Journal Article Liberal Values and Independence Get access Julian H. Blau Julian H. Blau Antioch College Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 42, Issue 3, July 1975, Pages 395–401, https://doi.org/10.2307/2296852 Published: 01 July 1975

Since the appearance in 1969 of Kadar and Russell's paper [1] and in 1970 of Whitmore's paper [4] extending stochastic dominance to the second and third degrees, a considerable interest has developed in stochastic dominance methods as an alternative to moment methods in investment ranking models. The particular attraction of stochastic dominance is that its results are consistent with the expected utility hypothesis without depending on a particular mathematical form of utility function or on a specific type of distribution of investment returns. Although both stochastic dominance ranking models and moment ranking models are based on probability distributions of investment returns, it has been difficult to relate the two types of models mathematically for a complete comparison of results. In this paper the common moments are expressed in terms of successive integrals of a probability density function to allow a systematic comparison of the two methods.

Budgeting, Human behavior, Internal control

Journal Article Stable Spillovers among Substitutes Get access E. C. H. Veendorp E. C. H. Veendorp Tulane University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 42, Issue 3, July 1975, Pages 445–456, https://doi.org/10.2307/2296857 Published: 01 July 1975

Journal Article Proper Specification of the Cost Function: A Comment on Baumol's and on Morris' Transactions Demand for Cash Get access H. Stephen Grace, Jr. H. Stephen Grace, Jr. Texas Southern University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 89, Issue 4, November 1975, Pages 658–659, https://doi.org/10.2307/1884700 Published: 01 November 1975

over this business would depend upon the size of the advantage and the rate with which the advantage becomes recognized. The apparent parabolic growth path displayed by Eurodollar deposits so far is consistent with theories of the early stages of a new product. The path of Eurodollar expansion can be formulated as a cumulative response to a gradually recognized cost advantage. Such factors as the stringencies of Regulation Q ceilings on interest rates and the exchange controls can be viewed as sources of the residual variation from the growth path.