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

[The paper discusses the problem of pooling cross-section and time-series data in the framework of likelihood functions and the associated posterior distributions and shows how this analysis can be useful in deciding whether or not to pool.]

[Programming theory is treated initially without any assumptions about the functions and with interpretation for production and activity analysis. By proof of a general theorem about optimal and support solutions and subsequent introduction of convexity assumptions, a new method for obtaining standard propositions and an amplification of their content becomes possible. Properties entirely peculiar to linear problems are noted. Two "shadow price" interpretations are discussed, one being the standard one in which support solutions appear as prices in a fictitious market. Consideration is also given to the law of diminishing returns. Finally, vector output, with emphasis on a concept of irreducible limit output, is treated.]