Viability in Structured Production Systems
Analysis
Key Takeaways
- •Introduces a framework for analyzing equilibrium in structured production systems.
- •Defines viability as a prerequisite for equilibrium.
- •Proves acyclic production systems are always viable.
- •Characterizes completely viable systems through input restrictions.
- •Bridges Leontief-Sraffa production theory with network economics.
“Acyclic production systems are always viable.”