Knowledge that Transforms

Existence and characterization of optimal growth paths including models with non-convexities in utilities and technologies.

Richard K. Anderson, Akira Takayama; Tariffs, The Terms of Trade and Domestic Prices in a Monetary Economy: A Further Analysis, The Review of Economic Stud

Journal Article A Note on Weak Separability Get access F. P. Murphy F. P. Murphy Trinity College, Cambridge Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 48, Issue 4, October 1981, Pages 671–672, https://doi.org/10.2307/2297209 Published: 01 October 1981 Article history Received: 01 August 1980 Accepted: 01 July 1981 Published: 01 October 1981

Stiglitz (1974) examines the implications of introducing exhaustible natural resources as an essential factor of production in the standard neoclassical growth model with constant rate of population growth. He shows that, if a steady-state solution exists, it is a saddle-point. Hence, exhaustible resources have the effect of making an otherwise stable system highly unstable. In the present paper I argue that the assumption of a constant rate of population growth is implausible in an economy constrained by exhaustible resources, and examine the implications of making the population growth rate a function of consumption and capital per capita. This simple modification alters the characteristics of the steady state in a number of interesting ways. In particular, it turns out that the steady state is stable for a range of values of the saving/income ratio.

Journal Article Corporate Tax Policy and the Service Life of Capital Equipment Get access James M. Malcomson James M. Malcomson University of York Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 48, Issue 2, April 1981, Pages 311–316, https://doi.org/10.2307/2296887 Published: 01 April 1981 Article history Received: 01 July 1978 Accepted: 01 September 1980 Published: 01 April 1981

Journal Article Estimating Input Demand Equations by Direct and Indirect Methods Get access H. R. Wills H. R. Wills London School of Economics Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 48, Issue 2, April 1981, Pages 255–270, https://doi.org/10.2307/2296883 Published: 01 April 1981 Article history Received: 01 January 1979 Accepted: 01 November 1980 Published: 01 April 1981

Journal Article Efficiency, Weak Value Maximality and Weak Value Optimality in a Multisector Model Get access Tapan Mitra Tapan Mitra State University of New York, Stony Brook Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 48, Issue 4, October 1981, Pages 643–647, https://doi.org/10.2307/2297203 Published: 01 October 1981 Article history Received: 01 March 1977 Accepted: 01 October 1980 Published: 01 October 1981

Journal Article On Uniqueness of General Equilibrium Get access Jun Iritani Jun Iritani Kyota Sangyo University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 48, Issue 1, January 1981, Pages 167–171, https://doi.org/10.2307/2297129 Published: 01 January 1981 Article history Received: 01 September 1979 Accepted: 01 May 1980 Published: 01 January 1981

Journal Article Kuhn's Intensity Hypothesis Revisited Get access Kazuo Nishimura Kazuo Nishimura University of Southern California and State University of New York at Buffalo and Tokyo Metropolitan University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 48, Issue 2, April 1981, Pages 351–354, https://doi.org/10.2307/2296891 Published: 01 April 1981 Article history Received: 01 April 1979 Accepted: 01 October 1980 Published: 01 April 1981

Jean-Pierre Danthine, John B. Donaldson; Certainty Planning in an Uncertain World: A Reconsideration, The Review of Economic Studies, Volume 48, Issue 3, 1