{"title":"Necessary and Sufficient Conditions for Constant Prices in a Sraffa’s Model","authors":"G. Giorgi","doi":"10.2478/candc-2022-0020","DOIUrl":null,"url":null,"abstract":"Abstract We give a simple and direct proof of necessary and sufficient conditions to have constant equilibrium prices in a simple Sraffa’s production model. We make some remarks on the linearity of the relation between profit rate and wage rate.","PeriodicalId":55209,"journal":{"name":"Control and Cybernetics","volume":"51 1","pages":"327 - 341"},"PeriodicalIF":0.0000,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Control and Cybernetics","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2478/candc-2022-0020","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"Engineering","Score":null,"Total":0}
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Abstract
Abstract We give a simple and direct proof of necessary and sufficient conditions to have constant equilibrium prices in a simple Sraffa’s production model. We make some remarks on the linearity of the relation between profit rate and wage rate.
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optimal cotrol,
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