New Acquisitions - June, 1995


     UNIVERSITY OF ADELAIDE.  Department of Economics.                  

     95-1   Brennan, G. & Pincus, J.J.  A minimalist model of federal   
            grants and flypaper effects.  26p.                          

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

     9504   Alcalde, Jose.  Exchange-proofness or divorce-proofness?:   
            stability in one-sided matching markets.  20p.              
     9505   Alcalde, Jose.  Implementation of stable solutions to       
            marriage problems.  20p.                                    
     9509   Chatterji, Shurojit.  Temporary equilibrium dynamics with   
            Bayesian learning.  16p.                                    
     9502   Corchon, Luis & Wilkie, Simon.  Implementation of the       
            Walrasian correspondence by market games.  24p.             
     9501   Gines, Miguel & Marhuenda, Francisco.  Cost monotonic       
            mechanisms.  28p.                                           
     9503   Guillo, Maria D..  Terms-of-trade and the current account: a
            two-country/two-sector growth model.  32p.                  
     9506   Herrero, Carmen.  Capabilities and utilities.  40p.         
     9507   Sanchez, M. Carmen.  Rational choice on nonfinite sets by   
            means of expansion-contraction axioms.  28p.                
     9508   Sanchez, M. Carmen & Peris, Jose E.  Veto in fixed agenda   
            social choice correspondences.  32p.                        

     ASOCIACION SUDEUROPA DE ECONOMICA TEORICA.  Econ. Disc. Papers.    

     119    Aguirre, Inaki, Espinosa, Maria P. & Macho-Stadler, Ines.   
            Strategic entry deterrence through spatial price            
            discrimination.  27p.                                       
     123    Aubin, Christophe, et al.  Real-time pricing of electricity 
            demand: econometrics of an experiment.  22p.                
     133    Bajeaux, Isabelle & Rochet, Jean-Charles.  Dynamic spanning:
            are options an appropriate instrument?.  24p.               
     134    Caballe, Jordi & Pomansky, Alexey.  Mixed risk aversion.    
            32p.                                                        
     130    Campos e Cunha, Luis & Santos, Vasco.  Sleeping quotas,     
            pre-emptive quota bidding and monopoly power.  35p.         
     129    Cremer, Helmuth, De Rycke, Marc & Grimaud, Andre.           
            Alternative scenarios for the reform of postal services:    
            optimal pricing and welfare.  26p.                          
     127    Davidson, Russell & MacKinnon, James G.  Graphical methods   
            for investigating the size and power of hypothesis tests.   
            23p.                                                        
     135    Jouvet, Pierre Andre & Soubeyran, Antoine.  General         
            equilibrium and stability of the labour-managed firm in an  
            overlapping generations model.  7p.                         
     120    Laussel, Didier & Le Breton, Michel.  On the tax schedule   
            Nash equilibria of a fiscal competition game, part 1: the   
            case of a continuum of investors.  26p.                     
     121    Laussel, Didier & Le Breton, Michel.  On the tax schedule   
            Nash equilibria of a fiscal competition game, part 2: the   
            large investor's case.  19p.                                
     131    Lismont, Luc & Mongin, Philippe.  Belief closure: a         
            semantics of common knowledge for modal proposition logic.  
            31p.                                                        
     126    Macho-Stadler, Ines & Perez-Castrillo, J. David.  Optimal   
            auditing with heterogeneous income sources.  29p.           
     125    Maskin, Eric & Tirole, Jean.  Markov perfect equilibrium.   
            46p.                                                        
     122    Nunes, Luis C., Newbold, Paul & Kuan, Chung-Ming.           
            Consistent estimation of the number of breaks with dependent
            errors.  16p.                                               
     136    Pastorello, Sergio, Renault, Eric & Touzi, Nizar.           
            Statistical inference for random variance option pricing.   
            35p.                                                        
     132    Ponsati, Clara & Sakovics, Jozsef.  Mediation is necessary  
            for sequentially efficient bargaining.  27p.                
     128    Ponsati, Clara & Watson, Joel.  Multiple issue bargaining   
            and axiomatic solutions.  29p.                              
     124    Vazquez, Jesus.  How high can inflation get during          
            hyperinflation?: a liquidity costs demand for money         
            approach.  35p.                                             

     BANCO DE ESPANA.  Servicio de Estudios.                            

     9515   Restoy, Fernando & Weil, Philippe.  Approximate equilibrium 
            asset prices.  29p.                                         
     9517   Revenga, Ana L. & Bentolila, Samuel.  What affects the      
            employment rate intensity of growth?.  35p.                 

     BROWN UNIVERSITY.  Department of Economics.                        

     94-6   Andersen, Torben G. & Sorensen, Bent E.  GMM estimation of a
            stochastic volatility model: a Monte Carlo study.  67p.     
     9420   Canner, Niko, Mankiw, N. Gregory & Weil, David N.  An asset 
            allocation puzzle.  33p.                                    
     9423   Elul, Ronel.  Welfare effects of financial innovation in    
            incomplete markets economies with several consumption goods.
             50p.                                                       
     9422   Elul, Ronel.  Welfare-improving financial innovation with a 
            single good.  23p.                                          
     9417   Gozalo, Pedro L.  Nonparametric testing in high dimensional 
            spaces via data-dependent partitioning.  58p.               
     9427   Grossman, Herschel I. & Kim, Minseong.  Predation and       
            production.  18p.                                           
     9412   Grossman, Herschel I. & Kim, Minseong.  Swords or           
            plowshares?: a theory of the security of claims to property.
             25p.                                                       
     9424   Ho, Mun S. & Sorensen, Bent E.  Finding cointegration rank  
            in high dimensional systems using the Johansen test: an     
            illustration using data-based Mo.  18p.                     
     9425   Perraudin, William & Sorensen, Bent.  Modeling exchange     
            rates in continuous time: theory, estimation and option     
            pricing.  31p.                                              
     9426   Shimomura, Ken-Ichi.  Quasi-cores in bargaining sets.  22p. 
     9416   Spagat, Michael.  Human capital, instability and foreign    
            investment in transition economies.  27p.                   

     UNIVERSITY OF CALIFORNIA-LOS ANGELES.  Department of Economics.    

     722    Benhabib, Jess & Farmer, Roger E.A.  Indeterminacy and      
            sector-specific externalities.  25p.                        
     724    Bennett, Elaine, Maschler, Michael & Zame, William.  A      
            demand adjustment process.  20p.                            
     721s   Calcott, Paul.  Health plan competition and the costs of    
            employer provided health insurance.  29p.                   
     728    Cukierman, Alex & Tommasi, Mariano.  Why does it take a     
            Nixon to go to China?.  28p.                                
     730    Dick, Andrew R.  Explaining managed trade as rational       
            cheating.  28p.                                             
     731    Dick, Andrew R.  When are cartels stable contracts?.  53p.  
     729    Dick, Andrew R.  Where do cartels form?: antitrust screens  
            and the cost of cartel transactions.  36p.                  
     720    Farmer, Roger E.A. & Guo, Jang-Ting.  The econometrics of   
            indeterminacy: an applied study.  38p.                      
     727    Hirshleifer, Jack.  Theorizing about conflict.  46p.        
     723    Lal, Deepak.  The minimum wage.  29p.                       
     726    Somers, Harold M.  Retroactive taxation: a triumph of law   
            over economics?: United States vs. Carlton (1994).  18p.    
     725    Zame, W.R., Abramovich, Y.A. & Aliprantis, C.D.  A          
            representation theorem for Riesz spaces and its applicatios 
            to economics.  11p.                                         

     UNIVERSITY OF CALIFORNIA-SAN DIEGO.  Department of Economics.      

     9233   Bagwell, Kyle & Ramey, Garey.  Advertising as information:  
            matching products to buyers.  33p.                          
     9245   Bagwell, Kyle & Ramey, Garey.  The Diamond paradox: a       
            dynamic resolution.  38p.                                   
     9229   Blume, Andreas, Kim, Yong-Gwan & Sobel, Joel.  Evolutionary 
            stability in games of communication.  34p.                  
     9246   Chen, Xiaohong & White, Halbert.  Asymptotic properties of  
            some projection-based Robbins-Monro procedures in a Hilbert 
            space.  49p.                                                
     9235   Chen, Xiaohong & White, Halbert.  Central limit and         
            functional central limit theorems for Hilbert space-valued  
            dependent processes.  42p.                                  
     9241   Den Haan, Wouter J.  Convergence in stochastic models: the  
            importance of the share of capital in GNP in the presence of
            productivity sho.  22p.                                     
     9230   Den Haan, Wouter J. & Marcet, Albert.  Accuracy in          
            simulations.  29p.                                          
     9231   Eitrheim, Oyvind.  Inference in small cointegrated systems: 
            some Monte Carlo results.  69p.                             
     9244r  Engle, Robert F. & Lee, Gary G.J.  A permanent and          
            transitory component model of stock return volatility.  29p.
     9249   Engle, Robert, et al.  Short-run forecasts of elctricity    
            loads and peaks.  51p.                                      
     9252   Flores de Frutos, Rafael & Pereira, Alfredo M.  Testing     
            theories of economic fluctuations and growth in early       
            development (the case of the Chesapeake Tobacco Company.  28p.
     9227   Gaspar, Vitor & Pereira, Alfredo M.  A dynamic general      
            equilibrium analysis of E.C. structural funds (with an      
            application to Portugal).  60p.                             
     9253r  Granger, Clive W.J. & Swanson, Norman R.  An introduction to
            stochastic unit root processes.  34p.                       
     9242r  Groves, Theodore.  Two essays on voting procedures and the  
            budget deficit: `A theorem of voting rules & budget         
            deficits' & `Solving th.  21p.                              
     9236   Groves, Theodore, et al.  China's evolving managerial labor 
            market.  29p.                                               
     9248   Groves, Theodore, Stinchcombe, Maxwell B. & Viladrich,      
            Montserrat.  Optimal monitoring of oil spills: control in a 
            stochastic, dynamic context.  41p.                          
     9251   Konishi, Toru & Granger, C.W.J.  Separation in cointegrated 
            systems.  55p.                                              
     9238   Lin, Wen-Ling, Engle, Robert F. & Ito, Takatoshi.  Do bulls 
            and bears move across borders?: international transmission  
            of stock returns and volatility as the world tu.  38p.      
     9240   Nishimura, Kazuo & Raut, Lakshmi K.  Family expansion and   
            capital accumulation of a dynasty.  24p.                    
     9243   Osang, Thomas & Pereira, Alfredo.  Human capital            
            accumulation and the dynamic effects of international trade.
             32p.                                                       
     9228   Rauch, James E.  Balanced and unbalanced growth.  47p.      
     9254   Raut, Lakshmi K.  Subgame perfect manipulation of children  
            by overlapping generations of agents with two-sided altruism
            and endogenou.  29p.                                        
     9237   Raut, Lakshmi K. & Srinivasan, T.N.  Theories of long-run   
            growth: old and new.  32p.                                  
     9232   Shen, Pu & Starr, Ross M.  Liquidity of the Treasury bill   
            market and the term structure of interest rates.  25p.      
     9247   Sin, Chor-Yiu & White, Halbert.  Information criteria for   
            selecting possibly misspecified parametric models.  57p.    
     9234   Stinchcombe, Maxwell B.  When approximate results are       
            enough: the use of nonstandard versions of infinite sets in 
            economics.  39p.                                            
     9250   Swanson, Norman R. & Granger, C.W.J.  Impulse response      
            functions based on a causal approach to residual            
            orthogonalizations in vector autoregressions.  42p.         
     9239   Swanson, Norman R. & White, Halbert.  A model selection     
            approach to assessing the information in the term structure 
            using linear models and artificial ne.  44p.                

     UNIVERSITY OF CALIFORNIA-SANTA BARBARA.  Department of Economics.  

     4/95   Funkhouser, Edward.  A profile of Salvadoran emigration.    
            44p.                                                        
     3/95   Linton, Oliver B. & Steigerwald, Douglas G.  Adaptive       
            testing in ARCH models.  43p.                               
     5/95   Shapiro, Perry & Petchey, Jeff.  The welfare economics of   
            environmental regulatory authority: two parables on state   
            vs. federal control.  23p.                                  

     UNIVERSITY OF CANTERBURY.  Department of Economics.                

     9504   Walker, Paul.  An outline of the history of game theory.    
            24p.                                                        

     UNIVERSITY OF COPENHAGEN.  Institute of Economics.                 

     9503   Hansen, Henrik & Warne, Anders.  Common trends analysis of  
            Danish unemployment.  52p.                                  

     COWLES FOUNDATION FOR RESEARCH IN ECONOMICS AT YALE UNIVERSITY.    

     1096   Buchinsky, Moshe & Hah, Jinyong.  Quantile regression model 
            with unknown censoring point.  35p.                         
     1091   Fair, Ray C. & Howrey, E. Philip.  Evaluating alternative   
            monetary policy rules.  25p.                                
     1095   Quint, Thomas & Shubik, Martin.  A bound of the number of   
            Nash equilibria in a coordination game.  8p.                
     1094   Quint, Thomas, Shubik, Martin & Yan, Dicky.  Dumb bugs and  
            bright noncooperative players: games, context and behavior. 
            31p.                                                        
     1092   Shiller, Robert J.  Conversation, information, and herd     
            behavior.  13p.                                             
     1093   Tobin, James.  An overview of the general theory.  39p.     

     (ENGLAND) CENTRE FOR ECONOMIC POLICY RESEARCH.                     

     1168   Aiginger, Karl, Winter-Ebmer, Rudolf & Zweimuller, Josef.   
            East European trade and the Austrian labor market.  26p.    
     1137   Artis, Michael J., Kontolemis, Zenon G. & Osborn, Denise R. 
            Classical business cycles for G7 and European countries.    
            52p.                                                        
     1172   Bayoumi, Tamim & Prasad, Eswar.  Currency unions, economic  
            fluctuations, and adjustment: some empirical evidence.  30p.
     1179   Buiter, Willem H. & Kletzer, Kenneth M.  Capital mobility,  
            fiscal policy and growth under self-financing of human      
            capital formation.  43p.                                    
     1154   Carraro, Carlo & Siniscalco, Domenico.  R & D cooperation   
            and the stability of international environmental agreements.
             28p.                                                       
     1164   Chen, Zhaohui.  Speculative market structure and the        
            collapse of an exchange rate mechanism.  32p.               
     1163   Cohen, Daniel.  Tests of the `convergence hypothesis': some 
            further results.  25p.                                      
     1148   Currie, David, Levine, Paul & Pearlman, Joseph.  Can        
            delegation be counterproductive?: the choice of             
            `conservative' bankers in open economies.  44p.             
     1174   de Boissieu, Christian, Cohen, Daniel & de Pontbriand, Gael.
             Russion enterprise in transition.  30p.                    
     1184   Dolado, Juan J. & Jimeno, Juan F.  Why is Spanish           
            unemployment so high?.  34p.                                
     1169   Erkel-Rousse, Helene & Melitz, Jacques.  New empirical      
            evidence on the costs of European Monetary Union.  25p.     
     1145   Halpern, Laszlo & Wyplosz, Charles.  Equilibrium real       
            exchange rates in transition.  56p.                         
     1151   Heady, Christopher & Smith, Stephen.  Tax and benefit reform
            in the Czech and Slovak Republics.  40p.                    
     1138   Jappelli, Tullio, Pischke, Jorn-Steffen & Souleles,         
            Nicholas.  Testing for liquidity constraints in Euler       
            equations with complementary data sources.  41p.            
     1175   Karp, Larry & Sioli, Lucy.  Vertically related markets and  
            trade policy in a bargaining framework.  38p.               
     1180   Morales, Antonio J. & Padilla, A. Jorge.  Designing         
            institutions for international monetary policy coordination.
             34p.                                                       
     1146   Mulligan, Casey B. & Sala-i-Martin, Xavier.  A labour-income
            based measure of the value of human capital: an application 
            to the states of the United States.  66p.                   
     1149   Mulligan, Casey B. & Sala-i-Martin, Xavier.  Measuring      
            aggregate human capital.  53p.                              
     1167   Newbery, David M.  Tax and benefit reform in Central and    
            Eastern Europe.  15p.                                       
     1140   Quah, Danny T.  Empirics for economic growth and            
            convergence.  27p.                                          
     1153   Quah, Danny T. & Vahey, Shaun P.  Measuring core inflation. 
            24p.                                                        
     1160   Saint-Paul, Gilles.  Demand-driven financial development.   
            20p.                                                        
     1155   Sinn, Hans-Werner.  Factor price distortions and public     
            subsidies in East Germany.  40p.                            
     1176   Snower, Dennis J. & Karanassou, Marika.  A contribution to  
            unemployment dynamics.  19p.                                
     1170   von Hagen, Jurgen & Hammond, George W.  Regional insurance  
            against asymmetric shocks: an empirical study for the       
            European Community.  33p.                                   
     1139   Zeira, Joseph.  Workers, machines and economic growth.  31p.

     ERASMUS UNIVERSITY.  Institute for Economic Research.              

     9402   Klomp, Luuk & Thurik, Roy.  The growth of firms in Dutch    
            services.  31p.                                             

     FEDERAL RESERVE BANK OF MINNEAPOLIS.  Research Department.         

     191    McGrattan, Ellen, Rogerson, Richard & Wright, Randall.  An  
            equilibrium model of the business cycle with household      
            production and fiscal policy.  28p.                         

     FEDERAL RESERVE BANK OF PHILDELPHIA.  Economic Research Division.  

     95-4   Allen, Franklin & Gale, Douglas.  Financial markets,        
            intermediaries, and intertemporal smoothing.  36p.          
     95-6   Allen, Franklin & Gale, Douglas.  Universal banking,        
            intertemporal risk smoothing, and European financial        
            integration.  20p.                                          
     95-7   Calem, Paul & Stutzer, Michael.  The simple analytics of    
            observed discrimination in credit markets.  37p.            
     95-9   Casteneda, Ana, Diaz-Gimenez, Javier & Rios-Rull,           
            Jose-Victor.  Unemployment spells and income distribution   
            dynamics.  38p.                                             
     95-5   Hopper, Gregory P.  The dynamics of the exchange rate under 
            a crawling peg regime: a game theory approach.  60p.        
     95-8   Hughes, Joseph P., et al.  Recovering technologies that     
            account for generalized managerial preferences: an          
            application to non-risk neutral ban.  34p.                  

     FEDERAL RESERVE BOARD.  Finance & Economics Discussion Series.     

     9518   Acharya, Sankarshan.  Charter value, minimum bank capital   
            requirement and deposit insurance pricing in equlibrium.    
            27p.                                                        
     9516   Acharya, Sankarshan.  Debtholders' option to walk out of a  
            bankruptcy process, degree of diversification and multi-tier
            capital structure.  46p.                                    
     9515   Acharya, Sankarshan.  Efficient resolution of moral hazard  
            under no arbitrage: risk premium, volatility and leverage.  
            40p.                                                        
     9514   Fallick, Bruce C.  A review of the recent empirical         
            literature on displaced workers.  46p.                      
     9511   Kupiec, Paul H. & O'Brien, James M.  The use of bank trading
            risk models for regulatory capital purposes.  21p.          
     9512   Mattey, Joe & Strongin, Steve.  Factor utilization and      
            margins for adjusting output: evidence from manufacturing   
            plants.  38p.                                               
     9513   Passmore, Wayne & Sparks, Roger.  Putting the squeeze on a  
            market for lemons: government sponsored mortgage            
            securitization.  31p.                                       
     9517   Schmitt-Grohe, Stephanie.  Comparing four models of         
            aggregate fluctuations due to self-fulfilling expectations. 
            60p.                                                        

     FEDERAL RESERVE BOARD.  International Finance Papers.              

     508    Swagel, Philip.  Import prices and the competing goods      
            effect.  30p.                                               
     509    Uribe, Martin.  Hysteresis in a simple model of currency    
            substitution.  24p.                                         

     HARVARD UNIVERSITY.  Institute of Economic Research.               

     1713   Campbell, John Y.  Some lessons from the yield curve.  33p. 
     1716   Chamberlain, Gary & Imbens, Guido W.  Semiparametric        
            applications of Bayesian inference.  60p.                   
     1718   Grenadier, Steven R. & Hall, Brian J.  Risk-based capital   
            standards and the riskiness of bank portfolios: credit and  
            factor risks.  41p.                                         
     1719   Griliches, Zvi & Mairesse, Jacques.  Production functions:  
            the search for identification.  39p.                        
     1717   Krishna, Vijay & Sjostrom, Tomas.  On the convergence of    
            fictitious play.  34p.                                      
     1712   Kwoka, John E.  Public vs. private ownership and economic   
            performance: evidence from the U.S. eletric power industry. 
            37p.                                                        
     1720   Lane, Philip R. & Tornell, Aaron.  Power concentration and  
            growth.  40p.                                               
     1715   Sachs, Jeffrey D. & Warner, Andrew M.  Economic convergence 
            and economic policies.  47p.                                
     1714   Sicular, Terry.  Why quibble about quotas?: the effects of  
            planning in rural China.  39p.                              

     HEBREW UNIV. Center for Rationality & Interactive Decision Theory. 

     71     Bar-Hillel, Maya & Neter, Efrat.  Why are people reluctant  
            to exchange lottery tickets?.  26p.                         
     70     Mertens, Jean-Francois & Zamir, Shmuel.  Incomplete         
            information games and the normal distribution.  39p.        
     73     Rapoport, Amnon, Seale, Darryl A. & Sundali, James A.  Tacit
            coordination in large groups: tests of the equilibrium      
            solution.  56p.                                             
     74     Rothenstein, Daniel.  A two-period pollution safeguards game
            with n operators.  44p.                                     
     72     Sundali, James A., Rapoport, Amnon & Seale, Darryl A.       
            Coordination in market entry games with asymmetric players. 
            46p.                                                        

     HITOTSUBASHI UNIVERSITY.  Institute for Economic Research.         

     304    Fukuda, Shin-ichi.  Moral hazard in an insurance market and 
            the optimum quantity of money.  17p.                        
     307    Fukuda, Shin-ichi.  The structural determinants of invoice  
            currencies in Japan: the case of foreign trades with East   
            Asian countries.  28p.                                      
     306    Verma, P.C.  India's international trade in services.  28p. 
     305    Zaitsev, Valery.  Economic reforms in Russia and Japan's    
            experience in post-war economic development.  24p.          

     INSTITUT NATIONAL DE LA STATISTIQUE ET DES ETUDES ECONOMIQUES.     

     9526   Aubin, C., et al.  An econometric analysis of a real-time   
            pricing of electricity experiment.  21p.                    
     9523   Caillaud, B., Jullien, B. & Picard, P.  National vs.        
            European industrial policies: bargaining, information and   
            coordination of incentives.  30p.                           
     9517   Calinski, T. & LeJeune, M.  Factor analysis of matrices with
            aplications to multivariate analysis of variance.  31p.     
     9520   Curien, N., Jullien, B. & Rey, P.  Pricing regulation under 
            bypass competition.  52p.                                   
     9524   Dormont, B.  Looking for labor demand heterogeneity.  19p.  
     9516   Erkel-Rousse, H. & Melitz, J.  New empirical evidence on the
            costs of European Monetary Union.  25p.                     
     9522   Jullien, B. & Picard, P.  A classical model of involuntary  
            unemployment: efficiency wages and macroeconomic policy.    
            31p.                                                        
     9518   Kramarz, F., Lolliver, S. & Pele, L.P.  Wage inequalities   
            and firm-specific compensation policies in France.  24p.    

     UNIVERSITY OF IOWA.  Department of Economics.                      

     9504   Blume, Andreas.  Evolutionaty stability in sender-receiver  
            games with partial common interest.  11p.                   
     9420   Blume, Andreas, et al.  Evolution of the meaning of messages
            in sender-receiver games: an experiment.  52p.              
     9416   Bowlus, Audra J., Kiefer, Nicholas M. & Neumann, George R.  
            Estimation of equilibrium wage distributions with           
            heterogeneity.  30p.                                        
     9421   Chatterjee, Satyajit & Corbae, Dean.  Money and finance in a
            model of costly commitment.  43p.                           
     9406   Daughety, Andrew F. & Reinganum, Jennifer F.  Keeping       
            society in the dark: on the admissibility of pretrial       
            negotiations as evidence in court.  38p.                    
     9417   Daughety, Andrew F. & Reinganum, Jennifer F.  Product       
            safety: liability, R & D and signaling.  42p.               
     9418   DeJong, David N., Ingram, Beth F. & Whiteman, Charles H.    
            Beyond calibration.  21p.                                   
     9506   DeJong, David N., Ingram, Beth F. & Whiteman, Charles H.    
            Keynes vs. Prescott and Solow: identifying sources of       
            business cycle fluctuations.  19p.                          
     9413   Eden, Benjamin.  Inflation and price adjustment: an analysis
            of micro data.  32p.                                        
     9414   Eden, Benjamin & Horowitz, Joel L.  Inventories in a        
            competitive environment: an empirical study of a housing    
            market.  36p.                                               
     9419   Eden, Benjamin & Horowitz, Joel L.  Sequential trade, search
            externalities and inventories: do houses sell faster in     
            thick markets?.  27p.                                       
     9410   Horowitz, Joel L. & Manski, Charles F.  Joint censoring of  
            regressors and outcomes: survey nonresponse and attrition.  
            17p.                                                        
     9507   Ingram, Beth F. & Savin, N.E.  Using macroeconomic data to  
            measure nonmarket activity.  24p.                           
     9423   Kim, Yong-Gwan.  Evolutionary analyses of tacit             
            communication in Van Huyck, Battalio, and Bell's game       
            experiments.  39p.                                          
     9425   Kim, Yong-Gwan.  Status signalling game in the animal       
            contest.  30p.                                              
     9426   Kim, Yong-Gwan & Oh, Jeong Hun.  Symmetry and subgame       
            consistency in Harsanyi and Selten's solution for games.    
            41p.                                                        
     9502   Kocherlakota, Narayana R.  Consumption, commitment, and     
            cycles.  33p.                                               
     9503   Kocherlakota, Narayana R. & Savin, N.E.  Confidence         
            intervals for the sample mean of overdifferenced data.  10p.
     9424   McCutcheon, Barbara.  Do meetings in smoke-filled rooms     
            facilitate collusion?.  26p.                                
     9415   Markatou, Marianthi & Horowitz, Joel L.  Robust scale       
            estimation in the error components models using the         
            empirical characteristic function.  28p.                    
     9411   Sadka, Joyce C. & Yi, Kei-Mu.  Consumer durables, the terms 
            of trade and the U.S. trade deficit.  16p.                  
     9508   Silvapulle, Param.  A score test for seasonal fractional    
            integration and cointegration.  21p.                        
     9501   Williamson, Stephen D.  Discount window lending and deposit 
            insurance.  35p.                                            

     IOWA STATE UNIVERSITY.  Department of Economics.                   

     36     Tesfatsion, Leigh.  A trade network game with endogenous    
            partner selection.  53p.                                    

     LA TROBE UNIVERSITY.  Department of Economics.                     

     9415   Frost, Warwick.  Government, farmers and the environment:   
            Australia's wet frontier, 1870-1920.  20p.                  
                                                           PAGE  10

     9406   Haszler, Henry.  Australia's wool policy debacle: continuing
            government failure.  23p.                                   
     9414   Konya, Laszlo.  A clay-clay and a putty-clay vintage model. 
            28p.                                                        
     9413   Konya, Laszlo.  Equilibrium in a clay-clay or putty-clay    
            economy.  17p.                                              
     9412   Konya, Laszlo.  Introduction into the theory of vintage     
            models.  17p.                                               
     9405   Schneider, Michael.  The role of Hobson in the emergence of 
            the marginal productivity theory of distibution.  34p.      

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

     9501   Bacchetta, Philippe & Ballabriga, Fernando.  The impact of  
            monetary policy and bank lending: some international        
            evidence.  40p.                                             
     9503   Neven, Damien & Seabright, Paul.  Trade liberalization and  
            the coordination of competition policy.  30p.               

     UNIVERSITY OF MARYLAND.  Center for International Economics.       

     9      Bartolini, Leonardo & Drazen, Allan.  Capital account       
            liberalization as a signal.  34p.                           
     10     Dhar, Sumana & Panagariya, Arvind.  Is East Asia less open  
            than North America and the EEC?.  37p.                      
     11     Lopez, Ramon & Panagariya, Arvind.  The Lerner symmetry     
            theorem and other results in the presence of quantitative   
            restrictions.  19p.                                         
     13     Mendoza, Enrique R. & Tesar, Linda L.  Supply-side economics
            in a global economy.  58p.                                  
     12     Panagariya, Arvind.  The free trade area of the Americas:   
            good for Latin America?.  42p.                              

     MONASH UNIVERSITY.  Department of Economics.                       

     3/95   Berliant, Marcus & Gouveia, Miguel.  On the political       
            economy of income taxation.  45p.                           
     30/94  Goss, Barry A. & Aysar, S. Gulay.  Price determination and  
            forecasting in the Australian (non-storable) live cattle    
            market.  36p.                                               
     4/95   Lavoie, Marc.  Interest rates in post-Keynesian models of   
            growth and distribution.  36p.                              
     1/95   Maddock, Rodney.  Access to essential facilities:           
            implementing Hilmer.  32p.                                  
     2/95   Smyth, Russell.  Estimating the deterrent effect of         
            punishment using New South Wales local court data.  34p.    
     5/95   Wen, Mei.  An analytical framework of producer-consumers,   
            economies of specialization and transportation costs.  13p. 

     UNIVERSITE DE MONTREAL.  Departement de Sciences Economiques.      

     9510   Garcia, Rene.  Asymptotic null distribution of the          
            likelihood ratio test in Markov switching models.  48p.     
     9505   Garcia, Rene & Schaller, Huntley.  Are the effects of       
            monetary policy asymmetric?  40p.                          
     9511   Garcia, Rene, Lusardi, Annamaria & Ng, Serena.  Excess      
            sensitivity and asymmetries in consumption: an empirical    
            investigation.  24p.                                        
     9517   Ghysels, Eric, Granger, Clive W.J. & Siklos, Pierre L.  Is  
            seasonal adjustment a linear or nonlinear data filtering    
            process?.  32p.                                             
     9518   Ghysels, Eric, Hall, Alastair & Lee, Hahn S.  On periodic   
            structures and testing for seasonal unit roots.  43p.       
     9513   Ghysels, Eric, Khalaf, Lynda & Vodounou, Cosme.  Simulation 
            based inference in moving average models.  8p.              
     9514   Ng, Serena.  Looking for evidence of speculative            
            stockholding in commodity markets.  23p.                    
     9516   Ng, Serena.  Testing for homogeneity in demand systems: when
            the regressors are non-stationary.  24p.                    
     9515   Ng, Serena & Schaller, Huntley.  The risky spread,          
            investment, and monetary policy transmission: evidence on   
            the role of asymmetric information.  24p.                   
     9508   Parent, Daniel.  Industry-specific capital and the wage     
            profile: evidence from the NLSY and the PSID.  19p.         
     9509   Parent, Daniel.  Matching, human capital, and the covariance
            structure of earnings.  52p.                                
     9507   Parent, Daniel.  Wages and mobility: the impact of          
            employer-provided training.  32p.                           
     9512   Sprumont, Yves.  An axiomatization of the Pazner-Schmeidler 
            rules in large fair division problems.  24p.                

     UNIVERSITAT MUNCHEN.  Volkswirtschaftliche Fakultat.               

     9429   Alecke, Bjoern & Komlos, John.  Were the heights of slaves  
            shipped in interregional trade representative of the slave  
            population at large (At the p.  38p.                        
     9430   Spoerer, Mark.  German net investment and the cumulative    
            real wage position 1925-1929: on a premature burial of the  
            Borchardt debat.  13p.                                      
     9428   Stilz, Anette.  Profit-sharing and wage bargaining in an    
            international oligopoly.  17p.                              

     NATIONAL BUREAU OF ECONOMIC RESEARCH.  Working Papers.             

     5091   Abel, Andrew B. & Eberly, Janice C.  Optimal investment with
            costly reversibility.  52p.                                 
     5077   Abowd, John M., Kramarz, Francis & Moreau, Antoine.  Product
            quality and worker quality.  27p.                           
     5102   Aitken, Brian, Harrison, Ann & Lipsey, Robert E.  Wages and 
            foreign ownership: a comparative study of Mexico, Venezuela 
            and the United States.  32p.                                
     5089   Auerbach, Alan J., et al.  The annuitization of Americans'  
            resources: a cohort analysis.  44p.                         
     5085   Borenstein, Severin.  Settling for coupons: discount        
            contracts as compensation and punishment in antitrust       
            laswuits.  42p.                                             
     5087   Buiter, Willem H.  Generational accounts, aggregate saving  
            and intergenerational distribution.  39p.                   
     5106   Cramton, Peter C. & Tracy, Joseph S.  The use of replacement
            workers in union contract negotiations: the U.S. experience,
            1980-1989.  20p.                                            
     5105   Cramton, Peter C., Gunderson, Morley & Tracy, Joseph S.  The
            effect of collective bargaining legislation on strikes and  
            wages.  20p.                                                
     5082   Cutler, David M. & Gruber, Jonathan.  Does public insurance 
            crowd out private insurance?.  46p.                         
     5104   Diewert, W. Erwin.  Axiomatic and economic approaches to    
            elementary price indexes.  60p.                             
     5103   Diewert, W. Erwin.  Price and volume measures in the system 
            of national accounts.  63p.                                 
     5093   DiNardo, John, Fortin, Nicole M. & Lemieux, Thomas.  Labor  
            market institutions and the distribution of wages,          
            1973-1992: a semiparametric approach.  62p.                 
     5097   Edwards, Sebastian.  Why are saving rates so different      
            across countries?: an international comparative analysis.   
            46p.                                                        
     5090   Fehr, Hams & Kotlikoff, Laurence J.  Generational accounting
            in general equilibrium.  41p.                               
     5088   Gentry, William M. & Hagy, Alison P.  The distributional    
            effects of the tax treatment of child care expenses.  45p.  
     5081   Gordon, Robert J.  Is there a tradeofff between unemployment
            and productivity growth?.  68p.                             
     5100   Gorton, Gary & Rosen, Richard.  Banks and derivatives.  47p.
     5079   Hubbard, R. Glenn & Palia, Darius.  Benefits of control,    
            managerial ownership, and the stock returns of acquiring    
            firms.  24p.                                                
     5083   Kiyotaki, Nobuhiro & Moore, John.  Credit cycles.  56p.     
     5084   Krueger, Anne O.  Free trade agreements versus customs      
            unions.  29p.                                               
     5098   Krugman, Paul & Venables, Anthony J.  Globalization and the 
            inequality of nations.  43p.                                
     5099   McGarry, Kathleen & Schoeni, Robert F.  Transfer behavior   
            within the family: results from the Asset and Health        
            Dynamics Survey.  22p.                                      
     5086   Mendoza, Enrique G. & Tesar, Linda L.  Supply-side economics
            in a global economy.  58p.                                  
     5096   Merton, Robert C.  Financial innovation and the management  
            and regulation of financial institutions.  46p.             
     5080   Mishkin, Frederic S. & Simon, John.  An empirical           
            examination of the Fisher effect in Australia.  23p.        
     5092   Neumark, David & Wascher, William.  The effects of minimum  
            wages on teenage employment and enrollment: evidence from   
            matched CPS survey.  49p.                                   
     5094   Richardson, J. David & Smith, Pamela J.  Sectoral growth    
            across U.S. states: factor content, linkages, and trade.    
            49p.                                                        
     5095   Shiller, Robert J. & Athanasoulis, Stefano.  World income   
            components: measuring and exploiting international risk     
            sharing opportunities.  62p.                                
     5101   Stein, Jeremy C.  Internal capital markets and the          
            competition for corporate resources.  41p.                  

     UNIVERSITY OF NORTH CAROLINA.  Department of Economics.            

     9402   Hagiwara, May & Herce, Miguel A.  Exchange rate volatility, 
            trading volume and interest rate differential in a model of 
            portfolio selection.  29p.                                  
     9403   Hagiwara, May & Herce, Miguel A.  Risk aversion and stock   
            price sensitivity to dividends.  39p.                       
     9501   Wickham, Elizabeth D.  JRC equilibrium and intra industry   
            trade: another look at product differentiation.  35p.       

     NORWEGIAN SCHOOL OF ECONOMICS & BUSINESS ADMINISTRATION.           

     6/95   Knarvik, Karen M.  Technological spillovers, industrial     
            clusters and economic integration.  47p.                    

     OSAKA UNIVERSITY.  Institute of Social and Economic Research.      

     358    Ching, Stephen & Serizawa, Shigehiro.  Maximal domains for  
            the existence of strategy-proof rules.  19p.                
     364    Lim, Chin.  Voluntary contributions to public goods and the 
            Hegemon theory of international public goods.  42p.         
     357    Matsumura, Toshihiro.  A two-stage price-setting duopoly    
            with endogenous timing: Bertrand or Stackleberg equilibria. 
            23p.                                                        
     363    Oum, Tae Hoon.  A comparative study of productivity and cost
            competitiveness of the world's major airlines.  28p.        
     360    Oum, Tae Hoon.  The effects of airline codesharing          
            agreements on international air fares.  33p.                
     361    Oum, Tae Hoon & Zhang, Yimin.  Competition and allocative   
            efficiency: the case of the U.S. telephone services         
            industry.  33p.                                             
     355    Serizawa, Shigehiro.  Strategy-proof, individually rational 
            and symmetric social choice function for discrete public    
            good economies.  17p.                                       
     356    Tsuneki, Atsushi.  On the resolution of the boundary problem
            through the wealth maximization criterion: a critique of    
            Posner.  8p.                                                

     UNIVERSITY OF OTTAWA.  Department of Economics.                    

     9501   Georges, Patrick.  A target zone model with expected trend  
            revisions.  34p.                                            
     9502   Ryan, David L., Plourde, Andre & Wang, Yu.  Inter-fuel      
            substitution, capital equipment, and asymmetric price       
            responses of residential energy demand.  30p.               

     UNIVERSITAT POMPEU FABRA.  Economics Working Papers.               

     107    Bailen, Jose M. & Rivera-Batiz, Luis A.  Human capital,     
            heterogeneous agents and technological change.  36p.        
     105    Bosch-Domenech, Antoni & Silvestre, Joaquim.  Credit        
            constraints in general equilibrium: experimental results.   
            30p.                                                        
     93     Carreras, Albert & Tafunell, Xavier.  National enterprise:  
            Spanish big manufacturing firms (1917-1990); between state  
            and market.  70p.                                           
     103    Garcia-Fontes, Walter, Tansini, Ruben & Vaillant, Marcel.   
            Cross-industry entry: the case of a small developing        
            country.  19p.                                              
     109    Marron, J.S. & Udina, Frederic.  Interactive local bandwidth
            choice.  18p.                                               
     101    Marti, Maria S.  Are large windows efficient?: evolution of 
            learning rules in a bargaining model.  38p.                 
     102    Marti, Maria S.  An evolutionary model of development of a  
            credit market.  31p.                                        
     106    Mulligan, Casey B. & Sala-i-Martin, Xavier.  A labor        
            income-based measure of the value of human capital: an      
            application to the states of the United States.  67p.       
     110    Saez, Marc & Kunst, Robert M.  ARCH patterns in cointegrated
            systems.  27p.                                              
     108    Sala-i-Martin, Xavier.  A positive theory of social         
            security.  51p.                                             
     104    Sala-i-Martin, Xavier.  Regional cohension: evidence and    
            theories of regional growth and convergence.  46p.          

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

     9506   Al-Najjar, Nabil I.  Decomposition and characterization of  
            risk with a continuum of random variables.  56p.            

     UNIVERSITY OF ROCHESTER.  Center for Economic Research.            

     401    Boyd, John H. & Conley, John P.  Fundamental nonconvexities 
            in Arrovian markets and a Coasian solution to the problem of
            externalities.  25p.                                        
     402    Burnside, Craig, Eichenbaum, Martin & Rebelo, Sergio.       
            Capital utilization and returns to scale.  50p.             
     397    Hanushek, Eric A., Rivkin, Steven G. & Taylor, Lori L.      
            Aggregation and the estimated effects of school resources.  
            43p.                                                        
     399    Krusell, Per & Smith, Anthony A.  Income and wealth         
            heterogeneity in the macroeconomy.  39p.                    
     398    McKenzie, Lionel W.  The competitive equilibrium turnpike   
            II.  11p.                                                   
     400    Moulin, Herve & Thomson, William.  Axiomatic analysis of    
            resource allocation.  22p.                                  
     404    Ogaki, Masao & Reinhart, Carmen M..  Measuring intertemporal
            substitution: the role of durable goods.  27p.              
     403    Thomson, William.  The replacement principle in economies   
            with indivisible goods.  11p.                               

     SANTA FE INSTITUTE.  Economics Research Program.                   

     9541   Eisenberg, Laurence K.  Connectivity and financial network  
            shutdown.  67p.                                             
     9537   Karatzas, Ioannis, Shubik, Martin & Sudderth, William D.  A 
            strategic market game with secured lending.  58p.           
     9534   Paskov, Spassimin H. & Traub, Joseph F.  Faster valuation of
            financial derivatives.  14p.                                

     SEOUL NATIONAL UNIVERSITY.  Institute of Economic Research.        

     9502   Lee, Keun.  Economic reform, structural changes, and        
            regional economic growth in China: cross-province           
            regressions.  25p.                                          
     9501   Lee, Keun.  Can "legal person socialism" save China's state 
            sector?.  27p.                                              
     9410   Kim, Jeong-Yoo & Koh, Dong-Hee.  Cheap-talk in a model of   
            safety regulation.  25p.                                    

     UNIVERSITY OF WESTERN ONTARIO.  Department of Economics.           

     9504   Bowlus, Audra J.  A search interpretation of male-female    
            differentials.  37p.                                        
     9503   Green. Gordon R.  Market institutions and core allocations. 
            21p.                                                        
     9505   Heckman, James J. & Smith, Jeffrey A.  Ashenfelter's dip and
            the determinants of participation in a social program:      
            implications for program evaluation...  75p.                

     YALE UNIVERSITY.  Economic Growth Center.                          

     724    Ranis, Gustav & Stewart, Frances.  V-goods and the role of  
            the urban informal sector in development.  46p.             
     722    Sala-i-Martin, Xavier & Mulligan, Casey B.  A labor         
            income-based measure of the value of human capital: an      
            application to the states of the United States.  61p.       
     723    Sala-i-Martin, Xavier & Mulligan, Casey B.  Measuring       
            aggregate human capital.  48p.                              
     720    Schultz, T. Paul.  Evaluation of integrated human resource  
            programs.  27p.                                             
     719    Schultz, T. Paul.  Integrated approaches to human resource  
            development.  33p.                                          
     725    Shiller, Robert J. & Athanasoulis, Stefano.  World income   
            components: measuring and exploiting international risk     
            sharing opportunities.  69p.                                
     721    Srinivasan, T.N. & Bhagwati, Jagdish.  Trade and the        
            environment: does environmental diversity detract from the  
            case for free trade?.  100p.                                

     YORK UNIVERSITY.  Department of Economics.                         

     95-3   Handy, Femida.  Reputation as collateral: the role of       
            trustees as legitimizers of non-profits.  25p.              
     95-4   Haug, Alfred.  The power of cointegration tests: does the   
            frequency of observation matter?.  19p.                     
     95-2   Mansoorian, Arman & Myers, Gordon M.  On the consequences of
            government objectives for economies of mobile populations.  
            22p.                                                        
     95-1   Mansoorian, Arman & Myers, Gordon M.  Private sector versus 
            public sector externalities.  22p.                          
     95-8   Bucovetsky, S.  The optimal majority with an endogenous     
            status quo.  36p.                                           
     95-7   Fienberg, Stephen E. & Jazairi, Nuri.  Stanley Warner's     
            contributions to statistically balanced information         
            technology.  16p.                                           
     95-5   Lu, Jing.  Aggregate disturbances or sectoral shifts:       
            Canadian evidence.  18p.                                    
     95-6   Lu, Jing.  Employment dispersion as a measure for aggregate 
            disturbances.  8p.                                          

     COWLES FOUNDATION AT YALE UNIVERSITY.  Reprint Series.             

     887    Andrews, Donald W.K.  Empirical process methods in          
            econometrics.                                            
     888    Barany, Imre, Howe, Roger & Scarf, Herbert E.  The complex  
            maximal lattice free simplices.                          
     882    Geanakoplos, John.  Common knowledge.                    
     886    Hajivassiliou, Vassilis A. & Rudd, Paul A.  Classical       
            estimation methods for limited dependent variable models    
            using simulation.                                       
     884    Karatzas, Ioannis, Shubik, Martin & Sudderth, William.      
            Construction of stationary Markov equilibria in a strategic 
            market game.                                             
     883    Nordhaus, William D.  Policy games: coordination and        
            independence in monetary and fiscal policies.            
     885    Phillips, Peter C.B. & Van Dijk, Herman K.  Bayes methods   
            and unit roots.                                         
     890    Phillips, Peter C.B. & Toda, Hiro Y.  Vector autoregression 
            and causality: a theoretical overview and simulation study. 
     889    Nordhaus, William D.  Climate and economic development. 

     HITOTSUBASHI UNIVERSITY.  Institute for Economic Research-Reprints.

     154    Fukuda, Shin-ichi & Teruyama, Hiroshi.  Sources of inventory
            fluctuations: some international evidence.              
     156    Kariya, Takeaki & Tsuda, Hiroshi.  New bond pricing models  
            with applications to Japanese data.                      
     155    Okura, Masanori & Teranishi, Juro.  Exchange rate and       
            economic recovery of Japan in the 1930s.                 

     NATIONAL BUREAU OF ECONOMIC RESEARCH.  Reprint Series.             

     1956   Romer, Christina D.  Remeasuring business cycles.        

     YALE UNIVERSITY.  Economic Growth Center-Reprint Series.           

     496    Evenson, Robert E. & Pray, Carl E.  Measuring food          
            production (with reference to South Asia).               
     495    Hamada, Koichi & Honda, Tetsushi.  Engine of the rising sun:
            productivity growth in postwar Japan.                    
     497    Hamada, Koichi.  Japan's prospective role in the            
            international monetary regime.                           
     499    Hamada, Koichi.  Product liability rules: a consideration of
            law and economics in Japan.                              
     494    Ranis, Gustav & Stewart, Frances.  Decentralization in      
            Indonesia.                                               
     500    Srinivasan, T.N.  Data base for development analysis: an    
            overview.                                                
     493    Srinivasan, T.N.  Destitution: a discourse.              
     498    Srinivasan, T.N.  Long-run growth theories and empirics:    
            anything new?                                         



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