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Corrigendum to "Class and Exploitation in General Convex Cone Economies" [Journal of Economic Behavior and Organization, 75 (2010) 281-296]

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  • Yoshihara, Naoki

Abstract

In 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.

Suggested Citation

  • Yoshihara, Naoki, 2012. "Corrigendum to "Class and Exploitation in General Convex Cone Economies" [Journal of Economic Behavior and Organization, 75 (2010) 281-296]," Discussion Paper Series 560, Institute of Economic Research, Hitotsubashi University.
  • Handle: RePEc:hit:hituec:560
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    File URL: http://hermes-ir.lib.hit-u.ac.jp/rs/bitstream/10086/22176/1/DP560.pdf
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    More about this item

    Keywords

    convex cone economies; reproducible solutions;

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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