On the consistency of the commodity-based technology in make-use model of production - Archive ouverte HAL
Rapport (Rapport De Recherche) Année : 2001

On the consistency of the commodity-based technology in make-use model of production

Résumé

In the Stone make-use model, the industry-based technology is consistent because his solution can be explained in variational terms inside a circuit. However, the alternative model, the commodity-based technology, is not economically realistic: it never corresponds to a circuit, even if an exact solution can be found when the number of commodities is equal to the number of industries. This model hesitates between a supply-driven and a demand-driven model but when it is converted into a true supply-driven one, it retrieves a consistency.
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Dates et versions

hal-01526976 , version 1 (23-05-2017)

Identifiants

  • HAL Id : hal-01526976 , version 1

Citer

Louis de Mesnard. On the consistency of the commodity-based technology in make-use model of production. [Research Report] Laboratoire d'analyse et de techniques économiques(LATEC). 2001, 8 p. ⟨hal-01526976⟩
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