Journal Article Betting and Equilibrium Get access Richard E. Quandt Richard E. Quandt Princeton University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 101, Issue 1, February 1986, Pages 201–207, https://doi.org/10.2307/1884650 Published: 01 February 1986

I. The state of affairs, 507. — II. The deficiency of the Complete Ordering Axiom, 508. — III. Redefinition of preference and the choice mechanism, 510. — IV. Intransitivity, 518. — V. Expected behavior under price and income changes, 525. — VI. Conclusion, 536.

The paper investigates various aspects of citation practices on the basis of all citations appearing in full volumes of eight principal journals at 10-year intervals. The growth of the number of citations is in good agreement with the findings for other fields, and the mean age of citations declines over time by about 6 months per decade. Most journal articles have a significant tendency to cite other articles published in the same journal, and the cross-reference patterns are employed to rank the journals in terms of importance. An examination of the list of most frequently cited authors reveals that Nobel prizewinners are characteristically on at least one, but most often more than one, list (a decade apart) and permits tentative predictions as to who future prizewinners will be.

The paper investigates various aspects of citation practices on the basis of all citations appearing in full volumes of eight principal journals at 10-year intervals. The growth of the number of citations is in good agreement with the findings for other fields, and the mean age of citations declines over time by about 6 months per decade. Most journal articles have a significant tendency to cite other articles published in the same journal, and the cross-reference patterns are employed to rank the journals in terms of importance. An examination of the list of most frequently cited authors reveals that Nobel prizewinners are characteristically on at least one, but most often more than one, list (a decade apart) and permits tentative predictions as to who future prizewinners will be.

M. McManus, Richard E. Quandt; Comments on the Stability of the Cournot Oligipoly Model, The Review of Economic Studies, Volume 28, Issue 2, 1 February 196

A common feature to most aggregative studies of the labor market is a marginal productivity expression in which the quantity of labor appears on the left hand side of the equation, and the right hand side includes the real wage and output. A number of researchers have cautioned that if the output variable is treated as exogenous, serious econometric difficulties may result. However, the assumption that output is exogenous has not been tested. In this paper, we estimate an equilibrium model of the labor market, and use it to test the assumption of output exogeneity. We find that the assumption that output is exogenous cannot be rejected by the data.