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

See all articles by Alberto Benítez Sánchez

Alberto Benítez Sánchez

Universidad Autónoma Metropolitana - Unidad Iztapalapa (UAMI)

Date Written: August 31, 2015

Abstract

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

Benítez Sánchez, Alberto, An Extension of the Hawkins and Simon Condition Characterizing Viable Techniques (August 31, 2015). Economics Research International, Volume 2015, Article ID 181284. Available at SSRN: https://ssrn.com/abstract=2653932

Alberto Benítez Sánchez (Contact Author)

Universidad Autónoma Metropolitana - Unidad Iztapalapa (UAMI) ( email )

Av San Rafael Atlixco No. 186
Col. Vicentina
Del. Iztapalapa, 09340
Mexico

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