Econometrica: Sep 1980, Volume 48, Issue 6
On Proportional Malinvaud Prices
Hiroshi AtsumiThis paper provides a general proof of the existence of a proportional price with the interest rate strictly greater than the growth rate associated with any efficient proportional program in the polyhedral technology. Proofs for similar theorems are also given for the programs satisfying the regularity condition in other technologies.
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