Publication
Title
The concept of sector
Author
Abstract
We generalize the concept of industry, which stems from the analysis of single-product economies, to that of sector. The sector concept can be applied to economies with or without joint-product processes and pure capital goods. A sectoral economy is an economy characterized by the super-adjustment property: any strictly viable subset of methods can adapt itself to an arbitrary final demand. Given a few additional asumptions, the competitive prices are minimal in a sectoral economy, so that the subset of competitive methods is uniquely defined and the non-substitution property holds.
Language
English
Source (series)
Research paper / UFSIA, Faculty of Applied Economics , 1999:024
Publication
Antwerpen : UFSIA, 1999
Volume/pages
28 p.
Full text (open access)
UAntwerpen
Faculty/Department
Research group
Publication type
Affiliation
Publications with a UAntwerp address
External links
Record
Identification
Creation 08.10.2008
Last edited 04.09.2013
To cite this reference