Digital Commons Network^™

Optimal Cartel Equilibria With Imperfect Monitoring, Dilip Abreu, David G. Pearce, Ennio Stacchetti

Cowles Foundation Discussion Papers

There exist optimal symmetric equilibria in the Green-Porter model [5, 8] having an elementary intertemporal structure. Such an equilibrium is described entirely by two subsets of price space and two quantities, the only production levels used by firms in any contingency. The central technique employed in the analysis is the reduction of the repeated game to a family of static games.

Empirical Procedures, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Handwritten notes titled Employment, wages & variable capital (June 28, 1989)

• Handwritten tables with corporate profit calculations

• Computer data output

• Data summary S/V empirical (June 1979)

• Updating S/V data (1980)

• Estimating variable capital, 1975–1978 (April 1980)

• Document titled Revised procedure for calculating variable capital (October 26, 1984)

• NIPA/SV: COS and wage measures (June 1991)

• Document related to real estate titled I-O documentation (1989)

• Summary I-O tables 8x11 (June 22, 1989)

• Value rate & M___ rate of S.V. (October 12, 1989)

• Document titled Notes on ABR adjustments (July 3, 1989)

• NIPA data tables (June 28, 1989)

Recent Trends In South Dakota's Farmland Market, Larry Janssen

Economics Commentator (1972- 2016)

No abstract provided.

Statement [For] Distribution And Economics Of Employer Provided Fringe Benefits: Hearings Before The Subcommittee On Social Security And Subcommittee On Select Revenue Measures Of The Committee On Ways And Means, House Of Representatives, Stephen A. Woodbury

Testimonies

No abstract provided.

Hearing On Fair Reduction-In-Force (Rif) Practice Act Of 1984 (H.R. 6080) Before The U.S. House Of Representatives Committee On Post Office And Civil Service Subcommittee On Human Resources: Testimony, Wayne R. Wendling

Testimonies

No abstract provided.

Book Review Of Law And Economics: Cases And Materials, Jeffrey L. Harrison

Journal of Legal Education

No abstract provided.

Book Review Of The Economics Of Crime And Law Enforcement, Susan Rose-Ackerman

Journal of Legal Education

No abstract provided.

Limitations Of Monetary (And Fiscal) Policy In An Age Of Financial Instability, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Prepared for the Conference on Streams of Economic Thought, held in Trieste, Udine, Italy, 1-3 September, 1984. The main paper is the published work, the second paper here is the original with Minsky's extensive editorial rewritings.

Hungry Sharks: Japanese Economic Activity In Melanesia, 1960-1980, James A. Boutilier

Pacific Studies

No abstract provided.

An Everywhere Convergent Series Representation Of The Distribution Of Hotelling's Generalized T 2^0, Peter C.B. Phillips

Cowles Foundation Discussion Papers

A new series representation of the exact distribution of Hotelling’s generalized T 0 2 statistic is obtained. Unlike earlier work, the series representation given here is everywhere convergent. Explicit formulae are given for both the null and the noncentral distributions. Earlier results by Constantine [1], which are convergent on the interval [0,1), are also derived quite simply from our formulae.

Testing For Serial Correlation And Unit Roots Using A Computer Function Routine Based On Era's, Peter C.B. Phillips, Peter C. Reiss

Cowles Foundation Discussion Papers

This paper initiates a research program to provide computer function routines that can be used to deliver critical values or significance levels for statistical tests. These routines are easily integrated into existing econometric software and can be made available on a user call basis. The mathematical formulae underlying these approximants belong to the family of extended rational approximants (ERA’s) introduced in [15]. The first part of this paper extends the algebraic theory of ERA’s to distribution function approximation. Composite functional approximants are also developed to treat the parameter multidimensionally that is common in practical application. The second part of the …

An Everywhere Convergent Series Representation Of The Distribution Of Hotellings Generalized T 2^0, Peter C.B. Phillips

Cowles Foundation Discussion Papers

A new series representation of the exact distribution of Hotelling’s generalized T 0 2 statistic is found which is everywhere convergent. Earlier results by Constantine which are convergent on the interval [0,1) are also derived from the formulae given here. The new results are made possible by the use of a matrix operator calculus developed by the author.

The Exact Distribution Of The Wald Statistic, Peter C.B. Phillips

Cowles Foundation Discussion Papers

This paper derives the exact distribution of the Wald statistic for testing general linear restrictions on the coefficients in the multivariate linear model. This generalizes all previously known results including those for the standard F statistic in linear regression, for Hotelling’s T 2 test and for Hotelling’s generalized T 0 2 test. Conventional classical assumptions of normally distributed errors and nonrandom exogenous variables are employed.

Trends, Random Walks, And Tests Of The Permanent Income Hypothesis, N. Gregory Mankiw, Matthew D. Shapiro

Cowles Foundation Discussion Papers

Recent studies find that consumption is excessively sensitive to income. These studies assume that income is stationary around a deterministic trend. The data, however, do not reject the hypothesis that disposable income is a random walk with drift. If income is indeed a random walk, then the standard testing procedure is greatly biased toward finding excess sensitivity. Moreover, if income is borderline stationary, this procedure is also seriously biased.

Developments In The Financial System During The Third Quarter Of 1984, Central Bank Of Nigeria Cbn

Economic and Financial Review

This article highlights the developments in the financial system of Nigeria during the third quarter of 1984. It covers the monetary and credit developments, commercial banking and merchant banking developments in the country during the period under review.

Developments In World Commodity Markets With Respect To Nigeria's Agricultural Commodities During The Third Quarter Of 1984, Central Bank Of Nigeria Cbn

Economic and Financial Review

This is a report on the developments in Nigeria's agricultural commodities in the third quarter of 1984. It covers beverages, vegetable oil and oil seeds, natural rubber, grains and sugar etc. it also has a statistical presentation of data.

Foreign Exchange Flows Through The Central Bank During The Third Quarter Of 1984, Central Bank Of Nigeria Cbn

Economic and Financial Review

This is a report of the flow of foreign exchange in and out during the third quarter of 1984. Foreign exchange transactions during the third quarter of 1984 resulted in a net outflow of N114 .0 million in contrast to the net inflows of N289.4 million and N11.9 million recorded during the preceding quarter and the corresponding period of 1983, respectively.

Statistical Section (September 1984), Central Bank Of Nigeria Cbn

Economic and Financial Review

This is the statistical presentations of the developments in the Nigerian economy during the period under review.

Alienated Land And Independence In Melanesia, Peter Larmour

Pacific Studies

No abstract provided.

Terence E. Hays' Review Of Bruce Carrad, David A. M. Lea, And Kundapen K. Talyaga's Enga: Foundations For Development, Terence E. Hays

Pacific Studies

No abstract provided.

An Economist's Look At The 1984 Elections--And Beyond, Murray L. Weidenbaum

Murray Weidenbaum Publications

Depending on the winner of the 1984 presidential election, the author shows what the policies of a Reagan Administration or Mondale Administration would be regarding deficits, tax reform, regulation, antitrust laws, and protectionism.

Noncompliance Penatly Program Implement_08-31-1984, David Boldt, Brian Mcdonald

BBER Publications

The report examines the feasibility of implementing the federal Clean Air Act noncompliance penalty program in New Mexico. Prepared by David Boldt and M. Brian McDonald of the University of New Mexico Bureau of Business and Economic Research for the Institute for Applied Research Services, the report reviews federal regulations governing noncompliance penalties, explains the economic and financial rationale underlying the program, and evaluates the administrative, legal, and technical requirements necessary for state implementation. The study describes noncompliance penalties as administrative fees designed to eliminate the financial benefits that firms receive by delaying compliance with air quality regulations.

Noncompliance Penalty Program Implement_08-31-1984, David Boldt, Brian Mcdonald

BBER Publications

The report examines the feasibility of implementing the federal Clean Air Act noncompliance penalty program in New Mexico. Prepared by David Boldt and M. Brian McDonald of the University of New Mexico Bureau of Business and Economic Research for the Institute for Applied Research Services, the report reviews federal regulations governing noncompliance penalties, explains the economic and financial rationale underlying the program, and evaluates the administrative, legal, and technical requirements necessary for state implementation. The study describes noncompliance penalties as administrative fees designed to eliminate the financial benefits that firms receive by delaying compliance with air quality regulations.

Survey Of Purchasing Characteristics Of Lovington Households, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This household survey analyzes the local purchasing habits of Lovington, New Mexico residents to identify where and why they spend retail dollars outside the municipality. The empirical findings show that expanding local merchandise selection, product availability, and operating hours could capture substantial revenue leaking to larger adjacent commercial hubs like Hobbs and Lubbock.

The Way Out Of The Debt Crisis, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

The Philadelphia Inquirer, Wed. Aug. 1, 1984, p. 13-A, Op-ed Page.

The Many Approaches To The Study Of Monopolistic Competition, Martin Shubik

Cowles Foundation Discussion Papers

It is suggested here that there are many highly different purposes for the study and application of theories of oligopolistic competition, monopolistic competition, and allied topics. This paper sets the different purposes and questions in context, then makes criticisms and suggestions as to where to go from here.

Product Warranties And Double Moral Hazard, Russell Cooper, Thomas W. Ross

Cowles Foundation Discussion Papers

This paper explores a model of warranties in which moral hazard problems play a key role. The goal is to understand the important characteristics of warranties including their provision of incomplete insurance and the relationship between product quality and coverage. We analyze a model in which buyers and sellers take actions which affect a product’s performance. Since these actions are not cooperatively determined, an incentives problem arises. We characterize the optimal warranty contract and undertake comparative statics to determine the predicted correlation of warranty coverage and product quality.

Stock Prices And Social Dynamics, Robert J. Shiller

Cowles Foundation Discussion Papers

No abstract provided.

Stock Prices And Social Dynamics, Robert J. Shiller

Cowles Foundation Discussion Papers

The empirical evidence that is widely interpreted as supporting the efficient markets theory in finance actually does not rule out the possibility that changing fashions or fads among investors have an important influence on prices in financial markets. A model of the impact of such fashions on prices is proposed and used in an exploratory data analysis of the aggregate United States Stock Market in the 20th century.

I And First And Second Scenarios (A Sensitivity Analysis), Paul Bracken, Moshe Haviv, Martin Shubik, Ulrich Tulowitzki

Cowles Foundation Discussion Papers

No abstract provided.