Publications

Article

Market Structure, Oligopoly and the Stability of Market Shares

By: R. E. Caves and M. E. Porter

Keywords: Markets; Price; Economics

Article

Inflation and Taxes in a Growing Economy with Debt and Equity

By: M. Feldstein, Jerry R. Green and Eytan Sheshinski

Our tax system was designed for an economy with little or no inflation. The current paper shows that inflation causes capricious changes in the effective rate of tax on capital income and therefore in the real net rate of return that savers receive. This is not only a... View Details

Keywords: Taxation; Inflation and Deflation; Economy

January 1978
Article

Families, Family Processes, and Economic Life

By: R. M. Kanter

Keywords: Family and Family Relationships

Article

Physician-Induced Demand for Medical Care

This paper addresses the theoretical models designed to ascertain the existence of a variable level of physicians' activity in shifting the demand of their patients. Two basic approaches are followed: equilibrium models of the demand for health care, and disequilibrium... View Details

Keywords: Physicians; Economic Equilibrium; Monopolistic Competition; Economic Competition; Medical Care

December 1977
Article

Tender Offers and Stockholder Returns: An Empirical Analysis

By: P. Dodd and R. S. Ruback

Keywords: Ownership; Money; Stocks

1977
Working Paper

Mitigating Demographic Risk Through Social Insurance

A two-period lifetime overlapping generations growth model is used to evaluate the possibility that social insurance can effectively offset economic risks associated with uncertainty about the rate of population growth. Crude measures of the seriousness of this type of... View Details

Keywords: Social Insurance; Econometric Models; Public Sector; Government Administration; Policy; Human Needs; Social Issues; Risk and Uncertainty

April 1977
Article

Purchasing Power Gains on Debt: The Effect of Expected and Unexpected Inflation

By: Robert S. Kaplan

Keywords: Borrowing and Debt; Inflation and Deflation

1977
Chapter

The Internationalization of Firms from Developing Countries

By: L. T. Wells Jr.

Keywords: Developing Countries and Economies; Globalized Firms and Management; Globalized Economies and Regions

Article

Characterization of Satisfactory Mechanisms for the Revelation of Preferences for Public Goods

By: Jerry R. Green and Jean-Jacques Laffont

Social decision mechanisms that admit dominant strategies and result in Pareto optima are characterized by the class of mechanisms proposed by Groves. The concept of decision mechanisms is generalized and the characterization is shown to extend to these cases. View Details

Keywords: Decision Mechanisms; Game Theory; Economics

1977
Other Unpublished Work

Indexing Social Security: An Analysis of the Issues

By: Robert S. Kaplan

Keywords: Insurance; Public Sector

1977
Chapter

On the Economics of Information with Incomplete Markets

1976
Chapter

More or Less Poverty? The Economic Effects of the MNE at Home and in the LDC's

By: L. T. Wells Jr.

Keywords: Poverty; Developing Countries and Economies; Multinational Firms and Management; Globalized Economies and Regions

1976
Report

Financial Crisis in the Social Security System

By: Robert S. Kaplan

Keywords: Financial Crisis; Insurance; Public Sector

August 1976
Article

A Model of Economic Growth With Altruism Between Generations

By: Elon Kohlberg

Keywords: Economics; Growth and Development; Relationships

spring 1976
Article

Information, Politics and Economic Analysis: The Regulatory Decision Process in the Air Freight Cases

By: M. E. Porter and J. F. Sagansky

Keywords: Information; Government and Politics; Economics; Governing Rules, Regulations, and Reforms; Decision Making

1975
Working Paper

Information, Efficiency and Equilibrium

When economic agents receive information over time concerning future events it is likely that prices for commodities whose value is influenced by these events will fluctuate in response to changes in the state of knowledge. If such events occur periodically,... View Details

Keywords: Economics; Supply and Industry; Price