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Full-Text Articles in Social and Behavioral Sciences

On Allocative Distortions In Problems Of Self-Selection, Russell Cooper Sep 1982

On Allocative Distortions In Problems Of Self-Selection, Russell Cooper

Cowles Foundation Discussion Papers

This paper considers the general structure of self-selection models. By imposing conditions which permit the ordering of agents by their preferences, we provide a characterization of the distortions inherent in the sorting process. We also discuss extensions of the basic model such as randomization. Time Series Behavior of Prices for Overlapping Futures Contracts, with an Application to Soybean Futures

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The Structure Of Social Risk, William D. Nordhaus, Steven N. Durlauf Sep 1982

The Structure Of Social Risk, William D. Nordhaus, Steven N. Durlauf

Cowles Foundation Discussion Papers

It is increasingly recognized that the structure of financial risks interacts with economic or fundamental risks in a way that influence real economic outcomes. Recent work documents, on the one hand, the apparent excessive sensitivity of financial markets to economic shocks (see especially Shiller (1979)); and on the other hand the close dependence of investment and economic variables on financial variables. One of the central developments to analyze such interactions has been portfolio theory, particularly the capital asset pricing model (CAPM). This field has been extremely fertile, and has seen an outpouring of both theoretical and empirical work. Unfortunately, virtually …

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Pnm Service Areas Estimates Of Historica_Sep 1982, University Of New Mexico Bureau Of Business And Economic Research Sep 1982

Pnm Service Areas Estimates Of Historica_Sep 1982, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This report provides historical estimates and long-range projections of population, household size, employment, and real per capita income for major PNM service areas, including Albuquerque, Santa Fe, Belen, Gallup, San Miguel, and Luna County. Using demographic and economic forecasting models, the study develops high-, medium-, and low-growth scenarios to support utility planning and regional development analysis through 2002.

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New Mexico Labor Market Review 08-31-1982, New Mexico Employment Security Department Aug 1982

New Mexico Labor Market Review 08-31-1982, New Mexico Employment Security Department

Historic Publications

The New Mexico Labor Market Review is a monthly publication presenting statistical data and analysis on labor market conditions throughout New Mexico. Issues examine statewide and regional trends in employment, unemployment, labor force estimates, industry activity, wages, occupational demand, and related economic conditions, often accompanied by feature articles on topics affecting the state’s economy. This issue covers July 1982.

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On The Control Of The American Economy, Hyman P. Minsky Ph.D. Aug 1982

On The Control Of The American Economy, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Paper prepared for the “Conference on Theories of Accumulation and the Control of the Economy,” Villa Manin di Passariano, Udine, Italy

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1982 Energy Management System Results Projections Of Energy Supply, Demand, And Prices In New Mexico: 1985-2000, University Of New Mexico Bureau Of Business And Economic Research Aug 1982

1982 Energy Management System Results Projections Of Energy Supply, Demand, And Prices In New Mexico: 1985-2000, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This study forecasts energy production, consumption, pricing, and associated economic impacts in New Mexico through 2000 under a series of alternative energy market scenarios. The report examines oil, natural gas, electricity, coal, and uranium sectors and explores implications for state revenues, resource development, and economic activity.

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1982 Energy Management System Results Projections Of Energy Supply, Demand, And Prices In New Mexico: 1985-2000 (2), University Of New Mexico Bureau Of Business And Economic Research Aug 1982

1982 Energy Management System Results Projections Of Energy Supply, Demand, And Prices In New Mexico: 1985-2000 (2), University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This study forecasts energy production, consumption, pricing, and associated economic impacts in New Mexico through 2000 under a series of alternative energy market scenarios. The report examines oil, natural gas, electricity, coal, and uranium sectors and explores implications for state revenues, resource development, and economic activity.

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The Abc's Of Proposed Constitutional Changes, Galen Kelsey Aug 1982

The Abc's Of Proposed Constitutional Changes, Galen Kelsey

Economics Commentator (1972- 2016)

No abstract provided.

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Energy-Efficient Clothing, Interior Architecture And Furnishing Designs: Consumer Attitudes, Acceptability Levels And Preferences, Barbara Parks Aug 1982

Energy-Efficient Clothing, Interior Architecture And Furnishing Designs: Consumer Attitudes, Acceptability Levels And Preferences, Barbara Parks

Home Economics and Family Living Theses

Energy-efficient designs in clothing, interior architecture and furnishings were evaluated (a) to assess consumers’ attitudes toward the designs, (b) to compare acceptability levels of participants who were knowledgeable in the home energy field with those who were less knowledgeable and (c) to determine if consumers had a preference for using housing, clothing or furnishings in meeting their thermal comfort needs. Four designs generated by the University of Tennessee-Energy Design competition were evaluated: a leisure outfit, a lounging dress, a water-storage collector (room divider and coffee tables) and a solar waterbed. Rogers and Shoemaker’s perceived attributes of innovations model (relative advantage, …

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On The Disaggregation Of Excess Demand Functions, John Geanakoplos, Heracles M. Polemarchakis Aug 1982

On The Disaggregation Of Excess Demand Functions, John Geanakoplos, Heracles M. Polemarchakis

Cowles Foundation Discussion Papers

No abstract provided.

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Core And Competitive Equilibria With Indivisibilities, Martine Quinzii Aug 1982

Core And Competitive Equilibria With Indivisibilities, Martine Quinzii

Cowles Foundation Discussion Papers

No abstract provided.

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Utility Functions For Debreu's ‘Excess Demands', John Geanakoplos Aug 1982

Utility Functions For Debreu's ‘Excess Demands', John Geanakoplos

Cowles Foundation Discussion Papers

No abstract provided.

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Era's: A New Approach To Small Sample Theory, Peter C.B. Phillips Aug 1982

Era's: A New Approach To Small Sample Theory, Peter C.B. Phillips

Cowles Foundation Discussion Papers

This article proposes a new approach to small sample theory that achieves a meaningful integration of earlier directions of research in this field. The approach centers on the constructive technique of approximating distributions developed recently by the author in [10]. This technique utilizes extended rational approximants (ERA’s) which methods (such as those based on asymptotic expansions) and which simultaneously blend information from diverse analytic, numerical and experimental sources. The first part of the article explores the general theory of approximation of continuous probability distributions by means of ERA’s. Existence, characterization, error bound and uniqueness for the convergence result obtained earlier …

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Report On The Proposed Changes In New _07-30-1982, Albert M. Church Jul 1982

Report On The Proposed Changes In New _07-30-1982, Albert M. Church

BBER Publications

The report evaluates the economic impact of proposed amendments to Section 103 of New Mexico’s Water Supply Regulations governing the approval of construction and modification of public water supply systems. Prepared by Albert M. Church of the University of New Mexico Bureau of Business and Economic Research for the New Mexico Environmental Improvement Division, the study examines how expanding regulatory review requirements would affect public water systems, professional engineers, and state regulatory agencies.

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New Mexico Labor Market Review 07-30-1982, New Mexico Employment Security Department Jul 1982

New Mexico Labor Market Review 07-30-1982, New Mexico Employment Security Department

Historic Publications

The New Mexico Labor Market Review is a monthly publication presenting statistical data and analysis on labor market conditions throughout New Mexico. Issues examine statewide and regional trends in employment, unemployment, labor force estimates, industry activity, wages, occupational demand, and related economic conditions, often accompanied by feature articles on topics affecting the state’s economy. This issue covers June 1982.

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Can "It" Happen Again? A Reprise, Hyman P. Minsky Ph.D. Jul 1982

Can "It" Happen Again? A Reprise, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

No abstract provided.

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Economic Evaluation Of Solar Energy Systems In Commercial Buildings: Methodology And Case Studies, Rosalie T. Ruegg, G. Thomas Sav, Jeanne W. Powell, E. Thomas Pierce Jul 1982

Economic Evaluation Of Solar Energy Systems In Commercial Buildings: Methodology And Case Studies, Rosalie T. Ruegg, G. Thomas Sav, Jeanne W. Powell, E. Thomas Pierce

Economics Faculty Publications

This report develops a comprehensive economic optimization model for evaluating the economic feasibility of active solar energy systems to provide service hot water and combined space heating/service hot water in commercial buildings. The model is demonstrated in a number of case studies for office buildings and retail stores. Data and assumptions for use in the model are compiled for the selected case studies. Using these data, the model is applied to estimate present value net savings (or net losses) of the solar energy systems over a 20-year life cycle. Break-even values for hot water loads, solar energy system costs, and …

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Information Processing And Jury Decision Making, Alvin K. Klevorick, Michael Rothschild, Christopher Winship Jul 1982

Information Processing And Jury Decision Making, Alvin K. Klevorick, Michael Rothschild, Christopher Winship

Cowles Foundation Discussion Papers

No abstract provided.

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The Distribution Of Matrix Quotients, Peter C.B. Phillips Jul 1982

The Distribution Of Matrix Quotients, Peter C.B. Phillips

Cowles Foundation Discussion Papers

Cramér’s inversion formula for the distribution of a quotient is generalized to matrix variates and applied to give an alternative derivation of the matrix t-distribution.

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We Can't Disagree Forever, John Geanakoplos, Heracles M. Polemarchakis Jul 1982

We Can't Disagree Forever, John Geanakoplos, Heracles M. Polemarchakis

Cowles Foundation Discussion Papers

Under the assumption of common priors, if the information partitions of two agents are finite, then simply by communicating back and forth and revising their posteriors the two agents will converge to a common equilibrium posterior, even though they may base their posteriors on quite different information. Furthermore, given any integer, n, one can construct an example in which the revision process not only takes n steps to converge, but no evident revision occurs — for (n – 1) steps both agents repeat the same conflicting posteriors — until the last step when the two agents decide to agree. Common …

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Failure Of The Alternation Theorem In Rational Approximation Over C_0 (-Infinity,Infinity), Peter C.B. Phillips Jul 1982

Failure Of The Alternation Theorem In Rational Approximation Over C_0 (-Infinity,Infinity), Peter C.B. Phillips

Cowles Foundation Discussion Papers

No abstract provided.

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Corporatism Within The Egyptian Context, Nahed Dajani Jul 1982

Corporatism Within The Egyptian Context, Nahed Dajani

Archived Theses and Dissertations

No abstract provided.

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Basic Needs, Inflation, And The Poor Of Egypt, 1970-1980, Myrette Ahmed El-Sokkari Jul 1982

Basic Needs, Inflation, And The Poor Of Egypt, 1970-1980, Myrette Ahmed El-Sokkari

Archived Theses and Dissertations

No abstract provided.

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On Implicit Contracts And Involuntary Unemployment, John Geanakoplos, Takatoshi Ito Jul 1982

On Implicit Contracts And Involuntary Unemployment, John Geanakoplos, Takatoshi Ito

Cowles Foundation Discussion Papers

We show that a firm can increase expected profits by undertaking the additional expense of paying unemployment compensation to the workers it lays off, if they are risk averse. When this argument is applied to the implicit contract models it makes the involuntary unemployment derived there disappear, where by involuntary unemployment we mean a situation in which one worker has a job at a wage w and another worker who is known to be productively identical and willing to take on the job at a lower wage h cannot find a job. We introduce into our model asymmetric information between …

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Don't Bet On It, John Geanakoplos, James K. Sebenius Jul 1982

Don't Bet On It, John Geanakoplos, James K. Sebenius

Cowles Foundation Discussion Papers

If two people have different probability assessments about the realization of an uncertain event, they can design a contingent agreement such as a bet or gamble that offers each of them positive expected value. Yet, in the process of formulating this kind of agreement, information about the basis for each person’s probabilities may be indirectly revealed to the other. The very willingness to accept a proposed bet conveys information. This paper models a process by which private, asymmetrically-held information is progressively unveiled as a possible contingent agreement is discussed. If the two parties share priors and their information partitions are …

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Vertical Linkages And Multinational Enterprises In Developing Countries, Linda Y. C. Lim, Eng Fong Pang Jul 1982

Vertical Linkages And Multinational Enterprises In Developing Countries, Linda Y. C. Lim, Eng Fong Pang

Research Collection Lee Kong Chian School Of Business

Many studies have concluded that multinational firms do not create significant technical and other vertical linkages in developing host countries. This case study of three multinational firms in the export-oriented electronics industry in Singapore shows that under certain conditions multinational firms can lead in creating local vertical linkages. It suggests that restrictive government policies to increase local purchases may not be necessary, effective or desirable in promoting local linkages by export-oriented multinational firms that respond primarily to international market conditions. The Singapore experience poinst to the importance of a healthy investment climate and rapid economic growth in encouraging multinational firms …

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Missing Factors In Pakistan's Development, Ishrat Husain Dr Jun 1982

Missing Factors In Pakistan's Development, Ishrat Husain Dr

Faculty Research - Newspaper and Magazine Articles

Pakistan's development record over the last two decades is mixed in many respects, but at least avidence is conclusive and overwhelming that Pakistanis do respond positively to economic incentives.

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Population Projections Pnm Service Areas_06-11-1982, University Of New Mexico Bureau Of Business And Economic Research Jun 1982

Population Projections Pnm Service Areas_06-11-1982, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This report updates population, employment, income, and household-size projections for selected Public Service Company of New Mexico (PNM) service areas, including Albuquerque, Santa Fe, Belen, Gallup, Deming, Las Vegas, and Bernalillo County. Based on revised Census, Employment Security Department, Bureau of Economic Analysis, and University of New Mexico forecasting data, the study provides high-, medium-, and low-growth scenarios through 2001 for utility and infrastructure planning purposes.

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Ua68/2 Intercambio Internacional, Vol. Vii, No. 2, Wku Latin American Studies Jun 1982

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

WKU Administration Documents

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.

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What Influences Rural Manufacturing And Processing Development In South Dakota?, Thomas L. Dobbs Jun 1982

What Influences Rural Manufacturing And Processing Development In South Dakota?, Thomas L. Dobbs

Economics Commentator (1972- 2016)

No abstract provided.

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