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Articles 1 - 4 of 4
Full-Text Articles in Economics
California's Rising Star: Down On Jerry Brown., Derek Shearer
California's Rising Star: Down On Jerry Brown., Derek Shearer
Derek Shearer
Comments on the dismissal of California's director of employment development James Lorenz by California Governor Edmund G. Brown Jr, also known as Jerry Brown. Appointment of Lorenz by Brown in January 1975; Formation of the California Rural Legal Assistance group by Lorenz; Assignment given by Brown to Lorenz as the head of the employment development department; Officials selected by Brown for top positions in the state resources agency; Other people appointed by Brown.
The Existence Of Maximal Elements And Equilibria In The Absence Of Transitivity, Ted Bergstrom
The Existence Of Maximal Elements And Equilibria In The Absence Of Transitivity, Ted Bergstrom
Ted C Bergstrom
This paper generalizes results of Ky Fan and Hugo Sonnenschein on the existence of maximal elements for non-transitive binary relations. It proves a generalization of Nash's theorem on the existence of non-cooperative equilibrium. It also shows that existence of competitive equilibrium can be proved as a consequence of the existence of a maximal element for an appropriately chosen binary relation.
The Core When Strategies Are Restricted By Law, Ted Bergstrom
The Core When Strategies Are Restricted By Law, Ted Bergstrom
Ted C Bergstrom
The alpha-core is defined to be the set of feasible allocations such that no coalition can do better for its members by selecting alternative strategies given “worst-case” assumptions about the behavior of other players. This paper explores the way that the alpha-core of a game is affected by restrictions on the legally admissible strategies of the players. It also explores the relation between Lindahl equilibrium and alpha-cores with suitable restrictions on strategies.
How To Plan In A Mixed Economy., Derek Shearer, Lee Webb
How To Plan In A Mixed Economy., Derek Shearer, Lee Webb
Derek Shearer
Provides information on how to plan in a mixed economy in the U.S. Proposal to establish a national economic planning agency; Control of sizable shares of national and foreign markets; Creation of demand for products; Feasibility of establishing a government corporation to provide capital to the energy industry; Need to adopt a strategy of competitive public enterprise coupled with noncoercive economic planning.