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Risks in production and the management of labour

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  • Bax, E.H.

    (Groningen University)

Abstract

The paper considers a (static) portfolio system that satisfies adding-up contraints and the gross substitution theorem. The paper shows the relationship of the two conditions to the weak dominant diagonal property of the matrix of interest rate elasticities. This enables to investigate the impact of simultaneous changes in interest rates on the asset demands.

Suggested Citation

  • Bax, E.H., 1995. "Risks in production and the management of labour," Research Report 95A32, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    • Handle: RePEc:gro:rugsom:95a32
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    File URL: http://irs.ub.rug.nl/ppn/149776519
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    References listed on IDEAS

    as
    1. Russell L. Ackoff, 1981. "The Art and Science of Mess Management," Interfaces, INFORMS, vol. 11(1), pages 20-26, February.
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