Economics Commons^™

Contributions Of Empirical Data To Legal Research, Julius G. Getman

Journal of Legal Education

No abstract provided.

Identification By Disaggregation, Matthew J. Cushing, Mary G. Mcgarvey

Department of Economics: Faculty Publications

Standard economic theory predicts that the actions of individual participants in competitive markets have negligible effects on market-determined aggregates. Applied researchers, and even some econometric textbooks, incorrectly infer from this that market prices can be modeled as econometrically exogenous with respect to the quantity demanded of an individual consumer. This faulty inference has even led some researchers (for example, Robert Engle, 1978; Nicholas Kiefer, 1984; Roger Waud, 1974) to employ an estimation strategy we call identification by disaggregation (IBD). This procedure attempts to circumvent the simultaneity problem in a macro regression by disaggregating the dependent variable and estimating the relationship …

The Evolution Of Financial Institutions And The Performance Of The Economy, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Originally presented at the Annual Meeting of the Association for Evolutionary Economics, New York, December 27-30, 1985. Printed in the Journal of Economic Issues, Vol. XX, No. 2, June, 1986.

Investigating The Economic Impact Of Increasing Agricultural Production In A Peri-Urban Environment, Ronald L. Marbeiter

Masters Theses

The intention of this study is to investigate the economic impact of increasing agricultural production in a peri-urban environment. The Rural Development Area Program (RDAP) in Swaziland is aimed at increasing rural income through improved agricultural practices. The mathematical technique of linear programming is applied to two distinct farmer categories, i.e., cattle owners and non-cattle owners, in order to ascertain information pertaining to the inability of expanding crop production in an area which offers higher renumeration in the urban sector.

Both farm categories have ample labor to expand agricultural production, but the non-cattle owners have limited access to land and …

Justice For The Poor: The Political Problem Of Poverties, Jasper Lesage

Pro Rege

No abstract provided.

The Case For Making Economic Forecasts: St. Offset And Annual Projections, Murray L. Weidenbaum

Murray Weidenbaum Publications

Murray Weidenbaum states that the public should not expect pinpoint accuracy in economic forecasting. But prevailing forecasts can be helpful in indicating the general direction and trends for the year ahead.

Statewide Cogeneration Systems_December 1985, New Mexico Energy Research And Development Institute

Historic Publications

STATEWIDE COGENERATION SYSTEMS FEASIBILITY STUDY

Reasons For And Implications Of Declining Farmland Prices, Larry Janssen

Economics Commentator (1972- 2016)

No abstract provided.

Coming 1986 Downturn Could Trigger Serious Recession, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

One of a series of columns Minsky wrote for the St. Louis Journalism Review. The ongoing column was titled, "“THE ECONOMY From The Not-So Ivory Tower."

Auction Theory, Paul R. Milgrom

Cowles Foundation Discussion Papers

This paper discusses two central questions: Why do auction institutions continue to be so popular after thousands of years? and What accounts for particular details, like the popularity of sealed bid and ascending-bid auctions?

Economic Prospects For 1986, Murray L. Weidenbaum

Murray Weidenbaum Publications

The economic forecast for 1986 is expected to show a much more modest growth than that of 1984 and 1985, mostly due to increases in imports, causing a reduction in domestic production.

The Role Of The Council Of Economic Advisers: Theory And Reality, Murray L. Weidenbaum

Murray Weidenbaum Publications

The function of the Council of Economic Advisers is to advise the President on economic policy with as much impartiality as possible. The CEA chairman is expected to help the public understand and in turn support the President's economic program.

South Dakota Farmland Market Trends-Another Year Of Declining Prices, Larry Janssen

Economics Commentator (1972- 2016)

No abstract provided.

Costs Of State Vehicle And Driver Licensing In Indiana: A Comparison With Other States, Marilyn K. Spencer, Robert S. Main

Scholarship and Professional Work - Business

Spencer and Main's contribution to Indiana Academy of the Social Sciences Proceedings, 1985.

Econ 204, Advanced Political Economy, Anwar Shaikh Phd

Archives of Anwar Shaikh

• Collection includes typed and handwritten lecture transcripts from Economics 204: Advanced Political Economy.

• Course taught by Professor Shaikh in Fall 1985.

On Finitely Repeated Games And Pseudo-Nash Equilibria, Chien-Fu Chou, John Geanakoplos

Cowles Foundation Discussion Papers

In this paper we propose a pseudo-Nash equilibrium for N -person games in which very simply we allow play in the last period to be arbitrary, but otherwise it must conform to the (perfect) Nash optimality criterion.

Walrasian Indeterminacy And Keynesian Macroeconomics, John Geanakoplos, Heracles M. Polemarchakis

Cowles Foundation Discussion Papers

Overlapping generations models with or without production or a portfolio demand for money display a fundamental indeterminacy. Expectations matter; and they are not, in the short run, constrained by the hypotheses of agent optimization, rational expectations, and market clearing. No short run policy analysis is possible without some explicit understanding of how agents expect the economy to respond to the policy. In this framework of perfect foresight and market clearing prices, it is possible to make Keynesian assumptions about the rigidity of money wages and the exogeneity of “animal spirits” of investors, to use the standard IS-LM apparatus, and to …

The Uses, Value And Limitation Of Game Theoretic Methods In Defense Analysis, Martin Shubik

Cowles Foundation Discussion Papers

The central contribution of game theory to defense analysis has been a language for the understanding of how to formulate and study strategic or cross-purposes optimization in situations involving two or more actors. It is suggested here in this discussion that two fundamentally different classes of application of game theory to problems in defense have emerged. The first is the application of two-person zero sum game theory to military, primarily tactical situations which for the purposes at hand can be reasonably well modeled in this manner. The second is the application of two or more person nonconstant sum game theory …

Goodwin Model, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Handwritten notes titled Goodwin model: cyclical growth

• Goodwin: A model of fluctuating growth (November 8, 1985)

• Notes on Goodwin's cyclical RAL model (July 30, 1987)

Imports And Unemployment: Dispelling The Myths, Murray L. Weidenbaum

Murray Weidenbaum Publications

This paper looks at the myths concerning how imports reduce employment and clarifies many of the misconceptions. Recommendations are made on how trade policy can help American business be more competitive.

A "Dutch Uncle" Talk On Foreign Trade, Murray L. Weidenbaum

Murray Weidenbaum Publications

This piece shows how trade protection causes more harm than good for the U.S. as well as other countries.

Comparative Statics And Local Indeterminacy In Olg Economies: An Application Of The Multiplicative Ergodic Theorem, John Geanakoplos, Donald J. Brown

Cowles Foundation Discussion Papers

This study is an effort to give a simple measure of the local size of the equilibrium set of OLG economies in which there may be more than one good and more than one consumer per period, and in which the generations may differ across time.

The Effect Of Market Power On The Fringe Benefit Share Of Labor Compensation, Brian Brush, Steven E. Crane

Economics Faculty Research and Publications

No abstract provided.

Economics Of Drying Grain, Richard C. Shane

Economics Commentator (1972- 2016)

No abstract provided.

Economics Of Grain Storage, Richard C. Shane

Economics Commentator (1972- 2016)

No abstract provided.

America Is Eating Its Seed Corn, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

One of the ongoing columns, "The ECONOMY from the Not-So Ivory Tower." Included here is the original paper and its title, "Reaganite Myopia and the Quality of Education."

Review Of The Great Depression, 1929-1938: Lessons For The 1980'S, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Review of Christian Saint-Etienne. The Great Depression, 1929-1938: Lessons for the 1980s. Stanford, Calif.: Hoover Institution Press, 1984. Appeared in Journal of Economic Literature, Vol. XXIII, Sept. 1985.

Motives For Migration And Land Pressure In Simbu Province, Papua New Guinea, G. T. Harris

Pacific Studies

No abstract provided.

The Rise And Fall Of The White Sugar Planter In Fiji 1880-1925, Bruce Knapman

Pacific Studies

No abstract provided.

Kay Saunders, Ed., Indentured Labour In The British Empire, 1834-1920 & Shula Marks And Peter Richardson, Eds., International Labour Migration: Historical Perspectives (Book Reviews), Ralph Shlomowitz

Pacific Studies

No abstract provided.