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Articles 3211 - 3240 of 3476

Full-Text Articles in Economics

The Distribution, When The Residuals Are Small, Of Statistics Testing Overidentifying Restrictions, Joseph B. Kadane Jun 1968

The Distribution, When The Residuals Are Small, Of Statistics Testing Overidentifying Restrictions, Joseph B. Kadane

Cowles Foundation Discussion Papers

In the estimation of simultaneous equation econometric models, overidentifying restrictions improve estimates of the remaining parameters. Natural test statistics for the hypothesis that an equation is overidentified have been developed by Anderson and Rubin and by Basmann. If the residuals are jointly normal, serially uncorrelated, and small, both the above overidentification test statistics have the Snedecor F distribution asymptotically as the variance of the residuals get small. This gives analytic confirmation of Monte Carlo results of Basmann. The results given apply to linear models in which predetermined variables can be exogenous or lagged endogenous.


Lags In Fiscal And Monetary Impacts On Investment In Producers’ Durable Equipment, Charles W. Bischoff Jun 1968

Lags In Fiscal And Monetary Impacts On Investment In Producers’ Durable Equipment, Charles W. Bischoff

Cowles Foundation Discussion Papers

No abstract provided.


A Note On A Simulated Stock Market, Martin Shubik Apr 1968

A Note On A Simulated Stock Market, Martin Shubik

Cowles Foundation Discussion Papers

No abstract provided.


Some Experimental Non-Constant-Sum Games Revisited. Perception Of Opponent's Payoffs. Part Iii, Martin Shubik, David H. Stern Mar 1968

Some Experimental Non-Constant-Sum Games Revisited. Perception Of Opponent's Payoffs. Part Iii, Martin Shubik, David H. Stern

Cowles Foundation Discussion Papers

No abstract provided.


The Effects Of Income, Wealth, And Capital Gains Taxation On Risk Taking, Joseph E. Stiglitz Mar 1968

The Effects Of Income, Wealth, And Capital Gains Taxation On Risk Taking, Joseph E. Stiglitz

Cowles Foundation Discussion Papers

No abstract provided.


An Experimental Research In Oligopoly, James W. Friedman Feb 1968

An Experimental Research In Oligopoly, James W. Friedman

Cowles Foundation Discussion Papers

No abstract provided.


Notes On Optimal Monetary Growth, James Tobin Feb 1968

Notes On Optimal Monetary Growth, James Tobin

Cowles Foundation Discussion Papers

No abstract provided.


Pitfalls In Financial Model-Building, William C. Brainard, James Tobin Feb 1968

Pitfalls In Financial Model-Building, William C. Brainard, James Tobin

Cowles Foundation Discussion Papers

No abstract provided.


Quiz Show Problems, Joseph B. Kadane Feb 1968

Quiz Show Problems, Joseph B. Kadane

Cowles Foundation Discussion Papers

No abstract provided.


A Re-Examination Of The Modigliani-Miller Theorem, Joseph E. Stiglitz Dec 1967

A Re-Examination Of The Modigliani-Miller Theorem, Joseph E. Stiglitz

Cowles Foundation Discussion Papers

No abstract provided.


A Note On Taxation, Increasing Returns Due To Set-Up Costs And Competitive Equilibrium, Martin Shubik Nov 1967

A Note On Taxation, Increasing Returns Due To Set-Up Costs And Competitive Equilibrium, Martin Shubik

Cowles Foundation Discussion Papers

No abstract provided.


Distribution Of Income And Wealth Among Individuals, Joseph E. Stiglitz Nov 1967

Distribution Of Income And Wealth Among Individuals, Joseph E. Stiglitz

Cowles Foundation Discussion Papers

No abstract provided.


Iterative Multi-Level Planning With Production Targets, Martin L. Weitzman Nov 1967

Iterative Multi-Level Planning With Production Targets, Martin L. Weitzman

Cowles Foundation Discussion Papers

No abstract provided.


Some Experimental Non-Constant-Sum Games Revisited. Part Ii, Martin Shubik, David H. Stern Nov 1967

Some Experimental Non-Constant-Sum Games Revisited. Part Ii, Martin Shubik, David H. Stern

Cowles Foundation Discussion Papers

No abstract provided.


The Optimal Life Of A Patent, William D. Nordhaus Nov 1967

The Optimal Life Of A Patent, William D. Nordhaus

Cowles Foundation Discussion Papers

One of the important peculiarities of information is that it is expensive to produce but cheap to reproduce. How does a price system react to this phenomenon? One reaction will be to avoid the production of information altogether. Alternatively, firms may decide to keep their information to themselves. In other cases the price system breaks down into imperfect competition. All three of these laissez-faire reactions are inefficient and it may be argued that it is desirable to impose social controls like a patent system or government control on the market for information. In the present paper we discuss some economic …


Some Experimental Non-Constant-Sum Games Revisited. Part I, Martin Shubik, David H. Stern Oct 1967

Some Experimental Non-Constant-Sum Games Revisited. Part I, Martin Shubik, David H. Stern

Cowles Foundation Discussion Papers

No abstract provided.


An Econometric Study Of Cotton Production And Trade Before 1860, Gavin Wright Sep 1967

An Econometric Study Of Cotton Production And Trade Before 1860, Gavin Wright

Cowles Foundation Discussion Papers

No abstract provided.


A Noncooperative View Of Oligopoly, James W. Friedman Aug 1967

A Noncooperative View Of Oligopoly, James W. Friedman

Cowles Foundation Discussion Papers

No abstract provided.


Cross-Section Analysis And Bank Dynamics, Donald D. Hester, James L. Pierce Jul 1967

Cross-Section Analysis And Bank Dynamics, Donald D. Hester, James L. Pierce

Cowles Foundation Discussion Papers

No abstract provided.


Maximizing Stationary Utility In A Constant Technology, Richard Beals, Tjalling C. Koopmans Jul 1967

Maximizing Stationary Utility In A Constant Technology, Richard Beals, Tjalling C. Koopmans

Cowles Foundation Discussion Papers

No abstract provided.


Welfare, Static And Dynamic Solution Concepts, Martin Shubik Jul 1967

Welfare, Static And Dynamic Solution Concepts, Martin Shubik

Cowles Foundation Discussion Papers

No abstract provided.


Price Strategy Oligopoly With Product Variation, Lloyd S. Shapley, Martin Shubik Jul 1967

Price Strategy Oligopoly With Product Variation, Lloyd S. Shapley, Martin Shubik

Cowles Foundation Discussion Papers

No abstract provided.


On The Computation Of Equilibrium Prices, Herbert E. Scarf Jul 1967

On The Computation Of Equilibrium Prices, Herbert E. Scarf

Cowles Foundation Discussion Papers

No abstract provided.


Spectral Analysis Of The Relation Between Employment Changes And Output Changes, 1958-1966, Daniel S. Hammermesh Jun 1967

Spectral Analysis Of The Relation Between Employment Changes And Output Changes, 1958-1966, Daniel S. Hammermesh

Cowles Foundation Discussion Papers

No abstract provided.


Part Vii: The Nonsymmetric Game: The Generalized Beat-The-Average Solution, Richard E. Levitan, Martin Shubik Jun 1967

Part Vii: The Nonsymmetric Game: The Generalized Beat-The-Average Solution, Richard E. Levitan, Martin Shubik

Cowles Foundation Discussion Papers

No abstract provided.


Intertemporal Distribution And ‘Optimal’ Aggregate Economic Growth, Tjalling C. Koopmans Jun 1967

Intertemporal Distribution And ‘Optimal’ Aggregate Economic Growth, Tjalling C. Koopmans

Cowles Foundation Discussion Papers

No abstract provided.


The Cournot Equilibrium In A Nonsymmetric Oligopolistic Market (A Business Game For Teaching And Research Purposes: Part Vi), Richard E. Levitan, Martin Shubik May 1967

The Cournot Equilibrium In A Nonsymmetric Oligopolistic Market (A Business Game For Teaching And Research Purposes: Part Vi), Richard E. Levitan, Martin Shubik

Cowles Foundation Discussion Papers

No abstract provided.


Part V: The Nonsymmetric Game: Joint Maximum, Efficient Solution And Measures Of Collusion And Welfare, Richard E. Levitan, Martin Shubik May 1967

Part V: The Nonsymmetric Game: Joint Maximum, Efficient Solution And Measures Of Collusion And Welfare, Richard E. Levitan, Martin Shubik

Cowles Foundation Discussion Papers

No abstract provided.


An Empirical Analysis Of The Postwar Savings And Loan Industry, John E. Spencer Mar 1967

An Empirical Analysis Of The Postwar Savings And Loan Industry, John E. Spencer

Cowles Foundation Discussion Papers

No abstract provided.


A Note On The Limit Of The Core Of An Exchange Economy, Terje Hansen Mar 1967

A Note On The Limit Of The Core Of An Exchange Economy, Terje Hansen

Cowles Foundation Discussion Papers

No abstract provided.