This paper considers the problem of comparing real incomes across countries. The available methods are reviewed and their performance is compared using the raw data underlying the Penn World Table. We propose and implement a test of the "Gerschenkron Effect": the downward bias in a country's measured real income when its own prices are used as weights. The test confirms that this Effect obtains...

The majority of the literature concerned with residential auctions has examined whether houses sell at lower or higher prices in comparison with a private treaty negotiated sale. A number of studies have shown, both theoretically and empirically, that auctioned properties should not sell at a premium in comparison to private treaty sales. Mayer (1994) argues that as private sellers can wait lon...

We say that a countable linear ordering L is countably complementable if there exists a linear ordering L, possibly uncountable, such that for any countable linear ordering B, L does not embed into B if and only if B embeds into L. We characterize the linear orderings which are countably complementable. We also show that this property is equivalent to the countable version of the finitely faith...

Let T : C(S) → C(S) be a bounded linear operator. We present a necessary and sufficient condition for the so-called Daugavet equation ‖Id+ T ‖ = 1 + ‖T ‖ to hold, and we apply it to weakly compact operators and to operators factoring through c0. Thus we obtain very simple proofs of results by Foiaş, Singer, Pe lczyński, Holub and others. If E is a real Banach space, let us say that an operator ...

Allen, A. & Snary, D. (1972) Gut 13, 666-672 Florey, H. W. (1962) Gastroenterology 43, 326-329 Jencks, W. P. (1969) Catalysis in Chemistry and Enzymology, p. 393, McGraw-Hill , London Snary, D. & Allen, A. (1971) Biochem. J . 123, 845-853 Snary, D. & Allen, A. (1972) Biochem. J . 127, 577-587 Snary, D., Allen, A. & Pain, R. H. (1971) Eur. J . Biochem. 24, 183-189 Snary, D., Allen, A. & Pain, R....

What type of technical progress is able to increase income per capita, instead of merely translating into higher fertility? To investigate this question, this paper first sets up an OLG growth model with capital, land and endogenous fertility. At each date, children compete with physical capital as a means of saving for the young. This framework is then put into motion by continuous neutral and...