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Caffrey, John; Isaacs, Herbert H. – 1971
Models to assess the impact of a college on the local economy are examined. A primary objective was to derive equations for which data could be obtained from normal records kept by colleges, local governments, and businesses. The models, which are designed to be used by college presidents and their staffs, are linear cash-flow formulas, including…
Descriptors: College Students, Computation, Economic Factors, Expenditures
Peer reviewedVaage, Gjermund; Kohn, Robert E. – Journal of Economic Education, 1998
Examines two classes of production functions in which the long-run competitive equilibrium scale of the firm increases when the relative price of the dominant factor decreases. Compares these with a third class of production functions where the equilibrium scale is independent of the relative price of the dominant factor. (MJP)
Descriptors: Business Cycles, Causal Models, Competition, Cost Indexes
