Showing papers in "Applied Economics in 1973"
TL;DR: In this article, the evaluation of economic forecasts is discussed, and some comments on the evaluation are made about the evaluation process of economic forecasting and its application in the context of economic analysis.
Abstract: (1973). Some comments on the evaluation of economic forecasts. Applied Economics: Vol. 5, No. 1, pp. 35-47.
257 citations
TL;DR: In this paper, some of the major approaches to the problem of how to measure the productivity of a firm, or part of a company, are described and reviewed. And the relative significance of the various contributions is assessed and a profitable direction for future work suggested.
Abstract: This paper describes some of the major approaches to the problem of how to measure the productivity of a firm, or part of a firm Some of the empirical work which has been done in this field is also reviewed Finally, the relative significance of the various contributions is assessed and a profitable direction for future work suggested
36 citations
TL;DR: In this paper, risk preference in Scandinavian shipping is investigated and risk preference is shown to be a function of risk preference, rather than risk preference itself, in the context of shipping.
Abstract: (1973). Risk preference in Scandinavian shipping. Applied Economics: Vol. 5, No. 1, pp. 49-59.
26 citations
19 citations
TL;DR: In this paper, the authors proposed a hospital revenue allocation formula for the public sector, which is based on the concept of public-private equity. But this formula is not suitable for all hospitals.
Abstract: (1973). Allocation and equity in the public sector: the hospital revenue allocation formula. Applied Economics: Vol. 5, No. 3, pp. 153-166.
17 citations
TL;DR: In this paper, the authors reported the results of an experiment with 386 respondents who were asked to evaluate some of a set of 17 durable consumer goods by indicating the strength with which each of 21 common characteristics were held to be associated with each of the goods.
Abstract: Interest has recently been shown in the possibilities of extending demand analysis to take account of the characteristics of goods. This paper reports the results of an experiment with 386 respondents who were asked to evaluate some of a set of 17 durable consumer goods by indicating the strength with which each of 21 common characteristics were held to be associated with each of the goods. Discriminant analysis was used to classify the goods on the basis of the responses and 18 of the 21 variables used were statistically significant in the discriminant functions. It was found that, for many goods, the efficiency of classification was low but consistent patterns of misclassification were observed which allowed the identification of groupings of goods with common strengths of characteristics. Five groups were identified - utilities, luxuries, leisure goods, central heating and car - and eleven characteristics were identified as statistically significant discriminators between the groups of goods. A further...
17 citations
TL;DR: In this paper, the authors attempted to determine the relationship between the pattern of growth of demand for consumer goods and the market behaviour of the firms selling them, particularly their advertising expenditures, in the Australian economy.
Abstract: This paper is an attempt to determine the relationship between the pattern of growth of demand for consumer goods and the market behaviour of the firms selling them, particularly their advertising expenditures. The demand for many consumer goods may not witness a steady growth over time. Firms selling such products will have a market behaviour that differs in character and path from that of those selling in expending markets. In this article, I intend to analyse the market behaviour of firms producing toilet soap in the Australian economy.
8 citations
7 citations
TL;DR: In this paper, an operational stochastic capacity expansion model for a survival conscious firm is developed and applied to shrimp fishing in which the entrepreneur evaluates all the information known to him at the time of decision.
Abstract: An operational stochastic capacity expansion model for a survival conscious firm is developed and applied to shrimp fishing in which the entrepreneur evaluates all the information known to him at the time of decision. The results show the effect of survival considerations on the growth in net worth of a firm making sequential and irreversible purchases of physical capital with uncertain future yields. The survival model is applied to shrimp fishing on the Texas Gulf Coast and the reults are compared with those of a simple model in which survival is not considered. Bankruptcy could clearly result from use of the simple model; survival of the firm is guaranteed by use of the survival model.
7 citations
TL;DR: In this article, an analysis of exclusion by estate agents is presented. But the analysis is limited to the case of single-family homes and does not consider the other types of properties.
Abstract: (1973). Exclusion by estate agents—an analysis. Applied Economics: Vol. 5, No. 4, pp. 281-288.
6 citations
TL;DR: In this article, the demand for health services and the theory of time allocation are discussed, and the authors propose a time allocation algorithm for health care. But the method is not suitable for all patients.
Abstract: (1973). Demand for health services and the theory of time allocation. Applied Economics: Vol. 5, No. 4, pp. 249-260.
TL;DR: In this paper, the authors investigated the factors that influence demand for the public library lending service and the form of the relationship between demand and factors influencing demand, in order to answer the question of just how much should be supplied.
Abstract: The public library lending service is an important source of information for many people. Perhaps equally important is the supply of material for leisure reading. The service is characterized by its free availability and the fact that it is a multi-product service. Provision of the public library service has been dependent almost entirely on finance from the rate fund of the controlling local authority, although since 1967, the cost of the service has been taken into account in calculating the rate-support grant given by the central government to local authorities. Many librarians and indeed the central government regard the provision of the public library service as being inadequate in a number of respects. 1 In order to answer the question of just how much should be supplied, it would seem helpful to know which are the factors that influence demand for the public library lending service. In addition, information concerning the form of the relationship between demand and factors influencing demand would ...
TL;DR: In this paper, the welfare economics of water resource allocation over time is discussed. But the authors focus on the welfare of water users and do not consider the social cost of water allocation.
Abstract: (1973). The welfare economics of water resource allocation over time: comment. Applied Economics: Vol. 5, No. 1, pp. 61-68.
TL;DR: In this article, purchase taxes and retail prices in the United Kingdom are discussed. But the authors focus on the UK tax system and do not consider the effect of VAT on retail prices.
Abstract: (1973). Purchase taxes and retail prices in the United Kingdom. Applied Economics: Vol. 5, No. 3, pp. 199-218.
TL;DR: In this paper, an econometric forecasting model of the financial sector of U.S. households is presented, which is based on the model presented in this paper. But the model does not consider the impact of economic factors.
Abstract: (1973). An econometric forecasting model of the financial sector of U.S. households. Applied Economics: Vol. 5, No. 2, pp. 101-117.