Acquisitions - January-December 1999

     UNIVERSITY OF ADELAIDE.  Department of Economics.                  

     99-1   Hughes, Anthony W., King, Maxwell L. & Teng, Kwek Kian.     
            Selecting the order of an ARCH model.  10p.                 
     9818   Richardson, Sue.  Households, individuals and low wages.    
            28p.                                                        

     UNIVERSITY OF ALBERTA.  Department of Economics.                   

     98-5   Tamaschke, R., Docwra, G. & Stillman, R.  Greenhouse gas    
            emissions and the competitive supply costs of electricity to
            class customers in a widespread sparsel.  22p.              
     99-3   Jenkins, Alexander W.  Integrating loss of estate and       
            dependency claims: economic assessments within the context  
            of Alberta's fatal accide.  13p.                            
     99-2   Landon, Stuart & Smith, C.E.  The risk premium, exchange    
            rate expectations, and the forward exchange rate: estimates 
            for the yen-dollar rate.  38p.                              
     99-1   Lindsey, Robin & West, Douglas S.  Predatory pricing in a   
            spatial market.  50p.                                       
     99-5   de Palma, Andre & Lindsey, Robin.  Competition between      
            congestible facilities and strategic choice of usage pricing
            technology.  63p.                                           
     99-4   Lindsey, Robin & Verhoef, Erik.  Congestion modelling.  25p.

     UNIVERSITY OF ALBERTA.  Institute for Public Economics.            

     99-1   van Egteren, Henry & Smith, R. Todd.  Strict liability      
            versus negligence in the harmonization of environmental     
            regulation.  41p.                                           
     99-2   LaCasse, Chantale, Ponsati, Clara & Barham, Vicky.  Chores. 
            48p.                                                        

     UNIVERSIDAD DE ALICANTE.  Dept. de Fundamentos de Analisis Econ.   

     9826   Alepuz, Dolores, Sempere-Monerris, Jose J. & Urbano, Amparo.
             Duopoly price communication.  43p.                         
     9825   Amoros, Pablo & Moreno, Bernardo.  Implementation of optimal
            contracts under adverse selection.  46p.                    
     9902   Chattopadhyay, Subir.  Information, stabilization and       
            welfare: the case of sunspots.  21p.                        
     9901   Gonzalez-Maestre, Miguel & Lopez-Cunat, Javier.  Delegation 
            and endogenous mergers in oligopoly.  25p.                  
     9903   Gonzalez-Maestre, Miguel & Lopez-Cunat, Javier.  Delegation 
            and mergers in oligopoly.  11p.                             
     9827   Urbano, Amparo & Vila, Jose E.  Unmediated communication in 
            repeated games with imperfect monitoring.  47p.             
     9911   Alba-Ramirez, Alfonso & Collado, Lola.  Do wives' earnings  
            contribute to reduce income inequality?: evidence from      
            Spain.  22p.                                                
     9913   Diaz, Antonia & Fauli-Oller, Ramon.  Competition and        
            privatization.  23p.                                        
     9904   Garella, Paolo G. & Peitz, Martin.  Intermediation can      
            replace certification.  46p.                                
     9910   Laruelle, Annick.  On the choice of a power index.  29p.    
     9905   Moner-Colonques, Rafael, Sempere-Monerris, Jose J. & Urbano,
            Amparo.  Strategic policy and international economic        
            integration.  39p.                                          
     9906   Peitz, Martin.  The circular road revisited: uniqueness and 
            supermodularity.  26p.                                      
     9908   Pena, Daniel & Sanchez, Ismael.  Properties of predictors in
            overdifferenced nearly nonstationary autoregression.  27p.  
     9909   Puy, M. Socorro.  Equilibrium in mobility and redistribution
            models.  32p.                                               
     9912   Tomas, Josefa.  Regret theory and the provision of binary   
            public goods: experimental analysis.  24p.                  
     9907   Urbano, Amparo & Vila, Jose E.  Unmediated talk under       
            incomplete information.  45p.                               
     9916   Alcalde, Jose & Romero-Medina, Antonio.  Sequential         
            decisions in the college admissions problem.  13p.          
     9915   Chattopadhyay, Subir & Gottardi, Piero.  Stochastic         
            overlapping generations models, market structure and        
            optimality.  43p.                                           
     9914   Halevy, Yoram & Feltkamp, Vincent.  A Bayesian approach to  
            uncertainty aversion.  25p.                                 

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

     103    Caraveli, Helen.  Testing the intensification hypothesis for
            EU agriculture.  20p.                                       
     102    Magoula, Theocharoula & Prodromidis, Kyprianos P.  Education
            and economic growth in Greece.  18p.                        
     104    Petrakos, George, Caraveli, Helen & Mardakis, Prodromos.    
            Recent developments in the Greek system of urban centres.   
            21p.                                                        
     106    Drandakis, Emmanuel.  The envelope theorem in its proper    
            perspective.  34p.                                          
     107    Vlassis, Minas.  "Efficient bargains" as a wage-compliance  
            device in industries with market power.  32p.               
     108    Baltas, Nicholas C. & Xepapadeas, Anastasios.  Accelerating 
            vehicle replacement and environmental protection: the case  
            of passenger cars in Greece.  20p.                          
     110    Kollintzas, Tryphon, Philippopoulos, Apostolis &            
            Vassillatos, Vanghelis.  Is tax policy coordination         
            necessary?.  30p.                                           
     109    Kollintzas, Tryphon, Philippopoulos, Apostolis & Vasillatos,
            Vanghelis.  Normative aspects of fiscal policy in an        
            economic union: a theoretical review.  15p.                 
     111    Lianos, Theodore P.  Illegal migrants to Greece and their   
            choice of destination.  21p.                                

     UNIVERSITY OF AUCKLAND.  Department of Economics.                  

     173    Bandyopadhyay, Debasis.  Distribution of human capital and  
            economic growth.  58p.                                      
     194    Bandyopadhyay, Debasis.  Industry premium: what do we know  
            and what the New Zealand data say.  38p.                    
     192    Bandyopadhyay, Debasis & Basu, Parantap.  Redistributive tax
            and growth in a model with discrete occupational choice.    
            37p.                                                        
     193    Phillips, Peter C.B.  Discrete Fourier transforms of        
            fractional processes.  57p.                                 
     184    Phillips, Peter C.B.  New unit root asymptotics in the      
            presence of deterministic trends.  25p.                     

     AUSTRALIAN NATIONAL UNIVERSITY.  Faculty of Economics.             

     350    Benge, Matt & Wells, Graeme.  Growth in a small open        
            economy.  27p.                                              
     351    Che, Tuong Nhu, Kompas, Tom & Vousden, Neil.                
            Liberalisation, incentives and Vietnamese agricultural      
            growth.  37p.                                               
     347    Dennis, Richard.  Instability under nomimal GDP targeting:  
            the role of expectations.  32p.                             
     354    Francis, Johanna & Kompas, Tom.  Uzawa's transformation and 
            optimal control problems with variable rates of time        
            preference.  19p.                                           
     352    Gower, Luke & Wilson, Dominic.  Non-performing assets and   
            capital accumulation.  20p.                                 
     358    Harrison, Mark & Kline, J. Jude.  Quantity competition with 
            access fees.  27p.                                          
     359    Jones, Chris.  Subsidising private contributions to a pure  
            public good: a diagrammatic analysis.  17p.                 
     357    Kline, J. Jude.  Carrot and stick games.  34p.              
     355    Kline, J. Jude.  Heterogeneous or homogeneous quantity      
            competition.  8p.                                           
     356    Kline, J. Jude.  Research joint ventures and the cost       
            paradox.  15p.                                              
     349    Mailath, George J. & Morris, Stephen.  Repeated games with  
            imperfect private monitoring: notes on a coordination       
            perspective.  27p.                                          
     348    Menezes, Flavio M., Monteiro, Paulo K. & Temimi, Akram.     
            Discrete public goods with incomplete information.  16p.    
     364    Benge, Matt.  Marginal excess burden of taxes on capital and
            on labour income in a small open economy.  33p.             
     361    Dennis, Richard.  Conditionally optimal rules in a simple   
            closed economy model under discretion and commitment.  42p. 
     362    Dennis, Richard.  Optimal and conditionally optimal         
            targeting rules for small open economies.  42p.             
     363    Menezes, Flavio.  Auctions of identical objects with        
            single-unit demands: a survey.  26p.                        
     366    Menezes, Flavio & Monteiro, Paulo K.  Synergies and price   
            trends in sequential auctions.  18p.                        
     365    Pitchford, Rohan & Snyder, Christopher M.  Property rights, 
            incomplete contracts, and social harm.  43p.                
     367    Tyers, Rod & Yang, Yongzheng.  European unemployment U.S.   
            wages and the Asian emergence.  31p.                        
     369    Benge, Matt.  Gains to Australian shareholders from         
            perturbations in corporate financial policy.  30p.          
     371    Benge, Matt.  The Ralph Report depreciation proposals and   
            investment neutrality.  23p.                                
     370    Crossley, Thomas F., McDonald, James T. & Worswick,         
            Christopher.  Immigrant benefit receipt: sensitivity to the 
            choice of survey years and model specification.  21p.       
     368    Grant, Simon & Quiggin, John.  The risk premium for equity: 
            implications for Clinton's proposed diversification of the  
            Social Security trust fund.  12p.                           
     373    Jones, Chris.  Miller's equilibrium and uncertainty.  17p.  
     372    Yang, Yongzheng & Tyers, Rod.  The Asian recession and      
            northern labour markets.  29p.                              
     376    Browning, Martin & Crossley, Thomas.  Shocks, stocks and    
            socks: consumption smoothing and the replacement of durables
            during an unemployment spell.  46p.                         
     375    Grant, Simon, Kajii, Atsushi & Polak, Ben.  Third down with 
            a yard to go: the Dixit-Skeath conundrum on equilibria in   
            competitive games.  9p.                                     
     374    McCalman, Phillip.  Reaping what you sow: an empirical      
            analysis of international patent harmonization.  49p.       

     BANCO DE ESPANA.  Servicio de Estudios.                            

     9825   Andres, Javier, Hernando, Ignacio & Lopez-Salido, J. David. 
            The long-run effect of permanent disinflations.  55p.       
     9902   Andres, J., Lopez-Salido, J.D. & Valles, J.  The liquidity  
            effect in a small open economy model.  45p.                 
     9903   Bover, Olympia & Gomez, Ramon.  Another look at unemployment
            duration: long-term unemployment and exit to a permanent    
            job.  74p.                                                  
     9908   Bover, Olympia & Arellano, Manuel.  Learning about migration
            decisions from the migrants: an exercise in endogenous      
            sampling & complementary datasets.  52p.                    
     9909   Bover, Olympia & Velilla, Pilar.  Migrations in Spain:      
            historical background and current trends.  47p.             
     9905   Mazon, Cristina & Nunez, Soledad.  Of the optimality of     
            Treasury bond auctions: the Spanish case.  46p.             
     9906   Watson, Nadine.  Bank lending channel evidence at the firm  
            level.  40p.                                                
     9911   Alvarez, Luis J. & Matea, M. de los Llanos.  Underlying     
            inflation measures in Spain.  46p.                          
     9913   Alberola, Enrique & Marques, Jose Manuel.  On the relevance 
            and nature of regional inflation differentials: the case of 
            Spain.  41p.                                                
     9912   Kaiser, Regina & Maravall, Agustin.  Estimation of the      
            business cycle: a modified Hodrick-Prescott filter.  41p.   
     9915   Kaiser, Regina & Maravall, Agustin.  Seasonal outliers in   
            time series.  34p.                                          
     9914   Maravall, Agustin.  An application of TRAMO and SEATS:      
            report for the seasonal adjustment research appraisal       
            project.  142p.                                             
     9916   Alberola, Enrique & Lopez, Humberto.  Internal and external 
            exchange rate equilibrium in a cointegration framework: an  
            application to the Spanish peseta.  30p.                    
     9918   Kaiser, Regina & Maravall, Agustin.  Short-term and         
            long-term trends, seasonal adjustment, and the business     
            cycle.  126p.                                               
     9917   Vinals, Jose & Valles, Javier.  On the real effects of      
            monetary policy.  43p.                                      
     9919   Andres, J., Lopez-Salido, J.D. & Valles, J.  Intertemporal  
            substitution and the liquidity effect in a sticky price     
            model.  38p.                                                


                                                           PAGE   5


     BANK OF JAPAN.  Institute for Monetary & Economic Studies.         

     9814   Daigo, Satoshi, Yonetani, Tatsuya & Marumo, Kouhei.  Banks' 
            recapitalization policies in Japan and their impact on the  
            market.  27p.                                               
     9815   Diewert, W.E. & Fox, Kevin J.  The productivity paradox and 
            mismeasurement of economic activity.  26p.                  
     9816   Jones, Charles I.  The Japanese economy in a world of       
            knowledge-based growth.  30p.                               
     99-1   Kitamura, Yukinobu & Kobayakawa, Shuji.  Risk accumulation, 
            contagion and the rules for bank failure.  46p.             
     9817   Kosters, Marvin H.  Wages and job trends in the U.S. labor  
            market: an assessment.  45p.                                
     99-2   Muranaga, Jun & Shimuzu, Tokiko.  Effect of trading halt    
            system on market functioning: simulation analysis of market 
            behavior with artificial shutdow.  55p.                     
     9818   Nishimura, Kiyohiko G., Watanabe, Toshiaki & Iwatsubo,      
            Kentaro.  Effects of the developments of knowledge-based    
            economy on asset price movements : theory & evidence in the 
            Japanese.  35p.                                             
     99-3   Shimuzu, Tokiko & Ui, Takashi.  Contagious expectations and 
            malfunctions of markets: some lessons from Japanese         
            financial institution failures of 1.  21p.                  
     99-4   Bryan, Michael F. & Cecchetti, Stephen G.  The monthly      
            measurement of core inflation in Japan.  36p.               
     99-6   Fujiki, Hiroshi, Green, Edward J. & Yamazaki, Akira.        
            Sharing the risk of settlement failure: synopsis.  13p.     
     99-7   Marquis, Milton H.  The joint and several effects of        
            liquidity constraints, financing constraints, and financial 
            intermediation on the .  27p.                               
     99-5   Mio, Hitoshi & Higo, Masahiro.  Underlying inflation and the
            distribution of price changes: evidence from the Japanese   
            trimmed mean CPI.  45p.                                     
     99-8   Milhaupt, Curtis J.  Japan's experience with deposit        
            insurance and failing banks: implications for financial     
            regulatory design?.  42p.                                   
     9912   Gordon, Robert J.  Monetary policy in the age of information
            technology.  48p.                                           
     9911   Jorgenson, Dale W. & Yip, Eric.  Whatever happened to       
            productivity investment and growth in the G-7?.  75p.       
     9910   Kuroda, Masahiro & Nomura, Koji.  An explanation of the     
            productivity paradox: total factor productivity spillover   
            through capital accumulation.  44p.                         
     9915   Muranaga, Jun & Shimizu, Tokiko.  Expectations and market   
            microstructure when liquidity is lost.  17p.                
     9916   Muranaga, Jun.  Dynamics of market liquidity of Japanese    
            stocks: an analysis of tick-by-tick data of the Tokyo Stock 
            Exchange.  32p.                                             
     9914   Muranaga, Jun & Shimizu, Tokiko.  Market microstructure and 
            market liquidity.  36p.                                     
     9913   Stock, James H.  Monetary policy in a changing economy:     
            indicators, rules, and the shift towards intangible output. 
            36p.                                                        




                                                           PAGE   6

     99-9   Varian, Hal R.  Markets for information goods.  17p.        
     9919   Kobayakawa, Shuji & Nakamura, Hisashi.  A theoretical       
            analysis of narrow banking proposals.  25p.                 
     9918   Kuwayama, Patricia H.  Postal banking in the United States  
            and Japan: a comparative analysis.  47p.                    
     9920   Okina, Kunio.  Monetary policy under zero inflation: a      
            response to criticisms and questions regarding monetary     
            policy.  31p.                                               
     9921   Shiratsuka, Shigenori.  Asset price fluctuations and price  
            indices.  37p.                                              
     9917   Yonetani, Tatsuya & Oda, Nobuyuki.  Usefulness of market    
            information and accounting information from the perspective 
            of bank supervisory policy.  25p.                           
     9922   Higo, Masahiro.  What can inflation expectations and core   
            inflation tell us about monetary policy in Japan?.  23p.    
     9926   Bhala, Raj.  International dimensions of Japanese insolvency
            law: a contextual approach.  85p.                           
     9927   Gordon, Robert J.  The Boskin Commission Report and its     
            aftermath.  35p.                                            
     9924   Higo, Masahiro & Nakada, Sachiko K.  What determines the    
            relation between output gap and inflation?: an international
            comparison of inflation expectatio.  34p.                   
     9928   McKinnon, Ronald I., Meltzer, Allan H. & Okina, Kunio.      
            Monetary policy under zero inflation: a response to         
            criticisms and questions regarding monetary policy: comments
            an.  22p.                                                   
     9925   Roberds, William.  The incentive effects of settlement      
            systems: a comparison of gross settlement, net settlement,  
            and gross settlement.  36p.                                 
     9923   Shiratsuka, Shigenori.  Measurement errors in the Japanese  
            consumer price index.  54p.                                 

     UNIVERSIDAD AUTONOMA DE BARCELONA.  Dept. de Economia et de Emet.  

     424    Brandts, Jordi & Charness, Gary.  Hot vs. cold: sequential  
            responses and preference stability in experimental games.   
            11p.                                                        
     425    Brandts, Jordi & Sola, Carles.  Reference points and        
            negative reciprocity in simple sequential games.  28p.      
     422    Burguet, Roberto.  Auction theory: a guided tour.  49p.     
     423    Garcia-Alonso, Maria del Carmen.  The role of technology    
            security in a model of trade with horizontal                
            differentiation.  29p.                                      

     UNIV. DE BARCELONA.  Div. de Ciencies Juridiques, Econ i Socials.  

     44     Alvarez-Albelo, Carmen & Diaz-Serrano, Lluis.  Human capital
            and consumption over the life cycle: a synthesis.  37p.     
     42     Conesa, Juan Carlos & Carriga, Carlos.  Reforma del sistema 
            de seguridad social y adquisicion de formacion.  31p.       
     36     Conesa, Juan Carlos & Krueger, Dirk.  Voting on social      
            security reform with heterogeneous agents.  33p.            
     37     Fontanals, Hortensia, Galisteo, Merche & Gomez del Valle,   
            Lourdes.  Dynamics of the term structure of interest rates: 
            a two-factor model.  16p.                                   



                                                           PAGE   7

     33     Guillen-Estany, Montserrat & Bolance-Losilla, Catalina.  An 
            application to the transformed kernel density estimation to 
            labor earnings in Spain.  43p.                              
     32     Manresa, Antonio.  Can we identify Walrasian allocations?.  
            22p.                                                        
     41     Sole Olle, Albert.  The effects of tax deductability on the 
            mix of property taxes and user charges: an empirical        
            analysis of the Spanis.  38p.                               
     31     Vaya, Esther, Lopez-Bazo, Enrique & Artis, Manuel.  Growth  
            convergence and (why not?) regional externalities.  22p.    

     BEN GURION UNIVERSITY.  Monaster Center for Economic Research.     

     98-9   Arnon, A. & Spivak, A.  Economic aspects of the Oslo peace  
            process: the disappointing consequences of an incomplete    
            agreement.  17p.                                            
     98-6   Gradstein, M.  An economic rationale for public education:  
            the value of commitment.  14p.                              
     98-7   Gradstein, M.  Optimal taxation and fiscal constitution.    
            21p.                                                        
     98-5   Gutierrez, A.P., Regev, U. & Zilberman, D.  Examining God's 
            utility function: why nature knows how to manage renewable  
            resources but humans might not.  21p.                       
     99-1   Avishur, Arieh & Tsoref, Yigal.  On the predictability of   
            kibbutz financial distress: a principal component analysis  
            with bootstrap confidence...  70p.                          
     99-4   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.  The       
            bargaining set of a large economy with differential         
            information.  16p.                                          
     99-3   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.  Fine value
            allocations in large exchange economies with differential   
            information.  22p.                                          
     99-5   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.  On the    
            core of an economy with differential information.  11p.     
     99-2   Tsur, Yacov & Zemel, Amos.  Sustainable water policies and  
            the optimal development of desalination technologies.  31p. 
     99-6   Hochman, Oded, Pines, David & Ruffle, Bradley.  The         
            agglomeration of clubs.  32p.                               
     99-8   Moldovanu, Benny & Sela, Aner.  The optimal allocation of   
            prizes in contests.  21p.                                   
     99-7   Perez-Castrillo, David & Wettstein, David.  Bidding for the 
            surplus: a non-cooperative approach to the Shapley value.   
            20p.                                                        
     9911   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.            
            Information advantage in Cournot oligopoly.  15p.           
     99-9   Gradstein, Mark & Justman, Moshe.  Public schooling, social 
            capital and growth.  16p.                                   
     9910   Kaplan, Todd R. & Ruffle, Bradley J.  The self-serving bias 
            and beliefs about rationality.  29p.                        
     9912   Preminger, Arie & Shalit, Haim.  Normality is a necessary   
            and sufficient condition for OLS to yield robust results.   
            6p.                                                         

     BOSTON UNIVERSITY.  Dept. of Economics-Industry Studies Program.   

     96     Ackerberg, Daniel A. & Botticini, Maristella.  Endogenous   
            matching and the empirical determinants of contract form.   
            39p.                                                        
                                                           PAGE   8

     94     Ma, Ching-to Albert & McGuire, Thomas G.  Network incentives
            in managed health care.  41p.                               
     95     Neeman, Zvika.  The effectiveness of simple auctions.  28p. 
     93     Neeman, Zvika.  The relevance of private information in     
            mechanism design.  32p.                                     
     92     Neeman, Zvika & Orosel, Gerhard O.  Herding and the winner's
            curse in markets with sequential bids.  31p.                

     BROWN UNIVERSITY.  Department of Economics.                        

     9817   Andrews, Donald W.K. & Buchinsky, Moshe.  Evaluation of a   
            three-step method of choosing the number of bootstrap       
            repetitions.  36p.                                          
     9821   Black, Duncan & Henderson, Vernon.  Urban evolution in the  
            USA.  50p.                                                  
     98-5   Blouin, R. Max & Serrano, Roberto.  A decentralized market  
            with common values uncertainty: non-steady states.  30p.    
     9816   Chinoy, Sajjid, Krishna, Pravin & Mitra, Devashish.  Trade  
            liberalization and labor demand elasticities: evidence from 
            Turkey.  20p.                                               
     9811   Cho, In-Koo, Jewell, Kevin & Vohra, Rajiv.  Auctions and    
            coalitions: joint bidding by budget constrained buyers.     
            38p.                                                        
     9823   Dall'Olio, Andrea & Vohra, Rajiv.  Efficiency in an economy 
            with fixed costs: a sequential approach.  19p.              
     9810   Elul, Ronel.  Collateral, credit-history and the financial  
            decelerator.  17p.                                          
     98-8   Fan, C. Simon & Grossman, Herschel I.  Incentives and       
            corruption in Chinese economic reform.  14p.                
     9813   Feldman, Allan M.  Value of life, value of time, and        
            constant relative risk aversion utility.  17p.              
     9814   Galor, Oded & Moav, Omer.  Ability biased technological     
            transition, wage inequality, and economic growth.  47p.     
     98-3   Galor, Oded & Weil, David N.  Population, technology, and   
            growth: from the Malthusian regime to the demographic       
            transition.  50p.                                           
     98-6   Grossman, Herschel I.  Producers and predators.  23p.       
     9812   Grossman, Herschel I. & Mendoza, Juan.  Scarcity, abundance,
            and appropriative conflict.  18p.                           
     9822   Henderson, Vernon.  Evidence on scale economies and         
            agglomeration.  34p.                                        
     9818   Kalemli-Ozcan, Sebnem, Ryder, Harl E. & Weil, David N.      
            Mortality decline, human capital investment, and economic   
            growth.  25p.                                               
     9820   Krebs, Tom.  Information, financial integration, and        
            international capital flows.  30p.                          
     9819   Krebs, Tom & Maloney, William F.  Quitting and labor        
            turnover: microeconomic evidence and macroeconomic          
            consequences.  37p.                                         
     9815   Krishna, Pravin.  Market structure, demand and endogenous   
            firm efficiency.  14p.                                      
     98-9   Lancaster, Tony.  The incidental parameter problem since    
            1948.  27p.                                                 
     9825   Malliaris, A.G. & Stein, Jerome L.  Methodological issues in
            asset pricing: random walk or chaotic dynamics?.  37p.      



                                                           PAGE   9

     98-4   Pitt, Mark M., et al.  Credit programs for the poor and the 
            nutritional status of children in rural Bangladesh.  43p.   
     9824   Ray, Debraj & Vohra, Rajiv.  Coalitional power and public   
            goods.  27p.                                                
     98-2   Ray, Debraj & Vohra, Rajiv.  A theory of endogenous         
            coalition structures.  54p.                                 
     98-7   Stein, Jerome L. & Paladino, Giovanna.  Exchange rate       
            misalignments and crises.  39p.                             

     STATE UNIVERSITY OF NEW YORK AT BUFFALO.  Department of Economics. 

     9901   Bhattacharya, Joydeep & Kudoh, Noritaka.  Tight money       
            policies and inflation revisited.  25p.                     

     UNIVERSITY OF CALIFORNIA-BERKELEY.  Department of Economics.       

     264    Blank, Rebecca M., Card, David & Robins, Philip K.          
            Financial incentives for increasing work and income among   
            low-income families.  62p.                                  
     263    Craine, Roger.  Exchange rate regime credibility, the agency
            cost of capital and devaluation.  42p.                      
     262    Edlin, Aaron S.  Per-mile premiums for auto insurance.  66p.
     265    Hall, Bronwyn H.  Innovation and market value.  34p.        
     267    Eissa, Nada & Hoynes, Hilary W.  The earned income tax      
            credit and the labor supply of married couples.  68p.       
     268    Hall, Bronwyn H. & Ham, Rose Marie.  The patent paradox     
            revisited: determinants of patenting in the U.S.            
            semiconductor industry, 1980-94.  44p.                      
     266    Scotchmer, Suzanne.  Delegating investment in a common-value
            project.  14p.                                              
     269    David, Paul A., Hall, Bronwyn H. & Toole, Andrew A.  Is     
            public R & D a complement or substitute for private R & D?: 
            a review of the econometric evidence.  66p.                 

     UNIV. OF CALIFORNIA-BERKELEY. Ctr. for Int'l. & Devel. Econ. Res.  

     104    Bardhan, Pranab & Mookherjee, Dilip.  Expenditure           
            decentralization and the delivery of public services in     
            developing countries.  69p.                                 
     105    Geraats, Petra M.  Inflation and its variation: an          
            alternative explanation.  24p.                              
     106    della Paolera, Gerardo & Taylor, Alan M.  Internal versus   
            external convertibility and developing country financial    
            crises: lessons from the Argentine Bank ba.  34p.           
     108    Bardhan, Pranab & Ghatak, Maitreesh.  Inequality, market    
            imperfections, and collective action problems.  22p.        
     107    Obstfeld, Maurice & Rogoff, Kenneth.  New directions for    
            stochastic open economy models.  45p.                       

     UNIVERSITY OF CALIFORNIA-SAN DIEGO.  Department of Economics.      

     9820   Bansak, Cynthia & Raphael, Steven.  Immigration reform and  
            the earnings of Latino workers: do employer sanctions cause 
            discrimination?.  37p.                                      




                                                           PAGE  10

     9822   Costa-Gomes, Miguel, Crawford, Vincent & Brostea, Bruno.    
            Cognition and behavior in normal-form games: an experimental
            study.  71p.                                                
     9818   Granger, Clive W.J. & Hyung, Namwon.  Introduction to M-M   
            processes.  41p.                                            
     9825   Granger, Clive W.J., Hyung, Namwon & Jeon, Yongil.  Spurious
            regressions with stationary series.  11p.                   
     9827   Li, Li & Engle, Robert F.  Macroeconomic announcements and  
            volatility of Treasury futures.  61p.                       
     9824   Ramey, Valerie A. & Shapiro, Matthew D.  Displaced capital. 
            56p.                                                        
     9819   Raphael, Steven & Winter-Ebmer, Rudolf.  Identifying the    
            effect of unemployment on crime.  32p.                      
     9821   Sanchez, Ismael.  Testing for unit roots with prediction    
            errors.  31p.                                               
     9817   Sobel, Joel.  Manipulation of preferences and relative      
            utilitarianism.  18p.                                       
     9826   Squires, Dale, et al.  Where the land meets the sea:        
            integrated sustainable fisheries development and artisanal  
            fishing.  32p.                                              
     9823   Starr, Ross M.  Monetizing trade: a tatonnement example.    
            14p.                                                        
     9905   Cho, Young-Hye & Engle, Robert F.  Modeling the impacts of  
            market activity on bid-ask spreads in the option market.    
            41p.                                                        
     9902   Den Haan, Wouter J., Ramey, Garey & Watson, Joel.           
            Contract-theoretic approaches to wages and displacement.    
            27p.                                                        
     9913   Den Haan, Wouter J., Ramey, Garey & Watson, Joel.  Job      
            destruction and the experiences of displaced workers.  48p. 
     9907   Den Haan, Wouter J., Ramey, Garey & Watson, Joel.  Liquidity
            flows and fragility of business enterprises.  49p.          
     9915   Dufour, Alfonso & Engle, Robert F.  Time and the price      
            impact of a trade.  43p.                                    
     9911   Friedberg, Leora.  The impact of technological change on    
            older workers: evidence from data on computers.  42p.       
     9912   Granger, Clive W.J. & Sin, Chor-Yiu.  Modelling the absolute
            returns of different stock indices: exploring the           
            forecastability of an alternative measure .  31p.           
     9914   Granger, Clive W.J. & Hyung, Namwon.  Occasional structural 
            breaks and long memory.  38p.                               
     9903   Hamilton, James D.  A parametric approach to flexible       
            nonlinear inference.  91p.                                  
     9904   Kim, Tae-Hwan & White, Halbert.  James-Stein type estimators
            in large samples with application to the least absolute     
            deviation estimator.  31p.                                  
     9909   Ramey, Garey & Watson, Joel.  Conditioning institutions and 
            renegotiation.  47p.                                        
     9906   Rauch, James E. & Evans, Peter B.  Bureaucratic structure   
            and bureaucratic performance in less developed countries.   
            43p.                                                        
     9901   Riker, David.  Educational attainment as a determinant of   
            international trade flows.  34p.                            
     9910   Segal, Uzi & Sobel, Joel.  Tit for tat: foundations of      
            preferences for reciprocity in strategic settings.  28p.    



                                                           PAGE  11

     9908   Watson, Joel.  Starting small and commitment.  23p.         

     UNIVERSITY OF CALIFORNIA-SANTA BARBARA.  Department of Economics.  

     26/98  Bohn, Henning.  Social security and demographic uncertainty:
            the risk sharing properties of alternative policies.  41p.  
     1/99   Moon, Hyungsik R. & Phillips, Peter C.B.  Estimation of     
            autoregressive roots near unity using panel data.  62p.     
     2/99   Sengupta, Jati K.  Stochastic growth in Schumpeterian       
            dynamics.  21p.                                             
     27/98  Trejo, Stephen J.  Immigrant participation in low-wage labor
            markets.  30p.                                              
     4/99   Garratt, Rod & Marshall, John M.  Equity risk, conversion   
            risk, and the demand for insurance.  24p.                   
     3/99   Garratt, Rod & Marshall, John M.  Exclusions and demand for 
            insurance.  14p.                                            
     8/99   Kelly, David L. & Kolstad, Charles D.  Solving infinite     
            horizon growth models with an environmental sector.  23p.   
     5/99   Mitchell, Glenn T.  Evolution of networks and the diffusion 
            of new technology.  27p.                                    
     7/99   Montgomery, Robert & Stuart, Charles.  Sex and fiscal       
            desire.  34p.                                               
     6/99   Moon, Hyungsik R. & Phillips, Peter C.B.  Maximum likelihood
            estimation in panels with incidental trends.  30p.          
     11/99  Deacon, Robert T.  The political economy of environment -   
            development relationships: a preliminary framework.  31p.   
     12/99  Garratt, Rod & Keister, Todd.  A characterization of robust 
            sunspot equilibria.  10p.                                   
     10/99  Kelly, David, Kolstad, Charles D. & Mitchell, Glenn.        
            Adjustment costs from environmental change induced by       
            incomplete information and learning.  43p.                  
     9/99   Phillips, Peter C.B., Moon, Hyungsik R. & Xiao, Zhijie.  How
            to estimate autoregressive roots near unity.  40p.          

     UNIVERSITY OF CAMBRIDGE.  Department of Applied Economics.         

     9821   Bond, Shaun A. & Satchell, Steve E.  Statistical properties 
            of the sample semi-variance with applications to emerging   
            markets data.  30p.                                         
     9823   Garratt, Anthony, et al.  A structural cointegrating VAR    
            approach to macroeconometric modelling.  31p.               
     9825   Garratt, Anthony, Psaradakis, Zacharias & Sola, Martin.  An 
            empirical reassessment of target-zone nonlinearities.  14p. 
     9904   Haque, Nadeem U., Pesaran, M.H. & Sharma, Sunil.  Neglected 
            heterogeneity and dynamics in cross-country savings         
            regressions.  36p.                                          
     9826   Hsiao, Cheng, Pesaran, M.H. & Tahmiscioglu, A.K.  Maximum   
            likelihood estimation of fixed effects dynamic panel data   
            models covering short time periods.  46p.                   
     9903   Kohler, Jonathan, Luhmann, Hans-Jochen & Wadeskog, Anders.  
            Expenditure on environmentally sensitive goods and services:
            household spending in Europe.  21p.                         
     9902   Nyblom, Jukka & Harvey, Andrew.  Tests of common stochastic 
            trends.  33p.                                               




                                                           PAGE  12

     9901   Pollitt, Michael G.  A survey of the liberalisation of      
            public enterprises in the U.K. since 1979.  45p.            
     9822   Robertson, Donald & Wright, Stephen.  The good news and the 
            bad news about long-run stock market returns.  41p.         
     9824   Sutherland, Holly.  A citizen's pension.  47p.              
     9820   Wright, Stephen.  Monetary policy, nominal interest rates,  
            and long horizon inflation uncertainty.  38p.               
     9910   Granger, Clive W.J. & Pesaran, M. Hashem.  Economic and     
            statistical measures of forecast accuracy.  34p.            
     9906   Kapetanios, G.  Model selection in threshold models.  34p.  
     9905   Kapetanios, G.  Threshold models for trended time series.   
            34p.                                                        
     9907   Pesaran, M.H., Shin, Y. & Smith, R.J.  Bounds testing       
            approaches to the analysis of long-run relationships.  40p. 
     9908   Sciubba, Emanuela.  Asymmetric information and survival in  
            financial markets.  43p.                                    
     9909   Sciubba, Emanuela.  The evolution of portfolio rules and the
            capital asset pricing model.  36p.                          
     9916   Giovannetti, Emanuele.  On the evolution of regional        
            asymmetries.  38p.                                          
     9911   Knight, John & Satchell, Stephen.  Testing for infinite     
            order stochastic dominance with applications to finance,    
            risk, and income inequality.  16p.                          
     9915   Solomou, Solomos & Wu, Weike.  Weather effects on European  
            agricultural output.  33p.                                  
     9913   Spagnolo, Giancarlo.  Issue linkage, delegation, and        
            international policy cooperation.  15p.                     
     9914   Spagnolo, Giancarlo.  On interdependent supergames:         
            multimarket contact, concavity, and collusion.  16p.        
     9912   Weeks, Melvyn & Orme, Chris.  The statistical relationship  
            between bivariate and multinomial choice models.  15p.      

     BANK OF CANADA.  Technical Reports.                                

     84     Bolder, David & Streliski, David.  Yield curve modelling at 
            the Bank of Canada.  56p.                                   
     85     Srour, Gabriel.  Inflation targeting under uncertainty.     
            31p.                                                        
     86     Muller, Philippe & Zelmer, Mark.  Greater transparency in   
            monetary policy: impact on financial markets.  30p.         

     UNIVERSITY OF CANTERBURY.  Department of Economics.                

     9901   Cecchetti, Stephen G., Mark, Nelson C. & Sonora, Robert.    
            Price level convergence among United States cities: lessons 
            for the European Central Bank.  27p.                        
     9902   Guender, Alfred V.  Nominal income targeting vs. strict     
            inflation targeting: a comparison.  24p.                    
     9903   Guender, Alfred V. & McCaw, Sharon.  The inflationary bias  
            in a model of the open economy.  7p.                        
     9905   Clark, Jeremy.  The effects of altruism on the efficiency of
            public good mechanisms.  33p.                               
     9904   Clark, Jeremy.  In search of ethical preferences in private 
            markets: the demand for Chilean wine in Canada from 1962 to 
            1994.  28p.                                                 



                                                           PAGE  13

     9906   Clark, Jeremy.  House money effects in public good          
            experiments.  16p.                                          
     9907   Clark, Jeremy.  Recognizing large donations to public goods:
            an experimental test.  23p.                                 
     9908   Haug, Alfred A.  Money demand functions: data span and      
            tests.  22p.                                                
     9909   Woodfield, Alan.  Augmenting reference pricing of           
            pharmaceuticals with strategic cross-product agreements: the
            case of statins and AC.  36p.                               

     UNIVERSIDAD CARLOS III de MADRID.  Dept. de Economia.              

     9805   Alba-Ramirez, Alfonso.  The effect of unemployment          
            compensation on the re-employment probability in Spain.     
            41p.                                                        
     9739   Alba-Ramirez, Alfonso.  Labor force participation and       
            transitions of older workers in Spain.  34p.                
     9785   Alba-Ramirez, Alfonso.  Re-employment probabilities of young
            workers in Spain.  35p.                                     
     9754   Arguedas, Carmen & Kranich, Laurence.  Allocating           
            environmental costs among heterogeneous sources: the linear 
            damage equivalent mechanism.  40p.                          
     9771   Azariadis, Costas & Galasso, Vincenzo.  Fiscal constitutions
            and the determinacy of intergenerational transfers.  41p.   
     9722   Ben-El-Mechaiekh, H., et al.  A fixed point theorem without 
            convexity.  16p.                                            
     9829   Bester, Helmut & Petrakis, Emmanuel.  Wages and productivity
            growth in a competitive industry.  21p.                     
     9755   Boldrin, Michele, Jimenez-Martin, Sergi & Peracchi, Franco. 
            Social security and retirement in Spain.  77p.              
     9847   Castillo, Sonsoles, Dolado, Juan J. & Jimeno, Juan F.  The  
            fall in consumption from being unemployed in Portugal and   
            Spain.  19p.                                                
     9846   Castillo, Sonsoles, Dolado, Juan J. & Jimeno, Juan F.  A    
            tale of two neighbour economies: labour market dynamics in  
            Portugal and Spain.  39p.                                   
     9788   Castro Rodriguez, Fidel.  Wright tariffs in the Spanish     
            electricity industry: the case of the residential           
            consumption.  28p.                                          
     9852   Cechlarova, Katarina & Romero-Medina, Antonio.  Stability in
            one-sided matching markets.  17p.                           
     9793   Collado, M. Dolores.  Estimating binary choice models from  
            cohort data.  18p.                                          
     9736   Corcho, Paula & Ferreira, Jose Luis.  Credible equilibria in
            non-finite games and in games without perfect recall.  21p. 
     9828   de Frutos, M. Angeles.  Asymmetric price-benefit auctions.  
            32p.                                                        
     9734   de Frutos, Maria Angeles & Rosenthal, Robert W.  On some    
            myths about sequenced common-value auctions.  24p.          
     9767   del Rio, Coral & Ruiz Castillo, Javier.  Demographic trends 
            and living standards: the case of Spain during the 1980s.   
            37p.                                                        
     9742   del Rio, Coral & Ruiz-Castillo, Javier.  An inequality      
            decomposition method which minimizes equivalence scales     
            `contamination' problems.  33p.                             



                                                           PAGE  14

     9738   del Rio, Coral & Ruiz-Castillo, Javier.  Intermediate       
            inequality and welfare: the case of Spain, 1980-81 to       
            1990-91.  30p.                                              
     9758   del Rio, Coral & Ruiz-Castillo, Javier.  TIPs for poverty   
            analysis: the case of Spain, 1980-81 to 1990-91.  44p.      
     9756   Dhillon, Amrita & Petrakis, Emmanuel.  Bertrand competition,
            employment rationing and collusion through centralized      
            negotiations.  19p.                                         
     9740   Dolado, Juan J., Gonzalez-Paramo, Jose M. & Vinals, Jose.  A
            cost-benefit analysis of going from low inflation to price  
            stability in Spain.  54p.                                   
     9753   Dolado, Juan J., Lopez-Salido, J. David & Vega, Juan Luis.  
            Spanish unemployment and inflation persistence: are there   
            Phillips trade-offs?.  33p.                                 
     9757   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.  The       
            asymptotic nucleolus of large monopolistic games.  23p.     
     9735   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.  The core  
            of a class of non-atomic games which arise in economic      
            applications.  17p.                                         
     9871   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.  Existence 
            and equivalence of competitive and core allocations in large
            exchange economies with differential informa.  14p.         
     9894   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.  On the    
            core of an economy with differential information.  10p.     
     9891   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.  Rational  
            expectations equilibria and the ex-post core of an economy  
            with asymmetric information.  16p.                          
     9721   Florig, Michael.  On the irreducibility of a competitive    
            economy.  9p.                                               
     9813   Garcia, Jaume & Jimenez-Martin, Sergi.  Claim, offer and    
            information in wage bargaining.  25p.                       
     9761   Hauk, Esther.  Discriminating to learn to discriminate.     
            39p.                                                        
     9760   Hauk, Esther.  Leaving the prison: a discussion of the      
            iterated prisoner's dilemma under preferential selection.   
            26p.                                                        
     9830   Hauk, Esther & Saez Marti, Maria.  On the cultural          
            transmission of corruption.  18p.                           
     9769   Hauk, Esther & Hurkens, Sjaak.  Secret information          
            acquisition in Cournot markets.  27p.                       
     9773   Herguera, Inigo, Kujal, Praveen & Petrakis, Emmanuel.       
            Non-credible policies and leap-frogging in a vertically     
            differentiated industry.  27p.                              
     9806   Jerison, Michael.  Nonrepresentative representative         
            consumers.  24p.                                            
     9717   Kranich, Laurence.  Equalizing opportunities through public 
            education when innate abilities are unobservable.  22p.     
     9853   Martinez-Granado, Maite.  Self-employment and labor market  
            transition: a multiple state model.  29p.                   
     9842   Martinez-Granado, Maite & Ruiz-Castillo, Javier.  The       
            decisions of Spanish youth: a cross-section study.  34p.    
     9770   Mauleon, Ignacio & Risueno, Marta.  A joint estimation of   
            the production function and the depreciation rate of the    
            capital stock: a disaggregated analy.  35p.                 




                                                           PAGE  15

     9837   Michelitsch, Roland & Kujal, Praveen.  Monopoly power and   
            terms of trade.  28p.                                       
     9745   Moraga, Jose Luis & Petrakis, Emmanuel.  Promoting sales    
            through coupons in oligopoly under imperfect price          
            information.  26p.                                          
     9746   Moraga Gonzalez, Jose Luis.  Quality uncertainty and        
            informative advertising.  28p.                              
     9836   Petrakis, Emmanuel.  Diffusion of abatement technologies in 
            a differentiated industry.  16p.                            
     9783   Petrakis, Emmanuel & Theotoky, Joanna Poyago.  Environmental
            impact of technology policy: R & D subsidies versus R & D   
            cooperation.  29p.                                          
     9869   Petrongolo, Barbara & San-Segundo, Maria J.  Staying-on at  
            school at sixteen: the impact of labor market conditions in 
            Spain.  27p.                                                
     9826   Romero-Medina, Antonio.  More on preference and freedom.    
            15p.                                                        
     9862   Romero-Medina, Antonio.  "Sex-equal" stable matching.  18p. 
     9774   Ruiz-Castillo, Javier.  Income mobility, permutations, and  
            rerankings.  43p.                                           
     9737   Ruiz-Castillo, Javier.  A simplified model for social       
            welfare analysis: an application to Spain, 1973-74 to       
            1980-81.  33p.                                              
     9884   San Juan Mesonada, Carlos.  Capital data for productivity   
            measurement.  13p.                                          
     9845   San Juan, Carlos & Decimavilla, Esther.  Productivity       
            comparisons: the European Union agriculture.  47p.          
     9848   Santos, Manuel S.  Accuracy of numerical solutions using the
            Euler equation residuals.  34p.                             
     9762   Torrubias, Juan A.C. & Romera, Rosario.  On robust partial  
            least squares (PLS) methods.  19p.                          
     9927   Aguirregabaria, Victor & Alonso-Borrego, Cesar.  Labor      
            contracts and flexibility: evidence from a labor market     
            reform in Spain.  49p.                                      
     9914   Alcalde, Jose & Romero-Medina, Antonio.  Sequential         
            decisions in the college admissions problem.  11p.          
     9913   Alcalde, Jose & Romero-Medina, Antonio.  Simple mechanisms  
            to implement the core of college admissions problems.  13p. 
     9918   Alvarez, Maria Jose & Rivera, Jaime.  An integrated typology
            of green manufacturing profiles.  31p.                      
     9902   Arguedas, Carmen.  Environmental standards and costly       
            monitoring.  33p.                                           
     9917   Arora, Ashish, Fosfuri, Andrea & Gambardella, Alfonso.      
            Markets for technology (why do we see them, why don't we see
            more of them, and why should we care?).  36p.               
     9922   Bajo, Oscar & Salas, Rafael.  Inequality foundations of     
            concentration measures: an application to the Hannah Kay    
            indices.  13p.                                              
     9907   Balbas, A., Longarela, I.R. & Lucia, J.  How does financial 
            theory apply to catastrophe-linked derivatives?: an         
            empirical test of several pricing models.  27p.             
     9925   de Frutos, M. Angeles & Pechlivanos, Lambros.  Second-price 
            common-value auctions under multidimensional uncertainty.   
            13p.                                                        




                                                           PAGE  16

     9920   Desmet, Klaus.  A perfect foresight model of regional       
            development and skill specialization.  26p.                 
     9921   Desmet, Klaus.  A simple dynamic model of uneven development
            and overtaking.  27p.                                       
     9911   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.  The       
            bargaining set of a large economy with differential         
            information.  16p.                                          
     9916   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.  Fine value
            allocations in large exchange economies with differential   
            information.  22p.                                          
     9888   Garcia Diaz, Anton & Kujal, Praveen.  List pricing and pure 
            strategy outcomes in a Bertrand Edgeworth duopoly.  23p.    
     9881   Guell-Rotllan, Maia & Petrongolo, Barbara.  The transition  
            of workers from temporary to permanent employment: the      
            Spanish case.  22p.                                         
     9910   Kaiser, Regina & Maravall, Agustin.  Short-term and         
            long-term trends, seasonal adjustment and the business      
            cycle: the Hodrick-Prescott filter revisited.  113p.        
     9912   Marmol, Francesc, Escribano, Alvaro & Aparicio, Felipe M.  A
            new instrumental variable approach for estimation and       
            testing in fractional cointegrating regressions.  28p.      
     9904   Martinez-Granado, Maite.  Testing labour supply and hours   
            constraints.  34p.                                          
     9898   Martinez-Ros, Ester.  Explaining the decisions to carry out 
            product and process innovation: the Spanish case.  29p.     
     9908   Mora, Ricardo.  Third-generation Mexican American workers in
            the South-West: a case of wage discrimination?.  26p.       
     9909   Mora, Ricardo.  Wage inequality and structural change.  19p.
     9899   O'Brien, Patrick K. & Prados de la Escosura, Leandro.       
            Balance sheets for the acquisition, retention and loss of   
            European empires overseas.  38p.                            
     9897   Ortega, Jaime.  Power and the economics of organization.    
            30p.                                                        
     9903   Profit, Stefan & Sperlich, Stefan.  Non-uniformity of job   
            matching in a transition economy: a non-parametric analysis 
            for the Czech Republic.  37p.                               
     9889   Roses, Joan R.  The choice of technology in the             
            Mediterranean Basin: some evidence from the Spanish,        
            Italian, British and U.S. cott.  36p.                       
     9905   Salas, Rafael.  Multilevel interterritorial convergence and 
            additive multidimensional inequality decomposition.  23p.   
     9893   Samartin, Margarita.  Bank runs, suspension of              
            convertibility versus deposit insurance.  35p.              
     9892   Samartin, Margarita.  The role of demand deposit in risk    
            sharing.  22p.                                              
     9880   Sanchez Leon, Pablo.  Market, institutions and cultures:    
            patterns of wine consumption in Europe, 1850-1950.  31p.    
     9915   Simpson, James.  Cooperation and cooperatives in Southern   
            European wine production: the nature of successful          
            institutional innovatio.  37p.                              
     9896   Tsay, Ruey S., Pena, Daniel & Pankratz, Alan E.  Outliers in
            multivariate time series.  20p.                             
     9930   Brusco, Sandro & Lopomo, Guiseppe.  Collusion via signalling
            in open ascending auctions with multiple objects and        
            complementarities.  28p.                                    



                                                           PAGE  17

     9931   Pascual, Lorenzo, Romo, Juan & Ruiz, Esther.  Effects of    
            parameter estimation on prediction densities: a bootstrap   
            approach.  32p.                                             
     9933   Samartin, Margarita.  Costly financial crises.  21p.        
     9928   Simpson, James.  The agrarian crisis in late 19th century   
            Spain: a reconsideration.  25p.                             
     9936   Boldrin, Michele & Alonso, Ana Montes.  Intergenerational   
            transfer institutions: public education and public pensions.
             45p.                                                       
     9951   Burgos, Albert.  Learning to deal with risk: what does      
            reinforcement learning tell us about risk attitudes.  16p.  
     9932   Moreno, Diego & Wooders, John.  Prices, delay, and the      
            dynamics of trade.  65p.                                    
     9943   Perea, Andres, Jansen, Mathijs & Vermeulen, Dries.  Player  
            splitting in extensive form games.  22p.                    
     9944   Perea, Andres & Swinkels, Jeroen.  Selling information in   
            extensive form games.  29p.                                 
     9957   Balmaseda, Manuel, Dolado, Juan J. & Lopez-Salido, David.   
            The dynamic effects of shocks to labour markets: evidence   
            from OECD countries.  30p.                                  
     9955   Boldrin, Michele, et al.  The future of pension systems in  
            Europe: a reappraisal.  51p.                                
     9956   Dolado, Juan J., Felgueroso, Florentino & Jimeno, Juan F.   
            The causes of youth labour market problems in Spain:        
            crowding-out, institutions, of technology shifts?.  34p.    
     9962   Celentani, Marco & Conde Ruiz, Jose I.  The political       
            economy of international private insurance and fiscal       
            policy.  33p.                                               
     9963   Garner, Thesia I., Ruiz-Castillo, Javier & Sastre, Mercedes.
             The influence of demographics and household specific price 
            indices on expenditure based inequality and welfare: a c.   
            51p.                                                        
     9971   Herrendorf, Berthold, Valentiny, Akos & Waldman, Robert.    
            Ruling out multiplicity and indeterminacy: the role of      
            heterogeneity.  21p.                                        
     9966   Kujal, Praveen & Cabral, Celia C.  The role of commitment   
            and the choice of trade policy instruments.  28p.           
     9959   Osuna, Victoria.  Job flow dynamics in segmented labor      
            markets: the effects of reduction in firing costs in Spain. 
            29p.                                                        

     CENTRE D'ETUDES PROS. D'ECON MATH APPLIQUEES A LA PLANIFICATION.   

     9813   Boyer, Robert.  An essay on the political and institutional 
            deficits of the Euro: the unanticipated fallout of the EMU. 
            125p.                                                       
     9814   Boyer, Robert.  Le lien salaire/emploi dans la theorie de la
            regulation: autant de relations que de configurations       
            institutionnelle.  65p.                                     
     9817   Dimaria, Charles-Henri & Le Van, Cuong.  Debt, corruption, R
            & D and growth in developing countries.  34p.               
     9816   Laffargue, Jean-Pierre & Saint-Martin, Anne.  Un modele     
            d'equilibre general calculable de la France: Julien 4.  53p.
     9818   Petit, Pascal.  Formes structurelles et regimes de          
            croissance de l'apres fordisme.  28p.                       



                                                           PAGE  18

     9903   Aubert, Ludovic & Laskar, Daniel.  Private information: an  
            argument for a fixed exchange rate system.  38p.            
     9901   Boucekkine, Raouf, del Rio, Fernando & Licandro, Omar.      
            Endogenous vs. exogenously driven fluctuations in vintage   
            capital models.  25p.                                       
     9820   Boyer, Robert.  Le politique a l'ere de la mondialisation et
            de la finance: le point sur quelques recherches             
            regulationnistes.  74p.                                     
     9822   Boyer, Robert & Juillard, Michel.  The contemporary Japanese
            crisis and the transformations of the wage labor nexus.     
            70p.                                                        
     9902   Cheron, A. & Langot, F.  Labor-market search, welfare       
            ranking and the real wage over the business cycle.  21p.    
     9904   Cohen, Daniel.  Welfare differentials across French and U.S.
            labor markets: a general equilibrium interpretation.  40p.  
     9821   Marakulin, Valeri M.  Production equilibria in vector       
            lattices with unordered preferences: an approach using      
            finite-dimensional...  29p.                                 
     9819   Petit, Pascal & Soete, Luc.  Globalization in search of a   
            future: the contemporary challenge to national policies.    
            23p.                                                        
     9908   Aghion, Philippe, Caroli, Eve & Garcia-Penalosa, Cecilia.   
            Inequality and economic growth: the perspective of the new  
            growth theories.  87p.                                      
     9907   Boyer, Robert.  Etat, marche et developpement: une nouvelle 
            synthese pour le XXI siecle?.  21p.                         
     9905   Cheron, A. & Langot, F.  The Phillips and Beveridge curves  
            revisited.  25p.                                            
     9910   Collard, Fabrice, et al.  A structural model for U.S.       
            aggregate job flows.  28p.                                  
     9906   Gourieroux, Christian & Jasiak, Joanna.  Nonlinear          
            innovations and impulse responses.  38p.                    
     9909   Petit, Pascal.  Les aleas de la croissance dans une economie
            fondee sur le savoir.  35p.                                 

     COLUMBIA UNIVERSITY. Grad. School of Business-Paine Webber Series. 

     9804   Broadie, Mark & Glasserman, Paul.  A stochastic mesh method 
            for pricing high-dimensional American options.  37p.        
     9803   Geanakoplos, John, Mitchell, Olivia S. & Zeldes, Stephen P..
             Would a privatized social security system really pay a     
            higher rate of return?.  32p.                               
     9802   Heal, Geoffrey.  Markets and sustainability.  10p.          
     9801   Heal, Geoffrey & Kristrom, Bengt.  National income and the  
            environment.  22p.                                          
     9808   Amir, Eli & Sougiannis, Theodore.  Analysts' interpretation 
            and investors' valuation of tax carryforwards.  47p.        
     9806   Edwards, Franklin R. & Liew, Jimmy.  Managed commodity      
            funds.  43p.                                                
     9805   Geanakoplos, John, Mitchell, Olivia S. & Zeldes, Stephen P. 
            Social security money's worth.  69p.                        
     9809   Glasserman, Paul & Zhao, Xiaoliang.  Arbitrage-free         
            discretization of lognormal forward LIBOR and swap rate     
            models.  33p.                                               




                                                           PAGE  19

     9811   Heal, Geoffrey.  New strategies for the provision of global 
            public goods: learning from international environmental     
            challenges.  32p.                                           
     9812   Heal, Geoffrey.  Valuing ecosystem services.  10p.          
     9810   Heal, Geoffrey.  Valuing the future: economic theory and    
            sustainability.  35p.                                       
     9807   Rausser, Gordon C. & Small, Arthur A.  Bioprospecting with  
            patent races.  17p.                                         
     9904   Chang, Ganlin & Sundaresan, Suresh M.  Asset prices and     
            default-free term structure in an equilibrium model of      
            default.  49p.                                              
     9902   Chen, Fangruo.  Market segmentation, advanced demand        
            information and supply chain performance.  31p.             
     9901   Jones, Charles M. & Lipson, Marc L.  Execution costs of     
            institutional equity orders.  27p.                          
     9903   Jones, Charles M. & Lipson, Marc L.  Sixteenths: direct     
            evidence on institutional execution costs.  37p.            

     UNIVERSITY OF COPENHAGEN.  Centre for Industrial Economics.        

     9901   Krishna, Kala & Tranaes, Torben.  Efficient competition with
            small numbers, with applications to privatisation and       
            mergers.  26p.                                              
     9902   Martin, Stephen & Scott, John T.  The nature of innovation  
            market failure and the design of public support for private 
            innovation.  28p.                                           
     9903   Monteiro, Paulo K. & Moraga-Gonzalez, Jose.  "We sold a     
            million copies": the role of advertising past sales.  25p.  
     9904   Schultz, Christian.  Export cartels and domestic markets.   
            24p.                                                        
     9905   Dierker, Egbert, Dierker, Hildegard & Grodal, Birgit.       
            Incomplete markets and the firm.  28p.                      
     9907   Amir, Rabah.  R & D returns, market structure and research  
            joint ventures.  20p.                                       
     9906   Amir, Madjid, Amir, Rabah & Jin, Jim.  Sequencing R & D     
            decisions in a two-period duopoly with spillovers.  26p.    
     9908   Macho-Stadler, Ines & Perez-Castrillo, David.  Auditing with
            signals.  29p.                                              
     9910   Arbatskaya, Maria, Hviid, Morten & Shaffer, Greg.  On the   
            incidence and variety of low-price guarantees.  38p.        
     9909   Arocena, Pablo & Price, Catherine W.  Generating efficiency:
            economic and environmental regulation of public and private 
            electricity generators in Spain.  28p.                      
     9911   Martin, Stephen.  Kreps and Scheinkman with product         
            differentiation: an expository note.  68p.                  
     9912   Perez-Castrillo, David & Riedinger, Nicolas.  Auditing cost 
            overrun claims.  30p.                                       
     9913   Chanel, Olivier & Vincent, Stephanie.  The declining price  
            effect in sequential auctions: what theory does not predict.
             35p.                                                       
     9914   Jacobsen, Hans J., Jensen, Mogens & Sloth, Birgitte.        
            Evolutionary learning in signalling games.  34p.            

     UNIVERSITY OF COPENHAGEN.  Institute of Economics.                 

     9819   Ejrnaes, Mette & Persson, Karl G.  Market integration and   
            transport costs in France 1825-1903: a threshold error      
            correction approach to the law of one.  33p.                
                                                           PAGE  20

     9818   Hansen, Claus T.  Monetary stabilization policy in a dynamic
            stochastic menu cost model.  21p.                           
     9821   Hougaard, Jens L. & Tvede, Mich.  The Kalai-Smorodinsky     
            solution: a generalization to nonconvex n-person bargaining.
             5p.                                                        
     9820   Hougaard, Jens L. & Tvede, Mich.  Nonconvex n-person        
            bargaining: efficient maxmin solutions.  18p.               
     9817   Schultz, Christian.  Monetary policy, delegation and        
            polarization.  31p.                                         
     9901   Jacobsen, Hans Jorgen, Jensen, Mogens & Sloth, Birgitte.    
            Evolutionary learning in signalling games.  31p.            
     9822   Kongsted, Hans Christian.  An I(2) cointegration analysis of
            small-country import price determination.  27p.             
     9824   Pedersen, Torben M.  How long are business cycles?:         
            reconsidering fluctuations and growth.  44p.                
     9823   Pedersen, Torben M. & Elmer, Anne Marie.  International     
            evidence on the connection between business cycles and      
            economic growth.  24p.                                      
     9903   Dierker, Egbert, Dierker, Hildegard & Grodal, Birgit.       
            Incomplete markets and the firm.  28p.                      
     9904   Ellickson, Bryan, et al.  Clubs and the market.  43p.       
     9905   Ellickson, Bryan, et al.  Clubs and the market: large finite
            economies.  43p.                                            
     9902   Jebjerg, Lars.  Debt as a regulatory constraint.  15p.      
     9911   Albaek, Karsten, van Audenrode, Marc & Browning, Martin.    
            Employment protection and the consequences for displaced    
            workers: a comparison of Belgium and Denmark.  33p.         
     9907   Blundell, Richard, Browning, Martin & Crawford, Ian.        
            Nonparametric Engel curves and revealed preference.  59p.   
     9908   Browning, Martin.  Modelling commodity demands and labour   
            supply with m-demands.  30p.                                
     9909   Chiappori, Pierre-Andre, Ekeland, Ivar & Browning, Martin.  
            Local disaggregation of demand and excess demand functions: 
            a new question.  11p.                                       
     9906   Hansen, Claus T. & Tranaes, Torben.  Optimal workfare in    
            unemployment insurance.  24p.                               
     9913   Juselius, Katarina.  Models and relations in economics and  
            econometrics.  37p.                                         
     9912   Juselius, Katarina & Gennari, Elena.  Dynamic modeling and  
            structural shift: monetary transmission mechanisms in Italy 
            before and after EMS.  33p.                                 
     9910   Browning, Martin, Hansen, Lars Peter & Heckman, James J.    
            Micro data and general equilibrium models.  163p.           
     9914   Jebjerg, Lars.  Credit market structure and product market  
            competition.  30p.                                          
     9915   Albaek, Karsten & Hansen, Henrik.  The rise in Danish       
            unemployment: reallocation or mismatch?.  21p.              
     9919   Albaek, Karsten.  An evaluation of paid leave: participation
            and labor market tightness.  36p.                           
     9917   Gyntelberg, Jacob & Kyhl, Soren.  Ownership structure as a  
            signal of managerial ability.  32p.                         
     9918   Jebjerg, Lars & Kyhl, Soren.  The choice between bank debt  
            and equity.  27p.                                           
     9921   Keiding, Hans & Peleg, Bezalel.  Representation of          
            effectivity functions in coalition proof Nash equilibrium: a
            complete characterization.  24p.                            


                                                           PAGE  21

     9920   Keiding, Hans & Peleg, Bezalel.  Stable voting procedures   
            for committees in economic environments.  27p.              
     9916   Kyhl, Soren.  Enforcement of contracts when markets are     
            incomplete.  24p.                                           

     CORNELL UNIVERSITY.  Center for Analytic Economics.                

     9805   Alvarez, Fernando & Veracierto, Marcelo.  Search,           
            self-insurance, and job security provisions.  54p.          
     9707   Basu, Kaushik.  Paradoxes of game theory.  18p.             
     9606r  Basu, Kaushik & Foster, James E.  On measuring literacy.    
            30p.                                                        
     9708   Bhattacharya, Rabi & Majumdar, Mukul.  Convergence to       
            equilibrium of random dynamical systems generated by I.I.D. 
            monotone maps, with applications to econ.  38p.             
     9714   Garratt, Rod, et al.  Equilibrium prices when the sunspot   
            variable is continuous.  29p.                               
     9801   Ghiglino, Christian & Shell, Karl.  The economic effects of 
            restrictions on government budget deficits.  31p.           
     9802   Keister, Todd.  Nominal taxation and excess volatility.     
            30p.                                                        
     9803   Kiefer, Nicholas M., Vogelsang, Timothy J. & Bunzel, Helle. 
            Simple robust testing of regression hypotheses.  19p.       
     9807   Lee, Jin & Hong, Yongmiao.  Testing for serial correlation  
            of unknown form using wavelet methods.  30p.                
     9804   Majumdar, Mukul & Rotar, Vladimir.  Equilibrium prices in a 
            random exchange economy with dependent agents.  32p.        
     9806   Majumdar, Mukul & Ossella, Illaria.  Identifying leading    
            sectors that accelerate the optiomal growth rate: a         
            computational approach.  26p.                               
     9712   Ng, Serena & Vogelsang, Timothy J.  Analysis of vector      
            autoregressions in the presence of shifts in mean.  32p.    
     9709   Tomljanovich, Marc & Vogelsang, Timothy J.  Are U.S. regions
            converging?: using new econometric methods to examine old   
            issues.  22p.                                               
     9711   Vogelsang, Timothy J.  Testing for a shift in trend when    
            serial correlation is of unknown form.  55p.                
     9713   Zambrano, Eduardo & Vogelsang, Timothy J.  A simple test of 
            the law of demand for the United States.  20p.              

     COWLES FOUNDATION FOR RESEARCH IN ECONOMICS AT YALE UNIVERSITY.    

     1195   Allen, Franklin & Morris, Stephen.  Finance applications of 
            game theory.  45p.                                          
     1193   Geanakoplos, John, Mitchell, Olivia S. & Zeldes, Stephen P. 
            Social security money's worth.  69p.                        
     1194   Geanakoplos, John, Mitchell, Olivia S. & Zeldes, Stephen P. 
            Would a privatized social security system really pay a      
            higher rate of return?.  32p.                               
     1199   Moscarini, Guiseppe & Ottaviani, Marco.  Price competition  
            for an informed buyer.  42p.                                
     1200   Nordhaus, William D.  The health of nations: Irving Fisher  
            and the contributions of improved longevity to living       
            standards.  33p.                                            




                                                           PAGE  22

     1201   Nordhaus, William D. & Boyer, Joseph G.  Requiem for Kyoto: 
            an economic analysis of the Kyoto Protocol.  50p.           
     1203   Baliga, Sandeep & Morris, Stephen.  Cheap talk and          
            coordination with payoff uncertainty.  19p.                 
     1206   Bergemann, Dirk & Valimaki, Juuso.  Dynamic common agency.  
            61p.                                                        
     1207   Grant, Simon, Kajii, Atsushi & Polak, Ben.  Decomposable    
            choice under uncertainty.  33p.                             
     1208   Grant, Simon, Kajii, Atsushi & Polak, Ben.  Preference for  
            information and dynamic consistency.  18p.                  
     1205   Linton, Oliver, et al.  Estimating yield curves by kernel   
            smoothing methods.  46p.                                    
     1204   Morris, Stephen & Shin, Hyun Song.  A theory of the onset of
            currency attacks.  31p.                                     
     1202   Shubik, Martin.  Fiat money and the efficient financing of  
            the float, production and consumption part I: the float.    
            13p.                                                        
     1209   Bewley, Truman.  Work motivation.  31p.                     
     1210   Herings, P.J.J. & Polemarchakis, H.M.  Pareto improving     
            price regulation when the asset market is incomplete.  43p. 
     1211   Morris, Stephen & Skiadis, Costis.  Rationalizable trade.   
            14p.                                                        
     1212   Shiller, Robert.  Measuring bubble expectations and investor
            confidence.  24p.                                           
     1214   Bergemann, Dirk & Valimaki, Juuso.  Experimentation in      
            markets.  37p.                                              
     1216   den Haan, Wouter J., Ramey, Garey & Watson, Joel.           
            Contract-theoretic approaches to wages and displacement.    
            27p.                                                        
     1215   den Haan, Wouter J., Ramey, Garey & Watson, Joel.  Liquidity
            flows and fragility of business enterprises.  50p.          
     1213   Fagin, Ronald, et al.  The hierarchical approach to modeling
            knowledge and common knowledge.  30p.                       
     1225   Ramey, Garey & Watson, Joel.  Conditioning institutions and 
            renegotiation.  39p.                                        
     1218   Rauch, James E. & Watson, Joel.  Starting small in an       
            unfamiliar environment.  33p.                               
     1217   Watson, Joel.  Starting small and commitment.  23p.         
     1226   Bergemann, Dirk & Valimaki, Juuso.  Entry and innovation in 
            vertically differentiated markets.  51p.                    
     1227   Powers, Michael R. & Shubik, Martin.  Toward a theory of    
            reinsurance and retrocession.  47p.                         
     1230   Andrews, Donald W.K.  Higher-order improvements of a        
            computationally attractive k-step bootstrap for extremum    
            estimators.  72p.                                           
     1229   Andrews, Donald W.K.  Testing when a parameter is on the    
            boundary of the maintained hypothesis.  48p.                
     1228   Hall, George & Rust, John.  An empirical model of inventory 
            investment by durable commodity intermediaries.  45p.       
     1233   Andrews, Donald W.K. & Lu, Biao.  Consistent model and      
            moment selection criteria for GMM estimation with           
            application to dynamic panel data models.  43p.             
     1239   Athanasoulis, Stefano G. & Shiller, Robert J.  World income 
            components: measuring and exploiting risk-sharing           
            opportunities.  41p.                                        



                                                           PAGE  23

     1240   Bergemann, Dirk & Valimaki, Juuso.  Stationary multi-choice 
            bandit problems.  12p.                                      
     1237   Bergemann, Dirk & Valimaki, Juuso.  Strategic buyers and    
            privately observed prices.  20p.                            
     1232   Kranton, Rachel E. & Minehart, Deborah F.  Competition for  
            goods in buyer-seller networks.  38p.                       
     1231   Kranton, Rachel E. & Minehart, Deborah F.  Vertical         
            integration, networks, and markets.  43p.                   
     1236   Mailath, George J. & Morris, Stephen.  Repeated games with  
            almost-public monitoring.  52p.                             
     1238   Mandelbrot, Benoit.  Survey of multifractality in finance.  
            26p.                                                        
     1242   Morris, Stephen.  Political correctness.  38p.              
     1241   Morris, Stephen & Shin, Hyun Song.  Coordination risk and   
            the price of debt.  28p.                                    
     1235   Ramey, Garey & Watson, Joel.  Contractual intermediaries.   
            38p.                                                        
     1234   Tobin, James.  On Minsky's agenda for reform.  5p.          

     (ENGLAND) CENTRE FOR ECONOMIC POLICY RESEARCH.                     

     2044   Anderson, James E. & Neary, J. Peter.  The mercantilist     
            index of trade policy.  32p.                                
     2034   Bams, Dennis & Schotman, Peter C.  Direct estimation of the 
            risk neutral factor dynamics of affine term structure       
            models.  36p.                                               
     2047   Bauer, Thomas, et al.  Portuguese migrants in the German    
            labour market: performance and self-selection.  34p.        
     2031   Bester, Helmut & Petrakis, Emmanuel.  Wages and productivity
            growth in a competitive industry.  21p.                     
     2048   Blomstrom, Magnus & Sjoholm, Frederik.  Technology, transfer
            and spillovers: does local participation with multinationals
            matter?.  16p.                                              
     2032   Bester, Helmut & Ritzberger, Klaus.  Strategic pricing,     
            signalling and costly information acquisition.  20p.        
     2027   Brocas, Isabelle & Carrillo, Juan D.  A theory of haste with
            applications to construction of nuclear power plants and    
            extinction of endangered species.  35p.                     
     2015   Burnside, Craig, Eichenbaum, Martin & Rebelo, Sergio.       
            Prospective deficits and the Asian currency crisis.  52p.   
     2040   Canova, Fabio & Ravn, Morten O.  Crossing the Rio Grande:   
            migrations and the welfare state.  36p.                     
     2028   Canova, Fabio & De Nicolo, Gianni.  Did you know that       
            monetary disturbances matter for business cycles            
            fluctuations?: evidence from the G-7 countries.  34p.       
     2017   Carrillo, Juan D.  Self-control, moderate consumption and   
            craving.  35p.                                              
     2021   Chemla, Gilles.  Hold-up, industrial relations and takeover 
            threats.  30p.                                              
     2030   Cornelli, Francesca & Felli, Leonardo.  Revenue efficiency  
            and change of control: the case of bankruptcy.  33p.        
     2026   Cornelli, Francesca & Li, David.  Risk arbitrage in         
            takeovers.  41p.                                            
     2041   Emons, Winand.  Product differentiation and price           
            competition between a safe and risky seller.  21p.          



                                                           PAGE  24

     2033   Faini, Riccardo, et al.  Importing jobs or exporting firms?:
            a close look at the labour market implications of Italy's   
            trade and foreign dir.  43p.                                
     2016   Giovannetti, Giorgia & Marimon, Ramon.  An EMU with         
            different transmission mechanisms.  43p.                    
     2029   Goldberg, Pinelopi K. & Verboven, Frank.  The evolution of  
            price dispersion in the European car market.  60p.          
     2050   Guiso, Luigi & Jappelli, Tullio.  Private transfers,        
            borrowing constraints, and the timing of home ownership.    
            36p.                                                        
     2043   Guiso, Luigi, Jappelli, Tullio & Pistaferri, Luigi.  What   
            determines earnings and employment risk?.  31p.             
     2020   Helpman, Elhanan.  The structure of foreign trade.  40p.    
     2042   Lanjouw, Jean O. & Schankerman, Mark.  Patent suits: do they
            distort research incentives?.  37p.                         
     2046   Lockwood, Ben.  Distributive politics and the costs of      
            centralization.  38p.                                       
     2036   McMillan, John & Woodruff, Christopher.  Inter-firm         
            relationships and informal credit in Vietnam.  41p.         
     2022   Remolana, Eli M., Wickens, Michael R. & Gong, Frank F.  What
            was the market's view of U.K. monetary policy?: estimating  
            inflation risk and expected inflation w/ indexed bo.  42p.  
     1996   Restoy, Fernando & Rodriguez, Rosa.  Can fundamentals       
            explain cross-country correlations of asset returns?.  20p. 
     2045   Schnitzer, Monika.  Bank competition and enterprise         
            restructuring in transition economies.  25p.                
     2049   Schnitzer, Monika & Wambach, Achim.  Inside versus outside  
            financing and product market competition.  29p.             
     1989   Svensson, Lars E.O.  Open-economy inflation targeting.  30p.
     1994   Vettas, Nikolaos.  Investment dynamics in markets with      
            endogenous demand.  55p.                                    
     2019   Vives, Xavier.  Information aggregation, strategic behaviour
            and efficiency in Cournot markets.  42p.                    
     2052   Aghion, Philippe & Schankerman, Mark.  Competition, entry   
            and the social returns to infrastructure in transition      
            economies.  24p.                                            
     2079   Bagliano, Fabio C., Favero, Carlo A. & Franco, Francesco.   
            Measuring monetary policy in open economies.  36p.          
     2085   Baldwin, Richard E.  The core-periphery model with          
            forward-looking expectations.  22p.                         
     2080   Bennett, John, Estrin, Saul & Hare, Paul.  Output and       
            exports in transition economies: a labour management model. 
            42p.                                                        
     2070   Burguet, Roberto, Caminal, Ramon & Matutes, Carmen.  Golden 
            cages for showy birds: optimal switching costs in labour    
            markets.  39p.                                              
     2064   Coudouel, Aline, Marnie, Sheila & Micklewright, John.       
            Targeting social assistance in a transition economy: the    
            Mahallas in Uzbekistan.  36p.                               
     2090   De Fraja, Gianni.  Equal opportunities in education: market 
            equilibrium and public policy.  34p.                        
     2067   De Grauwe, Paul, Dewachter, Hans & Aksoy, Yunus.  The       
            European Central Bank: decision rules and macroeconomic     
            performance.  31p.                                          




                                                           PAGE  25

     2065   de Jong, Frank.  Time-series and cross-section information  
            in affine term structure models.  43p.                      
     2058   Demertzis, Maria & Hughes Hallett, Andrew.  EMU and the     
            external value of the Euro.  38p.                           
     2077   Dustmann, Christian & Meghir, Costas.  Wages, experience and
            seniority.  50p.                                            
     2082   Galor, Oded & Weil, David N.  From Malthusian stagnation to 
            modern growth.  13p.                                        
     2078   Gandal, Neil, Kende, Michael & Rob, Rafael.  The dynamics of
            technological adoption in hardware/software systems: the    
            case of compact disc players.  32p.                         
     2073   Gordon, Robert J.  The aftermath of the 1922 ERM breakup:   
            was there a macroeconomic free lunch?.  71p.                
     2054   Gruber, Harald & Verboven, Frank.  The diffusion of mobile  
            telecommunications services in the European Union.  26p.    
     2072   Haaland, Jan I., et al.  What determines the economic       
            geography of Europe?.  33p.                                 
     2068   Hughes Hallett, Andrew & Piscitelli, Laura.  EMU in reality:
            the effect of a common monetary policy on economies with    
            different transmission mechanisms.  56p.                    
     2074   Huizinga, Harry & Eijffinger, Sylvester.  Should monetary   
            policy be adjusted frequently?.  30p.                       
     2081   Johnson, Simon, McMillan, John & Woodruff, Christopher.     
            Contract enforcement in transition.  51p.                   
     2087   Joskow, Paul & Tirole, Jean.  Transmission rights and market
            power on electric power networks, II: physical rights.  35p.
     2059   Kluve, Jochen, Lehmann, Hartmut & Schmidt, Christoph M.     
            Active labour market policies in Poland: human capital      
            enhancement, stigmatization or benefit churning?.  50p.     
     2089   Koskela, Erkki, Schob, Ronnie & Sinn, Hans-Werner.  Green   
            tax reform and competitiveness.  15p.                       
     2075   Loisel, Olivier & Martin, Philippe.  Coordination,          
            cooperation, contagion and currency crises.  25p.           
     2062   Maclennan, Duncan, Muellbauer, John & Stephens, Mark.       
            Asymmetries in housing and financial market institutions and
            European Monetary Union.  45p.                              
     2055   Melitz, Jacques.  English-language dominance, literature and
            welfare.  39p.                                              
     2063   Micklewright, John & Nagy, Gyula.  The informational value  
            of job search data and the dynamics of search behaviour:    
            evidence from Hungary.  21p.                                
     2061   Micklewright, John & Nagy, Gyula.  Living standards and     
            incentives in transition: the implications of unemployment  
            insurance exhaustion in Hungary.  28p.                      
     2053   Mortensen, Dale T. & Pissarides, Christopher A.  New        
            developments in models of search in the labour market.  81p.
     2056   Palomino, Frederic & Prat, Andrea.  Risk taking and optimal 
            contracts for money managers.  29p.                         
     2051   Persson, Torsten & Tabellini, Guido.  The size and scope of 
            government: comparative politics with rational politicians. 
            46p.                                                        
     2076   Rankin, Neil & Roffia, Barbara.  Maximum sustainable        
            government debt in the overlapping generations model.  28p. 
     2060   Repullo, Rafael & Suarez, Javier.  Entrepreneurial moral    
            hazard and bank monitoring: a model of the credit channel.  
            26p.                                                        


                                                           PAGE  26

     2057   Schmidt, Christoph M.  Persistence and the German           
            unemployment problem: empirical evidence on German labour   
            market flows.  56p.                                         
     2071   Scott, Andrew & Uhlig, Harald.  Fickle investors: an        
            impediment to growth?.  30p.                                
     2088   Sentana, Enrique.  Least square predictions and             
            mean-variance analysis.  25p.                               
     2084   Taylor, Mark.  Self-employment and windfall gains in        
            Britain: evidence from panel data.  37p.                    
     2086   Tirole, Jean.  Corporate governance.  47p.                  
     2069   Verboven, Frank.  The markets for gasoline and diesel cars  
            in Europe.  46p.                                            
     2056   Weigand, Jurgen & Audretsch, David B.  Does science make a  
            difference?: investment, finance and corporate governance in
            German industries.  32p.                                    
     2098   Boeri, Tito & Flinn, Christopher J.  Returns to mobility in 
            the transition to a market economy.  38p.                   
     2119   Boone, Laurence & Maurel, Mathilde.  An optimal currency    
            area perspective of the EU enlargement to the Central and   
            Eastern European countries.  14p.                           
     2103   Brusco, Sandro.  Short-termism as optimal investment policy.
             25p.                                                       
     2114   Cohen, Daniel.  Welfare differentials across French and U.S.
            labour markets: a general equilibrium interpretation.  40p. 
     2104   Fidrmuc, Jan.  Stochastic shocks and incentives for         
            (dis)integration.  19p.                                     
     2102   Forslid, Rikard.  Agglomeration with human physical capital:
            an analytically solvable case.  17p.                        
     2118   Forslid, Rikard & Wooton, Ian.  Comparative advantage and   
            the location of production.  22p.                           
     2092   Geroski, Paul A.  The growth of firms in theory and in      
            practice.  26p.                                             
     2100   Golder, Stefan M. & Straubhaar, Thomas.  Discrimination in  
            the Swiss labour market: an empirical analysis.  22p.       
     2091   Haskel, Jonathan & Slaughter, Matthew J.  Trade, technology 
            and U.K. wage inequality.  35p.                             
     2095   Hoekman, Bernard & Konan, Denise Eby.  Deep integration,    
            non-discrimination and Euro-Meditteranean free trade.  37p. 
     2096   Hoekman, Bernard & Anderson, Kym.  Developing country       
            agriculture and the new trade agenda.  23p.                 
     2106   Hunt, Jennifer.  Post-unification wage growth in East       
            Germany.  43p.                                              
     2105   Johnson, Simon, McMillan, John & Woodruff, Christopher.  Why
            do firms hide?: bribes and unofficial activity after        
            Communism.  57p.                                            
     2093   Joskow, Paul & Tirole, Jean.  Transmission rights and market
            power on electric power networks I: financial rights.  38p. 
     2108   Padoa Schioppa Kostoris, Fiorella.  Regional aspects of     
            unemployment in Europe and in Italy.  50p.                  
     2101   Rochet, Jean-Charles & Tirole, Jean.  Cooperation among     
            competitors: the economics of credit card associations.     
            26p.                                                        
     2110   Saggi, Kamal & Vettas, Nikolaos.  On intraband and          
            interbrand competition: the strategic role of fees and      
            royalties.  48p.                                            



                                                           PAGE  27

     2109   Saint-Paul, Gilles.  The political economy of employment    
            protection.  55p.                                           
     2099   Stevens, Margaret.  Should firms be required to pay for     
            vocational training?.  38p.                                 
     2122   Acemoglu, Daron & Robinson, James A.  Inefficienct          
            redistribution.  27p.                                       
     2130   Aghion, Philippe, Dewatripont, Mathias & Rey, Patrick.      
            Agendy costs, firm behaviour and the nature of competition. 
            40p.                                                        
     2083   Aghion, Philippe, Bacchetta, Philippe & Banerjee, Abhijit.  
            Capital markets and the instability of open economies.  54p.
     2128   Aghion, Philippe, Dewatripoint, Mathias & Rey, Patrick.     
            Competition, financial discipline, and growth.  49p.        
     2121   Altug, Sumru & Filiztekin, Alpay.  Estimates of the returns 
            to scale for U.S. manufacturing.  41p.                      
     2116   Beetsma, Roel M.W.J. & Jensen, Henrik.  Structural          
            convergence under reversible and irreversible monetary      
            unification.  27p.                                          
     2132   Bevelander, Pieter & Nielsen, Helena S.  Declining          
            employment assimilation of immigrants in Sweden: observed or
            unobserved characteristics?.  40p.                          
     2117   Bosello, Francesco, Carraro, Carlo & Galeotti, Marzio.  The 
            double dividend issue: modelling strategies and empirical   
            findings.  43p.                                             
     2125   Bulow, Jeremy & Klemperer, Paul.  The tobacco deal.  63p.   
     2113   de la Fuente, Angel & Domenech, Rafael.  The redistributive 
            effects of the EU budget: an analysis of some reflections on
            the agenda 2000 negotiations.  32p.                         
     2112   Diwan, Ishac & Hoekman, Bernard.  Competition,              
            complementarity and contagion in East Asia.  35p.           
     2131   Djankov, Simeon.  The enterprise isolation programme in     
            Romania.  23p.                                              
     2107   Fershtman, Chaim, Gandal, Neil & Markovich, Sarit.          
            Estimating the effects of tax reform in differentiated      
            product oligopolistic markets.  35p.                        
     2124   Hardouvelis, Gikas, Malliaropulos, Dimitrios & Priestley,   
            Richard.  EMU and European stock market integration.  66p.  
     2126   Hassler, John, et al.  Equilibrium unemployment insurance.  
            41p.                                                        
     2120   Kuo, Biing-Shen & Mikkola, Anne.  How sure are we about     
            PPP?: Panel evidence with the null of stationary real       
            exchange rates.  29p.                                       
     2123   Lane, Philip R.  Do international investment income flows   
            smooth income?.  31p.                                       
     2115   Lane, Philip R.  The new open economy macroeconomics: a     
            survey.  44p.                                               
     2127   Marimon, Ramon & Zilibotti, Fabrizio.  Employment and       
            distributional effects of restricting working time.  44p.   
     2135   Profit, Stefan.  Twin peaks in regional unemployment and    
            returns to scale in job matching in the Czech Republic.     
            33p.                                                        
     2094   Quah, Danny.  The weightless economy in economic            
            development.  45p.                                          
     2129   Raphael, Steven & Winter-Ebmer, Rudolf.  Identifying the    
            effect of unemployment on crime.  35p.                      



                                                           PAGE  28

     2097   Repullo, Rafael & Suarez, Javier.  Venture capital finance: 
            a security design approach.  43p.                           
     2136   Saint-Paul, Gilles.  Assessing the political viability of   
            labour market reform: the case of employment protection.    
            31p.                                                        
     2111   Sinn, Hans-Werner.  Inflation and welfare: comment on Robert
            Lucas.  12p.                                                
     2133   Valletti, Tommaso M. & Estache, Antonio.  The theory of     
            access pricing: an overview for infrastructure regulators.  
            47p.                                                        
     2134   Zalewska-Mitura, Anna.  Does market organization speed up   
            market stabilization?: first lessons from the Budapest and  
            Warsaw stock exchanges.  44p.                               
     2159   Abowd, John, Kramarz, Francis & Margolis, David N.  Minimum 
            wages and employment in France and the United States.  30p. 
     2155   Baldwin, Richard E., Braconier, Henrik & Forslid, Rikard.   
            Multinationals, endogenous growth and technological         
            spillovers: theory and evidence.  24p.                      
     2169   Bansal, Ravi & Dahlquist, Magnus.  The forward premium      
            puzzle: different tales from developed and emerging         
            economies.  46p.                                            
     2167   Beetsma, Roel M.W.J. & Jensen, Henrik.  Risk sharing and    
            moral hazard with a stability pact.  31p.                   
     2156   Bertocchi, Graziella & Spagat, Michael.  The politics of    
            cooptation.  14p.                                           
     2181   Buiter, Willem H.  The EMU and the NAMU: what is the case   
            for North American monetary union?.  40p.                   
     2138   Buiter, Willem H. & Sibert, Anne C.  UDROP: a small         
            contribution to the new international financial             
            architecture.  25p.                                         
     2171   Burnside, Craig, Eichenbaum, Martin & Rebelo, Sergio.       
            Hedging and financial fragility in fixed exchange rate      
            regimes.  58p.                                              
     2179   Chang, Won & Winters, L. Alan.  How regional blocs affect   
            excluded countries: the price effects of MERCOSUR.  57p.    
     2139   Clarida, Richard, Gali, Jordi & Gertler, Mark.  The science 
            of monetary policy: a new Keynesian perspective.  103p.     
     2160   Cornelli, Francesca & Goldreich, David.  Bookbuilding and   
            strategic allocation.  42p.                                 
     2158   Crepon, Bruno & Kramarz, Francis.  Working 40 hours or not  
            working 39: lessons from the 1981 mandatory reduction of    
            weekly working hours.  16p.                                 
     2166   Dahlquist, Magnus, Engstrom, Stefan & Soderlind, Paul.      
            Performance and characteristics of Swedish mutual funds,    
            1993-97.  38p.                                              
     2168   Eijffinger, Sylvester, Schaling, Eric & Verhagen, Willem.  A
            theory of interest rate stepping: inflation targeting in a  
            dynamic menu cost model.  48p.                              
     2178   Favero, Carlo A. & Rovelli, Riccardo.  Modelling and        
            identifying central banks' preferences.  29p.               
     2144   Francois, Joseph F. & Schuknecht, Ludger.  Trade in         
            financial services: procompetitive effects and growth       
            performance.  25p.                                          
     2164   Garibaldi, Pietro.  Search unemployment with advance notice.
             37p.                                                       



                                                           PAGE  29

     2146   Geroski, Paul A.  Models of technology diffusion.  47p.     
     2176   Grether, Jean-Marie, de Melo, Jaime & Olarreaga, Marcelo.   
            Who determines Mexican trade policy?.  36p.                 
     2141   Hamilton, Jonathan, Thisse, Jacques-Francois & Zenou, Yves. 
            Wage competition with heterogeneous workers and firms.  22p.
     2162   Hoem, Jan M., Prskawetz, Alexia & Neyer, Gerda.  Third      
            births in Austria: the effect on public policies,           
            educational attainment and labour-force attachment.  50p.   
     2182   Hunt, Jennifer.  Determinants of non-employment and         
            unemployment durations in East Germany.  37p.               
     2149   Irwin, Gregor & Vines, David.  A Krugman-Dooley-Sachs third 
            generation model of the Asian financial crisis.  22p.       
     2148   Jappelli, Tullio & Pistaferri, Luigi.  Consumption insurance
            or consumption mobility.  28p.                              
     2184   Jappelli, Tullio & Pagano, Marco.  Information sharing,     
            lending and defaults: cross-country evidence.  38p.         
     2170   Jeanne, Olivier.  Currency crises: a perspective on recent  
            theoretical developments.  43p.                             
     2142   Jeanne, Olivier & Rose, Andrew K.  Noise trading and        
            exchange rate regimes.  38p.                                
     2163   Klemperer, Paul.  Auction theory: a guide to the literature.
             88p.                                                       
     2173   Konrad, Kai A. & Skaperdas, Stergios.  The market for       
            protection and the origin of the state.  43p.               
     2180   Liew, Jimmy & Vassalou, Maria.  Can book-to-market, size and
            momentum be risk factors that predict economic growth?.     
            32p.                                                        
     2161   Longin, Francois M.  From value at risk to stress testing:  
            the extreme value approach.  52p.                           
     2154   Melitz, Jacques & Zumer, Frederic.  Interregional and       
            international risk sharing and lessons for EMU.  45p.       
     2151   Ottaviano, Gianmarco I.P. & Thisse, Jacques-Francois.       
            Monopolistic competition, multiproduct firms and optimum    
            product diversity.  27p.                                    
     2143   Rodriguez, Francisco & Rodrik, Dani.  Trade policy and      
            economic growth: a skeptic's guide to the cross-national    
            evidence.  79p.                                             
     2140   Rossi, Nicola, Toniolo, Gianni & Vecchi, Giovanni.  Is the  
            Kuznets curve still alive?: evidence from Italy's household 
            budgets, 1881-1961.  57p.                                   
     2153   Rubinstein, Yona & Tsiddon, Daniel.  Coping with            
            technological progress: the role of ability in making       
            inequality so persistent.  56p.                             
     2150   Sarno, Lucio & Taylor, Mark P.  The persistence of capital  
            inflows and the behaviour of stock prices in East Asia      
            emerging markets: some empirical .  45p.                    
     2172   Scott, Andrew.  Does tax smoothing imply smooth taxes?.     
            20p.                                                        
     2174   Sinn, Hans-Werner.  EU enlargement, migration and lessons   
            from German unification.  20p.                              
     2183   Soloaga, Isidro & Winters, L. Alan.  Regionalism in the     
            nineties: what effect on trade?.  28p.                      
     2137   Uhlig, Harald.  What are the effects of monetary policy on  
            output?: results from an agnostic identification procedure. 
            34p.                                                        



                                                           PAGE  30

     2165   Vettas, Nikolaos.  Location as a signal of quality.  53p.   
     2157   Wasmer, Etienne & Zenou, Yves.  Does space affect search?: a
            theory of local unemployment.  37p.                         
     2175   Werner-Sinn, Hans.  The crisis of Germany's pension         
            insurance system and how it can be resolved.  25p.          
     2177   Acemoglu, Daron & Pischke, Jorn-Steffen.  Minimum wages and 
            on-th-job training.  43p.                                   
     2200   Booth, Alison L, Zoega, Gylfi & Francesconi, Marco.         
            Training, rent-sharing and unions.  41p.                    
     2203   Buiter, Willem H. & Panigirtzoglou, Nikolaos.  Liquidity    
            traps: how to avoid them and how to escape them.  69p.      
     2201   Canova, Fabio.  Testing for convergence clubs in income per 
            capita: a predictive density approach.  34p.                
     2191   Caselli, Francesco & Coleman, Wilbur J.  How regions        
            converge.  51p.                                             
     2199   Ciccone, Antonio, Peri, Giovanni & Almond, Douglas.         
            Capital, wages and growth: theory and evidence.  52p.       
     2145   Claessens, Stijn & Djankov, Simeon.  Ownership concentration
            and corporate performance in the Czech Republic.  33p.      
     2202   Conde Ruiz, Jose I. & Galasso, Vincenzo.  Positive          
            arithmetic of the welfare state.  51p.                      
     2186   De Grauwe, Paul & Skudelny, Frauke.  Social conflict and    
            growth in Euroland.  30p.                                   
     2190   Fauli-Oller, Ramon & Corchon, Luis.  To merge or not to     
            merge: that is the question.  27p.                          
     2192   Gruner, Hans P.  On the role of conflicting national        
            interests in the European Central Bank Council.  25p.       
     2187   Haskel, Jonathan & Wolf, Holger.  Why does the `law of one  
            price' fail?: a case study.  25p.                           
     2147   Hatton, Timothy J. & Bailey, Roy E.  Seebohm Rowntree and   
            the post-war poverty puzzle.  35p.                          
     2188   Kind, Hans J., Knarvik, Karen H.M. & Schjelderup, Guttorm.  
            Competing for capital in a `lumpy' world.  25p.             
     2221   Li, David D., et al.  Anonymous banking and financial       
            repression: how does China's reform limit government        
            predation without reducing its.  54p.                       
     2194   Motta, Massimo, Fosfuri, Andrea & Ronde, Thomas.  Foreign   
            direct investment and spillovers through workers' mobility. 
            24p.                                                        
     2185   Ottaviano, Gianmarco I.P. & Thisse, Jacques-Francois.       
            Integration, agglomeration and the political economics of   
            factor mobility.  27p.                                      
     2204   Perotti, Enrico C. & Gelfer, Stanislav.  Red barons or      
            robber barons?: goverance and financing in Russian financial
            industrial groups (FIGs).  24p.                             
     2152   Prat, Andrea.  Campaign advertising and voter welfare.  47p.
     2198   Svensson, Lars E.O.  Does the p* model provide any rationale
            for monetary targeting?.  14p.                              
     2197   Svensson, Lars E.O.  Monetary policy issues for the         
            Eurosystem.  52p.                                           
     2196   Svensson, Lars E.O.  Price stability as a target for        
            monetary policy: defining and maintaining price stability.  
            49p.                                                        
     2195   Svensson, Lars E.O. & Faust, Jon.  The equilibrium degree of
            transparency and control in monetary policy.  24p.          



                                                           PAGE  31

     2189   Wambach, Achim.  Renegotiation before contract execution.   
            38p.                                                        
     2207   Widgren, Mika.  Flexible integration as an efficient        
            decision making rule.  18p.                                 
     2220   Anderson, Frederik & Forslid, Rikard.  Tax competition and  
            economic geography.  21p.                                   
     2206   Artis, Michael J. & Marcellino, Massimilliano.  Fiscal      
            forecasting: the track record of the IMF, OECD and EC.  34p.
     2208   Benkwitz, Alexander, Lutkepohl, Helmut & Wolters, Jurgen.   
            Comparison of bootstrap confidence intervals for impulse    
            responses of German monetary systems.  22p.                 
     2213   Brocas, Isabelle & Carrillo, Juan D.  Entry mistakes,       
            entrepreneurial boldness and optimism.  35p.                
     2205   Buiter, Willem H.  The fallacy of the fiscal theory of the  
            price level.  67p.                                          
     2217   Burda, Michael C.  European labour markets and the Euro: how
            much flexibility do we really need?.  38p.                  
     2219   Demertzis, Maria, Hughes-Hallett, Andrew J. & Viegi, Nicola.
             An independent central bank faced with elected governments.
             38p.                                                       
     2193   Dolado, Juan J. & Maria-Dolores, Ramon.  An empirical study 
            of the cyclical effects of monetary policy in Spain, 1977 - 
            1997.  41p.                                                 
     2222   Foucault, Thierry & Parlour, Christine.  Competition for    
            listings.  49p.                                             
     2216   Gruner, Hans Peter.  Unemployment and labor market reform: a
            contract theory approach.  21p.                             
     2212   Kollintzas, Tryphon, Philippopoulos, Apostolis & Vassilatos,
            Vanghelis.  Normative aspects of fiscal policy in an        
            economic union: a review.  15p.                             
     2218   Lippi, Francesco.  Strategic monetary policy with           
            non-atomistic wage setters: a case for non neutrality.  30p.
     2210   MacDonald, Ronald & Marsh, Ian.  Currency spillovers and    
            tri-polarity: a simultaneous model of the U.S. dollar,      
            German mark and Japanese yen.  38p.                         
     2215   Minford, Patrick, Nowell, Eric & Webb, Bruce.  Nominal      
            contrasting and monetary targets.  44p.                     
     2209   Neuman, Shoshana & Danziger, Leif.  On the age at marriage: 
            theory and evidence from Jews and Moslems in Israel.  26p.  
     2214   Sinn, Hans-Werner.  The competition between competition     
            rules.  33p.                                                
     2211   Zingales, Luigi, Rajan, Raghuran G. & Kumar, Krishna.  What 
            determines firm size?.  51p.                                
     2250   Alesina, Alberto, et al.  Fiscal policy, profits and        
            investment.  49p.                                           
     2242   Artis, Michael J., Krolzig, Hans-Martin & Toro, Juan.  The  
            European business cycle.  31p.                              
     2251   Bhattacharya, Sudipto & Nicodano, Giovanni.  Insider        
            trading, investment and liquidity: a welfare analysis.  29p.
     2257   Boot, Arnoud W.A. & Macey, Jonathan R.  Objectivity,        
            proximity and adaptability in corporate governance.  47p.   
     2248   Braga de Macedo, Jorge, Nunes, Luis Catela & Covas,         
            Francisco.  Moving the escudo into the Euro.  37p.          
     2258   Brana, Sophie & Maurel, Mathilde.  Barter in Russia:        
            liquidity shortage versus lack of restructuring.  25p.      



                                                           PAGE  32

     2237   Brocas, Isabelle & Carrillo, Juan D.  On rush and           
            procrastination.  26p.                                      
     2233   Carlin, Wendy & Mayer, Colin.  Finance, investment and      
            growth.  42p.                                               
     2230   Cheung, Yin-Wong, Chinn, Menzie D. & Marsh, Ian W.  How do  
            UK-based foreign exchange dealers think their market        
            operates?.  29p.                                            
     2227   Colombo, Emilio.  Restructuring as a signal: a simple       
            formalization.  29p.                                        
     2236   Cukierman, Alex & Lippi, Francesco.  Labour markets and     
            monetary union: a strategic analysis.  33p.                 
     2256   Duranton, Gilles & Puga, Diego.  Diversity and              
            specialization in cities: why, where and when does it       
            matter?.  28p.                                              
     2249   Dutz, Mark & Hayri, Aydin.  Does more intense competition   
            lead to higher growth?.  39p.                               
     2261   Faggio, Giulia & Konings, Jozef.  Gross job flows and firm  
            growth in transition countries: evidence using firm level   
            data on five countries.  42p.                               
     2259   Fatas, Antonio & Mihov, Ilian.  Government size and         
            automatic stabilizers: international and intranational      
            evidence.  30p.                                             
     2264   Femminis, Gianluca.  On the optimality of risk-sharing in   
            growth models: the role of `education'.  15p.               
     2247   Forslid, Rikard, Haaland, Jan I. & Knarvik, Karen H.M.  A   
            U-shaped Europe?: a simulation study of industrial location.
             30p.                                                       
     2265   Foucault, Thierry, Roell, Ailsa & Sandas, Patrik.  Imperfect
            market-monitoring and SOES trading.  55p.                   
     2238   Freixas, Xavier.  Optimal bail-out, conditionality and      
            creative ambiguity.  30p.                                   
     2246   Gali, Jordi & Gertler, Mark.  Inflation dynamics: a         
            structural economic analysis.  29p.                         
     2224   Grosfeld, Irena, et al.  Dynamics and inertia on the Russian
            labour market: a model of segmentation.  33p.               
     2240   Grossman, Gene M.  Imperfect labour contracts and           
            international trade.  39p.                                  
     2234   Honkapohja, Seppo & Turunen-Red, Arja.  Complementarity,    
            growth and trade.  38p.                                     
     2267   Imbs, Jean.  Co-fluctuations.  47p.                         
     2231   Lane, Philip & Milesi-Ferretti, Gian Maria.  The external   
            wealth of nations: measures of foreign assets and           
            liabilities for industrial and developing countries.  53p.  
     2239   Laroque, Guy & Salanie, Bernard.  Breaking down married     
            female non-employment in France.  45p.                      
     2260   Leahy, Dermot & Montagna, Catia.  Unionization and foreign  
            direct investment: challenging conventional wisdom?.  25p.  
     2223   Lettau, Martin & Ludvigson, Sydney.  Consumption, aggregate 
            wealth and expected stock returns.  57p.                    
     2262   Manasse, Paolo & Turrini, Alessandro.  Trade, wages and     
            superstars.  31p.                                           
     2245   Marin, Dalia & Schnitzer, Monika.  Disorganization and      
            financial collapse.  31p.                                   
     2232   Martin, Philippe & Rey, Helene.  Financial super-markets:   
            size matters for asset trade.  25p.                         



                                                           PAGE  33

     2255   Overman, Henry G. & Puga, Diego.  Unemployment clusters     
            across European regions and countries.  36p.                
     2243   Perotti, Enrico C. & van Oijen, Pieter.  Privatization,     
            political risk and stock market development.  30p.          
     2235   Persson, Torsten & Tabellini, Guido.  Political economics   
            and public finance.  131p.                                  
     2225   Portes, Richard & Roy, Helene.  The determinants of         
            cross-border equity flows.  33p.                            
     2244   Puhani, Patrick A.  Public training and outflows from       
            unemployment: an augmented matching function approach on    
            Polish regional data.  47p.                                 
     2226   Rey, Helene.  International trade and currency exchange.    
            48p.                                                        
     2229   Schoors, Koen.  The credit squeeze during Russia's early    
            transition: a bank-based view.  46p.                        
     2228   Smarzynska, Beata.  Composition of foreign direct investment
            and protection of intellectual property rights in transition
            economies.  49p.                                            
     2263   Sorm, Vit & Terrell, Katherine.  A comparative look at      
            labour mobility in the Czech Republic: where have all the   
            workers gone?.  37p.                                        
     2241   Vinals, Jose & Valles, Javier.  On the real effects of      
            monetary policy: a central banker's view.  38p.             
     2253   Wyplosz, Charles.  Financial restraints and liberalization  
            in postwar Europe.  50p.                                    
     2252   Wyplosz, Charles.  Towards a more perfect EMU.  34p.        

     UNIVERSITY OF ESSEX.  Department of Economics.                     

     492    Dhami, Sanjit.  Income uncertainty, measurement problems and
            optimal multidimensional income taxation.  24p.             
     490    Dhami, Sanjit.  A multitask agency theory of optimal        
            agrarian labor contracts.  20p.                             
     494    Guariglia, Alessandra.  Liquidity constraints and firms'    
            investment return behaviour.  26p.                          
     493    Jafarey, Saqib & Masters, Adrian.  Prices and the velocity  
            of money in search equilibrium.  38p.                       
     496    Guariglia, Alessandra & Kim, Byung-Yeon.  The effects of    
            consumption variability on savings: evidence from a panel of
            Muscovite households.  27p.                                 
     498    Kim, Byung Yeon.  Poverty and informal economy participation
            in Romania.  30p.                                           
     495    Lahiri, Sajal & Raimondos-Moller, Pascalis.  Lobbying by    
            ethnic groups and aid allocation.  20p.                     
     497    Lahiri, Sajal & Raimondos-Moller, Pascalis.  Special        
            interest politics and aid fungibility.  15p.                
     502    Guariglia, Alessandra & Rossi, Mariacristina.  Consumption, 
            habit formation and precautionary saving: evidence from the 
            U.K.  22p.                                                  
     500    Jafarey, Saqib & Lahiri, Sajal.  Will trade sanctions reduce
            child labour?: the role of credit markets.  34p.            
     499    Markose, Sheri M.  The liar strategy and surprises:         
            computability and indeterminacy in Nash equilibria games.   
            37p.                                                        




                                                           PAGE  34

     501    Symeonidis, George.  Price and non-price competition with   
            endogenous market structure.  43p.                          

     THE MAURICE FALK INSTITUTE FOR ECONOMIC RESEARCH IN ISRAEL.        

     9808   Berman, Eli.  Sect, subsidy and sacrifice: an economist's   
            view of ultra-orthodox Jews.  44p.                          
     9901   HajYehia, Samer.  Arbitrage tests of Israel's currency      
            options markets.  42p.                                      
     9903   Romanov, Dmitri.  An econometric analysis of audit policy   
            and income tax evasion in Israel.  49p.                     
     9902   Hazan, Moshe & Berdugo, Binyamin.  Child labor, fertility,  
            and economic growth.  31p.                                  

     FONDAZIONE ENI ENRICO MATTEI.                                      

     70/97  Kurz, Mordecai.  Social states of belief and the            
            determinants of the equity risk premium in a rational belief
            equilibrium.  69p.                                          
     71/97  Kurz, Mordecai.  Endogenous uncertainty: a unified view of  
            market volatility.  35p.                                    
     66/99  Hoekman, Bernard & Holmes, Peter.  Competition policy,      
            developing countries and the WTO.  26p.                     
     70/99  Mavroidis, Petros C.  International competition rules: the  
            existing framework.  8p.                                    
     60/98  Rutherford, Thomas F. & Tarr, David G.  Trade liberalization
            and endogenous growth in a small open economy: a            
            quantitative assessment.  51p.                              
     61/99  Spagnolo, Giancarlo.  Multimarket contact, concavity and    
            collusion.  27p.                                            
     67/99  Vermulst, Edwin.  Competition and anti-dumping: continued   
            peaceful co-existence?.  22p.                               

     FEDERAL RESERVE BANK OF ATLANTA.  Research Department.             

     9820   Heston, Steven L. & Nandi, Saikat.  Preference-free option  
            pricing with path-dependent volatility: a closed-form       
            approach.  11p.                                             
     9821   Kahn, Charles M. & Roberds, William.  Real-time gross       
            settlement and the costs of immediacy.  27p.                
     9822   Waggoner, Daniel F. & Zha, Tao.  Conditional forecasts in   
            dynamic multivariate models.  41p.                          
     99-5   Ackert, Lucy F. & Tian, Yisong S.  Efficiency in index      
            options markets and trading in stock baskets.  36p.         
     99-4   Ackert, Lucy F., Church, Bryan K. & Zhang, Ping.  The effect
            of forecast bias on market behavior: evidence from          
            experimental asset markets.  35p.                           
     99-1   Ackert, Lucy F., Church, Bryan K. & Jayaraman, Narayanan.   
            An experimental study of circuit breakers: the effects of   
            mandated market closures and temporary halts of market be.  
            42p.                                                        
     99-2   Becsi, Zsolt.  Heterogeneity and the welfare cost of dynamic
            factor taxes.  45p.                                         
     99-6   Espinosa-Vega, Marco A., Smith, Bruce D. & Yip, Chong K.    
            Barriers to international capital flows: who should erect   
            them and how big should they be?.  52p.                     


                                                           PAGE  35

     99-3   Robertson, John C. & Tallman, Ellis W.  Improving forecasts 
            of the federal funds rate in a policy model.  23p.          
     9910   Kahn, Charles M., McAndrews, James & Roberds, William.      
            Settlement risk under gross and net settlement.  33p.       
     9911   McAndrews, James & Roberds, William.  Payment intermediation
            and the origins of banking.  40p.                           
     99-7   Sabherwal, Sanjiv & Smith, Stephen D.  Concentrated         
            shareholdings and the number of outside analysts.  26p.     
     99-8   Singal, Padamja & Smith, Stephen D.  Expected stock returns 
            and volatility in a production economy: a theory and some   
            evidence.  44p.                                             
     9912   Wall, Larry D. & Eisenbeis, Robert A.  Financial regulatory 
            structure and the resolution of conflicting goals.  42p.    
     99-9   Zavodny, Madeline.  Does it take two?: the effect of        
            partners' characteristics on teenage pregnancy.  26p.       
     9915   Chang, Roberto & Velasco, Andres.  Liquidity crises in      
            emerging markets: theory and policy.  74p.                  
     9914   Dwyer, Gerald P. & Williams, K.B.  Portable random number   
            generators.  43p.                                           
     9913   Robertson, John C. & Tallman, Ellis W.  Prior parameter     
            uncertainty: some implications for forecasting and policy   
            analysis with VAR models.  32p.                             

     FEDERAL RESERVE BANK OF CHICAGO.  Research Department.             

     9814   De Nardi, Mariacristina, Imrohoroglu, Selahattin & Sargent, 
            Thomas J.  Projected U.S. demographics and social security. 
            40p.                                                        
     9815   Kouparitsas, Michael A.  Dynamic trade liberalization       
            analysis: steady state, transitional and inner industry     
            effects.  45p.                                              
     9820   Aaronson, Daniel.  Neighborhood dynamics.  51p.             
     9824   Campbell, Jeffrey R. & Fisher, Jonas D.M.  Organizational   
            flexibility and employment dynamics at young and old plants.
             43p.                                                       
     9819   Evans, Charles L. & Kuttner, Kenneth N.  Can VARs describe  
            monetary policy?.  25p.                                     
     9823   Segal, Lewis M. & Sullivan, Daniel G.  Wage differentials   
            for temporary service work: evidence from administrative    
            data.  21p.                                                 
     9821   Worthington, Paula R.  Inventories and output volatility.   
            17p.                                                        
     99-2   Shiratsuka, Sigenori.  Measurement errors in Japanese       
            consumer price index.  56p.                                 
     99-7   Barrow, Lisa.  School choice through relocation: evidence   
            from the Washington, D.C. area.  58p.                       
     99-4   Christiano, Lawrence J. & Vigfusson, Robert J.  Maximum     
            likelihood in the frequency domain: a time to build example.
             15p.                                                       
     99-3   Christiano, Lawrence J. & Gust, Christopher J.  Taylor rules
            in a limited participation model.  27p.                     
     99-5   Shi, Shouyong.  Unskilled workers in an economy with        
            skill-biased technology.  42p.                              
     99-9   Shiratsuka, Shigenori.  Asset price fluctuation and price   
            indices.  43p.                                              



                                                           PAGE  36

     9910   Alvarez, Fernando & Veracierto, Marcelo.  Labor market      
            policies in an equilibrium search model.  44p.              
     9911   Burnside, Craig, Eichenbaum, Martin & Rebelo, Sergio.       
            Hedging and financial fragility in fixed exchange rate      
            regimes.  58p.                                              
     9913   De Nardi, Mariacristina.  Wealth inequality,                
            intergenerational links and estate taxation.  67p.          
     9914   Boldrin, Michele, Christiano, Lawrence J. & Fisher, Jonas   
            D.M.  Habit persistence, asset returns and the business     
            cycle.  48p.                                                
     9916   Chakravorti, Sujit & To, Ted.  A theory of merchant credit  
            card acceptance.  22p.                                      
     9915   Zhou, Ruilin.  Does commodity money eliminate the           
            indeterminancy of equilibria?.  15p.                        

     FEDERAL RESERVE BANK OF DALLAS.  Research Department.              

     9902   Haslag, Joseph H. & Koo, Jahyeong.  Financial repression,   
            financial development and economic growth.  44p.            
     9901   Haslag, Joseph H. & Bhattacharya, Joydeep.  Seigniorage in a
            neoclassical economy: some computational results.  29p.     
     9903   Wynne, Mark A.  Core inflation: a review of some conceptual 
            issues.  29p.                                               
     9904   Gruben, William C. & McComb, Robert P.  Privatization,      
            competition, and supercompetition in the Mexican commercial 
            banking system.  21p.                                       
     9905   Gruben, William C., Koo, Jahyeong & Moore, Robert E.  When  
            does financial liberalization make banks risky?: an         
            empirical examination of Argentina, Canada and Mexico.  27p.
     9906   Haslag, Joseph H.  Has monetary policy become less          
            effective?.  32p.                                           
     9908   Brown, Stephan P.A. & Saving, Jason L.  Autocracy,          
            democracy, bureaucracy, or monopoly: can you judge a        
            government by its size?.  23p.                              
     9907   Guzman, Mark G.  Bank structure, capital accumulation and   
            growth: a simple macroeconomic model.  34p.                 

     FEDERAL RESERVE BANK OF DALLAS.  Financial Industry Studies.       

     1/99   Ely, David P. & Robinson, Kenneth J.  The determinants of   
            the wealth effects of banks' expanded securities powers.    
            45p.                                                        
     2/99   Lown, Cara, Peristiani, Stavros & Robinson, Kenneth J.  What
            was behind the M2 breakdown?.  30p.                         

     FEDERAL RESERVE BANK OF KANSAS CITY.  Research Division.           

     9807   Kozicki, Sharon & Tinsley, P.A.  Term structure views of    
            monetary policy.  32p.                                      
     9809   Filardo, Andrew J.  Choosing information variables for      
            transition probabilities in a time-varying transition       
            probability Markov switchi.  13p.                           
     9901   Lagunoff, Roger D. & Schreft, Stacey L.  Financial fragility
            with rational and irrational exuberance.  36p.              




                                                           PAGE  37

     9808   Morris, Charles, Neal, Robert & Rolph, Doug.  Credit spreads
            and interest rates: a cointegration approach.  45p.         
     9903   Rolph, Douglas & Shen, Pu.  Do the spreads between the E/P  
            ratio and interest rates contain information on future      
            equity market movements?.  43p.                             
     9902   Schreft, Stacey L. & Smith, Bruce D.  The evolution of cash 
            transactions: some implications for monetary policy.  21p.  
     99-4   Holman, Jill A. & Rioja, Felix K.  International            
            transmission of anticipated inflation under alternative     
            exchange rate regimes.  38p.                                
     9907   Clark, Todd E. & van Wincoop, Eric.  Borders and business   
            cycles.  37p.                                               
     9906   Kalemli-Ozcan, Sebnem, Sorensen, Bent E. & Yosha, Oved.     
            Industrial specialization and the asymmetry of shocks across
            regions.  26p.                                              
     9905   Sorensen, Bent E., Wu, Lisa & Yosha, Oved.  Output          
            fluctuations and fiscal policy: U.S. state and local        
            governments, 1978 - 1994.  43p.                             

     FEDERAL RESERVE BANK OF MINNEAPOLIS.  Research Department.         

     260    Alvarez, Fernando, Atkeson, Andrew & Kehoe, Patrick J.      
            Money and interest rates with endogenously segmented        
            markets.  36p.                                              
     259    Fernandez, Ana & Phelan, Christopher.  A recursive          
            formulation for repeated agency with history dependence.    
            30p.                                                        
     263    Galdon Sanchez, Jose E & Schmitz, James A.  Threats to      
            industry survival in labor productivity: world iron ore     
            markets in the 1980s.  40p.                                 
     257    Hansen, Gary D. & Prescott, Edward C.  Malthus to Solow.    
            25p.                                                        
     261    Holmes, Thomas J.  Bar codes lead to frequent deliveries and
            superstores.  27p.                                          
     262    Krueger, Dirk & Perri, Fabrizio.  Risk sharing: private     
            insurance markets or redistributive taxes?.  78p.           
     258    Phelan, Christopher & Stacchetti, Ennio.  Sequential        
            equilibria in a Ramsey tax model.  52p.                     

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

     128    Cavalcanti, Ricardo De O., Erosa, Andres & Temzelides, Ted. 
            Private money and reserve management in a random matching   
            model.  23p.                                                
     129    Repullo, Rafael & Suarez, Javier.  Entrepreneurial moral    
            hazard and bank monitoring: a model of the credit channel.  
            26p.                                                        
     130    Huang, Kevin X.D. & Liu, Zheng.  Chain of production as a   
            monetary propagation mechanism.  36p.                       
     131    Dupor, Bill.  Keynesian conundrum: multiplicity and time    
            consistent stabilization.  31p.                             

     FEDERAL RESERVE BANK OF NEW YORK. Research & Market Analysis Group.

     55     Berger, Allen N., Demsetz, Rebecca S. & Strahan, Philip E.  
            The consolidation of the financial services industry:       
            causes, consequences, and implications for the future.  67p.

                                                           PAGE  38

     56     Campa, Jose Manuel & Goldberg, Linda S.  Employment versus  
            wage adjustment and the U.S. dollar.  36p.                  
     54     McCarthy, Jonathan & Zakrajsek, Egon.  Microeconomic        
            inventory adjustment and aggregate dynamics.  52p.          
     53     McCarthy, Jonathan & Zakrajsek, Egon.  Trade inventories.   
            46p.                                                        
     57     Remolana, Eli M., Wickens, Michael R. & Gong, Frank F.  What
            was the market's view of U.K. monetary policy?: estimating  
            inflation risk and expected inflation with indexed .  43p.  

     FEDERAL RESERVE BANK OF PHILADELPHIA.  Economic Research Division. 

     9824   Hunt, Robert M. & VandenBerg, Tim.  Discouraging federal    
            actions that reduce the value of private property:          
            evaluating procedural and financial approac.  54p.          
     9825   Mester, Loretta J., Nakamura, Leonard I. & Renault,         
            Micheline.  Checking accounts and bank monitoring.  34p.    
     9823   Voith, Richard & Gyourko, Joseph.  The tax treatment of     
            housing: its effect on bounded and unbounded communities.   
            24p.                                                        
     99-1   Berger, Allen N. & Mester, Loretta J.  What explains the    
            dramatic changes in cost and profit performance of the U.S. 
            banking industry?.  47p.                                    
     99-2   Chatterjee, Satyajit & Corbae, Dean.  A welfare comparison  
            of pre- and post-World War II business cycles: some         
            implications for the role of postwar macro.  46p.           
     99-3   Hunt, Robert M.  Nonobviousness and the incentive to        
            innovate: an economic analysis of intellectual property     
            reform.  52p.                                               
     99-5   Alvarez, Fernando & Jermann, Urban J.  Quantitative asset   
            pricing implications of endogenous solvency constraints.    
            42p.                                                        
     99-4   Croushore, Dean & Stark, Tom.  A real-time data set for     
            macroeconomists.  90p.                                      
     99-6   Sill, Keith & Wrase, Jeff.  Monetary policy regimes, and    
            beliefs.  38p.                                              
     99-8   Berlin, Mitchell & Mester, Loretta J.  Financial contracts  
            and the legal treatment of informed investors.  40p.        
     9910   Carlino, Gerald & Chatterjee, Satyajit.  Postwar trends in  
            metropolitan employment growth: decentralization and        
            deconcentration.  35p.                                      
     99-7   Crone, Theodore M. & McLaughlin, Michael P.  A Bayesian VAR 
            forecasting model for the Philadelphia Metropolitan area.   
            22p.                                                        
     99-9   Crone, Theodore M., Nakamura, Leonard I. & Voith, Richard.  
            Measuring housing services inflation.  34p.                 
     9911   Khan, Aubhik.  Financial development and economic growth.   
            41p.                                                        
     9912   Khan, Aubhik & Ravikumar, B.  Growth and risk-sharing with  
            private information.  39p.                                  
     9913   Sill, Keith & Wrase, Jeffrey.  Exchange rates and monetary  
            policy regimes in Canada and the U.S.  54p.                 
     9914   Sill, Keith & Wrase, Jeffrey.  SOlving and simulating a     
            simple open-economy model with Markov-switching driving     
            processes and rational learning.  38p.                      



                                                           PAGE  39

     9915   Croushore, Dean & Stark, Tom.  Does data vintage matter for 
            forecasting?.  45p.                                         
     9916   Dedola, Luca & Leduc, Sylvain.  On exchange rate regimes,   
            exchange rate fluctuations, and fundamentals.  33p.         
     9917   Eudey, Gwen & Perli, Roberto.  Regime-switching in          
            expectations over the business cycle.  28p.                 

     FEDERAL RESERVE BOARD.  Finance & Economics Discussion Series.     

     9846   Berger, Allen N., Demsetz, Rebecca S. & Strahan, Philip E.  
            The consolidation of the financial services industry:       
            causes, consequences, and implications for the future.  68p.
     9849   Dunn, Wendy E.  Unemployment risk, precautionary saving, and
            durable goods purchase decisions.  33p.                     
     9851   English, William B. & Nelson, William R.  Bank risk rating  
            of business loans.  46p.                                    
     9844   Gilchrist, Simon & Williams, John.  Investment, capacity,   
            and output: a putty-clay approach.  33p.                    
     9847   Gordy, Michael B.  A comparative anatomy of credit risk     
            models.  28p.                                               
     9848   Kodres, Laura E. & Pritsker, Matthew.  A rational           
            expectations model of financial contagion.  56p.            
     9852   Lehnert, Andreas.  Asset pooling, credit rationing, and     
            growth.  62p.                                               
     9845   Levin, Andrew, Wieland, Volker & Williams, John C.          
            Robustness of simple monetary policy rules under model      
            uncertainty.  53p.                                          
     9850   Orphanides, Athanasios.  Monetary policy evaluation with    
            noisy information.  35p.                                    
     9913   Berger, Allen N. & Mester, Loretta J.  What explains the    
            dramatic changes in cost and profit performance of the U.S. 
            banking industry?.  45p.                                    
     9911   Berkowitz, Jeremy.  Evaluating the forecasts of risk models.
             35p.                                                       
     9904   Berkowitz, Jeremy, Birgean, Ionel & Kilian, Lutz.  On the   
            finite-sampling accuracy of nonparametric resampling        
            algorithms for economic time series.  35p.                  
     9901   Kiley, Michael T.  Partial adjustment and staggered price   
            setting.  22p.                                              
     9908   Nelson, William R.  The aggregate change in shares and the  
            level of stock prices.  42p.                                
     9906   Nelson, William R.  Evidence of excess returns on firms that
            issue or repurchase equity.  44p.                           
     9907   Nelson, William R.  Why does the change in shares predict   
            stock returns?.  43p.                                       
     9909   Rodriguez-Planas, Nuria.  Asymmetric information in the     
            labor market: new evidence on layoffs, recalls, and         
            unemployment.  58p.                                         
     9902   Sharpe, Steven A.  Stock prices, expected returns, and      
            inflation.  38p.                                            
     9905   Starr-McCluer, Martha & Sunden, Annika.  Workers' knowledge 
            of their pension coverage: a reevaluation.  20p.            
     9903   Swanson, Eric.  Models of sectoral reallocation.  41p.      
     9914   Tinsley, P.A.  Short rate expectations, term premiums, and  
            central bank use of derivatives to reduce policy            
            uncertainty.  31p.                                          


                                                           PAGE  40

     9912   Williams, John C.  Simple rules for monetary policy.  34p.  
     9915   Carroll, Christopher D., Dynan, Karen E. & Krane, Spencer D.
             Unemployment risk and precautionary wealth: evidence from  
            households' balance sheets.  55p.                           
     9916   Hojvat-Gallin, Joshua.  Net migration and state labor market
            dynamics.  36p.                                             
     9910   Tetlow, Robert J. & von zur Muehlen, Peter.  Simplicity     
            versus optimality: the choice of monetary policy rules when 
            agents must learn.  47p.                                    
     9829   Benhabib, Jess, Schmitt-Grohe, Stephanie & Uribe, Martin.   
            Monetary policy and multiple equilibria.  22p.              
     9832   Berger, Allen N., Davies, Sally M. & Flannery, Mark J.      
            Comparing market and supervisory assessments of bank        
            performance: who knows what when?.  42p.                    
     9833   Berkowitz, Jeremy.  Dealer polling in the presence of       
            possibly noisy reporting.  25p.                             
     9920   Cutler, David M. & Sheiner, Louise.  Demographics and       
            medical care spending: standard and non-standard effects.   
            45p.                                                        
     9918   Cutler, David M. & Sheiner, Louise.  The geography of       
            Medicare.  14p.                                             
     9824   Dow, James P. & Elmendorf, Douglas W.  The effect of stock  
            prices on the demand for money market mutual funds.  19p.   
     9823   Dupont, Dominique.  Equilibrium price with institutional    
            investors and with naive traders.  26p.                     
     9821   Estevao, Marcello M. & Wilson, Beth Anne.  Nominal wage     
            rigidity and real wage cyclicality.  17p.                   
     9840   Fisher, Mark & Gilles, Christian.  Consumption and asset    
            prices with recursive preferences.  48p.                    
     9831   Furfine, Craig.  Interbank payments and the daily federal   
            funds rate.  21p.                                           
     9830   Gilchrist, Simon & Williams, John C.  Putty-clay and        
            investment: a business cycle analysis.  43p.                
     9827   Kiley, Michael T.  Monetary policy under neoclassical and   
            new Keynesian Phillips curves, with an application to price 
            level & inflatio.  15p.                                     
     9839   Kim, Jinill.  Adjustment costs of investment in general     
            equilibrium: analytic results.  36p.                        
     9838   Kim, Jinill.  Indeterminacy and investment adjustment costs.
             12p.                                                       
     9825   Laderman, Elizabeth & Passmore, Wayne.  Is mortgage lending 
            by savings associations special?.  42p.                     
     9836   Lengwiler, Yvan.  Certainty equivalence and the non-vertical
            long run Phillips Curve.  9p.                               
     9828   Lengwiler, Yvan.  The multiple unit auction with variable   
            supply.  17p.                                               
     9826   Orphanides, Athanasios & Porter, Richard.  P* revisited:    
            money-based inflation forecasts with a changing equilibrium 
            velocity.  22p.                                             
     9835   Orphanides, Athanasios & Wieland, Volker.  Price stability  
            and monetary policy effectiveness when nominal interest     
            rates are bounded at zero.  53p.                            
     9841   Porter, Richard D. & Weinbach, Gretchen C.  Currency ratios 
            and U.S. underground economic activity.  9p.                




                                                           PAGE  41

     9843   Roberts, John M.  Inflation expectations and the            
            transmission of monetary policy.  37p.                      
     9834   Sack, Brian.  Uncertainty, learning, and gradual monetary   
            policy.  34p.                                               
     9819   Schmitt-Grohe, Stephanie.  Endogenous business cycles and   
            the dynamics of output, hours, and consumption.  34p.       
     9919   Sheiner, Louise.  Health care costs, wages, and aging.  39p.
     9917   Starr-McCluer, Martha.  The measurement of consumer         
            expectations using survey data.  24p.                       
     9820   Starr-McCluer, Martha.  Stock market wealth and consumer    
            spending.  22p.                                             
     9842   TeSelle, Garrett H.  Bubbles or noise?: reconciling the     
            results of broad-dividend variance-bounds tests.  30p.      
     9837   Tinsley, P.A.  Rational error correction.  33p.             
     9921   Whelan, Karl.  Tax incentives, material inputs, and the     
            supply curve for capital equipment.  30p.                   
     9822   Wieland, Volker.  Monetary policy and uncertainty about the 
            natural unemployment rate.  48p.                            
     9922   Wilson, Beth Anne.  Wage rigidity: a look inside the firm.  
            28p.                                                        
     9938   Berger, Allen N., et al.  Why are bank profits so           
            persistent?: the roles of product market competition,       
            information opacity, and regional/mac.  37p.                
     9929   Berkowitz, Jeremy.  A coherent framework for stress-testing.
             14p.                                                       
     9925   Cavalluzzo, Ken, Cavalluzzo, Linda & Wolken, John.          
            Competition, small business financing, and discrimination:  
            evidence from a new survey.  99p.                           
     9926   Cohen, Darrel.  An analysis of government spending in the   
            frequency domain.  43p.                                     
     9927   Cummins, Jason G., Hassett, Kevin A. & Oliner, Stephen D.   
            Investment behavior, observable expectations, and internal  
            funds.  50p.                                                
     9930   Davis, Morris A. & Foster, E. Michael.  Intra-household     
            allocation and the mental health of children: structural    
            estimation analysis.  54p.                                  
     9923   Fenn, George W. & Liang, Nellie.  Corporate payout policy   
            and managerial stock incentives.  29p.                      
     9924   James, John A., Palumbo, Michael G. & Thomas, Mark.         
            Consumption smoothing among working-class American families 
            before social insurance.  40p.                              
     9931   Lebow, David E., Saks, Raven E. & Wilson, Beth Anne.        
            Downward nominal wage rigidity: evidence from the employment
            cost index.  37p.                                           
     9940   Berger, Allen N., et al.  Conglomeration versus strategic   
            focus: evidence from the insurance industry.  42p.          
     9941   Berger, Allen N., et al.  The dynamics of market entry: the 
            effects of mergers and acquisitions on de novo entry and    
            small business lending.  63p.                               
     9937   Covitz, Daniel & Heitfield, Erik.  Monitoring, moral hazard,
            and market power: a model of bank lending.  26p.            
     9935   Harrison, Paul, Sussman, Oren & Zeira, Joseph.  Finance and 
            growth: theory and new evidence.  36p.                      
     9943   Hooker, Mark A.  Oil and the macroeconomy revisited.  23p.  




                                                           PAGE  42

     9936   Kiley, Michael T.  Computers and growth with costs of       
            adjustment: will the future look like the past?.  29p.      
     9932   Lebow, David, et al.  Recent trends in compensation         
            practices.  25p.                                            
     9934   Lehnert, Andreas & Passmore, Wayne.  The banking industry   
            and the safety net subsidy.  31p.                           
     9933   Lehnert, Andreas & Passmore, Wayne.  Pricing systemic       
            crises: monetary and fiscal policy when savers are          
            uncertain.  52p.                                            
     9942   Lengwiler, Yvan & Orphanides, Athanasios.  Optimal          
            discretion.  35p.                                           
     9945   Orphanides, Athanasios, et al.  Errors in the measurement of
            the output gap and the design of monetary policy.  39p.     
     9938   Orphanides, Athanasios & van Norden, Simon.  The reliability
            of output gap estimates in real time.  44p.                 
     9944   Reifschneider, David & Williams, John C.  Three lessons for 
            monetary policy in a low inflation era.  47p.               
     9939   Sack, Brian & Wieland, Volker.  Interest-rate smoothing and 
            optimal monetary policy: a review of recent empirical       
            evidence.  35p.                                             
     9950   Bomfin, Antulio N.  Do noisy data exacerbate cyclical       
            volatility?.  11p.                                          
     9949   Brayton, Flint, Roberts, John M. & Williams, John C.  What's
            happened to the Phillips curve?.  38p.                      
     9946   Carrington, William J. & Fallick, Bruce C.  Minimum wage    
            careers.  32p.                                              
     9947   David, Alexander & Veronesi, Pietro.  Option prices with    
            uncertain fundamentals: theory and evidence on the dynamics 
            of implied volatilities.  64p.                              
     9948   Wieland, Volker.  Monetary policy, parameter uncertainty and
            optimal learning.  42p.                                     

     FEDERAL RESERVE BOARD.  International Finance Papers.              

     633    Fernald, John G. & Babson, Olivier D.  Why has China        
            survived the Asian crisis so well?: what risks remain?.     
            34p.                                                        
     634    Kaminsky, Graciela L. & Schmukler, Sergio L.  What triggers 
            market jitters: a chronicle of the Asian crisis.  39p.      
     628    Ahmed, Shaghil & Rogers, John H.  Inflation and the great   
            ratios: long-term evidence from the U.S.  42p.              
     625    Basu, Susanto, Fernald, John & Kimball, Miles.  Are         
            technology improvements contractionary?.  56p.              
     618    Djankov, Simeon & Freund, Caroline.  Disintegration.  41p.  
     630    Dooley, Michael P.  A model of crises in emerging markets.  
            27p.                                                        
     623    Engel, Charles & Rogers, John H.  Relative price volatility:
            what role does the border play?.  29p.                      
     627    Erceg, Christopher J., Henderson, Dale W. & Levin, Andrew T.
             Tradeoffs between inflation and output-gap variances in an 
            optimizing agent model.  42p.                               
     616    Ericsson, Neil R., Hendry, David F. & Mizon, Grayham E.     
            Exogeneity, cointegration, and economic policy analysis.    
            38p.                                                        




                                                           PAGE  43

     626    Ericsson, Neil R. & Marquez, Jaime.  A framework for        
            economic forecasting.  48p.                                 
     610    Faust, Jon.  The robustness of identified VAR conclusions   
            about money.  46p.                                          
     619    Fernald, John & Rogers, John H.  Puzzles in the Chinese     
            stock market.  39p.                                         
     614    Freund, Caroline L.  Multilateralism and the endogenous     
            formation of preferential trade agreements.  20p.           
     624    Gibson, Michael S.  "Big bang" deregulation and Japanese    
            corporate governance: a survey of the issues.  34p.         
     635    Henderson, Dale W. & Kim, Jinill.  Exact utilities under    
            alternative monetary rules in a simple macro model with     
            optimizing agents.  31p.                                    
     609    Hooper, Peter, Johnson, Karen & Marquez, Jaime.  Trade      
            elasticities for G-7 countries.  106p.                      
     620    Iyigun, Murat F. & Levin, Andrew T.  What determines public 
            support for affirmative action?.  29p.                      
     636    Kamin, Steven B.  The current international financial       
            crisis: how much is new?.  19p.                             
     629    Kaminsky, Graciela L.  Currency and banking crises: the     
            early warnings of distress.  39p.                           
     617    Mendoza, Enrique G. & Uribe, Martin.  The business cycles of
            currency speculation: a revision of the Mundellian          
            framework.  42p.                                            
     612    Rogers, John H.  Monetary shocks and real exchange rates.   
            49p.                                                        
     631    Warnock, Francis E.  Idiosyncratic tastes in a two-country  
            optimizing model: implications of a standard presumption.   
            29p.                                                        
     615    Yu, Dahai.  Equilibrium liquidity premia.  26p.             
     621    Yu, Duhai.  Rational bubbles under diverse information.     
            23p.                                                        
     622    Yu, Dahai.  The equivalence theorems for government finance.
             21p.                                                       
     639    Durbin, Erik & Ng, David Tat-Chee.  Uncovering country risk 
            in emerging market bond prices.  37p.                       
     640    Erceg, Christopher J., Henderson, Dale W. & Levin, Andrew T.
             Optimal monetary policy with staggered wage and price      
            contracts.  37p.                                            
     638    Fernald, John G. & Basu, Susanto.  Why is productivity      
            procyclical?: why do we care?.  76p.                        
     637    Freund, Caroline L. & McLaren, John.  On the dynamics of    
            trade diversion: evidence from four trade blocs.  51p.      
     642    Iyigun, Murat F. & Owen, Ann L.  From indoctrination to the 
            culture of change: technological progress, adaptive skills, 
            and the creativity of nation.  27p.                         
     641    Johnson, Karen, Small, David & Tryon, Ralph.  Monetary      
            policy and price stability.  38p.                           
     643    Barth, Marvin & Dinmore, Trevor.  Trade prices and volumes  
            in East Asia through the crisis.  33p.                      
     644    Engel, Charles & Rogers, John H.  Violating the law of one  
            price: should we make a federal case out of it?.  21p.      
     645    Kamin, Steven B. & Babson, Oliver D.  The contributions of  
            domestic and external factors to Latin American devaluation 
            crises: an early warning systems a.  36p.                   



                                                           PAGE  44

     646    Bowman, David.  Efficient tests for autoregressive unit     
            roots in panel data.  54p.                                  
     648    Iyigun, Murat F.  When would educational standards help     
            improve scholastic achievement?.  22p.                      
     647    Nason, James M. & Rogers, John H.  Investment and the       
            current account in the short run and the long run.  57p.    

     FEDERAL TRADE COMMISSION.  Bureau of Economics.                    

     221    Baker, Jonathan B. & Woodward, Peter A.  Market power and   
            the cross-industry behavior of prices around a business     
            cycle trough.  50p.                                         
     222    Blonigen, Bruce A. & Taylor, Christopher T.  R & D activity 
            and acquisitions in high technology industries: evidence    
            from the U.S. electronic and electrical equ.  28p.          
     223    Hertzendorfer, Mark N. & Overgaard, Per B.  Price           
            competition and advertising signals: signaling by competing 
            senders.  47p.                                              
     224    Thomas, Charles J.  Multimarket contact and imperfect       
            information.  30p.                                          
     225    Hosken, Daniel & Reiffen, David.  Pricing behavior of       
            multiproduct retailers.  40p.                               
     226    Vita, Michael G. & Sacher, Seth.  The competitive effects of
            not-for-profit hospital mergers: a case study.  48p.        
     227    Vita, Michael G.  Regulatory restrictions on vertical       
            integration and control: the competitive impact of gasoline 
            divorcement policie.  28p.                                  
     228    Thomas, Charles J.  The effect of asymmetric entry costs on 
            Bertrand competition.  21p.                                 

     HARVARD UNIVERSITY.  Institute of Economic Research.               

     1857   Dasgupta, P. & Maskin, E.  Efficient auctions.  58p.        
     1858   Jeng, Leslie A., Metrick, Andrew & Zeckhauser, Richard.  The
            profits to insider trading: a performance evaluation        
            perspective.  56p.                                          
     1860   Weitzman, Martin L.  Economic profitability vs. ecological  
            entropy.  24p.                                              
     1859   Weitzman, Martin L.  Making dynamic welfare comparisons.    
            20p.                                                        
     1865   Calvet, Laurent E.  Incomplete markets and volatility.  55p.
     1862   Ellison, Glenn & Glaeser, Edward L.  The geographic         
            concentration of industry: does natural advantage explain   
            agglomeration?.  12p.                                       
     1861   Klette, Tor Jakob, Moen, Jarle & Griliches, Zvi.  Do        
            subsidies to commercial R & D reduce market failures?:      
            microeconomic evaluation studies.  36p.                     
     1863   Maskin, Eric & Moore, John.  Implementation and             
            renegotiation.  44p.                                        
     1864   Weitzman, Martin L.  A contribution to the theory of welfare
            comparisons.  21p.                                          
     1867   Baks, Klaas, Metrick, Andrew & Wachter, Jessica.  Bayesian  
            performance evaluation.  54p.                               
     1866   Canning, David, Jefferson, Clifford W. & Spencer, John E.   
            Optimal credit rationing in not-for-profit financial        
            institutions.  28p.                                         


                                                           PAGE  45

     1868   Tornell, Aaron.  Common fundamentals in the Tequila and     
            Asian crises.  40p.                                         
     1869   Tornell, Aaron.  Privatizing the privatized.  40p.          
     1870   Ellison, Glenn & Fudenberg, Drew.  The neo-Luddite's lament:
            excessive upgrades in the software industry.  42p.          
     1871   Fudenberg, Drew & Tirole, Jean.  Customer poaching and brand
            switching.  42p.                                            
     1873   Fudenberg, Drew & Tirole, Jean.  Pricing under the threat of
            entry by a sole supplier of a network good.  24p.           
     1874   Glaeser, Edward L.  Urban primacy and politics.  51p.       
     1875   Glaeser, Edward L., et al.  What is social capital?: the    
            determinants of trust and trustworthiness.  61p.            
     1872   Krueger, Anne & Tornell, Aaron.  The role of bank           
            restructuring in recovering from crises: Mexico 1995-98.    
            24p.                                                        

     HEBREW UNIV. Center for Rationality & Interactive Decision Theory. 

     188    Khmelnitskaya, Anna B.  Marginalist and efficient values for
            TU games.  11p.                                             
     189    Khmelnitskaya, Anna B.  Power indices without the transfer  
            axiom.  6p.                                                 
     187    Nowik, Irit & Zamir, Shmuel.  The game for the speed of     
            convergence in repeated games of incomplete information.    
            17p.                                                        
     186    Peleg, Bezalel, Rosenmuller, Joachim & Sudholter, Peter.    
            The canonical extensive form of a game form, part 1:        
            symmetries.  20p.                                           
     191    Abbink, Klaus, Sadrieh, Abdolkarim & Zamir, Shmuel.  The    
            covered response ultimatum game.  21p.                      
     190    Guth, Werner, Kliemt, Hartmut & Peleg, Bezalel.             
            Co-evolution of preferences and information in simple games 
            of trust.  41p.                                             
     192    Hart, Sergiu & Mas-Colell, Andreu.  A general class of      
            adaptive strategies.  34p.                                  
     193    Volij, Oscar.  Utility equivalence in sealed bid auctions   
            and the dual theory of choice under risk.  19p.             
     194    Assaf, David, Goldstein, Larry & Samuel-Cahn, Ester.  A     
            striking connection between processes and optimal stopping. 
            20p.                                                        
     199    Bag, Parimal Kanti & Winter, Eyal.  Simple subscription     
            mechanisms for excludable public goods.  25p.               
     197    Haimanko, Ori.  Payoffs in non-differentiable perfectly     
            competitive economies.  15p.                                
     195    Hart, Sergiu.  Evolutionary dynamics and backward induction.
             36p.                                                       
     198    Khmelnitskaya, Anna B.  Social welfare orderings for        
            different subgroup utility scales.  19p.                    
     196    McKay, Brendan, et al.  Solving the bible code puzzle.  45p.
     203    Assaf, David & Samuel-Cahn, Ester.  Simple ratio prophet    
            inequalities for a statistician with multiple choices.  13p.
     201    Peleg, Bezalel & Sudholter, Peter.  Single-peakedness and   
            coalition-proofness.  8p.                                   
     200    Perry, Motty & Reny, Philip J.  An ex-post efficient        
            auction.  27p.                                              



                                                           PAGE  46

     202    Sudholter, Peter, Rosenmuller, Joachim & Peleg, Bezalel.    
            The canonical extensive form of a game form, part II:       
            representation.  43p.                                       
     204    Goren, Harel & Bornstein, Gary.  The effects of intra-group 
            communication on intergroup cooperation in the repeated     
            intergroup prisoner's dilemma ga.  37p.                     
     205    Haimanko, Ori.  Cost sharing in nondifferentiable problems. 
            16p.                                                        

     HEBREW UNIVERSITY.  Department of Economics.                       

     98-5   Galor, Oded & Moav, Omer.  Ability biased technological     
            transition, wage inequality, and economic growth.  47p.     
     98-8   Moav, Omer.  Income distribution and macroeconomics: convex 
            technology and the role of intergenerational transfers.     
            21p.                                                        
     98-7   Maoz, Yishay & Moav, Omer.  Intergenerational mobility and  
            the process of development.  39p.                           
     98-6   Zeira, Joseph.  Technical progress, employment and output.  
            24p.                                                        
     99-1   Barkai, Haim.  Franz Oppenheimer's transformation law and   
            the recent trend towards privatization in the kibbutz.  48p.

     HITOTSUBASHI UNIVERSITY.  Institute for Economic Research.         

     359    Havlik, Peter.  Wages, productivity and labour costs in the 
            Central and Eastern European countries.  38p.               
     360    Isa, Katsuhide & Tsuru, Tsuyoshi.  Cell production and      
            workplace innovation in Japan: toward a new model for       
            Japanese manufacturing?.  38p.                              
     356    Ito, Takatoshi & Sasaki, Yuri Nagataki.  Impacts of the     
            Basle capital standard on Japanese banks' behavior.  52p.   
     358    Kurosaki, Takashi & Fafchamps, Marcel.  Insurance market    
            efficiency and crop choices in Pakistan.  54p.              
     372    Ito, Takatoshi.  Asian exports: principal causes of         
            deceleration.  94p.                                         
     371    Ito, Takatoshi.  Capital flows in Asia.  63p.               
     368    Nakatsuma, Teruo.  Bayesian analysis of the convergence     
            hypothesis in economic growth: a Markov mixture approach.   
            26p.                                                        
     367    Suzumura, Kotaro.  Welfare economics and the welfare state. 
            27p.                                                        
     364    Odaka, Konosuke.  American factories/Japanese factories.    
            10p.                                                        
     365    Suzumura, Kotaro & Xu, Yongsheng.  Characterizations of     
            consequentialism and nonconsequentialism.  20p.             
     366    Suzumura, Kotaro & Xu, Yongsheng.                           
            Welfarist-consequentialism, similarity of attitudes, and    
            Arrow's general impossibility theorem.  19p.                
     363    Zhong, Maochu.  Five kinds of macroeconomic activities:     
            macroeconomic models and the analysis of the Chinese economy
            (1991-1998).  25p.                                          
     378    Dallago, Bruno.  Asset specificity and change.  24p.        
     377    Islamov, Bakhtior.  Foreign trade of Central Asian          
            independent states: what is the main trend? Globalization   
            and regionalization or re-.  30p.                           


                                                           PAGE  47

     376    Watanabe, Katsunori, Watanabe, Takayuki & Watanabe, Tsutomu.
             Tax policy and consumer spending: evidence from Japanese   
            fiscal experiments.  50p.                                   

     HONG KONG UNIVERSITY OF SCIENCE & TECHNOLOGY.  Dept. of Economics. 

     97-9   Bai, Chong-en & Tao, Zhigang.  Contract mix and ownership.  
            37p.                                                        
     98-6   Chen, Kong-Pin.  You might be abler, but I get promoted:    
            power struggle within organizations.  26p.                  
     98-4   Chen, Kong-Pin & Chu, C.Y. Cyrus.  A model of corporate     
            income tax evasion: internal control vs. external           
            manipulation.  25p.                                         
     98-5   Chen, Kong-Pin.  Term-limit legislation as response to      
            incumbency advantage.  22p.                                 
     97-2   Cheng, Leonard K. & Tao, Zhigang.  The impact of public     
            policies on innovation and imitation: the role of R & D     
            technology in growth models.  30p.                          
     97-1   Choi, Woon Gyu & Oh, Seonghwan.  The money demand function  
            in the U.S.: the role of output uncertainty, monetary       
            uncertainty, and financial innovati.  37p.                  
     9713   Cremers, Emily T.  General equilibrium with trade balance   
            and real interest rate parity.  23p.                        
     9712   Epstein, Larry G.  Uncertainty aversion.  47p.              
     97-6   Hendricks, Ken, Piccione, Michele & Tan, Guofu.  Equilibria 
            in networks.  61p.                                          
     9714   Hong, Chew Soo & Konrad, Kai A.  Bandwagon effect and       
            two-party majority voting.  11p.                            
     98-2   Lee, Lung-Fei.  Interpolation, quadrature and stochastic    
            integration.  25p.                                          
     97-3   Lee, Lung-Fei.  Simulated efficient estimation of dynamic   
            multi-market disequilibrium models.  27p.                   
     97-4   Lee, Lung-Fei.  Some common structures of simulated         
            specification tests in multinormal discrete and limited     
            dependent variables mod.  31p.                              
     97-5   Niou, Emerson M.S. & Tan, Guofu.  External threats,         
            incentive schemes, and defense budget sharing: a collective 
            good model.  24p.                                           
     98-3   Qiu, Larry.  Foreign direct investment incentives: the      
            principle of comparative advantage once again.  30p.        
     97-8   Tan, Guofu & Yuan, Lasheng.  Complements, substitutes and   
            strategic divestitures.  34p.                               
     97-7   Tan, Guofu & Wang, Ruqu.  Endogenous coalition formation in 
            rivalry.  31p.                                              
     9710   Wen, Yi.  Capacity utilization under increasing returns to  
            scale.  36p.                                                
     9711   Wen, Yi.  Understanding self-fulfilling rational            
            expectations equilibria in real business cycle models.  23p.
     98-1   Zhang, Wei & Lee, Lung-Fei.  Simulation estimation of       
            dynamic discrete choice panel models with accelerated       
            importance samplers.  30p.                                  
     99-3   Chen, Kong-Pin, Chiang, Shin-Hwan & Leung, Siu Fai.         
            Migration as portfolio selection.  26p.                     
     99-4   Cheng, Leonard K. & Kwan, Yum K.  What are the determinants 
            of the location of foreign direct investment?: the Chinese  
            experience.  38p.                                           


                                                           PAGE  48

     99-5   Dasgupta, Sudipto, Goyal, Vidhan & Tan, Guofu.  Active asset
            markets, divestitures and divisional cross-subsidization.   
            37p.                                                        
     99-6   Hong, Chew Soo & Tan, Guofu.  The market for sweepstakes.   
            36p.                                                        
     99-2   Lai, Edwin L.C. & Qiu, Larry D.  Northern intellectual      
            property rights standard for the South?.  29p.              
     99-7   Qiu, Larry D. & Tao, Zhigang.  Export, foreign direct       
            investment and local content requirement.  26p.             
     99-1   Qiu, Larry D. & Lai, Edwin L.C.  Trade and intellectual     
            property rights protection: by whom and for what?.  32p.    

     UNIVERSITY OF ICELAND.  Faculty of Economics & Business Admin.     

     9813   Agnarsson, Sveinn, et al.  EMU and the Icelandic labor      
            market.  51p.                                               
     9814   Gylfason, Thorvaldur.  Exports, inflation, and growth.  36p.
     9812   Orszag, J. Michael & Snower, Dennis.  From unemployment     
            benefits to unemployment support accounts.  22p.            
     9809   Gylfason, Thorvaldur.  Privatization, efficiency, and       
            economic growth.  22p.                                      
     9808   Herbertsson, Tryggvi T. & Zoega, Gylfi.  Trade surpluses and
            life-cycle saving behaviour.  12p.                          
     9811   Orszag, J. Michael.  Actuarial discretion vs. rules in      
            regulation of pension funds.  24p.                          
     9810   Einarsson, Tor & Marquis, Milton H.  Uncertain labor quality
            and asset pricing.  28p.                                    
     9901   Booth, Alison L., Chen, Yu-Fu & Zoega, Gylfi.  Hiring and   
            firing: a tale of two thresholds.  19p.                     
     9903   Orszag, J. Michael & Snower, Dennis J.  Anatomy of policy   
            complementarities.  29p.                                    
     9902   Paldam, Martin & Svendsen, Gert T.  Is social capital an    
            effective smoke condenser?: an essay on a concept linking   
            the social sciences.  29p.                                  
     9906   Benediktsson, Haukur C., et al.  Generational accounts for  
            Iceland.  26p.                                              
     9905   Bianchi, Marco, Gudmundsson, Bjorn R. & Zoega, Gylfi.       
            Iceland's natural experiment in supply-side economics.  30p.
     9904   Gylfason, Thorvaldur & Herbertsson, Tryggvi T.  Does        
            inflation matter for growth?.  24p.                         
     9908   Phelps, Edmund S.  Equilibrium and disequilibrium in 20th   
            century "macro," with attention to the share price boom of  
            the 1990s.  12p.                                            
     9909   Wallis, Kenneth F.  Macroeconometric modelling.  17p.       
     9907   Hall, Axel & Sturluson, Jon T.  Testing a CGE model: the tax
            free year in Iceland as a natural experiment.  18p.         
     9910   Herbertsson, Tryggvi T., Skuladottir, Marta & Zoega, Gylfi. 
            Three symptoms and a cure: a contribution to the economics  
            of the Dutch disease.  31p.                                 
     9911   Herbertsson, Trygvvi T. & Orszag, J. Michael.  Issues in    
            European pension reforms: supplementary pensions.  25p.     
     9912   Herbertsson, Trygvvi T., Orszag, J. Michael & Orszag, Peter 
            R.  Population dynamics and convergence in fertility rates. 
            18p.                                                        




                                                           PAGE  49


     INSTITUT NATIONAL DE LA STATISTIQUE ET DES ETUDES ECONOMIQUES.     

     9849   Collard, F., et al.  Evidence and theory on asymmetries in  
            U.S. aggregate job flows.  26p.                             
     9847   Fagart, M.C. & Picard, P.  Optimal insurance under random   
            auditing.  42p.                                             
     9842   Ferrera, L. & Guegan, D.  Analyse d'intervention et         
            previsions: problematique et application a des donnees de la
            RATP.  18p.                                                 
     9845   Franq, C., Roussignol, M. & Zakoian, J.M.  Conditional      
            heteroskedasticity driven by hidden Markov chains.  25p.    
     9843   Fougere, D., Goux, D. & Maurin, E.  Formation continue et   
            carrieres salariales: une evaluation sur donnees            
            individuelles.  20p.                                        
     9840   Ghysels, E., Gourieroux, C. & Jasiak, J.  Causality between 
            returns and traded volumes.  38p.                           
     9841   Gourieroux, C. & Jasiak, J.  Nonlinear autocorrelograms: an 
            application to intra-trade durations.  32p.                 
     9850   Gourieroux, C. & Jasiak, J.  Nonlinear panel data models    
            with dynamic heterogeneity.  24p.                           
     9839   Guegan, D. & Nguyen, J.M.  The multivariate threshold model:
            an alternative to detect breaks and hidden cycles on real   
            data.  13p.                                                 
     9851   Lesne, J.P., Prigent, J.L. & Scaillet, O.  Convergence of   
            discrete time option pricing models under stochastic        
            interest rates.  12p.                                       
     9844   Philippe, A. & Robert, C.P.  Riemann sums for MCMC          
            estimation and convergence monitoring.  21p.                
     9838   Robin, J.M. & Roux, S.  Random or balanced matching: an     
            equilibrium search model with endogenous capital and        
            two-sided search.  60p.                                     
     9846   Vallet, L.A.  Quarante annees de mobilite sociale en France:
            l'evolution de la fluidite sociale a la lumiere de modeles  
            recents.  43p.                                              
     9855   Darolles, S., Florens, J.P. & Gourieroux, C.  Kernel based  
            nonlinear canonical analysis.  51p.                         
     9853   Goux, D. & Maurin, W.E.  The decline in demand for unskilled
            labor: an empirical analysis method and its application to  
            France.  48p.                                               
     9848   Gregoir, S. & Lenglart, F.  Measuring the probability of a  
            business cycle turning point by using a multivariate        
            qualitative hidden Markov model.  23p.                      
     9852   Jeleva, M.  Background risk, demand for insurance and       
            Choquet expected utility preferences.  22p.                 
     9901   Billio, M. & Monfort, A.  Functional indirect inference.    
            27p.                                                        
     9857   Blanke, D., Bosq, D. & Guegan, D.  Modelization and         
            nonparametric estimation for a dynamical system with noise. 
            27p.                                                        
     9906   Deelstra, Griselda, Grasseli, Martino & Koehl,              
            Pierre-Francois.  Conditional dominance criteria: definition
            and application to risk management.  19p.                   
     9856   Druilhet, P.  Optimality of neighbour balanced designs.     
            13p.                                                        



                                                           PAGE  50

     9905   Gaumont, Damien & Mesnard, Alice.  Altruism and             
            international labour migration.  13p.                       
     9902   Goux, D., Maurin, E. & Pauchet, M.  Fixed-term contracts and
            the dynamics of labour demand.  57p.                        
     9907   Laurent, J.P. & Scaillet, O.  Variance optimal cap pricing  
            model.  41p.                                                
     9903   Lieberman, Offer, Rousseau, Judith & Zucker, David M.  Valid
            asymptotic expansions for the maximum likelihood estimator  
            of the parameter of a stationary, Gaussian strongl.  24p.   
     9904   Margolis, D.  Part-year employment, slow reemployment and   
            earnings losses: the case of worker displacement in France. 
            43p.                                                        
     9854   Pintus, P., Sands, D. & de Vilder, R.  On the transition    
            from local regular to global irregular fluctuations.  32p.  
     9858   van den Berg, G.J. & van der Klaauw, B.  Combining micro and
            macro unemployment duration data.  53p.                     
     9914   Celeux, Gilles, Hurn, Merrilee & Robert, Christian P.       
            Computational and inferential difficultues with mixture     
            posterior distributions.  42p.                              
     9912   Crepon, B. & Kramarz, F.  Working 40 hours or not-working   
            39: lessons from the 1981 mandatory reduction of weekly     
            working hours.  16p.                                        
     9908   Gourieroux, C. & Jasiak, J.  Dynamic factor models.  43p.   
     9909   Laurent, J.P. & Leisen, D.  Building a consistent pricing   
            model from observed option prices.  24p.                    
     9910   Robert, Christian P., Ryden, Tobias & Titterington, D.M.    
            Bayesian inference in hidden Markov models through jump     
            Markov Chain Monte Carlo.  19p.                             
     9929   Baraud, Y., Comte, F. & Viennet, G.  Model selection for    
            (auto-)regression with dependent data.  21p.                
     9925   Belan, P. & Michel, P.  Labor force participation and       
            unemployment.  17p.                                         
     9915   Berred, Alexandre M.  On the maximal and minimal excursion  
            endpoints of the partial sum process.  7p.                  
     9932   Chesher, Andrew, et al.  Bartlett identities tests.  18p.   
     9928   Collard, F. & Dupaigne, M.  Output dynamics and the workweek
            of capital.  21p.                                           
     9934   Cressie, N.  Spatial statistics applied to environmental    
            problems in the life and medical sciences.  10p.            
     9930   Dubois, Pierre.  Moral hazard, land fertility and           
            sharecroping in a rural area of the Philippines.  35p.      
     9927   Ferrara, L. & Guegan, D.  Estimation and applications of    
            Gegenbauer processes.  30p.                                 
     9919   Goux, Dominique & Maurin, Eric.  Selection in the           
            educational system and in social elites: a comparison       
            between France and the United States.  48p.                 
     9924   Guerre, Emmanuel & Lieberman, Offer.  An alpha-level        
            adaptive test for regression models via regressogram        
            selection.  30p.                                            
     9918   Landsberger, M., et al.  First-price auctions when the      
            ranking of valuations in common knowledge.  17p.            
     9931   Laroque, Guy & Salanie, B.  Breaking down married female    
            non-employment in France.  34p.                             
     9936   Lecocq, S., et al.  The impact of information on wine       
            auction prices: results of an experiment.  25p.             



                                                           PAGE  51

     9935   Lieberman, Offer, Rousseau, Judith & Zucker, David M.  Small
            sample asymptotics for the sample autocorrelation function  
            under long range dependence.  14p.                          
     9916   Magnac, Thierry & Thesmar, David.  Identifying dynamic      
            discrete choice models: an application to school-leaving in 
            France.  56p.                                               
     9940   Gregoir, S. & Lenglart, F.  Coordinating agents' actions:   
            the influence of macroeconomic information on firm-level    
            expectations.  51p.                                         
     9937   Lieberman, Offer, Rousseau, Judith & Zucker, David M.  Small
            sample likelihood-based inference in the ARFIMA model.  26p.
     9939   Beaudry, P., Cahuc, P. & Kempf, H.  Is it harmful to allow  
            partial cooperation?.  17p.                                 
     9943   Butucea, Cristina.  Two adaptive rates of convergence in    
            pointwise density estimation.  28p.                         
     9942   Butucea, Cristina & Neumann, M.H.  Exact asymptotics for    
            nonparametric density estimation from dependent data.  36p. 
     9938   Cahuc, P. & Zylberberg, A.  Job protection, minimum wage and
            unemployment.  25p.                                         
     9941   Carrasco, Marine & Chen, Xiaohong.  Beta mixing and moment  
            properties of various GARCH, stochastic volatility, and ACD 
            models.  26p.                                               
     9944   Gourieroux, C. & Jasiak, J.  Nonlinear innovations and      
            impulse responses.  42p.                                    
     9945   Pommeret, Denys.  Orthogonal and pseudo-orthogonal          
            multidimensional Appell polynomials.  16p.                  

     INSTITUTO DE ESTUDIOS ECONOMICOS DE GALICIA PEDRO BARRIE de la MAZA

     7      Esteban, Joan.  Notes on conflict and cooperation.  27p.    
     8      Esteban, Joan & Sakovics, Jozsef.  A disagreement theory of 
            bargaining.  26p.                                           
     23     Esteban, Joan & Ray, Debraj.  Collective action and the     
            group size paradox.  18p.                                   
     22     Esteban, Joan & Ray, Debraj.  Social decision rules are not 
            immune to conflict.  14p.                                   
     24     Esteban, Joan, Gradin, Carlos & Ray, Debraj.  Extensions of 
            a measure of polarization, with an application to the income
            distribution of five OECD countries.  32p.                  
     14     Bajona, Claustre.  Specific factors, lenaring and the       
            dynamics of trade.  34p.                                    
     9      Chamorro Rivas, Jose Maria.  Plant proliferation in a       
            spatial model of Cournot competition.  23p.                 
     11     de la Croix, David & Licandro, Omar.  Life expectancy and   
            endogenous growth.  12p.                                    
     6      Esteban, Joan & Ray, Debraj.  Conflict and distribution.    
            52p.                                                        
     17     Fernandez de Cordoba, Gonzalo & Kehoe, Timothy.  Capital    
            flows and real exchange rate fluctuations following Spain's 
            entry into the European Community.  46p.                    
     13     Munoz, Rafael.  A Spanish business cycle model with         
            heterogeneous agents.  24p.                                 
     12     Perez-Garcia, Javier J.  Monetary policy rules and inflation
            volatility under fiscal constraints.  34p.                  




                                                           PAGE  52

     16     Restrepo-Ochoa, Sergio J & Vazquez, Jesus.  Model based     
            filtering in endogenous growth models: an introduction.     
            35p.                                                        

     UNIVERSITY OF IOWA.  Department of Economics.                      

     9902   Horowitz, Joel L. & Spokoiny, Vladimir G.  An adaptive,     
            rate-optimal test of parametric model against a             
            nonparametric alternative.  37p.                            
     9901   Otrok, Christopher, Ravikumar, B. & Whiteman, Charles H.    
            Evaluating asset-pricing models using the Hansen-Jagannathan
            bound: a Monte Carlo investigation.  30p.                   
     9903   Williamson, Stephen D. & Wang, Cheng.  Moral hazard, optimal
            unemployment insurance, and experience rating.  58p.        
     9905   Jin, Yi & Temzelides, Ted.  On the local interaction of     
            money and credit.  22p.                                     
     9906   Neumann, George R.  Job destruction and wage dynamics.  22p.
     9904   Ravikumar, B., Ray, Surajit & Savin, N.E.  CAPM             
            reconsidered: a robust finite sample evaluation.  32p.      
     9908   Ingram, Beth F. & Neumann, George R.  An analysis of the    
            evolution of the skill premium.  22p.                       
     9907   Lobato, I.N., Nankervis, John C. & Savin, N.E.  A robust    
            test for autocorrelation n the presence of statistical      
            dependence.  29p.                                           
     9909   Solow, John L..  Exorcising the ghost of cigarette          
            advertising past: collusion, regulation and fear            
            advertising.  28p.                                          

     IOWA STATE UNIVERSITY.  Department of Economics.                   

     310    Gervais, Jean-Philippe & Lapan, Harvey E.  Trade policy and 
            time consistency in an oligopsonistic world market.  28p.   
     46     Morelli, Massimo.  Party formation and policy outcomes under
            different electoral systems.  32p.                          
     315    Moschini, Giancarlo.  Production risk and the estimation of 
            ex-ante cost functions.  30p.                               
     314    Huffman, Wallace E.  Finance, organization, and impacts of  
            U.S. agricultural research: future prospects.  42p.         
     326    Falk, Barry & Roy, Anindya.  Efficiency tradeoffs in        
            estimating the trend and error structure of the linear      
            model.  7p.                                                 
     325    Falk, Barry & Lee, Bong-Soo.  Revisiting the Phillips curve 
            with a structural VAR.  19p.                                
     322    Huffman, Wallace E.  Human capital: education and           
            agriculture.  55p.                                          
     323    Lapan, Harvey & Moschini, Giancarlo.  Incomplete adoption of
            a superior innovation.  28p.                                
     321    Li, Yang & Huffman, Wallace E.  International re-migration  
            analysis: evidence from Puerto Ricans.  32p.                
     319    Moschini, Giancarlo & Hennessy, David A.  Uncertainty, risk 
            aversion and risk management for agricultural producers.    
            101p.                                                       
     327    Roy, Anindya, Falk, Barry & Fuller, Wayne A.  Estimation of 
            the trend model with autoregressive errors.  30p.           




                                                           PAGE  53

     50     Tesfatsion, Leigh.  Hysteresis in an evolutionary labor     
            market with adaptive search.  30p.                          
     51     Tesfatsion, Leigh.  Structure, behavior, and market power in
            an evolutionary labor market with adaptive search.  49p.    

     BANCA DE ITALIA.  Research Department.                             

     341    Giannini, Curzio.  "Enemy of none but a common friend of    
            all?":an international perspective on the                   
            lender-of-last-resort function.  70p.                       
     343    Corsetti, G., Pesenti, P. & Roubini, N.  What caused the    
            Asian currency and financial crisis?.  73p.                 
     342    Marchetti, Domenico J. & Parigi, Guiseppe.  Energy          
            consumption, survey data and the prediction of industrial   
            production in Italy.  46p.                                  
     344    Nucci, Francesco & Pozzolo, Alberto F.  Investment and the  
            exchange rate.  43p.                                        
     345    Schivardi, Fabiano.  Reallocation and learning over the     
            business cycle.  43p.                                       
     347    Baffigi, Alberto, Pagnini, Marcello & Quintiliani, Fabio.   
            Industrial districts and local banks: do the twins ever     
            meet?.  69p.                                                
     350    Brandolini, Andrea.  The distribution of personal income in 
            post-war Italy: source description, data quality, and the   
            time pattern of in.  77p.                                   
     351    Lippi, Francesco.  Median voter preferences, central bank   
            independence and conservatism.  26p.                        
     354    Altissimo, F., Siviero, S. & Terlizzese, D.  How deep are   
            the deep parameters?.  51p.                                 
     356    Gambacorta, Leonardo.  What is the optimal institutional    
            arrangement for a monetary union?.  49p.                    
     353    Panetta, Fabio & Violi, Roberto.  Is there an equity premium
            puzzle in Italy?: a look at asset returns, consumption and  
            financial structure data over.  63p.                        
     355    Zaghini, Andrea.  The economic policy of fiscal             
            consolidations: the European experience.  47p.              

     LA TROBE UNIVERSITY.  Department of Economics.                     

     9806   Choe, Chongwoo & Yin, Xiangkang.  Contract management       
            responsibility systems and profit incentives in China's     
            state-owned enterprises.  17p.                              
     9807   Choe, Chongwoo & Yin, Xiangkang.  Do China's state-owned    
            enterprises maximze profit?.  21p.                          
     9804   Dungey, Mardi.  Why tax foreign exchange?: comments on a    
            proposed Tobin tax.  8p.                                    
     9808   Hewarathna, Ramya & Silvapulle, Param.  Forecasting         
            inflation from the term structure of interest rates.  21p.  
     9805   Will, Lou.  NESB immigrant income catch-up in Australia:    
            does functional form matter?.  28p.                         
     9814   Amiti, Mary.  Regional specialisation and technological     
            leapfrogging.  22p.                                         
     9809   Banik, Shipra & Silvapulle, Param.  Finite sample properties
            of seasonal fractional integration tests.  19p.             




                                                           PAGE  54

     9816   Beg, A.B.M. Rabiul Alam, Silvapulle, Mervyn J. & Silvapulle,
            Paramsothy.  Robust tests against smooth transition         
            autoregressive (STAR) models.  14p.                         
     9815   Choe, Chongwoo & Chisholm, John.  Income variables and the  
            measures of gains from crime.  8p.                          
     9811   Dunham, David & Jayasuriya, Sisira.  Equity, growth and     
            insurrection: liberalisation and the welfare debate in      
            contemporary Sri Lanka.  20p.                               
     9812   Maddock, Rodney & Ling, Xie Pei.  China's telecommunications
            and the challenge of the internet.  16p.                    
     9813   Nanere, Marthin G.  Natural resource accounting: a          
            literature review.  21p.                                    
     9810   Sadique, Shibley & Silvapulle, Param.  Long-term memory in  
            stock market prices: international evidence.  18p.          
     9817   Silvapulle, Param, Jayasuriya, Sisira & Manning, Chris.     
            Labour market integration in developing countries: a case   
            study of Indonesia.  21p.                                   
     9901   Bollen, Bernard & Inder, Brett.  Estimating daily volatility
            in financial markets utilizing intraday data.  20p.         
     9906   Pereira, Robert.  Forecasting ability but no profitability: 
            an empirical evaluation of genetic algorithm-optimised      
            technical trading .  27p.                                   
     9903   Yin, Xiangkang.  A dynamic analysis of overstaff in China's 
            state-owned enterprises.  25p.                              
     9904   Yin, Xiangkang.  A model of shareholder discounts.  23p.    
     9902   Yin, Xiangkang & Zuscovitch, Ehud.  Interaction of drastic  
            and incremental innovations: economic development through   
            Schumpeterian waves.  31p.                                  

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

     9812   Abul Naga, Ramses H.  Estimating the intergenerational      
            correlation of incomes: an errors in variables framework.   
            17p.                                                        
     9811   Aghion, Philippe, Bacchetta, Philippe & Banerjee, Abhijit.  
            Financial liberalization and volatility in emerging market  
            economies.  33p.                                            
     9817   Gassner, Katharina.  An estimation of UK telephone access   
            demand using pseudo-panel data.  25p.                       
     9819   Imbs, Jean.  Co-fluctuations.  41p.                         
     9810   Neven, Damien J., Roller, Lars-Hendrik & Zhang, Zhentang.   
            Union power and product market competition: evidence from   
            the airline industry.  25p.                                 
     9814   Von Ungern-Sternberg, Thomas.  Property insurance in        
            Britain.  31p.                                              
     9821   Imbs, Jean.  Technology, growth and the business cycle.     
            20p.                                                        
     9820   von Thadden, Ernst-Ludwig.  Liquidity creation through banks
            and markets: multiple insurance and limited market access.  
            18p.                                                        
     9910   Abul Naga, Ramses & Krishnakumar, Jaya.  Panel data         
            estimation of the intergenerational correlation of incomes. 
            27p.                                                        
     9902   Bichsel, Robert.  A silver rule for financing local         
            transport facilities.  24p.                                 



                                                           PAGE  55

     9912   Berglof, Erik & von Thadden, Ernst-Ludwig.  The changing    
            corporate governance paradigm: implications for transition  
            and developing countries.  29p.                             
     9901   Domenighetti, Gianfranco.  Does provision of an             
            evidence-based information change public willingness to     
            accept a screening test?.  9p.                              
     9907   Domenighetti, Gianfranco, d'Avanzo, Barbara & Bisig,        
            Brigitte.  Health effects of job insecurity among employees 
            in Swiss general population.  17p.                          
     9906   Imbs, Jean.  Fluctuations, bilateral trade and the exchange 
            rate regime.  31p.                                          
     9908   Mangano, Gabriel.  Monetary policy in EMU: a voting power   
            analysis of coalition formation in the European Central     
            Bank.  54p.                                                 
     9903   Raess, Pascal & von Ungern-Sternberg, Thomas.  A model of   
            regulation in the housing market.  38p.                     

     LONDON SCHOOL OF ECONOMICS.  Financial Markets Group.              

     307    Blake, David & Timmermann, Allan.  Mutual fund performance: 
            evidence from the U.K.  25p.                                
     309    Brunnermeier, Markus K.  Buy on rumours - sell on news: a   
            manipulative trading strategy.  28p.                        
     306    Nobay, A. Robert & Peel, David A.  Optimal monetary policy  
            in a model of asymmetric central bank preferences.  14p.    
     308    Schellekens, Philip & Chadha, Jagjit.  Utility functions for
            central bankers: the not so drastic quadratic.  35p.        
     313    Goodhart, Charles A.E. & Huang, Haizhou.  A model of the    
            lender of last resort.  41p.                                
     310    Ortalo-Magne, Francois & Rady, Sven.  Boom in, bust out:    
            young households and the housing price cycle.  18p.         
     312    Sentana, Enrique.  Least squares predictions and            
            mean-variance analysis.  25p.                               
     311    Timmermann, Allan.  Structural breaks, incomplete           
            information and stock prices.  43p.                         
     318    Alger, Ingela & Ma, Ching-to Albert.  Moral hazard,         
            insurance, and some collusion.  33p.                        
     316    Hoffman-Burchardi, Ulrike.  Clustering of initial public    
            offerings, information revelation and underpricing.  36p.   
     315    Hoffman-Burchardi, Ulrike.  Corporate governance rules and  
            the value of control: a study of German dual class shares.  
            38p.                                                        
     314    Schellekens, Philip.  Conservatism at no real cost: monetary
            policy delegation reconsidered.  36p.                       
     317    Vitale, Paolo.  Foreign exchange intervention and           
            macroeconomic stability.  34p.                              
     320    Danielsson, Jon & Payne, Richard.  Real trading patterns and
            prices in spot foreign exchange markets.  39p.              
     321    Ellul, Andrew.  Inter-market price and volatility impacts   
            generated by large trades: the case of European cross-quoted
            securities.  60p.                                           
     322    Pesaran, M. Hashem & Timmermann, Allan.  A recursive        
            modelling approach to predicting U.K. stock returns.  40p.  
     323    Timmermann, Allan.  Moments of Markov switching models.     
            39p.                                                        



                                                           PAGE  56

     319    Zigrand, Jean-Pierre.  Arbitrage and endogenous market      
            integration.  54p.                                          
     329    Brunnermeier, Markus & Grafe, Clemens.  Contrasting         
            different forms of price stickiness: an analysis of exchange
            rate overshooting and the beggar thy neigh.  29p.           
     326    Carletti, Elena.  Bank moral hazard and market discipline.  
            25p.                                                        
     325    Dahlstrom, Tom & Mella-Barral, Pierre.  Corporate walkout   
            decisions and the value of default.  40p.                   
     328    Dessi, Roberta.  Financing entrepreneurs: optimal contracts 
            and the role of intermediaries.  28p.                       
     327    Freixas, Xavier.  Optimal bail out policy, conditionality,  
            and creative ambiguity.  31p.                               
     330    Hoffman-Burchadi, Ulrike.  `Barbarians in chains': takeover 
            regulation and minority shareholder wealth.  43p.           
     324    Koopman, Siem Jan & Lai, Hung Neng.  Modelling bid-ask      
            spreads in competitive dealership markets.  26p.            
     334    Bhattacharya, Sudipto & Nicodano, Giovanna.  Insider        
            trading, investment, and liquidity: a welfare analysis.     
            31p.                                                        
     331    Black, Jane & Tonks, Ian.  Time series of commodity futures 
            prices.  25p.                                               
     332    Friedrich, Sylvain, et al.  Stock price patterns around the 
            trades of corporate insiders on the London Stock Exchange.  
            38p.                                                        
     333    Nier, Erland.  Equity finance, adverse selection and product
            market competition.  45p.                                   

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

     364    de Meza, David & Lockwood, Ben.  The property-rights theory 
            of the firm with endogenous timing of asset purchase.  31p. 
     366    Maskin, Eric & Moore, John.  Implementation and             
            renegotiation.  44p.                                        
     367    Roberts, Kevin.  Dynamic voting in clubs.  37p.             
     369    Keller, Godfrey & Rady, Sven.  Market experimentation in a  
            dynamic differentiated good duopoly.  32p.                  

     UNIVERSITY OF LONDON-BIRKBECK COLLEGE.  Department of Economics.   

     10/98  Herbertsson, Tryggvi T. & Zoega, Gylfi.  Trade surpluses and
            life-cycle saving behaviour.  9p.                           

     UNIVERSITY COLLEGE LONDON.  Department of Economics.               

     9812   Bonjour, Dorothe & Pacelli, Lia.  Wage formation and the    
            gender wage gap: do institutions matter?  Italy and         
            Switzerland compared.  39p.                                 
     9809   Carlin, Wendy & Mayer, Colin.  Finance, investment and      
            growth.  42p.                                               
     9813   Chick, Victoria.  Two further essays on equilibrium.  25p.  
     9810   Dustmann, Christian & Preston, Ian.  Attitudes to ethnic    
            minorities, ethnic context and location decisions.  37p.    
     9811   Jehiel, Philippe.  Information, aggregation and             
            communication in organizations.  29p.                       



                                                           PAGE  57

     9902   Adda, Jerome.  Mad cows: health risk and endogenous discount
            rates.  34p.                                                
     9808   Blundell, Richard, Browning, Martin & Crawford, Ian.        
            Nonparametric Engel curves and revealed preference.  59p.   
     9814   Ottaviani, Marco & Sorensen, Peter.  Herd behavior and      
            investment: comment.  8p.                                   
     9815   Ottaviani, Marco & Sorensen, Peter.  Information aggregation
            in debate.  32p.                                            
     9816   Ottaviani, Marco & Prat, Andrea.  The value of public       
            information in monopoly.  7p.                               
     9903   Pereira, Sonia C.  The impact of minimum wages on youth     
            employment in Portugal.  52p.                               
     9901   Preston, Ian & Thomas, Jonathan.  Batting strategy in       
            limited overs cricket.  20p.                                

     UNIVERSITE CATH. DE LOUVAIN.  Ctr. for Op. Research & Econometrics.

     9831   Albano, Gian Luigi & Jouneau, Frederic.  A Bayesian approach
            to the econometrics of first-price auctions.  29p.          
     9817   Alboth, Dirk, Lerner, Anat & Shalev, Jonathan.  Profit      
            maximizing in auctions of public goods.  32p.               
     9808   Andersen, Erling D. & Anderson, Knud D.  A parallel         
            interior-point algorithm for linear programming on a shared 
            memory machine.  36p.                                       
     9846   Baghdadli, Ilhem & Henriet, Dominique.  Proliferation under 
            threat of entry: pre-emptive investment or "hopeful         
            monsters?".  14p.                                           
     9858   Baland, Jean-Marie, Dreze, Jean & Leruth, Luc.  Daily wages 
            and piece rates in agrarian economies.  23p.                
     9822   Barbera, Salvadore, Maschler, Michael & Shalev, Jonathan.   
            Voting for voters: a model of electoral evolution.  48p.    
     9844   Bauwens, Luc & Giot, Pierre.  Asymmetric autoregressive     
            conditional duration models: introducing price information  
            in ACD models with a two state.  16p.                       
     9849   Belvaux, Gaetan & Wolsey, Laurence A.  Lot-sizing problems: 
            modelling issues and a specialized branch-and-cut system    
            bc-prod.  34p.                                              
     9830   Bloch, Francis & Ferrer, Helene.  Strategic complements and 
            substitutes in bilateral oligopolies.  9p.                  
     9813   Bloise, Gaetano.  Sunspot equilibria out of the stable      
            manifold.  13p.                                             
     9837   Bloise, Gaetano, Currarini, Sergio & Kikidis, Nicholas.     
            Inflation, welfare and public goods.  17p.                  
     9803   Boadway, Robin, Marchand, Maurice & Vigneault, Marianne.    
            The consequences of overlapping tax bases for redistribution
            and public spending in a federation.  32p.                  
     9852   Boccard, Nicolas.  A necessary condition for optimality in  
            renegotiation design.  11p.                                 
     9818   Boccard, Nicolas & Wauthy, Xavier.  Import restraints and   
            quality choice under vertical differentiation.  30p.        
     9863   Braila, Chrissopighi & Turrini, Alessandro.  Assets, human  
            capital, and growth.  18p.                                  
     9816   Calcagno, Riccardo & Lovo, Stefano M.  Bid-ask price        
            competition with asymmetric information between market      
            makers.  33p.                                               



                                                           PAGE  58

     9819   Calvet, Laurent, Grandmont, Jean-Michel & Lemaire, Isabelle.
             Heterogeneous probabilities in complete asset markets.     
            15p.                                                        
     9838   Casamatta, Georges, Cremer, Helmuth & Pestieau, Pierre.  On 
            the political sustainability of redistributive social       
            insurance systems.  29p.                                    
     9859   Calvalcante, Cristina C.B., et al.  Scheduling projects with
            labor constraints.  27p.                                    
     9854   Chander, Parkash.  International treaties on global         
            pollution: a dynamic time-path analysis.  12p.              
     9806   Cremer, Helmuth & Pestieau, Pierre.  Non-linear taxation of 
            bequests, equal sharing rules and the tradeoff between      
            intra- and inter-family inequalities.  20p.                 
     9805   Crettez, Bertrand, Michel, Philippe & Wigniolle, Bertrand.  
            Cash-in-advance constraints in the Diamond overlapping      
            generations models: neutrality and optimality of monetary   
            po.  29p.                                                   
     9851   D'Addio, Anna Cristina.  Employment durations of French     
            young people.  36p.                                         
     9810   d'Aspremont, Claude, Cremer, Jacques & Gerard-Varet,        
            Louis-Andre.  Unique implementation in auctions and in      
            public goods problems.  16p.                                
     9857   Del Rey Canteli, Elena.  The effects of economic integration
            on the provision of mandatory education as a redistributive 
            policy.  21p.                                               
     9861   de Palma, Andre & Nesterov, Yurii.  Optimization            
            formulations and static equilibrium in congested            
            transportation networks.  34p.                              
     9843   De Sinopoli, Francesco.  Strategic stability and            
            non-cooperative voting games: the plurality rule.  14p.     
     9834   De Sinopoli, Francesco.  Two results about generic non      
            cooperative voting games with plurality rule.  14p.         
     9845   Dreze, Jacques H. & Herings. P. Jean-Jacques.  Continua of  
            underemployment equilibria.  32p.                           
     9853   Dreze, Jacques H. & Polemarchakis, Heracles M.              
            Intertemporal general equilibrium and monetary theory.  29p.
     9865   Fleurbaey, Marc & Maniquet, Francois.  Optimal income       
            taxation: an ordinal approach.  26p.                        
     9848   Gabszewicz, Jean J. & Grazzini, Lisa.  Taxing market power. 
            15p.                                                        
     9832   Germain, Marc, et al.  Transfers to sustain core-theoretic  
            cooperation in international stock pollutant control.  28p. 
     9833   Germano, Fabrizio.  On Nash equivalence classes of generic  
            normal form games.  31p.                                    
     9812   Gevers, Louis & Michel, Philippe.  Economic dynasties with  
            intermissions.  31p.                                        
     9801   Goemans, Michel X. & Williamson, David P.  Two-dimensional  
            Gantt charts and a scheduling algorithm of Lawler.  18p.    
     9835   Gossner, Olivier.  Repeated games played by                 
            cryptographically sophisticated players.  20p.              
     9856   Gossner, Olivier & Vieille, Nicolas.  Repeated communication
            through the mechanism "and".  19p.                          
     9823   Gossner, Olivier & Vieille, Nicolas.  Strategic learning in 
            games with symmetric information.  31p.                     




                                                           PAGE  59

     9811   Gunluck, Oktay & Pochet, Yves.  Mixing mixed-integer        
            inequalities.  30p.                                         
     9847   Hafner, Christian M. & Herwartz, Helmut.  Volatility impulse
            response functions for multivariate GARCH models.  16p.     
     9829   Herings, P. Jean-Jacques & Vannetelbosch, Vincent J.  The   
            equivalence of the Dekel-Fudenberg iterative procedure and  
            weakly perfect rationalizability.  11p.                     
     9841   Herings, Jean-Jacques & Polemarchakis, Heracles.  Pareto    
            improving price regulation when the asset market is         
            incomplete.  43p.                                           
     9864   Jansen, Marion & Turrini, Alessandro.  Job creation, job    
            destruction, and the international division of labour.  27p.
     9820   Jouvet, Pierre-Andre.  Voluntary contributions with         
            uncertainty: the environmental quality.  21p.               
     9855   Kerstens, Kristiaan & Vanden Eeckaut, Philippe.             
            Distinguishing technical and scale efficiency on non-convex 
            technologies: theoretical analysis and empirical illust.    
            29p.                                                        
     9809   Koutsougeras, Leonidas C.  On a three way equivalence.  9p. 
     9866   Lubrano, Michel.  Smooth transition GARCH models: a Bayesian
            perspective.  29p.                                          
     9839   Marchand, Hugues & Wolsey, Laurence A.  Aggregation and     
            mixed integer rounding to solve mixed integer programs.     
            18p.                                                        
     9802   Marini, Marco.  Managers' compensation and collusive        
            behaviour under Cournot oligopoly.  14p.                    
     9840   Michel, Philippe & Pestieau, Pierre.  Fiscal policy when    
            individuals differ regarding to altruism and labor supply.  
            18p.                                                        
     9827   Mouchart, Michel & Scheihing, Eliana.  Bayesian evaluation  
            of non-admissible conditioning: the case of Fisher test.    
            27p.                                                        
     9850   Mouchart, Michel & San Martin, Ernesto.  Bayesian           
            specification and identification of a class of mixture      
            models.  11p.                                               
     9825   Mouchart, Michel & San Martin, Ernesto.  Identification     
            problems in a class of mixture models with an application to
            the LISREL model.  21p.                                     
     9824   Mouchart, Michel, Rolin, Jean-Marie & Scheihing, Eliana.    
            Bayesian identification of semi-parametric binary response  
            models.  25p.                                               
     9860   Nesterov, Yurii.  Global quadratic optimization via conic   
            relaxation.  23p.                                           
     9821   Nesterov, Yurii.  Parabolic target space and primal-dual    
            interior-point methods.  26p.                               
     9804   Racionero, Maria del Mar.  Optimal tax mix with merit goods.
             19p.                                                       
     9807   Rochon, Celine.  Liquidity constraints and cycles.  22p.    
     9862   Salto, Matteo.  Indeterminacy of equilibrium allocations in 
            monetary open economies.  23p.                              
     9826   Scheihing, Eliana & Mouchart, Michel.  Bayesian evaluation  
            of a semi-parametric binary response model.  47p.           
     9814   Shalev, Jonathan.  Loss aversion in repeated games.  22p.   
     9836   Simar, Leopold & Wilson, Paul W.  Productivity growth in    
            industrialized countries.  24p.                             



                                                           PAGE  60

     9828   Ventura, Luigi.  Investment decisions and normalization with
            incomplete markets: a remark.  10p.                         
     9815   Wei, Steven X.  A censored-GARCH model of asset returns with
            price limits.  30p.                                         
     9908   Bloch, Francis & Ferrer, Helene.  Trade fragmentation and   
            coordination in bilateral oligopolies.  10p.                
     9913   Boccard, Nicolas & Zenou, Yves.  Racial discrimination and  
            redlining in cities.  36p.                                  
     9903   Chander, Parkash & Khan, Ali.  International treaties on    
            trade and global pollution.  24p.                           
     9910   Cremer, Helmuth, Pestieau, Pierre & Rochet, Jean-Charles.   
            Direct versus indirect taxation: the design of tax structure
            revisited.  26p.                                            
     9904   Dreze, Jacques.  On the dynamics of supply-constrained      
            equilibria.  22p.                                           
     9911   Dutta, Bhaskar, Jackson, Matthew O. & Le Breton, Michel.    
            Strategic candidacy and voting procedures.  36p.            
     9906   Gabszewicz, Jean & Turrini, Alessandro.  Workers' skills and
            product selection.  14p.                                    
     9912   Ghirardato, Paolo & Le Breton, Michel.  Choquet rationality.
             24p.                                                       
     9905   Koutsougeras, Leonidas C.  A remark on the number of trading
            posts in strategic market games.  8p.                       
     9915   Nesterov, Yurii.  Global quadratic optimization on the sets 
            with simplex structure.  15p.                               
     9907   Nesterov, Yurii.  Stable flows in transportation networks.  
            17p.                                                        
     9909   Racionero, Maria del Mar.  Optimal redistribution with      
            unobservable preferences for an observable merit good.  24p.
     9914   Rovesti, Cinzia.  Optimal dynamic antitrust policies.  37p. 
     9901   Steinmetz, Sebastien & Zenou, Yves.  On the existence of    
            spatial monopolies under free entry.  15p.                  
     9902   Zenou, Yves.  Agglomeration economies in European and       
            American cities.  28p.                                      
     9923   Barthelemy, Vincent & Michel, Philippe.  The role of        
            education supply in economic growth and the dynamics of     
            skills.  25p.                                               
     9925   Chander, Parkash, et al.  The Kyoto protocol: an economic   
            and game theoretic interpretation.  23p.                    
     9927   De Sinopoli, Francesco & Turrini, Alessandro.  A remark on  
            voters' rationality in the Besley and Coate model of        
            representative democracy.  8p.                              
     9921   Duggan, John & Le Breton, Michel.  Mixed refinements of     
            Shapley's saddles and weak tournaments.  37p.               
     9926   Eyckmans, Johan & Tulkens, Henry.  Simulating with RICE     
            coalitionally stable burden sharing agreements for the      
            climate change problem.  33p.                               
     9924   Flachaire, Emmanuel.  A better way to bootstrap pairs.  7p. 
     9922   Giot, Pierre, Henry de Frahan, Bruno & Pirotte, Nicolas.    
            Co-integration and leadership in the European off-season    
            fresh fruit market.  29p.                                   
     9928   Iannatuoni, Giovanna.  Subgame perfection in a "divided     
            government" model.  8p.                                     
     9918   Koutsougeras, Leonidas C.  Market games with multiple       
            trading posts.  21p.                                        



                                                           PAGE  61

     9917   Loparic, Marko, Pochet, Yves & Wolsey, Laurence A.  The     
            uncapacitated lot-sizing problem with sales and safety      
            stocks.  21p.                                               
     9920   Mauleon, Ana & Vannetelbosch, Vincent.  Coalitional         
            negotiation.  28p.                                          
     9919   Ottaviano, Gianmarco I.P. & Thisse, Jean-Francois.          
            Monopolistic competition, multiproduct firms and optimum    
            product diversity.  27p.                                    
     9916   Vandenbussche, Hylke & Wauthy, Xavier.  European antidumping
            policy and firms' strategic choice of quality.  26p.        
     9940   Aswal, Navin, Chatterji, Shurojit & Sen, Arunava.           
            Dictatorial domains.  50p.                                  
     9932   Aziz, Jahangir & Leruth, Luc.  Cyclical effects of the      
            composition of government purchases.  44p.                  
     9935   Boccard, Nicolas & Calcagno, Riccardo.  Asymmetries of      
            information in centralized order-driven markets.  34p.      
     9939   Chesher, Andrew, et al.  Bartlett identities tests.  21p.   
     9942   Crama, Yves, et al.  Corporate governance structures,       
            control and performance in European markets: a tale of two  
            systems.  21p.                                              
     9930   De Sinopoli, Francesco.  Further remarks on strategic       
            stability in plurality games.  16p.                         
     9931   De Sinopoli, Francesco.  Two examples of strategic          
            equilibria in approval voting games.  11p.                  
     9936   Germain, Marc & van Ypersele, Jean-Pascal.  Financial       
            transfers to sustain international cooperation in the       
            climate change framework.  24p.                             
     9937   Goemans, Michel X.  Approximate edge splitting.  5p.        
     9933   Kubler, Felix & Polemarchakis, Heracles M.  The             
            identification of preferences from the equilibrium prices of
            commodities and assets.  25p.                               
     9938   Mairesse, Francois & Vanden Eeckaut, Philippe.  Museum      
            assessment and free disposal hull (FDH) technology: a global
            approach.  41p.                                             
     9941   Ottaviano, Gianmarco & Thisse, Jacques-Francois.            
            Agglomeration and trade revisited.  24p.                    
     9934   Polemarchakis, Heracles M. & Rochon, Celine.  Debt,         
            liquidity and dynamics.  27p.                               
     9929   Skutella, Martin & Woeginger, Gerhard J.  A polynomial time 
            approximation scheme (PTAS) for minimizing the total        
            weighted completion time on identical parall.  19p.         

     MACQUARIE UNIVERSITY.  Department of Economics.                    

     4/99   Ip, Pui Chi.  Inflation targeting: a critique.  16p.        
     3/99   MacMillan, Craig.  Internal labour markets: an              
            institutionalist perspective on two recent studies.  22p.   
     2/99   MacMillan, Craig.  Max Weber and economics: a neglected     
            relationship.  25p.                                         
     7/99   Sinha, Dipendra & Macri, Joseph.  Financial development and 
            economic growth: the case of eight Asian countries.  30p.   
     6/99   Turnell, Sean.  A proposal for a currency board in a        
            democratic Burma.  22p.                                     
     8/99   Beresford, Melanie.  The Vietnamese transition from plan to 
            market: transformation of the planning mechanism.  25p.     



                                                           PAGE  62

     5/99   Horne, Jocelyn.  Globalisation, growth and fiscal policy:   
            lessons for East Asia.  22p.                                
     1/99   Vicary, Alison.  Rent extraction by Burma's military regime:
            a link between state ownership, military expenditure and    
            human rights a.  13p.                                       

     UNIVERSITY OF MARYLAND.  Department of Economics.                  

     9807   Betancourt, Roger R. & Seiglie, Carlos.  Economic           
            development in the tropics: fiction or possibility?.  28p.  
     9902   Gelbach, Jonah B.  How large an effect do child care costs  
            have on single mothers' labor supply?: evidence using access
            to free public.  56p.                                       
     9901   Gelbach, Jonah B. & Pritchett, Lant H.  Indicator targeting 
            in a political economy: leakier can be better.  39p.        
     9903   Oates, Wallace E.  An essay on fiscal federalism.  68p.     
     9904   Betancourt, Roger R.  Cuba's economic "reforms": waiting for
            Fidel on the eve of the twenty-first century.  13p.         
     9906   Oates, Wallace E.  Fiscal competition and European Union:   
            contrasting perspectives.  23p.                             
     9905   Sakallaris, Plutarchos & Spilimbergo, Antonio.  Business    
            cycles and investment in human capital: international       
            evidence on higher education.  40p.                         

     UNIVERSITY OF MELBOURNE.  Department of Economics.                 

     670    Aliprantis, C.D., Tourky, R. & Yannelis, N.C.  A theory of  
            value with auction prices.  37p.                            
     664    Borland, Jeff, Hirschberg, Joe & Lye, Jenny.  Data reduction
            of discrete responses: an application of cluster analysis.  
            15p.                                                        
     665    Harris, Matthew & Lye, Jenny.  The fiscal consequences of   
            privatisation: Australian evidence.  39p.                   
     671    Herbert, R.D & Stemp, Peter J.  Non-linearities and dynamics
            in a neoclassical model of investment.  7p.                 
     669    Hirokawa, Midori & Sasaki, Dan.  Endogenous co-leadership   
            when demand is unknown.  17p.                               
     666    Lambertini, Luca, Poddar, Sougata & Sasaki, Dan.  Research  
            joint ventures and price collusion under endogenous product 
            differentiation.  30p.                                      
     668    Lambertini, Luca, Poddar, Sougata & Sasaki, Dan.  Research  
            joint ventures in product innovation and the form of market 
            competition.  10p.                                          
     660    Lloyd, Peter J.  The origins of the von                     
            Thunen-Mill-Pareto-Wicksell-Cobb-Douglas function.  20p.    
     663    MacLaren, Donald.  Some issues in the economic analysis of  
            technical barriers to international trade in agri-food      
            products.  11p.                                             
     667    Poddar, Sougata & Sasaki, Dan.  Strategic advance production
            without Stackelberg leadership.  29p.                       
     661    Sasaki, Dan & Wen, Mei.  On optimal privatisation.  20p.    
     662    Vercammen, James & Hyde, Charles.  Financing competitive    
            asset bids when information is asymmetric: the role of      
            collateral as a signal.  34p.                               




                                                           PAGE  63

     676    Brooks, Chris & Henry, Olan T.  Linear and non-linear       
            transmission of equity return volatility: evidence from the 
            U.S., Japan and Australia.  26p.                            
     679    Cashin, Paul & McDermott, C. John.  International capital   
            flows and national creditworthiness: examining Australia's  
            current account.  41p.                                      
     678    Cashin, Paul & McDermott, C. John.  Terms of trade shocks   
            and the current account.  36p.                              
     674    Creedy, John.  D.P. O'Brien's contribution to the history of
            economic analysis.  33p.                                    
     672    Creedy, John & Dawkins, Peter.  Comparing tax and transfer  
            systems: can incentive effects make a difference?.  28p.    
     675    Falvey, R. & Lloyd, Peter J.  An economic analysis of       
            extraterritoriality.  22p.                                  
     680    Gangadharan, Lata.  Compliance in environmental markets.    
            12p.                                                        
     683    Gangadharan, Lata & Maitra, Pushkar.  Two aspects of        
            fertility behaviour in South Africa.  29p.                  
     677    Hyde, Charles E. & Vercammen, James A.  Debt-funded bidding 
            under credit market and auction information asymmetries:    
            private values and first-price sealed .  34p.               
     684    Lye, Jenny N. & Hirschberg, Joe.  Wages and alcohol         
            consumption, smoking, weight gain and exercising: evidence  
            on Australian men and women.  46p.                          
     682    Messinis, George.  Credit and habit modification in the USA:
            1959-1997.  44p.                                            
     673    Messinis, George.  On the history of habit formation in     
            consumption.  35p.                                          
     681    Messinis, George.  Rational habit modification in           
            consumption: the role of durables and credit.  47p.         
     691    Anderson, Siwan.  The economics of dowry payments in        
            Pakistan.  57p.                                             
     686    Creedy, John.  Modelling indirect tax reform in Australia:  
            should tax rates be uniform?.  48p.                         
     688    Creedy, John & Duncan, Alan.  Welfare, non-linear budget    
            constraints and behavioural microsimulation.  42p.          
     690    Guest, Ross S. & McDonald, Ian M.  Aging, immigration and   
            optimal national saving in Australia.  38p.                 
     689    Guest, Ross S. & McDonald, Ian M.  Population aging and     
            projections of government social outlays in Australia.  28p.
     692    Hayes, Kathy J., et al.  Multivariate generated regressors  
            and heteroskedasticity in a cross-section: an application to
            the value of neighbo.  33p.                                 
     687    Henry, Olan & Olekalns, Nilss.  Are private sector          
            consumption decisions affected by public sector             
            consumption?.  28p.                                         
     693    Mellington, Nichole & Cameron, Lisa.  Female education and  
            child mortality in Indonesia.  35p.                         
     685    Williams, Jenny & Cameron, Lisa.  Substitutes or            
            complements?: alcohol, cannabis and tobacco.  30p.          
     698    Allwood, Julian & Shepherd, David.  Alternative detrending  
            procedures for macroeconomic time series.  18p.             
     699    Cameron, Lisa & Crosby, Mark.  It's the economy stupid?.    
            19p.                                                        




                                                           PAGE  64

     700    Cashin, Paul, Haque, Nadeem & Olekalns, Nilss.  Spend now   
            pay later?: tax smoothing and fiscal sustainability in South
            Asia.  34p.                                                 
     695    Creedy, John.  Take-up of means-tested benefits with labour 
            supply variations.  13p.                                    
     704    Creedy, John & Gemmell, Norman.  The built-in flexibility of
            consumption taxes.  24p.                                    
     703    Creedy, John & van de Ven, Justin.  Decomposing             
            redistributive effects of taxes and transfers in annual and 
            lifetime contexts.  16p.                                    
     701    Gangadharan, Lata & Maitra, Pushkar.  Fertility-mortality   
            interactions in South Africa.  39p.                         
     697    Hall, Stephen & Shepherd, David.  Testing for common cycles 
            in money, nominal income and prices.  42p.                  
     705    Herbert, Ric D. & Stemp, Peter J.  Solving the dynamics of a
            non-linear representative agent model.  6p.                 
     702    Hirschberg, Joseph G. & Slottje, Daniel J.  The             
            reparameterization of linear models subject to exact linear 
            restrictions.  32p.                                         
     696    Lee, Hyun-Hoon.  A `stroke' hypothesis of Korea's 1997      
            financial crisis: causes, consequences and prospects.  35p. 
     694    Olekalns, Nilss.  Demographics and Wagner's Law: evidence   
            from the OECD countries.  25p.                              
     706    Stemp, Peter J. & Herbert, R.D.  Calculating short-run      
            adjustments: sensitivity to non-linearities in a            
            representative agent framework.  34p.                       
     709    Cardon, James H. & Sasaki, Dan.  Effects of                 
            "anti-competitive" mergers in R & D intensive industries.   
            18p.                                                        
     708    Cason, Timothy N. & Gangadharan, Lata.  Environmental       
            labeling and incomplete consumer information in laboratory  
            markets.  45p.                                              
     710    Lambertini, Luca & Sasaki, Dan.  A cost-side analysis on    
            collusive sustainability.  20p.                             
     707    Sherstyuk, Katerina.  Collusion in private value ascending  
            price auctions.  23p.                                       
     712    Cardon, James H. & Sasaki, Dan.  Mergers, corporate         
            financing, and managerial incentives in R & D intensive     
            industries.  19p.                                           
     713    Poddar, Sougata & Sasaki, Dan.  Games of timing:            
            state-of-art research on strategic investment.  28p.        
     711    Sasaki, Dan.  Newtonian asset pricing.  23p.                
     714    Sasaki, Dan.  Research, development, and information        
            sharing.  22p.                                              
     723    Brooks, Chris & Henry, Olan T.  Can portmanteau nonlinear   
            tests serve as general mis-specification tests?: evidence   
            from symmetric and asymmetric G.  12p.                      
     724    Gangadharan, Lata & Maitra, Pushkar.  Testing for son       
            preference in South Africa.  53p.                           
     720    Henry, Olan T.  Changes in regime and the long run Fisher   
            effect: a threshold cointegration analysis.  29p.           
     719    Henry, Olan T. & Olekalns, Nilss.  A comment on "Wage growth
            and the inflation process: a multivariate cointegration     
            analysis.".  17p.                                           




                                                           PAGE  65

     725    Moenjak, Thammarak.  Education and employment sector        
            outcome: the case of vocational education in Thailand.  36p.
     721    Olekalns, Nilss.  Sustainability and stability?: Australian 
            fiscal policy in the 20th century.  22p.                    
     722    Wilkins, Roger.  Immigrant and native-born wage             
            distributions in Australia, 1982-1996.  35p.                
     718    Henry, Olan T.  Are shocks to inflation infinitely          
            persistent?.  20p.                                          
     717    Brooks, Chris, Henry, Olan T. & Persand, Gita.  Optimal     
            hedging and the value of news.  29p.                        
     715    Dixon, Robert.  The origin of the term "dismal science" to  
            describe economics.  9p.                                    
     716    Hirschberg, Joe & Lye, Jenny.  The interpretation of        
            multiple dummy variable coefficients: an application to     
            industry effects in wage equations.  17p.                   

     MICHIGAN STATE UNIVERSITY.  Department of Economics.               

     9801   Bayard, Kimberly, et al.  New evidence on sex segregation   
            and sex differences in wages from matched employee-employer 
            data.  55p.                                                 
     9802   Creane, Anthony.  Investment in risky innovations with      
            multiple innovators.  30p.                                  
     9803   Creane, Anthony.  Social optimal licensing of innovations.  
            25p.                                                        
     9901   Im, Kyung So & Schmidt, Peter.  More efficient estimation   
            under non-normality when higher moments do not depend on the
            regressors, using residual-a.  29p.                         
     9900   Lau, Sau-Him Paul.  Is there endogenous long-run growth?:   
            evidence based on an error correction model.  32p.          

     UNIVERSITY OF MINNESOTA.  Center for Economic Research.            

     303    Hopenhayn, Hugo A. & Mitchell, Matthew F.  Innovation       
            fertility and patent design.  36p.                          
     304    Huang, Kevin Xiaodong.  Infinite-horizon optimal hedging    
            under cone constraints.  22p.                               
     305    Huang, Kevin Xiaodong & Liu, Zheng.  Staggered contracts and
            business cycle persistence.  39p.                           
     306    McLennan, Andrew.  The expected number of Nash equilibria of
            a normal form game.  45p.                                   
     307    McLennan, Andrew.  The expected number of real roots of a   
            multihomogeneous system of polynomial equations.  22p.      
     308    Nyman, John A.  The welfare economics of insurance contracts
            that pay off by reducing price.  24p.                       

     UNIVERSITY OF MINNESOTA.  Economic Development Center.             

     99-2   Colby, Hunter, DIao, Xinshen & Somwaru, Agapi.  Sources of  
            growth and supply response: a cross-commodity analysis of   
            China's grain sector.  21p.                                 
     99-1   Lin, Pei-Chinn & Roe, Terry.  Growth theory and accounting  
            for growth of the Taiwanese economy.  34p.                  

     MONASH UNIVERSITY.  Department of Econometrics & Bus. Statistics.  

     3/99   Evans, Merran.  School-leavers' transition to tertiary      
            study: a literature review.  37p.                           
                                                           PAGE  66

     18/98  Evans, Merran & Farley, Alan.  Institutional characteristics
            and the relationship between students' first-year university
            and final-year secondary.  9p.                              
     2/99   Hyndman, Rob J. & Grunwald, Gary K.  Generalized additive   
            modelling of mixed distribution Markov models with          
            applications to Melbourne's rainfall.  14p.                 
     17/98  Hyndman, Rob J. & Yao, Qiwei.  Nonparametric estimation and 
            symmetry tests for conditional density functions.  15p.     
     1/99   Koehler, Anne B., Snyder, Ralph D. & Ord, J. Keith.         
            Forecasting models and prediction intervals for the         
            multiplicative Holt-Winters method.  27p.                   
     4/99   McLean, Alan.  The predictive approach to teaching          
            statistics.  15p.                                           
     8/99   Anderson, Heather M., Kwark, Noh-Sun & Vahid, Farshid.  Does
            international trade synchronize business cycles?.  29p.     
     5/99   Fry, Jane, Fry, Tim R.L. & Peter, Matthew W.  Inter-regional
            migration in Australia: an applied economic analysis.  27p. 
     6/99   Fry, Tim R.L., Broadbent, Simon & Dixon, Janine M.          
            Estimating advertising half-life and the data interval bias.
             29p.                                                       
     9/99   Maharaj, Elizabeth A. & Inder, Brett.  Forecasting time     
            series from clusters.  26p.                                 
     7/99   Snyder, Ralph.  Forecasting sales of slow and fast moving   
            inventories.  18p.                                          

     MONASH UNIVERSITY.  Department of Economics.                       

     4/98   Dowling, Malcolm & Summers, Peter M.  Total factor          
            productivity and economic growth: issues for Asia.  27p.    
     6/98   Dungey, Mardi.  How important are meteor showers and heat   
            waves in exchange rate volatility?.  15p.                   
     7/98   Ellis, Christopher J. & van den Nouweland, Anne.  Designing 
            a mechanism for inducing cooperation in non-cooperative     
            environments: theory and applications.  29p.                
     8/98   Magnani, Elisabetta.  The environmental Kuznets curve:      
            development path or policy result?.  25p.                   
     5/98   Min, Byung S.  Competition effects of import discipline in  
            Korea.  23p.                                                
     9/98   Bujard, Helmut H.J.  The European Economic and Monetary     
            Union: prospects and risks.  20p.                           
     12/98  Guest, Ross S. & McDonald, Ian M.  The impact of prospective
            demographic change on the optimal level of saving in        
            Australia.  41p.                                            
     13/98  Hanai, Satoshi.  Natural disasters and precautionary        
            savings: evidence from OECD cross country and Japanese      
            regional data.  23p.                                        
     10/98  Melvin, James & Waschik, Robert.  Resolutions of the        
            neoclassical ambiguity in the specific factor model.  22p.  
     14/98  Ng, Siang & Ng, Yew-Kwang.  Why do governments increase with
            growth but happiness remains unchanged?.  23p.              
     11/98  Yang, Xiaokai.  New development economics.  26p.            
     6/99   Goss, Barry A. & Avsar, S. Gulay.  Efficiency and liquidity 
            in the electricity market: a preliminary analysis.  22p.    
     3/99   Ng, Yew-Kwang & Wang, Jianguo.  Attitude choice, economic   
            change, and welfare.  18p.                                  



                                                           PAGE  67

     4/99   Pillarisetti, J. Ram.  Economic reform, overlapping property
            rights, and polarisation in the real estate market.  20p.   
     5/99   Pillarisetti, J. Ram & McGillivray, Mark.  Economic reform, 
            growth and inequality in human development in transitional  
            economies.  21p.                                            
     2/99   Shi, Heling.  Division of labor, coordination, and          
            underemployment.  27p.                                      
     1/99   Smyth, Russell.  Should China be promoting large-scale      
            enterprises and enterprise groups?.  50p.                   

     UNIVERSITE DE MONTREAL.  Departement de Sciences Economiques.      

     9810   Abdelkhalek, Touhami & Dufour, Jean-Marie.  Confidence      
            regions for calibrated parameters in computable general     
            equilibrium models.  32p.                                   
     9807   Bai, Jushan & Perron, Pierre.  Computation and analysis of  
            multiple structural change models.  60p.                    
     9812   Dufour, Jean-Marie & Jasiak, Joanna.  Finite-sample         
            inference methods for simultaneous equations and models with
            unobserved and generated regressors.  27p.                  
     9813   Dufour, Jean-Marie & Khalaf, Lynda.  Simulation-based       
            finite- and large-sample inference methods in multivariate  
            regressions and seemingly unrelated reg.  33p.              
     9811   Dufour, Jean-Marie, et al.  Simulation-based finite-sample  
            normality tests in linear regressions.  20p.                
     9808   Gobert, Karine & Poitevin, Michel.  Environmental risks:    
            should banks be liable.  27p.                               
     9806   Gobert, Karine & Poitevin, Michel.  Non-commitment and      
            savings in dynamic risk-sharing contracts.  28p.            
     9720   Hotte, Louis.  Natural resource exploitation with costly    
            enforcement of property rights.  31p.                       
     9805   Maniquet, Francois & Sprumont, Yves.  Efficient             
            strategy-proof allocation functions in linear production    
            economies.  15p.                                            
     9818   Meddahi, Nour & Renault, Eric.  Aggregations and            
            marginalizations of GARCH and stochastic volatility models. 
            73p.                                                        
     9814   Meddahi, Nour & Renault, Eric.  Quadratic M-estimators for  
            ARCH-type processes.  37p.                                  
     9901   Perron, Benoit.  Semi-parametric weak instrument regressions
            with an application to the risk-return trade-off.  56p.     
     9815   Perron, Pierre & Vodounou, Cosme.  Asymptotic approximations
            in the near-integrated model with a non-zero initial        
            condition.  33p.                                            
     9817   Perron, Pierre & Mallet, Sylvie.  The functional central    
            limit theorem with dependent errors: an helicopter tour of  
            the quality of the approximation.  14p.                     
     9809   Perron, Pierre & Rodriguez, Gabriel.  GLS detrending,       
            efficient unit root tests and structural change.  45p.      
     9816   Perron, Pierre & Vodounou, Cosme.  Sampling interval and    
            estimated betas: implications for the presence of transitory
            components in stock prices.  29p.                           
     9910   Gaudet, Gerard & van Long, Ngo.  Noncompetitive recycling   
            and market power.  23p.                                     




                                                           PAGE  68

     9804   Hollander, Abraham, Monier, Sylvette & Ossard, Herve.       
            Pleasures of Cockaigne: a story of quality gaps, market     
            structure and demand for grading services.  19p.            
     9909   Johnson, Paul & Robert, Jacques.  Collusion in a model of   
            repeated auctions.  37p.                                    
     9902   Sprumont, Yves.  Coherent cost-sharing rules.  18p.         
     9903   Sprumont, Yves.  Paretian quasi-orders: two agents.  12p.   
     9906   Vilhuber, Lars.  Sector-specific on-the-job training:       
            evidence from U.S. data.  58p.                              
     9904   Vilhuber, Lars.  Sector-specific training and mobility in   
            Germany.  47p.                                              
     9905   Vilhuber, Lars.  Wage flexibility and contract structure in 
            Germany.  39p.                                              

     UNIVERSITY OF MUNICH.  Center for Economic Studies.                

     164    Ahmad, Jaleel & Yang, Jing.  Trade liberalization in Eastern
            European countries and the prospects of their integration   
            into the world trading sy.  16p.                            
     172    Choi, Jay Pil & Thum, Marcel.  The economics of repeated    
            extortion.  26p.                                            
     170    Choi, Jay Pil.  Tying and innovation: a dynamic analysis of 
            tying arrangements.  28p.                                   
     166    Colonescu, Constantin & Schmitt, Nicholas.  Market          
            segmentation, market integration and tacit collusion.  23p. 
     168    Gollier, Christian & Rochet, Jean-Charles.  Discounting an  
            uncertain future.  23p.                                     
     165    Hoy, Michael & Polborn, Mattias.  The value of genetic      
            information in the life insurance market.  26p.             
     171    Reiter, Michael & Weichenrieder, Alfons J.  Public goods,   
            club goods and the measurement of crowding.  13p.           
     167    Schob, Ronnie & Wildasin, David E.  Economic integration and
            labor market institutions: worker mobility, earnings risk,  
            and contract structure.  30p.                               
     169    Treble, John G.  Points schemes.  19p.                      
     174    Calmfors, Lars.  Monetary union and precautionary           
            labour-market reform.  10p.                                 
     173    Calmfors, Lars.  Unemployment, labour-market reform and     
            monetary union.  34p.                                       
     180    Edwards, Jeremy & Nibler, Marcus.  Corporate governance in  
            Germany: the influence of banks and large equity holders.   
            30p.                                                        
     179    Sinn, Hans-Werner.  Inflation and welfare: comment on Robert
            Lucas.  12p.                                                
     175    Koskela, Erkki & Schob, Ronnie.  Why governments should tax 
            mobile capital in the presence of unemployment.  27p.       
     176    Koskela, Erkki, Schob, Ronnie & Sinn, Hans-Werner.  Green   
            tax reform and competitiveness.  15p.                       
     177    Ogilvie, Sheilagh & Edwards, Jeremy.  Women and the "second 
            serfdom:" evidence from Bohemia.  48p.                      
     178    Robinson, James A.  When is a state predatory?.  35p.       
     181    Balestrino, Alessandro, Cigno, Alessandro & Pettini, Anna.  
            Direct and indirect taxation when households differ in      
            market and non-market abilities.  17p.                      




                                                           PAGE  69

     190    Berger, Helge & Woitek, Ulrich.  Does conservativism        
            matter?: a time series approach to central banking.  35p.   
     188    Choi, Jai Pil.  A dynamic analysis of licensing: the        
            "boomerang" effect and grant-back clauses.  35p.            
     183    Fehr, Ernst & Gachter, Simon.  Cooperation and punishment in
            public goods experiments.  37p.                             
     184    Fehr, Ernst & Tyran, Jean-Robert.  Does money illusion      
            matter?: an experimental approach.  47p.                    
     185    Feist, Holger & Schob, Bonnie.  Workfare in Germany and the 
            problem of vertical fiscal externalities.  23p.             
     187    Kimura, Yoshio.  Reexamining the estimation of simultaneous 
            equations systems.  19p.                                    
     189    Marjit, Sugata, Mukherjee, Vivekananda & Mukherjee, Arijit. 
            Harassment, corruption, and economic policy.  30p.          
     182    Sinn, Hans-Werner.  EU enlargement, migration, and lessons  
            from German unification.  20p.                              
     186    Weichenreider, Alfons J.  How efficient is a contestable    
            natural monopoly?.  12p.                                    
     194    Buttner, Thiess.  Determination of tax rates in local       
            capital income taxation: a theoretical model and evidence   
            from Germany.  27p.                                         
     193    Edwards, Jeremy S.S. & Weichenrieder, Alfons J.  Ownership  
            concentration and share valuation: evidence from Germany.   
            33p.                                                        
     197    Fenge, Robert & von Weizsacker, Jakob.  To what extent are  
            public pensions Pareto-improving?: on the interaction of    
            means tested basic income and public pe.  23p.              
     196    Schneider, Freidrich & Enste, Dominik.  Shadow economies    
            around the world: size, causes, and consequences.  57p.     
     192    Sinn, Hans-Werner.  The competition between competition     
            rules.  34p.                                                
     191    Sinn, Hans-Werner.  The crisis of Germany's pension         
            insurance system and how it can be resolved.  26p.          
     195    Sinn, Hans-Werner.  Pension reform and demographic crisis:  
            why a funded system is needed and why it is not needed.     
            29p.                                                        

     UNIVERSITAT MUNCHEN.  Volkswirtschaftliche Fakultat.               

     9902   Baliga, Sandeep, Goyal, Sanjeev & Klasen, Stephan.          
            Education and marriage age: theory and evidence.  31p.      
     9813   Bauer, Thomas, et al.  Immigrant labor and workplace safety.
             30p.                                                       
     9815   Berger, Helge & Woitek, Ulrich.  Does conservatism matter?: 
            A time series approach to central banking.  30p.            
     9814   Broll, Udo, Wong, Kit Pong & Zilcha, Itzhak.  Multiple      
            currencies and hedging.  19p.                               
     9819   Feist, Holger.  Wage distance regulation in social welfare  
            programs: an option theory perspective.  28p.               
     9816   Fuest, Clemens & Thum, Marcel.  Immigration and skill       
            formation in unionised labor markets.  26p.                 
     9901   Marin, Dalia & Schnitzer, Monika.  The economic institution 
            of international barter.  25p.                              
     9824   Rees, R., et al.  The puzzle of slave heights in antebellum 
            America.  23p.                                              



                                                           PAGE  70

     9820   Reutter, Michael.  Wage bargaining, taxation and            
            unemployment: a macroeconometric analysis of the West German
            labour market.  47p.                                        
     9823   Schnitzer, Monika.  Bank competition and enterprise         
            restructuring in transition economies.  25p.                
     9825   Schnitzer, Monika & Wambach, Achim.  Inside versus outside  
            financing and product market competition.  29p.             
     9818   Schnitzer, Monika.  On the role of bank competition for     
            corporate finance and corporate control in transition       
            economies.  30p.                                            
     9821   Schubert, Stefan & Broll, Udo.  Dynamic hedging under       
            exchange rate risk.  22p.                                   
     9903   Wambach, Achim.  Bargaining and renegotiation.  44p.        

     NATIONAL BUREAU OF ECONOMIC RESEARCH.  Working Papers.             

     6850   Agenor, P.R., Aizenman, J. & Hoffmaister, A.  Contagion,    
            bank lending spreads, and output fluctuations.  27p.        
     6870   Anderson, James E. & Neary, J. Peter.  The mercantilist     
            index of trade policy.  34p.                                
     6808   Anderson, Patricia M. & Meyer, Bruce D.  Using a natural    
            experiment to estimate the effects of the unemployment      
            insurance payroll tax on wages, employment, .  37p.         
     6781   Angrist, Joshua D. & Lavy, Victor.  Does teacher training   
            affect pupil learning?: evidence from matched comparisons in
            Jerusalem public schools.  30p.                             
     6874   Bates, David S.  Financial markets' assessment of EMU.  41p.
     6853   Beaudry, Paul & Green, David.  What is driving U.S. and     
            Canadian wages: exogenous technical change or endogenous    
            choice of technique?.  57p.                                 
     6795   Benabou, Roland & Ok, Efe A.  Social mobility and the demand
            for redistribution: the Prospect of Upward Mobility (POUM)  
            hypothesis.  33p.                                           
     6871   Berk, Jonathan B.  Statisticsl discrimination in a          
            competitive labor market.  46p.                             
     6799   Berndt, Ernst R., Busch, Susan H. & Frank, Richard G.  Price
            indexes for acute phase treatment of depression.  56p.      
     6815   Bernstein, Jeffrey R. & Weinstein, David E.  Do endowments  
            predict the location of production?: evidence from national 
            and international data.  73p.                               
     6830   Bertrand, Marianne & Mullainathan, Sendhil.  Executive      
            compensation and incentives: the impact of takeover         
            legislation.  39p.                                          
     6807   Bertrand, Marianne & Mullainathan, Sendhil.  Is there       
            discretion in wage setting?: a test using takeover          
            legislation.  38p.                                          
     6832   Bertrand, Marianne, Luttmer, Erzo F.P. & Mullainathan,      
            Sendhil.  Network effects and welfare cultures.  50p.       
     6840   Blanchflower, David G., Levine, Phillip B. & Zimmerman,     
            David J.  Discrimination in the small business credit       
            market.  45p.                                               
     6813   Borjas, George J.  Immigration and welfare magnets.  44p.   
     6788   Bregman, Arie, Fuss, Melvyn & Regev, Haim.  The effects of  
            capital subsidization on Israeli industry.  33p.            




                                                           PAGE  71

     6843   Caballero, Ricardo J. & Krishnamurthy, Arvind.  Emerging    
            market crises: an asset markets perspective.  46p.          
     6809   Campbell, Jeffrey R. & Fisher, Jonas D.M.  Organizational   
            flexibility and employment dynamics at young and old plants.
             43p.                                                       
     6801   Campbell, John Y. & Viceira, Luis M.  Who should buy        
            long-term bonds?.  51p.                                     
     6831   Carlton, Dennis W. & Waldman, Michael.  The strategic use of
            tying to preserve and create market power in evolving       
            industries.  64p.                                           
     6796   Chang, Roberto & Velasco, Andres.  The Asian liquidity      
            crisis.  59p.                                               
     6844   Christoffersen, Peter F. & Diebold, Francis X.  How relevant
            is volatility forecasting for financial risk management?.   
            25p.                                                        
     6791   Cooper, Russell & Kempf, Hubert.  Establishing a monetary   
            union.  31p.                                                
     6834   Corsetti, Giancarlo, Pesenti, Paolo & Roubini, Nouriel.     
            What caused the Asian currency and financial crisis?, part  
            II: the policy debate.  39p.                                
     6859   Costa, Dora L.  Understanding the twentieth century decline 
            in chronic conditions among older men.  40p.                
     6836   Currie, Janet & Reagan, Patricia.  Distance to hospital and 
            children's access to care: is being closer better, and for  
            whom?.  31p.                                                
     6866   Cutler, David M. & Sheiner, Louise.  Demographics and       
            medical care spending: standard and non-standard effects.   
            54p.                                                        
     6829   Dehejia, Rajeev H. & Wahba, Sadek.  Propensity score        
            matching methods for non-experimental causal studies.  31p. 
     6845   Diebold, Francis X., Hahn, Jinyong & Tay, Anthony S.        
            Real-time multivariate density forecast evaluation and      
            calibration: monitoring the risk of high frequency returns  
            o.  37p.                                                    
     6784   Donohue, John J. & Levitt, Steven D.  The impact of race on 
            policing, arrest patterns, and crime.  36p.                 
     6800   Edwards, Sebastian.  Capital flows, real exchange rates, and
            capital controls: some Latin American experiences.  81p.    
     6841   Eeckhout, Jan & Jovanovic, Boyan.  Inequality.  36p.        
     6856   Eissa, Nada & Hoynes, Hilary W.  The earned income tax      
            credit and the labor supply of married couples.  58p.       
     6828   Engel, Eduardo M.R.A., Galetovic, Alexander & Raddatz,      
            Claudio.  Taxes and income distribution in Chile: some      
            unpleasant redistributive arithmetic.  48p.                 
     6822   Epple, Dennis & Sieg, Holger.  Estimating equilibrium models
            of local jurisdictions.  60p.                               
     6804   Feenstra, Robert C., Markusen, James A. & Rose, Andrew K.   
            Understanding the home market effect and the gravity        
            equation: the role of differentiating goods.  31p.          
     6794   Feldstein, Martin.  Social security pension reform in China.
             15p.                                                       
     6838   Frank, Richard G. & McGuire, Thomas G.  Parity for mental   
            health and substance abuse care under managed care.  22p.   
     6849   Gallup, John L., Sachs, Jeffrey D. & Mellinger, Andrew D.   
            Geography and economic development.  81p.                   



                                                           PAGE  72

     6811   Galor, Oded & Weil, David N.  Population, technology, and   
            growth: from the Malthusian regime to the demographic       
            transition.  50p.                                           
     6812   Gilchrist, Simon & Williams, John C.  Putty-clay and        
            investment: a business cycle analysis.  43p.                
     6810   Glaeser, Edward L. & Shleifer, Andrei.  Not-for-profit      
            entrepreneurs.  28p.                                        
     6806   Glick, Reuven & Rose, Andrew K.  Contagion and trade: why   
            are currency crises regional?.  29p.                        
     6818   Goldberg, Pinelopi K. & Verboven, Frank.  The evolution of  
            price discrimination in the European car market.  60p.      
     6847   Gompers, Paul & Lerner, Josh.  Conflict of interest in the  
            issuance of public securities: evidence from venture        
            capital.  41p.                                              
     6863   Goolsbee, Austan.  In a world without borders: the impact of
            taxes on internet commerce.  29p.                           
     6864   Gourinchas, Pierre-Olivier.  Exchange rates and jobs: what  
            do we learn from job flows?.  73p.                          
     6854   Gustman, Alan L. & Steinmeier, Thomas L.  Changing pensions 
            in cross-section and panel data: analysis with employer     
            provided plan descriptions.  18p.                           
     6837   Hall, Brian J.  Regulatory free cash flow and the high cost 
            of insurance company failures.  42p.                        
     6858   Hansen, Gary D. & Prescott, Edward C.  Malthus to Solow.    
            24p.                                                        
     6881   Heckman, James J., Lochner, Lance & Taber, Christopher.     
            General equilibrium cost benefit analysis of education and  
            tax policies.  65p.                                         
     6852   Hines, James R.  Three sides of Harberger triangles.  33p.  
     6792   Hoxby, Caroline M.  All school finance equalizations are not
            created equal.  51p.                                        
     6869   Hoxby, Caroline M.  The effects of class size and           
            composition on student achievement: new evidence from       
            natural population variation.  60p.                         
     6835   Irwin, Douglas A.  Did late nineteenth century U.S. tariffs 
            promote infant industries?: evidence from the tinplate      
            industry.  48p.                                             
     6857   Ju, Jiandong & Krishna, Kala.  Firm behavior and market     
            access in a free trade area with rules of origin.  66p.     
     6823   Kane, Edward J. & DeTrask, Kimberly.  Covering up trading   
            losses: opportunity-cost accounting as an internal control  
            mechanism.  33p.                                            
     6819   Mahoney, Paul G.  Trust and opportunism in close            
            corporations.  23p.                                         
     6797   Meredith, Guy & Chinn, Menzie D.  Long-horizon uncovered    
            interest rate parity.  32p.                                 
     6805   Neumark, David & Powers, Elizabeth.  Welfare for the        
            elderly: the effect of SSI on pre-retirement labor supply.  
            41p.                                                        
     6848   Persson, Torsten & Tabellini, Guido.  The size and scope of 
            government: comparative politics with rational politicians. 
            47p.                                                        
     6842   Poterba, James.  Estate and gift taxes and incentives for   
            inter vivos giving in the United States.  33p.              




                                                           PAGE  73

     6793   Romer, Christina D. & Romer, David H.  Monetary policy and  
            the well-being of the poor.  62p.                           
     6851   Stern, Scott & Trajtenberg, Manuel.  Empirical implications 
            of physician authority in pharmaceutical decisionmaking.    
            44p.                                                        
     6802   Velasco, Andres & Guzzo, Vincenzo.  The case for a populist 
            central banker.  30p.                                       
     6798   Witte, Ann D., et al.  Unintended consequences?: welfare    
            reform and the working poor.  24p.                          
     6879   Acemoglu, Daron & Zilibotti, Fabrizio.  Productivity        
            differences.  47p.                                          
     6883   Alesina, Alberto & Wacziarg, Romain.  Is Europe going too   
            far?.  45p.                                                 
     6966   Allen, Steven G., Clark, Robert L. & Schieber, Sylvester J. 
            Has job security vanished in large corporations?.  35p.     
     6953   Alvarez, Fernando & Jermann, Urban J.  Quantitative asset   
            pricing implications of endogenous solvency constraints.    
            70p.                                                        
     6961   Anderson, Torben G., et al.  The distribution of exchange   
            rate volatility.  47p.                                      
     6902   Ashenfelter, Orley & Rouse, Cecilia.  Schooling,            
            intelligence, and income in America: cracks in the bell     
            curve.  40p.                                                
     6868   Baker, George P. & Hall, Brian J.  CEO incentives and firm  
            size.  34p.                                                 
     6894   Baker, Laurence & Spetz, Joanne.  Managed care and medical  
            technology growth.  40p.                                    
     6921   Baldwin, Richard E.  The core-periphery model with          
            forward-looking expectations.  22p.                         
     6899   Baldwin, Richard E. & Forslid, Rikard.  The core-periphery  
            model and endogenous growth: stabilising and de-stabilising 
            integration.  20p.                                          
     6904   Baldwin, Richard E. & Martin, Philippe.  Two waves of       
            globalisation: superficial similarities, fundamental        
            differences.  33p.                                          
     6938   Bebchuk, Lucian A. & Kahan, Marcel.  The "lemons effect" in 
            corporate freeze-outs.  19p.                                
     6919   Bebchuk, Lucian A. & Jolls, Christine.  Managerial value    
            diversion and shareholder wealth.  25p.                     
     6951   Bebchuk, Lucian, Kraakman, Reinier & Triantis, George.      
            Stock pyramids, cross-ownership, and dual class equity: the 
            creation and agency costs of separating control from ca.    
            34p.                                                        
     6880   Bekaert, Geert & Liu, Jun.  Conditioning information and    
            variance bounds on pricing kernels.  40p.                   
     6715   Berman, Eli & Klinov, Ruth.  Sect, subsidy, and sacrifice:  
            an economist's view of Ultra-Orthodox Jews.  38p.           
     6877   Bernstein, Jeffrey I., Mamuneas, Theofanis P. & Pashardes,  
            Panos.  Factor adjustment, quality change, and productivity 
            growth for U.S. manufacturing.  42p.                        
     6900   Bertrand, Marianne.  From the invisible handshake to the    
            invisible hand?: how import competition changes the         
            employment relationship.  59p.                              
     6924   Blanchard, Olivier J. & Katz, Lawrence.  Wage dynamics:     
            reconciling theory and evidence.  12p.                      



                                                           PAGE  74

     6575   Blumenthal, Marsha, Christian, Charles & Slemrod, Joel.  The
            determinants of income tax compliance: evidence from a      
            controlled experiment in Minnesota.  38p.                   
     6824   Bordo, Michael D. & Schwarz, Anna J.  Under what            
            circumstances, past and present, have international rescues 
            of countries in financial distress been succ.  52p.         
     6862   Bordo, Michael & Vegh, Carlos A.  What if Alexander Hamilton
            had been Argentinean?: a comparison of the early monetary   
            experience of Argentina & the .  54p.                       
     6872   Buchmueller, Thomas & DiNardo, John.  Did community rating  
            induce an adverse selection death spiral?: evidence from New
            York, Pennsylvania, and Connectic.  42p.                    
     6758   Burnside, Craig, Eichenbaum, Martin & Rebelo, Sergio.       
            Prospective deficits and the Asian currency crisis.  53p.   
     6649   Calomiris, Charles W. & Wilson, Berry.  Bank capital and    
            portfolio management: the 1930s "capital crunch" and        
            scramble to shed risk.  50p.                                
     6925   Calvo, Guillermo A. & Vegh, Carlos A.  Inflation            
            stabilization and balance of payments crises in developing  
            countries.  89p.                                            
     6929   Campa, Jose M., Chang, P.H. Kevin & Refalo, James F.  An    
            options-based analysis of emerging market exchange rate     
            expectations: Brazil's Real plan, 1994-1997.  43p.          
     6939   Chaloupka, Frank J., et al.  Do higher cigarette prices     
            encourage youth to use marijuana?.  25p.                    
     6920   Chan, Sewin & Stevens, Ann H.  Job loss and retirement      
            behavior of older men.  48p.                                
     6891   Chari, V.V. & Kehoe, Patrick J.  Optimal fiscal and monetary
            policy.  118p.                                              
     6826   Chay, Kenneth Y. & Greenstone, Michael.  Does air quality   
            matter?: evidence from the housing market.  65p.            
     6926   Cheung, Yin-Wong & Chinn, Menzie D.  Are macroeconomic      
            forecasts informative?: cointegration evidence from the     
            ASA-NBER surveys.  25p.                                     
     6935   Clarida, Richard & Prendergast, Joe.  Recent G3 current     
            account imbalances: how important are structural factors?.  
            25p.                                                        
     6882   Cockburn, Iain, Henderson, Rebecca & Stern, Scott.          
            Balancing incentives: the tension between basic and applied 
            research.  45p.                                             
     6905   Cook, Philip J. & Moore, Michael J.  Alcohol.  84p.         
     6898   Cooper, Russell & Johri, Alok.  Learning by doing and       
            aggregate fluctuations.  37p.                               
     6889   Corseti, Giancarlo, et al.  Competitive devaluations: a     
            welfare-based approach.  34p.                               
     6943   Currie, Janet & Thomas, Duncan.  Early test scores,         
            socioeconomic status and future outcomes.  40p.             
     6672   Cutler, David M. & Horwitz, Jill R.  Converting hospitals   
            from not-for-profit to for-profit status: why and what      
            effects?.  54p.                                             
     6895   Cutler, David M. & Richardson, Elizabeth.  Your money and   
            your life: the value of health and what affects it.  73p.   
     6954   Dehejia, Rajeev H.  Program evaluation as a decision        
            problem.  58p.                                              




                                                           PAGE  75

     6867   Devereux, Michael B. & Engel, Charles.  Fixed vs. floating  
            exchange rates: how price setting affects the optimal choice
            of exchange-rate regime.  52p.                              
     6928   Diebold, Francis X. & Kilian, Lutz.  Unit root tests are    
            useful for selecting forecasting model.  28p.               
     6827   Eaton, Jonathan, Gutierrez, Eva & Kortum, Samuel.  European 
            technology policy.  49p.                                    
     6934   Edlin, Aaron S.  Per-mile premiums for auto insurance.  53p.
     6821   Eichengreen, Barry.  Does MERCOSUR need a single currency?. 
            37p.                                                        
     6890   Ellickson, Paul, Stern, Scott & Trajtenberg, Manuel.        
            Patient welfare and patient compliance: an empirical        
            framework for measuring the benefits from pharmaceutical    
            innov.  29p.                                                
     6959   Engel, Eduardo.  Poisoned grapes, mad cows and              
            protectionism.  24p.                                        
     6903   Engel, Eduardo M.R.A & Hines, James R.  Understanding tax   
            evasion dynamics.  68p.                                     
     6940   Farrelly, Matthew C., et al.  The effects of prices and     
            policies on the demand for marijuana: evidence from the     
            National Household Survey on Drug.  22p.                    
     6917   Feldstein, Martin.  Prefunding Medicare.  17p.              
     6930   Feldstein, Martin.  Public policies and private saving in   
            Mexico.  45p.                                               
     6907   Feldstein, Martin.  Self-protection for emerging market     
            economies.  22p.                                            
     6839   Feldstein, Martin & Ranguelova, Elena.  Individual risk and 
            intergenerational risk sharing in an investment-based social
            security system.  49p.                                      
     6860   Feldstein, Martin & Altman, Daniel.  Unemployment insurance 
            savings accounts.  35p.                                     
     6923   Feliciano, Zadia & Lipsey, Robert E.  Foreign ownership and 
            wages in the United States, 1987-1992.  26p.                
     6967   Ferson, Wayne E. & Harvey, Campbell R.  Economic, financial,
            and fundamental global risk in and out of the EMU.  52p.    
     6933   Fischer, Ronald D. & Prusa, Thomas J.  Contingent protection
            as better insurance.  14p.                                  
     6825   Frank, Richard G., Glazer, Jacob & McGuire, Thomas G.       
            Measuring adverse selection in managed health care.  46p.   
     6942   Freeman, Richard B. & Lindauer, David L.  Why not Africa?.  
            35p.                                                        
     6865   Gaynor, Martin, Haas-Wilson, Deborah & Vogt, William B.  Are
            invisible hands good hands?: moral hazard competition, and  
            the second best in health care markets.  28p.               
     6970   Goldberg, Fred T. & Graetz, Michael J.  Reforming social    
            security: a practical and workable systems of personal      
            retirement account.  43p.                                   
     6906   Gompers, Paul A. & Lerner, Josh.  What drives venture       
            capital fundraising?.  53p.                                 
     6964   Gordon, Robert J.  The aftermath of the 1992 ERM breakup:   
            was there a macroeconomic free lunch?.  71p.                
     6931   Greenwood, Jeremy & Jovanovic, Boyan.  The information      
            technology revolution and the stock market.  15p.           
     6901   Grossman, Gene M.  Imperfect labor contracts and            
            international trade.  40p.                                  



                                                           PAGE  76

     6912   Hall, Robert E.  Aggregate job destruction and inventory    
            liquidation.  30p.                                          
     6914   Hall, Robert E.  Controlling the price level.  22p.         
     6927   Hamermesh, Daniel S.  The art of labormetrics.  38p.        
     6915   Harrison, Ann & Hanson, Gordon.  Who gains from trade       
            reform?: some remaining puzzles.  47p.                      
     6886   Hermalin, Benjamin E. & Rose, Andrew K.  Risks to lenders   
            and borrowers in international capital markets.  46p.       
     6875   Holmstrom, Bengt.  Managerial incentive problems: a dynamic 
            perspective.  23p.                                          
     6941   Hooker, Mark A. & Knetter, Michael M.  Measuring the        
            economic effects of military base closures.  31p.           
     6911   Hoxby, Caroline M.  The productivity of schools and other   
            local public goods producers.  34p.                         
     6873   Hoxby, Caroline M. & Terry, Bridget.  Explaining rising     
            income and wage inequality among the college-educated.  72p.
     6878   Hunt, Jennifer.  Post-unification wage growth in East       
            Germany.  43p.                                              
     6913   Jeng, Leslie A., Metrick, Andrew & Zeckhauser, Richard.  The
            profits to insider trading: a performance-evaluation        
            perspective.  56p.                                          
     6887   Kaestner, Robert, Joyce, Theodore & Racine, Andrew.  Does   
            publicly provided health insurance improve the health of    
            low-income children in the United States?.  26p.            
     6960   Kaplow, Louis & Shavell, Steven.  Economic analysis of law. 
            97p.                                                        
     6962   Kashyap, Anil K., Rajan, Raghuram & Stein, Jeremy C.  Banks 
            and liquidity providers: an explanation for the co-existence
            of lending and deposit-taking.  51p.                        
     6897   Kessler, Daniel & McClellan, Mark.  Designing hospital      
            antitrust policy to promote social welfare.  28p.           
     6955   Khanna, Tarun & Palepu, Krishna.  Emerging market business  
            groups, foreign investors, and corporate governance.  33p.  
     6968   Kim, Woochan & Wei, Shang-Jin.  Foreign portfolio investors 
            before and during a crisis.  28p.                           
     6947   Klette, Tor Jakob, Moen, Jarle & Griliches, Zvi.  Do        
            subsidies to commercial R & D reduce market failures?:      
            microeconomic evaluation studies.  35p.                     
     6969   Knetter, Michael M. & Slaughter, Matthew J.  Measuring      
            product market integration.  40p.                           
     6846   Kortum, Samuel & Lerner, Josh.  Does venture capital spur   
            innovation?.  67p.                                          
     6922   Koskela, Erkki, Schob, Ronnie & Sinn, Hans-Werner.  Green   
            tax reform and competitiveness.  15p.                       
     6952   Krishna, Kala & Tranaes, Torben.  Efficient competition with
            small numbers, with applications to privatisation and       
            mergers.  26p.                                              
     6861   Krishna, Kala, Ozyildirim, Ataman & Swanson, Norman R.      
            Trade, investment, and growth: nexus, analysis, and         
            prognosis.  36p.                                            
     6885   Lang, Mark H. & Shackelford, Douglas A.  Capitalization of  
            capital gains taxes: evidence from stock price reactions to 
            the 1997 rate reduction.  37p.                              
     6957   Lazear, Edward P.  Personnel economics: past lessons and    
            future directions.  61p.                                    



                                                           PAGE  77

     6910   Lee, Julie, McClellan, Mark & Skinner, Jonathan.  The       
            distributional effects of Medicare.  38p.                   
     6570   Levin, Andrew, Wieland, Volker & Williams, John C.          
            Robustness of simple monetary policy rules under model      
            uncertainty.  47p.                                          
     6893   Levinsohn, James & Petrin, Amil.  When industries become    
            more productive, do firms?: investigating productivity      
            dynamics.  37p.                                             
     6876   Lipsey, Robert E.  The location and characteristics of U.S. 
            affiliates in Asia.  34p.                                   
     6908   Manski, Charles F. & Straub, John D.  Worker perceptions of 
            job insecurity in the mid 1990s: evidence from the survey of
            economic expectations.  46p.                                
     6916   Markowitz, Sara.  The price of alcohol, wife abuse, and     
            husband abuse.  35p.                                        
     6629   Markowitz, Sara & Grossman, Michael.  The effects of alcohol
            regulation on physical child abuse.  42p.                   
     6950   Miron, Jeffrey A.  Violence and U.S. prohibitions of drugs  
            and alcohol.  40p.                                          
     6965   Mishkin, Frederic S.  International experiences with        
            different monetary policy regimes.  47p.                    
     6892   Mishkin, Frederic S. & Strahan, Philip E.  What will        
            technology do to financial structure?.  31p.                
     6581   Neumark, David.  Youth labor markets in the U.S.: shopping  
            around vs. staying put.  38p.                               
     6932   Nevo, Aviv & Wolfram, Catherine.  Prices and coupons for    
            breakfast cereals.  45p.                                    
     6590   Petroni, Kathy R. & Shackelford, Douglas A.  Managing annual
            accounting reports to avoid state taxes: an analysis of     
            property-casualty insurers.  29p.                           
     6945   Polinsky, A. Mitchell & Shavell, Steven.  Corruption and    
            optimal law enforcement.  25p.                              
     6918   Poterba, James M. & Warshawsky, Mark J.  The costs of       
            annuitizing retirement payouts from individual accounts.    
            35p.                                                        
     6949   Rangel, Antonio & Zeckhauser, Richard.  Can market and      
            voting institutions generate optimal intergenerational risk 
            sharing?.  33p.                                             
     6884   Razin, Assaf, Sadka, Efraim & Yuen, Chi-Wa.  An             
            information-based model of foreign direct investment: the   
            gains from trade revisited.  34p.                           
     6948   Romer, Christina D.  Changes in business cycles: evidence   
            and explanations.  48p.                                     
     6909   Rotemberg, Julio J. & Woodford, Michael.  The cyclical      
            behavior of prices and costs.  116p.                        
     6963   Roth, Alvin E. & Peranson, Elliott.  The redesign of the    
            matching market for American physicians: some engineering   
            aspects of economic design.  69p.                           
     6958   Saffer, Henry & Chaloupka, Frank.  Tobacco advertising:     
            economic theory and international evidence.  34p.           
     6946   Scheve, Kenneth F. & Slaughter, Matthew J.  Labor-market    
            competition and individual preferences over immigration     
            policy.  30p.                                               
     6971   Shapiro, Irving, Shapiro, Matthew D. & Wilcox, David W.     
            Quality improvement in health care: a framework for price   
            and output measurement.  11p.                               


                                                           PAGE  78

     6956   Shavell, Steven & van Ypersele, Tanguy.  Rewards versus     
            intellectual property rights.  31p.                         
     6896   Sloan, Frank A., et al.  Does where you are admitted make a 
            difference?: an analysis of Medicare data.  44p.            
     6937   Tauras, John A. & Chaloupka, Frank J.  Price, clean indoor  
            air laws, and cigarette smoking: evidence from longitudinal 
            data for young adults.  43p.                                
     6991   Abel, Andrew B.  The Social Security Trust Fund, the        
            riskless interest rate, and capital accumulation.  45p.     
     6996   Abowd, John M., Kramarz, Francis & Margolis, David N.       
            Minimum wages and employment in France and the United       
            States.  30p.                                               
     7018   Acemoglu, Daron.  Patterns of skill premia.  29p.           
     7004   Aizenman, Joshua & Turnovsky, Stephen J.  Reserve           
            requirements on sovereign debt in the presence of moral     
            hazard -- on debtors or creditors?.  34p.                   
     7060   Alvarez, Fernando, Atkeson, Andrew & Kehoe, Patrick J.      
            Money and interest rates with endogenously segmented        
            markets.  36p.                                              
     7000   Anderson, James E. & Marcouiller, Douglas.  Trade,          
            insecurity, and home bias: an empirical investigation.  30p.
     7058   Anderson, Patricia M. & Levine, Phillip B.  Child care and  
            mothers' employment decisions.  55p.                        
     7056   Ang, Andrew & Bekaert, Geert.  International asset          
            allocation with time-varying correlations.  61p.            
     6982   Ashenfelter, Orley, Ashmore, David & Deschenes, Olivier.  Do
            unemployment insurance recipients actively seek work?:      
            randomized trials in four U.S. states.  28p.                
     7041   Auerbach, Alan J. & Oreopoulos, Philip.  Generational       
            accounting and immigration in the United States.  34p.      
     7035   Auerbach, Alan J. & Hassett, Kevin A.  A new measure of     
            horizontal equity.  42p.                                    
     7036   Auerbach, Alan J. & Hassett, Kevin A.  Uncertainty and the  
            design of long-run fiscal policy.  27p.                     
     7071   Bagwell, Kyle & Staiger, Robert W.  Multilateral trade      
            negotiations, bilateral opportunism and the rules of GATT.  
            54p.                                                        
     7069   Baks, Klaas, Metrick, Andrew & Wachter, Jessica.  Bayesian  
            performance evaluation.  54p.                               
     7019   Baldwin, Robert E.  Inferring relative factor price changes 
            from quantitative data.  22p.                               
     7038   Barro, Robert J.  Inequality, growth, and investment.  52p. 
     7046   Baxter, Marianne & Jermann, Urban J.  Household production  
            and the excess sensitivity of consumption to current income.
             60p.                                                       
     7003   Bayard, Kimberly, et al.  New evidence on sex segregation   
            and sex differences in wages from matched employee-employer 
            data.  60p.                                                 
     7026   Bergin, Paul R. & Feenstra, Robert C.  Pricing to market,   
            staggered contracts, and real exchange rate persistence.    
            39p.                                                        
     7024   Berndt, Ernst R., Pindyck, Robert S. & Azoulay, Pierre.     
            Network effects and diffusion in pharmaceutical markets:    
            anti-ulcer drugs.  31p.                                     




                                                           PAGE  79

     6998   Blank, Rebecca M., Card, David & Robins, Philip K.          
            Financial incentives for increasing work and income among   
            low-income families.  45p.                                  
     7040   Blonigen, Bruce A. & Slaughter, Matthew J.                  
            Foreign-affiliate activity and U.S. skill upgrading.  35p.  
     7030   Bohn, Henning.  Social security and demographic uncertainty:
            the risk sharing properties of alternative policies.  52p.  
     7005   Brown, Jeffrey R., Mitchell, Olivia S. & Poterba, James M.  
            The role of real annuities and indexed bonds in an          
            individual accounts retirement program.  47p.               
     6974   Butcher, Kristin F. & Piehl, Anne M.  The role of           
            deportation in the incarceration of immigrants.  46p.       
     7029   Campbell, John Y., et al.  Investing retirement wealth: a   
            life-cycle model.  47p.                                     
     6987   Caplin, Andrew & Leahy, John.  Durable goods cycles.  26p.  
     7047   Chaloupka, Frank J. & Warner, Kenneth E.  The economics of  
            smoking.  67p.                                              
     7039   Chan, Louis K.C., Karceski, Jason & Lakonishok, Josef.  On  
            portfolio optimization: forecasting covariances and choosing
            the risk model.  58p.                                       
     7027   Christiano, Lawrence J. & Vigfussion, Robert J.  Maximum    
            likelihood in the frequency domain: a time to build example.
             15p.                                                       
     7017   Christiano, Lawrence J. & Gust, Christopher J.  Taylor rules
            in a limited participation model.  27p.                     
     6989   Coronado, Julia L., Fullerton, Don & Glass, Thomas.         
            Distributional impacts of proposed changes to the social    
            security system.  51p.                                      
     6833   Corsetti, Giancarlo, Pesenti, Paolo & Roubini, Nouriel.     
            What caused the Asian currency and financial crisis?, part  
            1: A macroeconomic overview.  49p.                          
     6855   Costa, Dora L.  Hours of work and the Fair Labor Standards  
            Act: A study of retail and wholesale trade, 1938-1950.  38p.
     6999   Currie, Janet & Hyson, Rosemary.  Is the impact of health   
            shocks cushioned by socioeconomic status?: the case of low  
            birthweight.  37p.                                          
     7057   den Haan, Wouter J., Ramey, Garey & Watson, Joel.  Liquidity
            flows and fragility of business enterprises.  49p.          
     6992   Devereux, Michael B. & Engel, Charles.  The optimal choice  
            of exchange rate regime: price-setting rules and            
            internationalized production.  36p.                         
     7050   Diamond, Peter.  Administrative costs and equilibrium       
            charges with individual accounts.  31p.                     
     6994   Dumas, Bernard & Uppal, Raman.  Global diversification,     
            growth and welfare with imperfectly integrated markets for  
            goods.  32p.                                                
     6976   Ehrenberg, Ronald G. & Mykula, Jaroslava K.  Do indirect    
            cost rates matter?.  27p.                                   
     7067   Engel, Charles.  On the foreign exchange risk premium in    
            sticky-price general equilibrium models.  16p.              
     7002   Farber, Henry S.  Alternative and part-time employment      
            arrangements as a response to job loss.  32p.               
     7065   Feldstein, Martin & Ranguelova, Elena.  The economics of    
            bequests in pensions and social security.  34p.             




                                                           PAGE  80

     7016   Feldstein, Martin, Ranguelova, Elena & Samwick, Andrew.  The
            transition to investment-based social security when         
            portfolio returns and capital profitability are uncertain.  
            68p.                                                        
     7009   Ferson, Wayne E. & Harvey, Campbell R.  Conditioning        
            variables and the cross-section of stock returns.  58p.     
     7011   Flavin, Marjorie.  Robust estimation of the joint           
            consumption/asset demand decision.  31p.                    
     6803   Foster, Lucia, Haltiwanger, John & Krizan, C.J.  Aggregate  
            productivity growth: lessons from microeconomic evidence.   
            83p.                                                        
     7052   Frank, Richard G. & McGuire, Thomas G.  Economics and mental
            health.  100p.                                              
     7073   Freeman, Richard B. & Rodgers, William M.  Area economic    
            conditions and the labor market outcomes of young men in the
            1990s expansion.  45p.                                      
     7059   Fullerton, Don & West, Sarah.  Can taxes on cars and on     
            gasoline mimic an unavailable tax on emissions?.  29p.      
     7032   Gatev, Evan G., Goetzmann, William N. & Rouwenhorst, K.     
            Geert.  Pairs trading: performance of a relative value      
            arbitrage rule.  33p.                                       
     7033   Goetzmann, William N. & Massa, Massimo.  Index funds and    
            stock market growth.  49p.                                  
     6985   Goldberg, Linda & Tracy, Joseph.  Exchange rates and local  
            labor markets.  34p.                                        
     7034   Goulder, Lawrence H. & Williams, Roberton C.  The usual     
            excess-burden approximation usually doesn't come close.     
            36p.                                                        
     6984   Hall, Bronwyn H.  Innovation and market value.  34p.        
     7062   Hall, Bronwyn H. & Ham, Rose Marie.  The patent paradox     
            revisited: determinants of patenting in the U.S.            
            semiconductor industry, 1980-94.  42p.                      
     7025   Hall, Robert E.  The concentration of job destruction.  19p.
     7054   Hanson, Gordon H., Robertson, Raymond & Spilimbergo,        
            Antonio.  Does border enforcement protect U.S. workers from 
            illegal immigration?.  49p.                                 
     7074   Hanson, Gordon H. & Slaughter, Matthew J.  The Rybczynski   
            theorem, factor-price equalization and immigration: evidence
            from U.S. states.  46p.                                     
     7082   Hanushek, Eric A., Kain, John F. & Rivkin, Steven G.  Do    
            higher salaries buy better teachers?.  51p.                 
     6981   Harrigan, James & Balaban, Rita A.  U.S. wages in general   
            equilibrium: the effects of prices, technology, and factor  
            supplies, 1963-1991.  48p.                                  
     6978   Haskel, Jonathan & Slaughter, Matthew J..  Trade, technology
            and U.K. wage inequality.  35p.                             
     6983   Heckman, James J. & Smith, Jeffrey A.  The pre-program      
            earnings dip and the determinants of participation in a     
            social program: implications for prog. eval.  61p.          
     6820   Hines, James R.  Nonprofit business activity and the        
            unrelated business income tax.  39p.                        
     7070   Hopenhayn, Hugo & Mitchell, Matthew F.  Innovation fertility
            and patent design.  34p.                                    
     7020   Huddart, Steven, Jagannathan, Ravi & Saly, Jane.  Valuing   
            the reload features of executive stock options.  32p.       



                                                           PAGE  81

     7048   Hurd, Michael D.  Mortality risk and consumption by couples.
             49p.                                                       
     7001   Imbens, Guido W., Rubin, Donald B. & Sacerdote, Bruce.      
            Estimating the effect of unearned income on labor supply,   
            earnings, savings, and consumption: evidence from a surve.  
            58p.                                                        
     7064   Jaffe, Adam B. & Lerner, Josh.  Privatizing R & D: Patent   
            policy and the commercialization of national laboratory     
            technologies.  49p.                                         
     7049   James, Estelle, et al.  Mutual funds and institutional      
            investments: what is the most efficient way to set up       
            individual accounts in a socia.  60p.                       
     7063   Jones, Larry E., Manuelli, Rodolfo E. & Stacchetti, Ennio.  
            Technology (and policy) shocks in models of endogenous      
            growth.  37p.                                               
     7072   Jones, Larry E. & Manuelli, Rodolfo E.  Volatile policy and 
            private information: the case of monetary policy.  35p.     
     6990   Keller, Wolfgang.  How trade patterns and technology flows  
            affect productivity growth.  55p.                           
     7068   Khan, B. Zorina.  Legal monopoly: patents and antitrust     
            litigation in U.S. manufacturing, 1970 - 1998.  33p.        
     6986   Kolev, Dobrin R. & Prusa, Thomas J.  Dumping and double     
            crossing: the (in)effectiveness of cost-based trade policy  
            under incomplete information.  42p.                         
     7006   Krueger, Alan B.  Measuring labor's share.  14p.            
     6980   Lakdawalla, Darius & Philipson, Tomas.  Aging and the growth
            in long-term care.  32p.                                    
     7055   Lamont, Owen.  Economic tracking portfolios.  45p.          
     6973   Lamont, Owen.  Investment plans and stock returns.  30p.    
     7015   MaCurdy, Thomas E. & Shoven, John B.  Asset allocation and  
            risk allocation: can social security improve its future     
            solvency problem by investing in priva.  31p.               
     7031   McHale, John.  The risk of social security benefit rule     
            changes: some international evidence.  72p.                 
     6711   Maggi, Giovanni & Rodriguez-Clare, Andres.  Import          
            penetration and the politics of trade protection.  21p.     
     7045   Mendoza, Enrique G. & Uribe, Martin.  The business cycles of
            balance-of-payment crises: a revision of a Mundellian       
            framework.  47p.                                            
     7014   Mendoza, Enrique G. & Uribe, Martin.  Devaluation risk and  
            the syndrome of exchange-rate based stabilizations.  46p.   
     6975   Menes, Rebecca.  The effect of patronage politics on city   
            government in American cities, 1900 - 1910.  57p.           
     7044   Mishkin, Frederic S.  International experiences with        
            different monetary policy regimes.  48p.                    
     6995   Moffitt, Robert A.  Demographic change and public assistance
            expenditures.  48p.                                         
     7037   Philipson, Tomas.  Economic epidemiology and infectious     
            diseases.  44p.                                             
     6993   Polinsky, A. Mitchell & Shavell, Steven.  The economic      
            theory of public enforcement of law.  54p.                  
     7012   Rangan, Subramanian & Lawrence, Robert Z.  Search and       
            deliberation in international exchange: learning from       
            multinational trade about lags, distance effects, .  32p.   




                                                           PAGE  82

     7053   Rauch, James E. & Watson, Joel.  Starting small in an       
            unfamiliar environment.  33p.                               
     7013   Razin, Assaf & Sadka, Efraim.  Unskilled migration: a burden
            or a boon for the welfare state.  23p.                      
     7066   Sakakibara, Mariko & Branstetter, Lee.  Do stronger patents 
            induce more innovation?: Evidence from the 1998 Japanese    
            patent law reforms.  57p.                                   
     7008   Shiller, Robert J.  Measuring bubble expectations and       
            investor confidence.  29p.                                  
     6979   Sinn, Hans-Werner.  Inflation and welfare: comment on Robert
            Lucas.  12p.                                                
     7023   Stock, James H. & Watson, Mark W.  Forecasting inflation.   
            44p.                                                        
     7021   Stulz, Rene M.  Globalization of equity markets and the cost
            of capital.  66p.                                           
     7022   Trajtenberg, Manuel.  Innovation in Israel, 1968-97: a      
            comparative analysis using panel data.  28p.                
     6988   Weitzman, Martin L.  A contribution to the theory of welfare
            comparisons.  22p.                                          
     7010   Zarnowitz, Victor.  Theory and history behind business      
            cycles: are the 1990s the onset of a golden age?.  49p.     
     7124   Abowd, John M. & Kaplan, David S.  Executive compensation:  
            six questions that need answering.  35p.                    
     7184   Acemoglu, Daron & Pischke, Jorn-Steffen.  Minimum wages and 
            on-the-job training.  43p.                                  
     7214   Ahn, Dong-Hyun, et al.  Behavioralize this!: international  
            evidence on autocorrelation patterns of stock index and     
            features return.  39p.                                      
     7202   Aizenman, Joshua & Marion, Nancy.  Reserve uncertainty and  
            the supply of international credit.  23p.                   
     7108   Alesina, Alberto & Weder, Beatrice.  Do corrupt governments 
            receive less foreign aid?.  44p.                            
     7155   Alesina, Alberto & La Ferrara, Eliana.  Participation in    
            heterogeneous communities.  57p.                            
     7207   Alesina, Alberto, et al.  Fiscal policy, profits, and       
            investment.  51p.                                           
     7236   Altonji, Joseph G. & Devereux, Paul J.  The extent and      
            consequences of downward nominal wage rigidity.  48p.       
     7260   Arora, Ashish & Asundi, Jai.  Quality certification and the 
            economics of contract software development: a study of the  
            Indian software industry.  35p.                             
     7294   Ashenfelter, Orley & Hyslop, Dean.  Measuring the effect of 
            arbitration on wage levels: the case of police officers.    
            26p.                                                        
     7185   Athey, Susan & Levin, Jonathan.  Information and competition
            in U.S. Forest Service timber auctions.  50p.               
     7293   Bagwell, Kyle & Staiger, Robert W.  Domestic policies,      
            national sovereignty and international economic             
            institutions.  53p.                                         
     7138   Baker, Michael.  The retirement behavior of married couples:
            evidence from the spouse's allowance.  45p.                 
     7220   Barberis, Nicholas, Huang, Ming & Santos, Tano.  Prospect   
            theory and asset prices.  49p.                              
     7043   Bartel, Ann P. & Harrison, Ann E.  Ownership versus         
            environment: why are public sector firms inefficient.  50p. 



                                                           PAGE  83

     7197   Barth, Erling & Dale-Olsen, Harald.  Monopsonistic          
            discrimination and the gender wage gap.  45p.               
     7090   Basu, Susanto & Taylor, Alan M.  Business cycles in         
            international historical perspective.  41p.                 
     6997   Bayard, Kimberly, et al.  Why are racial and ethnic wage    
            gaps larger for men than for women?: exploring the role of  
            segregation using the new.  28p.                            
     7203   Bebchuk, Lucian Arye.  A rent-protection theory of corporate
            ownership and control.  44p.                                
     7232   Bebchuk, Lucian Arye & Ferrell, Allen.  Federalism and      
            takeover law: the race to protect managers from takeovers.  
            52p.                                                        
     7106   Bebchuk, Lucian Arye & Shavell, Steven.  Reconsidering      
            contractual liability and the incentive to reveal           
            information.  9p.                                           
     7132   Benabou, Roland.  Tax and education policy in a             
            heterogeneous agent economy: what levels of redistribution  
            maximize growth and effici.  58p.                           
     7127   Benkard, C. Lanier.  Learning and forgetting: the dynamics  
            of aircraft production.  56p.                               
     7135   Bernard, Andrew B. & Jensen, J. Bradford.  Exporting and    
            productivity.  37p.                                         
     7061   Bernheim, B. Douglas.  Taxation and saving.  105p.          
     7080   Berry, Steven T. & Waldfogel, Joel.  Mergers, station entry,
            and programming variety in radio broadcasting.  39p.        
     7084   Besley, Timothy & Coate, Stephen.  Centralized versus       
            decentralized provision of local public goods: a political  
            economy analysis.  44p.                                     
     7083   Besley, Timothy & Coate, Stephen.  The public choice        
            critique of welfare economics: an exploration.  44p.        
     7269   Blanchard, Olivier & Perotti, Roberto.  An empirical        
            characterization of the dynamic effects of changes in       
            government spending and taxes on output.  48p.              
     7282   Blanchard, Olivier & Wolfers, Justin.  The role of shocks   
            and institutions in the rise of European unemployment: the  
            aggregate evidence.  44p.                                   
     7099   Blank, Rebecca M.  When can public policy makers rely on    
            private markets?: the effective provision of social         
            security.  27p.                                             
     7225   Blau, David M. & Mocan, H. Naci.  The supply of quality in  
            child care centers.  47p.                                   
     7161   Blinder, Alan S.  Central bank credibility: why do we care?:
            How do we build it?.  23p.                                  
     7154   Blonigen, Bruce A.  In search of substitution between       
            foreign production and exports.  44p.                       
     7275   Blonigen, Bruce A. & Tomlin, KaSaundra.  Size and growth of 
            Japanese plants in the United States.  29p.                 
     7195   Bordo, Michael D., Eichengreen, Barry & Irwin, Douglas A.   
            Is globalization today really different than globalization a
            hundred years ago?.  73p.                                   
     7186   Bordo, Michael, Edelstein, Michael & Rockoff, Hugh.  Was    
            adhering to the gold standard a "good housekeeping seal of  
            approval" during the interwar period?.  49p.                
     7125   Bordo, Michael D., Choudhri, Ehsan U. & Schwartz, Anna J.   
            Was expansionary monetary policy feasible during the Great  
            Contraction?: an examination of the gold standard constr.   
            49p.                                                        

                                                           PAGE  84

     7075   Borenstein, Severin & Farrell, Joseph.  Do stock price      
            movements reveal profit dissipation?  An investigation of   
            the gold mining industry.  38p.                             
     7213   Boudoukh, Jacob.  A multifactor, nonlinear, continuous time 
            model of interest rate volatility.  40p.                    
     7092   Bradford, David F. & Shaviro, Daniel N.  The economics of   
            vouchers.  64p.                                             
     7100   Branstetter, Lee G. & Feenstra, Robert C.  Trade and foreign
            direct investment in China: a political economy approach.   
            47p.                                                        
     7136   Bresnahan, Timothy F., Brynjolfsson, Erik & Hitt, Lorin M.  
            Information technology, workplace organization, and the     
            demand for skilled labor: firm-level evidence.  43p.        
     7193   Brown, Jeffrey R.  Are the elderly really over-annuitized?: 
            new evidence on life insurance and bequests.  49p.          
     7191   Brown, Jeffrey R.  Private pensions, mortality risk, and the
            decision to annuitize.  51p.                                
     7199   Brown, Jeffrey R. & Poterba, James M.  Joint life annuities 
            and annuity demand by married couples.  34p.                
     7268   Brown, Jeffrey R., et al.  Taxing retirement income:        
            nonqualified annuities and distributions from qualified     
            accounts.  44p.                                             
     7245   Buiter, Willem H. & Panigirtzoglou, Nikolaos.  Liquidity    
            traps: how to avoid them and how to escape them.  69p.      
     7143   Burnside, Craig, Eichenbaum, Martin & Rebelo, Sergio.       
            Hedging and financial fragility in fixed exchange rate      
            regimes.  58p.                                              
     7153   Calvo, Guillermo A. & Mendoza, Enrique G.  Rational         
            contagion and the globalization of securities markets.  40p.
     7249   Cameron, Stephen V. & Heckman, James J.  The dynamics of    
            educational attainment for blacks, Hispanics, and whites.   
            88p.                                                        
     7144   Campbell, John Y. & Lettau, Martin.  Dispersion and         
            volatility in stock returns: an empirical investigation.    
            42p.                                                        
     7237   Campbell, John Y. & Cochrane, John H.  Explaining the poor  
            performance of consumption-based asset pricing models.  17p.
     7278   Casella, Alessandra.  Tradable deficit permits: efficient   
            implementation of the stability pact in the European        
            Monetary Union.  58p.                                       
     7151   Cecchetti, Stephen G.  Legal structure, financial structure,
            and the monetary policy transmission mechanism.  33p.       
     7215   Chan, Louis K.C., Chen, Hsiu-Lang & Lakonishok, Josef.  On  
            mutual fund investment styles.  45p.                        
     7223   Chan, Louis K.C., Lakonishok, Josef & Sougiannis, Theodore. 
            The stock market valuation of research and development      
            expenditures.  43p.                                         
     7096   Chang, Howard F. & Sigman, Hilary.  Incentives to settle    
            under joint and several liability: an empirical analysis of 
            Superfund litigation.  40p.                                 
     7272   Chang, Roberto & Velasco, Andres.  Liquidity crises in      
            emerging markets: theory and policy.  59p.                  
     7091   Chinn, Menzie D., Dooley, Michael P. & Shrestha, Sona.      
            Latin America and East Asia in the context of an insurance  
            model of currency crises.  34p.                             



                                                           PAGE  85

     7257   Christiano, Lawrence J. & Fitzgerald, Terry J.  The band    
            pass filter.  71p.                                          
     7077   Clarida, Richard & Prendergast, Joe.  Fiscal stance and the 
            real exchange: soe empirical estimates.  20p.               
     7147   Clarida, Richard, Gali, Jordi & Gertler, Mark.  The science 
            of monetary policy: a new Keynesian perspective.  84p.      
     7290   Clotfelter, Charles T.  Are whites still "fleeing?" racial  
            patterns and enrollment shifts in urban public schools,     
            1987-1996.  56p.                                            
     7169   Cochrane, John H.  New facts in finance.  42p.              
     7170   Cochrane, John H.  Portfolio advice for a multifactor world.
             36p.                                                       
     7145   Collins, William J. & Williamson, Jeffrey G.  Capital goods 
            prices, global capital markets and accumulation: 1870-1950. 
            46p.                                                        
     7148   Costa, Dora L.  American living standards: evidence from    
            recreational expenditures.  40p.                            
     7173   Cullen, Julie B.  The impact of fiscal incentives on student
            disability rates.  47p.                                     
     7291   Currie, Janet & Yelowitz, Aaron.  Health insurance and less 
            skilled workers.  49p.                                      
     7176   Cutler, David M. & Zeckhauser, Richard J.  The anatomy of   
            health insurance.  121p.                                    
     7279   Cutler, David M. & Meara, Ellen.  The concentration of      
            medical spending: an update.  31p.                          
     7089   Cutler, David M., et al.  Pricing heart attack treatments.  
            69p.                                                        
     7246   Daniel, Kent, Titman, Sheridan & Wei, John.  Explaining the 
            cross-section of stock returns in Japan: factors or         
            characteristics?.  28p.                                     
     7248   Darby, Michael R. & Zucker, Lynne G.  Local academic science
            driving organizational change: the adoption of biotechnology
            by Japanese firms.  56p.                                    
     7201   Darby, Michael R., Liu, Qiao & Zucker, Lynne G.  Stakes and 
            stars: the effect of intellectual human capital on the level
            and variability of high-tech firms' market .  45p.          
     7095   Davis, Steven J. & Haltiwanger, John.  Sectoral job creation
            and destruction responses to oil price changes.  58p.       
     7141   Deaton, Angus.  Inequalities in income and inequalities in  
            health.  37p.                                               
     7140   Deaton, Angus & Paxson, Christina.  Mortality, education,   
            income, and inequality among American cohorts.  49p.        
     6972   den Haan, Wouter J., Ramey, Garey & Watson, Joel.           
            Contract-theoretic approaches to wages and displacement.    
            26p.                                                        
     7218   den Haan, Wouter J., Ramey, Garey & Watson, Joel.  Job      
            destruction and the experiences of displaced workers.  48p. 
     7103   Diamond, Peter & Geanakoplos, John.  Social security        
            investment in equities, I: linear case.  18p.               
     7211   Drazen, Allan.  Political contagion in currency crises.     
            31p.                                                        
     7165   Driscoll, John C. & Ito, Harumi.  Sticky prices,            
            coordination, and collusion.  15p.                          
     7105   Duffie, Darrell, Pan, Jun & Singleton, Kenneth.  Transform  
            analysis and asset pricing for affine jump-diffusions.  44p.



                                                           PAGE  86

     7233   Edwards, Sebastian.  On crisis prevention: lessons from     
            Mexico and East Asia.  59p.                                 
     7228   Edwards, Sebastian & Savastano, Miguel A.  Exchange rates in
            emerging economies: what do we know? What do we need to     
            know?.  72p.                                                
     7113   Eichengreen, Barry & Mody, Ashoka.  Lending booms, reserves 
            and the sustainability of short-term debt: inferences from  
            the pricing of syndicated bank l.  43p.                     
     7242   Engel, Charles & Rogers, John H.  Violating the law of one  
            price: should we make a federal case out of it?.  21p.      
     7182   Fairlie, Robert W. & Meyer, Bruce D.  Trends in             
            self-employment among white and black men, 1910-1990.  58p. 
     7229   Farber, Henry S.  Union success in representation elections:
            why does unit size matter?.  41p.                           
     7295   Farber, Henry S. & Hallock, Kevin F.  Have employment       
            reductions become good news for shareholders?: the effects  
            of job loss announcements on stock price.  45p.             
     7152   Faust, Jon & Svensson, Lars E.O.  The equilibrium degree of 
            transparency and control in monetary policy.  24p.          
     7231   Favero, Carlo A., Giavazzi, Francesco & Flabbi, Luca.  The  
            transmission mechanism of monetary policy in Europe:        
            evidence from banks' balance sheets.  21p.                  
     7111   Fernandez, Raquel & Rogerson, Richard.  Equity and          
            resources: an analysis of education finance systems.  39p.  
     6936   Fershtman, Chaim & Pakes, Ariel.  A dynamic oligopoly with  
            collusion and price wars.  41p.                             
     7274   Figlio David N. & Blonigen, Bruce A.  The effects of direct 
            foreign investment on local communities.  26p.              
     7168   Finkelstein, Amy & Poterba, James.  Selection effects in the
            market for individual annuities: new evidence from the      
            United Kingdom.  39p.                                       
     7267   Forbes, Kristin & Rigobon, Roberto.  No contagion, only     
            interdependence: measuring stock market co-movements.  39p. 
     7200   Friedberg, Leora.  The labor supply effects of the social   
            security earnings test.  40p.                               
     7287   Froot, Kenneth A.  The evolving market for catastrophic     
            event risk.  30p.                                           
     7286   Froot, Kenneth A.  The market for catastrophic risk: a      
            clinical examination.  42p.                                 
     7259   Fullerton, Don, Hong, Inkee & Metcalf, Gilbert E.  A tax on 
            output of the pollution industry is not a tax on pollution: 
            the importance of hitting the target.  42p.                 
     7122   Galenson, David W. & Weinberg, Bruce A.  Age and the quality
            of work: the case of modern American painters.  27p.        
     7198   Garber, Alan M.  Advances in cost-effectiveness analysis of 
            health interventions.  98p.                                 
     7112   Gaynor, Martin & Vogt, William B.  Antitrust and competition
            in health care markets.  89p.                               
     7076   Genesove, David.  The adoption of offset presses in the     
            daily newspaper industry in the United States.  33p.        
     7137   Genesove, David.  The nominal rigidity of apartment rents.  
            52p.                                                        
     7221   Gershberg, Alec I., Grossman, Michael & Goldman, Fred.      
            Health care capital financing agencies: the                 
            intergovernmental roles of quasi government authorities and 
            the impact .  36p.                                          


                                                           PAGE  87

     7216   Glaeser, Edward L., et al.  What is social capital?: the    
            determinants of trust and trustworthiness.  61p.            
     7205   Glied, Sherry.  Managed care.  56p.                         
     7204   Glied, Sherry.  The value of reductions in child injury     
            mortality in the U.S.  30p.                                 
     7183   Gokhale, Jagadeesh, et al.  Simulating the transmission of  
            wealth inequality via bequests.  55p.                       
     7196   Goldberg, Linda S. & Klein, Michael W.  International trade 
            and factor mobility: an empirical investigation.  24p.      
     7217   Goldin, Claudia & Katz, Lawrence F.  Education and income in
            the early 20th century: evidence from the praries.  48p.    
     7126   Goldin, Claudia & Katz, Lawrence F.  The returns to skill in
            the United States across the twentieth century.  49p.       
     7110   Gordon, Roger H. & Li, Wei.  Government as a discriminating 
            monopolist in the financial market: the case of China.  26p.
     7244   Gordon, Roger H. & Wilson, John D.  Tax structure and       
            government behavior: implications for tax policy.  19p.     
     7123   Gorton, Gary & Kahl, Matthias.  Blockholder identity equity 
            ownership structures and hostile takeovers.  60p.           
     7271   Gourinchas, Pierre-Olivier & Parker, Jonathan A.            
            Consumption over the life cycle.  47p.                      
     7303   Grossman, Gene M. & Helpman, Elhanan.  Incomplete contracts 
            and industrial organization.  42p.                          
     7078   Grossman, Michael.  The human capital model of the demand   
            for health.  100p.                                          
     7129   Grossman, Michael & Markowitz, Sara.  Alcohol regulation and
            violence on college campuses.  43p.                         
     7174   Gustman, Alan L. & Steinmeier, Thomas L.  Employer provided 
            pension data in the NLS Mature Women's Survey and in the    
            Health and Retirement Study.  71p.                          
     7131   Hahn, Jinyong, Todd, Petra & Van der Klaauw, Wilbert.       
            Evaluating the effect of an antidiscrimination law using a  
            regressive discontinuity design.  40p.                      
     7098   Hall, Bronwyn H. & van Reenen, John.  How effective are     
            fiscal incentives for R & D?: a review of the evidence.     
            52p.                                                        
     7181   Hall, Robert E.  Reorganization.  29p.                      
     7180   Hall, Robert E.  The stock market and capital accumulation. 
            32p.                                                        
     7281   Hausman, Jerry.  Efficiency effects on the U.S. economy from
            wireless taxation.  19p.                                    
     7167   Hamermesh, Daniel S., Meng, Xin & Zhang, Junsen.  Dress for 
            success: does primping pay?.  23p.                          
     7230   Heckman, James J.  Accounting for heterogeneity, diversity, 
            and general equilibrium in evaluating social programs.      
            105p.                                                       
     7288   Heckman, James J.  Policies to foster human capital.  71p.  
     7121   Helliwell, John F. & Putnam, Robert D.  Education and social
            capital.  25p.                                              
     7224   Higgins, Matthew & Williamson, Jeffrey G.  Explaining       
            inequality the world round: cohort size, Kuznets curves, and
            openness.  54p.                                             
     7209   Himmelberg, Charles P., Hubbard, R. Glenn & Palia, Darius.  
            Understanding the determinants of managerial ownership and  
            the link between ownership and performance.  43p.           



                                                           PAGE  88

     7157   Hodrick, Robert J., Ng, David Tat-Chee & Sengmueller, Paul. 
            An international dynamic asset pricing model.  43p.         
     7250   Hoshi, Takeo & Kashyap, Anil.  The Japanese banking crisis: 
            where did it come from and how will it end?.  83p.          
     7289   Hotz, V. Joseph, et al.  Are there returns to the wages of  
            young men from working while in school?.  50p.              
     7188   Hoynes, Hilary.  The employment, earnings, and income of    
            less skilled workers over the business cycle.  47p.         
     7128   Hunt, Jennifer.  Determinants of non-employment and         
            unemployment durations in East Germany.  37p.               
     7253   Hutchinson, Michael & McDill, Kathleen.  Are all banking    
            crises alike?: the Japanese experience in international     
            comparison.  37p.                                           
     7234   Ireland, Peter N.  Expectations, credibility, and           
            time-consistent monetary policy.  41p.                      
     7134   Ito, Takatoshi.  Capital flows in Asia.  51p.               
     7247   Ito, Takatoshi & Melvin, Michael.  Japan's big bang and the 
            transformation of financial markets.  25p.                  
     7280   Jaffe, Adam B.  The U.S. patent system in transition: policy
            innovation and the innovation process.  60p.                
     7104   Jeanne, Olivier & Rose, Andrew K.  Noise trading and        
            exchange rate regimes.  38p.                                
     7159   Jegadeesh, Narasimhan & Titman, Sheridan.  Profitability of 
            momemtum strategies: an evaluation of alternative           
            explanations.  37p.                                         
     7283   Jones, Charles I. & Williams, John C.  Too much of a good   
            thing?: the economics of investment in R & D.  28p.         
     7156   Kane, Edward J.  How offshore financial competition         
            disciplines exit resistance by incentive conflicted bank    
            regulators.  0p.                                            
     7235   Kane, Thomas J., Rouse, Ceclia E. & Staiger, Douglas.       
            Estimating returns to schooling when schooling is           
            misreported.  41p.                                          
     7051   Kaplow, Louis & Shavell, Steven.  Any non-individualistic   
            social welfare function violates the Pareto principle.  6p. 
     7301   Katsoulacos, Yannis, Ulph, Alistair & Ulph, David.  The     
            effects of environmental policy on the performance of       
            environmental research joint ventures.  46p.                
     7093   Kaufmann, Daniel & Wei, Shang-Jin.  Does "grease money"     
            speed up the wheels of commerce?.  27p.                     
     7266   Kessler, Daniel P. & McClellan, Mark B.  Is hospital        
            competition socially wasteful?.  54p.                       
     7120   Kim, Sukkoo.  Urban development in the United States,       
            1690-1990.  44p.                                            
     7133   Kim, Woochan & Wei, Shang-Jin.  Offshore investment funds:  
            monsters in emerging markets?.  29p.                        
     7190   Krueger, Alan B. & Lindahl, Mikael.  Education for growth in
            Sweden and the world.  54p.                                 
     7208   Kumar, Krishna B., Rajan, Raghuran G. & Zingales, Luigi.    
            What determines firm size?.  51p.                           
     7107   Lamoreaux, Naomi R. & Sokoloff, Kenneth L.  Inventive       
            activity and the market for technology in the United States,
            1840 - 1920.  53p.                                          
     7264   Lawrence, Robert Z. & Weinstein, David E.  Trade and growth:
            import-led or export-led?: evidence from Japan and Korea.   
            43p.                                                        


                                                           PAGE  89

     7300   Lazear, Edward P.  Economic imperialism.  63p.              
     7243   Levine, Phillip B., Mitchell, Olivia S. & Phillips, John W. 
            Worklife determinants of retirement income differentials    
            between men and women.  37p.                                
     7194   Levinsohn, James, Berry, Steven & Friedman, Jed.  Impacts of
            the Indonesian economic crisis: price changes and the poor. 
            37p.                                                        
     7297   Levinson, Arik.  An industry-adjusted index of state        
            environmental compliance costs.  38p.                       
     7210   Levitt, Steven D. & Porter, Jack.  Sample selection in the  
            estimation of air bags and seat belt effectiveness.  39p.   
     7158   Li, Hao, Rosen, Sherwin & Suen, Wing.  Conflicts and common 
            interests in committees.  47p.                              
     7142   Libecap, Gary D. & Smith, James L.  The self-enforcing      
            provisions of oil and gas unit operating agreements: theory 
            and evidence.  39p.                                         
     7292   Lipsey, Robert E.  Affiliates of U.S. and Japanese          
            multinationals in East Asian production and trade.  44p.    
     7094   Lipsey, Robert E.  The role of foreign direct investment in 
            international capital flows.  45p.                          
     7166   Ludwig, Jens & Cook, Philip J.  The benefits of reducing gun
            violence: evidence from contingent-valuation survey data.   
            28p.                                                        
     7088   McCallum, Bennett T.  Recent developments in monetary policy
            analysis: the roles of theory and evidence.  48p.           
     7087   McCallum, Bennett T.  Roles of the minimal state variable   
            criterion in rational expectations models.  33p.            
     7162   MacKinlay, A. Craig & Pastor, Lubos.  Asset pricing models: 
            implications for expected returns and portfolio selection.  
            38p.                                                        
     7028   Mairese, Jacques & Greenan, Nathalie.  Using employee level 
            data in a firm level econometric study.  29p.               
     7164   Markusen, James R. & Maskus, Keith E.  Discriminating among 
            alternative theories of the multinational enterprise.  26p. 
     7163   Markusen, James R. & Maskus, Keith E.  Multinational firms: 
            reconciling theory and evidence.  40p.                      
     7263   Meng, Qinglai & Velasco, Andres.  Can capital mobility be   
            destabilizing?.  29p.                                       
     7130   Miron, Jeffrey A.  The effect of alcohol prohibition on     
            alcohol consumption.  39p.                                  
     7102   Mishkin, Frederic S.  Lessons from the Asian crisis.  24p.  
     7227   Monks, James & Ehrenberg, Ronald G.  The impact of U.S. News
            & World Report college rankings on admissions outcomes and  
            pricing policies at selective pr.  13p.                     
     7116   Mulligan, Casey B.  Microfoundations and macro implications 
            of indivisible labor.  42p.                                 
     7117   Mulligan, Casey B. & Sala-i-Martin, Xavier.  Gerontocracy,  
            retirement, and social security.  56p.                      
     7118   Mulligan, Casey B. & Sala-i-Martin, Xavier.  Social security
            in theory and practice, I: facts and political theories.    
            38p.                                                        
     7119   Mulligan, Casey B. & Sala-i-Martin, Xavier.  Social security
            in theory and practice, II: efficiency theories, narrative  
            theories, and implications for reform.  38p.                




                                                           PAGE  90

     7172   Murnane, Richard J., Willett, John B. & Tyler, John H.  Who 
            benefits from obtaining a GED?: evidence from high school   
            and beyond.  62p.                                           
     7079   Nadiri, M. Ishaq & Prucha, Ingmar R.  Dynamic factor demand 
            models and productivity analysis.  109p.                    
     7270   Narayanan, V.G. & Sarkar, Ratna G.  Activity-based costing  
            at Insteel Industries.  32p.                                
     7239   Nechyba, Thomas J.  A model of multiple districts and       
            private schools: the role of mobility, targeting, and       
            private school vouchers.  52p.                              
     7240   Nechyba, Thomas J.  Social approval, values, and AFDC: a    
            re-examination of the illegitimacy debate.  51p.            
     7171   Neumark, David.  The employment effects of recent minimum   
            wage increases: evidence from a pre specified research      
            design.  30p.                                               
     7299   Neumark, David & Wascher, William.  A cross-national        
            analysis of the effects of minimum wages on youth           
            employment.  48p.                                           
     7254   Nishimura, Kiyokiko G., et al.  Distortionary taxation,     
            excessive price sensitivity, and Japanese land prices.  48p.
     7238   Parker, Jonathan A.  Spendthrift in America?: on two decades
            of decline in the U.S. saving rate.  54p.                   
     7284   Pastor, Lubos & Stambaugh, Robert F.  Comparing asset       
            pricing models: an investment perspective.  47p.            
     7251   Peek, Joe & Rosengren, Eric S.  Determinants of the Japan   
            premium: actions speak louder than words.  37p.             
     7097   Persson, Torsten & Tabellini, Guido.  Political economics   
            and public finance.  129p.                                  
     7226   Piehl, Anne Morrison, et al.  Testing for structural breaks 
            in the evaluation of programs.  24p.                        
     7149   Porter, Robert H. & Sattler, Peter.  Patterns of trade in   
            the market for used durables: theory and evidence.  38p.    
     7189   Rauch, James E. & Trindale, Vitor.  Ethnic Chinese networks 
            in international trade.  37p.                               
     7115   Razin, Assaf & Yuen, Chi-Wa.  Understanding the "problem of 
            economic development:" the role of factor mobility and      
            international taxation.  34p.                               
     7212   Richardson, J. David & Zhang, Chi.  Revealing comparative   
            advantage: chaotic or coherent patterns across time and     
            sector and U.S. trading partner?.  27p.                     
     7081   Rodriguez, Francisco & Rodrick, Dani.  Trade policy and     
            economic growth: a skeptic's guide to the cross-national    
            evidence.  79p.                                             
     7150   Rodrik, Dani & van Ypersele, Tanguy.  Capital mobility,     
            distributive conflict and international tax coordination.   
            19p.                                                        
     7265   Rogoff, Kenneth.  International institutions for reducing   
            global financial instability.  37p.                         
     7241   Rosett, Joshua G. & Rosett, Richard N.  Characteristics of  
            TQM: evidence from the RIT/USA Today quality cup            
            competition.  40p.                                          
     7179   Rudebusch, Glenn D. & Svensson, Lars E.O.  Eurosystem       
            monetary targeting: lessons from U.S. data.  28p.           
     7114   Saffer, Henry & Chaloupka, Frank.  State drug control       
            spending and illicit drug participation.  21p.              



                                                           PAGE  91

     7086   Schankerman, Mark & Scotchmer, Suzanne.  Damages and        
            injunctions in the protection of proprietary research tools.
             26p.                                                       
     7175   Schlingemann, Frederik P., Stulz, Rene M & Walkling, Ralph  
            A.  Corporate focusing and internal capital markets.  44p.  
     7085   Schwert, G. William.  Hostility in takeovers: in the eyes of
            the beholder?.  51p.                                        
     7160   Shiller, Robert J.  Designing indexed units of account.     
            24p.                                                        
     7007   Shoven, John B.  The location and allocation of assets in   
            pension and conventional savings accounts.  45p.            
     7192   Shoven, John B. & Sialm, Clemens.  Asset location in        
            tax-deferred and conventional savings accounts.  31p.       
     7256   Siegel, Donald, Waldman, David & Link, Albert.  Assessing   
            the impact of organizational practices on the productivity  
            of university technology transfer offices: an .  56p.       
     7273   Sinn, Hans-Werner.  The competition between competition     
            rules.  33p.                                                
     7304   Sinn, Hans-Werner.  The crisis in Germany's pension         
            insurance system and how it can be resolved.  25p.          
     7298   Smulders, Sjak & Vollebergh, Herman R.J.  Green taxes and   
            administrative costs: the case of carbon taxation.  64p.    
     7258   Staiger, Douglas, Spetz, Joanne & Phibbs, Ciaran.  Is there 
            monopsony in the labor market?: evidence from a natural     
            experiment.  41p.                                           
     7178   Svensson, Lars E.O.  Does the P* model provide any rationale
            for monetary targeting?.  14p.                              
     7177   Svensson, Lars E.O.  Monetary policy issues for the         
            Eurosystem.  52p.                                           
     7276   Svensson, Lars E.O.  Price stability as a target for        
            monetary policy: defining and maintaining price stability.  
            49p.                                                        
     7262   Tauras, John A. & Chaloupka, Frank J.  Determinants of      
            smoking cessation: an analysis of young adult men and women.
             30p.                                                       
     7139   Tornell, Aaron.  Common fundamentals in the Tequila and     
            Asian crises.  40p.                                         
     7206   Tornell, Aaron.  Privatizing the privatized.  40p.          
     7101   Tyler, John H., Murnane, Richard J. & Willett, John B.  Do  
            the cognitive skills of school dropouts matter in the labor 
            market?.  22p.                                              
     7252   Watanabe, Katsunori, Watnabe, Takayuki & Watanabe, Tsutomo. 
            Tax policy and consumer spending: evidence from Japanese    
            fiscal experiments.  50p.                                   
     7187   White, Eugene N.  California banking in the nineteenth      
            century: the art and method of the bank of A. Levy.  33p.   
     7146   Williamson, Jeffrey G.  The impact of globalization on      
            pre-industrial, technologically quiescent economies: real   
            wages, relative factor pri.  42p.                           
     7261   Woodford, Michael.  Optimal monetary policy inertia.  108p. 
     7312   Abrego, Lisandro & Whalley, John.  The choice of structural 
            model in trade-wages decompositions.  30p.                  
     7335   Aggarwal, Rajesh K. & Samwick, Andrew A.  Empire-builders   
            and shirkers: investment, firm performance, and managerial  
            incentives.  38p.                                           



                                                           PAGE  92

     7334   Aggarwal, Rajesh K. & Samwick, Andrew A.  Performance       
            incentives within firms: the effect of managerial           
            responsibility.  40p.                                       
     7350   Bayoumi, Tamim.  The morning after: explaining the slowdown 
            in Japanese growth in the 1990s.  39p.                      
     7308   Becker, Randy A. & Henderson, J. Vernon.  Costs of air      
            quality regulation.  34p.                                   
     7219   Bekaert, Geert, Harvey, Campbell R. & Lumsdaine, Robin L.   
            The dynamics of emerging market equity flows.  60p.         
     7346   Bekaert, Geert & Grenadier, Steven R.  Stock and bond       
            pricing in an affine economy.  49p.                         
     7311   Bils, Mark & Chang, Yongsung.  Understanding how price      
            responds to costs and production.  55p.                     
     7309   Bils, Mark & Chang, Yongsung.  Wages and the allocation of  
            hours and effort.  50p.                                     
     7310   Bils, Mark & Kahn, James A.  What inventory behavior tells  
            us about business cycles.  46p.                             
     7339   Borsch-Supan, Axel.  Incentive effects of social security   
            under an uncertain disability option.  24p.                 
     7331   Cho, Young-Hye & Engle, Robert F.  Modeling the impacts of  
            market activity on bid-ask spreads in the option market.    
            44p.                                                        
     7330   Cho, Young-Hye & Engle, Robert F.  Time-varying betas and   
            asymmetric effects of news: empirical analysis of blue chip 
            stocks.  40p.                                               
     7316   Coate, Stephen.  An efficiency approach to the evaluation of
            policy changes.  25p.                                       
     7318   Coile, Courtney, et al.  Delays in claiming Social Security 
            benefits.  50p.                                             
     7322   Dale, Stacy Berg & Krueger, Alan B.  Estimating the payoff  
            to attending a more selective college: an application of    
            selection on observables and unobser.  48p.                 
     7328   DiNardo, John & Moore, Mark P.  The Phillips curve is back?:
            using panel data to analyze the relationship between        
            unemployment and inflation in an .  27p.                    
     7337   Dominguez, Kathryn M.  The market microstructure of central 
            bank intervention.  42p.                                    
     7296   Eisenberg, Theodore & Farber, Henry S.  The government as   
            litigant: further tests of the case selection model.  41p.  
     7341   Engle, Robert F. & Manganelli, Simone.  CAViaR: conditional 
            value at risk by quantile regression.  51p.                 
     7317   Evans, Martin D.D. & Lyons, RIchard K.  Order flow and      
            exchange rate dynamics.  43p.                               
     7338   Frankel, Jeffrey A.  No single currency regime is right for 
            all countries or at all times.  41p.                        
     7307   Gilleskie, Donna B. & Lutz, Byron F.  The impact of         
            employer-provided health insurance on dynamic employment    
            transitions.  43p.                                          
     7321   Gokhale, Jagadeesh, Kotlikoff, Laurence J. & Warshawsky,    
            Mark J.  Comparing the economic and conventional approaches 
            to financial planning.  71p.                                
     7329   Goolsbee, Austan & Klenow, Peter J.  Evidence on learning   
            and network externalities in the diffusion of home          
            computers.  25p.                                            




                                                           PAGE  93

     7353   Grogger, Jeff & Michalopoulos, Charles.  Welfare dynamics   
            under term limits.  58p.                                    
     7348   Gruber, Jonathan.  The wealth of the unemployed: adequacy   
            and implications for unemployment insurance.  33p.          
     7320   Gustman, Alan L. & Steinmeier, Thomas L.  Pensions and      
            retiree health benefits in household wealth: changes from   
            1969 to 1992.  37p.                                         
     7332   Hamermesh, Daniel S.  The changing distribution of job      
            satisfaction.  34p.                                         
     7315   Hanson, Gordon H. & Spilimbergo, Antonio.  Political        
            economy, sectoral shocks, and border enforcement.  34p.     
     7333   Heckman, James L.  Causal parameters and policy analysis in 
            economics: a twentieth century retrospective.  54p.         
     7323   Holzer, Harry & Neumark, David.  Assessing Affirmative      
            Action.  90p.                                               
     7344   Hout, Michael & Rosen, Harvey S.  Self-employment, family   
            background, and race.  32p.                                 
     7347   Hubbard, Thomas N.  How wide is the scope of hold-up based  
            theories?: contractual form and market thickness in         
            trucking.  35p.                                             
     7325   Ikenberry, David, Lakonishok, Josef & Vermaelen, Theo.      
            Stock repurchases in Canada: performance and strategic      
            trading.  32p.                                              
     7305   Jha, Raghbendra & Whalley, John.  The environmental regime  
            in developing countries.  43p.                              
     7342   King, David C. & Zeckhauser, Richard J.  Congressional vote 
            options.  39p.                                              
     7326   Kinnaman, Thomas C. & Fullerton, Don.  The economics of     
            residential solid waste management.  45p.                   
     7319   Kroszner, Randall S. & Strahan, Philip E.  Bankers on       
            boards: monitoring, conflicts or interest, and lender       
            liability.  47p.                                            
     7345   Lanjouw, Jean O. & Schankerman, Mark.  The quality of ideas:
            measuring innovation with multiple indicators.  36p.        
     7349   Lazear, Edward P.  Educational production.  48p.            
     7324   McClellan, Mark & Staiger, Douglas.  Comparing hospital     
            quality at for-profit and not-for-profit hospitals.  36p.   
     7327   McClellan, Mark & Staiger, Douglas.  The quality of health  
            care providers.  55p.                                       
     7351   Motonishi, Taizo & Yoshikawa, Hiroshi.  Causes of the long  
            stagnation of Japan during the 1990s: financial or real?.   
            44p.                                                        
     7313   Obstfeld, Maurice & Rogoff, Kenneth.  New directions for    
            stochastic open economy models.  45p.                       
     7343   Paxson, Christina & Waldfogel, Jane.  Work, welfare, and    
            child maltreatment.  38p.                                   
     7336   Portes, Richard & Roy, Helene.  The determinants of         
            cross-border equity flows.  33p.                            
     7314   Poterba, James M., Venti, Steven F. & Wise, David A.        
            Pre-retirement cashouts and foregone retirement saving:     
            implications for 401k asset accumulation.  51p.             
     7306   Shimer, Robert.  The impact of young workers on the         
            aggregate labor market.  40p.                               
     7340   Vandenbussche, Hylke, Konings, Jozef & Springael, Linda.    
            Import diversion under European antidumping policy.  37p.   



                                                           PAGE  94

     7385   Abraham, Jean, et al.  Enter at your own risk: HMO          
            participation and enrollment in the Medicare risk market.   
            41p.                                                        
     7352   Acemoglu, Daron & Shimer, Robert.  Productivity gains from  
            unemployment insurance.  35p.                               
     7398   Aizenman, Joshua.  Capital controls and financial crises.   
            22p.                                                        
     7389   Aizenman, Joshua & Marion, Nancy.  Uncertainty and the      
            disappearance of international credit.  32p.                
     7387   Alesina, Alberto, Danninger, Stephen & Rostagno, Massimo V. 
            Redistribution through public employment: the case of Italy.
             46p.                                                       
     7370   Baker, Michael & Solon, Gary.  Earnings dynamics and        
            inequality among Canadian men, 1976-1992: evidence from     
            longitudinal income tax records.  70p.                      
     7371   Baker, Michael & Fortin, Nicole M.  Occupational gender     
            composition and wages in Canada: 1987-1988.  40p.           
     7372   Bernheim, B. Douglas, et al.  The adequacy of life          
            insurance: evidence from the Health and Retirement Survey.  
            52p.                                                        
     7378   Blonigen, Bruce A. & Haynes, Stephen E.  Antidumping        
            investigations and the pass-through of exchange rates and   
            antidumping duties.  47p.                                   
     7365   Bordo, Michael D. & Jonung, Lars.  The future of EMU: what  
            does the history of monetary unions tell us?.  40p.         
     7406   Brav, Alon, Constantinides, George M. & Geczy, Christopher  
            C.  Asset pricing with heterogeneous consumers and limited  
            participation: empirical evidence.  48p.                    
     7355   Cabellero, Ricardo J. & Hammour, Mohamad L.  The cost of    
            recessions revisited: a reverse-liquiditionist view.  37p.  
     7374   Cappelli, Peter & Neumark, David.  Do "high performance"    
            work practices improve establishment level outcomes?.  64p. 
     7399   Case, Anne & Yogo, Motohiro.  Does school quality matter?:  
            returns to education and the characteristics of schools in  
            South Africa.  42p.                                         
     7401   Case, Anne, Lin, I-Fen & McLanahan, Sara.  How hungry is the
            selfish game?.  31p.                                        
     7377   Chacko, George & Viceira, Luis M.  Dynamic consumption and  
            portfolio choice with stochastic volatility in incomplete   
            markets.  56p.                                              
     7417   Cheung, Yin-Wong & Chinn, Menzie D.  Macroeconomic          
            implications of the beliefs and behavior of foreign exchange
            traders.  38p.                                              
     7408   Cheung, Yin-Wong, Chinn, Menzie D. & Fujii, Eiji.  Market   
            structure and the persistence of sectoral real exchange     
            rates.  44p.                                                
     7416   Cheung, Yin-Wong & Chinn, Menzie D.  Traders, market        
            microstructure and exchange rate dynamics.  27p.            
     7359   Cockburn, Iain M., Henderson, Rebecca & Stern, Scott.  The  
            diffusion of science-driven drug discovery: organizational  
            change in pharmaceutical research.  52p.                    
     7390   Cutler, David M. & Meara, Ellen.  The technology of birth:  
            is it worth it?.  49p.                                      
     7373   David, Paul A., Hall, Bronwyn H. & Tool, Andre A..  Is      
            public R & D a complement or substitute for private R & D?: 
            a review of the econometric evidence.  63p.                 


                                                           PAGE  95

     7386   Della Paolera, Gerardo & Taylor, Alan M.  Internal versus   
            external convertibility and developing-country financial    
            crises: lessons from the Argentine Bank ba.  31p.           
     7382   Devereux, Michael B., Engel, Charles & Tille, Cedric.       
            Exchange rate pass-through and the welfare effects of the   
            Euro.  57p.                                                 
     7413   Edwards, Sebastian.  How effective are capital controls?.   
            39p.                                                        
     7379   Fuchs, Victor R.  The future of health economics.  29p.     
     7407   Galenson, David W.  Quantifying artistic success: ranking   
            French painters -- and paintings -- from Impressionism to   
            Cubism.  44p.                                               
     7356   Gerschberg, Alec I., Grossman, Michael & Goldman, Fred.     
            Competition and the cost of capital revisited: special      
            authorities and underwriters in the market for tax-exempt   
            ho.  23p.                                                   
     7362   Gokhale, Jagadeesh & Kotlikoff, Laurence J.  Social         
            Security's treatment of postwar Americans: how bad can it   
            get?.  75p.                                                 
     7368   Gustman, Alan L. & Steinmeier, Thomas L.  What people don't 
            know about their pensions and Social Security: an analysis  
            using linked data from the Health and .  74p.               
     7388   Hart, Oliver & Moore, John.  On the design of hierarchies:  
            coordination versus specialization.  52p.                   
     7358   Henderson, Vernon.  Marshall's scale economies.  54p.       
     7360   Holtz-Eakin, Douglas, Phillips, John W. & Rosen, Harvey S.  
            Estate taxes, life insurance, and small business.  36p.     
     7376   Hong, Harrison & Stein, Jeremy C.  Differences of opinion,  
            rational arbitrage and market crashes.  44p.                
     7380   Hurd, Michael D. & Smith, James P.  Anticipated and actual  
            bequests.  36p.                                             
     7402   Janeba, Eckhard & Wilson, John D.  Tax competition and trade
            protection.  24p.                                           
     7375   Jones, Charles I.  Was an industrial revolution inevitable?:
            economic growth over the very long run.  48p.               
     7369   Keller, Wolfgang & Levinson, Arik.  Environmental compliance
            costs and foreign direct investment inflows to U.S. states. 
            41p.                                                        
     7361   Kho, Bong-Chan & Stulz, Rene M.  Banks, the IMF, and the    
            Asian crisis.  43p.                                         
     7384   Klein, Michael & Olivei, Giovanni.  Capital account         
            liberalization, financial depth, and economic growth.  42p. 
     7396   Lamont, Owen A. & Polk, Christopher.  The diversification   
            discount: cash flows vs. returns.  45p.                     
     7403   La Porta, Rafael, et al.  Investor protection and corporate 
            valuation.  41p.                                            
     7419   Lazear, Edward P.  Output-based pay: incentives or sorting?.
             37p.                                                       
     7357   Lipsey, Robert E.  Foreign production by U.S. firms and     
            patent firm employment.  32p.                               
     7395   McCallum, Bennett T.  Analysis of the monetary transmission 
            mechanism: methodological issues.  48p.                     
     7393   McCallum, Bennett T.  Theoretical issues pertaining to      
            monetary unions.  31p.                                      




                                                           PAGE  96

     7383   Mehay, Stephen L. & Pacula, Rosalie L.  The effectiveness of
            workplace drug prevention policies: does `zero tolerance'   
            work?.  83p.                                                
     7363   Meyer, Bruce D. & Rosenbaum, Dan T.  Welfare, the earned    
            income tax credit, and the labor supply of single mothers.  
            65p.                                                        
     7381   Mitchell, Olivia S.  New trends in pension benefit and      
            retirement provisions.  65p.                                
     7405   Mocan, H. Naci & Rees, Daniel I.  Economic conditions,      
            deterrence and juvenile crime: evidence from micro data.    
            50p.                                                        
     7411   O'Rourke, Kevin H. & Williamson, Jeffrey G.  The            
            Hecksher-Ohlin model between 1400 and 2000: when it         
            explained factor price convergence, when it did not.  64p.  
     7392   Poterba, James M. & Samwick, Andrew A.  Taxation and        
            household portfolio composition: U.S. evidence from the     
            1980s and 1990s.  51p.                                      
     7404   Prusa, Thomas J.  On the spread and impact of antidumping.  
            27p.                                                        
     7400   Razin, Assaf, Sadka, Efraim & Yuen, Chi-Wa.  Excessive      
            foreign direct investment flows under asymmetric            
            information.  28p.                                          
     7354   Rigobon, Roberto.  On the measurement of the international  
            propagation of shocks.  46p.                                
     7364   Rodrik, Dani & Velasco, Andres.  Short-term capital flows.  
            41p.                                                        
     7366   Saez, Emmanuel.  Do taxpayers bunch at kink points?.  47p.  
     7367   Saez, Emmanuel.  The effect of marginal tax rates on income:
            a panel study of `bracket creep'.  46p.                     
     7410   Stern, Scott.  Do scientists pay to be scientists?.  52p.   
     7412   Tauras, John A.  The transition to smkoing cessation:       
            evidence from multiple failure duration analysis.  34p.     
     7394   Taylor, Alan M.  Latin America and foreign capital in the   
            twentieth century: economics, politics and institutional    
            change.  23p.                                               
     7409   Viceira, Luis M.  Optimal portfolio choice for long-horizon 
            investors with nontradable labor income.  47p.              
     7391   Waldfogel, Joel.  Preference externalities: an empirical    
            study of who benefits whom in differentiated product        
            markets.  47p.                                              

     UNIVERSITY OF NEW SOUTH WALES.  School of Economics.               

     9813   Gorgens, Tue.  Semiparametric estimation of censored        
            transformation models.  32p.                                
     9816   Meagher, Kieron.  The impact of hierarchies on wages.  35p. 
     9815   Monadjemi, Mehdi S.  Money and income: a changing           
            relationship.  18p.                                         
     9814   Robertson, Peter E.  Diminished returns?: the role of       
            savings and investment rates in East Asia's miracle.  28p.  
     99-3   Akhand, Hafiz A.  Imperfect monitoring and the free-rider   
            problem in tariff lobbying.  18p.                           
     9911   de Fontenay, Catherine.  Institutions, market power and the 
            big push: the case of agro-exports in Northern Honduras.    
            59p.                                                        



                                                           PAGE  97

     99-8   de Fontenay, Catherine & Meagher, Kieron J.  Returns to     
            scale in one-shot information processing when hours count.  
            14p.                                                        
     99-5   Duclos, Jean-Yves & Gregoire, Philippe.  Absolute and       
            relative deprivation and the measurement of poverty.  24p.  
     99/4   Akhand, H.A.  Stock markets, banks and economic growth: a   
            reasonable extreme bounds analysis.  28p.                   
     99-7   Akhand, H.A. & Liu, H.  Marginal income tax rates:          
            nonparametric approach.  29p.                               
     99-2   de Fontenay, C. & Gans, J.S.  Extending market power through
            vertical integration.  31p.                                 
     99-6   Duclos, J. & Makdissi, P.  Sequential stochastic dominance  
            and the robustness of poverty orderings.  37p.              
     99-1   Harcourt, G.C.  The capital theory controversy.  16p.       
     99-9   Hill, Robert J. & Hill, T. Peter.  A new conceptual approach
            to the measurement of capital gains, depletion and net      
            national product.  34p.                                     
     9910   Monadjemi, Mehdi S. & Huh, Hyeon-Seung.  Money and interest 
            rate shocks: some international evidence.  13p.             

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

     99-3   Acharya, Viral V., John, Kose & Sundaram, Rangarajan K.     
            Contract renegotiation and the optimality of resetting      
            executive stock options.  41p.                              
     9910   Altman, Edward I., Cooke, Diane & Kishore, Vellore.         
            Defaults and returns on high yield bonds: analysis through  
            1998 and default outlook for 1999-2001.  41p.               
     99-9   Altman, Edward I. & Beltran, Luis.  Market size and         
            investment performance of defaulted bonds and bank loans,   
            1987-1998.  36p.                                            
     9913   Brenner, Menachem, Eldor, Rafi & Hauser, Shmuel.  The price 
            of options illiquidity.  26p.                               
     9912   Cole, Rebel A., Goldberg, Lawrence G. & White, Lawrence J.  
            Cookie-cutter versus character: the micro structure of small
            business lending by large and small banks.  32p.            
     99-1   Figlewski, Stephen & Green, T. Clifton.  Market risk and    
            model risk for a financial institution writing options.     
            39p.                                                        
     9915   Franke, Gunter, Stapleton, Richard C. & Subrahmanyam, Marti 
            G.  When are options overpriced?: the Black-Scholes model   
            and alternative characterizations of the pricing kernel.    
            32p.                                                        
     9917   Hasbrouck, Joel.  Trading fast and slow: security market    
            events in real time.  47p.                                  
     9918   Hasbrouck, Joel & Seppi, Duane J.  Common factors in prices,
            order flows and liquidity.  29p.                            
     99-5   Huang, Qi & Levich, Richard M.  Underpricing of new equity  
            offerings by privatized firms: an international test.  46p. 
     99-8   Levich, Richard M. & Rizzo, Rosario C.  Alternative tests   
            for time series dependence based on autocorrelation         
            coefficients.  43p.                                         
     99-4   Oertmann, Peter & Zimmermann, Heinz.  Global economic       
            conditions and risk premia on international investments.    
            44p.                                                        



                                                           PAGE  98

     99-2   Reilly, Frank K., Wright, David J. & Altman, Edward I.      
            Including defaulted bonds in the capital market asset       
            spectrum.  34p.                                             
     99-7   Saunders, Anthony, Srinivasan, Anand & Walter, Ingo.  Price 
            formation in the OTC corporate bond markets: a field study  
            of the inter dealer market.  34p.                           
     99-6   Scher, Mark J.  Bank-firm cross-shareholding: is it really  
            winding down?: recent evidence from Japan.  31p.            
     9911   Smith, Roy C. & Walter, Ingo.  1998 global capital market   
            activity and market shares of leading competitors.  7p.     
     9914   Smith, Roy C.  Restructuring Japanese financial             
            institutions.  18p.                                         
     9916   Walter, Ingo.  Financial services strategies in the         
            Euro-zone.  26p.                                            
     9920   Bonin, John & Wachtel, Paul.  Lessons from bank             
            privatization in central Europe.  21p.                      
     9919   Chang, Isaac J.  Nonlinear prediction of conditional        
            percentiles for value-at-risk.  20p.                        
     9921   Das, Sanjiv Ranjan & Sundaram, Rangarajan K.  A             
            discrete-time approach to arbitrage-free pricing of credit  
            derivatives.  26p.                                          
     9922   Das, Sanjiv Ranjan & Sundaram, Rangarajan K.  Fee speech:   
            signalling and the regulation of mutual fund fees.  36p.    
     9919   Kapusta, Matthew C.  Market efficiency and its effect on    
            performance persistence.  19p.                              
     9919   McKenna, Mark R.  Methods of divesting assets: straight     
            sales, carve-outs, spin-offs, tracking stocks and hybrid    
            divestitures.  16p.                                         

     NEW YORK UNIVERSITY.  Stern School of Business-Dept. of Economics. 

     9905   Brusco, Sandro & Lopomo, Guiseppe.  Collusion via signalling
            in open ascending auctions with multiple objects and        
            complementarities.  27p.                                    
     9904   Krueger, Dirk & Perri, Fabrizio.  Risk sharing: private     
            insurance markets or reditributive taxes?.  56p.            
     9902   White, Lawrence J.  Lysine and price fixing:  How long?  How
            severe?.  13p.                                              
     9903   White, Lawrence J.  Present at the beginning of a new era   
            for antitrust: reflections on 1982-1983.  30p.              
     9901   White, Lawrence J.  Wanted: a market definition paradigm for
            monopolization cases.  9p.                                  
     9907   Campa, Jose Manuel & Goldberg, Linda S.  Employment versus  
            wage adjustment and the U.S. dollar.  39p.                  
     9906   Campa, Jose Manuel & Kedia, Simi.  Explaining the           
            diversification discount.  47p.                             
     9908   Campa, Jose Manuel, Chang, P.H. Kevin & Refalo, James F.  An
            options-based anslysis of emerging market exchange rate     
            expectations: Brazil's Real plan.  43p.                     
     9909   Economides, Nicholas.  U.S. telecommunications today, April 
            1999.  26p.                                                 
     9911   Economides, Nicholas.  Real options and the costs of the    
            local telecommunications network.  11p.                     
     9910   Radner, Roy.  Viscous demand.  40p.                         




                                                           PAGE  99

     9912   White, Lawrence J.  University-industry research and        
            development relationships: the university perspective.  18p.

     UNIVERSITY OF NORTH CAROLINA.  Department of Economics.            

     9901   Mroz, Thomas A. & Glinskaya, Elena.  The gender gap in wages
            in Russia from 1992 to 1995.  52p.                          
     9802   Mroz, Thomas A. & Savage, Timothy H.  Overfitting and biases
            in nonparametric kernel regressions using cross validated   
            bandwidths: a cautionary note.  16p.                        
     9801   Rahman, M. Saif.  Imperfect factor mobility: theories of    
            international trade, and the political economy of structural
            transformation.  27p.                                       

     NORTHWESTERN UNIVERSITY. Center for Math Studies in Econ & Mgmt Sci

     1232   Diermeier, Daniel & Merlo, Antonio.  Government turnover in 
            parliamentary democracies.  41p.                            
     1236   Diermeier, Daniel & Feddersen, Timothy J.  Information and  
            congressional hearings.  29p.                               
     1234   Friedman, Ezra.  Public debate among experts.  43p.         
     1235   Friedman, Ezra.  Risk sharing and the dynamics of           
            inequality.  49p.                                           
     1228   Jackson, Matthew O., Kalai, Ehud & Smorodinsky, Rann.       
            Bayesian representation of stochastic processes under       
            learning: de Finetti revisited.  28p.                       
     1230   Ma, Jinpeng.  Job matching and coalition formation with     
            utility or disutility of co-workers.  26p.                  
     1229   Pesendorfer, Wolfgang & Wolinsky, Asher.  Second opinions   
            and price competition: inefficiency in the market for expert
            advice.  42p.                                               
     1227   Solan, Eilon & Vieille, Nicholas.  Quitting games.  31p.    
     1233   Van Zandt, Timothy & Radner, Roy.  Real-time decentralized  
            information processing and returns to scale.  26p.          
     1231   Van Zandt, Timothy.  Real-time hierarchical resource        
            allocation.  30p.                                           
     1250   Al-Najjar, Nabil I. & Smorodinsky, Rann.  Large             
            non-anonymous repeated games.  17p.                         
     1249   Al-Najjar, Nabil I., Casadesus-Masanell, Ramon & Ozdenoren, 
            Emre.  Subjective representation of complexity.  46p.       
     1245   Austen-Smith, David & Banks, Jeffrey S.  Cheap talk and     
            burned money.  24p.                                         
     1246   Austen-Smith, David & Banks, Jeffrey S.  Cycling of simple  
            rules in the spatial model.  12p.                           
     1251   Barlevy, Gadi.  Credit market frictions and the reallocation
            process.  43p.                                              
     1252   Barlevy, Gadi & Veronesi, Pietro.  On the possibility of    
            stock market crashes in the absence of portfolio insurance. 
            16p.                                                        
     1243   Jehiel, Philippe & Moldovanu, Benny.  Auctions with         
            downstream interaction among buyers.  30p.                  
     1244   Jehiel, Philippe & Moldovanu, Benny.  Efficient design with 
            interdependent valuations.  31p.                            
     1247   Ma, Jinpeng.  Stable matchings and the small core in Nash   
            equilibrium in the college admissions problem.  23p.        



                                                           PAGE 100

     1237   Matsuyama, Kiminori.  Economic development with endogenous  
            retirement.  23p.                                           
     1238   Matsuyama, Kiminori.  Endogenous inequality.  37p.          
     1239   Matsuyama, Kiminori.  Geography of the world economy.  26p. 
     1240   Matsuyama, Kiminori.  Playing multiple complementarity games
            simultaneously.  28p.                                       
     1253   Schummer, James & Vohra, Rakesh V.  Strategy-proof location 
            on a network.  21p.                                         
     1248   Wiseman, Thomas & Yilankaya, Okan.  Cooperation, secret     
            handshakes, and imitation in the prisoners' dilemma.  28p.  
     1262   Al-Najjar, Nabil & Solan, Eilon.  Equilibrium existence in  
            games with incomplete information: the countable case.  22p.
     1259   Bergemann, Dirk & Valimaki, Juuso.  Dynamic common agency.  
            61p.                                                        
     1260   Bergemann, Dirk & Valimaki, Juuso.  Entry and innovation in 
            vertically differentiated markets.  51p.                    
     1254   Foster, Dean P. & Vohra, Rakesh V.  Calibration, expected   
            utility and local optimality.  16p.                         
     1241   Matsuyama, Kiminori.  A Ricardian model with a continuum of 
            goods under nonhomothetic preferences: demand               
            complementarities, income distr.  34p.                      
     1242   Myerson, Roger B.  Informational origins of political bias  
            towards critical groups of voters.  16p.                    
     1261   Myerson, Roger B.  Theoretical comparisons of electoral     
            systems.  44p.                                              
     1263   Reiter, Stanley.  Coordination of economic activity: an     
            example.  37p.                                              
     1258   Rosenberg, Dinah, Solan, EIlon & Vieille, Nicolas.  Stopping
            games with randomized strategies.  19p.                     
     1255   Satterthwaite, Mark A.  Strategy-proofness and markets.     
            23p.                                                        
     1256   Satterthwaite, Mark A. & Williams, Steven R.  The optimality
            of a simple market mechanism.  33p.                         
     1257   Solan, Eilon & Yariv, Leeat.  Games with espionage.  32p.   
     1270   Austen-Smith, David.  Redistributing income under           
            proportional representation.  39p.                          
     1267   Diermeier, Daniel & Merlo, Antonio.  An empirical           
            investigation of coalitional bargaining procedures.  25p.   
     1276   Doraszelski, Ulrich, Gerardi, Dino & Squintani, Francesco.  
            Deliberations with double-sided information.  50p.          
     1264   Ely, Jeffrey C. & Valimaki, Juuso.  A robst folk theorem for
            the prisoner's dilemma.  22p.                               
     1266   Kalai, Adam & Kalai, Ehud.  Strategic polarization.  6p.    
     1271   Saari, Donald G. & SIeberg, Katri K.  Some surprising       
            properties of power indices.  19p.                          
     1272   Solan, Eilon & Vohra, Rakesh V.  Correlated equilibrium,    
            public signalling and absorbing games.  52p.                
     1268   Squintani, Francesco.  Enforceable contracts under          
            generalized information of the court.  16p.                 
     1273   Squintani, Francesco.  Games with small forgetfulness.  47p.
     1269   Squintani, Francesco.  Moral hazard, renegotiation and      
            forgetfulness.  25p.                                        
     1274   Squintani, Francesco.  On-the-job signalling and            
            self-confidence.  41p.                                      




                                                           PAGE 101

     1275   Squintani, Francesco & Valimaki, Juuso.  Imitation and      
            experimentation in contests.  34p.                          

     NORWEGIAN SCHOOL OF ECONOMICS & BUSINESS ADMINISTRATION.           

     26/98  Asche, Frank.  Testing the effect of an anti-dumping duty:  
            the U.S. salmon market.  19p.                               
     27/98  Asche, Frank, Bremnes, Helge & Wessells, Cathy R.  Product  
            aggregation, market integration and relationships between   
            prices: an application to world salmon markets.  37p.       
     5/99   Asheim, Geir B., Buchholz, Wolfgang & Tungodden, Bertil.    
            Justifying sustainability.  24p.                            
     3/99   Asplund, Marcus, Sandin, Rickard & Steen, Frode.  Turbulence
            in the Swedish beer market.  36p.                           
     32/98  Bardsen, Gunnar & Klovland, Jan Tore.  Shaken or stirred?:  
            financial deregulation and the monetary transmission        
            mechanism in Norway.  23p.                                  
     25/98  Hakonsen, Lars & Mathiesen, Lars.  Welfare cost measurement 
            and excess burden in computable general equilibrium models. 
            13p.                                                        
     1/99   Haufler, Andreas & Schjelderup, Guttorm.  Corporate tax     
            systems and cross country profit shifting.  24p.            
     30/98  Kind, Hans Jarle.  Agglomeration and growth effects of      
            trade/liberalization.  23p.                                 
     31/98  Kind, Hans Jarle.  Trade costs, innovation, and imitation.  
            33p.                                                        
     29/98  Kind, Hans Jarle.  Trade liberalization, saving, and        
            development.  31p.                                          
     6/99   Salvanes, Kjell G.  Employment policies at the plant level: 
            job and worker flows for heterogeneous labour in Norway.    
            34p.                                                        
     2/99   Salvanes, Kjell G. & Tveteras, Ragnar.  Firm exit, vintage  
            effect and the business cycle in Norway.  28p.              
     28/98  Steigum, Erling & Thogersen, Oystein.  Borrow and adjust:   
            fiscal policy and sectoral adjustment in an open economy.   
            34p.                                                        
     4/99   Tungodden, Bertil.  Egalitarianism: is leximin the only     
            option?.  12p.                                              
     12/99  Bjorvatn, Kjetil.  Economic integration and foreign direct  
            investment.  16p.                                           
     11/99  Bjorvatn, Kjetil.  Infrastructure and industrial location in
            LDCs.  14p.                                                 
     8/99   Haufler, Andreas & Schjelderup, Guttorm.  Tacit collusion   
            under destination- and origin-based commodity taxation.     
            31p.                                                        
     7/99   Kind, Hans Jarle, Knarvik, Karen H.M. & Schjelderup,        
            Guttorm.  Competing for capital in a `lumpy' world.  26p.   
     10/99  Sandmo, Agnar.  Towards a competitive society?: the         
            promotion of competition as a goal of economic policy.  24p.
     9/99   Schroyen, Fred & Torsvik, Gaute.  Work requirements and long
            term poverty.  32p.                                         
     13/99  Forslid, Rikard, et al.  Integration and transition:        
            scenarios for location of production and trade in Europe.   
            26p.                                                        




                                                           PAGE 102

     14/99  Haegeland, Torbjorn, Klette, Tor Jakob & Salvanes, Kjell G. 
            Declining returns to education in Norway?: comparing        
            estimates across cohorts, sectors and over time.  21p.      
     16/99  Klette, Tor Jakob, Moen, Jarle & Griliches, Zvi.  Do        
            subsidies to commercial R & D reduce market failures?:      
            microeconometric evaluation studies.  34p.                  
     15/99  Salvanes, Kjell G. & Forre, Svein Erik.  Job destruction,   
            heterogeneous workers, trade and technical change: matched  
            worker/plant data evidence from Norway.  31p.               
     19/99  Forslid, Rikard, Haaland, Jan I. & Knarvik, Karen H.M.  A   
            U-shaped Europe?: a simulation study of industrial location.
             30p.                                                       
     18/99  Haufler, Andreas & Schjelderup, Guttorm.  Corporate         
            taxation, profit shifting, and the efficiency of public     
            input provision.  23p.                                      
     17/99  Sorgard, Lars.  Trade liberalization: a substitute for      
            domestic merger policy?.  9p.                               
     21/99  Klovland, Jan Tore.  Accounting for productivity growth in  
            Norwegian manufacturing industries, 1927- 1959.  53p.       
     20/99  Tungodden, Bertil.  Hammond equity: a generalization.  19p. 

     UNIVERSIDADE NOVA DE LISBOA.  Faculdade de Economia.               

     342    Araujo, Aloisio P. & Pascoa, Mario R.  Bankruptcy in a model
            of unsecured claims.  35p.                                  
     339    Araujo, Aloisio, Orrillo, Jaime & Pascoa, Mario R.          
            Equilibrium with default and endogenous collateral.  27p.   
     344    Costa, Luis Almeida & Dierickx, Ingemar.  Bundling and      
            licensing.  30p.                                            
     336    Hartog, Joop, Pereira, Pedro T. & Vieira, Jose A.C.         
            Changing returns to education in Portugal during the 1980s  
            and early 1990s: OLS and quantile regression estimators.    
            30p.                                                        
     343    Lang, Gunther.  Bargaining and the observability of         
            contractual commitment via third parties.  17p.             
     338    Nunes, Luis C., et al.  Identifying nonrational behavior in 
            recreation demand models.  22p.                             

     OHIO STATE UNIVERSITY.  Department of Economics.                   

     9819   Mark, Nelson C. & Sul, Donggyu.  Nominal exchange rates and 
            monetary fundamentals: evidence from a small post Bretton   
            Woods panel.  26p.                                          
     9818   Samet, Dov & Schmeidler, David.  Between liberalism and     
            democracy.  19p.                                            
     9901   Cecchetti, Stephen G., Mark, Nelson C. & Sonora, Robert.    
            Price level convergence among United States cities: lessons 
            for the European Central Bank.  27p.                        
     9904   Glass, Amy J. & Saggi, Kamal.  The dynamic impact of        
            internalization advantage.  28p.                            
     9903   Glass, Amy J. & Saggi, Kamal.  Foreign direct investment    
            selection: crowding out and distributional effects.  39p.   
     9902   Zachariadis, Marios.  R & D - induced growth?: evidence from
            the U.S. manufacturing sector.  54p.                        




                                                           PAGE 103

     9914   Ichiishi, Tatsuro & Koray, Semih.  Job matching: a          
            multi-principle, multi-agent model.  34p.                   
     9906   Zhao, Jingang.  A characterization for the negative welfare 
            effects of cost reduction in Cournot oligopoly.  21p.       
     9908   Zhao, Jingang.  Cost savings and the optimal market         
            structure.  28p.                                            
     9905   Zhao, Jingang.  Dual bargaining, cost sharing, and the      
            Talmud bankruptcy problem.  18p.                            
     9911   Glass, Amy Jocelyn.  Imitation as a stepping stone to       
            innovation.  30p.                                           
     9912   Glass, Amy Jocelyn.  Substitution and returns to scale in R 
            & D.  26p.                                                  
     9910   Yao, Shuntian & Zhao, Jingang.  The strategic equilibrium in
            an oligopoly market with indivisibility.  22p.              
     9907   Zhao, Jingang.  The core in an oligopoly market with        
            indivisibility.  26p.                                       
     9909   Zhao, Jingang.  The proper efficiency and homogeneity of    
            bargaining solutions.  23p.                                 
     9915   Dunn, Lucia F. & Kim, TaeHyung.  An empirical investigation 
            of credit card default: Ponzi schemes and other behaviors.  
            19p.                                                        
     9916   Glass, Amy J., Kosteas, Vasilios D. & Saggi, Kamal.         
            Linkages, multinationals, and industrial development.  24p. 
     9918   Nygren, Kjell.  Belief-updating and information revelation  
            in a two-period model.  25p.                                
     9917   Nygren, Kjell.  Generic full information revelation and     
            finiteness of equilibria in Bayesian games.  22p.           

     OSAKA UNIVERSITY.  Institute of Social and Economic Research.      

     468    Ashiya, Masahiro.  Weak entrants are welcome.  38p.         
     470    Horioka, Charles Y. & Okui, Megumi.  The U.S.-Japan         
            comparison of the importance and determinants of retirement 
            saving.  9p.                                                
     476    Ashiya, Masahiro.  Brand proliferation is useless to deter  
            entry.  20p.                                                
     472    Ashiya, Masahiro.  Price-matching cannot sustain collusion  
            if one or more consumers incur enforcement costs.  8p.      
     478    Ii, Masako & Ohkusa, Yasushi.  Is there any substitution    
            between medical services and over-the-counter medications in
            the case of the common cold?.  28p.                         
     471    Ishiguro, Shingo & Itoh, Hideshi.  Moral hazard and         
            renegotiation with multiple agents.  33p.                   
     474    Sikdar, Soumyen.  Reflections on Indian economic development
            and reform in the light of Japan.  15p.                     
     479    Ashiya, Masahiro & Doi, Takero.  Herd behavior of Japanese  
            economists.  42p.                                           
     480    Ben-Zion, Uri, Hibshoosh, Aharon & Spiegel, Uriel.  The     
            optimal face value of a discount coupon.  30p.              
     483    Hatta, Tatsuo & Ogawa, Yoshitomo.  A theory of optimum      
            tariff under revenue constraint.  40p.                      
     482    Horioka, Charles Y.  Japan's public pension system in the   
            twenty-first century.  30p.                                 

     UNIVERSITY OF OTTAWA.  Department of Economics.                    

     9805   Grafton, R. Quentin & Day, Kathleen M.  Interprovincial     
            student mobility in Canada.  62p.                           
                                                           PAGE 104

     9902   Parguez, ALain & Seccareccia, Mario.  A credit theory of    
            money: the monetary circuit approach.  30p.                 
     9905   Gray, David M.  Early retirement programs wage restraint:   
            empirical evidence from France.  38p.                       
     9904   Lavoie, Marc & Seccareccia, Mario.  Minsky's financial      
            fragility hypothesis: a missing macroeconomic link?.  28p.  
     9903   Seccareccia, Mario & Sood, Atul.  Government debt           
            monetization and inflation: a somewhat jaundiced view.  29p.
     9906   Coulombe, Serge & Tremblay, Jean-Francois.  Human capital   
            and regional convergence in Canada.  37p.                   

     UNIVERSITY OF OXFORD.  Nuffield College.                           

     148    Cameron, Gavin.  Catch-up and leapfrog between the USA and  
            Japan.  44p.                                                
     150    Cooper, Ben & Garcia-Penalosa, Cecilia.  Status effects and 
            negative utility growth.  34p.                              
     149    Morris, Stephen & Shin, Hyun Song.  A theory of the onset of
            currency attacks.  31p.                                     
     99-7   Cameron, Gavin & Muellbauer, John.  Earnings, unemployment, 
            and housing: evidence from a panel of British regions.  43p.
     99-3   Hall, Bronwyn H.  Innovation and market value.  34p.        
     99-2   Kuha, Jouni & Temple, Jonathan.  Covariate measurement error
            in quadratic regression.  31p.                              
     99-1   Myatt, David P. & Wallace, Chris.  Sophisticated play by    
            idiosyncratic agents.  38p.                                 
     99-5   Nuttall, Robin.  An empirical analysis of the effects of the
            threat of takeover on U.K. company performance.  53p.       
     99-6   Nuttall, Robin.  Takeover likelihood models for U.K. quoted 
            companies.  51p.                                            
     99-4   Stevens, Margaret.  Should firms be required to pay for     
            vocational training?.  39p.                                 
     9911   Bulow, Jeremy & Klemperer, Paul.  The tobacco deal.  63p.   
     9910   Casarico, Alessandra.  Pension systems in open economy.     
            56p.                                                        
     9916   David, Paul A. & Hall, Bronwyn H.  Heart of darkness:       
            public-private interactions inside the R & D black box.     
            24p.                                                        
     9912   Klemperer, Paul.  Auction theory: a guide to the literature.
             95p.                                                       
     9915   Quah, John K.-H.  The weak axiom and comparative statics.   
            44p.                                                        
     9920   Breen, Richard & Garcia-Penalosa, Cecilia.  Income          
            inequality and macroeconomic volatility: an empirical       
            investigation.  41p.                                        
     9917   Felli, Leonardo & Roberts, Kevin.  Competition and hold-ups.
             21p.                                                       
     9924   Cameron, Gavin.  Why did U.K. manufacturing productivity    
            growth slow down in the 1970s and speed up in the 1980s?.   
            30p.                                                        
     9921   Myatt, David P.  A new theory of strategic voting.  58p.    

     UNIVERSITY OF PENNSYLVANIA.  Center for Analytic Research in Econ. 

     9814   Castena, Ana, Diaz-Gimenez, Javier & Rios-Rull, Jose Victor.
             Earnings and wealth inequality and income taxation:        
            quantifying the trade-offs of switching to a proportional   
            incom.  30p.                                                
                                                           PAGE 105

     9813   Cole, Harold L., Mailath, George J. & Postlewaite, Andrew.  
            Efficienct non-contractible investments.  45p.              
     9901   Marx, Leslie M. & Matthews, Steven A.  Dynamic voluntary    
            contribution to a public project.  56p.                     
     9903   Halevy, Yoram & Feltkamp, Vincent.  A Bayesian approach to  
            uncertainty aversion.  21p.                                 
     9902   Horner, Johannes.  Reputation and competition.  34p.        
     9904   Matthews, Steven A.  Renegotiating moral hazard contracts   
            under limited liability and monotonicity.  40p.             
     9912   Gomes, Armando.  A theory of negotiations and formation of  
            coalitions.  56p.                                           
     9905   Greenwood, Jeremy, Guner, Nezih & Knowles, John.  More on   
            marriage, fertility, and the distribution of income.  51p.  
     9906   Knowles, John, Persico, Nicola & Todd, Petra.  Racial bias  
            in motor vehicle searches: theory and evidence.  38p.       
     9914   McLean, Richard & Postlewaite, Andrew.  Informational size  
            and incentive compatibility.  41p.                          
     9909   Mailath, George & Morris, Stephen.  Repeated games with     
            almost-public monitoring.  52p.                             
     9911   Miravete, Eugenio J.  Quantity discounts for taste-varying  
            consumers.  62p.                                            
     9913   Obara, Ichiro.  The repeated prisoner's dilemma with private
            monitoring: a N-player case.  28p.                          
     9907   Pavlova, Anna.  Adjustment costs, learning-by-doing, and    
            technology adoption under uncertainty.  33p.                
     9908   Persico, Nicola.  Consensus and the accuracy of signals:    
            optimal committee with endogenous information.  25p.        

     UNIVERSITY OF PENNSYLVANIA.  Institute for Economic Research.      

     9902   Berentsen, Aleksander, Molico, Miguel & Wright, Randall.    
            Indivisibility, lotteries, and monetary exchange.  35p.     
     9903   Burdett, Kenneth, Trejos, Alberto & Wright, Randall.        
            Cigarette money.  38p.                                      
     9812   Casteneda, Ana, Diaz-Gimenez, Javier & Rios-Rull, Jose      
            Victor.  Earnings and wealth inequality and income taxation:
            quantifying the trade-offs of switching to a proportional   
            incom.  30p.                                                
     9901   Ethier, Wilfred J.  Reciprocity, nondiscrimination, and a   
            multilateral world.  11p.                                   
     9904   Aragones, Enriqueta & Postlewaite, Andrew.  Ambiguity in    
            election games.  33p.                                       
     9905   Bils, Mark & Chang, Yongsung.  Understanding how price      
            responds to costs and production.  54p.                     
     9906   Schorfheide, Frank.  Loss function vs. likelihood estimation
            of forecasting models: a pre-test procedure and a Bayesian  
            interpretation.  35p.                                       
     9907   Schorfheide, Frank.  A unified econometric framework for the
            evaluation of dynamic stochastic general equlibrium models. 
            41p.                                                        

     UNIVERSITAT POMPEU FABRA.  Economics Working Papers.               

     277    Argiles, Josep M.  Accounting information and the prediction
            of farm viability.  38p.                                    



                                                           PAGE 106

     267    Arrunada, Benito, Garicano, Luis & Vazquez, Luis.           
            Asymmetric completion, non-linear incentives and last-resort
            termination in automobile franchise contracts.  37p.        
     264    Cassiman, Bruno.  Influence activity and the organization of
            research and development.  36p.                             
     263    Cassiman, Bruno.  Research joint ventures and optimal R & D 
            policy with asymmetric information.  42p.                   
     279    Cassiman, Bruno & Veugelers, Reinhilde.  Complementarity    
            between technology make and buy in innovation strategies:   
            evidence from Belgian manufacturing firms.  40p.            
     268    Hurkens, Sjaak & Vulkan, Nir.  Free entry does not imply    
            zero profits.  17p.                                         
     276    Nino-Mora, Jose.  On the throughput-WIP trade-off in        
            queueing systems, diminishing returns and the threshold     
            property: a linear progr.  22p.                             
     274    Pratap, Sangeeta & Rendon, Silvio.  Firm investment in      
            imperfect capital markets: a structural estimation.  51p.   
     297    Amat, Oriol, et al.  A portrait of the Spanish accounting   
            community.  34p.                                            
     280    Bartlett, Peter & Lugosi, Gabor.  An inequality for uniform 
            deviations of sample averages from their means.  8p.        
     286    Bolton, Patrick & Freixas, Xavier.  A dilution cost approach
            to financial intermediation and securities markets.  43p.   
     283    Charness, Gary.  Attribution and reciprocity in a simulated 
            labor market: an experimental investigation.  35p.          
     284    Charness, Gary.  Bargaining efficiency and screening: an    
            experimental investigation.  31p.                           
     293    Charness, Gary.  Pre-play communication and credibility: a  
            test of Aumann's conjecture.  31p.                          
     290    Colome, Rosa & Serra, Daniel.  Consumer choice in           
            competitive location models: formulations and heuristics.   
            37p.                                                        
     281    Devroye, Luc, Lugosi, Gabor & Udina, Frederic.  Inequalities
            for a new data-based method for selecting nonparametric     
            density estimates.  32p.                                    
     285    Duque, Gabriel.  Diffusion with delayed informational       
            spillovers.  34p.                                           
     292    Fernandez, Alberto, Arrunada, Benito & Gonzalez, Manuel.    
            Contractual and regulatory explanations of quasi-integration
            in the trucking industry.  42p.                             
     287    Garcia, Jaume, Hernandez, Pedro J. & Lopez, Angel.  How wide
            is the gap?: an investigation of gender wage differences    
            using quantile regression.  35p.                            
     298    Greenacre, Michael & Clavel, Jose G.  Correpondence analysis
            of two transition tables.  42p.                             
     282    Gyorfi, Laszlo, Lugosi, Gabor & Morvai, Gusztav.  A simple  
            randomized algorithm for consistent sequential prediction of
            ergodic time series.  14p.                                  
     296    Marcet, Albert & Lorenzoni, Guido.  Parameterized           
            expectations approach: some practical issues.  45p.         
     288    Ramalhinho, Helena & Serra, Daniel.  Adaptive approach      
            heuristics for the generalized assignment problem.  20p.    
     299    Reiter, Michael.  Solving higher-dimensional continuous time
            stochastic control problems by value function regression.   
            33p.                                                        



                                                           PAGE 107

     291    Rodriguez-Mendizabal, Hugo.  Monetary unions and the        
            transition cost savings of a single currency.  48p.         
     289    van Damme, Eric & Hurkens, Sjaak.  Endogenous price         
            leadership.  30p.                                           
     275    Aragones, Enriqueta.  Negativity effect in multiparty       
            electoral competition.  26p.                                
     302    Bertsimas, Dimitris & Nino-Mora, Jose.  Optimization of     
            multiclass queueing networks with changeover times via the  
            achievable region approach, part 1: the .  31p.             
     301    Bertsimas, Dimitris & Nino-Mora, Jose.  Restless bandits,   
            linear programming relaxations and a primal-dual index      
            heuristic.  19p.                                            
     300    Cabrales, Antonio, Charness, Gary & Corchon, Luis C.  An    
            experiment on Nash implementation.  41p.                    
     306    Dacre, Marcus, Glazebrook, Kevin & Nino-Mora, Jose.  The    
            achievable region approach to the optimal control of        
            stochastic systems.  35p.                                   
     271    Garcia Blandon, Josep.  The choice of the form of           
            representation in multinational banking: evidence from      
            Spain.  22p.                                                
     270    Gil, Angel J., Capdevila, Carles & Arcas, Antoni.  On the   
            efficiency and sensitivity of a pyramidal classification    
            algorithm.  20p.                                            
     275    Herrero, Carmen & Pinto, Jose Luis.  Comparison and         
            evaluation of states of health.  26p.                       
     303    Huang, Kevin X.D. & Werner, Jan.  Valuation bubbles and     
            sequential bubbles.  35p.                                   
     278    Lopez-Casasnovas, Guillem.  Cost containment in health care:
            the case of Spain from the eighties up to 1997.  37p.       
     265    Lopez-Casasnovas, Guillem & Saez, Marc.  Finance versus     
            costs for teaching hospitals in Spain.  26p.                
     304    Ramalhinho Lourenco, Helen, Pinto Paixao, Jose & Portugal,  
            Rita.  Metaheuristics for the bus driver scheduling problem.
             26p.                                                       
     272    Sanchez, Gabriel.  Lobbying, innovation and protectionist   
            cycles.  43p.                                               
     305    Spoerer, Mark.  Window-dressing in German interwar balance  
            sheets.  24p.                                               

     PRINCETON UNIVERSITY.  Industrial Relations Section.               

     412    Ashenfelter, Orley, Ashmore, David & Deschenes, Olivier.  Do
            unemployment insurance recipients actively seek work?:      
            randomized trials in four U.S. states.  27p.                
     410    Bertrand, Marianne.  From the invisible handshake to the    
            invisible hand?: how import competition changes the         
            employment relationship.  59p.                              
     414    Farber, Henry S. & Hallock, Kevin F.  Changing stock market 
            response to announcements of job loss: evidence from        
            1970-1997.  12p.                                            
     415    Kling, Jeffrey.  Interpreting instrumental variables        
            estimates of the returns to schooling.  33p.                
     413    Krueger, Alan B.  Measuring labor's share.  16p.            
     411    Krueger, Alan B. & Lindahl, Mikael.  Education for growth in
            Sweden and the world.  61p.                                 



                                                           PAGE 108

     417    Farber, Henry S. & Hallock, Kevin F.  Have employment       
            reductions become good news for shareholders?: The effect of
            job loss announcements on stock prices.  45p.               
     421    Ashenfelter, Orley & Hyslop, Dean.  Measuring the effect of 
            arbitration on wage levels: the case of police officers.    
            26p.                                                        
     418    Eisenberg, Theodore & Farber, Henry S.  The government as   
            litigant: further tests of the case selection model.  41p.  
     420    Farber, Henry S.  Union success in representation elections:
            why does unit size matter?.  41p.                           
     419    Kane, Thomas J., Rouse, Cecilia E & Staiger, Douglas.       
            Estimating returns to schooling when schooling is           
            misreported.  32p.                                          
     416    Katz, Lawrence F. & Krueger, Alan B.  The high-pressure U.S.
            labor market of the 1990s.  89p.                            
     425    Ashenfelter, Orley, Harmon, Colm & Oosterbeek, Hessel.  A   
            review of estimates of the schooling/earnings relationship, 
            with tests for publication bias.  24p.                      
     426    Bertrand, Marianne & Hallock, Kevin F.  The gender gap in   
            top corporate jobs.  28p.                                   
     422    Bertrand, Marianne, Miller, Douglas & Mullainathan, Sendhil.
             Public policy and extended families: evidence from South   
            Africa.  46p.                                               
     423    Hayes, Lashawn R.  Are prices higher for the poor in New    
            York City?.  36p.                                           
     427    Krueger, Alan B. & Whitmore, Diane M.  The effect of        
            attending a small class in the early grades on college-test 
            taking and middle school test results: ev.  31p.            
     424    Krueger, Alan B.  From Bismarck to Maastricht: the march to 
            European Union and labor compact.  28p.                     

     PRINCETON UNIVERSITY.  International Finance Section-Essays.       

     211    Williamson, John & Mahar, Molly.  A survey of financial     
            liberalization.  70p.                                       
     212    Buira, Ariel.  An alternative approach to financial crises. 
            26p.                                                        
     213    Eichengreen, Barry, et al.  Transition strategies and       
            nominal anchors on the road to greater exchange-rate        
            flexibility.  46p.                                          
     214    Giannini, Curzio.  "Enemy of none but a common friend of    
            all?": an international perspective on the                  
            lender-of-last-resort function.  66p.                       

     PRINCETON UNIVERSITY.  International Finance Section-Studies.      

     85     Wolf, Holger C.  Transition strategies: choices and         
            outcomes.  26p.                                             
     86     Prati, Alessandro & Schinasi, Garry J.  Financial stability 
            in European Economic and Monetary Union.  111p.             

     PRINCETON UNIVERSITY.  Woodrow Wilson School-Papers in Economics.  

     207    Anderson, James M., Kling, Jeffrey R. & Stith, Kate.        
            Measuring inter-judge sentencing disparity before and after 
            the federal sentencing guidelines.  62p.                    


                                                           PAGE 109

     205    Grossman, Gene M.  Imperfect labor contracts and            
            international trade.  40p.                                  
     206    Krishna, Vijay & Morgan, John.  A model of expertise.  39p. 
     204    Morgan, John & Stocken, Phillip.  An analysis of stock      
            recommendations.  33p.                                      

     PURDUE UNIVERSITY.  Inst. for Research in Behav, Econ & Mgmt Sci.  

     1122   Hueckel, Glenn.  The labor "embodied" in Smith's            
            labor-commanded measure: a "rationally reconstructed"       
            legend.  37p.                                               
     1123   Folta, Timothy B. & Foote, David A.  Temporary employees as 
            real options.  33p.                                         
     1125   Amaldoss, Wilfred, et al.  Collaborating to compete: a game 
            theoretic model and experimental investigation of the effect
            of profit sharing arr.  45p.                                
     1126   Amaldoss, Wilfred, et al.  Appendices for "Collaborating to 
            Compete".  53p.                                             
     1124   Camera, Gabriele.  Dirty money.  39p.                       

     QUEEN'S UNIVERSITY.  Institute for Economic Research.              

     980    Boadway, Robin & Cuff, Katherine.  A minimum-wage can be    
            welfare-improving and employment-enhancing.  39p.           
     982    Boadway, Robin & Cuff, Katherine.  Monitoring job search as 
            an instrument for targeting transfers.  28p.                
     977    Usher, Dan.  Public provision of indivisible private goods  
            in short supply.  34p.                                      
     984    Boadway, Robin, Cuff, Katherine & Marchand, Maurice.        
            Optimal income taxation with quasi-linear preferences       
            revisited.  32p.                                            
     986    Boadway, Robin, Cuff, Katherine & Marceau, Nicolas.         
            Inter-jurisdictional competition for firms: jobs as vehicles
            for redistribution.  30p.                                   
     990    Cao, Melanie & Shi, Shouyong.  Publicity and the clustering 
            of IPO underpricing.  35p.                                  
     989    Cao, Melanie & Shi, Shouyong.  Screening, bidding, and loan 
            market tightness.  45p.                                     
     988    Shi, Shouyong.  Frictional assignment.  43p.                
     987    Shi, Shouyong.  Unskilled workers in an economy with        
            skill-biased technology.  50p.                              
     985    Usher, Dan.  Personal goods, efficiency and the law.  29p.  

     UNIVERSITY OF ROCHESTER.  Center for Economic Research.            

     461    Burnside, Craig, Eichenbaum, Martin & Rebelo, Sergio.       
            Hedging and financial fragility in fixed exchange rate      
            regimes.  58p.                                              
     460    Greenwood, Jeremy & Jovanovic, Boyan.  The information      
            technology revolution and the stock market.  15p.           
     459    McKenzie, Lionel.  The first conferences on the theory of   
            economic growth.  11p.                                      
     462    Aiyagari, S. Rao, Greenwood, Jeremy & Guner, Nezih.  On the 
            state of the union.  46p.                                   




                                                           PAGE 110

     464    Epstein, Larry G.  Are probabilities used in markets?.  6p. 
     463    Skrzypacz, Andrzej & Hopenhayn, Hugo.  Bidding rings in     
            repeated auctions.  30p.                                    

     UNIVERSITA DI ROMA.  Centro Interdipartimentale di Economia Int'l. 

     55     Ginebri, Sergio.  Real wages, productivity and unemployment 
            in an open economy: further evidence based on a couple of   
            cointegrating p.  21p.                                      
     57     Marzano, F. & Saltari, E.  Modern theories of investment    
            decisions: a critical assessment.  67p.                     
     56     Petit, Maria-Luisa, Sanna-Randaccio, Francesca & Tolwinski, 
            Boleslaw.  Innovation and foreign investment in a dynamic   
            oligopoly.  46p.                                            
     53     Cavallari, Lilia & De Arcangelis, Giuseppe.  Economic       
            interdependence across the Atlantic: national or European   
            dollar policy?.  31p.                                       
     54     Federici, Daniela & Marconi, Daniela.  Balance of trade and 
            growth: the case of Italy.  27p.                            
     52     Gandolfo, Giancarlo & Felettigh, Alberto.  The NATREX: an   
            alternative approach theory and empirical verifications.    
            22p.                                                        
     49     de Cecco, Marcello.  The lender of last resort.  22p.       

     UNIVERSITY OF SAARLAND.  Department of Economics.                  

     9801   Friedman, Ralph & Sanddorf-Kohle, Walter.  Volatility       
            clustering and nontrading days in Chinese stock markets.    
            39p.                                                        
     9803   Sanddorf-Kohle, Walter.  The kurtosis of ARMA-GARCH models. 
            10p.                                                        
     9802   Blazewicz, Jacek, et al.  Heuristic algorithms for the two  
            machine flow shop with limited machine availability.  24p.  
     9901   Schweitzer, Marcus.  Simplified proofs for planning optimal 
            lead times in multi-stage production structures.  19p.      

     SANTA FE INSTITUTE.  Economics Research Program.                   

     98-100 Auerswald, Philip, et al.  The production recipes approach  
            to modeling technological innovation: an application to     
            learning by doing.  76p.                                    
     98-102 Bak, Per, Norrelykke, Simon F. & Shubik, Martin.  The       
            dynamics of money.  12p.                                    
     9882   Blume, Lawrence E. & Easley, David.  Optimality and natural 
            selection in markets.  36p.                                 
     98-117 Farmer, J. Doyne.  Market force, ecology, and evolution.    
            77p.                                                        
     98-114 Joshi, Shareen & Bedau, Mark A.  An explanation of generic  
            behavior in an evolving financial market.  15p.             
     98-115 Joshi, Shareen, Parker, Jeffrey & Bedau, Mark A.  Technical 
            trading creates a prisoner's dilemma: results from an       
            agent-based model.  16p.                                    
     9891   Kauffman, Stuart, Lobo, Jose & Macready, William G.  Optimal
            search on a technology landscape.  40p.                     




                                                           PAGE 111

     9837   Miller, John H., Butts, Carter & Rode, David.  Communication
            and cooperation.  18p.                                      
     9903   Shubik, Martin & Vriend, Nicholaas J.  A behavioral approach
            to a strategic market game.  21p.                           
     9938   Arifovic, Jasmina.  Inflationary deficit financing in an    
            open economy: evolutionary dynamics.  30p.                  
     9939   Farmer, J. Doyne & Lo, Andrew W.  Frontiers of finance:     
            evolution and efficient markets.  6p.                       
     9925   Geanakoplos, J., et al.  A strategic market game with active
            bankruptcy.  39p.                                           
     9923   Joshi, Shareen, Parker, Jeffrey & Bedau, Mark A.  Financial 
            markets can be at sub-optimal equilibria.  20p.             
     9924   Levitan, Bennett, et al.  Optimal organizational size in a  
            stochastic environment with externalities.  22p.            
     9937   Lobo, Jose & Macready, William G.  Landscapes: a natural    
            extension of search theory.  33p.                           

     UNIVERSITY OF SOUTHAMPTON.  Department of Economics.               

     9821   Chalkley, Martin & Malcomson, James M.  Government          
            purchasing of health services.  44p.                        
     9801   Dekel, Eddie & Piccione, Michele.  On the equivalence of    
            simultaneous and sequential binary elections.  25p.         
     9820   Kotsogiannis, Christos & Makris, Miltos.  Optimal federal   
            capital income taxation.  34p.                              
     9822   Mateos, Xavier.  Longer lives, fertility, and accumulation. 
            31p.                                                        

     UNIVERSITY OF STOCKHOLM.  Department of Economics.                 

     98-5   Dufwenberg, Martin & Gneezy, Uri.  Measuring beliefs in an  
            experimental lost wallet game.  30p.                        
     9803   Erixon, Lennart.  The theory of transformation pressure: a  
            new perspective on growth and economic policy.  44p.        
     98-4   Lundholm, Michael & Ohlsson, Henry.  Who takes care of the  
            children?: the quantity-quality model revisited.  9p.       
     99-3   Arai, Mahmood.  Wages, profits and capital intensity:       
            evidence from matched worker-form data.  27p.               
     99-2   Dufwenberg, Martin & Stegeman, Mark.  When order matters for
            iterated strict dominance.  8p.                             
     99-1   Lundholm, Michael & Ohlsson, Henry.  Post mortem reputation,
            compensatory gifts and equal bequests.  6p.                 
     99-5   Dufwenberg, Martin.  Teaching Cournot without derivatives.  
            5p.                                                         
     99-4   Dufwenberg, Martin & Gneezy, Uri.  Price competition and    
            market concentration: an experimental study.  26p.          
     99-6   Voorneveld, Mark.  Numerical representation of incomplete   
            and nontransitive preferences and indifferences on a        
            countable set.  8p.                                         
     9913   Dufwenberg, Martin & Kirchsteiger, Georg.  Reciprocity and  
            wage undercutting.  17p.                                    
     99-7   Hackner, Jonas.  Market delineation and product             
            differentiation.  23p.                                      
     99-8   Lundholm, Michael.  Comments on social insurance and the    
            optimum piecewise linear income tax.  6p.                   



                                                           PAGE 112

     9911   Muren, Astri & Pyddoke, Roger.  Does collusion without      
            communication exist?.  18p.                                 
     9914   Arai, Mahmood, Billot, Antoine & Lanfranchi, Joseph.        
            Learning by helping: a bounded rationality model of         
            mentoring.  27p.                                            
     9910   Boschini, Anne.  Skills, franchise and industrialization.   
            48p.                                                        
     9915   Carlen, Bjorn.  Large country effects in international      
            emissions trading: a laboratory test.  48p.                 
     99-9   Hackner, Jonas.  A note on price and quantity competition in
            differentiated oligopolies.  8p.                            
     9916   Voorneveld, Mark.  Random games and maximum likelihood      
            equilibria.  15p.                                           
     9912   Voorneveld, Mark, Grahn, Sofia & Dufwenberg, Martin.  Ideal 
            equilibria in noncooperative multicriteria games.  17p.     

     UNIVERSITY OF STOCKHOLM.  Institute for Int'l. Economic Studies.   

     652    Acemoglu, Daron & Zilibotti, Fabrizio.  Information         
            accumulation in development.  43p.                          
     647    Agell, Jonas & Persson, Mats.  Tax arbitrage and labor      
            supply.  34p.                                               
     642    Berg, Claes & Jonung, Lars.  Pioneering price level         
            targeting: the Swedish experience 1931-1937.  50p.          
     641    Brash, Donald.  Inflation targeting in New Zealand:         
            experience and practice.  11p.                              
     650    Erceg, Christopher J., Henderson, Dale W. & Lewin, Andrew T.
             Tradeoffs between inflation and output-gap variances in an 
            optimizing agent model.  41p.                               
     645    Lindbeck, Assar.  Swedish lessons for post-Socialist        
            countries.  41p.                                            
     644    McCallum, Bennett T. & Nelson, Edward.  Nominal income      
            targeting in an open-economy optimizing model.  44p.        
     648    Mishkin, Frederic S.  International experiences with        
            different monetary policy regimes.  45p.                    
     646    Svensson, Lars E.O.  Inflation targeting as a monetary      
            policy rule.  50p.                                          
     649    Taylor, John B.  The robustness and efficiency of monetary  
            policy rules as guidelines for interest rate setting by the 
            European Cent.  39p.                                        
     643    von Hagen, Jurgen.  Money growth targeting.  34p.           
     651    Wasmer, Etienne.  Labor supply dynamics, unemployment and   
            human capital investments.  36p.                            
     660    Acemoglu, Daron & Zilibotti, Fabrizio.  Productivity        
            difference.  47p.                                           
     657    Calmfors, Lars.  Macroeconomic policy, wage setting and     
            employment: what difference does the EMU make?.  51p.       
     659    Calmfors, Lars.  Monetary union and precautionary           
            labour-market reform.  9p.                                  
     654    Floden, Martin & Linde, Jesper.  Idiosyncratic risk in the  
            U.S. and Sweden: is there a role for government insurance?. 
            29p.                                                        
     665    Hassler, John, et al.  Equilibrium unemployment insurance.  
            55p.                                                        




                                                           PAGE 113

     661    Marimon, Ramon & Zilibotti, Fabrizio.  Unemployment vs.     
            mismatch of talents: reconsidering unemployment benefits.   
            34p.                                                        
     663    Palmqvist, Stefan.  Why central banks announce their        
            objectives: monetary policy with discretionary signalling.  
            22p.                                                        
     658    Persson, Torsten & Tabellini, Guido.  The size and scope of 
            government: comparative politics with rational politicians. 
            47p.                                                        
     653    Sbordone, Argia.  Prices and unit labor costs: a new test of
            price stickiness.  31p.                                     
     664    Storesletten, Kjetil.  Sustaining fiscal policy through     
            immigration.  39p.                                          
     656    Svedberg, Peter.  841 million undernourished?: on the       
            tyranny of deriving a number.  39p.                         
     655    Tangeras, Thomas P.  On the role of public opinion polls in 
            political competition.  36p.                                
     662    Zenou, Yves.  Urban unemployment and city formation: theory 
            and policy implications.  35p.                              

     TEL-AVIV UNIVERSITY.  Eitan Berglas School of Economics.           

     26/98  Fershtman, Chaim & Pakes, Ariel.  A dynamic oligopoly with  
            collusion and price wars.  41p.                             
     25/98  Fershtman, Chaim & Gneezy, Uri.  Trust and discrimination in
            a segmented society: an experimental approach.  28p.        
     23/98  Schwartz, Aba.  The interrelation of wage series of firms to
            each other and to the series of their employment level:     
            facts from mic.  28p.                                       
     24/98  Stern, Scott & Trajtenberg, Manuel.  Empirical implications 
            of physician authority in pharmaceutical decisionmaking.    
            44p.                                                        
     30/98  Aoki, Reiko & Spiegel, Yossi.  Public disclosure of patent  
            applications.  46p.                                         
     4/99   Dekel, Eddie & Scotchmer, Suzanne.  On the evolution of     
            attitudes towards risk in winner-take-all games.  18p.      
     9/99   Dekel, Eddie, Fudenberg, Drew & Levine, David K.  Payoff    
            information and self-confirming equilibrium.  27p.          
     3/99   Dekel, Eddie & Piccione, Michele.  Sequential voting        
            procedures in symmetric binary elections.  26p.             
     1/99   Gandal, Neil & Roccas, Sonia.  Good neighbors/bad citizens: 
            personal value priorities of economists.  14p.              
     6/99   Hercowitz, Zvi & Strawczynski, Michel.  Cyclical bias in    
            government spending: evidence from the OECD.  24p.          
     11/99  Hvide, Hans K.  Bounds to memory loss.  22p.                
     5/99   Hvide, Hans K. & Kristiansen, Eirik G.  Risk taking in      
            selection contests.  19p.                                   
     2/99   Hvide, Hans K.  Signalling and self-insight in the job      
            market.  28p.                                               
     29/98  Karni, Edi & Zilcha, Itzhak.  Saving behavior in stationary 
            equilibrium with random discounting.  21p.                  
     8/99   Razin, Assaf & Sadka, Efraim.  Unskilled migration: a burden
            or a boon for the welfare state?.  23p.                     
     28/98  Razin, Assaf, Sadka, Efraim & Yuen, Chi-Wa.  An             
            information-based model of foreign direct investment: the   
            gains from trade revisited.  34p.                           


                                                           PAGE 114

     7/99   Rubinstein, Ariel.  Experience from a course in game theory:
            pre and post-class problem sets as a didactic device.  17p. 
     27/98  Rubinstein, Yona & Tsiddon, Daniel.  Coping with            
            technological progress: the role of ability in making       
            inequality so persistent.  54p.                             
     10/99  Trajtenberg, Manuel.  Innovation in Israel 1968-97: a       
            comparative analysis using patent data.  43p.               
     14/99  Dranove, David & Gandal, Neil.  The DVD vs. DIVX standard   
            war: network effects and empirical evidence of vaporware.   
            18p.                                                        
     13/99  Eckwert, Bernhard & Zilcha, Itzhak.  Incomplete risk sharing
            arrangements and the value of information.  22p.            
     15/99  Hercowitz, Zvi & Yashiv, Eran.  A macroeconomic experiment  
            in mass immigration.  23p.                                  
     12/99  Viaene, Jean-Marie & Zilcha, Itzhak.  Optimal education when
            capital markets are integrated.  32p.                       
     21/99  Eliaz, Kfir.  Fault tolerant implementation.  52p.          
     25/99  Grossman, Gene M. & Helpman, Elhanan.  Incomplete contracts 
            and industrial organization.  42p.                          
     16/99  Kalemli-Ozcan, Sebnem, Sorensen, Bent E. & Yosha, Oved.     
            Risk sharing and industrial specialization: regional and    
            international evidence.  47p.                               
     17/99  Papageorgiou, Yorgos & Pines, David.  Externalities,        
            nonconvexity, and agglomeration.  39p.                      
     24/99  Perez-Castrillo, David & Wettstein, David.  Bidding for     
            surplus: a non-cooperative approach to the Shapley value.   
            20p.                                                        
     18/99  Pines, David.  Is population dispersion policy necessary?.  
            17p.                                                        
     23/99  Ribon, Sigal & Yosha, Oved.  Financial liberalization and   
            competition in banking: an empirical investigation.  36p.   
     20/99  Shachar, Ron.  Party loyalty as habit formation.  35p.      
     22/99  Sorensen, Bent E., Wu, Lisa & Yosha, Oved.  Output          
            fluctuations and fiscal policy: U.S. state and local        
            governments, 1978 - 1994.  43p.                             
     19/99  Spiegler, Ran.  Reason-based choice and justifiability in   
            extensive form games.  39p.                                 
     26/99  Weiss, Yoram, Sauer, Robert M. & Gotlibovski, Menachem.     
            Immigration, search and loss of skill.  49p.                
     30/99  Gilboa, Itzhak & Schmeidler, David.  Cognitive foundations  
            of probability.  46p.                                       
     29/99  Gilboa, Itzhak & Schmeidler, David.  Inductive inference: an
            axiomatic approach.  32p.                                   
     27/99  Razin, Assaf, Sadka, Efraim & Yuen, Chi-Wa.  Excessive      
            foreign direct investment flows under asymmetric            
            information.  28p.                                          
     28/99  Sulganik, Eyal & Zilcha, Itzhak.  The choice of acquiring   
            medical information in life insurance markets.  21p.        

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

     32     Barca, Fabrizio, et al.  The divergence of the Italian and  
            Japanese corporate governance models: the role of           
            institutional shocks.  24p.                                 




                                                           PAGE 115

     42     Bhaskar, V. & To, Ted.  Oligopsony and the distribution of  
            wages.  19p.                                                
     23     Fujimoto, Takahiro.  Toyota Motor Manufacturing Australia in
            1995: an emergent global strategy.  53p.                    
     33     Fujimoto, Takahiro & Yasumoto, Masanori.  The impact of     
            product-industry characteristics on effective patterns of   
            product development.  40p.                                  
     36     Fukuda, Shin-ichi & Toya, Hideki.  A new view of the source 
            of East Asian economic growth: what made capital stock      
            accumulation so remarkable in East .  29p.                  
     29     Hanazaki, Masaharu & Horiuchi, Akiyoshi.  A vacuum of       
            governance in the Japanese bank management.  74p.           
     22     Ihori, Toshihiro.  Wealth taxation and economic growth.     
            28p.                                                        
     30     Iwai, Katsuhito.  Schumpeterian dynamics: a disequilibrium  
            theory of long-run profits.  49p.                           
     31     Iwai, Katsuhito.  Towards a disequilibrium theory of        
            long-run profits: a Schumpeterian perspective.  67p.        
     26     Kim, Yong-Jin & Kunitomo, Naoto.  Pricing options under     
            stochastic interest rates: a new approach.  24p.            
     25     Kubokawa, T. & Srivastava, M.S.  Estimating risk and mean   
            squared error matrix in Stein estimation.  24p.             
     34     Matsushima, Hitoshi.  Learning as the dynamics of emotions  
            and strength of confidence.  24p.                           
     24     Matsushima, Hitoshi.  Multimarket contact, imperfect        
            monitoring, and implicit collusion.  25p.                   
     27     Miwa, Yoshiro.  The social responsibility of directors:     
            dangerous and harmful, though maybe not irrelevant.  26p.   
     28     Mochida, Nobuki & Lotz, Jorgen J.  Fiscal federalism in     
            practice, the Nordic countries and Japan.  39p.             
     35     Nishimura, Kiyohiko G. & Punzo, Lionello F.  The            
            distribution structure in three continents: an evolutionary 
            analysis of Italy, Japan and the United States.  20p.       
     38     Srivastava, M.S. & Kubokawa, T.  Improved nonnegative       
            estimation of multivariate components of variance.  20p.    
     41     Tabuchi, Takatoshi & Yoshida, Atsushi.  Urban agglomeration 
            economies in consumption and production.  17p.              
     37     Takemura, Akimichi.  Calculating minimum k-unsafe & maximum 
            k-safe sets of variables for disclosure risk assessment of  
            individual record.  16p.                                    
     40     Takemura, Akimichi.  Local recoding by maximum weight       
            matching for disclosure control of microdata sets.  14p.    
     39     Treisman, Daniel & Gimpelson, Vladimir.  Political business 
            cycles and Russian elections, or the manipulations of       
            "Chudar".  31p.                                             
     43     Aoki, Masanao & Yoshikawa, Hiroshi.  Demand creation and    
            economic growth.  37p.                                      
     47     Eguchi, Kyota.  Effect of the union under moral hazard.     
            28p.                                                        
     46     Eguchi, Kyota.  Unions as commitment devices: strong unions 
            are welcome.  38p.                                          
     45     Eguchi, Kyota.  Wage profile and monitoring under adverse   
            selection.  20p.                                            
     49     Kandori, Michihiro.  Check your partners' behavior by       
            randomization: new efficiency results on repeated games with
            imperfect monitoring.  23p.                                 


                                                           PAGE 116

     48     Miwa, Yoshiro & Ramseyer, J. Mark.  Corporate  governance in
            transitional economies: lessons from the pre-war Japanese   
            cotton textile industry.  31p.                              
     44     Nakanishi, Toru.  Poverty, customary economy and migration  
            in metro Manilla: an analysis of changes in social customs  
            in a squatter a.  47p.                                      
     58     Fukuda, Shin-ichi.  The impacts of bank loans on economic   
            development: an implication for East Asia from an           
            equilibrium contract theory.  35p.                          
     57     Ihori, Toshihiro.  Environmental externalities, abatement   
            behavior, and consumption taxes.  24p.                      
     52     Kubokawa, Tatsuya & Srivastava, M.S.  Estimating the        
            covariance matrix: a new approach.  25p.                    
     55     Kunitomo, Naoto.  On ergodicity of some TAR(2) processes.   
            25p.                                                        
     50     Kunitomo, Naoto & Sato, Seisho.  On simultaneous switching  
            autoregressive models.  25p.                                
     53     Matsushima, Hitoshi.  The role of mobility among regions in 
            coordination.  24p.                                         
     56     Motonishi, Taizo & Yoshikawa, Hiroshi.  Causes of the long  
            stagnation of Japan during the 1990s: financial or real?.   
            44p.                                                        
     51     Pyo, Hak K. & Nam, Kwanghee.  A test of the convergence     
            hypothesis by rates of return to capital: evidence from OECD
            countries.  30p.                                            
     59     Takemura, Akimichi & Kuriki, Satoshi.  Tail probability via 
            tube formula and Euler characteristic method when critical  
            radius is zero.  21p.                                       

     UNIVERSITA DEGLI STUDI DI VENEZIA.  Dipartimento di Scienze Econ.  

     9805   Medio, Alfredo.  The problem of backward dynamics in        
            economics.  18p.                                            
     9901   Tattara, Giuseppe.  Paper money but a gold debt: Italy in   
            the gold standard.  27p.                                    
     9902   Zanatta, Andrea & Luna, Francesco.  Institutions and        
            innovation diffusion.  22p.                                 

     UNIVERSITY OF VIENNA.  Department of Economics.                    

     9810   Gotz, Georg.  Sunk costs, windows of profit opportunities,  
            and the dynamics of entry.  26p.                            
     9809   Kaufmann, Sylvia.  Bayes inference in common Markov         
            switching trends models.  21p.                              
     9811   Podczeck, Konrad.  Quasi-equilibrium and equilibrium in a   
            large production economy with differentiated commodities.   
            50p.                                                        

     UNIVERSITY OF VIRGINIA.  Center for Studies in Political Economy.  

     316    Beck, Thorsten, Levine, Ross & Loayza, Norman.  Finance and 
            the sources of growth.  45p.                                
     315    Boyd, John H., Levine, Ross & Smith, Bruce D.  The impact of
            inflation on financial sector performance.  46p.            




                                                           PAGE 117

     314    Brien, Michael J., Lillard, Lee A. & Stern, Steven.         
            Cohabitation, marriage, and divorce in a model of match     
            quality.  82p.                                              

     UNIVERSITY OF WESTERN ONTARIO.  Department of Economics.           

     9813   Bowlus, Audra J. & Sicular, Terry.  Household structure and 
            labor demand in agriculture: testing for separability in    
            rural China.  45p.                                          
     9820   Chia, Ngee-Choon.  Motor vehicle taxes as environmental     
            instruments: the case of Singapore.  46p.                   
     9808   Curry, Philip A.  Copyright, copy protection and feist.     
            28p.                                                        
     9812   Erosa, Andres & Gervais, Martin.  Optimal taxation in       
            life-cycle economies.  27p.                                 
     9817   Fearon, Gervan.  Monitoring and competitive bidding in the  
            public sector.  45p.                                        
     9807   Gervais, Martin.  Housing taxation and capital accumulation.
             39p.                                                       
     9809   Harley, C. Knick & Crafts, N.F.R.  Productivity growth      
            during the first Industrial Revolution: inference from the  
            pattern of British external trade.  54p.                    
     9819   Heckman, James, Hohmann, Neil & Smith, Jeffrey.             
            Substitution and droupout bias in social experiments: a     
            study of an influential social experiment.  42p.            
     9811   Krueger, Malte.  Dynamic hedging in currency crisis.  8p.   
     9818   Krueger, Malte.  Exchange rate effects of portfolio shifts?.
             29p.                                                       
     9815   Leith, J. Clark.  The design of policy frameworks and the   
            role of the policy advisor.  20p.                           
     9810   Restuccia, Diego.  Technology adoption and schooling:       
            amplifier income effects of policies across countries.  44p.
     9814   Safra, Zvi & Segal, Uzi.  Dual betweenness.  11p.           
     9821   Stinebrickner, Todd R.  Serially correlated wages in a      
            dynamic, discrete choice model of teacher attrition.  67p.  
     9816   Yang, Jian.  Semiparametric maximum likelihood estimation of
            GARCH models.  38p.                                         
     9822   Chade, Hector & Ventura, Gustavo.  Taxes and marriage: a    
            two-sided search analysis.  26p.                            
     9903   Li, Huirong & Yang, Jian.  Stochastic threshold models on   
            interest rate.  46p.                                        
     9901   Restuccia, Diego & Urrutia, Carlos.  Public policy, price   
            distortions, and investment rates.  44p.                    
     9902   Seitz, Shannon N.  Labor supply, divorce and remarriage.    
            31p.                                                        

     UNIVERSITY OF WISCONSIN.  Social Systems Research Institute.       

     9814   Andreoni, James & Miller, John H.  Analyzing choice with    
            revealed preference: Is altruism rational?.  13p.           
     9811   Andreoni, James & Croson, Rachel.  Partners versus          
            strangers: The effect of random rematchnig in public goods  
            experiments.  12p.                                          
     9810   Andreoni, James & Vesterlund, Lise.  Which is the fair sex?:
            Gender differences in altruism.  24p.                       



                                                           PAGE 118

     9815   Bagwell, Kyle & Staiger, Robert W.  An economic theory of   
            GATT.  53p.                                                 
     9809   Bagwell, Kyle & Staiger, Robert W.  The simple economics of 
            labor standards and the GATT.  42p.                         
     9802   Battalio, Raymond, Samuelson, Larry & Van Huyck, John.  Risk
            dominance, payoff dominance and probabilistic choice        
            learning.  35p.                                             
     9820   Binmore, Ken & Samuelson, Larry.  Coordinated action in the 
            electronic mail game.  27p.                                 
     9817   Brock, William A. & Xepapadeas, Anastasios.  Optimal        
            management in Tilmania: a competitive species assembly      
            constrained by a limiting factor.  29p.                     
     9823   Brock, William A. & Hommes, Cars H.  Rational animal        
            spirits.  33p.                                              
     9827   Caner, Mehmet & Hansen, Bruce E.  Threshold autoregression  
            with a near unit root.  41p.                                
     9825   Carpenter, S.R., Ludwig, D. & Brock, W.A.  Management of    
            eutrophication for lakes subject to potentially irreversible
            change.  85p.                                               
     9806   Che, Yeon-Koo & Gale, Ian.  Difference-form contests and the
            robustness of all-pay auctions.  30p.                       
     9808   Che, Yeon-Koo & Yoo, Seung-Weon.  Optimal incentives for    
            teams.  37p.                                                
     9812   Che, Yeon-Koo & Schwartz, Alan.  Section 365, mandatory     
            bankruptcy rules and inefficient continuance.  28p.         
     9822   Deneckere, Raymond & Peck, James.  Demand uncertainty,      
            endogenous timing and costly waiting: jumping the gun in    
            competitive markets.  31p.                                  
     9803   Durlauf, Steven N. & Quah, Danny T.  The new empirics of    
            economic growth.  111p.                                     
     9824   Goldberger, Artbur S. & Kamin, Leon J.  Behavior-genetic    
            modeling of twins: a deconstruction.  77p.                  
     9801   Haile, Philip A.  Auctions with private uncertainty and     
            resale opportunities.  46p.                                 
     9830   Haile, Philip A.  Partial pooling at the reserve price in   
            auctions with resale opportunities.  20p.                   
     9826   Hansen, Bruce E.  The grid bootstrap and the autoregressive 
            model.  25p.                                                
     9816   Hester, Donald D.  Credit flows from banks and capital      
            markets in an evolving Europe.  17p.                        
     9805   LeBaron, Blake.  An evolutionary bootstrap method for       
            selecting dynamic trading strategies.  15p.                 
     9819r  Mailath, George & Samuelson, Larry.  Who wants a good       
            reputation?.  26p.                                          
     9818   Mailath, George J. & Samuelson, Larry.  Your reputation is  
            who you're not, not who you'd like to be.  39p.             
     9813r  Mailath, George J., Samuelson, Larry & Shaked, Avner.       
            Endogenous inequality in integrated labor markets with      
            two-sided search.  60p.                                     
     9804   Noldeke, Georg & Samuelson, Larry.  How costly is the honest
            signaling of need?.  25p.                                   
     9828r  Sandholm, William H.  The evolution of preferences and rapid
            social change.  55p.                                        
     9829   Severini, Thomas & Tripathi, Gautam.  A simplified approach 
            to computing efficiency bounds in semiparametric models.    
            32p.                                                        


                                                           PAGE 119

     9821   Severinov, Sergei.  Optimal structure of agency with product
            complementarity and substitutability.  58p.                 
     9919   Andreoni, James, Brown, Eleanor & Rischall, Isaac.          
            Charitable giving by married couples: who decides and why   
            does it matter?.  38p.                                      
     9902   Andreoni, James & Miller, John H.  Giving according to GARP:
            an experimental test of the rationality of altruism.  31p.  
     9918   Andreoni, James & Varian, Hal.  Pre-play contracting in the 
            prisoner's dilemma.  17p.                                   
     9904   Andreoni, James, Brown, Paul M. & Vesterlund, Lise.  What   
            makes an allocation fair: some experimental evidence.  34p. 
     9917   Antweiler, Werner, Copeland, Brian & Taylor, M. Scott.  Is  
            free trade good for the environment?.  52p.                 
     9924   Bagwell, Kyle & Staiger, Robert W.  Domestic policies,      
            national sovereignty and international economic             
            institutions.  53p.                                         
     9906   Bagwell, Kyle & Staiger, Robert W.  Multilateral trade      
            negotiations, bilateral opportunism and the rules of GATT.  
            54p.                                                        
     9903   Binmore, Ken & Samuelson, Larry.  Evolutionary stable mixed 
            strategies in asymmetric games.  25p.                       
     9920   Bollinger, Christopher R. & David, Martin H.  Estimation    
            with response error and non-response: food stamp            
            participation in SIPP.  38p.                                
     9908   Brock, William A.  Complexity-based methods in cycles and   
            growth: any potential value-added?.  34p.                   
     9912   Brock, William A.  Scaling in economics: a reader's guide.  
            30p.                                                        
     9911   Brock, William A.  Whither nonlinear?.  13p.                
     9910   Brock, William A. & Durlauf, Steven N.  Interaction-based   
            models.  106p.                                              
     9905   Carpenter, Steve R., Brock, William A. & Hanson, Paul C.    
            Ecological and social dynamics in simple models of ecosystem
            management.  60p.                                           
     9913   Durlauf, Steven N.  How can statistical mechanics contribute
            to social science?.  10p.                                   
     9925   Haile, Philip A. & Stein, Rebecca M.  Managed care          
            incentives and inpatient complications.  44p.               
     9907   Hansen, Bruce E.  Testing for linearity.  27p.              
     9909   Jones, Larry E., Manuelli, Rodolfo E. & Stacchetti, Ennio.  
            Technology (and policy) shocks in models of endogenous      
            growth.  38p.                                               
     9914   Moro, Andrea & Norman, Peter.  Affirmative Action in a      
            competitive economy.  42p.                                  
     9916   Norman, Peter.  Statistical discrimination and efficiency.  
            38p.                                                        
     9922   Parker, Jonathan A.  Spendthrift in America?: on two decades
            of decline in the U.S. saving rate.  54p.                   
     9915   Sandholm, William H.  Markov evolution with inexact         
            information.  48p.                                          
     9923   Sandholm, William H.  Potential games with continuous player
            sets.  31p.                                                 
     9921   West, Kenneth D.  Tests for forecast encompassing when      
            forecasts depend on estimated regression parameters.  10p.  




                                                           PAGE 120

     9901   West, Kenneth D., Wong, Ka-Fu & Anatolyev, Stanislav.       
            Feasible optimal instrumental variables estimation of linear
            models with moving average disturbances.  51p.              

     ZAGREB INSTITUTE OF PUBLIC FINANCE.  Occasional Papers.            

     6      Bubas, Zoran.  The present state of the Croatian public     
            debt.  16p.                                                 
     7      Ott, Katarina & Bajo, Anto.  Public investment in Croatia.  
            22p.                                                        
     8      Bejakovic, Predrag & McAuley, Alastair.  Welfare policy and 
            social transfers in Croatia.  33p.                          

     COWLES FOUNDATION AT YALE UNIVERSITY.  Reprint Series.             

     979    Andrews, Donald W.K.  Consistent moment selection procedures
            for generalized method of moments estimation.  0p.          
     965    Andrews, Donald W.K. & Schafgans, Marcia M.A.               
            Semiparametric estimation of the intercept of a sample      
            selection model.  0p.                                       
     971    Andrews, Donald W.K., Liu, Xuemei & Ploberger, Werner.      
            Tests for white noise against alternatives with both        
            seasonal and nonseasonal serial correlation.  0p.           
     973    Barany, Imre & Scarf, Herbert.  Matrices with identical sets
            of neighbors.  0p.                                          
     970    Chao, John C. & Phillips, Peter C.B.  Posterior             
            distributions in limited information analysis of the        
            simultaneous equations model using the Jeffreys prio.  0p.  
     976    Fair, Ray.  Estimated inflation costs had European          
            unemployment been reduced in the 1980s by macro policies.   
            0p.                                                         
     974    Grant, Simon, Kajii, Atsushi & Polak, Ben.  Intrinsic       
            preference for information.  0p.                            
     977    Kajii, Atsushi & Morris, Stephen.  Payoff continuity in     
            incomplete information games.  0p.                          
     969    Morris, Stephen & Shin, Hyun Song.  Unique equilibrium in a 
            model of self-fulfilling currency attacks.  0p.             
     966    Phillips, Peter C.B.  New tools for understanding spurious  
            regressions.  0p.                                           
     972    Phillips, Peter C.B. & Xiao, Zhijie.  A primer on unit root 
            testing.  0p.                                               
     978    Polak, Ben.  Epistemic conditions for Nash equilibrium, and 
            common knowledge of rationality.  0p.                       
     964    Shiller, Robert & Schneider, Ryan.  Labor income indices    
            designed for use in contracts promoting income risk         
            management.  0p.                                            
     967    Shubik, Martin.  Game theory, complexity, and simplicity    
            part III: critique and prospective.  0p.                    
     975    Tobin, James.  Monetary policy: recent theory and practice. 
            0p.                                                         
     968    Xiao, Zhijie & Phillips, Peter C.B.  Higher-order           
            approximations for frequency domain time series regression. 
            0p.                                                         
     980    Park, Joon Y. & Phillips, Peter C.B.  Asymptotics for       
            nonlinear transformations of integrated time series.  0p.   



                                                           PAGE 121


     UNIVERSITY OF WISCONSIN. Social Systems Research Institute-Reprints

     465    Andreoni, James, Erard, Brian & Feinstein, Jonathan.  Tax   
            compliance.  0p.                                            
     466    Brock, William A. & Hommes, Cars H.  Heterogeneous beliefs  
            and routes to chaos in a simple asset pricing model.  0p.   
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