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A monotonicity law for relative prices

Author

Listed:
  • Ulrich Krause

    (Fachbereich Mathematik, Universität Bremen, D-28334 Bremen, GERMANY)

  • Christian Bidard

    (Département de Sciences Economiques, Université Paris X-Nanterre, F-92001 nanterre Cédex, FRANCE)

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.

Suggested Citation

  • Ulrich Krause & Christian Bidard, 1995. "A monotonicity law for relative prices," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(1), pages 51-61.
    • Handle: RePEc:spr:joecth:v:7:y:1995:i:1:p:51-61
    Note: Received: December 17, 1993; revised version July 28, 1994
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    Cited by:

    1. Torres-González, Luis Daniel, 2022. "The Characteristics of the Productive Structure Behind the Empirical Regularities in Production Prices Curves," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 622-659.
    2. Luis Daniel Torres Gonzalez, 2017. "Regularities in Prices of Production and the Concentration of Compositions of Capitals," Working Papers 1709, New School for Social Research, Department of Economics.
    3. Luis Daniel Torres-González, 2020. "The Characteristics of the Productive Structure Behind the Empirical Regularities in Production Prices Curves," Working Papers 2016, New School for Social Research, Department of Economics.

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