Now showing items 1-10 of 29
A note on locally constant income elasticities
(Elsevier, 1978)
A simple proof of Willig's theorem that all non-unitary income elasticities that are constant must be equal to one another is given. It is also shown that multiplicatively separable demand implies locally constant income ...
The long-run effects of a residential property tax and local public services
(Elsevier, 1978-04)
The long-run effects of a residential property tax and local public services are analyzed in the context of an urban spatial model. An endogenous labor market allows the local wage rate to adjust, in conjunction with ...
Diversity as a policy goal: The case of television
(Kluwer Academic Publishers; Springer Science+Business Media, 1978-06)
Diversity in communications is most appropriately understood as a free flow of ideas. In order to implement diversity, a comprehensive model of the communication process must be used for policy research, so that the various ...
Book reviews
(Kluwer Academic Publishers; Elsevier Scientific Publishing Company ; Springer Science+Business Media, 1978-12)
Racial prejudice in a search model of the urban housing market
(Elsevier, 1978-07)
A simple model of buyer search in an urban housing market is employed to demonstrate that if some whites are unwilling to sell housing to blacks competitive equilibria in which blacks pay more for housing than whites are ...
Money-demand and the efficacy of fiscal policy
(Elsevier, 1978)
An M2 money-demand function including the market value of government debt is estimated. The resulting equation both tracks the recent movements in money-demand and has implications for the efficacy of fiscal policy as a ...
An economic approach to social choice — II
(Kluwer Academic Publishers; Martinus Nijhoff Social Sciences Division ; Springer Science+Business Media, 1978-09)
There is a formal equivalence between games, societies, and economies. Lindahl equilibrium for a game or society corresponds to competitive equilibrium for the equivalent economy. Results on existence and optimality of ...
On the measurement of benefits in an urban context: Some general equilibrium issues
(Elsevier, 1978-07)
The validity of using local market data to measure the benefits associated with policies adopted in an urban area is investigated. It is shown that the rest of the world is affected by taxing decisions undertaken in a ...