# Elsevier

# Economics Letters

**Contact information of Elsevier:**

Web page: http://www.elsevier.com/locate/ecolet

**Download restrictions:** Full text for ScienceDirect subscribers only **Editor:**

Additional information is available for the following
registered editor(s): Eric S. Maskin
**For corrections or technical questions regarding this series, please contact
(Zhang, Lei)** **Series handle:** repec:eee:ecolet
**Citations RSS feed:** at CitEc
**Impact factors**:
Simple,
Recursive,
Discounted,
Recursive discounted,
H-Index,
Aggregate
**Access and download statistics****Top item:** By citations. By downloads (last 12 months).

More pages of listings: 0| 1| 2| 3| 4| 5| 6| 7| 8| 9| 10| 11| 12| 13| 14| 15| 16| 17| 18| 19| 20| 21| 22| 23| 24| 25| 26| 27| 28| 29| 30| **31**| 32| 33| 34| 35| 36| 37| 38| 39| 40| 41| 42| 43| 44

### 1992, Volume 39, Issue 2

**213-216 Behavior of systematic risk in a regionally integrated model for stock prices***by*Akdogan, Haluk**217-221 Deductibility and optimal state and local fiscal policy***by*Metcalf, Gilbert E.**223-227 A test of the measures of non-discriminatory wages used to study wage discrimination***by*Baldwin, Marjorie & Johnson, William G.**229-234 Occupational segregation and career advancement***by*Winter-Ebmer, Rudolf & Zweimuller, Josef**235-240 On the empirical relationship between unemployment duration, unemployment insurance and voluntary unemployment***by*Belzil, Christian**241-247 User cost minimisation and transport subsidy***by*Tisato, Peter**249-249 A test for the presence of precautionary saving (economics letters 37, no. 4, pp. 471-475)***by*Kuehlwein, Michael

### 1992, Volume 39, Issue 1

**1-5 Recursive estimation and generated regressors***by*McAleer, Michael & McKenzie, C. R.**7-11 A consistent test for the null of stationarity against the alternative of a unit root***by*Kahn, James A. & Ogaki, Masao**13-18 Small sample properties of tests of linear restrictions on cointegrating vectors and their weights***by*Podivinsky, Jan M.**19-22 Estimating a generalised censored regression model : A new method***by*Izadi, Hooshang**23-28 GMM, maximum likelihood, and nonparametric efficiency***by*Back, Kerry & Brown, David P.**29-32 A computer program for frontier production function estimation : Frontier version 2.0***by*Coelli, T. J.**33-36 Asymmetric surplus distribution and the price convergence path in posted-offer markets : A note***by*Kujal, Praveen**37-42 When does a decrease in a distortion increase welfare?***by*Roberts, Russell D.**43-47 The utility of infinite menus***by*Nielsen, Lars Tyge**49-54 Are rational expectations really rational?***by*Benassy, Jean-Pascal**55-58 Are saving and investment cointegrated? : Another look at the data***by*Gulley, O. David**59-64 Some theorems of international trade with endogenous factor supply***by*Waschik, Robert**65-71 Piecemeal trade reform in presence of producer-specific domestic subsidies***by*Beghin, John C. & Karp, Larry S.**73-78 Tariff behavior in five European countries***by*Gardner, Grant W. & Slottje, Daniel J. & Kimbrough, Kent P.**79-84 From a customs union to a common market : The need for factor-tax harmonization***by*Michael, Michael S.**85-90 Lunch break and intraday volatility of stock returns : An hourly data analysis of Tokyo and New York stock markets***by*Ito, Takatoshi & Lin, Wen-Ling**91-94 Return volatilities and trading activities on an emerging Asian market***by*Ho, Yan-Ki & Cheung, Yan-Leung & Draper, Paul & Pope, Peter**95-99 Employer-provided retiree health insurance: Who is covered?***by*Macpherson, David A.**101-104 Spillover effects from government employment***by*Jacobsen, Joyce P.**105-109 Survey non-response and biases in wage regressions***by*Zweimuller, Josef**111-116 Sectoral shifts, unemployment and vacancies : An empirical analysis for the Netherlands***by*van Ours, J. C. & van der Tak, C. M.**117-121 Digit preference in CPS unemployment data***by*Baker, Michael

### 1992, Volume 38, Issue 4

**375-380 The exact distribution of R2 when the regression disturbances are autocorrelated***by*Carrodus, Mark L. & Giles, David E. A.**381-386 Testing for unit roots using the augmented Dickey-Fuller test : Some issues relating to the size, power and the lag structure of the test***by*Harris, R. I. D.**387-392 The KPSS stationarity test as a unit root test***by*Shin, Yongcheol & Schmidt, Peter**393-398 A note on bargaining and inflation***by*Casella, Alessandra & Feinstein, Jonathan**399-403 On the Nash equilibrium property of an auction matching game***by*Laine, Jean**405-409 Learning and equilibrium selection in 2 x 2 games : Some simulation results***by*Di Gioacchino, Debora**417-422 Price and quantity competition in homogeneous duopoly markets***by*Allen, Beth**423-429 Counter-offers in the theory of individual job search***by*McKenna, C. J.**431-434 On the importance of the measurement of consumption in tests of Ricardian equivalence***by*Graham, Fred C.**435-441 International evidence on output persistence from postwar data***by*Cheung, Yin-Wong & Lai, Kon S.**443-449 Distortions to capital mobility : The case of joint ventures***by*Abdalla, Adil E. A.**451-456 Transaction costs and the expansion of Third-World multinationals***by*Ferrantino, Michael J.**457-465 Variance ratio tests of random walk for foreign exchange rates***by*Urrutia, Jorge L.**467-472 Explaining mark/dollar and yen/dollar exchange rates in the 1980s***by*van Hoek, Taco H.**473-478 Duration of debt overhang with two lender banks***by*Prokop, Jacek**479-486 Information and rationality asymmetries in a simple high-low search wage model***by*Reyniers, Diane J.**487-490 Sequential entry and deterrence with competitive spatial price discrimination***by*Gupta, Barnali

### 1992, Volume 38, Issue 3

**251-257 On the lack of invariance of some asymptotic tests to rescaling***by*Dagenais, Marcel G. & Dufour, Jean-Marie**259-262 Testing for seasonality***by*Hans Franses, Philip**263-267 Sampling variability in Hansen-Jagannathan bounds***by*Gregory, Allan W. & Smith, Gregor W.**269-273 A nested Tobit analysis for a sequentially censored regression model***by*Lee, Byung-Joo**275-277 Another n-person bargaining game with a unique perfect equilibrium***by*Yang, Jeong-Ae**279-284 Modelling output growth : A new approach***by*Van Hoa, Tran**285-289 Kernel estimation with cross-validation using the fast Fourier transform***by*Breslaw, Jon A.**291-297 Player importance and forward induction***by*Amershi Amin H. & Sadanand Asha & Sadanand Venkatraman**299-303 The valuation of the exponential function and implications for derived interest rates***by*Benzion Uri & Granot Alon & Yagil Joseph**305-308 Towards a more general version of the almost ideal demand system***by*Neves, Pedro Duarte**309-312 Price independence of output elasticities of input demand, nonlinear expansion paths, and factor substitution***by*Lau, Lawrence J.**313-318 Variable evaluation costs and the design of fallible hierarchies and polyarchies***by*Koh Winston T. H.**319-323 The productivity puzzle : A 10% solution***by*Burnett Nancy J.**325-329 Misspecification bias in models of the effect of inflation uncertainty***by*Davis George & Kanago Bryce**335-339 Endogenous protection and retaliation between Canada and the United States***by*Bohara Alok K. & Kaempfer William H.**341-344 Whose sabbath matters?, or, when does the weekend effect occur?***by*Plaut Steven E.**345-349 Simple normative rules imply simple positive rules***by*Bucovetsky S.**351-354 International inequalities in human development and real income***by*Ram Rati**355-359 Further evidence on the wage curve***by*Groot Wim & Mekkelholt Eddie & Oosterbeek, Hessel**361-365 The firm's level of employee search***by*Smith Bruce H.**367-371 Unused innnovations***by*Mariotti Marco**373-373 Incomplete markets and the suboptimality of rational expectations (Economics Letters 36, no. 4, pp. 343-346)***by*Benassy Jean-Pascal**373-373 Imputing a continous income variable from a bracketed income variable with special attention to missing observations (Economics Letters 37, no. 3, pp. 287-291)***by*Stern Steven

### 1992, Volume 38, Issue 2

**127-132 Monte Carlo sampling procedure and Bayesian encompassing tests : Normal case***by*Bouoiyour, Jamal**133-137 Model adequacy and influential observations***by*Franses, Philip Hans & Biessen, Guido**139-143 A note on weak exogeneity in VAR cointegrated models***by*Dolado, Juan J.**145-150 Some consequences of using the Chow test in the context of autocorrelated disturbances***by*Giles, David & Scott, Murray**151-156 A note on the distribution of the least squares estimator of a random walk with a linear trend***by*Goerlich, Francisco J.**157-162 A simple test for parameter constancy in a nonlinear time series regression model***by*Leybourne, S. J. & McCabe, B. P. M.**163-167 The distribution of the Theil U-statistic in bivariate normal populations***by*Mizrach, Bruce**169-174 Efficiency estimation using rotating panel data models***by*Kumbhakar, Subal C.**175-179 A meta-allocation mechanism in cooperative bargaining***by*Anbarci, Nejat & Yi, Gyoseob**181-185 Strategic delegation in bargaining***by*Burtraw, Dallas**187-193 A vertical decomposition of embodied technical change : Empirical evidence of U.S. manufacturing***by*Lee, Jong-Kun**195-198 Manipulability of choice aggregations***by*Baigent, Nick**199-206 Duration dependency and unobserved heterogeneity in unemployment time series : An empirical analysis for the Netherlands***by*Ours, J. C. van**207-212 Country balance sheet data vs. traditional macro variables in a logit model to predict debt rescheduling***by*Backer, Arno**217-222 A welfare analysis of the Diamond-Dybvig model***by*Sussman, Oren**223-227 Indirect shareholding within Japan's business groups***by*Flath, David**229-232 Unilateral most-favored-customer pricing : A comparison with Stackelberg***by*Neilson, William S. & Winter, Harold**233-235 A note on technology choice in a principal-agent framework : The case of mules and horses in American southern agriculture***by*Kauffman, Kyle D.**237-242 The economic characteristics of IMF program countries***by*Joyce, Joseph P.**243-247 The impact of transactions activities on U.S. productivity growth***by*Fuess, Scott Jr. & van den Berg, Hendrik

### 1992, Volume 38, Issue 1

**1-7 Approximation of Bayesian posterior densities in the heteroskedastic error regression model***by*Brorsen, B. Wade**9-15 The Lagrangean multiplier test for a model with two selectivity criteria***by*Chan Ahn, Seung**17-23 A note on the estimation of limited dependent variable models under rational expectations***by*Donald, Stephen G. & Maddala, G. S.**25-29 Comparative impatience***by*Horowitz, John K.**31-36 Empirical evidence on determinants of firm growth***by*Variyam, Jayachandran N. & Kraybill, David S.**37-42 Existence of equilibria in nonconvex economies without free disposal***by*Jouini, Elyes**43-47 Fixed cost messages***by*Potters, Jan**49-53 Strategic uncertain search***by*McCardle, Kevin F.**55-60 Search costs and prices***by*Samuelson, Larry & Zhang, Jianbo**61-66 Increasing returns to scale and trade-related industry enlargement : A generalization and new proof of welfare gains***by*Grinols, Earl L.**67-72 Test of C-CAPM for Japan: 1980-1988***by*Hamori, Shigeyuki**73-76 Another look on earnings functions : Testing for the demand side***by*Boumahdi, Rachid & Plassard, Jean-Michel**77-81 Savings, remittances, and return migration***by*Merkle, Lucie & Zimmermann, Klaus F.**83-91 Innovation and the persistence of monopoly***by*Lippman, Steven A. & Mamer, John W.**93-97 On the equilibrium proportion of innovation and imitation : A game-theoretic approach***by*Eger, Thomas & Kraft, Manfred & Weise, Peter

### 1991, Volume 37, Issue 4

**333-337 Economic implications of imperfect quality certification***by*De, Sankar & Nabar, Prafulla**339-343 Durable-good monopoly with inventories***by*Wolinsky, Asher**345-349 Common trends, commodity prices and consumer prices***by*Kugler, Peter**351-356 Interest rates and inflation : A continuous time stochastic approach***by*Malliaris, A. G. & Mullady, Walter Sr. & Malliaris, M. E.**357-362 Wage dispersion and inflation : Evidence from U.K. manufacturing industries***by*Smith, Peter N. & Thomas, Stephen H.**363-370 Extensive forms and set-theoretic forms***by*Bonanno, Giacomo**371-375 Coalitionally dominant strategy mechanisms with limited public information***by*Matsushima, Hitoshi**377-381 Political uncertainty and macroeconomic performance***by*S[empty]rensen, Jan Rose**383-390 Expected inflation, unexpected inflation, and relative price dispersion : An empirical analysis***by*Kandel, Shmuel & Ofer, Aharon R. & Sarig, Oded**391-397 Posterior inference on the degrees of freedom parameter in multivariate-t regression models***by*Chib, Siddharta & Osiewalski, Jacek & Steel, Mark F. J.**399-403 Moving average filters and unit roots***by*Franses, Philip Hans**405-409 The choice of a mixing distribution in duration models***by*Jaggia, Sanjiv**411-416 Testing exclusion restrictions for a misspecified Tobit model***by*Taylor, Larry W.**417-421 Two-factor model for bond selection***by*Fang, Zhenmin & Woo, Chi-Keung**423-427 The modelling of a 'binomial' event : A cost-effective pentagon or a market inefficiency?***by*Byrd, John & Hickman, Kent & Shrader, Mark**429-432 Rational expectation, firm size, and sample selection bias***by*Gunthorpe, Deborah & Levy, Haim**433-437 Consumption, asset returns and taxes in a nonexpected utility model***by*Prasad, Kislaya**439-445 The decision to go public, accrued capital gains and taxation***by*Konrad, Kai A.**447-452 Monetary policy regime changes and the risk premium in the foreign exchange markets : A GARCH application***by*Choi, Seungmook & Kim, Benjamin J. C.**453-458 Price volatility without news about fundamentals***by*Wei, Shangjin**459-463 Firm size and R & D expenditure : A decomposition analysis for the West German economy***by*Gerhaeusser, Klaus**465-470 Demographic effects on the natural rate of unemployment or baby booms and unemployment***by*Weithers, Timothy M. & Sullivan, Edward J.**471-475 A test for the presence of precautionary saving***by*Kuehlwein, Michael**477-482 Equilibrium urban unemployment in developing countries : Is migration the culprit?***by*Stark, Oded & Ranjan Gupta, Manash & Levhari, David

### 1991, Volume 37, Issue 3

**217-221 Competition, advertising and meeting competition clauses***by*Levy, David T. & Gerlowski, Daniel A.**223-227 Implementing the core of a two-person pure allocation game without free disposal or integer games***by*Grant, Simon & King, Stephen & Peterson, Steven & Polak, Ben**229-233 Threat bargaining problems with correlated beliefs***by*Lahiri, Somdeb**235-242 Boom and bust hypothesis in the colonial Chesapeake economy : Empirical evidence for the period 1676-1713***by*Pereira, Alfredo M.**243-248 Causality between exports and economic growth : Empirical evidence from Africa***by*Ahmad, Jaleel & Kwan, Andy C. C.**249-253 Capital repartriation and the waiting game***by*Laban, Raul**255-263 A rare events model : Monte Carlo results on sample design and large sample guidance***by*Hiemstra, Craig & Kelejian, Harry H.**265-271 A Lagrange multiplier test for GARCH models***by*Lee, John H. H.**273-278 Parametric models for partially adaptive estimation with skewed and leptokurtic residuals***by*McDonald, James B.**279-285 A grouped data semiparametric competing risks model with nonparametric unobserved heterogeneity and mover-stayer structure***by*Moon, Choon-Geol**287-291 Imputing a continuous income variable from a bracketed income variable with special attention to missing observations***by*Stern, Steven**293-298 Estimating the variability of the Stein estimator by bootstrap***by*Yi, Gang**299-304 Comparative advantage and the equilibrium rate of unemployment***by*Hoon, Hian Teck**305-308 Are the GARCH models best in out-of-sample performance?***by*Lee, Keun Yeong**309-314 Difference in earnings structures across local labor markets***by*Schmitz, Susanne & Gabriel, Paul E.**315-321 The relationship between union wage and profitability effects***by*Cable, J. R. & Machin, S. J.**323-329 Tax reporting game under uncertain tax laws and asymmetric information***by*Jung, Woon-Oh**331-332 A limit theorem on the core: addendum II***by*McKenzie, Lionel & Shinotsuka, Tomoichi

### 1991, Volume 37, Issue 2

**105-109 Real interest rates and endogenous growth in a monetary economy***by*Marquis, Milton H. & Reffett, Kevin L.**111-113 All-or-nothing information control***by*Lewis, Tracy R. & Sappington, David E. M.**115-118 The seasonal cycle in U.S. manufacturing***by*Beaulieu, J. Joseph & Miron, Jeffrey A.**119-123 A Bartlett adjustment to the likelihood ratio test for homoskedasticity in the linear model***by*Attfield, C. L. F.**125-128 A standardized test for the error components model with the two-way layout***by*Honda, Yuzo**129-132 The autocorrelation structure for the GARCH-M process***by*Hong, Eun Pyo**133-138 Heteroskedasticity in simultaneous equation systems : An instrumental variable estimator***by*Vijverberg, Wim & Lee, Si-Gyoung**139-143 A new approach for modeling economic count data***by*Winkelmann, Rainer & Zimmermann, Klaus F.**145-149 The iterative law of expectation and non-additive probability measure***by*Yoo, Keuk-Ryoul**151-158 An empirical investigation among real, monetary and financial variables***by*Malliaris, A. G. & Urrutia, Jorge L.**173-177 The effects of exchange rate volatility on exports : Some new estimates***by*Asseery, A. & Peel, D. A.**179-185 The monetary approach to the exchange rate : Long-run relationships and coefficient restrictions***by*MacDonald, Ronald & Taylor, Mark P.**187-191 Incentives for cooperative and non-cooperative R and D in duopoly***by*Marjit, Sugata**193-196 Interactions between the efficiency wage and insider-outsider theories***by*Lindbeck, Assar & Snower, Dennis J.**197-201 Aversion to price variability and the optimal degree of wage indexation***by*Bar-Ilan, Avner & Zanello, Alessandro**203-208 Estimating economies of scale in higher education***by*Getz, Malcolm & Siegfried, John J. & Zhang, Hao**209-213 Spatial pricing policy and the Henry George theorem in an optimally sized market with land rents***by*Hobson, Paul A. R.

### 1991, Volume 37, Issue 1

**1-6 Time inconsistency in time-dependent team games***by*Ambler, Steve & Desruelle, Dominique**7-9 Optimal matching auctions***by*Cabra, Luis M. B.**11-17 Technological breakthroughs and development traps***by*Galor, Oded & Tsiddon, Daniel**19-24 Money and the U.S. business cycle : An analysis using disaggregated industrial production***by*Krol, Robert**25-30 The optimal size of a preliminary test for linear restrictions when estimating the regression scale parameter***by*Giles, Judith A. & Lieberman, Offer**31-34 Testing for skewness of regression disturbances***by*Godfrey, L. G. & Orme, C. D.**35-38 Tests of moment restrictions in parametric duration models***by*Jaggia, Sanjiv**39-44 Missing observations and panel data : A Monte-Carlo analysis***by*Matyas, Laszlo & Lovrics, Laszlo**45-50 Noise in autoregressive time-series***by*Szpiro, George G.**51-55 The influence of elections on federal reserve behavior***by*Allen, Stuart D. & McCrickard, Donald L.**57-60 The profitability of anticipated inflation in banking***by*Bordes, Christian & Goyeau, Daniel & Melitz, Jacques & Sauviat, Alain**61-67 Current account determination with traded capital goods***by*Taylor, Alan M.**69-76 International tax competition and gains from tax harmonization***by*Razin, Assaf & Sadka, Efraim**77-79 Testing for unit roots using panel data : Application to the French stock market efficiency***by*Boumahdi, Rachid & Thomas, Alban**81-89 Capital asset price dynamics: heterogeneity and hysteresis***by*Klein, Martin**91-95 An analysis of racial differences in wage distributions***by*Baldwin, Marjorie & Bishop, John A.**97-103 The union-nonunion wage differential over the business cycle : Evidence from PSID***by*Wunnava, Phanindra V. & Honney, John K.

### 1991, Volume 36, Issue 4

**343-346 Incomplete markets and the suboptimality of rational expectations***by*Benassy, Jean-Pascal**347-354 On the rate of time preference under recursive preferences***by*Hayakawa, Hiroaki**355-359 The existence of aggregate capital when returns to scale are non-constant***by*Lau, Lawrence J.**361-364 Elitist matching and skewness in income distributions***by*Lin, Y. Joseph & Lui, Francis T.**365-369 The bargaining problem without convexity : Extending the egalitarian and Kalai-Smorodinsky solutions***by*Conley, John P. & Wilkie, Simon**371-374 Subject response to loss in an experimental tournament***by*Drago, Robert & Heywood, John S.**375-378 Evolutionary stability in unanimity games with cheap talk***by*Warneryd, Karl**379-384 Measuring persistence in the presence of trend breaks : The case of US GNP***by*Pischke, Jorn-Steffen**385-389 Bounds for the correlations of expected inflation with real and nominal interest rates***by*Diba, Behzad T. & Oh, Seonghwan**391-396 A test for spatial and temporal aggregation***by*Thompson, Gary D.**397-401 The gains-from-trade theorem with variable returns to scale in the presence of intermediate goods***by*Ishikawa, Jota**403-407 Is there a long-run relation between the trade balance and the real effective exchange rate of LDCs?***by*Bahmani-Oskooee, Mohsen**409-412 The hazard rate of new establishments : A first report***by*Audretsch, David B. & Mahmood, Talat**413-417 Heteroskedastic inefficiency in a cost frontier model : An application to nuclear power plant construction costs***by*Robinson, Michael D. & Nixon, Lucia A.**419-423 The decline in private pension coverage in the United States***by*Parsons, Donald O.**425-428 Physician's income and the percent female of the physician's specialty***by*Hampton, Mary B.**429-433 Sensitivity of tests of the PIH to alternative consumption proxies***by*Lage, Maureen J.

### 1991, Volume 36, Issue 3

**227-232 Envy-free and efficient allocations in large public good economies***by*Diamantaras, Dimitrios**233-238 Markets with countably many periods***by*Florenzano, Monique**239-243 Quality as a substitute for quantity : Do more reliable products ever sell for less?***by*Nelson, Julianne

**31**| 32| 33| 34| 35| 36| 37| 38| 39| 40| 41| 42| 43| 44