This paper uses a model of trade in two commodities between two countries to establish the following proposition. If the foreign offer curve has no points of inflection and if for each home rate of duty the equilibrium most ...

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 ...

The question of whether to pool two samples in variance estimation is often decided via a preliminary F test. In this paper we show that the optimal pre-test F value is unity for a onesided alternative, where the objective ...

A number of important theorems have been developed regarding the qualitative properties that input-output and related economic models must possess in order to be viable. That a number of apparently different notions of viability ...

A reduced-form equation relating length of "formal schooling" to market, endowment, and ability parameters was derived for a life-cycle human capital accumulation model with alternative assumptions: (a) equal borrowing and ...

The purpose of this note is to correct serveral erros in the ingenius graphical analysis of the economics of network-affiliate relationship in the television broadcasting industry.

A half century and more has elapsed now since T. S. Eliot declared Hamlet to be "most certainly an artistic failure."1 "What is deficient in Hamlet," Eliot went on to say, is that "Hamlet (the man) is dominated by an emotion ...