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  • Articles  (15,440)
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  • 1995-1999  (4,135)
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  • Articles  (15,440)
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  • 1995-1999  (4,135)
  • 1980-1984  (11,305)
  • 1925-1929
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  • 1
    Electronic Resource
    Electronic Resource
    Nonlinear Pricing and Oligopoly (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 4 (1995), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: We consider the general problem of price discrimination with nonlinear pricing in an oligopoly setting where firms are spatially differentiated. We characterize the nature of optimal pricing schedules, which in turn depends importantly upon the type of private information the customer possesses–either horizontal uncertainty regarding brand preference or vertical uncertainty regarding quality preference. We show that as competition increases, the resulting quality distortions decrease, as well as price and quality dispersions. Additionally, we indicate conditions under which price discrimination may raise social welfare by increasing consumer surplus through encouraging greater entry.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1430-9134.1995.00529.x
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  • 2
    Electronic Resource
    Electronic Resource
    Shareholder Activism, “Voluntary” Restructuring, and Internal Labor Markets (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 4 (1995), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: We model an internal labor market in which employee behavior and compensation are affected by the firm's financial position and the threat of hostile takeover or other exercise of shareholder “voice.” We show how good past performance can result in excessively generous promotion and pay decisions. While the threat of shareholder activism will remove this “slack,” activists optimally face a positive cost barrier, which in turn varies across firms. The cost barrier is higher when cooperation or “helping” between employees is more important, and is lower when employees receive efficiency wages due to an inability to “pay” for their jobs. Since the importance of helping is associated with pay compression and “flat” pay ladders, such firms should also exhibit a greater degree of management entrenchment.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1430-9134.1995.00591.x
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  • 3
    Electronic Resource
    Electronic Resource
    Stable R&D Cooperation with Spillovers (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 4 (1995), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The literature on the incentives for R & D cooperation with spillovers typically deals only with the factors affecting cooperative profits. This paper focuses on the incentives to cheat and the stability of such cooperative agreements in a repeated game framework. It is shown that the stability of cooperation is influenced by the nature and magnitude of spillovers, relative to the nature and degree of product market competition. While cooperative profits are higher with large positive (exogenous, unintended) know-how spillovers, such as in fundamental research, our anslysis shows that it may be easier to sustain cooperation in areas with lower spillovers, such as applied research, because of the smaller incenfives to cheat on the initial agreement, at least when firms produce substitutes. Alternatively, the possibility of technology sharing (i.e., intended or endogenous spillovers), besides R&D coordination, not only increases cooperative profits but also reduces the incentives to defect from a cooperative equilibrium.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1430-9134.1995.00651.x
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  • 4
    Electronic Resource
    Electronic Resource
    Managerial Incentives Based on Acquisition of Information (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 4 (1995), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: In a moral hazard setting, we model the fact that the agent may get private signals about the final outcome of his effort before the public realization of this outcome. Actions affect both the distribution of the outcome and the quality of the agent's private information. We compare simple contracts, based on output only, with revelation contracts, based on output and messages about signals. Revelation contracts give the agent some discretionary power during the course of the relationship; they are optimal if and only if lowering effort does not increase the quality of private information in the sense of Blackwell (1953). In the context of managerial compensation schemes, the revelation contracts we analyze can be viewed as allowing the agent to exercise an option on the final profits before the realization of these profits. The theory thus provides an alternative justification of the widespread use of stock options in managerial compensation schemes, as opposed to compensation schemes that rely only on salary, bonus, and (restricted) stock plans.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1430-9134.1995.00427.x
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  • 5
    Electronic Resource
    Electronic Resource
    Introduction (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 4 (1995), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1430-9134.1995.00133.x
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  • 6
    Electronic Resource
    Electronic Resource
    Executive Forum Restructuring the Wireless Industry and the Information Skyway (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 4 (1995), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1430-9134.1995.00139.x
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  • 7
    Electronic Resource
    Electronic Resource
    Tacit Collusion Under regulation in the Pricing of Interstate Long-Distance Telephone Services (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 4 (1995), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Analysis of seven wholesale and retail markets for long-distance telephone services since the AT & T divestiture indicates that service provider concentration declined in the later 1980s and then stabilized in the 2990–1993 period. In addition to this stability in market shares, a number of other conditions established since 1990 have been conducive to the development of market sharing rather than significant price competition. The most important of these conditions has been the tarifing process of the Federal Communications Commission by which MCI and Sprint replicate ATGT's price announcements. As market shares stabilized and became more equal, and as regulation formalized the price-setting process, the price-cost margins of the three large carriers increased and became more nearly identical. These results are consistent not with price competition but rather with emerging tacit collusion among AT&T, MCI, and Sprint.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1430-9134.1995.00147.x
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  • 8
    Electronic Resource
    Electronic Resource
    Money Out of Thin Air: The nationwide Narrowband pcs Auction (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 4 (1995), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The Federal Communications Commission held its first auction of radio spectrum at the Nationwide Narrowband PCS Auction in July 1994. The simultaneous multiple-round auction, which lasted five days, was an ascending bid auction in which all licenses were offered simultaneously. This paper describes the auction rules and how bidders prepared for the auction. The full history of bidding is presented. Several questions for auction theory are discussed. In the end, the government collected $617 million for ten licenses. The auction was viewed by all as a huge success an excellent example of bringing economic theory to bear on practical problems of allocating scarce resources.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1430-9134.1995.00267.x
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  • 9
    Electronic Resource
    Electronic Resource
    The Effect of Incentive regulation on Infrastructure Modernization: Local Exchange Companies' Deployment of Digital Technology (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 4 (1995), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This study examines the investment patterns of all large local exchange telephone companies in the United States over time. It identifies how different regulatoy environments have influenced the recent historical pattern of investment in modern infrastructure equipment. It focuses exclusively on the postdivestiture experience of local telephone exchange companies (LECs). It examines the growth of fiber-optic deployment and of complementary equipment associated with the modernization of today's information infrastructure. The study estimates the influence of different regulatory structures on infrastructure deployment by LECs. The study is unique in that if relates individual LEC investment patterns to LEC-specific regulatory, demographic, and economic characteristics. Thus, it isolates the contribution of state regulatory policies from that of other demographic and economic factors in the determination of infrastructure deployment at the state LEC rather than at the corporate level. Its main findings are as follows: First, price regulation (and, in particular, price caps) is a more potent regulatory mechanism than the standard earnings sharing scheme. Second, when associated with an earnings sharing scheme, price regulation is less effective in triggering infrastructure deployment than when it is implemented by itself. These results raise questions about the effectiveness of a popular regulatory instrument-earnings sharing schemes-and highlight the effectiveness of generic price-cap regulation. These results have implications for the design of regulatory policy at both the state and federal levels. In particular, given the importance currently being placed on the development of the information superhighway, regulatory emphasis should be focused more on price regulation than on regulating profits.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1430-9134.1995.00187.x
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  • 10
    Electronic Resource
    Electronic Resource
    Auctioning the Airwaves: The Contest for Broadband pcs Spectrum (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 4 (1995), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The House and Senate of the United States Congress recently passed legislation that directs the FCC to establish a system for using auctions to allocate the use of radio spectrum for personal communications services. There is a unique and unprecedented set of issues that arise in this context, which are of interest to economists, industry analysts, regulators, and policymakers. We discuss these issues and evaluate their likely impact on the outcome of the spectrum auctions. In addition, we argue that there may be pitfalls in the auction procedure adopted by the FCC, and we discuss possible alternative procedures.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1430-9134.1995.00345.x
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  • 11
    Electronic Resource
    Electronic Resource
    Why Are Royalty Rates Higher in Service-type Franchises? (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 4 (1995), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Royalty payments from a franchisee to a franchisor serve as incentive for the franchisor to provide appropriate levels of quality and brand, name investment. However, since they also distort the service provided by the franchisee, we should expect relatively lower royalty rates in franchises that are primarily service-oriented. Casual examination of royalty rates across product-oriented and service-oriented franchises shows that the opposite is true, with service-type franchises enjoying higher royalty rates. We resolve this apparent puzzle. The basic argument we put forth is that in product-type franchises, a franchisor can charge a wholesale price on goods transferred to the franchisee, thus using an alternative instrument that also serves as an incentive for the franchisor. Moreover, in general, a franchisor will use both wholesale price and royalty to minimize distortions in retail price and service at the retail level. We then test the predictions of our model on different industries and find confirmation for the same.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1430-9134.1995.00007.x
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  • 12
    Electronic Resource
    Electronic Resource
    Incentive Contracting Under Limited Liability (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 4 (1995), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: We examine the nature of incentive schemes between the principal and the risk-neutral agent in the presence of the agent's limited liability and ex ante action choice. We consider alternative schemes when a simple rental contract is infeasible due to the limited liability of the agent and study the effectiveness of a performance bonus scheme in achieving the first-best outcome. We also discuss some implications of such schemes in real practices.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1430-9134.1995.00477.x
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  • 13
    Electronic Resource
    Electronic Resource
    Input Market Competition and the Make-or-Buy Decision (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 4 (1995), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Recent theories of vertical integration based on incomplete contracts assume perfect competition on at least one side of the market. As a result, the make-or-buy choice has no redistributive effect and will reflect efficiency considerations only. This paper introduces imperfect competition into an otherwise standard model of a vertical relationship with noncontractable specific investments. We assume that there are a finite number of potential input suppliers with private information about their costs. We first show that a monopoly buyer of such inputs will often prefer to own the seller's assets even though it would be more efficient for the seller's assets not to be so owned. We then show that an increase in the number of potential partners on either side of the market reduces this inclination towards vertical integration. With perfect competition on either side of the market, the make-buy decision will reflect only efficiency considerations.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1430-9134.1995.00491.x
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  • 14
    Electronic Resource
    Electronic Resource
    Why Retailers Sell Private Labels (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 4 (1995), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper interprets private label marketing as a retailer instrument for overcoming the double-marginalization problem inherent in the distribution of well-known manufacturer brands. Retailers with some degree of market power carry private label substitutes for popular national brands in order to capture more profit from the vertical structures they share with brand manufacturers. The net effect of private label marketing is to improve the performance of distribution channels. After presenting a formal model and deriving analytical results, the paper gathers some empirical evidence that supports these results.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1430-9134.1995.00509.x
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  • 15
    Electronic Resource
    Electronic Resource
    Introduction (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 4 (1995), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1430-9134.1995.00001.x
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  • 16
    Electronic Resource
    Electronic Resource
    Horizontal integration for bargaining Power: Evidence from the Cable Television Industry (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 4 (1995), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper studies the hypothesis that large firms have more bargaining power with suppliers than do small firms, using data from the cable television industry. Employing techniques from the “new empirical lo,” the effect of owner size on marginal costs is inferred from the effect of owner size on observable product market choices. In the cable industry, the downstream firms decide how many subscriptions of cable to sell and how many channels to offer in the cable package. lf large firms have lower costs than small firms, then large firms should be willing to supply more than small firms, at all prices. The effects of bargaining power are identified separately from the effects of scale economies by exploiting the structure of the cable industry. Scale economies, in the cable industry, are likely to stem from regional size, while bargaining power is likely to stem from national size. By controlling for regional size, estimates of the effect of owner national size on the willingness to supply cable subscriptions and to offer channels indicate that large downstream firms offer significantly more subscriptions and channels at all prices than do small downstream firms. These results provide some of the first systematic, industry-specific, evidence consistent with the bargaining-power hypothesis.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1430-9134.1995.00375.x
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  • 17
    Electronic Resource
    Electronic Resource
    Usage Heterogeneity and Extended Warranties (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 4 (1995), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The role of product warranty in segmentation of consumer durable product markets is highlighted. I demonstrate that consumer moral hazard and heterogeneity in product usage create variation in the valuation of product warranties by the different segments in the market. In this context, the firm, by offering a self-selecting menu of base warranty and extended warranties, satisfies the warranty demands of the various segments of the population. The consumer choice behavior prediction of the theory with regard to extended warranty is empirically validated with data from a survey of new car buyers.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1430-9134.1995.00033.x
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  • 18
    Electronic Resource
    Electronic Resource
    Marketing Channels and the Durable Goods Monopolist: Renting versus Selling Reconsidered (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 4 (1995), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Research on durable goods has shown that because of a time inconsistency problem, a monopolist manufacturer prefers to rent rather than sell its product. We reexamine the relative profitability of renting versus selling from a marketing perspective. In particular, using a simple linear demand formulation, we assume a durable goods monopolist has to use downstream intermediaries to market its product. In contrast to the case of an integrated monopolist, we find that when the monopolist has to rely on intermediaries, then it prefers to go through an intermediary that sells rather than one that rents its product. Similarly, the intermediary that sells the product is more profitable than the intermediary that rents the product. However, if the monopolist can commit to a set of prices, then the intermediary that rents is more profitable than the intermediary that sells.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1430-9134.1995.00069.x
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  • 19
    Electronic Resource
    Electronic Resource
    Empirical Analysis of a Dynamic Duopoly Model of Competition (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 4 (1995), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Empirically validating and testing the specification of game theoretic models has received limited attention in the marketing literature. The authors provide an econometric framework for estimating the parameters of response functions when the observed data in the market place are the Nash equilibrium outcomes of an underlying dynamic duopoly game specification. Specifically, the estimation procedure accounts for the joint endogeneity of market shares and marketing efforts of market rivals using a system of simultaneous equations that included the market response function and the Nash equilibrium conditions. A formal statistical test is used to detect model misspecification. The empirical analysis is carried out using data from four product markets: pharmaceutical, soft drink, beer, and detergent. Comparisons are provided with conventional estimation of the response function parameters in which the equilibrium conditions are ignored in the estimation. Managerial implications of the empirical results are discussed.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1430-9134.1995.00109.x
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  • 20
    Electronic Resource
    Electronic Resource
    Organizational Diseconomies of scale (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 4 (1995), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Private information creates a cost of operating a hierarchy, which becomes larger as the hierarchical distance between the information source and the decision maker increases. When information about a firm's capabilities is dispersed among the individuals in the firm, production is inefficient even though everyone behaves rationally. Because hierarchies need rents in order to function, a firm with a long hierarchy may not be viable in a competitive industry.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1430-9134.1995.00399.x
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  • 21
    Electronic Resource
    Electronic Resource
    Product Rivalry with multiple Strategic weapons: an Analysis of price and advertising Competition (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 4 (1995), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: A dynamic model of product rivalry is developed for a market in which firms choose price and advertising intensity. The model, a state-space game, is implemented using data that consist of weekly price, sales, and promotional activity for four brands of saltine crackers sold by four chains of grocery stores in a small town. A number of questions can be asked of this data. First, is advertising predatory (merely changing market shares) or cooperative (shifting out market demand)? Second, are price and advertising own and cross-strategic complements or substitutes? And finally, do investments in stocks of goodwill and in price reductions make firms tough and aggressive or soft and accommodating?
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1430-9134.1995.00445.x
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  • 22
    Electronic Resource
    Electronic Resource
    Must Sell (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 4 (1995), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Why are moving sales a successful and widespread phenomenon? How can it be optimal for a seller to disclose her low valuation for the item to be sold? We propose an explanation based on the “lemons problem” in bargaining with asymmetric information about quality. Disclosing a low valuation signals that there are significant gains from trade, so that trade takes place when it wouldn't otherwise, and all agents are made better off.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1430-9134.1995.00055.x
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  • 23
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    Models of Competitive Price Promotions: Some Empirical Evidence from the Coffee and Saltine Crackers Markets (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 4 (1995), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: I present tests of a competitive rationale for price promotions. In a model with a population of informed and uninformed customers, price competition yields a static equilibrium in which each seller draws a price from a specified density function. Price data on coffee and saltine crackers products are used to test whether the sample of prices on each product could have possibly come from the theoretically specified density function. The results suggest that some markets are indeed consistent with the marginal distributions of prices predicted by the model. Furthermore, in the process of testing this rationale for price promotions, estimates are obtained for the marginal cost of each product, the number of competing goods, and the percentage of informed consumers. The resulting excess variability of these estimates across competing brands can also raise questions with respect to the empirical validity of the model.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1430-9134.1995.00085.x
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  • 24
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    Explaining the Choice Among Regulatory Plans in the U.S. Telecommunications Industry (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 4 (1995), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: We investigate why different states in the United States choose different regulatory plans in their telecommunications industry. We present a simple theoretical model and an empirical analysis of the issue. We find that a state is more likely to replace rate-of-return regulation with incentive regulation when: (1) residential basic local service rates have historically been relatively high; (2) allowed earnings under rate-of-return regulation in the state have been either particularly high or particularly low; (3) the state's leaders tend to come from both major political parties, rather than from a single party; (4) the state's urban population is growing relatively rapidly; and (5) the bypass activity of competitors in the state is less pronounced.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1430-9134.1995.00237.x
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  • 25
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    Better Late than Early: Vertical Differentiation in the Adoption of a New Technology (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 4 (1995), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: After the initial breakthrough in the research phase of R&D, a new product undergoes a process of change, improvement, and adaptation to market conditions. We model the strategic behavior of firms in this development phase. We emphasize that a key dimension to this competition is the innovation that leads to product differentiation and quality improvement. In a duopoly model with a single adoption choice, we derive endogenously the level and diversity of product innovations. We demonstrate the existence of equilibria in which one firm enters early with a low-quality product while the other continues to develop the technology and eventually markets a high-quality good. In such an equilibrium, no monopoly rent is dissipated and the later innovator makes more profits. Incumbent firms may well be the early innovators, contrary to the predictions of the “incumbency inertia” hypothesis.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1430-9134.1995.00563.x
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  • 26
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    Vertical Contracts as Strategic Commitments: How are They Enforced? (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 4 (1995), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper addresses the strategic commitment value of various price and nonprice vertical contracts. Assuming contract offers are sufficiently public to have strategic importance, we focus on commitment as a necessary and separable condition to be met. The analysis has two components. First, considering the relationship between a monopolist manufacturer and his imperfectly competing retailers, enforcement conditions necessary for alternative vertical contracts to have commitment value are identified in the static (reputation-free) context. It is shown that external help (i.e., enforcement by nonsignatories) is necessary for bilateral minimum resale price maintenance (price floors) and exclusive territory contracts to have commitment value, whereas maximum resale price maintenance (price ceilings) do not require such help (i.e., they are internally enforcing). Second, the paper provides an analysis of the U.S. case law and discusses the empirical validity of the “external enforcement” assumption that is shown to underlie recent proposals to make certain vertical restraints illegal.
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    URL: http://dx.doi.org/10.1111/j.1430-9134.1995.00623.x
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    AN EXPLORATORY COMPARISON OF INCOME RISK IN GERMANY AND THE UNITED STATES (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 41 (1995), S. 0 
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    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Using longitudinal data, 1 estimate the impact of redistribution on the welfare cost of income risk in Germany and the United States. The estimates account fully for behavior because individuals in each country have responded optimally to that country's policy. The results indicate that the welfare cost of income risk is 5.4 percent of disposable income in Germany, 8.5 percent in the U.S. Redistribution has reduced these risks from their pre-tax, pre-transfer levels by 43 percent in Germany, 21 percent in the U.S. The political importance of income security is evident in both countries, as risk relief often eliminates the net burden of redistributive taxes among middle-class households. The conclusions are robust across several models of income expectations.
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    THE 1993 REVISED SYSTEM OF NATIONAL ACCOUNTS: WHERE DO WE GO FROM HERE? (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 41 (1995), S. 0 
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    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The 1993 System of National Accounts is a remarkable document, but the System also has some major imbalances and omissions. The present paper spells out four aspects of the SNA that require further development: (1) accounting for the costs of economic change; (2) delineation of information as an economic commodity; (3) overhaul of the methodology underlying input-output accounts; and, (4) consequences of the System's implicit use of compacted accounting. These developments can be incorporated in a Supplementary Document in the near future. We need not wait 25 years.
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    HISTORY AND MEASUREMENT IN THE SERVICE SECTOR: A REVIEW (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 41 (1995), S. 0 
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    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Economic Council of Canada, Employment in the Service SectorDelaunay, Jean-Claude, and Jean Gadrey, Services in Economic Thought: Three Centuries of DebateGriliches, Zvi (ed.), Output Measurement in the Service Sectors
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    POVERTY AND INCOME INEQUALITY IN LATIN AMERICA DURING THE 1980s (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 41 (1995), S. 0 
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    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: On average, poverty and income inequality increased in Latin America during the 1980s. Forty-six percent of the increase in poverty took place in the cities of Brazil alone, though part of this reflects the migration of poor rural inhabitants to urban areas. There is strong evidence that both income inequality and poverty mirrored the economic cycle, rising during recession and falling during recovery. Economies that grew (e.g. Colombia, Costa Rica) performed better with respect to poverty and income inequality than those that stagnated. In particular, countries that failed to stabilize effectively (e.g. Brazil, Peru) experienced substantial increases in poverty. Educational attainment has the greatest correlation with both income inequality and the probability of being poor. From a policy standpoint, there is a clear association between the provision of education, lessening of income inequality, and poverty reduction.
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    THE LOSS OF EARNINGS CAPABILITY FROM DISABILITY/HEALTH LIMITATIONS: TOWARD A NEW SOCIAL INDICATOR (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 41 (1995), S. 0 
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    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Health problems and physical and mental impairments can restrict the kind and amount of work that individuals can perform. Several studies have estimated the loss in earnings experienced by disabled/health-limited workers, but they do not examine the trend in this loss over time. The authors propose an alternative indicator of productivity loss that is more appropriate for inter temporal comparisons: “lost earnings capability”–the difference between the amount of money persons could potentially earn if they were free of disability/health limitations and the amount of money that they can actually earn given their limitations. The estimates indicate that the mean lost earnings capability per disabled/health-limited person grew over the period from 1973 to 1988, while the population with disabilities/health limitations fell. In 1973, lost earnings capacity totaled about 5.3 percent of Gross National Product (GNP); by 1988, the loss had fallen to about 4.5 percent of GNP as a consequence of the reduction in the number of people with limitations. Data are from the Current Population Surveys and the Survey of Income and Program Participation.
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    INTERNATIONAL PERSPECTIVES ON PRODUCTIVITY AND EFFICIENCY (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 41 (1995), S. 0 
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    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Review Article on Industrial Efficiency in Six Nations
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    THE DISTRIBUTION OF HOUSEHOLD INCOME AND EXPENDITURE IN PORTUGAL: 1980 AND 1990 (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 41 (1995), S. 0 
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    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: From 1980 to 1990 Portugal experienced a generalized liberalization of economic activity, due in large part to its 1986 integration in the European Union. This paper studies the changes in the Portuguese distribution of household income and expenditure during this period, using micro-data on household budgets and applying recent developments in statistical inference for Lorenz curves. We find a significant increase in six measures of welfare and an unambiguous decrease in the inequality of the respective distributions. Different explanations for the findings of decreased inequality are discussed.
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    PENSIONS AND THE ELDERLY (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 41 (1995), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Richard Burkhauser and Dallas Salisbury (Eds.), Pensions in a Changing EconomyJohn Williamson and Fred Pampel, Old Age in Comparative Perspective
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    SPACE AND TIME COMPARISONS OF PURCHASING POWER PARITIES AND REAL VALUES (1984)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 30 (1984), S. 0 
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    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The calculation of purchasing power parities and quantity comparisons for a given year provides interesting information about the relative importance of countries. However, it is necessary to make these estimates annually in order to enable users to apply these parities for international comparison of annual data expressed in national currency. The paper deals with the problems related to merging spatial comparisons and temporal volume and price movements for the countries of the European Community. For these countries full information was collected in 1975 and in 1980, whereas in the intermediate years some price data were collected and price indices at a detailed level have also been collected. First the theoretical problems of consistency between the spatial results and temporal indices are discussed. Because no immediate consistency can be obtained, several methods are proposed to achieve consistency, by estimating one unique set of spatial and temporal indices. The available information for the period 1975-80 has been used in order to test the numerical differences between two sets of parities and price indices over time. Besides theoretical reasons for inconsistency, it is also necessary to take into account errors in the price observations or in the price indices. The results presented in the paper should be considered as provisional and further work will be undertaken to obtain better insights into the inconsistency between these sets of data.
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    THE HIDDEN ECONOMY: STATE AND PROSPECTS FOR MEASUREMENT (1984)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 30 (1984), S. 0 
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    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: To know the size and development of the hidden or underground economy is important for policy making, mainly because the measures undertaken may be misdirected if they are based on biased official statistics. The hidden economy can be measured by considering indicators. The direct methods are based on voluntary surveys and on tax auditing and other compliance methods. The indirect estimation methods rely on the identification of residuals with respect to income and expenditures, as well as in the labor and money markets. The strengths and weaknesses of each of these measurement approaches are discussed and the resulting estimates of the size of the hidden economy are compared. A different approach to measurement is to look at the determinants leading to the existence and growth of the hidden economy. Finally, the method of “unobserved variables” allows the combination of the two approaches by simultaneously considering the determinants and indicators of the under- ground economy. The results show a considerable range of sizes for a given country and year. Though there is a broad range of size estimates, there is general agreement that the hidden economy's size has been growing for all countries over recent decades. Further progress in quantitative knowledge about the hidden economy requires the development of a theoretical model which analyses the interdependencies between the official private sector, the hidden economy, and the public sector.
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    DECOMPOSING THEIL'S INCOME OF INCOME INEQUALITY INTO BETWEEN AND WITHIN COMPONENTS: A NOTE (1984)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 30 (1984), S. 0 
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    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    URL: http://dx.doi.org/10.1111/j.1475-4991.1984.tb00479.x
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    KJELD BJERKE (1980)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 26 (1980), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    URL: http://dx.doi.org/10.1111/j.1475-4991.1980.tb00180.x
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    VALUING GOVERNMENT EXPENDITURES: THE CASE OF MEDICAL CARE TRANSFERS AND POVERTY (1980)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 26 (1980), S. 0 
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    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper explores the choices and potential biases involved in valuing one type of government expenditure, medical transfers, and in estimating its antipoverty impact. Three methodological approaches–(a measure of) government costs, (a measure of) cash-equivalent values and (a measure of) funds released–are contrasted both in concept and in practice. We assign benefits to individuals after assuming that Medicare and Medicaid provide insurance to all those who are eligible. The resulting estimates for 1968 and 1974 illustrate the efficacy of these medical transfers in reducing the number of persons in poverty. Two recent studies, one by the Congressional Budget Office, and the other by Morton Paglin, further highlight the importance of medical transfers for estimating poverty, despite the fact that we do not wholly agree with the methodologies which they employ. Our results indicate that in the aggregate, while medical care transfers have a substantial impact on poverty, the choice of a specific estimation approach has little effect on poverty estimates. However, for the elderly and possibly also for other groups (e.g. the rural poor), choice of estimation technique is quite crucial for estimating the extent of poverty.
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    REGINALD E. BEALES 1909–1980 (1981)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 27 (1981), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    URL: http://dx.doi.org/10.1111/j.1475-4991.1981.tb00195.x
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    HOUSEHOLD INCOME OR HOUSEHOLD INCOME PER CAPITA IN WELFARE COMPARISONS (1980)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 26 (1980), S. 0 
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    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: In studies of income distribution household income is the common measure of household welfare, although household per capita income is better since it automatically “corrects” for household size. Perhaps the continued use of the former is a consequence of the belief that in practice the two give very similar results. This paper shows that in many cases those results differ substantially. Policy prescription based on household income rather than household per capita income can be very defective. The paper compares results according to the two income concepts for Malaysian data. U.S. data are then used in a comparison over time.The disparity between the two Malaysian distributions is illustrated by their cross tabulation. A quarter of the households in the lowest forty percent of the household income distribution is in the upper three quintiles of household per capita income; and 10 percent of the same lowest forty are in the highest two quintiles of the second distribution. The paper also shows that the distribution of benefits from public education-measured as the public costs of school years—is very inegalitarian if household income is used. The reverse occurs if household per capita income is used. Similar reversals occur in comparisons involving partitions by occupation and sex of head of household. Women-headed households, for example, have sub-mean household incomes but their household income per capita equals the mean. The paper also examines the differences in the age-income profiles of the two distributions. It then considers whether the much discussed secular stagnation in U.S. measures of inequality is changed if household income per capita is used rather than the usual household income measure. Use of the per capita concept results in a slight decrease in U.S. inequality between 1947 and 1972. Appendix 2 explores how long term growth in per capita incomes and the associated changes in the size composition of households may affect measurements of inequality.
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    A NOTE ON THE REAL VALUE OF INTERNATIONAL FINANCIAL ASSETS: AN APPLICATION TO NON-OIL DEBT (1980)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 26 (1980), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    IMPROVING THE ANALYTICAL AND DATA FRAMEWORK OF THE GOVERNMENT SECTOR FOR NATIONAL GOALS ACCOUNTING (1980)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 26 (1980), S. 0 
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    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Provision of “market goods” follows the decision rules of traditional microeconomics; pricing and resource allocation for such goods tend towards Pareto optimality. The provision of “collective goods,” by contrast, depends on political (or quasi-political) collective decision processes; beneficiaries often receive a share of collective goods free of charge or well below average or marginal (private or social) costs. No inherent tendency towards optimality may be presumed and separate analysis of collective goods becomes an essential part of national goals accounting.The national-income-accounts (NIA) distinction between personal consumption expenditures (PCE) and government purchases of goods and services corresponds roughly to a division between market goods bought by the consumer and a major category of “collective goods” (i.e. “public goods” provided by government). However, a significant proportion of PCE represents “collective goods” paid for by government, business, or nonprofit organizations and provided on behalf of the consumer, whereas a part of NIA government purchases represents services paid for by the consumer (i.e. “market goods”).This article develops operationally meaningful distinctions among “market goods,”“collective goods,” and “tied aid” (a mixed category with market-good and collective-good characteristics). These distinctions are determined by the nature of the decision processes–rather than by the characteristics of the beneficiary or the supplier. This classification is related to the national income accounts and major discrepancies are pinpointed. The blurring of the distinction among market goods, collective goods and tied aid is found to be most consequential in the NIA treatment of “education” and “medical care” services. NIA data for these two services are restructured for national goals accounting purposes in order to illustrate both the quantitative importance and the empirical feasibility of classifying benefits by their respective decision processes.
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    THE MEASUREMENT OF REAL OUTPUT OF PUBLIC SECTOR SERVICES (1980)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 26 (1980), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Recently there has been discussion concerning the renewal of the volume measurements of public sector services. This renewal has been proposed e.g. in the recent United Nations Draft Manual on Public Sector Statistics. In the present paper we discuss some theoretical and practical problems connected with this renewal. According to some preliminary calculations concerning the Finnish educational sector, the new methodology might lead to a considerable revision of figures of output and labour productivity in the public sector. The revisions are of such a quantity that they might cause significant changes in the measurement of the volume of the total gross domestic product. This is a fact which may still require reflection before the new methodology is generally introduced, even though the revisions as such may be highly desirable from several aspects.
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    INTERNATIONAL COMPARISONS OF REAL PRODUCT AND ITS COMPOSITION: 1950–77 (1980)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 26 (1980), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Structural relationships estimated from data obtained in a benchmark study of the expenditures and prices of 16 countries are used to develop a table of real gross domestic product and shares of gross domestic product devoted to private and public consumption and investment for each of over 100 countries in the years 1950 and 1960 through 1977. Price level estimates for total product and the three components are also provided.
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    EFFECT OF PUBLIC EXPENDITURES ON INCOME DISTRIBUTION WITH SPECIAL REFERENCE TO VENEZUELA (1980)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 26 (1980), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Taxes as well as government expenditures tend to transform income distribution; the higher they are in relation to GDP, the higher their potential influence appears. It is easier to trace the incidence of taxes than that of expenditures and studies of effects of expenditures on income distribution are not frequent. Changes of fiscal legislation and deficiencies in reporting systems and statistics frequently found in developing countries complicate the task still further.An investigation of this type in a developing country has to face a poorly developed data base and take advantage of different and dispersed sources of information.This paper presents the methodology used for estimating the influence of government expenditures a n income distribution in the case of Venezuela. Although the incidence of fiscal activities on income distribution in Venezuela might not necessarily be the same as in other countries, Venezuelan sources of information are not very different from those existing in other countries of similar level of economic and statistical development and procedures used could appropriately be adapted to other countries.
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    THE SENSITIVITY OF INTERNATIONAL POVERTY COMPARISONS (1998)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 44 (1998), S. 0 
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    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Using data from the Luxembourg Income Study, I study the sensitivity of cross-national income poverty comparisons to the method in which poverty is measured. Absolute poverty comparisons that keep the purchasing power at the poverty line constant across countries lead to conclusions that differ from relative poverty comparisons in which the real value of the poverty line varies with average income. The absolute poverty ranking of countries also varies as the real value of the poverty line is lowered. Cross-national differences in household characteristics are largely irrelevant in explaining poverty differences.
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    INEQUALITY AND MOBILITY OF WEALTH IN SWEDEN 1983/184–1992/193 (1998)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 44 (1998), S. 0 
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    Topics: Economics
    Notes: Using longitudinal data which include real estate wealth, financial assets as well as consumer durables, changes in the distribution of wealth in Sweden are related to major changes in asset prices and in incentives to hold various assets in the 1980s and the beginning of the 1990s. Our analysis of the mobility of wealth indicates that decile mobility is higher in Sweden than in the U.S., while the analysis of who is gaining and who is loosing shows results similar to those of previous studies.
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    ATKINSON AND BOURGUIGNON'S DOMINANCE CRITERIA: EXTENDED AND APPLIED TO THE MEASUREMENT OF POVERTY IN FRANCE (1998)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 44 (1998), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: We demonstrate that the criteria put forward by Atkinson and Bourguignon (1987) can be satisfactorily applied to the analysis of poverty even when the demographic composition of society and the definition of poverty change over time. We show that they provide both sufficient and necessary conditions for any robust conclusions concerning the changes in welfare and poverty. We apply these criteria to a set of data tracking annual income distribution movements in France from 1977 to 1994. The Atkinson and Bourguignon criteria posit that recent changes in poverty are a function of macroeconomic fluctuations in activity.
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    WEALTH ACCUMULATION OF CANADIAN AND FOREIGN-BORN HOUSEHOLDS IN CANADA (1998)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 44 (1998), S. 0 
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    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This study focuses on the role of foreign-born households in Canada's asset market. An empirical analysis of wealth accumulation is conducted for a large sample of Canadian households circa 1977–84. This study period reflects a change in Canada's immigration policy which resulted in immigration Rows switching from Europe to Asia. A life-cycle framework is used to examine wealth accumulation behaviour of the foreign-born vis-à-vis Canadian-born households. The empirical results confirm the existence of an inverted ‘U’-shaped wealth-age profile for both Canadian and immigrant households. However, the 1977 results show that the rate of wealth accumulation is higher for the immigrant household than the Canadian-born household in pre-retirement years, while the 1984 results reveal the opposite. After retirement, the rate of wealth dissipation is slower for Canadians than for foreign-born households. Only the 1984 results indicate that public social security wealth displaces household savings for both the Canadian-born and the foreign-born by a small amount. Finally, an immigrant household exhibits a stronger transfer motive within a family than a Canadian-born household regardless of year tested.
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    VERTICALLY INTEGRATED MEASURES OF THE RATE OF PROFIT IN THE UNITED STATES 1950–90 (1998)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 44 (1998), S. 0 
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    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper investigates the importance of increases in the productivity of producing capital in estimates of the profit rate decline which occurred in the United States during the period 1950–90. We find that, when profit rate measures take into account the increasing productivity of producing capital stock (as measured by the embodied labor required to produce it), the observed decline is about one-half that found using conventional measures of profit. This finding has important implications for interest rate and investment policies.
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    SOCIAL CHALLENGES TO ECONOMIC ACCOUNTING AND ECONOMIC CHALLENGES TO SOCIAL ACCOUNTING (1980)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 26 (1980), S. 0 
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    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The question addressed in this paper is: Why can't we have a good measuring rod of the economic and social performance of our society? The answers are basically positive but lie mostly in the direction of (1) avoiding simplistic solutions such as turning the national income accounts into a measure of social welfare and (2) providing the elements of an information strategy to obtain such a measure or more accurately such a set of measures.The proposed information strategy highlights five activities: (1) the presentation and analysis of welfare outcomes, an activity which is analogous to but broader than “social indicators”; (2) social accounting which includes economic accounting, demographic accounting, and time-use accounting; (3) model building and operation which, unlike accounting, are concerned with behavioral or causal relationships used to explain and project welfare outcomes; (4) hypothesis testing to develop new insights into economic and social behavior; and finally (5) the building and maintenance of a data base required for carrying on the aforementioned four activities.
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    SHAREHOLDINGS OF NON-PERSONAL INVESTORS IN MANUFACTURING COMPANIES OF MALAYSIA (1980)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 26 (1980), S. 0 
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    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The importance of non-personal shareholders in Malaysian corporations is widely acknowledged. However, up till now, very little has been known about the nature of these shareowners, their manner of equity ownership (especially their size of holdings hence degree of share concentration), their country of incorporation and how they themselves are controlled i.e. whether Malaysian or foreign. This paper attempts to fill this gap with data compiled from official shareholders' lists of the largest ninety-eight Malaysian incorporated companies engaged in manufacturing, for a point in time 1975–75, which is towards the end of the Second Malaysia Plan period. Some of the empirical findings are then compared with those of a few selected countries.
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    Capital Transfer Tax: Adieu (1984)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 5 (1984), S. 0 
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    ISSN: 1475-5890
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    URL: http://dx.doi.org/10.1111/j.1475-5890.1984.tb00589.x
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    Contracting Out of the State Earnings Related Pension Scheme (1981)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 2 (1981), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    URL: http://dx.doi.org/10.1111/j.1475-5890.1981.tb00467.x
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    The Impact of the 1984 Budget on the Household Sector (1984)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 5 (1984), S. 0 
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    ISSN: 1475-5890
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    Subsidising Consumer Services: Effects on Employment, Welfare and the Informal Economy (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 16 (1995), S. 0 
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    ISSN: 1475-5890
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    Progressivity and Graduation in Income Tax (1984)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 5 (1984), S. 0 
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    ISSN: 1475-5890
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    The 1984 Budget, the Finance Bill and Corporate Finance: A Correction (1984)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 5 (1984), S. 0 
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    ISSN: 1475-5890
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    Inequality in Family Earnings (1984)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 5 (1984), S. 0 
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    ISSN: 1475-5890
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
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    After Dawson (1984)
    Oxford, UK : Blackwell Publishing Ltd
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    ISSN: 1475-5890
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: At the first residential conference of the Institute for Fiscal Studies, which was held at St. Edmund Hall, Oxford, in September 1983, Mr Stewart Bates, QC, spoke on the implications of the decision of the House of Lords in the case of W. T. Ramsay Ltd v CIR. A report of those proceedings was held over until the decision of the House of Lords in the case of Furniss, v Dawson was known. The following report is based upon Mr Bates' address and the comments of Mr Stephen Oliver, QC, Mr John Avery Jones and Mr Adrian Shipwright who spoke at a lunchtime seminar convened by the IFS on 9 March 1984 to consider the decision in Furniss v Dawson. This report does not reflect the opinions of the IFS, which has no corporate views.
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    The Analytical Foundations of the Medium-Term Financial Strategy (1984)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 5 (1984), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    The Chancellor's Arithmetic (1984)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 5 (1984), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    The 1984 Budget, the Finance Bill and Corporate Finance (1984)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 5 (1984), S. 0 
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    ISSN: 1475-5890
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    Privatisation: Analysing its Appeal and Limitations (1984)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 5 (1984), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    Government and the New Hybrids: A Trail of Unanswered Questions (1984)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 5 (1984), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
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    The Exchequer Costs of Unemployment (1981)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 2 (1981), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
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    The Age Allowance (1981)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 2 (1981), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
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    The Economic Implications of North Sea Oil Revenues (1980)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 1 (1980), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
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    The Meade Report After Two Years (1980)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 1 (1980), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
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    The Common Agricultural Policy (1980)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 1 (1980), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    Cash Limits (1980)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 1 (1980), S. 0 
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    IS JAPAN'S HOUSEHOLD SAVING RATE REALLY HIGH? (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 41 (1995), S. 0 
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    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper discusses, and measures the quantitative impact of, a number of conceptual issues relating to the household saving rate data in the National Accounts of Japan. It finds that Japan's seemingly high household saving rate is biased due to the exclusion of capital transfers and real capital gains, the valuation of depreciation at historical cost rather than at replacement cost, the use of a residual measure of financial saving rather than Flow of Funds Accounts data thereon, and the treatment of expenditures on consumer durables as consumption rather than as saving, but that the biases are to a considerable extent mutually offsetting. It also finds that the Japan-U.S. gap in household (personal) saving rates is due largely to conceptual differences and deficiencies and that household saving in Japan consists primarily of financial saving (net lending), meaning that most of it is available to finance investment in other sectors of the economy and/or abroad.
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    ELEMENTARY AGGREGATES, MICRO-INDICES AND SCANNER DATA: SOME ISSUES IN THE COMPILATION OF CONSUMER PRICE INDICES (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 41 (1995), S. 0 
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    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The paper argues for the use of scanner data from EPOS systems for use in the compilation of consumer price indices. A number of methods of calculating micro-indices from such data are outlined. Scanner data for colour television sets in the U.K. are used as an example. The Tornqvist chained index is used as a benchmark against which alternative formulations, including those based on representative products, can be judged, the errors often being substantial. The paper argues for the use of scanner data, illustrates methods of compiling micro-indices and points to the potential for serious errors from conventional methods.
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    Announcements (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 41 (1995), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    URL: http://dx.doi.org/10.1111/j.1475-4991.1995.tb00141.x
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    ELDERLY ASSETS, MEDICAID POLICY, AND SPEND-DOWN IN NURSING HOMES (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 41 (1995), S. 0 
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    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Recent economic research has suggested that Medicaid long-term insurance may reduce the personal savings levels of elderly citizens. This analysis shows that the opposite behavior, due to welfare aversion, actually happens. Barring any behavioral effects, personal wealth and income alone should determine the length of time an individual must stay in a nursing home until spend-down occurs. Wealth and income data from two different samples of the elderly are used to predict the distribution of time until spend-down, which is then compared with the actual distribution of the time until spend-down among residents of nursing homes. Contrary to expectations, it appears that the elderly receive transfers to avoid Medicaid eligibility. This result cannot be explained away by sample selection, demographics, or uncertainty about prices. One implication of this result is that Medicaid could expand eligibility by raising the asset limit without dramatically increasing expenditures or the number of residents who spend-down.
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    THE VALUE ADDED OF NATIONAL ACCOUNTING (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 41 (1995), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    Announcements (1995)
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    Review of income and wealth 41 (1995), S. 0 
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    PUSHING THE SISYPHEAN BOULDER? MACROECONOMETRIC TESTING IN LATIN AMERICAN COUNTRIES (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 41 (1995), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: What are the implications of the historically observed economic policy instability in Latin American countries (LACs) for macroeconometric testing? Two pressing restrictions on the econometrician using time-series of LACs arise: time-varying parameters and time-varying specifications. Such an instability also has profound impacts on time-series measurements of national accounts at constant prices. This, together with the “second best methodology” used in LACs for computing real GNP, implies that LACs figures on GNP growth reflect growth in gross production rather than in value added. LACs time-series for private consumption are unreliable. Crucial data set constraints in LACs further complicate the task for the econometrician.
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    CATHOLIC-PROTESTANT INCOME DIFFERENCES IN NORTHERN IRELAND (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 41 (1995), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The purpose of this paper is to analyse income differences betweeen Catholic and Protestant families in Northern Ireland (NI) using Family Expenditure Survey micro-data. The paper's first conclusion is that there is much greater inequality within the Catholic and Protestant communities than there is between them. It's second conclusion, based upon econometric analysis of data for full-time employees, is that the lower mean income of Catholics, relative to Protestants, could be entirely explained in terms of different rates of reward attached to a given set of labour market characteristics.
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    ON THE INTERPRETATION AND APPLICABILITY OF A “GREEN NATIONAL PRODUCT” (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 41 (1995), S. 0 
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    Topics: Economics
    Notes: Several economists have recently suggested that the national product should be adjusted for the value of environmental damages. In this paper we look at some of the difficulties one encounters when the correcting formulae derived from simple theoretical models are transferred to applied national accounting. In particular, the paper is concerned with the question of whether a corrected national income measure will actually provide relevant information for policy-makers.It is shown that a “green national product” will be very difficult to interpret. In general, it may not give any indications of the necessity of imposing stronger environmental policy actions. Nor does it indicate the hypothetical state of the economy after a change in environmental efforts.
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    REAL GDP IN THE SEVEN COLONIES OF AUSTRALASIA: 1861–1991 (1995)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 41 (1995), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Using data on regional money stocks, a variant of Fisher's (1911) quantity theory of money identity, and a technique first suggested by Doblin (1951) and Friedman (1961), this paper presents the first consistently-based estimates of real GDP in each of the seven British colonies of Australasia for the period 1861–1991. Examination of the historical pattern of growth in the regional economies of Australasia has not previously been undertaken, due in particular to the dearth of data on aggregate incomes for the colonies (later states) of Australia. The data calculated here reveal the historical pattern of the domination of New South Wales, Victoria and New Zealand in real Australasian GDP, and the shrinkage of the cross-sectional dispersion of real per capita GDP in the seven colonies over this 13 1-year period.
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    EXTERNAL TERMS OF TRADE OF THE FEDERAL REPUBLIC OF GERMANY USING DIFFERING METHODS OF DEFLATION (1980)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 26 (1980), S. 0 
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    Topics: Economics
    Notes: This paper deals with the influence of differing methods of deflation on the international terms of trade of the Federal Republic of Germany. The question to be discussed is what indices seem best suited for the deflation of exports and imports in national accounts. It will be shown that the use of alternative price indices for deflating exports and imports leads to considerable differences of the results at constant prices and so in terms of trade. In addition, terms of trade are presented by groups of countries.
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    NOTES ADVERTISING AND NATIONAL INCOME: A FABLE (1980)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 26 (1980), S. 0 
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    THE STRUCTURE OF AMERICAN INCOME INEQUALITY (1984)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 30 (1984), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Income inequality is examined using the Panel Study of Income Dynamics and a consistent decomposition analysis. I only use inequality measures that satisfy the Principle of Transfers, have the property that a ceteris paribus increase in inequality within any subgroup increases overall inequality, and are independent of the scale of income and population. Decompositions are carried out by family size and by age of head for several definitions of income and income recipient. Whilst changing the time unit over which income is measured has a substantial impact on inequality, the effect of removing the between-age-group component of inequality is relatively slight.
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    ICP 1980—A BRIEF ACCOUNT FROM AUSTRIA (1984)
    Oxford, UK : Blackwell Publishing Ltd
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper discusses Austria's experiences in connection with the 1980 round of the UN International Comparison Project, in which comparisons were first made within regions and the regions then linked. Austria played a dual role, as (a) the linking country between Group I (the European Community) and Group II (selected middle and eastern European countries), and (b) the base country for Group II. The paper consists of two principal parts. The first part reports, at the 3-digit commodity level, on the success achieved in finding comparable items, both within Group II and between Austria and Group I. The second part discusses a number of methodological problems that were encountered in carrying out the comparison. Chief among these was the treatment of social services that are marketed in some countries and provided free of charge or at nominal prices in others. Other questions touched upon include the treatment of output for own consumption, rents, drugs and medicines, and tourist expenditures.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1475-4991.1984.tb00484.x
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    HUMAN CAPITAL INVESTMENT IN HEALTH: A MEASUREMENT FRAMEWORK AND ESTIMATES FOR THE UNITED STATES, 1952–78 (1984)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 30 (1984), S. 0 
    Details
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Lack of a conceptual basis for measuring human capital investment in health has hampered efforts to expand national accounting systems to include human capital investment. This paper presents a conceptual basis for developing estimates of this health investment, an estimation methodology consistent with the conceptual basis, and preliminary estimates for the United States for 1952-78.While much work remains to be done before comprehensive estimates of investment in health are achieved, it is clear that previous estimates based on answers to the question, “What improves health?” have included some inappropriate expenditures while excluding others that should be included.The conceptual basis presented here leads to a methodology for separating health care costs (not the costs of illness) into maintenance and gross investment. Gross investment can be further separated into net investment and the sum of damages and depreciation but empirical implementation of this step is not attempted here.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1475-4991.1984.tb00476.x
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  • 88
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    QUANTITY AND PRICE EFFECTS IN AN ANALYSIS OF WORLD TRADE BASED ON AN ACCOUNTING MATRIX (1984)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 30 (1984), S. 0 
    Details
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper describes the construction of an accounting matrix for the world economy in 1977, cast along similar lines to SNA National Accounts, but one in which trade flows replace inter-industry flows as intermediate demand. The matrix distinguishes ten regions. Institutional accounts are presented for three of these, the European Community, North America and Japan. This matrix is used to provide the basis of a linear model in which average propensities to import and consume are replaced by estimated marginal propensities. Use is made of standard estimates of the income effects of terms of trade changes in order to distinguish substitution from income effects in the model, and a means is suggested for separating the full as well as the impact effects of a terms of trade change into income and substitution effects. The estimated import equations are used to derive estimates of regional growth rates compatible with external balance in each region. Multiplier matrices are calculated from the model showing regional interdependence of the world economy reflecting the pattern of trade which is identified in the marginal propensities to import.The effects of various aid policies are calculated using the model. It is shown that the cost of aid to any region is radically altered by taking into account the feedback effects of changes in demand. A policy of tied aid pursued by EEC, North America and Japan can actually lead to an improvement in Japan's balance of payments position. Finally the effects of movements in relative prices are illustrated by means of two examples.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1475-4991.1984.tb00478.x
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  • 89
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    NEW INSIGHTS INTO THE STRUCTURE OF THE WORLD ECONOMY (1981)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 27 (1981), S. 0 
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    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The United Nations' newly completed study of purchasing power parities covering 34 countries varied in region, income level, and form of economic organization shows the systematic differences between the usual view of the structure of the world economy arising out of international comparisons based upon foreign exchange rate conversions and the structure one sees when actual prices are available.The real per capita GDP of developing countries is understated relative to developed countries when exchange rates are used in converting countries' national income accounts to a common currency, with the degree of understatement for any two countries being inversely related to the per capita income difference between them. The reason for this is that relative prices in the non-traded goods sector are lower relative to traded goods prices in low income countries. The systematic pattern observed in the 1975 data of the 34 countries has been extrapolated over time and space to get estimates of GDP for other years and countries.In the absence of detailed price data, the real shares of final expenditures devoted to particular components of the total can only be estimated as the proportion of own currency total expenditure devoted to the components. The observed differences in the pattern of prices of poor countries relative to rich for different components makes this clearly wrong for international comparisons, and in systematic ways. For example, (i) the relative price of services compared with commodities in poor countries is lower than in rich; so the apparent tendency of the share of services to rise as a country's income rises disappears when real quantities are considered; similarly, (ii) the relative price of capital goods is greater in poor countries compared with rich ones, so the difference in investment ratios out of GDP between rich and poor countries is understated.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1475-4991.1981.tb00241.x
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  • 90
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    THE MEASUREMENT OF TERMS OF TRADE EFFECTS (1981)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 27 (1981), S. 0 
    Details
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The change in goods and services available in a national economy brought about by the shifting of external price relationships is referred to as the terms of trade effects. This paper reviews the various methods which have been devised since the war to define and quantify such effects on the Gross National Product. The statistical annex shows that, as far as OECD countries are concerned, the differences between the various measures are not significant. Whereas the effects from terms of trade represented, on average, less than one half of one percent of the GNP of OECD countries during the 1960's the percentage has increased substantially since 1973, due most importantly to the increase in the oil price; by 1977 (on a 1970 price basis), it had reached 5 percent of GNP in Japan and up to 6 percent in Italy. On the other hand, the extreme case of Saudi Arabia where various formulas generate effects amounting to between one half and the whole of GNP, indicates that the measurement of terms of trade effects by various methods may give different results.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1475-4991.1981.tb00247.x
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    A COMPARISON OF DISTRIBUTIONS OF ANNUAL AND LIFETIME INCOME: SWEDEN AROUND 1970. (1981)
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 27 (1981), S. 0 
    Details
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The concern with income distribution has always mainly existed because of a concern with individuals' economic welfare. In recent years, the question has arisen whether the distribution of annual income—the distribution most often studied—is the best proxy for the distribution of economic welfare. Other measures, such as lifetime income, have been proposed instead.The paper starts with a discussion of how to define and measure the distribution of lifetime income. By using a simulation model, which partly consists of estimated functions and partly of tax functions taken directly from tax laws, distributions of lifetime income, variously defined, are then constructed. These distributions are compared with each other, and with distributions of annual income. The simulations indicate that the distribution of lifetime income is considerably less unequal than the distribution of annual income. Whether inheritances are included or not seems to be of no importance for the inequality of lifetime income. If, on the other hand, we include the value of leisure time in lifetime income, inequality increases by about 10–15 percent. Distributions of income after tax have Gini coefficients which are approximately 25 percent less than the Ginis for the before-tax distributions. We thus find that the picture of inequality we get is very much dependent on which income concept we use.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1475-4991.1981.tb00227.x
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    What Has Britain's Growth Rate Really Been? (1980)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 1 (1980), S. 0 
    Details
    ISSN: 1475-5890
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1475-5890.1980.tb00451.x
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    The Reduced Rate Band (1980)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 1 (1980), S. 0 
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    ISSN: 1475-5890
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1475-5890.1980.tb00558.x
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    Are there Feasible Reforms for Corporation Taxes? (1980)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 1 (1980), S. 0 
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    ISSN: 1475-5890
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1475-5890.1980.tb00562.x
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    The New System of Petroleum Revenue Tax (1980)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 1 (1980), S. 0 
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    ISSN: 1475-5890
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1475-5890.1980.tb00551.x
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    Macroeconomic Aspects of the 1984 Budget (1984)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 5 (1984), S. 0 
    Details
    ISSN: 1475-5890
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1475-5890.1984.tb00383.x
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    Savings Taxation: The Chancellor's “Middle Way” (1984)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 5 (1984), S. 0 
    Details
    ISSN: 1475-5890
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1475-5890.1984.tb00386.x
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    Does Dividend Policy Matter? (1984)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 5 (1984), S. 0 
    Details
    ISSN: 1475-5890
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1475-5890.1984.tb00373.x
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    What is the Public Sector Worth? (1984)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 5 (1984), S. 0 
    Details
    ISSN: 1475-5890
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1475-5890.1984.tb00374.x
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    The 1984 Corporation Tax Reform (1984)
    Oxford, UK : Blackwell Publishing Ltd
    Fiscal studies 5 (1984), S. 0 
    Details
    ISSN: 1475-5890
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1475-5890.1984.tb00385.x
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