Risk Aversion and Portfolio Choice January 1967 CFM 19 Author(s) Donald D. Hester, James Tobin & John Wiley & Sons 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]
Studies of Portfolio Behavior January 1967 CFM 20 Author(s) Donald D. Hester, James Tobin & John Wiley & Sons 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]
Financial Markets and Economic Activity January 1967 CFM 21 Author(s) Donald D. Hester, James Tobin & John Wiley & Sons 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]
Studies in Process Analysis: Economy-Wide Production Capabilities January 1963 CFM 18 Author(s) Harry M. Markowitz, John Wiley & Sons & Alan S. Manne 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]
Social Choice and Individual Values, 2nd ed January 1963 CFM 12.2 Author(s) Kenneth J. Arrow & John Wiley & Sons 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]
Portfolio Selection: Efficient Diversification of Investments January 1959 CFM 16 Author(s) Harry M. Markowitz & John Wiley & Sons 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]
A Statistical Study of Livestock Production and Marketing January 1955 CFM 15 Author(s) Clifford Hildreth, Frank G. Jarrett & John Wiley & Sons 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]
Studies in Econometric Method January 1953 CFM 14 Author(s) William C. Hood, Tjalling C. Koopmans & John Wiley & Sons 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]
Activity Analysis of Production and Allocation January 1951 CFM 13 Author(s) Tjalling C. Koopmans & John Wiley & Sons 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]
Social Choice and Individual Values, 1st ed. January 1951 CFM 12.1 Author(s) Kenneth J. Arrow & John Wiley & Sons 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]
Economic Fluctuations in the United States, 1921–1941 January 1950 CFM 11 Author(s) Lawrence R. Klein & John Wiley & Sons 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]
Statistical Inference in Dynamic Economic Models January 1950 CFM 10 Author(s) Tjalling C. Koopmans & John Wiley & Sons 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