# Elsevier

# Economics Letters

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### 1984, Volume 14, Issue 4

**383-388 Competitive, monopolistic and efficient utilization of an exhaustible resource in the presence of habit-formation effects and stock dependent costs***by*Gross, M. & Lieber, Z.**389-395 Net liquid assets and net illiquid assets in the consumption function : Some evidence for the United Kingdom***by*Patterson, K. D.

### 1984, Volume 14, Issue 2-3

**101-106 A second note on the core of the overlapping generations model***by*Kovenock, Dan**107-109 Problems with average cost pricing in the presence of set-up costs***by*Roberts, John**111-116 A limit theorem on the core with differential information***by*Srivastava, Sanjay**117-122 A note on aggregation of Fechner-Thurstone direct utility functions***by*Basmann, R. L. & Molina, D. J. & Slottje, D. J.**123-130 Non-causalities and time inconsistency in dynamic non-cooperative games : The problem revisited***by*Brandsma, Andries S. & Hughes Hallett, A. J.**131-136 On the existence of local nash equilibrium with price and quality competition***by*Bucovetsky, S.**137-142 A cross-country tabulation of own-price elasticities of demand***by*Finke, Renate & Lu, Wen-He & Theil, Henri**143-148 On final choice functions***by*Kim, Jin Bai**149-153 On a market demand function satisfying the weak but not the strong axiom of revealed preference***by*Lenninghaus, Jurgen**155-162 Chaos, Naivete, and consistent conjectures***by*Shaffer, Sherrill**163-165 Maximal elements for non-transitive binary relations***by*Mehta, Ghanshyam**167-172 Sufficient conditions for a sufficient statistic theorem***by*Haller, Hans**173-178 Comparing stochastic price regimes : The limitations of expected surplus measures***by*Helms, L. Jay**179-185 Finite-sample power of tests for autocorrelation in models containing lagged dependent variables***by*Inder, B. A.**187-193 Regime classifications in the disequilibrium market models***by*Lee, Lung-Fei**195-200 The likelihood function and a test for serial correlation in a disequilibrium market model***by*Lee, Lung-Fei**201-206 A method of moments interpretation of sequential estimators***by*Newey, Whitney K.**207-211 The downward bias of asymptotic standard errors of maximum likelihood estimates of non-linear systems***by*Rosalsky, Mercedes C. & Finke, Renate & Theil, Henri**213-220 A note on likelihood ratio tests of functional form and structural change in demand systems***by*Wales, T. J.**221-228 Testing hypotheses on the unidentifiable structural parameters in the classical 'errors-in-variables' model with application to Friedman's permanent income model***by*Willassen, Yngve**229-233 Autocorrelation and the sensitivity of reset***by*Porter, Richard D. & Kashyap, Anil K.**235-239 A dynamic generalisation of the almost ideal demand system***by*Ray, Ranjan**241-244 Variability of the Japanese money stock : Links to the U.S. and the October 1979 policy change***by*Belongia, Michael T.**245-250 Public intermediate inputs, property values, and allocative efficiency***by*Brueckner, Jan K. & Wingler, Thomas L.**251-257 Policy impacts on the open economy in different unemployment regimes***by*Felmingham, B. S.**259-262 A note of the theory of international transfers***by*Kemp, Murray C.**263-267 Assessing the profitability effects of airline deregulation***by*Spiller, Pablo T.**269-274 A classification of second-order technical progress operators***by*Scheraga, Joel D.**275-281 Unemployment insurance meets the classical labor supply model***by*Fortin, Pierre**283-287 On indices of relative deprivation***by*Chakravarty, S. R. & Chakraborty, A. B.**289-293 Testing the stability of the hall consumption function specification***by*Koskela, Erkki & Viren, Matti

### 1984, Volume 14, Issue 1

**1-8 The neutrality of systematic monetary policy in models with a disequilibrium price level***by*Nickerson, David**9-15 Unidimensional median voter results in probabilistic voting models***by*Coughlin, Peter J.**17-22 Interest rates and the fisher effect in India : An empirical study***by*Paul, M. Thomas**23-30 On the consequences of trend for simultaneous equation estimation***by*Kramer, Walter**31-35 A note on the Wald, LR and LM tests and misspecification***by*Ohtani, Kazuhiro**37-41 Bank credit and debt, income, and causality : The Sims test on measures of credit***by*Smith, Kenneth L.**43-52 Distribution of a generalized t ratio for biased estimators***by*Vinod, H. D.**53-59 Non-linearities in applied general equilibrium models***by*Bovenberg, A. L. & Keller, W. J.**61-65 Club optimality : Further Clarifications***by*Sandler, Todd**67-72 Dynamic stability in a model of dual exchange rates***by*Gardner, Grant W.**73-79 On the relationship between the New York closing spot U.S.$[+45 degree rule]$A exchange rate and the Reserve Bank of Australia's official rate***by*Hogan, W. P. & Sharpe, I. G.**81-85 Firm size and the incentive to differentiate***by*Shaffer, Sherrill**87-91 Downward bias in a new measure of wage discrimination***by*Hojman, David E.**93-100 The permanent income hypothesis and the real interest rate : Some evidence from panel data***by*Shapiro, Matthew D.

### 1983, Volume 13, Issue 4

**297-302 The rate of return regulated version of Shephard's lemma***by*Fare, Rolf & Logan, James**303-307 Goodness of fit and outliers in cross-country demand systems***by*Finke, Renate**309-317 The effect of size on prices***by*Luis Guasch, J. & Marshall, Robert C.**319-323 The incentive implications of incomplete insurance : The multiplicative case***by*Ito, Takatoshi & Machina, Mark J.**325-330 Multi-agent control in perfectly correlated environments***by*Sappington, David & Demski, Joel S.**331-336 Capital accumulation with a finite decision horizon***by*Leach, John**337-341 A note on the econometric use of constant dollar inventory series***by*West, Kenneth D.**343-349 Estimation in censored samples when there is heteroskedasticity***by*Dooley, Martin D.**351-356 Reserve requirements and control of a broad monetary aggregate***by*Froyen, Richard T. & Kopecky, Kenneth J.**357-360 The distance from the equator as an instrumental variable***by*Theil, Henri & Finke, Renate**361-366 A note on the underestimation and overestimation in stochastic input-output models***by*Lahiri, Sajal**367-372 The formation of expectations : Some evidence from weekly money supply forecasts***by*Hafer, R. W.**373-378 Exports as a signal of quality : A new approach to dumping***by*Ben-Zion, Uri & Donnenfeld, Shabtai**379-383 Determinants of R&D in an LDC : The Indian engineering industry***by*Lall, Sanjaya**385-392 Human capital and the time-profile of human fertility***by*Cigno, Alessandro**393-396 Errors in variables and reverse regression in the measurement of wage discrimination***by*Solon, Gary

### 1983, Volume 13, Issue 2-3

**105-111 The two perils of symmetry-constrained estimation of demand systems***by*Fiebig, Denzil G. & Theil, Henri**113-116 Rational choice and gain functions derived from a fuzzy relation***by*Kim, Jin Bai & Kymn, Kern O.**117-121 A note on the interaction between buyers and sellers***by*Wolinsky, Asher**123-128 Relative vs. absolute price rigidity***by*Andersen, Torben M.**129-136 Marginal welfare measures for discrete choice models***by*Hanemann, W. Michael**137-140 The number of weak orders : A comment***by*Elbers, Chris**141-145 Optimal hedging in the futures market under price uncertainty***by*Benninga, Simon & Eldor, Rafael & Zilcha, Itzhak**147-151 Sustainable solutions for dynamic bargaining problems***by*Fershtman, Chaim**153-159 A test for structural instability in the secular growth rate of productivity***by*Blakemore, Arthur E. & Schlagenhauf, Don E.**161-166 Adaptive expectations and the variance hypothesis***by*Ilmakunnas, Pekka**167-171 A reconsideration of Sims' evidence concerning monetarism***by*McCallum, Bennett T.**173-180 Does there exist a relation between inflation and relative price-change variability? : The effect of the aggregation level***by*Balk, Bert M.**181-184 Methods of estimation for models of markets with bounded price variation under rational expectations***by*Chanda, Anup & Maddala, G. S.**185-189 A note on testing for structural change in a single equation belonging to a simultaneous system***by*Erlat, Haluk**191-196 Non-linear least squares estimation under non-linear equality constraints***by*Lutkepohl, Helmut**197-200 A note on algebraic equivalence of White's test and a variation of the Godfrey/Breusch-Pagan test for heteroscedasticity***by*Waldman, Donald M.**201-206 Asymptotic tests on moving average representation coefficients with an application to innovations on spot and forward exchange rates***by*Baillie, Richard T.**207-211 The private provision of a public good is independent of the distribution of income***by*Warr, Peter G.**213-217 Government capital and the production function for U.S. private output***by*Ratner, Jonathan B.**219-222 The monetary multiplier when money is measured as a Divisia quantity index***by*Spindt, Paul A.**223-229 Analysts' forecasts in the capital asset pricing model***by*Strebel, Paul**231-236 Non-traded goods and the general equilibrium effects of tariffs in the short run***by*Rivera-Batiz, Francisco L. & Almansi, Aquiles A.**237-242 An all-encompassing consumption function : The Australian case***by*Van Hoa, Tran**243-248 The structure-performance relationship at the firm level***by*Daskin, Alan J.**249-252 Successive cournot-nash industries***by*Flath, David**253-258 Choosing duopoly solutions by consistent conjectures and by uncertainty***by*Turnbull, Stephen J.**259-261 The welfare effects of complexity and variability in regulations***by*Quandt, Richard E.**263-268 On the optimal resource rent tax***by*Campbell, H. F. & Lindner, R. K.**269-276 Energy consumption in LDCs : Some empirical issues***by*Zilberfarb, B.**277-281 Estimating the intertemporal elasticity of labor supply in a contractual market***by*Bronars, Stephen G.**283-289 A conditional logit model for executive incentives***by*Courchane, M. J.**291-296 Estimating dynamic demand systems : Some results on pooled indian budget data***by*Ray, Ranjan

### 1983, Volume 13, Issue 1

**1-9 Blockmodeling complex statutes : Mapping techniques based on combinatorial optimization for analyzing economic legislation and its stress point over time***by*Boorman, Scott A. & Levitt, Paul R.**11-14 A new cross-country tabulation of the quality index of consumption***by*Finke, Renate**15-18 Verifying a demand system by simulation***by*Theil, Henri & Finke, Renate & Rosalsky, Mercedes C.**19-24 Some notes on the stability of a simple Cournot economy with a leontief technology***by*Willner, Johan**25-30 Price level determinacy and the choice of policy targets under rational expectations***by*Brezis, Aliza & Offenbacher, Edward K.**31-35 A new characterization of simple majority***by*Fishburn, P. C.**37-44 Multi-valued decision rules and coalitional non-manipulability : Two possibility theorems***by*Bandyopadhyay, Taradas**45-48 The information matrix test : Simplified calculation via a score test interpretation***by*Chesher, Andrew**49-53 The multi-country transfer problem***by*Dixit, Avinash**55-57 Trade taxes and the current account***by*Razin, Assaf & Svensson, Lars E. O.**59-62 Are exchange rate movements a random walk?***by*Kumcu, M. Ercan**63-67 Constancy of equilibrium interest rates for power utility functions and stochastic constant returns to scale technologies***by*Sundaresan, M.**69-75 Increasing returns to scale and the reverse flexible accelerator***by*Dechert, W. Davis**77-80 Market power and output stability***by*Shaffer, Sherrill**81-86 Estimates of the option values for water quality improvements***by*Smith, V. Kerry & Desvousges, William H. & Fisher, Ann**87-95 Cobweb versus rational expectations models : Lessons from the market for public school teachers***by*Zarkin, Gary A.**97-100 A generalization of working's model***by*Laitinen, Kenneth & Theil, Henri & Raparla, Tejaswi**101-104 The integrability of generalized working models***by*Van Hoa, Tran

### 1983, Volume 12, Issue 3-4

**201-205 The complete breakdown of gross-substitutability in a Cobb-Douglas world***by*Schulz, Norbert**207-212 Tests of a heterogeneous bidders theory of first price auctions***by*Cox, James C. & Smith, Vernon L. & Walker, James M.**213-218 On the cost-minimizing number of firms***by*Ten Raa, Thijs**219-227 A simple implementation of efficient allocations***by*Rob, Rafael**229-234 Efficiency of sophisticated choice***by*Grout, Paul**235-241 Inventories, rational expectations and economic activities***by*Chan, Kenneth S. & Ioannides, Yannis M.**243-249 A note on the variability of inflation and the dispersion of relative price changes***by*Marquez, Jaime & Vining, Daniel**251-254 A note on the effects of linear approximation on hypothesis testing***by*Bera, Anil K. & Byron, Ray**255-259 Interpreting the effects of binary variables in transformed models***by*Blaylock, James R. & Smallwood, David M.**261-267 The unimodal maximum entropy density***by*Brockett, Patrick L.**269-275 Small sample properties of alternative forms of the Lagrange Multiplier test***by*Davidson, Russel & MacKinnon, James G.**277-281 The J-test as a Hausman specification test***by*Hausman, Jerry & Pesaran, Hashem**283-287 The independence of tests for structural change in regression models***by*Phillips, G. D. A. & McCabe, B. P.**289-293 A generalized recoverability theorem : The case of multi-stage production***by*Scheraga, Joel D.**295-297 A note on the equivalence between two cones generated by a correspondence***by*Shitovitz, Benyamin**299-303 Currency by denomination***by*Cramer, J. S.**305-311 The information loss through aggregation of the UK monetary components***by*Mills, Terence C.**313-317 Competitive banks and the inflation tax***by*Calvo, Guillermo A. & Fernandez, Roque B.**319-326 Tax progression in Lindahl equilibrium***by*Snow, Arthur & Warren, Ronald Jr.**327-332 The service sector, monopolistic competition and the impact of emigration***by*Rivera-Batiz, Francisco L.**333-338 Inflation 'news' and exchange rates***by*Amihud, Yakov & Kalay, Avner**339-340 Risk-aversion and the term structure of real interest rates correction***by*LeRoy, Stephen F.**341-347 A geometric note on some propositions in spatial pricing policy***by*Norman, George**349-353 Non-structural measures of competition : Toward a synthesis of alternatives***by*Shaffer, Sherrill**355-359 Profit cost margin, monopoly power and R & D intensity for industrial firms***by*Ben-Zion, Uri & Kim, Moshe**361-367 A welfare analysis of monopolistic R & D***by*Lee, Tom K.**369-375 The value of large resource deposits or, how precious are the sea-bed nodules?***by*Dasgupta, Partha**377-382 Industrial sector interfuel substitution following the first major oil shock***by*Hall, V. B.**383-389 Energy consumption in Australia : Evidence from a generalized working model***by*Van Hoa, Tran & Ironmonger, D. S. & Manning, I.**391-396 A new cross-country tabulation of income elasticities of demand***by*Finke, Renate & Rosalsky, Mercedes C. & Theil, Henri

### 1983, Volume 12, Issue 2

**101-108 Communication in markets : A suggested approach***by*Kirman, Alan P.**109-114 Keynesian unemployment as a nash equilibrium with endogenous wage/price setting : An example***by*Madden, Paul**115-119 From intertemporal strong quasi-concavity to temporary one***by*Bronsard, Camille**121-125 Shephard's lemma and rate of return regulation***by*Fare, Rolf & Logan, James**127-133 The cournot oligopoly and competitive equilibria as solutions to non-linear complementarity problems***by*Okuguchi, Koji**135-139 Differentiability of the cost functions is equivalent to strict quasiconcavity of the production functions***by*Saijo, Tatsuyoshi**141-146 Market demand is a continuous function of prices***by*Trockel, Walter**147-152 Learning to agree***by*Cave, Jonathan A. K.**153-156 An empirical note on money, government debt and inflation***by*Barsky, Robert B. & Mankiw, N. Gregory**157-161 Additional evidence on inflation variability : The experience of asian countries***by*Khan, Ashfaque H. & Abbas, Kalbe**163-167 The effects of inflation uncertainty and supply shocks on real interest rates***by*Wilcox, James A.**169-174 Extension of the ridge regression technique to non-linear models with additive errors***by*Dagenais, Marcel G.**175-180 Estimating models of expectations : A simplified sequential approach***by*Khan, Mohsin S.**181-186 The sampling performance of pre-test estimators of the scale parameter under squared error loss***by*Yancey, T. A. & Judge, G. G. & Mandy, D. M.**187-191 In search of a test of investor capital gain realization behavior to capital gain tax rates***by*Barthold, Thomas A.**193-199 To graduate or not : Does it matter?***by*Hartog, Joop

### 1983, Volume 12, Issue 1

**1-6 The signs of compensated price effects in quantity/quality models***by*Edlefsen, Lee E.**7-10 Equilibrium points of non-atomic games : Asymptotic results***by*Rashid, Salim**11-17 Admissible mean standard deviation indifference curves***by*Allen, Franklin**19-21 Regret theory and measurable utility***by*Loomes, Graham & Sugden, Robert**23-29 An alternative approach to simulating var models***by*Evans, Lewis & Wells, Graeme**31-35 Definitions of 'second order approximation' and of 'flexible functional form'***by*Barnett, William A.**37-41 On calculating the edgeworth approximate distribution of an econometric estimator or test statistic***by*Tse, Y. K.**43-48 Use of the principal component method in the maximum likelihood estimation procedure of the logit model***by*White, Eugene & Tsurumi, Hiroki**49-51 Order-separable spaces***by*Mehta, Ghanshyam**53-60 Factor movements with three factors and two goods in the U.S. economy***by*Thompson, Henry & Clark, Don P.**61-67 Are developed country multilateral tariff reductions necessarily beneficial for the U.S.?***by*Whalley, John & Wigle, Randall**69-72 Complete sterilization and perfect capital mobility***by*O'Connell, Joan**73-79 Suboptimal plant capacity in U.S. manufacturing***by*Hirschey, Mark**81-87 A note on overemployment/underemployment in labor contracts under asymmetric information***by*Cooper, Russell**89-96 Trade union growth in Ireland, 1943-1977***by*Sapsford, D.**97-100 Family income and participation in schooling and higher education***by*N.J., Thomson

### 1983, Volume 11, Issue 4

**299-303 Demand uncertainty, competition, and 'non-binding' price controls***by*Cottle, Rex L. & Wallace, Myles S.**305-310 Disturbing effects of contracts based on effort supervision***by*Guasch, J. Luis**311-317 Estimated elasticities from regulated and unregulated cost functions***by*Nelson, Randy A.**319-325 The impossibility of a weakly path independent Paretian liberal***by*Bandyopadhyay, Taradas**327-330 The optimal insurance contract in a competitive market***by*Borch, Karl**331-335 On stationary overlapping generations models***by*Okuno, Masahiro & Zilcha, Itzhak**337-342 The Muntz-Szatz demand system : An application of a globally well behaved series expansion***by*Barnett, William A. & Jonas, Andrew B.**343-346 Optimization under non-linear constraints***by*Jansson, Leif & Mellander, Erik**347-352 Pre-test estimation under squared error loss***by*Judge, G. G. & Yancey, T. A. & Bock, M. E.**353-356 Conflict among testing procedures?***by*Kohler, Daniel F.**357-364 On the classical nature of the Wu-Hausman statistics for the independence of stochastic regressors and disturbance***by*Smith, Richard**365-370 A remark on a generalized specification test***by*Wu, De-Min**371-375 An asymptotic property of equilibrium on futures markets arising from speculation***by*Cheng, Hsueh-Cheng & Magill, Michael J. P.**377-384 On variable capital utilization and international trade theory***by*Svensson, Lars E. O.**385-389 On the rationality of buying from a price predator***by*Porter, Robert H.**391-397 Disparities in income elasticities by ethnic origin***by*Clements, Kenneth W. & Johnson, Lester W.

### 1983, Volume 11, Issue 3

**197-201 The duality implications of a concave aggregator function***by*Diewert, W. E.**203-210 Some Hicksian and Marshallian consumer's surplus estimates in discrete choice***by*Hau, Timothy Doe-Kwong**211-216 Equilibrium store locations when consumers minimize travel time plus waiting time***by*Kohlberg, Elon**217-221 Transformed beta-capacity distributions of production units***by*Muysken, Joan**223-224 On a theorem of Gorman***by*Russell, Thomas**225-229 On the effectiveness of automatic stabilizers under rational expectations when there is partial current information***by*Minford, A. P. L. & Peel, D. A.**231-236 On the normality of relative price changes***by*Buck, Andrew J. & Gahlen, Bernhard**237-244 Asymptotic standard errors of point elasticities calculated from simultaneous equation systems***by*Calzolari, Giorgio**245-250 The determination of moments of the doubly truncated multivariate normal tobit model***by*Lee, Lung-Fei

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