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Article: The LeChatelier principle: The long and the short of it

TitleThe LeChatelier principle: The long and the short of it
Authors
Suen, WSilberberg, ETseng, P
KeywordsComparative statics
LeChatelier principle
Issue Date2000
PublisherSpringer Verlag. The Journal's web site is located at http://link.springer.de/link/service/journals/00199/index.htm
Citation
Economic Theory, 2000, v. 16 n. 2, p. 471-476 How to Cite?
DOI: http://dx.doi.org/10.1007/s001990050015
AbstractUsing ordinary calculus techniques, we investigate the conditions under which LeChatelier effects are signable for finite changes in parameter values. We show, for example, that the short run demand for a factor is always less responsive to price changes than the long run demand, provided that the factor of production and the fixed factor do not switch from being substitutes to being complements (or vice versa) over the relevant range of the price change. The absence of a sign change in the complementarity/substitutability relation holds under conditions that are considerably more general than supermodularity of the production function.
Persistent Identifierhttp://hdl.handle.net/10722/48707
ISSN
0938-2259
2023 Impact Factor: 1.2
2023 SCImago Journal Rankings: 1.217
ISI Accession Number ID
WOS:000085962200004
References
References in Scopus

 

DC FieldValueLanguage
dc.contributor.authorSuen, Wen_HK
dc.contributor.authorSilberberg, Een_HK
dc.contributor.authorTseng, Pen_HK
dc.date.accessioned2008-05-22T04:22:01Z-
dc.date.available2008-05-22T04:22:01Z-
dc.date.issued2000en_HK
dc.identifier.citationEconomic Theory, 2000, v. 16 n. 2, p. 471-476en_HK
dc.identifier.issn0938-2259en_HK
dc.identifier.urihttp://hdl.handle.net/10722/48707-
dc.description.abstractUsing ordinary calculus techniques, we investigate the conditions under which LeChatelier effects are signable for finite changes in parameter values. We show, for example, that the short run demand for a factor is always less responsive to price changes than the long run demand, provided that the factor of production and the fixed factor do not switch from being substitutes to being complements (or vice versa) over the relevant range of the price change. The absence of a sign change in the complementarity/substitutability relation holds under conditions that are considerably more general than supermodularity of the production function.en_HK
dc.format.extent82449 bytes-
dc.format.extent242007 bytes-
dc.format.mimetypeapplication/pdf-
dc.format.mimetypeapplication/pdf-
dc.languageengen_HK
dc.publisherSpringer Verlag. The Journal's web site is located at http://link.springer.de/link/service/journals/00199/index.htmen_HK
dc.relation.ispartofEconomic Theoryen_HK
dc.rightsThe original publication is available at www.springerlink.comen_HK
dc.subjectComparative staticsen_HK
dc.subjectLeChatelier principleen_HK
dc.titleThe LeChatelier principle: The long and the short of iten_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0938-2259&volume=16&issue=2&spage=471&epage=476&date=2000&atitle=The+LeChatelier+principle:+the+long+and+the+short+of+it+en_HK
dc.identifier.emailSuen, W: hrneswc@hkucc.hku.hken_HK
dc.identifier.authoritySuen, W=rp00066en_HK
dc.description.naturepostprinten_HK
dc.identifier.doi10.1007/s001990050015en_HK
dc.identifier.scopuseid_2-s2.0-0034348746en_HK
dc.identifier.hkuros57758-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0034348746&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume16en_HK
dc.identifier.issue2en_HK
dc.identifier.spage471en_HK
dc.identifier.epage476en_HK
dc.identifier.isiWOS:000085962200004-
dc.publisher.placeGermanyen_HK
dc.identifier.scopusauthoridSuen, W=7006977946en_HK
dc.identifier.scopusauthoridSilberberg, E=6505796422en_HK
dc.identifier.scopusauthoridTseng, P=7102681781en_HK
dc.identifier.issnl0938-2259-

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