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A monotonicity law for relative prices

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. <!--ID="" Correspondence to: U. Krause-->
Year of publication:
1997-11-09
Authors: Krause, Ulrich ; Bidard, Christian
Published in:
Economic Theory. - Springer. - Vol. 7.1995, 1, p. 51-61
Publisher: Springer
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Type of publication: Article
Notes:
Received: December 17, 1993; revised version July 28, 1994
Source:
Persistent link: https://www.econbiz.de/10005370811
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