EconPapers    
Economics at your fingertips  
 

Idiosyncratic Features of Kalecki's Pricing Models

John D Carson

The Manchester School of Economic & Social Studies, 1997, vol. 65, issue 2, 213-30

Abstract: This paper shows that Michal Kalecki's pricing models have some surprising analytical properties which, for the most part, appear to have been both unintended and unrecognized by Kalecki. These include the possibility of multivalued demand levels at given prices and counterintuitive comparative statics. Most of these features are related to Kalecki's use of the (weighted) industry average price as a proxy for the prices of each firm's competitors. Copyright 1997 by Blackwell Publishers Ltd and The Victoria University of Manchester

Date: 1997
References: Add references at CitEc
Citations: Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:manch2:v:65:y:1997:i:2:p:213-30

Access Statistics for this article

More articles in The Manchester School of Economic & Social Studies from University of Manchester Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2019-02-23
Handle: RePEc:bla:manch2:v:65:y:1997:i:2:p:213-30