Scholars@Duke
Edwin Burmeister

Edwin Burmeister

Research Professor Emeritus of Economics
Economics
eb@econ.duke.edu
Box 90097, Durham, NC 27708-0097
201B Social Sciences, Durham, NC 27708
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Selected Publications

Economic Theory and Economic Thought. Essays in Honour of Ian Steedman

Journal Article The European Journal of the History of Economic Thought · May 2011 Full text Cite

Reflections

Journal Article History of Political Economy · December 1, 2009 Full text Cite

Equal organic composition of capital and regularity

Journal Article Metroeconomica · January 1, 2008 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 a ... Full text Cite

Theory of production: A long-period analysis - Kurz,HD, Salvadori,N

Journal Article JOURNAL OF ECONOMIC LITERATURE · September 1, 1996 Link to item Cite

The residual market factor, the APT, and mean-variance efficiency

Journal Article Review of Quantitative Finance and Accounting · January 1, 1991 The rapidly increasing volume of both published and unpublished work on the arbitrage pricing theory (APT) of Ross (1976) has given rise to a number of misunderstandings at the interface of theoretical and econometric work.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 th ... Full text Cite

Arbitrage pricing theory as a restricted nonlinear multivariate regression model: Iterated nonlinear seemingly unrelated regression estimates

Journal Article Journal of Business and Economic Statistics · January 1, 1988 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 justifica ... Full text Open Access Cite

Two estimators for the apt model when factors are measured

Journal Article Economics Letters · January 1, 1985 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 rest ... Full text Cite

Price expectations and global stability in economic systems

Journal Article Automatica · January 1, 1975 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 t ... Full text Cite

Multi-secotr Economic Models with Continuous Adaptive Expectations

Journal Article Review of Economic Studies · July 1974 Cite

Guidance and Optimal Control of Free-Market Economies: A New Interpretation

Journal Article IEEE Transactions on Systems, Man and Cybernetics · January 1, 1972 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 ... Full text Cite