New Acquisitions - February - March 1996


     UNIVERSITY OF ALBERTA.  Department of Economics.                   

     9512   Boothe, Paul.  The new approach to budgeting in Alberta.    
            22p.                                                        
     9513   Tamaschke, R., Docwra, G. & Stillman, R.  Estimating end    
            user supply costs in a widespread electricity system.  21p. 

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

     64     Apospori, Eleni, Vega, William & Gill, Andres.  Assessing   
            the usefulness of collateral data: a multi-trait,           
            multi-method model.  27p.                                   
     66     Demopoulos, George D. & Yannacopoulos, Nicholas A.  A note  
            on the theory of monetary unions.  8p.                      
     69     Hassapis, Christis, Pittis, Nikitas & Prodromidis,          
            Kyprianos.  Unit roots and Granger causality in the EMS     
            interest and inflation rates: the German dominance          
            hypothesis revisted.  33p.                                  
     67     Jafarey, Saqib, Kaskarelis, Yannis & Miaouli, Natasha.  Wage
            determination and capital decisions in a dynamic monopoly   
            union model.  19p.                                          
     65     Louri, Helen.  Mergers and acquisitions in the Greek        
            economy, 1987-93: sectoral restructuring and modernization  
            prospects.  19p.                                            
     68     Minoglou, Ioanna P. & Louri, Helen.  Diaspora               
            entrepreneurial networks of the Black Sea and Greece,       
            1870-1917.  28p.                                            
     73     Petrakis, Emmanuel & Vlassis, Minas.  Endogenous            
            wage-bargaining institutions in oligopolistic industries.   
            26p.                                                        

     BANK OF JAPAN.  Institute for Monetary & Economic Studies.         

     96-6   Fujiki, Hiroshi & Mulligan, Casey B.  Production, financial 
            sophistication, and the demand for money by household and   
            firms.  49p.                                                
     96-7   Fujiki, Hiroshi & Mulligan, Casey B.  A structural analysis 
            of money demand: cross-sectional evidence from Japan.  89p. 
     96-2   Mori, Atutoshi, Ohsawa, Makoto & Shimizu, Tokiko.  A        
            framework for more effective stress testing.  31p.          
     96-1   Nishida, Shinji.  The "domino effect of defaults" and its   
            implications for regulatory actions.  24p.                  
     96-3   Okada, Shumpei, Harada, Eiji & Tsunoda, Fumihiko.           
            Integration of credit risk with market risk in asset        
            liability management.  31p.                                 
     96-4   Shimizu, Tokiko & Yamashita, Tsukasa.  Dynamic micro and    
            macro stress simulation.  30p.                              
     96-5   Watanabe, Toshiaki.  Intraday price volatility and trading  
            volume: a case of the Japanese government bond futures.     
            34p.                                                        

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

     9504   Anas, Alex.  Default on the mortgage, savings and moral     
            hazard.  27p.                                               
     9503   Holmes, James M. & Hutton, Patricia A.  Keynesian           
            involuntary unemployment and sticky nominal wages.  36p.    

     UNIVERSITY OF CALIFORNIA-BERKELEY.  Department of Economics.       

     242    O'Donoghue, Ted, Scotchmer, Suzanne & Thisse, Jacques-F.    
            Patent breadth, patent life, and the pace of technological  
            improvement.  33p.                                          

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

     60     Frankel, Jeffrey A.  Recent exchange rate experience and    
            proposals for reform.  15p.                                 
     61     Frankel, Jeffrey.  The world over the next twenty-five      
            years: global trade liberalization and the relative growth  
            of different regions.  20p.                                 
     59     Frankel, Jeffrey A., Stein, Ernesto & Wei, Shang-Jin.       
            Regional trading arragements: natural or supernatural?.     
            14p.                                                        

     COWLES FOUNDATION FOR RESEARCH IN ECONOMICS AT YALE UNIVERSITY.    

     1111   Andrews, Donald W.K.  A conditional Kolmogorov test.  36p.  
     1109   Brown, Donald J. & Matzkin, Rosa L.  Testable restrictions  
            on the equilibrium manifold.  23p.                          
     1108   Buchinsky, Moshe & Yosha, Oved.  Evaluating the probability 
            of failure of a banking firm.  52p.                         
     1110   Shiller, Robert J. & Schneider, Ryan.  Labor income indices 
            designed for use in contracts promoting income risk         
            management.  38p.                                           

     (ENGLAND) CENTRE FOR ECONOMIC POLICY RESEARCH.                     

     1289   Bayoumi, Tamim.  Explaining consumption: a simple test of   
            alternative hypotheses.  30p.                               
     1299   Beetsma, Roel M.W.J & Bovenberg, A. Lans.  Does monetary    
            unification lead to excessive debt accumulation?.  25p.     
     1317   Bond, Eric W., Syropoulos, Constantinos & Winters, L. Alan. 
            Deepening of regional integration and multilateral trade    
            agreements.  43p.                                           
     1320   Casella, Alessandra.  Large countries, small countries and  
            the enlargement of trade blocs.  37p.                       
     1307   Darvas, Zsolt.  Exchange rate premia and the credibility of 
            the crawling target zone in Hungary.  28p.                  
     1283   Dow, William H., et al.  Death, tetanus and aerobics: the   
            evaluation of disease-specific health interventions.  37p.  
     1310   Evans, George W., Honkapohja, Seppo & Marimon, Ramon.       
            Convergence in monetary inflation models with heterogeneous 
            learning rules.  32p.                                       
     1285   Forni, Mario & Reichlin, Lucrezia.  Dynamic common factors  
            in large cross-sections.  17p.                              
     1318   Haisken-De New, John P & Zimmermann, Klaus F.  Wage and     
            mobility effects of trade and migration.  23p.              
     1300   Hoekman, Bernard & Djankov, Simeon.  Catching up with       
            Eastern Europe?: the European Union's Mediterranean free    
            trade initiative.  35p.                                     
     1291   Karp, Larry & Tahvonen, Olli.  International trade in       
            exhaustible resources: a cartel-competitive fringe model.   
            36p.                                                        
     1315   Obstfeld, Maurice.  Models of currency crises with          
            self-fulfilling features.  19p.                             
     1319   O'Rourke, Kevin H.  Trade, migration and convergence: an    
            historical perspective.  46p.                               
     1314   Orszag, J. Michael & Zoega, Gylfi.  Hiring risk and labour  
            market equilibrium.  18p.                                   
     1295   Padilla, A. Jorge & Pagano, Marco.  Endogenous communication
            among leaders and entrepreneurial incentives.  35p.         
     1273   Pinto, Brian & van Wijnbergen, Sweder.  Ownership and       
            corporate control in Poland: why state firms defied the     
            odds.  39p.                                                 
     1286   Quah, Danny T.  Regional convergence clusters across Europe.
             16p.                                                       
     1305   Rodrik, Dani.  Trade strategy, investment and exports:      
            another look at East Asia.  40p.                            
     1321   Rosenkranz, Stephanie.  Simultaneous choice of process and  
            product innovation.  28p.                                   
     1298   Saint-Paul, Gilles.  Labour market institutions and the     
            cohesion of the middle class.  12p.                         
     1290   Sapir, Andre & Sekkat, Khalid.  Optimum electoral areas.    
            31p.                                                        
     1313   Soderlind, Paul.  Forward interest rates as indicators of   
            inflation expectations.  27p.                               
     1296   von Hagen, Jurgen.  East Germany: the economics of kinship. 
            39p.                                                        
     1322   von Weizsacker, Robert K.  Does an aging population increase
            inequality?.  24p.                                          
     1288   Widgren, Mika.  A voting power analysis of supranational and
            national influence in the EU.  15p.                         
     1316   Winters, L. Alan.  Regionalism and the rest of the world:   
            the irrelevance of the Kemp-Wan theorem.  12p.              

     THE MAURICE FALK INSTITUTE FOR ECONOMIC RESEARCH IN ISRAEL.        

     9506   Beenstock, Michael & ben Menahem, Yitzhak.  The labor market
            absorption of CIS immigrants to Israel: 1989-1994.  42p.    

     FEDERAL RESERVE BANK OF ATLANTA.  Research Department.             

     9517   Dwyer, Gerald P, Locke, Peter & Yu, Wei.  Index arbitrage   
            and nonlinear dynamics between the S & P futures and cash.  
            40p.                                                        
     9518   Hu, Jie.  Financial market breakdown due to strategy        
            constraints and information assymetry.  36p.                
     9519   Nandi, Saikat.  Asymmetric information about volatility and 
            option markets.  28p.                                       

     FEDERAL RESERVE BANK OF CHICAGO.  Research Department.             

     9517   Ljungqvist, Lars & Sargent, Thomas J.  The European         
            unemployment dilemma.  28p.                                 

     FEDERAL RESERVE BANK OF KANSAS CITY.  Research Division.           

     9512   Heinecke, Ken & Shen, Pu.  Bank derivative activity in the  
            1990s.  22p.                                                

     FEDERAL RESERVE BANK OF MINNEAPOLIS.  Research Department.         

     203    Aiyagari, S. Rao & McGrattan, Ellen R.  The optimum quantity
            of debt.  27p.                                              
     204    Chari, V.V., Kehoe, Patrick J. & McGrattan, Ellen R.  The   
            poverty of nations: a quantitative exploration.  61p.       
     205    Holmes, Thomas J.  The effects of state policies on the     
            location of industry: evidence from state borders.  45p.    

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

     107    Santos, Manual S. & Vigo, Jesus.  Accuracy estimates for a  
            numerical approach to stochastic growth models.  45p.       

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

     9      Groshen, Erica L. & Schweitzer, Mark E.  The effects of     
            inflation on wage adjustments in firm-level data: grease or 
            sand?.  62p.                                                

     FEDERAL RESERVE BANK OF PHILDELPHIA.  Economic Research Division.  

     9526   Adao, Bernardino & Temzelides, Theodosios.  Beliefs,        
            competition, and bank runs.  24p.                           
     9527   Temzelides, Theodosios.  Evolution, coordination, and       
            banking panics.  33p.                                       

     FEDERAL RESERVE BOARD.  Finance & Economics Discussion Series.     

     9552   Collins, Sean & Mack, Phillip.  Will bank proprietary mutual
            funds survive?: assessing their viability via scope and     
            scale estimates.  27p.                                      
     9551   Kupiec, Paul H. & O'Brien, James M.  Recent developments in 
            bank capital regulation of market risks.  28p.              
     9553   Neumark, David & Wascher, William.  Reconciling the evidence
            on employment effects of minimum wages: a review of our     
            research findings.  31p.                                    

     FEDERAL RESERVE BOARD.  International Finance Papers.              

     537    Brunner, Allan D.  Using measures of expectations to        
            identify the effects of a monetary policy shock.  34p.      
     533    Engel, Charles & Rogers, John H.  Regional patterns in the  
            law of one price: the roles of geography vs. currencies.    
            43p.                                                        
     534    Frankel, Jeffrey A. & Rose, Andrew K.  Currency crashes in  
            emerging markets: an empirical treatment.  26p.             
     536    Huh, Chan.  Regime switching in the dynamic relationship    
            between the federal funds and innovations in nonborrowed    
            reserves.  29p.                                             
     535    Truman, Edwin M.  The risks and implications of external    
            financial shocks: lessons from Mexico.  32p.                

     HEBREW UNIV. Center for Rationality & Interactive Decision Theory. 

     90     Amital, Mor.  Cheap-talk with incomplete information on both
            sides.  30p.                                                
     91     Amital, Mor.  Cheap-talk with random stopping.  10p.        
     94     Aumann, Robert J., Hart, Sergiu & Perry, Motty.  The        
            absent-minded driver.  16p.                                 
     96     Bornstein, Gary, Budescu, David & Zamir, Shmuel.            
            Cooperation in intergroup, n-person and two-person games of 
            chicken.  28p.                                              
     95     Bornstein, Gary, Winter, Eyal & Goren, Harel.  Experimental 
            study of repeated team games.  22p.                         
     93     Driessen, Theo S.H.  An alternative game theoretic analysis 
            of a bankruptcy problem from the Talmud: the case of the    
            greedy bankruptcy g.  20p.                                  
     92     Driessen, Theo S.H.  Tree enterprises and bankruptcy        
            ventures: a game theoretic similarity due to a graph        
            theoretic proof.  12p.                                      
     88     Neyman, Abraham.  Cooperation, repetition, and automata.    
            28p.                                                        

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

     9521   Chen, Songian.  Semiparametric estimation of the type 3     
            Tobit model.  41p.                                          
     9520   Lin, Chu-chia Steve & Png, I.P.L.  Kinship, control, and    
            incentives.  21p.                                           
     9525   Lin, Justin Yifu & Yang, Dennis T.  Food availability,      
            entitlements and the Chinese famine of 1959-1961.  27p.     
     9524   Wang, Susheng.  The choice of fiscal policies.  22p.        

     UNIVERSITY OF ICELAND.  Faculty of Economics & Business Admin.     

     36     Herbertsson, Tryggvi T. & Magnusson, Gudmundur.  Accounting 
            for growth in the five Nordic countries, 1971-1992.  25p.   

     INSTITUT NATIONAL DE LA STATISTIQUE ET DES ETUDES ECONOMIQUES.     

     9552   Florens, J.P., Renault, E. & Touzi, N.  Testing for         
            embeddability by stationary reversible continuous time      
            Markov processes.  26p.                                     
     9550   Gourieroux, C., Laurent, J.P. & Pham, H.  Quadratic hedging 
            and numeraire.  23p.                                        
     9553   Jouini, E., Koehl, P.F. & Touzi, N.  Incomplete markets,    
            transaction costs and liquidity effects.  26p.              
     9551   Touzi, N.  American options exercise boundary when the      
            bolatility changes randomly.  17p.                          

     INSTITUTO DE MATEMATICA PURA E APLICADA (BRAZIL).                  

     92     Araujo, Aloisio, Monteiro, Paulo K. & Pascoa, Mario.        
            Infinite horizon incomplete markets with a continuum of     
            states.  20p.                                               
     95     de Souza, Aparecido J. & Marchesin, Dan.  Bifurcations in   
            nonlinear resources for systems of conservation laws.  20p. 
     93     Landim, C., Sethuraman, S. & Varadhan, S.  Spectral gap for 
            zero-range dynamics.  32p.                                  
     96     Solodov, M.V.  Incremental gradient algorithms with         
            stepsizes bounded away from zero.  14p.                     
     94     Solodov, M.V.  On the convergence of constrained parallel   
            variable distribution algorithms.  13p.                     

     UNIVERSITY OF IOWA.  Department of Economics.                      

     9601   Wu, S.Y. & Qin, C.Z.  Pricing derived securities under an   
            Edgeworthian process.  40p.                                 

     JOHNS HOPKINS UNIVERSITY.  Department of Political Economy.        

     354    Karni, Edi & Safra, Zvi.  Individual sense of justice and   
            social welfare functions.  31p.                             
     356    Keane, Michael & Moffitt, Robert A.  A structural model of  
            multiple welfare program participation and labor supply.    
            50p.                                                        
     355    Moffitt, Robert A. & Gottschalk, Peter.  Trends in the      
            autocovariance structure of earnings in the U.S.: 1969-1987.
             47p.                                                       

     LA TROBE UNIVERSITY.  Department of Economics.                     

     9526   Bardsley, Peter.  Simplifying the tax law: some implications
            for small business.  19p.                                   
     9527   Bardsley, Peter & Olekalns, Nilss.  Wool price variability  
            in the long run.  11p.                                      
     9518   Choe, Chongwoo.  Contract design and costly verification    
            games.  19p.                                                
     9522   Clarke, Harry.  Optimal depletion when development makes an 
            unused resource stock more valuable.  24p.                  
     9525   Herath, Gamini.  Ecotourism development in Australia: some  
            relevant issues.  21p.                                      
     9524   Konya, Laszlo.  Output and employment in Australia:         
            1959-1992: a clay-clay approach.  30p.                      
     9523   Yin, Xiangkang & Ng, Yew-Kwang.  Quantity precommitment and 
            Bertrand competition yield Cournot outcomes: a case with    
            product differentiation.  12p.                              

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

     9550   Chander, Parkash & Tulkens, Henry.  The core of an economy  
            with multilateral environmental externalities.  23p.        
     9554   Cremer, Helmuth & Pestieau, Pierre.  Redistributive taxation
            and social insurance.  16p.                                 
     9546   Crettez, Bertrand, Michel, Philippe & Vidal, Jean-Pierre.   
            Time preference and labour migration in an OLG model with   
            land and capital.  14p.                                     
     9549   Deschamps, Philippe J.  Full sample maximum likelihood      
            estimation of dynamic demand models.  36p.                  
     9548   De Wold, Olivier & Forges, Francoise.  On strategic         
            equilibria and rational choice.  12p.                       
     9552   Dhillon, Amrita.  Extended Paretian rules and relative      
            utilitarianism.  36p.                                       
     9558   Dutta, Jayasri & Michel, Philippe.  The distribution of     
            wealth with imperfect altruism.  24p.                       
     9555   Eeckhoudt, Louis & Zenou, Yves.  Bid rents under            
            unemployment risk: delayed versus timeless uncertainty.     
            23p.                                                        
     9551   Gabszewicz, Jean J. & Poddar, Sougata.  Demand fluctuations 
            and capacity utilization under duopoly.  18p.               
     9556   Germain, Marc, Toint, Philippe L. & Tulkens, Henry.         
            International negotiations on acid rains in Northern Europe:
            a discrete time iterative process.  20p.                    
     9557   Heifetz, Aviad.  Infinitary S5-epistemic logic.  14p.       
     9560   Kneip, Alois & Simar, Leopold.  A general framework for     
            frontier estimation with panel data.  31p.                  
     9559   Michel, Philippe, Pestieau, Pierre & Vidal, Jean-Pierre.    
            Labor mobility and redistribution with evolving altruism:   
            the small economy case.  14p.                               
     9561   Simar, Leopold.  Aspects of statistical analysis in DEA-type
            frontier models.  13p.                                      
     9553   Vannetelbosch, Vincent J.  Two-person sequential bargaining 
            with boundedly rational players.  25p.                      
     9547   Vera, Jorge R.  Ill-posedness and quadratic programming:    
            stability and complexity issues.  30p.                      

     MACQUARIE UNIVERSITY.  Department of Economics.                    

     19/95  Horne, Jocelyn.  APEC, East Asia and Eastern Europe trade   
            linkages and issues.  27p.                                  
     17/95  O'Donnell, Rod.  The genesis of the only diagram in the     
            "General Theory".  17p.                                     

     UNIVERSITY OF MARYLAND.  Department of Economics.                  

     9515   Gleason, Suzanne.  The determinants of male/female survival 
            in India: theory and evidence.  46p.                        
     9514   Kelejian, Harry H. & Robinson, Dennis P.  A suggested test  
            for spatial autocorrelation and/or heteroskedasticity and   
            corresponding Monte Carlo results.  36p.                    
     9517   Oates, Wallace E.  The invisible hand in the public sector: 
            interjurisdictional competition in theory and practice.     
            34p.                                                        
     9516   Oates, Wallace E.  Taxation in a federal system: the        
            tax-assignment problem.  32p.                               

     UNIVERSITY OF MELBOURNE.  Department of Economics.                 

     499    Bakker, Alexander.  Extensions of the generalized least     
            squares frequency estimator.  19p.                          
     497    Henry, O.T.J.  A variance decomposition for the excess      
            return on Australian stocks.  12p.                          
     500    Lye, J.N. & McDonald, I.M.  Trade unions and the equilibrium
            rate of unemployment.  23p.                                 
     498    MacLaren, Donald.  Uncertainty aversion and technical       
            barriers to trade: an Australian example.  23p.             

     MICHIGAN STATE UNIVERSITY.  Department of Economics.               

     9507   Creane, Anthony.  Trade policy for when ignorance is bliss. 
            22p.                                                        
     9506   Gardecki, Rosella & Neumark, David.  Order from chaos: the  
            effects of early labor market experience on adult labor     
            market outcomes.  45p.                                      

     UNIVERSITAT MUNCHEN.  Volkswirtschaftliche Fakultat.               

     9513   Bauer, Thomas & Zimmermann, Klaus F.  Integrating the east: 
            the labor market effects of immigration.  52p.              
     9516   Bauer, Thomas & Zimmermann, Klaus F.  Network migration of  
            ethnic Germans.  9p.                                        
     9519   Heintel, Markus.  A Bayesian order determination procedure  
            for vector autoregressive processes.  8p.                   
     9517   Hillinger, Claude & Heintel, Markus.  Macroeconomic         
            forecasts of GDP levels and growth rates for the G-7        
            countries.  14p.                                            
     9512   Huber, Bernd.  The role of fiscal integration in a monetary 
            union.  33p.                                                
     9520   Riphahn, Regina T.  Disability retirement among German men  
            in the 1980s.  56p.                                         
     9515   Schlict, Ekkehart.  Hume's counterpoint: a chapter of       
            property.  32p.                                             
     9518   Scholten, Ulrich & Thum, Marcel.  Public pension and optimal
            immigration policy.  16p.                                   

     NATIONAL BUREAU OF ECONOMIC RESEARCH.  Working Papers.             

     5417   Agenor, Pierre-Richard & Aizenman, Joshua.  Wage dispersion 
            and technical progress.  36p.                               
     5405   Alston, Lee J., Libecap, Gary D. & Schneider, Robert.  The  
            determinants and impact of property rights: land titles on  
            the Brazilian frontier.  56p.                               
     5406   Angrist, Joshua D. & Evans, William N.  Schooling and labor 
            market consequences of the 1970 state abortion reforms.     
            51p.                                                        
     5416   Baldwin, Richard E. & Seghezza, Elena.  Testing for         
            trade-induced investment-led growth.  31p.                  
     5382   Basu, Susanto & Fernald, John G.  Aggregate productivity and
            the productivity of aggregates.  49p.                       
     5401   Bernstein, Jeffrey I. & Yan, Xiaoyi.  International R & D   
            spillovers between Canadian and Japanese industries.  27p.  
     5409   Bhattacharya, Jay, Garber, Alan M. & MaCurdy, Thomas.       
            Cause-specific mortality among Medicare enrollees.  22p.    
     5414   Chari, V.V., Kehoe, Patrick J. & McGrattan, Ellen R.  The    
            poverty of nations: a quantitative exploration.  67p.       
     5388   Currie, Janet.  Do children of immigrants make differential 
            use of public health insurance?.  41p.                      
     5393   Davis, Steven J. & Haltiwanger, John.  Employer size and the
            wage structure in U.S. manufacturing.  49p.                 
     5407   Edwards, Sebastian.  Public sector deficits and             
            macroeconomic stability in developing economies.  38p.      
     5394   Engel, Charles.  Accounting for U.S. real exchange rate     
            changes.  53p.                                              
     5395   Engel, Charles & Rogers, John H.  Regional patterns in the  
            law of one price: the roles of geography vs. currencies.    
            43p.                                                        
     5408   Favero, Carlo, Giavazzi, Francesco & Spaventa, Luigi.  High 
            yields: the spread on German interest rates.  48p.          
     5424   Feenstra, Robert C. & Hanson, Gordon H.  Globalization,     
            outsourcing, and wage inequality.  11p.                     
     5397   Feldstein, Martin.  The effect of a consumption tax on the  
            rate of interest.  31p.                                     
     5413   Feldstein, Martin.  The missing piece in policy analysis:   
            social security reform.  33p.                               
     5422   Frankel, Jeffrey A.  How well do foreign exchange markets   
            function: might a Tobin tax help?.  57p.                    
     5403   Froot, Kenneth A. & Stein, Jeremy C.  Risk management,      
            capital budgeting and capital structure policy for financial
            institutions: an integrated approach.  37p.                 
     5426   Griliches, Zvi.  Education, human capital, and growth: a    
            personal perspective.  26p.                                 
     5400   Hanson, Gordon H.  The effects of offshore assembly on      
            industry location: evidence from U.S. border cities.  35p.  
     5425   Hanson, Gordon H.  U.S.-Mexico integration and regional     
            economies: evidence from border-city pairs.  34p.           
     5399   Hanushek, Eric A. & Kim, Dongwook.  Schooling, labor force  
            quality, and economic growth.  46p.                         
     5412   Jian, Tianlun, Sachs, Jeffrey D. & Warner, Andrew M.  Trends
            in regional inequality in China.  41p.                      
     5391   Kaplow, Louis.  How tax complexity and enforcement affect   
            the equity and efficiency of the income tax.  26p.          
     5421   Kowalczyk, Carsten & Davis, Donald.  Tariff phase-outs:     
            theory and evidence from GATT and NAFTA.  36p.              
     5415   Krishna, Kala & Thursby, Marie.  Whither flat panel         
            displays?.  41p.                                            
     5402   Lamont, Owen.  Do "shortages" cause inflation?.  26p.       
     5418   Lichtenberg, Frank R.  The effect of pharmaceutical         
            utilization and innovation on hospitalization and mortality.
             29p.                                                       
     5385   Lipsey, Robert E., Blomstrom, Magnus & Ramstetter, Eric.    
            Internationalized production in world output.  112p.        
     5389   Margo, Robert A. & Finegan, T. Aldrich.  Changes in the     
            distribution of wages, 1940-1950: the public vs. the private
            sector.  37p.                                               
     5420   Nechyba, Thomas J.  A computable general equilibrium model  
            of intergovernmental aid.  33p.                             
     5419   Nechyba, Thomas J.  Local property and state income taxes:  
            the role of interjurisdictional competition and collusion.  
            29p.                                                        
     5392   O'Rourke, Kevin H. & Williamson, Jeffrey G.  Around the     
            European periphery 1870-1913: globalization, schooling and  
            growth.  67p.                                               
     5404   Sachs, Jeffrey D.  Reforms in Eastern Europe and the former 
            Soviet Union in light of the East Asian experiences.  71p.  
     5398   Sachs, Jeffrey D. & Warner, Andrew M.  Natural resource     
            abundance and economic growth.  47p.                        
     5411   Sinn, Hans-Werner.  The subsidiarity principle and market   
            failure in systems competition.  30p.                       
     5390   Stevens, Ann H.  Climbing out of poverty, fallng back in:   
            measuring the persistence of poverty over multiple spells.  
            56p.                                                        
     5381   Willard, Kristen L., Guinnane, Timothy W. & Rosen, Harvey S.
             Turning points in the Civil War: views from the greenback  
            market.  38p.                                               

     NEW YORK UNIVERSITY.  Center for Applied Economics.                

     9531   Frydman, Roman, Pistor, Katharina & Rapaczynski, Andrezej.  
            Investing in insider-dominated firms: a study of Russian    
            voucher privatization funds.  89p.                          
     9530   Goldberg, Michael D. & Frydman, Roman.  Imperfect knowledge 
            and behaviour in the foreign exchange market.  37p.         
     9532   Merlo, Antonio & Schotter, Andrew.  A surprise-quiz view of 
            learning in economic experiments.  30p.                     
     9533   Mitra, Tapan & Ok, Efe A.  On the measurement of economic   
            poverty.  29p.                                              

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

     9528   Chidambaran, N.K. & Figlewski, Stephen.  Streamlining Monte 
            Carlo simulation with the quasi-analytic method: an analysis
            of a path-dependent option strategy.  39p.                  
     9532   Economides, Nicholas.  The incentive of a multiproduct      
            monopolist to provide all goods.  5p.                       
     9533   Economides, Nicholas & Flyer, Frederick.  Technical         
            standards coalition for network goods.  32p.                
     9531   Grilli, Vittorio & Roubini, Nouriel.  Liquidity and exchange
            rates: puzzling evidence from the G-7 countries.  45p.      
     9530   Grilli, Vittorio & Roubini, Nouriel.  Liquidity models in   
            open economies: theory and empirical evidence.  15p.        
     9529   Lopomo, Guiseppe.  Optimality and robustness of the English 
            auction.  43p.                                              

     NEW YORK UNIVERSITY.  Stern School of Business.                    

     9521   Corsetti, Giancarlo & Roubini, Nouriel.  Politically        
            motivated fiscal deficits: policy issues in closed and open 
            economies.  46p.                                            
     9520   Katz, Barbara G. & Owen, Joel.  Optimal voucher             
            privatization fund bids: when bidding affects firm          
            performance.  27p.                                          
     9519   Wachtel, Paul.  Foreign banking in the Central European     
            economies in transition.  66p.                              

     NORWEGIAN SCHOOL OF ECONOMICS & BUSINESS ADMINISTRATION.           

     23/95  Baldwin, Richard E., Forslid, Rikard & Haaland, Jan I.      
            Investment creation and investment diversion: simulation    
            analysis of the single market programme.  35p.              
     22/95  Haaland, Jan I. & Wooton, Ian.  Anti-dumping jumping:       
            reciprocal anti-dumping and industrial location.  20p.      
     20/95  Maestad, Ottar.  Timber trade restrictions: the effect on   
            tropical deforestation.  29p.                               
     26/95  Pedersen, Karl R.  Aid and poverty alleviation: some        
            elementary lessons from principal-agent theory.  21p.       
     25/95  Pedersen, Karl R.  Aid, poverty alleviation and incentives. 
            22p.                                                        
     24/95  Pedersen, Karl R.  On the marginal cost of public funds and 
            the value of development aid.  31p.                         
     21/95  Tungodden, Bertil.  Poverty and ethics.  21p.               

     UNIVERSITY OF OTTAWA.  Department of Economics.                    

     9521   Grenier, Gilles.  Les gains des immigrants au Canada:       
            1970-1990.  16p.                                            
     9517   Lavoie, Marc.  The demand for loans creates the supply of   
            deposits: what then is the role of the demand for money?.   
            16p.                                                        
     9516   Lavoie, Marc.  Kaldor's Pasinetti theorem in a monetary     
            framework.  26p.                                            
     9518   Lavoie, Marc.  The neo-Pasinetti theorem in Cambridgian and 
            Kaleckian models of growth and distribution.  23p.          
     9519   Lavoie, Marc.  Real wages, employment structure and the     
            aggregate demand curve in a Kaleckian short-run model.  19p.
     9520   Seccareccia, Mario & Lavoie, Marc.  Central bank austerity  
            policy, zero-inflation targets and productivity growth in   
            Canada.  16p.                                               

     UNIVERSITY OF PENNSYLVANIA.  Center for Analytic Research in Econ. 

     9517   Green, Edward J. & Zhou, Ruilin.  A rudimentary model of    
            search with divisible money and prices.  18p.               
     9518   Kajii, Atsushi & Morris, Stephen.  The robustness of        
            equilibria to incomplete information.  49p.                 
     9516   Mailath, George J., Samuelson, Larry & Shaked, Avner.       
            Correlated equilibria and local iterations.  7p.            

     PRINCETON UNIVERSITY.  Industrial Relations Section.               

     355    Card, David, Kramarz, Francis & Lemieux, Thomas.  Changes in
            the relative structure of wages and employment: a comparison
            of the U.S., Canada, and France.  59p.                      
     356    Card, David & Hyslop, Dean.  Does inflation "grease the     
            wheels of the labor market?".  55p.                         
     357    Card, David & Krueger, Alan B.  Labor market effects of     
            school quality: theory and evidence.  66p.                  

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

     1082   Koksalan, Murat & Rizi, Oya.  A visual interactive approach 
            for multiple criteria decision making with monotone utility 
            functions.  18p.                                            

     SANTA FE INSTITUTE.  Economics Research Program.                   

     95-106 Lane, David & Maxfield, Robert.  Foresight, complexity, and 
            strategy.  22p.                                             

     UNIVERSITY OF SOUTHERN CALIFORNIA. Dept. of Econ-Anderson Series.  

     9516   Abdel-Latif, Abla M. & Nugent, Jeffrey B.  Export promotion 
            policies: transaction cost and export channel choices in    
            Egypt.  26p.                                                
     9520   Gomez, A. Victor M. & Nugent, Jeffrey B.  Old age security  
            and the roles of children, education, savings and pensions: 
            some findings from rural Costa Rica.  46p.                  
     9514   Kim, Linsu, Yhee, Seung-Jae & Nugent, Jeffrey B.            
            Transaction costs and export channel evaluations by Korean  
            SMEs.  28p.                                                 
     9521   Magill, Michael & Quinzii, Martine.  Which improves welfare 
            more: nominal or indexed bond?.  43p.                       
     9507   Mui, Vai-Lam.  Contracting in the shadows of a corrupt      
            court.  38p.                                                
     9508   Neumeyer, Pablo A.  Currencies and the allocation of risk:  
            the welfare effects of a monetary union.  31p.              
     9513   Nugent, Jeffrey B.  Capital flows to and from the United    
            States: past trends and future prospects.  64p.             
     9517   Nugent, Jeffrey & Sanchez, Nicholas.  The local variability 
            of rainfall and tribal institutions: the case of Sudan.     
            28p.                                                        
     9518   Nugent, Jeffrey & Glezakos, Constantine.  Relative price    
            variability, inflation rate uncertainty and postwar         
            investment of the United States.  14p.                      
     9509   Rosendorff, B. Peter.  Endogenous trade restrictions and    
            domestic political pressure.  28p.                          
     9512   Rosendorff, B. Peter.  Voluntary export restraints,         
            anti-dumping procedure and domestic policies.  46p.         
     9511   Rosendorff, B. Peter & Milner, Helen.  Democratic politics  
            and international trade negotiations: elections and divided 
            government as constraints on trade .  45p.                  
     9510   Rosendorff, B. Peter & Milner, Helen.  Trade negotiations,  
            information and domestic politics: the role of domestic     
            groups.  52p.                                               
     9519   Sanchez, Nicholas & Nugent, Jeffrey B.  A proposal for      
            breaking the policy gridlock over grazing and other uses of 
            public lands.  27p.                                         
     9515   Yano, Makoto, Nugent, Jeffrey B. & Lay, Ramsey N.  Aid,     
            non-traded goods and the transfer paradox in small          
            countries.  34p.                                            

     UNIVERSITY OF STOCKHOLM.  Department of Economics.                 

     95-5   Bohm, Peter.  Laboratory experiments with public goods:     
            misplaced emphasis?.  19p.                                  
     95-4   Lambert-Mogiliansky, Ariane.  Corruption and networks: an   
            example of multi-field contracts.  27p.                     

     TEL-AVIV UNIVERSITY.  Foerder Institute of Economic Research.      

     40/95  Ben-David, Dan.  Convergence clubs and diverging economies. 
            23p.                                                        
     41/95  Ben-David, Dan.  Measuring income convergence: an           
            alternative test.  16p.                                     
     42/95  Ben-David, Dan & Bohara, Alok K.  Trade liberalization and  
            income equalization: a long-run perspective.  15p.          
     39/95  Fershtman, Chaim & Gandal, Neil.  The effect of the Arab    
            boycott on Israel: the automobile market.  24p.             
     37/95  Pines, David.  Multiple private goods in clubs and local    
            public good economies: a unified approach.  29p.            
     38/95  Yafeh, Yishay & Yosha, Oved.  The strategic use of          
            relationship banking.  24p.                                 

     UNIVERSITY OF VIENNA.  Department of Economics.                    

     9505   Kirchsteiger, Georg & Puppe, Clemens.  On the formation of  
            political coalitions.  25p.                                 
     9504   Nehring, Klaus & Puppe, Clemens.  A qualitative theory of   
            "Preference for opportunities and diversity".  38p.         
     9506   Sorger, Gerhard.  Imperfect competition and capital         
            accumulation: the role of price normalization.  20p.        

     WASHINGTON UNIVERSITY-ST. LOUIS.  Center in Political Economy.     

     183    Hayes, David R. & Smith, Alastair.  The shadow of the polls:
            electoral effects on international agreements.  56p.        
     184    Nachbar, John H.  Prediction, optimization, and rational    
            learning in games.  35p.                                    
     185    Nachbar, John H., Peterson, Bruce & Hwang, Inhak.  Sunk     
            costs, accomodation, and the welfare effects of entry.  36p.
     186    Nixon, David, et al.  Multiparty probabilistic voting: an   
            application to the Knesset.  70p.                           

     WASHINGTON UNIVERSITY-ST. LOUIS.  Department of Economics.         

     199    Barnett, William A.  Fellow's opinion: econometrics, data,  
            and the World Wide Web.  5p.                                

     UNIVERSITY OF WESTERN ONTARIO.  Department of Economics.           

     9518   Border, Kim C. & Segal, Uzi.  Preferences over solutions to 
            the bargaining problem.  22p.                               
     9523   Horstmann, Ignatius J. & MacDonald, Glenn M.  Advertising as
            a signal of product quality: compact disc players.  31p.    
     9522   Horstmann, Ignatius J. & LaCasse, Chantale.  Secret reserve 
            prices in a bidding model with a re-sale option.  39p.      
     9521   Laidler, David E.W. & Stadler, George W.  Monetary          
            explanations of the Weimar Republic's hyperinflation: some  
            neglected contributions in contemporary German .  43p.      
     9520   Michelis, Leo.  Non-nested pretest tests.  25p.             
     9517   Segal, Uzi.  Dynamic consistency and reference points.  14p.
     9519   Segal, Uzi & Spivak, Avia.  First-order risk aversion and   
            non-differentiability.  7p.                                 

     UNIVERSITY OF WISCONSIN.  Social Systems Research Institute.       

     9514   Akdeniz, Levent & Dechert, W. Davis.  A numerical solution  
            of the stochastic growth model.  16p.                       
     9519   Bergman, Mats A.  Endogenous Stackelberg leadership or price
            competition under capacity constraint with endogenous entry.
             24p.                                                       
     9529   Binmore, Ken & Samuelson, Larry.  Evolutionary drift and    
            equilibrium selection.  42p.                                
     9517   Binmore, Ken, et al.  Hard bargains and lost opportunities. 
            34p.                                                        
     9521   Brock, William A. & Durlauf, Steven N.  Discrete choice with
            social interaction, I.  39p.                                
     9523   Brock, William A. & de Lima, Pedro J.F.  Nonlinear time     
            series, complexity theory, and finance.  65p.               
     9530   Brock, William A. & Hommes, Cars H.  A rational route to    
            randomness.  55p.                                           
     9520   Brock, W.A., et al.  A test for independence based on the   
            correlation dimension.  35p.                                
     9515   Calcagnini, Giorgio & Hester, Donald D.  Regulatory change  
            and bank profitability in Italy.  40p.                      
     9527   Che, Yeon-Koo & Gale, Ian.  Buyer alliances and managed     
            competition.  26p.                                          
     9524   Che, Yeon-Koo & Chung, Tai-Yeong.  Incomplete contracts and 
            cooperative investments.  32p.                              
     9516   Dechert, W. Davis, Sprott, Julien C. & Albers, David J.  On 
            the frequency of chaotic dynamics in large economies.  9p.  
     9525   Horowitz, Joel L. & Manski, Charles F.  Censoring of        
            outcomes and regressors due to survey nonresponse:          
            identification & estimation using weights & imputat.  40p.  
     9513   Jones, Larry E. & Manuelli, Rodolfo.  A positive model of   
            growth and pollution controls.  40p.                        
     9512   Kennen, John.  The elusive effects of minimum wages.  21p.  
     9528   LeBaron, Blake.  Experiments in evolutionary finance.  14p. 
     9526   Manski, Charles F. & Nagin, Daniel S.  Bounding             
            disagreements about treatment effects: a case study of      
            sentencing and recidivism.  43p.                            
     9518   Noldeke, Georg & Samuelson, Larry.  A dynamic model of      
            equilibrium selection in signalling markets.  32p.          
     9522   Shea, John.  Comovement in cities.  56p.                    

     COWLES FOUNDATION AT YALE UNIVERSITY.  Reprint Series.             

     902    Andrews, Donald W.K.  Nonparametric kernel estimation for   
            semiparametric models.                                   
     900    Blood, Deborah J. & Phillips, Peter C.B.  Recession headline
            news, consumer sentiment, the state of the economy and      
            presidential popularity: a time series analysis.               
     906    Cook, William, et al.  An implementation of the generalized 
            basis reduction algorithm for integer programming.       
     901    Dubey, Pradeep & Geanakoplos, John.  The value of money in a
            finite-horizon economy: a role for banks.               
     905    Phillips, Peter C.B.  Fully modified least squares and      
            vector autoregression.                                   
     903    Phillips, Peter C.B. & Loretan, Mico.  On the theory of     
            testing covariance stationarity under moment condition      
            failure.                                                 
     899    Tobin, James.  Democratic values and capitalist efficiency: 
            the liberal reconciliation.                             

     WASHINGTON UNIVERSITY.  CSAB.  Formal Publications (Pamphlets).    

     128    Clinton, Kenneth & Boerner, Christopher.  Smog in America:  
            the high cost of hysteria.  28p.                            

     YALE UNIVERSITY.  Economic Growth Center-Reprint Series.           

     501    Evenson, Robert E.  Research and extension impacts on food  
            crop production in Indonesia.                           
     503    Evenson, Robert E. & Westphal, Larry E.  Technological      
            change and technology strategy.                         
     504    Hamada  Koichi.  Behind the U.S./Japan trade conflict.  
     502    Hamada, Koichi.  Broadening the tax base: the economics     
            behind it.                                               
     505    Ranis, Gustav.  Another look at the East Asian miracle.  


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