Fiche du document
2010
- ISIDORE Id: 10670/1.ddff1e...
- hal: hal-04140904
info:eu-repo/semantics/OpenAccess
Sujets proches
Generation Procreation Pangenesis Amphimixis Commercial products--Prices Commodity prices Price theory Justum pretiumCiter ce document
Carlo Benetti et al., « Reproduction and temporary disequilibrium: a Classical approach », HAL SHS (Sciences de l’Homme et de la Société), ID : 10670/1.ddff1e...
Métriques
Partage / Export
Résumé
We build a bisector reproduction model with classical features in which the capitalists aim at maximizing accumulation of their profits. At variance with gravitation models, it is assumed that they invest their profits in their own industry. Their plans are based on actual productions and expected prices. Effective prices and effective allocations of resources are determined by a market-clearing mechanism. A simple law on the formation of expectations allows us to define the dynamics of disequilibria, which let appear endogenous self-sustained fluctuations, around a long-run path. The long-run rate of growth and the amplitude of the fluctuations depend on the initial conditions.
