Digital Commons Network^™

Three Monographs: International Monetary Fund; Treasury Systems; Military Conscription And Conscientious Objection, John Sondey

Economics Staff Paper Series

No abstract provided.

Marxian Economics: A Centenary Appraisal, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

International Conference. Karl Marx’s Third Volume of Capital: 1894-1994. Universita Degli Studi Di Bergamo, Dipartimento Di Scienze Economiche, Bergamo, Italy, Dec. 15-17, 1994. Plenary Session: Money (III), Sat. Dec. 17, 1994.

Structural Changes In Cattle Feeding: S.D. Versus Neighboring Major Cattle Feeding States; Livestock Outlook, Donald C. Taylor, Gene Murra

Economics Commentator

No abstract provided.

Markets, The Environment And Liberty: The Case Of Elephants And Air Quality, Gordon L. Brady, Michael L. Marlow

Economics

No Abstract

A Model Of Migration, Thomas Quint, Martin Shubik

Cowles Foundation Discussion Papers

A simple game-theoretic model of migration is proposed, in which the players are animals, the strategies are territories in a landscape to which they may migrate, and the payoffs for each animal are determined by its ultimate location and the number of other animals there. If the payoff to an animal is a decreasing function of the number of other animals sharing its territory, we show the resultant game has a pure strategy Nash equilibrium (PSNE). Furthermore, this PSNE is generated via “natural” myopic behavior on the part of the animals. Finally, we compare this type of game with congestion …

On The Number Of Nash Equilibria In A Bimatrix Game, Thomas Quint, Martin Shubik

Cowles Foundation Discussion Papers

We show that if y is an odd integer between 1 and 2 n - 1, there is an n × n bimatrix game with exactly y Nash equilibria (NE). We conjecture that this 2 n - 1 is a tight upper for n < 3, and provide bounds on the number of NEs in m × n nondegenerate games when min( m,n ) < 4.

The Topological Structure Of Maximal Lattice Free Convex Bodies: The General Case, Imre Bárány, Herbert E. Scarf, David F. Shallcross

Cowles Foundation Discussion Papers

Given a generic m x n matrix A , the simplicial complex K ( A ) is defined to be the collection of simplices representing maximal lattice point free convex bodies of the form { x : Ax < b }. The main result of this paper is that the topological space associated with K ( A ) is homeomorphic with R m -1.

Review Of "The Political Economy Of Tax Reform" By T. Ito And A. O. Krueger, Larry E. Westphal

Economics Faculty Works

No abstract provided.

Ua68/2 Intercambio Internacional, Vol. Xiii, No. 1, Wku Latin American Studies

WKU Archives Records

Newsletter created by WKU Latin American Studies program regarding science, politics and economic advances in Latin America as well as cooperative projects between WKU and universities across Latin America. The newsletter is written in both English and Spanish.

Central Bank Of Nigeria Statistical Bulletin, December 1994, Central Bank Of Nigeria

CBN Statistical Bulletin

Financial data is compiled from various documents, such as balance sheets and financial statements, to meet legal and administrative requirements rather than economic analysis needs. The Finance and Accounts Department prepares the CBN accounting balance sheet data for the Research Department, using the monthly return of Assets and Liabilities and the summary trial balance as benchmarks. The Financial Statistics Office compiles the analytical CBN balance sheet without major reclassifications or rearrangements. Monetary survey accounts are produced by consolidating accounts of monetary authorities and deposit money banks. Monthly interest rate returns are used to compute weighted average lending and deposit interest …

Geauga County Growth Forecast: Study Of Expected Trends To The Year 2005, Donald T. Iannone, Ziona Austrian

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

Notes On: Proposal For A Conference At The University Of "Bergamo", Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

No abstract provided.

Feeding Versus Selling Cull Cows; Marketing Plan Execution, Dillion M. Feuz, Richard Shane

Economics Commentator

No abstract provided.

Monetary Policy: The Inflation-Unemployment Tradeoff, Levy Institute

Archives of the Levy Economics Institute

No abstract provided.

The Financial Instability Hypothesis And Current Common Problems Of Rich Capitalist Economies, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Prepared for presentation at the A. Fausto Vicarelli Lecture at the University of Macerata, Italy.

Also included are the notes for the talk.

State And Local Tax Policy; Non-Trader Use Of Futures: Sell Or Store, Scott W. Fausti, Richard Shane

Economics Commentator

No abstract provided.

Ethics And Capitalism, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Notes for Conference on Ethics and Capitalism held at the Levy Economics Institute.

Error Bands For Impulse Responses, Christopher A. Sims, Tao Zha

Cowles Foundation Discussion Papers

We examine the theory and behavior in practice of Bayesian and bootstrap methods for generating error bands on impulse responses in dynamic linear models. The Bayesian intervals have a firmer theoretical foundation in small samples, are easier to compute, and are about as good in small samples by classical criteria as are the best bootstrap intervals. Bootstrap intervals based directly on the simulated small-sample distribution of an estimator, without bias correction, perform very badly. We show that a method that has been used to extend to the overidentified case standard algorithms for Bayesian intervals in reduced form models is incorrect, …

Edgeworth Approximation For Minpin Estimators In Semiparametric Regression Models, Oliver B. Linton

Cowles Foundation Discussion Papers

We examine the higher order asymptotic properties of semiparametric regression estimators that were obtained by the general MINPIN method described in Andrews (1989). We derive an order n –1 stochastic expansion and give a theorem justifying order n – 1 distributional approximation of the Edgeworth type.

Failed And Successful Capitalisms: Lessons From The Twentieth Century, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

A talk prepared for the Jerome Levy Economics Institute Series at Bard College. To be delivered Nov. 10, 1994. Upload version is dated after the Series.Presumably, the 7 November paper was the one delivered.

The Economics Of Controls And Deregulation: The Nigerian Case Study, M. O. Ojo

CBN Occasional Papers

The abandonment of economic controls and the adoption of deregulatory measures in the mid-1 980s were expected to usher in economic recovery and sustained growth in Nigeria. In the wake of the apparent failure of the adopted policy regime to attain that primary goal, there Is a need to investigate the efficacy of the policy instruments adopted and the fundamental causes of persistent economic downturn. The paper reviews Nigeria’s experiences in the use of economic control tools and measures of liberalisation, as well as the international evidence. A major finding of the study is that the programme of deregulation was …

Comparative Efficiencies: National And Military Service, John Sondey

Economics Staff Paper Series

The National Service Act of 1993 is viewed as a means of inculcating a sense of personal and social responsibility in young adults. The present emphasis on fiscal responsibility and budget reduction implies that any new expenditure program be funded by either: (a) reductions in present programs; or, (b) new taxes. As new taxes are regarded as "politically incorrect" by legislators seeking to extend their tenure, program cuts become mandatory. It is proposed that military downsizing is one means of funding national service; and that the tradeoff is suboptimal. Downsizing adversely affects minorities and the least skilled - who benefit …

The Influence Of International On Union Firm Hiring And Worker Union Choice, Dwight Adamson, Mark Partridge

Economics Staff Paper Series

Union opposition to free trade policies suggests that international trade damages the union movement. Previous research has found little relationship between union wages and international trade. However, greater trade may hinder unions by reducing the likelihood that workers enter the union sector. A bivariate partial observability probit model is used to predict union choice with respect to risk aversion, union strategic behavior, and product market effects of trade. The model estimates the probability of workers entering the union sector queue and the probability of being hired from the union queue. The results suggest that trade has had some adverse effects …

Regulation And Supervision, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

This paper is the final copy. Notes for it are also available.

Review Of "Privatization In The Transition To A Market Economy: Studies Of Preconditions And Policies In Eastern Europe" By J. S. Earle, R. Frydman, And A. Rapaczynski, Frederic L. Pryor

Economics Faculty Works

No abstract provided.

Uncertainty Over The Quality Of Labor Inputs: A Nonmonopoly Theory Of Union Wages And Hours Worked, Dwight Adamson, Scott Fausti

Economics Staff Paper Series

Traditional theoretical explanations of union wage effects rely on a monopoly theory of wage determination. Using union monopoly power to set wages implies that unions face a tradeoff between higher wages and lower union sector employment. Earle and Pencavel (1990) find a positive union effect (relative to the nonunion sector) on wages and hours of work. Their empirical result appears to be inconsistent with the theoretical implications of union monopoly power. If unions are able to force unionized firms off their labor demand curve to the point where both wages and hours worked increase, then in a competitive environment, nonunion …

The Effect Of Economic Events On Votes For President: 1992 Update, Ray C. Fair

Cowles Foundation Discussion Papers

This paper updates through the 1992 election the equation originally presented in Fair (1978) explaining votes for president. Conditional predictions of the 1996 election are also made.

Review Of Maynard Keynes, An Economist's Biography By D. Moggridge, John B. Davis

Economics Faculty Research and Publications

No abstract provided.

Impacts Of Changing Techonolgy On Rental Shares; Early, Quick Harvest Pressures Row Crop Prcies, Larry Madsen, Richard Shane

Economics Commentator

No abstract provided.

The Portland Of The Pacific Beguiles, Chester Smolski

Smolski Texts

"When Amos Lovejoy of Boston and Francis Pettygrove of Portland sought to name the clearing in the Oregon forest called 'Stumptown' (because of the tree stumps remaining from frequent fires set by the Indians), each wanted to honor the New England city from which he came. By the toss of a coin, Pettygrove was the winner, and the Portland of the Northeast had its counterpart in the Portland of the Northwest."