Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica: Jul, 1972, Volume 40, Issue 4

A General Formulation of the Lechatelier-Samuelson Principle<711:AGFOTL>2.0.CO;2-7
p. 711-717

Werner Oettli, Wolfgang Eichhorn

In this paper a mathematical theorem by Samuelson on what he calls the "LeChatelier principle" is generalized, the generalization being closer to the original formulation of the LeChatelier principle than Samuelson's theorem itself. The results obtained are formulated in terms of systems theory and mathematical programming. Examples concerning cost minimization or profit maximization are included.

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