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A Complete Characterization of Economies with the Nonsubstitution Property

T Fujimoto, Carmen Herrero (), R R Ranade, Jose Silva and Antonio Villar ()

Economic Issues Journal Articles, 2003, vol. 8, issue 2, 63-70

Abstract: 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.

Date: 2003
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