Partnership, Information systems, Accounting method

Financial reporting, Confidence interval statements, Disclosures, Uncertainty

Journal Article A Theorem on Utilitarianism Get access Eric Maskin Eric Maskin Harvard University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 45, Issue 1, February 1978, Pages 93–96, https://doi.org/10.2307/2297086 Published: 01 February 1978

Journal Article Collective Rationality, Unanimity and Liberal Ethics Get access Edi Karni Edi Karni Tel-Aviv University and University of Chicago Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 45, Issue 3, October 1978, Pages 571–574, https://doi.org/10.2307/2297258 Published: 01 October 1978 Article history Received: 01 January 1976 Accepted: 01 October 1977 Published: 01 October 1978

Journal Article A Note on Preferential and Illegal Trade Under Quantitative Restrictions Get access Rodney E. Falvey Rodney E. Falvey Tulane University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 92, Issue 1, February 1978, Pages 175–178, https://doi.org/10.2307/1886004 Published: 01 February 1978

I. Introduction 387.—II. The capacity constrained peak load problem, 388.—III. Optimal multi-equipment capacity, 391.—IV. Optimal peak load prices, 393.—V. Special cases of the peak load prices 394.—VI. Conclusions, 397.

[Very often, an index number used in an economic model has been constructed in two or more stages. If the two stage procedure gives the same answer as a single stage procedure, then Vartia calls the index number formula "consistent in aggregation." Paasche and Laspeyres indexes have this consistency in aggregation property, but these index number formulae are consistent only with very restrictive functional forms for the underlying aggregator (i.e., utility or production) function. The present paper shows that the class of superlative index number formulae has an approximate consistency in aggregation property, where a superlative index number formula is one which is consistent with a flexible functional form for the underlying aggregator function. The paper also contains some empirical examples which both illustrate the main theorem and also indicate that the chain principle for constructing index numbers is preferable to the fixed base method. Finally, the paper proves some theorems about the class of pseudo-superlative index numbers.]