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Cowles Foundation for Research in Economics

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DISCUSSION PAPERS, 1978

No. Author(s) Title
CFDP 478 Shubik, Martin
Young, H.P.
"The Nucleolus as a Noncooperative Game Solution" [15pp]
CFDP 479 Klevorick, Alvin K.
Rothschild, Michael
"A Model of the Jury Decision Process" [38pp] Reprinted in The Journal of Legal Studies (January 1979), 8: 141-164 [CFP 480]
CFDP 480 Fair, Ray C. "Estimating the Expected Predictive Accuracy of Econometric Models" [41pp] Reprinted in International Economic Review (June 1980), 21(2): 356-378 [CFP 507]
CFDP 481 Brown, Donald J.
Lewis, Lucinda M.
"Myopic Economic Agents" [25pp, abstract] Reprinted in Econometrica (March 1981), 49(2): 359-368 [CFP 525]
CFDP 482 Shubik, Martin
Weber, Robert J.
"Competitive Valuation of Cooperative Games" [20pp]
CFDP 483 Dubey, Pradeep
Shubik, Martin
"A Theory of Money and Financial Institutions. Part 37. The Profit Maximizing Firm: Managers and Stockholders" [23pp]
CFDP 484 Dubey, Pradeep
Shubik, Martin
"On 'On the Foundations of the Theory of Monopolistic Competition'" [15pp]
CFDP 485 Blau, Julian H.
Brown, Donald J.
"The Structure of Neutral Monotonic Social Functions" [22pp, abstract]
CFDP 486 Koopmans, Tjalling C. "The Transition from Exhaustible to Renewable or Inexhaustible Resources" [16pp] Reprinted in Economic Growth and Resources, St. Martins Press, 1981, pp. 3-11 [CFP 533]
CFDP 487 Phillips, Peter C.B. "A Note on the Saddlepoint Approximation in the First Order Non-Circular Autoregression" [14pp, abstract]
CFDP 488 Kouri, Pentti J.K.
de Macedo, Jorge B.
"Exchange Rates and the International Adjustment Process" [57pp; NO p. 26] Reprinted in Brookings Papers on Economic Activity (1978), 1: 111-157 [CFP 464]
CFDP 489 Shubik, Martin
Weber, Robert J.
"Systems Defense Games: Colonel Blotto, Command and Control" [23pp] Reprinted in Naval Research Logistics Quarterly (1981), 28(2): 281-287 [CFP 521]
CFDP 490 Kouri, Pentti J.K. "Profitability and Growth in a Small Open Economy" [21pp] Reprinted in Assar Lindbeck, ed., Inflation and Employment in Open Economies, North-Holland, 1979, pp. 129-142 [CFP 491]
CFDP 491 Weiss, Laurence "The Role for Active Monetary Policy in a Rational Expectations Model" [21pp] Reprinted in Journal of Political Economy (1980), 88(21): 221-233 [CFP 498]
CFDP 492 Fair, Ray C.

"An Analysis of the Accuracy of Four Macroeconometric Models" [23pp]  Reprinted in Journal of Political Economy (1979), 87(4): 702-718 [CFP 489]

CFDP 493 Backus, David
Purvis, Douglas
"An Integrated Model of Household Flow-of-Funds Allocations" [36pp, abstract] Reprinted in Journal of Money, Credit, and Banking (May 1980), 12(2): 399-421 [CFP 503]
CFDP 494 Engelbrecht-Wiggans, R. "An Example of a Multi-Object Auction Game" [11pp, abstract] Reprinted in Management Science (December 1979), 25(12): 1272-1277 AND "Erratum." Management Science (April 1981), 27(4): 970 [CFP 530]
CFDP 495 Engelbrecht-Wiggans, R. "A Model for the Distribution of the Number of Bidders in an Auction" [13pp, abstract]
CFDP 496 Engelbrecht-Wiggans, R. "Auctions and Bidding Models: A Survey" [48pp]
CFDP 496R Engelbrecht-Wiggans, R. "Auctions and Bidding Models: A Survey" [48pp, abstract] Reprinted in Management Science (February 1980), 26(2): 119-142 [CFP 514]
CFDP 497 Buiter, Willem
Tobin, James
"Debt Neutrality: A Brief Review of Doctrine and Evidence" [40pp] Reprinted in George M. Von Furstenberg, eds., Social Security Versus Private Saving, Ballinger Publishing, 1979, pp. 39-63 [CFP 505]
CFDP 498 Weber, Robert J. "Comparison of Public Choice Systems" [81pp, abstract]
CFDP 499 Weiss, Laurence "A Model of International Trade and Finance" [22pp] Reprinted in Quarterly Journal of Economics (September 1980), 95(4): 277-292 [CFP 520]
CFDP 500 Engelbrecht-Wiggans, R. "Bidding in Auctions with Multiplicative Lognormal Errors: An Example" [16pp]
CFDP 500R Engelbrecht-Wiggans, R. "Bidding in Auctions with Multiplicative Lognormal Errors: An Example" [20pp]
CFDP 501 Dubey, Pradeep "Nash Equilibria of Market Games: II. Finiteness" [10pp] Reprinted as "Nash Equilibria of Market Games: Finiteness and Inefficiency" in Journal of Economic Theory (April 1980), 22(2): 364-376 [CFP 506]
CFDP 502 Tobin, James "Government Deficits and Capital Accumulation" [30pp] Reprinted in Contemporary Economic Activity, Vol. 2, 1980, pp. 23-46 [CFP 534]
CFDP 503 Shavell, Steven
Weiss, Laurence
"The Optimal Payment of Unemployment Insurance Benefits Over Time" [31pp]
CFDP 504 Brown, Donald J.
Heal, Geoffrey M.
"Equity, Efficiency and Increasing Returns" [35pp] Reprinted in Review of Economic Studies (1979), 46(4)(145): 571-585 [CFP 519]
CFDP 505 Koopmans, Tjalling C. "Economics Among the Sciences" [34pp] Reprinted in American Economic Review (March 1979), 69(1): 1-13 [CFP 481]
CFDP 506 Tobin, James "A Proposal for International Monetary Reform" [16pp] Reprinted in The Eastern Economic Journal (July/October 1978), 4(3-4): 153-159 [CFP 495]
CFDP 507 Shubik, Martin "The Capital Stock Modified Competitive Equilibrium" [62pp]
CFDP 508R Dubey, Pradeep "Finiteness and Inefficiency of Nash Equilibria" [23pp]
CFDP 509 Sutton, John "A Model of Stochastic Equilibrium in a Quasi-Competitive Industry" [46pp]
CFDP 510 Kouri, Pentti J.K. "Balance of Payments and the Foreign Exchange Market: A Dynamic Partial Equilibrium Model" [70pp]
CFDP 511 Fair, Ray C. "An Estimate of the Uncertainty of Policy Effects in a Macro-economic Model" [19pp]
CFDP 512 Buiter, Willem
Tobin, James
"Fiscal and Monetary Policies, Capital Formation, and Economic Activity" [107pp] Reprinted in The Government and Capital Formation, Ballinger Publishing, 1980, pp. 73-151 [CFP 523]

DISCUSSON PAPERS,  1979

No. Author(s) Title
CFDP 513 Dubey, Pradeep
Neyman, Abraham
Weber, Robert J.
"Value Theory Without Efficiency" [15pp] Reprinted in Mathematics of Operations Research (February 1981), 6(1): 122-128 [CFP 528]
CFDP 514 Mantel, Rolf R. "Market Induced Welfare Optima" [20pp]
CFDP 515 Weber, Robert J. "Subjectivity in the Valuation of Games" [8pp] Reprinted in O. Moeschlin and D. Pallaschke, eds., Game Theory and Related Topics, North-Holland, 1979, pp. 129-136 [CFP 493]
CFDP 516 Kehoe, Timothy J. "An Index Theorem for General Equilibrium Models with Production" [35pp]
CFDP 517 Shubik, Martin "Cooperative Game Solutions: Australian, Indian and U.S. Opinions" [19pp, abstract] Reprinted in Journal of Conflict Resolution (March 1986), 30(1): 63-76 [CFP 640]
CFDP 518 Kannai, Yakar "An Even More Elementary "Calculus" Proof of the Brouwer Fixed Point Theorem" [7pp]
CFDP 519 Fair, Ray C.
Parke, William R.
"Full Information Estimates of a Nonlinear Macroeconometric Model" [34pp] Reprinted in Journal of Econometrics (1980), 13(3): 269-291 [CFP 502]
CFDP 520 Dubey, Pradeep "Price-Quantity Strategic Market Games" [21pp] Reprinted in Econometrica (January 1982), 50(1): 111-126 [CFP 536]
CFDP 521 Dubey, Pradeep
Shubik, Martin
"A Strategic Market Game with Price and Quantity Strategies" [14pp] Reprinted in Zeitschrift für Nationalökonomie (1980), 40(12): 25-34 [CFP 510]
CFDP 522 Tobin, James
de Macedo, Jorge B.
"The Short-Run Macroeconomics of Floating Exchange Rates: An Exposition" [37pp] Reprinted in John S. Chipman and Charles P. Kindelberger, eds., Flexible Exchange Rates and the Balance of Payments, North-Holland, 1980, pp. 5-28 [CFP 508]
CFDP 523 Engelbrecht-Wiggans, R.
Weber, Robert J.
"On the Non-Existence of Multiplicative Equilibrium Bidding Strategies" [11pp, abstract]
CFDP 524 Howe, Roger "Most Convex Functions are Smooth" [3pp]
CFDP 525 Shubik, Martin
Sobel, Matthew J.
"Stochastic Games, Oligopoly Theory and Competitive Resource Allocation" [18pp, abstract]
CFDP 526 Scarf, Herbert E. "Production Sets with Indivisibilities: Generalities and the Case of Two Variables" [108pp] Reprinted in Econometrica (January 1981), 49(1): 1-32 [CFP 516] AND Econometrica (March 1981), 49(2): 395-423 [CFP 522]
CFDP 527 Kannai, Yakar "The ALEP Definition of Complementarity and Least Concave Utility Functions" [5pp, abstract] Reprinted in Journal of Economic Theory (February 1980), 22(1): 115-117 [CFP 515]
CFDP 528 Weiss, Laurence "Information Aggregation and Policy" [26pp] Reprinted in Review of Economic Studies (1982), 49: 31-42 [CFP 542]
CFDP 529 Strip, David R.
Engelbrecht-Wiggans, R.
"The Design of Distributed Service Systems" [19pp, abstract]
CFDP 530 Engelbrecht-Wiggans, R.
Strip, David R.
"On the Relation of Various Reliability Measures to Each Other and to Game Theoretic Values" [16pp, abstract]
CFDP 531 Engelbrecht-Wiggans, R.
Weber, Robert J.
"Competitive Bidding and Proprietary Information" [11pp, abstract] Reprinted in Journal of Mathematical Economics (1983), 11: 161-169 [CFP 576b]
CFDP 532 Nordhaus, William D. "How Should We Revise Our Beliefs About Nuclear Power Safety After Three Mile Island?" (1979) [15pp, abstract\
CFDP 533 Nordhaus, William D. "Tax-Based Incomes Policies: A Better Mousetrap?" [25pp]
CFDP 534 Nordhaus, William D. "The Energy Crisis and Macroeconomic Policy" [13pp]
CFDP 535 Smith, Gary
Brainard, William C.
"Disequilibrium Models of Financial Institutions" [43pp] Reprinted as "A Disequilibrium Model of Savings and Loan Associations" in The Journal of Finance (December 1982), 37(5): 1277-1293 [CFP 561]
CFDP 536 Kowalewski, Kim
Smith, Gary
"The Spending Behavior of Wealth- and Liquidity-Constrained Consumers" [31pp]
CFDP 537 Parke, William R. "An Algorithm for FIML and 3SLS Estimation of Large Nonlinear Models" [25pp, abstract]
CFDP 538 Howe, Roger "On the Tendency Toward Convexity of the Vector Sum of Sets" [17pp]
CFDP 539 Fujiwara, Okitsugu "Morse Programs" [40pp, abstract]
CFDP 540 McLean, Richard P.
Muench, Thomas J.
"Some Relationships Between Discrete and Continuous Models of an Urban Economy" [39pp]
CFDP 541 Fair, Ray C. "A Multicountry Econometric Model" [79pp]
CFDP 541R Fair, Ray C. "A Multicountry Econometric Model" (1981) [81pp]
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