I. The basic choice situation, 622. — II. Specification of the probabilistic elements of the problem, 624. — III. Optimal enlistment strategies, 626. — IV. The effect of variations in transition rates on the optimal strategy, 629. — V. Uncertainty cost, 632. — VI. Temporary deferments, 634. — VII. Deferment as the subject of strategy, 635. — VIII. Possible empirical application, 636. — IX. Summary and concluding remarks, 637.

David F. Bradford, Harry H. Kelejian; The Value of Information for Crop Forecasting in a Market System: Some Theoretical Issues, The Review of Economic Stu

Interrelated city-suburbs residential-location equations for middle- and upper-income-class families and for poor families are estimated using cross-sectional data on 87 large metropolitan areas in 1960. We find that residential-location decisions of middle- and upper-income-class families are determined, among other things, by the city-suburbs rent differentials, by fiscal surplus differentials, and (negatively) by the location of poor families; additional hypotheses concerning interactions with family income were suggested and statistically accepted. The location equations for the poor families involved cost and fiscal differentials and a proxy variable for employment opportunities.

I. The analytic framework, 418. — II. Revenue sharing in a Lindahl model, 420. — III. Revenue sharing and majority rule, 423. — IV. Revenue sharing in a more general framework, 426. — V. When revenue sharing differs from income redistribution, 430. — VI. A system with many clubs, 432. — VII. Concluding remarks, 434. — Appendix: A general theorem, 435.