# Elsevier

# Journal of Economic Theory

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Alessandro Lizzeri
Karl Shell
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### 1978, Volume 17, Issue 2

**227-253 Incremental consumer's surplus and hedonic price adjustment***by*Willig, Robert D.**254-286 Mutual fund separation in financial theory--The separating distributions***by*Ross, Stephen A.**287-311 Price expectations, disequilibrium adjustments, and macroeconomic price stability***by*Burmeister, Edwin & Turnovsky, Stephen J.**312-318 A note on the positivity constraint in Olech's theorem***by*Ito, Takatoshi**319-331 Potential competition and the monopoly price of an exhaustible resource***by*Gilbert, Richard J. & Goldman, Steven M.

### 1978, Volume 17, Issue 1

**1-20 A theory of money and financial institutions. 28. The non-cooperative equilibria of a closed trading economy with market supply and bidding strategies***by*Dubey, Pradeep & Shubik, Martin**21-37 Market allocations of location choice in a model with free mobility***by*Starrett, David**38-50 A Neo-Austrian two-period multisector model of capital***by*Bernholz, Peter & Faber, Malte & Reiss, Winfried**51-65 The dynamics of some duopoly games involving the Market Share and Nichol strategies***by*Rickard, John A. & Murray, Ian W.**66-78 On the informational size of message spaces for resource allocation processes***by*Osana, Hiroaki**79-98 Information, futures prices, and stabilizing speculation***by*Danthine, Jean-Pierre**99-113 Efficient transitions from a resource to a substitute technology in an economic growth context***by*Hanson, Donald A.**114-129 Efficient growth with exhaustible resources in a neoclassical model***by*Mitra, Tapan**130-133 Extension of Oi's price instability theorem***by*Tisdell, Clem**134-140 Period analysis and continuous analysis in Patinkin's macroeconomic model***by*Karni, Edi

### 1977, Volume 16, Issue 2

**123-136 The ratio equilibrium and a voting game in a public goods economy***by*Kaneko, Mamoru**137-150 Existence of an equilibrium with arbitrary tax schemes for financing local public goods***by*Greenberg, Joseph**151-166 Some results on "an income fluctuation problem"***by*Schechtman, Jack & Escudero, Vera L. S.**167-207 A model of insurance markets with incomplete information***by*Wilson, Charles**208-219 Equilibrium in spatial voting: The median voter result is an artifact***by*Hinich, Melvin J.**220-227 The choice between family and individual deductibles in health insurance policies***by*Keeler, Emmett B. & Relles, Daniel A. & Rolph, John E.**228-246 The role of insurance and gambling in allocating risk over time***by*Eden, Benjamin**247-251 Independence of irrelevant alternatives, and solutions to Nash's bargaining problem***by*Roth, Alvin E.**252-292 The permanent income hypothesis: A theoretical formulation***by*Bewley, Truman**293-309 Revealed preference cycles and the slutsky matrix***by*Shafer, Wayne J.**310-334 A dynamical model of political equilibrium***by*Kramer, Gerald H.**335-353 Extending Condorcet's rule***by*Young, H. P.**354-372 Expectations equilibrium and informational efficiency for stochastic environments***by*Jordan, J. S.**373-393 Labor market equilibrium under nonsequential search***by*Wilde, Louis L.**394-402 Advantageous monopolies***by*Greenberg, J. & Shitovitz, B.**403-424 Technical change and the "tendency of the rate of profit to fall"***by*Roemer, John E.**425-442 A model of general equilibrium with monopolistic behavior***by*Silvestre, Joaquim**443-456 Indivisible commodities and general equilibrium theory***by*Mas-Colell, Andreu**457-469 Characterization of domains admitting nondictatorial social welfare functions and nonmanipulable voting procedures***by*Kalai, Ehud & Muller, Eitan**470-474 On the existence of maximal elements***by*Walker, Mark**475-480 Aggregation and the existence of a social utility function***by*Shapiro, Perry**481-489 Utility functions for simple games***by*Roth, Alvin E.**490-495 A characteristic feature of the consumption-loan model***by*Homma, Masaaki**496-503 Compensating wage differences***by*Sattinger, Michael**504-512 The impact of uncertainty in a class of objective functions***by*Feder, Gershon**513-517 Shapley value and disadvantageous monopolies***by*Gardner, Roy**518-520 A note on the game theoretic interpretation of Walras equilibria***by*Keiding, Hans

### 1977, Volume 16, Issue 1

**1-9 On shifting temporary equilibrium***by*Christiansen, Daniel S. & Majumdar, Mukul K.**10-16 Stability of competitive industry equilibrium***by*Yun, Kwan Koo**17-37 Duration of offers, price structure, and the gain from search***by*Landsberger, Michael & Peled, Dan**38-52 Search theory: The case of search with uncertain recall***by*Karni, Edi & Schwartz, Aba**53-83 Take-over bids and stock market equilibrium***by*Hart, Oliver D.**84-102 Ranking functions and independence conditions***by*Packard, Dennis J. & Heiner, Ronald A.**103-110 On Schwartz's rule***by*Deb, Rajat**111-115 Conditions for the existence of maximal elements in compact sets***by*Birchenhall, C. R.**116-121 Disadvantageous monopolies and disadvantageous endowments***by*Dreze, Jacques H. & Gabszewicz, Jean Jaskold & Postlewaite, Andrew

### 1977, Volume 15, Issue 2

**235-251 Monopoly, syndicate, and shapley value: About some conjectures***by*Guesnerie, Roger**252-265 The demand for labor in a dynamic model of the firm***by*Sibley, David S.**266-278 Manipulation of social decision functions***by*Barbera, Salvador**279-294 Individual and collective risks in large economies***by*Berninghaus, Siegfried**295-300 Proportional income taxes and cores in a public goods economy***by*Nakayama, Mikio**301-306 Decisive coalitions in the theory of social choice***by*Ferejohn, John A.**307-324 Equilibrium solutions in dynamic dominant-player models***by*Kydland, Finn**325-344 Optimality, the interaction of spot and futures markets, and the nonneutrality of money in the lucas model***by*Muench, Thomas J.**345-350 On the desirability of a "totally random" monetary policy***by*Polemarchakis, H. M. & Weiss, L.**351-352 Reply to muench and polemarchakis and weiss***by*Lucas, Robert Jr.**353-362 Generalized slutsky conditions for aggregate consumer demand functions***by*Diewert, W. E.**363-365 Core and value for a public-goods economy: An example***by*Aumann, R. J. & Gardner, R. J. & Rosenthal, R. W.**366-375 On the informational size of message spaces***by*Walker, Mark**376-380 On partially continuous correspondences***by*Kats, Amoz & Slutsky, Steven**381-391 A note on dependence between a venture and a current prospect***by*Hildreth, Clifford & Tesfatsion, Leigh**392-393 A further note on market equilibrium with fixed supply***by*Tamir, Arie**394-397 A note on resource usage and market structure***by*Kamien, Morton I. & Schwartz, Nancy L.**398-409 Dynamic behavior of a simple neoclassical model with wealth and capital unequal***by*Gale, David

### 1977, Volume 15, Issue 1

**1-15 A characterization of the optimality of equilibrium in incomplete markets***by*Grossman, Sanford J.**16-25 Existence and the cass-shell stability condition for Hamiltonian systems of optimal growth***by*Gaines, Robert E.**26-53 Consumption loans under uncertainty***by*Inaba, Frederick S.**54-71 Wealth and the value of generalized lotteries***by*Danforth, John P.**72-91 Collective rationality versus distribution of power for binary social choice functions***by*Fishburn, Peter C. & Gehrlein, William V.**92-98 On the consistency of a gambler with time preference***by*Prakash, Prem**99-111 Existence of stable situations, restricted preferences, and strategic manipulation under democratic group decision rules***by*Dutta, Bhaskar**112-122 Stochastic evolution and control of an economic activity***by*Deshmukh, S. D. & Chikte, S. D.**123-134 The aggregation of controls and the autonomy of subordinates***by*Montias, J. M.**135-144 Separability vs functional structure: A characterization of their differences***by*Blackorby, Charles & Primont, Daniel & Robert Russell, R.**145-159 Sophisticated voting with information for two voting functions***by*Adelsman, Rony M. & Whinston, Andrew B.**160-173 Spaces of economic agents***by*Chichilnisky, Graciela**174-210 Some new results on the local stability of the process of capital accumulation***by*Magill, Michael J. P.**211-219 A local analysis of N-sector capital accumulation under uncertainty***by*Magill, Michael J. P.**220-224 The demand for money and bonds in continuous time models: A comment***by*Meyer, Laurence H.**225-227 Market allocation through search: Equilibrium adjustment and price dispersion: Comment***by*Butters, Gerard R.**228-234 A necessary and sufficient condition for the equality of the expansion rates in the von Neumann growth model***by*Jaksch, Hans Jurgen

### 1977, Volume 14, Issue 2

**239-251 Externalities and problems of nonconvexity and overhead costs in welfare economics***by*Otani, Yoshihiko & Sicilian, Joseph**252-262 Stability of social choices in infinitely large societies***by*Pazner, Elisha A. & Wesley, Eugene**263-283 Decentralized resource allocation and increasing returns***by*Calsamiglia, Xavier**284-290 Houthakker's axiom in the theory of rational choice***by*Suzumura, Kotaro**291-298 Distortion of preferences, income distribution, and the case for a linear income tax***by*Kurz, Mordecai**299-325 A voting model for the allocation of public goods: Existence of an equilibrium***by*Slutsky, Steven**326-336 Choice among distributions***by*Meyer, Jack**337-348 Protection and real wages: The neoclassical ambiguity***by*Ruffin, Roy & Jones, Ronald**349-372 A unified model of consumption, labor supply, and job search***by*Seater, John J.**373-388 Mixed pricing in oligopoly***by*Shilony, Yuval**389-401 Characterizing optimal policies in a one-sector model of economic growth under uncertainty***by*Mirman, Leonard J. & Zilcha, Itzhak**402-411 An admissible set occurring in various bargaining situations***by*Kalai, Ehud & Schmeidler, David**412-418 The equivalence of strong positive association and strategy-proofness***by*Muller, Eitan & Satterthwaite, Mark A.**419-438 Competitive and value allocations of large exchange economies***by*Mas-Colell, Andreu**439-442 The St. Petersburg paradox: A con games?***by*Shapley, Lloyd S.**443-445 The St. Petersburg paradox: A discussion of some recent comments***by*Aumann, Robert J.**446-453 Lotteries and menus: A comment on unbounded utilities***by*Shapley, Lloyd S.**454-457 A problem with public sector preferences***by*Denzau, Arthur T. & Parks, Robert P.**458-466 Pitfalls in the theory of fairness***by*Pazner, Elisha A.**467-473 A general equilibrium framework for the divvy economy***by*Salas, V. & Whinston, A.

### 1977, Volume 14, Issue 1

**1-18 Management production functions and the theory of the firm***by*Beckmann, Martin J.**19-31 Weak path independence***by*Ferejohn, John A. & Grether, David M.**32-43 A note on "fulfilled expectations" equilibria***by*Kreps, David M.**44-67 Decentralized control problems in neumann-economies***by*Kornai, Janos & Simonovits, Andras**68-83 The general equilibrium theory of tax incidence under uncertainty***by*Ratti, Ronald A. & Shome, Parthasarathi**84-112 Existence of equilibria in economies with a local public good***by*Westhoff, Frank**113-129 Revealed favorability, indirect utility, and direct utility***by*Sakai, Yasuhiro**130-148 Dual price and quantity aggregation***by*Blackorby, Charles & Primont, Daniel & Robert Russell, R.**149-171 Transitivity of preferences on a smooth manifold of alternatives***by*Schofield, Norman**172-179 Asymmetric duopoly and the core***by*Jaskold-Gabszewicz, Jean**180-189 Candidates with policy preferences: A dynamic model***by*Wittman, Donald**190-199 The eventual failure of price fixing schemes***by*Townsend, Robert M.**200-220 Excess supply equilibria***by*Futia, Carl A.**223-227 Closedness of convex hulls***by*Sakuma, Itsuo**228-231 An empirical implication of Auspitz-Lieben-Edgeworth-Pareto complementarity***by*Chipman, John S.**232-234 The definition of risk: An extension***by*Levy, Haim**235-237 A note on the Arrow-Kurz model of public investment***by*Bernstein, Jeffrey I.

### 1976, Volume 13, Issue 3

**341-360 The arbitrage theory of capital asset pricing***by*Ross, Stephen A.**361-379 Impossibility theorems without collective rationality***by*Blair, Douglas H. & Bordes, Georges & Kelly, Jerry S. & Suzumura, Kotaro**380-395 Issues in optimal educational policy in the context of balanced growth***by*Manning, R.**396-413 Comparative statics of a residential economy with several classes***by*Hartwick, John & Schweizer, Urs & Varaiya, Pravin**414-427 Choice functions, "rationality" conditions, and variations on the weak axiom of revealed preference***by*Schwartz, Thomas**428-438 Increasing returns to scale and productive systems***by*Dierker, E. & Fourgeaud, C. & Neuefeind, W.**439-447 Differential properties of functions which are solutions to maximization or minimization problems***by*Glustoff, Errol**448-457 Age-income profiles, income distribution and transition proportions***by*Hartog, Joop**458-471 A note on the core of economies with atoms or syndicates***by*Champsaur, Paul & Laroque, Guy**472-477 The welfare implications of Becker's discrimination coefficient***by*Toikka, Richard S.**478-483 A household consumption model of solid waste***by*Lackman, Conway L.**484-485 Technological condition for balanced growth: A note on professor Whitaker's contribution***by*Gomulka, Stanislaw**486-487 On the history of concepts of fairness***by*Varian, Hal R.

### 1976, Volume 13, Issue 2

**169-183 Sequences of temporary equilibria, stationary point expectations, and Pareto efficiency***by*Svensson, Lars E. O.**184-192 An advantage of the bargaining set over the core***by*Maschler, Michael**193-200 A proof technique for social choice with variable electorate***by*Hansson, Bengt & Sahlquist, Henrik**201-216 Asymptotic stability of stationary temporary equilibria and changes in expectations***by*Fuchs, Gerard**217-228 Manipulation of social choice functions***by*Gardenfors, Peter**229-244 Indexation in a rational expectations model***by*Barro, Robert J.**245-263 Portfolio selection with transactions costs***by*Magill, Michael J. P. & Constantinides, George M.**264-271 The preferability of investment through a mutual fund***by*Magill, Michael J. P.**272-297 Habit formation and long-run utility functions***by*Pollak, Robert A.**298-318 Adaptive behavior, demand and preferences***by*El-Safty, Ahmad E.**319-328 Adaptive behavior and the existence of Weizsacker's long-run indifference curves***by*El-Safty, Ahmad E.**329-340 Endogenous tastes and stable long-run choice***by*Hammond, Peter J.

### 1976, Volume 13, Issue 1

**1-13 A model of economic growth with altruism between generations***by*Kohlberg, Elon**14-25 The probability of the paradox of voting: A computable solution***by*Gehrlein, William V. & Fishburn, Peter C.**26-46 On efficiency and Pareto optimality of competitive programs in closed multisector models***by*Majumdar, Mukul & Mitra, Tapan & McFadden, Daniel**47-57 A note on the role of the transversality condition in signalling capital overaccumulation***by*Mitra, Tapan & Majumdar, Mukul**58-66 Equivalence of consumer surplus, the divisia index of output, and Eisenberg's addilog social utility***by*Rader, Trout**67-81 The precautionary demand for money: A utility maximization approach***by*Taylor, Carol A.**82-111 Unequal inequalities. II***by*Kolm, Serge-Christophe**112-117 On the existence of Cournot equilbrium without concave profit functions***by*Roberts, John & Sonnenschein, Hugo**118-137 The optimal growth of the firm in a growing environment***by*Lesourne, Jacques**138-153 Rights exercising and a Pareto-consistent libertarian claim***by*Kelly, Jerry S.**154-167 The effect on optimal consumption of increased uncertainty in labor income in the multiperiod case***by*Miller, Bruce L.

### 1976, Volume 12, Issue 3

**351-364 The optimal development of resource pools***by*Weitzman, Martin L.**365-390 Job search in a dynamic economy***by*Lippman, Steven A. & McCall, John J.**391-401 Integrability implications for locally constant demand elasticities***by*Willig, Robert D.**402-415 General equilibrium with money; Indeterminacy of price level and efficiency***by*Okuno, Masahiro**416-442 Unequal inequalities. I***by*Kolm, Serge-Christophe**443-454 Trader-commodity parity theorems***by*Graham, Daniel A. & Peter Jennergren, L. & Peterson, David W. & Roy Weintraub, E.**455-471 Temporary competitive equilibrium and the existence of self-fulfilling expectations***by*Jordan, J. S.**472-482 Intransitivities in multidimensional voting models and some implications for agenda control***by*McKelvey, Richard D.**483-487 Risk, stochastic preference, and the value of information: A comment***by*Laffont, Jean-Jacques**488-493 Independence of nonfeasible alternatives, and independence of nonoptimal alternatives***by*Karni, Edi & Schmeidler, David**494-495 A note on Shepherd's duality theorem***by*Field, C. A.**496-503 The factor-price frontier and duality with many primary factors***by*Burmeister, Edwin

### 1976, Volume 12, Issue 2

**197-201 Homothetic preferences and community excess demand functions***by*Mantel, Rolf R.**202-217 A law of large numbers in the theory of consumer's choice under uncertainty***by*Yaari, Menahem E.**218-241 An income fluctuation problem***by*Schechtman, Jack**242-258 Public finance in a Keynesian temporary equilibrium***by*Dixit, Avinash**259-272 Democratic preference functions***by*Campbell, Donald E.**273-297 Oligopoly in markets with a continuum of traders: An asymptotic interpretation***by*Ali Khan, M.**298-314 Optimal planning under transaction costs: The demand for money and other assets***by*Harris, Milton**315-324 A model of optimal depletion of renewable resources***by*Sampson, Anthony A.**325-337 A complete characterization of efficiency for a general capital accumulation model***by*Benveniste, Lawrence M.**338-346 Two notes on the malinvaud condition for efficiency of infinite horizon programs***by*Benveniste, Lawrence M.**347-349 A note on the core of an income redistribution game***by*Nakayama, Mikio

### 1976, Volume 12, Issue 1

**1-10 Introduction to Hamiltonian dynamics in economics***by*Cass, David & Shell, Karl**11-30 On optimal steady states of n-sector growth models when utility is discounted***by*Alexandre Scheinkman, Jose**31-70 The structure and stability of competitive dynamical systems***by*Cass, David & Shell, Karl**71-113 Saddle points of Hamiltonian systems in convex Lagrange problems having a nonzero discount rate***by*Tyrrell Rockafellar, R.**114-130 Existence of solutions to Hamiltonian dynamical systems of optimal growth***by*Gaines, R. E.**131-163 A characterization of the normalized restricted profit function***by*Lau, Lawrence J.**164-190 Global asymptotic stability of optimal control systems with applications to the theory of economic growth***by*Brock, William A. & Scheinkman, JoseA.**191-196 A growth property in concave-convex hamiltonian systems***by*Rockafellar, R. T.

### 1975, Volume 11, Issue 3

**315-328 Optimal taxation policies for conservation and recycling***by*Lusky, Rafael**329-339 On optimal growth under uncertainty***by*Mirman, Leonard J. & Zilcha, Itzhak**340-355 Minimal conditions for monotonicity of capital value***by*Sen, Amartya**356-371 Alternative policy rankings in a large, open economy with sector-specific, minimum wages***by*Srinivasan, T. N. & Bhagwati, Jagdish**372-384 An institutionalized Divvy economy***by*Dantzig, George B.**385-393 Necessary and sufficient conditions for transitivity in voting theory***by*Kaneko, Mamoru**394-417 Cooperation versus competition***by*Champsaur, Paul**418-443 On the optimality of equilibrium when the market structure is incomplete***by*Hart, Oliver D.**444-455 Preference relations for rational demand functions***by*Shafer, Wayne J.**456-461 A note on market equilibrium with fixed supply***by*Sandberg, I. W.