Le But de Cet Article Est de Montrer Qu'une Equation Macrodynamique du Circuit Est Compatible Avec une Equation de Prix Dont les Determinants Microeconomiques Sont Familiers. Cette Nouvelle Formulation de L'equation des Prix Est Importante Car Elle Est a la Base D'une Nouvelle Explication de...

Recent work suggests that the conditional variance of financial returns may exhibit sudden jumps. This paper extends a non-parametric procedure to detect discontinuities in otherwise continuous functions of a random variable developed by Delgado and Hidalgo (1996) to higher conditional moments,...

In Recent Years, the Ratio of Inventories to Sales in North America Manufacturing Has Fallen Without the Offsetting Increases in Unfilled Orders Or Price Variation That Are Predicted by Some Theoretical Models. the Explanation Offered Here Is That in the Face of Falling Relative Costs of...

We study the construction of a social ordering function for the case of a public good financed by contributions from the population, and we extend the analysis of Maniquet and Sprumont (2004) to the case when contributions cannot be negative, i.e. agents cannot receive subsidies from others.