The LeChatelier-Samuelson principle revisited

    OnderzoeksoutputAcademicpeer review


    Within the context of a linear Leontief model, the LeChatelier-Samuelson principle examines the effects of an increase in some final demand on the output levels under the constraint that the production of certain goods is held at its original value. The principle states that the increase in any output is larger when fewer output levels are kept constant. The present paper discusses bounds for such incremental changes, second-order effects, the consequences on the markets for the products with restricted output levels, and generalizations of the original assumptions.

    Originele taal-2English
    Pagina's (van-tot)277-296
    Aantal pagina's20
    TijdschriftJournal of economics-Zeitschrift fur nationalokonomie
    Nummer van het tijdschrift3
    StatusPublished - 1992

    Citeer dit