Re: [OPE-L] The phenomenology of prices

From: Dave Zachariah (davez@KTH.SE)
Date: Sun Dec 30 2007 - 05:59:21 EST

on 2007-12-29 19:56 glevy@PRATT.EDU wrote:
> Hi Dave Z:
> Maybe we're talking about different things.  Insofar as we're
> talking
> about the release and tying-up of constant capital is
> concerned,
> how would the seasonal variations in the prices of raw
> materials
> show up in I/O models?

To my knowledge I/O models do not predict price variations, but if you
want a descriptive model of that then one could formalize it as discrete
time varying vectors and matrices on, say, a monthly basis.

//Dave Z

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