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
Distribution Statement : APPROVED FOR PUBLIC RELEASE