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C.V. Starr Center for Applied Economics, New York University

Working Papers

Contact information of C.V. Starr Center for Applied Economics, New York University

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C.V. Starr Center, Department of Economics, New York University, 19 W. 4th Street, 6th Floor, New York, NY 10012

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Fax: (212) 995-3932
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Content

1985

85-22 Rebirth of a Fallen Leader: Italy and the Long Period Data
by Baumol, William J.
85-21 Tournaments and Piece Rates: An Experimental Study
by Bull, Clive & Schotter, Andrew & Weigelt, Keith
85-20 Empirical Investigation of the Irrelevance of the Distinction Between Anticipated and Unanticipated Money in Explaining Output
by Frydman, Roman & Rappoport, Peter
85-19 Unbalanced Growth, Capital Accumulation and Productivity Growth
by Wolff, Edward N.
85-18 Time Structure of Technology and the Real Business Cycle
by Ferri, Giovanni
85-17 The Path to Stable Deterrence
by Brams, Steven J. & Kilgour, D. Marc
85-16 Unfalsified Expectations: An Alternative Perspective on Modelling Expectations in Macroeconomics
by Rappoport, Peter
85-15 The Efficiency of Search Under Competition and Monopsony
by Albrecht, James & Jovanovic, Boyan
85-14 Aggregate Randomness in Large Noncooperative Games
by Jovanovic, Boyan
85-13 A Foundation for Three Popular Assumptions in Job-Matching Models
by Dagsvik, John & Jovanovic, Boyan & Shephard, Andrea
85-12 Chairman Paradoxes Under Approval Voting
by Brams, Steven J. & Felsenthal, Dan S. & Maoz, Zeeve
85-11 Perspectives on Merges and World Competition
by Ordover, Janusz A. & Willig, Robert D.
85-10 Rational De-Escalation
by Brams, Steven J. & Kilgour, D. Marc
85-09 New Chairman Paradoxes
by Brams, Steven J. & Felsenthal, Dan S. & Maoz, Zeeve
85-08 Quota-Induced Sales Games
by Bull, Clive
85-07 Functional Form Specifications for Models of Unemployment and Job Duration
by Mortensen, Dale T.
85-06 The Existence of Optimal Quitting Strategies for a Class of Job Turnover Models
by Mortensen, Dale T.
85-05 Strategic and Axiomatic Theories of Bargaining: Some Comparative Results
by Tedeschi, Piero
85-04 An Examination of Econometric Tests of the Propositions Central to the New Classical Macroeconomics
by Frydman, Roman & Rappoport, Peter
85-03 General Equilibrium with Futures Trading
by Nermuth, Manfred
85-02 The Change in the Terms of Bank Lending, 1977-1984
by Bull, Clive & Karydakis, Antonis L.
85-01 Optimal Probation for New Hires
by Bull, Clive & Tedeschi, Piero

1984

84-20 A Note on the Nonsubstitution Theorem With Joint Production
by Nermuth, Manfred
84-19 On the Welfare Consequences of Sunk Costs in a Multi-Market Model of Potential Entry
by Schotter, Andrew
84-18 Optimal Deterrence
by Brams, Steven J. & Kilgour, D. Marc
84-17 Layoffs and Labor Hoarding: The Effects of Job Changes By Workers on Layoff
by Bull, Clive & McCarthy, Mary
84-16 Antitrust for High-Technology Industries: Assessing Research Joint Ventures and Mergers
by Ordover, Janusz A. & Willig, Robert D.
84-15 Optimal Intertemporal Consumption Under Uncertainty
by Chamberlain, Gary & Wilson, Charles
84-14 Optimal Contract Indexation: The Change in the Terms of Bank Lending 1977-1984
by Bull, Clive & Karydakis, Antonis L.
84-13 An Experimental Test of a Theory of Markets With Asymetric Information
by Pitchik, Carolyn & Schotter, Andrew
84-12 Regulating Markets With Asymmetric Information: An Experimental Study
by Pitchik, Carolyn & Schotter, Andrew
84-11 Stochastic Equilibrium Cycles
by Benhabib, Jess & Nishimura, Kazuo
84-10 Stock Prices, Heterogeneous Information and Market Efficiency
by Orosel, Gerhard O.
84-09 Industrial Composition, Interindustry Effects, and the US Productivity Slowdown
by Wolff, Edward N.
84-08 Valuation of n-Person Games With Side Payments
by Schleicher, Heinz
84-07 Binding Versus Final-Offer Arbitration: A Combination is Best
by Brams, Steven J. & Merrill, Samuel III
84-06 Deterrence and Uncertainty: A Game-Theoretic Analysis
by Brams, Steven J.
84-05 On the Dynamic Response of a Firm to an Employment Subsidy With a Fixed Threshold
by Montgomery, Mark & Wilson, Charles
84-04 Input and Output Composition Changes: Measuring the Effect on the Productivity Slowdown
by Baumol, William J. & Wolff, Edward N.
84-03 On Interindustry Differences in Absolute Productvity
by Baumol, William J. & Wolff, Edward N.
84-02 Unbalanced Growth Revisited: Asymptotic Stagnancy and New Evidence
by Baumol, William J. & Batey Blackman, Sue Anne & Wolff, Edward N.
84-01 Measures of Technical Efficiency
by Russell, R. Robert

1983

83-34 Decomposable Inequality Measures
by Russell, R. Robert
83-33 Econometric Tests of the Effects of Wage/Price Controls: An Application to the Carter Program
by Hagens, John & Russell, R. Robert
83-32 International Trade In Quality-Differentiated Products
by Dollar, David
83-31 Technological Innovation, Capital Mobility, and the Product Cycle in North-South Trade
by Dollar, David
83-30 Competitive Equilibrium Cycles
by Benhabib, Jess & Nishimura, Kazuo
83-29 The "Big Link" Hypothesis in Markets With Asymmetric Information: An Experimental Study
by Pitchik, Carolyn & Schotter, Andrew
83-28 Persistent Differences in the Size of Firms, and Demand-Based Informational Scale-Economies
by Jovanovic, Boyan & Rob, Raphael
83-27 A Model of Scale Economies and Product Differentiation in International Trade
by Dollar, David
83-26 Innovation, Diffusion of Technology, and the Pattern of International Trade
by Dollar, David
83-25 General Equilibrium Without an Auctioneer
by Albrecht, James W. & Axell, Bo & Lang, Harald
83-24 Work, Rest and Search: A Theoretical Analysis of the Cyclical Behavior of Unemployment
by Jovanovic, Boyan
83-23 Pure-Time Reference Theory: A Post Script to the "Grand Debate"
by Kirzner, Israel M.
83-22 The Existence of Self-Enforcing Implicit Contracts
by Bull, Clive
83-21 The Choice of Conjectures In A Bargaining Game With Incomplete Information
by Rubinstein, Ariel
83-20 Methodological Issues in Accounting For Pension and Social Security "Wealth" in A Microdata Framework
by Wolff, Edward N.
83-19 Asymmetric Information and Individually Rigid Wages
by Bull, Clive & Rob, Raphael
83-18 Advances in Supervision Technology and Economic Welfare: A General Equilibrium Analysis
by Ordover, Janusz A. & Shapiro, Carl
83-17 Heterogeneous Information and the Real Business Cycle: A Theoretical and Empirical Analysis
by Jovanovic, Boyan & Shakotko, Robert A.
83-16 Micro Uncertainty, Fluctuations of Averages and the Efficiency of the Business Cycle in an Economy with Idiosyncratic Exchange
by Jovanovic, Boyan
83-15 Proportional Representation in Variable-Size Legislatures
by Brams, Steven J. & Fishburn, Peter C.
83-14 Were the Ordinalists Wrong About Welfare Economics?
by Cooter, Robert & Rappoport, Peter
83-13 Exchange Rates, Prices and Interest Rates: Reconsidering the Basic Relationships of Exchange Rate Determination
by Schulmeister, Stephen
83-12 The Verification Problem in Arms Control: A Game-Theoretic Analysis
by Brams, Steven J. & Davis, Morton D.
83-11 The Economics of Termination of Parental Rights
by Rizzo, Mario J.
83-10 An Equilibrium Model of Search Unemployment
by Albrecht, James & Axell, Bo
83-09 Cartels, Profits, and Excess Capacity
by Osborne, Martin J. & Pitchik, Carolyn
83-08 Price Competition in a Capacity-Constrained Duopoly
by Osborne, Martin J. & Pitchik, Carolyn
83-07 On Bargaining, Settling, and Litigation: A Problem in Multistage Games With Imperfect Information
by Ordover, Janusz A. & Rubinstein, Ariel
83-06 Profit-Sharing in a Collusive Industry
by Osborne, Martin J. & Pitchik, Carolyn
83-05 Two Comments On Cost-Of-Living Indices
by Russell, R. Robert
83-04 Internal Organization In a Dynamic Context: Some Theoretical Considerations
by Langlois, Richard N.
83-03 Subjective Forecasts and Output-Inflation Relationship
by Frydman, Roman
83-02 Individual Expectations and Aggregate Outcomes: An Introduction to the Problem
by Frydman, Roman & Phelps, Edmund S.
83-01 Sufficient Conditions for the Existence of Periodic Cycles in Discrete-Time Intertemporal Optimization Models and Applications to Optimal Growth and the Adjustment-Cost Theory of Investment
by Benhabib, Jess & Nishimura, Kazuo

1982

82-31 Internal and External Regulation of Markets with Asymmetric Information
by Pitchik, Carolyn & Schotter, Andrew
82-30 Individual Rationality, Decentralization and the Rational Expectations Hypothesis
by Frydman, Roman
82-29 A Distinction Between the Unconditional Expectational Equilibrium and the Rational Expectations Equilibrium
by Frydman, Roman
82-28 Research and Development, Utilization and Labor Requirements: A Dynamic Analysis
by Bernstein, Jeffrey I. & Nadiri, M. Ishaq
82-27 Financing and Investment in Plant and Equipment and Research and Development
by Bernstein, Jeffrey I. & Nadiri, M. Ishaq
82-26 Systems Theory, Knowledge and the Social Sciences and on the Reception of Noise: A Rejoiner
by Langlois, Richard N.
82-25 Implicit Contracts in the Absence of Enforcement and Risk Aversion
by Bull, Clive
82-24 Third-Degree Price Discrimination and Spatial Monopolistic Competition
by Moore, Giora
82-23 Competition and Discovery
by O'Driscoll, Gerald P., Jr. & Rizzo, Mario J.
82-22 Formulation and Estimation of Dynamic Factor Demand Equations Under Non-Static Expectations: A Finite Horizon Model
by Nadiri, M. Ishaq & Prucha, Ingmar R.
82-21 Economics as a Process, Notes on the "New Institutional Economics"
by Langlois, Richard N.
82-20 Investment in R&D, Costs of Adjustment and Expectations
by Nadiri, M. Ishaq & Schankerman, Mark
82-19 Defining Alternative Wage Indexation Rules for an Open Economy
by Bruni, Franco
82-18 Competitive Payments Systems and the Unit of Account in Evolutionary Perspective
by White, Lawrence H.
82-17 Optimal Taxation of Bequests: The Maximin Case
by Rodriguez, Alvaro
82-16 Foreign Exchange Dealing and the Transactions Demand for Foreign Exchange
by Suvanto, Antti
82-15 Trade Structure and Transmission of Inflation: Theory and Japanese Experience
by Choi, Jongmoo Jay & Nadiri, M. Ishaq
82-14 Threat Power in Sequential Games
by Brams, Steven J. & Hessel, Marek P.
82-13 Entrepreneurship and Knowledge
by Langlois, Richard N.
82-12 Lionel Robbins’ Nature and Significance, Fifty Years Later
by Kirzner, Israel M.
82-11 Arbitrage, Hedging and Equilibrium in Futures Markets
by Benhabib, Jess & Bull, Clive
82-10 Supervision and Social Welfare: An Expositionary Example
by Ordover, Janusz A.
82-09 Subjective Probability and Subjective Economics
by Langlois, Richard N.
82-08 The Econometric Approach to Business-Cycle Analysis Reconsidered
by Alexander, Albert & Ramsey, James B.
82-07 Are Large Firms More Powerful Than Small Ones?
by Osborne, Martin J. & Pitchik, Carolyn
82-06 Equilibria for a Three-Person Location Problem
by Osborne, Martin J. & Pitchik, Carolyn
82-05 Subjectivism
by Rizzo, Mario J.
82-04 Misses and Lakatos, A Reformulation of Austain Methodology
by Rizzo, Mario J.
82-03 Polls and the Problem of Strategic Information in Elections
by Brams, Steven J.
82-02 Measuring Labor Compensation in Controls Programs
by McMenamin, J. Stuart & Russell, R. Robert
82-01 Macroeconomics of Stagflation Under Flexible Exchange Rates
by Kouri, Pentti J.K.

1981

81-31 Externalities in the Von Neuman Growth Model
by Fischer, Dietrich
81-30 Why Are There Firms
by Langlois, Richard N.
81-29 A Duopoly Model With Endogenous Leader-Follower, Follower-Leader or Follower-Follower Equilibrium Conventions of Behavior
by Berman, Simeon M. & Schotter, Andrew
81-28 Job Search: The Choice of Intensity
by Benhabib, Jess & Bull, Clive
81-27 Peak Pricing, Congestion and Fairness
by Baumol, William J. & Fischer, Dietrich
81-26 Invulnerability Without Threat: The Swiss Concept of General Defense
by Fischer, Dietrich
81-25 Equilibrium Strategies For Final-Offer Arbitration
by Brams, Steven J. & Merrill, Samuel III
81-24 OPEC: Retrospective and Prospects, 1973-1990
by Gately, Dermot
81-23 The Maximum Likelihood Estimation of Parameters Contained within Finitely Bounded Compact Sets: Some Preliminary Results
by Ramsey, James B.
81-22 Knowing, Expecting, and Theorizing
by Driscoll, Gerald P., Jr.
81-21 Additive Decomposable Inequality Measures
by Russell, R. Robert
81-20 A Theory of Economic Loss in the Law of Torts
by Rizzo, Mario J.
81-19 Profitability and Growth: A Model of Capital Accumulation in an Economy with Capital Shortage and Excess Supply of Labour
by Kouri, Pentti J.K.
81-18 The Imputation Theory of Proximate Cause: An Economic Framework
by Rizzo, Mario J.
81-17 Macroeconomic Adjustment to Interest Rate Disturbances: Real and Monetary Aspects
by Kouri, Pentti J.K.
81-16 Allen and Kenen on Asset Markets, Exchange Rates, and Economic Integration: A Review Article
by Kouri, Pentti J.K.
81-15 Modeling OPEC Behavior
by Gately, Dermot
81-14 An Alternative Perspective on Econometric Tests of the National Expectations Hypothesis
by Frydman, Roman & Schankerman, Mark
81-13 Arbitrage, Hedging and Equilibrium in Futures Markets
by Benhabib, Jess & Bull, Clive
81-12 Towards an Understanding of Market Processes: Individual Expectations, Market Behavior and Convergence to Rational Expectations Equilibrium
by Frydman, Roman
81-11 The Optimal Quantity of Money: A Formal Treatment
by Benhabib, Jess & Bull, Clive
81-10 The Effect of Risk on Interest Rates: A Synthesis of the Macroeconomic and Financial Views
by Kouri, Pentti J.K.
81-09 Balance of Payments and the Foreign Exchange Market: A Dynamic Partial Equilibrium Model
by Kouri, Pentti J.K.
81-08 Why Take a Game Theoretical Approach to Economics? Institutions, Economics and Game Theory
by Schotter, Andrew
81-07 On Blame-Free and Theft-Free Allocations and Equilibria
by Schotter, Andrew
81-06 Dynamics of an Arms Race With Offensive or Defensive Arms
by Fischer, Dietrich
81-05 An Economic Definition of Predatory Product Innovation
by Ordover, Janusz A. & Willig, Robert D.
81-04 Product Liability Rules and Moral Hazard
by Kambhu, John
81-03 Perspectives on the Stagflation of the 1970’s
by Kouri, Pentti J.K. & de Macedo, Jorge Braga
81-02 Rational Expectations, Monetary Data and Fed Watching
by Bull, Clive
81-01 Optimal Choice of Supplier Under Asymmetric Information and Moral Hazard
by Kambhu, John

1980

80-27 Absorbing Outcomes in 2 x 2 Games
by Brams, Steven J. & Hessel Marek
80-26 Mechanisms That Reveal Optimal Choice of Supplier Under Asymmetric Information
by Kambhu, John
80-25 Rational Expectations of Government Policy: An Application of Newcomb’s Problem
by Frydman, Roman
80-24 On the Interpretation of the Lucas Supply Function in Rational Expectations Models
by Bull, Clive & Frydman, Roman
80-23 Another Look at the Subjectivism of Costs
by Kirzner, Israel M.
80-22 Information and the Law: Evaluating Legal Restrictions on Competitive Contracts
by Ordover, Janusz A. & Weiss, A.
80-21 On the Political Sustainability of Taxes
by Ordover, Janusz A. & Schotter, Andrew
80-20 When is the Incentive Problem Real?
by Berman, Simeon M. & Schotter, Andrew
80-19 Unanimity of Opinions and Convergence to Rational Expectations Equilibrium
by Frydman, Roman
80-18 Technical Change, Returns to Scale and the Productivity Slowdown
by Nadiri, M. Ishaq & Schankerman, Mark A.
80-17 Variable Cost Functions and the Rate of Return to Quasi-Fixed Factors: An Application to R&D in the Bell System
by Nadiri, M. Ishaq & Schankerman, Mark A.
80-16 Keynes and His Grandchildren: A Fiftieth Anniversary Reflection on Growth and Life
by Haines, Walter W.
80-14 On the Nonlinear Pricing of Inputs
by Ordover, Janusz A. & Panzar, John C.
80-13 Optimal Resource Allocation in Presidential Primaries
by Brams, Steven J. & Davis, Morton D.
80-12 Producers Theory
by Nadiri, M. Ishaq
80-11 Mathematics and Theology: Game-Theoretic Implications of God’s Omniscience
by Brams, Steven J.
80-10 Nonmyoptic Equilibria
by Brams, Steven J. & Wittman, DOnald
80-09 Individually Rational Expectations and Market Behavior
by Frydman, Roman
80-08 The Myth of Continuous Inflation: United States Experience, 1700-1980
by Haines, Walter W.
80-07 Discrimination and Market Structure
by Brenner, Reuven
80-06 Economics and Game Theory: A Survey
by Schotter, Andrew & Schwodiauer, Gerhard
80-05 On the Consequences of Costly Litigation in the Model of Single Activity Accidents: Some New Results
by Ordover, Janusz A.
80-04 Informationally Efficient Breach Rules
by Schotter, Andrew
80-03 On the Theory of Productivity and Unbalanced Growth
by Baumol, William J. & Wolff, Edward N.
80-02 An Exploration Into the Determinants of Research Intensity
by Pakes, Ariel & Schankerman, Mark
80-01 A Theory of Development, or Markets and Human Capital in Primitive Societies
by Brenner, Reuven

1979

79-34 Law Amid Flux: The Economics of Negligence and Strict Liability in Tort
by Rizzo, Mario J.
79-33 Sectoral Productivity Slowdown
by Nadiri, M. Ishaq
79-32 A "Textbook" Model of Inflation and Unemployment
by Hof, Franz & Prisch, Helmut
79-31 Causal Apportionment in Tort Law
by Arnold, Frank S. & Rizzo, Mario J.
79-30 The Effects of 'Double-Counting' on the Measured Contribution of Research and Development
by Schankerman, Mark A.
79-29 Pareto Optimal Bidding Mechanisms Under Asymmetric Information
by Kambhu, John
79-28 Incompetents and Charlatans in Markets With Asymmetric Information: The Endogenous Evolution of Industry Ethics
by Schotter, Andrew
79-27 Explaining Changes in Balances of Payments and Foreign-Exchange Rates: A Polemic Without Graphs, Algebra and Citations
by Machlup, Fritz
79-26 Long-Term Contracts, the Prisoner’s Dilemma and X-Efficiency
by Brenner, Reuven
79-25 Why Do People Discriminate?
by Brenner, Reuven
79-24 Why Do People Leave Inheritance?
by Brenner, Reuven
79-23 Human Capital and Changing Circumstances
by Brenner, Reuven
79-22 Optimal Economic Search and Labor Market Policy: An Experimental Study
by Braunstein, Yale & Schotter, Andrew
79-21 Redistributing Incomes: Ex Ante or Ex Post
by Ordover, Janusz A.
79-20 Optimal Economic Search: An Experimental Study
by Braunstein, Yale & Schotter, Andrew
79-19 The Economics of Tipping and Gratuities: An Essay in Institution Assisted Micro-Economics
by Schotter, Andrew
79-18 Forms for Empirical Cost Functions to Evaluate Efficiency of Industry Structure
by Baumol, William J. & Fischer, Dietrich & Nadiri, M. Ishaq
79-17 Price Expectations, Foreign Exchange and Interest Rates and Demand for Money in an Open Economy
by Nadiri, M. Ishaq
79-16 Contributions and Determinants of Research and Development Expenditures in the US Manufacturing Industries
by Nadiri, M. Ishaq
79-15 Life-Cycle Patterns in the Household Accumulation of Wealth
by Wolff, Edward N.
79-14 The Structure of Production, Technological Change and the Rate of Growth of Total Factor Productivity in the Bell System
by Nadiri, M. Ishaq & Schankerman, Mark A.
79-13 Human Motivation and Economic Growth
by Haines, Walter, W.
79-12 The Role of Information in Designing Social Policy Towards Externalities
by Ordover, Janusz A. & Wellig, Robert D.
79-11 Economic Costs, Moral Costs or Retributive Justice: The Rationale of Criminal Law
by Rizzo, Mario J.
79-10 The Tendency Toward Efficiency in the Common Law
by Arnold, Frank S. & Rizzo, Mario J.
79-09 On the Concept of Optimal Taxation in an Overlapping-Generations Model of Efficient Growth
by Ordover, Janusz A. & Phelps, Edmund S.
79-08 Evolutionary Stable Market Equilibria
by Schotter, Andrew
79-07 Sluggish Price Adjustments and the Effectiveness of Monetary Policy Under Rational Expectations
by Frydman, Roman
79-05 Products Liability in Markets With Heterogenous Consumers
by Ordover, Janusz A.
79-04 Efficient Estimation of Nonlinear Regression Models With Autocorrelated Errors
by Frydman, Roman
79-03 I Waive My Right To Read This Recommendation: A Theoretical Analysis of the Buckley Amendment
by Manove, M. & Ordover, Janusz A.
79-02 On the Nonexistence of Pareto Superior Outlay Schedules
by Ordover, Janusz A. & Panzar, John C.
79-01 Supergames and Diffusion Processes: A Theory of Norm and Institution Assisted Supergames
by Berman, Simeon M. & Schotter, Andrew

1978

78-18 Income Support and the Poverty Trap
by Barr, N.A. & Stein, B.

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