Table of Contents
Economics Research International
Volume 2015 (2015), Article ID 181284, 6 pages
http://dx.doi.org/10.1155/2015/181284
Research Article

An Extension of the Hawkins and Simon Condition Characterizing Viable Techniques

Economics Department, Universidad Autónoma Metropolitana, San Rafael Atlixco 186, Vicentina, Iztapalapa, 09340 Ciudad de México, DF, Mexico

Received 15 June 2015; Revised 13 August 2015; Accepted 16 August 2015

Academic Editor: João Ricardo Faria

Copyright © 2015 Alberto Benítez Sánchez. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract

This paper discusses an extended version of the Hawkins and Simon condition which constitutes a synthetic formulation of the mathematical properties that viable economies must satisfy in single production models. The new version is implicit in the economic interpretations offered by them of the Hawkins and Simon condition, once a correction is introduced in one of those interpretations. Moreover, the paper details the meaning of the extended version following the interpretation of the original version proposed by Dorfman, Samuelson, and Solow. It also introduces a characteristic property of indecomposable matrices that has not previously been published.