New Acquisitions - January-February 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.                                                        

     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.    

     BANCO DE ESPANA.  Servicio de Estudios.                            

     9825   Andres, Javier, Hernando, Ignacio & Lopez-Salido, J. David. 
            The long-run effect of permanent disinflations.  55p.       

     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 and evidence in the
            Japanese stock market.  35p.                                
     99-3   Shimuzu, Tokiko & Ui, Takashi.  Contagious expectations and 
            malfunctions of markets: some lessons from Japanese         
            financial institution failures of 1.  21p.                  

     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.                                      

     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.                       

     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.                                 

     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.                                      
     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.                                                        

     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.                             
     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.                 
     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.                          

     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.                                          

     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.                
     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.                                         

     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 economics.  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.                                            
     1201   Nordhaus, William D. & Boyer, Joseph G.  Requiem for Kyoto: 
            an economic analysis of the Kyoto Protocol.  50p.           

     (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.          
     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.                    

     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.                       

     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.                          

     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.                          

     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.                                              

     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.     

     FEDERAL RESERVE BANK OF KANSAS CITY.  Research Division.           

     9807   Kozicki, Sharon & Tinsley, P.A.  Term structure views of    
            monetary policy.  32p.                                      

     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.
     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.                                                        

     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.                                    

     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.                                              

     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.                                                        

     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.                                           

     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.                                                        

     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.            

     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.                                              

     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.                   

     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.                          

     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.                       

     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.        

     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.                                        

     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.                       

     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.     

     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.                               

     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.                           

     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.                                                

     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, claims and
	    denials.  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.            
     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 on foreign exchange.  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.                   
     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.              
     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.                          

     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.                                           

     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.                                            

     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.                                     

     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.                                                
     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.                     

     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.                                   

     UNIVERSITAT POMPEU FABRA.  Economics Working Papers.               

     277    Argiles, Josep M.  Accounting information and the prediction
            of farm viability.  38p.                                    
     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 programming approach.  22p.              
     274    Pratap, Sangeeta & Rendon, Silvio.  Firm investment in      
            imperfect capital markets: a structural estimation.  51p.   

     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.                                 

     PRINCETON UNIVERSITY.  International Finance Section-Essays.       

     211    Williamson, John & Mahar, Molly.  A survey of financial     
            liberalization.  70p.                                       

     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.                              

     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.       

     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.                            

     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.                                                        

     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.                                         

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