A monotonicity law for relative prices

Ulrich Krause and Christian Bidard
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Ulrich Krause: Fachbereich Mathematik, Universität Bremen, D-28334 Bremen, GERMANY

Economic Theory, 1995, vol. 7, issue 1, 61 pages

Abstract: It is shown that relative prices of production, which depend on the rate of profit in a complicated manner, satisfy nevertheless a simple monotonicity law when the Hilbert's projective metric is used as a measure.

Date: 1997-11-09
Note: Received: December 17, 1993; revised version July 28, 1994
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Journal Article: A Monotonicity Law for Relative Prices (1996)
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