Journal Article Tax Policy, Corporate Saving and Investment Behaviour in Britain Get access M. S. Feldstein, M. S. Feldstein Harvard University Search for other works by this author on: Oxford Academic Google Scholar J. S. Flemming J. S. Flemming Nuffield College, Oxford Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 38, Issue 4, October 1971, Pages 415–434, https://doi.org/10.2307/2296687 Published: 01 October 1971

The purpose of this study is to analyze the behavior of the cost of equity capital in the commercial banks by looking at whether there exists an optimal composition of the bank “fund structure” that would maximize bank earnings through the minimization of its cost of funds. The analysis should give an approximate cut-off point for testing such projects as “checking plus, ” checkless payment systems, etc.

Investment literature, particularly materials made available to investors by financial magazines, brokerage houses, and investment services, places a great deal of stress upon analysis of investment opportunities by industry groups. Examples are industry analyses, such as those of Forbes and Financial Analysts Journal, as well as the industry segregations of popular services such as Value Line, Standard & Poor's and Moody's.

Journal Article Simultaneous Estimation Methods for Large- and Medium-size Econometric Models Get access G. S. Maddala G. S. Maddala University of Rochester Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 38, Issue 4, October 1971, Pages 435–445, https://doi.org/10.2307/2296688 Published: 01 October 1971

C-V-P Analysis, Uncertainty, Cost-volume-product Analysis, Volume changes

I. An overview of the Medicare model, 4.—II. Supplementary medical insurance, 5.—III. Hospital admissions, 8.—IV. Extended care unit admissions, 11.—V. Hospital insurance benefits per hospital episode (HIBPHE), 12.—VI. Supplementary insurance benefits, 15.—VII. The reduced form of the Medicare system, 16.—VIII. Concluding remarks, 19.

I. Introduction, 667. — II. Assumptions and a review of the market equilibrium model, 668. — III. Consumption and investment decisions jointly considered, 672. — IV. General equilibrium in a pure exchange economy, 676. — V. Productive activities by firms, 679. — VI. Conclusions, 682.

Journal Article Stochastic Stability of Short-Run Market Equilibrium: A Comment Get access Nagesh S. Revankar Nagesh S. Revankar State University of New York at Buffalo Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 85, Issue 4, November 1971, Pages 724–727, https://doi.org/10.2307/1882279 Published: 01 November 1971

[It is shown that single-peaked, continuous utility functions do not, in general,aggregate in majority voting to a continuous social utility function. Conditions on individual preference orderings to guarantee a continuous social utility function are presented for a simple case.]

[We introduce and analyze a class of variable elasticity of substitution (VES) production functions for which the substitution parameter varies linearly with the capital-labor ratio around the intercept term of unity. The VES function contains as special cases the more important special cases of the well known CES function. In terms of some familiar economic relationships, the VES posits a linear view of the world in contrast to the log-linear view posited by the CES function.]