Publications

1711 publications found

• Working Paper No. 7
  September 09, 1988

  Why Is the Rate of Profit Still Falling?

  Thomas R. Michl
  Abstract

  This paper elaborates a fixed-coefficient, capital, labor, non-raw material intermediates, raw materials production model; estimates the wage share-profit rate frontier associated with it for U.S. manufacturing from 1949 to 1986;…more

  Download Working Paper No. 7 PDF (1.24 MB)
• Working Paper No. 6
  August 10, 1988

  A Structural Approach to Hedonic Equilibrium Models

  Dimitrios A. Giannias
  Abstract

  This paper presents a quality theory for differentiated products. Analytical solutions for the equilibrium demand for quality and the equilibrium price equation are computed. The model is estimated and the…more

  Download Working Paper No. 6 PDF (1.74 MB)
• Working Paper No. 5
  August 09, 1988

  The Finance Constraint Theory of Money

  Meir Kohn
  Abstract

  The theory of money that emerged from the Keynesian Revolution is coming increasingly into question, and a variety of new theories are being put forward as alternatives. The most promising…more

  Download Working Paper No. 5 PDF (4.09 MB)
• 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…more

  Download Working Paper No. 4 PDF (1.48 MB)
• 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…more

  Download Working Paper No. 3 PDF (3.28 MB)
• 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…more

  Download Working Paper No. 2 PDF (1.98 MB)
• 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…more

  Download Working Paper No. 1 PDF (5.22 MB)