Factor-Supply Responses and the Gross-Substitute System

Authors

  • Tapan Biswas

DOI:

https://doi.org/10.15353/rea.v4i1.1541

Abstract

Although the inputs are not normally gross-substitutes in their demand, the Jacobian matrix
of all excess demand functions, corresponding to both outputs and inputs, may satisfy the gross substitute requirements if, apart from the final goods being gross-substitutes in their demand, all
inputs are substitutes in supply.

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Published

2012-05-22

Issue

Vol. 4 No. 1 (2012)

Section

Articles

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