Accession Number : ADA017961

Title :   Policy and Price Stability in the von Neumann Model of a Closed Economy.

Descriptive Note : Summary rept.,

Corporate Author : WISCONSIN UNIV MADISON MATHEMATICS RESEARCH CENTER

Personal Author(s) : Robinson,Stephen M.

Report Date : SEP 1975

Pagination or Media Count : 19

Abstract : The author shows that a necessary and sufficient condition for stability of the set of feasible technologies and growth factors, or of the set of feasible price systems and interest factors, in a von Neumann model is that there exist no equilibria in which the total output of the economy is without value.

Descriptors :   *ECONOMIC MODELS, MATHEMATICAL MODELS, MATHEMATICAL PROGRAMMING, STABILITY

Subject Categories : Economics and Cost Analysis
      Operations Research

Distribution Statement : APPROVED FOR PUBLIC RELEASE