Publications by author | Cowles Foundation for Research in Economics

Abstract

Preliminary Pages [i-ix]
Chapter
1	Liquidity Preference as Behavior Toward Risk, by James Tobin [1]
2	Substitution and Complementarity in the Choice of Risky Assets, by Shoichi Royama and Koichi Hamada [27]
3	Efficient Portfolios with Short Sales and Margin Holdings, by Donald D. Hester [41]
4	Effects of Alternative Tax Structures on Individuals' Holdings of Financial Assets, by Susan Lepper [51]
5	Stock Market Indices: A Principal Components' Analysis, by George J. Feeney and Donald D. Hester [110]
6	The Accumulation of Risky Capital: A Sequential Utility Analysis, by Edmund S. Phelps [139]
7	Estimating the Utility of Wealth from Call Options Data, by Richard N. Rosett [154]
Index [171]

Abstract

Preliminary Pages [i-xi]
Chapter
1	Consumer Expenditures and the Capital Account, by Harold W. Watts and James Tobin [1]
2	Consumer Debt and Spending: Some Evidence from Analysis of a Survey, by James Tobin [40]
3	An Empirical Study of Cash, Securities, and Other Current Accounts of Large Corporations, by Alan W. Heston [66]
4	An Empirical Examination of a Commercial Bank Loan Offer Function, by Donald D. Hester [118]
5	An Empirical Model of Commerical Bank Portfolio Management, by James L. Pierce [171]
6	Life Insurance Investment: The Experience of Four Companies, Leroy S. Wehrle [191]
Index [249]

Abstract

Preliminary Pages [i-xi]
Chapter
1	Commerical Banks as Creators of "Money," by James Tobin [1]
2	A Model of Bank Portfolio Selection, by Richard C. Porter [12]
3	Financial Intermediaries and the Effectiveness of Monetary Controls, by James Tobin and William C. Brainard [55]
4	Financial Intermediaries and a Theory of Monetary Control, by William C. Brainard [94]
5	Monetary Policy, Debt Management, and Interest Rates: A Quantitative Appraisal, by Arthur M. Okun [142]
6	Determinants of Bond Yield Differentials: 1954 to 1959, by Peter E. Sloane [189]
Index [247]

Abstract

Preliminary Pages [i-viii]
PART I. Scope and Method of Process Analysis
1	Introduction, by Alan S. Manne and Harry M. Markowitz [3]
2	Alternate Methods of Analysis, by Alan S. Manne and Harry M. Markowitz [8]
3	Problems and Potentials of Process Analysis, by Alan S. Manne and Harry M. Markowitz [21]
PART II. Petroleum and Chemicals: Production, Transportation, and Plant Location
	Glossary of Technical Terms, by Alan S. Manne [31]
4	A Linear Programming Model of the U.S. Petroleum Refining Industry, by Alan S. Manne [33]
5	A Spatial Model of U.S. Petroleum Refining, by Thomas A. Marschak [75]
6	Chemical Processes, Plant Location, and Economies of Scale, by Thomas Vietorsz and Alan S. Manne [136]
PART III. Food and Agriculture
7	Spatial Programming Models to Specify Surplus Grain Producing Areas, by Earl O. Heady and Alvin C. Egbert [161]
8	Special Price Equilibrium and Process Analysis in the Food and Agricultural Sector, by Karl A. Fox [215]
PART IV. Metals and Metalworking
9	Process Analysis of the U.S. Iron and Steel Industry, by Tibor Fabian [237]
10	The Metalworking Industries, by Harry M. Markowitz and Alan J. Rowe [264]
11	Metalworking Requirements Analysis, by Harry M. Markowitz and Alan J. Rowe [285]
12	A Machine Tool Substitution Analysis, by Harry M. Markowitz and Alan J. Rowe [313]
13	Future Metalworking Analysis, by Harry M. Markowitz and Alan J. Rowe [352]
14	Statistical Appendix on Metalworking, by by Harry M. Markowitz and Alan J. Rowe [357]
15	Alternative Approaches to Metalworking Process Analysis, by Thomas Vietorisz [364]
PART V. Programming of Economic Development
16	Key Sectors of the Mexican Economy, 1960–1970, by Alan S. Manne [379]
17	Sector Studies in Economic Development Planning by Means of Process Analysis Models, by Thomas Vietorisz [401]
Appendix. Basic Concepts of Activity Analysis, by Alan S. Manne [417]
Index [423]

Abstract

Preliminary Pages [i-xi]
Chapter
1	Introduction [1]
2	The Nature of Preference and Choice [9]
3	The Social Welfare Function [22]
4	The Compensation Principle [34]
5	The General Possibility Theorem for Social Welfare Functions [46]
6	The Individualistic Assumptions [61]
7	Similarity as the Basis of Social Welfare Judgments [74]
8	Notes on the Theory of Social Choice, 1963 [92]
Index [121]

Abstract

Preliminary Pages [i-xii]
PART I. Introduction and Illustrations
1	Introduction [3]
2	Illustrative Portfolio Analyses [8]
PART II. Relationships between Securities and Portfolios
3	Averages and Expected Values [37]
4	Standard Deviations and Variances [72]
5	Investment in Large Numbers of Securities [102]
6	Return in the Long Run [116]
PART III. Efficient Portfolios
7	Geometric Analysis of Efficient Sets [129]
8	Derivation of E, V Efficient Portfolios [154]
9	The Semi-Variance [188]
PART IV. Rational Choice under Uncertainty
10	The Expected Utility Maxim [205]
11	Utility Analysis over Time [243]
12	Probability Beliefs [257]
13	Applications to Portfolio Selection [274]
Bibliography [305]
Appendices [309]
A	The Computation of Efficient Sets
B	A Simplex Method for Portfolio Selection
C	Alternative Axiom Systems for Expected Utility
Index [341]

Abstract

Preliminary Pages [i-xiii]
Chapter
1	Introduction [1]
2	The Economic Model [9]
3	The Observations [26]
4	Estimated Relations [64]
5	The Production Relation [76]
6	The Farm Decision Relations [90]
7	The Demand Relation [107]
8	Prediction Tests [119]
Appendix [130]
Index [153]

Abstract

Preliminary Pages [i-xx]
Chapter
1	Economic Measurements for Policy and Prediction, by Jacob Marschak [1]
2	Identification Problems in Economic Model Construction, by Tjalling C. Koopmans [27]
3	Causal Ordering and Identifiability, by Herbert A. Simon [49]
4	Methods of Measuring the Marginal Propensity to Consume, by Trygve Haavelmo [75]
5	Statistical Analysis of the Demand for Food: Example of Simultaneous Estimation of Structural Equations, by M.A. Girshick and Trygve Haavelmo [92]
6	The Estimation of Simultaneous Linear Economic Relationships, by Tjalling C. Koopmans and William C. Hood [112]
7	Asymptotic Properties of Limited-Information Estimates under Generalized Conditions, by Herman Chernoff and Herman Rubin [200]
8	An Example of Loss of Efficiency in Structural Estimation, by S.G. Allen, Jr. [213]
9	Sources and Size of Leasst-Squares Bias in a Two-Equation Model, by Jean Bronfenbrenner [221]
10	The Computation of Maximum-Likelihood Estimates of Linear Structural Equations, by Herman Chernoff and Nathan Divinsky [236]
Corrections to Statistical Inference in Dynamic Economic Models, Cowles Commission Monograph 10 [303]
References [305]
Index of Names & Subject Index [313]

Abstract

Preliminary Pages [i-xiv]
PART ONE: Theory of Programming and Allocation
1	The Programming of Interdependent Activities: General Discussion, by Marshall K. Wood and George B. Dantzig [15]
2	The Programming of Interdependent Activities: Mathematical Model, by George B. Dantzig [19]
3	Analysis of Production as an Efficient Combination of Activities, by Tjalling C. Koopmans [33]
4	The Aggregate Linear Production Function and Its Applications to von Neumann's Economic Model, by Nicholas Georgescu-Roegen [98]
5	Relaxation Phenomena in Linear Dynamic Models, by Nicholas Georgescu-Roegen [116]
6	Uses of Leontief's Open Input-Output Models, by Harlan M. Smith [132]
7	Abstract of a Theorem Concerning Substitutability in Open Leontief Models, by Paul A. Samuelson [142]
8	Alternative Proof of the Substitution Theorem of Leontief Models in the Case of Three Industries, by Tjalling C. Koopmans [147]
9	Alternative Proof of the Substitution Theorem of Leontief Models in the General Case, by Kenneth J. Arrow [155]
10	Some Properties of a Generalized Leontief Model, by Nicholas Georgescu-Roegen [165]
PART TWO: Applications of Allocation Models
11	On the Choice of a Crop Rotation Plan, by Clifford Hildreth and Stanley Reiter [177]
12	Development of Dynamic Models for Program Planning, by Marshall K. Wood and Murray A. Geisler [189]
13	Representation in a Linear Model of Nonlinear Growth Curves in the Aircraft Industry, by Marshall K. Wood [216]
14	A Model of Transportation, by Tjalling C. Koopmans and Stanley Reiter [222]
15	Effects of Technological Change in a Linear Model, by Herbert A. Simon With comments by Ansley Coale and Yale Brozen [260]
16	The Accuracy of Economic Observations, by Oskar Morgenstern [282]
PART THREE: Mathematical Properties of Convex Sets
17	Convex Polyhedral Cones and Linear Inequalities, by David Gale [287]
18	Theory of Convex Polyhedral Cones, by Murray Gerstenhaber [298]
19	Linear Programming and the Theory of Games, by David Gale, Harold W. Kuhn, and Albert W. Tucker [317]
20	A Proof of the Equivalence of the Programming Problem and the Game Problem, by George B. Dantzig [330]
PART FOUR: Problems of Computation
21	Maximization of a Linear Function of Variables Subject to Linear Inequalities, by George B. Dantzig [339]
22	Application of the Simplex Method to a Game Theory Problem, by Robert Dorfman [348]
23	Application of the Simplex Method to a Transportation Problem, by George B. Dantzig [359]
23	Iterative Solution of Games by Fictitious Play, by George W. Brown [374]
25	Computational Suggestions for Maximizing a Linear Function Subject to Linear Inequalities, by George W. Brown and Tjalling C. Koopmans [377]
References [381]
Index of Names & Subject Index [387]

Abstract

Preliminary Pages [i-xi]
Chapter
1	Introduction [1]
2	The Nature of Preference and Choice [9]
3	The Social Welfare Function [22]
4	The Compensation Principle [34]
5	The General Possibility Theorem for Social Welfare Functions [46]
6	The Individualistic Assumptions [61]
7	Similarity as the Basis of Social Welfare Judgments [74]
References [93]
Index [97]

Abstract

Preliminary Pages [i-xi]
Chapter
1	Model Building — General Principles [1]
2	Economic Theory [13]
3	Statistical Models [58]
4	Adequacy of the Available Data [123]
Appendix [135]
Index [169]

Abstract

Preliminary Pages [i-xv]
Introduction
1	Statistical Inference in Economics: An Introduction, by J. Marschak [1]
	PART ONE: Simultaneous Equation Systems
2	Measuring the Equation Systems of Dynamic Economics, by T.C. Koopmans, H. Rubin, and R.B. Leipnik [53]
	Problems of Identification
3	Note on the Identification of Economic Relations, by A. Wald [238]
4	Generalization of the Concept of Identification, by L. Hurwicz [245]
5	Remarks on Frisch's Confluence Analysis and Its Use in Econometrics, by T. Haavelmo [258]
	Problems of Structural and Predictive Estimation
6	Prediction and Least Squares, by L. Hurwicz [266]
7	The Equivalence of Maximum-Likelihood and Least-Squares Estimates of Regression Coefficients, by T.C. Koopmans [301]
8	Remarks on the Estimation of Unknown Parameters in Incomplete Systems of Equations, by A. Wald [305]
9	Estimation of the Parameters of a Single Equation by the Limited-Information Maximum-Likelihood Method, by T.W. Anderson, Jr. [311]
	Problems of Computation
10	Some Computational Devices, by H. Hotelling [323]
	PART TWO: Problems Specific to Time Series
	Trend and Seasonality
11	Variable Parameters in Stochastic Processes: Trend and Seasonality, by L. Hurwicz [329]
12	Nonparametric Tests against Trend, by H.B. Mann [345]
13	Tests of Significance in Time-Series Analysis, by R.L. Anderson 352]
	Estimation Problems
14	Consistency of Maximum-Likelihood Estimates in the Explosive Case, by H. Rubin [356]
15	Least-Squares Bias in Time Series, by L. Hurwicz [365]
	Continuous Stochastic Processes
16	Models Involving a Continuous Time Variable, by T.C. Koopmans [384]
	PART THREE: Specification of Hypotheses
17	When Is an Equation System Complete for Statistical Purposes?, by T.C. Koopmans [393]
18	Systems with Nonadditive Disturbances, by L. Hurwicz [410]
19	Note on Random Coefficients, by H. Rubin [419]
References & Index [423]
Corrections to Volume