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On the Uniqueness of Square Cost-Minimizing Techniques


  • Erreygers, Guido


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

Suggested Citation

  • Erreygers, Guido, 1995. "On the Uniqueness of Square Cost-Minimizing Techniques," The Manchester School of Economic & Social Studies, University of Manchester, vol. 63(2), pages 145-166, June.
  • Handle: RePEc:bla:manch2:v:63:y:1995:i:2:p:145-66

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    References listed on IDEAS

    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Mervyn A. King & Mark Robson, 1989. "Endogenous Growth and the role of History," NBER Working Papers 3151, National Bureau of Economic Research, Inc.
    3. Xavier Sala-i-Martin, 1990. "Lecture Notes on Economic Growth(II): Five Prototype Models of Endogenous Growth," NBER Working Papers 3564, National Bureau of Economic Research, Inc.
    4. Grier, Kevin B. & Tullock, Gordon, 1989. "An empirical analysis of cross-national economic growth, 1951-1980," Journal of Monetary Economics, Elsevier, vol. 24(2), pages 259-276, September.
    5. Russell Cooper & Andrew John, 1988. "Coordinating Coordination Failures in Keynesian Models," The Quarterly Journal of Economics, Oxford University Press, vol. 103(3), pages 441-463.
    6. Stern, Nicholas, 1991. "The Determinants of Growth," Economic Journal, Royal Economic Society, vol. 101(404), pages 122-133, January.
    7. Kormendi, Roger C. & Meguire, Philip G., 1985. "Macroeconomic determinants of growth: Cross-country evidence," Journal of Monetary Economics, Elsevier, vol. 16(2), pages 141-163, September.
    8. Olivier Jean Blanchard & Stanley Fischer, 1989. "Lectures on Macroeconomics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262022834, January.
    9. Robert Summers & Alan Heston, 1991. "The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950–1988," The Quarterly Journal of Economics, Oxford University Press, vol. 106(2), pages 327-368.
    10. Sala-I-Martin, X., 1990. "Lecture Notes On Economic Growth: Five Prototype Models Of Endogenous Growth," Papers 622, Yale - Economic Growth Center.
    11. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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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. Bidard, Christian, 2014. "The Ricardian rent theory: an overview," Centro Sraffa Working Papers CSWP8, Centro di Ricerche e Documentazione "Piero Sraffa".
    4. Christian Bidard, 2015. "An oddity property for cross-dual games," EconomiX Working Papers 2015-4, University of Paris Nanterre, EconomiX.
    5. Christian Bidard, 2014. "The Ricardian rent theory two centuries after," EconomiX Working Papers 2014-54, University of Paris Nanterre, EconomiX.

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