Social and Behavioral Sciences Commons^™

Signs Of Faith, February 1988

Signs of Faith

A newsletter published for Deaf Catholics in Paterson, NJ

Signs of Faith Finding Aid

Chapter 50 Newsletter, February-March-April 1988

Chapter 50 Newsletter

A newsletter published for Deaf Catholics in Bridgeport, CT

Chapter 50 Newsletter Finding Aid

Ua51/1/4 Libraries Update Vol. 1, No. 4, Wku Libraries

WKU Administration Documents

Newsletter created by WKU Libraries as a communication device to relay information to faculty and staff in the Division of Library Services regarding the Kentucky Museum, Helm-Cravens, the Science Library, the Kentucky Library, the Law Library and the Educational Resources Center.

Desert Pilgrimage Newsletter, February 1, 1988

Desert Pilgrimage Newsletter

A newsletter published for Deaf Catholics in Phoenix, AZ

Desert Pilgrimage Newsletter Finding Aid

Wpa News 19 (1988), World Pheasant Association

Galliformes Specialist Group and Affiliated Societies: Newsletters

WPA News (February 1988), number 19

Published by the World Pheasant Association

The Deaf Catholic, February 1988

ICDA The Deaf Catholic

A newsletter published for Deaf Catholics in USA

ICDA The Deaf CatholicFinding Aid

[Review Of] The Oral Report, Robert A. Aken

Library Faculty and Staff Publications

No abstract provided.

Increases In Risk Aversion And Portfolio Choice In A Complete Market, Philip H. Dybvig

Cowles Foundation Discussion Papers

This note examines the effect of changes in risk aversion on the optimal portfolio choice in a complete market. It is shown that an agent who is less risk averse in the Pratt (1964) sense than another will choose a portfolio whose payoff is distributed as the other’s payoff plus a nonnegative random variable plus conditional-mean-zero noise. The proof of the result uses simple first order conditions and basic results from stochastic dominance.

Stock Prices, Earnings And Expected Dividends, John Y. Campbell, Robert J. Shiller

Cowles Foundation Discussion Papers

This paper presents estimates indicating that, for aggregate U.S. stock market data 1871-1986, a long historical average of real earnings is a good predictor of the present value of future real dividends. This is true even when the information contained in stock prices is taken into account. We estimate that for each year the optimal forecast of the present value of future real dividends is roughly a weighted average of moving average earnings and current real price, with between 2/3 and 3/4 of the weight on the earnings measure. This means that simple present value models of stock market prices …

Nonnegative Wealth, Absence Of Arbitrage, And Feasible Consumption Plans, Philip H. Dybvig, Chi-Fu Huang

Cowles Foundation Discussion Papers

A restriction to nonnegative wealth is sufficient to preclude all arbitrage opportunities in financial models that have risk neutral probabilities that are valid for all simple strategies. Imposing nonnegative wealth does not constrain agents from making the choice they would make under the standard integrability condition. This conclusion does not depend on whether the markets are complete.

A Centered Projective Algorithm For Linear Programming, Michael J. Todd, Yinyu Ye

Cowles Foundation Discussion Papers

We describe a projective algorithm for linear programming that shares features with Karmarkar’s projective algorithm and its variants and with the path-following methods of Gonzaga, Kojima-Mizuno-Yoshise, Monteiro-Adler, Renegar, Vaidya and Ye. It operates in a primal-dual setting, stays close to the central trajectories, and converges in O ( /n x L ) iterations like the latter methods. (Here n is the number of variables and L the input size of the problem). However, it is motivated by seeking reductions in a suitable potential function as in projective algorithms, and the approximate centering is an automatic byproduct of our choice of …

Appropriating The Returns From Industrial R&D, Richard C. Levin, Alvin K. Klevorick, Richard R. Nelson, Sidney G. Winter

Cowles Foundation Discussion Papers

In this paper, we describe the results of an inquiry into the nature of appropriability conditions in over one hundred manufacturing industries, and we discuss how this information has been and might be used to cast light on important issues in the economics of innovation and public policy. Our data, derived from a survey of high-level R&D executives, are informed opinions about the nature of an industry’s technological and economic environment rather than quantitative measures of inputs and outputs.

Generic Inefficiency Of Stock Market Equilibrium When Markets Are Incomplete, John Geanakoplos, Michael Magill, Martine Quinzii, Jacques Dréze

Cowles Foundation Discussion Papers

A stock market is a mechanism by which the ownership and control of firms is determined through the trading of securities. It is on this market that many of the major risks faced by society are shared through the exchange of securities and the production decisions that influence the present and future supply of resources are determined. If the overall structure of markets is incomplete can the stock market be expected to perform its role of exchanging risks and allocating investment efficiently? It is this question that we seek to answer.

Common Knowledge Of Summary Statistics, Adam Brandenburger, John Geanakoplos

Cowles Foundation Discussion Papers

Consider a group of people who are asked to offer their opinions on some issue. “Business confidence” surveys are an example: groups of businessmen are often asked for their predictions of economic indicators such as growth or inflation rates. Each member of the group makes a prediction based on his or her private information, and the average prediction is then publicly announced. If the members of the group are then allowed to revise their opinions, based on whatever information they glean from the public announcement, is there any tendency for the opinions in the group to converge on a common, …

Distributions, Peter C.B. Phillips

Cowles Foundation Discussion Papers

Formulae are derived for the characteristic function of the inverted Dirichlet distribution and hence the multivariate F . The analysis involves a new function with multiple arguments that extends the confluent hypergeometric function of the second kind. This function and its properties are studied in the paper and a simple integral representation is given which is useful for numerical work. A special case connected with the multivariate t distribution is also explored.

Optimal Inference In Cointegrated Systems, Peter C.B. Phillips

Cowles Foundation Discussion Papers

This paper studies the properties of maximum likelihood estimates of co-integrated systems. Alternative formulations of such models are considered including a new triangular system error correction mechanism. It is shown that full system maximum likelihood brings the problem of inference within the family that is covered by the locally asymptotically mixed normal asymptotic theory provided that all unit roots in the system have been eliminated by specification and data transformation. This result has far reaching consequences. It means that cointegrating coefficient estimates are symmetrically distributed and median unbiased asymptotically, that an optimal asymptotic theory of inference applies and that hypothesis …

Grand Valley Forum, Volume 012, Number 23, February 1, 1988, Grand Valley State University

1987-1988, Volume 12

Grand Valley Forum is Grand Valley State's faculty and staff newsletter, published from 1976 to the present.

The Gilmorean, February 1988

Gilmorean, The

A newsletter published for Deaf Catholics in Buffalo, NY

The Gilmorean Finding Aid

St. Dominic Deaf Center, February 1988

Saint Dominic Deaf Center

A newsletter published for Deaf Catholics in Houston, TX

Saint Dominic Deaf Center Finding Aid

The Bulletin, February 1988

Bulletin, The

A newsletter published for Deaf Catholics in Green Bay, WI

The Bulletin Finding Aid

Cajun News From The Lafayette Catholic Deaf Center, February 1988

Cajun News from the Lafayette Catholic Deaf Center

A newsletter published for Deaf Catholics in Lafayette, LA

Cajun News from the Lafayette Catholic Deaf Center Finding Aid

Deafening News, February 1988

Deafening News

A newsletter published for Deaf Catholics in Lubbock, YX

Deafening News Finding Aid

The Desales Society News, February 1988

DeSales Society News, The

A newsletter published for Deaf Catholics in Landsdale, PA

The DeSales Society News Finding Aid

Pvn-Lot-010-C-002, Julie Miller

Four Valleys Archive

No abstract provided.

Pvn-Lot-010-C-001, Julie Miller

Four Valleys Archive

No abstract provided.

Nonpublication In The United States District Courts: Official Criteria Versus Inferences From Appellate Review, Donald R. Songer

Faculty Publications

No abstract provided.

Have Gubernatorial Elections Become More Distinctive Contests?, Mark E. Tompkins

Faculty Publications

Gubernatorial and presidential elections over the period 1947—1986 are examined, using a previously reported process for decomposing partisan electoral outcomes series into their longterm and short-term components. These measures are employed to examine the proposition that gubernatorial elections have become increasingly isolated from outside forces. It is found that presidential coattails appear to be declining in importance (but not only because a number of states have moved to off-year elections). Gubernatorial elections have converged around a national pattern of relatively close competition, unlike state-level presidential contests, which have shifted in favor of Republican candidates. The pattern of gubernatorial outcomes varies …

Evaluation Of Vertical Equity In Residential Property Assessments In The Lake Oswego And West Linn Areas, James G. Strathman, Dirce Toulan

Center for Urban Studies Publications and Reports

This report presents a statistical evaluation of vertical equity in the pattern of residential property assessments in the Lake Oswego, West Linn and nearby unincorporated areas based on an application of the Paglin-Fogarty method to a sample of recent sales. A vertically regressive pattern of inequity in assessments, which is characterized by systemmatic under-assessment of higher-valued properties and overassessment of lower-valued properties, was found. Based on the entire sample, it was estimated that a typical $75,000 property was overassessed by about $4,700, and a typical $175,000 property was underassessed by $8,800.

Portland State University's Impact On The Portland Smsa Economy, James G. Strathman

Center for Urban Studies Publications and Reports

Portland State University's contribution to the metropolitan Portland economy is both diverse and considerable. A 1982 study estimated that the expenditures made by the University, its faculty and staff, and its full-time students generated over $150 million in gross output in the region. Given the changes that have taken place over the past five years, a re-examination of the University's economic impacts is warranted. This report examines Portland State University's contribution to metropolitan economic activity based on data from the 1985-86 academic year.

The approach taken in this report differs in several respects from the 1982 study. In addition to …

Nebraska Department Of Labor Es-202 Estimates Quality Study, Center For Public Affairs Research (Cpar)

Publications

The Employment and Wages (ES-202) Report is the only source of employment and total wages data available in complete industry detail, and forms the basis for several important federal, state, and local economic indicators. The quality of the data, therefore, is of major importance.