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An Extension of the Hawkins and Simon Condition Characterizing Viable Techniques
Author(s) -
Alberto Benítez Sánchez
Publication year - 2015
Publication title -
economics research international
Language(s) - English
Resource type - Journals
eISSN - 2090-2123
pISSN - 2090-2131
DOI - 10.1155/2015/181284
Subject(s) - extension (predicate logic) , interpretation (philosophy) , indecomposable module , mathematical economics , property (philosophy) , meaning (existential) , computer science , mathematics , epistemology , philosophy , discrete mathematics , programming language
This paper discusses an extended version of the Hawkins and Simon condition which constitutes a synthetic formulation of the mathematical properties that viable economies must satisfy in single production models. The new version is implicit in the economic interpretations offered by them of the Hawkins and Simon condition, once a correction is introduced in one of those interpretations. Moreover, the paper details the meaning of the extended version following the interpretation of the original version proposed by Dorfman, Samuelson, and Solow. It also introduces a characteristic property of indecomposable matrices that has not previously been published

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