An Algorithmic Theory of the Choice of Techniques
构建了联合生产中给定利润率下的技术选择理论,考虑市场算法,通过抽象技术概念扩展部分结果,得到均衡技术的存在性、唯一性和收敛性,并回应了古典与新古典经济学家的争论。
The author builds a theory of the choice of techniques in joint production, at a given profit rate, considering a market algorithm. Partial results are extended by means of an abstract notion of technology, where techniques meet demand and satisfy local properties. Global results on the existence, uniqueness, and convergence towards an equilibrium technique are obtained. The author, thus, characterizes cases where a square technique is reached, which provides an answer to an old debate, initiated by W. S. Jevons, between classical and neoclassical economists. But the framework allows for a more general interpretation in terms of two-level planning procedures. Copyright 1990 by The Econometric Society.