Publications

1684 publications found

• Working Paper No. 4 July 10, 1988

  Housing Quality Differentials in Urban Areas

  Dimitrios A. Giannias
  Abstract

  This paper applies an equilibrium quality theory for differentiated products to estimate the willingness to pay for improvements in the air quality of Chicago, Cleveland, Dallas, Houston, and Indianapolis. The empirical results show (i) that the structural approach and the standard nonstructural approach give very different benefit figures even for small improvements in air quality, […]

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• Working Paper No. 3 March 10, 1988

  Competing Micro Economic Theories of Industrial Profits

  Mark Glick, and Eduardo M. Ochoa
  Abstract

  Contrary to the impression given by most textbooks, microeconomics is not a homogeneous discipline. At least two major alternative theories exist which account for the long-run behavior of industrial prices and the between economic sectors in ways which are distinct from standard neoclassical explanations. Both Post Keynesian and Classical (Marxian/NeoRicardian) approaches to economics have developed […]

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• Working Paper No. 2 March 09, 1988

  The Firm and Its Profits

  Nina Shapiro
  Abstract

  What sets the firm apart from other producers is the commercial nature of its operations. The firm produces for the market and only for the market. It produces goods and buys them not in order to consume them but in order to sell them or their products. While economic agents other than the firm sell […]

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• Working Paper No. 1 November 10, 1987

  Macroeconomic Profitability

  Thomas R. Michl
  Abstract

  This paper gives an account of recent work on the measurement, statistical analysis, and theoretical analysis of macroeconomic profitability. Measurement issues include the treatment of holding gains on physical assets and net financial liabilities, national income accounting practices and recent revisions, and the use of accounting rates of return. Statistical work has focused on the […]

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