Kornai János: “Two-Level Planning“, co-author: Tamás Lipták. Econometrica, Jan. 1965, Vol. 33, No. 1, pp. 141-169.
ECONOMETRICA JOURNAL OF THE ECONOMETRIC SOCIETY Art International Society for the Advancement of Economic Theory in its Relation to Statistics and Mathematics CONTENTS Robert Summers: A Capital Intensive Approach to the Small Sample Properties of Various Simultaneous Equation Estimators.................... 1 Mordecai Kurz: Optimal Paths of Capital Accumulation Under the Minimum Time Objective...........................................................................42 H. Theil: The Information Approach to Demand Analysis...........................67 M. F. M. Osborne: The Dynamics of Stock Trading.......................................88 G. Stuvel: A Systematic Approach to Macroeconomic Policy Design . . .114 J. Kornai and Th. Lipták: Two-Level Planning......................................................141 Peter A. Diamond: The Evaluation of Infinite Utility Streams....................170 Shirley Almon: The Distributed Lag Between Capital Appropriations and Expenditures.................................................................................................178 Franklin M. Fisher: Identifiability Criteria in Nonlinear Systems: A Further Note.............................................................................................197 E. J. Hannan : The Estimation of Relationships Involving Distributed Lags . 206 Jacob Paroush: The Order of Acquisition of Consumer Durables..................225 Notes and Comments R. Jagannathan: The Programming Approach in Multiple Character Studies........................................................................................................236 Henry Y. Wan, Jr.: An Elementary Proof of the Existence and Uniqueness of Competitive Equilibrium in Graham’s Model of World Trade ............................................................................................................238 Robert W. Clower: Causal Systems and Stability..................................241 R. L. Basmann: Reply to R. W. Clower...................................................242 T. N. Srintvasan: Least Squares and Conditional Prediction .... 244 Bernard Okun: “The Birth Rate and Economic Development: An Empirical Study”—Comment.................................................................245 Robert E. Weintraub: “The Birth Rate and Economic Development: An Empirical Study”—Rejoinder.............................................................246 Book Reviews: For Table of Contents see page..............................................................247 Announcements and News Notes.....................................................................263 VOL. 33, NO. 1 — January, 1965