New Acquisitions -December 1996



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

     9613   Alcalde, Jose & Romero-Medina, Antonio.  Simple mechanism to
            implement the core of college admissions problems.  28p.    
     9614   Herrero, Carmen & Villar, Antonio.  Agenda independence in  
            allocation problems with single-peaked preferences.  24p.   
     9615   Fauli, Ramon.  Mergers for market power in a Cournot setting
            and merger guidelines.  30p.                                

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

     82     Baltas, Nicholas C.  Private investment and the demand for  
            loanable funds in the Greek agricultural sector.  30p.      

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

     350    Burguet, R. & Sakovics, J.  Imperfect competition in auction
            designs.  18p.                                              
     346    Matarazzo, B. & Munda, G.  New approaches for the comparison
            of L-R fuzzy numbers: a theoretical and operational         
            analysis.  30p.                                             
     345    Palomino, F. & Vega, F.  Convergence of aspirations and     
            (partial) cooperation in the prisoner's dilemma.  27p.      
     351    Ponsati, C. & Sakovics, J.  Bargaining in a changing        
            environment.  31p.                                          
     344    Vettas, N.  Investment dynamics in markets with endogenous  
            demand.  44p.                                               

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

     9605   Herranz, Alfonso & Tirado, Daniel A.  Foreign trade traps in
            the European periphery: Spain, 1870-1913.  25p.             
     9603   Marin-Solano, Jesus & Rafels, Carles.  Convexity versus     
            average convexity: potential, PMAS, the Shapley value and   
            simple games.  19p.                                         
     9604   Martinez-de-Albeniz, F. Javier & Rafels, Carles.  On the    
            intersection between the imputation set and the Weber set.  
            13p.                                                        
     9606   Nunez, Marina & Rafels, Carles.  On extreme points of the   
            core and reduced games.  10p.                               

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

     70     Melamad, Nahum, Mookherjee, Dilip & Reichelstein, Stefan.   
            Contract complexity, incentives and the value of delegation.
             38p.                                                       
     69     Miron, Jeffrey A.  Some estimates of annual alcohol         
            consumption per capita, 1870-1991.  28p.                    
     71     Mookherjee, Dilip & Reichelstein, Stefan.  Budgeting and    
            hierarchical control.  37p.                                 

     UNIVERSIDAD CARLOS III de MADRID.  Dept. de Economia.              

     9622   Florenzano, Monique & Moreno Garcia, Emma.  Linear exchange 
            economies with a continuum of agents.  18p.                 
     9653   Ruiz-Castillo, Javier & Vargas, Carmen.  A social welfare   
            model for the evaluation of the Spanish income tax system.  
            37p.                                                        

     UNIVERSITY OF COPENHAGEN.  Institute of Economics.                 

     9613   Sorensen, Bent E & Yosha, Oved.  Income and consumption     
            smoothing among U.S. states: regions or clubs?.  34p.       

     COWLES FOUNDATION FOR RESEARCH IN ECONOMICS AT YALE UNIVERSITY.    

     1132   Bak, P., Paczuski, M. & Shubik, Martin.  Price variations in
            a stock market with many agents.  46p.                      
     1133   Ghosal, S. & Polemarchakis, H.M.  Exchange and optimality.  
            17p.                                                        
     1134   Phillips, Peter C.B. & Lee, Chin Chin.  Efficiency gains    
            from quasi-differencing under nonstationarity.  25p.        
     1135   Phillips, Peter C. B.  Spurious regression unmasked.  36p.  

     (ENGLAND) CENTRE FOR ECONOMIC POLICY RESEARCH.                     

     1468   Buiter, Willem H., Lago, Ricardo & Stern, Nicholas.         
            Promoting an effective market economy in a changing world.  
            55p.                                                        
     1486   Bulow, Jeremy, Huang, Ming & Klemperer, Paul.  Toeholds and 
            takeovers.  36p.                                            
     1483   Dolado, Juan J., Lopez-Salido, J. David & Vega, Juan Luis.  
            Short- and long-run Phillips trade-offs and the cost of     
            disinflationary policies.  45p.                             
     1487   Emons, Winand.  Expertise, contingent fees, and excessive   
            litigation.  16p.                                           
     1502   Hoekman, Bernard.  Multilateral disciplines on government   
            procurement: what's in it for developing countries?.  39p.  
     1501   Hoekman, Bernard.  Trade and competition policy in the WTO  
            system.  22p.                                               
     1446   Irmen, Andreas & Thisse, Jacques-Francois.  Competition in  
            multi-characteristics spaces: Hotelling was almost right.   
            36p.                                                        

     FEDERAL RESERVE BANK OF ATLANTA.  Research Department.             

     9611   Roberds, William & Whiteman, Charles H.  Endogenous term    
            premia and anomalies in the term structure of interest      
            rates: explaining the predictability smile.  41p.           

     FEDERAL RESERVE BANK OF CHICAGO.  Research Department.             

     9619   Aaronson, Daniel.  Using sibling data to estimate the impact
            of neighborhoods on children's educational outcomes.  46p.  
     9617   Campbell, Jeffrey R. & Fisher, Jonas D.M.  Aggregate        
            employment fluctuations with microeconomic asymmetries.     
            28p.                                                        
     9616   Christiano, Lawrence J. & Harrison, Sharon G.  Chaos,       
            sunspots, and automatic stabilizers.  64p.                  
     9614   Friedman, Benjamin M. & Kuttner, Kenneth N.  A price target 
            for U.S. monetary policy?: lessons from the experience with 
            money growth targets.  69p.                                 
     9615   Ljungqvist, Lars & Uhlig, Harald.  Catching up with the     
            Keynesians.  22p.                                           

     FEDERAL RESERVE BANK OF DALLAS.  Research Department.              

     9613   Brown, Stephen P.A., Oppedahl, David B. & Yucel, Mine K.    
            Oil prices and aggregate economic activity: a study of eight
            OECD countries.  25p.                                       
     9612   Taylor, Lori L. & Yucel, Mine K..  The policy sensitivity of
            industries and regions.  23p.                               

     FEDERAL RESERVE BANK OF DALLAS.  Financial Industry Studies.       

     1/96   Hooks, Linda M. & Robinson, Kenneth J.  Moral hazard and    
            Texas banking in the 1920s.  35p.                           

     FEDERAL RESERVE BANK OF KANSAS CITY.  Research Division.           

     9602   Blomberg, S. Brock & Hess, Gregory D.  Politics and exchange
            rate forecasts.  31p.                                       
     9604   Chirinko, Robert S.  Finance constraints, liquidity, and    
            investment spending: theoretical restrictions &             
            international evidence.  44p.                               
     9603   Clark, Todd E.  Finite sample properties of tests for       
            forecast equivalence.  31p.                                 

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

     16     Rapaport, Carol.  Housing demand and community choice: an   
            empirical analysis.  33p.                                   

     FEDERAL RESERVE BANK OF PHILADELPHIA.  Economic Research Division. 

     9620   DeFina, Robert H. & Stark, Thomas C.  The effects of        
            permanent and transitory output shocks on poverty.  31p.    
     9621   Holliday, Andrew J. & Hopper, Gregory P.  Are there regimes 
            of antitrust enforcement?: an empirical analysis.  28p.     
     9619   McAndrews, James J.  Pricing in vertically integrated       
            network switches.  14p.                                     

     FEDERAL RESERVE BOARD.  Finance & Economics Discussion Series.     

     9641   Bomfin, Antulio N.  "Forecasting the forecasts of others":  
            expectational heterogeneity and aggregate dynamics.  32p.   
     9642   Brayton, F. & Tinsley, P.  A guide to FRB/US: a             
            macroeconomic model of the United States.  45p.             
     9640   Greenspan, Alan & Cohen, Darrel.  Motor vehicle stocks,     
            scrappage, and sales.  34p.                                 

     FEDERAL RESERVE BOARD.  International Finance Papers.              

     571    Bryson, Jay H., Chen, Chin-huan & VanHoose, David D.        
            Implications of economic interdependence and exchange rate  
            policy on endogenous wage indexation decisions.  30p.       
     570    Edison, Hali J.  The reaction of exchange rates and interest
            rates to new releases.  31p.                                

     HARVARD UNIVERSITY.  Institute of Economic Research.               

     1781   Chamberlain, Gary & Imbens, Guido W.  Hierarchical Bayes    
            models with many instrumental variables.  26p.              
     1779   Garg, Ashish & Morduch, Jonathan.  Sibling rivalry, resource
            constraints, and the health of children.  35p.              
     1784   Grossman, Gene M. & Helpman, Elhanan.  Competing for        
            endorsements.  44p.                                         
     1782   Hall, Brian J.  Regulatory free cash flow and the high cost 
            of insurance company failures.  36p.                        
     1778   Hart, Oliver, Shleifer, Andrei & Vishny, Robert W.  The     
            proper scope of government: theory and an application to    
            prisons.  56p.                                              
     1780   Segal, Ilya R. & Whinston, Michael D.  Naked exclusion and  
            buyer coordination.  33p.                                   
     1783   Shleifer, Andrei.  Government in transition.  43p.          

     HEBREW UNIV. Center for Rationality & Interactive Decision Theory. 

     119    Keaser, Tamar, Motro, Uzi & Shmida, Avi.  Exploration effort
            in foraging bees is enhanced by clustering of food          
            resources.  14p.                                            
     118    Keaser, Tamar, Motro, Uzi & Shmida, Avi.  Foraging as an    
            exploratory activity in bees: the effects of patch          
            variability.  28p.                                          
     120    Keaser, Tamar, Motro, Uzi & Shmida, Avi.  Inate movement    
            rules in foraging bees: flight distances are affected by    
            recent rewards...  22p.                                     
     122    Keaser, Tamar, et al.  Overnight memory retention of        
            foraging skills by bumblebees is imperfect.  18p.           
     121    Keaser, Tamar, et al.  When color vision is not useful: the 
            floral choices of foraging bumblebees on color polymorphic  
            artificial flowers.  21p.                                   
     117    Landsberger, Michael, et al.  First-price auctions when the 
            ranking of valuations is common knowledge.  17p.            

     INSTITUTO TECNOLOGICO AUTONOMO DE MEXICO. Centro de Invest. Econ.  

     9606   Azariadis, Costas.  The economics of poverty traps, part    
            one: complete markets.  60p.                                
     9610   Cuoco, Domenico & Zapatero, Fernando.  On the recoverability
            of preferences and beliefs in financial models.  16p.       
     9608   Huybens, Elisabeth & Smith, Bruce D.  Financial market      
            frictions, monetary policy and capital accumulation in a    
            small open economy.  45p.                                   
     9607   Lopez A., Gladys.  Equilibrium behavior in an all-pay       
            auction with complete information.  40p.                    
     9609   Ortigueira, Salvador.  Fiscal policy in an endogenous growth
            model with human capital accumulation.  34p.                

     JOHNS HOPKINS UNIVERSITY.  Department of Political Economy.        

     372    Karni, Edi & Safra, Zvi.  Social welfare functions with     
            nonlinear individual preferences.  12p.                     
     374    Khan, M. Ali & Sun, Yeneng.  Non-atomic games on Loeb       
            spaces.  10p.                                               
     373    Moffitt, Robert, Ribar, David & Wilhelm, Mark.  The decline 
            of welfare benefits in the U.S.: the role of wage           
            inequality.  46p.                                           

     LONDON SCHOOL OF ECONOMICS.  Financial Markets Group.              

     249    Bolton, Patrick & von Thadden, Ernst-Ludwig.  Blocks,       
            liquidity and corporate control.  30p.                      
     247    Clark, Peter B., Goodhart, Charles A.E. & Huang, Haizhou.   
            Optimal monetary policy rules in a rational expectations    
            model of the Phillips curve.  50p.                          
     250    Mella-Barral, Pierre & Tychon, Pierre.  Default risk in     
            asset pricing.  19p.                                        
     248    Sandmann, G. & Koopman, S.J.  Maximum likelihood estimation 
            of stochastic volatility models.  40p.                      

     UNIV. OF LONDON-BIRKBECK COLLEGE.  Inst. for Financial Research.   

     23     El-Jahel, Lina, Lindberg, Hans & Perraudin, William.  Yield 
            curves with jump short rates.  33p.                         
     24     Marin, Jose M. & Rahi, Rohit.  Information revelation and   
            market incompleteness.  31p.                                
     22     Satchell, Stephen & Shin, Yongcheol.  Forecasting single and
            multiple hazards: the use of the Weibull distribution with  
            application to arrears mortgages..  22p.                    

     UNIVERSITY OF MELBOURNE.  Department of Economics.                 

     536    Creedy, John.  Measuring the welfare effects of price       
            changes: a convenient parametric approach.  34p.            
     537    Creedy, John & Van de Ven, Justin.  The distributional      
            effects of inflation in Australia, 1980-1995.  17p.         
     538    Olekalns, Nilss.  Australian evidence on tax smoothing and  
            the optimal budget surplus.  23p.                           

     UNIVERSITA DEGLI STUDI DI MILANO. Dipt. Econ. Politica e Aziendale.

     9602   Barba Navaretti, Giorgio, Soloaga, Isidro & Takacs, Wendy.  
            Bargains rejected?: developing country trade policy on used 
            equipment.  14p.                                            
     9604   Cerasi, Vittoria.  An empirical analysis of banking         
            concentration.  20p.                                        
     9603   Checchi, Daniele & Corneo, Giacomo.  Social custom and      
            strategic effects in trade union membership: Italy          
            1951-1993.  23p.                                            

     UNIVERSITY OF MINNESOTA.  Center for Economic Research.            

     293    Caucutt, Elizabeth M.  Peer group effects in applied general
            equilibrium.  53p.                                          
     291    Imrohoroglu, Ayse, Merlo, Antonio & Rupert, Peter.  On the  
            political economy of income redistribution and crime.  38p. 
     292    Liu, Zheng.  Seasonal cycles, business cycles, and monetary 
            policy.  39p.                                               
     290    Marshall, Robert C. & Merlo, Antonio.  Pattern bargaining.  
            45p.                                                        
     294    Rebelein, Robert P.  The effect of strategic behavior on    
            Ricardian equivalence.  26p.                                

     MONASH UNIVERSITY.  Department of Econometrics.                    

     13/96  Bollen, Bernard & Kofman, Paul.  Estimating daily volatility
            from intraday data.  20p.                                   
     16/96  Fry, Tim R.L. & Sexton, Eileen M.  The stochastic           
            specification of attraction models.  16p.                   
     15/96  Greenan, Nathalie & Mairesse, Jacques.  Computers and       
            productivity in France: some evidence.  55p.                
     14/96  Lee, Michael, et al.  Growth convergence: some panel data   
            evidence.  10p.                                             
     12/96  Ravindiran, T.  Cointegration analysis of purchasing power  
            parity in a small country context.  29p.                    
     11/96  Snyder, Ralph D. & Grose, Simone.  Business forecasting with
            exponential smoothing: computation of prediction intervals. 
            20p.                                                        

     UNIVERSITE DE MONTREAL.  Departement de Sciences Economiques.      

     9605   Ai, Chunrong, Arcand, Jean-Louis & Ethier, Francois.  Moral 
            hazard and Marshallian inefficiency: evidence from Tunisia. 
            36p.                                                        
     9604   Boyer, Marcel & Laffont, Jean-Jacques.  Toward a political  
            theory of environmental policy.  40p.                       
     9601   Deaton, Angus & Ng, Serena.  Parametric and nonparametric   
            approaches to price and tax reform.  26p.                   
     9610   Dionne, Georges & Mounsif, Tahar.  Investment under demand  
            uncertainty: the newsboy problem revisited.  16p.           
     9608   Fortin, Nicole M. & Lemieux, Thomas.  Labor market          
            institutions and gender differences in wage inequality.     
            11p.                                                        
     9607   Fortin, Nicole M. & Lemieux, Thomas.  Rank regressions, wage
            distributions, and the gender gap.  43p.                    
     9612   Ghysels, Eric & Ng, Serena.  A semi-parametric factor model 
            for interest rates.  27p.                                   
     9613   Ghysels, Eric, Harvey, Andrew & Renault, Eric.  Stochastic  
            volatility.  68p.                                           
     9603   Gonzalo, Jesus & Ng, Serena.  A systematic framework for    
            analyzing the dynamic effects of permanent and transitory   
            shocks.  40p.                                               
     9609   Hosken, Daniel S. & Margolis, David N.  The efficiency of   
            collective bargaining in public schools.  52p.              
     9602   Levy-Garboua, Louis & Montmarquette, Claude.  Cognition in  
            seemingly riskless choices and judgements.  27p.            
     9606   Mercenier, Jean & Yeldan, Erinc.  How prescribed policy can 
            mislead when data are defective: a follow-up to Srinivasan  
            (1994) using g.e.  27p.                                     
     9611   Perron, Pierre & Ng, Serena.  An autoregressive spectral    
            density estimator at frequency zero for nonstationarity     
            tests.  42p.                                                

     UNIVERSITY OF MUNICH.  Center for Economic Studies.                

     90     Baye, Michael R., Kovenock, Dan & de Vries, Casper.  The    
            all-pay auction with complete information.  21p.            
     94     Fare, Rolf, Grosskopf, Shawna & Roos, Pontus.  The Malmquist
            total factor productivity index: some remarks.  9p.         
     99     Frey, Bruno S.  Institutional economics: what future        
            course?.  21p.                                              
     92     Koskela, Erkki & Stenbacks, Rune.  Does competition make    
            loan markets more fragile?.  27p.                           
     91     Koskela, Erkki & Holm, Pasi.  Tax progression, structure of 
            labour taxation and employment.  25p.                       
     93     Okuguchi, Koji.  Effects of tariff on international mixed   
            duopoly with several markets.  16p.                         
     100    Paelinck, Jean H.P.  Four studies in theoretical spatial    
            economics.  32p.                                            
     95     Schjelderup, Guttorm & Sorgard, Lars.  The multinational    
            firm, transfer pricing and the nature of competition.  28p. 
     96     Schjelderup, Guttorm, Hagen, Kare P. & Osmundsen, Petter.   
            Internationally mobile firms and tax policy.  26p.          
     98     Tawada, Makoto & Shimomura, Koji.  On the Heckscher-Ohlin   
            analysis and the gains from trade with profit maximizing and
            labour managed firms.  19p.                                 
     97     Tawada, Makoto & Yabuuchi, Shigemi.  Trade and gains from   
            trade between profit maximizing and labor managed countries 
            w/ imperfect competition.  29p.                             

     NATIONAL BUREAU OF ECONOMIC RESEARCH.  Working Papers.             

     5810   Altshuler, Rosanne & Grubert, Harry.  Balance sheets,       
            multinational financial policy, and the cost of capital at  
            home and abroad.  47p.                                      
     5778   Angrist, Joshua D. & Evans, William N.  Children and their  
            parents' labor supply: evidence from exogenous variation in 
            family size.  43p.                                          
     5807   Angrist, Joshua D. & Lavy, Victor.  The effect of teen      
            childbearing and single parenthood on childhood disabilities
            and progress in school.  28p.                               
     5800   Branstetter, Lee.  Are knowledge spillovers international or
            intranational in scope?: microeconometric evidence from U.S.
            & Japan.  40p.                                              
     5793   Bryan, Michael F. & Cecchetti, Stephen G.  Inflation and the
            distribution of price changes.  17p.                        
     5809   Chari, V.V., Kehoe, Patrick J. & McGrattan, Ellen R.  Sticky
            price models of the business cycle: can the contract        
            multiplier solve the persistence problem?.  30p.            
     5804   Christiano, Lawrence J., Eichenbaum, Martin & Evans, Charles
            L.  Sticky prices and limited participation models of money:
            a comparison.  57p.                                         
     5805   Currie, Janet & Thomas, Duncan.  Does Head Start help       
            Hispanic children?.  41p.                                   
     5795   Darby, Michael R. & Zucker, Lynne G.  Star scientists,      
            institutions, and the entry of Japanese biotechnology       
            entreprises.  42p.                                          
     5792   den Haan, Wouter J.  Understanding equilibrium models with a
            small and a large number of agents.  43p.                   
     5799   Edey, Malcolm & Simon, John.  Australia's retirement income 
            system implications for saving and capital markets.  35p.   
     5794   Edwards, Sebastian.  A tale of two crises: Chile and Mexico.
             37p.                                                       
     5790   Good, David H., Nadiri, M. Ishaq & Sickles, Robin C.  Index 
            number and factor demand approaches to the estimation of    
            productivity.  88p.                                         
     5803   Leamer, Edward E.  Effort, wages, and the international     
            division of labor.  50p.                                    
     5808   Levinsohn, James.  Firm heterogeneity, jobs, and            
            international trade: evidence from Chile.  30p.             
     5791   Milesi-Ferretti, Gian Maria & Razin, Assaf.  Current account
            sustainability: selected East Asian and Latim American      
            experiences.  61p.                                          
     5801   Nadiri, M. Ishaw & Kim, Seongjun.  International R & D      
            spillovers, trade and productivity in major OECD countries. 
            36p.                                                        
     5802   Prendergast, Canice.  What happens within firms?: a survey  
            of empirical evidence on compensation policies.  35p.       
     5797   Svensson, Lars E.O.  Inflation forecast targeting:          
            implementing and monitoring inflation targets.  37p.        
     5798   Taylor, Alan M.  Convergence and international factor flows 
            in theory and history.  35p.                                
     5806   Taylor, Alan M.  Sources of convergence in the late         
            ninteenth century.  31p.                                    

     NATIONAL BUREAU OF ECONOMIC RESEARCH.  Technical Papers.           

     198    Stock, James H. & Wright, Jonathan.  Asymptotics for GMM    
            estimators with weak instruments.  41p.                     

     NEW YORK UNIVERSITY.  Salomon Brothers Center (Financial Inst).    

     9640   Altman, Edward I. & Saunders, Anthony.  Credit risk         
            measurement: developments over the last 20 years.  38p.     
     9641   Barnea, Emanuel & Landskroner, Yoram.  Interest bearing     
            deposits, the demand for money and the choice of monetary   
            aggregates.  42p.                                           
     9643   Freed, March S., Garcia, Hector & Lerohl, Randi.  Measuring 
            the non-linearity of fixed income securities.  23p.         
     9642   Gao, Bin, Huang, Jing-zhi & Subrahmanyam, Marti G.  An      
            analytical approach to the valuation of American            
            path-dependent options.  41p.                               
     9646   Ho, T.S., Stapleton, Richard C. & Subrahmanyam, Marti G.    
            The valuation of American options with stochastic interest  
            rates: a generalization of the Geske-Johnson technique.     
            23p.                                                        
     9644   Horvitz, Paul M. & White, Lawrence J.  The challenge of the 
            new electronic technologies in banking: private strategies  
            and public policies.  29p.                                  
     9645   White, Lawrence J.  Technological change, financial         
            innovation, and financial regulation in the U.S.: the       
            challenges for public policy.  44p.                         

     NEW YORK UNIVERSITY.  Stern School of Business.                    

     9614   Economides, Nicholas, Lopomo, Guiseppe & Woroch, Glenn.     
            Regulatory pricing rules to neutralize network dominance.   
            19p.                                                        
     9615   Katz, Barbara G. & Owen, Joel.  On the desirability of      
            big-bang reforms.  17p.                                     
     9612   White, Lawrence J.  The rise and fall of dominant firms in  
            the U.S. automobile industry: a twice told tale.  38p.      

     NORWEGIAN SCHOOL OF ECONOMICS & BUSINESS ADMINISTRATION.           

     19/96  Kristiansen, Eirik Gaard.  R & D in the presence of network 
            externalities: timing and compatibility.  35p.              
     14/96  Nilssen, Tore & Sorgard, Lars.  Time schedule and programme 
            profile: TV news in Norway and Denmark.  23p.               
     15/96  Osmundsen, Petter.  Risk sharing and incentives in Norwegian
            petroleum extraction.  16p.                                 
     18/96  Sandmo, Agnar.  How far should we go in the redistribution  
            of income?.  16p.                                           
     17/96  Tvedt, Jostein.  The structure of the freight rate: a       
            stochastic partial equilibrium model for the VLCC market.   
            36p.                                                        
     16/96  Tvedt, Jostein.  Valuation of a European option in the      
            BIFFEX market.  11p.                                        

     OHIO STATE UNIVERSITY.  Department of Economics.                   

     9621   Campbell, Colin M.  Cheap-talk coordination in dissipative  
            auctions.  46p.                                             
     9620   Campbell, Colin M.  Costly voting, zealots, and the curse of
            a large electorate.  15p.                                   
     9622   Chipty, Tasneem & Snyder, Christopher.  Buyer size and      
            bargaining power.  37p.                                     
     9623   Glass, Amy Jocelyn.  Product cycles and market penetration. 
            32p.                                                        
     9626   Light, Audrey.  Estimating the returns to schooling: when   
            does the career begin?.  28p.                               
     9625   McCulloch, J. Huston.  Linear regression with stable        
            disturbances.  28p.                                         
     9624   Viard, Alan D.  Incidence and asset-pricing effects of      
            realization based capital gains taxes.  24p.                

     OSAKA UNIVERSITY.  Institute of Social and Economic Research.      

     420    Glass, Amy Jocelyn & Saggi, Kamal.  Foreign direct          
            investment and the nature of R & D.  30p.                   
     421    Hashimoto, Masanori & Zhao, Jingang.  Non-wage              
            compensations, employment, and hours.  40p.                 
     422    Ishiguro, Shingo & Itoh, Hideshi.  Moral hazard and side    
            trade in agency contracts.  27p.                            
     423    Yamada, Hiroshi & Toda, Hiro Y.  A note on hypothesis       
            testing based on dully modified vector autoregression.  16p.
     418    Zhao, Jingang.  A beta core existence result and its        
            application to oligopoly markets.  22p.                     

     UNIVERSITY OF PENNSYLVANIA.  Center for Analytic Research in Econ. 

     9605   Kahl, Matthias.  Dynamic liquidation, adjustment of capital 
            structure, and the costs of financial distress.  38p.       
     9608   Moro, Andrea & Norman, Peter.  Affirmative action in a      
            competitive economy.  43p.                                  
     9606   Morris, Stephen.  Approximate common knowledge revisited.   
            26p.                                                        
     9607   Morris, Stephen & Shin, Hyun Song.  Approximate common      
            knowledge and co-ordination: recent lessons from game       
            theory.  26p.                                               

     PRINCETON UNIVERSITY.  International Finance Section-Essays.       

     199    Kenen, Peter B., ed.  Making EMU happen: problems and       
            proposals; a symposium.  76p.                               

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

     1089   Brush, Thomas H. & Bromiley, Philip.  What does a small     
            corporate effect mean?: a variance components simulation of 
            corporate and business effects.  19p.                       
     1088   Kang, Myong, et al.  The design and implementation of OR/SM:
            a prototype integrated modeling environment.  35p.          
     1090   Matheny, Kenneth J.  Non-neutral responses to money supply  
            shocks when consumption and leisure are Pareto substitutes. 
            28p.                                                        
     1087   Wright, Gordon P., et al.  OR/SM: a prototype integrated    
            modeling environment based on structured modeling.  43p.    

     UNIVERSITA DEGLI STUDI DI VENEZIA.  Dipartimento di Scienze Econ.  

     9621   Cazzavillan, Guido & Musu, Ignazio.  A simple model of      
            optimal sustainable growth.  16p.                           
     9626   Brunello, Giorgio & Ishikawa, Tsuneo.  Education, training  
            and labour market structure: Italy and Japan in comparative 
            perspective.  61p.                                          
     9627   Luna, Francesco.  The emergence of a firm as a complex      
            problem solver.  22p.                                       

     UNIVERSITY OF VICTORIA (BC).  Department of Economics.             

     9612   DeBenedictis, Linda F. & Giles, David E.A.  Diagnostic      
            testing in econometrics: variable addition, reset, and      
            Fourier approximations.  63p.                               

     UNIVERSITY OF VIENNA.  Department of Economics.                    

     9613   Clemenz, Gerhard.  Imperfectly observable emissions, adverse
            selection, and output restrictions.  18p.                   
     9614   Bughin, Jacques & Vannini, Stefano.  To be (unionized) or   
            not to be?: a case for cost-raising strategies.  12p.       
     9615   Winckler, Georg, Hochreiter, Eduard & Brandner, Peter.      
            Deficits, debt and European Monetary Union.  21p.           

     UNIVERSITY OF WASHINGTON.  Institute of Economic Research.         

     9612   Brock, Philip L.  High real interest rates and banking      
            crises in an open economy: a case study of Chile, 1975-1983.
             41p.                                                       
     9603   Brock, Philip L.  High real interest rates, guarantor risk, 
            and bank recapitalizations.  69p.                           
     9602   Engel, Charles.  Accounting for U.S. real exchange rate     
            changes.  54p.                                              
     9605   Engel, Charles.  Long-run purchasing power parity may not   
            hold after all.  49p.                                       
     9613   Engel, Charles.  A model of foreign exchange rate           
            indetermination.  22p.                                      
     9614   Engel, Charles & Kim, Chang-Jin.  The long-run U.S./U.K.    
            real exchange rate.  37p.                                   
     9601   Engel, Charles & Rogers, John H.  Regional patterns in the  
            law of one price: the roles of geography vs. currencies.    
            42p.                                                        
     9611   Kim, Chang-Jin, Nelson, Charles R. & Startz, Richard.       
            Testing for mean reversion in heteroskedastic data based on 
            Gibbs sampling augmented randomization.  33p.               
     9609   Kochin, Michael S. & Kochin, Levis A.  When is buying votes 
            wrong?.  19p.                                               
     9604   Lundberg, Shelly J. & Startz, Richard.  Inequality and race:
            models and policy.  34p.                                    
     9615   Nelson, Charles R., Startz, Richard & Zivot, Eric.  Valid   
            confidence intervals and inference in the presence of weak  
            instruments.  49p.                                          
     9610   Thornton, Judith.  Structural change in the Russian Far     
            East: the implications for trade and factor markets.  30p.  
     9607   Van Long, Ngo & Wong, Kar-yiu.  Endogenous growth and       
            international trade: a survey.  65p.                        
     9606   Wang, Jiahui & Zivot, Eric.  Inference on a structural      
            parameter in instrumental variables regression with weak    
            instruments.  31p.                                          
     9608   Wong, Kar-yiu.  Endogenous growth and international labor   
            migration: the case of a small, emigration economy.  48p.   

     UNIVERSITY OF WATERLOO.  Department of Economics.                  

     9616   Blackorby, Charles, Bossert, Walter & Donaldson, David.     
            Information invariance in variable population social choice 
            problems.  22p.                                             

     UNIVERSITY OF WESTERN ONTARIO.  Department of Economics.           

     9609   Cowan, Robin, Cowan, William & Swann, Peter.  A model of    
            demand with interactions among consumers.  27p.             
     9610   Laidler, David.  Notes on the microfoundations of monetary  
            economics.  19p.                                            
     9611   Perry, Motty & Vincent, Daniel R.  The optimal timing of    
            procurement decisions and patent allocations.  26p.         
     9608   Segal, Uzi.  Let's agree that all dictatorships are equally 
            bad.  18p.                                                  

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