Journal Article Prices and the Turnpike: II. Proof of a Turnpike Theorem: The "No Joint Production" Case Get access M. Morishima M. Morishima Osaka, Japan Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 28, Issue 2, February 1961, Pages 89–97, https://doi.org/10.2307/2295706 Published: 01 February 1961

The Stability of the Cournot Oligopoly Solution: The Effects of Speeds of Adjustment and Increasing Marginal Costs Get access Franklin M. Fisher Franklin M. Fisher Cambridge, Mass Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 28, Issue 2, February 1961, Pages 125–135, https://doi.org/10.2307/2295710 Published: 01 February 1961

Journal Article Note on Uzawa's Two-Sector Model of Economic Growth Get access Robert M. Solow Robert M. Solow Cambridge, Mass. Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 29, Issue 1, October 1961, Pages 48–50, https://doi.org/10.2307/2296181 Published: 01 October 1961

M. McManus, Richard E. Quandt; Comments on the Stability of the Cournot Oligipoly Model, The Review of Economic Studies, Volume 28, Issue 2, 1 February 196

I. Introduction, 16. — II. “Administered prices,” 18. — III. The problem in steel, 20. — IV. Interdependence of costs and prices, 21. — V. Price determination in steel, 23. — VI. The crisis of 1959, 29. — VII. Public policy, 35. — Epilogue, 38.

Journal Article Steel, Administered Prices and Inflation: Reply Get access M. A. Adelman M. A. Adelman Massachusetts Institute of Technology Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 75, Issue 3, August 1961, Page 500, https://doi.org/10.2307/1885138 Published: 01 August 1961

This paper considers the problem of criteria for the identifiability of a structural equation which is one of a set of equations linear in the parameters but not in the variables. The criteria are developed in terms of parameter restrictions of the rank condition type. By expansion in Taylor's series and combination with the results of Fisher [2], these results can be easily extended to far more general nonlinear systems. THE USUAL treatment of identifiability criteria is one of linear structures and homogeneous linear restrictions on the coefficients of a single structural equation.2 Recently, I generalized this to the case where restrictions on such coefficients merely have continuous first derivatives; however, it was still the case that only linear structural equations were considered.3 While Anderson and Rubin showed how to obtain limited information, maximum likelihood estimates for the parameters of a linear equation which is part of a nonlinear system and have shown that such estimates have the usual consistency properties,4 they assumed that the equation in question was identifiable under coefficient restrictions of the usual type and did not consider the prior question of the application of the rank and order conditions for identifiability to nonlinear systems.5 This paper considers that question explicitly for a restricted (but highly important) class of nonlinear systems, namely, for systems linear in the unknown coefficients and in the residuals, but not necessarily linear in the variables. Extension to far more general nonlinear cases can be readily accomplished by expansion in Taylor series in the parameters and combina

W HILE we can as yet do little to change the weather, we can nevertheless use weather variations to explain an occasional economic phenomenon. Considerable work has already been done on the connection between weather and the use of specific fuels in specific areas.' Recently, J. R. N. Stone and D. A. Rowe have related quarterly averages of temperature, rainfall, and sunshine to English consumption of fuel and light, entertainment, and beer.2 The present paper describes how year-to-year variations in winter temperatures seem to affect United States demand for all space-heating fuel combined. These temperature changes, it turns out, are of less importance than personal income in explaining the long-run trend in space-heat demand, though they are of considerable significance in explaining year-to-year variations. In general the demand equation obtained from I935-40, I946-Si data fits actual consumption well; the difference between actual and calculated consumption for I942-45 gives some notion of the relative unimportance of wartime fuel scarcity in the United States; and the predicted values for the years I952-59 differ from the actual values by an average of only i.6 per cent.