An Extension of the Hawkins and Simon Condition Characterizing Viable Techniques
Economics Research International, Volume 2015, Article ID 181284
7 Pages Posted: 2 Sep 2015
Date Written: August 31, 2015
This paper discusses an extended version of the Hawkins and Simon condition which constitutes a synthetic formulation of the mathematical properties that viable economies must satisfy in single production models. The new version is implicit in the economic interpretations offered by them of the Hawkins and Simon condition, once a correction is introduced in one of those interpretations. Moreover, the paper details the meaning of the extended version following the interpretation of the original version proposed by Dorfman, Samuelson, and Solow. It also introduces a characteristic property of indecomposable matrices that has not previously been published.
Keywords: Hawkins and Simon Condition, Indecomposable Matrices, Input-Output Models, Leontief, Sraffa
JEL Classification: B16, C30, C67, E11, P16
Suggested Citation: Suggested Citation