Journal Article An Impossibility Theorem for Fixed Preferences: A Dictatorial Bergson-Samuelson Welfare Function Get access Robert P. Parks Robert P. Parks Washington University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 43, Issue 3, October 1976, Pages 447–450, https://doi.org/10.2307/2297221 Published: 01 October 1976 Article history Received: 01 April 1975 Accepted: 01 December 1975 Published: 01 October 1976

Journal Article Private Constant Returns and Public Shadow Prices Get access P. Diamond, P. Diamond MIT and Nuffield College, Oxford Search for other works by this author on: Oxford Academic Google Scholar J. Mirrlees J. Mirrlees MIT and Nuffield College, Oxford Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 43, Issue 1, February 1976, Pages 41–47, https://doi.org/10.2307/2296598 Published: 01 February 1976 Article history Received: 01 March 1975 Accepted: 01 May 1975 Published: 01 February 1976

Financial reporting, Confidence interval statements, Disclosures

I. Introduction, 323. — II. Direct linkages, 324, — III. Indirect linkages: Y & N and Rasmussen, 325. — IV. The “output inverse” and forward linkages, 327. — V. Average and total linkage, 329. — VI. Trade effects, 329. — VII. The level of aggregation, 331. — VIII. Conclusion, 332. — Appendix: simple numerical example, 333.

I. Classical demand analysis and cross-sectional price elasticities, 509.—II. Price discrimination and the new theory of demand, 510.—III. Conclusion, 512.

HE main objective of this paper is to suggest an econometric technique for identifying and testing the existence and structure of the spillover effects in the wage determination process. The main notion underlying the socalled spillovers hypothesis is that the wage settlements achieved by the ill' industry's bargaining units reflect not only the traditional labor and product market forces affecting the it' industry but also the wage settlements achieved by the jth industry's bargaining units. The terminology used to describe this process has varied considerably-pattern wage-adjustment, key-bargains, spillovers, imitation and dynamic market-interdependence.1 The research strategy underlying this paper is to decompose the wage changes into two components -a deterministic component that can be explained in terms of exogenous labor and product market forces, industry specific or economy-wide, and a residual component. Does this residual wage component stand for purely random effects or does it represent some spillover effects? One can study the covariance structure of the residual wage vector to make inferences about the dynamic interdependence in wage movements between different industries. The plan of the paper is as follows: In section I a brief review of the literature is presented. In section II the underlying theoretical model is explained and the estimates of the empirical model are presented. In section III some simulation experiments of the spillover structure are presented. In section IV the conclusions and policy implications are discussed. 1. Literature Review

A main goal of this empirical analysis of job search behavior is to test several hypotheses of the theoretical and empirical job search literature using observations on unemployed young men. Better understanding of job search differences between white and black youth is a secondary goal. Four main areas are examined which comprise the endogenous variables in a simultaneous-equation model of youth job search behavior: the direct cost of job search, the duration of unemployment, the relative reservation wage, and the anticipated time on the new job.

Cheng F. Lee, William P. Lloyd, The Capital Asset Pricing Model Expressed as a Recursive System: An Empirical Investigation, The Journal of Financial and Quantitative Analysis, Vol. 11, No. 2 (Jun., 1976), pp. 237-249