Queen's University, Department of Economics

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1991

• 827 Testing for Structural Breaks in Cointegrated Relationship
  by Allan W. Gregory & Jason M. Nason
• 826 Calibration in Macroeconomics
  by Allan W. Gregory & Gregor W. Smith
• 825 Cointegration, Error Correction and the Dynamics of Canadian M2 and M2+ Demand
  by Aly F. Jiwan
• 824 Regulatory Auditing and Ramsey Pricing
  by Devon Garvie
• 823 Tariffs in Dynamic Differentiated Duopoly
  by Beverly J. Lapham
• 822 Needs and Targetting
  by Michael Keen
• 821 The Comparison Between ad Valorem and Specific Taxation Under Imperfect Competition
  by Sofia Delipalla & Michael Keen
• 820 Corporation Tax Asymmetries and Investment: Evidence from UK Panel Data
  by Michael Devereux
• 819 Jeux sans frontieres: Tax Competition and Tax Coordination when Countries Differ in Size
  by Michael Keen & Ravi Kanbur
• 818 Notes on Economic Depreciation of Natural Resource Stocks and National Accounting
  by John M. Hartwick
• 817 Promotion, Turnover and Preemptive Wage Offers
  by David Scoones & Dan Bernhardt
• 816 Solving Stochastic Dynamic Programming Problems Using Rules of Thumb
  by Anthony A. Smith, Jr.
• 815 Contractual Design with Correlated Information Under Limited Liability
  by Dominique M. Demougin & Devon A. Garvie
• 814 The Profitability of Early Canadian Railroads: Evidence form the Grand Trunk and Great Western Railway Companies
  by Ann Carlos & Frank Lewis
• 813 Monetary Integration, Uncertainty and the Role of Monetary Policy
  by Graham M. Voss
• 812 Auctions Versus Posted-Price Selling
  by Ruqu Wang
• 811 Testing for Cointegration in Linear Quadratic Models
  by Allan W. Gregory
• 810 Job Search Strategy , Expected Wages, and Sectoral Movers and Stayers
  by Jonathan Thomas & Dan Bernhardt
• 809 Public Firms as Regulatory and Auditing Instruments
  by Devon Garvie & Roger Ware
• 808 Promotion & Incentives in Partnerships: Theory and Evidence
  by Christopher Ferrall
• 807 Strategic Behavior and Information Revelation in Dynamic Auctions
  by Ruqu Wang
• 806 Asset Pricing Puzzles and Incomplete Markets
  by Chris I. Telmer
• 805 The Redistributive Role of Minimum Wage Legislation and Unemployment Insurance
  by Nicolas Marceau & Robin Boadway
• 804 Distinguishing Characteristics of Foreign High Technology Acquisitions in Canada's Manufacturing Sector
  by John R. Baldwin & Paul K. Gorecki
• 802 Labour Force Participation by Canada's Disabled
  by John Harkness

• 1162 The Multinomial Option Pricing Model and Its Brownian and Poisson Limits
  by Frank Milne & Dilip Madan & Hersh Shefrin [Downloadable!]
• 803 Occupational Access and Wage Discrimination
  by Peter J. Dolton & Michael P. Kidd
• 801 Strategic Innovation and Economic Growth
  by Allen C. Head & Beverly J. Lapham
• 800 The Geometry of the Wald Test
  by Russell Davidson
• 799 Optimal Non-linear Income Taxation for the Alleviation of Income Poverty
  by Ravi Kanbur & Michael Keen & Matti Tuomala
• 798 Free Cash Flow, Signalling and the Dividend Puzzle
  by Alan V. Douglas
• 797 An Empirical Examination of Deviations from the Laws of One Price Using West German Data
  by Beverly J. Lapham
• 796 The Use of Public Expenditure for Distributive Purposes
  by Robin Boadway & Maurice Marchand
• 795 Increasing Pollution with Optimal Corrective Taxes
  by John M. Hartwick
• 794 The Term Structure of Interest Rates: Departures from Time Separable Expected Utility
  by Allan W. Gregory & Graham M. Voss
• 793 A Dynamic General Equilibrium Analysis of Deviations from the Laws of One Price
  by Beverly J. Lapham
• 792 Accounting for Forward Rates in Markets for Foreign Currency
  by David K. Backus & Allan W. Gregory & Chris I. Telmer
• 791 Industry Efficiency and Plant Turnover in the Canadian Manufacturing Sector
  by John Baldwin
• 790 Money, Nominal Contracts, and the Business Cycle: I. One-period Contract Case
  by Jang-Ok Cho
• 789 Market Structure and the Business Cycle
  by Jang-Ok Cho
• 788 Ex Post Heterogeneity and the Business Cycle
  by Jang-Ok Cho
• 787 Risk Sharing, Indivisible Labor and Aggregate Fluctuations
  by Jang-Ok Cho & Richard Rogerson
• 786 Growth, Specialization, and Trade Liberalization
  by Michael Devereux
• 785 The Significance of the Probabilistic Voting Theorem
  by Dan Usher
• 784 Language in the Labor Market: The Immigrant Experience in Canada and the United States
  by Barry R. Chiswick & Paul W. Miller
• 783 Semiparametric Specification Testing of Nonlinear Models
  by Miguel A. Delgado & Thanasis Stengos
• 782 The Efficiency Effects of Discrete Tax Rate Changes without Lump-sum Taxes and Transfers
  by Neil Bruce
• 781 Regression-Based Methods for Using Control and Antithetic Variates in Monte Carlo Experiments
  by Russell Davidson & James G. MacKinnon [Downloadable!]
• 780 Market Structure and the Intensity of the Competitive Process in the Canadian Manufacturing Sector
  by John R. Baldwin & Paul K. Gorecki
• 779 Nominal Exchange Rate Dynamics in the European Monetary System
  by Michael G. Spencer
• 778 Semiparametric Specification Testing
  by Miguel A. Delgado & Thanasis Stengos
• 777 Time Consistent Policy and the Structure of Taxation
  by Neil Bruce
• 776 The Social Opportunity Cost of Consumption for Canada, 1965 to 1986
  by Ian M. McDonald & Luca Tacconi
• 775 Barriers to Export
  by Richard G. Harris
• 774 Realistic Cross-Country Consumption Correlation in a Two-Country, Equilibrium, Business Cycle Model
  by Michael B. Devereux & Allan W. Gregory & Gregor W. Smith
• 773 Mergers and the Competitive Process
  by John Baldwin & Paul Gorecki
• 772 Pollution and National Accounting
  by John M. Hartwick
• 771 Natural Resources, National Accounting and Economic Depreciation
  by John M. Hartwick
• 770 The Birth of the Liberal Society
  by Dan Usher
• 769 The Contribution of the Competitive Process to Productivity Growth: The Role of the Firm and Plant Turnover
  by John R. Baldwin & Paul K. Gorecki
• 768 Intra-Industry Mobility in the Canadian Manufacturing Sector
  by John R. Baldwin & Paul K. Gorecki
• 767 Firm Entry and Exit in the Canadian Manufacturing Sector
  by John R. Baldwin & Paul K. Gorecki
• 766 Trade and Industrial Policy for a 'Declining?' Industry: The Case of U.S. Steel Industry
  by Richard G. Harris

• 765 Barter and Money, and the Optimality of Legal Restrictions
  by Merwan Engineer & Dan Bernhardt
• 764 Skill Profiles, Observability and Firm Hierarchies: A Theory of Promotion and Compensation
  by Dan Bernhardt
• 763 Contingent Protection, and the International Distribution of Excess Capacity
  by Richard G. Harris
• 762 Firm Turnover and Market Structure: Concentration Statistics as a Misleading Practice
  by John R. Baldwin & Paul K. Gorecki
• 761 Capital Accumulation and the Current Account in a Two-Country Model
  by Michael B. Devereux & Shouyong Shi
• 760 Anonymous Sequential Games with Aggregate Uncertainty
  by James Bergin & Dan Bernhardt
• 759 The Neutrality of Business Taxation in the Presence of Capital Adjustment Costs and Risk
  by Kenneth J. McKenzie
• 758 The New Protectionism Revisited
  by Richard G. Harris
• 757 I. The Economics of Durable Exhaustible Resources - II. Mining Gold for the Currency and Optimal Real Balances
  by John M. Hartwick
• 756 Six Models of Advertising Welfare
  by Dan Usher
• 755 Testing the Permanent Income Hypothesis: The Evidence from Canadian Data
  by Tony S. Wirjanto
• 754 National Savings and Domestic Investment in the Long Run: Some Time Series Evidence for the U.S. and Canada
  by Glenn Otto & Tony S. Wirjanto
• 753 Renegotiation Proof Equilibria in Continuous Time Games
  by James Bergin & Bentley MacLeod
• 752 Efficiency and Renegotiation in Repeated Games
  by James Bergin & Bentley MacLeod
• 751 A Model of Strategic Behaviour in Repeated Games
  by James Bergin
• 750 Unemployment Insurance and Unemployment Dynamics
  by Ross D. Milbourne & Douglas D. & W. David Scoones
• 749 Government Purchases and Real Interest Rates with Endogenous Time Preference
  by Michael B. Devereux
• 748 Technological Change, Sectoral Shifts and the Distribution of Earnings: A Human Capital Model
  by Julian R. Betts
• 747 The Fisher Equation Controversy: A Reconciliation of Contradictory Results
  by Jha, R. & Sahu, A.P.
• 746 Measuring Resource Scarcity in Non-Renewable Resources with Inequality Constrained Estimation
  by Perry A. Sadorsky
• 745 Defence Expenditures by Countries in Allied and Adversarial Relationships
  by Neil Bruce
• 744 The 1988 Canada-United States Free Trade Agreement: A Dynamic General Equilibrium Evaluation of the Transition Effects
  by Richard G. Harris & Victoria Kwakwa
• 743 Trade Unions, Non-Binding Wage Agreements, and Capital Accumulation
  by Michael B. Devereux & Ben Lockwood
• 742 An Empirical Study of the Impact of Corporate Taxation on the Debt Policy of Canadian Firms
  by Jan Bartholdy & Gordon R. Fisher & Jack Mintz
• 741 I- NNP and Economic Depreciation of Natural Resource Stocks- II-The Nonrenewable Resources Exploring-Extracting Firm and the R% Rule
  by John M. Hartwick
• 740 Informational Externalities in the Labour Market and Their Implications for the Duration of Unemployment
  by Ben Lockwood

• 739 A General Equilibrium Spatial Model of Housing Quality and Quantity
  by Richard Arnott & Ralph Braid & Russell Davidson & David Pines
• 738 Empirical Tests of Ricardian Equivalence
  by Charles Bram Cadsby & Murray Frank
• 737 Estimates of Canadian GDP, Monthly, 1962 to 1985
  by Richard Guay & Ross D. Milbourne & Glenn Otto & Gregor W. Smith
• 736 Optimal Public Sector Employment Policy with Endogenous Involuntary Unemployment
  by Robin Boadway & Maurice Marchand & Pierre Pestieau
• 735 Problems with Integrating Corporate and Personal Income Taxes in an Open Economy
  by Robin Boadway & Neil Bruce
• 734 Canadian Economic Growth 1870-1980
  by M.C. Urquhart
• 733 Current Account Dynamics in a Heckscher-Ohlin Economy with Finite Horizons
  by Arman Mansoorian
• 732 The Market Provision of Club Goods
  by Peter W. Kennedy
• 731 Giffenness in Imports and Fluctuation in Import Prices for a Small Open Economy
  by John M. Hartwick
• 730 Sources of Employment Growth By Occupation and Industry in Canada: A Comparison of Structural Changes in the 1960's and 1970's
  by Julian R. Betts & Thomas H. McCurdy
• 729 Two Exact, Non-Arbitrary and General Methods of Decomposition Analysis
  by Julian R. Betts
• 728 The Ricardian Approach to Budget Deficits
  by Robert J. Barro
• 727 Risk Premiums in Asset Prices and Returns
  by David K. Backus & Allan W. Gregory
• 726 Explaining Current Exhaustible Resource Prices with CAPM
  by John Hartwick & David Yeung
• 725 Calibration as Testing, Type I Error in the Equity Premium Puzzle
  by Allan W. Gregory & Gregor W. Smith
• 724 A New Form of the Information Matrix Test
  by Russell Davidson & James G. MacKinnon
• 723 Stochastic Process Switching and the Return to Gold, 1925
  by Gregor W. Smith & R. Todd Smith
• 722 Housing Vacancies, Thin Markets, and Idiosyncratic Tastes
  by Richard Arnott
• 721 Duopoly in Exhaustible Resource Exploration and Extraction
  by John Hartwick & Perry Sadorsky
• 720 A Model of Retiree Demand for Life-Insured Annuities and Policy When Markets Fail and Optimal Public Provision is not Feasible
  by Peter G.C. Townley
• 719 Uncertain Lifetimes, Informational Asymmetries and Public Choice: Compulsory vs. Voluntary Social Security
  by Peter G.C. Townley
• 718 Does Paying Interest on Bank Reserves Improve Welfare?
  by Ross Milbourne
• 717 Heteroskedasticity-robust tests for structural change
  by James G. MacKinnon [Downloadable!]
• 716 How Informative are Preliminary Announcements of the Money Stock in Canada?
  by Ross Milbourne & Gregor W. Smith
• 715 Disequilibrium Buffer Stock Models: A Survey
  by Ross Milbourne
• 713 Frictional and Long-Term Unemployment in a Spatially Separated Economy
  by Ian P. King
• 712 The Duality of Hotelling Rent and Economic Depreciation, and Growth Accounting with Exhaustible Resources
  by John M. Hartwick
• 711 Patent Races Optimal with Respect to Entry
  by John M. Hartwick
• 710 The Theory and Practice of Point-Optimal Testing
  by Naorayex K. Dastoor & Gordon Fisher
• 709 Cigarette Smoking and Quitting: A Life-Cycle Approach
  by Richard Arnott & Frank Lewis & Nancy Olewiler
• 708 The Theory of Contracts and Labor Practices in Japan and the United States
  by Yoshitsugu Kanemoto & W. Bentley MacLeod
• 707 Specification Tests Based on Artificial Regressions
  by Russell Davidson & James G. MacKinnon [Downloadable!]

• 714 A Theorem Regarding Elasticities on the Transactions Demand for Money
  by Ross Milbourne
• 706 Continuous Time Repeated Games of Complete Information
  by James Bergin
• 705 Immigrant Earnings Differentials and Cohort Effects in Canada
  by Michael G. Abbott & Charles M. Beach
• 704 Spatial Competition and the Core
  by Jonathan H. Hamilton & W. Bentley MacLeod
• 703 The Ratchet Effect, the Market for Senior Workers, and Intertemporal Commitment
  by Yoshitsugu Kanemoto & W. Bentley MacLeod
• 702 Price Discrimination and Product Line Rivalry
  by Victor Ginsburgh & Bentley MacLeod & Shlomo Weber
• 701 Price Discrimination and Equilibrium in Monopolistic Competition
  by W. B. MacLeod & G. Norman & J.F. Thisse
• 700 Calibration as Estimation
  by Allan W. Gregory & Gregor W. Smith
• 699 Substitution, Risk Aversion and the Temporal Behaviour of Consumption and Asset Returns I: A Theoretical Framework
  by Larry G. Epstein & Stanley E. Zin
• 698 Substitution, Risk Aversion and the Temporal Behaviour of Consumption and Asset Returns II: An Empirical Analysis
  by Larry G. Epstein & Stanley E. Zin
• 697 Labour Turnover and the Natural Rate of Unemployment: An Incomplete Contracts Approach
  by W. Bentley MacLeod & James M. Malcomson
• 696 Taxation and Business Activity: A Survey
  by Jack M. Mintz & Douglas D. Purvis
• 695 Testing a Government's Present-Value Borrowing Constraint
  by Gregor W. Smith & Stanley E. Zin
• 694 Intertemporal Substitution, Risk and the Time Series Behaviour of Consumption and Asset Returns
  by Stanley E. Zin
• 693 Aggregate Consumption Behaviour in a Life Cycle Model with Non-Additive Recursive Utility
  by Stanley E. Zin
• 692 Apparent Bubbles and Misspecified Fundamentals
  by Gregor W. Smith
• 691 Double-Length Artificial Regressions
  by Russell Davidson & James G. MacKinnon [Downloadable!]
• 690 Bottleneck Congestion with Elastic Demand
  by Richard Arnott & Andre de Palma & Robin Lindsey
• 689 Menu Costs Pricing Theory and Endogenous Conditional Heteroskedasticity
  by Gregor W. Smith
• 688 Menu Costs, Sticky Prices, and Strategic Firm Interaction
  by Dan Bernhardt
• 687 Testing for Consistency using Artificial Regressions
  by Russell Davidson & James G. MacKinnon [Downloadable!]
• 686 Intensity of Preference Under Representative Government
  by Dan Usher
• 685 The Rise and Fall of the Public Sector in the Estimation of the Economists
  by Dan Usher
• 684 Trade and Exchange-Rate Dynamics in a Dynamic Competitive Economy
  by David K. Backus & Patrick J. Kehoe
• 683 Alternative Views of the Corporate Tax: A Reassessment of the Carter Report Twenty Years Later
  by Jack M. Mintz
• 682 Tax-Transfer Policies and the Voluntary Provision of Public Goods
  by Robin Boadway & Pierre Pestieau & David Wildasin
• 681 Government Spending and the Optimal Rates of Consumption and Capital Accumulation
  by Slobodan Djajic
• 678 On Point-Optimal Cox Tests
  by Naorayex K. Dastoor & Gordon Fisher

• 680 Goods, Services and Trade
  by Slobodan Djajic & Henryk Kierzkowski
• 679 Dynamics of the Exchange Rate in Anticipation of Pegging
  by Slobodan Djajic
• 677 Current-Account Effects of a Temporary Change in Government Expenditure
  by Slobodan Djajic
• 676 Ex Post Versus Ex Ante Optimal Policies for Risky Activities
  by Robin Boadway & David E. Wildasin
• 675 Effects of Budgetary Policies in Open Economies: The Role of Intertemporal Consumption Substitution
  by Slobodan Djajic
• 674 Taxation and the Firm's Leverage Decision : A Survey of Theoretical Issues
  by Jan Bartholdy & Gordon Fisher & Jack Mintz
• 673 Forward-Looking, Stochastic Cash Management and the Demand for Money
  by Gregor W. Smith
• 672 Taxes, Public Goods and the Ruling Class
  by Merwan Engineer
• 671 The Dynastic Cycle and the Stationary State
  by Dan Usher
• 670 Alternative Estimates of Union-Nonunion and Public-Private Wage Differentials in Ontario, 1981
  by Michael G. Abbott & Thanasis Stengos
• 669 Male and Female Earnings in Canadian Manufacturing, 1931
  by Michael G. Abbott & M. Ruth Beck
• 668 Satisfaction Guaranteed or Money (Partially) Refunded: Efficient Refunds Under Asymmetric Information
  by Linda A. Welling
• 667 Labour Contracts with Firms Subject to Debt Default Penalties
  by Raymond J. Farrow
• 666 Neo-Classical Adjustment Rules with Time Varying Discount Rates - Theory and Applications
  by Melvyn G. Coles & Raymond J. Farrow
• 665 Risk Premiums in the Term Structure : Evidence from Artificial Economies
  by David K. Backus & Allan W. Gregory & Stanley E. Zin
• 664 Who are the Volunteers in the Battle Against Budget Deficits?
  by Martin Prachowny
• 663 Tests of the Martingale Hypothesis for Foreign Currency Futures with Time-Varying Volatility
  by Thomas H. McCurdy & Ieuan G. Morgan
• 662 Testing a Theory of Exact Aggregation
  by Christopher J. Nicol
• 661 Migrants in a Guest-Worker System
  by Slobodan Djajic
• 660 Credible Disinflation in Closed and Open Economies
  by David Backus & John Driffill
• 659 Debt Capacity and LDC's Borrowing: A Critical Review
  by Paul Lanoie
• 658 Departure Time and Route Choice
  by R. Arnott & A. de Palma & R. Lindsey
• 657 On the Mechanics of Economic Development: W.A. Mackintosh Lecture 1985
  by Robert E. Lucas, Jr.
• 656 Involuntary Unemployment in Dynamic Contract Equilibria
  by W. Bentley MacLeod & James M. Malcomson
• 655 Testing for the Transformation of the Dependent Variable
  by James G. MacKinnon & Lonnie Magee
• 654 A Simple Test for Specification Error
  by Christopher J. Nicol
• 653 The Distribution of Income in a Despotic Society
  by Dan Usher & Merwan Engineer
• 652 Social Security and the Failure of Annuity Markets
  by Peter Townley & Robin Boadway
• 651 Taxation and Corporate Policy Under Uncertainty
  by Carmen Carrera
• 650 The Rotten-Kid Theorem Meets the Samaritan's Dilemma
  by Neil Bruce & Michael Waldman
• 649 Entry, Sunk Costs and Market Structure
  by Bentley MacLeod
• 648 Behaviour and the Organization of the Firm
  by Bentley MacLeod
• 646 Are Price Equations Really Money Demand Equations on their Heads?
  by James G. MacKinnon & Ross D. Milbourne
• 645 Government Loan Guarantees and the Failure of the Canadian Northern Railway
  by Frank Lewis & Mary MacKinnon
• 642 Testing the Specification of Econometric Models in Regression and Non-Regression Directions
  by Russell Davidson & James G. MacKinnon [Downloadable!]
• 638 A Positive Theory of Fiscal Policy in Open Economies
  by David Backus & Michael Devereux & Douglas Purvis
• 637 Tax Evasion and the Marginal Cost of Public Funds
  by Dan Usher
• 635 The Welfare Economics of Moral Hazard
  by Richard Arnott & Joseph Stiglitz
• 632 The Stock Market and Capital Accumulation in an Open Economy with Flexible Exchange Rate
  by Merih Uctum Asikoglu
• 631 Macroeconomic Interdependence and Policy Coordination Between the U.S. and Europe
  by Yaman Asikoglu
• 585 Implicit Contracts, Incentive Compatibility, and Involuntary Unemployment
  by W. Bentley MacLeod & James M. Malcomson

• 647 Temporary Import Quota and the Current Account
  by Slobodan Djajic
• 644 Multiperiod Wage Contracts and Productivity Profiles
  by Jerry Timmins & Dan Bernhardt
• 643 Money and Loans
  by Dan Bernhardt
• 641 Least Squares Theory and the Hausman Specification Test
  by Gordon Fisher & Richard J. Smith
• 640 Dominant Factors in Dollar-Sterling Exchange Rate Movements, 1965-1981
  by Steve H. Thomas & G.W. McKenzie
• 639 Testing the Martingale Hypothesis in the Deutschmark/US dollar Futures and Spot Markets
  by Thomas H. McCurdy & Ieuan G. Morgan
• 636 Economics of a Bottleneck
  by Richard Arnott & Andre de Palma & Robin Lindsey
• 634 An Empirical Estimate of Imperfect Loss Offsetting and Effective Tax Rates
  by Jack M. Mintz
• 633 A Calculation of the Marginal Effective Tax Rates for the Canadian Mining Industry
  by Robin Boadway & Neil Bruce & Ken McKenzie & Jack Mintz
• 630 Market Equilibrium and Optimal Product Diversity: A Logit Specification
  by Simon Anderson & Andre de Palma

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