This paper discusses two forecasting experiments involving models of the watermelon market. The first experiment compares the forecasts of an interdependent model estimated by limited information, single equation with those of a model using least squares reduced form. The second experiment compares the forecasts of the interdependent model with those of a causal chain model. It is found that the forecasts of the interdependent model are generally better than those of the alternative models.

I. Introduction, 238. — II. Behavioral assumptions underlying theories of managerial enterprise, 239. — III. Target rate of return pricing as a managerial tool, 244. — IV. Management goals and restraints on managerial autonomy, 248. — V. Implications for the theory of the firm, 253.

Harsanyi [1], after translating Zeuthen's bargaining theory [5, Ch. 4] into modern utility terms, has shown that it implies the same outcome as Nash's theory [4], namely a settlement that maximizes the product of the utility increments of the two parties. In the same paper, Harsanyi also reviewed Hicks's comparable theory [2, pp. 140-45] and found it, understandably, distinctly inferior to Zeuthen's. The context that both Zeuthen and Hicks had in mind was labor-management bargaining, where agreements and conflicts have time dimensions. Specifically in such situations, it will be suggested, it is possible to combine the central conceptions of both Zeuthen and Hicks in a composite theory that is superior to either of the separate ones. To prepare the way for the composite theory's presentation, its components will be briefly summarized.

Thesis (Ph. D.)--Massachusetts Institute of Technology, Dept. of Economics and Social Science, 1962.

L. L. Ecker-Racz, Whither State and Local Finance?, The Journal of Finance, Vol. 19, No. 2, Part 1: Papers and Proceedings of the Twenty-Second Annual Meeting of the American Finance Association, Boston, Massachusetts, December 27-29, 1963 (May, 1964), pp. 370-381

Journal Article The Determinants of Wage Rate Changes and the Inflation-Unemployment Trade-off for the United States Get access G. L. Perry G. L. Perry University of Minesota Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 31, Issue 4, October 1964, Pages 287–308, https://doi.org/10.2307/2295900 Published: 01 October 1964

Abstract The Institute of Certified Public Accountants of Greece was founded in 1955 by Law No. 3329, which established it not only as a professional association, but also as a practicing firm of Public Accountants. The constitution was formed thus in order to raise the standing of the profession in the face of many adverse conditions. The problems of getting the profession started in Greece may be similar to those in various other countries in which the accounting and auditing profession needs a status lift. The purpose of this paper is to give an account of the rather unique manner in which the profession in Greece has been developed. In the opinion of the author of this article, the manner in which the accounting profession in Greece has been developed has many good practical merits. The regulation of the profession in its early stages of growth helps considerably to ensure that high standards of work are maintained. The strength of the profession is obviously enhanced during this period by a Supervisory Council of prominent citizens whose appointment stems from legal decrees. Theoretical education in auditing needs some considerable development.