NEGATIVE SURPLUS VALUE AND INFERIOR PROCESSES

Eiji Hosoda

研究成果: Article

8 引用 (Scopus)

抜粋

One of the most interesting results in value theory is that positive profits are consistent with negative surplus value. This result is obtained, using a two‐commodity linear model with joint production. Since existence of an inferior process is always implied in a two‐commodity model, the result has been supposed to be applicable to a limited type of technology. The purpose of this paper is to show that positive profits with negative surplus value do not necessarily imply the existence of such a process in higher dimensions. Although a different type of inferiority is implied, such a definition of inferiority is quite different from what is normally understood.

元の言語English
ページ(範囲)29-42
ページ数14
ジャーナルMetroeconomica
44
発行部数1
DOI
出版物ステータスPublished - 1993 2

ASJC Scopus subject areas

  • Economics and Econometrics

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