Journal Article An Invariably Stable Cobweb Model Get access J. A. Carlson J. A. Carlson Purdue University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 35, Issue 3, July 1968, Pages 360–362, https://doi.org/10.2307/2296670 Published: 01 July 1968
Journal Article Consistent Planning Get access R. A. Pollak R. A. Pollak University of Pennsylvania Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 35, Issue 2, April 1968, Pages 201–208, https://doi.org/10.2307/2296548 Published: 01 April 1968
Journal Article The Structure of Utility Functions Get access W. M. Gorman W. M. Gorman London School of Economics Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 35, Issue 4, October 1968, Pages 367–390, https://doi.org/10.2307/2296766 Published: 01 October 1968
Journal Article Adjustment Costs in the Theory of Investment of the Firm Get access J. P. Gould J. P. Gould University of Chicago Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 35, Issue 1, January 1968, Pages 47–55, https://doi.org/10.2307/2974406 Published: 01 January 1968
E. S. Phelps, R. A. Pollak; On Second-Best National Saving and Game-Equilibrium Growth1, The Review of Economic Studies, Volume 35, Issue 2, 1 April 1968,
A MACROECONOMIC AND TRANSPORT MODEL HAS BEEN DEVELOPED TO EXPLORE THE INTERFACE BETWEEN THE ECONOMY OF AN UNDERDEVELOPED NATION AND ITS TRANSPORTATION SYSTEM. THE MACROECONOMIC PORTION OF THE MODEL PRODUCES ANNUAL PROJECTIONS OF REGIONAL DEMANDS, PRODUCTION LEVELS, AND INCOMES. THE TRANSPORT SECTOR DETERMINES MARKET AREAS, DISTRIBUTION AND ROUTING OF THESE COMMODITY FLOWS, AND ASSIGNS THEM TO THE LINKS OF A NETWORK REPRESENTING THE INDIVIDUAL TRANSPORT FACILITIES EXISTING OR PROPOSED FOR THE COUNTRY OR REGION UNDER STUDY. THE COUNTRY OF COLOMBIA, SOUTH AMERICA WAS CHOSEN FOR EXPERIMENTATION WITH THE MODEL. IT IS CONCLUDED THAT THE MODEL IS USEFUL FROM BOTH A PRACTICAL AND A PEDAGOGICAL STANDPOINT. IN THE DISCUSSION, IT IS NOTED THAT THE CRUX OF THE MATTER MAY WELL BE IN THE DYNAMIC INTERACTION BETWEEN THE TRANSPORTATION SECTOR AND THE REST OF THE ECONOMY. A PRINCIPAL FEATURE OF THIS MODEL IS JUST THIS DYNAMIC INTERACTION. IT IS CONCLUDED THAT THE ABOVE MODEL CANNOT HELP WITH SOME IMPORTANT CLASSES OF TRANSPORT QUESTIONS, BUT THAT THERE ARE A LARGE NUMBER OF TRANSPORT PROBLEMS IN LESS DEVELOPED ECONOMIES FOR WHICH IT IS WELL SUITED. /BPR/
The poor receive a sub-optimal amount of material goods through the natural economic processes of our society. Poor and non-poor alike seek to institute mechanisms that give something to the poor beyond what they get from the normal workings of the 'competitive' system. The fact that the non-poor share in this desire indicates that an externality is generated when the economic welfare of the poor is improved. On a collective basis, the non-poor are willing to pay for this externality. They sacrifice some of their income in support of redistributive programs that benefit the poor. In this paper we will not be concerned with moral or ethical values. We develop our analysis with the aid of a simple two-party model. One party is the representative poor man, the other the representative citizen. The representative citizen asks himself the central question of this essay. How should assistance programs to the poor be structured so as to maximize the utility function of the representative citizen. (Author)