Authors
Citation
T. Tenraa, THE SUBSTITUTION THEOREM, Journal of economic theory, 66(2), 1995, pp. 632-636
Citations number
4
Categorie Soggetti
Economics
Journal title
ISSN journal
00220531
Volume
66
Issue
2
Year of publication
1995
Pages
632 - 636
Database
ISI
SICI code
0022-0531(1995)66:2<632:TST>2.0.ZU;2-P
Abstract
The substitution theorem states that an economy with many commodities
but only one factor input (say labor) will net substitute inputs (comm
odities or labor) when final demand changes. This Note drops the assum
ption that all activities require some labor input and constructs the
dominant technology. (C) 1995 Academic Press, Inc.