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Articles 2731 - 2760 of 2930

Full-Text Articles in Social and Behavioral Sciences

A Model Of Fixed Capital Without Substitution, Robert M. Solow, James Tobin, Christian C. Von Weizsäcker, Menahem E. Yaari Aug 1965

A Model Of Fixed Capital Without Substitution, Robert M. Solow, James Tobin, Christian C. Von Weizsäcker, Menahem E. Yaari

Cowles Foundation Discussion Papers

No abstract provided.


Investment In Humans, Technological Diffusion And The Golden Rule Of Education, Edmond S. Phelps Aug 1965

Investment In Humans, Technological Diffusion And The Golden Rule Of Education, Edmond S. Phelps

Cowles Foundation Discussion Papers

No abstract provided.


A Dynamic Model Of The Competitive Firm, Edward Zabel Jul 1965

A Dynamic Model Of The Competitive Firm, Edward Zabel

Cowles Foundation Discussion Papers

No abstract provided.


A Model Of Induced Invention, Growth And Distribution, Emmanuel M. Drandakis, Edmond S. Phelps Jul 1965

A Model Of Induced Invention, Growth And Distribution, Emmanuel M. Drandakis, Edmond S. Phelps

Cowles Foundation Discussion Papers

No abstract provided.


Factor-Price-Frontier Estimation Of A ‘Vintage’ Production Model Of The Post-War U.S. Nonfarm Business Sector, Edmond S. Phelps, Charlotte Phelps May 1965

Factor-Price-Frontier Estimation Of A ‘Vintage’ Production Model Of The Post-War U.S. Nonfarm Business Sector, Edmond S. Phelps, Charlotte Phelps

Cowles Foundation Discussion Papers

No abstract provided.


The Relation Between Bank Portfolios And Earnings: An Econometric Analysis, Donald D. Hester, John F. Zoellner Apr 1965

The Relation Between Bank Portfolios And Earnings: An Econometric Analysis, Donald D. Hester, John F. Zoellner

Cowles Foundation Discussion Papers

No abstract provided.


Optimal Output And Price Policies For General Distributed Lag Demand Equations, Robert L. Graves, Lester G. Telser Mar 1965

Optimal Output And Price Policies For General Distributed Lag Demand Equations, Robert L. Graves, Lester G. Telser

Cowles Foundation Discussion Papers

No abstract provided.


A Time Series Analysis Of Interest Rates, David I. Fand Dec 1964

A Time Series Analysis Of Interest Rates, David I. Fand

Cowles Foundation Discussion Papers

No abstract provided.


Optimum Economic Growth In An Aggregative Model Of Capital Accumulation: A Turnpike Theorem, David Cass Nov 1964

Optimum Economic Growth In An Aggregative Model Of Capital Accumulation: A Turnpike Theorem, David Cass

Cowles Foundation Discussion Papers

Recent contributions to the theory of optimum economic growth, for example, in [1], [3], [8] or [10], like Ramsey’s seminal article [6], have been primarily concerned with the implications of maximizing the social welfare generated by the entire stream of future consumption. As an alternative formulation, in this paper it is postulated that only the social welfare associated with future consumption over some finite period is of direct concern; generations beyond the horizon are accounted for only insofar as a lower bound on the terminal capital stock is prescribed. Then, within a closed, aggregative framework, the behavior of growth paths …


A Parametric Simplicial Formulation Of Houthakker's Capacity Method, C. Van De Panne, Andrew B. Whinston Nov 1964

A Parametric Simplicial Formulation Of Houthakker's Capacity Method, C. Van De Panne, Andrew B. Whinston

Cowles Foundation Discussion Papers

The paper reformulates Houthakker’s capacity method for quadratic programming in the framework of the Simplex and dual methods for quadratic programming, thereby greatly reducing the conceptual and computational complexities of the method. It is shown that the method is applicable for all convex quadratic programming problems, including the case of a semi-definite matrix of the quadratic form and that of constraints in equality form. The method reduces in the linear programming case to a parametric version of the dual method.


A Business Game For Teaching And Research Purposes. Part Iii. Discussion And Manual For Users, Martin Shubik Nov 1964

A Business Game For Teaching And Research Purposes. Part Iii. Discussion And Manual For Users, Martin Shubik

Cowles Foundation Discussion Papers

No abstract provided.


Stock Market Indices: A Principal Components Analysis, George J. Feeney, Donald D. Hester Oct 1964

Stock Market Indices: A Principal Components Analysis, George J. Feeney, Donald D. Hester

Cowles Foundation Discussion Papers

This paper investigates a widely quoted stock market index, the Dow Jones Industrial Average (hereafter DJI), and constructs some alternative indices. Their performances are compared to the DJI. The question of applying the indices to problems of portfolio selection is explored when investors’ utility functions are quadratic in the rate of return. By constructing indices from data collected in different time periods, some conclusions are drawn about the constancy of price and rate of return covariance and correlation matrices of the 30 Dow Jones Industrial stocks over time.


Models Of Technical Progress And The Golden Rule Of Research, Edmond S. Phelps Oct 1964

Models Of Technical Progress And The Golden Rule Of Research, Edmond S. Phelps

Cowles Foundation Discussion Papers

The primary purpose of this paper is to present a model of technical progress and economic growth from which one can derive a Golden Rule of Research quite analogous to the Golden Rule of Accumulation. The secondary purpose is to discuss various models of technical progress. That there might exist a Golden Rule for research is not surprising since research is a kind of investment – investment in technology – just as “accumulation” denotes investment in tangible capital. Nevertheless “capital” and “technology” differ in important aspects. If, given the technology, the production of commodities is homogeneous of degree one in …


The Construction Of Utility Functions From Expenditure Data, S. N. Afriat Oct 1964

The Construction Of Utility Functions From Expenditure Data, S. N. Afriat

Cowles Foundation Discussion Papers

No abstract provided.


An Experimental Study In Oligopoly, James W. Friedman Sep 1964

An Experimental Study In Oligopoly, James W. Friedman

Cowles Foundation Discussion Papers

A very general model with which many theories of oligopolistic behavior might be tested would be a useful tool for economists. In the first part of this paper a model is proposed for this role. The model is not developed in the fullest degree of generality, but is presented in the way most relevant to experiments of the type presented in the second part of the paper. The experiments employ a simple market model in which each subject takes the role of a business firm, each firm has only one decision variable under its control (its own price) and the …


Second Essay On The Golden Rule Of Accumulation, Edmond S. Phelps Aug 1964

Second Essay On The Golden Rule Of Accumulation, Edmond S. Phelps

Cowles Foundation Discussion Papers

No abstract provided.


A Decomposition Algorithm For Quadratic Programming, Andrew B. Whinston Jun 1964

A Decomposition Algorithm For Quadratic Programming, Andrew B. Whinston

Cowles Foundation Discussion Papers

No abstract provided.


Convexity In The Theory Of Choice Under Risk, Menahem E. Yaari May 1964

Convexity In The Theory Of Choice Under Risk, Menahem E. Yaari

Cowles Foundation Discussion Papers

No abstract provided.


The Existence Of A Competitive Equilibrium In A Monetary Economy, Emmanuel M. Drandakis Apr 1964

The Existence Of A Competitive Equilibrium In A Monetary Economy, Emmanuel M. Drandakis

Cowles Foundation Discussion Papers

No abstract provided.


The Monetary Mechanism: Some Partial Relationships, James L. Pierce Apr 1964

The Monetary Mechanism: Some Partial Relationships, James L. Pierce

Cowles Foundation Discussion Papers

No abstract provided.


An Informal Aggregative Socio-Economic Simulation Of A Latin American Country, Part 1, James W. Friedman, Martin Shubik Apr 1964

An Informal Aggregative Socio-Economic Simulation Of A Latin American Country, Part 1, James W. Friedman, Martin Shubik

Cowles Foundation Discussion Papers

No abstract provided.


Ownership And The Production Function, Lloyd S. Shapley, Martin Shubik Mar 1964

Ownership And The Production Function, Lloyd S. Shapley, Martin Shubik

Cowles Foundation Discussion Papers

No abstract provided.


On Prices, Fiat Money, Credit And Transferable Utility. Part I, Martin Shubik Jan 1964

On Prices, Fiat Money, Credit And Transferable Utility. Part I, Martin Shubik

Cowles Foundation Discussion Papers

No abstract provided.


On The Concept Of Optimal Economic Growth, Tjalling C. Koopmans Dec 1963

On The Concept Of Optimal Economic Growth, Tjalling C. Koopmans

Cowles Foundation Discussion Papers

No abstract provided.


Appendix To ‘On The Concept Of Optimal Economic Growth', Tjalling C. Koopmans Dec 1963

Appendix To ‘On The Concept Of Optimal Economic Growth', Tjalling C. Koopmans

Cowles Foundation Discussion Papers

No abstract provided.


A Two-Country, Three Commodity, Dynamic Model Of International Trade, T. N. Srinivasan Dec 1963

A Two-Country, Three Commodity, Dynamic Model Of International Trade, T. N. Srinivasan

Cowles Foundation Discussion Papers

No abstract provided.


On An Asymptotic Non-Substitution Theorem In The Two-Sector Closed Production Model, Emmanuel M. Drandakis Dec 1963

On An Asymptotic Non-Substitution Theorem In The Two-Sector Closed Production Model, Emmanuel M. Drandakis

Cowles Foundation Discussion Papers

No abstract provided.


Conjugate Functions And Symmetric Duality, Andrew B. Whinston Nov 1963

Conjugate Functions And Symmetric Duality, Andrew B. Whinston

Cowles Foundation Discussion Papers

No abstract provided.


Two Papers Commerating Domar's “ ‘Burden Of The Debt’ And The National Income, Edmond S. Phelps, T. N. Srinivasan Sep 1963

Two Papers Commerating Domar's “ ‘Burden Of The Debt’ And The National Income, Edmond S. Phelps, T. N. Srinivasan

Cowles Foundation Discussion Papers

No abstract provided.


Anticipated Inflation And Economic Welfare In A Neoclassical Model, Edmond S. Phelps Sep 1963

Anticipated Inflation And Economic Welfare In A Neoclassical Model, Edmond S. Phelps

Cowles Foundation Discussion Papers

No abstract provided.