Publications of Edwin Burmeister    :chronological  alphabetical  combined listing:

%% Books   
@book{fds20301,
   Author = {Edwin Burmeister and A. Rodney Dobell},
   Title = {Mathematical Theories of Economic Growth},
   Pages = {444 + i-xx},
   Publisher = {New York: Macmillan},
   Year = {1970},
   Key = {fds20301}
}


%% Journal Articles   
@article{fds349414,
   Author = {Burmeister, E},
   Title = {Economic Theory and Economic Thought. Essays in Honour of
             Ian Steedman},
   Journal = {The European Journal of the History of Economic
             Thought},
   Volume = {18},
   Number = {2},
   Pages = {289-290},
   Publisher = {Informa UK Limited},
   Year = {2011},
   Month = {May},
   url = {http://dx.doi.org/10.1080/09672567.2010.522798},
   Doi = {10.1080/09672567.2010.522798},
   Key = {fds349414}
}

@article{fds349415,
   Author = {Burmeister, E},
   Title = {Reflections},
   Journal = {History of Political Economy},
   Volume = {41},
   Number = {Suppl_1},
   Pages = {35-43},
   Publisher = {Duke University Press},
   Year = {2009},
   Month = {December},
   url = {http://dx.doi.org/10.1215/00182702-2009-015},
   Doi = {10.1215/00182702-2009-015},
   Key = {fds349415}
}

@article{fds349417,
   Author = {Burmeister, E},
   Title = {Equal organic composition of capital and
             regularity},
   Journal = {Metroeconomica},
   Volume = {59},
   Number = {3},
   Pages = {323-346},
   Year = {2008},
   Month = {January},
   url = {http://dx.doi.org/10.1111/j.1467-999X.2007.00302.x},
   Abstract = {Equal organic composition of capital (EOCC) is shown to be a
             necessary and sufficient condition for constant relative
             prices in no-joint production technologies with neoclassical
             production functions. It is then proved that such
             neoclassical technologies are regular (which implies that
             consumption is well behaved across steady-state equilibria).
             Regularity is also a necessary and sufficient condition for
             near aggregation (which implies an aggregate production
             function with all but one of the usual neoclassical
             properties). Except perhaps for some fluke cases, the
             existence of an aggregate production function with all of
             the usual neoclassical properties (full aggregation)
             requires the stronger EOCC property. © 2008 Blackwell
             Publishing Ltd.},
   Doi = {10.1111/j.1467-999X.2007.00302.x},
   Key = {fds349417}
}

@article{fds349418,
   Author = {Burmeister, E},
   Title = {Theory of production: A long-period analysis - Kurz,HD,
             Salvadori,N},
   Journal = {JOURNAL OF ECONOMIC LITERATURE},
   Volume = {34},
   Number = {3},
   Pages = {1344-1346},
   Publisher = {AMER ECON ASSN},
   Year = {1996},
   Month = {September},
   Key = {fds349418}
}

@article{fds349419,
   Author = {Burmeister, E and McElroy, MB},
   Title = {APT and Multifactor Asset Pricing Models with Measured and
             Unobserved Factors: Theoretical and Econometric
             Issues},
   Volume = {27},
   Pages = {135-154},
   Year = {1992},
   Key = {fds349419}
}

@article{fds349420,
   Author = {Burmeister, E and McElroy, MB},
   Title = {The residual market factor, the APT, and mean-variance
             efficiency},
   Journal = {Review of Quantitative Finance and Accounting},
   Volume = {1},
   Number = {1},
   Pages = {27-49},
   Year = {1991},
   Month = {January},
   url = {http://dx.doi.org/10.1007/BF02408405},
   Abstract = {The rapidly increasing volume of both published and
             unpublished work on the arbitrage pricing theory (APT) of
             Ross (1976) has given rise to a number of misunderstandings
             at the interface of theoretical and econometric work. In
             this article we extend the theoretical structure of our
             previous work (McElroy and Burmeister, 1985, 1988;
             Burmeister and McElroy, 1987, 1988) to provide a broad yet
             rigorous framework both for econometric estimation and for
             better economic interpretation of new empirical results. We
             begin with the case where all K factors are observed, and
             then present the second case of K-1≡J observed APT factors
             and one unobserved factor, the residual market factor
             introduced in McElroy and Burmeister (1985). The economic
             interpretations for equivalent specifications of this model
             are discussed, and we enumerate several immediate payoffs to
             these specifications. The main new results are concerned
             with the sometimes intricate relationships among APT models
             with K factors and APT models with K factors that are
             constrained to satisfy mean-variance efficiency
             restrictions. These results are not only of theoretical
             interest, but more importantly they provide the basis for
             econometric estimation and testing of nested hypotheses.
             These econometric issues are discussed in detail. © 1991
             Kluwer Academic Publishers.},
   Doi = {10.1007/BF02408405},
   Key = {fds349420}
}

@article{fds349422,
   Author = {McElroy, MB and Burmeister, E},
   Title = {Arbitrage pricing theory as a restricted nonlinear
             multivariate regression model: Iterated nonlinear seemingly
             unrelated regression estimates},
   Journal = {Journal of Business and Economic Statistics},
   Volume = {6},
   Number = {1},
   Pages = {29-42},
   Year = {1988},
   Month = {January},
   url = {http://dx.doi.org/10.1080/07350015.1988.10509634},
   Abstract = {By replacing the unknown random factors of factor analysis
             with observed macroeconomic variables, the arbitrage pricing
             theory (APT) is recast as a multivariate nonlinear
             regression model with across-equation restrictions. An
             explicit theoretical justification for the inclusion of an
             arbitrary, well-diversified market index is given. Using
             monthly returns on 70 stocks, iterated nonlinear seemingly
             unrelated regression techniques are employed to obtain joint
             estimates of asset sensitivities and their associated APT
             risk “prices.” Without the assumption oi normally
             distributed errors, these estimators are strongly consistent
             and asymptotically normal. With the additional assumption of
             normal errors, they are also full-information maximum
             likelihood estimators. Classical asymptotic nonlinear nested
             hypothesis tests are supportive of the APT with measured
             macroeconomic factors. © 1988 American Statistical
             Association.},
   Doi = {10.1080/07350015.1988.10509634},
   Key = {fds349422}
}

@article{fds349421,
   Author = {BURMEISTER, E and MCELROY, MB},
   Title = {JOINT ESTIMATION OF FACTOR SENSITIVITIES AND RISK PREMIA FOR
             THE ARBITRAGE PRICING THEORY},
   Journal = {JOURNAL OF FINANCE},
   Volume = {43},
   Number = {3},
   Pages = {721-735},
   Year = {1988},
   url = {http://dx.doi.org/10.2307/2328195},
   Doi = {10.2307/2328195},
   Key = {fds349421}
}

@article{fds349423,
   Author = {McElroy, MB and Burmeister, E and Wall, KD},
   Title = {Two estimators for the apt model when factors are
             measured},
   Journal = {Economics Letters},
   Volume = {19},
   Number = {3},
   Pages = {271-275},
   Year = {1985},
   Month = {January},
   url = {http://dx.doi.org/10.1016/0165-1765(85)90035-7},
   Abstract = {Non-linear SUR and ITSUR techniques are proposed for the
             estimation of the APT and the CAPM when the factors are
             observed. These techniques estimate all of the parameters of
             the model simultaneously and directly impose the model's
             non-linear parameter restrictions. © 1985.},
   Doi = {10.1016/0165-1765(85)90035-7},
   Key = {fds349423}
}

@article{fds349424,
   Author = {Burmeister, E and Graham, DA},
   Title = {Price expectations and global stability in economic
             systems},
   Journal = {Automatica},
   Volume = {11},
   Number = {5},
   Pages = {487-497},
   Year = {1975},
   Month = {January},
   url = {http://dx.doi.org/10.1016/0005-1098(75)90024-2},
   Abstract = {In this paper we study the global stability properties of
             both descriptive and optimally controlled economic systems
             possessing inherent non-linearities. Stability conditions
             for these non-linear models are established, and a complete
             characterization of the dynamic path is obtained. Moreover,
             the relationship between the global stability properties of
             descriptive and optimal control models is clarified, the
             trajectories of descriptive models are compared with those
             of the planning models and conditions are examined under
             which the behavior of completely stable descriptive models
             approximates optimal solutions. © 1975.},
   Doi = {10.1016/0005-1098(75)90024-2},
   Key = {fds349424}
}

@article{fds349425,
   Author = {Burmeister, E and Graham, DA},
   Title = {Multi-secotr Economic Models with Continuous Adaptive
             Expectations},
   Journal = {Review of Economic Studies},
   Volume = {41},
   Number = {3},
   Pages = {323-336},
   Year = {1974},
   Month = {July},
   url = {http://dx.doi.org/10.2307/2296752},
   Doi = {10.2307/2296752},
   Key = {fds349425}
}

@article{fds349426,
   Author = {Burmeister, E and Dobell, AR},
   Title = {Guidance and Optimal Control of Free-Market Economies: A New
             Interpretation},
   Journal = {IEEE Transactions on Systems, Man and Cybernetics},
   Volume = {SMC-2},
   Number = {1},
   Pages = {9-15},
   Year = {1972},
   Month = {January},
   url = {http://dx.doi.org/10.1109/TSMC.1972.5408550},
   Abstract = {The biological and social sciences offer many examples of
             complex systems which were not consciously designed or
             engineered but which have evolved over long periods from
             more primitive forms. Built-in mechanisms for control or
             guidance of such systems may be quite elaborate but somewhat
             imperfect and indirect. Two primary propositions are
             discussed. The first is that the evolution of the complex
             markets basic in western economies has realized an
             institutional structure through which decentralized guidance
             of the economy can be implemented. The second is that with
             such market structures it may be possible to design economic
             policies which realize sufficient control of the economic
             system without direct intervention in the optimizing
             decisions of individual elements in the system. The paper is
             primarily tutorial and surveys the relevant technical
             literature on models of economic growth. However, some new
             results and a new interpretationof known results are
             presented. Copyright © 1972 by The Institute of Electrical
             and Electronics Engineers, Inc.},
   Doi = {10.1109/TSMC.1972.5408550},
   Key = {fds349426}
}

@article{fds20307,
   Author = {Edwin Burmeister and Michael Bruno and Eytan
             Sheshinski},
   Title = {The Nature and Implications of the Reswitching of
             Techniques},
   Journal = {The Quarterly Journal of Economics},
   Year = {1966},
   Month = {November},
   Key = {fds20307}
}


%% Other   
@misc{fds162850,
   Author = {Edwin Burmeister and Marjorie B. McElroy},
   Title = {The Burmeister-McElroy Sliced Normal Theorem: Conditional
             Forecasting with Probabilistic Scenarios},
   Year = {2009},
   url = {http://www.econ.duke.edu/Papers/Other/Burmeister/Sliced_Normal_Theorem.pdf},
   Abstract = {<a href="http://www.econ.duke.edu/Papers/Other/Burmeister/Sliced_Normal_Theorem.pdf">Download
             paper. </a>},
   Key = {fds162850}
}