IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

Price systems computable from input-output coefficients

Listed author(s):
  • Bohuslav Sekerka

    (Boston University)

  • Lubos Hejl

    (Boston University)

  • Oldrich Kyn

    (Boston University)

Input-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.

If 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.

File URL:
Download Restriction: no

Paper provided by EconWPA in its series Microeconomics with number 0509010.

in new window

Date of creation: 30 Sep 2005
Handle: RePEc:wpa:wuwpmi:0509010
Note: Type of Document - html
Contact details of provider: Web page:

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpmi:0509010. 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: (EconWPA)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.