Cowles Foundation for Research in Economics

DISCUSSION PAPERS, 1972 (Nos. 325–348)

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No. Author(s) Title
CFDP 325 Peck, Jon K. "A Comparison of Alternative Estimators for a Dynamic Relationship Estimated from a Time Series of Cross-Sections When the Disturbances Are Small" (January 1972) [82pp]
CFDP 326 Brown, Donald J.
Robinson, Abraham
"The Cores of Large Standard Exchange Economies" (January 1972) [13pp] Reprinted in Journal of Economic Theory (November 1974), 9(3): 246-254 [CFP 418]
CFDP 327 Bodkin, Ronald G. "The Marginal Revolution After One Hundred Years" (January 1972) [40pp]
CFDP 328 Shoven, John B.
Whalley, John
"A General Equilibrium Calculation of the Effects of Differential Taxation of Income from Capital in the U.S." (January 1972) [57pp] Reprinted in Journal of Public Economics (1972), 1: 281-321 [CFP 379]
CFDP 329 Nordhaus, William D. "The Effect of Inflation on the Distribution of Economic Welfare" (February 1972) [71pp] Reprinted in Journal of Money, Credit, and Banking (1973), 5(1)(2): 465-508 [CFP 386]
CFDP 330 Shubik, Martin "A Theory of Money and Financial Institutions. Part IV. Fiat Money and Noncooperative Equilibrium in a Closed Economy" (February 1972) [50pp, abstract] Reprinted in International Journal of Game Theory (1972), 1(4): 243-268
CFDP 331 Shubik, Martin "A Theory of Money and Financial Institutions. Part VII. Money, Trust and Equilibrium Points in Games in Extensive Form" (February 1972) [30pp]
CFDP 332 Starr, Ross M. "Notes on Transactions Costs and the Analysis of Microeconomic Theory" (March 1972) [14pp]
CFDP 333 Nordhaus, William D. "Political Business Cycle" (April 1972) [70pp]
CFDP 334 Shapley, Lloyd S.
Shubik, Martin
"A Theory of Money and Financial Institutions. Part VI. The Rate of Interest, Noncooperative Equilibrium and Bankruptcy" (April 1972) [36pp]
CFDP 335 Stiglitz, Joseph E. "Alternative Theories of Wage Determination and Unemployment in L.D.C.'s: I. The Labor Turn-Over Model" (April 1972) [59pp] Reprinted in Quarterly Journal of Economics (1974), 88: 194-227 [CFP 411]
CFDP 336 Shubik, Martin "A Theory of Money and Financial Institutions. Part VIII. Transactions Costs in a Market Economy" (April 1972) [32pp]
CFDP 337 Shubik, Martin "A Theory of Money and Financial Institutions. Part IX. Competitive and Controlled Price Economies: The Arrow-Debreu Model Revisited" (April 1972) [19pp] Reprinted as "Competitive and Controlled Price Economies: The Arrow-Debreu Model Revisited" in G. Schwodiauer, ed., Equilibrium and Disequilibrium in Economic Theory, Reidel, 1977, pp. 211-224 [CFP 461]
CFDP 338 Shubik, Martin "A Theory of Money and Financial Institutions. Part V. The Rate of Interest on Fiat Money in a Closed Economy" (April 1972) [54pp, abstract]
CFDP 339 Stiglitz, Joseph E. "On the Irrelevance of Corporate Financial Policy" (April 1972) [39pp] Reprinted in American Economic Review (December 1974), 64(6): 851-866
CFDP 340 Dasgupta, P.
Stiglitz, Joseph E.
"Benefit-Cost Analysis and Trade Policies" (April 1972) [63pp] Reprinted in Journal of Political Economy (1974), 82(1): 1-33 [CFP 404]
CFDP 341 Lepper, Susan J. "Voting Behavior and Aggregate Policy Targets" (May 1972) [33pp] Reprinted in Public Choice (1974), 18: 67-81 [CFP 409]
CFDP 342 Brown, Donald J. "Existence of a Competitive Equilibrium in a Nonstandard Exchange Economy" (July 1972) [20pp]
CFDP 343 Kramer, Gerald H.
Klevorick, Alvin K.
"Existence of a "Local" Cooperative Equilibrium in a Class of Voting Games" (August 1972) [19pp] Reprinted in Review of Economic Studies (October 1974), 61(4): 539-547 [CFP 421]
CFDP 344 Rothschild, Michael
Stiglitz, Joseph E.
"Some Further Results on the Measurement of Inequality" (July 1972) [22pp] Reprinted in Journal of Economic Theory (April 1973), 6(2): 188-204 [CFP 390]
CFDP 345 Klevorick, Alvin K.
Kramer, Gerald H.
"Social Choice on Pollution Management: The Genossenschaften" (October 1972) [65pp] Reprinted in Journal of Public Economics (1973), 2: 101-146 [CFP 387]
CFDP 346 Stephens, J. Kirker "Input Quality, Obsolescence and Unemployment" (October 1972) [8pp] Reprinted in Kyklos (1973), 2: 282-287 [CFP 392]
CFDP 347 Shubik, Martin "Information, Duopoly and Competitive Markets: A Sensitivity Analysis" (November 1972) [32pp] Reprinted in Kyklos (1973), 26: 736-761 [CFP 400]
CFDP 348 Tobin, James "Technological Development and Employment" (December 1972) [40pp]
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