15 Dic 1995 Homenaje a Harberger

Abstract

The sustitutiva properties of a production frontier demand curve Essay in the honor of Arnold C. Harberger in the ocassion of his 7rt birthday. Bit is easy to show that the Hicks-Slutsky substitution properties apply to demand functions defined by movements constrained to a locus of the forra: E Ci X, - Y, a constant, so long as oree is concerned with small changes in the neighborhood of the undistorted equilibrium. However, this cannot be shown to be generally trae for large changes." HARBERGER