Now showing items 1-10 of 96
"Profitability of Monopolization by Vertical Integration"
(Journal of Political Economy, 1971)
Economic Theory and Society: A Plea for Process Analysis
That the social sciences have grown up linked with their subject matter presents a unique challenge to historians. They have not only to unravel the complex strands in the evolution of theory but have also to discover the ...
"Estimation of Structure Profit Relationships: Comment"
(American Economic Review, 1973-09)
Switching of Techniques and Consumption Per Head: An Economic Clarification
Using the notation of our original paper,' we summarize differ- ent techniques by (nXn) input matrices a, b, c, . . . and the cor- responding labor requirement vectors ao, bo, ... When one sets the wage w=1 as a normalization, ...
A Comment on" This Age of Leontief... and Who?"
Levine claims that Sraffa has been misunder- stood on issues concerning, "(1) [the] use of pro- duction coefficients and the question of returns to scale, (2) the centerpiece of the price-deter- mining apparatus, (3) numeraire ...
A note on extraneous information in regression
The Theil-Goldberger ( 196 1) exposition of combining sample and prior information is well known and appears now in standard textbooks for graduate econometrics courses. Diminishing the value of the prior relative to the ...
Synthesizing the neo-Austrian and alternative approaches to capital theory: a survey
CAPITAL theory involves many complex issues which have generated heated debates within the profession,' and no one survey can treat the subject exhaustively. However, Capital and time:A neo-Austrian theory [27, Hicks, 1973], ...
Operational Techniques and Tables for Making Weak MSE Tests for Restrictions in Regressions
Tables of critical points for the noncentral F are presented with noncentrality equal to 1/2 of numerator degrees of freedom for denominator degrees of freedom of 1-30, 40, 60, 120, 200, 400, and 1,000, and numerator degrees ...
Weaker Criteria and Tests for Linear Restrictions in Regression
The standard F test for linear restrictions in regression is relevant as a criterion but fails to capture the notion of tradeoff between bias and variance. Average squared distance criteria yield operational tests that are ...
The irrelevance of Sraffa's analysis without constant returns to scale
One fundamental result in Sraffa's production of commodities by means by commodities is the relationship between the rate of profit for a given production tecchnique and Sraffa;s measure of the real wage.................