Economics Commons^™

A Market Value Approach To Approximate Equilibria, Robert M. Anderson

Cowles Foundation Discussion Papers

We consider the market value of excess demand as a measure of disequilibrium. We show that, in a fixed exchange economy, there exist approximate equilibria whose measures of disequilibrium depend only on the endowments and not on the preferences. A related bound on the norm of excess demand, depending on the endowments and the approximate equilibrium price, is also obtained. We show the existence of allocations which are nearly competitive, as measured by the largest proportion of demand given up at the allocation by any trader. We use these results to obtain, for very general sequences of exchange economies, allocations …

Toward A Fiscal Policy That Allows For Collective Wants, Lee Christie

Honors Projects

As economic development progressed and the role of government grew, economic analysis of the public sector became a major part of economic theory.

The Adequacy Of Savings, Laurence Kotlikoff, Avia Spivak, Lawrence H. Summers

Cowles Foundation Discussion Papers

No abstract provided.

National Savings, Economic Welfare, And The Structure Of Taxation, Alan J. Auerbach, Laurence Kotlikoff

Cowles Foundation Discussion Papers

No abstract provided.

On The Consistency Of Non-Linear Fiml, John J. Beggs

Cowles Foundation Discussion Papers

No abstract provided.

Person Game, Ludo Van Der Heyden

Cowles Foundation Discussion Papers

No abstract provided.

Additively Decompable Quasiconvex Functions, Gerard Debreu, Tjalling C. Koopmans

Cowles Foundation Discussion Papers

No abstract provided.

Housing Market With Indivisibility, Mamoru Kaneko

Cowles Foundation Discussion Papers

In this paper we present a model of rental housing market in which houses are treated as indivisible commodities. We provide a recursive equation which determines a competitive equilibrium and argue that we can regard the competitive equilibrium as a representative of the set of all competitive equilibria. Using this representative equilibrium, we provide several propositions on comparative statics, that is, we consider how the competitive rents change when certain parameters of the model change.

A Study Of Four Year State University Related Foundations, Timothy Arthur Reilley

Dissertations

The Purpose. The purpose of this study was to define the organizational and operational structures of four year state university related foundations. An additional purpose was to compile a listing of all four year state university related foundations in the United States.

Methodology. Data were obtained through the use of a questionnaire mailed to all four year state universities in the United States. The questionnaire was divided into two parts. Part one included a series of three demographic questions which identified the respondent at a certain level in each of three categories, number of students, kinds of degrees and number …

Public Policy And The Business Firm: Proceedings Of A Conference, Murray L. Weidenbaum

Murray Weidenbaum Publications

Murray Weidenbaum shows the impacts of expanding regulation on business firms.

Finance And Profits: The Changing Nature Of American Business Cycles, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Paper submitted by Minsky and included in the Compendium of Papers submitted to the Joint Economic Committee, Congress of the United States, "The Business Cycle and Public Policy, 1929-1980."

New Mexico Labor Market Review 11-28-1980, New Mexico Employment Security Department

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 October 1980.

Farm Structure And Agricultural Policy, Wallace G. Aanderud

Economics Commentator (1972- 2016)

No abstract provided.

Farm Food And Agricultural Policy Issues And South Dakota's Economy, John E. Thompson

Economics Commentator (1972- 2016)

No abstract provided.

‘Finance And Profits: The Changing Nature Of American Business Cycles, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Chapter V. Monetary Management and Institutions. "Finance and Profits: The Changing Nature of American Business Cycles," pp. 209-244, The Business Cycle and Public Policy, 1929-80: A Compendium of Papers Submitted to the Joint Economic Committee (JEC) Congress of the United States. Nov. 28, 1980. 96th Congress, 2nd Session. Joint Committee Print. Washington, DC: USGPO, 1980.

A Necessary And Sufficient Condition For The Nonemptiness Of The Cores Of Partitioning Games, Mamoru Kaneko

Cowles Foundation Discussion Papers

Let N be a finite set of players and let ρ be a class of coalitions of N. We consider games with and without sidepayments such that only the coalitions in pi play essential roles but not the others. For an arbitrary ρ, we get the class of all such games. The purpose of this note is to provide a necessary and sufficient condition with respect to pi for the nonemptiness of the cores of all games in the class.

The Uncertain Recovery In 1981: The Carter Legacy And The Reagan Opportunity, Murray L. Weidenbaum

Murray Weidenbaum Publications

Murray Weidenbaum examines the economic prospects for 1981 and what issues the Reagan Administration will be facing in its first year.

Costs Of Regulation And Benefits Of Reform, Murray L. Weidenbaum

Murray Weidenbaum Publications

This article describes many of the direct and indirect costs of government regulation.

New Mexico Labor Market Review 10-30-1980, New Mexico Employment Security Department

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 September 1980.

Analysis Of September 11, 1980 Supply And Demand Report For Wheat, Feed Grains And Oil Seeds, Arthur B. Sogn

Economics Commentator (1972- 2016)

No abstract provided.

Emergence Of Capitalism, Anwar Shaikh Phd, David M. Gordon Phd

Archives of Anwar Shaikh

• Collection contains class notes for Economics 112: The Emergence of Capitalism.

• Majority of material dates from Fall 1980, with additional notes from Fall 1979 and Fall 1977 sessions.

• Includes final exam questions for the course.

• Contains suggested reading lists.

1980 Eatwell Eco 200, Anwar Shaikh Phd

Archives of Anwar Shaikh

Typed lecture notes from Econ 200: Economic Analysis I, Lectures 1–14.

“Money, Financial Markets, And The Coherence Of A Market Economy, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Journal of Post Keynesian Economics, Vol. III, No. 1, Fall 1980.

Spencer's Tragedy, Arthur M. Diamond Jr.

Economics Faculty Publications

At Dinner with Huxley, Spencer mentioned that he had once written a tragedy. Huxley immediately replied that he knew what the plot must be: a beautiful theory gets murdered by a nasty fact. Spencer himself delighted in retelling Huxley’s barb, displaying thereby both his good humor and self-awareness. What he was probably not aware of was that he actually did write a tragedy with Huxley’s plot. In The Principles of Ethics the beautiful theory is that an individual’s conduct is to be judged by how well it furthers the individual’s survival. The nasty fact is that much conduct that furthers …

F. A. Hayek On Constructivism And Ethics, Arthur M. Diamond Jr.

Economics Faculty Publications

Long before receiving his Nobel Prize, Friedrich von Hayek was well respected in the academic community. John Maynard Keynes had glowing praise for Hayek's 1944 The Road to Serfdom. Milton Friedman and Paul Samuelson, antagonists on many issues, agree that Hayek's 1945 "The Use of Knowledge in Society" was a major contribution to political-economic thought. These early works by Hayek led a writer for the Nation to express what must have been the view of a great many, that "because [Hayek] is among the most thoughtful and consistent supporters of a market economy. . . those who disagree with him …

The Central Assignment Game And The Assignment Markets, Mamoru Kaneko

Cowles Foundation Discussion Papers

Initially we prove the nonemptiness of the core of an n-person game without side payments called a central assignment game. Next, we provide a market model with indivisible goods but without the transferable utility assumption. Applying the first result to the market model, we prove the nonemptiness of the core and the existence of a competitive equilibrium. Finally, we provide a generalization of the market model and also show the nonemptiness of the core and the existence of a competitive equilibrium using the results in the previous model.

Solution And Maximum Likelihood Estimation Of Dynamic Nonlinear Rational Expectations Models, Ray C. Fair, John B. Taylor

Cowles Foundation Discussion Papers

No abstract provided.

Thinking About Carbon Dioxide: Theoretical And Empirical Aspects Of Optimal Control Strategies, William D. Nordhaus

Cowles Foundation Discussion Papers

The scientific and policy discussion about the CO2 problem can be divided into three different parts: (a) understanding the carbon cycle and climatic effects of CO2 elevation; (b) understanding the economic and social impacts of CO2 and estimating abatement strategies; and (c) weighing the costs and benefits in (a) and (b) to set appropriate policies. Up to now, almost all scientific work has gone into (a); a handful of papers discusses (b); but there have been no attempts to pursue (c), that is to weigh scientific and economic evidence so as to give guidance on national or global policies. The …

Report On Proposed Changes In The New_10-01-1980 (2), Lynn Wombold

BBER Publications

The report evaluates the economic impact of proposed amendments to the New Mexico Water Supply Regulations requiring monitoring and control of total trihalomethanes (TTHMs) in public drinking water systems. Prepared by Lynn Wombold of the University of New Mexico Bureau of Business and Economic Research for the New Mexico Environmental Improvement Division, the study examines the costs associated with sampling, laboratory analysis, reporting, and potential corrective actions for community water systems serving 10,000 or more persons. Using survey responses from major municipal water systems and federal data on trihalomethane concentrations, the report estimates compliance costs under alternative monitoring schedules based …

Report On Proposed Changes In The New_10-01-1980, Lynn Wombold

BBER Publications

The report evaluates the economic impact of proposed amendments to the New Mexico Water Supply Regulations requiring monitoring and control of total trihalomethanes (TTHMs) in public drinking water systems. Prepared by Lynn Wombold of the University of New Mexico Bureau of Business and Economic Research for the New Mexico Environmental Improvement Division, the study examines the costs associated with sampling, laboratory analysis, reporting, and potential corrective actions for community water systems serving 10,000 or more persons. Using survey responses from major municipal water systems and federal data on trihalomethane concentrations, the report estimates compliance costs under alternative monitoring schedules based …