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Clower on effective demand [PDF]

open access: possibleEastern Economic Journal, 1996
This note examine's Clower's recent criticisms of Keynes' theory of effective demand and argues that Keynes added much to Marshallian theory when he extended to the aggregate level, that his theory does have implications for unemployment without requiring wage rigidity, that his theory does not depend on the non-clearance of the good market, and the ...
Skott, Peter, Dutt, Amitava Krishna
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Neighbourhood effects and housing demand [PDF]

open access: possibleJournal of Applied Econometrics, 2003
AbstractIn this paper, we estimate a model of housing demand with neighbourhood effects. We exploit special features of the national sample of the American Housing Survey and properties of housing markets that allow us to create ‘natural’ instruments and therefore identify the impact of social interactions.
Yannis M. Ioannides, Jeffrey E. Zabel
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On the Theory of Effective Demand

The Economic Journal, 1982
In his article 'On the theory of effective demand' (Green, i 980), J. Green deals with a class of stochastic rationing schemes whose distribution as perceived by the individual agent depends on his own action and on the aggregate values of demand and supply only.
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Effects of promotion on pharmaceutical demand

Social Science & Medicine, 1985
The research question addressed in this study was, "Do changes in promotional expenditure cause changes in the size of the market (primary demand) or market share (selective demand)?" Two types of promotion were evaluated; sales calls to physicians and medical journal advertising.
J I, Mackowiak, J P, Gagnon
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Effective Demand Failures Revisited

The Scandinavian Journal of Economics, 1985
We investigate the stability of full-employment equilibria. This question is cast in a general equilibrium model where aggregate variables are present at the micro level. We establish the existence of a class of economies where there is only a single - full-employment - equilibrium. Furthermore, this unique equilibrium is globally stable.
Balasko, Yves, Royer, Daniel
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Effective Demand

This authoritative and comprehensive reference work provides a thorough account of the classical approach to economics. It contains almost two hundred informative short entries in an easily accessible dictionary format on all the significant areas of this school of thought.
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