New Acquisitions - January, 1995

                                                           PAGE   1


     UNIVERSITY OF ADELAIDE.  Department of Economics.                  

     94-2   Pincus, Jonathan.  James Buchanan's federalist papers.  8p. 

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

     62     Hay, Donald A. & Louri, Helen.  Demands for short term      
            assets and liabilities by U.K. quoted companies.  22p.      
     61     Pournarakis, Mike.  Inward foreign direct investment        
            activity in the European Union: integrating or              
            disintegrating effects?.  20p.                              

     BANCO DE ESPANA.  Servicio de Estudios.                            

     9427   Bover, Olympia & Arellano, Manuel.  Female labour force     
            participation in the 1980s: the case of Spain.  44p.        
     9428   Penalosa, Juan M.  The Spanish catching-up process: general 
            determinants and contributions of the manufacturing         
            industry.  68p.                                             

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

     277    Burguet, Roberto & Sakovics, Jozsef.  Reserve prices without
            commitment.  17p.                                           
     267    Creel, Michael D.  A semi-nonparametric distribution free   
            estimator for binary discrete responses.  36p.              
     265    Farell, Montserrat.  A Fourier cost model for the           
            deregulated U.S. airlines.  34p.                            
     259    Hamoudi, Hamid.  Equilibrium in the circle model with       
            concave transportation costs.  22p.                         
     269    Sakovics, Jozsef.  Mirage equilibria.  25p.                 

     BOSTON UNIVERSITY.  Department of Economics.                       

     33     Gonzalo, Jesus & Pitarakis, Jean-Yves.  Comovements in large
            systems.  42p.                                              

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

     54     Amann, Erwin & Yang, Chun-Lei.  The robustness of a         
            sophisticated mutant in an evolutionary model of            
            cooperation.  17p.                                          
     53     Yang, Chun-Lei.  Evolution of cooperation with a            
            knowledgeable mutant.  26p.                                 

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

     9412   Anbarci, Nejat.  Reference functions and balanced           
            concessions in bargaining.  11p.                            
     9413   Anbarci, Nejat.  Simple characterizations of the Nash and   
            Kalai Smordinsky solutions.  7p.                            
     9410   Holmes, James M. & Hutton, Patricia A.  Keynesian           
            involuntary unemployment and sticky nominal wages.  34p.    




                                                           PAGE   2

     9411   Morgan, Peter B.  A model of search, coordination and market
            segmentation.  35p.                                         

     CALIFORNIA INSTITUTE OF TECHNOLOGY.  Div. of the Human. & Soc. Sci.

     905    Alvarez, R. Michael.  Two-stage estimation of non-recursive 
            choice models.  36p.                                        
     902    Alvarez, R. Michael & Nagler, Jonathan.  Voter choice in    
            1992: economics, issues, and anger.  33p.                   
     886    Chander, Parkash & Tulkens, Henry.  The core of an economy  
            with multilateral environmental externalities.  21p.        
     901    Ordeshook, Peter C. & Zeng, Langche.  Rational voters and   
            strategic voting: evidence from the 1968, 1980, and 1992    
            elections.  28p.                                            
     903    Page, Scott E., Kollman, Ken & Miller, John H.  Landscape   
            formation in a spatial voting model.  28p.                  
     904    Sherstyuk, Katerina.  The formation of multiple teams.  45p.

     UNIVERSITY OF CALIFORNIA-SANTA BARBARA.  Department of Economics.  

     22/94  Crownover, Collin, Pippenger, John & Steigerwald, Douglas C.
             Testing for absolute purchasing power parity.  15p.        
     21/94  Funkhouser, Edward.  Changes in the returns to education in 
            Costa Rica.  40p.                                           
     25/94  Funkhouser, Edward.  Demand-side and supply-side            
            explanations for barriers to labor market mobility in       
            developing countries: the case of.  42p.                    
     20/94  Funkhouser, Edward.  Labor market adjustment to political   
            conflict: changes in the labor market in El Salvador during 
            the 1980s.  38p.                                            
     24/94  Funkhouser, Edward.  The sources of hourly earnings         
            variation in the large scale sector of Guatemala.  28p.     
     23/94  Funkhouser, Edward.  The urban informal sector in Central   
            America: household survey evidence.  59p.                   
     16/94  Shapiro, Perry & Deacon, Robert T.  Estimating the demand   
            for public goods: comments and extensions.  24p.            
     18/94  Shapiro, Perry & Petchey, Jeffrey.  Federal stability and   
            secession.  30p.                                            
     19/94  Petchey, Jeffrey & Shapiro, Perry.  "One people one         
            destiny": the concentration of power and conflicts of       
            interest in Australian federalism.  21p.                    
     17/94  Steigerwald, Douglas C.  Conditional heteroscedasticity     
            modeling in macroeconomics and finance.  6p.                

     UNIVERSITY OF CANTERBURY.  Department of Economics.                

     9407   Fountain, John, McCosker, Michael & Morris, Dean.  Are      
            people really risk seeking when facing losses?.  32p.       

     UNIVERSIDAD CARLOS III de MADRID.  Dept. de Economia.              

     9438   Diaz-Gimenez, Javier & Prescott, Edward C.  Real returns on 
            government debt: a general equilibrium quantitative         
            exploration.  24p.                                          




                                                           PAGE   3

     9434   Estrada, Javier.  Insider trading: regulation, securities   
            market, and welfare under risk neutrality.  29p.            
     9419   Franciosi, Robert, et al.  Experimental tests of the        
            endowment effect.  35p.                                     
     9433   Petrakis, Emmanuel.  Technology diffusion in a              
            differentiated industry.  19p.                              
     9436   Tena, Antonio.  The Spanish foreign sector 1885-1985: trends
            and structure.  25p.                                        

     (ENGLAND) CENTRE FOR ECONOMIC POLICY RESEARCH.                     

     1072   Audretsch, David B. & Elston, Julie Ann.  Does firm size    
            matter?: evidence on the impacts of liquidity constraints on
            firm investment behavior in Germany.  20p.                  
     1076   Barro, Robert J. & Sala-i-Martin, Xavier.  Quality          
            improvements in models of growth.  43p.                     
     1082   Bianchi, Marco & Zoega, Gylfi.  Unemployment persistence:   
            does the size of the shock matter?.  43p.                   
     1074   Canova, Fabio & Ravn, Morten O.  International consumption  
            risk sharing.  37p.                                         
     1068   Chadha, Bankim & Tsiddon, Daniel.  Inflation, nominal       
            interest rates and the variability of output.  36p.         
     1085   Decressin, Jorg & Fatas, Antonio.  Regional labor market    
            dynamics in Europe.  30p.                                   
     1078   De Fraja, Gianni.  Entry, pricing and incentives: the role  
            of regulatory commitment.  43p.                             
     1079   De Fraja, Gianni & Iossa, Elisabeth.  Competition,          
            regulation and managerial incentives.  34p.                 
     1073   De Grauwe, Paul.  Exchange rates in search of fundamental   
            variables.  22p.                                            
     1056   Dixit, Avinash & Londregan, John.  Redistributive politics  
            and economic efficiency.  23p.                              
     1069   Francois, Joseph F.  Labour force growth, trade, and        
            employment.  37p.                                           
     1067   Francois, Joseph F., McDonald, Bradley & Nordstrom, Hakan.  
            The Uruguay Round: a global general equilibrium assessment. 
            63p.                                                        
     1080   Helpman, Elhanan & Trajtenberg, Manuel.  A time to sow and a
            time to reap: growth based on general purpose technologies. 
            43p.                                                        
     1064   Lund, Diderik.  Can a small nation gain from introducing a  
            carbon tax early?.  44p.                                    
     1077   Mello, Antonio S. & Parsons, John E.  Auctions of shares    
            with a secondary market and tender offers.  32p.            
     1044   Messerlin, Patrick A.  Central European countries: trade    
            laws in the light of international experience.  30p.        
     1084   Rodrik, Dani.  Developing countries after the Uruguay Round.
             46p.                                                       
     1081   Snower, Dennis J.  Evaluating unemployment policies: what do
            the underlying theories tell us?.  49p.                     
     1086   Snower, Dennis J.  The simple economics of benefit          
            transfers.  40p.                                            
     1071   Van Reenen, John.  The creation and capture of rents: wages 
            and innovations in a panel of U.K. companies.  36p.         




                                                           PAGE   4

     1063   Ulph, Alistair & Ulph, David.  Trade, strategic innovation  
            and strategic environmental policy.  36p.                   

     FEDERAL RESERVE BANK OF ATLANTA.  Research Department.             

     9415   Espinosa, Marco & Russell, Steven.  Open market operations  
            with conventional, lasting real effects.  23p.              
     9413   Hu, Jie.  Market breakdowns and price crashes explained by  
            information ambiguity.  27p.                                
     9414   McAndrews, James & Roberds, William.  Banks, payments, and  
            coordination.  30p.                                         

     FEDERAL RESERVE BANK OF DALLAS.  Research Department.              

     9415   Haslag, Joseph H.  The effects of monetary policy in a model
            with reserve requirements.  41p.                            

     FEDERAL RESERVE BANK OF KANSAS CITY.  Research Division.           

     9407   Golob, John E.  Has inflation become more predictable?.     
            17p.                                                        
     9406   Hess, Gregory D., Jones, Christopher S. & Porter, Richard D.
             The predictive failure of the Baba, Hendry and Starr model 
            of the demand for M1 in the United States.  51p.            

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

     95     Cooley, Thomas F., Greenwood, Jeremy & Yorukoglu, Mehmet.   
            The replacement problem.  34p.                              
     96     Mahieu, Ronald & Schotman, Peter.  Stochastic volatility and
            the distribution of exchange rate news.  33p.               

     FEDERAL RESERVE BANK OF PHILDELPHIA.  Economic Research Division.  

     9422   Cooley, Thomas F., Hansen, Gary D. & Prescott, Edward C.    
            Equilibrium business cycles with idle resources and variable
            capacity utilization.  21p.                                 
     9420   McAndrews, James J. & Roberds, William.  Banks, payments,   
            and coordination.  31p.                                     
     9421   Voith, Richard.  Fares, service levels, and demographics:   
            what determines commuter rail ridership in the long run?.   
            33p.                                                        

     FEDERAL RESERVE BOARD.  Finance & Economics Discussion Series.     

     9436   Berger, Allen N. & Hannan, Timothy H.  The efficiency cost  
            of market power in the banking industry: a test of the      
            `quiet life' and related hypotheses.  41p.                  
     9435   Eaton, Jonathan & Kortum, Samuel.  International patenting  
            and technology diffusion.  42p.                             
     9434   Hess, Gregory D., Jones, Christopher S. & Porter, Richard D.
             The predictive failure of the Baba, Hendry and Starr model 
            of the demand for M1 in the United States.  51p.            

     FEDERAL RESERVE BOARD.  International Finance Papers.              

     489    Brunner, Allan D.  On the dynamic properties of asymmetric  
            models of real GNP.  21p.                                   
                                                           PAGE   5


     HARVARD UNIVERSITY.  Institute of Economic Research.               

     1701   Cooper, Richard N.  Foreign trade, wages, and unemployment. 
            35p.                                                        
     1700   Davis, Donald R.  Bilateral trade in a multilateral world:  
            is Heckscher-Ohlin trade North-South trade?.  26p.          
     1702   Harless, Andrew & Medoff, James.  Impending inflation:      
            indicators for today's economy.  24p.                       
     1696   Hart, Oliver & Moore, John H.  Debt and seniority: an       
            analysis of the role of hard claims in constraining         
            management.  54p.                                           
     1697   Kornai, Janos.  Lasting growth as the top priority:         
            macroeconomic tensions and government economic policy in    
            Hungary.  54p.                                              
     1698   Maskin, Eric & Tirole, Jean.  Markov perfect equilibrium.   
            46p.                                                        
     1699   Medoff, James L. & Harless, Andrew D.  "Jobs, stupid".  24p.
     1703   Tornell, Aaron & Velasco, Andres.  Fixed versus flexible    
            exchange rates: which provides more fiscal discipline?.     
            37p.                                                        

     HITOTSUBASHI UNIVERSITY.  Institute for Economic Research.         

     301    Boyer, Robert.  Wage austerity or/and an educational push:  
            the French dilemma.  43p.                                   
     298    Fujiki, Hiroshi & Kitamura, Yukinobu.  Feldstein-Horioka    
            paradox revisited.  19p.                                    
     299    Fukao, Kyoji.  Coordination faiures under incomplete        
            information and global games.  26p.                         
     300    Fukao, Kyoji, et al.  R & D investment and overseas         
            production: an empirical analysis of Japan's electric       
            machinery industry.  80p.                                   

     BANCA DE ITALIA.  Research Department.                             

     236    Bianchi, C., Cesari, R. & Panattoni, L.  Alternative        
            estimators of the Cox, Ingersoll and Ross model of the term 
            structure.  76p.                                            

     JOHNS HOPKINS UNIVERSITY.  Department of Political Economy.        

     334    Chiu, W. Henry & Karni, Edi.  Unemployment insurance:       
            endogenous adverse selection, delayed start policies and the
            role of the public sector.  28p.                            
     335    Detragiache, Enrica.  Externalities in technology diffusion,
            growth and trade.  35p.                                     

     UNIVERSITY OF KANSAS.  Department of Economics.                    

     9410   Hess, Gregory D. & Wilson, B. Kemp.  Reinterpreting excess  
            sensivitity with precautionary savings.  37p.               

     UNIVERSITY OF LONDON-BIRKBECK COLLEGE.  Department of Economics.   

     11/94  Ball, Michael & Wood, Andrew.  Housing investment: long-run 
            international trends and volatility.  31p.                  

                                                           PAGE   6

     13/94  Wall, Howard J.  Is military expenditure really a luxury    
            good?: an international panel study of LDCs.  10p.          
     12/94  Zoega, Gylfi.  Sunk costs as a source of unemployment       
            hysteresis.  24p.                                           

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

     9455   Bergin, James & Lipman, Bart.  Evolution with               
            state-dependent mutations.  19p.                            
     9456   Block, Francis & Ghosal, Sayantan.  Stable trading          
            structures in bilateral oligopolies.  24p.                  
     9448   Chander, Parkash & Tulkens, Henry.  A core-theoretic        
            solution for the design of cooperative agreements on        
            transfrontier pollution.  19p.                              
     9442   Cordella, Tito & Gabszewicz, Jean J.  "Nice" trivial        
            equilibria in strategic market games: a comment on          
            Dubey-Shubik (1978).  4p.                                   
     9452   Docquier, Frederic & Michel, Philippe.  Education subsidies 
            and endogenous growth: implications of demographic shocks.  
            26p.                                                        
     9444   Forges, Francois & Minelli, Enrico.  Self-fulfilling        
            mechanisms and rational expectations.  27p.                 
     9458   Forges, Francois & Minelli, Enrico.  Self-fulfulling        
            mechanisms in repeated games with incomplete information.   
            19p.                                                        
     9457   Gabszewicz, Jean J & Van Ypersele, Tanguy.  Social          
            protection and political competition.  22p.                 
     9453   Ferreira, Carlos E., et al.  The node capacitated graph     
            partitioning problem: a computational study.  34p.          
     9445   Grant, Simon & Kajii, Atsushi.  AUSI expected utility: an   
            anticipated utility theory of relative disappointment       
            aversion.  20p.                                             
     9449   Michel, Philippe & Pestieau, Pierre.  Fiscal policy in a    
            growth model with both altruistic and non altruistic agents.
             21p.                                                       
     9441   Ritter, Christian & Simar, Leopold.  Pitfalls of normal     
            gamma stochastic frontier models.  19p.                     
     9443   Rustichini, Aldo & Dreze, Jacques H.  State dependent       
            utility.  52p.                                              
     9450   Sneesens, Henri R. & Shadman-Mehta, Fatemeh.  Real wages,   
            skill mismatch and unemployment persistence.  40p.          
     9447   Tulkens, Henry & Malnero, Amador.  Nonparametric approaches 
            to the assessment of the relative efficiency of bank        
            branches.  24p.                                             
     9451   Vanden Eeckaut, Philippe & Wunsch, Pierre.  Noise vs.       
            inefficiency: evidence from mass transit.  22p.             
     9446   Ventura, Luigi.  A few remarks on imperfect competition with
            incompleteness of markets.  16p.                            
     9454   Wunsch, Pierre.  Cost and efficiency of major urban transit 
            systems in Europe.  29p.                                    

     UNIVERSITY OF MARYLAND.  Department of Economics.                  

     9409   Kiley, Michael.  Predicting tax rate changes: insights from 
            the permanent income hypothesis.  22p.                      



                                                           PAGE   7

     9410   Oates, Wallace E.  Green taxes: can we protect the          
            environment and improve the tax system at the same time?.   
            19p.                                                        

     UNIVERSITY OF MELBOURNE.  Department of Economics.                 

     443    Atkinson, M.E., Creedy, J. & Knox, D.M.  Planning retirement
            income in Australia: routes through the maze.  30p.         
     444    Creedy, J. & Martin, V.L.  Non-linear modelling using the   
            generalised exponential family.  26p.                       
     441    Hyde, C.E. & Perloff, J.M.  Can market power be estimated?. 
            39p.                                                        
     438    Ironmonger, D.S., Aitken, C.K. & Erbas, B.  Economies of    
            scale of energy use in adult only households.  14p.         
     442    Olekalns, Nilss.  The effect of nominal demand shocks on    
            manufacturing output: evidence from disaggregated Australian
            data.  27p.                                                 
     439    Olekalns, Nilss & Bardsley, Peter.  Rational addiction to   
            caffeine: an analysis of coffee consumption.  7p.           

     UNIVERSITY OF MICHIGAN.  Ctr. for Research on Econ & Social Theory.

     9414   Basu, Susanto & Li, David D.  Corruption and reform.  27p.  
     9412   Bergstrom, Theodore C.  Marriage markets and bargaining     
            between spouses.  14p.                                      
     9410   Bergstrom, Theodore C.  Primogeniture, monogamy and         
            reproductive success in a stratified society.  33p.         
     9411   Bergstrom, Theodore C.  On the economics of polygyny.  21p. 
     9413   Bergstrom, Theodore C.  A survey of theories of the family. 
            82p.                                                        
     9408   Chen, Yan.  Electoral systems, legislative process and      
            income taxation.  44p.                                      
     9409   McKie-Mason, Jeffrey W. & Varian, Hal R.  Pricing           
            congestible network resources.  22p.                        
     9415   O'Brien, Daniel P. & Shaffer, Greg.  Nonlinear supply       
            contracts, foreclosure, and exclusive dealing.  26p.        
     9416   Shaffer, Greg.  Rendering alternative offerings less        
            profitable with resale price maintenance.  30p.             

     UNIVERSITY OF MINNESOTA.  Center for Economic Research.            

     277    Jordan, J.S.  Management accounting in activity networks.   
            66p.                                                        
     278    Jordan, J.S., Anctil, Regina & Mukherji, Arijit.            
            Activity-based costing for economic value added.  61p.      

     MONASH UNIVERSITY.  Department of Econometrics.                    

     16/94  Franses, Philip H., et al.  Volatility patterns and         
            spillovers in bond futures.  25p.                           
     20/94  Fry, Tim R.L..  Advertising wearout in the Transport        
            Accident Commission road safety campaigns.  24p.            
     19/94  Hao, Kang & Inder, Brett.  A diagnostic test for structural 
            change in cointegrated regression models.  10p.             




                                                           PAGE   8

     17/94  Harris, Mark N. & Macquarie, Lachlan R.  A comparative study
            of introductory and undergraduate econometric textbooks.    
            27p.                                                        
     15/94  Lieberman, Offer & Matyas, Lazslo.  Improved estimation     
            procedures for nonlinear panel data models.  16p.           
     18/94  Maharaj, Elizabeth A.  A significance test for classifying  
            ARMA models.  23p.                                          

     NATIONAL BUREAU OF ECONOMIC RESEARCH.  Working Papers.             

     4917   Abowd, John M. & Margolis, David N.  High wage workers and  
            high wage firms.  71p.                                      
     4920   Baker, Laurence C.  Does competition from HMOs affect fee   
            for service physicians?.  55p.                              
     4934   Calomiris, Charles W. & Mason, Joseph R.  Contagion and bank
            failures during the Great Depression: the June 1932 Chicago 
            banking panic.  25p.                                        
     4935   Calomiris, Charles W. & Hanes, Christopher.  Historical     
            macroeconomics and American macroeconomic history.  82p.    
     4929   Costa, Dora L.  Health and labor force participation of     
            older men, 1900-1991.  31p.                                 
     4930   Currie, Janet, Gruber, Jonathan & Fischer, Michael.         
            Physician payments and infant mortality: evidence from      
            Medicaid fee policy.  33p.                                  
     4936   Dominitz, Jeff & Manski, Charles F.  Eliciting student      
            expectations of the returns to schooling.  36p.             
     4937   Dominitz, Jeff & Manski, Charles F.  Using expectations data
            to study subjective income expectations.  27p.              
     4931   Eaton, Jonathan & Kortum, Samuel.  International patenting  
            and technology diffusion.  42p.                             
     4922   Erikson, Christopher L. & Ichino, Andrea.  Wage             
            differentials in Italy: market forces, institutions, and    
            inflation.  44p.                                            
     4928   Flood, Robert P. & Rose, Andrew K.  Fixes: of the forward   
            discount puzzle.  11p.                                      
     4918   Freeman, Richard B. & Lazear, Edward P.  An economic        
            analysis of works councils.  40p.                           
     4924   Froot, Kenneth A. & Hines, James R.  Interest allocation    
            rules, financing patterns, and the operations of U.S.       
            multinationals.  48p.                                       
     4926   Grossman, Gene M. & Helpman, Elhanan.  Technology and trade.
             77p.                                                       
     4933   Gruber, Jonathan & Owings, Maria.  Physician financial      
            incentives and Cesarean section delivery.  48p.             
     4919   Hayashi, Fumio & Matsui, Akihiko.  A model of fiat money and
            barter.  26p.                                               
     4932   Hines, James R.  Taxes, technology transfer, and the R & D  
            activities of multinational firms.  36p.                    
     4927   Lipsey, Robert E.  Foreign-owned firms and U.S. wages.  51p.
     4923   Marston, Richard C.  Tests of three parity conditions:      
            distinguishing risk premia and systematic forecast errors.  
            34p.                                                        
     4921   Petersen, Mitchell A. & Rajan, Raghuram G.  The effect of   
            credit market competition on lending relationships.  46p.   




                                                           PAGE   9

     4916   Poterba, James M.  Government intervention in the markets   
            for education and health care: how and why?.  50p.          
     4939   Tauchen, Helen V. & Witte, Ann D.  The dynamics of domestic 
            violence: does arrest matter?.  13p.                        

     NATIONAL BUREAU OF ECONOMIC RESEARCH.  Technical Papers.           

     169    Diebold, Francis X. & Mariano, Roberto S.  Comparing        
            predictive accuracy.  33p.                                  
     119    Pakes, Ariel & McGuire, Paul.  Computing Markov perfect Nash
            equilibria: numerical implications of a dynamic             
            differentiated product model.  51p.                         

     UNIVERSITY OF NEW SOUTH WALES.  School of Economics.               

     9429   Athey, Susan, et al.  The allocation of decisions in        
            organisations.  37p.                                        
     9426   Chapman, Bruce & Piggott, John.  Costing the job compact.   
            34p.                                                        
     9434   Conlon, Robert M. & Perkins, John A.  First the parts, then 
            the units, and ultimately the completed car: the tariff &   
            automobile production in Australia.  26p.                   
     9427   Freedman, Craig & Kriesler, Peter.  Has the long run        
            Phillips curve turned horizontal?.  24p.                    
     9428   Gans, Joshua S.  Engendering change.  34p.                  
     9433   Gans, Joshua S.  Limited information, the possibility of    
            rational choice and the contingent valuation method.  17p.  
     9430   Kemp, Murray, Van Long, Ngo & Shimomura, Koji.  High youth  
            wages can generate cyclical and general unemployment.  17p. 
     9425   Monadjemi, Mehdi S.  Private and public spending: some      
            Australian evidence.  12p.                                  
     9432   Oxley, Deborah.  Selected for exile?: profiles of convict   
            women transported to New South Wales, 1826-40.  21p.        
     9431   Wan, Alan T.K & Yang, Minxian.  On the use of the F ratio in
            a misspecified model with an interval restriction.  14p.    

     NEW YORK UNIVERSITY.  Center for Applied Economics.                

     9427   Benoit, Jean-Pierre.  Color blind is not color-neutral:     
            disadvantage and affirmative action.  21p.                  
     9424   Bernanke, Ben, Gertler, Mark & Gilchrist, Simon.  The       
            financial accelerator and the flight to quality.  52p.      
     9430   Brams, Steven J., Taylor, Alan D. & Zwicker, William S.  Old
            and new moving kinfe schemes.  18p.                         
     9431   Dargay, Joyce & Gately, Dermot.  The response of world      
            energy and oil demand to income growth and changes in oil   
            prices.  36p.                                               
     9428   Fishburn, Peter C. & Brams, Steven J.  Minimal winning      
            coalitions in weighted majority voting games.  31p.         
     9423   Goldberg, Linda S. & Kolstad, Charles D.  Foreign direct    
            investment, exchange rate variability and demand            
            uncertainty.  26p.                                          
     9429   Gomory, Ralph E. & Baumol, William J.  Shares of world      
            output, economies of scale, and regions filled with         
            equilibria.  49p.                                           



                                                           PAGE  10

     9425   Jovanovic, Boyan & Nyarko, Yaw.  The transfer of human      
            capital.  41p.                                              
     9426   Nadiri, M. Ishaq & Mamuneas, Theofanis P.  Infrastructure   
            and public R & D investments, and the growth of factor      
            productivity in U.S. manufacturing industries.  23p.        

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

     9422   Ansari, Asim, Economides, Nicholas & Steckel, Joel.  The    
            max-min principle of product differentiation.  32p.         
     9425   Christensen, Bent J. & Prabhala, N.R.  On the dynamics and  
            information content of implied volatility: a bivariate time 
            series perspective.  43p.                                   
     9424   Economides, Nicholas.  The economics of networks.  36p.     
     9419   Economides, Nicholas.  Electronic call market trading.  22p.
     9418   Economides, Nicholas & White, Lawrence J.  One-way networks,
            two-way networks, compatibility, and antitrust.  26p.       
     9423   Economides, Nicholas.  Quality choice and vertical          
            integration.  15p.                                          
     9420   Economides, Nicholas & Heisler, Jeffrey.  Equilibrium fee   
            schedules in a monopolist call market.  30p.                
     9421   Economides, Nicholas & Lehr, William.  The quality of       
            complex systems and industry structure.  38p.               
     9417   White, Lawrence J.  Tying, banking, and antitrust: it's time
            for a change.  24p.                                         

     NEW YORK UNIVERSITY.  Stern School of Business.                    

     9424   Economides, Nicholas.  The economics of networks.  36p.     
     9423   Rousseau, Peter L.  Financial innovation, intermediation,   
            and long run growth.  39p.                                  
     9426   Stefanadis, Chris.  The economic role of the Japanese       
            intermarket Keiretsu.  28p.                                 
     9425   Yashiv, Eran.  Explaining the time path of unemployment: the
            differential role of growth, business cycles, search        
            intensity, and l.  64p.                                     

     NORWEGIAN SCHOOL OF ECONOMICS & BUSINESS ADMINISTRATION.           

     14/94  Tungodden, Bertil.  The concept of poverty and normative    
            reasoning.  41p.                                            
     16/94  Tungodden, Bertil.  The distribution problem and Rawlsian   
            reasoning.  24p.                                            
     17/94  Tungodden, Bertil.  On subgroup consistency in poverty      
            measurement.  14p.                                          
     15/94  Tungodden, Bertil.  Rationality, value, and well-being.     
            25p.                                                        

     OHIO STATE UNIVERSITY.  Department of Economics.                   

     9405   Ahn, Byung Chul.  Testing the null of stationarity in the   
            presence of structural breaks for multiple time series.     
            42p.                                                        
     9402   Crucini, Mario J.  On international and national dimensions 
            of risk sharing.  22p.                                      



                                                           PAGE  11

     9403   Crucini, Mario J. & Kahn, James.  Tariffs and aggregate     
            economic activity: lessons from the Great Depression.  47p. 
     9401   McCulloch, J. Huston.  Time series analysis of state-space  
            models with symmetric stable errors by posterior mode       
            estimation.  48p.                                           
     9406   Ogaki, Masao & Kakkar, Vikas.  Real exchange rates and      
            nontradables: a relative price approach.  52p.              
     9404   Viard, Alan D. & Jack, William.  Production efficiency and  
            the design of temporary investment incentives.  35p.        

     UNIVERSITY OF OTTAWA.  Department of Economics.                    

     9419   Bougrine, Hassam & Seccareccia, Mario.  Unemployment        
            compensation and unemployment: an analysis of the aggregate 
            demand side effects for post war Canada.  30p.              
     9423   Devlin, Rose Anne.  No-fault insurance as a rational        
            response to rate regulation.  27p.                          
     9422   Devlin, Rose Anne & Perrakis, Stylianos.  Legislating       
            competition in the Russian federation: a new challenge for  
            antitrust policy.  31p.                                     
     9418   Georges, Patrick.  A model of state-dependent target zone   
            entry.  31p.                                                
     9420   Grafton, R. Quentin & Devlin, Rose Anne.  Paying for        
            pollution: permits and charges.  36p.                       
     9421   LaCasse, Chantale & Plourde, Andre.  On the renewal of      
            concern for the security of oil supply.  29p.               
     9417   Ryan, David L., Plourde, Andre & Wang, Yu.  Oil price       
            asymmetries: fact or artifact?: residential oil price demand
            in Ontario, 1963-1992.  28p.                                

     UNIVERSITAT POMPEU FABRA.  Economics Working Papers.               

     90     Blake, John, Amat, Oriol & Clarke, Julia.  Management's     
            response to finance lease capitalization in Spain.  18p.    
     91     Bosch, Antoni & Sunder, Shyam.  Tracking the invisible hand:
            convergence of double auctions to competitive equilibrium.  
            34p.                                                        

     PRINCETON UNIVERSITY.  Industrial Relations Section.               

     337    Card, David & Krueger, Alan B.  The effect of the minimum   
            wage on shareholder wealth.  54p.                           
     339    Hyslop, Dean.  The covariance structure of intrafamily      
            earnings, rising inequality and family labor supply.  56p.  
     338    Park, Jin Heum.  Estimation of sheepskin effects and returns
            to schooling using the old and the new CPS measures of      
            educational atta.  21p.                                     

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

     1068   Allen, Jeffrey W., McConnell, John J. & Reed, Debra K.  Can 
            takeover losses explain spin-off gains?.  24p.              

     UNIVERSITE DU QUEBEC A MONTREAL.  Dept. des Sciences Economiques.  

     9408   Mohnen, Pierre.  The econometric approach to R & D          
            externalities.  48p.                                        

                                                           PAGE  12


     QUEEN'S UNIVERSITY.  Institute for Economic Research.              

     912    Beach, Charles M., Davidson, Russell & Slotave, George A.   
            Distribution-free statistical inference for inequality      
            dominance with crossing Lorenz curves.  16p.                
     911    Head, Allen & Lapham, Beverly.  Trigger strategies and the  
            cyclicality of markups.  27p.                               

     UNIVERSITY OF ROCHESTER.  Center for Economic Research.            

     395    McKenzie, Lionel W.  Equilibrium, trade, and capital        
            accumulation.  43p.                                         
     396    Thomson, William.  Concepts of implementation.  17p.        

     UNIVERSITY OF ROCHESTER.  Wallis Inst. of Political Economy.       

     1      Krusell, Per & Rios-Rull, Jose Victor.  What constitutions  
            promote capital accumulation?: a political economy approach.
             48p.                                                       

     UNIVERSITY OF SAARLAND.  Department of Economics.                  

     9405   Krebs, Susanne & Pommerehne, Werner W.  Politico-economic   
            interactions of German public performing arts institutions. 
            26p.                                                        
     9403   Pommerehne, Werner W. & Granica, J. Martin.  Aesthesic,     
            historical and financial aspects in the evaluation of visual
            arts.  24p.                                                 
     9407   Pommerehne, Werner W., Kirchgassner, Gebhard & Feld, Lars P.
             Tax harmonization and tax competition at state-local       
            levels: lessons from Switzerland for the European Union.    
            46p.                                                        

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

     94-2   Gilbert, Richard J. & Sunshine, Steven C.  Incorporating    
            dynamic efficiency concerns in merger analysis: the use of  
            innovation markets.  28p.                                   
     94-3   McCabe, Mark J.  Principals, agents, and the learning curve:
            the case of steam-electric power plant design and           
            construction.  20p.                                         
     94-1   Werden, Gregory J., Froeb, Luke M. & Tardiff, Timothy J.    
            The use of the logit model in applied industrial            
            organization.  25p.                                         

     UNIVERSITY OF VIENNA.  Department of Economics.                    

     9405   Dierker, Egbert & Grodal, Birgit.  Profit maximization      
            mitigates competition.  24p.                                
     9401   Fehr, Ernst, Gachter, Simon & Kirchsteiger, Georg.          
            Reciprocal fairness and noncompensating wage differentials. 
            57p.                                                        
     9306   Fehr, Ernst, Gachter, Simon & Kirchsteiger, Georg.          
            Reciprocity forces versus competitive forces: the impact of 
            entrance fees in an experimental efficiency wage market.    
            65p.                                                        

                                                           PAGE  13

     9307   Hochreiter, Eduard & Winckler, Georg.  The advantage of     
            tying Austria's hands: the success of the hard currency     
            strategy.  23p.                                             
     9403   Kerschbamer, Rudolf & Maderner, Nina.  Optimal contracts    
            with semiordered types.  33p.                               
     9404   Kirschsteiger, Georg & Puppe, Clemens.  Intransitive choice 
            based on transitive preferences: the case of menu-dependent 
            information.  23p.                                          
     9402   Nehring, Klaus & Puppe, Clemens.  Continuous extensions of  
            an order on a set to the power set.  26p.                   

     UNIVERSITY OF WARWICK.  Department of Economics.                   

     430    Masson, Paul R.  The credibility of the United Kingdom's    
            commitment to the ERM: intentions vs. actions.  36p.        
     429    Toivanen, Otto.  Oligopolistic services and cost function   
            estimation.  34p.                                           
     431    Vazquez, Jesus.  How high can inflation get during          
            hyperinflation?: a liquidity costs demand for money         
            approach.  34p.                                             

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

     182    Miller, Gary & Cook, Kathleen.  Leveling and leadership in  
            states and firms.  57p.                                     
     179    Schofield, Norman.  Coalition politics: a formal and        
            empirical analysis.  66p.                                   
     178    Schofield, Norman.  Multiparty electoral politics.  34p.    
     180    Schofield, Norman.  Research programs in preference and     
            belief aggregation.  25p.                                   
     177    Sened, Itai.  A model of coalition formation: theory and    
            evidence.  38p.                                             
     181    Smith, Alastair.  Diversionary foreign policy in democratic 
            systems.  38p.                                              

     WASHINGTON UNIVERSITY-ST. LOUIS.  Department of Economics.         

     193    Barnett, William A., et al.  Estimating policy-invariant    
            technology and taste parameters in the financial sector,    
            when risk & growth matter.  65p.                            

     UNIVERSITY OF WESTERN ONTARIO.  Department of Economics.           

     9420   Chung, Tai-Yeong.  Commitment through specific investment in
            contractual relationships.  45p.                            
     9422   Chung, Tai-Yeong.  Settlement of litigation under Rule 68:  
            an economic analysis.  40p.                                 
     9421   Cowan, Robin & Cowan, William.  Local externalities and     
            spatial equilibria: technological standardization and the   
            preservation of variety.  25p.                              
     9419   Cowan, Robin & Gunby, Philip.  Sprayed to death: pest       
            control strategies and technological lock-in.  26p.         
     9417   Laidler, David.  The emergence of the Phillips curve as a   
            policy menu.  34p.                                          




                                                           PAGE  14

     9418   Laidler, David & Robson, William.  Endogenous buffer stock  
            money.  35p.                                                

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