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):

Report Date:

1975-09-01

Pagination or Media Count:

19.0

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.

Subject Categories:

  • Economics and Cost Analysis
  • Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE