A Complete Characterization of Economies with the Nonsubstitution Property
Carmen Herrero (),
R R Ranade,
Jose Silva and
Antonio Villar ()
Economic Issues Journal Articles, 2003, vol. 8, issue 2, 63-70
A complete characterization of economies with the nonsubstitution property is presented for linear models. In this characterization, a degree of proper joint production as well as the existence of durable capital goods is allowed for.
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