## Quantitative Economics and Development: Essays in Memory of Ta-Chung LiuSociety, polities, and economic development revisited; On global stability of seme stochastic economic processes: a synthesis; The design of mechanisms for efficient allocation of public goods; Critical observations on the labor theory of value and sraffa's standard commodity; The selection of variables for use in prediction; Regression when each of two variables is dependent some of the time; An exploration policy-oriented econometric model of a metropolitan area: Boston; The effect of simple specification error on the coefficients of "unaffected" variables; Temporal aggregation and econometric models; Recent economic fluctuations and stabilization policies: an optimal control approach; Notes on income distribution in Taiwan; On the uniqueness of the representation of commodity - augmenting technical change; Technological change and arowth performance in Taiwan Agriculture, 1946-1975; Eschange rate; interest rate, and economic development. |

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### Contents

Numbers in parentheses indicate the pages on which the authorscontributions begin | 18 |

The Design of Mechanisms for Efficient Allocation | 45 |

Externalities in Consumption | 61 |

Copyright | |

41 other sections not shown

### Common terms and phrases

aggregation agricultural allocation analysis assumed assumption average Bank of Taiwan banks billion Boston capital coalition coefficients column commodity component demand denotes devaluation diffusion discount rate distribution dynamic econometric model Economic effect elasticity employment equation errors estimated exogenous exports factor forecasting groups growth households impact imports increase industry inflation inputs interest rate invariant measure investment likelihood function linear Markov process matrix measure mechanical monetary money market money supply monthly model multipliers Nash equilibrium null space observations optimal solution Pareto optimality period personal income probability measure problem production function profit rate pure labor theory quarter quarterly model ratio reduced regression restrictions sample Section sector shares simulation Sraffa's stochastic Table Taiwan Taiwan Province target variables tax functions Theorem theory of value U.S. dollar UJ UJ UJ unborrowed reserves wage rate welfare workers zero