A preliminary draft of this paper was presented at the Decemnber, 1971 meetings of the Econometric Society. This paper has benefited from the perceptive comments of a number of readers; I am particularly indebted to Ronald Bodkin, Stewart Gillmor, Zvi Griliches, Sherwin Rosen and the referees. Assistance in data compilation was provided by Peter Brubaker, Maureen Donahoe, Charles Eckert, Marshall E. Goldman, Stephen Kalos, Lawrence Kenny, Richard LeClair, and Thurman Northcross. Computations were executed on the Wesleyan University IBM 1130 computer. Research support has been provided by Wesleyan University and National Science Foundation Research Grant GS 2903.

R. C. D'Arge, K. C. Kogiku; Economic Growth and the Environment123, The Review of Economic Studies, Volume 40, Issue 1, 1 January 1973, Pages 61–77, https:

Within the past decade, considerable progress has been made in measuring ex post portfolio performance. The two parameter risk-return dimension of investment performance as pioneered by Markowitz has been reduced to a single parameter which incorporates measures of both risk and return. Several different but related one-parameter measures of performance have been developed, notably by Sharpe [8], Treynor [11], and Jensen [3], and are commonly referred to as composite performance measures. Theoretically, the composite measures allow portfolios with different risks and returns to be compared directly.

The earliest successes in developing asset management theory focusing predominantly on short-term optimization of physical stock flow systems are due to Masse [13]; Arrow, Harris, and Marschak [1]; and Whitin [22]. This led to the development of burgeoning literature on what has come to be known as “inventory theory” followed by its application to cash management problems by Baumol [2]. In contrast to the conventional static analysis of Tobin [19] and Markowitz [12], Baumol's model incorporates what Hicks [11] referred to as “frictions” or the adjustment costs. More recently the pioneering works by Miller and Orr [14] Eppen and Fama [3], Weitzman [20], and Sethi [4] have sought to extend this basic model by incorporating different cash flow and operating cost assumptions.

Journal Article Systematic Job Search and Unemployment Get access S. C. Salop S. C. Salop Board of Governors of the Federal Reserve Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 40, Issue 2, April 1973, Pages 191–201, https://doi.org/10.2307/2296647 Published: 01 April 1973

Journal Article A User Cost Approach to New Automobile Purchases Get access Frank C. Wykoff Frank C. Wykoff Pomona College Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 40, Issue 3, July 1973, Pages 377–390, https://doi.org/10.2307/2296457 Published: 01 July 1973

I. Introduction, 188. — II. The model, 190. — III. Benefit measurement, 194. — IV. Changes in land values and the measurement of benefits, 201. — V. Discussion and interpretation of the basic approach, 203.

I. Brown, Fane, and Medoff, 316. — II. Canterbery and Tuckman, 317. — III. Hochman, Rodgers, and Tullock, 318.

Journal Article Symposium: Time in Economic Life: Foreword Get access T. C. Schelling T. C. Schelling Guest Editor for the Symposium Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 87, Issue 4, November 1973, Pages 627–628, https://doi.org/10.2307/1882029 Published: 01 November 1973

I. The constitutional stage, 61. — II. The parliamentary stage, 64. — III. The allocation of decisions between the constitutional and parliamentary stages, 70. — IV. Summary of the theory, 77. — V. Implications for democratic reforms, 79.