My comment was requested by the Chairman to be directed especially toward Dr. Robert Holland's excellent and thoughtful account of the changes, past and prospective, springing from the development of bank holding companies in American banking markets.

Journal Article The Aggregate Excess Demand Correspondence and the Structure of Economies with Externalities Get access D. T. Scheffman D. T. Scheffman University of Western Ontario Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 42, Issue 4, October 1975, Pages 597–604, https://doi.org/10.2307/2296796 Published: 01 October 1975

[If two linear models have different sets of explanatory variables and the same variable to be explained, the residual variance of the correct model (S extasciicircum2"n) has a smaller mean value than that of the incorrect one (t extasciicircum2"n). This note shows under fairly general conditions that S extasciicircum2"n extless t extasciicircum2"n will hold with probability arbitrarily close to 1 provided that the sample size n is large enough.]

This article presents news related to the study and teaching of accounting in the U.S. as of October 1, 1975. According to a snippet, Naval Postgraduate School was host for the tenth annual Western Regional Meeting of AAA on May 2 and 3. James M. Fremgen was in charge of arrangements and presided at the plenary session. David C. Burns and John A. Caspari assisted with arrangements and moderated technical sessions on auditing and Cost Accounting Standards, respectively. Two hundred and seven members registered. Fremgen was invited to attend the Symposium on Management Accounting and Control sponsored by the Robert Beyer Professorship at the University of Wisconsin. Another snippet reports that Bipin Ajinkya, a Ph.D. candidate from the University of Minnesota, joined the staff as an Assistant Professor in March, 1975. Douglas Snowball, who recently received his Ph.D. from the University of Washington, also joined the staff as an Assistant Professor in March, 1975. Charles L. McDonald, who was a Visiting Assistant Professor from the University of Illinois during the 1974-75 academic year, joined the permanent staff as an Assistant Professor.