tag:blogger.com,1999:blog-26706564.post5714650258406054456..comments2017-07-04T12:40:23.947-04:00Comments on Thoughts On Economics: Bifurcation Analysis in a Model of OligopolyRobert Vienneauhttp://www.blogger.com/profile/14748118392842775431noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-26706564.post-70605272137098162482017-06-28T15:38:09.709-04:002017-06-28T15:38:09.709-04:00I've been thinking about the straight lines as...I've been thinking about the straight lines as a ratio. There is a ratio formed by the elements of the eigenvectors related to the maximum eigenvalue. The elements of the Standard Commodity. For each technique we have a unique eigenvector whose elements we can take as the ratio. Each ratio from each technique gives a frontier for the rates of profits.<br /><br />PS: I am also an independent socialdemokrat.Sturainoreply@blogger.comtag:blogger.com,1999:blog-26706564.post-78207833093818537152017-06-27T06:14:38.206-04:002017-06-27T06:14:38.206-04:00Thanks for the comments. I have fixed the post as ...Thanks for the comments. I have fixed the post as you suggest.Robert Vienneauhttp://www.blogger.com/profile/00872510108133281526noreply@blogger.comtag:blogger.com,1999:blog-26706564.post-90064647125019623702017-06-26T15:02:36.228-04:002017-06-26T15:02:36.228-04:00I think there is an error in the post.
Where it s...I think there is an error in the post.<br /><br />Where it says:<br />"Hence, nine parameters specify the technology, and there is a choice between two techniques. In the model:<br /><br /> The rate of profits in the iron industry is rs1.<br /> The rate of profits in the iron industry is rs2.<br /><br />I call r the scale factor for the rates of profits. s1 is the markup for the rate rate of profits in the iron industry. And s2 is the markup for the rate of profits in the corn industry. So, with the two markups for the rates of profits, 11 parameters specify the model. "<br /><br />Should say<br /><br />"The rate of profits in the iron industry is rs1.<br /> The rate of profits in the corn industry is rs2.<br />"<br /><br /><br />Sturainoreply@blogger.comtag:blogger.com,1999:blog-26706564.post-88107769033631558832017-06-25T16:26:34.332-04:002017-06-25T16:26:34.332-04:00A wonderfull post and series. It makes me think ab...A wonderfull post and series. It makes me think about considering the markups as endongenoeus multipliers taken from Standard System.Sturainoreply@blogger.com