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December 1991, Volume 81, Issue 5
- 1352-1360 Testing the Matching Hypothesis: The Case of Major-League Baseball
by Chapman, Kenneth S & Southwick, Lawrence, Jr
- 1361-1373 Price Controls and Rent Dissipation with Endogenous Transaction Costs
by Deacon, Robert T & Sonstelie, Jon
- 1374-1381 Multimarket Amenity Compensation and the Behavior of the Elderly
by Graves, Philip E & Waldman, Donald M
- 1382-1390 Migration, Regional Equilibrium, and the Estimation of Compensating Differentials
by Greenwood, Michael J, et al
- 1391-1407 Group Composition, Collective Consumption, and Collaborative Production
by McGuire, Martin C
- 1407-1418 Social Networks and Labor-Market Outcomes: Toward an Economic Analysis
by Montgomery, James D
- 1419-1426 The Health and Earnings of Rejected Disability Insurance Applicants: Comment
by Parsons, Donald O
- 1427-1434 The Health and Earnings of Rejected Disability Insurance Applicants: Reply
by Bound, John
- 1435-1436 Expectations, Taxes, and Interest: Comment
by Livingston, Miles
- 1437-1438 Expectations, Taxes, and Interest: Reply
by Ayanian, Robert
- 1439-1442 Dynamic Strategic Monetary Policies and Coordination in Interdependent Economies: Comment
by de Crombrugghe, Alain & Roubini, Nouriel & Sachs, Jeffrey D
- 1443-1445 Dynamic Strategic Monetary Policies and Coordination in Interdependent Economies: Reply
by Turnovsky, Stephen J
- 1446-1449 Too Many Proposals Pass the Benefit-Cost Test: Comment
by Quiggin, John
- 1450-1452 Too Many Proposals Pass the Benefit-Cost Test: Reply
by Hoehn, John P & Randall, Alan
- 1453-1453 Raising Rivals' Costs: Erratum
by Huang, Haizhou
September 1991, Volume 81, Issue 4
- 693-718 Collective Bargaining in the Public Sector: The Effect of Legal Structure on Dispute Costs and Wages
by Currie, Janet & McConnell, Sheena
- 719-740 The Effects of Overtime Pay Regulation on Worker Compensation
by Trejo, Stephen J
- 741-756 The Role of World War II in the Rise of Women's Employment
by Goldin, Claudia D
- 757-774 Income Redistribution in a Common Labor Market
by Wildasin, David E
- 775-796 Reconciling the Pattern of Trade with the Pattern of Migration
by Rauch, James E
- 797-818 Real Business Cycles in a Small Open Economy
by Mendoza, Enrique G
- 819-840 Stochastic Trends and Economic Fluctuations
by King, Robert G. & Plosser, Charles I. & Stock, James H. & Watson, Mark W.
- 841-858 Is the Price Level Tied to the M2 Monetary Aggregate in the Long Run?
by Hallman, Jeffrey J & Porter, Richard D & Small, David H
- 859-871 Earnings Uncertainty and Aggregate Wealth Accumulation
by Caballero, Ricardo J
- 872-886 A Theory of Channel Price Promotions
by Gerstner, Eitan & Hess, James D
- 887-900 Technological Change and the Boundaries of the Firm
by Lewis, Tracy R & Sappington, David E M
- 901-911 The Geometry of Supply, Demand, and Competitive Market Structure with Economies of Scope
by Eaton, B Curtis & Lemche, S Q
- 912-921 A General Equilibrium Model of Insurrections
by Grossman, Herschel I
- 922-930 Pitfalls in Testing for Explosive Bubbles in Asset Prices
by Evans, George W
- 931-937 Wage Growth and the Inflation Process: An Empirical Note
by Mehra, Yash P
- 938-945 The Rigidity of Prices: Evidence from the Banking Industry
by Hannan, Timothy H & Berger, Allen N
- 946-951 Credit Rationing and the Monetary Transmission Mechanism
by McCallum, John
- 952-960 A Test of Tariff Endogeneity in the United States
by Bohara, Alok K & Kaempfer, William H
- 961-970 Experimental Confirmation of the Existence of a Giffen Good
by Battalio, Raymond C & Kagel, John H & Kogut, Carl A
- 971-978 Does the Random-Lottery Incentive System Elicit True Preferences? An Experimental Investigation
by Starmer, Chris & Sugden, Robert
- 979-984 Public Provision of Private Goods and the Redistribution of Income
by Besley, Timothy & Coate, Stephen
- 985-995 Income, Consumption, and Wage Taxation in a Life-Cycle Model: Separating Efficiency from Redistribution
by Gravelle, Jane G
- 996-1001 Does Poor Supervisability Undermine Teamwork? Evidence from an Unexpected
by Putterman, Louis
- 1002-1006 Horizontal Mergers: Comment
by Werden, Gregory J
- 1007-1011 Horizontal Mergers: Reply
by Farrell, Joseph & Shapiro, Carl
- 1012-1014 Input Measurement and Productivity Growth in Japanese and U.S. Manufacturing: Comment
by Yuhn, Ky-Hyang
- 1015-1016 How to Carve a Medical Degree: Comment
by Holahan, William L & Perlman, Richard
June 1991, Volume 81, Issue 3
- 385-400 Popular Attitudes toward Free Markets: The Soviet Union and the United States Compared
by Shiller, Robert J & Boycko, Maxim & Korobov, Vladimir
- 401-414 Price Distortion and Shortage Deformation, or What Happened to the Soap?
by Weitzman, Martin L
- 415-440 A Natural Experiment in the Organization of Entry-Level Labor Markets: Regional Markets for New Physicians and Surgeons in the United Kingdom
by Roth, Alvin E
- 441-464 Sorority Rush as a Two-Sided Matching Mechanism
by Mongell, Susan & Roth, Alvin E
- 465-479 Model Uncertainty, Learning, and the Gains from Coordination
by Ghosh, Atish R & Masson, Paul R
- 480-496 Welfare Dominance: An Application to Commodity Taxation
by Yitzhaki, Shlomo & Slemrod, Joel
- 497-513 The Role of Demandable Debt in Structuring Optimal Banking Arrangements
by Calomiris, Charles W & Kahn, Charles M
- 514-538 A Model of Homogeneous Input Demand under Price Uncertainty
by Wolak, Frank A & Kolstad, Charles D
- 539-552 Sticky Prices as Coordination Failure
by Ball, Laurence & Romer, David
- 553-564 When Excessive Consumption Is Rational
by Romano, Richard E
- 565-579 Capital Formation and Productivity Convergence over the Long Term
by Wolff, Edward N
- 580-590 Economic Forecast Evaluation: Profits versus the Conventional Error Measures
by Leitch, Gordon & Tanner, J Ernest
- 591-599 The Stock Market Premium, Production, and Relative Risk Aversion
by Benninga, Simon & Protopapadakis, Aris
- 600-617 The Temporal Stability of Dividends and Stock Prices: Evidence from the Likelihood Function
by DeJong, David N & Whiteman, Charles H
- 618-621 A Note on Optimal Fines When Wealth Varies among Individuals
by Polinsky, A Mitchell & Shavell, Steven
- 622-634 Standards versus Standards: The Effects of Different Pollution Restrictions
by Helfand, Gloria E
- 635-647 Willingness to Pay and Willingness to Accept: How Much Can They Differ?
by Hanemann, W Michael
- 648-657 Strategic Buyers and the Social Cost of Monopoly
by Ellingsen, Tore
- 658-665 Increasing the Profits of a Subset of Firms in Oligopoly Models with Strategic Substitutes
by Gaudet, Gerard & Salant, Stephen W
- 666-673 Pricing Schemes and Cournotian Equilibria
by d'Aspremont, C & Ferreira, R Dos Santos & Gerard-Varet, L-A
- 675-682 Redistribution and Capital Formation
by Rangazas, Peter
- 683-684 The Welfare Economics of Price Supports in U.S. Agriculture: Comment
by Edwards, Geoff W & Vanzetti, David
May 1991, Volume 81, Issue 2
- 1-19 Procrastination and Obedience
by Akerlof, George A
- 20-25 The Economics Major: Can and Should We Do Better Than a B Minus?
by Siegfried, John J, et al
- 26-31 An Agenda for Research on Economic Education in Colleges and Universities
by Becker, William, et al
- 32-37 The Third Edition of the Test of Understanding in College Economics
by Saunders, Phillip
- 38-41 Providing Earth Observation Data from Space: Economics and Institutions
by Macauley, Molly K & Toman, Michael A
- 42-45 Trading Orbit Spectrum Assignments in the Space Satellite Industry
by Levin, Harvey J
- 46-49 Torts and Orbits: The Allocation of the Costs of Accidents Involving Spacecraft
by Butler, Ann M & Doherty, Neil A
- 50-53 The National Aerospace Plane: An American Technological Long Shot, Japanese Style
by Cohen, Linda R & Edelman, Susan A & Noll, Roger G
- 54-58 Regulation and the Law of Torts
by Rose-Ackerman, Susan
- 59-64 The Safety and Innovation Effects of U.S. Liability Law: The Evidence
by Litan, Robert E
- 65-69 Mispriced Equity: Regulated Rates for Auto Insurance in Massachusetts
by Blackmon, B Glenn, Jr & Zeckhauser, Richard
- 70-74 Multiple Equilibria and Persistence in Aggregate Fluctuations
by Durlauf, Steven N
- 75-79 Identifying the Hand of the Past: Distinguishing State Dependence from Heterogeneity
by Heckman, James J
- 80-83 History and Industry Location: The Case of the Manufacturing Belt
by Krugman, Paul
- 84-88 Complementarities, Momentum, and the Evolution of Modern Manufacturing
by Milgrom, Paul R & Qian, Yingyi & Roberts, John
- 89-96 Why Are Prices Sticky? Preliminary Results from an Interview Study
by Blinder, Alan S
- 101-105 Projecting Faculty Retirement: Factors Influencing Individual Decisions
by Lozier, G Gregory & Dooris, Michael J
- 106-110 Ending Mandatory Retirement in the Arts and Sciences
by Smith, Sharon P
- 111-115 The Effects of Pensions and Retirement Policies on Retirement in Higher Education
by Gustman, Alan L & Steinmeier, Thomas L
- 116-120 Conflict and Attitudes toward Risk
by Skaperdas, Stergios
- 121-125 The East European Revolution of 1989: Is It Surprising That We Were Surprised?
by Kuran, Timur
- 126-129 Nations and States: Mergers and Acquisitions; Dissolutions and Divorce
by Wittman, Donald
- 130-134 The Technology of Conflict as an Economic Activity
by Hirshleifer, Jack
- 135-139 International Trade in Carbon Emission Rights: A Decomposition Procedure
by Manne, Alan S & Richels, Richard G
- 140-145 Towards a Comprehensive Approach to Global Climate Change Mitigation
by Morgenstern, Richard D
- 146-150 A Sketch of the Economics of the Greenhouse Effect
by Nordhaus, William D
- 151-156 The Role of Off-the-Job vs. On-the-Job Training for the Mobility of Women Workers
by Lynch, Lisa M
- 157-160 The Impact of Nonmarket Work on Market Wages
by Hersch, Joni
- 161-165 Gender Differences in Labor Market Effects of Alcoholism
by Mullahy, John & Sindelar, Jody L
- 166-170 Europe Post-1992: Internal and External Liberalization
by Jacquemin, Alexis & Sapir, Andre
- 171-175 The Challenges of German Unification for EC Policymaking and Performance
by Owen, Robert F
- 176-180 Integration of Eastern Europe into the World Trading System
by Junz, Helen B
- 181-184 Industry Restructuring in East-Central Europe: The Challenge and the Role for Foreign Investment
by Mann, Catherine L
- 185-190 Czechoslovakia: Recent Economic Developments and Prospects
by Dyba, Karel & Svejnar, Jan
- 191-195 Economic Development in Yugoslavia in 1990 and Prospects for the Future
by Prasnikar, Janez & Pregl, Zivko
- 196-201 The Economic Integration of Post-Wall Germany
by Collier, Irwin L, Jr & Siebert, Horst
- 202-206 Chinese Enterprise Behavior under the Reforms
by Gordon, Roger H & Li, Wei
- 207-211 Why Has Economic Reform Led to Inflation?
by Naughton, Barry
- 212-217 Economic Reform of the Distribution Sector in China
by Holton, Richard H & Sicular, Terry
- 218-221 Shareholder Heterogeneity: Evidence and Implications
by Bagwell, Laurie Simon
- 222-226 Investor Diversification and International Equity Markets
by French, Kenneth R & Poterba, James M
- 227-231 Window Dressing by Pension Fund Managers
by Lakonishok, Josef, et al
- 232-236 The Rationality Struggle: Illustrations from Financial Markets
by Patel, Jayendu & Zeckhauser, Richard & Hendricks, Darryll
- 237-241 Rational Addiction and the Effect of Price on Consumption
by Becker, Gary S & Grossman, Michael & Murphy, Kevin M
- 242-247 Alcohol Consumption during Prohibition
by Miron, Jeffrey A & Zwiebel, Jeffrey
- 248-251 Who Uses Illegal Drugs?
by Sickles, Robin & Taubman, Paul
- 252-256 R&D Competition for Product Innovation: An Endless Race
by Aoki, Reiko
- 257-261 Choosing R&D Projects: An Informational Approach
by Allen, Beth
- 262-265 The Determinants of Investment in New Technology
by Lane, Sarah J
- 266-270 Diversification by Regulated Monopolies and Incentives for Cost-Reducing R&D
by Palmer, Karen
- 271-275 Diffusion of Development: Post-World War II Convergence among Advanced Industrial Nations
by Nelson, Richard R
- 276-281 Diffusion of Development: The Soviet Union
by Goldman, Marshall I
- 282-286 Diffusion of Development: The Late-Industrializing Model and Greater East Asia
by Amsden, Alice H
- 287-291 Immigrants in the U.S. Labor Market: 1940-80
by Borjas, George J
- 292-296 Immigration and Wages: Evidence from the 1980's
by Butcher, Kristin F & Card, David
- 297-302 Immigrants in the American Labor Market: Quality, Assimilation, and Distributional Effects
by LaLonde, Robert J & Topel, Robert H
- 303-306 W. E. B. Du Bois and the Historical School of Economics
by Boston, Thomas D
- 307-310 Missed Opportunity: Sandie Tanner Mossell Alexander and the Economics Profession
by Malveaux, Julianne
- 311-314 The Rice and Fall of Negro Economics: The Economic Thought of George Edmund Haynes
by Stewart, James B
- 315-317 Celestial Mechanics and the Location Theory of William H. Dean, Jr., 1930-52
by Ellison, Julian
- 318-322 Institutional Legacies and the Economic, Social, and Political Environment for Transition in Hungary and Poland
by Crane, Keith
- 323-328 Transformation Programs: Content and Sequencing
by Dhanji, Farid
- 329-333 Foreign Economic Liberalization in Hungary and Poland
by Marer, Paul
- 334-340 Derivation of "Rational" Economic Behavior from Hyperbolic Discount Curves
by Ainslie, George
- 341-346 Economic Analysis and the Psychology of Utility: Applications to Compensation Policy
by Kahneman, Daniel & Thaler, Richard H
- 347-352 Negative Time Preference
by Lowenstein, George & Prelec, Drazen
- 353-359 Designing Economic Agents that Act Like Human Agents: A Behavioral Approach to Bounded Rationality
by Arthur, W Brian
- 360-364 Experiments on Stable Suboptimality in Individual Behavior
by Herrnstein, R J
- 365-371 Artificial Adaptive Agents in Economic Theory
by Holland, John H & Miller, John H
March 1991, Volume 81, Issue 1
- 1-7 The Mathematization of Economic Theory
by Debreu, Gerard
- 8-38 An Econometric Analysis of U.K. Money Demand in 'Monetary Trends in the United States and the United Kingdom' by Milton Friedman and Anna Schwartz
by Hendry, David F & Ericsson, Neil R
- 39-49 Alternative Approaches to Analyzing Economic Data
by Friedman, Milton & Schwartz, Anna J
- 50-81 The Failure of Competition in the Credit Card Market
by Ausubel, Lawrence M
- 82-113 Externalities and Growth Accounting
by Benhabib, Jess & Jovanovic, Boyan
- 114-132 Research Productivity over the Life Cycle: Evidence for Academic Scientists
by Levin, Sharon G & Stephan, Paula E
- 133-152 Economic Effects of Federal Credit Programs
by Gale, William G
- 153-166 Optimal Public Good Provision with Limited Lump-Sum Taxation
by Wilson, John Douglas
- 167-178 Retrospective Capital Gains Taxation
by Auerbach, Alan J
- 179-190 Moral Hazard and Nonmarket Institutions: Dysfunctional Crowding Out or Peer Monitoring?
by Arnott, Richard & Stiglitz, Joseph E
- 191-209 A Theory of Inefficient Intrafirm Transactions
by Rotemberg, Julio J
- 210-223 Advertising in Competitive Markets
by Stegeman, Mark
- 224-239 High and Declining Prices Signal Product Quality
by Bagwell, Kyle & Riordan, Michael H
- 240-252 Striking for a Bargain between Two Completely Informed Agents
by Fernandez, Raquel & Glazer, Jacob
- 253-278 An Experimental Analysis of Strikes in Bargaining Games with One-Sided Private Information
by Forsythe, Robert & Kennan, John & Sopher, Barry
- 279-288 On the Sign of the Investment-Uncertainty Relationship
by Caballero, Ricardo J
- 289-296 Savings and Wealth in Models with Altruistic Bequests
by Lord, William & Rangazas, Peter
- 297-301 A New Estimate of the Welfare Loss of Excess Health Insurance
by Feldman, Roger & Dowd, Bryan
- 302-308 Reconciling Recent Estimates of the Marginal Welfare Cost of Taxation
by Fullerton, Don
- 309-318 Does Student Aid Affect College Enrollment? New Evidence on a Persistent Controversy
by McPherson, Michael S & Schapiro, Morton Owen
- 319-324 Are Workers Permanently Scarred by Job Displacements?
by Ruhm, Christopher J
- 325-334 Structural Determinants of Real Exchange Rates and National Price Levels: Some Empirical Evidence
by Bergstrand, Jeffrey H
- 335-346 The Winner's Curse: Experiments with Buyers and with Sellers
by Lind, Barry & Plott, Charles R
- 347-361 The Winner's Curse and Public Information in Common Value Auctions: Comment
by Hansen, Robert G & Lott, John R, Jr
- 362-369 The Winner's Curse and Public Information in Common Value Auctions: Reply
by Kagel, John H & Levin, Dan
- 370-375 Some Evidence on the Winner's Curse: Comment
by Levin, Dan & Smith, James L
- 376-377 Ski-Lift Pricing with Applications to Labor and Other Markets: Comment
by Cowen, Tyler & Glazer, Amihai
- 378-380 Ski-Lift Pricing, with Applications to Labor and Other Markets: Reply
by Barro, Robert J & Romer, Paul M
- 381-383 A Model of Housing Tenure Choice: Comment
by Fu, Yuming
- 384-384 Erratum [Cooperation, Harassment, and Involuntary Unemployment]
by Fehr, Ernst
December 1990, Volume 80, Issue 5
- 999-1021 Market Liquidity, Hedging, and Crashes
by Gennotte, Gerard & Leland, Hayne
- 1022-1041 Insider Trading in a Rational Expectations Economy
by Ausubel, Lawrence M
- 1042-1061 Optimal Bypass and Cream Skimming
by Laffont, Jean-Jacques & Tirole, Jean
- 1062-1076 Durable-Good Monopoly and Best-Price Provisions
by Butz, David A
- 1077-1091 A Schumpeterian Model of the Product Life Cycle
by Segerstrom, Paul S & Anant, T C A & Dinopoulos, Elias
- 1092-1104 Competition by Choice: The Effect of Consumer Search on Firm Location Decisions
by Dudey, Marc
- 1105-1124 To Innovate or Not to Innovate: Incentives and Innovation in Hierarchies
by Dearden, James & Ickes, Barry W & Samuelson, Larry
- 1125-1138 Intergenerational Income-Group Mobility and Differential Fertility
by Chu, C Y Cyrus & Koo, Hui-Wen
- 1139-1156 Productivity, Health, and Inequality in the Intrahousehold Distribution of Food in Low-Income Countries
by Pitt, Mark M & Rosenzweig, Mark R & Hassan, Md Nazmul
- 1157-1167 A Social Exchange Approach to Voluntary Cooperation
by Hollander, Heinz
- 1168-1182 The Economic Effects of Production Taxes in a Stochastic Growth Model
by Dotsey, Michael
- 1183-1200 Deposit Insurance, Risk, and Market Power in Banking
by Keeley, Michael C
- 1201-1216 Overdrafts and the Demand for Money
by Bar-Ilan, Avner
- 1217-1230 Tax Smoothing with Financial Instruments
by Bohn, Henning
- 1231-1237 Beneficial Concentration
by Daughety, Andrew F
- 1238-1245 Horizontal Mergers: The 50-Percent Benchmark
by Levin, Dan
- 1246-1253 Input Market Price Discrimination and the Choice of Technology
by DeGraba, Patrick
- 1254-1258 Direction of Price Changes in Third-Degree Price Discrimination
by Nahata, Babu & Ostaszewski, Krzysztof & Sahoo, P K
- 1259-1262 Third-Degree Price Discrimination and Output: Generalizing a Welfare Result
by Schwartz, Marius
- 1263-1270 The Measurement of International Trade Related to Multinational Companies
by Hipple, F Steb
- 1271-1275 The Indirect and Direct Substition Effects
by Ogaki, Masao
- 1276-1283 Auction Institutional Design: Theory and Behavior of Simultaneous Multiple-Unit Generalizations of the Dutch and English Auctions
by McCabe, Kevin A & Rassenti, Stephen J & Smith, Vernon L
- 1284-1286 Lifetime Earnings and the Vietnam Era Draft Lottery: Evidence from Social Security Administrative Records: Errata
by Angrist, Joshua D
- 1287-1287 On the Optimal Tax Base for Commodity Taxation: Errata
by Wilson, John Douglas
- 1288-1288 The Future of the Income Tax: Erratum
by Pechman, Joseph A
September 1990, Volume 80, Issue 4
- 651-668 The Origins of American Industrial Success, 1879-1940
by Wright, Gavin
- 669-688 Unexpected Inflation, Real Wages, and Employment Determination in Union Contracts
by Card, David
- 689-713 Long Swings in the Dollar: Are They in the Data and Do Markets Know It?
by Engel, Charles & Hamilton, James D
- 714-735 Testing the Rationality of Price Forecasts: New Evidence from Panel Data
by Keane, Michael P & Runkle, David E
- 736-762 Margin Requirements, Volatility, and the Transitory Components of Stock Prices
by Hardouvelis, Gikas A
- 763-778 Business Cycle Models with Endogenous Technology
by Stadler, George W
- 779-795 A Theory of Managed Trade
by Bagwell, Kyle & Staiger, Robert W
- 796-815 Comparative Advantage and Long-run Growth
by Grossman, Gene M & Helpman, Elhanan
- 816-827 The Fundamental Determinants of the Terms of Trade Reconsidered: Long-run and Long-period Equilibrium
by Darity, William A, Jr
- 828-836 The Case of the Vanishing Revenues: Auction Quotas with Monopoly
by Krishna, Kala