摘要:

ABSTRACTThis paper explores the response of money demand to relative changes in income using U.S. quarterly data for the period 1948–1970. We find that exchange media and time deposits differ in their response to relative changes in income with implications for the inclusion of time deposits in the definition of mone

ISSN:0026-1386    

DOI:10.1111/j.1467-999X.1977.tb00560.x

出版商:Blackwell Publishing Ltd    

年代:1977

数据来源: WILEY

ISSN:0026-1386    

DOI:10.1111/j.1467-999X.1977.tb00561.x

出版商:Blackwell Publishing Ltd    

年代:1977

数据来源: WILEY

ISSN:0026-1386    

DOI:10.1111/j.1467-999X.1977.tb00562.x

出版商:Blackwell Publishing Ltd    

年代:1977

数据来源: WILEY

摘要:

ABSTRACTThis paper formulates a general equilibrium market economy where consumers are « perfect competitors » but producers take advantage of their ability to influence prices. It is shown that in such a model it is not reasonable for producers to attempt to maximize profits. Conditions are presented under which there exists a solution for such an economy which is Pareto‐efficient for theownersof the firms. Finally, it is shown that a pecuniary externality makes the core a very weak solution concept to use in analysing rivalry among produc

ISSN:0026-1386    

DOI:10.1111/j.1467-999X.1977.tb00563.x

出版商:Blackwell Publishing Ltd    

年代:1977

数据来源: WILEY

ISSN:0026-1386    

DOI:10.1111/j.1467-999X.1977.tb00564.x

出版商:Blackwell Publishing Ltd    

年代:1977

数据来源: WILEY

ISSN:0026-1386    

DOI:10.1111/j.1467-999X.1977.tb00565.x

出版商:Blackwell Publishing Ltd    

年代:1977

数据来源: WILEY

摘要:

ABSTRACTIn regression problems, we often test a null hypothesis which, according to prior knowledge, is likely to be wrong. In order to decrease the error of the second kind, we then raise the power function and thus, also increase the significance level. In this paper, we will represent our prior knowledge by certain prior probility functions and will apply Bayesian methods to test the null hypothesis. We will show that the results obtained by the Bayesian method are equivalent to the sampling methods with a raised power function.

ISSN:0026-1386    

DOI:10.1111/j.1467-999X.1977.tb00566.x

出版商:Blackwell Publishing Ltd    

年代:1977

数据来源: WILEY

ISSN:0026-1386    

DOI:10.1111/j.1467-999X.1977.tb00567.x

出版商:Blackwell Publishing Ltd    

年代:1977

数据来源: WILEY

摘要:

ABSTRACTThe first part of this paper shows in the Stolper‐Samuelson box diagram that (a) how the increased factor in the theorem will be absorbed and how the existing resources will be transferred between industries; (b) If both factors increase simultanously, there may or may not have transference of the existing resources; (c) Jone's magnification effect can be illustrated in the same box diagram. The second part of this paper relates the corollary. We have shown that (d) if diversification of production occurs, the corollary holds percentagewise only if less of the total supply of the increased factor is employed in the industry which uses this factor intensively. (e) Our proposition may also be explained by deriving the effect of factor expansion on the marginal rate of transformation; and lastly, (f) a type of envelope theorem for factor expansion may be established. The mathematical derivations are collected in the Appendi

ISSN:0026-1386    

DOI:10.1111/j.1467-999X.1977.tb00568.x

出版商:Blackwell Publishing Ltd    

年代:1977

数据来源: WILEY

摘要:

ABSTRACTIt is proved in this paper that in a non‐joint production system of Leontief type which allows the simultaneous operation of multiple activities for each commodity production there exist unique labour values of commodities defined as the best minimal labour contents and the so‐called fundamental Marxian theorem can be verified and extended. An appendix studies a generalization of Hawkins‐Simon conditions in our fram

ISSN:0026-1386    

DOI:10.1111/j.1467-999X.1977.tb00569.x

出版商:Blackwell Publishing Ltd    

年代:1977

数据来源: WILEY