Marc Nerlove - Academia.edu (original) (raw)
Papers by Marc Nerlove
Journal of Public Economics, Mar 1, 1993
The Economic Journal, Jun 1, 1988
RePEc: Research Papers in Economics, 1983
The implications of endogenous determination of fertility for certain population policy issues ar... more The implications of endogenous determination of fertility for certain population policy issues are considered. By endogenous fertility the authors mean that "parents determine the number of children they have and what they bequeath to them in the form of physical or human capital in response to the economic constraints they face and in such a way as to maximize their own satisfaction." The effects on population growth of the various assumptions tested are considered. (EXCERPT)
Palgrave Macmillan UK eBooks, 1987
Research in the history of economic thought and methodology, Aug 10, 2017
Oxford University Press eBooks, Nov 9, 2000
This chapter discusses a model which examines interactions between population growth and the envi... more This chapter discusses a model which examines interactions between population growth and the environment. In this model, various assumptions are made such as that fertility is endogenous; parents are not altruistic and have children only because of utility; environmental deterioration does not affect population (i.e., no ‘Malthusian’ mortality); time is measured in generations; and population pressure adversely affects the environment. The model gives a system of two non-linear difference equations. The main conclusion is that in the absence of parental altruism and ‘Malthusian’ mortality, the relation between population and environment is inherently unstable when fertility is endogenous. Thus, when parents are concerned only about the utility (net private benefits) and environmental resources are not priced (free), parents may choose the number of children which is optimal from their point of view but which will ultimately lead to environmental degradation.
Handbook of Production Economics
RePEc: Research Papers in Economics, Dec 1, 1989
The New Palgrave Dictionary of Economics, 2008
Revue de l'Institut International de Statistique / Review of the International Statistical Institute, 1971
Tjalling C. Koopmans was awarded the 1975 Nobel Prize for his work on the theory of optimal utili... more Tjalling C. Koopmans was awarded the 1975 Nobel Prize for his work on the theory of optimal utilization of resources. This collection represents Koopmans' work over the past 15 years on such topics as the representation of preference orderings, the computation of an optimal stationary capital stock, the comparison of economic systems, optimal growth theory, and models of energy and other exhaustible resources.Contents: Note on a Social System Composed of Hierarchies with Overlapping Personnel; Maximizing Stationary Utility in a Constant Technology; On the Description and Comparison of Economic Systems; Representation of Preference Orderings with Independent Components of Consumption; Representation of Preference Orderings over Time; Some Observations on 'Optimal' Economic Growth and Exhaustible Resources; On the Definition and Computation of a Capital Stock Invariant under Optimization; Is the Theory of Competitive Equilibrium With It? Proof for a Case where Discounting Advances the Doomsday; Concepts of Optimality and Their Uses; Examples of Production Relations Based on Microdata; Economics Among the Sciences; Alternative Futures With or Without Constraints on the Energy Technology Mix; The Transition from Exhaustible to Renewable or Inexhaustible Resources; Additively Decomposed Quasiconvex Functions.Tjalling C. Koopmans was Alfred Cowles Professor Emeritus in Economics, Yale University.
The Review of Economics and Statistics, 1960
Journal of Marketing, 1958
metric investigations of demand for perishable commodities have long been based on what Professor... more metric investigations of demand for perishable commodities have long been based on what Professor Hans Brems chooses to call "Marshallian static analysis."' These investigations have been highly successful for perishable commodities and not quite so successful for durable goods. What is needed is a dynamic theory of demand. In his attempt to find one, it seems that Brems has disregarded the implications of econometric investigations of demand for perishable commodities. An adequate dynamic theor) of demand can be built on Marshallian analysis. The main advantages of such a formulation2 is that it provides a link between the theory of demand for durables and the theory of demand for perishable commodities. If we follow Brems, we have two theories of demand. One, however, is not only sufficient, but preferable. Stocks and numbers. No question has been raised about Brems' idea that ". . . when a new-car buyer trades in his used car, the latter will replace somebody's still older car which in turn will replace somebody else's still older car, until finally a jalopy is junked." However, this "bumping" has no particular bearing on the questionable procedure which Brems followed in his article; in defining an economically relevant stock variable, Brems added together numbers of cars of different ages. While it is true that four apples plus six pears make ten pieces
Journal of Marketing, 1957
The New Palgrave Dictionary of Economics
Characterization of time series by means of autoregressive (AR) or moving-average (MA) processes ... more Characterization of time series by means of autoregressive (AR) or moving-average (MA) processes or combined autoregressive moving-average (ARMA) processes was suggested, more or less simultaneously, by the Russian statistician and economist, E. Slutsky (1927), and the British statistician G.U. Yule (1921, 1926, 1927). Slutsky and Yule observed that if we begin with a series of purely random numbers and then take sums or differences, weighted or unweighted, of such numbers, the new series so produced has many of the apparent cyclic properties that are thought to characterize economic and other time series. Such sums or differences of purely random numbers are the basis for ARMA models of the processes by which many kinds of economic time series are assumed to be generated, and thus form the basis for recent suggestions for analysis, forecasting and control (e.g. Box and Jenkins, 1970).
Revista Española de Cirugía Ortopédica y Traumatología, 2011
Essays in honor of Kenneth J. Arrow, Volume II
The question of optimal population size is investigated for three alternative social welfare func... more The question of optimal population size is investigated for three alternative social welfare functions: (1) the total utility of the present and future generations (Benthamite), (2) the average utility (Millian), and (3) the individual utility of a member
Journal of Public Economics, Mar 1, 1993
The Economic Journal, Jun 1, 1988
RePEc: Research Papers in Economics, 1983
The implications of endogenous determination of fertility for certain population policy issues ar... more The implications of endogenous determination of fertility for certain population policy issues are considered. By endogenous fertility the authors mean that "parents determine the number of children they have and what they bequeath to them in the form of physical or human capital in response to the economic constraints they face and in such a way as to maximize their own satisfaction." The effects on population growth of the various assumptions tested are considered. (EXCERPT)
Palgrave Macmillan UK eBooks, 1987
Research in the history of economic thought and methodology, Aug 10, 2017
Oxford University Press eBooks, Nov 9, 2000
This chapter discusses a model which examines interactions between population growth and the envi... more This chapter discusses a model which examines interactions between population growth and the environment. In this model, various assumptions are made such as that fertility is endogenous; parents are not altruistic and have children only because of utility; environmental deterioration does not affect population (i.e., no ‘Malthusian’ mortality); time is measured in generations; and population pressure adversely affects the environment. The model gives a system of two non-linear difference equations. The main conclusion is that in the absence of parental altruism and ‘Malthusian’ mortality, the relation between population and environment is inherently unstable when fertility is endogenous. Thus, when parents are concerned only about the utility (net private benefits) and environmental resources are not priced (free), parents may choose the number of children which is optimal from their point of view but which will ultimately lead to environmental degradation.
Handbook of Production Economics
RePEc: Research Papers in Economics, Dec 1, 1989
The New Palgrave Dictionary of Economics, 2008
Revue de l'Institut International de Statistique / Review of the International Statistical Institute, 1971
Tjalling C. Koopmans was awarded the 1975 Nobel Prize for his work on the theory of optimal utili... more Tjalling C. Koopmans was awarded the 1975 Nobel Prize for his work on the theory of optimal utilization of resources. This collection represents Koopmans' work over the past 15 years on such topics as the representation of preference orderings, the computation of an optimal stationary capital stock, the comparison of economic systems, optimal growth theory, and models of energy and other exhaustible resources.Contents: Note on a Social System Composed of Hierarchies with Overlapping Personnel; Maximizing Stationary Utility in a Constant Technology; On the Description and Comparison of Economic Systems; Representation of Preference Orderings with Independent Components of Consumption; Representation of Preference Orderings over Time; Some Observations on 'Optimal' Economic Growth and Exhaustible Resources; On the Definition and Computation of a Capital Stock Invariant under Optimization; Is the Theory of Competitive Equilibrium With It? Proof for a Case where Discounting Advances the Doomsday; Concepts of Optimality and Their Uses; Examples of Production Relations Based on Microdata; Economics Among the Sciences; Alternative Futures With or Without Constraints on the Energy Technology Mix; The Transition from Exhaustible to Renewable or Inexhaustible Resources; Additively Decomposed Quasiconvex Functions.Tjalling C. Koopmans was Alfred Cowles Professor Emeritus in Economics, Yale University.
The Review of Economics and Statistics, 1960
Journal of Marketing, 1958
metric investigations of demand for perishable commodities have long been based on what Professor... more metric investigations of demand for perishable commodities have long been based on what Professor Hans Brems chooses to call "Marshallian static analysis."' These investigations have been highly successful for perishable commodities and not quite so successful for durable goods. What is needed is a dynamic theory of demand. In his attempt to find one, it seems that Brems has disregarded the implications of econometric investigations of demand for perishable commodities. An adequate dynamic theor) of demand can be built on Marshallian analysis. The main advantages of such a formulation2 is that it provides a link between the theory of demand for durables and the theory of demand for perishable commodities. If we follow Brems, we have two theories of demand. One, however, is not only sufficient, but preferable. Stocks and numbers. No question has been raised about Brems' idea that ". . . when a new-car buyer trades in his used car, the latter will replace somebody's still older car which in turn will replace somebody else's still older car, until finally a jalopy is junked." However, this "bumping" has no particular bearing on the questionable procedure which Brems followed in his article; in defining an economically relevant stock variable, Brems added together numbers of cars of different ages. While it is true that four apples plus six pears make ten pieces
Journal of Marketing, 1957
The New Palgrave Dictionary of Economics
Characterization of time series by means of autoregressive (AR) or moving-average (MA) processes ... more Characterization of time series by means of autoregressive (AR) or moving-average (MA) processes or combined autoregressive moving-average (ARMA) processes was suggested, more or less simultaneously, by the Russian statistician and economist, E. Slutsky (1927), and the British statistician G.U. Yule (1921, 1926, 1927). Slutsky and Yule observed that if we begin with a series of purely random numbers and then take sums or differences, weighted or unweighted, of such numbers, the new series so produced has many of the apparent cyclic properties that are thought to characterize economic and other time series. Such sums or differences of purely random numbers are the basis for ARMA models of the processes by which many kinds of economic time series are assumed to be generated, and thus form the basis for recent suggestions for analysis, forecasting and control (e.g. Box and Jenkins, 1970).
Revista Española de Cirugía Ortopédica y Traumatología, 2011
Essays in honor of Kenneth J. Arrow, Volume II
The question of optimal population size is investigated for three alternative social welfare func... more The question of optimal population size is investigated for three alternative social welfare functions: (1) the total utility of the present and future generations (Benthamite), (2) the average utility (Millian), and (3) the individual utility of a member