This paper reports on the application of an econometric forecasting technique to a state (Hawaii) with a relatively simple revenue structure and sufficient data to permit the estimation of relationships which determine the bulk of state revenues. A thirty-equation model which determines excise,...

The paper examines three extensively used propositions regarding changes in utility and social welfare attributable to small changes in consumption bundles. It is shown that, though these propositions are valid when the changes in consumption bundles are ``infinitesimally small,''' none of the...

Distinguishing between intended ("good") production and unintended or residual ("bad") generation, we introduce the concept of by-production. In by-production technologies, pollution is an output that satises a "costly disposability" assumption and violates standard free disposability with...

Deals with a study that derived a labor-participation function from a simple probability model. Theoretical foundation of participation functions; Computation of the potential labor force; Response of the labor force to changing unemployment rates. (Abstract copyright EBSCO.)

Using nonparametric, production-frontier methods, we decompose labor productivity growth into components attributable to technological change (shifts in the world production frontier), technological catch-up (movements toward or away from the frontier), and physical and human capital...