By Ian Steedman
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Robinson , p. 300. 12. Cf. Robinson , p. 301. Fundamental Issues in Trade Theory 36 13. Professor D. G. Champernowne has kindly suggested the following intuitive explanation of our results. The choice between two techniques, a and b, at a positive rate of profit, r, is exactly equivalent to the choice between two imaginary techniques, a and 5, at a zero rate of profit, where each commodity input-output coefficient for the imaginary techniques is equal to (1 +r) times the corresponding coefficient for the actual techniques and the corresponding direct land and labour coefficients are the same.
73. 75. 50). 16 Furthermore it is easy to see that the response of relative outputs to changes in z, and hence p, is different for each of the positive profit rates chosen and that there are four different net output frontiers associated with these rates. AN ECONOMY WITH INFINITELY MANY TECHNIQUES (i) Existence and Uniqueness of a Solution We are now in a position to generalise our results to a situation in which there is an infinite number of productive techniques and a given, positive rate of profit.
15. 15 Reswitching and Primary Input Use 31 function of the price ratio p, is shown by the curve DAD A; the corresponding curve forB, D 8 D 8 , is higher at every price ratio, showing that demand for commodity one is 'more intense' in country B. If economy A is at point A and economy B at point B, then the economy with the 'more intense' demand for commodity one, the landintensive commodity, will have the lower price ratio, p, and thus the lower ratio of rents to wages. 16). The 'relative supply' curve in economy A is shown as SA SA; the corresponding curve for B, S 8 S 8 , is higher at every price ratio, showing that economy B has a higher ratio ofland to labonr (commodity one is the land-intensive commodity, it will be remembered).