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This re-analysis of Tobin's (l950)study makes three points: (1) graphs are a powerful device for discovery and for communication, and can reveal much of the information in the data; (2) squeezing out the more subtle multivariate messages requires some solution to the usual overparameterization...
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This paper combines the perspective of an international economist with that of an economic geographer to reflect on how and to what extent the Internet will affect the location of economic activity. Even after the very substantial transportation and communication improvements during the 20th...
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Bayesian methods are logical, admissible, linguistically natural, helpful, conceptually simple, and honest. But they are also preposterous and very labor intensive. Generalized Bayesian methods allow data to be confusing and inconclusive. A Bayesian viewpoint allows one to get a handle on the...
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The three-factor, n-good model is displayed graphically and tested empirically. The three-dimensional endowment vectors and expansion paths are represented by points in an endowment triangle. Features of this endowment triangle determine relative factor returns, Rybczy nski and Stolper-Samuelson...
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