Template-type: ReDIF-Paper 1.0 Author-Name: Ludo Van der Heyden Author-X-Name-First: Ludo Author-X-Name-Last: Van der Heyden Title: A Path Following Procedure for Finding a Point in the Core of a Balanced N-Person Game Abstract: A basic theorem in n-person game theory due to Scarf states that a balanced game has a nonempty core. Scarf's proof presents a procedure to find a point in the core of a discrete game, where every coalition disposes of a finite number of alternatives. The proof for a general game follows by passing to the limit. In this paper we present a procedure which works with the characteristic sets in original form. They no longer need to be approximated. The procedure consists in following a finite sequence of possibly nonlinear paths. The framework adopted for this paper is more general than needed to treat the core problem. This enables us to present a unified approach treating the latter problem as well as related problems in linear complementarity theory and fixed point computation. Length: 29 pages Creation-Date: 198012 Number: 575 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05b/d0575.pdf File-Format: application/pdf File-Size: 559 kb Handle: RePEc:cwl:cwldpp:575 Template-type: ReDIF-Paper 1.0 Author-Name: Gerard Debreu Author-X-Name-First: Gerard Author-X-Name-Last: Debreu Author-Name: Tjalling C. Koopmans Author-X-Name-First: Tjalling C. Author-X-Name-Last: Koopmans Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Additively Decomposed Quasiconvex Functions Note: CFP 563. Length: 57 pages Creation-Date: 198012 Number: 574 Publication-Status: Published in Mathematical Programming (1982), 24: 1-38 File-URL: http://cowles.econ.yale.edu/P/cp/p05b/p0563.pdf File-Format: application/pdf File-Size: 1261 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05b/d0574.pdf File-Format: application/pdf File-Size: 1039 kb Handle: RePEc:cwl:cwldpp:574 Template-type: ReDIF-Paper 1.0 Author-Name: Phillips, Peter C.B. Author-X-Name-First: Peter C.B. Author-X-Name-Last: Phillips Author-Email: peter.phillips@yale.edu Author-Homepage: http://korora.econ.yale.edu/phillips/ Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: On the Consistency of Non-Linear FIML Abstract: Examples are given which show that:(i) normality is not Necessary for the consistency of the quasi maximum likelihood estimator in the nonlinear simultaneous equations model (nonlinear FIML) even when there are major departures from linearity; and (ii) the lemma which is used extensively by Amemiya [2] in the theoretical development of the properties of nonlinear FIML under the assumption of normality is, as presently stated, incorrect. Note: CFP 549. Length: 18 pages Creation-Date: 198012 Number: 573 Publication-Status: Published in Econometrica (September 1982), 50(5): 1307-1323 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0549.pdf File-Format: application/pdf File-Size: 799 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05b/d0573.pdf File-Format: application/pdf File-Size: 346 kb Handle: RePEc:cwl:cwldpp:573 Template-type: ReDIF-Paper 1.0 Author-Name: Robert M. Anderson Author-X-Name-First: Robert M. Author-X-Name-Last: Anderson Author-Workplace-Name: Yale University & Princeton University Title: A Market Value Approach to Approximate Equilibria Abstract: We consider the market value of excess demand as a measure of disequilibrium. We show that, in a fixed exchange economy, there exist approximate equilibria whose measures of disequilibrium depend only on the endowments and not on the preferences. A related bound on the norm of excess demand, depending on the endowments and the approximate equilibrium price, is also obtained. We show the existence of allocations which are nearly competitive, as measured by the largest proportion of demand given up at the allocation by any trader. We use these results to obtain, for very general sequences of exchange economies, allocations giving all traders bundles close to norm to their demands. This result includes a O(1/n) rate of convergence in the case of uniformly bounded endowments. Length: 15 pages Creation-Date: 198012 Number: 572 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05b/d0572.pdf File-Format: application/pdf File-Size: 264 kb Handle: RePEc:cwl:cwldpp:572 Template-type: ReDIF-Paper 1.0 Author-Name: Mamoru Kaneko Author-X-Name-First: Mamoru Author-X-Name-Last: Kaneko Author-Workplace-Name: University of Tsukuba Title: Housing Market with Indivisibility Abstract: In this paper we present a model of rental housing market in which houses are treated as indivisible commodities. We provide a recursive equation which determines a competitive equilibrium and argue that we can regard the competitive equilibrium as a representative of the set of all competitive equilibria. Using this representative equilibrium, we provide several propositions on comparative statics, that is, we consider how the competitive rents change when certain parameters of the model change. Note: CFP 571. Length: 44 pages Creation-Date: 198012 Number: 571 Publication-Status: Published in Journal of Urban Economics (1983), 13: 22-50 File-URL: http://cowles.econ.yale.edu/P/cp/p05b/p0571.pdf File-Format: application/pdf File-Size: 1074 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05b/d0571.pdf File-Format: application/pdf File-Size: 806 kb Handle: RePEc:cwl:cwldpp:571 Template-type: ReDIF-Paper 1.0 Author-Name: Alan J. Auerbach Author-X-Name-First: Alan J. Author-X-Name-Last: Auerbach Author-Name: Lawrence Kotlikoff Author-X-Name-First: Lawrence Author-X-Name-Last: Kotlikoff Title: National Savings, Economic Welfare, and the Structure of Taxation Length: 59 pages Creation-Date: 198012 Number: 570 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05b/d0570.pdf File-Format: application/pdf File-Size: 1149 kb Handle: RePEc:cwl:cwldpp:570 Template-type: ReDIF-Paper 1.0 Author-Name: Lawrence Kotlikoff Author-X-Name-First: Lawrence Author-X-Name-Last: Kotlikoff Author-Name: Avia Spivak Author-X-Name-First: Avia Author-X-Name-Last: Spivak Author-Workplace-Name: Ben Gurion University Author-Name: Lawrence H. Summers Author-X-Name-First: Lawrence H. Author-X-Name-Last: Summers Author-Workplace-Name: MIT & NBER Title: The Adequacy of Savings Length: 35 pages Creation-Date: 198012 Number: 569 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05b/d0569.pdf File-Format: application/pdf File-Size: 828 kb Handle: RePEc:cwl:cwldpp:569 Template-type: ReDIF-Paper 1.0 Author-Name: Esfandier Maasoumi Author-X-Name-First: Esfandier Author-X-Name-Last: Maasoumi Author-Workplace-Name: University of Southern California Author-Name: Peter C.B. Phillips Author-X-Name-First: Peter C.B. Author-X-Name-Last: Phillips Author-Email: peter.phillips@yale.edu Author-Homepage: http://korora.econ.yale.edu/phillips/ Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: On the Behavior of Inconsistent Instrumental Variable Estimators Abstract: Results published recently by Hendry (1979) for the limiting distribution of inconsistent instrumental variable estimators in misspecified dynamic systems are incorrect. In particular, Hendry's derivations involve the use of an appropriate control variate and lead to an expression for the covariance matrix of the limiting distribution which, in general, omits many additional terms. Correct formulae are given in the present paper and the accuracy of the asymptotic distribution in finite samples is investigated in a simple case using the know exact small sample distribution. On the basis of our exact results, we argue for caution in the use of response surface regressions of the type recommended by Hendry in Monte Carlo experiments; and we emphasize the need for qualifying statements concerning the parameter environments in which the adequacy of these regressions has been substantiated. Note: CFP 554. Length: 24 pages Creation-Date: 198012 Number: 568 Publication-Status: Published in Journal of Econometrics (1982), 19: 183-201 File-URL: http://cowles.econ.yale.edu/P/cp/p05b/p0554.pdf File-Format: application/pdf File-Size: 762 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05b/d0568.pdf File-Format: application/pdf File-Size: 896 kb Handle: RePEc:cwl:cwldpp:568 Template-type: ReDIF-Paper 1.0 Author-Name: Peter C.B. Phillips Author-X-Name-First: Peter C.B. Author-X-Name-Last: Phillips Author-Email: peter.phillips@yale.edu Author-Homepage: http://korora.econ.yale.edu/phillips/ Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Characteristic Functions and the Tail Behavior of Probability Distributions Abstract: The theory of Fourier transforms of generalized functions is used to extract general formulas for the tail behavior of a probability distribution from the behavior of its characteristic function in the locality of the origin. The theory is applied to develop asymptotic formula for the tails of the stable distributions. Note: CFP 622. Length: 10 pages Creation-Date: 1980 Number: 567 Publication-Status: Published in Canadian Journal of Economics (February 1985), 1: 58-65 File-URL: http://cowles.econ.yale.edu/P/cp/p06a/p0622.pdf File-Format: application/pdf File-Size: 306 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05b/d0567.pdf File-Format: application/pdf File-Size: 147 kb Handle: RePEc:cwl:cwldpp:567 Template-type: ReDIF-Paper 1.0 Author-Name: Mamoru Kaneko Author-X-Name-First: Mamoru Author-X-Name-Last: Kaneko Author-Workplace-Name: University of Tsukuba Title: A Necessary and Sufficient Condition for the Nonemptiness of the Cores of Partitioning Games Abstract: Let N be a finite set of players and let pi be a class of coalitions of N. We consider games with and without sidepayments such that only the coalitions in pi play essential roles but not the others. For an arbitrary pi, we get the class of all such games. The purpose of this note is to provide a necessary and sufficient condition with respect to pi for the nonemptiness of the cores of all games in the class. Length: 14 pages Creation-Date: 198011 Number: 566 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05b/d0566.pdf File-Format: application/pdf File-Size: 253 kb Handle: RePEc:cwl:cwldpp:566 Template-type: ReDIF-Paper 1.0 Author-Name: William D. Nordhaus Author-X-Name-First: William D. Author-X-Name-Last: Nordhaus Author-Email: william.nordhaus@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/nordhaus.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Thinking About Carbon Dioxide: Theoretical and Empirical Aspects of Optimal Control Strategies Abstract: The scientific and policy discussion about the CO2 problem can be divided into three different parts: (a) understanding the carbon cycle and climatic effects of CO2 elevation; (b) understanding the economic and social impacts of CO2 and estimating abatement strategies; and (c) weighing the costs and benefits in (a) and (b) to set appropriate policies. Up to now, almost all scientific work has gone into (a); a handful of papers discusses (b); but there have been no attempts to pursue (c), that is to weigh scientific and economic evidence so as to give guidance on national or global policies. The present study attempts to use the basic principles of growth economics to start a discussion of policy responses to the CO2 problem. Length: 70 pages Creation-Date: 198010 Number: 565 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05b/d0565.pdf File-Format: application/pdf File-Size: 1727 kb Handle: RePEc:cwl:cwldpp:565 Template-type: ReDIF-Paper 1.0 Author-Name: Ray C. Fair Author-X-Name-First: Ray C. Author-X-Name-Last: Fair Author-Email: ray.fair@yale.edu Author-Homepage: http://fairmodel.econ.yale.edu/ Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: John B. Taylor Author-X-Name-First: John B. Author-X-Name-Last: Taylor Title: Solution and Maximum Likelihood Estimation of Dynamic Nonlinear Rational Expectations Models Note: CFP 575. Length: 41 pages Creation-Date: 1980 Number: 564 Publication-Status: Published in Econometrica (July 1983), 51(4): 1169-1183 File-URL: http://cowles.econ.yale.edu/P/cp/p05b/p0575.pdf File-Format: application/pdf File-Size: 840 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05b/d0564.pdf File-Format: application/pdf File-Size: 942 kb Handle: RePEc:cwl:cwldpp:564 Template-type: ReDIF-Paper 1.0 Author-Name: Mamoru Kaneko Author-X-Name-First: Mamoru Author-X-Name-Last: Kaneko Author-Workplace-Name: University of Tsukuba Title: The Central Assignment Game and the Assignment Markets Abstract: Initially we prove the nonemptiness of the core of an n-person game without side payments called a central assignment game. Next, we provide a market model with indivisible goods but without the transferable utility assumption. Applying the first result to the market model, we prove the nonemptiness of the core and the existence of a competitive equilibrium. Finally, we provide a generalization of the market model and also show the nonemptiness of the core and the existence of a competitive equilibrium using the results in the previous model. Note: CFP 551. Length: 38 pages Creation-Date: 198010 Number: 563 Publication-Status: Published in Journal of Mathematical Economics (1982), 10: 205-232 File-URL: http://cowles.econ.yale.edu/P/cp/p05b/p0551.pdf File-Format: application/pdf File-Size: 956 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05b/d0563.pdf File-Format: application/pdf File-Size: 674 kb Handle: RePEc:cwl:cwldpp:563 Template-type: ReDIF-Paper 1.0 Author-Name: Peter C.B. Phillips Author-X-Name-First: Peter C.B. Author-X-Name-Last: Phillips Author-Email: peter.phillips@yale.edu Author-Homepage: http://korora.econ.yale.edu/phillips/ Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Best Uniform Approximation to Probability Densities in Econometrics Abstract: A new method of approximating the probability density function (pdf's) of econometric estimators and test statistics is developed. It is shown that best uniform approximants to a general class of pdf's exist in the form of rational functions. A procedure for extracting approximants is devised and is based on modifying multiple-point Pade approximants to the distribution. The new approximation technique is very general and should be widely applicable in mathematical statistics and econometrics. It has the advantage, unlike the Edgeworth and saddlepoint approximations, of readily incorporating extraneous information on the distribution, even qualitative information. The new procedure is applied to a simple simultaneous equation estimator and gives exceptionally accurate results even for tiny values of the concentration parameter. Note: CFP 557. Length: 65 pages Creation-Date: 198009 Number: 562 Publication-Status: Published in Werner Hildenbrand, ed., Advances in Econometrics, Cambridge University Press, 1982, pp. 123-167 File-URL: http://cowles.econ.yale.edu/P/cp/p05b/p0557.pdf File-Format: application/pdf File-Size: 1469 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05b/d0562.pdf File-Format: application/pdf File-Size: 1163 kb Handle: RePEc:cwl:cwldpp:562 Template-type: ReDIF-Paper 1.0 Author-Name: Peter C.B. Phillips Author-X-Name-First: Peter C.B. Author-X-Name-Last: Phillips Author-Email: peter.phillips@yale.edu Author-Homepage: http://korora.econ.yale.edu/phillips/ Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: The Characteristic Function of the F Distribution Abstract: Formulae that are given in the literature for the characteristic function of the F distribution are incorrect and imply that the distribution has finite moments of all orders. Correct formulae are derived and the asymptotic behavior of the characteristic function in the neighborhood of the origin is characterized. Note: CFP 560. Length: 8 pages Creation-Date: 198009 Number: 561 Publication-Status: Published in Biometrika (1982), 69: 261-264 File-URL: http://cowles.econ.yale.edu/P/cp/p05b/p0560.pdf File-Format: application/pdf File-Size: 154 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05b/d0561.pdf File-Format: application/pdf File-Size: 136 kb Handle: RePEc:cwl:cwldpp:561 Template-type: ReDIF-Paper 1.0 Author-Name: Peter C.B. Phillips Author-X-Name-First: Peter C.B. Author-X-Name-Last: Phillips Author-Email: peter.phillips@yale.edu Author-Homepage: http://korora.econ.yale.edu/phillips/ Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: On a Lemma of Amemiya Length: 6 pages Creation-Date: 1980 Number: 560 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05b/d0560.pdf File-Format: application/pdf File-Size: 115 kb Handle: RePEc:cwl:cwldpp:560 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Perfect or Robust Noncooperative Equilibrium: A Search for the Philosophers Stone? Note: CFP 537. Length: 39 pages Creation-Date: 198008 Number: 559 Publication-Status: Published in Essays in Game Theory and Mathematical Economics, in Honor of Oskar Morgenstern, Wissenschaftsverlag Bibliographisches Institut, Mannheim, Germany, 1981, pp. 153-180 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0537.pdf File-Format: application/pdf File-Size: 1071 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05b/d0559.pdf File-Format: application/pdf File-Size: 856 kb Handle: RePEc:cwl:cwldpp:559 Template-type: ReDIF-Paper 1.0 Author-Name: Sanford Grossman Author-X-Name-First: Sanford Author-X-Name-Last: Grossman Author-Name: Laurence Weiss Author-X-Name-First: Laurence Author-X-Name-Last: Weiss Title: Heterogeneous Information and the Theory of the Business Cycle Length: 29 pages Creation-Date: 198008 Number: 558 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05b/d0558.pdf File-Format: application/pdf File-Size: 597 kb Handle: RePEc:cwl:cwldpp:558 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Intergenerational Political Economy (A Game Theoretic Model of How to Glue the Generations Together) Length: 36 pages Creation-Date: 1980 Number: 557 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05b/d0557.pdf File-Format: application/pdf File-Size: 720 kb Handle: RePEc:cwl:cwldpp:557 Template-type: ReDIF-Paper 1.0 Author-Name: Gerald H. Kramer Author-X-Name-First: Gerald H. Author-X-Name-Last: Kramer Title: Extension of a Dynamical Model of Political Equilibrium Length: 27 pages Creation-Date: 198007 Number: 556 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05b/d0556.pdf File-Format: application/pdf File-Size: 492 kb Handle: RePEc:cwl:cwldpp:556 Template-type: ReDIF-Paper 1.0 Author-Name: William D. Nordhaus Author-X-Name-First: William D. Author-X-Name-Last: Nordhaus Author-Email: william.nordhaus@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/nordhaus.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Policy Responses to the Productivity Slowdown Length: 51 pages Creation-Date: 1980 Number: 555 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05b/d0555.pdf File-Format: application/pdf File-Size: 1140 kb Handle: RePEc:cwl:cwldpp:555 Template-type: ReDIF-Paper 1.0 Author-Name: Christophe Chamley Author-X-Name-First: Christopher Author-X-Name-Last: Chamley Title: Optimal Intertemporal Taxation and the Public Debt Abstract: The optimal taxation problem is analyzed in a general equilibrium model of optimal growth. The private sector is represented by a single competitive household endowed with perfect foresight, and an infinite life. This household maximizes an intertemporal stationary utility function. Public consumption is financed by taxes on consumption, labor income and capital income (or wealth), or by borrowing. Different policies (first-best and second-best), are analyzed for various subsets of instruments. The problem of the optimal level of the public debt is also considered. The general conclusion supports the relative efficiency of the consumption tax with respect to the other instruments. Length: 53 pages Creation-Date: 198004 Number: 554 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05b/d0554.pdf File-Format: application/pdf File-Size: 1005 kb Handle: RePEc:cwl:cwldpp:554 Template-type: ReDIF-Paper 1.0 Author-Name: Christophe Chamley Author-X-Name-First: Christophe Author-X-Name-Last: Chamley Title: The Welfare Cost of Capital Income Taxation in a Growing Economy Note: CFP 535. Length: 48 pages Creation-Date: 198004 Number: 553 Publication-Status: Published in Journal of Political Economy (1981), 89(3): 468-496 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0535.pdf File-Format: application/pdf File-Size: 1080 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05b/d0553.pdf File-Format: application/pdf File-Size: 796 kb Handle: RePEc:cwl:cwldpp:553 Template-type: ReDIF-Paper 1.0 Author-Name: R.W. Bailey Author-X-Name-First: R.W. Author-X-Name-Last: Bailey Author-Workplace-Name: University of Birmingham, England Author-Name: V.B. Hall Author-X-Name-First: V.B. Author-X-Name-Last: Hall Author-Workplace-Name: University of Sydney Author-Name: Peter C.B. Phillips Author-X-Name-First: Peter C.B. Author-X-Name-Last: Phillips Author-Email: peter.phillips@yale.edu Author-Homepage: http://korora.econ.yale.edu/phillips/ Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Model of Output, Employment, Capital Formation and Inflation Note: CFP 701. Length: 85 pages Creation-Date: 198005 Number: 552 Publication-Status: Published in G. Gandolfo and F. Marzano, eds., Keynesian Theory Planning Models and Quantitative Economics, Essay in Memory of Vittorio Marrama, Vol. 2, 1987, pp. 703-776 File-URL: http://cowles.econ.yale.edu/P/cp/p07a/p0701.pdf File-Format: application/pdf File-Size: 2485 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05b/d0552.pdf File-Format: application/pdf File-Size: 1822 kb Handle: RePEc:cwl:cwldpp:552 Template-type: ReDIF-Paper 1.0 Author-Name: Zvi A. Livne Author-X-Name-First: Zvi A. Author-X-Name-Last: Livne Title: Incentive Arbitration and Time-Related Bargaining Costs Abstract: In the context of the Nash Bargaining Problem an arbitrator is supposed to choose a solution point on the basis of 'fairness' requirements. By introducing time-related costs to the parties' utility functions, a new class of arbitration changes the rules of the negotiations, and particularly the parties' payoffs, and lets the parties negotiate. The changes are such that one or both parties are reimbursed by the arbitrator for their bargaining costs. A procedure in which only the party who makes the final concession is compensated, leads (in the case of complete information) to single dominating equilibrium strategies and to a unique solution. This solution can also serve as an arbitration point in the traditional sense. Length: 15 pages Creation-Date: 198102 Number: 551 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05b/d0551.pdf File-Format: application/pdf File-Size: 335 kb Handle: RePEc:cwl:cwldpp:551 Template-type: ReDIF-Paper 1.0 Author-Name: Zvi A. Livne Author-X-Name-First: Zvi A. Author-X-Name-Last: Livne Title: An Extension of the Nash Bargaining Problem: Introducing Time-Related Bargaining Costs Abstract: The Nash Bargaining is reformulated by introducing time-related costs into the von Neumann-Morgenstern utility functions of the parties. A set of mathematical requirements on the solution is satisfied uniquely by a function called the Extended Raiffa Solution. The properties of this function are investigated. It is shown to coincide with the Nash Cooperative Solution (of a related Bargaining Problem) when the parties have identical discount rates. An interpretation of the solution and of the formal requirements is detailed. In this model the 'bargaining power' of the parties is determined by the bargaining costs related to the duration of the negotiations. Length: 28 pages Creation-Date: 198102 Number: 550 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05b/d0550.pdf File-Format: application/pdf File-Size: 607 kb Handle: RePEc:cwl:cwldpp:550 Template-type: ReDIF-Paper 1.0 Author-Name: Ilan Adler Author-X-Name-First: Ilan Author-X-Name-Last: Adler Author-Name: Richard P. McLean Author-X-Name-First: Richard P. Author-X-Name-Last: McLean Author-Name: J. Scott Provan Author-X-Name-First: J. Scott Author-X-Name-Last: Provan Title: An Application of the Khachian-Shor Algorithm to a Class of Linear Complementary Problems Abstract: The recent ellipsoidal method for solving linear programs due to Khachian and Shor is shown to process linear complementarity problems with positive semidefinite matrix. Suitable modifications of all lemmas are presented and it is shown that the algorithm operates in polynomial time of the same order as that required for linear programming. Thus quadratic programming problems are solvable in polynomial time. Length: 12 pages Creation-Date: 1980 Number: 549 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0549.pdf File-Format: application/pdf File-Size: 629 kb Handle: RePEc:cwl:cwldpp:549 Template-type: ReDIF-Paper 1.0 Author-Name: David Backus Author-X-Name-First: David Author-X-Name-Last: Backus Author-Name: William C. Brainard Author-X-Name-First: William C. Author-X-Name-Last: Brainard Author-Email: william.brainard@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/brainard.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: Gary Smith Author-X-Name-First: Gary Author-X-Name-Last: Smith Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Title: A Model of U.S. Financial and Nonfinancial Economic Behavior Note: CFP 500. Length: 66 pages Creation-Date: 1980 Number: 548 Publication-Status: Published in Journal of Money, Credit, and Banking, (May 1980), 12(2): 259-293 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0500.pdf File-Format: application/pdf File-Size: 1528 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0548.pdf File-Format: application/pdf File-Size: 1394 kb Handle: RePEc:cwl:cwldpp:548 Template-type: ReDIF-Paper 1.0 Author-Name: Donald K. Richter Author-X-Name-First: Donald K. Author-X-Name-Last: Richter Title: Weakly Democratic Regular Tax Equilibria in a Local Public Goods Economy with Perfect Consumer Mobility Length: 42 pages Creation-Date: 1980 Number: 547 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0547.pdf File-Format: application/pdf File-Size: 865 kb Handle: RePEc:cwl:cwldpp:547 Template-type: ReDIF-Paper 1.0 Author-Name: Philip H. Dybvig Author-X-Name-First: Philip H. Author-X-Name-Last: Dybvig Author-Name: Gerald David Jaynes Author-X-Name-First: Gerald David Author-X-Name-Last: Jaynes Title: Output Supply, Employment, and Intra-Industry Wage Dispersion Length: 25 pages Creation-Date: 198003 Number: 546 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0546.pdf File-Format: application/pdf File-Size: 411 kb Handle: RePEc:cwl:cwldpp:546 Template-type: ReDIF-Paper 1.0 Author-Name: John E. Roemer Author-X-Name-First: John E. Author-X-Name-Last: Roemer Author-Email: john.roemer@yale.edu Author-Homepage: http://pantheon.yale.edu/~jer39/ Author-Workplace-Name: Dept. of Politican Science, Yale University Author-Workplace-Homepage: http://www.yale.edu/polisci/ Title: Inequality, Exploitation, Justice and Socialism: A Theoretical-Historical Approach Length: 50 pages Creation-Date: 198002 Number: 545 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0545.pdf File-Format: application/pdf File-Size: 1155 kb Handle: RePEc:cwl:cwldpp:545 Template-type: ReDIF-Paper 1.0 Author-Name: Roemer, John E. Roemer Author-Email: john.roemer@yale.edu Author-Homepage: http://pantheon.yale.edu/~jer39/ Author-Workplace-Name: Dept. of Politican Science, Yale University Author-Workplace-Homepage: http://www.yale.edu/polisci/ Author-Name: Roger Howe Author-X-Name-First: Roger Author-X-Name-Last: Howe Title: Rawlsian Justice as the Core of a Game Abstract: It is suggested that the ethical notion of social contract can be formally modeled using the well-studied concept of the core of a game. This provides a mathematical technique for studying social contracts and theories of justice. The idea is applied to Rawlsian justice here. Length: 23 pages Creation-Date: 198002 Number: 544 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0544.pdf File-Format: application/pdf File-Size: 470 kb Handle: RePEc:cwl:cwldpp:544 Template-type: ReDIF-Paper 1.0 Author-Name: John E. Roemer Author-Email: john.roemer@yale.edu Author-Homepage: http://pantheon.yale.edu/~jer39/ Author-Workplace-Name: Dept. of Politican Science, Yale University Author-Workplace-Homepage: http://www.yale.edu/polisci/ Title: Exploitation and Class: Part II, Capitalist Economy Length: 61 pages Creation-Date: 198002 Number: 543 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0543.pdf File-Format: application/pdf File-Size: 1117 kb Handle: RePEc:cwl:cwldpp:543 Template-type: ReDIF-Paper 1.0 Author-Name: Roger Howe Author-X-Name-First: Roger Author-X-Name-Last: Howe Title: Linear Complementarity and the Degree of Mappings Length: 45 pages Creation-Date: 198004 Number: 542 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0542.pdf File-Format: application/pdf File-Size: 819 kb Handle: RePEc:cwl:cwldpp:542 Template-type: ReDIF-Paper 1.0 Author-Name: Ray C. Fair Author-X-Name-First: Ray C. Author-X-Name-Last: Fair Author-Email: ray.fair@yale.edu Author-Homepage: http://fairmodel.econ.yale.edu/ Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Multicountry Econometric Model Length: 81 pages Creation-Date: 1979 Revision-Date: 1981 Number: 541R Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0541-r.pdf File-Format: application/pdf File-Size: 2019 kb Handle: RePEc:cwl:cwldpp:541R Template-type: ReDIF-Paper 1.0 Author-Name: Richard P. McLean Author-X-Name-First: Richard P. Author-X-Name-Last: McLean Author-Name: Thomas J. Muench Author-X-Name-First: Thomas J. Author-X-Name-Last: Muench Author-Workplace-Name: SUNY, Stony Brook Title: Some Relationships Between Discrete and Continuous Models of an Urban Economy Length: 39 pages Creation-Date: 197912 Number: 540 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0540.pdf File-Format: application/pdf File-Size: 681 kb Handle: RePEc:cwl:cwldpp:540 Template-type: ReDIF-Paper 1.0 Author-Name: Okitsugu Fujiwara Author-X-Name-First: Okitsugu Author-X-Name-Last: Fujiwara Title: Morse Programs Abstract: Spingarn and Rockafellar [13] showed in a program (Q_{v}^{u}) minimize {f(x) - u^{T}x subject to g(x) <= b + v} where f : R^{n} approaches R, g : R^{n} approaches R^{m}; f in C^{2}, g in C^{n}; u in R^{n}, v in R^{m}; n >= m; that at any local minimum point x of (Q_{v}^{u}) the Jacobian matrix of g at x has full rank, strict complementary slackness holds and the second order sufficiency conditions hold, for almost every matrix{u v} in R^{n} times R^{m} (Lebesgue measure). The purpose of this paper is to explicate the geometry underlying their work and to exploit this geometry in the generic analysis of constrained optimization problems. Namely we show that their work can be reduced to the study of minimizing a Morse function on a manifold with boundary. We follow a classical tradition of first studying an equality constrained program and then reducing inequality constrained programs to a finite family of equality constrained programs, through the device of active (or binding) constraints. Length: 40 pages Creation-Date: 197910 Number: 539 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0539.pdf File-Format: application/pdf File-Size: 640 kb Handle: RePEc:cwl:cwldpp:539 Template-type: ReDIF-Paper 1.0 Author-Name: Roger Howe Author-X-Name-First: Roger Author-X-Name-Last: Howe Title: On the Tendency Toward Convexity of the Vector Sum of Sets Length: 17 pages Creation-Date: 197911 Number: 538 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0538.pdf File-Format: application/pdf File-Size: 226 kb Handle: RePEc:cwl:cwldpp:538 Template-type: ReDIF-Paper 1.0 Author-Name: William R. Parke Author-X-Name-First: William R. Author-X-Name-Last: Parke Title: An Algorithm for FIML and 3SLS Estimation of Large Nonlinear Models Abstract: This paper presents a numerical algorithm for computing full information maximum likelihood (FIML) and nonlinear three-stage least squares (3SLS) coefficient estimates for large nonlinear macroeconomic models. The new algorithm, which is demonstrated by actually computing FIML and 3SLS coefficient estimates for two versions of the 97 equation Fair Model, is substantially more effective than other algorithms on FIML and 3SLS estimation problems. Length: 25 pages Creation-Date: 197910 Number: 537 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0537.pdf File-Format: application/pdf File-Size: 558 kb Handle: RePEc:cwl:cwldpp:537 Template-type: ReDIF-Paper 1.0 Author-Name: Kim Kowalewski Author-X-Name-First: Kim Author-X-Name-Last: Kowalewski Author-Name: Gary Smith Author-X-Name-First: Gary Author-X-Name-Last: Smith Title: The Spending Behavior of Wealth- and Liquidity-Constrained Consumers Length: 31 pages Creation-Date: 197908 Number: 536 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0536.pdf File-Format: application/pdf File-Size: 629 kb Handle: RePEc:cwl:cwldpp:536 Template-type: ReDIF-Paper 1.0 Author-Name: Gary Smith Author-X-Name-First: Gary Author-X-Name-Last: Smith Author-Name: William C. Brainard Author-X-Name-First: William C. Author-X-Name-Last: Brainard Author-Email: william.brainard@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/brainard.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Disequilibrium Models of Financial Institutions Note: CFP 561. Length: 43 pages Creation-Date: 197908 Number: 535 Publication-Status: Published in The Journal of Finance (December 1982), 37(5): 1277-1293 File-URL: http://cowles.econ.yale.edu/P/cp/p05b/p0561.pdf File-Format: application/pdf File-Size: 739 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0535.pdf File-Format: application/pdf File-Size: 910 kb Handle: RePEc:cwl:cwldpp:535 Template-type: ReDIF-Paper 1.0 Author-Name: William D. Nordhaus Author-X-Name-First: William D. Author-X-Name-Last: Nordhaus Author-Email: william.nordhaus@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/nordhaus.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: The Energy Crisis and Macroeconomic Policy Length: 13 pages Creation-Date: 197907 Number: 534 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0534.pdf File-Format: application/pdf File-Size: 301 kb Handle: RePEc:cwl:cwldpp:534 Template-type: ReDIF-Paper 1.0 Author-Name: William D. Nordhaus Author-X-Name-First: William D. Author-X-Name-Last: Nordhaus Author-Email: william.nordhaus@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/nordhaus.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Tax-Based Incomes Policies: A Better Mousetrap? Length: 25 pages Creation-Date: 197907 Number: 533 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0533.pdf File-Format: application/pdf File-Size: 559 kb Handle: RePEc:cwl:cwldpp:533 Template-type: ReDIF-Paper 1.0 Author-Name: William D. Nordhaus Author-X-Name-First: William D. Author-X-Name-Last: Nordhaus Author-Email: william.nordhaus@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/nordhaus.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: How Should We Revise Our Beliefs About Nuclear Power Safety After Three Mile Island? Abstract: In light of the accident at Three Mile Island, the paper presents a preliminary analysis of the compatibility between the analytical work of the Reactor Safety Study (Rasmussen Report) and actuarial experience. The technique is a "macroanalytic" approach rather than the "microanalytic" method of the Reactor Safety Study. The first question asked is how likely it is that an accident as severe as that at Three Mile Island would occur if the Reactor Safety Study is correct. Using the most likely estimates, it is concluded that the chances are 1 in 80 that such an accident would occur this soon, but given uncertainties about parameters it might range from 1 in 17 to 1 in 625. The second question addressed is how we should revise our estimates of the safety of nuclear power given the Three Mile Island experience. Using the technique of maximum likelihood, our best guess estimate of the risk of accidents causing at least one fatality rises from the Reactor Safety Study's 32 per million reactor years to about 2000 per million reactor years. Length: 15 pages Creation-Date: 197907 Number: 532 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0532.pdf File-Format: application/pdf File-Size: 392 kb Handle: RePEc:cwl:cwldpp:532 Template-type: ReDIF-Paper 1.0 Author-Name: Richard Engelbrecht-Wiggans Author-X-Name-First: Richard Author-X-Name-Last: Engelbrecht-Wiggans Author-Name: Robert J. Webber Author-X-Name-First: Robert J. Author-X-Name-Last: Webber Author-Workplace-Name: Northwestern University Title: Competitive Bidding and Proprietary Information Abstract: The auction of an object is considered, for the case in which one bidder is better-informed than the others concerning the actual value of the object. An equilibrium point solution of the competitive bidding game is determined; at this equilibrium, the expected revenue of the less-well-informed bidders is zero. The case of an object which can take only values from a discrete set is dealt with as the limit of auctions of continuously-valued objects. Note: CFP 576b. Length: 11 pages Creation-Date: 197908 Number: 531 Publication-Status: Published in Journal of Mathematical Economics (1983), 11: 161-169 File-URL: http://cowles.econ.yale.edu/P/cp/p05b/p0576b.pdf File-Format: application/pdf File-Size: 369 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0531.pdf File-Format: application/pdf File-Size: 216 kb Handle: RePEc:cwl:cwldpp:531 Template-type: ReDIF-Paper 1.0 Author-Name: Richard Engelbrecht-Wiggans Author-X-Name-First: Richard Author-X-Name-Last: Engelbrecht-Wiggans Author-Name: David R. Strip Author-X-Name-First: David R. Author-X-Name-Last: Strip Author-Workplace-Name: Sandia Laboratories, Albuquerque, NM Title: On the Relation of Various Reliability Measures to Each Other and to Game Theoretic Values Abstract: A variety of measures have recently been proposed for measuring the relative importance of individual components in the overall reliability of a system. Several of these seemingly different measures are very closely related under the conditions typically assumed in the reliability literature. The measures are also closely related to the probabilistic values of game theory; although the game theoretic literature predates the reliability literature by up to two decades, the similarities have apparently not been previously observed or exploited. Length: 16 pages Creation-Date: 197907 Number: 530 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0530.pdf File-Format: application/pdf File-Size: 278 kb Handle: RePEc:cwl:cwldpp:530 Template-type: ReDIF-Paper 1.0 Author-Name: David R. Strip Author-X-Name-First: David R. Author-X-Name-Last: Strip Author-Workplace-Name: Sandia Laboratories, Albuquerque, NM Author-Name: Richard Engelbrecht-Wiggans Author-X-Name-First: Richard Author-X-Name-Last: Engelbrecht-Wiggans Title: The Design of Distributed Service Systems Abstract: A variety of practical situations involve supplying a particular commodity by some locations to satisfy the demand at others. If the demands and the costs of producing varying amounts of commodity at each location are known, then the question is how much commodity should be supplied by each location in order to minimize the total system cost. Under some relatively general conditions, there will be an optimal solution with the property that the vector of amounts supplied by the various locations is one of a distinguished set of points. In the case of star networks, this combinatorial nature may be exploited to give a very efficient algorithm for finding an optimal solution. A numerical example illustrates the results. Length: 19 pages Creation-Date: 197907 Number: 529 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0529.pdf File-Format: application/pdf File-Size: 416 kb Handle: RePEc:cwl:cwldpp:529 Template-type: ReDIF-Paper 1.0 Author-Name: Laurence Weiss Author-X-Name-First: Laurence Author-X-Name-Last: Weiss Title: Information Aggregation and Policy Note: CFP 542. Length: 26 pages Creation-Date: 197907 Number: 528 Publication-Status: Published in Review of Economic Studies (1982), 49: 31-42 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0542.pdf File-Format: application/pdf File-Size: 575 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0528.pdf File-Format: application/pdf File-Size: 490 kb Handle: RePEc:cwl:cwldpp:528 Template-type: ReDIF-Paper 1.0 Author-Name: Yakar Kannai Author-X-Name-First: Yakar Author-X-Name-Last: Kannai Title: The ALEP Definition of Complementarity and Least Concave Utility Functions Abstract: The use of least concave utility functions describing a given concavifiable preference relation is suggested for determining the complementary vis-a-vis substitute nature of a pair of commodities. Note: CFP 515. Length: 5 pages Creation-Date: 197906 Number: 527 Publication-Status: Published in Journal of Economic Theory (February 1980), 22(1): 115-117 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0515.pdf File-Format: application/pdf File-Size: 141 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0527.pdf File-Format: application/pdf File-Size: 117 kb Handle: RePEc:cwl:cwldpp:527 Template-type: ReDIF-Paper 1.0 Author-Name: Herbert E. Scarf Author-X-Name-First: Herbert E. Author-X-Name-Last: Scarf Author-Email: herbert.scarf@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/scarf.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Production Sets with Indivisibilities: Generalities and the Case of Two Variables Note: CFP 516. Length: 108 pages Creation-Date: 197905 Number: 526 Publication-Status: Published in Econometrica (January 1981), 49(1): 1-32 and Econometrica (March 1981), 49(2): 395-423 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0516.pdf File-Format: application/pdf File-Size: 2144 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0526.pdf File-Format: application/pdf File-Size: 1592 kb Handle: RePEc:cwl:cwldpp:526 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: Matthew J. Sobel Author-X-Name-First: Matthew J. Author-X-Name-Last: Sobel Title: Stochastic Games, Oligopoly Theory and Competitive Resource Allocation Abstract: We define discrete time sequential games which are multiperson Markov decision processes. The extant theory is sketched and compared with our assessment of research needs in dynamic models of oligopoly and other competitive resource allocation problems. A special class of economic survival games is noted. Length: 18 pages Creation-Date: 1979 Number: 525 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0525.pdf File-Format: application/pdf File-Size: 404 kb Handle: RePEc:cwl:cwldpp:525 Template-type: ReDIF-Paper 1.0 Author-Name: Roger Howe Author-X-Name-First: Roger Author-X-Name-Last: Howe Title: Most Convex Functions are Smooth Length: 3 pages Creation-Date: 1979 Number: 524 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0524.pdf File-Format: application/pdf File-Size: 70 kb Handle: RePEc:cwl:cwldpp:524 Template-type: ReDIF-Paper 1.0 Author-Name: Engelbrecht-Wiggans Author-X-Name-First: Richard Author-X-Name-Last: Engelbrecht-Wiggans Author-Name: Robert J. Weber Author-X-Name-First: Robert J. Author-X-Name-Last: Weber Title: On the Non-Existence of Multiplicative Equilibrium Bidding Strategies Abstract: Extensive use has been made of multiplicative bidding strategies in the literature relating to auctions of mineral leases. It is shown that, generally, multiplicative strategies are not in equilibrium. It is also established that an equilibrium bidding strategy is not a function merely of a sufficient statistic for the true value, or of any other of a class of related statistics, if an individual bidder observes more than one piece of information. The general insufficiency of a single simple statistic is briefly discussed and a special class of models is identified in which a single statistic is indeed strategically sufficient. Length: 11 pages Creation-Date: 1979 Number: 523 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0523.pdf File-Format: application/pdf File-Size: 261 kb Handle: RePEc:cwl:cwldpp:523 Template-type: ReDIF-Paper 1.0 Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: Jorge B. de Macedo Author-X-Name-First: Jorge B. Author-X-Name-Last: de Macedo Title: The Short-Run Macroeconomics of Floating Exchange Rates: An Exposition Note: CFP 508. Length: 37 pages Creation-Date: 1979 Number: 522 Publication-Status: Published in John S. Chipman and Charles P. Kindelberger, eds., Flexible Exchange Rates and the Balance of Payments, North-Holland, 1980, pp. 5-28 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0508.pdf File-Format: application/pdf File-Size: 997 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0522.pdf File-Format: application/pdf File-Size: 784 kb Handle: RePEc:cwl:cwldpp:522 Template-type: ReDIF-Paper 1.0 Author-Name: Pradeep Dubey Author-X-Name-First: Pradeep Author-X-Name-Last: Dubey Author-Email: pradeepkdubey@yahoo.com Author-Workplace-Name: SUNY Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Strategic Market Game with Price and Quantity Strategies Note: CFP 510. Length: 14 pages Creation-Date: 1979 Number: 521 Publication-Status: Published in Zeitschrift fur Nationalokonomie (1980), 40(12): 25-34 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0510.pdf File-Format: application/pdf File-Size: 338 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0521.pdf File-Format: application/pdf File-Size: 261 kb Handle: RePEc:cwl:cwldpp:521 Template-type: ReDIF-Paper 1.0 Author-Name: Pradeep Dubey Author-X-Name-First: Pradeep Author-X-Name-Last: Dubey Author-Email: pradeepkdubey@yahoo.com Author-Workplace-Name: SUNY Title: Price-Quantity Strategic Market Games Note: CFP 536. Length: 21 pages Creation-Date: 1979 Number: 520 Publication-Status: Published in Econometrica (January 1982), 50(1): 111-126 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0536.pdf File-Format: application/pdf File-Size: 627 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0520.pdf File-Format: application/pdf File-Size: 331 kb Handle: RePEc:cwl:cwldpp:520 Template-type: ReDIF-Paper 1.0 Author-Name: Ray C. Fair Author-X-Name-First: Ray C. Author-X-Name-Last: Fair Author-Email: ray.fair@yale.edu Author-Homepage: http://fairmodel.econ.yale.edu/ Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: William R. Parke Author-X-Name-First: William R. Author-X-Name-Last: Parke Title: Full Information Estimates of a Nonlinear Macroeconometric Model Note: CFP 502. Length: 34 pages Creation-Date: 1979 Number: 519 Publication-Status: Published in Journal of Econometrics (1980), 13(3): 269-291 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0502.pdf File-Format: application/pdf File-Size: 999 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0519.pdf File-Format: application/pdf File-Size: 878 kb Handle: RePEc:cwl:cwldpp:519 Template-type: ReDIF-Paper 1.0 Author-Name: Yakar Kannai Author-X-Name-First: Yakar Author-X-Name-Last: Kannai Title: An Even More Elementary `Calculus' Proof of the Brouwer Fixed Point Theorem Length: 7 pages Creation-Date: 1979 Number: 518 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0518.pdf File-Format: application/pdf File-Size: 110 kb Handle: RePEc:cwl:cwldpp:518 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Cooperative Game Solutions: Australian, Indian and U.S. Opinions Abstract: As part of several lectures the audience in Australia, India and the U.S. were asked how the gain from an agreed upon cooperation should be divided among three individuals. The responses are considered in the context of various cooperative solutions which have been suggested in the theory of games. More questions are raised than answered. Note: CFP 640. Length: 19 pages Creation-Date: 1979 Number: 517 Publication-Status: Published in Journal of Conflict Resolution (March 1986), 30(1): 63-76 File-URL: http://cowles.econ.yale.edu/P/cp/p06a/p0640.pdf File-Format: application/pdf File-Size: 389 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0517.pdf File-Format: application/pdf File-Size: 324 kb Handle: RePEc:cwl:cwldpp:517 Template-type: ReDIF-Paper 1.0 Author-Name: Timothy J. Kehoe Author-X-Name-First: Timothy J. Author-X-Name-Last: Kehoe Title: An Index Theorem for General Equilibrium Models with Production Length: 35 pages Creation-Date: 1979 Number: 516 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0516.pdf File-Format: application/pdf File-Size: 669 kb Handle: RePEc:cwl:cwldpp:516 Template-type: ReDIF-Paper 1.0 Author-Name: Robert J. Weber Author-X-Name-First: Robert J. Author-X-Name-Last: Weber Title: Subjectivity in the Valuation of Games Note: CFP 493. Length: 8 pages Creation-Date: 1979 Number: 515 Publication-Status: Published in O. Moeschlin and D. Pallaschke, eds., Game Theory and Related Topics, North-Holland, 1979, pp. 129-136 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0493.pdf File-Format: application/pdf File-Size: 315 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0515.pdf File-Format: application/pdf File-Size: 273 kb Handle: RePEc:cwl:cwldpp:515 Template-type: ReDIF-Paper 1.0 Author-Name: Rolf R. Mantel Author-X-Name-First: Rolf R. Author-X-Name-Last: Mantel Title: Market Induced Welfare Optima Length: 20 pages Creation-Date: 1979 Number: 514 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0514.pdf File-Format: application/pdf File-Size: 437 kb Handle: RePEc:cwl:cwldpp:514 Template-type: ReDIF-Paper 1.0 Author-Name: Pradeep Dubey Author-X-Name-First: Pradeep Author-X-Name-Last: Dubey Author-Email: pradeepkdubey@yahoo.com Author-Workplace-Name: SUNY Author-Name: Abraham Neyman Author-X-Name-First: Abraham Author-X-Name-Last: Neyman Author-Name: Robert J. Weber Author-X-Name-First: Robert J. Author-X-Name-Last: Weber Title: Value Theory without Efficiency Note: CFP 528. Length: 15 pages Creation-Date: 1979 Number: 513 Publication-Status: Published in Mathematics of Operations Research (February 1981), 6(1): 122-128 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0528.pdf File-Format: application/pdf File-Size: 376 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0513.pdf File-Format: application/pdf File-Size: 278 kb Handle: RePEc:cwl:cwldpp:513 Template-type: ReDIF-Paper 1.0 Author-Name: Willem H. Buiter Author-X-Name-First: Willem H. Author-X-Name-Last: Buiter Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Fiscal and Monetary Policies, Capital Formation, and Economic Activity Note: CFP 523. Length: 107 pages Creation-Date: 1978 Number: 512 Publication-Status: Published in The Government and Capital Formation, Ballinger Publishing Co., 1980, pp. 73-151 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0523.pdf File-Format: application/pdf File-Size: 3891 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0512.pdf File-Format: application/pdf File-Size: 2589 kb Handle: RePEc:cwl:cwldpp:512 Template-type: ReDIF-Paper 1.0 Author-Name: Ray C. Fair Author-X-Name-First: Ray C. Author-X-Name-Last: Fair Author-Email: ray.fair@yale.edu Author-Homepage: http://fairmodel.econ.yale.edu/ Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: An Estimate of the Uncertainty of Policy Effects in a Macro-economic Model Length: 19 pages Creation-Date: 1978 Number: 511 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0511.pdf File-Format: application/pdf File-Size: 442 kb Handle: RePEc:cwl:cwldpp:511 Template-type: ReDIF-Paper 1.0 Author-Name: Pentti J.K. Kouri Author-X-Name-First: Pentti J.K. Author-X-Name-Last: Kouri Title: Balance of Payments and the Foreign Exchange Market: A Dynamic Partial Equilibrium Model Length: 70 pages Creation-Date: 1978 Number: 510 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0510.pdf File-Format: application/pdf File-Size: 1128 kb Handle: RePEc:cwl:cwldpp:510 Template-type: ReDIF-Paper 1.0 Author-Name: John Sutton Author-X-Name-First: John Author-X-Name-Last: Sutton Title: A Model of Stochastic Equilibrium in a Quasi-Competitive Industry Length: 46 pages Creation-Date: 1978 Number: 509 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0509.pdf File-Format: application/pdf File-Size: 913 kb Handle: RePEc:cwl:cwldpp:509 Template-type: ReDIF-Paper 1.0 Author-Name: Pradeep Dubey Author-X-Name-First: Pradeep Author-X-Name-Last: Dubey Author-Email: pradeepkdubey@yahoo.com Title: Finiteness and Inefficiency of Nash Equilibria Length: 22 pages Creation-Date: 1978 Number: 508R Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0508-r.pdf File-Format: application/pdf File-Size: 3203kb Handle: RePEc:cwl:cwldpp:508R Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: The Capital Stock Modified Competitive Equilibrium Length: 62 pages Creation-Date: 1978 Number: 507 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0507.pdf File-Format: application/pdf File-Size: 1222 kb Handle: RePEc:cwl:cwldpp:507 Template-type: ReDIF-Paper 1.0 Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Proposal for International Monetary Reform Note: CFP 495. Length: 16 pages Creation-Date: 1978 Number: 506 Publication-Status: Published in The Eastern Economic Journal (July- October 1978), 4(3-4): 153-159 July/1978-10 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0495.pdf File-Format: application/pdf File-Size: 451 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0506.pdf File-Format: application/pdf File-Size: 384 kb Handle: RePEc:cwl:cwldpp:506 Template-type: ReDIF-Paper 1.0 Author-Name: Tjalling C. Koopmans Author-X-Name-First: Tjalling C. Author-X-Name-Last: Koopmans Title: Economics among the Sciences Note: CFP 481. Length: 34 pages Creation-Date: 1978 Number: 505 Publication-Status: Published in American Economic Review (March 1979), 69(1): 1-13 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0481.pdf File-Format: application/pdf File-Size: 872 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0505.pdf File-Format: application/pdf File-Size: 669 kb Handle: RePEc:cwl:cwldpp:505 Template-type: ReDIF-Paper 1.0 Author-Name: Donald J. Brown Author-X-Name-First: Donald J. Author-X-Name-Last: Brown Author-Email: donald.brown@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/brown.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: Geoffrey M. Heal Author-X-Name-First: Geoffrey M. Author-X-Name-Last: Heal Title: Equity, Efficiency and Increasing Returns Note: CFP 519. Length: 35 pages Creation-Date: 1978 Number: 504 Publication-Status: Published in Review of Economic Studies (1979), 46(4)(145): 571-585 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0519.pdf File-Format: application/pdf File-Size: 602 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0504.pdf File-Format: application/pdf File-Size: 491 kb Handle: RePEc:cwl:cwldpp:504 Template-type: ReDIF-Paper 1.0 Author-Name: Steven Shavell Author-X-Name-First: Steven Author-X-Name-Last: Shavell Author-Name: Laurence Weiss Author-X-Name-First: Laurence Author-X-Name-Last: Weiss Title: The Optimal Payment of Unemployment Insurance Benefits over Time Length: 31 pages Creation-Date: 1978 Number: 503 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0503.pdf File-Format: application/pdf File-Size: 586 kb Handle: RePEc:cwl:cwldpp:503 Template-type: ReDIF-Paper 1.0 Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Title: Government Deficits and Capital Accumulation Note: CFP 534. Length: 30 pages Creation-Date: 1978 Number: 502 Publication-Status: Published in Contemporary Economic Activity, Vol. 2, 1980, pp. 23-46 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0534.pdf File-Format: application/pdf File-Size: 723 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0502.pdf File-Format: application/pdf File-Size: 620 kb Handle: RePEc:cwl:cwldpp:502 Template-type: ReDIF-Paper 1.0 Author-Name: Pradeep Dubey Author-X-Name-First: Pradeep Author-X-Name-Last: Dubey Author-Email: pradeepkdubey@yahoo.com Author-Workplace-Name: SUNY Title: Nash Equilibria of Market Games: II. Finiteness Note: CFP 506. Length: 10 pages Creation-Date: 1978 Number: 501 Publication-Status: Published in Journal of Economic Theory (April 1980), 22(2): 364-376 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0506.pdf File-Format: application/pdf File-Size: 406 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0501.pdf File-Format: application/pdf File-Size: 165 kb Handle: RePEc:cwl:cwldpp:501 Template-type: ReDIF-Paper 1.0 Author-Name: Richard Engelbrecht-Wiggans Author-X-Name-First: Richard Author-X-Name-Last: Engelbrecht-Wiggans Title: Bidding in Auctions with Multiplicative Lognormal Errors: An Example Length: 20 pages Creation-Date: 1979 Number: 500R Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d05a/d0500-r.pdf File-Format: application/pdf File-Size: 389 kb Handle: RePEc:cwl:cwldpp:500R Template-type: ReDIF-Paper 1.0 Author-Name: Laurence Weiss Author-X-Name-First: Laurence Author-X-Name-Last: Weiss Title: A Model of International Trade and Finance Note: CFP 520. Length: 22 pages Creation-Date: 1978 Number: 499 Publication-Status: Published in Quarterly Journal of Economics (September 1980), 95(4): 277-292 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0520.pdf File-Format: application/pdf File-Size: 678 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0499.pdf File-Format: application/pdf File-Size: 438 kb Handle: RePEc:cwl:cwldpp:499 Template-type: ReDIF-Paper 1.0 Author-Name: Robert J. Weber Author-X-Name-First: Robert J. Author-X-Name-Last: Weber Title: Comparison of Public Choice Systems Abstract: The area of social decision-making is one in which the disciplines of game theory, political science, and economics all meet. One of the simplest decisions to be faced is the election of one candidate from several. Various voting systems have been proposed for such elections. In order to compare these systems in terms of their tendency to elect a candidate representative of the voters' preferences, a measure of "effectiveness" has been developed. The study of the effectiveness of voting systems is continued in this paper. In particular, two families of voting systems are found to contain three- and four-candidate systems which are more effective than any previously discussed. Voting systems can be compared in terms of their effectiveness in representing the preferences of the voters. Several generalizations of the standard voting system (in which each voter casts a single vote) are considered, as in the Borda system (in which the candidates receive votes proportional to the ranks assigned them by the voters). For elections involving three or more candidates, it is found that the Borda voting system is markedly more effective than the standard system. For many-candidate elections, the Borda system is essentially as effective as any voting system can be. Length: 81 pages Creation-Date: 1978 Number: 498 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0498.pdf File-Format: application/pdf File-Size: 1842 kb Handle: RePEc:cwl:cwldpp:498 Template-type: ReDIF-Paper 1.0 Author-Name: Willem H. Buiter Author-X-Name-First: Willem Author-X-Name-Last: Buiter Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Debt Neutrality: A Brief Review of Doctrine and Evidence Note: CFP 505. Length: 40 pages Creation-Date: 1978 Number: 497 Publication-Status: Published in George M. Von Furstenberg, eds., Social Security versus Private Saving, Ballinger Publishing, 1979, pp. 39-63 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0505.pdf File-Format: application/pdf File-Size: 1228 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0497.pdf File-Format: application/pdf File-Size: 951 kb Handle: RePEc:cwl:cwldpp:497 Template-type: ReDIF-Paper 1.0 Author-Name: Richard Engelbrecht-Wiggans Author-X-Name-First: Richard Author-X-Name-Last: Engelbrecht-Wiggans Title: Auctions and Bidding Models: A Survey Abstract: Auctions and bidding models are attracting an ever increasing amount of attention. The Stark and Rothkopf (1977) bibliography includes approximately 500 papers on the subject; additional work has been reported since the bibliography was compiled. This paper presents a general framework for classifying and describing various auctions and bidding models, and surveys the major results of the literature in terms of this framework. Note: CFP 514. Length: 48 pages Creation-Date: 1979 Number: 496R Publication-Status: Published in Management Science (February 1980), 26(2): 119-142 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0514.pdf File-Format: application/pdf File-Size: 1631 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0496-r.pdf File-Format: application/pdf File-Size: 1295 kb Handle: RePEc:cwl:cwldpp:496R Template-type: ReDIF-Paper 1.0 Author-Name: Richard Engelbrecht-Wiggans Author-X-Name-First: Richard Author-X-Name-Last: Engelbrecht-Wiggans Title: A Model for the Distribution of the Number of Bidders in an Auction Abstract: The distribution of the number of bidders in auctions with uncertain numbers is usually assumed to be Poisson. The observed distribution, for example in OCS Federal Offshore Oil Lease Sales, is apparently not Poisson. A simple model is presented showing that if the objects have different values and individuals tend to only bid on objects with high value, then the resulting distribution of the number of bidders will not be Poisson. The results of the model correspond closely to data observed in Federal Offshore Oil lease auctions and the model is simple enough so that it may be of practical use to an individual participating in such an auction. Length: 13 pages Creation-Date: 1978 Number: 495 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0495.pdf File-Format: application/pdf File-Size: 268 kb Handle: RePEc:cwl:cwldpp:495 Template-type: ReDIF-Paper 1.0 Author-Name: Richard Engelbrecht-Wiggans Author-X-Name-First: Richard Author-X-Name-Last: Engelbrecht-Wiggans Title: An Example of a Multi-Object Auction Game Abstract: Multi-object auctions are traditionally analyzed as if they were a number of simultaneous independent single object auctions. Such an approximation may be very crude if bidders have budget restrictions, capacity constraints, or, in general, have non-linear utility functions. This paper presents a very simple multi-object auction for which explicit equilibrium strategies can be calculated; these equilibrium strategies have several qualitative characteristics arising from the multi-object nature of the example and therefore not present in typical single object auctions. Note: CFP 530. Length: 11 pages Creation-Date: 1978 Number: 494 Publication-Status: Published in Management Science (December 1979), 25(12): 1272-1277 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0530.pdf File-Format: application/pdf File-Size: 359 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0494.pdf File-Format: application/pdf File-Size: 241 kb Handle: RePEc:cwl:cwldpp:494 Template-type: ReDIF-Paper 1.0 Author-Name: David Backus Author-X-Name-First: David Author-X-Name-Last: Backus Author-Name: Douglas D. Purvis Author-X-Name-First: Douglas D. Author-X-Name-Last: Purvis Title: An Integrated Model of Household Flow-of-Funds Allocations Abstract: This paper extends the multivariate stock-adjustment model commonly used in empirical studies of portfolio behavior in order to analyze the complete set of flow allocation decisions made by households (including consumption, expenditures on durables and houses, and various financial aggregates). The model is then confronted with quarterly household sector data from the United States Flow of Funds Accounts for the period 1954 to 1975. Besides presenting OLS estimates, we test parameter restrictions suggested by our theoretical structure; the data supports the view that the explanatory power of the model is enhanced by allowing non-zero cross-effects on interest rates and lagged stocks, and by the integration of real and financial decisions. While these results are encouraging, the specification requires a large number of independent variables. This leads, in many cases, to rather poor determination of a number of coefficients. We therefore combine with the data some inexact subjective information about the coefficients, using the Theil-Goldberger mixed estimation technique. The OLS estimates and the mixed estimates are then compared by examining the forecasting accuracy of the model in- and out-of-sample. Overall the model performs very well, and the simulation results confirm that inclusion of prior information is of considerable value for forecasting purposes. Since the publication of William Brainard and James Tobin's pioneering paper, "Pitfalls in Financial Model Building," the multivariate stock-adjustment model has been widely used to study dynamic portfolio adjustment. The framework which they developed is especially useful for analyzing a given sector's allocation of a predetermined aggregate among competing alternatives; when dealing with the household sector most applications (including their own) have specified wealth as a predetermined aggregate which, in turn, was allocated to various assets and liabilities. The purpose of the present paper is to use an extended version of the Pitfalls model to examine in an integrated manner the household sector's allocation of income to financial and real expenditures for the United States from 1954 to the present. The plan of the paper is as follows. In Section I we outline our basic theoretical framework, explain its motivation, and relate our approach to other recent flow-of-funds models. Then in Section II we describe the data and present ordinary least squares estimates of the model; in addition, we test for the "asset composition effect" which is central to our particular extension of the Pitfalls model. In Section III we use Brainard and Gary Smith's adaptation of the Theil-Goldberger mixed estimation technique to combine subjective prior information about the coefficients with that embodied in the data. We further examine in Section IV both the model and the value of our a priori beliefs by performing in-sample and out-of-sample dynamic simulations. Finally, conclusions are drawn in Section V. Note: CFP 503. Length: 36 pages Creation-Date: 1978 Number: 493 Publication-Status: Published in Journal of Money, Credit, and Banking (May 1980), 12(2): 399-421 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0503.pdf File-Format: application/pdf File-Size: 809 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0493.pdf File-Format: application/pdf File-Size: 800 kb Handle: RePEc:cwl:cwldpp:493 Template-type: ReDIF-Paper 1.0 Author-Name: Ray C. Fair Author-X-Name-First: Ray C. Author-X-Name-Last: Fair Author-Email: ray.fair@yale.edu Author-Homepage: http://fairmodel.econ.yale.edu/ Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: An Analysis of the Accuracy of Four Macroeconometric Models Note: CFP 489. Length: 23 pages Creation-Date: 1978 Number: 492 Publication-Status: Published in Journal of Political Economy (1979), 87(4): 702-718 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0489.pdf File-Format: application/pdf File-Size: 747 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0492.pdf File-Format: application/pdf File-Size: 596 kb Handle: RePEc:cwl:cwldpp:492 Template-type: ReDIF-Paper 1.0 Author-Name: Laurence Weiss Author-X-Name-First: Laurence Author-X-Name-Last: Weiss Title: The Role for Active Monetary Policy in a Rational Expectations Model Note: CFP 498. Length: 21 pages Creation-Date: 1978 Number: 491 Publication-Status: Published in Journal of Political Economy (1980), 88(2): 221-233 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0498.pdf File-Format: application/pdf File-Size: 499 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0491.pdf File-Format: application/pdf File-Size: 433 kb Handle: RePEc:cwl:cwldpp:491 Template-type: ReDIF-Paper 1.0 Author-Name: Pentti J.K. Kouri Author-X-Name-First: Pentti J.K. Author-X-Name-Last: Kouri Title: Profitability and Growth in a Small Open Economy Note: CFP 491. Length: 21 pages Creation-Date: 1978 Number: 490 Publication-Status: Published in Assar Lindbeck, ed., Inflation and Employment in Open Economies, North-Holland, 1979, pp. 129-142 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0491.pdf File-Format: application/pdf File-Size: 478 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0490.pdf File-Format: application/pdf File-Size: 395 kb Handle: RePEc:cwl:cwldpp:490 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: Robert J. Weber Author-X-Name-First: Robert J. Author-X-Name-Last: Weber Title: Systems Defense Games: Colonel Blotto, Command and Control Note: CFP 521. Length: 23 pages Creation-Date: 1978 Number: 489 Publication-Status: Published in Naval Research Logistics Quarterly (1981), 28(2): 281-287 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0521.pdf File-Format: application/pdf File-Size: 323 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0489.pdf File-Format: application/pdf File-Size: 436 kb Handle: RePEc:cwl:cwldpp:489 Template-type: ReDIF-Paper 1.0 Author-Name: Pentti J.K. Kouri Author-X-Name-First: Pentti J.K. Author-X-Name-Last: Kouri Author-Name: Jorge B. de Macedo Author-X-Name-First: Jorge B. Author-X-Name-Last: de Macedo Title: Exchange Rates and the International Adjustment Process Note: No page 26. See CFP 464. Length: 57 pages Creation-Date: 1978 Number: 488 Publication-Status: Published in Brookings Papers on Economic Activity (1978), 1: 111-157 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0464.pdf File-Format: application/pdf File-Size: 2037 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0488.pdf File-Format: application/pdf File-Size: 1307 kb Handle: RePEc:cwl:cwldpp:488 Template-type: ReDIF-Paper 1.0 Author-Name: Peter C.B. Phillips Author-X-Name-First: Peter C.B. Author-X-Name-Last: Phillips Author-Email: peter.phillips@yale.edu Author-Homepage: http://korora.econ.yale.edu/phillips.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Note on the Saddlepoint Approximation in the First Order Non-Circular Autoregression Abstract: In approximating the small sample distribution of the least squares estimator of the coefficient in a non-circular autoregression the saddlepoint method is complicated by the presence of a branch point of the integrand within the natural contour of integration. Some new approximations are given based on a contour looping around the branch point; and a uniform approximation which is valid as the saddlepoint crosses branch point is also developed. Length: 14 pages Creation-Date: 1978 Number: 487 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0487.pdf File-Format: application/pdf File-Size: 247 kb Handle: RePEc:cwl:cwldpp:487 Template-type: ReDIF-Paper 1.0 Author-Name: Tjalling C. Koopmans Author-X-Name-First: Tjalling C. Author-X-Name-Last: Koopmans Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: The Transition from Exhaustible to Renewable or Inexhaustible Resources Note: CFP 533. Length: 16 pages Creation-Date: 1978 Number: 486 Publication-Status: Published in Reprinted with permission from Economic Growth and Resources, St. Martins Press, 1981, pp. 3-11 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0533.pdf File-Format: application/pdf File-Size: 461 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0486.pdf File-Format: application/pdf File-Size: 404 kb Handle: RePEc:cwl:cwldpp:486 Template-type: ReDIF-Paper 1.0 Author-Name: Julian H. Blau Author-X-Name-First: Julian H. Author-X-Name-Last: Blau Author-Name: Donald J. Brown Author-X-Name-First: Donald J. Author-X-Name-Last: Brown Author-Email: donald.brown@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/brown.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: The Structure of Neutral Monotonic Social Functions Abstract: In [6], Guha gave a complete characterization of path independent social decision functions which satisfy the independence of irrelevant alternatives condition, the strong Pareto principle, and UII, i.e., unanimous indifference implies social indifference. These conditions necessarily imply that a path independent social decision function is neutral and monotonic. In this paper, we extend Guha's characterization to the class of neutral monotonic social functions. We show that neutral monotonic social functions and their specializations to social decision functions, path independent social decision functions, and social welfare functions can be uniquely represented as a collection of overlapping simple games, each of which is defined on a nonempty set of concerned individuals. Moreover, each simple game satisfies intersection conditions depending on the number of social alternatives; the number of individuals belonging to the concerned set under consideration; and the collective rationality assumption. We also provide a characterization of neutral, monotonic and anonymous social decision functions, where the number of individuals in society exceeds the (finite) number of social alternatives, that generalizes both the representation theorem of May [10] and the representation theorems of Ferejohn and Grether [5]. Length: 22 pages Creation-Date: 1978 Number: 485 Publication-Status: Published in Social Choice and Welfare (1989), 6(1): 51-61 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0485.pdf File-Format: application/pdf File-Size: 436 kb Handle: RePEc:cwl:cwldpp:485 Template-type: ReDIF-Paper 1.0 Author-Name: Pradeep Dubey Author-X-Name-First: Pradeep Author-X-Name-Last: Dubey Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: On 'On the Foundations of the Theory of Monopolistic Competition' Length: 15 pages Creation-Date: 1978 Number: 484 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0484.pdf File-Format: application/pdf File-Size: 304 kb Handle: RePEc:cwl:cwldpp:484 Template-type: ReDIF-Paper 1.0 Author-Name: Pradeep Dubey Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions. Part 37. The Profit Maximizing Firm: Managers and Stockholders Length: 23 pages Creation-Date: 1978 Number: 483 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0483.pdf File-Format: application/pdf File-Size: 424 kb Handle: RePEc:cwl:cwldpp:483 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: Robert J. Weber Author-X-Name-First: Robert J. Author-X-Name-Last: Weber Title: Competitive Valuation of Cooperative Games Length: 20 pages Creation-Date: 1978 Number: 482 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0482.pdf File-Format: application/pdf File-Size: 440 kb Handle: RePEc:cwl:cwldpp:482 Template-type: ReDIF-Paper 1.0 Author-Name: Donald J. Brown Author-X-Name-First: Donald J. Author-X-Name-Last: Brown Author-Email: donald.brown@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/brown.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: Lucinda M. Lewis Author-X-Name-First: Lucinda M. Author-X-Name-Last: Lewis Title: Myopic Economic Agents Abstract: An economic agent is said to be weakly myopic if he prefers a time-contingent consumption plan x bar to a time-contingent consumption plany bar, then he prefers x bar x to y bar augmented by any stationary consumption plan which begins sufficiently far in the future. An economic agent is said to be monotonically myopic if when he prefers a state-contingent consumption plan x bar to a state-contingent consumption plan y bar, then he prefers any sufficiently large finite truncation of y bar. A topology on the space of time (state)-contingent consumption plans is said to be weakly (monotonically) myopic if every complete preference relation which is continuous in this topology is weakly (monotonically) myopic. A characterization of weakly (monotonically) myopic Hausdorff locally convex linear topologies and their dual spaces is given. Note: CFP 525. Length: 25 pages Creation-Date: 1978 Number: 481 Publication-Status: Published in Econometrica (March 1981), 49(2): 359-368 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0525.pdf File-Format: application/pdf File-Size: 519 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0481.pdf File-Format: application/pdf File-Size: 515 kb Handle: RePEc:cwl:cwldpp:481 Template-type: ReDIF-Paper 1.0 Author-Name: Ray C. Fair Author-X-Name-First: Ray C. Author-X-Name-Last: Fair Author-Email: ray.fair@yale.edu Author-Homepage: http://fairmodel.econ.yale.edu/ Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Estimating the Expected Predictive Accuracy of Econometric Models Note: CFP 507. Length: 41 pages Creation-Date: 1978 Number: 480 Publication-Status: Published in International Economic Review (June 1980), 21(2): 356-378 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0507.pdf File-Format: application/pdf File-Size: 1205 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0480.pdf File-Format: application/pdf File-Size: 1110 kb Handle: RePEc:cwl:cwldpp:480 Template-type: ReDIF-Paper 1.0 Author-Name: Alvin K. Klevorick Author-X-Name-First: Alvin K. Author-X-Name-Last: Klevorick Author-Email: alvin.klevorick@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/klevorick.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: Michael Rothschild Author-X-Name-First: Michael Author-X-Name-Last: Rothschild Title: A Model of the Jury Decision Process Note: CFP 480. Length: 38 pages Creation-Date: 1978 Number: 479 Publication-Status: Published in The Journal of Legal Studies (January 1979), 8: 141-164 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0480.pdf File-Format: application/pdf File-Size: 1055 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0479.pdf File-Format: application/pdf File-Size: 848 kb Handle: RePEc:cwl:cwldpp:479 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: H.P. Young Author-X-Name-First: H.P. Author-X-Name-Last: Young Title: The Nucleolus as a Noncooperative Game Solution Length: 15 pages Creation-Date: 1978 Number: 478 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0478.pdf File-Format: application/pdf File-Size: 329 kb Handle: RePEc:cwl:cwldpp:478 Template-type: ReDIF-Paper 1.0 Author-Name: Daniel McFadden Author-X-Name-First: Daniel Author-X-Name-Last: McFadden Title: Modelling the Choice of Residential Location Length: 33 pages Creation-Date: 1977 Number: 477 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0477.pdf File-Format: application/pdf File-Size: 715 kb Handle: RePEc:cwl:cwldpp:477 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Game Theory Models and Methods in Political Economy Length: 64 pages Creation-Date: 1977 Number: 476 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0476.pdf File-Format: application/pdf File-Size: 1460 kb Handle: RePEc:cwl:cwldpp:476 Template-type: ReDIF-Paper 1.0 Author-Name: Pradeep Dubey Author-X-Name-First: Pradeep Author-X-Name-Last: Dubey Author-Email: pradeepkdubey@yahoo.com Author-Workplace-Name: SUNY Title: Nash Equilibria of Market Games: I. Existence and Convergence Note: CFP 506. Length: 29 pages Creation-Date: 1977 Number: 475 Publication-Status: Published in Journal of Economic Theory (April 1980), 22(2): 364-376 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0506.pdf File-Format: application/pdf File-Size: 406 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0475.pdf File-Format: application/pdf File-Size: 401 kb Handle: RePEc:cwl:cwldpp:475 Template-type: ReDIF-Paper 1.0 Author-Name: Daniel McFadden Author-X-Name-First: Daniel Author-X-Name-Last: McFadden Title: Quantitative Methods for Analyzing Travel Behaviour of Individuals: Some Recent Developments Abstract: This paper is concerned with quantitative methods for the analysis of travel behaviour of individuals. It reviews some of the recent developments in model specification, estimation, model evaluation and testing, and aggregation and forecasting. Topics in model specification include the multinomial probit model and its computation, and generalized extreme value models and their relation to sequential models. Topics in estimation methods include the use of choice-based samples, sample designs, and incomplete choice sets. Model evaluation topics include prediction success tables and diagnostic tests of specification. Aggregation and forecasting topics include aggregation by the Clark method, synthesis of the distribution of explanatory variables, and the calculus of demand elasticities. Length: 47 pages Creation-Date: 1977 Number: 474 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0474.pdf File-Format: application/pdf File-Size: 1392 kb Handle: RePEc:cwl:cwldpp:474 Template-type: ReDIF-Paper 1.0 Author-Name: Herbert E. Scarf Author-X-Name-First: Herbert E. Author-X-Name-Last: Scarf Author-Email: herbert.scarf@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/scarf.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: The Computation of Equilibrium Prices: An Exposition Note: No page 8; CFP 541. Length: 83 pages Creation-Date: 1977 Number: 473 Publication-Status: Published in Handbook of Mathematical Economics, Vol. 11, North-Holland, 1982, pp. 1007-1061 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0541.pdf File-Format: application/pdf File-Size: 1823 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0473.pdf File-Format: application/pdf File-Size: 1460 kb Handle: RePEc:cwl:cwldpp:473 Template-type: ReDIF-Paper 1.0 Author-Name: Weiss, Laurence Weiss Author-X-Name-First: Laurence Author-X-Name-Last: Weiss Title: The Effects of Money Supply on Economic Welfare Note: CFP 512. Length: 22 pages Creation-Date: 1978 Number: 472R Publication-Status: Published in Econometrica (April 1980), 48(3): 565-576 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0512.pdf File-Format: application/pdf File-Size: 541 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0472-r.pdf File-Format: application/pdf File-Size: 424 kb Handle: RePEc:cwl:cwldpp:472R Template-type: ReDIF-Paper 1.0 Author-Name: Robert J. Weber Author-X-Name-First: Robert J. Author-X-Name-Last: Weber Title: Probabilistic Values for Games Length: 33 pages Creation-Date: 1977 Number: 471R Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0471-r.pdf File-Format: application/pdf File-Size: 619 kb Handle: RePEc:cwl:cwldpp:471R Template-type: ReDIF-Paper 1.0 Author-Name: Pradeep Dubey Author-X-Name-First: Pradeep Author-X-Name-Last: Dubey Author-Name: Robert J. Weber Author-X-Name-First: Robert J. Author-X-Name-Last: Weber Title: Probabilistic Values for Games Length: 50 pages Note: No page 48 Creation-Date: 1977 Number: 471 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0471.pdf File-Format: application/pdf File-Size: 942 kb Handle: RePEc:cwl:cwldpp:471 Template-type: ReDIF-Paper 1.0 Author-Name: Richard Englebrecht-Wiggans Author-X-Name-First: Richard Author-X-Name-Last: Engelbrecht-Wiggans Title: Sealed Bid Auctions with Non-Additive Bid Functions Abstract: A traditional sealed bid auction of a single item sells the item at the high bid price to a bidder with the highest bid. Such an auction may be used to auction several items; each bidder submits a bid on each item and each item is sold to a high bidder on that item. Implicit in this traditional scheme is the assumption that the bid for a set of items is the sum of the bids on the individual items: there are instances where this restriction appears unreasonable. This paper considers a more general sealed bid auction in which bids are submitted on all possible subsets of the items. The items are partitioned among the bidders to maximize revenue, where each bidder are partitioned among the bidders to maximize revenue, where each bidder pays what was bid on the set of items actually received. In general, the set partitioning problem is an extremely difficult integer programming problem, and there are two alternatives. The "greedy" and "sequential auction" heuristics are shown to result, at least for some examples, in very sub-optimal solutions. However, a class of slightly less general auction problems is presented for which optimal solutions may be calculated relatively easily; suggesting that some form of general sealed bid auctions may be appropriate in some situations. Length: 20 pages Creation-Date: 1977 Number: 470 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0470.pdf File-Format: application/pdf File-Size: 502 kb Handle: RePEc:cwl:cwldpp:470 Template-type: ReDIF-Paper 1.0 Author-Name: Richard Engelbrecht-Wiggans Author-X-Name-First: Richard Author-X-Name-Last: Engelbrecht-Wiggans Title: The Greedy Heuristic Applied to a Class of Set Partitioning and Subset Selection Problems Abstract: The greedy heuristic may be used to obtain approximate solutions to integer programming problems. For some classes of problems, notably knapsack problems related to the coin changing problem, the greedy heuristic results in optimal solutions. However, the greedy heuristic does quite poorly at maximizing submodular set functions. This paper considers a class of set partitioning and subset selection problems. Results similar to those for maximizing submodular set functions are obtained for less restricted objective functions. The example used to show how poorly the heuristic does is motivated by a problem arising from an actual auction; the negative results are not mere mathematical pathologies but genuine shortcomings of the greedy heuristic. The greedy heuristic is quite successful at solving a class of knapsack problems related to the coin changing problem. Chang and Korsh [2], Hu and Lenard [5], Johnson and Kernighan [7], and Magazine, Nemhauser, and Trotter [8] show that the greedy heuristic results in optimal solutions for such problems. Problems of optimal subset selection have been studied by Boyce, Farhi, and Weischedel [1], indicating the need for a simply heuristic for obtaining approximate solutions. Fisher, Nemhauser, and Wolsey [4, 9, 10] have shown that the greedy heuristic may result in a solution for problems of maximizing submodular set functions with a value which is a relatively small fraction of the optimum. This paper derives similar results for a wider class of set partitioning and subset selection problems. The problem is formulated in the first section of the paper. Although the motivating problem results in a set partitioning problem, the results of the later sections apply as well to a wider class of subset selection problems. The more general problem statement is given as problem II; however, most of the discussion uses examples from the more restrictive problem I. The second section considers various possible restrictions to be placed on the objective function. The conditions may be stated in terms of either of the problem statements; the two forms of the conditions are shown to be essentially equivalent. Included among the possibilities are submodular set functions and several alternatives which are relaxations of submodularity. The relative generality of the various possibilities is illustrated by a couple of simple examples. The next two sections contain the main results of the paper. Objective functions which are "normal," "monotonic," and "discounted" are considered first. For such cases, the greedy heuristic solution is shown to have a value of at least 1/m of the optimal value, where m is the cardinality of the largest feasible subsets. The third section concludes by presenting a class of examples for which the greedy solution value is arbitrarily little more than the bound established above. Similar bounds may be obtained if the "discounted" condition is replaced by "variably discountedness," although now the bounds must be functions of the variable discounting functions. Again, a lower bound is derived for the greedy solution value. The section concludes by presenting a class of examples for which the greedy solution value is arbitrarily little more than this bound. The last section is an attempt to reassure the reader that the above results are not simply pathological cases. An actual real estate auction [6] is briefly described. This real world problem is used to motivate bidding functions (of two hypothetical bidders) similar to those used to establish the tightness of the bound in sections three and four. This discussion suggests that the results are not mere mathematical pathologies and that, from many a practical viewpoint, the greed heuristic is not a satisfactory algorithm for obtaining optimal solutions to set partitioning and subset selection problems. Length: 16 pages Creation-Date: 1977 Number: 469 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0469.pdf File-Format: application/pdf File-Size: 359 kb Handle: RePEc:cwl:cwldpp:469 Template-type: ReDIF-Paper 1.0 Author-Name: Gary Smith Author-X-Name-First: Gary Author-X-Name-Last: Smith Title: The Long Run Implications of an IS-LM Simulation Model Length: 22 pages Creation-Date: 1977 Number: 468 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0468.pdf File-Format: application/pdf File-Size: 446 kb Handle: RePEc:cwl:cwldpp:468 Template-type: ReDIF-Paper 1.0 Author-Name: Pradeep Dubey Author-X-Name-First: Pradeep Author-X-Name-Last: Dubey Author-Email: pradeepkdubey@yahoo.com Author-Workplace-Name: SUNY Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Information Conditions, Communication and General Equilibrium Note: CFP 526. Length: 27 pages Creation-Date: 1977 Number: 467 Publication-Status: Published in Mathematics of Operations Research (May 1981), 6(2): 186-189 File-URL: http://cowles.econ.yale.edu/P/cp/p05a/p0526.pdf File-Format: application/pdf File-Size: 222 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0467.pdf File-Format: application/pdf File-Size: 519 kb Handle: RePEc:cwl:cwldpp:467 Template-type: ReDIF-Paper 1.0 Author-Name: Gary Smith Author-X-Name-First: Gary Author-X-Name-Last: Smith Title: The Long Run Implications of a Two Sector Model with Immobile Capital Length: 24 pages Creation-Date: 1977 Number: 466 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0466.pdf File-Format: application/pdf File-Size: 361 kb Handle: RePEc:cwl:cwldpp:466 Template-type: ReDIF-Paper 1.0 Author-Name: Ray C. Fair Author-X-Name-First: Ray C. Author-X-Name-Last: Fair Author-Email: ray.fair@yale.edu Author-Homepage: http://fairmodel.econ.yale.edu/ Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: On Modeling the Economic Linkages among Countries Note: CFP 478. Length: 49 pages Creation-Date: 1977 Number: 465 Publication-Status: Published in R. Dornbusch and J.A. Frenkel, eds., International Economic Policy: Theory and Evidence, The Johns Hopkins University Press, 1979, pp. 209-245 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0478.pdf File-Format: application/pdf File-Size: 1641 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0465.pdf File-Format: application/pdf File-Size: 1144 kb Handle: RePEc:cwl:cwldpp:465 Template-type: ReDIF-Paper 1.0 Author-Name: Gary Smith Author-X-Name-First: Gary Author-X-Name-Last: Smith Title: The Long Run Consequences of Monetary and Fiscal Policies When the Governments Budget Is Not Balanced Note: CFP 479. Length: 21 pages Creation-Date: 1977 Number: 464 Publication-Status: Published in Journal of Public Economics (1979), 11(1): 59-79 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0479.pdf File-Format: application/pdf File-Size: 655 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0464.pdf File-Format: application/pdf File-Size: 312 kb Handle: RePEc:cwl:cwldpp:464 Template-type: ReDIF-Paper 1.0 Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Deficit Spending and Crowding Out in Shorter and Longer Runs Note: CFP 486. Length: 32 pages Creation-Date: 1977 Number: 463 Publication-Status: Published in Theory for Economic Efficiency: Essays in Honor of Abba P. Lerner, MIT Press, 1979, pp. 217-236 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0486.pdf File-Format: application/pdf File-Size: 705 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0463.pdf File-Format: application/pdf File-Size: 575 kb Handle: RePEc:cwl:cwldpp:463 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions Length: 34 pages Creation-Date: 1977 Number: 462 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0462.pdf File-Format: application/pdf File-Size: 828 kb Handle: RePEc:cwl:cwldpp:462 Template-type: ReDIF-Paper 1.0 Author-Name: Gary Smith Author-X-Name-First: Gary Author-X-Name-Last: Smith Title: Equilibrium and Disequilibrium Interpretations of the IS-LM Model Abstract: There is a considerable tension in neo-Keynesian macroeconomics as to whether the familiar IS-LM analysis should be interpreted as a description of equilibrium or disequilibrium. The present paper shows how the IS-LM model can be used for either purpose. The first section provides the preliminaries for the model of disequilibrium behavior that I will use. The second section lays out the sectoral notional and effective demands. The third section gives the equilibrium solution while the fourth and fifth sections give excess supply and excess demand solutions respectively. Length: 32 pages Creation-Date: 1977 Number: 461 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0461.pdf File-Format: application/pdf File-Size: 531 kb Handle: RePEc:cwl:cwldpp:461 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Strategic Market Games: A Sketch of an Approach to the Theory of Money and Financial Institutions. Together with an Informal Guide to Some Papers Length: 64 pages Creation-Date: 1977 Number: 460R Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0460-r.pdf File-Format: application/pdf File-Size: 1489 kb Handle: RePEc:cwl:cwldpp:460R Template-type: ReDIF-Paper 1.0 Author-Name: Ray C. Fair Author-X-Name-First: Ray C. Author-X-Name-Last: Fair Author-Email: ray.fair@yale.edu Author-Homepage: http://fairmodel.econ.yale.edu/ Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: An Analysis of a Macroeconometric Model with Rational Expectationsin the Bond and Stock Markets Note: CFP 490. Length: 27 pages Creation-Date: 1977 Number: 459 Publication-Status: Published in American Economic Review (September 1979), 69(4): 539-552 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0490.pdf File-Format: application/pdf File-Size: 932 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0459.pdf File-Format: application/pdf File-Size: 718 kb Handle: RePEc:cwl:cwldpp:459 Template-type: ReDIF-Paper 1.0 Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Title: How Dead is Keynes? Note: CFP 456. Length: 17 pages Creation-Date: 1977 Number: 458 Publication-Status: Published in Economic Inquiry (October 1977), 15(4): 459-468 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0456.pdf File-Format: application/pdf File-Size: 522 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0458.pdf File-Format: application/pdf File-Size: 416 kb Handle: RePEc:cwl:cwldpp:458 Template-type: ReDIF-Paper 1.0 Author-Name: William D. Nordhaus Author-X-Name-First: William D. Author-X-Name-Last: Nordhaus Author-Email: william.nordhaus@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/nordhaus.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: Ludo Van der Heyden Author-X-Name-First: Ludo Author-X-Name-Last: Van der Heyden Title: Modeling Technological Change: Use of Mathematical Programming Models in the Energy Sector Length: 56 pages Creation-Date: 1977 Number: 457 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0457.pdf File-Format: application/pdf File-Size: 1003 kb Handle: RePEc:cwl:cwldpp:457 Template-type: ReDIF-Paper 1.0 Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Title: Monetary Policies and the Economy -- The Transmission Mechanism Note: CFP 462. Length: 21 pages Creation-Date: 1977 Number: 456 Publication-Status: Published in Southern Economic Journal (January 1978), 44(3): 422-431 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0462.pdf File-Format: application/pdf File-Size: 646 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0456.pdf File-Format: application/pdf File-Size: 458 kb Handle: RePEc:cwl:cwldpp:456 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions. Part 22. A Price-Quantity Buy-Sell Market with and without Contingent Bids Length: 10 pages Creation-Date: 1977 Number: 455 Price: None Handle: RePEc:cwl:cwldpp:455 Template-type: ReDIF-Paper 1.0 Author-Name: Pradeep Dubey Author-X-Name-First: Pradeep Author-X-Name-Last: Dubey Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: 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) Length: 60 pages Creation-Date: 1977 Number: 454 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0454.pdf File-Format: application/pdf File-Size: 1064 kb Handle: RePEc:cwl:cwldpp:454 Template-type: ReDIF-Paper 1.0 Author-Name: Herbert E. Scarf Author-X-Name-First: Herbert E. Author-X-Name-Last: Scarf Author-Email: herbert.scarf@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/scarf.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: An Observation on the Structure of Production Sets with Indivisibilities Note: CFP 454. Length: 19 pages Creation-Date: 1977 Number: 453 Publication-Status: Published in Proceedings of the National Academy of Sciences (September 1977), 74(9): 3637-3641 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0454.pdf File-Format: application/pdf File-Size: 384 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0453.pdf File-Format: application/pdf File-Size: 349 kb Handle: RePEc:cwl:cwldpp:453 Template-type: ReDIF-Paper 1.0 Author-Name: Ray C. Fair Author-X-Name-First: Ray C. Author-X-Name-Last: Fair Author-Email: ray.fair@yale.edu Author-Homepage: http://fairmodel.econ.yale.edu/ Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Policy Effects in a Model of the Balance of Payments Length: 30 pages Creation-Date: 1977 Number: 452 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0452.pdf File-Format: application/pdf File-Size: 785 kb Handle: RePEc:cwl:cwldpp:452 Template-type: ReDIF-Paper 1.0 Author-Name: Ray C. Fair Author-X-Name-First: Ray C. Author-X-Name-Last: Fair Author-Email: ray.fair@yale.edu Author-Homepage: http://fairmodel.econ.yale.edu/ Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Model of the Balance of Payments Note: CFP 483. Length: 22 pages Creation-Date: 1977 Number: 451 Publication-Status: Published in Journal of International Economics (1979), 9: 25-46 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0483.pdf File-Format: application/pdf File-Size: 954 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0451.pdf File-Format: application/pdf File-Size: 517 kb Handle: RePEc:cwl:cwldpp:451 Template-type: ReDIF-Paper 1.0 Author-Name: Gary Smith Author-X-Name-First: Gary Author-X-Name-Last: Smith Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Shortrun Macroeconomic Model of an Open Economy Length: 29 pages Creation-Date: 1977 Number: 450 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04b/d0450.pdf File-Format: application/pdf File-Size: 556 kb Handle: RePEc:cwl:cwldpp:450 Template-type: ReDIF-Paper 1.0 Author-Name: William D. Nordhaus Author-X-Name-First: William D. Author-X-Name-Last: Nordhaus Author-Email: william.nordhaus@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/nordhaus.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: What is the Value of Advanced Nuclear Power? Length: 54 pages Creation-Date: 1977 Number: 449 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0449.pdf File-Format: application/pdf File-Size: 1104 kb Handle: RePEc:cwl:cwldpp:449 Template-type: ReDIF-Paper 1.0 Author-Name: Pradeep Dubey Author-X-Name-First: Pradeep Author-X-Name-Last: Dubey Author-Email: pradeepkdubey@yahoo.com Author-Workplace-Name: SUNY Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions. Part 35. Bankruptcy and Optimality in a Closed Trading Mass Economy Modelled as a Noncooperative Game Note: CFP 488. Length: 30 pages Creation-Date: 1977 Number: 448 Publication-Status: Published in Journal of Mathematical Economics (1979), 6: 115-134 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0488.pdf File-Format: application/pdf File-Size: 680 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0448.pdf File-Format: application/pdf File-Size: 545 kb Handle: RePEc:cwl:cwldpp:448 Template-type: ReDIF-Paper 1.0 Author-Name: Pradeep Dubey Author-X-Name-First: Pradeep Author-X-Name-Last: Dubey Author-Email: pradeepkdubey@yahoo.com Author-Workplace-Name: SUNY Author-Name: Lloyd S. Shapley Author-X-Name-First: Lloyd S. Author-X-Name-Last: Shapley Title: Noncooperative Exchange with a Continuum of Traders Length: 19 pages Creation-Date: 1977 Number: 447 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0447.pdf File-Format: application/pdf File-Size: 349 kb Handle: RePEc:cwl:cwldpp:447 Template-type: ReDIF-Paper 1.0 Author-Name: Ray C. Fair Author-X-Name-First: Ray C. Author-X-Name-Last: Fair Author-Email: ray.fair@yale.edu Author-Homepage: http://fairmodel.econ.yale.edu/ Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: The Sensitivity of Fiscal-Policy Effects to Assumptions about the Behavior of the Federal Reserve Note: CFP 474. Length: 39 pages Creation-Date: 1977 Number: 446 Publication-Status: Published in Econometrica (September 1978), 46(5): 1165-1179 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0474.pdf File-Format: application/pdf File-Size: 744 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0446.pdf File-Format: application/pdf File-Size: 977 kb Handle: RePEc:cwl:cwldpp:446 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: Ludo Van der Heyden Author-X-Name-First: Ludo Author-X-Name-Last: Van der Heyden Title: Logrolling and Budget Allocation Games Abstract: In this paper we approach the concept of logrolling by examining a voting system where choices are made among sets of competing projects as a game in characteristic function form. We translate the question: "Will there be prices for votes on different projects which clear the market?" into a different, but equivalent question: "Is the formal game we have described a market game?" We show that in general the answer is no, unless all voters have virtually the same preferences. Note: CFP 482. Length: 20 pages Creation-Date: 1977 Number: 445 Publication-Status: Published in International Journal of Game Theory (1978), 7(3/4): 151-162 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0482.pdf File-Format: application/pdf File-Size: 444 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0445.pdf File-Format: application/pdf File-Size: 385 kb Handle: RePEc:cwl:cwldpp:445 Template-type: ReDIF-Paper 1.0 Author-Name: Donald J. Brown Author-X-Name-First: Donald J. Author-X-Name-Last: Brown Author-Email: donald.brown@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/brown.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: M. Ali Khan Author-X-Name-First: M. Ali Author-X-Name-Last: Khan Title: An Extension of the Brown-Robinson Equivalence Theorem Note: CFP 494. Length: 10 pages Creation-Date: 1977 Number: 444 Publication-Status: Published in Applied Mathematics and Computation (1980), 6(2): 167-175 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0494.pdf File-Format: application/pdf File-Size: 313 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0444.pdf File-Format: application/pdf File-Size: 205 kb Handle: RePEc:cwl:cwldpp:444 Template-type: ReDIF-Paper 1.0 Author-Name: William D. Nordhaus Author-X-Name-First: William D. Author-X-Name-Last: Nordhaus Author-Email: william.nordhaus@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/nordhaus.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Strategies for the Control of Carbon Dioxide Length: 78 pages Creation-Date: 1977 Number: 443 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0443.pdf File-Format: application/pdf File-Size: 1625 kb Handle: RePEc:cwl:cwldpp:443 Template-type: ReDIF-Paper 1.0 Author-Name: Ray C. Fair Author-X-Name-First: Ray C. Author-X-Name-Last: Fair Author-Email: ray.fair@yale.edu Author-Homepage: http://fairmodel.econ.yale.edu/ Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Can the Government Affect Real Output?: A Critique of Models with Rational Expectations Note: CFP 475. Length: 18 pages Creation-Date: 1977 Number: 442 Publication-Status: Published in Journal of Money, Credit, and Banking (November 1978), 10(4): 411-417 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0475.pdf File-Format: application/pdf File-Size: 381 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0442.pdf File-Format: application/pdf File-Size: 478 kb Handle: RePEc:cwl:cwldpp:442 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Theory of Money and Financial Institutions. Part 34. A Multiperiod Trading Economy with Fiat Money, Bank Money and an Optimal Bankruptcy Rule Length: 36 pages Creation-Date: 1976 Number: 441 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0441.pdf File-Format: application/pdf File-Size: 728 kb Handle: RePEc:cwl:cwldpp:441 Template-type: ReDIF-Paper 1.0 Author-Name: Pradeep Dubey Author-X-Name-First: Pradeep Author-X-Name-Last: Dubey Author-Email: pradeepkdubey@yahoo.com Title: Probabilistic Generalizations of the Shapley Value Length: 30 pages Creation-Date: 1976 Number: 440 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0440.pdf File-Format: application/pdf File-Size: 513 kb Handle: RePEc:cwl:cwldpp:440 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions. Part 33. On the Value of Market Information Length: 24 pages Creation-Date: 1976 Number: 439 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0439.pdf File-Format: application/pdf File-Size: 54- kb Handle: RePEc:cwl:cwldpp:439 Template-type: ReDIF-Paper 1.0 Author-Name: Douglas D. Purvis Author-X-Name-First: Douglas D. Author-X-Name-Last: Purvis Title: Wages, the Terms of Trade, and the Exchange Rate Regime Abstract: This paper analyzes a two-commodity short-run macroeconomic model under fixed and flexible exchange rates. Goods are disaggregated into imports and exports. Both are consumed domestically, but only the latter is produced at home. While imports are available in international markets at a fixed price, relative size matters in that the country's specialized export good faces a less than infinitely elastic foreign demand. The seemingly natural disaggregation used here yields a model that is better suited than traditional models for the analysis of such problems as imported inflation and for flexible exchange rates. Also, the terms of trade is explicit and hence easily distinguished from the exchange rate, and the model can be used to illustrate the relationship between the elasticities, absorption and monetary approaches. A common theme in the contemporary literature on flexible exchange rates is that the exchange rate is determined by financial portfolio decisions; a key assumption implicit in such models is that changes in the exchange rate have no real effects, even in the short run. The present approach imposes more structure on the problem by introducing possible short-run real effects of the exchange rate due to less than infinitely elastic export demand and explicitly specified domestic supply. The stability and comparative static properties of the model are shown to depend crucially on the specification of aggregate supply and the behavior of wages, in addition to relative size, and it is surprising that so little attention has been paid in the literature to this issue. Note: CFP 445. Length: 50 pages Creation-Date: 1976 Number: 438 Publication-Status: Published in Canadian Public Policy (Spring 1977), 11(2): 205-218 File-URL: http://cowles.econ.yale.edu/P/cp/p04a/p0445.pdf File-Format: application/pdf File-Size: 825 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0438.pdf File-Format: application/pdf File-Size: 1139 kb Handle: RePEc:cwl:cwldpp:438 Template-type: ReDIF-Paper 1.0 Author-Name: John Sutton Author-X-Name-First: John Author-X-Name-Last: Sutton Title: Price Information and the Economics of Consumerism: A Model of Stochastic Equilibrium Abstract: A model of a quasi-competitive industry is constructed, in which the firm's sales are described by a random variable whose expected rate of change depends on price. It is shown that a stationary (non-degenerate) distribution of prices results, so that price differences persist over time. It is further shown that, as consumers become more aware of, and responsive to, price differences between firms, the average price set by the (profit maximizing) firms tends to decrease, implying a reduction in the degree of monopoly in the industry. Length: 34 pages Creation-Date: 1976 Number: 437 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0437.pdf File-Format: application/pdf File-Size: 557 kb Handle: RePEc:cwl:cwldpp:437 Template-type: ReDIF-Paper 1.0 Author-Name: Ray C. Fair Author-X-Name-First: Ray C. Author-X-Name-Last: Fair Author-Email: ray.fair@yale.edu Author-Homepage: http://fairmodel.econ.yale.edu/ Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Extramarital Affairs Note: CFP 457. Length: 25 pages Creation-Date: 1976 Number: 436 Publication-Status: Published in Journal of Political Economy (1978), 86(1): 45-61 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0457.pdf File-Format: application/pdf File-Size: 691 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0436.pdf File-Format: application/pdf File-Size: 547 kb Handle: RePEc:cwl:cwldpp:436 Template-type: ReDIF-Paper 1.0 Author-Name: William D. Nordhaus Author-X-Name-First: William D. Author-X-Name-Last: Nordhaus Author-Email: william.nordhaus@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/nordhaus.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Economic Growth and Climate: The Carbon Dioxide Problem Note: CFP 443. Length: 18 pages Creation-Date: 1976 Number: 435 Publication-Status: Published in American Economic Association (February 1977), 67(1): 341-346 File-URL: http://cowles.econ.yale.edu/P/cp/p04a/p0443.pdf File-Format: application/pdf File-Size: 287 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0435.pdf File-Format: application/pdf File-Size: 373 kb Handle: RePEc:cwl:cwldpp:435 Template-type: ReDIF-Paper 1.0 Author-Name: Ray C. Fair Author-X-Name-First: Ray C. Author-X-Name-Last: Fair Author-Email: ray.fair@yale.edu Author-Homepage: http://fairmodel.econ.yale.edu/ Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Note on the Computation of the Tobit Estimator Note: CFP 458. Length: 6 pages Creation-Date: 1976 Number: 434 Publication-Status: Published in Econometrica (October 1977), 45(7): 1723-1727 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0458.pdf File-Format: application/pdf File-Size: 191 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0434.pdf File-Format: application/pdf File-Size: 116 kb Handle: RePEc:cwl:cwldpp:434 Template-type: ReDIF-Paper 1.0 Author-Name: Jon K. Peck Author-X-Name-First: Jon K. Author-X-Name-Last: Peck Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: The Small-Disturbance-Asymptotic Moments of the Instrumental Variables and Ordinary Least Squares Estimators for a Dynamic Equation with Correlated Errors Length: 26 pages Creation-Date: 1976 Number: 433 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0433.pdf File-Format: application/pdf File-Size: 428 kb Handle: RePEc:cwl:cwldpp:433 Template-type: ReDIF-Paper 1.0 Author-Name: Charles Wilson Author-X-Name-First: Charles Author-X-Name-Last: Wilson Title: A Model of Insurance Markets with Asymmetric Information Length: 59 pages Creation-Date: 1976 Number: 432 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0432.pdf File-Format: application/pdf File-Size: 1280 kb Handle: RePEc:cwl:cwldpp:432 Template-type: ReDIF-Paper 1.0 Author-Name: Joseph J.M. Evers Author-X-Name-First: Joseph J.M. Author-X-Name-Last: Evers Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Dynamic Economy with Shares, Fiat, Bank and Accounting Money Length: 49 pages Creation-Date: 1976 Number: 431 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0431.pdf File-Format: application/pdf File-Size: 890 kb Handle: RePEc:cwl:cwldpp:431 Template-type: ReDIF-Paper 1.0 Author-Name: Ray C. Fair Author-X-Name-First: Ray C. Author-X-Name-Last: Fair Author-Email: ray.fair@yale.edu Author-Homepage: http://fairmodel.econ.yale.edu/ Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Model of the World Economy Length: 44 pages Creation-Date: 1976 Number: 430 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0430.pdf File-Format: application/pdf File-Size: 1077 kb Handle: RePEc:cwl:cwldpp:430 Template-type: ReDIF-Paper 1.0 Author-Name: Pradeep Dubey Author-X-Name-First: Pradeep Author-X-Name-Last: Dubey Author-Email: pradeepkdubey@yahoo.com Author-Workplace-Name: SUNY Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Closed Economic System with Production and Exchange Modelled as a Game of Strategy Note: CFP 460. Length: 77 pages Creation-Date: 1976 Number: 429 Publication-Status: Published in Journal of Mathematical Economics (1977), 4: 253-287 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0460.pdf File-Format: application/pdf File-Size: 992 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0429.pdf File-Format: application/pdf File-Size: 1120 kb Handle: RePEc:cwl:cwldpp:429 Template-type: ReDIF-Paper 1.0 Author-Name: Rolf R. Mantel Author-X-Name-First: Rolf R. Author-X-Name-Last: Mantel Title: The Linear Exchange Model and Induced Welfare Optima Length: 14 pages Creation-Date: 1976 Number: 428 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0428.pdf File-Format: application/pdf File-Size: 264 kb Handle: RePEc:cwl:cwldpp:428 Template-type: ReDIF-Paper 1.0 Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: William C. Brainard Author-X-Name-First: William C. Author-X-Name-Last: Brainard Author-Email: william.brainard@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/brainard.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Asset Markets and the Cost of Capital Note: CFP 440. Length: 48 pages Creation-Date: 1976 Number: 427 Publication-Status: Published in Economic Progress, Private Values and Public Policy, Essays In Honor of William Fellner, North-Holland, 1977, pp. 235-262 File-URL: http://cowles.econ.yale.edu/P/cp/p04a/p0440.pdf File-Format: application/pdf File-Size: 1152 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0427.pdf File-Format: application/pdf File-Size: 915 kb Handle: RePEc:cwl:cwldpp:427 Template-type: ReDIF-Paper 1.0 Author-Name: Gary Smith Author-X-Name-First: Gary Author-X-Name-Last: Smith Author-Name: William Starnes Author-X-Name-First: Willaim Author-X-Name-Last: Starnes Title: A Short-Run Two-Commodity Macroeconomic Model Note: CFP 476. Length: 32 pages Creation-Date: 1976 Number: 426 Publication-Status: Published in Journal of Money, Credit, and Banking (February 1979), 11(1): 48-67 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0476.pdf File-Format: application/pdf File-Size: 745 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0426.pdf File-Format: application/pdf File-Size: 574 kb Handle: RePEc:cwl:cwldpp:426 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: Charles Wilson Author-X-Name-First: Charles Author-X-Name-Last: Wilson Title: A Theory of Money and Financial Institutions. Part 30 (revised). The Optimal Bankruptcy Rule in a Trading Economy Using Fiat Money Note: CFP 465. Length: 40 pages Creation-Date: 1976 Number: 424R Publication-Status: Published in Zeitschrift fur Nationalokonomie (1977), 37(3-4): 337-354 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0465.pdf File-Format: application/pdf File-Size: 615 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0424-r.pdf File-Format: application/pdf File-Size: 673 kb Handle: RePEc:cwl:cwldpp:424R Template-type: ReDIF-Paper 1.0 Author-Name: Katsuhito Iwai Author-X-Name-First: Katsuhito Author-X-Name-Last: Iwai Title: On Disequilibrium Economic Dynamics. Part IV. The Theory of Long-Run Phillips Curve Length: 47 pages Creation-Date: 1976 Number: 423 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0423.pdf File-Format: application/pdf File-Size: 1269 kb Handle: RePEc:cwl:cwldpp:423 Template-type: ReDIF-Paper 1.0 Author-Name: Pradeep Dubey Author-X-Name-First: Pradeep Author-X-Name-Last: Dubey Author-Email: pradeepkdubey@yahoo.com Author-Workplace-Name: SUNY Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions. Part 28. The Noncooperative Equilibria of a Closed Trading Economy with Market Supply and Bidding Strategies Note: CFP 473. Length: 37 pages Creation-Date: 1976 Number: 422 Publication-Status: Published in Journal of Economic Theory (February 1978), 17(1): 1-20 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0473.pdf File-Format: application/pdf File-Size: 562 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0422.pdf File-Format: application/pdf File-Size: 553 kb Handle: RePEc:cwl:cwldpp:422 Template-type: ReDIF-Paper 1.0 Author-Name: Tjalling C. Koopmans Author-X-Name-First: Tjalling C. Author-X-Name-Last: Koopmans Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Concepts of Optimality and Their Uses Note: CFP 449. Length: 33 pages Creation-Date: 1976 Number: 421 Publication-Status: Published in American Economic Review (June 1977), 67(3): 261-274 File-URL: http://cowles.econ.yale.edu/P/cp/p04a/p0449.pdf File-Format: application/pdf File-Size: 890 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0421.pdf File-Format: application/pdf File-Size: 794 kb Handle: RePEc:cwl:cwldpp:421 Template-type: ReDIF-Paper 1.0 Author-Name: Ray C. Fair Author-X-Name-First: Ray C. Author-X-Name-Last: Fair Author-Email: ray.fair@yale.edu Author-Homepage: http://fairmodel.econ.yale.edu/ Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: The Use of Optimal Control Techniques to Measure Economic Performance Note: CFP 467. Length: 31 pages Creation-Date: 1976 Number: 420 Publication-Status: Published in International Economic Review (June 1978), 19(2): 289-309 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0467.pdf File-Format: application/pdf File-Size: 1015 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0420.pdf File-Format: application/pdf File-Size: 850 kb Handle: RePEc:cwl:cwldpp:420 Template-type: ReDIF-Paper 1.0 Author-Name: Eduardas Vilkas Author-X-Name-First: Eduardas Author-X-Name-Last: Vilkas Title: On a General Approach to Optimality in Game Theory Length: 16 pages Creation-Date: 1976 Number: 419 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0419.pdf File-Format: application/pdf File-Size: 330 kb Handle: RePEc:cwl:cwldpp:419 Template-type: ReDIF-Paper 1.0 Author-Name: Ray C. Fair Author-X-Name-First: Ray C. Author-X-Name-Last: Fair Author-Email: ray.fair@yale.edu Author-Homepage: http://fairmodel.econ.yale.edu/ Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: The Effects of Economic Events on Votes for President Note: CFP 463. Length: 33 pages Creation-Date: 1976 Number: 418 Publication-Status: Published in Review of Economics and Statistics (May 1978), 60(2): 159-173 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0463.pdf File-Format: application/pdf File-Size: 2037 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0418.pdf File-Format: application/pdf File-Size: 815 kb Handle: RePEc:cwl:cwldpp:418 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions. Part 27. Beyond General Equilibrium Note: CFP 441. Length: 26 pages Creation-Date: 1976 Number: 417 Publication-Status: Published in Economie Appliquee, 1976, pp. 320-337 File-URL: http://cowles.econ.yale.edu/P/cp/p04a/p0441.pdf File-Format: application/pdf File-Size: 799 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0417.pdf File-Format: application/pdf File-Size: 651 kb Handle: RePEc:cwl:cwldpp:417 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions. Part 26. On the Number of Types of Markets with Trade in Money Length: 23 pages Creation-Date: 1976 Number: 416 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0416.pdf File-Format: application/pdf File-Size: 479 kb Handle: RePEc:cwl:cwldpp:416 Template-type: ReDIF-Paper 1.0 Author-Name: William D. Nordhaus Author-X-Name-First: William D. Author-X-Name-Last: Nordhaus Author-Email: william.nordhaus@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/nordhaus.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Inflation Theory and Policy Note: CFP 436. Length: 12 pages Creation-Date: 1976 Number: 415 Publication-Status: Published in American Economic Review (May 1976), 66(2): 59-64 File-URL: http://cowles.econ.yale.edu/P/cp/p04a/p0436.pdf File-Format: application/pdf File-Size: 446 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0415.pdf File-Format: application/pdf File-Size: 325 kb Handle: RePEc:cwl:cwldpp:415 Template-type: ReDIF-Paper 1.0 Author-Name: Pradeep Dubey Author-X-Name-First: Pradeep Author-X-Name-Last: Dubey Author-Email: pradeepkdubey@yahoo.com Author-Workplace-Name: SUNY Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions. Part 25. A Closed Economy with Exogenous Uncertainty, Different Levels of Information, Money, Futures and Spot Markets Note: CFP 466. Length: 30 pages Creation-Date: 1975 Number: 414 Publication-Status: Published in International Journal of Game Theory (1977), 6(4): 231-248 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0466.pdf File-Format: application/pdf File-Size: 670 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0414.pdf File-Format: application/pdf File-Size: 606 kb Handle: RePEc:cwl:cwldpp:414 Template-type: ReDIF-Paper 1.0 Author-Name: Victor Ginsburgh Author-X-Name-First: Victor Author-X-Name-Last: Ginsburgh Author-Name: Jean Waelbroeck Author-X-Name-First: Jean Author-X-Name-Last: Waelbroeck Title: A General Equilibrium Model of World Trade. Part II. The Empirical Specification Length: 64 pages Creation-Date: 1975 Number: 413 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0413.pdf File-Format: application/pdf File-Size: 1253 kb Handle: RePEc:cwl:cwldpp:413 Template-type: ReDIF-Paper 1.0 Author-Name: Victor Ginsburgh Author-X-Name-First: Victor Author-X-Name-Last: Ginsburgh Author-Name: Jean Waelbroeck Author-X-Name-First: Jean Author-X-Name-Last: Waelbroeck Title: A General Equilibrium Model of World Trade. Part I. Full Format Computation of Economic Equilibria Length: 37 pages Creation-Date: 1975 Number: 412 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0412.pdf File-Format: application/pdf File-Size: 827 kb Handle: RePEc:cwl:cwldpp:412 Template-type: ReDIF-Paper 1.0 Author-Name: Katsuhito Iwai Author-X-Name-First: Katsuhito Author-X-Name-Last: Iwai Title: On Disequilibrium Economic Dynamics. Part III. A Keynesian Theory of Money Wage Adjustment Length: 74 pages Creation-Date: 1975 Number: 411 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0411.pdf File-Format: application/pdf File-Size: 1448 kb Handle: RePEc:cwl:cwldpp:411 Template-type: ReDIF-Paper 1.0 Author-Name: Pradeep Dubey Author-X-Name-First: Pradeep Author-X-Name-Last: Dubey Author-Email: pradeepkdubey@yahoo.com Author-Workplace-Name: SUNY Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions. Part 24. Trade and Prices in a Closed Economy with Exogenous Uncertainty, Different Levels of Information, Money and No Futures Markets Note: CFP 453. Length: 39 pages Creation-Date: 1975 Number: 410R Publication-Status: Published in Econometrica (October 1977), 45(7): 1657-1680 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0453.pdf File-Format: application/pdf File-Size: 782 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0410-r.pdf File-Format: application/pdf File-Size: 661 kb Handle: RePEc:cwl:cwldpp:410R Template-type: ReDIF-Paper 1.0 Author-Name: Rolf R. Mantel Author-X-Name-First: Rolf R. Author-X-Name-Last: Mantel Title: Implications of Microeconomic Theory for Community Excess Demand Functions Abstract: A series of results, related to Sonnenschein's conjecture that Walras' Law is the only significant restriction microeconomic theory imposes on community demand and excess demand functions are surveyed and extended. These results have important implications for general equilibrium theory, both in questions of existence and stability, and for empirical work. Note: CFP 451. Length: 24 pages Creation-Date: 1975 Number: 409 Publication-Status: Published in Frontiers of Quantitative Economics, Vol. III, North-Holland, 1977, pp. 111-126 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0451.pdf File-Format: application/pdf File-Size: 714 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0409.pdf File-Format: application/pdf File-Size: 561 kb Handle: RePEc:cwl:cwldpp:409 Template-type: ReDIF-Paper 1.0 Author-Name: Tjalling C. Koopmans Author-X-Name-First: Tjalling C. Author-X-Name-Last: Koopmans Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Examples of Production Relations Based on Microdata Note: CFP 455. Length: 53 pages Creation-Date: 1975 Number: 408 Publication-Status: Published in G.C. Harcourt, ed., The Microeconomic Foundations of Macroeconomics, 1977, pp. 144-171 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0455.pdf File-Format: application/pdf File-Size: 916 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0408.pdf File-Format: application/pdf File-Size: 852 kb Handle: RePEc:cwl:cwldpp:408 Template-type: ReDIF-Paper 1.0 Author-Name: Geoffrey M. Heal Author-X-Name-First: Geoffrey M. Author-X-Name-Last: Heal Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: The Influence of Interest Rates on Resource Prices Length: 28 pages Creation-Date: 1975 Number: 407 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0407.pdf File-Format: application/pdf File-Size: 550 kb Handle: RePEc:cwl:cwldpp:407 Template-type: ReDIF-Paper 1.0 Author-Name: Donald J. Brown Author-X-Name-First: Donald J. Author-X-Name-Last: Brown Author-Email: donald.brown@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/brown.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: Peter A. Loeb Author-X-Name-First: Peter A. Author-X-Name-Last: Loeb Title: The Values of a Nonstandard Competitive Allocation Note: CFP 448. Length: 31 pages Creation-Date: 1975 Number: 406 Publication-Status: Published in Israel Journal of Mathematics (1976), 25: 71-85 File-URL: http://cowles.econ.yale.edu/P/cp/p04a/p0448.pdf File-Format: application/pdf File-Size: 477 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0406.pdf File-Format: application/pdf File-Size: 595 kb Handle: RePEc:cwl:cwldpp:406 Template-type: ReDIF-Paper 1.0 Author-Name: William D. Nordhaus Author-X-Name-First: William D. Author-X-Name-Last: Nordhaus Author-Email: william.nordhaus@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/nordhaus.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: The Demand for Energy: An International Perspective Length: 77 pages Creation-Date: 1975 Number: 405 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0405.pdf File-Format: application/pdf File-Size: 1825 kb Handle: RePEc:cwl:cwldpp:405 Template-type: ReDIF-Paper 1.0 Author-Name: Jon K. Peck Author-X-Name-First: Jon K. Author-X-Name-Last: Peck Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: The Estimation of a Dynamic Equation Following a Preliminary Test for Autocorrelation Length: 45 pages Creation-Date: 1975 Number: 404 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0404.pdf File-Format: application/pdf File-Size: 1062 kb Handle: RePEc:cwl:cwldpp:404 Template-type: ReDIF-Paper 1.0 Author-Name: Victor Ginsburgh Author-X-Name-First: Victor Author-X-Name-Last: Ginsburgh Author-Name: Israel Zang Author-X-Name-First: Israel Author-X-Name-Last: Zang Title: Price Taking or Price Making Behavior: An Alternative to Full Cost Price Functions Length: 19 pages Creation-Date: 1975 Number: 403 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0403.pdf File-Format: application/pdf File-Size: 398 kb Handle: RePEc:cwl:cwldpp:403 Template-type: ReDIF-Paper 1.0 Author-Name: Frank Campbell Author-X-Name-First: Frank Author-X-Name-Last: Campbell Author-Name: Gary Smith Author-X-Name-First: Gary Author-X-Name-Last: Smith Title: A Critical Analysis of Ridge Regression Note: CFP 496. Length: 25 pages Creation-Date: 1975 Number: 402 Publication-Status: Published in Journal of the American Statistical Association (March 1980), 75(369): 74-103 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0496.pdf File-Format: application/pdf File-Size: 2897 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0402.pdf File-Format: application/pdf File-Size: 571 kb Handle: RePEc:cwl:cwldpp:402 Template-type: ReDIF-Paper 1.0 Author-Name: Joseph J.M. Evers Author-X-Name-First: Joseph J.M. Author-X-Name-Last: Evers Title: Invariant Competitive Equilibrium in an Infinity-Horizon Economy with Negotiable Shares Length: 51 pages Creation-Date: 1975 Number: 401 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0401.pdf File-Format: application/pdf File-Size: 1033 kb Handle: RePEc:cwl:cwldpp:401 Template-type: ReDIF-Paper 1.0 Author-Name: David F. Hendry Author-X-Name-First: David F. Author-X-Name-Last: Hendry Author-Name: Frank Srba Author-X-Name-First: Frank Author-X-Name-Last: Srba Title: A Control Variable Investigation of the Properties of Autoregressive Instrumental Variables Estimators for Dynamic Systems Length: 29 pages Creation-Date: 1975 Number: 400 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d04a/d0400.pdf File-Format: application/pdf File-Size: 604 kb Handle: RePEc:cwl:cwldpp:400 Template-type: ReDIF-Paper 1.0 Author-Name: David F. Hendry Author-X-Name-First: David F. Author-X-Name-Last: Hendry Title: The Limiting Distribution of Inconsistent Instrumental Variables Estimators in a Class of Stationary Stochastic Systems Length: 12 pages Creation-Date: 1975 Number: 399 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0399.pdf File-Format: application/pdf File-Size: 253 kb Handle: RePEc:cwl:cwldpp:399 Template-type: ReDIF-Paper 1.0 Author-Name: David F. Hendry Author-X-Name-First: David F. Author-X-Name-Last: Hendry Author-Name: Gordon J. Anderson Author-X-Name-First: Gordon J. Author-X-Name-Last: Anderson Title: Testing Dynamic Specification in Small Simultaneous Systems: An Application to a Model of Building Society Behavior in the United Kingdom Length: 29 pages Creation-Date: 1975 Number: 398 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0398.pdf File-Format: application/pdf File-Size: 650 kb Handle: RePEc:cwl:cwldpp:398 Template-type: ReDIF-Paper 1.0 Author-Name: Ray C. Fair Author-X-Name-First: Ray C. Author-X-Name-Last: Fair Author-Email: ray.fair@yale.edu Author-Homepage: http://fairmodel.econ.yale.edu/ Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: On Controlling the Economy to Win Elections Length: 50 pages Creation-Date: 1975 Number: 397 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0397.pdf File-Format: application/pdf File-Size: 1248 kb Handle: RePEc:cwl:cwldpp:397 Template-type: ReDIF-Paper 1.0 Author-Name: Gerald H. Kramer Author-X-Name-First: Gerald H. Author-X-Name-Last: Kramer Title: A Dynamical Model of Political Equilibrium Note: CFP 459. Length: 36 pages Creation-Date: 1975 Number: 396 Publication-Status: Published in Journal of Economic Theory (December 1977, 16(2): 310-334 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0459.pdf File-Format: application/pdf File-Size: 1130 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0396.pdf File-Format: application/pdf File-Size: 728 kb Handle: RePEc:cwl:cwldpp:396 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions. Part 23. Fiat Money, Bank Money, the Force of the Rate of Interest and the Vanishing Float Length: 11 pages Creation-Date: 1975 Number: 395 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0395.pdf File-Format: application/pdf File-Size: 196 kb Handle: RePEc:cwl:cwldpp:395 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions. Part 21. Fiat Money, Bank Money, the Float and the Money Rate of Interest Length: 18 pages Creation-Date: 1975 Number: 394 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0394.pdf File-Format: application/pdf File-Size: 346 kb Handle: RePEc:cwl:cwldpp:394 Template-type: ReDIF-Paper 1.0 Author-Name: Donald J. Brown Author-X-Name-First: Donald J. Author-X-Name-Last: Brown Author-Email: donald.brown@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/brown.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Collective Rationality Length: 12 pages Creation-Date: 1975 Number: 393 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0393.pdf File-Format: application/pdf File-Size: 273 kb Handle: RePEc:cwl:cwldpp:393 Template-type: ReDIF-Paper 1.0 Author-Name: Joseph J.M. Evers Author-X-Name-First: Joseph J.M. Author-X-Name-Last: Evers Title: A Duality Theory for Convex Infinite-Horizon Programming Length: 33 pages Creation-Date: 1975 Number: 392 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0392.pdf File-Format: application/pdf File-Size: 607 kb Handle: RePEc:cwl:cwldpp:392 Template-type: ReDIF-Paper 1.0 Author-Name: Donald J. Brown Author-X-Name-First: Donald J. Author-X-Name-Last: Brown Author-Email: donald.brown@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/brown.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Acyclic Aggregation over Finite Sets of Alternatives Length: 13 pages Creation-Date: 1975 Number: 391 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0391.pdf File-Format: application/pdf File-Size: 289 kb Handle: RePEc:cwl:cwldpp:391 Template-type: ReDIF-Paper 1.0 Author-Name: B. Curtis Eaves Author-X-Name-First: B. Curtis Author-X-Name-Last: Eaves Author-Name: Herbert E. Scarf Author-X-Name-First: Herbert E. Author-X-Name-Last: Scarf Author-Email: herbert.scarf@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/scarf.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: The Solution of Systems of Piecewise Linear Equations Note: CFP 434. Length: 67 pages Creation-Date: 1975 Number: 390 Publication-Status: Published in Mathematics of Operations Research (February 1976), 1(1): 1-27 File-URL: http://cowles.econ.yale.edu/P/cp/p04a/p0434.pdf File-Format: application/pdf File-Size: 1261 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0390.pdf File-Format: application/pdf File-Size: 1002 kb Handle: RePEc:cwl:cwldpp:390 Template-type: ReDIF-Paper 1.0 Author-Name: B. Curtis Eaves Author-X-Name-First: B. Curtis Author-X-Name-Last: Eaves Title: A Finite Algorithm for the Linear Exchange Model Abstract: It is shown that Lemke's algorithm can be used to compute, in a finite number of steps, an equilibrium or reduction for the pure exchange model with linear utilities. Length: 12 pages Creation-Date: 1975 Number: 389 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0389.pdf File-Format: application/pdf File-Size: 139 kb Handle: RePEc:cwl:cwldpp:389 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Oligopoly, Theory, Communication and Information Note: CFP 426. Length: 9 pages Creation-Date: 1975 Number: 388 Publication-Status: Published in American Economic Review (1975), 65(2): 280-283 File-URL: http://cowles.econ.yale.edu/P/cp/p04a/p0426.pdf File-Format: application/pdf File-Size: 242 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0388.pdf File-Format: application/pdf File-Size: 197 kb Handle: RePEc:cwl:cwldpp:388 Template-type: ReDIF-Paper 1.0 Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Keynesian Models of Recession and Depression Note: CFP 428. Length: 18 pages Creation-Date: 1975 Number: 387 Publication-Status: Published in American Economic Review (May 1975), 75: 195-202 File-URL: http://cowles.econ.yale.edu/P/cp/p04a/p0428.pdf File-Format: application/pdf File-Size: 461 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0387.pdf File-Format: application/pdf File-Size: 368 kb Handle: RePEc:cwl:cwldpp:387 Template-type: ReDIF-Paper 1.0 Author-Name: Katsuhito Iwai Author-X-Name-First: Katsuhito Author-X-Name-Last: Iwai Title: On Disequilibrium Economic Dynamics. Part II. Wicksellian Disequilibrium Dynamics, Say's Law and the End of the Natural Rate Theory of Unemployment Length: 49 pages Creation-Date: 1975 Number: 386 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0386.pdf File-Format: application/pdf File-Size: 1276 kb Handle: RePEc:cwl:cwldpp:386 Template-type: ReDIF-Paper 1.0 Author-Name: Katsuhito Iwai Author-X-Name-First: Katsuhito Author-X-Name-Last: Iwai Title: On Disequilibrium Economic Dynamics. Part I. Microfoundations of Wicksellian Disequilibrium Dynamics Length: 42 pages Creation-Date: 1974 Number: 385 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0385.pdf File-Format: application/pdf File-Size:954 kb Handle: RePEc:cwl:cwldpp:385 Template-type: ReDIF-Paper 1.0 Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: Willem H. Buiter Author-X-Name-First: Willem H. Author-X-Name-Last: Buiter Title: Long Run Effects of Fiscal and Monetary Policy on Aggregate Demand Note: CFP 437a. Length: 58 pages Creation-Date: 1974 Number: 384 Publication-Status: Published in Monetarism, Studies in Monetary Economics, North-Holland, 1976, pp. 273-309 File-URL: http://cowles.econ.yale.edu/P/cp/p04a/p0437a.pdf File-Format: application/pdf File-Size: 1201 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0384.pdf File-Format: application/pdf File-Size: 977 kb Handle: RePEc:cwl:cwldpp:384 Template-type: ReDIF-Paper 1.0 Author-Name: Gary Smith Author-X-Name-First: Gary Author-X-Name-Last: Smith Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Multicollinearity and Forecasting Length: 46 pages Creation-Date: 1974 Number: 383 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0383.pdf File-Format: application/pdf File-Size: 910 kb Handle: RePEc:cwl:cwldpp:383 Template-type: ReDIF-Paper 1.0 Author-Name: Gary Smith Author-X-Name-First: Gary Author-X-Name-Last: Smith Author-Name: William C. Brainard Author-X-Name-First: William C. Author-X-Name-Last: Brainard Author-Email: william.brainard@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/brainard.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: The Value of a priori Information in Estimating a Financial Model Note: CFP 442. Length: 48 pages Creation-Date: 1974 Number: 382 Publication-Status: Published in The Journal of Finance (December 1976), 31(5): 1300-1322 File-URL: http://cowles.econ.yale.edu/P/cp/p04a/p0442.pdf File-Format: application/pdf File-Size: 957 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0382.pdf File-Format: application/pdf File-Size: 885 kb Handle: RePEc:cwl:cwldpp:382 Template-type: ReDIF-Paper 1.0 Author-Name: Gary Smith Author-X-Name-First: Gary Author-X-Name-Last: Smith Title: Further Notes on the Misuse of R^2 Length: 22 pages Creation-Date: 1974 Number: 381 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0381.pdf File-Format: application/pdf File-Size: 422 kb Handle: RePEc:cwl:cwldpp:381 Template-type: ReDIF-Paper 1.0 Author-Name: Gary Smith Author-X-Name-First: Gary Author-X-Name-Last: Smith Title: Okun's Law Revisited Length: 30 pages Creation-Date: 1974 Number: 380 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0380.pdf File-Format: application/pdf File-Size: 625 kb Handle: RePEc:cwl:cwldpp:380 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Competitive Equilibrium Contingent Commodities and Information Note: CFP 444. Length: 3 pages Creation-Date: 1974 Number: 379 Publication-Status: Published in Journal of Finance (March 1977), 32(1): 189-193 File-URL: http://cowles.econ.yale.edu/P/cp/p04a/p0444.pdf File-Format: application/pdf File-Size: 169 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0379.pdf File-Format: application/pdf File-Size: 63 kb Handle: RePEc:cwl:cwldpp:379 Template-type: ReDIF-Paper 1.0 Author-Name: Steve Smale Author-X-Name-First: Steve Author-X-Name-Last: Smale Title: Global Analysis and Economics VI. Geometric Analysis of Pareto Optima and Price Equilibria under Classical Hypotheses Length: 22 pages Creation-Date: 1974 Number: 378 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0378.pdf File-Format: application/pdf File-Size: 407 kb Handle: RePEc:cwl:cwldpp:378 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions. Part XVI. Mathematical Models for a Theory of Money and Financial Institutions Note: No page 61 Length: 73 pages Creation-Date: 1974 Number: 377 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0377.pdf File-Format: application/pdf File-Size: 1566 kb Handle: RePEc:cwl:cwldpp:377 Template-type: ReDIF-Paper 1.0 Author-Name: Susan J. Lepper Author-X-Name-First: Susan J. Author-X-Name-Last: Lepper Title: Fiscal Capacity, Equalization and Public Expenditure for Education Length: 29 pages Creation-Date: 1974 Number: 376 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0376.pdf File-Format: application/pdf File-Size: 786 kb Handle: RePEc:cwl:cwldpp:376 Template-type: ReDIF-Paper 1.0 Author-Name: Joseph E. Stiglitz Author-X-Name-First: Joseph E. Author-X-Name-Last: Stiglitz Title: Equilibrium Wage Distributions Length: 51 pages Creation-Date: 1974 Number: 375 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0375.pdf File-Format: application/pdf File-Size: 927 kb Handle: RePEc:cwl:cwldpp:375 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions. Part XVIII. A Noncooperative Model of a Closed Trading Economy with Many Traders and Two Bankers Length: 19 pages Creation-Date: 1974 Number: 374 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0374.pdf File-Format: application/pdf File-Size: 390 kb Handle: RePEc:cwl:cwldpp:374 Template-type: ReDIF-Paper 1.0 Author-Name: Jerzy Los Author-X-Name-First: Jerzy Author-X-Name-Last: Los Author-Name: Maria Wycech-Los Author-X-Name-First: Maria Author-X-Name-Last: Wycech-Los Title: The Walrasian and Von Neumann Equilibria: A Comparison Abstract: The two economic concepts mentioned in the title deal with different features of an economy, the first with the distribution of produced goods between consumers according to their preferences, the second with the growth of the economy through "production of commodities by means of commodities" (Sraffa), leaving the mechanism of consumption almost completely aside. It seems interesting that in spite of these differences many similarities between the models can be found and that the von Neumann model can be adjusted to account for the preferences of consumers. This seems to be the main result of the paper. Length: 29 pages Creation-Date: 1974 Number: 373 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0373.pdf File-Format: application/pdf File-Size: 540 kb Handle: RePEc:cwl:cwldpp:373 Template-type: ReDIF-Paper 1.0 Author-Name: Ross M. Starr Author-X-Name-First: Ross M. Author-X-Name-Last: Starr Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Transactions Technology and the Use of Intermediary Agents Length: 12 pages Creation-Date: 1974 Number: 372 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0372.pdf File-Format: application/pdf File-Size: 390 kb Handle: RePEc:cwl:cwldpp:372 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: On the Role of Numbers and Information in Competition Length: 25 pages Creation-Date: 1974 Number: 371 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0371.pdf File-Format: application/pdf File-Size: 657 kb Handle: RePEc:cwl:cwldpp:371 Template-type: ReDIF-Paper 1.0 Author-Name: J.D. Sargan Author-X-Name-First: J.D. Author-X-Name-Last: Sargan Title: The Moments of the 3SLS Estimates of the Structural Coefficients of a Simultaneous Equation Model Length: 49 pages Creation-Date: 1974 Number: 370 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0370.pdf File-Format: application/pdf File-Size: 798 kb Handle: RePEc:cwl:cwldpp:370 Template-type: ReDIF-Paper 1.0 Author-Name: Katsuhito Iwai Author-X-Name-First: Katsuhito Author-X-Name-Last: Iwai Title: Towards Keynesian Micro-Dynamics of Price, Wage, Sales and Employment Length: 53 pages Creation-Date: 1974 Number: 369 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0369.pdf File-Format: application/pdf File-Size: 1339 kb Handle: RePEc:cwl:cwldpp:369 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions. Part XV. A Trading Model to Avoid Tatonnement Metaphysics Length: 18 pages Creation-Date: 1974 Number: 368 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0368.pdf File-Format: application/pdf File-Size: 390 kb Handle: RePEc:cwl:cwldpp:368 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions. Part XVII. On the Eight Basic Units of a Dynamic Economy with Spot and Futures Markets Length: 35 pages Creation-Date: 1974 Number: 367 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0367.pdf File-Format: application/pdf File-Size: 820 kb Handle: RePEc:cwl:cwldpp:367 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions. Part XIII. Trade with Spot Markets, Fiat Money and Internal Banking Length: 46 pages Creation-Date: 1973 Number: 366 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0366.pdf File-Format: application/pdf File-Size: 1013 kb Handle: RePEc:cwl:cwldpp:366 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: The General Equilibrium Model is the Wrong Model and a Noncooperative Strategic Process Model is a Satisfactory Model for the Reconciliation of Micro and Macroeconomic Theory Note: CFP 432. Length: 31 pages Creation-Date: 1973 Number: 365 Publication-Status: Published in Kyklos (1975), 28(3): 545-573 File-URL: http://cowles.econ.yale.edu/P/cp/p04a/p0432.pdf File-Format: application/pdf File-Size: 1201 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0365.pdf File-Format: application/pdf File-Size: 869 kb Handle: RePEc:cwl:cwldpp:365 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions. Part XII. A Dynamic Economy with Fiat Money Without Banking and With and Without Production Goods Length: 19 pages Creation-Date: 1973 Number: 364 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0365.pdf File-Format: application/pdf File-Size: 350 kb Handle: RePEc:cwl:cwldpp:364 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions. Part XI. Trade with Fiat Money but No Individual Trust. A Preliminary Stage towards Banking Length: 24 pages Creation-Date: 1973 Number: 363 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0363.pdf File-Format: application/pdf File-Size: 601 kb Handle: RePEc:cwl:cwldpp:363 Template-type: ReDIF-Paper 1.0 Author-Name: Hayne E. Leland Author-X-Name-First: Hayne E. Author-X-Name-Last: Leland Title: Regulation of Natural Monopolies and the Fair Rate of Return Length: 21 pages Creation-Date: 1973 Number: 362 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0362.pdf File-Format: application/pdf File-Size: 516 kb Handle: RePEc:cwl:cwldpp:362 Template-type: ReDIF-Paper 1.0 Author-Name: Hayne E. Leland Author-X-Name-First: Hayne E. Author-X-Name-Last: Leland Title: Production Theory and the Stock Market Abstract: Traditional economic models separate firms' production decisions from equilibrium in stock markets. In this paper, we develop an integrated model of production in the presence of capital asset market equilibrium. Our theory indicates that, in a stochastic environment, production and financial variables are inextricably interrelated. Following the financial equilibrium models of Sharpe [13], Lintner [10], and Mossin [11], we assume that profits and therefore portfolio returns are random. But stockholders can alter their distributions of returns by altering firms' production decisions as well as by altering their portfolios. The key to the analysis is a "unanimity theorem," which shows that in many environments stockholders will agree on optimal output decisions, despite their different expectations and attitudes towards risk. We develop equilibrium conditions which must be satisfied by production decisions. Profit maximization is indeed optimal for a firm whose profits are riskless. But risky firms' outputs depend on financial as well as cost variables, and the equilibrium conditions lead to a theory of production under uncertainty which replaces the now-vacuous notion of profit maximization. We further show that the output decisions will be Pareto optimal for stockholders, and that these decisions maximize market value only in a "purely competitive" world. Our results provide a synthesis of the conflicting conclusions of Diamond [4], Stiglitz [14], and Wilson [17], [18] on the optimality of stock prices. Length: 31 pages Creation-Date: 1973 Number: 361 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0361.pdf File-Format: application/pdf File-Size: 853 kb Handle: RePEc:cwl:cwldpp:361 Template-type: ReDIF-Paper 1.0 Author-Name: Donald J. Brown Author-X-Name-First: Donald J. Author-X-Name-Last: Brown Author-Email: donald.brown@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/brown.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Acyclic Choice Length: 26 pages Creation-Date: 1973 Number: 360 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0360.pdf File-Format: application/pdf File-Size: 704 kb Handle: RePEc:cwl:cwldpp:360 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: The General Equilibrium Model with Joint Ownership of the Corporation (Voting Stock and the Core) Length: 12 pages Creation-Date: 1973 Number: 359 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0359.pdf File-Format: application/pdf File-Size: 293 kb Handle: RePEc:cwl:cwldpp:359 Template-type: ReDIF-Paper 1.0 Author-Name: N.N. Moiseev Author-X-Name-First: N.N. Author-X-Name-Last: Moiseev Author-Name: A.G. Schmidt Author-X-Name-First: A.G. Author-X-Name-Last: Schmidt Title: Some Problems of Centralized Economy Length: 28 pages Creation-Date: 1973 Number: 358 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0358.pdf File-Format: application/pdf File-Size: 634 kb Handle: RePEc:cwl:cwldpp:358 Template-type: ReDIF-Paper 1.0 Author-Name: Joseph E. Stiglitz Author-X-Name-First: Joseph E. Author-X-Name-Last: Stiglitz Title: Alternative Theories of Wage Determination and Unemployment in L.D.C.'s: II. The Efficiency Wage Model Note: CFP 411. Length: 54 pages Creation-Date: 1973 Number: 357 Publication-Status: Published in Quarterly Journal of Economics (1974), 88: 194-227 File-URL: http://cowles.econ.yale.edu/P/cp/p04a/p0411.pdf File-Format: application/pdf File-Size: 1189 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0357.pdf File-Format: application/pdf File-Size: 1055 kb Handle: RePEc:cwl:cwldpp:357 Template-type: ReDIF-Paper 1.0 Author-Name: Tjalling C. Koopmans Author-X-Name-First: Tjalling C. Author-X-Name-Last: Koopmans Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Some Observations on 'Optimal' Economic Growth and Exhaustible Resources Note: CFP 396. Length: 29 pages Creation-Date: 1973 Number: 356 Publication-Status: Published in H.C. Bos, ed., Economic Structure and Development, Essays in Honour of Jan Tinbergen, North-Holland, 1973, pp. 230-255 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0396.pdf File-Format: application/pdf File-Size: 649 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0356.pdf File-Format: application/pdf File-Size: 591 kb Handle: RePEc:cwl:cwldpp:356 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: Ward Whitt Author-X-Name-First: Ward Author-X-Name-Last: Whitt Title: Fiat Money in an Economy with One Nondurable Good and No Credit (A Noncooperative Sequential Game) Note: CFP 389. Length: 57 pages Creation-Date: 1973 Number: 355 Publication-Status: Published in A. Blaquiere, ed., Topics in Differential Games, North-Holland, 1973, pp. 401-448 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0389.pdf File-Format: application/pdf File-Size: 1255 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0355.pdf File-Format: application/pdf File-Size: 958 kb Handle: RePEc:cwl:cwldpp:355 Template-type: ReDIF-Paper 1.0 Author-Name: Joseph E. Stiglitz Author-X-Name-First: Joseph E. Author-X-Name-Last: Stiglitz Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: The Theory of 'Screening', Education, and the Distribution of Income Length: 48 pages Creation-Date: 1973 Number: 354 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0354.pdf File-Format: application/pdf File-Size: 1200 kb Handle: RePEc:cwl:cwldpp:354 Template-type: ReDIF-Paper 1.0 Author-Name: Joseph E. Stiglitz Author-X-Name-First: Joseph E. Author-X-Name-Last: Stiglitz Title: Incentives and Risk-Sharing in Sharecropping Note: CFP 413. Length: 64 pages Creation-Date: 1973 Number: 353 Publication-Status: Published in Review of Economic Studies (April (1974), 41(2): 219-255 File-URL: http://cowles.econ.yale.edu/P/cp/p04a/p0413.pdf File-Format: application/pdf File-Size: 1846 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0353.pdf File-Format: application/pdf File-Size: 1677 kb Handle: RePEc:cwl:cwldpp:353 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Voting, Preference Orderings and Cooperative Games Length: 40 pages Creation-Date: 1973 Number: 352 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0352.pdf File-Format: application/pdf File-Size: 838 kb Handle: RePEc:cwl:cwldpp:352 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Game Theory and Political Science Length: 22 pages Creation-Date: 1973 Number: 351 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0351.pdf File-Format: application/pdf File-Size: 664 kb Handle: RePEc:cwl:cwldpp:351 Template-type: ReDIF-Paper 1.0 Author-Name: Gordon H. Bradley Author-X-Name-First: Gordon H. Author-X-Name-Last: Bradley Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Note on the Shape of the Pareto Optimal Surface Note: CFP 417. Length: 13 pages Creation-Date: 1973 Number: 350 Publication-Status: Published in Journal of Economic Theory (August 1974), 8(4): 530-538 File-URL: http://cowles.econ.yale.edu/P/cp/p04a/p0417.pdf File-Format: application/pdf File-Size: 298 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03b/d0350.pdf File-Format: application/pdf File-Size: 221 kb Handle: RePEc:cwl:cwldpp:350 Template-type: ReDIF-Paper 1.0 Author-Name: Joseph M. Ostroy Author-X-Name-First: Joseph M. Author-X-Name-Last: Ostroy Author-Name: Ross M. Starr Author-X-Name-First: Ross M. Author-X-Name-Last: Starr Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Money and the Decentralization of Exchange Abstract: A pairwise trading process is formulated subject to conditions of nonnegativity of traders' holdings and quid pro quo. It is shown that that: (i) There is a centralized procedure that achieves the equilibrium allocation for an arbitrary economy. (ii) It is not in general possible to find a decentralized procedure that achieves the equilibrium allocation for an arbitrary economy. (iii) In a monetary economy there is a decentralized procedure that achieves the equilibrium allocation. The usefulness of money is that it allows decentralization of the trading process. Note: CFP 422. Length: 52 pages Creation-Date: 1973 Number: 349 Publication-Status: Published in Econometrica (November 1974), 42(6): 1093-1113 File-URL: http://cowles.econ.yale.edu/P/cp/p04a/p0422.pdf File-Format: application/pdf File-Size: 997 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0349.pdf File-Format: application/pdf File-Size: 1207 kb Handle: RePEc:cwl:cwldpp:349 Template-type: ReDIF-Paper 1.0 Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Technological Development and Employment Length: 40 pages Creation-Date: 1972 Number: 348 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0348.pdf File-Format: application/pdf File-Size: 856 kb Handle: RePEc:cwl:cwldpp:348 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Information, Duopoly and Competitive Markets: A Sensitivity Analysis Note: CFP 400. Length: 32 pages Creation-Date: 1972 Number: 347 Publication-Status: Published in Kyklos (1973), 26: 736-761 File-URL: http://cowles.econ.yale.edu/P/cp/p04a/p0400.pdf File-Format: application/pdf File-Size: 1064 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0347.pdf File-Format: application/pdf File-Size: 740 kb Handle: RePEc:cwl:cwldpp:347 Template-type: ReDIF-Paper 1.0 Author-Name: J. Kirker Stephens Author-X-Name-First: J. Kirker Author-X-Name-Last: Stephens Title: Input Quality, Obsolescence and Unemployment Note: CFP 392. Length: 8 pages Creation-Date: 1972 Number: 346 Publication-Status: Published in Kyklos (1973), 2: 282-287 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0392.pdf File-Format: application/pdf File-Size: 285 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0346.pdf File-Format: application/pdf File-Size: 247 kb Handle: RePEc:cwl:cwldpp:346 Template-type: ReDIF-Paper 1.0 Author-Name: Alvin K. Klevorick Author-X-Name-First: Alvin K. Author-X-Name-Last: Klevorick Author-Email: alvin.klevorick@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/klevorick.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: Gerald H. Kramer Author-X-Name-First: Gerald H. Author-X-Name-Last: Kramer Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Social Choice on Pollution Management: The GENOSSENSCHAFTEN Note: CFP 387. Length: 65 pages Creation-Date: 1972 Number: 345 Publication-Status: Published in Journal of Public Economics (1973), 2: 101-146 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0387.pdf File-Format: application/pdf File-Size: 1931 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0345.pdf File-Format: application/pdf File-Size: 1751 kb Handle: RePEc:cwl:cwldpp:345 Template-type: ReDIF-Paper 1.0 Author-Name: Michael Rothschild Author-X-Name-First: Michael Author-X-Name-Last: Rothschild Author-Name: Joseph E. Stiglitz Author-X-Name-First: Joseph E. Author-X-Name-Last: Stiglitz Title: Some Further Results on the Measurement of Inequality Note: CFP 390. Length: 22 pages Creation-Date: 1972 Number: 344 Publication-Status: Published in Journal of Economic Theory (April 1973), 6(2): 188-204 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0390.pdf File-Format: application/pdf File-Size: 632 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0344.pdf File-Format: application/pdf File-Size: 460 kb Handle: RePEc:cwl:cwldpp:344 Template-type: ReDIF-Paper 1.0 Author-Name: Gerald H. Kramer Author-X-Name-First: Gerald H. Author-X-Name-Last: Kramer Author-Name: Alvin K. Klevorick Author-X-Name-First: Alvin K. Author-X-Name-Last: Klevorick Author-Email: alvin.klevorick@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/klevorick.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Existence of a 'Local' Cooperative Equilibrium in a Class of Voting Games Note: CFP 421. Length: 19 pages Creation-Date: 1972 Number: 343 Publication-Status: Published in Review of Economic Studies (October 1974), 61(4): 539-547 File-URL: http://cowles.econ.yale.edu/P/cp/p04a/p0421.pdf File-Format: application/pdf File-Size: 575 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0343.pdf File-Format: application/pdf File-Size: 528 kb Handle: RePEc:cwl:cwldpp:343 Template-type: ReDIF-Paper 1.0 Author-Name: Donald J. Brown Author-X-Name-First: Donald J. Author-X-Name-Last: Brown Author-Email: donald.brown@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/brown.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Existence of a Competitive Equilibrium in a Nonstandard Exchange Economy Length: 20 pages Creation-Date: 1972 Number: 342 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0342.pdf File-Format: application/pdf File-Size: 393 kb Handle: RePEc:cwl:cwldpp:342 Template-type: ReDIF-Paper 1.0 Author-Name: Susan J. Lepper Author-X-Name-First: Susan J. Author-X-Name-Last: Lepper Title: Voting Behavior and Aggregate Policy Targets Note: CFP 409. Length: 32 pages Creation-Date: 1972 Number: 341 Publication-Status: Published in Public Choice (1974), 18: 67-81 File-URL: http://cowles.econ.yale.edu/P/cp/p04a/p0409.pdf File-Format: application/pdf File-Size: 627 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0341.pdf File-Format: application/pdf File-Size: 885 kb Handle: RePEc:cwl:cwldpp:341 Template-type: ReDIF-Paper 1.0 Author-Name: Partha Dasgupta Author-X-Name-First: Partha Author-X-Name-Last: Dasgupta Author-Name: Joseph E. Stiglitz Author-X-Name-First: Joseph E. Author-X-Name-Last: Stiglitz Title: Benefit-Cost Analysis and Trade Policies Note: CFP 404. Length: 62 pages Creation-Date: 1972 Number: 340 Publication-Status: Published in Journal of Political Economy, 82, 1974 File-URL: http://cowles.econ.yale.edu/P/cp/p04a/p0404.pdf File-Format: application/pdf File-Size: 1356 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0340.pdf File-Format: application/pdf File-Size: 1368 kb Handle: RePEc:cwl:cwldpp:340 Template-type: ReDIF-Paper 1.0 Author-Name: Joseph E. Stiglitz Author-X-Name-First: Joseph E. Author-X-Name-Last: Stiglitz Title: On the Irrelevance of Corporate Financial Policy Length: 39 pages Creation-Date: 1972 Number: 339 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0339.pdf File-Format: application/pdf File-Size: 885 kb Handle: RePEc:cwl:cwldpp:339 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions. Part V. The Rate of Interest on Fiat Money in a Closed Economy Abstract: In a well controlled monetary economy with no uncertainty and a money market, money is not merely a veil, it is a cocoon. There are no idle cash balances in a competitive monetary economy with a money market without uncertainty. The presence of uncertainty calls for the holding of cash. In a trading economy with perfect foresight, without taxes, but with traders having positive time discounts the rate of interest on paper money is positive. With uncertainty, fiat money is a form of insurance or generalized futures contract. The mathematical differences among static general equilibrium theory, a theory of money in a static general equilibrium context with perfect foresight and an evolutionary system are essentially the differences among maximization subject to equalities; convex programming and dynamic programming. They are needed for current transactions or are loaned. Length: 50 pages Creation-Date: 1972 Number: 338 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0338.pdf File-Format: application/pdf File-Size: 1071 kb Handle: RePEc:cwl:cwldpp:338 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions. Part IX. Competitive and Controlled Price Economies: The Arrow Debreu Model Revisited Note: CFP 461. Length: 19 pages Creation-Date: 1972 Number: 337 Publication-Status: Published in G. Schwodiauer, ed., Equilibrium and Disequilibrium in Economic Theory, Reidel, 1977, pp. 211-224 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0461.pdf File-Format: application/pdf File-Size: 480 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0337.pdf File-Format: application/pdf File-Size: 465 kb Handle: RePEc:cwl:cwldpp:337 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions. Part VIII. Transactions Costs in a Market Economy Length: 30 pages Creation-Date: 1972 Number: 336 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0336.pdf File-Format: application/pdf File-Size: 718 kb Handle: RePEc:cwl:cwldpp:336 Template-type: ReDIF-Paper 1.0 Author-Name: Joseph E. Stiglitz Author-X-Name-First: Joseph E. Author-X-Name-Last: Stiglitz Title: Alternative Theories of Wage Determination and Unemployment in L.D.C.'s: I. The Labor Turn-Over Model Note: CFP 411. Length: 59 pages Creation-Date: 1972 Number: 335 Publication-Status: Published in Quarterly Journal of Economics (1974), 88: 194-227 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0386.pdf File-Format: application/pdf File-Size: 1189 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0335.pdf File-Format: application/pdf File-Size: 1302 kb Handle: RePEc:cwl:cwldpp:335 Template-type: ReDIF-Paper 1.0 Author-Name: Lloyd S. Shapley Author-X-Name-First: Lloyd S. Author-X-Name-Last: Shapley Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions. Part VI. The Rate of Interest, Noncooperative Equilibrium and Bankruptcy Length: 34 pages Creation-Date: 1972 Number: 334 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0334.pdf File-Format: application/pdf File-Size: 666 kb Handle: RePEc:cwl:cwldpp:334 Template-type: ReDIF-Paper 1.0 Author-Name: William D. Nordhaus Author-X-Name-First: William D. Author-X-Name-Last: Nordhaus Author-Email: william.nordhaus@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/nordhaus.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Notes on Transactions Costs and the Analysis of Microeconomic Monetary Theory Length: 69 pages Creation-Date: 1972 Number: 333 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0333.pdf File-Format: application/pdf File-Size: 1235 kb Handle: RePEc:cwl:cwldpp:333 Template-type: ReDIF-Paper 1.0 Author-Name: Ross M. Starr Author-X-Name-First: Ross M. Author-X-Name-Last: Starr Title: Notes on Transactions Costs and the Analysis of Microeconomic Theory Length: 14 pages Creation-Date: 1972 Number: 332 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0332.pdf File-Format: application/pdf File-Size: 418 kb Handle: RePEc:cwl:cwldpp:332 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions. Part VII. Money, Trust and Equilibrium Points in Games in Extensive Form Length: 30 pages Creation-Date: 1972 Number: 331 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0331.pdf File-Format: application/pdf File-Size: 843 kb Handle: RePEc:cwl:cwldpp:331 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions. Part IV. Fiat Money and Noncooperative Equilibrium in a Closed Economy Length: 46 pages Creation-Date: 1972 Number: 330 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0330.pdf File-Format: application/pdf File-Size: 1177 kb Handle: RePEc:cwl:cwldpp:330 Template-type: ReDIF-Paper 1.0 Author-Name: William D. Nordhaus Author-X-Name-First: William D. Author-X-Name-Last: Nordhaus Author-Email: william.nordhaus@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/nordhaus.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: The Effects of Inflation on the Distribution of Economic Welfare Note: CFP 386. Length: 71 pages Creation-Date: 1972 Number: 329 Publication-Status: Published in Journal of Money, Credit, and Banking (1973), 5(1)(2): 465-508 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0386.pdf File-Format: application/pdf File-Size: 1787 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0329.pdf File-Format: application/pdf File-Size: 1572 kb Handle: RePEc:cwl:cwldpp:329 Template-type: ReDIF-Paper 1.0 Author-Name: John B. Shoven Author-X-Name-First: John B. Author-X-Name-Last: Shoven Author-Name: John Whalley Author-X-Name-First: John Author-X-Name-Last: Whalley Title: A General Equilibrium Calculation of the Effects of Differential Taxation of Income from Capital in the U.S. Note: CFP 379. Length: 57 pages Creation-Date: 1972 Number: 328 Publication-Status: Published in Journal of Public Economics (1972), 1: 281-321 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0379.pdf File-Format: application/pdf File-Size: 1555 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0328.pdf File-Format: application/pdf File-Size: 1289 kb Handle: RePEc:cwl:cwldpp:328 Template-type: ReDIF-Paper 1.0 Author-Name: Ronald G. Bodkin Author-X-Name-First: Ronald G. Author-X-Name-Last: Bodkin Title: The Marginal Revolution After One Hundred Years Length: 40 pages Creation-Date: 1972 Number: 327 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0327.pdf File-Format: application/pdf File-Size: 1266 kb Handle: RePEc:cwl:cwldpp:327 Template-type: ReDIF-Paper 1.0 Author-Name: Donald J. Brown Author-X-Name-First: Donald J. Author-X-Name-Last: Brown Author-Email: donald.brown@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/brown.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: Abraham Robinson Author-X-Name-First: Abraham Author-X-Name-Last: Robinson Title: The Cores of Large Standard Exchange Economies Note: CFP 418. Length: 13 pages Creation-Date: 1972 Number: 326 Publication-Status: Published in Journal of Economic Theory (November 1974), 9(3): 246-254 File-URL: http://cowles.econ.yale.edu/P/cp/p04a/p0418.pdf File-Format: application/pdf File-Size: 411 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0326.pdf File-Format: application/pdf File-Size: 319 kb Handle: RePEc:cwl:cwldpp:326 Template-type: ReDIF-Paper 1.0 Author-Name: Jon K. Peck Author-X-Name-First: Jon K. Author-X-Name-Last: Peck Title: A Comparison of Alternative Estimators for a Dynamic Relationship Estimated from a Time Series of Cross-Sections When the Disturbances Are Small Length: 82 pages Creation-Date: 1972 Number: 325 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0325.pdf File-Format: application/pdf File-Size: 1283 kb Handle: RePEc:cwl:cwldpp:325 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions. Part III. The Missing Degree of Freedom: Commodity Money and Oligopoly in a General Equilibrium Model Abstract: It is suggested that an extra degree of freedom is needed to construct a symmetric noncooperative price game in a market with n monopolists trading in n goods. This calls for the introduction of an n+1 good which can be interpreted as a commodity money. Where there are n monopolists using a commodity money in common a symmetric price or quantity noncooperative game can be constructed. The quantity game is examined. Necessary conditions are shown for the replicated game to have its noncooperative equilibria approach the competitive equilibria of the replicated market. It is demonstrated that unless there is "enough" commodity money convergence may not take place. There will be a "money shortage" and this will be reflected in a price for the commodity money higher than its utilitarian worth. This reflects the addition of a "shadow price" for the worth of relaxing the monetary capacity constraint. Length: 29 pages Creation-Date: 1971 Number: 324 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0324.pdf File-Format: application/pdf File-Size: 606 kb Handle: RePEc:cwl:cwldpp:324 Template-type: ReDIF-Paper 1.0 Author-Name: Martin L. Weitzman Author-X-Name-First: Martin L. Author-X-Name-Last: Weitzman Title: Alternative Management of Common Property Resources under Free Access and Private Ownership Length: 15 pages Creation-Date: 1971 Number: 323 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0323.pdf File-Format: application/pdf File-Size: 321 kb Handle: RePEc:cwl:cwldpp:323 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions: Part II. On the Paradox of the Efficient Price System in a Completely Centralized Economy and in a Capitalist Individual Ownership Economy Length: 9 pages Creation-Date: 1971 Number: 322 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0322.pdf File-Format: application/pdf File-Size: 273 kb Handle: RePEc:cwl:cwldpp:322 Template-type: ReDIF-Paper 1.0 Author-Name: Donald A. Nichols Author-X-Name-First: Donald A. Author-X-Name-Last: Nichols Title: A New Measure of Income from Wealth Length: 19 pages Creation-Date: 1971 Number: 321 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0321.pdf File-Format: application/pdf File-Size: 464 kb Handle: RePEc:cwl:cwldpp:321 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Theory of Money and Financial Institutions. Part I. The General Approach Adopted Length: 20 pages Creation-Date: 1971 Number: 320 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0320.pdf File-Format: application/pdf File-Size: 582 kb Handle: RePEc:cwl:cwldpp:320 Template-type: ReDIF-Paper 1.0 Author-Name: William D. Nordhaus Author-X-Name-First: William D. Author-X-Name-Last: Nordhaus Author-Email: william.nordhaus@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/nordhaus.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Is Growth Obsolete? Note: CFP 398ab. Length: 118 pages Creation-Date: 1971 Number: 319 Publication-Status: Published in Milton Moss, ed., The Measurement of Economic and Social Performance, Studies in Income and Wealth, Vol. 38, National Bureau of Economic Research, 1973, pp. 509-532, 533-564 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0398ab.pdf File-Format: application/pdf File-Size: 2523 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0319.pdf File-Format: application/pdf File-Size: 2538 kb Handle: RePEc:cwl:cwldpp:319 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: On the Scope of Gaming Abstract: Gaming and simulation mean different things to different people. Currently there exist separate schools of individuals working on interrelated but basically different areas. Each have their own special goals and terminology. Yet there is a sufficient overlap among them that it is important to clarify the common and different interests and terminology. The general topic of gaming is ripe for an examination to see to what extent there exists a basic methodology and theory of gaming. This paper addresses itself, in part to this problem. Different types of games and different purposes are discussed. It is stressed that there is not one validation problem but many validation and specification problems which must be addressed if professional standards are to be attained. Note: CFP 359. Length: 32 pages Creation-Date: 1971 Number: 318 Publication-Status: Published in Management Science (January 1972), 18(5)(2): P20-P36 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0359.pdf File-Format: application/pdf File-Size: 1272 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0318.pdf File-Format: application/pdf File-Size: 830 kb Handle: RePEc:cwl:cwldpp:318 Template-type: ReDIF-Paper 1.0 Author-Name: Martin L. Weitzman Author-X-Name-First: Martin L. Author-X-Name-Last: Weitzman Title: Duality Theory of Convex Programming for Infinite Horizon Economic Models Note: CFP 385. Length: 25 pages Creation-Date: 1971 Number: 317 Publication-Status: Published in Management Science (March 1973), 19(3): 783-789 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0385.pdf File-Format: application/pdf File-Size: 361 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0317.pdf File-Format: application/pdf File-Size: 448 kb Handle: RePEc:cwl:cwldpp:317 Template-type: ReDIF-Paper 1.0 Author-Name: Lloyd S. Shapley Author-X-Name-First: Lloyd S. Author-X-Name-Last: Shapley Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Competitive Equilibrium and Game Theory Solutions: Part I. The Core and Value Length: 35 pages Creation-Date: 1971 Number: 316 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0316.pdf File-Format: application/pdf File-Size: 908 kb Handle: RePEc:cwl:cwldpp:316 Template-type: ReDIF-Paper 1.0 Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Summary Comment Length: 24 pages Creation-Date: 1971 Number: 315 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0315.pdf File-Format: application/pdf File-Size: 520 kb Handle: RePEc:cwl:cwldpp:315 Template-type: ReDIF-Paper 1.0 Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Wealth, Liquidity, and the Propensity to Consume Length: 30 pages Creation-Date: 1971 Number: 314 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0314.pdf File-Format: application/pdf File-Size: 606 kb Handle: RePEc:cwl:cwldpp:314 Template-type: ReDIF-Paper 1.0 Author-Name: Terje Hansen Author-X-Name-First: Terje Author-X-Name-Last: Hansen Author-Name: Tjalling C. Koopmans Author-X-Name-First: Tjalling C. Author-X-Name-Last: Koopmans Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: On the Definition and Computation of a Capital Stock Invariant Under Optimization Note: CFP 375. Length: 55 pages Creation-Date: 1972 Number: 313R Publication-Status: Published in Journal of Economic Theory (December 1972), 5(3): 498-523 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0375.pdf File-Format: application/pdf File-Size: 1331 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0313-r.pdf File-Format: application/pdf File-Size: 1068 kb Handle: RePEc:cwl:cwldpp:313R Template-type: ReDIF-Paper 1.0 Author-Name: Witold Trzeciakowski Author-X-Name-First: Witold Author-X-Name-Last: Trzeciakowski Title: Systems of Indirect Management in a Planned Economy: Effectiveness Models and Their Applications in Poland Length: 228 pages Creation-Date: 1971 Number: 312 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0312.pdf File-Format: application/pdf File-Size: 5267 kb Handle: RePEc:cwl:cwldpp:312 Template-type: ReDIF-Paper 1.0 Author-Name: Walter Dolde Author-X-Name-First: Walter Author-X-Name-Last: Dolde Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Wealth, Liquidity, and Consumption Note: CFP 360. Length: 65 pages Creation-Date: 1971 Number: 311 Publication-Status: Published in Consumer Spending and Monetary Policy, Monetary Conference Series No. 5, Federal Reserve Bank of Boston, 1971, pp. 99-146 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0360.pdf File-Format: application/pdf File-Size: 1817 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0311.pdf File-Format: application/pdf File-Size: 1606 kb Handle: RePEc:cwl:cwldpp:311 Template-type: ReDIF-Paper 1.0 Author-Name: Ross M. Starr Author-X-Name-First: Ross M. Author-X-Name-Last: Starr Title: The Price of Money in a Pure Exchange Monetary Economy Note: CFP 412. Length: 35 pages Creation-Date: 1971 Number: 310 Publication-Status: Published in Econometrica (January 1974), 42(1): 45-54 File-URL: http://cowles.econ.yale.edu/P/cp/p04a/p0412.pdf File-Format: application/pdf File-Size: 416 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0310.pdf File-Format: application/pdf File-Size: 1050 kb Handle: RePEc:cwl:cwldpp:310 Template-type: ReDIF-Paper 1.0 Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Friedman's Theoretical Framework Note: CFP 370. Length: 20 pages Creation-Date: 1971 Number: 309 Publication-Status: Published in Journal of Political Economy (1972), 80: 853-863 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0370.pdf File-Format: application/pdf File-Size: 641 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0309.pdf File-Format: application/pdf File-Size: 629 kb Handle: RePEc:cwl:cwldpp:309 Template-type: ReDIF-Paper 1.0 Author-Name: Donald J. Brown Author-X-Name-First: Donald J. Author-X-Name-Last: Brown Author-Email: donald.brown@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/brown.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: Abraham Robinson Author-X-Name-First: Abraham Author-X-Name-Last: Robinson Title: Nonstandard Exchange Economies Note: CFP 423. Length: 30 pages Creation-Date: 1971 Number: 308 Publication-Status: Published in Econometrica (January 1975), 43(1): 41-55 File-URL: http://cowles.econ.yale.edu/P/cp/p04a/p0423.pdf File-Format: application/pdf File-Size: 678 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0308.pdf File-Format: application/pdf File-Size: 682 kb Handle: RePEc:cwl:cwldpp:308 Template-type: ReDIF-Paper 1.0 Author-Name: Thomas King Author-X-Name-First: Thomas Author-X-Name-Last: King Author-Name: Peter M. Mieszkowski Author-X-Name-First: Peter M. Author-X-Name-Last: Mieszkowshi Title: An Estimate of Racial Discrimination in Rental Housing Length: 44 pages Creation-Date: 1971 Number: 307 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0307.pdf File-Format: application/pdf File-Size: 1179 kb Handle: RePEc:cwl:cwldpp:307 Template-type: ReDIF-Paper 1.0 Author-Name: Joseph E. Stiglitz Author-X-Name-First: Joseph E. Author-X-Name-Last: Stiglitz Title: On Transitions between Steady States Length: 26 pages Creation-Date: 1971 Number: 306 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0306.pdf File-Format: application/pdf File-Size: 663 kb Handle: RePEc:cwl:cwldpp:306 Template-type: ReDIF-Paper 1.0 Author-Name: Joseph E. Stiglitz Author-X-Name-First: Joseph E. Author-X-Name-Last: Stiglitz Title: Taxation, Risk-Taking, and the Allocation of Investment Length: 101 pages Creation-Date: 1970 Number: 305 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0305.pdf File-Format: application/pdf File-Size: 2530 kb Handle: RePEc:cwl:cwldpp:305 Template-type: ReDIF-Paper 1.0 Author-Name: Peter M. Mieszkowski Author-X-Name-First: Peter M. Author-X-Name-Last: Mieszkowski Title: The Property Tax: An Excise Tax or a Profits Tax? Length: 46 pages Creation-Date: 1970 Number: 304 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0304.pdf File-Format: application/pdf File-Size: 1447 kb Handle: RePEc:cwl:cwldpp:304 Template-type: ReDIF-Paper 1.0 Author-Name: Joseph E. Stiglitz Author-X-Name-First: Joseph E. Author-X-Name-Last: Stiglitz Title: The Badly Behaved Economy with the Well Behaved Production Function Length: 107 pages Creation-Date: 1970 Number: 303 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0303.pdf File-Format: application/pdf File-Size: 2374 kb Handle: RePEc:cwl:cwldpp:303 Template-type: ReDIF-Paper 1.0 Author-Name: G.S. Maddala Author-X-Name-First: G.S. Author-X-Name-Last: Maddala Author-Name: A.S. Rao Author-X-Name-First: A.S. Author-X-Name-Last: Rao Title: On Durbin's Test for Serial Correlation in Distributed Lag Models Note: No page 8; CFP 402. Length: 11 pages Creation-Date: 1970 Number: 302 Publication-Status: Published in Econometrica (July 1973), 41(4): 761-774 File-URL: http://cowles.econ.yale.edu/P/cp/p04a/p0402.pdf File-Format: application/pdf File-Size: 568 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0302.pdf File-Format: application/pdf File-Size: 236 kb Handle: RePEc:cwl:cwldpp:302 Template-type: ReDIF-Paper 1.0 Author-Name: David M. Grether Author-X-Name-First: David M. Author-X-Name-Last: Grether Author-Name: G.S. Maddala Author-X-Name-First: G.S. Author-X-Name-Last: Maddala Title: On the Asymptotic Properties of Certain Two-Step Procedures Commonly Used in the Estimation of Distributed Lag Models Note: CFP 373. Length: 22 pages Creation-Date: 1970 Number: 301 Publication-Status: Published in International Economic Review (October 1972), 13(3): 737-744 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0373.pdf File-Format: application/pdf File-Size: 300 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0301.pdf File-Format: application/pdf File-Size: 427 kb Handle: RePEc:cwl:cwldpp:301 Template-type: ReDIF-Paper 1.0 Author-Name: Ross M. Starr Author-X-Name-First: Ross M. Author-X-Name-Last: Starr Title: Equilibrium and Demand for Media of Exchange in a Pure Exchange Economy with Transactions Costs Length: 31 pages Creation-Date: 1970 Number: 300 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d03a/d0300.pdf File-Format: application/pdf File-Size: 818 kb Handle: RePEc:cwl:cwldpp:300 Template-type: ReDIF-Paper 1.0 Author-Name: Joseph E. Stiglitz Author-X-Name-First: Joseph E. Author-X-Name-Last: Stiglitz Author-Name: Partha Dasgupta Author-X-Name-First: Partha Author-X-Name-Last: Dasgupta Title: Differential Taxation, Public Goods, and Economic Efficiency Note: CFP 352. Length: 53 pages Creation-Date: 1970 Number: 299 Publication-Status: Published in Review of Economic Studies (April 1971), 38(114): 151-174 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0352.pdf File-Format: application/pdf File-Size: 1403 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0299.pdf File-Format: application/pdf File-Size: 1382 kb Handle: RePEc:cwl:cwldpp:299 Template-type: ReDIF-Paper 1.0 Author-Name: E.J. Hannan Author-X-Name-First: E.J. Author-X-Name-Last: Hannan Title: Non-Linear Time Series Regression Length: 23 pages Creation-Date: 1970 Number: 298 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0298.pdf File-Format: application/pdf File-Size: 525 kb Handle: RePEc:cwl:cwldpp:298 Template-type: ReDIF-Paper 1.0 Author-Name: Fumimasa Hamada Author-X-Name-First: Fumimasa Author-X-Name-Last: Hamada Title: An Econometric Model of Postwar Japan Length: 82 pages Creation-Date: 1970 Number: 297 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0297.pdf File-Format: application/pdf File-Size: 2875 kb Handle: RePEc:cwl:cwldpp:297 Template-type: ReDIF-Paper 1.0 Author-Name: William D. Nordhaus Author-X-Name-First: William D. Author-X-Name-Last: Nordhaus Author-Email: william.nordhaus@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/nordhaus.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Recent Developments in Price Dynamics Note: No page 53; CFP 377. Length: 73 pages Creation-Date: 1970 Number: 296 Publication-Status: Published in The Econometrics of Price Determination Conference, Board of Governors of the Federal Reserve, 1972, pp. 16-49 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0377.pdf File-Format: application/pdf File-Size: 2126 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0296.pdf File-Format: application/pdf File-Size: 2359 kb Handle: RePEc:cwl:cwldpp:296 Template-type: ReDIF-Paper 1.0 Author-Name: Ross M. Starr Author-X-Name-First: Ross M. Author-X-Name-Last: Starr Title: The Structure of Exchange in Barter and Monetary Economies Note: CFP 365. Length: 31 pages Creation-Date: 1970 Number: 295 Publication-Status: Published in Quarterly Journal of Economics (1972), 86: 291-302 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0365.pdf File-Format: application/pdf File-Size: 609 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0295.pdf File-Format: application/pdf File-Size: 947 kb Handle: RePEc:cwl:cwldpp:295 Template-type: ReDIF-Paper 1.0 Author-Name: E.J. Hannan Author-X-Name-First: E.J. Author-X-Name-Last: Hannan Author-Name: R.D. Terrell Author-X-Name-First: R.D. Author-X-Name-Last: Terrell Title: Time Series Regression with Linear Constraints Length: 22 pages Creation-Date: 1970 Number: 294 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0294.pdf File-Format: application/pdf File-Size: 490 kb Handle: RePEc:cwl:cwldpp:294 Template-type: ReDIF-Paper 1.0 Author-Name: Herbert E. Scarf Author-X-Name-First: Herbert E. Author-X-Name-Last: Scarf Author-Email: herbert.scarf@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/scarf.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: On the Existence of a Cooperative Solution for a General Class of N-Person Games Note: CFP 358. Length: 21 pages Creation-Date: 1970 Number: 293 Publication-Status: Published in Journal of Economic Theory (June 1971), 3(2): 169-181 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0358.pdf File-Format: application/pdf File-Size: 537 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0293.pdf File-Format: application/pdf File-Size: 507 kb Handle: RePEc:cwl:cwldpp:293 Template-type: ReDIF-Paper 1.0 Author-Name: Martin L. Weitzman Author-X-Name-First: Martin L. Author-X-Name-Last: Weitzman Title: Aggregation and Disaggregation in the Pure Theory of Capital and Growth: A New Parable Length: 31 pages Creation-Date: 1970 Number: 292 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0292.pdf File-Format: application/pdf File-Size: 708 kb Handle: RePEc:cwl:cwldpp:292 Template-type: ReDIF-Paper 1.0 Author-Name: E.J. Hannan Author-X-Name-First: E.J. Author-X-Name-Last: Hannan Author-Name: D.F. Nichols Author-X-Name-First: D.F. Author-X-Name-Last: Nichols Title: The Estimation of Mixed Regression, Autoregression, Moving Average and Distributed Lag Models Note: CFP 380. Length: 29 pages Creation-Date: 1970 Number: 291 Publication-Status: Published in Econometrica (May 1972), 40(3): 529-547 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0380.pdf File-Format: application/pdf File-Size: 713 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0291.pdf File-Format: application/pdf File-Size: 697 kb Handle: RePEc:cwl:cwldpp:291 Template-type: ReDIF-Paper 1.0 Author-Name: Roger E. Alcaly Author-X-Name-First: Roger E. Author-X-Name-Last: Alcaly Author-Name: Alvin K. Klevorick Author-X-Name-First: Alvin K. Author-X-Name-Last: Klevorick Author-Email: alvin.klevorick@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/klevorick.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Food Prices in Relation to Income Levels in New York City Note: CFP 356. Length: 38 pages Creation-Date: 1970 Number: 290 Publication-Status: Published in Journal of Business of the University of Chicago (1971), 44: 380-397 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0356.pdf File-Format: application/pdf File-Size: 1287 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0290.pdf File-Format: application/pdf File-Size: 1244 kb Handle: RePEc:cwl:cwldpp:290 Template-type: ReDIF-Paper 1.0 Author-Name: Richard E. Levitan Author-X-Name-First: Richard E. Author-X-Name-Last: Levitan Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Duopoly with Price and Quantity as Strategic Variables Note: CFP 468. Length: 19 pages Creation-Date: 1970 Number: 289 Publication-Status: Published in International Journal of Game Theory (1978), 7(1): 1-11 File-URL: http://cowles.econ.yale.edu/P/cp/p04b/p0468.pdf File-Format: application/pdf File-Size: 391 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0289.pdf File-Format: application/pdf File-Size: 382 kb Handle: RePEc:cwl:cwldpp:289 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Pecuniary Externalities: A Game Theoretic Analysis Note: CFP 355. Length: 12 pages Creation-Date: 1970 Number: 288 Publication-Status: Published in American Economic Review (1971), 61: 713-718 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0355.pdf File-Format: application/pdf File-Size: 388 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0288.pdf File-Format: application/pdf File-Size: 351 kb Handle: RePEc:cwl:cwldpp:288 Template-type: ReDIF-Paper 1.0 Author-Name: Richard E. Levitan Author-X-Name-First: Richard E. Author-X-Name-Last: Levitan Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Price Duopoly and Capacity Constraints Note: CFP 363. Length: 20 pages Creation-Date: 1970 Number: 287 Publication-Status: Published in International Economic Review (February 1972), 13(1): 111-122 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0363.pdf File-Format: application/pdf File-Size: 461 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0287.pdf File-Format: application/pdf File-Size: 489 kb Handle: RePEc:cwl:cwldpp:287 Template-type: ReDIF-Paper 1.0 Author-Name: Martin L. Weitzman Author-X-Name-First: Martin L. Author-X-Name-Last: Weitzman Title: Material Balances under Uncertainty Note: CFP 347. Length: 35 pages Creation-Date: 1969 Number: 286 Publication-Status: Published in Quarterly Journal of Economics (1971), 85: 262-282 File-URL: http://cowles.econ.yale.edu/P/cp/p03a/p0347.pdf File-Format: application/pdf File-Size: 1037 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0286.pdf File-Format: application/pdf File-Size: 901 kb Handle: RePEc:cwl:cwldpp:286 Template-type: ReDIF-Paper 1.0 Author-Name: David M.C. Newbery Author-X-Name-First: David M.C. Author-X-Name-Last: Newbery Author-Name: A.B. Atkinson Author-X-Name-First: A.B. Author-X-Name-Last: Atkinson Title: Investment, Savings and Employment in the Long-Run Length: 49 pages Creation-Date: 1969 Number: 285 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0285.pdf File-Format: application/pdf File-Size: 1097 kb Handle: RePEc:cwl:cwldpp:285 Template-type: ReDIF-Paper 1.0 Author-Name: Gerald H. Kramer Author-X-Name-First: Gerald H. Author-X-Name-Last: Kramer Title: On a Class of Equilibrium Conditions for Majority Rule Note: CFP 397. Length: 27 pages Creation-Date: 1969 Number: 284 Publication-Status: Published in Econometrica (March 1972), 41(2): 285-297 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0397.pdf File-Format: application/pdf File-Size: 645 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0284.pdf File-Format: application/pdf File-Size: 561 kb Handle: RePEc:cwl:cwldpp:284 Template-type: ReDIF-Paper 1.0 Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Money and Income: Post Hoc Ergo Propter Hoc? Note: CFP 323. Length: 23 pages Creation-Date: 1969 Number: 283 Publication-Status: Published in Quarterly Journal of Economics (1970), 84: 301-329 File-URL: http://cowles.econ.yale.edu/P/cp/p03a/p0323.pdf File-Format: application/pdf File-Size: 1404 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0283.pdf File-Format: application/pdf File-Size: 595 kb Handle: RePEc:cwl:cwldpp:283 Template-type: ReDIF-Paper 1.0 Author-Name: Thayer H. Watkins Author-X-Name-First: Thayer H. Author-X-Name-Last: Watkins Title: Borrowing-Lending Interest Rate Differentials and the Time Allocation of Consumption Length: 34 pages Creation-Date: 1969 Number: 282 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0282.pdf File-Format: application/pdf File-Size: 769 kb Handle: RePEc:cwl:cwldpp:282 Template-type: ReDIF-Paper 1.0 Author-Name: David M.C. Newbery Author-X-Name-First: David M.C. Author-X-Name-Last: Newbery Title: An Analysis of the Importance of the Malleable Capital Assumption in Optimal Growth Models Length: 31 pages Creation-Date: 1969 Number: 281 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0281.pdf File-Format: application/pdf File-Size: 534 kb Handle: RePEc:cwl:cwldpp:281 Template-type: ReDIF-Paper 1.0 Author-Name: Luigi M. Tomasini Author-X-Name-First: Luigi M. Author-X-Name-Last: Tomasini Title: Economic Aspects of Information Length: 18 pages Creation-Date: 1969 Number: 280 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0280.pdf File-Format: application/pdf File-Size: 493 kb Handle: RePEc:cwl:cwldpp:280 Template-type: ReDIF-Paper 1.0 Author-Name: David M. Grether Author-X-Name-First: David M. Author-X-Name-Last: Grether Title: Distributed Lags, Prediction, and Signal Extraction Length: 37 pages Creation-Date: 1969 Number: 279 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0279.pdf File-Format: application/pdf File-Size: 609 kb Handle: RePEc:cwl:cwldpp:279 Template-type: ReDIF-Paper 1.0 Author-Name: David M.C. Newbery Author-X-Name-First: David M.C. Author-X-Name-Last: Newbery Title: The Choice of Techniques in a Dual Economy Length: 54 pages Creation-Date: 1969 Number: 278 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0278.pdf File-Format: application/pdf File-Size: 1049 kb Handle: RePEc:cwl:cwldpp:278 Template-type: ReDIF-Paper 1.0 Author-Name: Terje Hansen Author-X-Name-First: Terje Author-X-Name-Last: Hansen Title: A Fixed Point Algorithm for Approximating the Optimal Solution of a Concave Programming Problem Length: 17 pages Creation-Date: 1969 Number: 277 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0277.pdf File-Format: application/pdf File-Size: 325 kb Handle: RePEc:cwl:cwldpp:277 Template-type: ReDIF-Paper 1.0 Author-Name: Herbert E. Scarf Author-X-Name-First: Herbert E. Author-X-Name-Last: Scarf Author-Email: herbert.scarf@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/scarf.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: An Example of an Algorithm for Calculating General Equilibrium Note: CFP 308. Length: 23 pages Creation-Date: 1969 Number: 276 Publication-Status: Published in American Economic Review (1969), 59(4)(1): 669-677 File-URL: http://cowles.econ.yale.edu/P/cp/p03a/p0308.pdf File-Format: application/pdf File-Size: 575 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0276.pdf File-Format: application/pdf File-Size: 475 kb Handle: RePEc:cwl:cwldpp:276 Template-type: ReDIF-Paper 1.0 Author-Name: Michael Rothschild Author-X-Name-First: Michael Author-X-Name-Last: Rothschild Author-Name: Joseph E. Stiglitz Author-X-Name-First: Joseph E. Author-X-Name-Last: Stiglitz Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Increasing Risk: A Definition and Its Economic Consequences Note: CFP 341ab. Length: 45 pages Creation-Date: 1969 Number: 275 Publication-Status: Published in Journal of Economic Theory (September 1970), 2(3): 255-243 and (March 1971), 3(1): 66-84 1970 and 3, 1971 File-URL: http://cowles.econ.yale.edu/P/cp/p03a/p0341ab.pdf File-Format: application/pdf File-Size: 1301 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0275.pdf File-Format: application/pdf File-Size: 853 kb Handle: RePEc:cwl:cwldpp:275 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Game Theory, Behavior and the Paradox of the Prisoners Dilemma -- 3 Solutions Length: 31 pages Creation-Date: 1969 Number: 274 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0274.pdf File-Format: application/pdf File-Size: 720 kb Handle: RePEc:cwl:cwldpp:274 Template-type: ReDIF-Paper 1.0 Author-Name: Martin L. Weitzman Author-X-Name-First: Martin L. Author-X-Name-Last: Weitzman Title: Optimal Growth with Scale Economies in Overhead Capital Abstract: Summary: Following closely the approach to optimal economic growth taken in the work of Frank Ramsey (1928), a highly simplified two-sector model is presented in which the "overhead capital" sector exhibits increasing returns to scale. Basic properties of the optimal growth path are discussed and the optimal policy is explicitly demonstrated for a special case. From an economic standpoint, the model might be relevant in bearing on some issues of development programming. Mathematically, this kind of a model has an interesting structure because it is a combination of convex and concave sub-problems. Note: CFP 334. Length: 41 pages Note: No page 30. CFP 334. Creation-Date: 1969 Number: 273 Publication-Status: Published in Review of Economic Studies (October 1970), 37(4): 556-570 File-URL: http://cowles.econ.yale.edu/P/cp/p03a/p0334.pdf File-Format: application/pdf File-Size: 818 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0273.pdf File-Format: application/pdf File-Size: 770 kb Handle: RePEc:cwl:cwldpp:273 Template-type: ReDIF-Paper 1.0 Author-Name: Terje Hensen Author-X-Name-First: Terje Author-X-Name-Last: Hansen Author-Name: Herbert E. Scarf Author-X-Name-First: Herbert E. Author-X-Name-Last: Scarf Author-Email: herbert.scarf@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/scarf.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: On The Applications of a Recent Combinatorial Algorithm Length: 43 pages Creation-Date: 1969 Number: 272 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0272.pdf File-Format: application/pdf File-Size: 831 kb Handle: RePEc:cwl:cwldpp:272 Template-type: ReDIF-Paper 1.0 Author-Name: Marc Nerlove Author-X-Name-First: Marc Author-X-Name-Last: Nerlove Title: A Note on a Variance-Components Model Useful in the Study of Cross-Sections over Time Length: 23 pages Creation-Date: 1969 Number: 271 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0271.pdf File-Format: application/pdf File-Size: 393 kb Handle: RePEc:cwl:cwldpp:271 Template-type: ReDIF-Paper 1.0 Author-Name: Richard E. Levitan Author-X-Name-First: Richard E. Author-X-Name-Last: Levitan Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Price Variation Duopoly with Differentiated Products and Random Demand Note: CFP 342. Length: 29 pages Creation-Date: 1969 Number: 270 Publication-Status: Published in Journal of Economic Theory (March 1971), 3(1): 23-39 File-URL: http://cowles.econ.yale.edu/P/cp/p03a/p0342.pdf File-Format: application/pdf File-Size: 593 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0270.pdf File-Format: application/pdf File-Size: 571 kb Handle: RePEc:cwl:cwldpp:270 Template-type: ReDIF-Paper 1.0 Author-Name: Joseph B. Kadane Author-X-Name-First: Joseph B. Author-X-Name-Last: Kadane Title: Comparison of k-Class Estimators When the Disturbances Are Small Note: CFP 364. Length: 25 pages Creation-Date: 1969 Number: 269 Publication-Status: Published in Econometrica (September 1971), 39(5): 723-737 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0364.pdf File-Format: application/pdf File-Size: 507 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0269.pdf File-Format: application/pdf File-Size: 545 kb Handle: RePEc:cwl:cwldpp:269 Template-type: ReDIF-Paper 1.0 Author-Name: Alvin K. Klevorick Author-X-Name-First: Alvin K. Author-X-Name-Last: Klevorick Author-Email: alvin.klevorick@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/klevorick.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Risk Aversion over Time and a Capital-Budgeting Problem Length: 76 pages Creation-Date: 1969 Number: 268 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0268.pdf File-Format: application/pdf File-Size: 1875 kb Handle: RePEc:cwl:cwldpp:268 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: The 'Bridge Game' Economy Note: CFP 354. Length: 6 pages Creation-Date: 1969 Number: 267 Publication-Status: Published in Journal of Political Economy (1971), 79: 909-912 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0354.pdf File-Format: application/pdf File-Size: 155 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0267.pdf File-Format: application/pdf File-Size: 132 kb Handle: RePEc:cwl:cwldpp:267 Template-type: ReDIF-Paper 1.0 Author-Name: Martin L. Weitzman Author-X-Name-First: Martin L. Author-X-Name-Last: Weitzman Title: Shiftable vs. Non-Shiftable Capital: A Synthesis Note: CFP 349. Length: 34 pages Creation-Date: 1969 Number: 266 Publication-Status: Published in Econometrica (May 1971), 39(3): 511-529 File-URL: http://cowles.econ.yale.edu/P/cp/p03a/p0349.pdf File-Format: application/pdf File-Size: 860 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0266.pdf File-Format: application/pdf File-Size: 689 kb Handle: RePEc:cwl:cwldpp:266 Template-type: ReDIF-Paper 1.0 Author-Name: William D. Nordhaus Author-X-Name-First: William D. Author-X-Name-Last: Nordhaus Author-Email: william.nordhaus@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/nordhaus.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: An Economic Theory of Technological Change Note: CFP 297. Length: 27 pages Creation-Date: 1969 Number: 265 Publication-Status: Published in American Economic Review, Papers and Proceedings (1969), 59: 19-28 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0297.pdf File-Format: application/pdf File-Size: 761 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0265.pdf File-Format: application/pdf File-Size: 578 kb Handle: RePEc:cwl:cwldpp:265 Template-type: ReDIF-Paper 1.0 Author-Name: Thayer H. Watkins Author-X-Name-First: Thayer H. Author-X-Name-Last: Watkins Title: The Time Allocation of Consumption under Debt Limitations Length: 39 pages Creation-Date: 1969 Number: 264 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0264.pdf File-Format: application/pdf File-Size: 650 kb Handle: RePEc:cwl:cwldpp:264 Template-type: ReDIF-Paper 1.0 Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: Craig Swan Author-X-Name-First: Craig Author-X-Name-Last: Swan Title: Money and Permanent Income: Some Empirical Tests Note: CFP 296. Length: 23 pages Creation-Date: 1969 Number: 263 Publication-Status: Published in American Economic Review, Papers and Proceedings (1969), 59: 285-295 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0296.pdf File-Format: application/pdf File-Size: 582 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0263.pdf File-Format: application/pdf File-Size: 515 kb Handle: RePEc:cwl:cwldpp:263 Template-type: ReDIF-Paper 1.0 Author-Name: Joseph E. Stiglitz Author-X-Name-First: Joseph E. Author-X-Name-Last: Stiglitz Title: A Note on Behavior towards Risk with Many Commodities Note: CFP 327. Length: 14 pages Creation-Date: 1969 Number: 262 Publication-Status: Published in Econometrica (October 1969), 37(4): 660-667 File-URL: http://cowles.econ.yale.edu/P/cp/p03a/p0327.pdf File-Format: application/pdf File-Size: 353 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0262.pdf File-Format: application/pdf File-Size: 374 kb Handle: RePEc:cwl:cwldpp:262 Template-type: ReDIF-Paper 1.0 Author-Name: David M. Grether Author-X-Name-First: David M. Author-X-Name-Last: Grether Author-Name: Marc Nerlove Author-X-Name-First: Marc Author-X-Name-Last: Nerlove Title: Some Properties of 'Optimal' Seasonal Adjustment Note: CFP 339. Length: 64 pages Creation-Date: 1968 Number: 261 Publication-Status: Published in Econometrica (September 1970), 38(5): 682-703 File-URL: http://cowles.econ.yale.edu/P/cp/p03a/p0339.pdf File-Format: application/pdf File-Size: 1030 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0261.pdf File-Format: application/pdf File-Size: 1382 kb Handle: RePEc:cwl:cwldpp:261 Template-type: ReDIF-Paper 1.0 Author-Name: Nils H. Hakansson Author-X-Name-First: Nils H. Author-X-Name-Last: Hakansson Title: Optimal Entrepreneurial Decisions in a Completely Stochastic Environment Note: CFP 338. Length: 53 pages Creation-Date: 1968 Number: 260 Publication-Status: Published in Management Science (March 1971), 17(7): 427-449 File-URL: http://cowles.econ.yale.edu/P/cp/p03a/p0338.pdf File-Format: application/pdf File-Size: 1288 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0260.pdf File-Format: application/pdf File-Size: 1249 kb Handle: RePEc:cwl:cwldpp:260 Template-type: ReDIF-Paper 1.0 Author-Name: George Eads Author-X-Name-First: George Author-X-Name-Last: Eads Author-Name: Marc Nerlove Author-X-Name-First: Marc Author-X-Name-Last: Nerlove Author-Name: William Raduchel Author-X-Name-First: William Author-X-Name-Last: Raduchel Title: A Long-Run Cost Function for the Local Service Airline Industry: An Experiment on Non-Linear Estimation Note: CFP 298. Length: 53 pages Creation-Date: 1968 Number: 259 Publication-Status: Published in Review of Economics and Statistics (August 1969), 51(3): 258-270 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0298.pdf File-Format: application/pdf File-Size: 1293 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0259.pdf File-Format: application/pdf File-Size: 1116 kb Handle: RePEc:cwl:cwldpp:259 Template-type: ReDIF-Paper 1.0 Author-Name: Yakar Kannai Author-X-Name-First: Yakar Author-X-Name-Last: Kannai Title: Countably Additive Measures in Cores of Games Note: CFP 294. Length: 18 pages Creation-Date: 1968 Number: 258 Publication-Status: Published in Journal of Mathematical Analysis and Applications (August 1969), 27(2): 228-240 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0294.pdf File-Format: application/pdf File-Size: 595 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0259.pdf File-Format: application/pdf File-Size: 1116 kb Handle: RePEc:cwl:cwldpp:258 Template-type: ReDIF-Paper 1.0 Author-Name: Marc Nerlove Author-X-Name-First: Marc Author-X-Name-Last: Nerlove Title: Further Evidence on the Estimation of Dynamic Economic Relations from a Time Series of Cross-Sections Note: CFP 348b. Length: 129 pages Creation-Date: 1968 Number: 257 Publication-Status: Published in Econometrica (March 1971), 39(2): 359-382 File-URL: http://cowles.econ.yale.edu/P/cp/p03a/p0348b.pdf File-Format: application/pdf File-Size: 1319 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0257.pdf File-Format: application/pdf File-Size: 4002 kb Handle: RePEc:cwl:cwldpp:257 Template-type: ReDIF-Paper 1.0 Author-Name: Martin L. Weitzman Author-X-Name-First: Martin L. Author-X-Name-Last: Weitzman Title: Soviet Postwar Economic Growth and Capital Labor Substitution Note: CFP 333. Length: 59 pages Creation-Date: 1968 Number: 256 Publication-Status: Published in American Economic Review (1979), 60(4): 677-692 File-URL: http://cowles.econ.yale.edu/P/cp/p03a/p0333.pdf File-Format: application/pdf File-Size: 1245 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0256.pdf File-Format: application/pdf File-Size: 989 kb Handle: RePEc:cwl:cwldpp:256 Template-type: ReDIF-Paper 1.0 Author-Name: Joseph B. Kadane Author-X-Name-First: Joseph B. Author-X-Name-Last: Kadane Author-Name: Gordon H. Lewis Author-X-Name-First: Gordon H. Author-X-Name-Last: Lewis Title: Regularity in the Distribution of Participation in Group Discussions Abstract: Reports have been published indicating striking regularities in the distribution of participation in group discussions, regularities potentially important in the understanding of small group processes. Several attempts to explain the form of the regularity contain implications for many sociological analyses. These attempts to explain the regularity are found to be inadequate; at the same time, the regularity is found to be somewhat doubtful. Note: CFP 304ab. Length: 47 pages Creation-Date: 1968 Number: 255 Publication-Status: Published in American Sociological Review (October 1969), 34(5): 710-724 File-URL: http://cowles.econ.yale.edu/P/cp/p03a/p0304ab.pdf File-Format: application/pdf File-Size: 1012 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0255.pdf File-Format: application/pdf File-Size: 985 kb Handle: RePEc:cwl:cwldpp:255 Template-type: ReDIF-Paper 1.0 Author-Name: Joseph B. Kadane Author-X-Name-First: Joseph B. Author-X-Name-Last: Kadane Author-Name: Gordon H. Lewis Author-X-Name-First: Gordon Author-X-Name-Last: Lewis Author-Name: John G. Ramage Author-X-Name-First: John G. Author-X-Name-Last: Ramage Title: Stochastic Theories of Participation Abstract: A recent mathematical model by Horvath which predicts the process of participation in group discussions is compared to several alternative models. The models can be applied to data for which the basic unit is the act and to data for which the basic unit is a continuous sequence of acts. In both cases, when statistical tests of significance are employed, most of the more restrictive models are rejected. Note: CFP 310. Length: 63 pages Creation-Date: 1968 Number: 254 Publication-Status: Published in Sociometry (September 1969), 32(3): 358-365 File-URL: http://cowles.econ.yale.edu/P/cp/p03a/p0310.pdf File-Format: application/pdf File-Size: 717 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0254.pdf File-Format: application/pdf File-Size: 1103 kb Handle: RePEc:cwl:cwldpp:254 Template-type: ReDIF-Paper 1.0 Author-Name: William H. Branson Author-X-Name-First: William H. Author-X-Name-Last: Branson Author-Name: Alvin K. Klevorick Author-X-Name-First: Alvin K. Author-X-Name-Last: Klevorick Author-Email: alvin.klevorick@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/klevorick.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Money Illusion, Price Expectations, and the Aggregate Consumption Function Note: CFP 312. Length: 60 pages Creation-Date: 1968 Number: 253 Publication-Status: Published in American Economic Review (1969), 59: 832-849 File-URL: http://cowles.econ.yale.edu/P/cp/p03a/p0312.pdf File-Format: application/pdf File-Size: 1409 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0253.pdf File-Format: application/pdf File-Size: 1717 kb Handle: RePEc:cwl:cwldpp:253 Template-type: ReDIF-Paper 1.0 Author-Name: Joseph E. Stiglitz Author-X-Name-First: Joseph E. Author-X-Name-Last: Stiglitz Title: Theory of Liquidity Preference and the Term Structure of Interest Rates Length: 45 pages Creation-Date: 1968 Number: 252 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0252.pdf File-Format: application/pdf File-Size: 920 kb Handle: RePEc:cwl:cwldpp:252 Template-type: ReDIF-Paper 1.0 Author-Name: Joseph B. Kadane Author-X-Name-First: Joseph B. Author-X-Name-Last: Kadane Title: The Distribution, When the Residuals Are Small, of Statistics Testing Overidentifying Restrictions Abstract: In the estimation of simultaneous equation econometric models, overidentifying restrictions improve estimates of the remaining parameters. Natural test statistics for the hypothesis that an equation is overidentified have been developed by Anderson and Rubin and by Basmann. If the residuals are jointly normal, serially uncorrelated, and small, both the above overidentification test statistics have the Snedecor F distribution asymptotically as the variance of the residuals get small. This gives analytic confirmation of Monte Carlo results of Basmann. The results given apply to linear models in which predetermined variables can be exogenous or lagged endogenous. Note: CFP 326. Length: 10 pages Creation-Date: 1968 Number: 251 Publication-Status: Published in Journal of the American Statistical Association (March 1970), 65(329): 182-184 File-URL: http://cowles.econ.yale.edu/P/cp/p03a/p0326.pdf File-Format: application/pdf File-Size: 215 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0251.pdf File-Format: application/pdf File-Size: 255 kb Handle: RePEc:cwl:cwldpp:251 Template-type: ReDIF-Paper 1.0 Author-Name: Charles W. Bischoff Author-X-Name-First: Charles W. Author-X-Name-Last: Bischoff Title: Lags in Fiscal and Monetary Impacts on Investment in Producers Durable Equipment Length: 100 pages Creation-Date: 1968 Number: 250 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02b/d0250.pdf File-Format: application/pdf File-Size: 2930 kb Handle: RePEc:cwl:cwldpp:250 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Note on a Simulated Stock Market Length: 21 pages Creation-Date: 1968 Number: 249 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0249.pdf File-Format: application/pdf File-Size: 476 kb Handle: RePEc:cwl:cwldpp:249 Template-type: ReDIF-Paper 1.0 Author-Name: Joseph E. Stiglitz Author-X-Name-First: Joseph E. Author-X-Name-Last: Stiglitz Title: The Effects of Income, Wealth, and Capital Gains Taxation on Risk Taking Note: CFP 293. Length: 22 pages Creation-Date: 1968 Number: 248 Publication-Status: Published in Quarterly Journal of Economics (1969), 83: 263-283 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0293.pdf File-Format: application/pdf File-Size: 703 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0248.pdf File-Format: application/pdf File-Size: 541 kb Handle: RePEc:cwl:cwldpp:248 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/nordhaus.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: David H. Stern Author-X-Name-First: David H. Author-X-Name-Last: Stern Title: Some Experimental Non-Constant-Sum Games Revisited. Perception of Opponent's Payoffs. Part III Length: 46 pages Creation-Date: 1968 Number: 247 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0247.pdf File-Format: application/pdf File-Size: 1312 kb Handle: RePEc:cwl:cwldpp:247 Template-type: ReDIF-Paper 1.0 Author-Name: James W. Friedman Author-X-Name-First: James W. Author-X-Name-Last: Friedman Title: An Experimental Research in Oligopoly Length: 42 pages Creation-Date: 1968 Number: 246 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0246.pdf File-Format: application/pdf File-Size: 1081 kb Handle: RePEc:cwl:cwldpp:246 Template-type: ReDIF-Paper 1.0 Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Notes on Optimal Monetary Growth Note: CFP 288. Length: 48 pages Creation-Date: 1968 Number: 245 Publication-Status: Published in Journal of Political Economy (July/August 1968, 76(4): 833-859 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0288.pdf File-Format: application/pdf File-Size: 1135 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0245.pdf File-Format: application/pdf File-Size: 1125 kb Handle: RePEc:cwl:cwldpp:245 Template-type: ReDIF-Paper 1.0 Author-Name: William C. Brainard Author-X-Name-First: William C. Author-X-Name-Last: Brainard Author-Email: william.brainard@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/brainard.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Pitfalls in Financial Model-Building Note: CFP 279. Length: 37 pages Creation-Date: 1968 Number: 244 Publication-Status: Published in American Economic Review (May 1968), 58(2): 99-122 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0279.pdf File-Format: application/pdf File-Size: 1153 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0244.pdf File-Format: application/pdf File-Size: 913 kb Handle: RePEc:cwl:cwldpp:244 Template-type: ReDIF-Paper 1.0 Author-Name: Joseph B. Kadane Author-X-Name-First: Joseph B. Author-X-Name-Last: Kadane Title: Quiz Show Problems Note: CFP 300. Length: 22 pages Creation-Date: 1968 Number: 243 Publication-Status: Published in Journal of Mathematical Analysis and Applications (September 1969), 27(3): 609-623 File-URL: http://cowles.econ.yale.edu/P/cp/p03a/p0300.pdf File-Format: application/pdf File-Size: 580 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0243.pdf File-Format: application/pdf File-Size: 552 kb Handle: RePEc:cwl:cwldpp:243 Template-type: ReDIF-Paper 1.0 Author-Name: Joseph E. Stiglitz Author-X-Name-First: Joseph E. Author-X-Name-Last: Stiglitz Title: A Re-Examination of the Modigliani Miller Theorem Note: CFP 314. Length: 45 pages Creation-Date: 1967 Number: 242 Publication-Status: Published in Review of Economics and Statistics (1969), 59(5): 784-793 File-URL: http://cowles.econ.yale.edu/P/cp/p03a/p0314.pdf File-Format: application/pdf File-Size: 663 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0242.pdf File-Format: application/pdf File-Size: 996 kb Handle: RePEc:cwl:cwldpp:242 Template-type: ReDIF-Paper 1.0 Author-Name: William D. Nordhaus Author-X-Name-First: William D. Author-X-Name-Last: Nordhaus Author-Email: william.nordhaus@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/nordhaus.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: The Optimal Life of a Patent Abstract: One of the important peculiarities of information is that it is expensive to produce but cheap to reproduce. How does a price system react to this phenomenon? One reaction will be to avoid the production of information altogether. Alternatively, firms may decide to keep their information to themselves. In other cases the price system breaks down into imperfect competition. All three of these laissez-faire reactions are inefficient and it may be argued that it is desirable to impose social controls like a patent system or government control on the market for information. In the present paper we discuss some economic aspects of a patent system. Length: 38 pages Creation-Date: 196711 Number: 241 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0241.pdf File-Format: application/pdf File-Size: 822 kb Handle: RePEc:cwl:cwldpp:241 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: David H. Stern Author-X-Name-First: David H. Author-X-Name-Last: Stern Title: Some Experimental Non-Constant-Sum Games Revisited. Part II Length: 42 pages Note: Pagination is off. Creation-Date: 1967 Number: 240 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0240.pdf File-Format: application/pdf File-Size: 1025 kb Handle: RePEc:cwl:cwldpp:240 Template-type: ReDIF-Paper 1.0 Author-Name: Martin L. Weitzman Author-X-Name-First: Martin L. Author-X-Name-Last: Weitzman Title: Iterative Multi-Level Planning with Production Targets Note: CFP 332. Length: 31 pages Creation-Date: 1967 Number: 239 Publication-Status: Published in Econometrica (January 1970), 38(1): 50-65 File-URL: http://cowles.econ.yale.edu/P/cp/p03a/p0332.pdf File-Format: application/pdf File-Size: 762 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0239.pdf File-Format: application/pdf File-Size: 878 kb Handle: RePEc:cwl:cwldpp:239 Template-type: ReDIF-Paper 1.0 Author-Name: Joseph E. Stiglitz Author-X-Name-First: Joseph E. Author-X-Name-Last: Stiglitz Title: Distribution of Income and Wealth Among Individuals Note: CFP 320. Length: 32 pages Creation-Date: 1967 Number: 238 Publication-Status: Published in Econometrica (July 1969), 37(3): 383-397 File-URL: http://cowles.econ.yale.edu/P/cp/p03a/p0320.pdf File-Format: application/pdf File-Size: 777 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0238.pdf File-Format: application/pdf File-Size: 812 kb Handle: RePEc:cwl:cwldpp:238 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Note on Taxation, Increasing Returns Due to Set-up Costs and Competitive Equilibrium Length: 12 pages Creation-Date: 1967 Number: 237 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0237.pdf File-Format: application/pdf File-Size: 227 kb Handle: RePEc:cwl:cwldpp:237 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: David H. Stern Author-X-Name-First: David H. Author-X-Name-Last: Stern Title: Some Experimental Non-Constant-Sum Games Revisited. Part I Length: 24 pages Creation-Date: 1967 Number: 236 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0236.pdf File-Format: application/pdf File-Size: 536 kb Handle: RePEc:cwl:cwldpp:236 Template-type: ReDIF-Paper 1.0 Author-Name: Gavin Wright Author-X-Name-First: Gavin Author-X-Name-Last: Wright Title: An Econometric Study of Cotton Production and Trade Before 1860 Length: 27 pages Creation-Date: 1967 Number: 235 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0235.pdf File-Format: application/pdf File-Size: 606 kb Handle: RePEc:cwl:cwldpp:235 Template-type: ReDIF-Paper 1.0 Author-Name: James W. Friedman Author-X-Name-First: James W. Author-X-Name-Last: Friedman Title: A Noncooperative View of Oligopoly Note: CFP 351. Length: 33 pages Creation-Date: 1967 Number: 234 Publication-Status: Published in International Economic Review (1971), 12: 106-122 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0351.pdf File-Format: application/pdf File-Size: 779 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0234.pdf File-Format: application/pdf File-Size: 714 kb Handle: RePEc:cwl:cwldpp:234 Template-type: ReDIF-Paper 1.0 Author-Name: Lloyd S. Shapley Author-X-Name-First: Lloyd S. Author-X-Name-Last: Shapley Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Price Strategy Oligopoly with Product Variation Note: CFP 291. Length: 20 pages Creation-Date: 1967 Number: 233 Publication-Status: Published in Kyklos (1969), 22(1): 30-44 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0291.pdf File-Format: application/pdf File-Size: 470 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0233.pdf File-Format: application/pdf File-Size: 359 kb Handle: RePEc:cwl:cwldpp:233 Template-type: ReDIF-Paper 1.0 Author-Name: Herbert E. Scarf Author-X-Name-First: Herbert E. Author-X-Name-Last: Scarf Author-Email: herbert.scarf@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/scarf.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: On the Computation of Equilibrium Prices Note: CFP 271. Length: 40 pages Creation-Date: 1967 Number: 232 Publication-Status: Published in Ten Economic Studies in the Tradition of Irving Fisher, John Wiley, 1967, pp. 208-230 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0271.pdf File-Format: application/pdf File-Size: 748 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0232.pdf File-Format: application/pdf File-Size: 743 kb Handle: RePEc:cwl:cwldpp:232 Template-type: ReDIF-Paper 1.0 Author-Name: Donald D. Hester Author-X-Name-First: Donald D. Author-X-Name-Last: Hester Author-Name: James L. Pierce Author-X-Name-First: James L. Author-X-Name-Last: Pierce Title: Cross-Section Analysis and Bank Dynamics Note: No page 49. CFP 284. Length: 49 pages Creation-Date: 1967 Number: 231 Publication-Status: Published in Journal of Political Economy (July/August, 1968), 76(4): 755-776 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0284.pdf File-Format: application/pdf File-Size: 1126 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0231.pdf File-Format: application/pdf File-Size: 1185 kb Handle: RePEc:cwl:cwldpp:231 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Welfare, Static and Dynamic Solution Concepts Note: CFP 306. Length: 22 pages Creation-Date: 1967 Number: 230 Publication-Status: Published in Decision: Agregation et Dynamique des Ordres de Preference, Colloques Internationaux du C.N.R.S., Paris, 1968, pp. 265-285 File-URL: http://cowles.econ.yale.edu/P/cp/p03a/p0306.pdf File-Format: application/pdf File-Size: 956 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0230.pdf File-Format: application/pdf File-Size: 880 kb Handle: RePEc:cwl:cwldpp:230 Template-type: ReDIF-Paper 1.0 Author-Name: Richard Beals Author-X-Name-First: Richard Author-X-Name-Last: Beals Author-Name: Tjalling C. Koopmans Author-X-Name-First: Tjalling C. Author-X-Name-Last: Koopmans Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Maximizing Stationary Utility in a Constant Technology Note: CFP 309. Length: 22 pages Creation-Date: 1967 Number: 229 Publication-Status: Published in SIAM Journal of Applied Mathematics (September 1969), 17(5): 1001-1015 File-URL: http://cowles.econ.yale.edu/P/cp/p03a/p0309.pdf File-Format: application/pdf File-Size: 622 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0229.pdf File-Format: application/pdf File-Size: 457 kb Handle: RePEc:cwl:cwldpp:229 Template-type: ReDIF-Paper 1.0 Author-Name: Tjalling C. Koopmans Author-X-Name-First: Tjalling C. Author-X-Name-Last: Koopmans Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Intertemporal Distribution and 'Optimal' Aggregate Economic Growth Note: CFP 269. Length: 50 pages Creation-Date: 1967 Number: 228 Publication-Status: Published in Ten Economic Studies in the Tradition of Irving Fisher, John Wiley, 1967, pp. 95-126 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0269.pdf File-Format: application/pdf File-Size: 995 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0228.pdf File-Format: application/pdf File-Size: 1039 kb Handle: RePEc:cwl:cwldpp:228 Template-type: ReDIF-Paper 1.0 Author-Name: Levitan, Richard E. Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Part VII: The Nonsymmetric Game: The Generalized Beat-the-Average Solution Length: 9 pages Creation-Date: 1967 Number: 227 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0227.pdf File-Format: application/pdf File-Size: 158 kb Handle: RePEc:cwl:cwldpp:227 Template-type: ReDIF-Paper 1.0 Author-Name: Daniel S. Hammermesh Author-X-Name-First: Daniel S. Author-X-Name-Last: Hammermesh Title: Spectral Analysis of the Relation between Employment Changes and Output Changes Length: 29 pages Creation-Date: 1967 Number: 226 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0226.pdf File-Format: application/pdf File-Size: 769 kb Handle: RePEc:cwl:cwldpp:226 Template-type: ReDIF-Paper 1.0 Author-Name: Richard E. Levitan Author-X-Name-First: Richard E. Author-X-Name-Last: Levitan Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Part V: The Nonsymmetric Game: Joint Maximum, Efficient Solution and Measures of Collusion and Welfare Length: 19 pages Creation-Date: 1967 Number: 225 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0225.pdf File-Format: application/pdf File-Size: 359 kb Handle: RePEc:cwl:cwldpp:225 Template-type: ReDIF-Paper 1.0 Author-Name: Richard E. Levitan Author-X-Name-First: Richard E. Author-X-Name-Last: Levitan Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: The Cournot Equilibrium in a Nonsymmetric Oligopolistic Market (A Business Game for Teaching and Research Purposes: Part VI) Length: 9 pages Creation-Date: 1967 Number: 224 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0224.pdf File-Format: application/pdf File-Size: 140 kb Handle: RePEc:cwl:cwldpp:224 Template-type: ReDIF-Paper 1.0 Author-Name: John E. Spencer Author-X-Name-First: John E. Author-X-Name-Last: Spencer Title: An Empirical Analysis of the Postwar Savings and Loan Industry Length: 38 pages Creation-Date: 1967 Number: 223 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0223.pdf File-Format: application/pdf File-Size: 984 kb Handle: RePEc:cwl:cwldpp:223 Template-type: ReDIF-Paper 1.0 Author-Name: Terje Hansen Author-X-Name-First: Terje Author-X-Name-Last: Hansen Title: A Note on the Limit of the Core of an Exchange Economy Length: 10 pages Creation-Date: 1967 Number: 222 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0222.pdf File-Format: application/pdf File-Size: 158 kb Handle: RePEc:cwl:cwldpp:222 Template-type: ReDIF-Paper 1.0 Author-Name: Marc Nerlove Author-X-Name-First: Marc Author-X-Name-Last: Nerlove Title: Distributed Lags and Unobserved Components in Economic Time Series Note: CFP 270. Length: 59 pages Creation-Date: 1967 Number: 221 Publication-Status: Published in Ten Economic Studies in the Tradition of Irving Fisher, John Wiley, 1967, pp. 128-169 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0270.pdf File-Format: application/pdf File-Size: 1470 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0221.pdf File-Format: application/pdf File-Size: 1370 kb Handle: RePEc:cwl:cwldpp:221 Template-type: ReDIF-Paper 1.0 Author-Name: Joseph B. Kadane Author-X-Name-First: Joseph B. Author-X-Name-Last: Kadane Title: The Role of the Neyman Pearson Lemma in the Theory of Discrete Search Note: CFP 283. Length: 19 pages Creation-Date: 1967 Number: 220 Publication-Status: Published in Journal of Mathematical Analysis and Applications (April 1968), 22(1): 156-171 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0283.pdf File-Format: application/pdf File-Size: 613 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0220.pdf File-Format: application/pdf File-Size: 373 kb Handle: RePEc:cwl:cwldpp:220 Template-type: ReDIF-Paper 1.0 Author-Name: Richard E. Levitan Author-X-Name-First: Richard E. Author-X-Name-Last: Levitan Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Part IV: Mathematical Structure and Analysis of the Nonsymmetric Game Length: 41 pages Creation-Date: 1967 Number: 219 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0219.pdf File-Format: application/pdf File-Size: 930 kb Handle: RePEc:cwl:cwldpp:219 Template-type: ReDIF-Paper 1.0 Author-Name: Gerald H. Kramer Author-X-Name-First: Gerald H. Author-X-Name-Last: Kramer Title: An Impossibility Result Concerning the Theory of Decision-Making Note: CFP 274. Length: 21 pages Creation-Date: 1967 Number: 218 Publication-Status: Published in J.L. Bernd (ed.), Mathematical Applications in Political Science, Vol. III, University Press of Virginia, 1967, pp. 39-51 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0274.pdf File-Format: application/pdf File-Size: 627 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0218.pdf File-Format: application/pdf File-Size: 583 kb Handle: RePEc:cwl:cwldpp:218 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Further Comparison of Some Models of Duopoly Note: CFP 285. Length: 33 pages Creation-Date: 1967 Number: 217 Publication-Status: Published in Western Economic Journal (September 1968), 6(4): 260-276 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0285.pdf File-Format: application/pdf File-Size: 798 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0217.pdf File-Format: application/pdf File-Size: 673 kb Handle: RePEc:cwl:cwldpp:217 Template-type: ReDIF-Paper 1.0 Author-Name: Herbert E. Scarf Author-X-Name-First: Herbert E. Author-X-Name-Last: Scarf Author-Email: herbert.scarf@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/scarf.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: The Approximation of Fixed Points of a Continuous Mapping Note: CFP 262. Length: 29 pages Creation-Date: 1967 Number: 216R Publication-Status: Published in SIAM Journal of Applied Mathematics (September 1967), 15(5): 1328-1343 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0262.pdf File-Format: application/pdf File-Size: 671 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0216-r.pdf File-Format: application/pdf File-Size: 615 kb Handle: RePEc:cwl:cwldpp:216R Template-type: ReDIF-Paper 1.0 Author-Name: David Cass Author-X-Name-First: David Author-X-Name-Last: Cass Author-Name: Menahem E. Yaari Author-X-Name-First: Menahem E. Author-X-Name-Last: Yaari Title: A Note on the Role of Money in Providing Sufficient Intermediation Length: 30 pages Creation-Date: 1966 Number: 215 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0215.pdf File-Format: application/pdf File-Size: 746 kb Handle: RePEc:cwl:cwldpp:215 Template-type: ReDIF-Paper 1.0 Author-Name: Edmond S. Phelps Author-X-Name-First: Edmond S. Author-X-Name-Last: Phelps Title: Optimal Employment and Inflation over Time Length: 85 pages Creation-Date: 1966 Number: 214 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0214.pdf File-Format: application/pdf File-Size: 2522 kb Handle: RePEc:cwl:cwldpp:214 Template-type: ReDIF-Paper 1.0 Author-Name: Thomas J. Rothenberg Author-X-Name-First: Thomas J. Author-X-Name-Last: Rothenberg Title: Structural Restrictions and Estimation Efficiency in Linear Econometric Models Length: 57 pages Creation-Date: 1966 Number: 213 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0213.pdf File-Format: application/pdf File-Size: 1330 kb Handle: RePEc:cwl:cwldpp:213 Template-type: ReDIF-Paper 1.0 Author-Name: Tjalling C. Koopmans Author-X-Name-First: Tjalling C. Author-X-Name-Last: Koopmans Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Objectives, Constraints and Outcomes in Optimal Growth Models Note: CFP 276. Length: 25 pages Creation-Date: 1966 Number: 212 Publication-Status: Published in Econometrica (January 1967), 35(1): 1-15 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0276.pdf File-Format: application/pdf File-Size: 878 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0212.pdf File-Format: application/pdf File-Size: 992 kb Handle: RePEc:cwl:cwldpp:212 Template-type: ReDIF-Paper 1.0 Author-Name: Herbert E. Scarf Author-X-Name-First: Herbert E. Author-X-Name-Last: Scarf Author-Email: herbert.scarf@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/scarf.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: An Algorithm for a Class of Nonconvex Programming Problems Length: 24 pages Creation-Date: 1966 Number: 211 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0211.pdf File-Format: application/pdf File-Size: 364 kb Handle: RePEc:cwl:cwldpp:211 Template-type: ReDIF-Paper 1.0 Author-Name: Richard Attiyeh Author-X-Name-First: Richard Author-X-Name-Last: Attiyeh Title: Estimation of A Fixed Coefficients Vintage Model of Production Note: CFP 258. Length: 54 pages Creation-Date: 1966 Number: 210 Publication-Status: Published in Yale Economic Essays (1967), 7(1): 5-40 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0258.pdf File-Format: application/pdf File-Size: 1487 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0210.pdf File-Format: application/pdf File-Size: 1564 kb Handle: RePEc:cwl:cwldpp:210 Template-type: ReDIF-Paper 1.0 Author-Name: Kenneth F. Wallis Author-X-Name-First: Kenneth F. Author-X-Name-Last: Wallis Title: Some Econometric Problems in the Analysis of Inventory Cycles Length: 123 pages Creation-Date: 1966 Number: 209 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0209.pdf File-Format: application/pdf File-Size: 2938 kb Handle: RePEc:cwl:cwldpp:209 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Notes on the Taxonomy of Problems Concerning Public Goods Length: 87 pages Creation-Date: 1966 Number: 208 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0208.pdf File-Format: application/pdf File-Size: 2299 kb Handle: RePEc:cwl:cwldpp:208 Template-type: ReDIF-Paper 1.0 Author-Name: James W. Friedman Author-X-Name-First: James W. Author-X-Name-Last: Friedman Title: Equal Profits as a Fair Division Length: 19 pages Creation-Date: 1966 Number: 207 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0207.pdf File-Format: application/pdf File-Size: 528 kb Handle: RePEc:cwl:cwldpp:207 Template-type: ReDIF-Paper 1.0 Author-Name: Tjalling C. Koopmans Author-X-Name-First: Tjalling C. Author-X-Name-Last: Koopmans Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Structure of Preference over Time Note: CFP 366b. Length: 70 pages Creation-Date: 1966 Number: 206R Publication-Status: Published in C.B. McGuire and R. Radner, eds., Decision and Organization, North-Holland, 1972, pp, 79-100 File-URL: http://cowles.econ.yale.edu/P/cp/p03b/p0366b.pdf File-Format: application/pdf File-Size: 825 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0206-r.pdf File-Format: application/pdf File-Size: 1625 kb Handle: RePEc:cwl:cwldpp:206R Template-type: ReDIF-Paper 1.0 Author-Name: Thomas J. Rothenberg Author-X-Name-First: Thomas J. Author-X-Name-Last: Rothenberg Title: Efficient Estimation with a priori Information: A Classical Approach Length: 56 pages Creation-Date: 1966 Number: 205 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0205.pdf File-Format: application/pdf File-Size: 1440 kb Handle: RePEc:cwl:cwldpp:205 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Game Theory and Economic Behavior Length: 21 pages Creation-Date: 1966 Number: 204 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0204.pdf File-Format: application/pdf File-Size: 593 kb Handle: RePEc:cwl:cwldpp:204 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Simulation of Socio-Economic Systems. Part II: An Aggregative Socio-Economic Simulation of a Latin American Country Note: No page 51; CFP 267. Length: 60 pages Creation-Date: 1967 Number: 203BR Publication-Status: Published in General Systems (1967), 12: 150-158 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0267.pdf File-Format: application/pdf File-Size: 891 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0203-br.pdf File-Format: application/pdf File-Size: 1144 kb Handle: RePEc:cwl:cwldpp:203R Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Simulation of Socio-Economic Systems. Part II: An Aggregative Socio-Economic Simulation of a Latin American Country Note: CFP 267. Length: 59 pages Creation-Date: 1966 Number: 203B Publication-Status: Published in General Systems, 12, 1967 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0267.pdf File-Format: application/pdf File-Size: 891 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0203-b.pdf File-Format: application/pdf File-Size: 1148 kb Handle: RePEc:cwl:cwldpp:203B Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Simulation of Socio-Economic Systems. Part I: General Considerations Note: CFP 267. Length: 33 pages Creation-Date: 1966 Number: 203A Publication-Status: Published in General Systems (1967), 12: 150-158 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0267.pdf File-Format: application/pdf File-Size: 891 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0203-a.pdf File-Format: application/pdf File-Size: 1067 kb Handle: RePEc:cwl:cwldpp:203A Template-type: ReDIF-Paper 1.0 Author-Name: David M. Grether Author-X-Name-First: David M. Author-X-Name-Last: Grether Title: Application of Signal Extraction Techniques in the Study of Economic Time Series Length: 56 pages Creation-Date: 1966 Number: 202 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0202.pdf File-Format: application/pdf File-Size: 941 kb Handle: RePEc:cwl:cwldpp:202 Template-type: ReDIF-Paper 1.0 Author-Name: Donald D. Hester Author-X-Name-First: Donald D. Author-X-Name-Last: Hester Title: An Empirical Analysis of Risk Taking by Firms in the Savings and Loan Industry Length: 39 pages Creation-Date: 1966 Number: 201 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0201.pdf File-Format: application/pdf File-Size: 1059 kb Handle: RePEc:cwl:cwldpp:201 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Measurable, Transferable, Comparable Utility and Money Length: 41 pages Creation-Date: 1966 Number: 200 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d02a/d0200.pdf File-Format: application/pdf File-Size: 1072 kb Handle: RePEc:cwl:cwldpp:200 Template-type: ReDIF-Paper 1.0 Author-Name: Edmond S. Phelps Author-X-Name-First: Edmond S. Author-X-Name-Last: Phelps Title: Quasi and Generalized Golden Rule Paths: A Study of Commanding Growth Paths Length: 34 pages Creation-Date: 1965 Number: 199 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0199.pdf File-Format: application/pdf File-Size: 783 kb Handle: RePEc:cwl:cwldpp:199 Template-type: ReDIF-Paper 1.0 Author-Name: David Cass Author-X-Name-First: David Author-X-Name-Last: Cass Author-Name: Menahem E. Yaari Author-X-Name-First: Menahem E. Author-X-Name-Last: Yaari Title: Individual Saving, Aggregate Capital Accumulation, and Efficient Growth Note: CFP 259. Length: 45 pages Creation-Date: 1965 Number: 198 Publication-Status: Published in Karl Shell, ed., Essays on the Theory of Optimal Economic Growth, MIT Press, 1967, pp. 233-268 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0259.pdf File-Format: application/pdf File-Size: 1246 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0198.pdf File-Format: application/pdf File-Size: 1305 kb Handle: RePEc:cwl:cwldpp:198 Template-type: ReDIF-Paper 1.0 Author-Name: William C. Brainard Author-X-Name-First: William C. Author-X-Name-Last: Brainard Author-Email: william.brainard@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/brainard.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: Richard N. Cooper Author-X-Name-First: Richard N. Author-X-Name-Last: Cooper Title: Uncertainty and Diversification in International Trade Note: CFP 315. Length: 55 pages Creation-Date: 1965 Number: 197 Publication-Status: Published in Studies in Agricultural Economics, Trade, and Development, Vol. 8, Food Research Institute, Stanford University, 1968, pp. 257-285 File-URL: http://cowles.econ.yale.edu/P/cp/p03a/p0315.pdf File-Format: application/pdf File-Size: 1413 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0197.pdf File-Format: application/pdf File-Size: 1527 kb Handle: RePEc:cwl:cwldpp:197 Template-type: ReDIF-Paper 1.0 Author-Name: Edmond S. Phelps Author-X-Name-First: Edmond S. Author-X-Name-Last: Phelps Title: Axioms for Factor Augmenting Technical Progress Length: 15 pages Creation-Date: 1965 Number: 196 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0196.pdf File-Format: application/pdf File-Size: 323 kb Handle: RePEc:cwl:cwldpp:196 Template-type: ReDIF-Paper 1.0 Author-Name: David Cass Author-X-Name-First: David Author-X-Name-Last: Cass Author-Name: Menahem E. Yaari Author-X-Name-First: Menahem E. Author-X-Name-Last: Yaari Title: A Re-Examination of the Pure Consumption Loans Model Note: CFP 240. Length: 29 pages Creation-Date: 1965 Number: 195 Publication-Status: Published in Journal of Political Economy (1966), 74(4): 353-367 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0240.pdf File-Format: application/pdf File-Size: 982 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0195.pdf File-Format: application/pdf File-Size: 792 kb Handle: RePEc:cwl:cwldpp:195 Template-type: ReDIF-Paper 1.0 Author-Name: Edmond S. Phelps Author-X-Name-First: Edmond S. Author-X-Name-Last: Phelps Title: The Ramsey Problem and the Golden Rule of Accumulation Length: 54 pages Creation-Date: 1965 Number: 194 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0194.pdf File-Format: application/pdf File-Size: 1195 kb Handle: RePEc:cwl:cwldpp:194 Template-type: ReDIF-Paper 1.0 Author-Name: Robert J. Aumann Author-X-Name-First: Robert J. Author-X-Name-Last: Aumann Title: Random Measure Preserving Transformations Length: 7 pages Creation-Date: 1965 Number: 193 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0193.pdf File-Format: application/pdf File-Size: 173 kb Handle: RePEc:cwl:cwldpp:193 Template-type: ReDIF-Paper 1.0 Author-Name: James W. Friedman Author-X-Name-First: James W. Author-X-Name-Last: Friedman Title: An Experimental Study of Cooperative Duopoly Note: CFP 292. Length: 48 pages Creation-Date: 1965 Number: 192 Publication-Status: Published in Econometrica (July-October 1967), 35(3-4): 379-397 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0292.pdf File-Format: application/pdf File-Size: 892 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0192.pdf File-Format: application/pdf File-Size: 1165 kb Handle: RePEc:cwl:cwldpp:192 Template-type: ReDIF-Paper 1.0 Author-Name: Edmond S. Phelps Author-X-Name-First: Edmond S. Author-X-Name-Last: Phelps Title: Absorptive Capacity and the Golden Rule of Accumulation Length: 16 pages Creation-Date: 1965 Number: 191 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0191.pdf File-Format: application/pdf File-Size: 287 kb Handle: RePEc:cwl:cwldpp:191 Template-type: ReDIF-Paper 1.0 Author-Name: Edmond S. Phelps Author-X-Name-First: Edmond S. Author-X-Name-Last: Phelps Title: Investment in Humans, Technological Diffusion and the Golden Rule of Education Length: 12 pages Creation-Date: 1965 Number: 190 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0190.pdf File-Format: application/pdf File-Size: 278 Handle: RePEc:cwl:cwldpp:190 Template-type: ReDIF-Paper 1.0 Author-Name: Richard R. Nelson Author-X-Name-First: Richard R. Author-X-Name-Last: Nelson Author-Name: Edmond S. Phelps Author-X-Name-First: Edmond S. Author-X-Name-Last: Phelps Title: Investment in Humans, Technological Diffusion and Economic Growth Note: CFP 236. Length: 13 pages Creation-Date: 1965 Number: 189 Publication-Status: Published in American Economic Review (1966), 56(2): 67-75 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0236.pdf File-Format: application/pdf File-Size: 341 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0189.pdf File-Format: application/pdf File-Size: 330 kb Handle: RePEc:cwl:cwldpp:189 Template-type: ReDIF-Paper 1.0 Author-Name: Robert M. Solow Author-X-Name-First: Robert M. Author-X-Name-Last: Solow Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: C.C. Von Weisazacker Author-X-Name-First: C.C. Author-X-Name-Last: Von Weisazacker Author-Name: Menahem E. Yaari Author-X-Name-First: Menahem E. Author-X-Name-Last: Yaari Title: A Model of Fixed Capital without Substitution Note: CFP 241. Length: 84 pages Creation-Date: 1965 Number: 188 Publication-Status: Published in Review of Economic Studies (April 1966), 33(2): 79-115 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0241.pdf File-Format: application/pdf File-Size: 1999 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0188.pdf File-Format: application/pdf File-Size: 1657 kb Handle: RePEc:cwl:cwldpp:188 Template-type: ReDIF-Paper 1.0 Author-Name: Edward Zabel Author-X-Name-First: Edward Author-X-Name-Last: Zabel Title: A Dynamic Model of the Competitive Firm Note: CFP 256. Length: 31 pages Creation-Date: 1965 Number: 187 Publication-Status: Published in International Economic Review (June 1967), 8(2): 194-208 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0256.pdf File-Format: application/pdf File-Size: 723 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0187.pdf File-Format: application/pdf File-Size: 894 kb Handle: RePEc:cwl:cwldpp:187 Template-type: ReDIF-Paper 1.0 Author-Name: Emmanuel M. Drandakis Author-X-Name-First: Emmanuel M. Author-X-Name-Last: Drandakis Author-Name: Edmond S. Phelps Author-X-Name-First: Edmond S. Author-X-Name-Last: Phelps Title: A Model of Induced Invention, Growth and Distribution Length: 35 pages Creation-Date: 1965 Number: 186 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0186.pdf File-Format: application/pdf File-Size: 865 kb Handle: RePEc:cwl:cwldpp:186 Template-type: ReDIF-Paper 1.0 Author-Name: Edmond S. Phelps Author-X-Name-First: Edmond S. Author-X-Name-Last: Phelps Author-Name: Charlotte Phelps Author-X-Name-First: Charlotte Author-X-Name-Last: Phelps Title: Factor-Price-Frontier Estimation of a 'Vintage' Production Model of the Post-war U.S. Nonfarm Business Sector Note: CFP 253. Length: 41 pages Creation-Date: 1965 Number: 185 Publication-Status: Published in Review of Economics and Statistics (August 1966), 48(3): 251-265 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0253.pdf File-Format: application/pdf File-Size: 1015 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0185.pdf File-Format: application/pdf File-Size: 961 kb Handle: RePEc:cwl:cwldpp:185 Template-type: ReDIF-Paper 1.0 Author-Name: Donald D. Hester Author-X-Name-First: Donald D. Author-X-Name-Last: Hester Author-Name: John F. Zoellner Author-X-Name-First: John F. Author-X-Name-Last: Zoellner Title: The Relation Between Bank Portfolios and Earnings: An Econometric Analysis Note: CFP 249. Length: 52 pages Creation-Date: 1965 Number: 184 Publication-Status: Published in Review of Economics and Statistics (1966), 48(4): 372-386 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0249.pdf File-Format: application/pdf File-Size: 1151 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0184.pdf File-Format: application/pdf File-Size: 1497 kb Handle: RePEc:cwl:cwldpp:184 Template-type: ReDIF-Paper 1.0 Author-Name: Robert L. Graves Author-X-Name-First: Robert L. Author-X-Name-Last: Graves Author-Name: Lester G. Telser Author-X-Name-First: Lester G. Author-X-Name-Last: Telser Title: Optimal Output and Price Policies for General Distributed Lag Demand Equations Length: 73 pages Creation-Date: 1965 Number: 183 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0183.pdf File-Format: application/pdf File-Size: 1482 kb Handle: RePEc:cwl:cwldpp:183 Template-type: ReDIF-Paper 1.0 Author-Name: Herbert E. Scarf Author-X-Name-First: Herbert E. Author-X-Name-Last: Scarf Author-Email: herbert.scarf@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/scarf.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: The Core of an N Person Game Note: CFP 277. Length: 48 pages Creation-Date: 1965 Number: 182R Publication-Status: Published in Econometrica (January 1967), 35(1) 50-69 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0277.pdf File-Format: application/pdf File-Size: 1025 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0182-r.pdf File-Format: application/pdf File-Size: 1029 kb Handle: RePEc:cwl:cwldpp:182R Template-type: ReDIF-Paper 1.0 Author-Name: David I. Fand Author-X-Name-First: David I. Author-X-Name-Last: Fand Title: A Time Series Analysis of Interest Rates Note: CFP 248. Length: 40 pages Creation-Date: 1964 Number: 181 Publication-Status: Published in Review of Economics and Statistics (1966), 48(4): 361-371 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0248.pdf File-Format: application/pdf File-Size: 914 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0181.pdf File-Format: application/pdf File-Size: 994 kb Handle: RePEc:cwl:cwldpp:181 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Business Game for Teaching and Research Purposes. Part III. Discussion and Manual for Users Length: 61 pages Creation-Date: 1964 Number: 180 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0180.pdf File-Format: application/pdf File-Size: 1528 kb Handle: RePEc:cwl:cwldpp:180 Template-type: ReDIF-Paper 1.0 Author-Name: C. Van De Panne Author-X-Name-First: C. Author-X-Name-Last: Van De Panne Author-Name: Andrew B. Whinston Author-X-Name-First: Andrew B. Author-X-Name-Last: Whinston Title: A Parametric Simplicial Formulation of Houthakker's Capacity Method Abstract: The paper reformulates Houthakker's capacity method for quadratic programming in the framework of the Simplex and dual methods for quadratic programming, thereby greatly reducing the conceptual and computational complexities of the method. It is shown that the method is applicable for all convex quadratic programming problems, including the case of a semi-definite matrix of the quadratic form and that of constraints in equality form. The method reduces in the linear programming case to a parametric version of the dual method. Note: CFP 243. Length: 47 pages Creation-Date: 1964 Number: 179 Publication-Status: Published in Econometrica (April 1966), 34(2): 354-380 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0243.pdf File-Format: application/pdf File-Size: 1277 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0179.pdf File-Format: application/pdf File-Size: 1505 kb Handle: RePEc:cwl:cwldpp:179 Template-type: ReDIF-Paper 1.0 Author-Name: David Cass Author-X-Name-First: David Author-X-Name-Last: Cass Title: Optimum Economic Growth in an Aggregative Model of Capital Accumulation: A Turnpike Theorem Note: CFP 264. Length: 59 pages Creation-Date: 1964 Number: 178 Publication-Status: Published in Econometrica (October 1966), 34(4): 833-850 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0264.pdf File-Format: application/pdf File-Size: 771 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0178.pdf File-Format: application/pdf File-Size: 978 kb Handle: RePEc:cwl:cwldpp:178 Template-type: ReDIF-Paper 1.0 Author-Name: S.N. Afriat Author-X-Name-First: S.N. Author-X-Name-Last: Afriat Title: The Construction of Utility Functions from Expenditure Data Note: CFP 260. Length: 22 pages Creation-Date: 1964 Number: 177 Publication-Status: Published in International Economic Review (February 1967), 8(1): 67-77 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0260.pdf File-Format: application/pdf File-Size: 429 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0177.pdf File-Format: application/pdf File-Size: 541 kb Handle: RePEc:cwl:cwldpp:177 Template-type: ReDIF-Paper 1.0 Author-Name: Edmond S. Phelps Author-X-Name-First: Edmond S. Author-X-Name-Last: Phelps Title: Models of Technical Progress and the Golden Rule of Research Abstract: The primary purpose of this paper is to present a model of technical progress and economic growth from which one can derive a Golden Rule of Research quite analogous to the Golden Rule of Accumulation. The secondary purpose is to discuss various models of technical progress. That there might exist a Golden Rule for research is not surprising since research is a kind of investment -ñ investment in technology -- just as "accumulation" denotes investment in tangible capital. Nevertheless "capital" and "technology" differ in important aspects. If, given the technology, the production of commodities is homogeneous of degree one in labor and capital goods, as is frequently postulated, then production cannot be homogeneous of degree one in labor, capital and "technology" (or the appropriate index of past research effort). Further, the production of technical progress, unlike the production of investment goods, seems unlikely to exhibit constant returns to scale in capital and labor, given the technology. Hence technology cannot be treated as an ordinary capital good. Because of this novelty that our subject presents, this paper must be highly tentative and conjectural. Length: 27 pages Creation-Date: 1964 Number: 176 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0176.pdf File-Format: application/pdf File-Size: 723 kb Handle: RePEc:cwl:cwldpp:176 Template-type: ReDIF-Paper 1.0 Author-Name: George J. Feeney Author-X-Name-First: George J. Author-X-Name-Last: Feeney Author-Name: Donald D. Hester Author-X-Name-First: Donald D. Author-X-Name-Last: Hester Title: Stock Market Indices: A Principal Components Analysis Abstract: This paper investigates a widely quoted stock market index, the Dow Jones Industrial Average (hereafter DJI), and constructs some alternative indices. Their performances are compared to the DJI. The question of applying the indices to problems of portfolio selection is explored when investors' utility functions are quadratic in the rate of return. By constructing indices from data collected in different time periods, some conclusions are drawn about the constancy of price and rate of return covariance and correlation matrices of the 30 Dow Jones Industrial stocks over time. Length: 51 pages Creation-Date: 1964 Number: 175 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0175.pdf File-Format: application/pdf File-Size: 1148 kb Handle: RePEc:cwl:cwldpp:175 Template-type: ReDIF-Paper 1.0 Author-Name: James W. Friedman Author-X-Name-First: James W. Author-X-Name-Last: Friedman Title: An Experimental Study in Oligopoly Abstract: A very general model with which many theories of oligopolistic behavior might be tested would be a useful tool for economists. In the first part of this paper a model is proposed for this role. The model is not developed in the fullest degree of generality, but is presented in the way most relevant to experiments of the type presented in the second part of the paper. The experiments employ a simple market model in which each subject takes the role of a business firm, each firm has only one decision variable under its control (its own price) and the number of firms in an industry is two, three and four. Note: CFP 303. Length: 35 pages Creation-Date: 1964 Number: 174 Publication-Status: Published in Review of Economic Studies (October 1969), 36(4): 399-415 File-URL: http://cowles.econ.yale.edu/P/cp/p03a/p0303.pdf File-Format: application/pdf File-Size: 1179 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0174.pdf File-Format: application/pdf File-Size: 1167 kb Handle: RePEc:cwl:cwldpp:174 Template-type: ReDIF-Paper 1.0 Author-Name: Edmond S. Phelps Author-X-Name-First: Edmond S. Author-X-Name-Last: Phelps Title: Second Essay on the Golden Rule of Accumulation Note: CFP 232. Length: 35 pages Creation-Date: 1964 Number: 173 Publication-Status: Published in American Economic Review (September 1965), 55(4): 793-814 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0232.pdf File-Format: application/pdf File-Size: 874 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0173.pdf File-Format: application/pdf File-Size: 948 kb Handle: RePEc:cwl:cwldpp:173 Template-type: ReDIF-Paper 1.0 Author-Name: Andrew B. Whinston Author-X-Name-First: Andrew B. Author-X-Name-Last: Whinston Title: A Decomposition Algorithm for Quadratic Programming Note: CFP 239. Length: 24 pages Creation-Date: 1964 Number: 172 Publication-Status: Published in Cahiers du Centre d'Etudes de Recherche Operationalle (1966), 8(2): 112-131 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0239.pdf File-Format: application/pdf File-Size: 497 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0172.pdf File-Format: application/pdf File-Size: 540 kb Handle: RePEc:cwl:cwldpp:172 Template-type: ReDIF-Paper 1.0 Author-Name: Menahem E. Yaari Author-X-Name-First: Menahem E. Author-X-Name-Last: Yaari Title: Convexity in the Theory of Choice under Risk Note: CFP 227. Length: 22 pages Creation-Date: 1964 Number: 171 Publication-Status: Published in Quarterly Journal of Economics (1965), 79: 278-289 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0227.pdf File-Format: application/pdf File-Size: 522 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0171.pdf File-Format: application/pdf File-Size: 667 kb Handle: RePEc:cwl:cwldpp:171 Template-type: ReDIF-Paper 1.0 Author-Name: James W. Friedman Author-X-Name-First: James W. Author-X-Name-Last: Friedman Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: An Informal Aggregative Socio-Economic Simulation of a Latin American Country Length: 32 pages Creation-Date: 1964 Number: 170 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0170.pdf File-Format: application/pdf File-Size: 701 kb Handle: RePEc:cwl:cwldpp:170 Template-type: ReDIF-Paper 1.0 Author-Name: Emmanuel M. Drandakis Author-X-Name-First: Emmanuel M. Author-X-Name-Last: Drandakis Title: The Existence of a Competitive Equilibrium in a Monetary Economy Note: CFP 242. Length: 41 pages Creation-Date: 1964 Number: 169 Publication-Status: Published in International Economic Review (September 1966), 7(3): 304-328 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0242.pdf File-Format: application/pdf File-Size: 1404 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0169.pdf File-Format: application/pdf File-Size: 1218 kb Handle: RePEc:cwl:cwldpp:169 Template-type: ReDIF-Paper 1.0 Author-Name: James L. Pierce Author-X-Name-First: James L. Author-X-Name-Last: Pierce Title: The Monetary Mechanism: Some Partial Relationships Note: CFP 211. Length: 173 pages Creation-Date: 1964 Number: 168 Publication-Status: Published in American Economic Review (May 1964), 54(3): 523-531 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0211.pdf File-Format: application/pdf File-Size: 518 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0168.pdf File-Format: application/pdf File-Size: 4863 kb Handle: RePEc:cwl:cwldpp:168 Template-type: ReDIF-Paper 1.0 Author-Name: Lloyd S. Shapley Author-X-Name-First: Lloyd S. Author-X-Name-Last: Shapley Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Ownership and the Production Function Note: CFP 250. Length: 15 pages Creation-Date: 1964 Number: 167 Publication-Status: Published in Quarterly Journal of Economics (1967), 81: 88-111 File-URL: http://cowles.econ.yale.edu/P/cp/p02b/p0250.pdf File-Format: application/pdf File-Size: 1027 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0167.pdf File-Format: application/pdf File-Size: 398 kb Handle: RePEc:cwl:cwldpp:167 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: On Prices, Fiat Money, Credit and Transferable Utility. Part I Length: 24 pages Creation-Date: 1964 Number: 166 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0166.pdf File-Format: application/pdf File-Size: 480 kb Handle: RePEc:cwl:cwldpp:166 Template-type: ReDIF-Paper 1.0 Author-Name: Emmanuel M. Drandakis Author-X-Name-First: Emmanuel M. Author-X-Name-Last: Drandakis Title: On an Asymptotic Non-Substitution Theorem in the Two-Sector Closed Production Model Note: CFP 244. Length: 62 pages Creation-Date: 1963 Number: 165 Publication-Status: Published in Econometrica (April 1966), 34(2): 332-346 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0244.pdf File-Format: application/pdf File-Size: 757 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0165.pdf File-Format: application/pdf File-Size: 1090 kb Handle: RePEc:cwl:cwldpp:165 Template-type: ReDIF-Paper 1.0 Author-Name: T.N. Srinivasan Author-X-Name-First: T.N. Author-X-Name-Last: Srinivasan Author-Email: t.srinivasan@yale.edu Author-Workplace-Name: Dept. of Economics, Yale University Author-Workplace-Homepage: http://www.econ.yale.edu/ Title: A Two-Country, Three Commodity, Dynamic Model of International Trade Length: 45 pages Creation-Date: 1963 Number: 164 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0164.pdf File-Format: application/pdf File-Size: 932 kb Handle: RePEc:cwl:cwldpp:164 Template-type: ReDIF-Paper 1.0 Author-Name: Tjalling C. Koopmans Author-X-Name-First: Tjalling C. Author-X-Name-Last: Koopmans Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Appendix to 'On the Concept of Optimal Economic Growth' Note: CFP 238. Length: 24 pages Creation-Date: 1963 Number: 163A Publication-Status: Published in Pontificiae Academiae Scientiarum Scripta Varia 28, 1, Semaine D'Etude sur Le Role de L'analyse Econometrique dans la Formulation de Plans de Developpement, 1965 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0238.pdf File-Format: application/pdf File-Size: 2010 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0163-a.pdf File-Format: application/pdf File-Size: 452 kb Handle: RePEc:cwl:cwldpp:163A Template-type: ReDIF-Paper 1.0 Author-Name: Tjalling C. Koopmans Author-X-Name-First: Tjalling C. Author-X-Name-Last: Koopmans Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: On the Concept of Optimal Economic Growth Note: CFP 238. Length: 38 pages Creation-Date: 1963 Number: 163 Publication-Status: Published in Pontificiae Academiae Scientiarum Scripta Varia 28, 1, Semaine D'Etude sur Le Role de L'analyse Econometrique dans la Formulation de Plans de Developpement, 1965 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0238.pdf File-Format: application/pdf File-Size: 2010 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0163.pdf File-Format: application/pdf File-Size: 914 kb Handle: RePEc:cwl:cwldpp:163 Template-type: ReDIF-Paper 1.0 Author-Name: Andrew B. Whinston Author-X-Name-First: Andrew B. Author-X-Name-Last: Whinston Title: Conjugate Functions and Symmetric Duality Length: 31 pages Creation-Date: 1963 Number: 162 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0162.pdf File-Format: application/pdf File-Size: 447 kb Handle: RePEc:cwl:cwldpp:162 Template-type: ReDIF-Paper 1.0 Author-Name: Edmond S. Phelps Author-X-Name-First: Edmond S. Author-X-Name-Last: Phelps Title: Anticipated Inflation and Economic Welfare in a Neoclassical Model Note: CFP 225. Length: 38 pages Creation-Date: 1964 Number: 161R Publication-Status: Published in Journal of Political Economy (February 1965), 74(1): 1-17 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0225.pdf File-Format: application/pdf File-Size: 1086 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0161-r.pdf File-Format: application/pdf File-Size: 1131 kb Handle: RePEc:cwl:cwldpp:161R Template-type: ReDIF-Paper 1.0 Author-Name: T.N. Srinivasan Author-X-Name-First: T.N. Author-X-Name-Last: Srinivasan Author-Email: t.srinivasan@yale.edu Author-Workplace-Name: Dept. of Economics, Yale University Author-Workplace-Homepage: http://www.econ.yale.edu/ Title: Alternative Fiscal Policies for Targeted Growth Note: Includes CFDP 160a Length: 22 pages Creation-Date: 1963 Number: 160b Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0160-ab.pdf File-Format: application/pdf File-Size: 431 kb Handle: RePEc:cwl:cwldpp:160b Template-type: ReDIF-Paper 1.0 Author-Name: Edmond S. Phelps Author-X-Name-First: Edmond S. Author-X-Name-Last: Phelps Title: On the Feasibility of Targeted Growth Through Taxation and the Social Virtue of Private Thrift Note: Includes CFDP 160b Length: 22 pages Creation-Date: 1963 Number: 160a Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0160-ab.pdf File-Format: application/pdf File-Size: 431 kb Handle: RePEc:cwl:cwldpp:160a Template-type: ReDIF-Paper 1.0 Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Commercial Banks as Creators of 'Money' Note: CFP 205. Length: 17 pages Creation-Date: 1963 Number: 159 Publication-Status: Published in Dean Carson, ed., Banking and Monetary Studies, for the Comptroller of the Currency, U.S. Treasury, Richard D. Irwin, 1963, pp. 408-419 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0205.pdf File-Format: application/pdf File-Size: 568 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0159.pdf File-Format: application/pdf File-Size: 524 kb Handle: RePEc:cwl:cwldpp:159 Template-type: ReDIF-Paper 1.0 Author-Name: Menahem E. Yaari Author-X-Name-First: Menahem Author-X-Name-Last: Yaari Title: On the Existence of an Optimal Plan in a Continuous-Time Allocation Process Note: CFP 220. Length: 25 pages Creation-Date: 1963 Number: 158 Publication-Status: Published in Econometrica (October 1964), 32(4): 576-590 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0220.pdf File-Format: application/pdf File-Size: 512 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0158.pdf File-Format: application/pdf File-Size: 499 kb Handle: RePEc:cwl:cwldpp:158 Template-type: ReDIF-Paper 1.0 Author-Name: Ronald G. Bodkin Author-X-Name-First: Ronald G. Author-X-Name-Last: Bodkin Title: A Test of the Specification of the Aggregate Production Function Length: 26 pages Creation-Date: 1963 Number: 157 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0157.pdf File-Format: application/pdf File-Size: 774 kb Handle: RePEc:cwl:cwldpp:157 Template-type: ReDIF-Paper 1.0 Author-Name: Menahem E. Yaari Author-X-Name-First: Menahem E. Author-X-Name-Last: Yaari Title: Consumption-Saving Decisions When the Horizon is Random Length: 41 pages Creation-Date: 1964 Number: 156 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0156.pdf File-Format: application/pdf File-Size: 983 kb Handle: RePEc:cwl:cwldpp:156 Template-type: ReDIF-Paper 1.0 Author-Name: Menahem E. Yaari Author-X-Name-First: Menahem E. Author-X-Name-Last: Yaari Title: On the Consumer's Lifetime Allocation Process Note: CFP 223. Length: 35 pages Creation-Date: 1963 Number: 155 Publication-Status: Published in International Economic Review (September 1964), 5(3): 304-317 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0223.pdf File-Format: application/pdf File-Size: 568 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0155.pdf File-Format: application/pdf File-Size: 829 kb Handle: RePEc:cwl:cwldpp:155 Template-type: ReDIF-Paper 1.0 Author-Name: Emmanuel M. Drandakis Author-X-Name-First: Emmanuel M. Author-X-Name-Last: Drandakis Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Factor Substitution in the Two-Sector Growth Model Note: CFP 204. Length: 34 pages Creation-Date: 1963 Number: 154R Publication-Status: Published in Review of Economic Studies (1963), 30(3): 217-228 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0204.pdf File-Format: application/pdf File-Size: 510 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0154-r.pdf File-Format: application/pdf File-Size: 708 kb Handle: RePEc:cwl:cwldpp:154R Template-type: ReDIF-Paper 1.0 Author-Name: Emmanuel M. Drandakis Author-X-Name-First: Emmanuel M. Author-X-Name-Last: Drandakis Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Properties of Efficient Accumulation Paths in a Closed Production Model Length: 43 pages Creation-Date: 1963 Number: 153 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0153.pdf File-Format: application/pdf File-Size: 892 kb Handle: RePEc:cwl:cwldpp:153 Template-type: ReDIF-Paper 1.0 Author-Name: Tjalling C. Koopmans Author-X-Name-First: Tjalling C. Author-X-Name-Last: Koopmans Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Proportional Growth and Turnpike Theorems Length: 55 pages Creation-Date: 1963 Number: 152 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0152.pdf File-Format: application/pdf File-Size: 1347 kb Handle: RePEc:cwl:cwldpp:152 Template-type: ReDIF-Paper 1.0 Author-Name: Michael C. Lovell Author-X-Name-First: Michael C. Author-X-Name-Last: Lovell Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Seasonal Adjustment of Economic Time Series and Multiple Regression Abstract: After demonstrating that any nontrivial technique for seasonally adjusting time series inevitably leads to certain distortions of the data, an effort is made to provide explicit motivation for the process of seasonal adjustment for purposes of appraising current economic conditions. Inherent advantages in terms of certain consistency requirements of a least square procedure for seasonal adjustment are pointed out. Problems encountered by the econometrician when seasonally adjusted time series are to be employed in regression analysis are also explored. The dummy variable technique for dealing with seasonal fluctuations is generalized to encompass a flexible pattern of seasonal movement. It is argued that when seasonally adjusted data rather than the dummy variable procedure are employed, there is an inherent tendency to overstate the significance of regression coefficients; a correction procedure is suggested. Consideration is given to certain special problems created by autocorrelated residuals when seasonally adjusted data are utilized in regression analysis. Note: CFP 209. Length: 48 pages Creation-Date: 1963 Number: 151 Publication-Status: Published in Journal of the American Statistical Association, 58, 1963 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0209.pdf File-Format: application/pdf File-Size: 970 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0151.pdf File-Format: application/pdf File-Size: 1444 kb Handle: RePEc:cwl:cwldpp:151 Template-type: ReDIF-Paper 1.0 Author-Name: Tjalling C. Koopmans Author-X-Name-First: Tjalling C. Author-X-Name-Last: Koopmans Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: On Flexibility of Future Preference Note: CFP 218. Length: 16 pages Creation-Date: 1962 Number: 150 Publication-Status: Published in Maynard W. Shelly, II and Glenn I. Bryan, eds., Human Judgments and Optimality, John Wiley, 1964, pp. 243-254 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0218.pdf File-Format: application/pdf File-Size: 502 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01b/d0150.pdf File-Format: application/pdf File-Size: 477 kb Handle: RePEc:cwl:cwldpp:150 Template-type: ReDIF-Paper 1.0 Author-Name: Harold W. Watts Author-X-Name-First: Harold W. Author-X-Name-Last: Watts Title: An Analysis of the Effects of Transitory Income on Expenditure of Norwegian Households Length: 37 pages Creation-Date: 1962 Number: 149 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0149.pdf File-Format: application/pdf File-Size: 922 kb Handle: RePEc:cwl:cwldpp:149 Template-type: ReDIF-Paper 1.0 Author-Name: Alan W. Heston Author-X-Name-First: Alan W. Author-X-Name-Last: Heston Title: The Demand for Cash and Working Balances of Corporations Length: 34 pages Creation-Date: 1962 Number: 148 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0148.pdf File-Format: application/pdf File-Size: 988 kb Handle: RePEc:cwl:cwldpp:148 Template-type: ReDIF-Paper 1.0 Author-Name: Ronald G. Bodkin Author-X-Name-First: Ronald G. Author-X-Name-Last: Bodkin Title: The Wage-Price Productivity Nexus Length: 283 pages Creation-Date: 1962 Number: 147 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0147.pdf File-Format: application/pdf File-Size: 8782 kb Handle: RePEc:cwl:cwldpp:147 Template-type: ReDIF-Paper 1.0 Author-Name: Otto A. Davis Author-X-Name-First: Otto A. Author-X-Name-Last: Davis Author-Name: Andrew B. Whinston Author-X-Name-First: Andrew B. Author-X-Name-Last: Whinston Title: Welfare Economics and the Theory of Second Best Note: CFP 228. Length: 82 pages Creation-Date: 1962 Number: 146 Publication-Status: Published in Review of Economic Studies (1965), 32(1)(89): 1-14 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0228.pdf File-Format: application/pdf File-Size: 710 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0146.pdf File-Format: application/pdf File-Size: 2323 kb Handle: RePEc:cwl:cwldpp:146 Template-type: ReDIF-Paper 1.0 Author-Name: H.S. Konijn Author-X-Name-First: H.S. Author-X-Name-Last: Konijn Title: Non-Existence of Consistent Estimator Sequences and Unbiased Estimates: A Practical Example Note: CFP 214a. Length: 15 pages Creation-Date: 1962 Number: 145 Publication-Status: Published in The Australian Journal of Statistics (November 1963), 5(3): 144-146 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0214a.pdf File-Format: application/pdf File-Size: 117 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0145.pdf File-Format: application/pdf File-Size: 327 kb Handle: RePEc:cwl:cwldpp:145 Template-type: ReDIF-Paper 1.0 Author-Name: H.S. Konijn Author-X-Name-First: H.S. Author-X-Name-Last: Konijn Title: On a Theorem of Halmos Concerning Unbiased Estimation of Moments Note: CFP 214b. Length: 8 pages Creation-Date: 1962 Number: 144 Publication-Status: Published in Journal of the Australian Mathematical Society (1964), 4(2): 229-232 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0214b.pdf File-Format: application/pdf File-Size: 156 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0144.pdf File-Format: application/pdf File-Size: 207 kb Handle: RePEc:cwl:cwldpp:144 Template-type: ReDIF-Paper 1.0 Author-Name: Tjalling C. Koopmans Author-X-Name-First: Tjalling C. Author-X-Name-Last: Koopmans Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: Richard E. Williamson Author-X-Name-First: Richard E. Author-X-Name-Last: Williamson Title: On the Existence of a Subinvariant Measure Note: CFP 213b. Length: 8 pages Creation-Date: 1962 Number: 143 Publication-Status: Published in Proceedings of the KONINKL. NEDERL. AKADEMIE VAN WETENSCHAPPEN, Series A, 67, No. 1 and Indagationes Mathematicae 26(1): 84-87 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0213b.pdf File-Format: application/pdf File-Size: 162 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0143.pdf File-Format: application/pdf File-Size: 168 kb Handle: RePEc:cwl:cwldpp:143 Template-type: ReDIF-Paper 1.0 Author-Name: Peter A. Diamond Author-X-Name-First: Peter A. Author-X-Name-Last: Diamond Author-Name: Tjalling C. Koopmans Author-X-Name-First: Tjalling C. Author-X-Name-Last: Koopmans Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: Richard E. Williamson Author-X-Name-First: Richard E. Author-X-Name-Last: Williamson Title: Stationary Utility and Time Preference Note: CFP 213a. Length: 24 pages Creation-Date: 1962 Number: 142 Publication-Status: Published in Econometrica (January-April 1964), 32(12): 82-100 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0213a.pdf File-Format: application/pdf File-Size: 823 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0142.pdf File-Format: application/pdf File-Size: 572 kb Handle: RePEc:cwl:cwldpp:142 Template-type: ReDIF-Paper 1.0 Author-Name: Andrew B. Whinston Author-X-Name-First: Andrew B. Author-X-Name-Last: Whinston Title: Price Guides in Decentralized Organization Length: 61 pages Creation-Date: 1962 Number: 141 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0141.pdf File-Format: application/pdf File-Size: 1454 kb Handle: RePEc:cwl:cwldpp:141 Template-type: ReDIF-Paper 1.0 Author-Name: Tore Johansen Author-X-Name-First: Tore Author-X-Name-Last: Johansen Title: Models of the Joint Demand for Cash and for an Interest-Bearing Asset. Part One Length: 102 pages Creation-Date: 1962 Number: 140 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0140.pdf File-Format: application/pdf File-Size: 1941 kb Handle: RePEc:cwl:cwldpp:140 Template-type: ReDIF-Paper 1.0 Author-Name: T.N. Srinivasan Author-X-Name-First: T.N. Author-X-Name-Last: Srinivasan Author-Email: t.srinivasan@yale.edu Author-Workplace-Name: Dept. of Economics, Yale University Author-Workplace-Homepage: http://www.econ.yale.edu/ Title: On a Two Sector Model of Growth Note: CFP 215. Length: 46 pages Creation-Date: 1962 Number: 139R Publication-Status: Published in Econometrica (July 1964), 32(3): 358-373 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0215.pdf File-Format: application/pdf File-Size: 577 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0139-r.pdf File-Format: application/pdf File-Size: 871 kb Handle: RePEc:cwl:cwldpp:139R Template-type: ReDIF-Paper 1.0 Author-Name: George J. Feeney Author-X-Name-First: George J. Author-X-Name-Last: Feeney Title: Part I: Price-Quantity Markets Length: 78 pages Creation-Date: 1962 Number: 138 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0138.pdf File-Format: application/pdf File-Size: 1636 kb Handle: RePEc:cwl:cwldpp:138 Template-type: ReDIF-Paper 1.0 Author-Name: Edwin Mansfield Author-X-Name-First: Edwin Author-X-Name-Last: Mansfield Title: Size of Firm, Market Structure, and Innovation Note: CFP 208. Length: 38 pages Creation-Date: 1962 Number: 137 Publication-Status: Published in Journal of Political Economy (1963), 71(6): 556-576 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0208.pdf File-Format: application/pdf File-Size: 1340 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0137.pdf File-Format: application/pdf File-Size: 1308 kb Handle: RePEc:cwl:cwldpp:137 Template-type: ReDIF-Paper 1.0 Author-Name: Edwin Mansfield Author-X-Name-First: Edwin Author-X-Name-Last: Mansfield Title: The Expenditures of the Firm on Research and Development Note: CFP 216. Length: 57 pages Creation-Date: 1962 Number: 136 Publication-Status: Published in Journal of Political Economy (August 1964), 72(4): 319-340 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0216.pdf File-Format: application/pdf File-Size: 1280 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0136.pdf File-Format: application/pdf File-Size: 1394 kb Handle: RePEc:cwl:cwldpp:136 Template-type: ReDIF-Paper 1.0 Author-Name: Harold W. Guthrie Author-X-Name-First: Harold W. Author-X-Name-Last: Guthrie Title: An Empirical Evaluation of Theories of Saving Abstract: The theories of saving presented by Keynes, Duesenberry, and Friedman use three different measures of income to explain saving, and each theory has been supported by empirical evidence. The evidence consists of tests of a wide variety of hypotheses contained within or derived from the theories. The tests use many different kinds of data. The objective of this paper is to submit the basic behavioral hypotheses of each theory to a common test on constant data. The results show that the theories are equally acceptable on empirical grounds. Note: CFP 207. Length: 14 pages Creation-Date: 1962 Number: 135 Publication-Status: Published in Review of Economics and Statistics (1963), 45(4): 430-433 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0207.pdf File-Format: application/pdf File-Size: 277 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0135.pdf File-Format: application/pdf File-Size: 327 kb Handle: RePEc:cwl:cwldpp:135 Template-type: ReDIF-Paper 1.0 Author-Name: Edwin Mansfield Author-X-Name-First: Edwin Author-X-Name-Last: Mansfield Title: The Speed of Response of Firms to New Techniques Length: 41 pages Creation-Date: 1962 Number: 134R Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0134-r.pdf File-Format: application/pdf File-Size: 1310 kb Handle: RePEc:cwl:cwldpp:134R Template-type: ReDIF-Paper 1.0 Author-Name: Edmond S. Phelps Author-X-Name-First: Edmond S. Author-X-Name-Last: Phelps Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Substitution, Fixed Proportions, Growth and Distribution Note: CFP 199. Length: 40 pages Creation-Date: 1962 Number: 133 Publication-Status: Published in International Economic Review (1963), 4(3): 265-288 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0199.pdf File-Format: application/pdf File-Size: 960 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0133.pdf File-Format: application/pdf File-Size: 863 kb Handle: RePEc:cwl:cwldpp:133 Template-type: ReDIF-Paper 1.0 Author-Name: Edwin Mansfield Author-X-Name-First: Edwin Author-X-Name-Last: Mansfield Title: Intrafirm Rates of Diffusion of an Innovation Note: CFP 206. Length: 34 pages Creation-Date: 1962 Number: 132R Publication-Status: Published in Review of Economics and Statistics (1963), 45(4): 348-359 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0206.pdf File-Format: application/pdf File-Size: 1001 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0132-r.pdf File-Format: application/pdf File-Size: 1173 kb Handle: RePEc:cwl:cwldpp:132R Template-type: ReDIF-Paper 1.0 Author-Name: Michael C. Lovell Author-X-Name-First: Michael C. Author-X-Name-Last: Lovell Title: Inventory Investment Length: 51 pages Creation-Date: 1962 Number: 131 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0131.pdf File-Format: application/pdf File-Size: 1693 kb Handle: RePEc:cwl:cwldpp:131 Template-type: ReDIF-Paper 1.0 Author-Name: Gerard Debreu Author-X-Name-First: Gerard Author-X-Name-Last: Debreu Title: On a Theorem of Scarf Note: CFP 203. Length: 9 pages Creation-Date: 1961 Number: 130 Publication-Status: Published in Review of Economic Studies (1963), 30(3): 177-180 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0203.pdf File-Format: application/pdf File-Size: 140 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0130.pdf File-Format: application/pdf File-Size: 160 kb Handle: RePEc:cwl:cwldpp:130 Template-type: ReDIF-Paper 1.0 Author-Name: Gerard Debreu Author-X-Name-First: Gerard Author-X-Name-Last: Debreu Title: New Concepts and Techniques for Equilibrium Analysis Note: No page 12. See CFP 186 Length: 35 pages Creation-Date: 1961 Number: 129 Publication-Status: Published, Economic Review (1962), 3(3): 257-273 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0186.pdf Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0129.pdf File-Format: application/pdf File-Size: 706 kb Handle: RePEc:cwl:cwldpp:129 Template-type: ReDIF-Paper 1.0 Author-Name: Harold W. Watts Author-X-Name-First: Harold W. Author-X-Name-Last: Watts Title: An Inter-City Consumption Function Length: 20 pages Creation-Date: 1961 Number: 128 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0128.pdf File-Format: application/pdf File-Size: 505 kb Handle: RePEc:cwl:cwldpp:128 Template-type: ReDIF-Paper 1.0 Author-Name: Alan W. Heston Author-X-Name-First: Alan W. Author-X-Name-Last: Heston Title: Corporate Cash and Security Holdings: An Empirical Study of Cash, Securities and Other Current Accounts of Large Corporations Length: 85 pages Creation-Date: 1961 Number: 127 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0127.pdf File-Format: application/pdf File-Size: 32742 kb Handle: RePEc:cwl:cwldpp:127 Template-type: ReDIF-Paper 1.0 Author-Name: Edwin Mansfield Author-X-Name-First: Edwin Author-X-Name-Last: Mansfield Title: Entry, Gibrat's Law, Innovation, and the Growth of Firms Note: CFP 187. Length: 49 pages Creation-Date: 1961 Number: 126 Publication-Status: Published in American Economic Review (1962), 52(5): 1023-1051 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0187.pdf File-Format: application/pdf File-Size: 1531 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0126.pdf File-Format: application/pdf File-Size: 1438 kb Handle: RePEc:cwl:cwldpp:126 Template-type: ReDIF-Paper 1.0 Author-Name: Arthur M. Okun Author-X-Name-First: Arthur M. Author-X-Name-Last: Okun Title: Monetary Policy, Debt Management and Interest Rates: A Quantitative Appraisal Note: CFP 210a. Length: 70 pages Creation-Date: 1961 Number: 125 Publication-Status: Published in Stabilization Policies, prepared for the Commission on Money and Credit, 1963, pp. 331-380 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0210a.pdf File-Format: application/pdf File-Size: 2352 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0125.pdf File-Format: application/pdf File-Size: 2135 kb Handle: RePEc:cwl:cwldpp:125 Template-type: ReDIF-Paper 1.0 Author-Name: Phoebus J. Dhrymes Author-X-Name-First: Phoebus J. Author-X-Name-Last: Dhrymes Title: A Note on Uncertainty, Bayesian Inference and Competitive Behavior Length: 16 pages Creation-Date: 1961 Number: 124 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0124.pdf File-Format: application/pdf File-Size: 297 kb Handle: RePEc:cwl:cwldpp:124 Template-type: ReDIF-Paper 1.0 Author-Name: Edwin S. Mills Author-X-Name-First: Edwin S. Author-X-Name-Last: Mills Title: Some Empirical Estimates of Short Run Price and Output Policies Length: 29 pages Creation-Date: 1961 Number: 123 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0123.pdf File-Format: application/pdf File-Size: 825 kb Handle: RePEc:cwl:cwldpp:123 Template-type: ReDIF-Paper 1.0 Author-Name: Phoebus J. Dhrymes Author-X-Name-First: Phoebus J. Author-X-Name-Last: Dhrymes Title: On Devising Unbiased Estimators for the Parameters of a Cobb Douglas Production Function Note: CFP 181. Length: 13 pages Creation-Date: 1961 Number: 122 Publication-Status: Published in Econometrica (April 1962), 30(2): 297-304 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0181.pdf File-Format: application/pdf File-Size: 303 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0122.pdf File-Format: application/pdf File-Size: 253 kb Handle: RePEc:cwl:cwldpp:122 Template-type: ReDIF-Paper 1.0 Author-Name: H.C. Bos Author-X-Name-First: H.C. Author-X-Name-Last: Bos Title: Spatial Distribution of Industry Length: 16 pages Creation-Date: 1961 Number: 121 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0121.pdf File-Format: application/pdf File-Size: 259 kb Handle: RePEc:cwl:cwldpp:121 Template-type: ReDIF-Paper 1.0 Author-Name: Martin J. Beckmann Author-X-Name-First: Martin J. Author-X-Name-Last: Beckmann Title: Economic Growth and Wicksell's Cumulative Process Abstract: Assume a homogeneous production function, a constant rate of population growth and a monetary policy which keeps the rate of interest fixed. With initial unemployment there exists an unstable process of balanced growth. Under initial full employment there exists a natural rate of interest (possibly zero or infinite) such that (1) at interest rates below the natural rate balanced growth is attained and the price level is rising; (2) at interest rate above the natural rate both employment and the price level are falling. Explicit solutions are given for Cobb-Douglas production functions. The "optimal" rate of interest which maximizes per capita consumption at any time during balanced growth is shown to equal the rate of growth. Length: 33 pages Creation-Date: 1961 Number: 120 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0120.pdf File-Format: application/pdf File-Size: 481 kb Handle: RePEc:cwl:cwldpp:120 Template-type: ReDIF-Paper 1.0 Author-Name: Lawrence B. Krause Author-X-Name-First: Lawrence B. Author-X-Name-Last: Krause Title: Administered Prices and Imports: The Steel Industry Note: CFP 189. Length: 31 pages Creation-Date: 1961 Number: 119 Publication-Status: Published in Journal of Industrial Economics (1962), 11(1): 33-47 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0189.pdf File-Format: application/pdf File-Size: 699 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0119.pdf File-Format: application/pdf File-Size: 764 kb Handle: RePEc:cwl:cwldpp:119 Template-type: ReDIF-Paper 1.0 Author-Name: Alan S. Manne Author-X-Name-First: Alan S. Author-X-Name-Last: Manne Title: Input-Output and Activity Analysis in Industrial Concerns Length: 12 pages Creation-Date: 1961 Number: 118 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0118.pdf File-Format: application/pdf File-Size: 378 kb Handle: RePEc:cwl:cwldpp:118 Template-type: ReDIF-Paper 1.0 Author-Name: T.N. Srinivasan Author-X-Name-First: T.N. Author-X-Name-Last: Srinivasan Author-Email: t.srinivasan@yale.edu Author-Workplace-Name: Dept. of Economics, Yale University Author-Workplace-Homepage: http://www.econ.yale.edu/ Title: Investment Criteria and Choice of Techniques of Production Note: CFP 177. Length: 99 pages Creation-Date: 1961 Number: 117 Publication-Status: Published in Yale Economic Essays (1962), 2(1): 59-115 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0177.pdf File-Format: application/pdf File-Size: 1915 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0117.pdf File-Format: application/pdf File-Size: 1979 kb Handle: RePEc:cwl:cwldpp:117 Template-type: ReDIF-Paper 1.0 Author-Name: Andrew D. Bain Author-X-Name-First: Andrew D. Author-X-Name-Last: Bain Title: The Growth of Television Ownership in the United Kingdom Note: CFP 183. Length: 39 pages Creation-Date: 1961 Number: 116 Publication-Status: Published in International Economic Review, 3(2), 1962 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0183.pdf File-Format: application/pdf File-Size: 1081 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0116.pdf File-Format: application/pdf File-Size: 892 kb Handle: RePEc:cwl:cwldpp:116 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Business Game for Teaching and Research Purposes Length: 42 pages Creation-Date: 1961 Number: 115R3 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0115-rc.pdf File-Format: application/pdf File-Size: 682 kb Handle: RePEc:cwl:cwldpp:115R3 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Business Game for Teaching and Research Purposes Length: 28 pages Creation-Date: 1961 Number: 115R2 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0115-rb.pdf File-Format: application/pdf File-Size: 488 kb Handle: RePEc:cwl:cwldpp:115R2 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: A Business Game for Teaching and Research Purposes Length: 16 pages Creation-Date: 1961 Number: 115R1 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0115-ra.pdf File-Format: application/pdf File-Size: 309 kb Handle: RePEc:cwl:cwldpp:115R1 Template-type: ReDIF-Paper 1.0 Author-Name: Edwin S. Mills Author-X-Name-First: Edwin S. Author-X-Name-Last: Mills Title: Output, Sales and Inventory Policy in the Competitive Firm and the Stability of a Competitive Market Length: 61 pages Creation-Date: 1961 Number: 114 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0114.pdf File-Format: application/pdf File-Size: 1593 kb Handle: RePEc:cwl:cwldpp:114 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Some Informal Comments on Models of Decision Processes Under Uncertainty Length: 11 pages Creation-Date: 1961 Number: 113 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0113.pdf File-Format: application/pdf File-Size: 216 kb Handle: RePEc:cwl:cwldpp:113 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Incentives, Decentralized Control, the Assignment of Joint Costs and Internal Pricing Note: CFP 178. Length: 35 pages Creation-Date: 1961 Number: 112 Publication-Status: Published in Management Science (April 1962), 8(3): 325-343 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0178.pdf File-Format: application/pdf File-Size: 943 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0112.pdf File-Format: application/pdf File-Size: 824 kb Handle: RePEc:cwl:cwldpp:112 Template-type: ReDIF-Paper 1.0 Author-Name: Donald D. Hester Author-X-Name-First: Donald D. Author-X-Name-Last: Hester Title: An Empirical Examination of a Commercial Bank Loan Offer Function Note: CFP 176. Length: 117 pages Creation-Date: 1961 Number: 111 Publication-Status: Published in Yale Economic Essays (1962), 2(1): 3-57 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0176.pdf File-Format: application/pdf File-Size: 2534 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0111.pdf File-Format: application/pdf File-Size: 3261 kb Handle: RePEc:cwl:cwldpp:111 Template-type: ReDIF-Paper 1.0 Author-Name: Edmond S. Phelps Author-X-Name-First: Edmond S. Author-X-Name-Last: Phelps Title: An Analysis of the New View of Investment Note: CFP 188. Length: 36 pages Creation-Date: 1961 Number: 110R Publication-Status: Published in Quarterly Journal of Economics (1962), 76: 548-556 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0188.pdf File-Format: application/pdf File-Size: 882 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0110-r.pdf File-Format: application/pdf File-Size: 799 kb Handle: RePEc:cwl:cwldpp:110R Template-type: ReDIF-Paper 1.0 Author-Name: Edmond S. Phelps Author-X-Name-First: Edmond S. Author-X-Name-Last: Phelps Title: The Accumulation of Risky Capital: A Discrete-Time Sequential Utility Analysis Note: CFP 192. Length: 33 pages Creation-Date: 1961 Number: 109 Publication-Status: Published in Econometrica (October 1962), 30(4): 729-743 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0192.pdf File-Format: application/pdf File-Size: 629 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0109.pdf File-Format: application/pdf File-Size: 673 kb Handle: RePEc:cwl:cwldpp:109 Template-type: ReDIF-Paper 1.0 Author-Name: Walter D. Fisher Author-X-Name-First: Walter D. Author-X-Name-Last: Fisher Title: Estimation in the Linear Decision Model Abstract: Using statistical decision theory with reference to a linear decision model with a quadratic welfare function in the endogenous variables, it is shown that (1) the loss function is different than the usual loss functions implied in prediction models; (2) under the Bayesian assumption that a prior distribution of the unknown parameters exists and under usual data assumptions, the minimum-risk decision implies a certain class of "optimal" estimates of the parameters, which are different from the usual existence; (3) the optimal estimates require some knowledge on the part of the estimating statistician of the decision-maker's welfare function. Note: CFP 174. Length: 59 pages Creation-Date: 1961 Number: 108 Publication-Status: Published in International Economic Review (January 1962), 3(1): 1-29 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0174.pdf File-Format: application/pdf File-Size: 1340 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0108.pdf File-Format: application/pdf File-Size: 2377 kb Handle: RePEc:cwl:cwldpp:108 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Extended Edgeworth Bargaining Games and Competitive Equilibrium Note: CFP 305. Length: 24 pages Creation-Date: 1961 Number: 107 Publication-Status: Published in Metroeconomica (December 1968), 20(3): 299-312 File-URL: http://cowles.econ.yale.edu/P/cp/p03a/p0305.pdf File-Format: application/pdf File-Size: 624 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0107.pdf File-Format: application/pdf File-Size: 525 kb Handle: RePEc:cwl:cwldpp:107 Template-type: ReDIF-Paper 1.0 Author-Name: Hollis B. Chenery Author-X-Name-First: Hollis B. Author-X-Name-Last: Chenery Title: Comparative Advantage and Development Policy Note: CFP 161. Length: 55 pages Creation-Date: 1960 Number: 106 Publication-Status: Published in American Economic Review (1961), 51(1): 18-51 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0161.pdf File-Format: application/pdf File-Size: 1885 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0106.pdf File-Format: application/pdf File-Size: 1698 kb Handle: RePEc:cwl:cwldpp:106 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Some Experimental Non-Zero Sum Games With Lack of Information about the Rules Note: CFP 170. Length: 33 pages Creation-Date: 1961 Number: 105 Publication-Status: Published in Management Science (January 1962), 8(2): 215-234 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0170.pdf File-Format: application/pdf File-Size: 829 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0105.pdf File-Format: application/pdf File-Size: 784 kb Handle: RePEc:cwl:cwldpp:105 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Objective Functions and Models of Corporate Optimization Length: 48 pages Creation-Date: 1961 Number: 104 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0104.pdf File-Format: application/pdf File-Size: 1381 kb Handle: RePEc:cwl:cwldpp:104 Template-type: ReDIF-Paper 1.0 Author-Name: Charles H. Berry Author-X-Name-First: Charles H. Author-X-Name-Last: Berry Title: Factors Affecting the Occupational Migration of Labor from Agriculture Length: 45 pages Creation-Date: 1960 Number: 103 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0103.pdf File-Format: application/pdf File-Size: 1262 kb Handle: RePEc:cwl:cwldpp:103 Template-type: ReDIF-Paper 1.0 Author-Name: Lawrence B. Krause Author-X-Name-First: Lawrence B. Author-X-Name-Last: Krause Title: Patterns of United States Imports, 1947-1958 Note: CFP 180. Length: 31 pages Creation-Date: 1960 Number: 102 Publication-Status: Published in Econometrica (April 1962), 30(2): 221-238 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0180.pdf File-Format: application/pdf File-Size: 858 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0102.pdf File-Format: application/pdf File-Size: 883 kb Handle: RePEc:cwl:cwldpp:102 Template-type: ReDIF-Paper 1.0 Author-Name: Edmond S. Phelps Author-X-Name-First: Edmond S. Author-X-Name-Last: Phelps Title: Capital Risk and Household Consumption: A Sequential Utility Analysis Length: 36 pages Creation-Date: 1960 Number: 101 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0101.pdf File-Format: application/pdf File-Size: 813 kb Handle: RePEc:cwl:cwldpp:101 Template-type: ReDIF-Paper 1.0 Author-Name: Martin Shubik Author-X-Name-First: Martin Author-X-Name-Last: Shubik Author-Email: martin.shubik@yale.edu Author-Homepage: http://cowles.econ.yale.edu/faculty/shubik.htm Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Approaches to the Study of Decision-Making Relevant to the Firm Abstract: Summary: In this paper some of the difficulties in utilizing much of economic theory as an aid to the study of decision-making at the level of the firm are reviewed. New theories, techniques and experimentation aimed at overcoming these difficulties are then discussed. The area covered is, of necessity, broad. No attempt is made to provide more than an indication of the type of work in progress and the nature of the problem to which it is addressed. References are supplied for those wishing a more detailed exposition of the many topics noted here. Note: CFP 164. Length: 36 pages Creation-Date: 1960 Number: 100 Publication-Status: Published in The Journal of Business of the University of Chicago (January 1963), 34(2): 97-108 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0164.pdf File-Format: application/pdf File-Size: 1200 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d01a/d0100.pdf File-Format: application/pdf File-Size: 1025 kb Handle: RePEc:cwl:cwldpp:100 Template-type: ReDIF-Paper 1.0 Author-Name: Harold W. Watts Author-X-Name-First: Harold W. Author-X-Name-Last: Watts Title: An Objective Permanent Income Concept for the Household Length: 21 pages Creation-Date: 1960 Number: 99 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0099.pdf File-Format: application/pdf File-Size: 492 kb Handle: RePEc:cwl:cwldpp:99 Template-type: ReDIF-Paper 1.0 Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Email: james.tobin@yale.edu Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: Harold W. Guthrie Author-X-Name-First: Harold W. Author-X-Name-Last: Guthrie Title: Inter-Generation Transfers of Wealth and the Theory of Saving Note: CFP 193. Length: 43 pages Creation-Date: 1960 Number: 98 Publication-Status: Published in The Journal of Business of the University of Chicago (January 1963), 36(1): 97-108 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0193.pdf File-Format: application/pdf File-Size: 577 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0098.pdf File-Format: application/pdf File-Size: 1245 kb Handle: RePEc:cwl:cwldpp:98 Template-type: ReDIF-Paper 1.0 Author-Name: John W. Hooper Author-X-Name-First: John W. Author-X-Name-Last: Hooper Title: Partial Trace Correlation Theory Note: CFP 182. Length: 17 pages Creation-Date: 1960 Number: 97 Publication-Status: Published in Econometrica (April 1962), 30(2): 324-331 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0182.pdf File-Format: application/pdf File-Size: 322 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0097.pdf File-Format: application/pdf File-Size: 381 kb Handle: RePEc:cwl:cwldpp:97 Template-type: ReDIF-Paper 1.0 Author-Name: Alan S. Manne Author-X-Name-First: Alan S. Author-X-Name-Last: Manne Title: Programming of Economic Development Length: 16 pages Creation-Date: 1960 Number: 96 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0096.pdf File-Format: application/pdf File-Size: 419 kb Handle: RePEc:cwl:cwldpp:96 Template-type: ReDIF-Paper 1.0 Author-Name: Alan S. Manne Author-X-Name-First: Alan S. Author-X-Name-Last: Manne Title: Product-Mix Alternatives: Flood Control, Electric Power, and Irrigation Note: CFP 175. Length: 44 pages Creation-Date: 1960 Number: 95 Publication-Status: Published in International Economic Review (January 1962), 3(1): 30-59 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0175.pdf File-Format: application/pdf File-Size: 1269 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0095.pdf File-Format: application/pdf File-Size: 1140 kb Handle: RePEc:cwl:cwldpp:95 Template-type: ReDIF-Paper 1.0 Author-Name: Guy Stevens Author-X-Name-First: Guy Author-X-Name-Last: Stevens Title: Corporation Dividend Payout Ratios and Target Ratios -- Their Significance and Determination Length: 36 pages Creation-Date: 1960 Number: 94 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0094.pdf File-Format: application/pdf File-Size: 944 kb Handle: RePEc:cwl:cwldpp:94 Template-type: ReDIF-Paper 1.0 Author-Name: Harold W. Guthrie Author-X-Name-First: Harold W. Author-X-Name-Last: Guthrie Title: Demand for Tourists' Goods and Services in a World Market Note: CFP 201. Length: 42 pages Creation-Date: 1960 Number: 93 Publication-Status: Published in Papers and Proceedings of the Regional Science Association, Vol. 7, 1961, pp. 160-175 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0201.pdf File-Format: application/pdf File-Size: 746 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0093.pdf File-Format: application/pdf File-Size: 1018 kb Handle: RePEc:cwl:cwldpp:93 Template-type: ReDIF-Paper 1.0 Author-Name: Gerard Debreu Author-X-Name-First: Gerard Author-X-Name-Last: Debreu Title: A New Technique in Equilibrium Analysis Length: 9 pages Creation-Date: 1960 Number: 92 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0092.pdf File-Format: application/pdf File-Size: 194 kb Handle: RePEc:cwl:cwldpp:92 Template-type: ReDIF-Paper 1.0 Author-Name: Bjorn Thalberg Author-X-Name-First: Bjorn Author-X-Name-Last: Thalberg Title: A Keynesian Model Extended by Explicit Demand and Supply Functions for Investment-Goods Length: 44 pages Creation-Date: 1960 Number: 91 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0091.pdf File-Format: application/pdf File-Size: 1204 kb Handle: RePEc:cwl:cwldpp:91 Template-type: ReDIF-Paper 1.0 Author-Name: Michael C. Lovell Author-X-Name-First: Michael C. Author-X-Name-Last: Lovell Title: Forced Saving in a Keynesian Economy: An Analysis of Demand-Pull Inflation Note: CFP 198. Length: 51 pages Creation-Date: 1960 Number: 90R Publication-Status: Published in International Economic Review (September 1963), 4(3): 247-264 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0198.pdf File-Format: application/pdf File-Size: 850 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0090-r.pdf File-Format: application/pdf File-Size: 1510 kb Handle: RePEc:cwl:cwldpp:90R Template-type: ReDIF-Paper 1.0 Author-Name: Michael C. Lovell Author-X-Name-First: Michael C. Author-X-Name-Last: Lovell Title: Buffer Stocks, Sales Expectations, and Stability: A Multi-Sector Theory of the Inventory Cycle Note: CFP 179. Length: 55 pages Creation-Date: 1961 Number: 89R Publication-Status: Published in Econometrica (April 1962), 30(2): 367-396 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0179.pdf File-Format: application/pdf File-Size: 1562 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0089-r.pdf File-Format: application/pdf File-Size: kb Handle: RePEc:cwl:cwldpp:89R Template-type: ReDIF-Paper 1.0 Author-Name: Richard C. Porter Author-X-Name-First: Richard C. Author-X-Name-Last: Porter Title: A Model of Bank Portfolio Selection Note: CFP 168. Length: 61 pages Creation-Date: 1960 Number: 88 Publication-Status: Published in Yale Economic Essays (1961), 1(2): 323-359 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0168.pdf File-Format: application/pdf File-Size: 1766 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0088.pdf File-Format: application/pdf File-Size: 1559 kb Handle: RePEc:cwl:cwldpp:88 Template-type: ReDIF-Paper 1.0 Author-Name: Arthur M. Okun Author-X-Name-First: Arthur M. Author-X-Name-Last: Okun Title: On the Appraisal of Cyclical Turning Point Predictors Note: CFP 144. Length: 27 pages Creation-Date: 1959 Number: 87 Publication-Status: Published in Journal of Business of the University of Chicago (April 1960), 33(2): 101-120 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0144.pdf File-Format: application/pdf File-Size: 999 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0087.pdf File-Format: application/pdf File-Size: 767 kb Handle: RePEc:cwl:cwldpp:87 Template-type: ReDIF-Paper 1.0 Author-Name: Michael C. Lovell Author-X-Name-First: Michael C. Author-X-Name-Last: Lovell Title: Manufacturers' Inventories, Sales Expectations, and the Acceleration Principle Note: CFP 169. Length: 30 pages Creation-Date: 1959 Number: 86 Publication-Status: Published in Econometrica (July 1961), 29(3): 293-314 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0169.pdf File-Format: application/pdf File-Size: 1164 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0086.pdf File-Format: application/pdf File-Size: 836 kb Handle: RePEc:cwl:cwldpp:86 Template-type: ReDIF-Paper 1.0 Author-Name: Benton F. Massell Author-X-Name-First: Benton F. Author-X-Name-Last: Massell Title: Investment, Replacement, and an Index of Technology Length: 17 pages Creation-Date: 1960 Number: 85R Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0085-r.pdf File-Format: application/pdf File-Size: 323 kb Handle: RePEc:cwl:cwldpp:85R Template-type: ReDIF-Paper 1.0 Author-Name: Alan S. Manne Author-X-Name-First: Alan S. Author-X-Name-Last: Manne Title: Comment on 'Interindustry Economics' by Chenery and Clark Abstract: In publishing "Interindustry Economics," Hollis Chenery and Paul Clark have furnished the profession with a uniquely useful work -- both a readable textbook for the beginner, and at the same time a systematic treatise for the input-output practitioner. It is unfortunate, however, that the authors have leaned over backwards to find merits in Leontief's original model as compared with the activity analysis approach to interindustry economics. Activity analysis provides a convenient framework for handling certain kinds of "conceptual" difficulties -- import substitution, processing substitution, labor-capital substitution, and the output of by-products -- difficulties that have arisen in any of the empirical applications proposed by Chenery and Clark. On balance, their work provides impressive evidence against the presumption that the collection of data for a square matrix is cheaper than for a rectangular one. Note: CFP 167. Length: 11 pages Creation-Date: 1959 Number: 84 Publication-Status: Published in Naval Research Logistics Quarterly (December 1960), 7(4): 385-391 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0167.pdf File-Format: application/pdf File-Size: 393 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0084.pdf File-Format: application/pdf File-Size: 299 kb Handle: RePEc:cwl:cwldpp:84 Template-type: ReDIF-Paper 1.0 Author-Name: Martin J. Beckmann Author-X-Name-First: Martin J. Author-X-Name-Last: Beckmann Title: Analysis of a Production Problem by Dynamic Programming Abstract: Summary: Let demand for a product be a random variable, which is independently and identically distributed in successive periods. Consider a firm producing this commodity subject to the following costs: the direct cost of production is proportional to output; the cost of changing the rate of production is proportional to the size of the change with possibly a different cost coefficient applying to upward and downward shifts; the cost of storage is proportional to the size of the stock at the beginning of the period, and the cost of (penalty for) shortage is proportional to the size of the shortage. Let unfilled demand be carried over into the next period. The problem is to find the optimal rate of production conditional on the rate of production in the last period and on the current level of stock. This paper discusses the nature of the solution, but leaves open all questions concerning the most efficient methods of computation. Length: 19 pages Creation-Date: 1959 Number: 83 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0083.pdf File-Format: application/pdf File-Size: 395 kb Handle: RePEc:cwl:cwldpp:83 Template-type: ReDIF-Paper 1.0 Author-Name: Jacob Marschak Author-X-Name-First: Jacob Author-X-Name-Last: Marschak Title: Theory of an Efficient Several-Person Firm Note: CFP 150b. Length: 12 pages Creation-Date: 1959 Number: 82 Publication-Status: Published in General Systems, Vol. 4, Society for General Systems Research, University of Michigan, 1960, pp. 541-548 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0150b.pdf File-Format: application/pdf File-Size: 379 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0082.pdf File-Format: application/pdf File-Size: 353 kb Handle: RePEc:cwl:cwldpp:82 Template-type: ReDIF-Paper 1.0 Author-Name: Tjalling C. Koopmans Author-X-Name-First: Tjalling C. Author-X-Name-Last: Koopmans Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Stationary Ordinal Utility and Impatience Note: CFP 151. Length: 32 pages Creation-Date: 1959 Number: 81 Publication-Status: Published in Econometrica (April 1960), 28(2): 287-309 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0151.pdf File-Format: application/pdf File-Size: 902 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0081.pdf File-Format: application/pdf File-Size: 711 kb Handle: RePEc:cwl:cwldpp:81 Template-type: ReDIF-Paper 1.0 Author-Name: Morton Slater Author-X-Name-First: Morton Author-X-Name-Last: Slater Title: Lagrange Multipliers Revisited Length: 13 pages Creation-Date: 1959 Number: 80 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0080.pdf File-Format: application/pdf File-Size: 229 kb Handle: RePEc:cwl:cwldpp:80 Template-type: ReDIF-Paper 1.0 Author-Name: Herbert E. Scarf Author-X-Name-First: Herbert E. Author-X-Name-Last: Scarf Author-Email: herbert.scarf@yale.edu Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Some Examples of Global Instability of the Competitive Equilibrium Abstract: In this paper we consider the problem of stability of the competitive equilibrium. The market demand functions are sums of individual demand functions obtained directly by utility maximization. The rate of change of the price of each commodity is assumed to be proportional to the excess market demand for that commodity. A number of examples are given for which the motion of the prices is globally unstable in the sense that starting from any set of prices other than equilibrium, the prices oscillate without tending towards equilibrium. Length: 23 pages Creation-Date: 1959 Number: 79 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0079.pdf File-Format: application/pdf File-Size: 448 kb Handle: RePEc:cwl:cwldpp:79 Template-type: ReDIF-Paper 1.0 Author-Name: Harold W. Guthrie Author-X-Name-First: Harold W. Author-X-Name-Last: Guthrie Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Consumers' Propensities to Hold Liquid Assets Note: CFP 158. Length: 37 pages Creation-Date: 1959 Number: 78 Publication-Status: Published in American Statistical Association Journal (September 1960), 469-490 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0158.pdf File-Format: application/pdf File-Size: 1136 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0078.pdf File-Format: application/pdf File-Size: 1129 kb Handle: RePEc:cwl:cwldpp:78 Template-type: ReDIF-Paper 1.0 Author-Name: John W. Hooper Author-X-Name-First: John W. Author-X-Name-Last: Hooper Author-Name: Arnold Zellner Author-X-Name-First: Arnold Author-X-Name-Last: Zellner Title: The Error of Forecast for Multivariate Regression Models Note: CFP 171. Length: 19 pages Creation-Date: 1959 Number: 77R Publication-Status: Published in Econometrica (October 1961), 29(4): 544-555 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0171.pdf File-Format: application/pdf File-Size: 455 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0077-r.pdf File-Format: application/pdf File-Size: 410 kb Handle: RePEc:cwl:cwldpp:77R Template-type: ReDIF-Paper 1.0 Author-Name: Gerard Debreu Author-X-Name-First: Gerard Author-X-Name-Last: Debreu Title: Topological Methods in Cardinal Utility Theory Note: CFP 156. Length: 17 pages Creation-Date: 1959 Number: 76 Publication-Status: Published in Mathematical Methods in the Social Sciences, Stanford University Press, 1960, pp. 16-26 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0156.pdf File-Format: application/pdf File-Size: 441 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0076.pdf File-Format: application/pdf File-Size: 417 kb Handle: RePEc:cwl:cwldpp:76 Template-type: ReDIF-Paper 1.0 Author-Name: C.B. McGuire Author-X-Name-First: C.B. Author-X-Name-Last: McGuire Title: Some Team Models of a Sales Organization Note: CFP 160. Length: 52 pages Creation-Date: 1959 Number: 75 Publication-Status: Published in Management Science (January 1961), 7(2): 101-130 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0160.pdf File-Format: application/pdf File-Size: 1421 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0075.pdf File-Format: application/pdf File-Size: 1238 kb Handle: RePEc:cwl:cwldpp:75 Template-type: ReDIF-Paper 1.0 Author-Name: Jacob Marschak Author-X-Name-First: Jacob Author-X-Name-Last: Marschak Title: Binary Choice Constraints on Random Utility Indicators Note: CFP 155. Length: 25 pages Creation-Date: 1959 Number: 74 Publication-Status: Published in Mathematical Methods in the Social Sciences, 1959, Stanford University Press, 1960, pp. 312-329 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0155.pdf File-Format: application/pdf File-Size: 738 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0074.pdf File-Format: application/pdf File-Size: 615 kb Handle: RePEc:cwl:cwldpp:74 Template-type: ReDIF-Paper 1.0 Author-Name: Alan S. Manne Author-X-Name-First: Alan S. Author-X-Name-Last: Manne Title: On the Job Shop Scheduling Problem Abstract: This is a proposal for the application of discrete linear programming to the typical job shop scheduling problem -- one that involves both sequencing restrictions and also non-interference constraints for individual pieces of equipment. Thus far, no attempt has been made to establish the computational feasibility of the approach in the case of large-scale realistic problems. This formulation seems, however, to involve considerably fewer variables than two other recent proposals and on these grounds may be worth some computer experimentation. Note: CFP 145. Length: 7 pages Creation-Date: 1959 Number: 73 Publication-Status: Published in Operations Research (March-April 1960), 8(2): 219-223 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0145.pdf File-Format: application/pdf File-Size: 228 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0073.pdf File-Format: application/pdf File-Size: 163 kb Handle: RePEc:cwl:cwldpp:73 Template-type: ReDIF-Paper 1.0 Author-Name: Gerard Debreu Author-X-Name-First: Gerard Author-X-Name-Last: Debreu Title: On 'An Identity in Arithmetic' Note: CFP 149b. Length: 2 pages Creation-Date: 1959 Number: 72 Publication-Status: Published in Bulletin of the American Mathematical Society(May 1959), 65(3): 123-124 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0149b.pdf File-Format: application/pdf File-Size: 48 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0072.pdf File-Format: application/pdf File-Size: 50 kb Handle: RePEc:cwl:cwldpp:72 Template-type: ReDIF-Paper 1.0 Author-Name: C.B. McGuire Author-X-Name-First: C.B. Author-X-Name-Last: McGuire Title: Comparisons of Information Structures Length: 33 pages Creation-Date: 1959 Number: 71 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0071.pdf File-Format: application/pdf File-Size: 636 kb Handle: RePEc:cwl:cwldpp:71 Template-type: ReDIF-Paper 1.0 Author-Name: Jacob Marschak Author-X-Name-First: Jacob Author-X-Name-Last: Marschak Title: Remarks on the Economics of Information Note: CFP 146. Length: 35 pages Creation-Date: 1959 Number: 70 Publication-Status: Published in Contributions to Scientific Research in Management, University of California Printing Department, Berkeley, 1960, pp. 79-98 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0146.pdf File-Format: application/pdf File-Size: 1106 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0070.pdf File-Format: application/pdf File-Size: 1239 kb Handle: RePEc:cwl:cwldpp:70 Template-type: ReDIF-Paper 1.0 Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: Harold W. Watts Author-X-Name-First: Harold W. Author-X-Name-Last: Watts Title: Consumer Expenditures and the Capital Account Note: CFP 165. Length: 61 pages Creation-Date: 1959 Number: 69 Publication-Status: Published in Irwin Friend and Robert Jones, eds., Proceedings of the Conference on Consumption and Saving, Vol. 2, University of Pennsylvania, 1960, pp. 1-48 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0165.pdf File-Format: application/pdf File-Size: 1758 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0069.pdf File-Format: application/pdf File-Size: 1600 kb Handle: RePEc:cwl:cwldpp:69 Template-type: ReDIF-Paper 1.0 Author-Name: Martin J. Beckmann Author-X-Name-First: Martin J. Author-X-Name-Last: Beckmann Title: A Dynamic Programming Model of the Consumption Function Length: 9 pages Creation-Date: 1959 Number: 68 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0068.pdf File-Format: application/pdf File-Size: 190 kb Handle: RePEc:cwl:cwldpp:68 Template-type: ReDIF-Paper 1.0 Author-Name: Wieslaw Sadowski Author-X-Name-First: Wieslaw Author-X-Name-Last: Sadowski Title: A Few Remarks on the Assortment Problem Abstract: The paper deals with the assortment problem in a particular case -- that of structural steel beams. Using the dynamic programming technique we show that this assortment problem is equivalent to the economic lot size problem and also to the routing problem. Note: CFP 142. Length: 19 pages Creation-Date: 1959 Number: 67 Publication-Status: Published in Management Science (October 1959), 6(1): 13-24 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0142.pdf File-Format: application/pdf File-Size: 458 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0067.pdf File-Format: application/pdf File-Size: 420 kb Handle: RePEc:cwl:cwldpp:67 Template-type: ReDIF-Paper 1.0 Author-Name: H.D. Block Author-X-Name-First: H.D. Author-X-Name-Last: Block Author-Name: Jacob Marschak Author-X-Name-First: Jacob Author-X-Name-Last: Marschak Title: Random Orderings and Stochastic Theories of Response Note: CFP 147. Length: 68 pages Creation-Date: 1959 Number: 66 Publication-Status: Published in Olkin, Ghurye, Hoeffding, Madow and Mann, eds., Contributions to Probability and Statistics, Stanford University Press, 1960, pp. 97-132 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0147.pdf File-Format: application/pdf File-Size: 1759 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0066.pdf File-Format: application/pdf File-Size: 1701 kb Handle: RePEc:cwl:cwldpp:66 Template-type: ReDIF-Paper 1.0 Author-Name: Jacob Marschak Author-X-Name-First: Jacob Author-X-Name-Last: Marschak Title: Efficient and Viable Organizational Forms Note: CFP 150a. Length: 19 pages Creation-Date: 1959 Number: 65 Publication-Status: Published in Reprinted from Modern Organization Theory, Wiley, 1959, pp. 137-143 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0150a.pdf File-Format: application/pdf File-Size: 573 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0065.pdf File-Format: application/pdf File-Size: 552 kb Handle: RePEc:cwl:cwldpp:65 Template-type: ReDIF-Paper 1.0 Author-Name: Robert Summers Author-X-Name-First: Robert Author-X-Name-Last: Summers Title: A Capital-Intensive Approach to the Small Sample Properties of Various Simultaneous Equation Estimators Note: CFP 226. Length: 29 pages Creation-Date: 1959 Number: 64 Publication-Status: Published in Econometrica (January 1965), 3(1): 1-41 File-URL: http://cowles.econ.yale.edu/P/cp/p02a/p0226.pdf File-Format: application/pdf File-Size: 1830 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0064.pdf File-Format: application/pdf File-Size: 852 kb Handle: RePEc:cwl:cwldpp:64 Template-type: ReDIF-Paper 1.0 Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Name: William C. Brainard Author-X-Name-First: William C. Author-X-Name-Last: Brainard Author-Email: william.brainard@yale.edu Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Financial Intermediaries and the Effectiveness of Monetary Controls Note: CFP 194. Length: 69 pages Creation-Date: 1962 Number: 63R Publication-Status: Published in American Economic Review (1963), 53(2): 383-400 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0194.pdf File-Format: application/pdf File-Size: 887 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0063-r.pdf File-Format: application/pdf File-Size: 1414 kb Handle: RePEc:cwl:cwldpp:63R Template-type: ReDIF-Paper 1.0 Author-Name: Alan S. Manne Author-X-Name-First: Alan S. Author-X-Name-Last: Manne Title: Linear Programming and Sequential Decision Models Abstract: This paper is designed to show how a typical sequential probabilistic model may be formulated in linear programming terms. In contrast with Dantzig and Radner, the time horizon here is an infinite one. For another very closely related study, the reader is referred to a paper by R. Howard. The essential idea underlying this linear programming formulation is that the "state" variable i and the "decision" variable j are introduced as subscripts to the unknowns x_{ij}. These unknowns x_{ij} represent the joint probabilities with which the state variable takes on the value of i and the decision variable the value of j. Although the particular application described is a rather specialized one, there seem to be quite a number of other cases where the technique should be an efficient alternative to the functional equation approach of Bellman. Note: CFP 148. Length: 16 pages Creation-Date: 1959 Number: 62 Publication-Status: Published in Management Science (April 1960), 6(3): 259-267 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0148.pdf File-Format: application/pdf File-Size: 454 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0062.pdf File-Format: application/pdf File-Size: 370 kb Handle: RePEc:cwl:cwldpp:62 Template-type: ReDIF-Paper 1.0 Author-Name: Sidney G. Winter Author-X-Name-First: Sidney G. Author-X-Name-Last: Winter Title: Testing for Neutrality of Technological Change. (Is Technological Change Neutral?) Length: 4 pages Creation-Date: 1958 Number: 61 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0061.pdf File-Format: application/pdf File-Size: 94 kb Handle: RePEc:cwl:cwldpp:61 Template-type: ReDIF-Paper 1.0 Author-Name: Leroy S. Wehrle Author-X-Name-First: Leroy S. Author-X-Name-Last: Wehrle Title: A Theory of Life Insurance Company Portfolio Selection Length: 41 pages Creation-Date: 1958 Number: 60 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0060.pdf File-Format: application/pdf File-Size: 1110 kb Handle: RePEc:cwl:cwldpp:60 Template-type: ReDIF-Paper 1.0 Author-Name: Jacob Marschak Author-X-Name-First: Jacob Author-X-Name-Last: Marschak Author-Name: Roy Radner Author-X-Name-First: Roy Author-X-Name-Last: Radner Title: Economic Theory of Teams. Chapter 5 Length: 40 pages Creation-Date: 1958 Number: 59e Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0059-e.pdf File-Format: application/pdf File-Size: 1017 kb Handle: RePEc:cwl:cwldpp:59e Template-type: ReDIF-Paper 1.0 Author-Name: Jacob Marschak Author-X-Name-First: Jacob Author-X-Name-Last: Marschak Author-Name: Roy Radner Author-X-Name-First: Roy Author-X-Name-Last: Radner Title: Economic Theory of Teams. Chapter 3 Length: 29 pages Creation-Date: 1958 Number: 59c Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0059-c.pdf File-Format: application/pdf File-Size: 757 kb Handle: RePEc:cwl:cwldpp:59c Template-type: ReDIF-Paper 1.0 Author-Name: Jacob Marschak Author-X-Name-First: Jacob Author-X-Name-Last: Marschak Author-Name: Roy Radner Author-X-Name-First: Roy Author-X-Name-Last: Radner Title: Economic Theory of Teams. Chapter 2 Length: 22 pages Creation-Date: 1958 Number: 59b Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0059-b.pdf File-Format: application/pdf File-Size: 588 kb Handle: RePEc:cwl:cwldpp:59b Template-type: ReDIF-Paper 1.0 Author-Name: Jacob Marschak Author-X-Name-First: Jacob Author-X-Name-Last: Marschak Author-Name: Roy Radner Author-X-Name-First: Roy Author-X-Name-Last: Radner Title: Economic Theory of Teams. Chapter 1 Length: 20 pages Creation-Date: 1958 Number: 59a Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0059-a.pdf File-Format: application/pdf File-Size: 749 kb Handle: RePEc:cwl:cwldpp:59a Template-type: ReDIF-Paper 1.0 Author-Name: Benton F. Massell Author-X-Name-First: Benton F. Author-X-Name-Last: Massell Title: Capital Formation and Technological Change Note: CFP 152. Length: 43 pages Creation-Date: 1958 Number: 58 Publication-Status: Published in Review of Economics and Statistics (1960), 42(2)1: 182-188 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0152.pdf File-Format: application/pdf File-Size: 618 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0058.pdf File-Format: application/pdf File-Size: 1077 kb Handle: RePEc:cwl:cwldpp:58 Template-type: ReDIF-Paper 1.0 Author-Name: Gerard Debreu Author-X-Name-First: Gerard Author-X-Name-Last: Debreu Title: Cardinal Utility for Even-chance Mixtures of Pairs of Sure Prospects Note: CFP 141. Length: 6 pages Creation-Date: 1958 Number: 57 Publication-Status: Published in Review of Economic Studies (June 1959), 71: 174-177 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0141.pdf File-Format: application/pdf File-Size: 163 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0057.pdf File-Format: application/pdf File-Size: 154 kb Handle: RePEc:cwl:cwldpp:57 Template-type: ReDIF-Paper 1.0 Author-Name: Donald D. Hester Author-X-Name-First: Donald D. Author-X-Name-Last: Hester Title: Consumer Conformity in a Sample of College Students Length: 19 pages Creation-Date: 1958 Number: 56 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0056.pdf File-Format: application/pdf File-Size: 484 kb Handle: RePEc:cwl:cwldpp:56 Template-type: ReDIF-Paper 1.0 Author-Name: Roy Radner Author-X-Name-First: Roy Author-X-Name-Last: Radner Title: Limit Distributions of Failure Time for Series -- Parallel Systems Note: CFP 139. Length: 27 pages Creation-Date: 1958 Number: 55 Publication-Status: Published in Proceedings of the New York University-Industry Conference on Reliability Theory, 1958, pp. 162-186 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0139.pdf File-Format: application/pdf File-Size: 833 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0055.pdf File-Format: application/pdf File-Size: 480 kb Handle: RePEc:cwl:cwldpp:55 Template-type: ReDIF-Paper 1.0 Author-Name: Alan S. Manne Author-X-Name-First: Alan S. Author-X-Name-Last: Manne Title: Capacity Expansion and Probabilistic Growth Note: CFP 172. Length: 37 pages Creation-Date: 1958 Number: 54R Publication-Status: Published in Econometrica (October 1961), 29(4): 632-649 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0172.pdf File-Format: application/pdf File-Size: 766 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0054-r.pdf File-Format: application/pdf File-Size: 957 kb Handle: RePEc:cwl:cwldpp:54R Template-type: ReDIF-Paper 1.0 Author-Name: C.B. McGuire Author-X-Name-First: C.B. Author-X-Name-Last: McGuire Title: Some Models of a Sales Organization Length: 32 pages Creation-Date: 1958 Number: 53 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0053.pdf File-Format: application/pdf File-Size: 738 kb Handle: RePEc:cwl:cwldpp:53 Template-type: ReDIF-Paper 1.0 Author-Name: George M. Furnival Author-X-Name-First: George M. Author-X-Name-Last: Furnival Author-Name: Richard Rosett Author-X-Name-First: Richard Author-X-Name-Last: Rosett Title: Estimation of an Index of Site Productivity Length: 5 pages Creation-Date: 1958 Number: 52 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0052.pdf File-Format: application/pdf File-Size: 112 kb Handle: RePEc:cwl:cwldpp:52 Template-type: ReDIF-Paper 1.0 Author-Name: Martin J. Beckmann Author-X-Name-First: Martin J. Author-X-Name-Last: Beckmann Title: Returns to Scale in Business Administration Note: CFP 154. Length: 10 pages Creation-Date: 1958 Number: 51 Publication-Status: Published in Quarterly Journal of Economics (1960), 74: 464-471 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0154.pdf File-Format: application/pdf File-Size: 317 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0051.pdf File-Format: application/pdf File-Size: 268 kb Handle: RePEc:cwl:cwldpp:51 Template-type: ReDIF-Paper 1.0 Author-Name: Martin J. Beckmann Author-X-Name-First: Martin J. Author-X-Name-Last: Beckmann Title: An Inventory Model for Repair Parts -- Approximations in the Case of Variable Delivery Time Note: CFP 102. Length: 5 pages Creation-Date: 1958 Number: 50b Publication-Status: Published in Management Science (January 1956), 2(2): 145-155 Price: None File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0102.pdf File-Format: application/pdf File-Size: 443 kb Price: None Handle: RePEc:cwl:cwldpp:50b Template-type: ReDIF-Paper 1.0 Author-Name: Martin J. Beckmann Author-X-Name-First: Martin J. Author-X-Name-Last: Beckmann Title: An Inventory Policy for Repair Parts Note: CFP 162. Length: 5 pages Creation-Date: 1958 Number: 50a Publication-Status: Published in Naval Research Logistics Quarterly (1959), 6(3): 209-220 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0162.pdf File-Format: application/pdf File-Size: 344 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00b/d0050-a.pdf File-Format: application/pdf File-Size: 103 kb Handle: RePEc:cwl:cwldpp:50a Template-type: ReDIF-Paper 1.0 Author-Name: Lawrence R. Klein Author-X-Name-First: Lawrence R. Author-X-Name-Last: Klein Title: The Measurement of Capacity Length: 54 pages Creation-Date: 1958 Number: 49 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0049.pdf File-Format: application/pdf File-Size: 1017 kb Handle: RePEc:cwl:cwldpp:49 Template-type: ReDIF-Paper 1.0 Author-Name: John C. Harsanyi Author-X-Name-First: John C. Author-X-Name-Last: Harsanyi Title: On Incentives to Forecasters and to Decision Makers Under Uncertainty Length: 11 pages Creation-Date: 1958 Number: 48 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0048.pdf File-Format: application/pdf File-Size: 345 kb Handle: RePEc:cwl:cwldpp:48 Template-type: ReDIF-Paper 1.0 Author-Name: T.P. Hill Author-X-Name-First: T.P. Author-X-Name-Last: Hill Title: An Analysis of the Distribution of Wages and Salaries in Great Britain Length: 48 pages Creation-Date: 1958 Number: 47 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0047.pdf File-Format: application/pdf File-Size: 1228 kb Handle: RePEc:cwl:cwldpp:47 Template-type: ReDIF-Paper 1.0 Author-Name: John C. Harsanyi Author-X-Name-First: John C. Author-X-Name-Last: Harsanyi Title: Bargaining in Ignorance of the Opponents' Utility Function Note: CFP 173. Length: 16 pages Creation-Date: 1957 Number: 46 Publication-Status: Published in Journal of Conflict Resolution (1962), 6(1): 29-38 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0173.pdf File-Format: application/pdf File-Size: 627 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0046.pdf File-Format: application/pdf File-Size: 415 kb Handle: RePEc:cwl:cwldpp:46 Template-type: ReDIF-Paper 1.0 Author-Name: Arthur M. Okun Author-X-Name-First: Arthur M. Author-X-Name-Last: Okun Title: A Review of Some Economic Forecasts Note: CFP 135. Length: 26 pages Creation-Date: 1957 Number: 45 Publication-Status: Published in Journal of Business of the University of Chicago (July 1959), 6(1): 29-38 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0135.pdf File-Format: application/pdf File-Size: 849 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0045.pdf File-Format: application/pdf File-Size: 904 kb Handle: RePEc:cwl:cwldpp:45 Template-type: ReDIF-Paper 1.0 Author-Name: Hendrik S. Houthakker Author-X-Name-First: Hendrik S. Author-X-Name-Last: Houthakker Title: Restatement of the Theory of Normal Backwardation Length: 28 pages Creation-Date: 1957 Number: 44 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0044.pdf File-Format: application/pdf File-Size: 896 kb Handle: RePEc:cwl:cwldpp:44 Template-type: ReDIF-Paper 1.0 Author-Name: Harold W. Guthrie Author-X-Name-First: Harold W. Author-X-Name-Last: Guthrie Title: Measures of Relative Income for Testing Theories of Consumer Behavior Length: 15 pages Creation-Date: 1957 Number: 43 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0043.pdf File-Format: application/pdf File-Size: 354 kb Handle: RePEc:cwl:cwldpp:43 Template-type: ReDIF-Paper 1.0 Author-Name: H.D. Block Author-X-Name-First: H.D. Author-X-Name-Last: Block Author-Name: Jacob Marschak Author-X-Name-First: Jacob Author-X-Name-Last: Marschak Title: Random Orderings Length: 33 pages Creation-Date: 1957 Number: 42 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0042.pdf File-Format: application/pdf File-Size: 876 kb Handle: RePEc:cwl:cwldpp:42 Template-type: ReDIF-Paper 1.0 Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: On the Predictive Value of Consumer Intentions and Attitudes Note: CFP 131. Length: 25 pages Creation-Date: 1957 Number: 41 Publication-Status: Published in Review of Economic Studies (February 1959), 41(1): 1-11 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0131.pdf File-Format: application/pdf File-Size: 803 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0041.pdf File-Format: application/pdf File-Size: 709 kb Handle: RePEc:cwl:cwldpp:41 Template-type: ReDIF-Paper 1.0 Author-Name: Arthur M. Okun Author-X-Name-First: Arthur M. Author-X-Name-Last: Okun Title: The Value of Anticipations Data in Forecasting National Product Note: CFP 153. Length: 74 pages Creation-Date: 1957 Number: 40 Publication-Status: Published in Universities-National Bureau Committee, Quality and Economic Significance of Anticipations Data, Princeton University Press for the National Bureau of Economic Research, Special Conference Series, Vol. 10, 1960, pp. 406-460 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0153.pdf File-Format: application/pdf File-Size: 2856 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0040.pdf File-Format: application/pdf File-Size: 2193 kb Handle: RePEc:cwl:cwldpp:40 Template-type: ReDIF-Paper 1.0 Author-Name: Gerard Debreu Author-X-Name-First: Gerard Author-X-Name-Last: Debreu Title: Stochastic Choice and Cardinal Utility Note: CFP 125. Length: 8 pages Creation-Date: 1957 Number: 39 Publication-Status: Published in Econometrica (1958), 26(3): 440-444 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0125.pdf File-Format: application/pdf File-Size: 210 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0039.pdf File-Format: application/pdf File-Size: 190 kb Handle: RePEc:cwl:cwldpp:39 Template-type: ReDIF-Paper 1.0 Author-Name: Harold W. Watts Author-X-Name-First: Harold W. Author-X-Name-Last: Watts Title: Long-Run Income Expectations and Consumer Saving Note: CFP 123. Length: 59 pages Creation-Date: 1957 Number: 38 Publication-Status: Published in Studies in Household Economic Behavior, Yale Studies in Economics, Vol. 9, 1958 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0123.pdf File-Format: application/pdf File-Size: 1874 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0038.pdf File-Format: application/pdf File-Size: 1578 kb Handle: RePEc:cwl:cwldpp:38 Template-type: ReDIF-Paper 1.0 Author-Name: Alan S. Manne Author-X-Name-First: Alan S. Author-X-Name-Last: Manne Title: A Target Assignment Problem Note: CFP 120. Length: 9 pages Creation-Date: 1957 Number: 37 Publication-Status: Published in Operations Research (May-June 1958), 6(3): 346-351 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0120.pdf File-Format: application/pdf File-Size: 259 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0037.pdf File-Format: application/pdf File-Size: 211 kb Handle: RePEc:cwl:cwldpp:37 Template-type: ReDIF-Paper 1.0 Author-Name: Thomas F. Dernburg Author-X-Name-First: Thomas F. Author-X-Name-Last: Dernburg Title: Consumer Response to Innovation: Television Note: CFP 121. Length: 63 pages Creation-Date: 1957 Number: 36 Publication-Status: Published in Studies in Household Economic Behavior, Yale Studies in Economics, Vol. 9, Yale University Press, 1958, pp. 3-49 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0121.pdf File-Format: application/pdf File-Size: 1899 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0036.pdf File-Format: application/pdf File-Size: 1692 kb Handle: RePEc:cwl:cwldpp:36 Template-type:ReDIF-Paper 1.0 Author-Name: Richard Rosett Author-X-Name-First: Richard Author-X-Name-Last: Rosett Title: Working Wives: An Econometric Study Note: No page 62, CFP 122. Length: 65 pages Creation-Date: 1957 Number: 35 Publication-Status: Published in Studies in Household Economic Behavior, Yale Studies in Economics, Vol. 9, Yale University Press, 1958, pp. 53-99 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0122.pdf File-Format: application/pdf File-Size: 1586 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0035.pdf File-Format: application/pdf File-Size: 1384 kb Handle: RePEc:cwl:cwldpp:35 Template-type: ReDIF-Paper 1.0 Author-Name: Lawrence R. Klein Author-X-Name-First: Lawrence R. Author-X-Name-Last: Klein Title: The Estimation of Distributed Lags Note: CFP 129. Length: 21 pages Creation-Date: 1957 Number: 34 Publication-Status: Published in Econometrica (1958), 26(4): 553-565 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0129.pdf File-Format: application/pdf File-Size: 484 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0034.pdf File-Format: application/pdf File-Size: 442 kb Handle: RePEc:cwl:cwldpp:34 Template-type: ReDIF-Paper 1.0 Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Alternative Forecasts of Saving 1947-56 Length: 5 pages Creation-Date: 1957 Number: 33 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0033.pdf File-Format: application/pdf File-Size: 142 kb Handle: RePEc:cwl:cwldpp:33 Template-type: ReDIF-Paper 1.0 Author-Name: Roy Radner Author-X-Name-First: Roy Author-X-Name-Last: Radner Title: The Application of Linear Programming to Team Decision Problems Note: CFP 128. Length: 13 pages Creation-Date: 1957 Number: 13 Publication-Status: Published in Management Science (1959), 5(2): 143-150 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0128.pdf File-Format: application/pdf File-Size: 367 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0032.pdf File-Format: application/pdf File-Size: 312 kb Handle: RePEc:cwl:cwldpp:32 Template-type: ReDIF-Paper 1.0 Author-Name: Jacob Marschak Author-X-Name-First: Jacob Author-X-Name-Last: Marschak Title: Theory of Teams: Introduction Length: 23 pages Creation-Date: 1957 Number: 21 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0031.pdf File-Format: application/pdf File-Size: 477 kb Handle: RePEc:cwl:cwldpp:31 Template-type: ReDIF-Paper 1.0 Author-Name: Richard Rosett Author-X-Name-First: Richard Author-X-Name-Last: Rosett Title: The Estimation of Relationships in which the Dependent Variable Is Subject to Inertia Length: 8 pages Creation-Date: 1957 Number: 30 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0030.pdf File-Format: application/pdf File-Size: 124 kb Handle: RePEc:cwl:cwldpp:30 Template-type: ReDIF-Paper 1.0 Author-Name: Robert Summers Author-X-Name-First: Robert Author-X-Name-Last: Summers Title: A Note on Least Squares Bias in Household Expenditure Analysis Note: CFP 134. Length: 10 pages Creation-Date: 1957 Number: 29 Publication-Status: Published in Econometrica (1959), 27(1): 121-126 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0134.pdf File-Format: application/pdf File-Size: 276 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0029.pdf File-Format: application/pdf File-Size: 226 kb Handle: RePEc:cwl:cwldpp:29 Template-type: ReDIF-Paper 1.0 Author-Name: Roy Radner Author-X-Name-First: Roy Author-X-Name-Last: Radner Title: Minimax Estimation for Linear Regressions Note: CFP 127. Length: 18 pages Creation-Date: 1957 Number: 28 Publication-Status: Published in Annals of Mathematical Statistics (December 1958), 29(4): 1245-1250 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0127.pdf File-Format: application/pdf File-Size: 347 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0028.pdf File-Format: application/pdf File-Size: 376 kb Handle: RePEc:cwl:cwldpp:28 Template-type: ReDIF-Paper 1.0 Author-Name: Harry Markowitz Author-X-Name-First: Harry Author-X-Name-Last: Markowitz Title: A Simplex Method for the Portfolio Selection Problem Note: CFP 60. Length: 6 pages Creation-Date: 1957 Number: 27 Publication-Status: Published in Journal of Finance (March 1952), 7(1): 77-91 File-URL: http://cowles.econ.yale.edu/P/cp/p00b/p0060.pdf File-Format: application/pdf File-Size: 603 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0027.pdf File-Format: application/pdf File-Size: 98 kb Handle: RePEc:cwl:cwldpp:27 Template-type: ReDIF-Paper 1.0 Author-Name: Tjalling C. Koopmans Author-X-Name-First: Tjalling C. Author-X-Name-Last: Koopmans Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Water Storage Policy in a Simplified Hydroelectric System Note: CFP 115. Length: 65 pages Creation-Date: 1957 Number: 26 Publication-Status: Published in Proceedings of the First International Conference on Operational Research, Oxford, September 1957, pp. 1-35 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0115.pdf File-Format: application/pdf File-Size: 1425 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0026.pdf File-Format: application/pdf File-Size: 1446 kb Handle: RePEc:cwl:cwldpp:26 Template-type: ReDIF-Paper 1.0 Author-Name: Martin J. Beckmann Author-X-Name-First: Martin J. Author-X-Name-Last: Beckmann Author-Name: Richard F. Muth Author-X-Name-First: Richard F. Author-X-Name-Last: Muth Title: On the Two Bin Inventory Policy: An Application of the Arrow-Harris-Marschak Model Length: 20 pages Creation-Date: 1957 Number: 25 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0025.pdf File-Format: application/pdf File-Size: 317 kb Handle: RePEc:cwl:cwldpp:25 Template-type: ReDIF-Paper 1.0 Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Email: james.tobin@yale.edu Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Consumer Debt and Spending: Some Evidence from Analysis of a Survey Length: 42 pages Creation-Date: 1957 Number: 24 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0024.pdf File-Format: application/pdf File-Size: 1124 kb Handle: RePEc:cwl:cwldpp:24 Template-type: ReDIF-Paper 1.0 Author-Name: Alan S. Manne Author-X-Name-First: Alan S. Author-X-Name-Last: Manne Title: Programming of Economic Lot Sizes Note: CFP 116. Length: 39 pages Creation-Date: 1957 Number: 23 Publication-Status: Published in Management Science (January 1958), 4(2): 115-135 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0116.pdf File-Format: application/pdf File-Size: 997 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0023.pdf File-Format: application/pdf File-Size: 935 kb Handle: RePEc:cwl:cwldpp:23 Template-type: ReDIF-Paper 1.0 Author-Name: Jacob Marschak Author-X-Name-First: Jacob Author-X-Name-Last: Marschak Author-Name: Donald Davidson Author-X-Name-First: Donald Author-X-Name-Last: Davidson Title: Experimental Tests of Stochastic Decision Theory Note: CFP 137. Length: 18 pages Creation-Date: 1957 Number: 22 Publication-Status: Published in C. West Churchman and Philburn Ratoosh (eds.), Measurement: Definitions and Theories, John Wiley, 1959, pp. 233-269 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0137.pdf File-Format: application/pdf File-Size: 1563 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0022.pdf File-Format: application/pdf File-Size: 414 kb Handle: RePEc:cwl:cwldpp:22 Template-type: ReDIF-Paper 1.0 Author-Name: Fritz C. Holte Author-X-Name-First: Fritz C. Author-X-Name-Last: Holte Title: A New Approach to the Aggregation Problem Length: 26 pages Creation-Date: 1956 Number: 21 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0021.pdf File-Format: application/pdf File-Size: 576 kb Handle: RePEc:cwl:cwldpp:21 Template-type: ReDIF-Paper 1.0 Author-Name: Martin J. Beckmann Author-X-Name-First: Martin J. Author-X-Name-Last: Beckmann Title: A Flow Model of Communication Towards an Economic Theory of Information Length: 17 pages Creation-Date: 1956 Number: 20 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0020.pdf File-Format: application/pdf File-Size: 337 kb Handle: RePEc:cwl:cwldpp:20 Template-type: ReDIF-Paper 1.0 Author-Name: Martin J. Beckmann Author-X-Name-First: Martin J. Author-X-Name-Last: Beckmann Title: The Theory of Backwardation for a Stationary Economy with Random Stocks Length: 16 pages Creation-Date: 1956 Number: 19 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0019.pdf File-Format: application/pdf File-Size: 369 kb Handle: RePEc:cwl:cwldpp:19 Template-type: ReDIF-Paper 1.0 Author-Name: Roy Radner Author-X-Name-First: Roy Author-X-Name-Last: Radner Title: A Theory of the Movement and Solution of Problems within an Organization Length: 7 pages Creation-Date: 1956 Number: 18 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0018.pdf File-Format: application/pdf File-Size: 168 kb Handle: RePEc:cwl:cwldpp:18 Template-type: ReDIF-Paper 1.0 Author-Name: Robert A. Levin Author-X-Name-First: Robert A. Author-X-Name-Last: Levin Title: Plant and Equipment Expenditures Surveys: Intentions and Fulfillment Length: 131 pages Creation-Date: 1956 Number: 17 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0017.pdf File-Format: application/pdf File-Size: 3367 kb Handle: RePEc:cwl:cwldpp:17 Template-type: ReDIF-Paper 1.0 Author-Name: Alan S. Manne Author-X-Name-First: Alan S. Author-X-Name-Last: Manne Title: A Note on the Modigliani-Hohn Production Smoothing Model Note: CFP 113. Length: 14 pages Creation-Date: 1956 Number: 16 Publication-Status: Published in Management Science (July 1957), 3(4): 371-379 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0113.pdf File-Format: application/pdf File-Size: 341 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0016.pdf File-Format: application/pdf File-Size: 238 kb Handle: RePEc:cwl:cwldpp:16 Template-type: ReDIF-Paper 1.0 Author-Name: L.W. McKenzie Author-X-Name-First: L.W. Author-X-Name-Last: McKenzie Title: A Simple Analysis of the Leontief System Note: CFP 114. Length: 9 pages Creation-Date: 1956 Number: 15 Publication-Status: Published in Econometrica (1957), 25(3): 456-462 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0114.pdf File-Format: application/pdf File-Size: 325 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0015.pdf File-Format: application/pdf File-Size:221 kb Handle: RePEc:cwl:cwldpp:15 Template-type: ReDIF-Paper 1.0 Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Liquidity Preference as Behavior Towards Risk Note: CFP 118. Length: 40 pages Creation-Date: 1956 Number: 14 Publication-Status: Published in Review of Economic Studies (1958), 67: 65-86 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0118.pdf File-Format: application/pdf File-Size: 1441 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0014.pdf File-Format: application/pdf File-Size:1025 kb Handle: RePEc:cwl:cwldpp:14 Template-type: ReDIF-Paper 1.0 Author-Name: L.W. McKenzie Author-X-Name-First: L.W. Author-X-Name-Last: McKenzie Title: A Direct Approach to the Slutsky Relation Length: 7 pages Creation-Date: 1956 Number: 13 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0013.pdf File-Format: application/pdf File-Size: 7 kb Handle: RePEc:cwl:cwldpp:13 Template-type: ReDIF-Paper 1.0 Author-Name: Tjalling C. Koopmans Author-X-Name-First: Tjalling C. Author-X-Name-Last: Koopmans Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: The Klein-Goldberger Forecasts for 1951, 1952 and 1954, Compared with Naive-Model Forecasts Length: 5 pages Creation-Date: 1956 Number: 12 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0012.pdf File-Format: application/pdf File-Size: 152 kb Handle: RePEc:cwl:cwldpp:12 Template-type: ReDIF-Paper 1.0 Author-Name: Lawrence R. Klein Author-X-Name-First: Lawrence R. Author-X-Name-Last: Klein Title: The Efficiency of Estimation in Econometric Models Note: CFP 157. Length: 14 pages Creation-Date: 1956 Number: 11 Publication-Status: Published in Reprinted from Essays in Economics and Econometrics, University of North Carolina Press, 1960, pp. 216-232 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0157.pdf File-Format: application/pdf File-Size: 639 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0011.pdf File-Format: application/pdf File-Size: 352 kb Handle: RePEc:cwl:cwldpp:11 Template-type: ReDIF-Paper 1.0 Author-Name: Gerard Debreu Author-X-Name-First: Gerard Author-X-Name-Last: Debreu Title: Market Equilibrium Note: CFP 107 Length: 10 pages Creation-Date: 1956 Number: 10 Publication-Status: Published in Proceedings of the National Academy of Sciences (November 1956), 42(11): 876-878 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0107.pdf File-Format: application/pdf File-Size: 117 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0010.pdf File-Format: application/pdf File-Size: 117 kb Handle: RePEc:cwl:cwldpp:10 Template-type: ReDIF-Paper 1.0 Author-Name: Robert Summers Author-X-Name-First: Robert Author-X-Name-Last: Summers Title: An Econometric Investigation of the Lifetime Size Distribution of Average Annual Income Length: 37 pages Creation-Date: 1956 Number: 9 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0009.pdf File-Format: application/pdf File-Size: 1213 kb Handle: RePEc:cwl:cwldpp:9 Template-type: ReDIF-Paper 1.0 Author-Name: Martin J. Beckmann Author-X-Name-First: Martin J. Author-X-Name-Last: Beckmann Title: On the Allocation of Personnel in Teams Length: 10 pages Creation-Date: 1955 Number: 8 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0008.pdf File-Format: application/pdf File-Size: 173 kb Handle: RePEc:cwl:cwldpp:8 Template-type: ReDIF-Paper 1.0 Author-Name: Jacob Marschak Author-X-Name-First: Jacob Author-X-Name-Last: Marschak Title: Suggested Experiments on Tastes and Beliefs Length: 7 pages Creation-Date: 1955 Number: 7 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0007.pdf File-Format: application/pdf File-Size: 161 kb Handle: RePEc:cwl:cwldpp:7 Template-type: ReDIF-Paper 1.0 Author-Name: Jacob Marschak Author-X-Name-First: Jacob Author-X-Name-Last: Marschak Title: Remarks on the Rationale of Leadership Length: 4 pages Creation-Date: 1955 Number: 6 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0006.pdf File-Format: application/pdf File-Size: 126 kb Handle: RePEc:cwl:cwldpp:6 Template-type: ReDIF-Paper 1.0 Author-Name: Roy Radner Author-X-Name-First: Roy Author-X-Name-Last: Radner Author-Name: Jacob Marschak Author-X-Name-First: Jacob Author-X-Name-Last: Marschak Title: Team Decision Problems Note: CFP 184. Length: 77 pages Creation-Date: 1955 Number: 5 Publication-Status: Published in Annals of Mathematical Statistics (September 1962), 33(3): 857-881 File-URL: http://cowles.econ.yale.edu/P/cp/p01b/p0184.pdf File-Format: application/pdf File-Size: 1222 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0005.pdf File-Format: application/pdf File-Size: 1656 kb Handle: RePEc:cwl:cwldpp:5 Template-type: ReDIF-Paper 1.0 Author-Name: Tjalling C. Koopmans Author-X-Name-First: Tjalling C. Author-X-Name-Last: Koopmans Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Author-Name: Martin J. Beckmann Author-X-Name-First: Martin J. Author-X-Name-Last: Beckmann Title: Assignment Problems and the Location of Economic Activities Note: CFP 108. Length: 42 pages Creation-Date: 1955 Number: 4 Publication-Status: Published in Econometrica (1957), 25(1): 53-76 File-URL: http://cowles.econ.yale.edu/P/cp/p01a/p0108.pdf File-Format: application/pdf File-Size: 1231 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0004.pdf File-Format: application/pdf File-Size: 1097 kb Handle: RePEc:cwl:cwldpp:4 Template-type: ReDIF-Paper 1.0 Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: Estimation of Relationships for Limited Dependent Variables Note: CFP 117. Length: 23 pages Creation-Date: 1956 Number: 3R Publication-Status: Published in Econometrica (1958), 26(1): 24-36 File-URL: http://cowles.econ.yale.edu/P/cp/p00a/p0017.pdf File-Format: application/pdf File-Size: 521 kb Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0003-r.pdf File-Format: application/pdf File-Size: 469 kb Handle: RePEc:cwl:cwldpp:3R Template-type: ReDIF-Paper 1.0 Author-Name: Richard F. Muth Author-X-Name-First: Richard F. Author-X-Name-Last: Muth Title: Comments on Organizational Aspects of the Inventory Control Problem Length: 3 pages Creation-Date: 1955 Number: 2 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0002.pdf File-Format: application/pdf File-Size: 78 kb Handle: RePEc:cwl:cwldpp:2 Template-type: ReDIF-Paper 1.0 Author-Name: James Tobin Author-X-Name-First: James Author-X-Name-Last: Tobin Author-Workplace-Name: Cowles Foundation, Yale University Author-Workplace-Homepage: http://cowles.econ.yale.edu/ Title: The Application of Multivariate Probit Analysis to Economic Survey Data Length: 22 pages Creation-Date: 1955 Number: 1 Price: None File-URL: http://cowles.econ.yale.edu/P/cd/d00a/d0001.pdf File-Format: application/pdf File-Size: 572 kb Handle: RePEc:cwl:cwldpp:1