An estimation of the regulatory impact on technical change in the electric utility industry, indicating that regulation retarded the rate of technical change experienced by a sample of Ohio electric utilities over the 1965 to 1982 period.

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 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.

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