The Theil-Barbosa framework of "rational random behavior" in the theory of consumer demand involves a decision-maker who minimizes the sum of a loss functional u and the cost of information c(I). The definition of information I is that used in the information theory literature associated with...

This study reformulates the National Income Accounts definitions of the government deficit and surplus and gross private saving. These new definitions are based on employing the change in the real value of government debt, due to price and interest rate changes, as a measure of the real deficit...