# Elsevier

# Journal of Economic Theory

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**Series handle:**repec:eee:jetheo

**ISSN:**0022-0531

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### August 1974, Volume 8, Issue 4

### July 1974, Volume 8, Issue 3

**259-291 Economies of scale and equilibria in coalition production economies***by*Sondermann, Dieter**292-304 Equivalence of the weak and strong axioms of revealed preference without demand continuity assumptions: A "regularity condition" approach***by*Sakai, Yasuhiro**305-336 Continuous and smooth consumers: Approximation theorems***by*Mas-Colell, Andreu**337-360 Increases in risk and in risk aversion***by*Diamond, Peter A. & Stiglitz, Joseph E.**361-388 Risk aversion with many commodities***by*Kihlstrom, Richard E. & Mirman, Leonard J.**389-396 The knowledge revealed by an allocation process and the informational size of the message space***by*Reiter, Stanley**397-400 A note on the three Hicksian laws of comparative statics for the gross substitute case***by*Chitre, Vikas

### June 1974, Volume 8, Issue 2

**101-110 Homothetic production functions and the shape of the production possibility locus***by*Mayer, Wolfgang**111-138 Housing unit maintenance and the mode of tenure***by*Sweeney, James L.**139-148 Optimal capital adjustment under uncertainty***by*Norstrom, Carl J.**149-160 Necessity conditions in voting theory***by*Kelly, Jerry S.**161-192 The informational size of message spaces***by*Mount, Kenneth & Reiter, Stanley**193-205 Informational efficiency of iterative processes and the size of message spaces***by*Reiter, Stanley**206-224 Stability of sincere voting under some classes of non-binary group decision procedures***by*Pattanaik, Prasanta K.**225-234 Free access vs private ownership as alternative systems for managing common property***by*Weitzman, Martin L.**235-247 Necessary and sufficient conditions for existence of an optimal portfolio***by*Bertsekas, Dimitri P.**248-258 Some comparative-statics results for nonlinear input-output models of a multisectored economy, and related results for nonlinear price-demand relations***by*Sandberg, I. W.

### May 1974, Volume 8, Issue 1

**1-25 A proof of the existence of a general equilibrium with ad valorem commodity taxes***by*Shoven, John B.**26-38 Homothetic preferences and aggregation***by*Chipman, John S.**39-49 Notes on the Volterra-Quadratic fishery***by*Neher, Philip A.**50-63 Resource allocation in a general equilibrium model of production under uncertainty***by*Batra, Raveendra N.**64-84 Risk, stochastic preference, and the value of information***by*Gould, John P.**85-99 Majority voting on risky investments***by*Fishburn, Peter C.

### April 1974, Volume 7, Issue 4

**355-369 Efficient programs in infinite dimensional spaces: A complete characterization***by*Majumdar, Mukul**370-387 Informational properties of the Nash solutions of two stochastic nonzero-sum games***by*Basar, Tamer & Ho, Yu-Chi**388-410 A Pareto-consistent libertarian claim***by*Gibbard, Allan**411-417 Environmental controls and economic growth***by*Converse, Alvin O.**418-452 Equilibrium with transaction cost and money in a single market exchange economy***by*Kurz, Mordecai**453-466 Formation of cartels in large markets***by*Hart, Sergiu

### March 1974, Volume 7, Issue 3

**231-240 Diversification of interdependent prospects***by*Hadar, Josef & Russell, William R.**241-253 A low mobility model of wage discrimination--With special reference to sex differentials***by*Gordon, Nancy M. & Morton, Thomas E.**254-271 Alcoa revisited: The welfare implications of a secondhand market***by*Gaskins, Darius Jr.**272-295 Duality: A symmetric approach from the economist's vantage point***by*Cass, David**296-332 Competitive and optimal responses to signals: An analysis of efficiency and distribution***by*Spence, Michael**333-347 A model of work effort and productive consumption***by*Stafford, Frank P. & Cohen, Malcolm S.**348-353 On the characterization of aggregate excess demand***by*Mantel, Rolf R.

### February 1974, Volume 7, Issue 2

**129-142 Toward multivariate efficiency criteria***by*Levy, Haim & Paroush, Jacob**143-158 Convex stochastic dominance with continuous distribution functions***by*Fishburn, Peter C.**159-172 A revision of comparative statics methodology in economics, or, how to do comparative statics on the back of an envelope***by*Silberberg, Eugene**173-187 The non-pareto efficiency of initial allocation of commodities and monetary equilibrium: An inside money economy***by*Hayashi, Toshihiko**188-209 Equilibrium search and unemployment***by*Lucas, Robert Jr. & Prescott, Edward C.**210-223 Toward an economic model of the teaching hospital***by*Dusansky, R. & Kalman, P. J.**224-229 Optimal programs of capital accumulation under exogenous embodied technical change***by*Goldar, Bishwanath

### January 1974, Volume 7, Issue 1

**1-16 Monopolistic equilibrium, non-convexity and inverse demand***by*FitzRoy, Felix R.**17-39 The globally optimal flexible accelerator***by*Treadway, Arthur B.**40-52 A global non-linear extension of the Le Chatelier-Samuelson Principle for linear Leontief models***by*Sandberg, I. W.**53-65 Uniqueness of the price level in monetary growth models with rational expectations***by*Black, Fischer**66-92 Optimal development programs under uncertainty: The undiscounted case***by*Jeanjean, Patrick**93-108 The holding of money balances in general equilibrium***by*Heller, Walter Perrin**109-114 A general theorem on uniform versus differentiated tax-subsidy structure***by*Ray, Alok**115-121 Non-optimality of the myopic decision rule: The case of a two-sector open economy***by*Biswas, Tapan**122-124 Note on optimal steady states***by*Lachmann, Werner**125-128 A note on rent and the Coase theorem***by*Shapiro, David L.

### December 1973, Volume 6, Issue 6

**527-545 Growth cycles and inflation in a model of the class struggle***by*Desai, Meghnad**546-557 Market structure and monopoly profits: A dynamic theory***by*Prescott, Edward C.**558-574 On the stability of sincere voting situations***by*Pattanaik, Prasanta K.**575-581 Increasing risk and nonseparable utility functions***by*Betancourt, Roger R.**582-584 The optimum population and growth: A further look***by*Sandler, Todd & Hogan, Timothy D.**585-595 Localized technical progress and transfer of technology and economic development***by*Lapan, Harvey & Bardhan, Pranab**596-605 Concavity and quasiconcavity in economics***by*Ginsberg, William**606-613 Limitations of the "Coase theorem" on liability rules***by*Inada, Ken-Ichi & Kuga, Kiyoshi**614-617 A utility function for wealth for a risk-averter***by*Sankar, U.**618-620 Price variation duopoly with differentiated products: A note***by*Douglas, Evan J.

### October 1973, Volume 6, Issue 5

**415-445 Competitive equilibria with infinitely many commodities (II)***by*Stigum, Bernt P.**446-470 Stability and competitive equilibrium in two models of search and individual price adjustment***by*Fisher, Franklin M.**471-482 "Gammaville": An optimal town***by*Riley, John G.**483-494 Price characterization of stable allocations in exchange economies with externalities***by*Borglin, Anders**495-507 Impatience and the preference for advancement in the timing of satisfactions***by*Stuart Burness, H.**508-514 Crime and "punishment": Risk implications***by*Brown, William W. & Reynolds, Morgan O.**515-519 Lancaster's version of the Walras-Wald model***by*Womer, Norman K.**520-524 Period analysis and continuous analysis in Patinkin's macroeconomic model--A critical note***by*Chand, Sheetal

### August 1973, Volume 6, Issue 4

**321-344 Wage differentials in a dynamic theory of the firm***by*Salop, S. C.**345-354 Do Walras' identity and continuity characterize the class of community excess demand functions?***by*Sonnenschein, Hugo**355-381 Existence of Lindahl equilibrium with a measure space of consumers***by*Roberts, Donald John**382-395 Money in the pure consumption loan model***by*Grandmont, Jean-Michel & Laroque, Guy**396-398 Properties of functions which are solutions to maximization problems***by*Cox, James C.**399-403 On input-output multipliers with errors in input-output coefficients***by*Park, Se-Hark**404-408 Pricing and taxation in a Marxian two-sector model: A brief reflection***by*Szeplaki, Leslie**409-412 On cores and equilibria of productive economies with a measure space of consumers: An example***by*Boehm, Volker

### June 1973, Volume 6, Issue 3

**219-242 The steady state behavior of a class of one sector growth models with uncertain technology***by*Mirman, Leonard J.**243-264 A simple majority rule on the distribution of income***by*Hamada, Koichi**265-283 Comparative dynamics (sensitivity analysis) in optimal control theory***by*Oniki, Hajime**284-316 Functional forms for profit and transformation functions***by*Diewert, W. E.**317-319 Approximation scheme for evaluating some terminal capital stock***by*Aoki, Masanao

### April 1973, Volume 6, Issue 2

**107-125 On optimal delivery lags***by*Maccini, Louis J.**126-143 Basic theoretical issues of resource depletion***by*Vousden, Neil**144-161 Optimum city size: A minimum congestion cost approach***by*Livesey, D. A.**162-179 Effects of congestion on the shape of a city***by*Legey, L. & Ripper, M. & Varaiya, P.**180-187 Notes on the measurement of inequality***by*Dasgupta, Partha & Sen, Amartya & Starrett, David**188-204 Some further results on the measurement of inequality***by*Rothschild, Michael & Stiglitz, Joseph E.**205-209 Demand elasticity, product differentiation, and market structure***by*McKean, J. R. & Peterson, R. D.**210-212 A theorem on additively-separable, quasi-concave functions***by*Cox, James C.

### February 1973, Volume 6, Issue 1

**1-11 Disadvantageous monopolies***by*Aumann, Robert J.**12-36 Pure exchange equilibrium of dynamic economic models***by*Gale, David**37-67 Random exchange economies***by*Bhattacharya, Rabindra Nath & Majumdar, Mukul**68-90 Optimal stationary consumption with stochastic production and resources***by*Radner, Roy**91-93 Externalities and the basic theorems of welfare economics: A supplementary note***by*Osana, Hiroaki**94-95 The optimum population and growth: A closer look***by*Pitchford, J. D.**96-106 On optimum taxation***by*Hahn, Frank H.

### December 1972, Volume 5, Issue 3

**308-335 Consumption decisions under uncertainty***by*Dreze, Jacques H. & Modigliani, Franco**336-347 The real balance effect and the traditional theory of consumer behavior: A reconciliation***by*Dusansky, Richard & Kalman, Peter J.**348-376 On models of expectations that arise from maximizing behavior of economic agents over time***by*Brock, William A.**377-382 On the social welfare function and the parameters of income distribution***by*Kats, Amoz**383-394 Simple and general nonsubstitution theorems for input-output models***by*Johansen, Leif**395-418 Markets in licenses and efficient pollution control programs***by*Montgomery, W. David**419-477 Theory of value with public goods: A survey article***by*Milleron, Jean-Claude**478-486 Social choice theory without the Pareto Principle***by*Wilson, Robert**487-523 On the definition and computation of a capital stock invariant under optimization***by*Hansen, Terje & Koopmans, Tjalling C.**524-536 Multiperiod monopoly under uncertainty***by*Zabel, Edward**537-539 A note on the optimal control of pollution***by*Forster, Bruce A.**540-541 Note on land use in a long narrow city***by*Hochman, Oded & Pines, David

### October 1972, Volume 5, Issue 2

**177-188 Optima and market equilibria with indivisible commodities***by*Emmerson, Richard D.**189-207 Lotteries and social choices***by*Fishburn, Peter C.**208-223 The case of the vanishing Slutsky matrix***by*Afriat, S. N.**224-249 Approximate equilibrium in economies with indivisible commodities***by*Broome, John**250-257 Hyperinflation and the rate of growth in the money supply***by*Goldman, Steven M.**258-266 The effects of price and cost uncertainty on investment***by*Hartman, Richard**267-277 Arrow's theorem, many agents, and invisible dictators***by*Kirman, Alan P. & Sondermann, Dieter**278-279 The optimum population and growth: Comment***by*Russell, R. Robert**280-284 The optimum population and growth: Reply***by*Votey, Harold Jr.**285-291 An alternative proof of the Frobenius theorem***by*Murata, Yasuo**292-302 Conjugate duality: Some applications to economic theory***by*Beckmann, Martin J. & Kapur, Kailash C.**303-305 Concentration and the growth of market demand: a comment on Gaskins limit pricing model***by*Ireland, N. J.**306-306 Addendum to "increasing risk: I. A definition"***by*Rothschild, Michael & Stiglitz, Joseph E.

### August 1972, Volume 5, Issue 1

**1-13 Some general theorems on efficiency prices with an infinite-dimensional commodity space***by*Majumdar, Mukul**14-20 The game-theoretic structure of Arrow's general possibility theorem***by*Wilson, Robert**21-41 The importance of malleable capital in optimal growth models***by*Newbery, David**42-68 Balanced growth under uncertainty***by*Stigum, Bernt P.**69-78 Money, public expenditure and labor supply***by*Phelps, Edmund S.**79-87 Social homogeneity and the probability of intransitive majority rule***by*Jamison, Dean & Luce, Edward**88-101 Cooperative games in effectiveness form***by*Rosenthal, Robert W.**102-120 The general saddlepoint property of optimal-control motions***by*Samuelson, Paul A.**121-151 Optimal economic growth and stationary ordinal utility --A fisherian approach***by*Iwai, Katsuhito**152-162 Continuity of the equilibrium-set correspondence***by*Hildenbrand, Kurt**163-169 The measurement of inequality***by*Allingham, M. G.**170-173 An expository note on the uniqueness of exchange equilibrium***by*Frevert, Peter W.**174-176 On continuous utility***by*Neuefeind, Wilhelm

### June 1972, Volume 4, Issue 3

**355-371 Monopoly theory in general equilibrium and the two-sector model of economic growth***by*Batra, Raveendra N.**372-380 General equilibrium theory with complementary factors***by*Rader, Trout**381-400 Oligopoly "A la cournot" in a general equilibrium analysis***by*Jaskold Gabszewicz, Jean & Vial, Jean-Philippe**401-414 Externalities and the basic theorems of welfare economics***by*Osana, Hiroaki**415-441 Allocation of resources in a team***by*Groves, Theodore & Radner, Roy**442-457 On complementarity and stability***by*Mukherji, Anjan**458-464 On Shephard's duality theorem***by*Jacobsen, S. E.**465-478 Transactions with set-up costs***by*Heller, Walter Perrin**479-513 Optimal economic growth and uncertainty: The discounted case***by*Brock, William A. & Mirman, Leonard J.**514-540 Existence of equilibria in economies with infinitely many commodities***by*Bewley, Truman F.**541-544 Olech's theorem and the dynamic stability of theories of the rate of interest***by*Garcia, Gillian**545-551 Differential equations with discontinuous right-hand side for planning procedures***by*Henry, Claude**552-556 The adjustment speed of neoclassical growth models***by*Williams, R. L. & Crouch, R. L.

### April 1972, Volume 4, Issue 2

**103-124 Expectations and the neutrality of money***by*Lucas, Robert Jr.**125-131 Lagrange multiplier values at constrained optima***by*Zajac, E. E.**132-143 On the inequitable nature of core allocations***by*Green, Jerry R.**144-153 Nonvoting and the existence of equilibrium under majority rule***by*Hinich, Melvin J. & Ledyard, John O. & Ordeshook, Peter C.**154-173 The optimal size of market areas***by*Stern, Nicholas**174-179 The optimal structure of market areas***by*Bollobas, Bela & Stern, Nicholas**180-199 Fundamental nonconvexities in the theory of externalities***by*Starrett, David A.**200-223 On capital overaccumulation in the aggregative, neoclassical model of economic growth: A complete characterization***by*Cass, David**224-240 Distinguishing inefficient competitive growth paths: A note on capital overaccumulation and rapidly diminishing future value of consumption in a fairly general model of capitalistic production***by*Cass, David**241-255 The core and the Lindahl equilibrium of an economy with a public good: an example***by*Muench, Thomas J.**256-267 Optimal growth when the stock of resources is finite and depletable***by*Anderson, Kent P.**268-288 Fairly good plans***by*Mirrlees, J. A. & Stern, N. H.**289-311 Money, income, wealth, and welfare***by*Fischer, Stanley**312-328 The allocation of individual risks in large markets***by*Malinvaud, E.**329-354 A restatement of Beckmann's model on the distribution of urban rent and residential density***by*Montesano, Aldo

### February 1972, Volume 4, Issue 1

**1-18 Collusion of factor owners and distribution of social output***by*Hansen, Terje & Jaskold-Gabszewicz, Jean**19-34 The optimal control of pollution***by*Keeler, Emmett & Spence, Michael & Zeckhauser, Richard**35-44 On the existence of optimal policies under uncertainty***by*Leland, Hayne E.**45-57 Continuity properties of a von Neumann-Morgenstern utility***by*Grandmont, Jean-Michel**58-71 Optimal macroeconomic policy adjustment under conditions of risk***by*Henderson, Dale W. & Turnovsky, Stephen J.**72-81 The rate of technical progress: The "indianapolis 500"***by*Barzel, Yoram**82-87 Gross substitutes and the utility function***by*Fisher, Franklin M.**88-93 On stability in the saddle-point sense***by*Levhari, David & Liviatan, Nissan**94-97 A location theorem for single-peaked preferences***by*Fishburn, Peter C.**98-100 Relation between a social welfare function and the gini index of income inequality***by*Sheshinski, Eytan**101-102 Comment on homogeneous production functions***by*Shephard, Ronald W.

### December 1971, Volume 3, Issue 4

**345-372 Notes on endogenous change of tastes***by*von Weizsacker, Carl Christian**373-413 Optimum consumption and portfolio rules in a continuous-time model***by*Merton, Robert C.**414-429 Random preferences and equilibrium analysis***by*Hildenbrand, Werner**430-447 Land use in a long narrow city***by*Solow, Robert M. & Vickrey, William S.

### September 1971, Volume 3, Issue 3

**219-240 On the management of public monopolies subject to budgetary constraints***by*Boiteux, M.**241-253 Optimal inventory and capital policy under certainty***by*Martirena-Mantel, Ana M.**254-271 Stable coalition proposals in majority-rule voting***by*Wilson, Robert**272-287 Interfirm learning and the kinked demand curve***by*Cyert, Richard M. & DeGroot, Morris H.**288-305 Stochastic dominance and diversification***by*Hadar, Josef & Russell, William R.**306-322 Dynamic limit pricing: Optimal pricing under threat of entry***by*Gaskins, Darius Jr.**323-334 Coalitions, core, and competition***by*Richter, Marcel K.**335-340 The correspondence principle and distributed lags***by*Benavie, Arthur**341-344 Footnotes to marcel Boiteux's value-constrained second best***by*Kolm, Serge-Christophe

### June 1971, Volume 3, Issue 2

**109-133 Risk and the competitive firm***by*Zabel, Edward**134-145 On Ricardo's problem***by*Case, J.**146-155 The le chatelier principle as a corollary to a generalized envelope theorem***by*Silberberg, Eugene**156-168 A model of price adjustment***by*Diamond, Peter A.**169-181 On the existence of a coopertive solution for a general class of N-person games***by*Scarf, Herbert E.**182-188 External economies and cores***by*Rosenthal, Robert W.**189-198 Learning by doing and occupational specialization***by*Weiss, Yoram**199-206 Conjunctive effects on economies of scale and rate structures in establishing the geographical milk supply area of the plant***by*Kenneth DeHaven, R.**207-214 Sufficient conditions in optimal control theory***by*Kamien, Morton I. & Schwartz, Nancy L.**215-218 A secular theory of inflation: A comment***by*Carlson, John A.

### March 1971, Volume 3, Issue 1

**1-22 An existence theorem for the second best***by*Sontheimer, Kevin C.