Journal Article Instrumental Variable Estimation of a Characteristics Model of Demand Get access S. E. Pudney S. E. Pudney London School of Economics Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 48, Issue 3, July 1981, Pages 417–433, https://doi.org/10.2307/2297155 Published: 01 July 1981 Article history Received: 01 May 1980 Accepted: 01 February 1981 Published: 01 July 1981
Yoshifumi Fujigaki, Kimitoshi Sato; Incentives in the Generalized MDP Procedure for the Provision of Public Goods, The Review of Economic Studies, Volume 48, Is
Journal Article On the Local Uniqueness of the Fixed Price Equilibria Get access Guy Laroque Guy Laroque Institut National de la Statistique et des Etudes Economiques Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 48, Issue 1, January 1981, Pages 113–129, https://doi.org/10.2307/2297124 Published: 01 January 1981 Article history Received: 01 May 1978 Accepted: 01 May 1980 Published: 01 January 1981
Journal Article Linear Aggregation in Neoclassical Labour Supply Get access John Muellbauer John Muellbauer Birkbeck College Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 48, Issue 1, January 1981, Pages 21–36, https://doi.org/10.2307/2297118 Published: 01 January 1981 Article history Received: 01 October 1977 Accepted: 01 March 1980 Published: 01 January 1981
The competitive or Walrasian equilibrium has a well-known stability property-every Walras allocation belongs to the core of the economy. In an earlier paper (Gale, 1978) analogous results were shown to hold in a sequence economy with money. One of the limitations of that paper was the assumption of a complete set of securities. The extension of these results to an economy with only one asset (money) and several states of nature turns out to be frought with difficulty. The equilibrium in this case is highly unstable. Unless some quite unacceptable restrictions are imposed, there will always exist a group of consumers who can make themselves better off than they would be in equilibrium. The intractability of the problem casts doubt on the whole Edgeworthian programme of modelling market equilibrium as the outcome of a cooperative game. Consider a pure exchange economy in which there are two dates, indexed t = 0, 1, but no uncertainty. At each date a single consumption good is available. The economy comprises two consumers, A and B, who have identical tastes but different endowments. Their preferences are described by the utility function u(x) = [x ]2+[x']2 (X E R+) where xt denotes consumption at date t. Their endowments are described by the ordered pairs
Journal Article Rawls' Maximin Criterion and Time Consistency: A Generalization Get access Alvaro Rodriguez Alvaro Rodriguez New York University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 48, Issue 4, October 1981, Pages 599–605, https://doi.org/10.2307/2297199 Published: 01 October 1981 Article history Received: 01 February 1981 Accepted: 01 July 1981 Published: 01 October 1981
Journal Article On the Ricardian Theory of Value: A Note Get access Luigi L. Pasinetti Luigi L. Pasinetti Università Cattolica, Milan Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 48, Issue 4, October 1981, Pages 673–675, https://doi.org/10.2307/2297210 Published: 01 October 1981 Article history Received: 01 April 1981 Accepted: 01 July 1981 Published: 01 October 1981
P. K. Trivedi, B. M. S. Lee; Seasonal Variability in a Distributed Lag Model, The Review of Economic Studies, Volume 48, Issue 3, 1 July 1981, Pages 497–505, ht
Journal Article Jobs as Dam Sites Get access George A. Akerlof George A. Akerlof London School of Economics Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 48, Issue 1, January 1981, Pages 37–49, https://doi.org/10.2307/2297119 Published: 01 January 1981 Article history Received: 01 July 1978 Accepted: 01 August 1980 Published: 01 January 1981