# Elsevier

# Economics Letters

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### 1990, Volume 33, Issue 4

**337-340 On the decomposition and normalization of interindustry linkages***by*Clements, Benedict J.**341-345 A note on the efficiency of the London metal exchange***by*Sephton, Peter S. & Cochrane, Donald K.**347-351 Temporary trade taxes, welfare and the current account***by*Lopez, Ramon & Panagariya, Arvind**353-357 Efficiency wages and currency devaluation***by*Lai, Ching-chong**359-362 How mobile is capital in developing countries?***by*Ul Haque, Nadeem & Montiel, Peter J.**363-367 Optional time-of-use pricing can be pareto superior or pareto inferior***by*Mackie-mason, Jeffrey K.**369-373 A new test of the price-concentration relationship in grocery retailing***by*Newmark, Craig M.**375-383 Regulatory policies in markets for delicate medical procedures***by*Krishnan, Murugappa & Roller, Lars-Hendrik**385-388 Imperfect information and wage flexibility***by*Bell, Linda A. & Gerlach, Stefan**389-394 Quits, layoffs and contracts on sharing investments in specific human capital***by*Lam, Kit-Chun & Liu, Pak-Wai**395-399 Multivariate exogeneity tests and poverty : Some evidence on the perception of poverty***by*Hayes, Kathy & Slottje, D. J. & Nieswiadomy, Michael

### 1990, Volume 33, Issue 3

**203-206 Equilibrium in abstract economies with a non-compact infinite dimensional strategy space, an infinite number of agents and without ordered preferences***by*Tian, Guoqiang**207-210 The welfare implications of collusive duopoly***by*Rees, Ray**211-215 The inverse problem of asset price under non-expected utility***by*Wang, Susheng**217-222 A refinement and extension of the no-envy concept***by*Diamantaras, Dimitrios & Thomson, William**223-227 Principals and agents : Does the assignment of information matter?***by*Nelson, Julianne**229-232 On the regulation of procurement bids***by*Sinclair-Desgagne, Bernard**233-238 On debt neutrality in life-cycle models***by*Lopez-Garcia, Miguel-Angel**239-244 Ordinal probit model with random bounds***by*Bolduc, Denis & Poole, Erik**245-248 Quality, measurement errors, and profit function estimation : Using a clustered sample***by*Conlon, John R.**249-254 A Monte Carlo comparison of system Tobit estimators***by*Flood, Lennart R. & Tasiran, Ali C.**255-258 Bartlett's correction and the bootstrap in normal linear regression models***by*Rayner, Robert K.**259-263 Leader and maximum independence for a class of discrete choice models***by*Resnick, Sidney I. & Roy, Rishin**265-269 The solution of time-varying linear rational expectations models and the role of terminal conditions***by*Blake, A. P.**271-275 On the impact of government spending on consumption patterns : Some exploratory results***by*Katsaitis, O. & Angastiniotis, M.**277-281 Price and quantity elasticities in U.S. foreign trade***by*Kohli, Ulrich**283-286 The divergence of SIC industries from antitrust markets : Indications from Justice Department merger cases***by*Pittman, Russell W. & Werden, Gregory J.**287-292 Optional two-part tariffs constrained by price caps***by*Vogelsang, Ingo**293-298 On a non-cooperative theory of technology transfer***by*Marjit, Sugata

### 1990, Volume 33, Issue 2

**101-108 Marshallian stability and long-run equilibrium in the theory of international trade with factor market distortions and variable returns to scale***by*Ide, Toyonari & Takayama, Akira**109-114 Transitory consumption, durability and different approaches to test the life cycle model***by*Kugler, Peter**115-119 Bargaining without convexity : Generalizing the Kalai-Smorodinsky solution***by*Anant, T. C. A. & Mukherji, Badal & Basu, Kaushik**121-125 The relative profitability of Nash bargaining on the labour demand curve or the contract curve***by*Dowrick, Steve**127-131 Preference functionals with prize-dependent distortion of probabilities***by*Puppe, Clemens**133-140 An improved rate for non-negative definite consistent covariance matrix estimation with heterogeneous dependent data***by*Quah, Danny**141-145 The computation of test statistics for multivariate regression models in event studies***by*Seaks, Terry G.**147-151 Equivalence properties of the Hausman statistic based on a generalized inverse***by*Thursby, Jerry G. & Dezhbakhsh, Hashem**153-157 Strategic aspects of exchange rate policy in a developing country***by*Asikoglu, Yaman & Uctum, Merih**159-164 Asset price volatility and information structures***by*Attanasio, Orazio P.**165-170 Testing for covariance stationarity in stock market data***by*Pagan, Adrian R. & Schwert, G. William**171-173 On the variance of stock price distributions***by*Braglia, Marcello**175-178 An information based model of industrial exit***by*Hudson, John**179-183 Race and employment in the federal sector***by*Heywood, John S. & Mohanty, Madhu S.**185-191 Externalities in migration***by*Darvish-Lecker, Tikva**193-196 On the optimality of equal class sizes***by*Lippman, Steven A.**197-201 Signalized intersection queuing theory and central business district auto congestion***by*Arnott, Richard

### 1990, Volume 33, Issue 1

**1-4 Durable good monopoly with one-hoss-shay depreciation***by*Kim, Jae-Cheol**5-9 Vertical product differentiation can imply the Friedman-Savage utility function***by*Myles, Gareth D.**11-16 On the economics of nonmarket transfers : The role of altruism***by*Stark, Oded**17-20 On the meta-strategic inconsistency of a Paretian liberal***by*Gekker, Ruvin**21-27 A further test of a simple economic explanation for the existence and nature of political ticket splitting***by*Zupan, Mark A.**29-33 Egalitarian solutions and uncertain disagreement points***by*Chun, Youngsub & Thomson, William**35-40 Equilibrium bid functions for auctions with an uncertain number of bidders***by*Harstad, Ronald M. & Kagel, John H. & Levin, Dan**41-45 Aggregate output, capital, and labor in the post-war U.S. economy***by*Levy, Daniel**47-53 Inflation and relative price variability : The case of internationally traded primary commodities***by*Kaparakis, Emmanuel I. & Katsimbris, George M. & Miller, Stephen M.**55-61 Small sample properties of the multiple rank F-test with lagged dependent variables***by*Holmes, James M. & A. Hutton, Patricia**63-68 A simple approach to the identifiability of the proportional hazards model***by*Melino, Angelo & Sueyoshi, Glenn T.**69-73 A diagnostic check for model specification : An application to the yen-dollar exchange rate***by*Neftci, Salih N. & McNelis, Paul D. & Harrison, Michael J.**75-78 A specification test for models estimated by the Cragg estimator***by*Sadorsky, P. A.**79-81 Unifying Chow's demand for money via the multiple Cox test***by*Smith, Marlene A. & Smyth, David J.**83-86 Discouraged applicants for consumer credit: Empirical evidence and implications for public policy***by*Hawley, Clifford B. & Fujii, Edwin T.**87-93 Tariff-induced capital inflow and welfare under variable returns to scale***by*Yabuuchi, Shigemi**95-100 The influence of income on international capital movements : Some preliminary Australian evidence***by*Fausten, D. K.

### 1990, Volume 32, Issue 4

**307-311 A model of electroral competition with interest groups***by*Coughlin, Peter J. & Mueller, Dennis C. & Murrell, Peter**313-317 Induced global risk preference***by*Fabella, Raul V.**319-323 The unprofitability of mixed-strategy equilibria in two-person games : A second folk-theorem***by*Holler, Manfred J.**325-330 Measurement methods for technological change embodied in inputs***by*Jang, Show-Ling & Norsworthy, J. R.**331-333 Financing decisions and the 'crowding out' effect : The case of the Philippines***by*Gochoco, Maria S.**335-338 How should ignorance of response to incentives affect tax rates?***by*Stern, Nicholas**339-344 Purchasing power parity : Another look at the long-run data***by*Kim, Yoonbai**345-352 Hypothesis testing with the sharpe and Treynor portfolio : Performance measures given non-synchronous trading***by*Kryzanowski, Lawrence & Sim, Ah Boon**353-357 Learning-by-doing and the emergence of monopoly : A note***by*Agliardi, Elettra**359-363 Abatement vs. cleanup : Where less is more***by*Shaffer, Sherrill**365-369 The equilibrium effort-wage elasticity in efficiency-wage models***by*Schmidt-Sorensen, Jan Beyer**371-376 The effects of benefits and duration dependence on re-employment probabilities***by*Groot, Wim**377-382 Literacy skills and the wages of young black and white males in the U.S***by*Rivera-Batiz, Francisco L.**383-387 Okun's ladder reexamined***by*Rose, Andrew K.**389-392 Wage rounds : A signalling interpretation***by*Chappell, David & Sampson, Anthony A.**393-398 Plant size and the decline of unionism***by*Even, William E. & Macpherson, David A.**399-403 Union effects on wage dispersion in Canadian industry***by*Meng, Ronald**405-409 The union-nonunion wage differential and monitoring costs***by*Vroman, S. B.

### 1990, Volume 32, Issue 3

**199-204 Consistent linkages across markets***by*Shaffer, Sherrill**205-210 Staggered price setting with endogenous frequency of adjustment***by*Romer, David**211-215 Decision weights and the normal form axiom***by*Maxwell, Christopher**217-220 The incidence and duration of unemployment : Some long-term comparisons***by*Margo, Robert A.**221-224 Manufacturing output and labor productivity : Further evidence for the United States***by*Mohammadi, Hassan & Ram, Rati**225-230 Lindley-like mean correction in the improved estimation of regression models with non-scalar covariance matrix***by*Chaturvedi, A. & Shukla, Govind**231-235 Missing measurements in discrete response models***by*Lien, Donald & Rearden, David**237-241 The consequences of misspecification in time series processes***by*Zinde-Walsh, Victoria**243-246 An exact test for linear restrictions in seemingly unrelated regressions with the same regressors***by*Hashimoto, Noriko & Ohtani, Kazuhiro**247-250 Relative-price variability in the United States : A decomposition analysis***by*Ram, Rati**251-255 Friedman's velocity hypothesis : Some evidence for France***by*Bordes, Christian**257-260 A simple production model in trade and its applications***by*Marjit, Sugata**261-265 Are efficient contracts on the labour demand curve? : A note***by*Brunello, Giorgio**267-272 Age-related minimum wages and hysteresis in unemployment***by*Graafland, J. J. & Huizinga, F.**273-275 The discretely time-varying risk premium on the AUD***by*Buchanan, Michael J. & Felmingham, Bruce S.**277-281 What have we learned since hotelling's letter? : A meta-analysis***by*Smith, V. Kerry & Kaoru, Yoshiaki**283-287 Duopoly equilibria when firms can change their decision once***by*Basu, Kaushik**289-294 Firm size and R&D effectiveness : A value-based test***by*Connolly, Robert A. & Hirschey, Mark**295-298 Lay-offs by seniority and equilibrium employment***by*Layard, R.**299-305 Efficient union labour contracts under seniority employment rules***by*A. Sampson, Anthony

### 1990, Volume 32, Issue 2

**109-110 A limit theorem on the core : Addendum***by*McKenzie, Lionel**111-114 Elasticity of substitution in a regulated firm***by*Blackorby, Charles & Robert Russell, R.**115-119 On the possibility of price wars when firms use a 'Tit-for-tat' strategy***by*Dobson, Paul W. & Donald Sinclair, C.**121-125 Multi-choice problems and the essential order among decision rules***by*Paroush, Jacob**127-132 Exports and Japanese economic development***by*Grabowski, Richard & Sharma, Subhash C. & Dhakal, Dharmendra**133-135 Money growth and inflation dynamics***by*Gerlach, Stefan**137-140 How much better is disaggregate data?***by*Binkley, James K. & Nelson, Carl H.**141-145 Input substitution and technical change in U.S. high tech industries***by*Diwan, Romesh & Chakraborty, Chandana**147-152 Relative trading volume, risk measures and other firm characteristics during the market crash***by*Ben-Zion, Uri & Gutman, Eyal & Egbe, Emanuel & Brahams, Steven**153-156 A resolution of the equity premium puzzle***by*Chang Mo Ahn**157-161 The impact of mortgage activity on recent demand deposit growth***by*Duca, John V.**163-167 The long-run effects of alternative monetary policies under two-tier exchange rates***by*Lai, Ching-Chong & Chang, Wen-Ya**169-173 Estimating the impact of government R&D***by*Levy, David M.**175-180 On the determination of nominal wage dispersion***by*Blejer, Mario I.**181-185 The case of risk premia for risky jobs revisited***by*Lanoie, Paul**187-192 Multidimensional inequality comparisons : On aggravation and mitigation of inequalities***by*Rietveld, Piet**193-197 Using grouped data for constructing inequality indices : Parametric vs. non-parametric methods***by*Slottje, Daniel J.

### 1990, Volume 32, Issue 1

**1-5 Non-market reopening, time-consistent plans and the structure of intertemporal preferences***by*Haller, Hans**7-12 Inflation, terms of trade, and debt capacity***by*Jain, Arvind K.**13-17 Phantom bidding against heterogeneous bidders***by*Graham, Daniel A. & Marshall, Robert C. & Richard, Jean-Francois**19-24 Orthogonality tests with de-trended data : Interpreting Monte-Carlo results using Nagar expansions***by*Banerjee, Anindya & Dolado, Juan & Galbraith, John W.**25-34 Small sample properties of simultaneous error components models***by*Matyas, Laszlo & Lovrics, Laszlo**35-41 Weighted least squares estimation of the linear probability model, revisited***by*Mullahy, John**43-48 A gradual switching regression model with a flexible transition path***by*Ohtani, Kazuhiro & Kakimoto, Sumio & Abe, Kenzo**49-51 Forward rate biases and inconsistencies with tax-modified fisher conditions***by*McClure, J. Harold**53-59 Cointegration-based tests of daily foreign exchange market efficiency***by*Coleman, Mark**61-65 An evaluation of survey exchange rate forecasts***by*Lai, Kon S.**67-73 Predicting the quantity of LDC debt rescheduling***by*Lloyd-Ellis, H. & McKenzie, G. W. & Thomas, S. H.**75-79 Market structure, union rent seeking, and firm profitability***by*Hirsch, Barry T.**81-84 A partial characterization of a history-dependent, subgame-perfect equilibrium : The case of an exhaustible resource duopoly***by*Cairns, Robert D. & Moreaux, Michel**85-89 Employer seniority discrimination : Evidence from enterpreneurial occupational choice***by*Tucker, Irvin III**91-96 Non-nested tests of efficient bargain and labour demand models***by*Christofides, Louis N.**97-100 An empirical analysis of self-employment in the Netherlands***by*De Wit, Gerrit & Van Winden, Frans A. A. M.**101-104 Application of the 'Oaxaca decomposition' to probit estimates : The case of unions and fringe benefit provision***by*Belman, Dale & Heywood, John S.

### 1989, Volume 31, Issue 4

**299-301 On the stability properties of the long-run stationary equilibrium in macro-dynamic models under perfect foresight and static expectations***by*Ohyama, Michihiro**303-306 The discrete bid first auction***by*Chwe, Michael Suk-Young**307-312 A note on asymptotical strategy-proofness***by*Fristrup, Peter & Kleiding, Hans**313-317 Bounded price variation models with rational expectations and price risk***by*Holt, Matthew T.**319-323 Fairness in bargaining requires a context : An experimental examination of loyalty***by*Shogren, Jason F.**325-329 Income taxation and endogenous growth***by*Mino, Kazuo**331-335 Sectoral change, catching up and slowing down : OECD post-war economic growth revisited***by*Dowrick, Steve**337-341 A note on the Anderson-Hsiao estimator for panel data***by*Arellano, Manuel**343-347 Some results on the finite sample significance levels of instrumental variable tests for non-nested models***by*Burke, S. P. & Godfrey, L. G.**349-354 Model comparison when the endogenous variable is uncertain : An application of non-nested testing procedures***by*Green, Christopher J.**355-357 Extended tabulations for Dickey-Fuller tests***by*Guilkey, David K. & Schmidt, Peter**359-362 On testing for revealed preference conditions***by*Tsur, Yacov**363-366 System estimation of generalized working models : A semiparametric approach***by*Van Hoa, Tran**367-370 The sample spectrum of time series with trading day variation***by*McNulty, Mark S. & Huffman, Wallace E.**371-374 The asymmetric prime : An empirical note***by*Forbes, Shawn M. & Mayne, Lucille S.**375-380 Some empirical evidence on government purchase multipliers***by*Garcia-Mila, Teresa**381-386 Tariff burdens and optimal tariffs under alternative transport cost and market structures***by*Krutilla, Kerry**387-391 Empirical evidence on the properties of exchange rate forecasts and the risk premium***by*Peel, D. A. & Pope, P. F.**393-397 Dollar currency in Latin America : A Bolivian application***by*Melvin, Michael & de la Parra, Gonzalo Afcha**399-402 Small firms in U.S. manufacturing : A first report***by*Acs, Zoltan J. & Audretsch, David B.**403-406 The effect of migration on black incomes : Evidence from the 1940 census***by*Margo, Robert A.**407-410 Equivalence scales : A household production approach***by*Van Hoa, Tran & Ironmonger, D. S.

### 1989, Volume 31, Issue 3

**211-214 A globally concave, symmetric, flexible cost function***by*Lewbel, Arthur**215-219 Advertising and consumer demand: a differential approach***by*Selvanathan, E. Antony**221-224 Profit-sharing in cournot oligopoly***by*Stewart, Geoff**225-230 Solution and estimation of a bivariate interdependent adjustment cost model***by*Kasa, Kenneth**231-233 Structural change and unit root econometrics***by*Reichlin, Lucrezia**235-238 Rules of thumb for comparing multinomial logit and multinomial probit coefficients***by*Stern, Steven**239-243 A computationally simple heteroskedasticity and serial correlation robust standard error for the linear regression model***by*Wooldridge, Jeffrey M.**245-249 Incorporating contemporaneous residual relationships for security prices***by*Jalilvand, Abolhassan & Kryzanowski, Lawrence**251-256 The information in the term structure of eurodollar interest rates***by*Krol, Robert**263-267 Co-integration tests for long run equilibrium in the monetary exchange rate model***by*McNown, Robert & Wallace, Myles**269-272 Dividend policy and tax structure***by*Lim, Kian-Guan**273-276 Viability in multiproduct industries***by*Mester, Loretta J.**277-280 Technological diffusion, vertical product differentiation and quality improvement***by*Stoneman, P.**281-286 Smoke detector effectiveness and the value of saving a life***by*Garbacz, Christopher**287-291 Subjective versus technical risk estimates: do risk communication policies increase consistency?***by*Kerry Smith, V. & Desvousges, William H.**293-298 Evidence on the fit of the log-linear income model versus a general statistical specification***by*Diamond, Charles A. & Simon, Curtis J. & Warner, John T.

### 1989, Volume 31, Issue 2

**113-117 Binary choice probabilities and rankings***by*Fishburn, Peter C. & Falmagne, Jean-Claude**119-123 Modelling technical and allocative inefficiency in a translog production function***by*Kumbhakar, Subal C.**125-128 Effect of time preferences on indexation***by*Bar-Ilan, Avner**129-132 Firm-specific training in an incentive-compatible contract***by*Cothren, Richard**133-137 The expected stop-out price in a discriminating auction***by*Spindt, Paul A. & Stolz, Richard W.**139-143 Symmetric paths and evolution to equilibrium in the discounted prisoners' dilemma***by*Stanford, William**145-149 The Kalman filter model under the assumption of the first-order autoregressive process in the disturbance terms***by*Tanizaki, Hisashi**151-154 Optimal inflation and the government revenue mix***by*Yashiv, Eran**155-158 North American money surprises and financial market reactions: : An empirical note***by*Deaves, Richard**159-162 Should a factor-market distortion be widened?***by*Hayashibara, Masayuki & Jones, Ronald W.**163-167 Optimal commercial policy for an open economy with domestic distortions***by*Chang, Winston W. & Michael, Michael S.**169-171 Tariffs, employment and wage bargaining***by*Yip, Chong K.**173-177 Using country balance sheet data to predict debt rescheduling***by*Lloyd-Ellis, H. & Mckenzie, G. W. & Thomas, S. H.**179-182 The extended linear expenditure system with financial assets***by*Adams, Philip D.**183-187 Structuring an option to facilitate replication with transaction costs***by*Shaffer, Sherrill**189-192 Guaranteed lowest prices: do they facilitate collusion?***by*Logan, John W. & Lutter, Randall W.**193-198 More on the properties of a tax cum subsidy pollution control strategy***by*Yohe, Gary W.**199-204 Market structure and inter-industry wage differences : The case of Taiwan***by*Lai, Cheng-chung**205-209 Updating estimates of union non-union wage differentials in the United States***by*Ashraf, Javed

### 1989, Volume 31, Issue 1

**1-4 Rational performance and gibbard's pareto-consistent libertarian claim***by*Nagahisa, Ryo-ichi**5-7 The kalai/smorodinsky solution with time preferences***by*Anbarci, Nejat**9-12 Bayesian estimator of the linear regression model with an interval constraint on coefficients***by*Hasegawa, Hikaru**13-20 Estimation of multiplicative measurement-error models and some simulation results***by*Lin, An-loh**21-26 Semiparametric estimation and efficiency bounds of binary choice models when the models contain one continuous variable***by*Nawata, Kazumitsu**27-30 Comparative properties of sums of independent binomials with different parameters***by*Sah, Raaj Kumar**31-35 Testing non-linearities in world stock market prices***by*De Gooijer, Jan G.**37-41 On complete securities markets and the martingale property of securities prices***by*Muller, Sigrid M.