Equilibrium, trade, and capital accumulation

Authors
Citation
L. Mckenzie, Equilibrium, trade, and capital accumulation, JPN ECON R, 50(4), 1999, pp. 371-397
Citations number
79
Categorie Soggetti
Economics
Journal title
JAPANESE ECONOMIC REVIEW
ISSN journal
13524739 → ACNP
Volume
50
Issue
4
Year of publication
1999
Pages
371 - 397
Database
ISI
SICI code
1352-4739(199912)50:4<371:ETACA>2.0.ZU;2-A
Abstract
The paper summarizes the author's principal contributions to economic theor y: (1) one of the first rigorous proofs of the existence of competitive equ ilibrium; (2) existence of competitive equilibrium with weakened assumption s; (3) the minimum income approach to demand theory; (4) tatonnement stabil ity with weak gross substitutes; (5) a general theory of comparative advant age; (6) factor price equalization with attention to factor supplies; and ( 7) turnpike theory allowing for von Neumann facets and neighbourhood conver gence. JEL Classification Number: B10.