This paper discusses two forecasting experiments involving models of the watermelon market. The first experiment compares the forecasts of an interdependent model estimated by limited information, single equation with those of a model using least squares reduced form. The second experiment compares the forecasts of the interdependent model with those of a causal chain model. It is found that the forecasts of the interdependent model are generally better than those of the alternative models.

I. Introduction, 238. — II. Behavioral assumptions underlying theories of managerial enterprise, 239. — III. Target rate of return pricing as a managerial tool, 244. — IV. Management goals and restraints on managerial autonomy, 248. — V. Implications for the theory of the firm, 253.

Harsanyi [1], after translating Zeuthen's bargaining theory [5, Ch. 4] into modern utility terms, has shown that it implies the same outcome as Nash's theory [4], namely a settlement that maximizes the product of the utility increments of the two parties. In the same paper, Harsanyi also reviewed Hicks's comparable theory [2, pp. 140-45] and found it, understandably, distinctly inferior to Zeuthen's. The context that both Zeuthen and Hicks had in mind was labor-management bargaining, where agreements and conflicts have time dimensions. Specifically in such situations, it will be suggested, it is possible to combine the central conceptions of both Zeuthen and Hicks in a composite theory that is superior to either of the separate ones. To prepare the way for the composite theory's presentation, its components will be briefly summarized.

Thesis (Ph. D.)--Massachusetts Institute of Technology, Dept. of Economics and Social Science, 1962.

L. L. Ecker-Racz, Whither State and Local Finance?, The Journal of Finance, Vol. 19, No. 2, Part 1: Papers and Proceedings of the Twenty-Second Annual Meeting of the American Finance Association, Boston, Massachusetts, December 27-29, 1963 (May, 1964), pp. 370-381

Journal Article The Determinants of Wage Rate Changes and the Inflation-Unemployment Trade-off for the United States Get access G. L. Perry G. L. Perry University of Minesota Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 31, Issue 4, October 1964, Pages 287–308, https://doi.org/10.2307/2295900 Published: 01 October 1964

Abstract In general, we must conclude that Dr. Marple simply has not demonstrated his case. His arguments either do not apply very well to any type of current value approach, or apply to only a few of them, or apply with equal force to the historical-cost accounting that he wishes to defend. There may well be grave objections to the use of current values in financial reports, but if so, they are unlikely to be uncovered without going to the considerable trouble of determining the fundamental assumptions, postulates, purposes, standards, and ways of looking at things that underlie historical-cost accounting, on the one hand, and the various current value approaches, on the other. It is this very difficult task which accountants must eventually perform. To perform it, to move beyond superficial discussion of the complex issues involved, accountants are going to need all the help that logical analysis can provide. To belittle this tool, as Dr. Marple does, is to hinder and belittle the eventual development of a reasoned accounting theory and a fully responsible accounting practice.