Now showing items 31-40 of 96
Perfect Foresight, Expectational Consistency, and Macroeconomic Equilibrium
This paper begins by introducing three alternative properties of expectations: weak consistency, strong consistency, perfect foresight. These concepts are then used to consider the relationship between beginnning of period ...
TRADER-COMMODITY PARITY THEOREMS
(JOURNAL OF ECONOMIC THEORY, 1976)
Barely known species.
Sequential Methods in Model Construction
"Inl statistical inference proper, the model is never questioned. . . . The methods of mathematical statistics do not provide us with a means of specifying the model." 1 Few would question the profundity of the above quotes. ...
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 Survey of Users of Corporate Planning Models
Why are over 2,000 corporations either using, developing, or planning to develop some form of corporate simulation model? What types of companies are using corporate planning models? How are they being used? Which resources ...
Industrial Organization: The Role and Contribution of Econometrics
(American Economic Review, 1970-05)
A Comment on the Analysis of Data Generated by Simulation Experiments
The purpose of this note is to suggest some improvements in current statistical analysis of computer-simulated data. To be concrete, we will take a recent paper by Rosser T. nelson  which appears in this journal as the ...