Papers by Robert Goldfarb
On a More General Rationale for Circular Indifference Curves
Studies in Economics and Finance, Feb 1, 1985
Many texts display circular indifference curves. The rationale for such curves typically requires... more Many texts display circular indifference curves. The rationale for such curves typically requires that goods become bads — that is, their marginal utilities become negative — over some range (e.g., Baumol [1], p. 199). In this note we develop what seems to be a far more general and intuitively appealing rationale for “approximately circular” indifference curves. This rationale suggests that the phenomenon may be far more widespread than previous analysis implies.
Design and Implementation of Job Loss Compensation Provisions : Lessons from the Airline Deregulation Experience
Rivista Internazionale de Economia dei Trasporti, Feb 1, 1989
EFFECT OF USING COMPANY VS INDUSTRY EMPLOYMENT STATISTICS ON EMPLOYEES QUALIFYING FOR COMPENSATION
Physician choice of patient load and mode of treatment
Atlantic Economic Journal, Sep 1, 1981
... cases; the slope ofBD, Peo/teo, repre-sents income per unit of time spent treating dis-cretio... more ... cases; the slope ofBD, Peo/teo, repre-sents income per unit of time spent treating dis-cretionary cases in the office. These slopes do not have to be equal. As drawn in Figure I, the Figure ][ INCOME C po 0 WORK Page 3. FELDMAN, GOLDFARB, RAFFERTY AND GOLDFARB: ...
Shortage, Shortage, Who's Got the Shortage?
Journal of Economic Education, Jul 1, 2013
Shortages, while rare, do appear in the United States. Under what circumstances might this happen... more Shortages, while rare, do appear in the United States. Under what circumstances might this happen? Which alleged shortages are “true” economic shortages? When do true shortages emerge in a market economy? What does this tell us about how market economies work? Six types or categories of “true” economic shortages and one category of alleged shortages are identified in this article. Examples include shortages of Christmas toys, flu vaccines, nurses, concert and sporting event tickets, airline seats, parking spaces, and blood supply. Do a few fundamental underlying causes link the six categories? Questions for class discussion are included throughout.
Advances in health economics and health services research, Dec 2, 2006
This paper presents a behavioral economics model with bounded rationality to describe an individu... more This paper presents a behavioral economics model with bounded rationality to describe an individual's food consumption choices that lead to weight gain and dieting. Using a physiological relationship determining calories needed to maintain weight, we simulate the food consumption choices of a representative female over a 30 year period. Results show that a diet will reduce weight only temporarily. Recurrence of weight gain leads to cyclical dieting, which reduces the trend rate of weight increase. Dieting frequency is shown to depend on decision period length, dieting costs, and habit persistence. 
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Papers by Robert Goldfarb