Journal Article On the Sensitivity of Stability Results to the Choice of the Numeraire Get access Anjan Mukherji Anjan Mukherji University of Rochester and Jawaharlal Nehru University, New Delhi Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 40, Issue 3, July 1973, Pages 427–433, https://doi.org/10.2307/2296462 Published: 01 July 1973
Journal Article Pay Dispersion, Information, and Returns to Search in a Professional Labour Market Get access David Metcalf David Metcalf London School of Economics Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 40, Issue 4, October 1973, Pages 491–505, https://doi.org/10.2307/2296583 Published: 01 October 1973
Journal Article The Market Price of Risk Get access Cornelius M. Schilbred Cornelius M. Schilbred The Norwegian School of Economics and Business Administration Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 40, Issue 2, April 1973, Pages 283–292, https://doi.org/10.2307/2296654 Published: 01 April 1973
Journal Article On Sufficient Conditions for Optimal Stabilization Policies Get access Masanao Aoki Masanao Aoki University of California, Los Angeles and Cambridge University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 40, Issue 1, January 1973, Pages 131–138, https://doi.org/10.2307/2296744 Published: 01 January 1973
Journal Article Missing Data in Econometric Estimation Get access E. G. Drettakis E. G. Drettakis University of Leeds Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 40, Issue 4, October 1973, Pages 537–552, https://doi.org/10.2307/2296587 Published: 01 October 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
The purpose of this note is to correct an error in my paper [1]. Under the assumptions of the paper, Proposition 3 is not, in general, true. The point at which the proof goes awry is in the use of the mapping n. n is treated in the paper as if it were a function (i.e. a point to point mapping); whereas it is in fact a correspondence (a point to set mapping). n maps points of the unit simplex into itself, using a subset of the Pareto optimal set to obtain the simplex. A given point in the payoff space may be the image of more than one point in the strategy space. Each strategy, s, which maps into a given point in the Pareto optimal set (i.e. which has a given p associated with it in the simplex), can map into a distinct (j in the simplex. Thus the Brouwer theorem cannot be used. While n is surely upper semi-continuous, it need not have convex image sets, ruling out use of the Kakutani fixed point theorem. Furthermore, it need not be lower semi-continuous, ruling out another route to the use of the Brouwer theorem. That route is to use the results of E. Michael [2], which establish that if n is lower semi-continuous, then it has a selection which is a continuous function from the unit simplex into itself. The upshot is that the axioms of [1] must be somehow strengthened in one of the
Journal Article Delivery Lags and the Demand for Investment Get access Louis J. Maccini Louis J. Maccini The Johns Hopkins University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 40, Issue 2, April 1973, Pages 269–281, https://doi.org/10.2307/2296653 Published: 01 April 1973
Ettore F. Infante, Jerome L. Stein; Optimal Growth with Robust Feedback Control12, The Review of Economic Studies, Volume 40, Issue 1, 1 January 1973, Page
Franco Modigliani, Ezio Tarantelli; A Generalization of the Phillips Curve for a Developing Country12, The Review of Economic Studies, Volume 40, Issue 2,