H. H. Thell, H. Neudecker; Substitution, Complementarity, and the Residual Variation around Engel Curves, The Review of Economic Studies, Volume 25, Issue

Entrepreneurial Behaviour and Market Environment: A Comment on Mr. Nettl J. H. Davies J. H. Davies Sheffield Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 25, Issue 2, February 1958, Page 131, https://doi.org/10.2307/2296212 Published: 01 February 1958

Introduction, 380. — I. The nature of the theory of workable competition, 383. — II. The several concepts of workability, 386. — III. Performance norms and value judgments, 391. — IV. Necessary vs. sufficient conditions, 395. — V. Remediability vs. categorical norms, 402. — VI. The workability criterion reformulated, 410. — Appendix, 415.

I. Theory of economic policy and processes of economic growth, 574. — II. Factors in appraising the developmental content of economic policy, 577. — III. Commercial policy in postwar Southeast Asia, 579. — IV. Conclusion, 586.

Peak Loads and Efficient Pricing: Further Comment Get access H. S. Houthakker H. S. Houthakker Stanford University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 72, Issue 3, August 1958, Pages 463–464, https://doi.org/10.2307/1882235 Published: 01 August 1958

Introduction, 241. — The growth of captive finance companies, 242. — Effects on competition, 243. — Other examples of the competitive use of credit, 246. — Noncompetitive uses of credit, 248. — Effects on credit policy, 248. — Individual industry experience, 251. — Summary, 257.

Recently, in this REVIEW (J. K. Galbraith, "Market Structure and Stabilization Policy,this REVIEW, XXXIX (May 1957) I24-33) Professor Galbraith has asserted that in the case of monetary policy the "inflation can be controlled by denying credit to what are, in a general way, the least powerful firms" (page 132). Elsewhere, these least powerful firms are identified as the smaller firms (pages 131, 132, 133), and evidence concerning the distribution of bank loans by size is presented, to indicate that "while the case cannot be proven, there is a strong probability that in the last couple of years the effect of monetary policy has been to ration credit from all sources away from smaller firms in the competitive sector and to larger firms in the oligopolistic sector" (page 133).