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The Principle Of Unanimity And Voluntary Consent In Social Choice, Vernon L. Smith

Economics Faculty Articles and Research

A discrete version of the author's incentive-compatible Auction Mechanism for public goods is applied to the problem of social choice (voting) among distinct mutually exclusive alternatives. This Auction Election is a bidding mechanism characterized by (1) unanimity, (2) provision for the voluntary compensation of voters harmed by a winning proposition, and (3) incentives for 'reasonable' bidding by excluding members of a collective from maximal increase in benefit if they fail to agree on the proposition with largest surplus. Four of five experiments with six voters, bidding privacy, monetary rewards, and cyclical majority rule structure choose the best of three propositions.

Long-Run Debt-Income Model Of Consumer Installment Credit, Tseng Ho Wong

Masters Theses

In the late forties and early fifties concern emerged in some economic circles because installment debt was growing more rapidly than income. Overextensions of debt in the long run were believed to jeopardize future prosperity of the economy. To demonstrate that the rate of growth of debt would not threaten future prosperity, A. Enthoven designed a debt-income growth model. Michael K. Evans reaffirmed Enthoven's conclusions in a later study. However, in 1964 and 1967, the model and its assumptions were attacked by Oliver and Chiu and Brosky, respectively.

This study tests again Enthoven's model and its assumptions using up-to-date data. …

Economic Impact Of An Air Base On The Duluth-Superior Region, Wayne A. Jesswein, Richard W. Lichty

Journal of the Minnesota Academy of Science

The economic impact of the Duluth Air Base on the Duluth-Superior Growth Center was measured using an input-output table . A review of the impact results shows significant effects of the base on the area's industrial structure. A review of the results also shows the importance of the indirect effects in assessing the total impact on the region.

Book Review. Le Regime Juridique Des Investissements Étrangers En Gréce. Contribution À Une Théorie De L’Investissement International By K. G. Mavrias, A. A. Fatouros

Articles by Maurer Faculty

No abstract provided.

Potential Competition Mergers: A Structural Synthesis, Joseph F. Brodley

Articles by Maurer Faculty

No abstract provided.

Book Review Of Economic Analysis Of Law, Francis E. Holahan, Edward Sussna

Journal of Legal Education

No abstract provided.

Ua62 Grapevine, Vol. I, No. 1, Wku Gordon Ford College Of Business

WKU Administration Documents

Newsletter created by and about the Bowling Green College of Business & Public Affairs.

• Jenkins, William. The Dean's Soapbox
• The Word on the Paper Itself
• This is US - The Dean's Doings
• Business Administration
• Business Education & Office Administration
• Economics
• Government
• Mid-Management & Distributive Education
• Public Service Institute
• Sociology & Anthropology
• The Editor's Ramblings

Money, Expectations And The Existence Of A Temporary Equilibrium, Bryce Hool

Research Collection School Of Economics

The article presents information on money, expectations and the existance of a temporary equilibrium. If money and financial assets are to be integrated into general equilibrium theory, it is apparent that the classical Arrow-Debreu framework must be modified. As long as all trading takes place essentially at some initial point in time, with each individual subject only to a present value budget constraint, there is no place in the system for money, either as a medium of exchange or as a store of value, even if uncertainty about future states of the world is introduced as in G. Debreu's work, …

The Influence Of Market Structure On Industry Advertising Intensity, Brian C. Brush

Economics Faculty Research and Publications

No abstract provided.

Friedman-Savage Utility Function In Cross-Cultural Perspective, Frederic L. Pryor

Economics Faculty Works

No abstract provided.

Government As Promoter And Subsidizer Of Advertising, Murray L. Weidenbaum

Murray Weidenbaum Publications

The author points out that government subsidies in advertising can also mean more government control on those organizations that accept the subsidies.

Study Of Industrial Applications Centers: Final Report, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This report evaluates the operational efficiency, market potential, and long-range expansion capabilities of the NASA Industrial Applications Center (IAC) network. Prepared for NASA by the Bureau of Business and Economic Research at the University of New Mexico, the study utilizes empirical market data and a new product definition matrix to outline strategic resource allocation models that balance regional market penetration against nationwide geographic coverage on a fee-for-service basis.

Socioeconomic Index Scores For Metropolitan Connecticut, 1970, William H. Groff, John N. Wright

Storrs Agricultural Experiment Station

No abstract provided.

Ua77/1 Western Alumnus, Vol. 46, No. 4, Wku Alumni Association

WKU Administration Documents

WKU alumni magazine. Features the following articles:

• Highland, Jim. Reflections - A Seventy-Six Series
• Dr. Ray Franklin Delivers Four Lectures
• Dickey, Debbie. The Maestro Returns to Carnegie Hall, Bennie Beach
• Conway, Sheila. A Tax Study Best Seller, Stephen Lile
• Harvey, Debbie. ROTC on the Rebound
• Given, Ed. Hilltoppers in Ohio Valley Conference An Established Dynasty
• Just, Paul. Remember 1930-31
• Snodgrass, Jim. Weather Risk Assessment Tornado!
• Ashcraft, Betsy. Wandering Scholar - Reza Ahsan
• Grise, Richard. Guatemala Esta En Pie
• Bruce Edwards, Photographer
• Shelton, Larry. What You Can Do to Keep America Great
• Russell, Marvin. Tribute Paid to Dr. C.P. McNally
• Bowling …

Expatriate Business And The African Response In Ghana: 1886-1939, Rhoda E. Howard-Hassmann

Political Science Faculty Publications

This thesis discusses the integration of' colonial Ghana into the world trading network between 1886 and 1939. It attempts to explain the underdevelopment of Ghana's economy as a result of her subjection to a system of economic and political imperialism. Ghana's contact with Britain resulted in a situation in which, although her trade economy "developed," her economic potential, as well as the potential for development of her trading and entrepreneurial classes, was thwarted. While three groups, namely the expatriate businessmen, the expatriate Government, and the African elite, interacted in the setting of economic policies, generally speaking the policies were set …

Natural Resources Policy 1975–85, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This report examines U.S. natural resource policy during the 1975–1985 period, arguing that fragmented regulations and distorted economic incentives have contributed to resource depletion, environmental degradation, and energy insecurity. Allen V. Kneese proposes a comprehensive policy framework emphasizing market-based environmental controls, conservation, energy reform, resource taxation, and institutional reorganization to achieve more efficient and sustainable resource management.

The Supply Of National Park Products: A Theoretical And Applied Analysis, Judith Carol Houston

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

The central objective of the investigation in this study is to determine a means of attaining an economically efficient combination of resources to maximize the level of services provided by a national park under the conditions of a limited budget, a constrained production possibilities set, and a limited availability of inputs. First, a theoretical model is built which elucidates the collective and private good natures of national park products. The theory identifies the optimality criteria for the provision of park products in a system of limited resources. It is noted, however, that the theoretically determined optimal solution cannot be expected …

Snowmobiling In Utah: An Analysis Of Consumer Characteristics, Site Quality, And Carrying Capacity, Richard A. Haws

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

A consumer characteristic profile of the snowmobile owners in Utah was compiled and compared to the general population in Utah and the United States. Other statistics were compiled which included user preferences of snowmobiling sites and machine characteristics.

Data were collected by a mail survey of snowmobilers during the 1974-75 snowmobiling season. Approximately 315 questionnaires were analyzed. Additional data were collected from the Utah Division of Parks and Recreation.

Total economic rent values were estimated for 58 sites in Utah. These values were then separated into location and quality values. This was done by reallocating trips to sites by means …

Agricultural Districts - The New York Experiment In Agricultural Land Preservation, Galen Kelsey

Economics Commentator (1972- 2016)

No abstract provided.

The Potential For Reducing Inflationary Pressures By Reforming Government Regulation, Murray L. Weidenbaum

Murray Weidenbaum Publications

This paper suggests that if government offers proper incentives instead of increasing regulation, business and individuals would be more liable to alter their economic behavior in a way that is more beneficial to society as a whole.

Aggregate Versus Subaggregate Models In Local Area Forecasting, D. M. Dunn, William (Bill) H. Williams, T. L. Dechaine

Publications and Research

Should statistical forecasts be constructed by aggregating data to each level for which forecasts are required or aggregating the forecasts from the lower levels? The relevant literature suggest no general answer. In this study using actual data, forecasts aggregated form lower-level forecasts were found best.

The Contrast Between Government Planning And Business Planning: Market Orientation Versus Centralized Control, Murray L. Weidenbaum

Murray Weidenbaum Publications

Government planning is a centralized process in which economic decisions are made in the form of governmental edicts; business planning is a decentralized process where the individual consumer makes choices. The author states that adopting a form of centralized planning could result in society moving away from market freedoms and toward greater governmental controls over individual behavior.

Comparative Analysis Of Hospital Utilization In Urban And Rural Counties, James R. Dingels

Journal of the Minnesota Academy of Science

Hospital utilization, when measured as patient days per population, exhibited generally insignificant relationships with factors concerning population characteristics, hospital resources, financial assistance, and degree of urbanization. Adjusted multivariate linear regression results indicated that number of physicians per population did possess significant effects, while other independent variables remained significant. Additional research, as well as refinement of present data, appear paramount to further validation procedures.

Here Is Where We Are, M. H. Baker

Journal of the Minnesota Academy of Science

Industrial chemistry in the Upper Midwest consists principally of compounding, formulating and specialty manufacturing rather than the production of basic chemicals. The economic position of industrial chemistry is, nevertheless, significant because many of the region's major corporations are employers of technically-trained personnel and are substantial chemical users. This paper provides a non-quantitative overview of chemical technology applications and developments in some of the area's key industries as a record of the past, a measure of current activity, and as a possible indicator for the future. The paper also notes that the large investment demands, complexity of regulations and distance from …

Grain Sales Of Russia--The Summer Of '72 Revisited, R. J. Charkins

Journal of the Minnesota Academy of Science

A review of market conditions and price fluctuations since announcement in 1972 of large grain sales to Russia indicates that several major questions regarding the impact of those transactions still unresolved. The functioning of international grain trade is delineated and possible effects on various segments of the United States and world economy are considered.

Indiana State University Financial Report 1976, Indiana State University

Financial Reports

No abstract provided.

Ua68/2 Intercambio Internacional, Vol. I, No. 4, Wku Latin American Studies

WKU Administration Documents

Newsletter created by WKU Latin American Studies committee 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.

On The Measurement Of Capital-Intensity, David Lim

Support & Other Units (THEi)

The problem of the choice of technique in less developed countries has featured prominently in the literature on economic develop- ment I. This paper shows that despite such interest attempts to measure capital-intensity still leave much to be desired and argues that a modified capital-labour ratio, with capital adjusted for utilization and labour to refer to the number of production workers on the biggest shift, is the theoretically most suitable measure of capital-intensity...

Free Enterprise: The Greatest Story Never Told (Until Now), Don P. Diffine Ph.D.

Belden Center Books

The goal of this report, originally released under the title Students for Private Enterprise Education in 1976, has been to develop and use objective, responsible, and nonpartisan multi-media ways to put a little polish on each citizen's amateur status as his own personal economist, thereby counteracting much of the unearned anti-business bias so prevalent today.

On The Measurement Of Capital Utilisation In Less Developed Countries, David Lim

Support & Other Units (THEi)

The shortage of physical capital is often seen as the crucial constraint to growth in less developed countries (LDCs). Thus many development plans are based on the aggregate Harrod-Domar model where the growth of the economy is seen to depand only on the availability and the productivity of capital. A corollary of such a capital-centred approach to development is that the capital plant and machinery installed are utilized to the full. However, recent studies claim that capital under-utilization exists on a massive scale in manufacturing in LDCs and raise the possibility of a parabox in capital usage in capital-scarce LDCs. …