openaccess Tag

SN Business and Economics (2022) 2:92

https://doi.org/10.1007/s43546-022-00260-z

Abstract
The “efficiency-distribution” model introduced by Houthakker in 1955 offers a flexible approach to production theory that does not require the measurement of capital and other fixed assets. Thus it avoids the theoretical problems associated with the Cambridge controversies and with Franklin Fisher’s critiques of aggregation. The efficiency distribution model can be empirically implemented using only observed productivity distributions and...

Proceedings of the National Academy of Sciences, Vol. 118, No. 15 (2021).  https://www.pnas.org/content/118/15/e2022886118.

Co-authors:  Charles F. Manski, Alan H. Sanstad, and Stephen J. DeCanio

Abstract

Numerical simulations of the global climate system provide inputs to integrated assessment modeling for estimating the impacts of greenhouse gas mitigation and other policies to address global climate change. While essential tools for this purpose, computational climate models are subject to...