A description of two ways of adding an equation for total factor productivity to the generalized cost system of Atkinson and Halvorsen; includes a discussion of testing for regulatory biases.

An analysis assessing the sensitivity of consumption to income using a life-cycle model of consumption that incorporates the possibility of bankruptcy.

An estimation of the life cycle/permanent income model with rational expectations that allows for uncertain future interest rates. Results provide ample evidence to reject this form of model during the postwar period.

A regional analysis of the steel industry with emphasis on the economic performance of minimills and integrated mills.

A test of the Averech-Johnson and the Joskov models of the electric utility regulatory process.

An examination of the components of total factor productivity, including its measurement and the usefulness of TFP indicators to regulators.