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About the Author

Robert Marks is with the Australian Graduate School of Management at the University of New South Wales, New South Wales, Australia. This is a revised version of a paper originally presented at the Fourteenth Conference of Economists The University of New South Wales 13-17 May 1985. The author wishes to acknowledge the helpful comments of L.R.H. Drew, Ian D. Elliott, and Alex Wodak; all responsibility, of course, remains his.