Re: [OPE-L] price of production/supply price/value

From: Andrew Brown (A.Brown@LUBS.LEEDS.AC.UK)
Date: Wed Feb 01 2006 - 09:31:12 EST

Hi Paul

You write:

"I was making very parsimonious assumptions in my post:
a) Assume that the selling prices of firms are a random function of the
value of their products."

You seem to actually be specifying this function such that prices are
proportional to values with a random disturbance (i.e. prices fluctuate
around values with zero mean fluctuation). If so then you are assuming
the famous aggregate equalities hold (with random disturbance). But
isn't this assuming just what is at issue?


This archive was generated by hypermail 2.1.5 : Thu Feb 02 2006 - 00:00:01 EST