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Dynamics of Waste Accumulation: Disposal Versus Recycling

Vernon L. Smith
Quarterly Journal of Economics 1972 86(4), 600
Introduction, 600. — A model of waste reuse, 601. — Prices in the control model, 605. — Conditions for complete and zero recycling, 607. — Pollution under free competition, 608. — Effects of population, 611. — Interpretation as a waste reduction model, 612. — Material production from natural resources, 612. — Summary and discussion of policy, 614.

Corporate Financial Theory Under Uncertainty

Vernon L. Smith
Quarterly Journal of Economics 1970 84(3), 451
I. Debt versus equity financing, 452: Investor portfolio choice, 454; Fundamental leverage theorem, 456; Leverage as an externality 456; Effect of no default risk: the “homemade leverage theorem,” 457; Corporate management and the capital markets, 458; Corporate capital budgets as a “public good,” 460. — II. The corporate investor: long-, margin-, and short-risk positions, 462. — Appendix: option financing, 467.

Effect of Market Organization on Competitive Equilibrium

Vernon L. Smith
Quarterly Journal of Economics 1964 78(2), 181
I. Introduction, 181. — II. The hypotheses, 183. — III. Subjects and experimental procedure, 184. — IV. Experimental results and classical tests of hypotheses, 187. — V. A. Bayesian subjective probability analysis, 197.— Appendix, 199.

The Theory of Investment and Production

Vernon L. Smith
Quarterly Journal of Economics 1959 73(1), 61
I. Introduction, contributions to investment theory, 61. — II. Capital inputs in production theory, 62. — III. Production, using capital goods, with a fixed replacement policy, 66. — IV. Replacement theory, 72. — V. A theory of investment, replacement, and production, 77. — VI. “Overcapacity” and the dynamics of production, 80.— VII. Investment demand and the “acceleration principle,” 83. — VIII. Summary, 86.

Intertemporal Competitive Equilibrium: An Empirical Study of Speculation

Ross M. Miller; Charles R. Plott; Vernon L. Smith
Quarterly Journal of Economics 1977 91(4), 599
Theory and hypotheses, 600.—Subjects and experimental design, 601.—Experimental results, 605.—Concluding remarks, 610.—Appendix 1: Instructions for market experiment 1, 610.—Appendix 2: Instructions, 615.—Appendix 3: Subject index and limit prices, 618.—Appendix 4: Contracts in experiment 1, and bids, offers, and contracts for experiment 2, 619.