New Acquisitions - June 1999


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

     106    Drandakis, Emmanuel.  The envelope theorem in its proper    
            perspective.  34p.                                          
     107    Vlassis, Minas.  "Efficient bargains" as a wage-compliance  
            device in industries with market power.  32p.               

     BANCO DE ESPANA.  Servicio de Estudios.                            

     9908   Bover, Olympia & Arellano, Manuel.  Learning about migration
            decisions from the migrants: an exercise in endogenous      
            sampling & complementary datasets.  52p.                    
     9909   Bover, Olympia & Velilla, Pilar.  Migrations in Spain:      
            historical background and current trends.  47p.             
     9905   Mazon, Cristina & Nunez, Soledad.  Of the optimality of     
            Treasury bond auctions: the Spanish case.  46p.             
     9906   Watson, Nadine.  Bank lending channel evidence at the firm  
            level.  40p.                                                

     BANK OF JAPAN.  Institute for Monetary & Economic Studies.         

     9912   Gordon, Robert J.  Monetary policy in the age of information
            technology.  48p.                                           
     9911   Jorgenson, Dale W. & Yip, Eric.  Whatever happened to       
            productivity investment and growth in the G-7?  75p.       
     9910   Kuroda, Masahiro & Nomura, Koji.  An explanation of the     
            productivity paradox: total factor productivity spillover   
            through capital accumulation.  44p.                         
     9915   Muranaga, Jun & Shimizu, Tokiko.  Expectations and market   
            microstructure when liquidity is lost.  17p.                
     9916   Muranaga, Jun.  Dynamics of market liquidity of Japanese    
            stocks: an analysis of tick-by-tick data of the Tokyo Stock 
            Exchange.  32p.                                             
     9914   Muranaga, Jun & Shimizu, Tokiko.  Market microstructure and 
            market liquidity.  36p.                                     
     9913   Stock, James H.  Monetary policy in a changing economy:     
            indicators, rules, and the shift towards intangible output. 
            36p.                                                        
     99-9   Varian, Hal R.  Markets for information goods.  17p.        

     BEN GURION UNIVERSITY.  Monaster Center for Economic Research.     

     99-1   Avishur, Arieh & Tsoref, Yigal.  On the predictability of   
            kibbutz financial distress: a principal component analysis  
            with bootstrap confidence intervals.  70p.                 
     99-4   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.  The       
            bargaining set of a large economy with differential         
            information.  16p.                                          
     99-3   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.  Fine value
            allocations in large exchange economies with differential   
            information.  22p.                                          
     99-5   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.  On the    
            core of an economy with differential information.  11p.     
     99-2   Tsur, Yacov & Zemel, Amos.  Sustainable water policies and  
            the optimal development of desalination technologies.  31p. 

     UNIVERSITY OF CALIFORNIA-BERKELEY.  Department of Economics.       

     267    Eissa, Nada & Hoynes, Hilary W.  The earned income tax      
            credit and the labor supply of married couples.  68p.       
     268    Hall, Bronwyn H. & Ham, Rose Marie.  The patent paradox     
            revisited: determinants of patenting in the U.S.            
            semiconductor industry, 1980-94.  44p.                      
     266    Scotchmer, Suzanne.  Delegating investment in a common-value
            project.  14p.                                              

     UNIVERSITY OF CAMBRIDGE.  Department of Applied Economics.         

     9821   Bond, Shaun A. & Satchell, Steve E.  Statistical properties 
            of the sample semi-variance with applications to emerging   
            markets data.  30p.                                         
     9823   Garratt, Anthony, et al.  A structural cointegrating VAR    
            approach to macroeconometric modelling.  31p.               
     9825   Garratt, Anthony, Psaradakis, Zacharias & Sola, Martin.  An 
            empirical reassessment of target-zone nonlinearities.  14p. 
     9904   Haque, Nadeem U., Pesaran, M.H. & Sharma, Sunil.  Neglected 
            heterogeneity and dynamics in cross-country savings         
            regressions.  36p.                                          
     9826   Hsiao, Cheng, Pesaran, M.H. & Tahmiscioglu, A.K.  Maximum   
            likelihood estimation of fixed effects dynamic panel data   
            models covering short time periods.  46p.                   
     9903   Kohler, Jonathan, Luhmann, Hans-Jochen & Wadeskog, Anders.  
            Expenditure on environmentally sensitive goods and services:
            household spending in Europe.  21p.                         
     9902   Nyblom, Jukka & Harvey, Andrew.  Tests of common stochastic 
            trends.  33p.                                               
     9901   Pollitt, Michael G.  A survey of the liberalisation of      
            public enterprises in the U.K. since 1979.  45p.            
     9822   Robertson, Donald & Wright, Stephen.  The good news and the 
            bad news about long-run stock market returns.  41p.         
     9824   Sutherland, Holly.  A citizen's pension.  47p.              
     9820   Wright, Stephen.  Monetary policy, nominal interest rates,  
            and long horizon inflation uncertainty.  38p.               

     BANK OF CANADA.  Technical Reports.                                

     85     Srour, Gabriel.  Inflation targeting under uncertainty.     
            31p.                                                        

     UNIVERSITY OF CANTERBURY.  Department of Economics.                

     9905   Clark, Jeremy.  The effects of altruism on the efficiency of
            public good mechanisms.  33p.                               
     9904   Clark, Jeremy.  In search of ethical preferences in private 
            markets: the demand for Chilean wine in Canada from 1962 to 
            1994.  28p.                                                 

     UNIVERSIDAD CARLOS III de MADRID.  Dept. de Economia.              

     9930   Brusco, Sandro & Lopomo, Guiseppe.  Collusion via signalling
            in open ascending auctions with multiple objects and        
            complementarities.  28p.                                    
     9931   Pascual, Lorenzo, Romo, Juan & Ruiz, Esther.  Effects of    
            parameter estimation on prediction densities: a bootstrap   
            approach.  32p.                                             
     9933   Samartin, Margarita.  Costly financial crises.  21p.        
     9928   Simpson, James.  The agrarian crisis in late 19th century   
            Spain: a reconsideration.  25p.                             

     CENTRE D'ETUDES PROS. D'ECON MATH APPLIQUEES A LA PLANIFICATION.   

     9903   Aubert, Ludovic & Laskar, Daniel.  Private information: an  
            argument for a fixed exchange rate system.  38p.            
     9901   Boucekkine, Raouf, del Rio, Fernando & Licandro, Omar.      
            Endogenous vs. exogenously driven fluctuations in vintage   
            capital models.  25p.                                       
     9820   Boyer, Robert.  Le politique a l'ere de la mondialisation et
            de la finance: le point sur quelques recherches             
            regulationnistes.  74p.                                     
     9822   Boyer, Robert & Juillard, Michel.  The contemporary Japanese
            crisis and the transformations of the wage labor nexus.     
            70p.                                                        
     9902   Cheron, A. & Langot, F.  Labor-market search, welfare       
            ranking and the real wage over the business cycle.  21p.    
     9904   Cohen, Daniel.  Welfare differentials across French and U.S.
            labor markets: a general equilibrium interpretation.  40p.  
     9821   Marakulin, Valeri M.  Production equilibria in vector       
            lattices with unordered preferences: an approach using      
            finite-dimensional approximations.  29p.                    
     9819   Petit, Pascal & Soete, Luc.  Globalization in search of a   
            future: the contemporary challenge to national policies.    
            23p.                                                        

     UNIVERSITY OF COPENHAGEN.  Centre for Industrial Economics.        

     9905   Dierker, Egbert, Dierker, Hildegard & Grodal, Birgit.       
            Incomplete markets and the firm.  28p.                      

     UNIVERSITY OF COPENHAGEN.  Institute of Economics.                 

     9903   Dierker, Egbert, Dierker, Hildegard & Grodal, Birgit.       
            Incomplete markets and the firm.  28p.                      
     9904   Ellickson, Bryan, et al.  Clubs and the market.  43p.       
     9905   Ellickson, Bryan, et al.  Clubs and the market: large finite
            economies.  43p.                                            
     9902   Jebjerg, Lars.  Debt as a regulatory constraint.  15p.      

     COWLES FOUNDATION FOR RESEARCH IN ECONOMICS AT YALE UNIVERSITY.    

     1214   Bergemann, Dirk & Valimaki, Juuso.  Experimentation in      
            markets.  37p.                                              
     1216   den Haan, Wouter J., Ramey, Garey & Watson, Joel.           
            Contract-theoretic approaches to wages and displacement.    
            27p.                                                        
     1215   den Haan, Wouter J., Ramey, Garey & Watson, Joel.  Liquidity
            flows and fragility of business enterprises.  50p.          
     1213   Fagin, Ronald, et al.  The hierarchical approach to modeling
            knowledge and common knowledge.  30p.                       
     1225   Ramey, Garey & Watson, Joel.  Conditioning institutions and 
            renegotiation.  39p.                                        
     1218   Rauch, James E. & Watson, Joel.  Starting small in an       
            unfamiliar environment.  33p.                               
     1217   Watson, Joel.  Starting small and commitment.  23p.         

     (ENGLAND) CENTRE FOR ECONOMIC POLICY RESEARCH.                     

     2122   Acemoglu, Daron & Robinson, James A.  Inefficienct          
            redistribution.  27p.                                       
     2130   Aghion, Philippe, Dewatripont, Mathias & Rey, Patrick.      
            Agendy costs, firm behaviour and the nature of competition. 
            40p.                                                        
     2083   Aghion, Philippe, Bacchetta, Philippe & Banerjee, Abhijit.  
            Capital markets and the instability of open economies.  54p.
     2128   Aghion, Philippe, Dewatripoint, Mathias & Rey, Patrick.     
            Competition, financial discipline, and growth.  49p.        
     2121   Altug, Sumru & Filiztekin, Alpay.  Estimates of the returns 
            to scale for U.S. manufacturing.  41p.                      
     2116   Beetsma, Roel M.W.J. & Jensen, Henrik.  Structural          
            convergence under reversible and irreversible monetary      
            unification.  27p.                                          
     2132   Bevelander, Pieter & Nielsen, Helena S.  Declining          
            employment assimilation of immigrants in Sweden: observed or
            unobserved characteristics?  40p.                          
     2117   Bosello, Francesco, Carraro, Carlo & Galeotti, Marzio.  The 
            double dividend issue: modelling strategies and empirical   
            findings.  43p.                                             
     2125   Bulow, Jeremy & Klemperer, Paul.  The tobacco deal.  63p.   
     2113   de la Fuente, Angel & Domenech, Rafael.  The redistributive 
            effects of the EU budget: an analysis of some reflections on
            the agenda 2000 negotiations.  32p.                         
     2112   Diwan, Ishac & Hoekman, Bernard.  Competition,              
            complementarity and contagion in East Asia.  35p.           
     2131   Djankov, Simeon.  The enterprise isolation programme in     
            Romania.  23p.                                              
     2107   Fershtman, Chaim, Gandal, Neil & Markovich, Sarit.          
            Estimating the effects of tax reform in differentiated      
            product oligopolistic markets.  35p.                        
     2124   Hardouvelis, Gikas, Malliaropulos, Dimitrios & Priestley,   
            Richard.  EMU and European stock market integration.  66p.  
     2126   Hassler, John, et al.  Equilibrium unemployment insurance.  
            41p.                                                        
     2120   Kuo, Biing-Shen & Mikkola, Anne.  How sure are we about     
            PPP?: Panel evidence with the null of stationary real       
            exchange rates.  29p.                                       
     2123   Lane, Philip R.  Do international investment income flows   
            smooth income?  31p.                                       
     2115   Lane, Philip R.  The new open economy macroeconomics: a     
            survey.  44p.                                               
     2127   Marimon, Ramon & Zilibotti, Fabrizio.  Employment and       
            distributional effects of restricting working time.  44p.   
     2135   Profit, Stefan.  Twin peaks in regional unemployment and    
            returns to scale in job matching in the Czech Republic.     
            33p.                                                        
     2094   Quah, Danny.  The weightless economy in economic            
            development.  45p.                                          
     2129   Raphael, Steven & Winter-Ebmer, Rudolf.  Identifying the    
            effect of unemployment on crime.  35p.                      
     2097   Repullo, Rafael & Suarez, Javier.  Venture capital finance: 
            a security design approach.  43p.                           
     2136   Saint-Paul, Gilles.  Assessing the political viability of   
            labour market reform: the case of employment protection.    
            31p.                                                        
     2111   Sinn, Hans-Werner.  Inflation and welfare: comment on Robert
            Lucas.  12p.                                                
     2133   Valletti, Tommaso M. & Estache, Antonio.  The theory of     
            access pricing: an overview for infrastructure regulators.  
            47p.                                                        
     2134   Zalewska-Mitura, Anna.  Does market organization speed up   
            market stabilization?: first lessons from the Budapest and  
            Warsaw stock exchanges.  44p.                               

     FEDERAL RESERVE BANK OF CHICAGO.  Research Department.             

     99-7   Barrow, Lisa.  School choice through relocation: evidence   
            from the Washington, D.C. area.  58p.                       
     99-4   Christiano, Lawrence J. & Vigfusson, Robert J.  Maximum     
            likelihood in the frequency domain: a time to build example.
             15p.                                                       
     99-3   Christiano, Lawrence J. & Gust, Christopher J.  Taylor rules
            in a limited participation model.  27p.                     
     99-5   Shi, Shouyong.  Unskilled workers in an economy with        
            skill-biased technology.  42p.                              
     99-9   Shiratsuka, Shigenori.  Asset price fluctuation and price   
            indices.  43p.                                              

     FEDERAL RESERVE BANK OF DALLAS.  Financial Industry Studies.       

     1/99   Ely, David P. & Robinson, Kenneth J.  The determinants of   
            the wealth effects of banks' expanded securities powers.    
            45p.                                                        

     FEDERAL RESERVE BANK OF KANSAS CITY.  Research Division.           

     9903   Rolph, Douglas & Shen, Pu.  Do the spreads between the E/P  
            ratio and interest rates contain information on future      
            equity market movements?  43p.                             
     9902   Schreft, Stacey L. & Smith, Bruce D.  The evolution of cash 
            transactions: some implications for monetary policy.  21p.  

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

     130    Huang, Kevin X.D. & Liu, Zheng.  Chain of production as a   
            monetary propagation mechanism.  36p.                       

     FEDERAL RESERVE BOARD.  Finance & Economics Discussion Series.     

     9829   Benhabib, Jess, Schmitt-Grohe, Stephanie & Uribe, Martin.   
            Monetary policy and multiple equilibria.  22p.              
     9832   Berger, Allen N., Davies, Sally M. & Flannery, Mark J.      
            Comparing market and supervisory assessments of bank        
            performance: who knows what when?  42p.                    
     9833   Berkowitz, Jeremy.  Dealer polling in the presence of       
            possibly noisy reporting.  25p.                             
     9920   Cutler, David M. & Sheiner, Louise.  Demographics and       
            medical care spending: standard and non-standard effects.   
            45p.                                                        
     9918   Cutler, David M. & Sheiner, Louise.  The geography of       
            Medicare.  14p.                                             
     9824   Dow, James P. & Elmendorf, Douglas W.  The effect of stock  
            prices on the demand for money market mutual funds.  19p.   
     9823   Dupont, Dominique.  Equilibrium price with institutional    
            investors and with naive traders.  26p.                     
     9821   Estevao, Marcello M. & Wilson, Beth Anne.  Nominal wage     
            rigidity and real wage cyclicality.  17p.                   
     9840   Fisher, Mark & Gilles, Christian.  Consumption and asset    
            prices with recursive preferences.  48p.                    
     9831   Furfine, Craig.  Interbank payments and the daily federal   
            funds rate.  21p.                                           
     9830   Gilchrist, Simon & Williams, John C.  Putty-clay and        
            investment: a business cycle analysis.  43p.                
     9827   Kiley, Michael T.  Monetary policy under neoclassical and   
            new Keynesian Phillips curves, with an application to price 
            level and inflation targeting.  15p.                        
     9839   Kim, Jinill.  Adjustment costs of investment in general     
            equilibrium: analytic results.  36p.                        
     9838   Kim, Jinill.  Indeterminacy and investment adjustment costs.
             12p.                                                       
     9825   Laderman, Elizabeth & Passmore, Wayne.  Is mortgage lending 
            by savings associations special?  42p.                     
     9836   Lengwiler, Yvan.  Certainty equivalence and the non-vertical
            long run Phillips Curve.  9p.                               
     9828   Lengwiler, Yvan.  The multiple unit auction with variable   
            supply.  17p.                                               
     9826   Orphanides, Athanasios & Porter, Richard.  P* revisited:    
            money-based inflation forecasts with a changing equilibrium 
            velocity.  22p.                                             
     9835   Orphanides, Athanasios & Wieland, Volker.  Price stability  
            and monetary policy effectiveness when nominal interest     
            rates are bounded at zero.  53p.                            
     9841   Porter, Richard D. & Weinbach, Gretchen C.  Currency ratios 
            and U.S. underground economic activity.  9p.                
     9843   Roberts, John M.  Inflation expectations and the            
            transmission of monetary policy.  37p.                      
     9834   Sack, Brian.  Uncertainty, learning, and gradual monetary   
            policy.  34p.                                               
     9819   Schmitt-Grohe, Stephanie.  Endogenous business cycles and   
            the dynamics of output, hours, and consumption.  34p.       
     9919   Sheiner, Louise.  Health care costs, wages, and aging.  39p.
     9917   Starr-McCluer, Martha.  The measurement of consumer         
            expectations using survey data.  24p.                       
     9820   Starr-McCluer, Martha.  Stock market wealth and consumer    
            spending.  22p.                                             
     9842   TeSelle, Garrett H.  Bubbles or noise?: reconciling the     
            results of broad-dividend variance-bounds tests.  30p.      
     9837   Tinsley, P.A.  Rational error correction.  33p.             
     9921   Whelan, Karl.  Tax incentives, material inputs, and the     
            supply curve for capital equipment.  30p.                   
     9822   Wieland, Volker.  Monetary policy and uncertainty about the 
            natural unemployment rate.  48p.                            
     9922   Wilson, Beth Anne.  Wage rigidity: a look inside the firm.  
            28p.                                                        

     FEDERAL RESERVE BOARD.  International Finance Papers.              

     628    Ahmed, Shaghil & Rogers, John H.  Inflation and the great   
            ratios: long-term evidence from the U.S.  42p.              
     625    Basu, Susanto, Fernald, John & Kimball, Miles.  Are         
            technology improvements contractionary?  56p.              
     618    Djankov, Simeon & Freund, Caroline.  Disintegration.  41p.  
     630    Dooley, Michael P.  A model of crises in emerging markets.  
            27p.                                                        
     623    Engel, Charles & Rogers, John H.  Relative price volatility:
            what role does the border play?  29p.                      
     627    Erceg, Christopher J., Henderson, Dale W. & Levin, Andrew T.
             Tradeoffs between inflation and output-gap variances in an 
            optimizing agent model.  42p.                               
     616    Ericsson, Neil R., Hendry, David F. & Mizon, Grayham E.     
            Exogeneity, cointegration, and economic policy analysis.    
            38p.                                                        
     626    Ericsson, Neil R. & Marquez, Jaime.  A framework for        
            economic forecasting.  48p.                                 
     610    Faust, Jon.  The robustness of identified VAR conclusions   
            about money.  46p.                                          
     619    Fernald, John & Rogers, John H.  Puzzles in the Chinese     
            stock market.  39p.                                         
     614    Freund, Caroline L.  Multilateralism and the endogenous     
            formation of preferential trade agreements.  20p.           
     624    Gibson, Michael S.  "Big bang" deregulation and Japanese    
            corporate governance: a survey of the issues.  34p.         
     635    Henderson, Dale W. & Kim, Jinill.  Exact utilities under    
            alternative monetary rules in a simple macro model with     
            optimizing agents.  31p.                                    
     609    Hooper, Peter, Johnson, Karen & Marquez, Jaime.  Trade      
            elasticities for G-7 countries.  106p.                      
     620    Iyigun, Murat F. & Levin, Andrew T.  What determines public 
            support for affirmative action?  29p.                      
     636    Kamin, Steven B.  The current international financial       
            crisis: how much is new?  19p.                             
     629    Kaminsky, Graciela L.  Currency and banking crises: the     
            early warnings of distress.  39p.                           
     617    Mendoza, Enrique G. & Uribe, Martin.  The business cycles of
            currency speculation: a revision of the Mundellian          
            framework.  42p.                                            
     612    Rogers, John H.  Monetary shocks and real exchange rates.   
            49p.                                                        
     631    Warnock, Francis E.  Idiosyncratic tastes in a two-country  
            optimizing model: implications of a standard presumption.   
            29p.                                                        
     615    Yu, Dahai.  Equilibrium liquidity premia.  26p.             
     621    Yu, Duhai.  Rational bubbles under diverse information.     
            23p.                                                        
     622    Yu, Dahai.  The equivalence theorems for government finance.
             21p.                                                       

     FEDERAL TRADE COMMISSION.  Bureau of Economics.                    

     226    Vita, Michael G. & Sacher, Seth.  The competitive effects of
            not-for-profit hospital mergers: a case study.  48p.        

     HARVARD UNIVERSITY.  Institute of Economic Research.               

     1867   Baks, Klaas, Metrick, Andrew & Wachter, Jessica.  Bayesian  
            performance evaluation.  54p.                               
     1866   Canning, David, Jefferson, Clifford W. & Spencer, John E.   
            Optimal credit rationing in not-for-profit financial        
            institutions.  28p.                                         
     1868   Tornell, Aaron.  Common fundamentals in the Tequila and     
            Asian crises.  40p.                                         
     1869   Tornell, Aaron.  Privatizing the privatized.  40p.          

     HITOTSUBASHI UNIVERSITY.  Institute for Economic Research.         

     372    Ito, Takatoshi.  Asian exports: principal causes of         
            deceleration.  94p.                                         
     371    Ito, Takatoshi.  Capital flows in Asia.  63p.               
     368    Nakatsuma, Teruo.  Bayesian analysis of the convergence     
            hypothesis in economic growth: a Markov mixture approach.   
            26p.                                                        
     367    Suzumura, Kotaro.  Welfare economics and the welfare state. 
            27p.                                                        

     INSTITUT NATIONAL DE LA STATISTIQUE ET DES ETUDES ECONOMIQUES.     

     9914   Celeux, Gilles, Hurn, Merrilee & Robert, Christian P.       
            Computational and inferential difficultues with mixture     
            posterior distributions.  42p.                              
     9912   Crepon, B. & Kramarz, F.  Working 40 hours or not-working   
            39: lessons from the 1981 mandatory reduction of weekly     
            working hours.  16p.                                        
     9908   Gourieroux, C. & Jasiak, J.  Dynamic factor models.  43p.   
     9909   Laurent, J.P. & Leisen, D.  Building a consistent pricing   
            model from observed option prices.  24p.                    
     9910   Robert, Christian P., Ryden, Tobias & Titterington, D.M.    
            Bayesian inference in hidden Markov models through jump     
            Markov Chain Monte Carlo.  19p.                             

     INSTITUTO DE ESTUDIOS ECONOMICOS DE GALICIA PEDRO BARRIE de la MAZA

     7      Esteban, Joan.  Notes on conflict and cooperation.  27p.    
     8      Esteban, Joan & Sakovics, Jozsef.  A disagreement theory of 
            bargaining.  26p.                                           

     IOWA STATE UNIVERSITY.  Department of Economics.                   

     314    Huffman, Wallace E.  Finance, organization, and impacts of  
            U.S. agricultural research: future prospects.  42p.         

     BANCA DE ITALIA.  Research Department.                             

     347    Baffigi, Alberto, Pagnini, Marcello & Quintiliani, Fabio.   
            Industrial districts and local banks: do the twins ever     
            meet?  69p.                                                

     LA TROBE UNIVERSITY.  Department of Economics.                     

     9806   Choe, Chongwoo & Yin, Xiangkang.  Contract management       
            responsibility systems and profit incentives in China's     
            state-owned enterprises.  17p.                              
     9807   Choe, Chongwoo & Yin, Xiangkang.  Do China's state-owned    
            enterprises maximze profit?  21p.                          
     9804   Dungey, Mardi.  Why tax foreign exchange?: comments on a    
            proposed Tobin tax.  8p.                                    
     9808   Hewarathna, Ramya & Silvapulle, Param.  Forecasting         
            inflation from the term structure of interest rates.  21p.  
     9805   Will, Lou.  NESB immigrant income catch-up in Australia:    
            does functional form matter?  28p.                         

     LONDON SCHOOL OF ECONOMICS.  Financial Markets Group.              

     320    Danielsson, Jon & Payne, Richard.  Real trading patterns and
            prices in spot foreign exchange markets.  39p.              
     321    Ellul, Andrew.  Inter-market price and volatility impacts   
            generated by large trades: the case of European cross-quoted
            securities.  60p.                                           
     322    Pesaran, M. Hashem & Timmermann, Allan.  A recursive        
            modelling approach to predicting U.K. stock returns.  40p.  
     323    Timmermann, Allan.  Moments of Markov switching models.     
            39p.                                                        
     319    Zigrand, Jean-Pierre.  Arbitrage and endogenous market      
            integration.  54p.                                          

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

     9908   Bloch, Francis & Ferrer, Helene.  Trade fragmentation and   
            coordination in bilateral oligopolies.  10p.                
     9913   Boccard, Nicolas & Zenou, Yves.  Racial discrimination and  
            redlining in cities.  36p.                                  
     9903   Chander, Parkash & Khan, Ali.  International treaties on    
            trade and global pollution.  24p.                           
     9910   Cremer, Helmuth, Pestieau, Pierre & Rochet, Jean-Charles.   
            Direct versus indirect taxation: the design of tax structure
            revisited.  26p.                                            
     9904   Dreze, Jacques.  On the dynamics of supply-constrained      
            equilibria.  22p.                                           
     9911   Dutta, Bhaskar, Jackson, Matthew O. & Le Breton, Michel.    
            Strategic candidacy and voting procedures.  36p.            
     9906   Gabszewicz, Jean & Turrini, Alessandro.  Workers' skills and
            product selection.  14p.                                    
     9912   Ghirardato, Paolo & Le Breton, Michel.  Choquet rationality.
             24p.                                                       
     9905   Koutsougeras, Leonidas C.  A remark on the number of trading
            posts in strategic market games.  8p.                       
     9915   Nesterov, Yurii.  Global quadratic optimization on the sets 
            with simplex structure.  15p.                               
     9907   Nesterov, Yurii.  Stable flows in transportation networks.  
            17p.                                                        
     9909   Racionero, Maria del Mar.  Optimal redistribution with      
            unobservable preferences for an observable merit good.  24p.
     9914   Rovesti, Cinzia.  Optimal dynamic antitrust policies.  37p. 
     9901   Steinmetz, Sebastien & Zenou, Yves.  On the existence of    
            spatial monopolies under free entry.  15p.                  
     9902   Zenou, Yves.  Agglomeration economies in European and       
            American cities.  28p.                                      

     UNIVERSITY OF MELBOURNE.  Department of Economics.                 

     691    Anderson, Siwan.  The economics of dowry payments in        
            Pakistan.  57p.                                             
     686    Creedy, John.  Modelling indirect tax reform in Australia:  
            should tax rates be uniform?  48p.                         
     688    Creedy, John & Duncan, Alan.  Welfare, non-linear budget    
            constraints and behavioural microsimulation.  42p.          
     690    Guest, Ross S. & McDonald, Ian M.  Aging, immigration and   
            optimal national saving in Australia.  38p.                 
     689    Guest, Ross S. & McDonald, Ian M.  Population aging and     
            projections of government social outlays in Australia.  28p.
     692    Hayes, Kathy J., et al.  Multivariate generated regressors  
            and heteroskedasticity in a cross-section: an application to
            the value of neighborhood schools.  33p.                    
     687    Henry, Olan & Olekalns, Nilss.  Are private sector          
            consumption decisions affected by public sector             
            consumption?  28p.                                         
     693    Mellington, Nichole & Cameron, Lisa.  Female education and  
            child mortality in Indonesia.  35p.                         
     685    Williams, Jenny & Cameron, Lisa.  Substitutes or            
            complements?: alcohol, cannabis and tobacco.  30p.          

     MICHIGAN STATE UNIVERSITY.  Department of Economics.               

     9802   Creane, Anthony.  Investment in risky innovations with      
            multiple innovators.  30p.                                  

     UNIVERSITY OF MINNESOTA.  Center for Economic Research.            

     308    Nyman, John A.  The welfare economics of insurance contracts
            that pay off by reducing price.  24p.                       

     UNIVERSITAT MUNCHEN.  Volkswirtschaftliche Fakultat.               

     9902   Baliga, Sandeep, Goyal, Sanjeev & Klasen, Stephan.          
            Education and marriage age: theory and evidence.  31p.      
     9813   Bauer, Thomas, et al.  Immigrant labor and workplace safety.
             30p.                                                       
     9815   Berger, Helge & Woitek, Ulrich.  Does conservatism matter?: 
            A time series approach to central banking.  30p.            
     9814   Broll, Udo, Wong, Kit Pong & Zilcha, Itzhak.  Multiple      
            currencies and hedging.  19p.                               
     9819   Feist, Holger.  Wage distance regulation in social welfare  
            programs: an option theory perspective.  28p.               
     9816   Fuest, Clemens & Thum, Marcel.  Immigration and skill       
            formation in unionised labor markets.  26p.                 
     9901   Marin, Dalia & Schnitzer, Monika.  The economic institution 
            of international barter.  25p.                              
     9824   Rees, R., et al.  The puzzle of slave heights in antebellum 
            America.  23p.                                              
     9820   Reutter, Michael.  Wage bargaining, taxation and            
            unemployment: a macroeconometric analysis of the West German
            labour market.  47p.                                        
     9823   Schnitzer, Monika.  Bank competition and enterprise         
            restructuring in transition economies.  25p.                
     9825   Schnitzer, Monika & Wambach, Achim.  Inside versus outside  
            financing and product market competition.  29p.             
     9818   Schnitzer, Monika.  On the role of bank competition for     
            corporate finance and corporate control in transition       
            economies.  30p.                                            
     9821   Schubert, Stefan & Broll, Udo.  Dynamic hedging under       
            exchange rate risk.  22p.                                   
     9903   Wambach, Achim.  Bargaining and renegotiation.  44p.        

     NATIONAL BUREAU OF ECONOMIC RESEARCH.  Working Papers.             

     6991   Abel, Andrew B.  The Social Security Trust Fund, the        
            riskless interest rate, and capital accumulation.  45p.     
     6996   Abowd, John M., Kramarz, Francis & Margolis, David N.       
            Minimum wages and employment in France and the United       
            States.  30p.                                               
     7018   Acemoglu, Daron.  Patterns of skill premia.  29p.           
     7004   Aizenman, Joshua & Turnovsky, Stephen J.  Reserve           
            requirements on sovereign debt in the presence of moral     
            hazard -- on debtors or creditors?  34p.                   
     7060   Alvarez, Fernando, Atkeson, Andrew & Kehoe, Patrick J.      
            Money and interest rates with endogenously segmented        
            markets.  36p.                                              
     7000   Anderson, James E. & Marcouiller, Douglas.  Trade,          
            insecurity, and home bias: an empirical investigation.  30p.
     7058   Anderson, Patricia M. & Levine, Phillip B.  Child care and  
            mothers' employment decisions.  55p.                        
     7056   Ang, Andrew & Bekaert, Geert.  International asset          
            allocation with time-varying correlations.  61p.            
     6982   Ashenfelter, Orley, Ashmore, David & Deschenes, Olivier.  Do
            unemployment insurance recipients actively seek work?:      
            randomized trials in four U.S. states.  28p.                
     7041   Auerbach, Alan J. & Oreopoulos, Philip.  Generational       
            accounting and immigration in the United States.  34p.      
     7035   Auerbach, Alan J. & Hassett, Kevin A.  A new measure of     
            horizontal equity.  42p.                                    
     7036   Auerbach, Alan J. & Hassett, Kevin A.  Uncertainty and the  
            design of long-run fiscal policy.  27p.                     
     7071   Bagwell, Kyle & Staiger, Robert W.  Multilateral trade      
            negotiations, bilateral opportunism and the rules of GATT.  
            54p.                                                        
     7069   Baks, Klaas, Metrick, Andrew & Wachter, Jessica.  Bayesian  
            performance evaluation.  54p.                               
     7019   Baldwin, Robert E.  Inferring relative factor price changes 
            from quantitative data.  22p.                               
     7038   Barro, Robert J.  Inequality, growth, and investment.  52p. 
     7046   Baxter, Marianne & Jermann, Urban J.  Household production  
            and the excess sensitivity of consumption to current income.
             60p.                                                       
     7003   Bayard, Kimberly, et al.  New evidence on sex segregation   
            and sex differences in wages from matched employee-employer 
            data.  60p.                                                 
     7026   Bergin, Paul R. & Feenstra, Robert C.  Pricing to market,   
            staggered contracts, and real exchange rate persistence.    
            39p.                                                        
     7024   Berndt, Ernst R., Pindyck, Robert S. & Azoulay, Pierre.     
            Network effects and diffusion in pharmaceutical markets:    
            anti-ulcer drugs.  31p.                                     
     6998   Blank, Rebecca M., Card, David & Robins, Philip K.          
            Financial incentives for increasing work and income among   
            low-income families.  45p.                                  
     7040   Blonigen, Bruce A. & Slaughter, Matthew J.                  
            Foreign-affiliate activity and U.S. skill upgrading.  35p.  
     7030   Bohn, Henning.  Social security and demographic uncertainty:
            the risk sharing properties of alternative policies.  52p.  
     7005   Brown, Jeffrey R., Mitchell, Olivia S. & Poterba, James M.  
            The role of real annuities and indexed bonds in an          
            individual accounts retirement program.  47p.               
     6974   Butcher, Kristin F. & Piehl, Anne M.  The role of           
            deportation in the incarceration of immigrants.  46p.       
     7029   Campbell, John Y., et al.  Investing retirement wealth: a   
            life-cycle model.  47p.                                     
     6987   Caplin, Andrew & Leahy, John.  Durable goods cycles.  26p.  
     7047   Chaloupka, Frank J. & Warner, Kenneth E.  The economics of  
            smoking.  67p.                                              
     7039   Chan, Louis K.C., Karceski, Jason & Lakonishok, Josef.  On  
            portfolio optimization: forecasting covariances and choosing
            the risk model.  58p.                                       
     7027   Christiano, Lawrence J. & Vigfussion, Robert J.  Maximum    
            likelihood in the frequency domain: a time to build example.
             15p.                                                       
     7017   Christiano, Lawrence J. & Gust, Christopher J.  Taylor rules
            in a limited participation model.  27p.                     
     6989   Coronado, Julia L., Fullerton, Don & Glass, Thomas.         
            Distributional impacts of proposed changes to the social    
            security system.  51p.                                      
     6833   Corsetti, Giancarlo, Pesenti, Paolo & Roubini, Nouriel.     
            What caused the Asian currency and financial crisis?, part  
            1: A macroeconomic overview.  49p.                          
     6855   Costa, Dora L.  Hours of work and the Fair Labor Standards  
            Act: A study of retail and wholesale trade, 1938-1950.  38p.
     6999   Currie, Janet & Hyson, Rosemary.  Is the impact of health   
            shocks cushioned by socioeconomic status?: the case of low  
            birthweight.  37p.                                          
     7057   den Haan, Wouter J., Ramey, Garey & Watson, Joel.  Liquidity
            flows and fragility of business enterprises.  49p.          
     6992   Devereux, Michael B. & Engel, Charles.  The optimal choice  
            of exchange rate regime: price-setting rules and            
            internationalized production.  36p.                         
     7050   Diamond, Peter.  Administrative costs and equilibrium       
            charges with individual accounts.  31p.                     
     6994   Dumas, Bernard & Uppal, Raman.  Global diversification,     
            growth and welfare with imperfectly integrated markets for  
            goods.  32p.                                                
     6976   Ehrenberg, Ronald G. & Mykula, Jaroslava K.  Do indirect    
            cost rates matter?  27p.                                   
     7067   Engel, Charles.  On the foreign exchange risk premium in    
            sticky-price general equilibrium models.  16p.              
     7002   Farber, Henry S.  Alternative and part-time employment      
            arrangements as a response to job loss.  32p.               
     7065   Feldstein, Martin & Ranguelova, Elena.  The economics of    
            bequests in pensions and social security.  34p.             
     7016   Feldstein, Martin, Ranguelova, Elena & Samwick, Andrew.  The
            transition to investment-based social security when         
            portfolio returns and capital profitability are uncertain.  
            68p.                                                        
     7009   Ferson, Wayne E. & Harvey, Campbell R.  Conditioning        
            variables and the cross-section of stock returns.  58p.     
     7011   Flavin, Marjorie.  Robust estimation of the joint           
            consumption/asset demand decision.  31p.                    
     6803   Foster, Lucia, Haltiwanger, John & Krizan, C.J.  Aggregate  
            productivity growth: lessons from microeconomic evidence.   
            83p.                                                        
     7052   Frank, Richard G. & McGuire, Thomas G.  Economics and mental
            health.  100p.                                              
     7073   Freeman, Richard B. & Rodgers, William M.  Area economic    
            conditions and the labor market outcomes of young men in the
            1990s expansion.  45p.                                      
     7059   Fullerton, Don & West, Sarah.  Can taxes on cars and on     
            gasoline mimic an unavailable tax on emissions?  29p.      
     7032   Gatev, Evan G., Goetzmann, William N. & Rouwenhorst, K.     
            Geert.  Pairs trading: performance of a relative value      
            arbitrage rule.  33p.                                       
     7033   Goetzmann, William N. & Massa, Massimo.  Index funds and    
            stock market growth.  49p.                                  
     6985   Goldberg, Linda & Tracy, Joseph.  Exchange rates and local  
            labor markets.  34p.                                        
     7034   Goulder, Lawrence H. & Williams, Roberton C.  The usual     
            excess-burden approximation usually doesn't come close.     
            36p.                                                        
     6984   Hall, Bronwyn H.  Innovation and market value.  34p.        
     7062   Hall, Bronwyn H. & Ham, Rose Marie.  The patent paradox     
            revisited: determinants of patenting in the U.S.            
            semiconductor industry, 1980-94.  42p.                      
     7025   Hall, Robert E.  The concentration of job destruction.  19p.
     7054   Hanson, Gordon H., Robertson, Raymond & Spilimbergo,        
            Antonio.  Does border enforcement protect U.S. workers from 
            illegal immigration?  49p.                                 
     7074   Hanson, Gordon H. & Slaughter, Matthew J.  The Rybczynski   
            theorem, factor-price equalization and immigration: evidence
            from U.S. states.  46p.                                     
     7082   Hanushek, Eric A., Kain, John F. & Rivkin, Steven G.  Do    
            higher salaries buy better teachers?  51p.                 
     6981   Harrigan, James & Balaban, Rita A.  U.S. wages in general   
            equilibrium: the effects of prices, technology, and factor  
            supplies, 1963-1991.  48p.                                  
     6978   Haskel, Jonathan & Slaughter, Matthew J..  Trade, technology
            and U.K. wage inequality.  35p.                             
     6983   Heckman, James J. & Smith, Jeffrey A.  The pre-program      
            earnings dip and the determinants of participation in a     
            social program: implications for simple program evaluation
	    strategies.  61p.          
     6820   Hines, James R.  Nonprofit business activity and the        
            unrelated business income tax.  39p.                        
     7070   Hopenhayn, Hugo & Mitchell, Matthew F.  Innovation fertility
            and patent design.  34p.                                    
     7020   Huddart, Steven, Jagannathan, Ravi & Saly, Jane.  Valuing   
            the reload features of executive stock options.  32p.       
     7048   Hurd, Michael D.  Mortality risk and consumption by couples.
             49p.                                                       
     7001   Imbens, Guido W., Rubin, Donald B. & Sacerdote, Bruce.      
            Estimating the effect of unearned income on labor supply,   
            earnings, savings, and consumption: evidence from a survey  
            of lottery players.  58p.                                   
     7064   Jaffe, Adam B. & Lerner, Josh.  Privatizing R & D: Patent   
            policy and the commercialization of national laboratory     
            technologies.  49p.                                         
     7049   James, Estelle, et al.  Mutual funds and institutional      
            investments: what is the most efficient way to set up       
            individual accounts in a social security system?  60p.      
     7063   Jones, Larry E., Manuelli, Rodolfo E. & Stacchetti, Ennio.  
            Technology (and policy) shocks in models of endogenous      
            growth.  37p.                                               
     7072   Jones, Larry E. & Manuelli, Rodolfo E.  Volatile policy and 
            private information: the case of monetary policy.  35p.     
     6990   Keller, Wolfgang.  How trade patterns and technology flows  
            affect productivity growth.  55p.                           
     7068   Khan, B. Zorina.  Legal monopoly: patents and antitrust     
            litigation in U.S. manufacturing, 1970 - 1998.  33p.        
     6986   Kolev, Dobrin R. & Prusa, Thomas J.  Dumping and double     
            crossing: the (in)effectiveness of cost-based trade policy  
            under incomplete information.  42p.                         
     7006   Krueger, Alan B.  Measuring labor's share.  14p.            
     6980   Lakdawalla, Darius & Philipson, Tomas.  Aging and the growth
            in long-term care.  32p.                                    
     7055   Lamont, Owen.  Economic tracking portfolios.  45p.          
     6973   Lamont, Owen.  Investment plans and stock returns.  30p.    
     7015   MaCurdy, Thomas E. & Shoven, John B.  Asset allocation and  
            risk allocation: can social security improve its future     
            solvency problem by investing in private securities?  31p.  
     7031   McHale, John.  The risk of social security benefit rule     
            changes: some international evidence.  72p.                 
     6711   Maggi, Giovanni & Rodriguez-Clare, Andres.  Import          
            penetration and the politics of trade protection.  21p.     
     7045   Mendoza, Enrique G. & Uribe, Martin.  The business cycles of
            balance-of-payment crises: a revision of a Mundellian       
            framework.  47p.                                            
     7014   Mendoza, Enrique G. & Uribe, Martin.  Devaluation risk and  
            the syndrome of exchange-rate based stabilizations.  46p.   
     6975   Menes, Rebecca.  The effect of patronage politics on city   
            government in American cities, 1900 - 1910.  57p.           
     7044   Mishkin, Frederic S.  International experiences with        
            different monetary policy regimes.  48p.                    
     6995   Moffitt, Robert A.  Demographic change and public assistance
            expenditures.  48p.                                         
     7037   Philipson, Tomas.  Economic epidemiology and infectious     
            diseases.  44p.                                             
     6993   Polinsky, A. Mitchell & Shavell, Steven.  The economic      
            theory of public enforcement of law.  54p.                  
     7012   Rangan, Subramanian & Lawrence, Robert Z.  Search and       
            deliberation in international exchange: learning from       
            multinational trade about lags, distance effects, and home
	    bias.  32p.   
     7053   Rauch, James E. & Watson, Joel.  Starting small in an       
            unfamiliar environment.  33p.                               
     7013   Razin, Assaf & Sadka, Efraim.  Unskilled migration: a burden
            or a boon for the welfare state.  23p.                      
     7066   Sakakibara, Mariko & Branstetter, Lee.  Do stronger patents 
            induce more innovation?: Evidence from the 1998 Japanese    
            patent law reforms.  57p.                                   
     7008   Shiller, Robert J.  Measuring bubble expectations and       
            investor confidence.  29p.                                  
     6979   Sinn, Hans-Werner.  Inflation and welfare: comment on Robert
            Lucas.  12p.                                                
     7023   Stock, James H. & Watson, Mark W.  Forecasting inflation.   
            44p.                                                        
     7021   Stulz, Rene M.  Globalization of equity markets and the cost
            of capital.  66p.                                           
     7022   Trajtenberg, Manuel.  Innovation in Israel, 1968-97: a      
            comparative analysis using panel data.  28p.                
     6988   Weitzman, Martin L.  A contribution to the theory of welfare
            comparisons.  22p.                                          
     7010   Zarnowitz, Victor.  Theory and history behind business      
            cycles: are the 1990s the onset of a golden age?  49p.     

     NEW YORK UNIVERSITY.  Salomon Center (Stern School of Business).   

     9920   Bonin, John & Wachtel, Paul.  Lessons from bank             
            privatization in central Europe.  21p.                      
     9919   Chang, Isaac J.  Nonlinear prediction of conditional        
            percentiles for value-at-risk.  20p.                        
     9921   Das, Sanjiv Ranjan & Sundaram, Rangarajan K.  A             
            discrete-time approach to arbitrage-free pricing of credit  
            derivatives.  26p.                                          
     9922   Das, Sanjiv Ranjan & Sundaram, Rangarajan K.  Fee speech:   
            signalling and the regulation of mutual fund fees.  36p.    
     9919   Kapusta, Matthew C.  Market efficiency and its effect on    
            performance persistence.  19p.                              
     9919   McKenna, Mark R.  Methods of divesting assets: straight     
            sales, carve-outs, spin-offs, tracking stocks and hybrid    
            divestitures.  16p.                                         

     NEW YORK UNIVERSITY.  Stern School of Business-Dept. of Economics. 

     9907   Campa, Jose Manuel & Goldberg, Linda S.  Employment versus  
            wage adjustment and the U.S. dollar.  39p.                  
     9906   Campa, Jose Manuel & Kedia, Simi.  Explaining the           
            diversification discount.  47p.                             
     9908   Campa, Jose Manuel, Chang, P.H. Kevin & Refalo, James F.  An
            options-based anslysis of emerging market exchange rate     
            expectations: Brazil's Real plan.  43p.                     
     9909   Economides, Nicholas.  U.S. telecommunications today, April 
            1999.  26p.                                                 

     NORWEGIAN SCHOOL OF ECONOMICS & BUSINESS ADMINISTRATION.           

     12/99  Bjorvatn, Kjetil.  Economic integration and foreign direct  
            investment.  16p.                                           
     11/99  Bjorvatn, Kjetil.  Infrastructure and industrial location in
            LDCs.  14p.                                                 
     8/99   Haufler, Andreas & Schjelderup, Guttorm.  Tacit collusion   
            under destination- and origin-based commodity taxation.     
            31p.                                                        
     7/99   Kind, Hans Jarle, Knarvik, Karen H.M. & Schjelderup,        
            Guttorm.  Competing for capital in a `lumpy' world.  26p.   
     10/99  Sandmo, Agnar.  Towards a competitive society?: the         
            promotion of competition as a goal of economic policy.  24p.
     9/99   Schroyen, Fred & Torsvik, Gaute.  Work requirements and long
            term poverty.  32p.                                         

     UNIVERSIDADE NOVA DE LISBOA.  Faculdade de Economia.               

     342    Araujo, Aloisio P. & Pascoa, Mario R.  Bankruptcy in a model
            of unsecured claims.  35p.                                  
     339    Araujo, Aloisio, Orrillo, Jaime & Pascoa, Mario R.          
            Equilibrium with default and endogenous collateral.  27p.   
     344    Costa, Luis Almeida & Dierickx, Ingemar.  Bundling and      
            licensing.  30p.                                            
     336    Hartog, Joop, Pereira, Pedro T. & Vieira, Jose A.C.         
            Changing returns to education in Portugal during the 1980s  
            and early 1990s: OLS and quantile regression estimators.    
            30p.                                                        
     343    Lang, Gunther.  Bargaining and the observability of         
            contractual commitment via third parties.  17p.             
     338    Nunes, Luis C., et al.  Identifying nonrational behavior in 
            recreation demand models.  22p.                             

     UNIVERSITY OF OXFORD.  Nuffield College.                           

     99-7   Cameron, Gavin & Muellbauer, John.  Earnings, unemployment, 
            and housing: evidence from a panel of British regions.  43p.
     99-3   Hall, Bronwyn H.  Innovation and market value.  34p.        
     99-2   Kuha, Jouni & Temple, Jonathan.  Covariate measurement error
            in quadratic regression.  31p.                              
     99-1   Myatt, David P. & Wallace, Chris.  Sophisticated play by    
            idiosyncratic agents.  38p.                                 
     99-5   Nuttall, Robin.  An empirical analysis of the effects of the
            threat of takeover on U.K. company performance.  53p.       
     99-6   Nuttall, Robin.  Takeover likelihood models for U.K. quoted 
            companies.  51p.                                            
     99-4   Stevens, Margaret.  Should firms be required to pay for     
            vocational training?  39p.                                 

     UNIVERSITY OF PENNSYLVANIA.  Center for Analytic Research in Econ. 

     9903   Halevy, Yoram & Feltkamp, Vincent.  A Bayesian approach to  
            uncertainty aversion.  21p.                                 
     9902   Horner, Johannes.  Reputation and competition.  34p.        
     9904   Matthews, Steven A.  Renegotiating moral hazard contracts   
            under limited liability and monotonicity.  40p.             

     UNIVERSITY OF PENNSYLVANIA.  Institute for Economic Research.      

     9904   Aragones, Enriqueta & Postlewaite, Andrew.  Ambiguity in    
            election games.  33p.                                       

     PRINCETON UNIVERSITY.  Industrial Relations Section.               

     417    Farber, Henry S. & Hallock, Kevin F.  Have employment       
            reductions become good news for shareholders?: The effect of
            job loss announcements on stock prices, 1970-97.  45p.      

     QUEEN'S UNIVERSITY.  Institute for Economic Research.              

     984    Boadway, Robin, Cuff, Katherine & Marchand, Maurice.        
            Optimal income taxation with quasi-linear preferences       
            revisited.  32p.                                            

     UNIVERSITY OF ROCHESTER.  Center for Economic Research.            

     461    Burnside, Craig, Eichenbaum, Martin & Rebelo, Sergio.       
            Hedging and financial fragility in fixed exchange rate      
            regimes.  58p.                                              
     460    Greenwood, Jeremy & Jovanovic, Boyan.  The information      
            technology revolution and the stock market.  15p.           
     459    McKenzie, Lionel.  The first conferences on the theory of   
            economic growth.  11p.                                      

     UNIVERSITY OF SOUTHAMPTON.  Department of Economics.               

     9822   Mateos, Xavier.  Longer lives, fertility, and accumulation. 
            31p.                                                        

     UNIVERSITY OF STOCKHOLM.  Department of Economics.                 

     99-5   Dufwenberg, Martin.  Teaching Cournot without derivatives.  
            5p.                                                         
     99-4   Dufwenberg, Martin & Gneezy, Uri.  Price competition and    
            market concentration: an experimental study.  26p.          
     99-6   Voorneveld, Mark.  Numerical representation of incomplete   
            and nontransitive preferences and indifferences on a        
            countable set.  8p.                                         

     TEL-AVIV UNIVERSITY.  Eitan Berglas School of Economics.           

     14/99  Dranove, David & Gandal, Neil.  The DVD vs. DIVX standard   
            war: network effects and empirical evidence of vaporware.   
            18p.                                                        
     13/99  Eckwert, Bernhard & Zilcha, Itzhak.  Incomplete risk sharing
            arrangements and the value of information.  22p.            
     15/99  Hercowitz, Zvi & Yashiv, Eran.  A macroeconomic experiment  
            in mass immigration.  23p.                                  
     12/99  Viaene, Jean-Marie & Zilcha, Itzhak.  Optimal education when
            capital markets are integrated.  32p.                       

     UNIVERSITY OF TOKYO. Ctr. for Int'l. Research on the Japanese Econ.

     43     Aoki, Masanao & Yoshikawa, Hiroshi.  Demand creation and    
            economic growth.  37p.                                      
     47     Eguchi, Kyota.  Effect of the union under moral hazard.     
            28p.                                                        
     46     Eguchi, Kyota.  Unions as commitment devices: strong unions 
            are welcome.  38p.                                          
     45     Eguchi, Kyota.  Wage profile and monitoring under adverse   
            selection.  20p.                                            
     49     Kandori, Michihiro.  Check your partners' behavior by       
            randomization: new efficiency results on repeated games with
            imperfect monitoring.  23p.                                 
     48     Miwa, Yoshiro & Ramseyer, J. Mark.  Corporate  governance in
            transitional economies: lessons from the pre-war Japanese   
            cotton textile industry.  31p.                              
     44     Nakanishi, Toru.  Poverty, customary economy and migration  
            in metro Manilla: an analysis of changes in social customs  
            in a squatter area, 1985-1994.  47p.                        

     UNIVERSITY OF VIENNA.  Department of Economics.                    

     9810   Gotz, Georg.  Sunk costs, windows of profit opportunities,  
            and the dynamics of entry.  26p.                            
     9809   Kaufmann, Sylvia.  Bayes inference in common Markov         
            switching trends models.  21p.                              
     9811   Podczeck, Konrad.  Quasi-equilibrium and equilibrium in a   
            large production economy with differentiated commodities.   
            50p.                                                        

     UNIVERSITY OF WISCONSIN.  Social Systems Research Institute.       

     9814   Andreoni, James & Miller, John H.  Analyzing choice with    
            revealed preference: Is altruism rational?  13p.           
     9811   Andreoni, James & Croson, Rachel.  Partners versus          
            strangers: The effect of random rematchnig in public goods  
            experiments.  12p.                                          
     9810   Andreoni, James & Vesterlund, Lise.  Which is the fair sex?:
            Gender differences in altruism.  24p.                       
     9815   Bagwell, Kyle & Staiger, Robert W.  An economic theory of   
            GATT.  53p.                                                 
     9809   Bagwell, Kyle & Staiger, Robert W.  The simple economics of 
            labor standards and the GATT.  42p.                         
     9802   Battalio, Raymond, Samuelson, Larry & Van Huyck, John.  Risk
            dominance, payoff dominance and probabilistic choice        
            learning.  35p.                                             
     9820   Binmore, Ken & Samuelson, Larry.  Coordinated action in the 
            electronic mail game.  27p.                                 
     9817   Brock, William A. & Xepapadeas, Anastasios.  Optimal        
            management in Tilmania: a competitive species assembly      
            constrained by a limiting factor.  29p.                     
     9823   Brock, William A. & Hommes, Cars H.  Rational animal        
            spirits.  33p.                                              
     9827   Caner, Mehmet & Hansen, Bruce E.  Threshold autoregression  
            with a near unit root.  41p.                                
     9825   Carpenter, S.R., Ludwig, D. & Brock, W.A.  Management of    
            eutrophication for lakes subject to potentially irreversible
            change.  85p.                                               
     9806   Che, Yeon-Koo & Gale, Ian.  Difference-form contests and the
            robustness of all-pay auctions.  30p.                       
     9808   Che, Yeon-Koo & Yoo, Seung-Weon.  Optimal incentives for    
            teams.  37p.                                                
     9812   Che, Yeon-Koo & Schwartz, Alan.  Section 365, mandatory     
            bankruptcy rules and inefficient continuance.  28p.         
     9822   Deneckere, Raymond & Peck, James.  Demand uncertainty,      
            endogenous timing and costly waiting: jumping the gun in    
            competitive markets.  31p.                                  
     9803   Durlauf, Steven N. & Quah, Danny T.  The new empirics of    
            economic growth.  111p.                                     
     9824   Goldberger, Artbur S. & Kamin, Leon J.  Behavior-genetic    
            modeling of twins: a deconstruction.  77p.                  
     9801   Haile, Philip A.  Auctions with private uncertainty and     
            resale opportunities.  46p.                                 
     9830   Haile, Philip A.  Partial pooling at the reserve price in   
            auctions with resale opportunities.  20p.                   
     9826   Hansen, Bruce E.  The grid bootstrap and the autoregressive 
            model.  25p.                                                
     9816   Hester, Donald D.  Credit flows from banks and capital      
            markets in an evolving Europe.  17p.                        
     9805   LeBaron, Blake.  An evolutionary bootstrap method for       
            selecting dynamic trading strategies.  15p.                 
     9819   Mailath, George & Samuelson, Larry.  Who wants a good       
            reputation?  26p.                                          
     9818   Mailath, George J. & Samuelson, Larry.  Your reputation is  
            who you're not, not who you'd like to be.  39p.             
     9813   Mailath, George J., Samuelson, Larry & Shaked, Avner.       
            Endogenous inequality in integrated labor markets with      
            two-sided search.  60p.                                     
     9804   Noldeke, Georg & Samuelson, Larry.  How costly is the honest
            signaling of need?  25p.                                   
     9828   Sandholm, William H.  The evolution of preferences and rapid
            social change.  55p.                                        
     9829   Severini, Thomas & Tripathi, Gautam.  A simplified approach 
            to computing efficiency bounds in semiparametric models.    
            32p.                                                        
     9821   Severinov, Sergei.  Optimal structure of agency with product
            complementarity and substitutability.  58p.                 

     COWLES FOUNDATION AT YALE UNIVERSITY.  Reprint Series.             

     979    Andrews, Donald W.K.  Consistent moment selection procedures
            for generalized method of moments estimation.            
     965    Andrews, Donald W.K. & Schafgans, Marcia M.A.               
            Semiparametric estimation of the intercept of a sample      
            selection model.                                         
     971    Andrews, Donald W.K., Liu, Xuemei & Ploberger, Werner.      
            Tests for white noise against alternatives with both        
            seasonal and nonseasonal serial correlation.             
     973    Barany, Imre & Scarf, Herbert.  Matrices with identical sets
            of neighbors.                                            
     970    Chao, John C. & Phillips, Peter C.B.  Posterior             
            distributions in limited information analysis of the        
            simultaneous equations model using the Jeffreys prior.    
     976    Fair, Ray.  Estimated inflation costs had European          
            unemployment been reduced in the 1980s by macro policies.   
     974    Grant, Simon, Kajii, Atsushi & Polak, Ben.  Intrinsic       
            preference for information.                             
     977    Kajii, Atsushi & Morris, Stephen.  Payoff continuity in     
            incomplete information games.                            
     969    Morris, Stephen & Shin, Hyun Song.  Unique equilibrium in a 
            model of self-fulfilling currency attacks.               
     966    Phillips, Peter C.B.  New tools for understanding spurious  
            regressions.                                             
     972    Phillips, Peter C.B. & Xiao, Zhijie.  A primer on unit root 
            testing.                                                 
     978    Polak, Ben.  Epistemic conditions for Nash equilibrium, and 
            common knowledge of rationality.                        
     964    Shiller, Robert & Schneider, Ryan.  Labor income indices    
            designed for use in contracts promoting income risk         
            management.                                              
     967    Shubik, Martin.  Game theory, complexity, and simplicity    
            part III: critique and prospective.                     
     975    Tobin, James.  Monetary policy: recent theory and practice. 
     968    Xiao, Zhijie & Phillips, Peter C.B.  Higher-order           
            approximations for frequency domain time series regression. 

     UNIVERSITY OF WISCONSIN. Social Systems Research Institute-Reprints

     465    Andreoni, James, Erard, Brian & Feinstein, Jonathan.  Tax   
            compliance.                                             
     466    Brock, William A. & Hommes, Cars H.  Heterogeneous beliefs  
            and routes to chaos in a simple asset pricing model.    

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