Two-stage budgeting: An extension of Gorman's theorem

B-Tier
Journal: Economic Theory
Year: 1996
Volume: 9
Issue: 1
Pages: 185-193

Authors (2)

Charles Blackorby (University of Warwick) R. Robert Russell (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This note extends Gorman's [1959] classic result on two-stage budgeting to encompass the two-group cases that he assumed away. The proof, which exploits unpublished and recently published results not available to Gorman in 1959, makes it apparent that the entire structure needed for two-stage budgeting is, in fact, imbedded in the two-group case.

Technical Details

RePEc Handle
repec:spr:joecth:v:9:y:1996:i:1:p:185-193
Journal Field
Theory
Author Count
2
Added to Database
2026-01-24