Knowledge that Transforms

In a recent note in this Review [1], R. A. Agnew derives some results about mixtures of normal variables and suggests that his new model may be useful as a representation of observed price series in speculative markets. Although his stability result for mixed normal variates is formally correct, it is somewhat tangential to the issue that is generally discussed as stability, and may therefore need clarification.

Journal Article A Note on “A Four-Flagged Lemma” Get access Karl Vind Karl Vind University of Copenhagen Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 41, Issue 4, October 1974, Page 571, https://doi.org/10.2307/2296707 Published: 01 October 1974

Journal Article The Quantitative Analysis of Distortions in a Simple General Equilibrium Model Get access John Pettengill John Pettengill Massachusetts Institute of Technology Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 41, Issue 1, January 1974, Pages 105–117, https://doi.org/10.2307/2296402 Published: 01 January 1974

Journal Article Liquidity Preference and Risk Aversion with an Exponential Utility Function: Comment Get access G. O. Bierwag G. O. Bierwag University of Oregon Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 41, Issue 2, April 1974, Pages 301–302, https://doi.org/10.2307/2296720 Published: 01 April 1974

Journal Article Derived Demand, Returns to Scale and Stability Get access Michel Andrieu Michel Andrieu Department of Consumer and Corporate Affairs Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 41, Issue 3, July 1974, Pages 405–417, https://doi.org/10.2307/2296758 Published: 01 July 1974

Journal Article Non-linearity and Non-stationarity in Dynamic Econometric Models Get access Roger J. Bowden Roger J. Bowden University of Auckland Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 41, Issue 2, April 1974, Pages 173–179, https://doi.org/10.2307/2296711 Published: 01 April 1974

J. M. Grandmont, A. P. Kirman, W. Neuefeind; A New Approach to the Uniqueness of Equilibrium12, The Review of Economic Studies, Volume 41, Issue 2, 1 April 1974

Many studies of k-class estimators have investigated their distributional properties (see Kadane [4], pp. 723-724 for a useful summary). Here we are concerned with the mathematical analysis of the k-class formulae rather than with their statistical analysis. Other work in this field includes Theil [10], pp. 233-237, Maeshiro [7], Oi [8] and Kadiyala [5]. In this paper we examine how the k-class estimator varies with k. We derive an expression from which the main features of the graph of a k-class estimator may be obtained and show that, except in a subspace of measure zero, the parameter estimates and their asymptotic standard errors become infinite for some value k1 that is common to the parameters of an equation whilst their ratios (the t-ratios) tend to zero.

Journal Article Correct Fixed-capital Replacement in Input-output Growth Models Get access W. F. Gossling W. F. Gossling University of East Anglia and West Virginia University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 41, Issue 4, October 1974, Pages 525–531, https://doi.org/10.2307/2296702 Published: 01 October 1974