On supply-constrained equilibria

The paper gives sufficient conditions for the existence of an equilibrium with price rigidities and quantity rationing where: (i) demand is never rationed; (ii) net trades of an a priori chosen numeraire are never rationed; and (iii) supply is rationed only when relative prices are downward rigid.     

Economic status of france: Past,present, and future

Conclusion To conclude, France may be only seventh or eighth in terms of manufacturing GDP per head and ninth or tenth in terms of GDP per head. This is, after all, not bad and certainly it is not bad if one compares France with the developing world. But such measurements are, in any case, only in terms of national accounting figures. I am sure life is much better in France than in the few countries which are ahead of it in those accounting terms. Maybe France is only seventh or eighth because it has to pay for all those other good aspects of life. Other interpretations would be that it is only seventh or eighth because the French people enjoy too much those good aspects, or even because they choose not to be too competitive with respect to the other countries. One of my colleagues used to say that if we French were to work as much as the Japanese do, we would be excessively competitive...and we do not want to harm the other countries. Invited Address at the Thirty-Third International Atlantic Economic Conference, April 4–10, 1992, French Riviera.     

Weighting income ranks and levels: A Multiple-Parameter Generalization For Absolute and Relative Inequality Indices

This paper gives a general expression for a multiple parameter index of absolute or relative inequality and indicates that the indices suggested by Atkinson, Kolm and Gini are particular cases of the proposed generalized index.     

A simple proof of Blackwell's “comparison of experiments” theorem

This note presents a simple proof of Blackwell's well-known theorem on the equivalence of two orderings of experiments, one based on the statistical concept of sufficiency, and the other on the economic concept of the value to the decision makers.