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A Class of Generalized Metzlerian Matrices

Quirk, James P. (1973) A Class of Generalized Metzlerian Matrices. Social Science Working Paper, 17. California Institute of Technology , Pasadena, CA. (Unpublished)

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This paper returns to a problem concerning the relationship between dynamic stability and Hicksian stability raised in a paper by Lloyd Metzler over twenty-five years ago [10]. The present paper identifies-a class of matrices which has the property that dynamic stability implies Hicksian stability, as in the gross substitute or “Metzlerian” case. Further, as in the Metzlerian case, such matrices are specified in terms of their qualitative properties, i.e., their sign pattern configurations. Some links between this class of matrices and Samuelson’s correspondence principle are also indicated.

Item Type:Report or Paper (Working Paper)
Additional Information:Revised. I would like to thank Dan McFadden for his many comments, criticisms, and suggestions on an earlier draft of this paper. John Maybee’s comments have also been extremely helpful. Errors that remain are my own. Published in Trade Stability and Macroeconomics: Essays in Honor of Lloyd A. Metzler, edited by George Horwich and Paul A. Samuelson. New York: Academic Press, 1974.
Group:Social Science Working Papers
Series Name:Social Science Working Paper
Issue or Number:17
Record Number:CaltechAUTHORS:20171101-165329893
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Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:82869
Deposited By: Jacquelyn Bussone
Deposited On:02 Nov 2017 17:48
Last Modified:03 Oct 2019 18:59

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