Knowledge that Transforms

Journal Article Collective-Consumption Services of Individual-Consumption Goods: Comment Get access Millard F. Long Millard F. Long University of Chicago Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 81, Issue 2, May 1967, Pages 351–352, https://doi.org/10.2307/1879595 Published: 01 May 1967

The Baumol model, 423. — The Tobin model, 427. — Conclusion, 435.

I. Introduction, 658. — II. General methodology, 659. — III. Transformation analysis with fixed coefficient production functions, 663. — IV. Numerical examples with Cobb-Douglas production functions, 666. — V. Conclusions, 673. — Appendix, 674.

I. The problem, 547. — II. Cost of capital: whose opportunity cost? 548. — III. A few formal relationships, 549. — IV. A diagrammatic approach to cost of capital, 552. — V. Transactions costs and taxes in practice, 555. — VI. A few comments on the opportunity loci, 559. — VII. Characteristics of an optimal financial structure, 561. — VIII. The real marginal cost of debt and equity, 564. — IX. A measure of the cost of capital, 567. — X. Capital as a weighted average, 569. — XI. Conclusion, 571. — Appendix A, 571. — Appendix B, 575.

The poverty model, 40. — Farmers, 43. — Families with no one in the labor force, 44. — Education, 46. — Alaska and Hawaii, 47. — Full-time employment, 47. — Industrial structure, 48. — Nonwhites, 51. — Principal component analysis, 52. — Implications, 56.

Time pattern and output per head, 579. — Forward and backward switching of techniques, 580. — Capital and output, 580. — Capital value and switching, 581. — Diagrams, 582. — Input-output relations, 585. — Conclusion, 591.

Journal Article Regional Allocation of Investment: A Further Analysis Get access Akira Takayama Akira Takayama Purdue University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 81, Issue 2, May 1967, Pages 330–337, https://doi.org/10.2307/1879591 Published: 01 May 1967

I. Introduction, 189. — II. An outline of the model, 191. — III. The objective function, 195. — IV. The constraints, 198. — V. The pattern of enrollments and resource use within the educational sector, 203. — VI. The choice of educational techniques, 207. — VII. Optimal total resource use by education, 209. — VIII. The importation of educated labor, 212. — IX. Conclusions, 214.

Introduction, 302. — The learning model, 304. — Demand, cost, and environmental feedback, 307. — Satisficing's convergence to marginalism, 308. — A simple example, 310.

I. A general formulation of the model, 59. — II. The choice of dependent variables, 61. — III. The capital investment equation, 64. — IV. The R & D equation, 71. — V. The advertising equation, 74. — VI. The dividends equation, 75. — VII. An appraisal of the model, 77. — VIII. Policy implications of the results, 81. — IX. Conclusion, 84. — Appendix, 84.