Summary:
I have a working paper. Abstract: This article extends to unequal rates of profits a derivation of prices of production from a linear program. A partition of the price-wage space is illustrated in an example with two produced commodities. The variation in the solution of the LP with perturbations of relative markups is illustrated. This analysis provides an intuitive explanation of how the reswitching of techniques and of how capital reversing can emerge in non-competitive markets.
Topics:
Robert Vienneau considers the following as important: Example in Mathematical Economics, Full Cost Prices, Sraffa Effects
This could be interesting, too:
I have a working paper. Abstract: This article extends to unequal rates of profits a derivation of prices of production from a linear program. A partition of the price-wage space is illustrated in an example with two produced commodities. The variation in the solution of the LP with perturbations of relative markups is illustrated. This analysis provides an intuitive explanation of how the reswitching of techniques and of how capital reversing can emerge in non-competitive markets.
Topics:
Robert Vienneau considers the following as important: Example in Mathematical Economics, Full Cost Prices, Sraffa Effects
This could be interesting, too:
Robert Vienneau writes A Perverse Switch Point For Neoclassical Economics, Non-Perverse For Austrians
Robert Vienneau writes The Fundamental Sraffian Theorem
Robert Vienneau writes Perverse Switch Point For Austrian Economics
Robert Vienneau writes Traditional And ‘Perverse’ Switch Points For Austrian And Neoclassical Economics
I have a working paper.
Abstract: This article extends to unequal rates of profits a derivation of prices of production from a linear program. A partition of the price-wage space is illustrated in an example with two produced commodities. The variation in the solution of the LP with perturbations of relative markups is illustrated. This analysis provides an intuitive explanation of how the reswitching of techniques and of how capital reversing can emerge in non-competitive markets.