期刊名称:Contemporary Issues and Ideas in Social Sciences
印刷版ISSN:1817-4604
电子版ISSN:1817-4604
出版年度:2009
卷号:4
期号:3
语种:English
出版社:Soc Rsch Soc Sci & Contig Disc
摘要:The paper shows how specifying economic models enables us to obtain simpler forms of stability conditions. A general form of stability result obtained in Mukherji (2007) is applied to simple three good models with a single produced good, labour and a numeraire commodity; such models are routinely used in many contexts. In particular it is shown that restrictive assumptions need not be employed to ensure stability. Further the meaning of stability discussions and their significance and relevance are discussed.