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Appendix: Plan of Tax Reform in Prussia
1974 LIFO Excess Stock Return and Analyst Forecast Error Anomalies Revisited
Investor sophistication, Analyst forecasts, Analyst forecast error, LIFO adoption
Resolving LIFO Uncertainty: A Theoretical and Empirical Reexamination of 1974-75 LIFO Adoptions and Nonadoptions
Inventory valuation, Accounting methods, LIFO adoption, Uncertainty
The Mechanism of Economic Systems, An Approach to the Problem of Economic Stabilisation from the Point of View of Control-System Engineering
Keynesian Economics
Down and Out in North America: Recent Trends in Poverty Rates in the United States and Canada
This paper examines why Canadian poverty rates fell relative to U. S. poverty rates during the periods 1970–1979 and 1979–1986. During the 1970s the principal reason for declining Canadian poverty rates is higher economic growth. During the 1980s, however, differences in government transfer policy are the main cause of relative poverty change in the two countries. Virtually all of the 3.3 point fall in relative Canadian/U.S. poverty rates from 1979 to 1986 can be attributed to expansions in the Canadian transfer system and simultaneous contractions in U. S. transfers.
Multiperiod Decision Models with Alternating Choice as a Solution to the Duopoly Problem
Introduction, 410. — Single-period versus multiperiod decision making, 411. — Simultaneous choice in a multiperiod process, 413. — Alternating choice in a multiperiod process, 416. — The method of backward induction, 417.— General quadratic profit functions, 420. — Reduced quadratic profit functions, 422. — Asymptotic results, 425. — The cost of competition and the benefits of trust, 427. — Conclusion, 428.
[Satisfactory Profits as a Guide to Firm Behavior]: Reply
Organizational Factors in the Theory of Oligopoly
Introduction, 44. — I. Motivational assumptions, 46. — II. The planning process, 49. — III. Organizational slack, 53. — IV. Empirical relevance, 55. — V. Theoretical relevance, 58. — VI. Summary, 62.