DISCUSSION PAPERS, 1977 (Nos. 442–477)

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No. Author(s) Title
CFDP 442 Fair, Ray C. "Can the Government Affect Real Output?: A Critique of Models with Rational Expectations" (January 1977) [18pp] Reprinted as "A Criticism of One Class of Macroeconomic Models with Rational Expectations" in Journal of Money, Credit, and Banking (November 1978), 10(4): 411-417 [CFP 475]
CFDP 443 Nordhaus, William D. "Strategies for the Control of Carbon Dioxide" (January 1977) [78pp]
CFDP 444 Brown, Donald J.
Khan, M. Ali
"An Extension of the Brown-Robinson Equivalence Theorem" (February 1977, revised June 1977) [10pp] Applied Mathematics and Computation (1980), 6(2): 167-175 [CFP 494]
CFDP 445 Shubik, Martin
Van der Heyden, Ludo
"Logrolling and Budget Allocation Games" (February 1977) [21pp, abstract] Reprinted in International Journal of Game Theory (1978), 7(3/4): 151-162 [CFP 482]
CFDP 446 Fair, Ray C. "The Sensitivity of Fiscal-Policy Effects to Assumptions About the Behavior of the Federal Reserve" (February 1977) [39pp] Reprinted in Econometrica (September 1978), 46(5): 1165-1179 [CFP 474]
CFDP 447 Dubey, Pradeep
Shapley, Lloyd S.
"Noncooperative Exchange with a Continuum of Traders" (February 1977) [19pp] Reprinted in Journal of Mathematical Economics (1994), 23: 253-293
CFDP 448 Dubey, Pradeep
Shubik, Martin
"A Theory of Money and Financial Institutions. Part 35. Bankruptcy and Optimality in a Closed Trading Mass Economy Modelled As a Noncooperative Game" (February 1977) [30pp] Reprinted in ournal of Mathematical Economics (1979), 6: 115-134 [CFP 488]
CFDP 449 Nordhaus, William D. "What is the Value of Advanced Nuclear Power?" (February 1977) [54pp]
CFDP 450 Smith, Gary "A Shortrun Macroeconomic Model of an Open Economy" (February 1977) [29pp]
CFDP 451 Fair, Ray C. "A Model of the Balance of Payments" (April 1977) [22pp] Reprinted in Journal of International Economics (1979), 9: 25-46 [CFP 483]
CFDP 452 Fair, Ray C. "Policy Effects in a Model of the Balance of Payments" (April 1977) [30pp]
CFDP 453 Scarf, Herbert E. "An Observation on the Structure of Production Sets with Indivisibilities" (April 1977) [19pp] Reprinted in Proceedings of the National Academy of Sciences (September 1977), 74(9): 3637-3641 [CFP 454]
CFDP 454 Dubey, Pradeep
Shubik, Martin
"A Theory of Money and Financial Institutions. Part 36. The Money Rate of Interest (A Multiperiod Nonatomic Trading and Production Economy with Outside Money, Inside Money and Optimal Bankruptcy Rules)" (April 1977) [61pp]
CFDP 455 Shubik, Martin "A Theory of Money and Financial Institutions. Part 22. A PriceQuantity BuySell Market with and without Contingent Bids" (May 1977) [10pp]
CFDP 456 Tobin, James "Monetary Policies and the Economy — The Transmission Mechanism" (June 1977) [21pp] Reprinted in Southern Economic Journal (January 1978), 44(3): 422-431 [CFP 462]
CFDP 457 Nordhaus, William D.
Van der Heyden, Ludo
"Modeling Technological Change: Use of Mathematical Programming Models in the Energy Sector" (June 1977) [56pp]
CFDP 458 Tobin, James "How Dead is Keynes?" (July 1977) [17pp] Reprinted in Economic Inquiry (October 1977), 15(4): 459-468 [CFP 456]
CFDP 459 Fair, Ray C. "An Analysis of a Macroeconometric Model with Rational Expectations in the Bond and Stock Markets" (1977) [28pp] Reprinted in American Economic Review (September 1979), 69(4): 539-552 [CFP 490]
CFDP 460R Shubik, Martin "Strategic Market Games: A Sketch of an Approach to the theory of Money and Financial Institutions. Together with an Informal Guide to Some Papers" (April 1977) [64pp] [Original title: "An Informal Guide to Some Papers On a Theory of Money and Financial Institutions"
CFDP 461 Smith, Gary "Equilibrium and Disequilibrium Interpretations of the IS-LM Model" (August 1977) [32pp, abstract] Reprinted in De Economist (1980), 497-529
CFDP 462 Shubik, Martin "A Theory of Money and Financial Institutions" (September 1977) [35pp] Reprinted in Economie Applique (1978), 31(1-2): 61-84
CFDP 463 Tobin, James "Deficit Spending and Crowding Out in Shorter and Longer Runs" (September 1977) [32pp] Reprinted in Theory for Economic Efficiency: Essays in Honor of Abba P. Lerner, MIT Press, 1979, pp. 217-236 [CFP 486]
CFDP 464 Smith, Gary "The Long Run Consequences of Monetary and Fiscal Policies When the Governments Budget Is Not Balanced" (September 1977) [21pp] Reprinted in Journal of Public Economics (1979), 11(1): 59-79 [CFP 479]
CFDP 465 Fair, Ray C. "On Modeling the Economic Linkages Among Countries" (October 1977) [49pp] Reprinted in R. Dornbusch and J.A. Frenkel, eds., International Economic Policy: Theory and Evidence, Johns Hopkins University Press, 1979, pp. 209-245 [CFP 478]
CFDP 466 Smith, Gary "The Long Run Implications of a Two Sector Model with Immobile Capital" (October 1977) [24pp] Reprinted in De Economist (1980), 50-74
CFDP 467 Dubey, Pradeep
Shubik, Martin
"Information Conditions, Communication and General Equilibrium" (October 1977) [26pp] Reprinted in Mathematics of Operations Research (May 1981), 6(2): 186-189 [CFP 526]
CFDP 468 Smith, Gary "The Long Run Implications of an IS-LM Simulation Model" (October 1977) [22p]
CFDP 469 Engelbrecht-Wiggans, R. "The Greedy Heuristic Applied to a Class of Set Partitioning and Subset Selection Problems" (October 1977) [16pp, abstract]
CFDP 470 Englebrecht-Wiggans, R. "Sealed Bid Auctions with Non-Additive Bid Functions" (October 1977) [20pp, abstract]
CFDP 471 Dubey, Pradeep
Weber, Robert J.
"Probabilistic Values for Games" (November 1977) [50pp, NO p. 48]
CFDP 471R Weber, Robert J. "Probabilistic Values for Games" (September 1978) [33pp]
CFDP 472R Weiss, Laurence "The Effects of Money Supply on Economic Welfare in the Steady State" (Revised October 1978) [22pp] Reprinted as "The Effects of Money Supply on Economic Welfare in the Steady State" in Econometrica (April 1980), 48(3): 565-576 [CFP 512, 12pp]
CFDP 473 Scarf, Herbert E. "The Computation of Equilibrium Prices: An Exposition" (November 1977) [82pp; NO p. 8] Reprinted in K.J. Arrow and M.D. Intriligator, eds., Handbook of Mathematical Economics, Vol. 11, North-Holland 1982, pp. 1007-1061 [CFP 541]
CFDP 474 McFadden, Daniel "Quantitative Methods for Analyzing Travel Behaviour of Individuals: Some Recent Developments" (November 1977) [47pp, abstract] Reprinted in D. Hensher and P. Stopher (eds.), Behavioural Travel Modelling, Croom Helm, 1978, pp. 279-318
CFDP 475 Dubey, Pradeep "Nash Equilibria of Market Games: I. Existence and Convergence" (Novebmer 1977) [29pp] Reprinted as "Nash Equilibria of Market Games: Finiteness and Inefficiency" in Journal of Economic Theory (April 1980), 22(2): 364-376 [CFP 506, 14pp]
CFDP 476 Shubik, Martin "Game Theory Models and Methods in Political Economy" (November 1977) [65pp, abstract] Reprinted in K.J. Arrow and M.C. Intrilligator (eds.), Handbook of Mathematical Economics, North Holland, 1981
CFDP 477 McFadden, Daniel "Modelling the Choice of Residential Location" (December 1977) [33pp] Reprinted in A. Karlqvist, F. Snickars and J. Weibull (eds.), Spatial Interaction Theory and Planning Models, North Holland, 1978, pp. 75-96; also J. Quigley (ed.), The Economics of Housing, Vol. 1, Edward Elgar, 1997, pp. 531-552
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