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Wages, The Terms Of Trade, And The Exchange Rate Regime, Douglas D. Purvis
Wages, The Terms Of Trade, And The Exchange Rate Regime, Douglas D. Purvis
Cowles Foundation Discussion Papers
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 …
A Theory Of Money And Financial Institutions. Part 33. On The Value Of Market Information, Martin Shubik
A Theory Of Money And Financial Institutions. Part 33. On The Value Of Market Information, Martin Shubik
Cowles Foundation Discussion Papers
No abstract provided.
Probabilistic Generalizations Of The Shapley Value, Pradeep Dubey
Probabilistic Generalizations Of The Shapley Value, Pradeep Dubey
Cowles Foundation Discussion Papers
No abstract provided.
Theory Of Money And Financial Institutions. Part 34. A Multiperiod Trading Economy With Fiat Money, Bank Money And An Optimal Bankruptcy Rule, Martin Shubik
Cowles Foundation Discussion Papers
No abstract provided.
Nepal Studies Association Bulletin, No. 11, Nepal Studies Association, Donald A. Messerschmidt
Nepal Studies Association Bulletin, No. 11, Nepal Studies Association, Donald A. Messerschmidt
Nepal Studies Association Newsletter
No abstract provided.
Price Information And The Economics Of Consumerism: A Model Of Stochastic Equilibrium, John Sutton
Price Information And The Economics Of Consumerism: A Model Of Stochastic Equilibrium, John Sutton
Cowles Foundation Discussion Papers
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.
A Note On The Computation Of The Tobit Estimator, Ray C. Fair
A Note On The Computation Of The Tobit Estimator, Ray C. Fair
Cowles Foundation Discussion Papers
No abstract provided.
Economic Growth And Climate: The Carbon Dioxide Problem, William D. Nordhaus
Economic Growth And Climate: The Carbon Dioxide Problem, William D. Nordhaus
Cowles Foundation Discussion Papers
No abstract provided.
A Theory Of Extramarital Affairs, Ray C. Fair
A Theory Of Extramarital Affairs, Ray C. Fair
Cowles Foundation Discussion Papers
No abstract provided.
The Small-Disturbance-Asymptotic Moments Of The Instrumental Variables And Ordinary Least Squares Estimators For A Dynamic Equation With Correlated Errors, Jon K. Peck
Cowles Foundation Discussion Papers
No abstract provided.
A Model Of Insurance Markets With Asymmetric Information, Charles A. Wilson
A Model Of Insurance Markets With Asymmetric Information, Charles A. Wilson
Cowles Foundation Discussion Papers
No abstract provided.
A Dynamic Economy With Shares, Fiat, Bank And Accounting Money, Joseph J.M. Evers, Martin Shubik
A Dynamic Economy With Shares, Fiat, Bank And Accounting Money, Joseph J.M. Evers, Martin Shubik
Cowles Foundation Discussion Papers
No abstract provided.
A Closed Economic System With Production And Exchange Modelled As A Game Of Strategy, Pradeep Dubey, Martin Shubik
A Closed Economic System With Production And Exchange Modelled As A Game Of Strategy, Pradeep Dubey, Martin Shubik
Cowles Foundation Discussion Papers
No abstract provided.
Nepal Studies Association Bulletin, No. 10, Nepal Studies Association, Donald A. Messerschmidt
Nepal Studies Association Bulletin, No. 10, Nepal Studies Association, Donald A. Messerschmidt
Nepal Studies Association Newsletter
No abstract provided.
A Model Of The World Economy, Ray C. Fair
A Model Of The World Economy, Ray C. Fair
Cowles Foundation Discussion Papers
No abstract provided.
Asset Markets And The Cost Of Capital, James Tobin, William C. Brainard
Asset Markets And The Cost Of Capital, James Tobin, William C. Brainard
Cowles Foundation Discussion Papers
No abstract provided.
A Short-Run Two-Commodity Macroeconomic Model, Gary Smith, William Starnes
A Short-Run Two-Commodity Macroeconomic Model, Gary Smith, William Starnes
Cowles Foundation Discussion Papers
No abstract provided.
The Linear Exchange Model And Induced Welfare Optima, Rolf R. Mantel
The Linear Exchange Model And Induced Welfare Optima, Rolf R. Mantel
Cowles Foundation Discussion Papers
No abstract provided.
A Theory Of Money And Financial Institutions. Part 28. The Noncooperative Equilibria Of A Closed Trading Economy With Market Supply And Bidding Strategies, Pradeep Dubey, Martin Shubik
A Theory Of Money And Financial Institutions. Part 28. The Noncooperative Equilibria Of A Closed Trading Economy With Market Supply And Bidding Strategies, Pradeep Dubey, Martin Shubik
Cowles Foundation Discussion Papers
No abstract provided.
A Theory Of Money And Financial Institutions. Part 30 (Revised). The Optimal Bankruptcy Rule In A Trading Economy Using Fiat Money, Martin Shubik, Charles A. Wilson
A Theory Of Money And Financial Institutions. Part 30 (Revised). The Optimal Bankruptcy Rule In A Trading Economy Using Fiat Money, Martin Shubik, Charles A. Wilson
Cowles Foundation Discussion Papers
No abstract provided.
Concepts Of Optimality And Their Uses, Tjalling C. Koopmans
Concepts Of Optimality And Their Uses, Tjalling C. Koopmans
Cowles Foundation Discussion Papers
No abstract provided.
On Disequilibrium Economic Dynamics. Part Iv. The Theory Of Long-Run Phillips Curve, Katsuhito Iwai
On Disequilibrium Economic Dynamics. Part Iv. The Theory Of Long-Run Phillips Curve, Katsuhito Iwai
Cowles Foundation Discussion Papers
No abstract provided.
Inflation Theory And Policy, William D. Nordhaus
Inflation Theory And Policy, William D. Nordhaus
Cowles Foundation Discussion Papers
No abstract provided.
The Use Of Optimal Control Techniques To Measure Economic Performance, Ray C. Fair
The Use Of Optimal Control Techniques To Measure Economic Performance, Ray C. Fair
Cowles Foundation Discussion Papers
No abstract provided.
A Theory Of Money And Financial Institutions. Part 27. Beyond General Equilibrium, Martin Shubik
A Theory Of Money And Financial Institutions. Part 27. Beyond General Equilibrium, Martin Shubik
Cowles Foundation Discussion Papers
No abstract provided.
A Theory Of Money And Financial Institutions. Part 26. On The Number Of Types Of Markets With Trade In Money, Martin Shubik
A Theory Of Money And Financial Institutions. Part 26. On The Number Of Types Of Markets With Trade In Money, Martin Shubik
Cowles Foundation Discussion Papers
No abstract provided.
The Effects Of Economic Events On Votes For President, Ray C. Fair
The Effects Of Economic Events On Votes For President, Ray C. Fair
Cowles Foundation Discussion Papers
No abstract provided.
On A General Approach To Optimality In Game Theory, Eduardas Vilkas
On A General Approach To Optimality In Game Theory, Eduardas Vilkas
Cowles Foundation Discussion Papers
No abstract provided.