Baldone, Salvatore
(1983)
Durable Capital Inputs: Conditions for Price Ratios to be Invariant to Profit-Rate Changes. A Comment on Professor Samuelson.
Bologna:
Dipartimento di Scienze economiche DSE,
p. 16.
DOI 10.6092/unibo/amsacta/5311.
In: Quaderni - Working Paper DSE
(1).
ISSN 2282-6483.
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Abstract
In this note we intend to prove that the uniform capital intensity assumption is a general condition for relative prices to be invariant both in models with circulating capital only and in fixed capital models irrespective of machine-depreciation schedules.
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