W. Leontief

Market Equilibria with Hybrid Linear-Leontief Utilities

We introduce a new family of utility functions for exchange markets. This family provides a natural and ”continuous” hybridization of the traditional linear and Leontief utilities and might be useful in understanding the complexity of computing and approximating of market equilibria. We show that a Fisher equilibrium of an exchange market with m commodities and n traders and hybrid linear-Leont...

Market equilibrium under piecewise Leontief concave utilities

Leontief function is one of the most widely used function in economic modeling, for both production and preferences. However it lacks the desirable property of diminishing returns. In this paper, we consider piecewise Leontief concave (p-Leontief) utility function which consists of a set of Leontief-type segments with decreasing returns and upper limits on the utility. Leontief is a special cas...

A Leontief-Type Input-Output Inclusion

International Factor Price Differences : Leontief was Right !

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Is the Leontief model a production-prices model?

The Leontief model is generally considered as belonging to the category of the production-prices models , aside of the Ricardian, Marxian and Sra aian models. This paper clearly demonstrates that this is a super cial point of view. As the Leontief model handles price indexes, it is biperiodic: the Leontief price indexes solve the model for the base time period. The production-prices model that ...