A "generic", (general) Factor Price Equalisation Theorem
We consider a constant returns to scale production sector, where goods are partitioned into factors and reproducible goods. We examine the geometry of the efficient frontier of the global production set and derive non substitution like theorems. Considering the supporting prices of the efficient frontier, we show that if the number of goods is at least twice larger than the number of factors, then, generically, the prices of goods univoquely determine the prices of factors. [Revised December 2006 as PSE working paper 2006-50: The geometry of global production and factor price equalisation] .
|Date of creation:||2003|
|Contact details of provider:|| Postal: 48 boulevard Jourdan - 75014 Paris|
Phone: 01 43 13 63 00
Fax: 01 43 13 63 10
Web page: http://www.delta.ens.fr/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:del:abcdef:2003-02. See general 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: ()
If references are entirely missing, you can add them using this form.