Econometrics Commons^™

The Financial Instability Hypothesis, Disaggregated Finance And The Structure Of Econometric Models, Hyman P. Minsky Ph.D., Laurence H. Meyer Ph.D.

Hyman P. Minsky Archive

Paper presented at the Econometric Society, Toronto, Ontario, Canada, December 28, 1972.

External Economies And Competitive Equilibrium, George A. Hay, John J. Mcgowan

Cornell Law Faculty Publications

In an article published in 1955, Murray Kemp analyzed the case for interference with the competitive allocation of resources when external economies of production are present. In the specific model we are interested in—where the costs of any one producer's operations are affected by the total output of all producers of the same product—Kemp attempted to show that where entry into the industry is closed (although the industry is otherwise perfectly competitive), "there can always be found a subsidy, either on the product or on a particular factor, which will be a sufficient incentive to firms to produce an …

A Note On The Stigler-Kindahl Study Of Industrial Prices, George A. Hay

Cornell Law Faculty Publications

No abstract provided.

An Econometric Model For Forecasting Industrial Electrical Sales For Indiana, Ronald E. Clarke

Graduate Thesis Collection

Projections of electrical energy sales constitutes the foundation for planning in the electric utility industry. Every distributor of electric energy, large or small, wholesaler or retailer, should have sales forecasts available upon which to base its physical and financial planning. Others associated with the industry, such as regulatory agencies and suppliers, also need such forecasts.

The purpose of this paper is to develop an econometric model for forecasting annual industrial kilowatt-hour sales for the State of Indiana. The model is designated so that State agencies, suppliers and individual companies can use the model.

The Dynamics Of Firm Behavior Under Alternative Cost Structures, George A. Hay

Cornell Law Faculty Publications

A large and growing number of studies attempt to determine the important factors affecting firms' decisions with respect to price, output, and inventories. A striking feature of this literature is the embarrassingly large number of alternative models—all allegedly consistent with the principles of profit maximization—which are used to justify various reduced form or behavioral equations to be estimated with the appropriate firm or industry data.

It is rare, however, that the equations to be estimated are derived rigorously from the underlying model. Because of this, the restrictions placed on the equations to be estimated are often limited at worst to …