterative solution of the simultaneous equations.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by EconWPA in its series Microeconomics with number 0509010.
Date of creation: 30 Sep 2005
Date of revision:
Note: Type of Document - html
Contact details of provider:
Web page: http://220.127.116.11
Input-output; price models; labor value prices; Czechoslovakia; price computations; price planning; three-channel prices; two-channel prices.;
Find related papers by JEL classification:
- D1 - Microeconomics - - Household Behavior
- D2 - Microeconomics - - Production and Organizations
- D3 - Microeconomics - - Distribution
- D4 - Microeconomics - - Market Structure and Pricing
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-10-08 (All new papers)
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA).
If references are entirely missing, you can add them using this form.