Publications

by members of

Institute for Policy Analysis
University of Toronto
Toronto, Canada

Working papers

2007

1. Ritter, Moritz, 2007. "The Optimum Quantity of Money Revisited: Distortionary Taxation in a Search Model of Money," MPRA Paper 1973, University Library of Munich, Germany. [Downloadable!]

2006

1. Miquel Faig & Belén Jerez, 2006. "Precautionary Balances and the Velocity of Circulation of Money," Working Papers tecipa-188, University of Toronto, Department of Economics. [Downloadable!]
2. Miquel Faig & Belén Jerez, 2006. "Inflation, Prices, and Information in Competitive Search," Working Papers tecipa-215, University of Toronto, Department of Economics. [Downloadable!]
3. Miquel Faig & Xiuhua Huangfu, 2006. "Competitive-Search Equilibrium In Monetary Economies," Working Papers tecipa-217, University of Toronto, Department of Economics. [Downloadable!]
4. Miquel Faig & Pauline Shum, 2006. "What Explains Household Stock Holdings?," Working Papers tecipa-218, University of Toronto, Department of Economics. [Downloadable!]
5. Miquel Faig, 2006. "Divisible Money In An Economy With Villages," Working Papers tecipa-216, University of Toronto, Department of Economics. [Downloadable!]
6. Miquel Faig & Belen Jerez, 2006. "Precautionary Balances and the Velocity of Circulation of Money," 2006 Meeting Papers 457, Society for Economic Dynamics. [Downloadable!]
7. Michelle Alexopoulos, 2006. "The Power of Print," 2006 Meeting Papers 865, Society for Economic Dynamics.

2005

1. Miquel Faig & Belén Jerez, 2005. "Precautionary Balances And The Velocity Of Circulation Of Money," Economics Working Papers we051406, Universidad Carlos III, Departamento de Economía. [Downloadable!]
2. Miquel Faig & Belen Jerez, 2005. "Inflation, Prices, And Information In Competitive Search," Economics Working Papers we051708, Universidad Carlos III, Departamento de Economía. [Downloadable!]
3. Belen Jerez & Miquel Faig, 2005. "Inflation, Prices, and Information in Competitive Search," 2005 Meeting Papers 462, Society for Economic Dynamics. [Downloadable!]

2004

1. Miquel Faig, 2004. "Divisible Money in an Economy with Villages," Levine's Bibliography 122247000000000159, UCLA Department of Economics. [Downloadable!]
2. Miquel Faig, 2004. "Divisible Money in an Economy with Villages," Econometric Society 2004 North American Summer Meetings 248, Econometric Society. [Downloadable!]
3. Michelle Alexopoulos, 2004. "Read All About it: What happens following a technology shock," 2004 Meeting Papers 56, Society for Economic Dynamics.
4. Tricia Gladden & Michelle Alexopoulos, 2004. "The Effects of Wealth, and Unemployment Benefits on Search Behavior and Labor Market Transitions," Econometric Society 2004 North American Summer Meetings 517, Econometric Society. [Downloadable!]
5. C. Robert Clark & Ignatius J. Horstmann, 2004. "Advertising and Coordination in Markets with Consumption Scale Effects," CIRANO Working Papers 2004s-35, CIRANO. [Downloadable!]
6. Horstmann, Ignatius J & Scharf, Kimberley Ann & Slivinski, Al, 2004. "Can Private Giving Promote Economic Segregation?," CEPR Discussion Papers 4354, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
7. Frank Mathewson & Ignatius J. Horstmann, 2004. "Coordination, Specialization and Incentives: An Equilibrium Model of Firm Boundaries," Econometric Society 2004 North American Winter Meetings 266, Econometric Society. [Downloadable!]

2003

1. Miquel Faig & Belen Jerez, 2003. "A Theory of Commerce: Competitive Search Under Private Information," Working Papers faig-02-01, University of Toronto, Department of Economics. [Downloadable!]
2. Miquel Faig & Gregory Gagnon, 2003. "Scarce Collateral and Bank Reserves," Working Papers faig-03-01, University of Toronto, Department of Economics. [Downloadable!]

2002

1. Horstmann, Ignatius J & Scharf, Kimberley Ann, 2002. "A Theory of Distributional Conflict, Voluntarism and Segregation," CEPR Discussion Papers 3625, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)

2001

1. Miquel Faig, 2001. "A Search Theory of Money and Commerce with Neoclassical Production," Working Papers faig-01-01, University of Toronto, Department of Economics. [Downloadable!]
2. Miquel Faig, 2001. "A Search Theory of Money and Commerce with Neoclassical Production," Economics Working Papers 567, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
3. Ignatius J. Horstmann & James R. Markusen & Jack Robles, 2001. "Multi-Issue Bargaining and Linked Agendas: Ricardo Revisited or No Pain No Gain," NBER Working Papers 8347, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

2000

1. Miquel Faig, 2000. "Money With Idiosyncratic Uninsurable Returns To Capital," Working Papers faig-00-01, University of Toronto, Department of Economics. [Downloadable!]
2. Miquel Faig & Sonia Laszlo, 2000. "Liquidity Effects With Long Lived Production Projects," Working Papers faig-00-02, University of Toronto, Department of Economics. [Downloadable!]
3. Miquel Faig & Pauline Shum, 2000. "Portfolio Choice in the Presence of Personal Illiquid Projects," Working Papers faig-00-03, University of Toronto, Department of Economics. [Downloadable!]
4. Lutz-Alexander Busch & Ignatius J. Horstmann, 2000. "The Game of Negotiations: Ordering Issues and Implementing Agreements," UWO Department of Economics Working Papers 200010, University of Western Ontario, Department of Economics. [Downloadable!]
5. Ignatius J. Horstmann & Kimberley A. Scharf, 2000. "The Game of Negotiations: Ordering Issues and Implementing Agreements," UWO Department of Economics Working Papers 200011, University of Western Ontario, Department of Economics. [Downloadable!]
6. Lutz-Alexander Busch & Ignatius Horstmann, 2000. "The Game of Negotiations: Ordering Issues and Implementing Agreements," Econometric Society World Congress 2000 Contributed Papers 1109, Econometric Society. [Downloadable!]

1999

1. Miquel Faig, 1999. "Asset Pricing, Growth, And The Business Cycle With Irreversible Investment," Working Papers faig-98-02, University of Toronto, Department of Economics. [Downloadable!]
2. Miquel Faig, 1999. "The Optimal structure of Liquidity Provided by a Self Financed Central Bank," Working Papers faig-99-01, University of Toronto, Department of Economics. [Downloadable!]
3. Horstmann, Ignatius J & Scharf, Kimberley Ann, 1999. "The New Federalism: Distributional Conflict, Voluntarism and Segregation," CEPR Discussion Papers 2273, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)

1998

1. Miquel Faig, 1998. "Understanding Investment Irreversibility In General Equilibrium," Working Papers faig-98-01, University of Toronto, Department of Economics. [Downloadable!]
2. Miquel Faig, 1998. "Money In A Model With Overlapping Production Activities," Working Papers faig-98-03, University of Toronto, Department of Economics. [Downloadable!]

1997

1. Miquel Faig, 1997. "INVESTMENT IRREVERSIBILITY IN GENERAL EQUILIBRIUM: Capital Accumulation, Interest Rates, and the Risk Premium," Working Papers faig-97-01, University of Toronto, Department of Economics. [Downloadable!]
2. Miquel Faig & Pauline Shum, 1997. "INVESTMENT IRREVERSIBILITY AND ENDOGENOUS FINANCING: An Evaluation of the Corporate Tax Effects," Working Papers faig-97-02, University of Toronto, Department of Economics. [Downloadable!]

1996

1. Miquel Faig & Pauline Shum, 1996. "Irreversible Investment, Financing Choice and Asymmetric Corporate Taxes," Working Papers faig-96-01, University of Toronto, Department of Economics. [Downloadable!]

1995

1. Ignatius J. Horstmann & James R. Markusen, 1995. "Exploring New Markets: Direct Investment, Contractual Relations and the Multinational Enterprise," NBER Working Papers 5029, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
2. Horstmann, I.J. & LaCasse, C., 1995. "Secret Reserve Prices in a Bidding Model with a Re-Sale Option," Papers 9507e, Ottawa - Departement des Sciences Economiques.
3. Busch, L.A. & Horstmann, J., 1995. "Concession and the Agenda in Bargaining," UWO Department of Economics Working Papers 9511, University of Western Ontario, Department of Economics.
4. Samuel A. Rea, Jr., 1995. "Breaking Up is Hard to Do: The Economics of Spousal Support," Working Papers reas-95-01, University of Toronto, Department of Economics. [Downloadable!]
5. Samuel A. Rea, 1995. "Breaking Up is Hard to Do: The Economics of Spousal Support," Law and Economics 9505001, EconWPA. [Downloadable!]
6. Michael Baker & Rea Samuel A. Rea, 1995. "Employment Spells and Unemployment Insurance Eligibility Requirements," Labor and Demography 9505001, EconWPA. [Downloadable!]

1994

1. Faig, M. & Shum, P., 1994. "Stochastic Dynamics of the Firm's Joint Financial and Investment Decisions with Loss Carry-Foreward and Carry-Back," Papers 94-6, York (Canada) - Department of Economics.
2. Michael Baker & Samuel A. Rea, Jr., 1994. "Employment Spells and Unemployment Insurance Eligibility Requirements," Working Papers reas-95-02, University of Toronto, Department of Economics. [Downloadable!]

1990

1. Ignatius J. Horstmann & James R. Markusen, 1990. "Endogenous Market Structures in International Trade," NBER Working Papers 3283, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

1989

1. Horstmann, I.J. & Macdonald, G.M., 1989. "Is There Advertising, In Truth?," University of Chicago - Economics Research Center 89-4, Chicago - Economics Research Center.

1988

1. Horstmann, I.J. & Macdonald, G.M., 1988. "Equilibrium Marketing Strategies: Is There Advertising, In Truth?," RCER Working Papers 127, University of Rochester - Center for Economic Research (RCER).

1986

1. John C. Ham & Samuel Rea, 1986. "Unemployment Insurance and Male Unemployment Duration in Canada," Working Papers 592, Princeton University, Department of Economics, Industrial Relations Section.. [Downloadable!]

Undated

1. Michelle Alexopoulos & Ian Domowitz, . "Personal Liabilities and Bankruptcy Reform: An International Perspective," IPR working papers 98-8, Institute for Policy Resarch at Northwestern University.

Journal articles

2007

1. Miquel Faig & Belén Jerez, 2007. "Precautionary Balances and the Velocity of Circulation of Money," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(4), pages 843-873, 06. [Downloadable!] (restricted)
2. Faig, Miquel & Huangfu, Xiuhua, 2007. "Competitive-search equilibrium in monetary economies," Journal of Economic Theory, Elsevier, vol. 136(1), pages 709-718, September. [Downloadable!] (restricted)
3. Alexopoulos, Michelle, 2007. "A monetary business cycle model with unemployment," Journal of Economic Dynamics and Control, Elsevier, vol. 31(12), pages 3904-3940, December. [Downloadable!] (restricted)

2006

1. Shum, Pauline & Faig, Miquel, 2006. "What explains household stock holdings?," Journal of Banking & Finance, Elsevier, vol. 30(9), pages 2579-2597, September. [Downloadable!] (restricted)
2. Miquel Faig & Belén Jerez, 2006. "Inflation, Prices, and Information in Competitive Search," Advances in Macroeconomics, Berkeley Electronic Press, vol. 6(1), pages 1313-1313. [Downloadable!] (restricted)
3. Michelle Alexopoulos & Stephen Sapp, 2006. "Exploring the Behavior of Economic Agents: the role of relative preferences," Economics Bulletin, Economics Bulletin, vol. 12(2), pages 1-7. [Downloadable!]
4. Michelle Alexopoulos, 2006. "Shirking in a monetary business cycle model," Canadian Journal of Economics, Canadian Economics Association, vol. 39(3), pages 689-718, August. [Downloadable!] (restricted)

2005

1. Faig, Miquel & Jerez, Belen, 2005. "A theory of commerce," Journal of Economic Theory, Elsevier, vol. 122(1), pages 60-99, May. [Downloadable!] (restricted)
2. C. Robert Clark & Ignatius J. Horstmann, 2005. "Advertising and Coordination in Markets with Consumption Scale Effects," Journal of Economics & Management Strategy, Blackwell Publishing, vol. 14(2), pages 377-401, 06. [Downloadable!] (restricted)
3. Ignatius J. Horstmann & Frank Mathewson & Neil Quigley, 2005. "Agency Contracts with Long-Term Customer Relationships," Journal of Labor Economics, University of Chicago Press, vol. 23(3), pages 467-490, July. [Downloadable!]
4. Ignatius J. Horstmann & James R. Markusen & Jack Robles, 2005. "Issue Linking in Trade Negotiations: Ricardo Revisited or No Pain No Gain," Review of International Economics, Blackwell Publishing, vol. 13(2), pages 185-204, 05. [Downloadable!] (restricted)

2004

1. Alexopoulos, Michelle, 2004. "Unemployment and the business cycle," Journal of Monetary Economics, Elsevier, vol. 51(2), pages 277-298, March. [Downloadable!] (restricted)
2. Alexopoulos, Michelle & Cohen, Jon, 2004. "What's wrong with forced wage compression? The fair wage hypothesis redux," Economics Letters, Elsevier, vol. 83(3), pages 391-398, June. [Downloadable!] (restricted)
3. Alexopoulos, Michelle & Cohen, Jon, 2004. "Centralised wage bargaining and structural change in Sweden," European Review of Economic History, Cambridge University Press, vol. 7(03), pages 331-363, March. [Downloadable!]

2003

1. Michelle Alexopoulos, 2003. "Growth and unemployment in a shirking efficiency wage model," Canadian Journal of Economics, Canadian Economics Association, vol. 36(3), pages 728-746, August. [Downloadable!] (restricted)
2. Horstmann, Ignatius & MacDonald, Glenn, 2003. "Is advertising a signal of product quality? Evidence from the compact disc player market, 1983-1992," International Journal of Industrial Organization, Elsevier, vol. 21(3), pages 317-345, March. [Downloadable!] (restricted)

2002

1. Miquel Faig & Pauline Shum, 2002. "Portfolio Choice in the Presence of Personal Illiquid Projects," Journal of Finance, American Finance Association, vol. 57(1), pages 303-328, 02. [Downloadable!] (restricted)
2. Busch, Lutz-Alexander & Horstmann, Ignatius J., 2002. "The game of negotiations: ordering issues and implementing agreements," Games and Economic Behavior, Elsevier, vol. 41(2), pages 169-191, November. [Downloadable!] (restricted)

2001

1. Faig, Miquel, 2001. "Understanding Investment Irreversibility in General Equilibrium," Economic Inquiry, Oxford University Press, vol. 39(4), pages 499-510, October.

2000

1. Faig, Miquel, 2000. "The Optimal Structure of Liquidity Provided by a Self-Financed Central Bank," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 32(4), pages 746-65, November.
2. Faig, Miquel, 2000. "Money with Idiosyncratic Uninsurable Returns to Capital," Journal of Economic Theory, Elsevier, vol. 94(2), pages 218-240, October. [Downloadable!] (restricted)

1999

1. Faig, Miquel & Shum, Pauline, 1999. "Irreversible investment and endogenous financing: An evaluation of the corporate tax effects," Journal of Monetary Economics, Elsevier, vol. 43(1), pages 143-171, February. [Downloadable!] (restricted)
2. Lutz-Alexander Busch & Ignatius J. Horstmann, 1999. "research article : Signaling via an agenda in multi-issue bargaining with incomplete information," Economic Theory, Springer, vol. 13(3), pages 561-575. [Downloadable!] (restricted)
3. Lutz-Alexander Busch & Ignatius Horstmann, 1999. "Endogenous Incomplete Contracts: A Bargaining Approach," Canadian Journal of Economics, Canadian Economics Association, vol. 32(4), pages 956-975, August. [Downloadable!] (restricted)

1998

1. Alexopoulos, Michelle & Domowitz, Ian, 1998. "Personal Liabilities and Bankruptcy Reform: An International Perspective," International Finance, Blackwell Publishing, vol. 1(1), pages 127-59, October. [Downloadable!] (restricted)
2. Michael Baker & Samuel A. Rea, 1998. "Employment Spells And Unemployment Insurance Eligibility Requirements," The Review of Economics and Statistics, MIT Press, vol. 80(1), pages 80-94, February. [Downloadable!] (restricted)

1997

1. Horstmann, Ignatius J & LaCasse, Chantale, 1997. "Secret Reserve Prices in a Bidding Model with a Resale Option," American Economic Review, American Economic Association, vol. 87(4), pages 663-84, September. [Downloadable!] (restricted)
2. Busch, Lutz-Alexander & Horstmann, Ignatius J, 1997. "Bargaining Frictions, Bargaining Procedures and Implied Costs in Multiple-Issue Bargaining," Economica, London School of Economics and Political Science, vol. 64(256), pages 669-80, November. [Downloadable!] (restricted)
3. Busch, Lutz-Alexander & Horstmann, Ignatius, 1997. "A Comment on Issue-by-Issue Negotiations," Games and Economic Behavior, Elsevier, vol. 19(1), pages 144-148, April. [Downloadable!] (restricted)

1996

1. Horstmann, Ignatius J & Markusen, James R, 1996. "Exploring New Markets: Direct Investment, Contractual Relations and the Multinational Enterprise," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 37(1), pages 1-19, February.

1995

1. Faig, Miquel, 1995. "A simple economy with human capital: Transitional dynamics, technology shocks, and fiscal policies," Journal of Macroeconomics, Elsevier, vol. 17(3), pages 421-446. [Downloadable!] (restricted)

1994

1. Faig, Miquel, 1994. "Debt Restructuring and the Time Consistency of Optimal Policies," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 26(2), pages 171-81, May. [Downloadable!] (restricted)
2. Faig, Miquel, 1994. "Debt Restructuring and the Time Consistency of Optimal Policies: Erratum," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 26(3), pages 516, August.
3. Horstmann, Ignatius J & MacDonald, Glenn M, 1994. "When Is Advertising a Signal of Product Quality?," Journal of Economics & Management Strategy, Blackwell Publishing, vol. 3(3), pages 561-84, Fall.

1993

1. Cheung Kamman & Archibald Sandra & Faig Miquel, 1993. "Impact of Central Planning on Production Efficiency: The Case of the Cotton Yarn Industry in China," Journal of Comparative Economics, Elsevier, vol. 17(1), pages 23-42, March. [Downloadable!] (restricted)
2. Rea, Samuel Jr., 1993. "The economics of insurance law," International Review of Law and Economics, Elsevier, vol. 13(2), pages 145-162, June. [Downloadable!] (restricted)

1992

1. Horstmann, Ignatius J. & Markusen, James R., 1992. "Endogenous market structures in international trade (natura facit saltum)," Journal of International Economics, Elsevier, vol. 32(1-2), pages 109-129, February. [Downloadable!] (restricted)

1991

1. Faig, Miquel, 1991. " Time Inconsistency, Capital Mobility and Debt Restructuring in a Small Open Economy," Scandinavian Journal of Economics, Blackwell Publishing, vol. 93(3), pages 447-55.
2. Faig, Miquel, 1991. "The optimal taxation of money balances in different environments," Journal of Macroeconomics, Elsevier, vol. 13(1), pages 171-181. [Downloadable!] (restricted)

1990

1. Rea, Samuel Jr., 1990. "Taxation, the standard of care and damage awards," International Review of Law and Economics, Elsevier, vol. 10(3), pages 285-292, December. [Downloadable!] (restricted)

1989

1. Faig, Miquel, 1989. "Seasonal Fluctuations and the Demand for Money," The Quarterly Journal of Economics, MIT Press, vol. 104(4), pages 847-61, November. [Downloadable!] (restricted)
2. Horstmann, Ignatius J & Markusen, James R, 1989. "Firm-Specific Assets and the Gains from Direct Foreign Investment," Economica, London School of Economics and Political Science, vol. 56(221), pages 41-48, February. [Downloadable!] (restricted)
3. Samuel A, Jr Rea, 1989. "An Economic Analysis of Buyer's Breach: A Comment," Canadian Journal of Economics, Canadian Economics Association, vol. 22(4), pages 904-09, November. [Downloadable!] (restricted)

1988

1. Faig, Miquel, 1988. "Characterization of the optimal tax on money when it functions as a medium of exchange," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 137-148, July. [Downloadable!] (restricted)

1987

1. Horstmann, Ignatius J & Markusen, James R, 1987. "Strategic Investments and the Development of Multinationals," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 28(1), pages 109-21, February. [Downloadable!] (restricted)
2. Ignatius Horstmann & James R. Markusen, 1987. "Licensing versus Direct Investment: A Model of Internalization by the Multinational Enterprise," Canadian Journal of Economics, Canadian Economics Association, vol. 20(3), pages 464-81, August. [Downloadable!] (restricted)
3. Rea, Samuel Jr., 1987. "The economics of comparative negligence," International Review of Law and Economics, Elsevier, vol. 7(2), pages 149-162, December. [Downloadable!] (restricted)
4. Ham, John C & Rea, Samuel A, Jr, 1987. "Unemployment Insurance and Male Unemployment Duration in Canada," Journal of Labor Economics, University of Chicago Press, vol. 5(3), pages 325-53, July. [Downloadable!] (restricted)

1986

1. Horstmann, Ignatius J. & Markusen, James R., 1986. "Up the average cost curve: Inefficient entry and the new protectionism," Journal of International Economics, Elsevier, vol. 20(3-4), pages 225-247, May. [Downloadable!] (restricted)
2. Rea, Samuel Jr, 1986. "Damages for buyer breach," International Review of Law and Economics, Elsevier, vol. 6(1), pages 77-86, June. [Downloadable!] (restricted)

1985

1. Horstmann, Ignatius & MacDonald, Glenn M & Slivinski, Alan, 1985. "Patents as Information Transfer Mechanisms: To Patent or (Maybe) Not to Patent," Journal of Political Economy, University of Chicago Press, vol. 93(5), pages 837-58, October. [Downloadable!] (restricted)

1984

1. Rea, Samuel A, Jr, 1984. "Arm-breaking, Consumer Credit and Personal Bankruptcy," Economic Inquiry, Oxford University Press, vol. 22(2), pages 188-208, April.

1981

1. Rea, Samuel A, Jr, 1981. "Workmen's Compensation and Occupational Safety under Imperfect Information," American Economic Review, American Economic Association, vol. 71(1), pages 80-93, March. [Downloadable!] (restricted)

1977

1. Samuel A, Jr Rea, 1977. "Investment in Human Capital under a Negative Income Tax," Canadian Journal of Economics, Canadian Economics Association, vol. 10(4), pages 607-20, November. [Downloadable!] (restricted)
2. Samuel A, Jr Rea, 1977. "Unemployment Insurance and Labour Supply: A Simulation of the 1971 Unemployment Insurance Act," Canadian Journal of Economics, Canadian Economics Association, vol. 10(2), pages 263-78, May. [Downloadable!] (restricted)

1974

1. Rea, Samuel Jr., 1974. "Incentive effects of alternative negative income tax plans," Journal of Public Economics, Elsevier, vol. 3(3), pages 237-249, August. [Downloadable!] (restricted)

1971

1. Cohen, Malcolm S & Lerman, Robert I & Rea, Samuel A, Jr, 1971. "Area Employment Conditions and Labor-Force Participation: A Microstudy," Journal of Political Economy, University of Chicago Press, vol. 79(5), pages 1151-60, Sept.-Oct. [Downloadable!] (restricted)

This page was last updated on 2008-8-3.