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In 1943 Jacob Marschak, who had left Oxford University to move to the US in 1939, became the director of the Cowles Commission, a post that he held until 1948 when he was succeeded by Tjalling Koopmans. The idea of the joint or simultaneous determination of certain economic variables was met with a degree of resistance from several parties, most notably from Wold (1949), who argued that multi-equation econometric models should be structured in a recursive manner, such that the inputs to each equation would be predetermined by preceding equations. Another point to be considered with business income claims is the time spent by staff trying to resume operations under adverse conditions. Henry Moore (1914, 1917) was the first to place the statistical estimation of economic relations at the centre of quantitative analysis in economics. In: Under this coverage, the insured is usually required to select either a 50% or 80% co-insurance factor.