Contributions to the Von Neumann Growth Model: Proceedings by Prof. Martin J. Beckmann (auth.), Prof. Dr. Gerhart

By Prof. Martin J. Beckmann (auth.), Prof. Dr. Gerhart Bruckmann, Prof. Dr. Wilhelm Weber (eds.)

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33. , that would cause such a limitation. Here we merely demonstrate by means of an example that solutions with

A policy is a Borel measurable function f from s = N X z to zn such that', for every i inN and X in z, t (i, x) is in F (i, x). To a particular policy f, in conjunction with the transition probability matrix (uii), is associated a (discrete time) Markov process in + 4 A function f from S to zn will be said to be Bore I measurable if, for every i inN, f (i, ·) is Borel measurable. - Balanced Stomastic Growth at the Maximum Rate 43 - the setS, with transition probability function P 1 determined by - • P, (a, X; { '} 1 X A) if fJ (i, x) in A, h .

Imports = internal demand + exports) Mpy=zP-z" (value of outputs + negative profits = value of inputs profits) + positive Axiom 3. (external value of exports = internal value of imports) Axiom 4. tPzP=t"z" (profits of profitable industries Axiom 5. = the losses of unprofitable industries) xBy>O (something of value is produced) Axiom 6. t" O t"Api>O.

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