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Implicit Tax Rate Reductions with Growth, Progressive Taxes, Constant Progressivity, and a Fixed Public Share
It is the purpose of this paper to state with rigor and precision the pattern of tax rate reductions which will meet these requirements. The question is approached in Part I by means of a theoretical model with highly restrictive ...
The Use of Error Components Models in Combining Cross Section with Time Series Data
A mixed model of regression with error components is proposed as one of possible interest for combining cross section and time series data. For known variances, it is shown that Aitken estimators and covariance estimators ...
A Note on the Global Stability of a Simple Growth Model With Many Capital Goods
Growth models with many assets represent an obvious advance beyond the simple one-sector model involving only a single real capital good, and permit discussion of portfolio choice, capital market trading conditions, and ...
The Badly Behaved Production Function: Comment
In their recent article Joan Robinson and K. A. Naqvi provide an example which they think ". . . conclusively disproves the notion that the number of switches cannot be more than the number of capital goods in the system." ...
Lifetime Allocation of Work and Leisure.
Concentrating on the trend toward early retirement in the United States and the factors responsible for it, this study draws comparisons between the work and leisure pattern in the United States, with its growing tendency ...
The Existence of Golden Ages and Stability in the Two-Sector Model
There are several related questions which can be asked in the context of the neoclassical two-sector growth model...
The Nature and Implications of the Reswitching of Techniques
By reswitching of techniques we mean the recurrence at different rates of interest of a whole matrix of activities or a "technique of production." The "Ruth Cohen Curiosum" may be considered a special case where only a single ...
Poe's Hollow Men
A Palm for Pamela: Three Studies in the Game of Love
Strandberg discusses the Pamela archetype in Shakespeare's Juliet, Kālidāsa's Shakuntala, and Hemingway's Catherine Barkley.
Dante's Inferno: The Simoniacs