Social and Behavioral Sciences Commons^™

Population Required For A Store Or Service, Robert J. Antonides

Economics Commentator (1972- 2016)

No abstract provided.

Federal Funds In South Dakota, Robert J. Antonides

Economics Commentator (1972- 2016)

No abstract provided.

The Lure Of Buying On Credit, Robert J. Antonides

Economics Commentator (1972- 2016)

No abstract provided.

An Example Of A Multi-Object Auction Game, Richard Engelbrecht-Wiggans

Cowles Foundation Discussion Papers

Multi-object auctions are traditionally analyzed as if they were a number of simultaneous independent single object auctions. Such an approximation may be very crude if bidders have budget restrictions, capacity constraints, or, in general, have non-linear utility functions. This paper presents a very simple multi-object auction for which explicit equilibrium strategies can be calculated; these equilibrium strategies have several qualitative characteristics arising from the multi-object nature of the example and therefore not present in typical single object auctions.

A Model For The Distribution Of The Number Of Bidders In An Auction, Richard Engelbrecht-Wiggans

Cowles Foundation Discussion Papers

The distribution of the number of bidders in auctions with uncertain numbers is usually assumed to be Poisson. The observed distribution, for example in OCS Federal Offshore Oil Lease Sales, is apparently not Poisson. A simple model is presented showing that if the objects have different values and individuals tend to only bid on objects with high value, then the resulting distribution of the number of bidders will not be Poisson. The results of the model correspond closely to data observed in Federal Offshore Oil lease auctions and the model is simple enough so that it may be of practical …

Auctions And Bidding Models: A Survey, Richard Engelbrecht-Wiggans

Cowles Foundation Discussion Papers

Auctions and bidding models are attracting an ever increasing amount of attention. The Stark and Rothkopf (1977) bibliography includes approximately 500 papers on the subject; additional work has been reported since the bibliography was compiled. This paper presents a general framework for classifying and describing various auctions and bidding models, and surveys the major results of the literature in terms of this framework.

Comparison Of Public Choice Systems, Robert J. Weber

Cowles Foundation Discussion Papers

The area of social decision-making is one in which the disciplines of game theory, political science, and economics all meet. One of the simplest decisions to be faced is the election of one candidate from several. Various voting systems have been proposed for such elections. In order to compare these systems in terms of their tendency to elect a candidate representative of the voters’ preferences, a measure of “effectiveness” has been developed. The study of the effectiveness of voting systems is continued in this paper. In particular, two families of voting systems are found to contain three- and four-candidate systems …

Life-Cycle Costing: A Guide For Selecting Energy Conservation Projects For Public Buildings, Rosalie T. Ruegg, John S. Mcconnaughey, G. Thomas Sav, Kimberly A. Hockenbery

Economics Faculty Publications

Report issued by the Bureau of Standards discussing the energy conservation of public buildings. As stated in the introduction, "this report focuses on the establishment of a technically correct, practical, standardized approach for evaluating proposed energy conservation improvements in public buildings" (p. 2). This report includes tables, illustrations, and photographs.

Central Bank Opens Branches At Sokoto And Illorin, Central Bank Of Nigeria

Bullion

This article reports on the opening two new branches of Central Bank of Nigeria at Sokoto, Sokoto State and llorin, Kwara State on July 27th and September 14th 1978, respectively. The Bank earlier established a currency office in Sokoto in 1971 while the currency office in llorin was opened in May 1972. The two offices were opened to facilitate distribution of currency in the two states. Construction work on the two new Branches started in 1975. the two new branches that were opened will put the Bank in a better position to extend its services to the government and peoples …

Nigeria's Economic Outlook, B. U. Ekong

Bullion

The immediate post-war era brought into the Nigerian economy some of the most significant structural transformations ever imagined. From a position of dominant dependence on agriculture, the Nigerian economy swang over to that of dominant dependence on crude petroleum production for foreign exchange earnings, for government revenues and as the main source of incomes for investment, trade and general economic development. The article therefore reviews the post war policies covering 1973 to 1977. The paper further discusses Nigeria's economic outlook while focusing on fiscal outlook, exchange control measures, petroleum export, private sector investment, income policy, monetary and fiscal policy measures.

Evaluation Of Price Control And Price Intelligence Agency At Work, F. U. Ezeuduji

Bullion

This paper evaluates the effectiveness of price regulation in Nigeria and the role played by Price Intelligence Agency. it also provides some that a new body should be given the poranr and hecessary fund not only to study the price structure and price movements an the economy but also to study the supply and demand potentials in the economy with a view to forecasting the demand and supply position to be expected in the near future.

The Role Of Agriculture In The Nigerian Economy, A. O.G. Otiti

Bullion

Agriculture was the mainstay of the Nigerian economy before the so-called oil boom which has brought about a rapid decline in agricultural production, virtual stagnation in the rural economy, marked movement of population from the rural to urban centres and high cost of food items. The article examines some recent developments in the agricultural sector of the Nigerian economy. It also discusses some of the role of Central Bank of Nigeria in promoting agriculture through adequate funding.

Problems Of Branch Management, J. U. Ebhodaghe

Bullion

This an interview of the then Branch Controller of Kano branch, Mr. J. U. Ebodaghe. In the interview, Mr. Ebodaghe highlighted some of the problems of branch management and offers some suggestions on what to do in order to improve the operations of CBN branches.

Exchange Rate Fluctuations And The Dollar Problem, Ade T. Ojo

Bullion

The paper reviews briefly recent developments in the foreign exchange markets, with particular reference to the chronic problem facing the US Dollar. This is followed by an examination of the major issues involved in the crisis of confidence and measures that might be taken to tackle the recurrent dollar problem, in a way to bring about an orderly exchange rate adjustment and smooth functioning of the international Monetary System.

Bidding In Auctions With Multiplicative Lognormal Errors: An Example, Richard Engelbrecht-Wiggans

Cowles Foundation Discussion Papers

Auction models with lognormally-distributed multiplicative errors are used extensively in models of mineral lease sales. Equilibrium strategies are typically difficult to calculate; multiplicative strategies are often used as approximations. An example based on a federal offshore oil lease sale shows that multiplicative strategies may be quite far from being in equilibrium. However, under a special form of repetition, such strategies converge very rapidly to an equilibrium. The effects of any fixed costs, the reservation price, the number of bidders and the variance of the error are examined briefly for this example.

Auctions And Bidding Models: A Survey, Richard Engelbrecht-Wiggans

Cowles Foundation Discussion Papers

Auctions and bidding models are attracting an ever increasing amount of attention. The Stark and Rothkopf (1977) bibliography includes approximately 500 papers on the subject; additional work has been reported since the bibliography was compiled. This paper presents a general framework for classifying and describing various auctions and bidding models, and surveys the major results of the literature in terms of this framework.

Debt Neutrality: A Brief Review Of Doctrine And Evidence, Willem H. Buiter, James Tobin

Cowles Foundation Discussion Papers

No abstract provided.

A Model Of International Trade And Finance, Laurence Weiss

Cowles Foundation Discussion Papers

No abstract provided.

Another Approach To Regulatory Reform, Murray L. Weidenbaum

Murray Weidenbaum Publications

In a statement given to the Senate Committee on the Judiciary, Murray Weidenbaum gives his reasons why regulatory reform is needed and offers suggestions for sensible changes.

The Case For Tax Loopholes, Murray L. Weidenbaum

Murray Weidenbaum Publications

An examination of tax "loopholes" or expenditures shows that in some instances they can help in promoting business investment and economic growth. Middle- and lower-income groups also benefit from these loopholes.

New Mexico Labor Market Review 08-29-1978, New Mexico Department Of Human Services

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 1978.

What Does It Cost You To Borrow Money?, Robert J. Antonides

Economics Commentator (1972- 2016)

No abstract provided.

An Analysis Of The Accuracy Of Four Macroeconometric Models, Ray C. Fair

Cowles Foundation Discussion Papers

No abstract provided.

An Integrated Model Of Household Flow-Of-Funds Allocations, David Backus, Douglas D. Purvis

Cowles Foundation Discussion Papers

This paper extends the multivariate stock-adjustment model commonly used in empirical studies of portfolio behavior in order to analyze the complete set of flow allocation decisions made by households (including consumption, expenditures on durables and houses, and various financial aggregates). The model is then confronted with quarterly household sector data from the United States Flow of Funds Accounts for the period 1954 to 1975. Besides presenting OLS estimates, we test parameter restrictions suggested by our theoretical structure; the data supports the view that the explanatory power of the model is enhanced by allowing non-zero cross-effects on interest rates and lagged …

Priorities In Tax Policy, Testimony Before The U.S. Senate Committee On Finance, Murray L. Weidenbaum

Murray Weidenbaum Publications

This paper discusses the merits of alternatives to the current tax policy: closing "loopholes," reducing taxes for those with low incomes, adjusting the personal income tax structure, and increasing the stimulus for capital formation.

New Mexico Labor Market Review 07-28-1978, New Mexico Department Of Human Services

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 1978.

U.S. Efforts To Prevent Deep Slump Fan Inflation, Render Policy Helpless, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

“U.S. Efforts to Prevent Deep Slump Fan Inflation, Render Policy Helpless,” The Money Manager, (The Financial Weekly for Executives in Business and Finance. Published every Monday by The Bond Buyer. New York, NY), July 10, 1978, p. 5.

New Mexico Labor Market Review 07-05-1978, New Mexico Department Of Human Services

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 May 1978.

Ua77/1 Western Alumnus, Vol. 49, No. 4, Wku Alumni Association

WKU Administration Documents

Alumni magazine published by WKU. This issue has the following articles:

• Kerrick, Sara-Lois. Western's First Lady – Harriet Downing
• Bennett, Jo. Oral History, History on Tape
• Snodgrass, Jim. A Freshman Dabbles with Ethylene Gas and Has a Surprising Result – Steve Estok
• Bennett, Jo. Mark Twain Slept Here – Gene Rich
• Given, Ed. It's a Long Time to December – Gene Keady
• Gross, Jan. Shakertown, More Than a Memory
• Conway, Sheila. WKU Fine Arts Festival
• Armstrong, Don. Free Enterprise and Free People
• Highland, Jim. Joseph Cangemi in Venezuela, Latin American Connection
• Jack Corn Photographer
• Julian Carroll Addresses Graduates
• Regents Appoint …

The Economic Impact Of Western Kentucky University On The Bowling Green – Warren County Economy, Stephen Cooper

Masters Theses & Specialist Projects

The costs incurred by the community resulting from Western Kentucky University’s location – cost of educating children of university related personnel, cost of services provided by the local governments to the university community, and the lost property tax revenue resulting from the tax exemption of university property – were estimated as were the benefits enjoyed by the community as a result of the University’s location – local expenditures, local employment generated by the university’s presence, the university community’s impact on the local banking system’s credit base, and the occupational license tax receipts levied by the city on the university payroll. …