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December 1996, Volume 86, Issue 5
- 1139-1153 Central-Bank Independence, Economic Behavior, and Optimal Term Lengths
by Waller, Christopher J & Walsh, Carl E
- 1154-1174 Factor-Hoarding and the Propagation of Business-Cycle Shocks
by Burnside, Craig & Eichenbaum, Martin
- 1175-1196 Staggering and Synchronization in Price-Setting: Evidence from Multiproduct Firms
by Lach, Saul & Tsiddon, Daniel
- 1197-1215 Dynamic Capital Structure under Managerial Entrenchment
by Zwiebel, Jeffrey
- 1216-1238 Comparing Apples to Oranges: Productivity Convergence and Measurement across Industries and Countries
by Bernard, Andrew B & Jones, Charles I
- 1239-1252 The Productivity Slowdown: The Culprit at Last? Follow-Up on Hulten and Wolff
by Wolff, Edward N
- 1253-1265 Industry Differences in the Persistence of Firm-Specific Returns
by Waring, Geoffrey F
- 1266-1278 Localization Economies, Vertical Organization, and Trade
by Hanson, Gordon H
- 1279-1290 Symmetric Tax Competition with Multiple Jurisdictions in Each Metropolitan Area
by Braid, Ralph M
- 1291-1298 The Uncertain Unit Root in Real GNP: Comment
by Diebold, Francis X & Senhadji, Abdelhak S
- 1299-1305 The Deadweight Loss of Christmas: Comment
by Solnick, Sara J & Hemenway, David
- 1306-1308 The Deadweight Loss of Christmas: Reply
by Waldfogel, Joel
- 1309-1311 The Impact of Global Warming on Agriculture: Comment
by Cline, William R
- 1312-1315 The Impact of Global Warming on Agriculture: Reply
by Mendelsohn, Robert & Nordhaus, William
September 1996, Volume 86, Issue 4
- 689-702 Monetary Policy as a Process of Search
by Caplin, Andrew & Leahy, John
- 703-725 Capital-Market Imperfections and Countercyclical Markups: Theory and Evidence
by Chevalier, Judith A & Scharfstein, David S
- 726-740 Arbitrage-Based Tests of Target-Zone Credibility: Evidence from ERM Cross-Rate Options
by Campa, Jose Manuel & Chang, P H Kevin
- 741-765 A Regional Dynamic General-Equilibrium Model of Alternative Climate-Change Strategies
by Nordhaus, William D & Yang, Zili
- 766-788 The Evolution of Social Norms in Common Property Resource Use
by Sethi, Rajiv & Somanathan, E
- 789-813 Effects of Air Quality Regulation
by Henderson, J Vernon
- 814-829 How (Not) to Sell Nuclear Weapons
by Jehiel, Philippe & Moldovanu, Benny & Stacchetti, Ennio
- 830-851 Reciprocal Exchange: A Self-Sustaining System
by Kranton, Rachel E
- 852-873 Multinationals, Linkages, and Economic Development
by Rodriguez-Clare, Andres
- 874-892 Bequest Behavior and the Effect of Heirs' Earnings: Testing the Altruistic Model of Bequests
by Wilhelm, Mark O
- 893-908 New Evidence on Altruism: A Study of TIAA-CREF Retirees
by Laitner, John & Juster, F Thomas
- 909-930 Migration with Endogenous Moving Costs
by Carrington, William J & Detragiache, Enrica & Vishwanath, Tara
- 931-953 Technical Change and Human-Capital Returns and Investments: Evidence from the Green Revolution
by Foster, Andrew D & Rosenzweig, Mark R
- 954-970 The Price Is Right, but Are the Bids? An Investigation of Rational Decision Theory
by Berk, Jonathan B & Hughson, Eric & Vandezande, Kirk
- 971-984 Household Responses to Pricing Garbage by the Bag
by Fullerton, Don & Kinnaman, Thomas C
- 985-1000 Optimal Environmental Taxation in the Presence of Other Taxes: General-Equilibrium Analyses
by Bovenberg, A Lans & Goulder, Lawrence H
- 1001-1018 Turning Points in the Civil War: Views from the Greenback Market
by Willard, Kristen L & Guinnane, Timothy W & Rosen, Harvey S
- 1019-1028 A Signaling Explanation for Charity
by Glazer, Amihai & Konrad, Kai A
June 1996, Volume 86, Issue 3
- 329-348 Rat Race Redux: Adverse Selection in the Determination of Work Hours in Law Firms
by Landers, Renee M & Rebitzer, James B & Taylor, Lowell J
- 349-373 Veblen Effects in a Theory of Conspicuous Consumption
by Bagwell, Laurie Simon & Bernheim, B Douglas
- 374-387 The Gender Gap, Fertility, and Growth
by Galor, Oded & Weil, David N
- 388-407 The Timing and Incidence of Exploratory Drilling on Offshore Wildcat Tracts
by Hendricks, Kenneth & Porter, Robert H
- 408-424 The Swing Voter's Curse
by Feddersen, Timothy J & Pesendorfer, Wolfgang
- 425-441 How Do Senators Vote? Disentangling the Role of Voter Preferences, Party Affiliation, and Senate Ideology
by Levitt, Steven D
- 442-460 Revenue Effects and Information Processing in English Common Value Auctions
by Levin, Dan & Kagel, John H & Richard, Jean-Francois
- 461-477 Avoidable Cost: Ride a Double Auction Roller Coaster
by Van Boening, Mark V & Wilcox, Nathaniel T
- 478-501 Holdups, Standard Breach Remedies, and Optimal Investment
by Edlin, Aaron S & Reichelstein, Stefan
- 502-523 Employee Buyout in a Bargaining Game with Asymmetric Information
by Ben-Ner, Avner & Jun, Byoung
- 524-543 Aggregation without Separability: A Generalized Composite Commodity Theorem
by Lewbel, Arthur
- 544-561 Voluntary Export Restraints, Antidumping Procedure, and Domestic Politics
by Rosendorff, B Peter
- 562-583 Entry, Exit, Growth, and Innovation over the Product Life Cycle
by Klepper, Steven
- 584-609 Heterogeneity, Stratification, and Growth: Macroeconomic Implications of Community Structure and School Finance
by Benabou, Roland
- 610-622 Investment Lags
by Bar-Ilan, Avner & Strange, William C
- 623-629 On the Dixit-Stiglitz Model of Monopolistic Competition
by d'Aspremont, Claude & Dos Santos Ferreira, Rodolphe & Gerard-Varet, Louis-Andre
- 630-640 R&D Spillovers and the Geography of Innovation and Production
by Audretsch, David B & Feldman, Maryann P
- 641-652 Company-Scientist Locational Links: The Case of Biotechnology
by Audretsch, David B & Stephan, Paula E
- 653-660 Social Distance and Other-Regarding Behavior in Dictator Games
by Hoffman, Elizabeth & McCabe, Kevin & Smith, Vernon L
- 661-671 Money, Expectations, and U.S. Civil War
by McCandless, George T, Jr
- 672-674 Contracts as a Barrier to Entry: Comment
by Ziss, Steffen
- 675-679 Serving the Public Debt: The Role of Expectations: Comment
by Beetsma, Roel M W J
May 1996, Volume 86, Issue 2
- 1-14 The Missing Piece in Policy Analysis: Social Security Reform
by Feldstein, Martin
- 15-19 Household Survey Data from Developing Countries: Progress and Prospects
by Grosh, Margaret E & Glewwe, Paul
- 20-24 International Price and Quantity Comparisons: Potentials and Pitfalls
by Heston, Alan & Summers, Robert
- 25-29 International Comparisons of the Sources of Economic Growth
by Dougherty, Chrys & Jorgenson, Dale W
- 30-34 Measurement and Mismeasurement of Social Indicators
by Strauss, John & Thomas, Duncan
- 35-40 Trade, Technology, and Wages: A Tale of Two Countries
by Jones, Ronald W & Engerman, Stanley L
- 41-46 The United States in a New Global Economy? A Century's Perspective
by Irwin, Douglas A
- 47-51 Modeling Global Interdependence: Centers, Peripheries, and Frontiers
by Findlay, Ronald
- 52-56 Regional Trading Arrangements: Natural or Supernatural
by Frankel, Jeffrey A & Stein, Ernesto & Wei, Shang-Jin
- 57-61 How Severe Is Global Retaliation Risk under Increasing Regionalism?
by Perroni, Carlo & Whalley, John
- 62-66 Free-Trade Agreements: For Better or Worse?
by Wonnacott, Ronald J
- 67-70 Asset-Market Structure and International Trade Dynamics
by Arvanitis, Athanasios V & Mikkola, Anne
- 71-76 Incomplete Exchange-Rate Pass-Through and Imperfect Competition: The Effect of Local Production
by Gron, Anne & Swenson, Deborah L
- 77-81 U.S. Equity Investment in Foreign Markets: Portfolio Rebalancing or Return Chasing?
by Bohn, Henning & Tesar, Linda L
- 82-87 The Theory of Preferential Trade Agreements: Historical Evolution and Current Trends
by Bhagwati, Jagdish & Panagariya, Arvind
- 88-92 Compatibility of Regional and Multilateral Trading Agreements: Reforming the WTO Process
by Sampson, Gary P
- 93-98 Regionalism and the (Dis)advantage of Dispute-Settlement Access
by Levy, Philip I & Srinivasan, T N
- 99-104 Distributional Conflicts, Factor Mobility, and Political Integration
by Bolton, Patrick & Roland, Gerard
- 105-110 Fiscal Consolidation in Europe: Composition Matters
by Perotti, Roberto
- 111-116 Monetary Cohabitation in Europe
by Persson, Torsten & Tabellini, Guido
- 117-122 Theoretical Aspects of Transition
by Blanchard, Olivier
- 123-127 Enterprises and Workers in the Transition: Econometric Evidence
by Svejnar, Jan
- 128-133 The Transition at Mid Decade
by Sachs, Jeffrey D
- 134-138 Federalism, Fiscal Restraints, and European Monetary Union
by von Hagen, Jurgen & Eichengreen, Barry
- 139-142 Implementing EMU
by Portes, Richard
- 143-146 The New EMS: Narrow Bands inside Deep Bands
by Labhard, Vincent & Wyplosz, Charles
- 147-152 Economic Transition and the Exchange-Rate Regime
by Sachs, Jeffrey D
- 153-158 Recent Exchange-Rate Experience and Proposals for Reform
by Frankel, Jeffrey A
- 159-163 Exchange Rates and the Political Economy of Macroeconomic Discipline
by Edwards, Sebastian
- 164-169 One Year of Solitude: Some Pilgrim Tales about Mexico's 1994-1995 Crisis
by Gil-Diaz, Francisco & Carstens, Agustin
- 170-175 Petty Crime and Cruel Punishment: Lessons from the Mexican Debacle
by Calvo, Guillermo A & Mendoza, Enrique G
- 176-180 Exchange-Rate Anchors, Credibility, and Inertia: A Tale of Two Crises, Chile and Mexico
by Edwards, Sebastian
- 181-186 The "Fundamental Transformation" in Macroeconomics
by Caballero, Ricardo J & Hammour, Mohamad L
- 187-191 Modeling Aggregate Liquidity
by Holmstrom, Bengt & Tirole, Jean
- 192-196 Trading Costs, Price, and Volume in Asset Markets
by Caplin, Andrew & Leahy, John
- 197-201 The First Industrial Revolution: A Guided Tour for Growth Economists
by Crafts, Nicholas F R
- 202-206 Why, Indeed, in America? Theory, History, and the Origins of Modern Economic Growth
by Romer, Paul M
- 207-212 Hybridizing Growth Theory
by Weitzman, Martin L
- 213-217 Inflation's Children: Tales of Crises That Beget Reforms
by Bruno, Michael & Easterly, William
- 218-223 International Measures of Schooling Years and Schooling Quality
by Barro, Robert J & Lee, Jong Wha
- 224-228 Accounting for China's Growth Performance
by Borensztein, Eduardo & Ostry, Jonathan D
- 229-233 Economies in Transition: The Beginnings of Growth
by Fischer, Stanley & Sahay, Ratna & Vegh, Carlos A
- 234-239 U.S. Trade with Developing Countries and Wage Inequality
by Sachs, Jeffrey D & Shatz, Howard J
- 240-245 Globalization, Outsourcing, and Wage Inequality
by Feenstra, Robert C & Hanson, Gordon H
- 246-251 Searching for the Effect of Immigration on the Labor Market
by Borjas, George J & Freeman, Richard B & Katz, Lawrence
- 252-257 Technology, Skill, and the Wage Structure: Insights from the Past
by Goldin, Claudia & Katz, Lawrence F
- 258-262 With What Skills Are Computers a Complement?
by Levy, Frank & Murnane, Richard J
- 263-267 Human-Capital Investments and Productivity
by Black, Sandra E & Lynch, Lisa M
- 268-273 Do Men Whose Wives Work Really Earn Less?
by Jacobsen, Joyce P & Rayack, Wendy L
- 274-279 Domestic Violence: The Value of Services as Signals
by Farmer, Amy & Tiefenthaler, Jill
- 280-284 Gender Differences in Overeducation: A Test of the Theory of Differential Overqualification
by McGoldrick, KimMarie & Robst, John
- 285-289 Wage Disparities and Affirmative Action in the 1980's
by Leonard, Jonathan S
- 290-293 The Effect of Federal Contractor Status on Racial Differences in Establishment-Level Employment Shares: 1979-1992
by Rodgers, William M, III & Spriggs, William E
- 294-297 Do Preferential Procurement Programs Benefit Minority Business?
by Bates, Timothy & Williams, Darrell
- 298-301 The Ebb and Flow of Enforcing Executive Order 11246
by Anderson, Bernard E
- 302-308 Changes in the Distribution of Wages and Unemployment in OECD Countries
by Nickell, Stephen & Bell, Brian
- 309-314 Wage Inequality from International Competition and Technological Change: Theory and Country Experience
by Leamer, Edward E
- 315-321 Reorganization of Firms and Labor-Market Inequality
by Lindbeck, Assar & Snower, Dennis J
- 322-325 Challenges for the Post-Apartheid Economy
by Wilson, Francis
- 326-329 Compulsory Centralization of Collective Bargaining in South Africa
by Moll, Peter
- 330-334 Education across Generations in South Africa
by Thomas, Duncan
- 335-339 Education Returns across Quantiles of the Wage Function: Alternative Explanations for Returns to Education by Race in South Africa
by Mwabu, Germano & Schultz, T Paul
- 340-346 Some Effects of Taxes on Schooling and Training
by Dupor, Bill, et al
- 347-352 On the Divergence between "Ideal" and Conventional Income-Tax Treatment of Human Capital
by Kaplow, Louis
- 353-357 How Should Government Allocate Subsidies for Human Capital?
by Steuerle, C Eugene
- 358-362 Different Approaches for Dealing with Social Security
by Gramlich, Edward M
- 363-367 Social Security Privatization: A Structure for Analysis
by Mitchell, Olivia S & Zeldes, Stephen P
- 368-372 Privatizing School Security at Home and Abroad
by Kotlikoff, Laurence
- 373-377 Social Security Reform: Around the World in 80 Ways
by Schieber, Sylvester J & Shoven, John B
- 378-383 The Effect of Medicaid Expansions on Public Insurance, Private Insurance, and Redistribution
by Cutler, David M & Gruber, Jonathan
- 384-388 Do (More and Better) Drugs Keep People Out of Hospitals?
by Lichtenberg, Frank R
- 389-394 HMO Penetration and the Cost of Health Care: Market Discipline or Market Segmentation?
by Baker, Laurence C & Corts, Kenneth S
- 395-400 Budget Institutions and Fiscal Policy in the U.S. States
by Poterba, James M
- 401-407 Fiscal Discipline and the Budget Process
by Alesina, Alberto & Perotti, Roberto
- 408-413 European versus American Perspectives on Balanced-Budget Rules
by Corsetti, Giancarlo & Roubini, Nouriel
- 414-420 Structural Analysis of Auction Data
by Laffont, Jean-Jacques & Vuong, Quang
- 421-426 Empirical Models of Discrete Strategic Choices
by Reiss, Peter C
- 427-432 Public-Policy Uses of Discrete-Choice Dynamic Programming Models
by Wolpin, Kenneth I
- 433-437 Religion, Science, and Rationality
by Stark, Rodney & Iannaccone, Laurence R & Finke, Roger
- 438-442 The Discontents of Islamic Economic Morality
by Kuran, Timur
- 443-447 Contemplations on the Economic Approach to Religious Behavior
by Montgomery, James D
- 448-453 Chalk and Talk: A National Survey on Teaching Undergraduate Economics
by Becker, William E & Watts, Michael
- 454-459 Laboratory-Based Experimental and Demonstration Initiatives in Teaching Undergraduate Economics
by Cardell, N Scott, et al
- 460-464 Teacher Training Programs in Economics: Past, Present, and Future
by Salemi, Michael K & Saunders, Phillip & Walstad, William B
March 1996, Volume 86, Issue 1
- 1-24 Economics, Values, and Health Care Reform
by Fuchs, Victor R
- 25-53 Mortgage Lending in Boston: Interpreting HMDA Data
by Munnell, Alicia H. & Geoffrey M. B. Tootell & Lynn E. Browne & James McEneaney
- 54-70 Productivity and the Density of Economic Activity
by Ciccone, Antonio & Hall, Robert E
- 71-89 Real-Business-Cycle Models and the Forecastable Movements in Output, Hours, and Consumption
by Rotemberg, Julio J & Woodford, Michael
- 90-111 Money and Output: A Test of Reverse Causation
by Coleman, Wilbur John, II
- 112-132 Business Cycles and Labor-Market Search
by Andolfatto, David
- 133-157 The Spirit of Capitalism and Stock-Market Prices
by Bakshi, Gurdip S & Chen, Zhiwu
- 158-172 Income Risk, Borrowing Constraints, and Portfolio Choice
by Guiso, Luigi & Jappelli, Tullio & Terlizzese, Daniele
- 173-179 The LeChatelier Principle
by Milgrom, Paul & Roberts, John
- 180-194 Auctions versus Negotiations
by Bulow, Jeremy & Klemperer, Paul
- 195-222 Organizational Design and Technology Choice under Intrafirm Bargaining
by Stole, Lars A & Zwiebel, Jeffrey
- 223-236 Divisionalization, Franchising, and Divestiture Incentives in Oligopoly
by Baye, Michael R & Crocker, Keith J & Ju, Jiandong
- 237-258 Strategic Trade Policies with Endogenous Mode of Competition
by Maggi, Giovanni
- 259-275 Understanding the Costs of Sovereign Default: American State Debts in the 1840's
by English, William B
- 276-284 Canadian National Health Insurance and Infant Health
by Hanratty, Maria J
- 285-295 Health Insurance and Precautionary Savings
by Starr-McCluer, Martha
- 296-297 Budget Constraints and Time-Series Evidence on Consumption: Comment
by Roberds, William
- 298-299 Budget Constraints and Time-Series Evidence on Consumption: Reply
by Gali, Jordi
- 300-309 Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance: Comment
by Oliner, Stephen D & Rudebusch, Glenn D
- 310-314 Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance: Reply
by Kashyap, Anil K & Stein, Jeremy C & Wilcox, David W
- 315-326 Collective Bargaining in the Public Sector: Comment
by Gunderson, Morley & Hebdon, Robert & Hyatt, Douglas
- 327-328 Collective Bargaining in the Public Sector: Reply
by Currie, Janet & McConnell, Sheena
December 1995, Volume 85, Issue 5
- 1029-1046 The Case of the Missing Trade and Other Mysteries
by Trefler, Daniel
- 1047-1064 Tying Trade Flows: A Theory of Countertrade with Evidence
by Marin, Dalia & Schnitzer, Monika
- 1065-1087 The Economic Returns to Schooling in the West Bank and Gaza Strip
by Angrist, Joshua D
- 1088-1105 Momentum Investment Strategies, Portfolio Performance, and Herding: A Study of Mutual Fund Behavior
by Grinblatt, Mark & Titman, Sheridan & Wermers, Russ
- 1106-1117 Corporate-Debt Overhang and Macroeconomic Expectations
by Lamont, Owen
- 1118-1137 Consumption over the Life Cycle and over the Business Cycle
by Attanasio, Orazio P & Browning, Martin
- 1138-1151 Cross-Country Evidence on the Link between Volatility and Growth
by Ramey, Garey & Ramey, Valerie A
- 1152-1159 On Fully Revealing Prices When Markets Are Incomplete
by Madrigal, Vicente & Smith, Stephen D
- 1160-1170 When Are Agents Negligible?
by Levine, David K & Pesendorfer, Wolfgang
- 1171-1186 How Liable Should a Lender Be? The Case of Judgment-Proof Firms and Environmental Risk
by Pitchford, Rohan
- 1187-1206 Product Safety: Liability, R&D, and Signaling
by Daughety, Andrew F & Reinganum, Jennifer F
- 1207-1223 The Design of Reform Packages under Uncertainty
by Dewatripont, Mathias & Roland, Gerard
- 1224-1240 On the Optimal Structure of Local Governments
by Hochman, Oded & Pines, David & Thisse, Jacques-Francois
- 1241-1262 Rationalizing Child-Support Decisions
by Del Boca, Daniela & Flinn, Christopher J
- 1263-1277 Apparent Wage Discrimination When Wages Are Determined by Nondiscriminatory Contracts
by Rapaport, Carol
- 1278-1286 Estimates of the Economic Return to Schooling for the United Kingdom
by Harmon, Colm & Walker, Ian
- 1287-1300 Risk and Saving in Northern Nigeria
by Udry, Christopher
- 1301-1312 Discouraging Rivals: Managerial Rent-Seeking and Economic Inefficiencies
by Edlin, Aaron S & Stiglitz, Joseph E
- 1313-1326 Unraveling in Guessing Games: An Experimental Study
by Nagel, Rosemarie
- 1327-1336 Consumer Behavior and the Stickiness of Credit-Card Interest Rates
by Calem, Paul S & Mester, Loretta J
- 1337-1343 Biased Judgments of Fairness in Bargaining
by Babcock, Linda, et al
- 1344-1347 Striking for a Bargain between Two Completely Informed Agents: Comment
by Bolt, Wilko
- 1348-1356 Government Debt, Government Spending, and Private-Sector Behavior: Comment
by Graham, Fred C
- 1357-1361 Government Debt, Government Spending, and Private-Sector Behavior: Reply
by Kormendi, Roger C & Meguire, Philip G
September 1995, Volume 85, Issue 4
- 667-690 The Politics of Free-Trade Agreements
by Grossman, Gene M & Helpman, Elhanan
- 691-715 Occasional Interventions to Target Rates
by Lewis, Karen K
- 716-737 Trade and Transboundary Pollution
by Copeland, Brian R & Taylor, M Scott
- 738-754 Transition Problems in Economic Reform: Agriculture in the North American Free Trade Agreement
by Levy, Santiago & van Wijnbergen, Sweder
- 755-770 Closing the Technology Gap under Protection
by Miyagiwa, Kaz & Ohno, Yuka
- 771-792 Design Innovation and Fashion Cycles
by Pesendorfer, Wolfgang
- 793-807 Dalton-Improving Indirect Tax Reform
by Mayshar, Joram & Yitzhaki, Shlomo
- 808-827 Appropriation and Efficiency: A Revision of the First Theorem of Welfare Economics
by Makowski, Louis & Ostroy, Joseph M
- 828-846 War Politics: An Economic, Rational-Voter Framework
by Hess, Gregory D & Orphanides, Athanasios
- 847-859 Credible Privatization
by Perotti, Enrico C
- 860-871 Voting over Economic Plans
by Boylan, Richard T & McKelvey, Richard D
- 872-890 Digging for Golden Carrots: An Analysis of Research Tournaments
by Taylor, Curtis R
- 891-904 Cooperation in Public-Goods Experiments: Kindness or Confusion?
by Andreoni, James
- 905-922 An Experimental Investigation of the Seller Incentives in the EPA's Emission Trading Auction
by Cason, Timothy N
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