Journal Article The Class of Homothetic Isoquant Production Functions: Programming Revisited Get access Berkeley S. Clemhout Berkeley S. Clemhout University of California, Berkeley Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 37, Issue 2, April 1970, Pages 302–303, https://doi.org/10.2307/2296424 Published: 01 April 1970

Journal Article On Rational Entrepreneurial Behaviour and the Demand for Investment Get access A. B. Treadway A. B. Treadway Northwestern University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 36, Issue 2, April 1969, Pages 227–239, https://doi.org/10.2307/2296839 Published: 01 April 1969 Article history Received: 19 February 1968 Revision received: 05 August 1968 Published: 01 April 1969

Journal Article On a Property of Concave Functions Get access B. P. Stigum B. P. Stigum Northwestern University, Evanston, Illinois Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 35, Issue 4, October 1968, Pages 413–416, https://doi.org/10.2307/2296768 Published: 01 October 1968

Family Endowment Reconsidered Get access W. B. Reddaway W. B. Reddaway Cambridge Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 5, Issue 2, February 1938, Pages 123–131, https://doi.org/10.2307/2967526 Published: 01 February 1938

Journal Article A Note on Banking Policy and the Exchanges Get access R. B. Bryce R. B. Bryce Cambridge, Mass Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 4, Issue 3, June 1937, Pages 240–243, https://doi.org/10.2307/2967460 Published: 01 June 1937

This article studies the determinants of college major choice using an experimentally generated panel of beliefs, obtained by providing students with information on the true population distribution of various major-specific characteristics. Students logically revise their beliefs in response to the information, and their subjective beliefs about future major choice are associated with beliefs about their own earnings and ability. We estimate a rich model of college major choice using the panel of beliefs data. While expected earnings and perceived ability are a significant determinant of major choice, heterogeneous tastes are the dominant factor in the choice of major. Analyses that ignore the correlation in tastes with earnings expectations inflate the role of earnings in college major choices. We conclude by computing the welfare gains from the information experiment and find positive average welfare gains.

Externalities between buyers are shown to induce delays in negotiations between a seller and several buyers. Delays arise in a perfect and complete information setting with random matching even when there is no deadline. While with a deadline we identify delays both for positive and negative externalities, without a deadline we find that (1) when externalities are positive, there exists no SPNE in pure strategies with bounded recall that exhibits delay; (2) when externalities are negative, it may happen that all SPNE with bounded recall have the property that long periods of waiting alternate with short periods of activity: This is the cyclical delay phenomenon.

We consider an economy with pure factors of production, private ownership of endowments and constant returns to scale in production. Typically in such an economy, the weak axiom of revealed preference for market demand does not hold. The main reason for this is that the income distribution in such a private ownership economy depends too sensitively on the price system.

Journal Article Social Choice and Individual Ranking I Get access B. Fine, B. Fine Birkbeck College, University of London Search for other works by this author on: Oxford Academic Google Scholar K. Fine K. Fine University of Edinburgh Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 41, Issue 3, July 1974, Pages 303–322, https://doi.org/10.2307/2296751 Published: 01 July 1974