Acquisitions - January-December 2003

     UNIVERSITY OF ALBERTA.  Department of Economics.                   

     2003-1 Tamaschke, R., Docwra, G. & Stillman, R.  Measuring market  
            power in electricity generation: a long-term perspective    
            using a programming model.  39p.                            

     ATHENS UNIVERSITY OF ECONOMICS & BUSINESS.  Dept. of Economics.    

     147    Economides, George & Miaolui, Natasha.  Economic growth and 
            environmental policy with federal redistributive transfers. 
            26p.                                                        
     149    Dimelis, Sophia & Louri, Helen.  Foreign direct investment  
            and technology spillovers: which firms really benefit?     
            26p.                                                        
     148    Episcopos, Athanasios.  The pricing of multiple options with
            default risk.  15p.                                         
     151    Mitsopoulos, George P. & Magdalinos, Michael A.  A modified 
            least squares estimator in estimating generated regressor   
            models.  21p.                                               
     150    Mitsopoulos, George P. & Magdalinos, Michael A.  Pearson    
            estimators in regression analysis.  22p.                    
     153    Kumbhakar, Subal C. & Tsionas, Efthymios G.  Bayesian       
            analysis of input-oriented technical efficiency.  25p.      
     152    Kumbhakar, Subal C. & Tsionas, Efthmios G.  Measuring       
            technical and allocative ineffiency in the translog cost    
            system: a Bayesian approach.  35p.                          

     BANCO DE ESPANA.  Servicio de Estudios.                            

     200222 Desmet, Klaus.  Asymmetric shocks, risk sharing, and the    
            latter Mundell.  34p.                                       
     200221 Hoeberichts, Marco.  The credibility of central bank        
            announcements.  21p.                                        
     200224 Ayuso, Juan, Perez, Daniel & Saurina, Jesus.  Are capital   
            buffers pro-cyclical?  Evidence from Spanish panel data.    
            26p.                                                        
     200225 Benito, Andrew.  Does job insecurity affect household       
            consumption?  43p.                                         
     200227 Benito, Andrew & Hernando, Ignacio.  Extricate: financial   
            pressure and firm behaviour in Spain.  33p.                 
     200226 Benito, Andrew.  Financial pressure, monetary policy effects
            and inventory adjustment by U.K. and Spanish firms.  38p.   
     200223 Campa, Jose M. & Hernando, Ignacio.  Value creation in      
            European mergers and acquisitions.  39p.                    
     200229 Perez-Quiros, Gabriel & Sicilia, Jorge.  Is the European    
            Central Bank (and the United States Federal Reserve)        
            predictable?  60p.                                         

     BANK OF JAPAN.  Institute for Monetary & Economic Studies.         

     200219 Fukuhara, Masahiro & Saruwatari, Yasufumi.  An analysis of  
            contagion in emerging currency markets using multivariate   
            extreme value theory.  22p.                                 
     200222 Kimura, Takeshi, et al.  The effect of the increase in      
            monetary base on Japan's economy at zero interest rates: an 
            empirical analysis.  53p.                                   
     200220 Kitamura, Tomiyuki & Koike, Ryoji.  The effectiveness of    
            forecasting methods using multiple information variables.   
            45p.                                                        
     200221 Nishiyama, Shinichi.  The cross-Euler equation approach to  
            intertemporal substitution in import demand.  44p.          

     BANK OF CANADA.  Technical Reports.                                

     92     Cote, Denise, et al.  The performance and robustness of     
            simple monetary policy rules in models of the Canadian      
            economy.  27p.                                              

     UNIVERSITY OF COPENHAGEN.  Centre for Industrial Economics.        

     2002-4 Bogetoft, Peter & Nielsen, Kurt.  DEA based yardstick       
            competition in natural resource management.  29p.           
     2002-5 Bogetoft, Peter & Olesen, Henrik B.  Influence costs in     
            heterogeneous cooperatives: a formal model of sales         
            distortion.  15p.                                           
     200210 Dilling-Hansen, Mogens, Madsen, Erik S. & Smith, Valdemar.  
            Does the new economy create higher productivity?  10p.     
     2002-3 Haller, Hans & Chakrabarti, Subhadip.  An analysis of       
            advertising wars.  31p.                                     
     2002-7 Hansen, Jorgen D., Jensen, Camilla & Madsen, Erik S.  THe   
            establishment of the Dnaish windmill industry: was it       
            worthwhile?  36p.                                          
     2002-6 la Cour, Lisbeth F. & Mollgaard, H. Peter.  Meaningful and  
            measurable market domination.  7p.                          
     200211 Lorentzen, Jochen & Mollgaard, Peter.  Competition          
            compliace: limits to competition policy harmonisation in EU 
            enlargement.  14p.                                          
     2002-8 Madsen, Erik S., Smith, Valdemar & Dilling-Hansen, Mogens.  
            Are ownership structures risk- and wealth-contrained?  15p.
     200212 Mollgaard, Peter & Lorentzen, Jochen.  Exclusive safeguards 
            and technology transfer: subcontracting agreements in       
            Eastern Europe's car component industry.  32p.              
     2002-9 Smith, Valdemar, Madsen, Erik S. & Dilling-Hansen, Mogens.  
            Do R & D investments affect export performance?  16p.      

     COWLES FOUNDATION FOR RESEARCH IN ECONOMICS AT YALE UNIVERSITY.    

     1384   Andrews, Donald W.K. & Sun, Yixiao.  Adaptive local         
            polynomial Whittle estimation of long-range dependence.     
            48p.                                                        
     1389   Dubey, Pradeep & Geanakoplos, John.  Monetary equilibrium   
            with missing markets.  36p.                                 
     1388   Fair, Ray C.  Testing for a new economy in the 1990s.  26p. 
     1386   Jung, Jeeman & Shiller, Robert J.  One simple test of       
            Samuelson's dictum for the stock market.  17p.              
     1387   Nordhaus, William D.  The economic consequences of a war    
            with Iraq.  50p.                                            

     FEDERAL RESERVE BANK OF DALLAS.  Research Department.              

     2002-6 Wynne, Mark A. & Rodrigueez-Palenzuela, Diego.  Measurement 
            bias in the HICP: what do we know and what do we need to    
            know?  49p.                                                

     FEDERAL RESERVE BANK OF MINNEAPOLIS.  Research Department.         

     314    De Nardi, Mariacristina.  Wealth inequality and             
            intergenerational links.  43p.                              
     313    McGrattan, Ellen R. & Prescott, Edward C.  Average debt and 
            equity returns: puzzling?  13p.                            
     315    McGrattan, Ellen R. & Ohanian, Lee E.  Does neoclassical    
            theory account for the effects of big fiscal shocks?        
            Evidence from World War II.  42p.                           
     316    Chari, V.V. & Kehoe, Patrick J.  Financial crises as herds: 
            overturning the critiques.  32p.                            
     317    Jones, Larry E., Manuelli, Rodolfo E. & McGrattan, Ellen R. 
            Why are married women working so much?  50p.               
     319    Albanesi, Stefania, Chari, V.V & Christiano, Lawrence J.    
            Expectation traps and monetary policy.  62p.                
     320    Kehoe, Timothy J.  An evaluation of the performance of      
            applied general equilibrium models of the impact of NAFTA.  
            55p.                                                        
     318    Kehoe, Timothy J.  What can we learn from the current crisis
            in Argentina?  45p.                                        
     322    Cagetti, Marco & De Nardi, Mariacristina.  Entrepreneurship,
            frictions, and wealth.  40p.                                
     324    Kehoe, Timothy J. & Ruhl, Kim J.  How important is the new  
            goods margin in international trade?  23p.                 
     325    Holmes, Thomas J. & Mitchell, Matthew F.  A theory of factor
            allocation and plant size.  48p.                            
     309r   McGrattan, Ellen R. & Prescott, Edward C.  Taxes,           
            regulations, and the value of U.S. and U.K. corporations.   
            45p.                                                        
     328    Chari, V.V., Kehoe, Patrick J. & McGrattan, Ellen R.        
            Business cycle accounting.  60p.                            
     329    Khan, Aubhik & Thomas, Julia K.  Inventories and the        
            business cycle: an equlibrium analysis of (S,s) policies.   
            46p.                                                        
     327    King, Robert G. & Thomas, Julia K.  Partial adjustment      
            without apology.  37p.                                      
     323    Phelan, Christopher.  Opportunity and social mobility.  32p.
     321    Prescott, Edward C.  Why do Americans work so much more than
            Europeans?  27p.                                           
     326    Athey, Susan, Atkeson, Andrew & Kehoe, Patrick J.  The      
            optimal degree of discretion in monetary policy.  50p.      
     330    Chari, V.V. & Kehoe, Patrick J.  On the desirability of     
            fiscal constraints in a monetary union.  14p.               

     FED RESERVE BANK OF MPLS-UNIV OF MINN.  Inst. for Empirical Macro. 

     140r   Albanesi, Stefania & Sleet, Christopher.  Dynamic optimal   
            taxation with private information.  49p.                    
     141    Rossi-Hansberg, Esteban & Wright, Mark L.J.  Urban structure
            and growth.  50p.                                           

     FEDERAL RESERVE BANK OF PHILADELPHIA.  Economic Research Division. 

     200222 Berlin, Mitchell & Butler, Alexander.  Collateral and       
            competition.  40p.                                          
     200221 Hunt, Robert M.  The development and regulation of consumer 
            credit reporting in America.  32p.                          
     200220 Khan, Aubhik & Thomas, Julia K.  Inventories and the        
            business cycle: an equilibrium analysis of (S,s) policies.  
            38p.                                                        
     200219 Khan, Aubhik, King, Robert & Wolman, Alexander L.  Optimal  
            monetary policy.  53p.                                      
     200218 Scherer, F.M.  Technology flows matrix estimation revisited.
             42p.                                                       

     FEDERAL RESERVE BOARD.  Finance & Economics Discussion Series.     

     200252 Adams, Robert M., Roller, Lars-Hendrik & Sickles, Robin C.  
            Market power in outputs and inputs: an empirical application
            to banking.  28p.                                           
     200257 Adams, Robert M., Bauer, Paul W. & Sickles, Robin C.  Scale 
            economies, scope economies, and technical change in Federal 
            Reserve payment processing.  25p.                           
     200254 Berger, Allen N. & Bonaccorsi di Patti, Emilia.  Capital    
            structure and firm performance: a new approach to testing   
            agency theory and an application to the banking i.  37p.    
     200258 Dick, Astrid A.  Demand estimation and consumer welfare in  
            the banking industry.  54p.                                 
     200251 Edge, Rochelle M. & Rudd, Jeremy B.  Taxation and the Taylor
            principle.  36p.                                            
     200255 Gordy, Michael B.  A risk-factor model of foundation for    
            ratings-based bank capital rules.  34p.                     
     200259 Knight, Brian.  State capital taxes and the location of     
            investment: empirical lessons from theoretical models of tax
            competition.  20p.                                          
     200253 Rudd, Jeremy & Whelan, Karl.  A note on the cointegration of
            consumption, income, and wealth.  18p.                      
     200256 Sack, Brian.  Extracting the expected path of monetary      
            policy from futures rates.  33p.                            
     200260 Pilloff, Steven J.  What's happened to divested bank        
            offices?  An empirical analysis of antitrust divestitures in
            bank mergers.  29p.                                         

     FEDERAL RESERVE BOARD.  International Finance Papers.              

     747    Bacchetta, Philippe & van Wincoop, Eric.  A theory of the   
            currency denomination of international trade.  42p.         
     749    Benigno, Pierpaolo & Lopez-Salido, J. David.  Inflation     
            persistence and optimal monetary policy in the euro area.   
            35p.                                                        
     743    Bowman, David.  Sticky prices, no menu costs.  28p.         
     745    Coenen, Gunter & Wieland, Volker.  Inflation dynamics and   
            international linkages: a model of the United States, the   
            euro area, and Japan.  38p.                                 
     746    Duarte, Margarida & Wolman, Alexander L.  Regional inflation
            in a currency union: fiscal policy vs. fundamentals.  35p.  
     748    Erceg, Christopher J. & Levin, Andrew T.  Optimal monetary  
            policy with durable and non-durable goods.  31p.            
     750    Gilchrist, Simon, Hairault, Jean-Oliver & Kempf, Hubert.    
            Monetary policy and the financial accelerator in a monetary 
            union.  37p.                                                
     742    Marquez, Jamie.  Productivity, investment, and current      
            accounts: reassessing the evidence.  27p.                   
     741    Natalucci, Fabio M. & Ravenna, Federico.  The road to       
            adopting the euro: monetary policy and exchange rate regimes
            in EU candidate countries.  45p.                            
     751    Sutherland, Alan.  International monetary policy            
            coordination and financial market integration.  35p.        

     HITOTSUBASHI UNIVERSITY.  Institute for Economic Research.         

     431    Fukao, Kyoji, Okubo, Toshihiro & Stern, Robert M.  An       
            econometric analysis of trade diversion under NAFTA.  29p.  
     430    Gotoh, Reiko, Suzumura, Kotaro & Yoshihara, Naoki.          
            Existence of social ordering functions which embody         
            procedural values and consequential values.  42p.           

     INSTITUT NATIONAL DE LA STATISTIQUE ET DES ETUDES ECONOMIQUES.     

     200246 Bec, Frederique, Guay, Alain & Guerre, Emmanuel.  Adaptive  
            consistent unit root tests based on an autoregressive       
            threshold model.  39p.                                      
     200239 Bertail, Patrice & Lo, Albert Y.  On Johnson's asymptotic   
            expansion for a posterior distribution.  6p.                
     200240 Bertail, Patrice, et al.  A subsampling approach to         
            estimating the distribution of diverging statistics with    
            applications to assessing financ.  38p.                     
     200242 Chiaporri, Pierre-Andre, et al.  Asymmetric information in  
            insurance: general testable implications.  24p.             
     200244 Chopin, Nicolas.  Central limit theorems for sequential     
            Monte Carlo methods and its applications to Bayesian        
            inference.  23p.                                            
     200237 Crozet, Matthieu & Koenig-Soubeyran, Pamina.  Trade         
            liberalization and the internal geography of countries.     
            18p.                                                        
     200219 Deaton, Angus & Laroque, Guy.  A model of commodity prices  
            after Sir Arthur Lewis.  33p.                               
     200235 Fall, Madior & Magnac, Thierry.  How valuable is on-farm    
            work to farmers?  28p.                                     
     200220 Gagliardini, Patrick & Gourieroux, Christian.  Constrained  
            nonparametric copulas.  84p.                                
     200221 Gagliardini, Patrick & Gourieroux, Christian.  Duration time
            series models with proportional hazard.  64p.               
     200233 Gajdos, Thibault, Tallon, Jean-Marc & Vergnaud,             
            Jean-Christophe.  Decision making with imprecise            
            probabilistic information.  36p.                            
     200232 Gajdos, Thibault & Maurin, Eric.  Unequal uncertainties and 
            uncertain inequalities: an axiomatic approach.  20p.        
     200243 Joutard, Cyrille.  Sharp large deviations in nonparametric  
            estimation.  22p.                                           
     200238 Kramarz, Francis & Michaud, Marie-Laure.  The shape of      
            hiring and separation costs.  32p.                          
     200236 Lardjane, Salim.  Nonparametric density and regression      
            estimation for nonmixing stochastic processes.  18p.        
     200234 Lassere, Guillaume.  Partial asymmetric information and     
            equilibrium in a continuous time model.  22p.               
     200245 Lesnard, Laurent.  The work arrangements of French          
            dual-earner couples in the 80s and 90s.  32p.               
     200248 L'Haridon, Olivier & Malherbert, Franck.  Unemployment      
            compensation finance and aggregate employment fluctuations. 
            34p.                                                        
     200258 Bowlus, Audra J. & Robin, Jean-Marc.  Twenty years of rising
            inequality in U.S. lifetime labor income values.  50p.      
     200256 Carre, Martine & Drouot, David.  Rhythm versus nature of    
            technological change.  22p.                                 
     200230 Dumans, Marie-Elise.  Competition between online retailers  
            and traditional shops.  19p.                                
     200224 Fevrier, Philippe & Linnemer, Laurent.  Strengths of the    
            "weakest link"?  44p.                                      
     200257 Gobillon, Laurent, Selod, Harris & Zenou, Yves.  Spatial    
            mismatch: from the hypothesis of the theories.  38p.        
     200260 Margolis, David & Simonnet, Veronique.  Educational track,  
            networks and labor market outcomes.  38p.                   
     200259 Postel-Vinay, Fabien & Robin, Jean-Marc.  To match or not to
            match?  Optimal wage policy with endogenous worker search   
            intensity.  40p.                                            
     200252 Rousseau, Judith & Skovgaard, I.M.  On the error rate for   
            asymptotic chi-squared distributions in the lattice case.   
            10p.                                                        
     200228 Gobillon, Laurent & Le Blanc, David.  The impact of         
            borrowing constraints on mobility and tenure choice.  72p.  
     200229 Buchinsky, Moshe, et al.  Interfirm mobility, wages, and the
            returns to seniority and experience in the U.S.  60p.       
     200247 Ferrando Yanez, Jorge A.  Incentive regulation in vertically
            realted industries: welfare effects of industry structure   
            and institutional coor.  80p.                               
     200249 Gourieroux, Christian, Monfort, Alain & Polimenis, Vassilis.
             Affine term structure models.  62p.                        
     200251 Gourieroux, Christian & Monfort, Alain.  Equidependence in  
            qualitative and duration models with application to credit  
            reisk.  47p.                                                
     200250 Gourieroux, Christian & Monfort, Alain.  Pricing with       
            splines.  44p.                                              
     200254 Lescourret, Laurence & Robert, Christian Y.  Preferencing   
            and dealer inventory.  67p.                                 
     200313 Bertail, Patrice, et al.  Evaluation of food risk exposure  
            based on extreme value theory: application to heavy metals  
            in sea products.  24p.                                      
     2003-9 Campo, Sandra, et al.  Semiparametric estimation of         
            first-price auctions with risk averse bidders.  82p.        
     200315 Combes, Pierre-P., Magnac, Thierry & Robin, Jean-Marc.  The 
            dynamics of local employment in France.  41p.               
     200310 Doukhan, Paul & Brandiere, Odile.  Dependent noise for      
            stochastic algorithms.  19p.                                
     2003-8 Doukhan, Paul, et al.  Empirical central limit theorem for a
            class of long memory Bernouli shifts.  25p.                 
     200321 Gabszewicz, Jean J., Laussel, Didier & Sonnac, Nathalie.    
            Concentration in the press industry and the theory of the   
            "circulation spiral".  27p.                                 
     200323 Gayraud, Ghislane & Rousseau, Judith.  Rates of convergence 
            for a Bayesian level set estimation.  19p.                  
     200318 Lesur, Romain.  Hospital ownership and medical decision     
            making.  32p.                                               
     200317 Malherbet, Franck & Ulus, Mustafa.  Unemployment insurance  
            and labor reallocation.  59p.                               

     IOWA STATE UNIVERSITY.  Department of Economics.                   

     200215 Huffman, Wallace, et al.  Who do consumers trust for        
            information?  The case of genetically modified foods.  24p. 

     BANCA DE ITALIA.  Research Department.                             

     451    Angelini, Paolo.  Liquidity and announcement effects in the 
            euro area.  33p.                                            
     453    de Blasio, Guido & Di Addario, Sabrina.  Labor market       
            pooling: evidence from Italian industrial districts.  43p.  
     454    Magri, Silvia.  Italian households' debt: determinants of   
            demand and supply.  71p.                                    
     455    Zotteri, Stefania.  Heterogeneity in human capital and      
            economic growth.  25p.                                      
     460    Altissimo, Filippo, Locarno, Alberto & Siviero, Stefano.    
            Dealing with forward-looking expectations and policy rules  
            in quantifying the channels of transmission of monetary .   
            38p.                                                        
     464    Amel, Dean, et al.  Consolidation and efficiency in the     
            financial sector: a review of the international evidence.   
            58p.                                                        
     457    Angelini, Paolo, et al.  Monetary policy rules for the euro 
            area: what role for national information?  43p.            
     465    Benabou, Roland.  Human capital, technical change and the   
            welfare state.  18p.                                        
     461    Corsetti, Giancarlo & Dedola, Luca.  Macroeconomics of      
            international price discrimination.  47p.                   
     462    D'Alessio, Giovanni & Faiella, Ivan.  Non-response behaviour
            of the Bank of Italy's Survey of Household Income and       
            Wealth.  41p.                                               
     458    Monteforte, Libero & Siviero, Stefano.  The economic        
            consequences of euro area modelling shortcuts.  58p.        
     456    Baffigi, Alberto, Golinelli, Roberto & Parigi, Giuseppe.    
            Real-time GDP forecasting in the euro area.  40p.           
     459    Torrini, Roberto.  Cross-country differences in             
            self-employment rates: the role of institutions.  40p.      

     UNIVERSITE DE LAUSANNE.  Dept. d'Econometrie d' Econ. Politique.   

     200211 Abul Naga, Ramses H.  Quantity constraints, poverty lines   
            and poverty orderings.  11p.                                
     200215 Abul Naga, Ramses & Cowell, Frank.  Intergenerational       
            mobility in Britain: revisiting the prediction approach of  
            Dearden, Machin and Reed.  13p.                             
     200218 Bacchetta, Philippe & Van Wincoop, Eric.  Why do consumer   
            prices react less than import prices to exchange rates?    
            26p.                                                        
     200217 Danthine, Jean-Pierre, et al.  On the consequences of state 
            dependent preferences for the pricing of financial assets.  
            33p.                                                        
     200216 Monfort, Philippe & Pommeret, Aude.  Fiscal harmonization   
            and portfolio choice.  29p.                                 
     200214 Perotti, Enrico C. & von Thadden, Ernst-Ludwig.  The        
            political economy of bank- and market dominance.  40p.      

     LONDON SCHOOL OF ECONOMICS.  ICERD-Devel. Econ. Discussion Series. 

     35     Bandiera, Oriana & Rasul, Imran.  Social networks and       
            technology adoption in Northern Mozambique.  48p.           
     36     MacCulloch, Robert & Pezzini, Silvia.  The role of freedom, 
            growth and religion in the taste for revolution.  47p.      

     LONDON SCHOOL OF ECONOMICS.  Financial Markets Group.              

     427    Friedrich, Sylvain & Payne, Richard.  Dealer liquidity in an
            auction market: evidence from the London Stock Exchange.    
            35p.                                                        
     422    Jobst, Andreas A.  Loan securitisation: default term        
            structure and asset pricing based on loss prioritisation.   
            93p.                                                        
     430    Jurczenko, Emmanuel, Maillet, Bertrand & Negrea, Bogdan.    
            Revisited multi-moment approximate option pricing models: a 
            general comparison, part 1.  85p.                           
     432    Ortalo-Magne, Francois & Rady, Sven.  Homeownership: low    
            household mobility, volatile housing prices, high income    
            dispersion.  26p.                                           
     428    Segoviano, Miguel & Lowe, Phillip.  Internal ratings, the   
            business cycle and capital requirements: some evidence from 
            an emerging market economy.  21p.                           
     433    Sunirand, Pojanart.  The role of bank capital and the       
            transmission mechanism of monetary policy.  46p.            

     LONDON SCHOOL OF ECONOMICS.  Int'l. Centre for Econ & Related Disc.

     442    Xu, Chenggang & Pistor, Katharina.  Law enforcement under   
            incomplete law: theory and evidence from financial market   
            regulation.  44p.                                           

     MACQUARIE UNIVERSITY.  Department of Economics.                    

     102002 Cooray, Arusha.  Financial integration: evidence from       
            Australia.  22p.                                            
     122002 Horne, Jocelyn.  Taxation of superannuation in Australia: an
            assessment of reform proposals.  20p.                       
     112002 Ip, Pui Chi.  The liquidity trap and Japan.  26p.           

     UNIVERSITY OF MELBOURNE.  Department of Economics.                 

     860    Basov, Suren.  A partial characterization of the solution of
            the multidimensional screening problem with nonlinear       
            preferences.  64p.                                          
     859    Chang, Hsiao-Chuan.  The impact of immigration on the wage  
            differential in Australia.  23p.                            
     863    Magee, Gary B.  Comparative technological creativity in     
            Britain and America at the end of the 19th century: the     
            antipodean experien.  42p.                                  
     861    Magee, Gary B.  Rethinking invention: cognition and the     
            economics of technological creativity.  45p.                
     862    Poskitt, D.S. & Skeele, C.L.  Assessing instrumental        
            variable relevance: an alternative measure and some exact   
            finite sample theory.  25p.                                 
     864    Basov, Suren.  Bounded rationality: static versus dynamic   
            approach.  34p.                                             
     865    Chou, Yuan K.  Modelling social capital and growth.  31p.   

     UNIVERSITY OF MINNESOTA.  Center for Economic Research.            

     318    Boyd, John H. & Kim, Jin.  A theoretical investigation of   
            handguns, cops and robbers.  34p.                           
     316    Kusuda, Koji.  Existence, uniqueness, and determinacy of    
            equilibria in complete security markets with an infinite    
            dimensional Mart.  29p.                                     
     319    Nyman, John A.  Health insurance theory: the case of the    
            vanishing welfare gain.  42p.                               
     320    Bajona, Claustre & Chu, Tianshu.  Economic effects of       
            liberalization: the case of China's accession to the World  
            Trade Organization.  36p.                                   
     317    Kusuda, Koji.  Consumption-based CAPM and option pricing    
            under jump-diffusion uncertainty.  38p.                     
     321    McLennan, Andrew & Park, In-Uck.  The market for liars:     
            reputation and auditor honesty.  24p.                       

     MONASH UNIVERSITY.  Department of Econometrics & Bus. Statistics.  

     212002 Anderson, Heather M.  Choosing lag lengths in nonlinear     
            dynamic models.  34p.                                       
     202002 Anderson, Heather M., Athanasopoulos, George & Vahid,       
            Farshid.  Nonlinear autoregressive leading indicator models 
            of output in G-7 countries.  38p.                           
     112002 Hall, Peter G. & Hyndman, Rob J.  An improved method for    
            bandwidth selection when estimating ROC curves.  6p.        
     122002 Powell, Alan A., et al.  Cobb-Douglas utility - eventually!.
             23p.                                                       
     142002 Snyder, Ralph D. & Forbes, Catherine S.  Reconstructing the 
            Kalman filter for stationary and non-stationary time series.
             31p.                                                       
     182002 Tse, Y.K., Zhang, Xibin & Yu, Jun.  Estimation of hyperbolic
            diffusion using the MCMC method.  19p.                      
     172002 Yu, Jun, Yang, Zhenlin & Zhang, Xibin.  A class of nonlinear
            stochastic volatility models and its implications on pricing
            currency options.  40p.                                     
     192002 Zhang, Xibin & King, Maxwell L.  Influence diagnostics in   
            GARCH processes.  26p.                                      
     162002 Zhao, X., et al.  The incidence of gains and taxes          
            associated with R & D promotion in the Australian beef      
            industry.  35p.                                             
     152002 Zhao, Xueyan.  Who bears the burden and who receives the    
            gain?  The case of GWRDC R&D investments in the Australian  
            grape and wine.  19p.                                       
     132002 Hibbard, Robert E.J., Brown, Rob & McLaren, Keith R.        
            Nonsimultaneity and futures option pricing: simulation and  
            empirical evidence.  37p.                                   

     MONASH UNIVERSITY.  Department of Economics.                       

     242002 Bhattacharya, Mita & Takehiro, Ryoji.  Industrial           
            performance and competition in different business cycles:   
            the case of Japanese manufacturing.  25p.                   
     152002 Bhattacharya, Mita & Smyth, Russell.  The life cycle        
            research output of professors in Australian economics       
            departments: an empirical analysis based on su.  40p.       
     262002 Deng, Xin.  Testing the Diamond effect: a survey of private 
            car ownership in China.  42p.                               
     132002 Fausten, Dietrich K. & Pickett, Brett.  "Errors and         
            omissions" in the reporting of Australia's cross-border     
            transactions.  49p.                                         
     192002 Forsyth, Peter.  Airport price regulation: rationales,      
            issues and directions for reform.  82p.                     
     172002 Forsyth, Peter.  Low cost carriers in Australia: experience 
            and impacts.  44p.                                          
     162002 Forsyth, Peter.  Microeconomic reform in Australia: how well
            is it working?  36p.                                       
     182002 Forsyth, Peter.  Reforming the funding of university        
            research.  31p.                                             
     212002 He, Yong & Sun, Guang-Zhen.  Third-degree price             
            discrimination, heterogeneous markets and exclusion.  21p.  
     122002 Riach, Peter A. & Rich, Judith.  Ethical issues in deceptive
            field experiments of discrimination in the market place.    
            18p.                                                        
     142002 Smyth, Russell.  Case complexity and citation to judicial   
            authority: some empirical evidence from the New Zealand     
            Court of Appeal.  30p.                                      
     202002 Sun, Guang-Zhen.  Uncertainty, knowledge, transaction costs 
            and the division of labor.  25p.                            
     252002 Sun, Guang-Zhen, Yang, Xiaokai & Zhou, Lin.  General        
            equilibria in large economies with endogenous structure of  
            division of labor.  40p.                                    
     222002 Wang, Zhongmin.  A hedonic analysis of crude oil: have      
            environmental regulations changed refiners' valuation of    
            sulfur content? 44p.                                      
     232002 Wills, Ian.  Informational barriers to pollution reduction  
            in small businesses.  26p.                                  
     3/2003 Booth, Ross.  League-revenue sharing and competitive        
            balance.  16p.                                              
     6/2003 Li, Chulin & Sun, Guang-Zhen.  Diversity of specialization  
            patterns, Schur convexity and transference: a note on the   
            axiomatic measurement of the .  14p.                        
     102003 Narayan, Paresh & Smyth, Russell.  Dead man walking: an     
            empirical reassessment of the deterrent effect of capital   
            punishment using the bounds testing .  44p.                 
     4/2003 Narayan, Paresh K. & Peng, Xiujian.  Econometric analysis of
            the determinants of fertility in China, 1952-2000.  45p.    
     8/2003 Narayan, Paresh & Smyth, Russell.  Electricity consumption, 
            employment and real income in Australia.  35p.              
     1/2003 Narayan, Paresh & Narayan, Seema.  The J-curve: evidence    
            from Fiji.  40p.                                            
     2/2003 Narayan, Paresh & Narayan, Seema.  Savings behaviour in     
            Fiji: an empirical assessment using the ARDL approach to    
            cointegration.  28p.                                        
     9/2003 Narayan, Seema & Narayan, Paresh K.  Import demand          
            elasticities for Mauritius and South Africa: evidence from  
            two recent cointegration techniques.  29p.                  
     5/2003 Rushdi, Mustabshira & Tennant, Judith.  Profitability of    
            Australian banks, 1985-2001.  32p.                          
     7/2003 Sun, Guang-Zhen.  Identification of equilibrium structures  
            of endogenous specialisation: a unified approach            
            exemplified.  28p.                                          
     182003 Chaudhuri, Ananish, Maitra, Pushkar & Graziano, Sara.       
            Dynamic analysis of the evolution of conventions in a public
            goods experiment with intergenerational advice.  49p.       
     122003 Narayan, Paresh & Smyth, Russell.  The determinants of      
            immigration from Fiji to New Zealand: an empirical          
            re-assessment using the bounds testing appro.  37p.         
     132003 Narayan, Paresh & Prasad, Biman Chand.  Sugar industry      
            reform in Fiji, production decline and its economic         
            consequences.  40p.                                         
     172003 Ng, Yew-Kwang & Zhang, Dingsheng.  Average-cost pricing,    
            increasing returns, and optimal output in a model with home 
            and market production.  23p.                                
     152003 Ng, Yew-Kwang & Zhang, Dingsheng.  The Smith dilemma:       
            towards a resolution.  16p.                                 
     142003 Rice, Robert.  The contribution of household and small      
            manufacturing establishments to Indonesian economic         
            development, 1986-2000.  73p.                               
     112003 Sun, Guang-Zhen.  Knowledge, specialization, consumption    
            variety and trade dependence.  20p.                         
     162003 Zhang, Dingsheng.  Cobweb model with the trade off between  
            sensitive incentive and stability.  28p.                    

     UNIVERSITAT MUNCHEN.  Volkswirtschaftliche Fakultat.               

     200114 Hainz, Christa.  Effects of bank insolvency and strategic   
            uncertainty on corporate restructuring in transition        
            economies.  34p.                                            
     200111 Hellwig, Martin F. & Schmidt, Klaus M.  Discrete-time       
            approximations of the Holmstrom-Milgrom Brownian motion     
            models of intertemporal incentive provision.  56p.          
     2002-9 Huang, Haizhou, Marin, Dalia & Xu, Chenggang.  Financial    
            crisis, economic recovery and banking development in former 
            Soviet Union economies.  39p.                               
     200113 Klasen, Stephan & Wink, Claudia.  A turning point in gender 
            bias in mortality?  An update on the number of `missing     
            women'.  29p.                                               
     2002-4 Komlos, John & Flandreau, Marc.  Using ARIMA forecasts to   
            explore the efficiency of the forward Reichsmark market:    
            Austria-Hungary, 1876-1914.  13p.                           
     2002-7 Marin, Dalia & Verdier, Thierry.  Globalization and the `new
            enterprise'.  13p.                                          
     2002-6 Marin, Dalia & Verdier, Thierry.  Power inside the firm and 
            the market: a general equilibrium approach.  41p.           
     2002-3 Marin, Dalia, Lorentowicz, Andzelika & Raubold, Alexander.  
            Ownership, capital or outsourcing: what drives German       
            investment to Eastern Europe?  25p.                        
     2002-8 Muller, Thomas.  Modes of foreign entry under asymmetric    
            information about potential technology spillovers.  42p.    
     200115 Schlict, Ekkehart.  Hiring standards and market clearing.   
            29p.                                                        
     200116 Schlict, Ekkehart.  Social evolution, corporate culture, and
            exploitation.  16p.                                         
     2002-1 Spree, Reinhard.  Business cycles in history.  27p.         
     2002-2 Wohlbier, Florian.  Subsidising education with unionised    
            labour markets.  23p.                                       

     NATIONAL BUREAU OF ECONOMIC RESEARCH.  Working Papers.             

     9378   Acemoglu, Daron, Johnson, Simon & Robinson, James.  The rise
            of Europe: Atlantic trade, institutional change and economic
            growth.  101p.                                              
     9377   Acemoglu, Daron.  Why not a political Coase theorem?  Social
            conflict, commitment and politics.  48p.                    
     9397   Aizenman, Joshua.  Volatility, employment and the patterns  
            of FDI in emerging markets.  25p.                           
     9324   Aizenman, Joshua & Spiegel, Mark M.  Institutional          
            efficiency, monitoring costs, and the investment share of   
            FDI.  27p.                                                  
     9411   Alesina, Alberto, et al.  Fractionalization.  70p.          
     9358   Altonji, Joseph G., Elder, Todd E. & Taber, Christopher R.  
            An evaluation of instrumental variable strategies for       
            estimating the effects of Catholic schools.  36p.           
     9389   Angrist, Joshua D. & Lavy, Victor.  The effect of high      
            school matriculation awards: evidence from randomized       
            trials.  48p.                                               
     9409   Ansolabehere, Stephen, de Figueiredo, John M. & Snyder,     
            James M.  Why is there so little money in U.S. politics?   
            58p.                                                        
     9369   Arslanalp, Serkan & Henry, Peter B.  Debt relief: what do   
            the markets think? 49p.                                   
     9425   Autor, David H., Donohue, John J. & Schwab, Stewart J.  The 
            costs of wrongful-discharge laws.  57p.                     
     9352   Bacchetta, Philippe & Van Wincoop, Eric.  Why do consumer   
            prices react less than import prices to exchange rates?    
            26p.                                                        
     9383   Bansal, Ravi, Khatchatrian, Varoujan & Yaron, Amir.         
            Interpretable asset markets?  39p.                         
     9323   Barth, James R., Caprio, Gerard & Levine, Ross.  Bank       
            regulation and supervision: what works best?  46p.         
     9380   Bebchuk, Lucian, Cohen, Alma & Ferrell, Allen.  Does the    
            evidence favor state competition in corporate law?  43p.   
     9371   Becht, Marco, Bolton, Patrick & Roell, Alisa.  Corporate    
            governance and control.  168p.                              
     9379   Beck, Thorsten, Demiriguc-Kunt, Asli & Levine, Ross.  Law   
            and finance: why does legal origin matter?  45p.           
     9341   Belongia, Michael T. & Ireland, Peter N.  The own-price of  
            money and a new channel of monetary transmission.  24p.     
     9399   Bennett, Neil G., Lu, Hsien-Hen & Song, Younghwan.  Welfare 
            reform and changes in the economic well-being of children.  
            39p.                                                        
     9329   Bernheim, B. Douglas & Rangel, Antonio.  Addiction and      
            cue-conditioned cognitive processes.  56p.                  
     9346   Bhattacharya, Jay, Goldman, Dana & Sood, Neeraj.  The link  
            between public and private insurance and HIV-related        
            mortality.  25p.                                            
     9395   Blanchflower, David G. & Bryson, Alex.  Changes over time in
            union relative wage effects in the U.K. and the U.S.        
            revisited.  65p.                                            
     9338   Blau, Francine D., Kahn, Lawrence M. & Waldfogel, Jane.  The
            impact of welfare benefits on single motherhood and headship
            of young women: evidence from the census.  35p.             
     9381   Caballero, Ricardo J. & Hammour, Mohamad L.  Speculative    
            growth.  42p.                                               
     9344   Cavaglia, Stefano, et al.  Pricing the global industry      
            portfolios.  28p.                                           
     9337   Cespedes, Luis F., Chang, Robert & Velasco, Andres.         
            IS-LM-BP in the Pampas.  32p.                               
     9370   Chari, V.V. & Kehoe, Patrick J.  Time inconsistency and     
            free-riding in a monetary union.  28p.                      
     9393   Cheung, Yin-Wong, Chinn, Menzie D. & Pascual, Antonio G.    
            Empirical exchange rate models of the nineties: are any fit 
            to survive?  18p.                                          
     9394   Chou, Shin-Yi, Liu, Jin-Tan & Hammitt, James K.  Health     
            insurance and households' precautionary behaviours: an      
            unusual natural experiment.  34p.                           
     9401   Clemens, Michael A. & Williamson, Jeffrey G.  Closed jaguar,
            open dragon: comparing tariffs in Latin America and Asia    
            before World War II.  33p.                                  
     9359   Cohen, Randolph, Coval, Joshua & Pastor, Lubos.  Judging    
            fund managers by the company they keep.  46p.               
     9396   Costa, Dora L. & Kahn, Matthew E.  Changes in the value of  
            life, 1940-1980.  29p.                                      
     9428   Currie, Janet, Farsi, Mehdi & MacLeod, W. Bentley.  Cut to  
            the bone?  Hospital takeovers and nurse employment          
            contracts.  34p.                                            
     9360   Currie, Janet & Moretti, Enrico.  Mother's education & the  
            intergenerational transmission of human capital: evidence   
            from college openings & longitud.  63p.                     
     9311   Cutler, David M. & Huckman, Robert S.  Technological        
            development and medical productivity: diffusion of          
            angioplasty in New York state.  47p.                        
     9331   Davis, Steven J., Kubler, Felix & Willen, Paul.  Borrowing  
            costs and the demand for equity over the life cycle.  43p.  
     9367   Dekle, Robert.  The deteriorating fiscal situation and an   
            aging population.  20p.                                     
     9349   Den Haan, Wouter J.  Temporary shocks and unavoidable       
            transitions to a high unemployment regime.  36p.            
     9350   DeSimone, Jeff.  Determinants of drug injection behavior:   
            economic factors, HIV injection risk and needle exchange    
            programs.  37p.                                             
     9385   Doi, Takero & Hoshi, Takeo.  Paying for the Financial       
            Investment and Loan Program (FILP).  46p.                   
     9309   Dyck, Alexander & Zingales, Luigi.  The corporate governance
            role of the media.  38p.                                    
     9400   Dynarski, Susan.  The consequences of merit aid.  52p.      
     9427   Eichengreen, Barry & Leblang, David.  Capital account       
            liberalization and growth: was Mr. Mahathir right?  42p.   
     9364   Epple, Dennis & Romano, Richard.  Educational vouchers and  
            cream skimming.  53p.                                       
     9318   Estevadeordal, Antoni, Frantz, Brian & Taylor, Alan M.  The 
            rise and fall of world trade: 1870-1939.  40p.              
     9340   Fan, Wei & White, Michelle J.  Personal bankruptcy and the  
            level of entrepreneurial activity.  28p.                    
     9387   Feenstra, Robert C., Romalis, John & Schott, Peter K.  U.S. 
            imports, exports and tariff data, 1989-2001.  37p.          
     9328   Feenstra, Robert C., Hanson, Gordon H. & Lin, Songhua.  The 
            value of information in international trade: gains to       
            outsourcing through Hong Kong.  37p.                        
     9382   Fernandez-Villaverde, Jesus & Krueger, Dirk.  Consumption   
            over the life cycle: some facts from Consumer Expenditure   
            Survey data.  59p.                                          
     9319   Figlio, David N. & Winicki, Joshua.  Food for thought: the  
            effects of school accountability plans on school nutrition. 
            22p.                                                        
     9368   Fukao, Mitsuhiro.  Financial sector profitability and       
            double-gearing.  33p.                                       
     9357   Gerdtham, Ulf G. & Ruhm, Christopher J.  Deaths rise in good
            economic times: evidence from the OECD.  24p.               
     9419   Giannoni, Marc P. & Woodford, Michael.  Optimal             
            interest-rate rules: 1) General theory.  69p.               
     9420   Giannoni, Marc P. & Woodford, Michael.  Optimal             
            interest-rate rules: II) Applications.  100p.               
     9426   Goldstein, Itay & Razin, Assaf.  An information-based trade 
            off between foreign direct investment and foreign portfolio 
            investment.  46p.                                           
     9364   Gomes, Joao, Yaron, Amir & Zhang, Lu.  Asset prices and     
            business cycles with costly external finance.  32p.         
     9365   Gomes, Joao, Yaron, Amir & Zhang, Lu.  Asset pricing        
            implications of firms' financing constraints.  56p.         
     9391   Gourinchas, Pierre-Olivier & Tornell, Aaron.  Exchange rate 
            dynamics, learning and misperception.  55p.                 
     9353   Grinblatt, Mark & Liu, Jun.  Debt policy, corporate taxes,  
            and discount rates.  32p.                                   
     9403   Grossman, Gene M. & Helpman, Elhanan.  Managerial incentives
            and the international organization of production.  42p.     
     9407   Gruber, Jonathan & Wise, David A.  Social security programs 
            and retirement around the world: micro estimation.  52p.    
     9404   Gustman, Alan L. & Steinmeier, Thomas L.  Retirement and the
            stock market bubble.  43p.                                  
     9398   Hau, Harald & Rey, Helene.  Exchange rate, equity prices and
            capital flows.  46p.                                        
     9424   Hausmann, Ricardo & Rigobon, Roberto.  An alternative       
            interpretation of the "resource curse": theory and policy   
            implications.  57p.                                         
     9322   Hovakimian, Armen, Kane, Edward J. & Laeven, Luc.  How      
            country and safety-net characteristics affect bank          
            risk-shifting.  46p.                                        
     9366   Huggett, Mark, Ventura, Gustavo & Yaron, Amir.  Human       
            capital and earnings distribution dynamics.  38p.           
     9372   Imbs, Jean, et al.  PPP strikes back: aggregation and the   
            real exchange rate.  41p.                                   
     9390   Ireland, Peter N.  Endogenous money or sticky prices?  54p.
     9376   Ito, Takatoshi & Hashimoto, Yuko.  High-frequency contagion 
            of currency crises in Asia.  59p.                           
     9414   Jacob, Brian A. & Levitt, Steven D.  Catching cheating      
            teachers: the results of an unusual experiment in           
            implementing theory.  32p.                                  
     9413   Jacob, Brian A. & Levitt, Steven D.  Rotten apples: an      
            investigation of the prevalence and predictors of teacher   
            cheating.  67p.                                             
     9388   Jallath-Coria, Eduardo, Mukhopadhyay, Tridas & Yaron, Amir. 
            How well do banks manage their reserves?  30p.             
     9334   Janeba, Eckhard & Schjelderup, Guttorm.  Why Europe should  
            love tax competition - and the U.S. even more so.  39p.     
     9325   Jones, Charles I.  Why have health expenditures as a share  
            of GDP risen so much?  36p.                                
     9392   Jones, Christopher S. & Shanken, Jay.  Mutual fund          
            performance with learning across funds.  46p.               
     9406   Joyce, Theodore, Kaestner, Robert & Korenman, Sanders.      
            Welfare reform and non-marital fertility in the 1990s:      
            evidence from birth records.  33p.                          
     9327   Ju, Nengliu, et al.  Horses or rabbits?  Optimal dynamic    
            capital structure from shareholder and manager perspectives.
             43p.                                                       
     9348   Jung, Jeeman & Shiller, Robert J.  One simple test of       
            Samuelson's dictum for the stock market.  18p.              
     9342   Kaplow, Louis.  Why measure inequality?  13p.              
     9384   Kashyap, Anil K.  Sorting out Japan's financial crisis.     
            14p.                                                        
     9330   Kearney, Melissa S.  State lotteries and consumer behavior. 
            38p.                                                        
     9402   Khan, Aubhik, King, Robert G. & Wolman, Alexander L.        
            Optimal monetary policy.  51p.                              
     9418   Krueger, Alan B. & Zhu, Pei.  Another look at the New York  
            City school voucher experiment.  42p.                       
     9410   Krueger, Dirk & Kubler, Felix.  Pareto improving social     
            security reform when financial markets are incomplete!?    
            32p.                                                        
     9408   Krueger, Dirk & Kumar, Krishna B.  Skill specific rather    
            than general education: a reason for U.S.-Europe growth     
            differences?  35p.                                         
     9363   Lerner, Josh & Tirole, Jean.  The scope of open source      
            licensing.  52p.                                            
     9422   Levitt, Steven D.  How do markets function?  An empirical   
            analysis of gambling on the National Football League.  40p. 
     9351   Lichtenberg, Frank R. & Virabhak, Suchin.  Pharmaceutical   
            embodied technical progress, longevity, and quality of life:
            drugs as "equipment for your health".  44p.                 
     9417   Lipsey, Robert E. & Sjoholm, Frederik.  Foreign firms and   
            Indonesian manufacturing wages: an analysis with panel data.
             24p.                                                       
     9405   LoSasso, Anthony T. & Buchmueller, Thomas C.  The effect of 
            the State Children's Health Insurance Program on health     
            insurance coverage.  38p.                                   
     9317   McGarry, Kathleen.  Health and retirement: do changes in    
            health affect retirement expectations?  32p.               
     9375   Mankiw, N. Gregory & Reis, Ricardo.  What measure of        
            inflation should a central bank target?  37p.              
     9415   Metcalf, Gilbert E. & Norman, George.  Oligopoly            
            deregulation and the taxation of commodities.  21p.         
     9416   Metcalf, Gilbert E. & Norman, George.  Oligopoly            
            deregulation in general equilibrium: a tax neutralization   
            result.  30p.                                               
     9373   Mulligan, Casey B.  Capital, interest, and aggregate        
            intertemporal substitution.  45p.                           
     9374   Mulligan, Casey B.  Capital tax incidence: first impressions
            from the time series.  24p.                                 
     9361   Nordhaus, William D.  The economic consequences of a war    
            with Iraq.  50p.                                            
     9345   Obstfeld, Maurice & Taylor, Alan M.  Sovereign risk,        
            credibility and the gold standard: 1870-1913 versus 1925-31.
             46p.                                                       
     9423   Ofek, Eli, Richardson, Matthew & Whitelaw, Robert F.        
            Limited arbitrage and short sales restrictions: evidence    
            from the options markets.  52p.                             
     9332   Razin, Assaf, Sadka, Efraim & Coury, Tarek.  Trade,         
            openness, investment instability and terms-of-trade         
            volatility.  34p.                                           
     9347   Rose, Andrew K.  Do WTO members have a more liberal trade   
            policy?  36p.                                              
     9320   Rotemberg, Julio J.  Customer anger at price increases, time
            variation in the frequency of price changes and monetary    
            policy.  42p.                                               
     9333   Rousseau, Peter L.  Historical perspectives on financial    
            development and economic growth.  47p.                      
     9339   Scheve, Kenneth & Slaughter, Matthew J.  Economic insecurity
            and the globalization of production.  41p.                  
     9335   Shavell, Steven.  Minimum asset requirements.  17p.         
     9412   Smetters, Kent A.  Trading with the unborn: a new           
            perspective on capital income taxation.  45p.               
     9356   Stephens, Melvin.  Paycheck receipt and the timing of       
            consumption.  30p.                                          
     9421   Svensson, Lars E.O.  What is wrong with Taylor rules?  Using
            judgement in monetary policy through targeting rules.  76p. 
     9326   Taylor, Alan M.  Globalization, trade, and development: some
            lessons from history.  37p.                                 
     9355   Tornell, Aaron & Westernmann, Frank.  The credit channel in 
            middle income countries.  57p.                              
     9362   White, Michelle J..  Explaining the flood of asbestos       
            litigation: consolidation, bifurcation, and bouquet trials. 
            33p.                                                        
     9386   Yafeh, Yishay.  An international perspective of Japan's     
            corporate groups and their prospects.  31p.                 

     NEW YORK UNIVERSITY.  Salomon Center (Stern School of Business).   

     200255 Altman, Edward I. & Bana, Gaurav.  Defaults and returns on  
            high yield bonds: analysis through September 30, 2002.  52p.
     2003-5 Altman, Edward I. & Bana, Gaurav.  Defaults and returns on  
            high yield bonds: the year 2002 in review and the market    
            outlook.  64p.                                              
     2003-4 Altman, Edward I., et al.  The link between default and     
            recovery rates: theory, empirical evidence and implications.
             27p.                                                       
     2003-6 Altman, Edward I. & Jha, Shubin.  Market size and investment
            performance of defaulted bonds and bank loans: 1987 - 2002. 
            46p.                                                        
     200256 Amihud, Yakov & Li, Kefei.  The declining information       
            content of dividend announcements and the effect of         
            institutional holdings.  43p.                               
     200257 Basak, Suleyman, Pavlova, Anna & Shapiro, Alex.  Offsetting 
            the incentives: risk shifting, and benefits of benchmarking 
            in money management.  31p.                                  
     200254 Frame, W. Scott & White, Larwence J.  Empirical studies of  
            financial innovations: lots of talk, little action?  37p.  
     2003-7 Onorato, Mario & Altman, Edward I.  An integrated pricing   
            model for defaultable loans and bonds.  20p.                
     2003-3 White, Lawrence J.  The new economy and banks and financial 
            institutions.  28p.                                         
     2003-1 White, Lawrence J.  The savings and loan debacle: a         
            perspective from the early twenty-first century.  25p.      
     2003-2 White, Lawrence J.  What constitutes appropriate disclosure 
            for a financial conglomerate?  33p.                        
     200310 Altman, Edward I & Rijken, Herbert A.  Benchmarking the     
            timeliness of credit agency ratings with credit score       
            models.  51p.                                               
     200311 Altman, Edward I. & Rijken, Herbert A.  Influence of        
            migration policies on the dynamics of credit agency ratings.
             42p.                                                       
     200312 Figlewski, Stephen.  Estimation error in the assessment of  
            financial risk exposure.  46p.                              
     2003-9 Kind, Axel & Wilde, Christian.  A simulation-based pricing  
            method for convertible bonds.  56p.                         
     200313 Silber, William L..  What happened to liquidity when World  
            War I shut the NYSE?  30p.                                 

     UNIVERSITY OF OTTAWA.  Department of Economics.                    

     2002/5 Coulombe, Serge.  International trade, interprovincial      
            trade, and Canadian provincial growth.  28p.                
     2003-2 Atallah, Gamal & Rodriguez, Gabriel.  Indirect patent       
            citations.  33p.                                            
     2003-3 Barham, Vicky, Devlin, Rose Anne & Yang, Jie.  An empirical 
            investigation of household dynamics.  48p.                  
     2003-1 Grenier, Gilles.  The internal migration of the immigrant   
            and native-born populations in Canada between 1978 and 1996.
             31p.                                                       
     2003-4 Grenier, Gilles & Tavakoli, Akbar.  Globalisation and wage  
            inequality in the Canadian manufacturing sector: a time     
            series analysis.  40p.                                      
     2003-7 Liu, Hui & Rodriguez, Gabriel.  Human activities and global 
            warming: a cointegration analysis.  26p.                    
     2003-9 Rodriguez, Gabriel.  Identifying Canadian regional business 
            cycles using the Friedman plucking model.  19p.             
     2003-5 Rodriguez, Gabriel.  The role of interprovincial transfers  
            in the beta-convergence process: further empirical evidence 
            for Canada.  28p.                                           
     2003-8 Romero, Indira & Rodriguez, Gabriel.  Identifying permanent 
            and transitory components in Latin American real exchange   
            rates.  20p.                                                
     200310 Rodriguez, Gabriel.  Are Canadian regional business cycles  
            all alike?  27p.                                           
     2003-6 Emiray, Emir & Rodriguez, Gabriel.  Evaluating time series  
            models in short and long-term forecasting of Canadian air   
            passenger data.  47p.                                       

     UNIVERSITY OF OXFORD.  Nuffield College.                           

     200222 Bowsher, Clive.  Modelling security market events in        
            continuous time: intensity based, multivariate point process
            models.  54p.                                               
     200214 Engle-Warnick, Jim & Ruffle, Bradley.  Buyer countervailing 
            power versus monopoly power: evidence from experimental     
            posted-offer markets.  26p.                                 
     200218 Giraud, Gael & Quah, John K.-H.  Heterotic models of        
            aggregate demand.  25p.                                     
     200220 Klemperer, Paul.  Some observations on the British and      
            German 3G Telecom auctions.  13p.                           
     200216 Nunziata, Luca.  Unemployment, labour market institutions   
            and shocks.  52p.                                           
     200315 Krolzig, Hans-Martin.  General-to-specific model selection  
            procedures for structural vector autorgressions.  24p.      

     UNIVERSITY OF PENNSYLVANIA.  Center for Analytic Research in Econ. 

     200210 Davila, Julio & Eeckhout, Jan.  Is bargaining over prices   
            efficient?  35p.                                           

     PRINCETON UNIVERSITY.  Industrial Relations Section.               

     469    Field, Erica.  Educational debt burden and career choice:   
            evidence from a financial aid experiment at NYU Law School. 
            34p.                                                        
     466    Krueger, Alan B.  Inequality, too much of a good thing.     
            54p.                                                        
     470    Krueger, Alan B. & Zhu, Pei.  Another look at the New York  
            City school voucher experiment.  40p.                       

     PRINCETON UNIVERSITY.  Woodrow Wilson School-Papers in Economics.  

     222    Ait-Sahalia, Yacine, Parker, Jonathan A. & Yogo, Motohiro.  
            Luxury goods and the equity premium.  52p.                  
     221    Brunnermeier, Markus K. & Parker, Jonathan A.  Optimal      
            expectations.  48p.                                         
     220    Grossman, Gene M. & Helpman, Elhanan.  Managerial incentives
            and the international organization of production.  51p.     
     219    Grossman, Gene M. & Helpman, Elhanan.  Outsourcing versus   
            FDI in industry equilibrium.  10p.                          

     UNIVERSITY OF ROCHESTER.  Center for Economic Research.            

     493    Albuquerque, Rui & Hopenhayn, Hugo.  Optimal lending        
            contracts and firm dynamics.  39p.                          
     492    Clementi, Gian Luca & Hopenhayn, Hugo.  A theory of         
            financing constraints and firm dynamics.  33p.              
     498    Epstein, Larry.  An axiomatic model of non-Bayesian         
            updating.  40p.                                             
     496    Epstein, Larry & Schneider, Martin.  IDD: independently and 
            indistinguishable distributed.  22p.                        
     497    Epstein, Larry & Schneider, Martin.  Learning under         
            ambiguity.  45p.                                            
     495    Khan, Shakeeb & Tamer, Elie.  Fairwise comparison estimation
            of censored transformation models.  35p.                    
     494    Marx, Leslie M. & Squintani, Francesco.  Individual         
            accountability in teams.  25p.                              

     UNIVERSITY OF ROCHESTER.  Wallis Inst. of Political Economy.       

     33     Haag, Matthew & Lagunoff, Roger.  On the size and structure 
            of group cooperation.  31p.                                 
     32     Klor, Esteban F.  A positive model of overlapping income    
            taxation in a federation of states.  57p.                   
     34     Lagunoff, ROger.  Credible communication in dynastic        
            government.  27p.                                           
     31     Marsiliani, Laura & Renstrom, Thomas I.  Environmental      
            policy and capital movements: the role of government        
            commitment.  24p.                                           
     35     Marsiliani, Laura & Renstrom, Thomas I.  Inequality,        
            environmental protection and growth.  32p.                  
     30     Marsiliani, Laura & Renstrom, Thomas I.  On income          
            inequality and green preferences.  15p.                     
     29     Ottaviani, Marco & Squintani, Francesco.  Non-fully         
            strategic information transmission.  29p.                   
     28     Renstrom, Thomas & Basu, Parantap.  When to tax labor?     
            26p.                                                        

     UNIVERSITY OF STOCKHOLM.  Department of Economics.                 

     200218 Baldwin, Richard E. & Forslid, Rikard.  Tax competition and 
            the nature of capital.  9p.                                 
     200215 Carlen, Bjorn.  Exclusionary manipulation of carbon permit  
            markets: a laboratory test.  45p.                           
     200217 Zagaglia, Paolo.  On (sub) optimal monetary policy rules    
            under untied fiscal hands.  29p.                            

     TEL-AVIV UNIVERSITY.  Eitan Berglas School of Economics.           

     192002 Drazen, Allan.  Conditionality and ownership in IMF lending:
            a political economy approach.  40p.                         
     182002 Drazen, Allan.  Fiscal rules from a political economy       
            perspective.  28p.                                          
     232002 Eliaz, Kfir & Spiegler, Ran.  Anticipatory feelings and     
            attitudes to information.  25p.                             
     202002 Fershtman, Chaim, Hvide, Hans K. & Weiss, Yoram.  A         
            behavioral explanation of the relative performance          
            evaluation puzzle.  14p.                                    
     212002 Gandal, Neil.  The effect of native language on internet    
            usage.  22p.                                                
     222002 Osborne, Martin J. & Rubinstein, Ariel.  Sampling           
            equilibrium, with an application to strategic voting.  10p. 
     242002 Schipper, Burkhard C.  Imitators and optimizers in Cournot  
            oligopoly.  40p.                                            
     282002 Botticini, Maristella & Eckstein, Zvi.  From farmers to     
            merchants: a human capital interpretation of Jewish economic
            history.  40p.                                              
     302002 Church, Jeffrey, Gandal, Neil & Krause, David.  Indirect    
            network effects and adoption externalities.  25p.           
     252002 Cukierman, Alex, Goldstein, Itay & Spiegel, Yossi.  The     
            choice of exchange rate regime and speculative attacks.     
            47p.                                                        
     262002 Cukeriman, Alex & Gerlach, Stefan.  The inflation bias      
            revisited: theory and some international evidence.  28p.    
     272002 Heifetz, Aviad, Shannon, Chris & Spiegel, Yossi.  What to   
            maximize if you must.  43p.                                 
     292002 Hercowitz, Zvi.  Concentration of capital ownership and     
            investment fluctuations.  23p.                              

     UNIVERSITY OF TOKYO. Ctr. for Int'l. Research on the Japanese Econ.

     169    Kandori, Michihiro.  The erosion and sustainability of norms
            and morale.  28p.                                           
     180    Kubokawa, Tatsuya & Srivastava, M.S.  Prediction in         
            multivariate mixed linear models.  24p.                     
     170    Kubokawa, Tatsuya & Srivastava, M.S.  Minimax empirical     
            Bayes ridge-principal component regression estimators.  30p.
     179    Matsushima, Hitoshi.  Finitely repeated games with small    
            side payments.  29p.                                        
     178    Matsushima, Hitoshi.  Honesty-proof implementation.  32p.   
     172    Matsuyama, Kiminori.  Good and bad investment: an inquiry   
            into the causes of credit cycles.  50p.                     
     174    Matsuyama, Kiminori.  A neoclassical growth model with      
            endogenous retirement.  26p.                                
     173    Matsuyama, Kiminori.  On the rise and fall of class         
            societies.  43p.                                            
     177    Miwa, Yoshiro & Ramseyer, J. Mark.  Capitalist politicians, 
            socialist bureaucrats?  Legends of government planning from 
            Japan.  23p.                                                
     175    Nishimura, Kiyohiko G. & Ozaki, Hiroyuki.  Economics of     
            self-feeding fear.  22p.                                    
     176    Nishimura, Kiyohiko G. & Ozaki, Hiroyuki.  Irreversible     
            investment and Knightian uncertainty.  39p.                 
     171    Obinata, Takashi.  Concept and relevance of income.  34p.   
     182    Fujimoto, Takahiro.  Architecture, capability, and          
            competitiveness of firms and industries.  45p.              
     181    Fukuda, Shin-ichi.  Post-crisis exchange rate regimes in    
            East Asia.  26p.                                            
     188    Khan, Haider.  Japanese foreign aid, development            
            expenditures and taxation in Thailand: econometric results  
            from a bounded rationa.  26p.                               
     184    Kunitomo, Naoto.  Improving small sample properties of the  
            empirical likelihood estimation.  29p.                      
     185    Matsushima, Hitoshi.  Mechanism design with side payments:  
            individual rationality and iterative dominance.  32p.       
     186    Matsuyama, Kiminori.  Financial market globalization,       
            symmetry-breaking, and endogenous inequality of nations.    
            42p.                                                        
     183    Nishimura, Kiyohiko G. & Ozaki, Hiroyuki.  An axiomatic     
            approach to E-contamination.  15p.                          
     187    Srivastava, M.S. & Kubokawa, Tatsuya.  Minimax multivariate 
            empirical Bayes estimators under multicollinearity.  21p.   

     U.S. DEPARTMENT OF JUSTICE.  Economic Analysis Group.              

     2003-3 Gramlich, Fred.  Coupon remedies in antitrust cases: the    
            form of the discount also matters.  14p.                    
     2003-1 Peters, Craig.  Evaluating the performance of merger        
            simulation: evidence from the U.S. airline industry.  39p.  
     2003-2 Werden, Gregory J.  The effect of antitrust policy on       
            consumer welfare: what Crandall and Winston overlook.  7p.  
     2003-4 Wilder, Jeffrey.  Competing for the effort of a common      
            agent: contingent fees in commercial insurance.  37p.       
     2003-7 Nye, William W.  Jumping the gun: the cellophane strategy   
            and the incentives of firms contemplating merger.  16p.     
     2003-5 Pittman, Russell.  A note on non-discriminatory access to   
            railroad infrastructure.  17p.                              
     2003-6 Whalen, W. Tom.  Constrained contracting and quasi-mergers: 
            price effects of code sharing and antitrust immunity in     
            international ai.  40p.                                     
     200313 Emch, Eric.  GECAS and the GE/Honeywell merger: a response  
            to Reynolds and Ordover.  38p.                              
     200310 Pittman, Russell.  Railways reform and electricity reform in
            Russia, and the role of the Minstry for Antimonopoly Policy.
             22p.                                                       
     2003-9 Pittman, Russell.  Regulatory reform: lessons for Korea.    
            18p.                                                        
     200312 Romeo, Charles J.  Estimating discrete joint probability    
            distributions for demographic characteristics at the store  
            level given store .  23p.                                   
     2003-8 Werden, Gregory J.  The American Airlines decision: not with
            a bang but a whimper.  10p.                                 
     200311 Williamson, Dean V.  Renegotiation, dynamic efficiency, and 
            vertical restraints in electricity marketing contracts.     
            45p.                                                        

     COWLES FOUNDATION AT YALE UNIVERSITY.  Reprint Series.             

     1044   Andrews, Donald W.K.  Equivalence of the higher order       
            asymptotic efficiency of k-step and extremum statistics.    
            0p.                                                         
     1045   Nordhaus, William D.  The recent recession, the current     
            recovery, and stock prices.  0p.                            
     1046   Xiao, Zhijie & Phillips, Peter C.B.  A CUSUM test for       
            cointegration using regression residuals.  0p.              
     1050   Bandi, Federico M. & Phillips, Peter C.B.  Fully            
            nonparametric estimation of scalar diffusion models.  0p.   
     1048   Dubey, Pradeep & Geanakoplos, John.  Competitive pooling:   
            Rothschild-Stiglitz reconsidered.  0p.                      
     1049   Karatzas, I., Shubik, M. & Sudderth, W.  A stochastic       
            overlapping generations economy with inheritance.  0p.      
     1051   Andrews, Donald W.K. & Guggenberger, Patrick.  A            
            bias-reduced log-periodogram regression estimator for the   
            long-memory parameter.  0p.                                 
     1053   Bewley, Truman F.  Knightian decision theory, part 1.  0p.  
     1052   Dubey, Pradeep & Geanakoplos, John.  Inside and outside fiat
            money, gains to trade, and IS-LM.  0p.                      
     1054   Phillips, Peter C.B.  Vision and influence in econometrics: 
            John Denis Sargan.  0p.                                     
     1065   Dubey, Pradeep & Geanakoplos, John.  From Nash to Walras via
            Shapley-Shubik.  0p.                                        
     1063   Dubey, Pradeep & Geanakoplos, John.  Monetary equilibrium   
            with missing markets.  0p.                                  
     1067   Fair, Ray C.  Shock effects on stocks, bonds, and exchange  
            rates.  0p.                                                 
     1068   Phillips, Peter C.B. & McFarland, James W.  Forward exchange
            market unbiasedness: the case of the Australian dollar since
            1984.  0p.                                                  
     1069   Andrews, Donald W.K. & Buchinsky, Moshe.  On the number of  
            bootstrap repetitions for BCa confidence intervals.  0p.    
     1071   Xiao, Zhijie & Phillips, Peter C.B.  Efficient detrending in
            cointegrating regressions.  0p.                             
     1076   Fair, Ray C.  Optimal control and stochastic simulation of  
            large nonlinear models with rational expectations.  0p.     
     1074   Geanakoplos, John.  Liquidity, default, and crashes.  0p.   
     1077   Sun, Yixiao & Phillips, Peter C.B.  Nonlinear               
            log-periodogram regression for perturbed fractional         
            processes.                                              
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