The Identification Problem in Econometrics

Business & Money

Fisher, Franklin M.

Economics

McGraw-Hill Book Company

The economic theory of price indices;: Two essays on the effects of taste, quality, and technological change (Economic theory and mathematical economics)

Academic Press

This economic analysis by participants for the defense argues that the IBM case failed not because the antitrust laws are obsolete, but because the government and its economists made major analytical errors throughout the case.

Folded, spindled, and mutilated: Economic analysis and U.S. v. IBM (MIT Press series on the regulation of economic activity)

MIT Press]

The first volume of Franklin M. Fisher's collected essays, Industrial Organization, Economics, and the Law, focused on the application of economic analysis to legal disputes in the areas of regulation and antitrust. This second volume brings together Fisher's work in econometric theory and practice, including studies on the underlying structure of econometric models that were fundamental to the subject.  Fisher's early discovery of block-recursive systems, together with his results on continuity for small specification errors, provided a foundation for all structural estimation. His later work on causation dealt with the implications of regarding simultaneous equation models as limiting cases of nonsimultaneous models. The essays in this book enlarge on those themes in various ways.  Part one begins with essays that introduce the basic concepts of block-recursive systems and the foundational material for structural estimation in econometrics. They focus on simultaneous equations and the problem of exogenous variables, raising questions about the nature of econometric models and attempting to answer them through the analysis of block recursive models. Part two uses the results from Part one to examine issues of specification error and includes Fisher's classic exposition of Chow tests. Part three contains empirical I work, including studies of the copper industry, wheat supply in the nineteenth century, the famous Fisher-Griliches-Kaysen examination of the costs of automobile model changes, and the effect of the removal of firemen on railroad accidents.

Econometrics: Essays in Theory and Applications : Collected Papers of Franklin M. Fisher

Mit Pr

Aggregation lies at the heart of macroeconomics. Economists using such aggregates as capital, investment, labor, and even output or GNP assume that such constructions have a sound analytic foundation. The question of the existence of aggregate production functions is not only part of the foundation of macroeconomic theory and policy but also played a central role in the "Cambridge vs. Cambridge" debate, which challenged long-held assumptions about the foundations of neoclassical microeconomics. In this third collection of his essays Franklin M. Fisher settles the question of the conditions for the existence of aggregate production functions. He examines the conditions for approximate aggregation and, through simulation experiments, considers why aggregate production functions appear to work in practice. He also explores related topics involving price aggregation and aggregation in international trade.

Aggregation: Aggregate Production Functions and Related Topics

Foreword by Carl Keysen  One of the most important antitrust cases in 50 years, U.S. vs. IBM, was filed in 1969 and dropped by the Justice Department in 1982. This economic analysis by participants for the defense argues that the IBM case failed not because the antitrust laws are obsolete, but because the government and its economists made major analytical errors throughout the case. The topics they discuss in this book, which grew from their studies and the trial testimony, range over the standard and important ones in an antitrust case charging single-firm monopolizing: market definition, market share, technical change, entry barriers, behavior (predation), and profitability.  Folded, Spindled, and Mutilated is a Charles River Associates Study and seventh in The MIT Press series on the Regulation of Economic Activity, edited by Richard Schmalensee.

Folded, Spindled, and Mutilated: Economic Analysis and U.S. Vs. IBM

McGowan, John J.

Greenwood, Joen E.

Management & Leadership

This book, the fourth volume of Franklin M. Fisher's collected articles, contains work in microeconomics stretching over four decades. Principal sections include essays on stability and disequilibrium, welfare economics and consumer theory, and applications of microeconomics. Topics include the decision whether or not to use statistical methods to adjust the census, and the economics of water in the Middle East, as well as the effect of computer reservations systems on airlines and the theory of united fund drives by charities. An autobiographical essay serves as an epilogue.

Microeconomics: Essays in Theory and Applications

Cambridge University Press

The most common mode of analysis in economic theory is to assume equilibrium. Yet, without a proper theory of how economies behave in disequilibrium, there is no foundation for such a practice. The first step in such a foundation is a theory of stability, and this book is primarily concerned with that subject. The author first reviews the older literature on the stability of general equilibrium and goes on to consider a more satisfactory general model in which agents realize that they are in disequilibrium and act on arbitrage opportunities. Topics explored along the way include optimal arbitrage behavior, the relation of perceived monopoly power to quantity constraints, and the role of money.

Disequilibrium Foundations of Equilibrium Economics (Econometric Society Monographs)

This is a book on the theory behind the construction of production index numbers. Well-known examples of such indexes are the Gross Domestic Product, the Producer Price Index, and labor productivity. Fisher and Shell provide the analysis behind this class of index numbers. They treat separately the different production units and different forms of industrial organization. They show the direction of bias in traditionally calculated index numbers and how biases can affect fundamental conclusions about the growth or stagnation of the economy.

Economic Analysis of Production Price Indexes

Shell, Karl

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Books by Fisher, Franklin M.

See the best price to sell, buy, or rent books by Fisher, Franklin M.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

The Identification Problem in Econometrics

The economic theory of price indices;: Two essays on the effects of taste, quality, and technological change (Economic theory and mathematical economics)

Folded, spindled, and mutilated: Economic analysis and U.S. v. IBM (MIT Press series on the regulation of economic activity)

Econometrics: Essays in Theory and Applications : Collected Papers of Franklin M. Fisher

Aggregation: Aggregate Production Functions and Related Topics

Folded, Spindled, and Mutilated: Economic Analysis and U.S. Vs. IBM

Microeconomics: Essays in Theory and Applications

Disequilibrium Foundations of Equilibrium Economics (Econometric Society Monographs)

Disequilibrium Foundations of Equilibrium Economics (Econometric Society Monographs)

Economic Analysis of Production Price Indexes