New Acquisitions - March, 1995

                                                           PAGE   1


     UNIVERSITY OF ALBERTA.  Department of Economics.                   

     95-1   Boothe, P. & Finegan, B.A.  Changing the admission process  
            for elective surgery: an economic analysis.  14p.           
     9422   Howard, R., Ruggeri, G.C & Van Wart, D.  Federal tax changes
            and marginal tax rates, 1986 and 1993.  24p.                
     9423   McMillan, Melville L.  Continental economic integration: a  
            perspective on the relative threat to the Canadian          
            nation-state.  61p.                                         
     9421   Ryan, David L.  Income distribution effects in demand       
            systems.  26p.                                              
     95-2   Ryan, David L., Wang, Yu & Plourde, Andre.  Asymmetric price
            responses of residential energy demand.  46p.               

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

     9419   Chattopadhyay, Subir K.  Pareto optimal improvements for    
            sunspots: the golden rule as a target for stabilization.    
            22p.                                                        
     9418   Escobedo, M. Isabel & Mauleon, Ignacio.  Fiscal policy      
            restrictions in a monetary system: the case of Spain.  28p. 

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

     63     Andrikopoulos, Andreas A, Prodomidis, Kyprianos P. &        
            Serletis, Apostolos.  Electoral and partisan cycle          
            regularities: a cointegration test.  23p.                   

     AUSTRALIAN NATIONAL UNIVERSITY.  Faculty of Economics.             

     280    Grant, Simon & Quiggin, John.  Capital precommitment and    
            competition in supply schedules.  17p.                      
     279    Grant, Simon & Quiggin, John.  The meeting place problem:   
            salience and search.  24p.                                  
     275    Hartley, Peter & Jones, Chris.  Asset holdings of           
            heterogeneous consumers with endogenous time preference.    
            35p.                                                        
     281    Hylleberg, S. & Pagan, A.R.  Seasonal integration and the   
            evolving seasonals model.  26p.                             
     278    Junankar, P.N. & Madsen, Jacob B.  Unemployment in the OECD:
            models, myths and mysteries.  25p.                          
     276    King, Stephen P.  Is breaking-up beneficial?: the           
            implications of divestiture for industry conduct.  27p.     
     282    Lim, Francis K.  On the distribution of lotto.  20p.        
     277    Pagan, A.R. & Robertson, J.C.  Resolving the liquidity      
            effect.  59p.                                               

     BANCO DE ESPANA.  Servicio de Estudios.                            

     9506   Estrada, Angel & Valles, Javier.  Investment and financial  
            costs: Spanish evidence with panel data.  41p.              
     9504   Mestre, Ricardo.  A macroeconomic evaluation of the Spanish 
            monetary policy transmission mechanism.  42p.               




                                                           PAGE   2

     9505   Restoy, Fernando & Revenga, Ana.  Optimal exchange rate     
            flexibility in an economy with intersectoral rigidities and 
            nontraded goods.  38p.                                      
     9422   Vega, Juan Luis.  Is the ALP (liquid assets held by the     
            public) long-run demand function stable?.  27p.             

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

     266    Bergantinos, Gustavo & Masso, Jordi.  Notes on a new        
            compromise value: the X-value.  26p.                        
     268    Creel, Michael D.  Semi-nonparametric distribution-free     
            estimator of the probability of employment.  20p.           
     280    Danielson, John.  Multivariate stochastic volatility:       
            simulated likelihood estimation.  27p.                      
     258    da Rocha Alvarez, Jose M.  Horizontal competition in a      
            regulated market with joint production and adverse          
            selection.  26p.                                            
     278    de la Fuente, Angel & Vives, Xavier.  Education,            
            infrastructure and regional inequality: evidence from Spain 
            and implications for regional policy.  70p.                 
     270    de la Fuente, Angel.  A note on incentives and researcher   
            productivity in the Spanish public institutions.  11p.      
     243    Kuhn, Kai-Uwe.  Nonlinear pricing in vertically related     
            duopolies.  35p.                                            
     242    Kuhn, Kai-Uwe & Padilla, A. Jorge.  Product line decisions  
            and the Coase conjecture.  34p.                             
     262    Kuhn, Kai-Uwe & Vives, Xavier.  Excess entry, vertical      
            integration, and welfare.  49p.                             
     281    Macho-Stadler, Ines, Perez-Castrillo, David & Ponsati,      
            Clara.  Stable multilateral trade agreements.  29p.         
     260    Marmol, Francesc.  Nonsense regressions between integrated  
            processes of different orders.  25p.                        
     263    Petith, Howard C.  Natural resources and growth: endogenous 
            Cobb-Douglas justifies balance theory in the face of highly 
            regarded elast.  25p.                                       
     232    Petith, Howard C.  Why land grows more slowly than labour.  
            26p.                                                        
     272    Robson, A. & Wooders, M.  The growth-maximizing distribution
            of income.  31p.                                            

     UNIVERSITY OF CALIFORNIA-BERKELEY.  Department of Economics.       

     233    Shannon, Chris.  Determinacy in infinite horizon exchange   
            economies.  57p.                                            

     UNIVERSIDAD CARLOS III de MADRID.  Dept. de Economia.              

     9453   Moreno, Diego & Wooders, John.  Coalition-proof equilibrium.
             28p.                                                       
     9454   Ortigueira, Salvador & Santos, Manuel.  On convergence in   
            endogenous growth models.  33p.                             
     9445   Prados de la Escosura, Leandro & Sanz, Jorge C.  Growth and 
            macroeconomic performance in Spain, 1939-1993.  68p.        
     9446   Prados de la Escosura, Leandro.  Terms of trade and         
            backwardness: testing the Prebisch doctrine for Spain and   
            Britain during the industrialization.  48p.                 


                                                           PAGE   3

     9456   Wooders, John.  Bargaining and matching in small markets.   
            21p.                                                        
     9455   Wooders, John.  Equilibrium in a market with intermediation 
            is Walrasian.  23p.                                         

     COLUMBIA UNIVERSITY. Grad. School of Business-Paine Webber Series. 

     9423   Balduzzi, Pierluigi, Das, Sanjiv Ranjan & Foresi, Silverio. 
            The central tendency: a second factor in the short-term     
            rate.  22p.                                                 
     9421   Balduzzi, Pierluigi, Corsetti, Giancarlo & Foresi, Silverio.
             The simple analytics of assets values and infrequent policy
            changes.  21p.                                              
     9418   Brennan, Michael J. & Subrahmanyam, Avanidhar.  Market      
            microstructure and asset pricing: on the compensation for   
            adverse selection in stock returns.  32p.                   
     9417   Edwards, Franklin R.  Systematic risk in OTC derivatives    
            markets: much ado about not too much.  44p.                 
     9422   Foresi, Silverio & Peracchi, Franco.  The conditional       
            distribution of excess returns: an empirical analysis.  43p.
     9420   Leff, Nathaniel.  Trust, envy, and the political economy of 
            industrial development: economic groups in developing       
            countries.  28p.                                            
     9419   Spiegel, Matthew & Subrahmanyam, Avanidhar.  A theory of    
            "news pending" trading suspensions.  31p.                   

     COWLES FOUNDATION FOR RESEARCH IN ECONOMICS AT YALE UNIVERSITY.    

     1087   Barany, I., Scarf, H.E. & Shallcross, D.  The topological   
            structure of maximal lattice free convex bodies: the general
            case.  17p.                                                 
     1090   Hajivassiliou, Vasslis A. & Ioannides, Yannis M.            
            Unemployment and liquidity constraints.  48p.               
     1021 r Hajivassilious, Vassilis, McFadden, Daniel & Ruud, Paul.    
            Simulation of multivariate normal rectangle probabilities & 
            their derivatives: theoretical and computational result.    
            43p.                                                        
     1086   Linton, Oliver.  Edgeworth approximation for MINPIN         
            estimators to semiparametric regression models.  44p.       
     1088   Quint, Thomas & Shubik, Martin.  A model of migration.  12p.
     1089   Quint, Thomas & Shubik, Martin.  On the number of Nash      
            equilibria in a bimatrix game.  17p.                        
     1085   Sims, Christopher A. & Zha, Tao.  Error bands for impulse   
            responses.  38p.                                            

     (ENGLAND) CENTRE FOR ECONOMIC POLICY RESEARCH.                     

     1089   Anderson, Kym.  The political economy of coal subsidies in  
            Europe.  29p.                                               
     1088   Bayoumi, Tamim A., Goldstein, Morris & Woglom, Geoffrey.  Do
            credit markets discipline sovereign borrowers?: evidence    
            from U.S. states.  24p.                                     
     1096   Booth, Alison L.  The unemployment implications of mandatory
            firing costs.  31p.                                         




                                                           PAGE   4

     1097   Booth, Alison L. & Frank, Jeff.  Coverage by increment      
            scales.  29p.                                               
     1101   Booth, Alison L. & Zoega, Gylfi.  Quitting externalities,   
            employment cyclicality and firing costs.  34p.              
     1098   Burgess, Simon & Rees, Hedley.  Lifetime jobs and transient 
            jobs: job tenure in Britain, 1975-91.  55p.                 
     1119   Canova, Fabio & De Nicolo, Gianni.  The equity premium and  
            the risk free rate: a cross country, cross maturity         
            examination.  46p.                                          
     1113   Canova, Fabio & Ubide, Angel J.  Household production and   
            international business cycles.  41p.                        
     1100   Canzoneri, Matthew B. & Dellas, Harris.  Monetary           
            integration in Europe: implications for real interest rates,
            national stock markets and the volatility of .  27p.        
     1099   Canzoneri, Matthew B. & Dellas, Harris.  Real interest rates
            and central bank operating procedures.  33p.                
     1110   Chadha, Bankim & Coricelli, Fabrizio.  Unemployment,        
            investment and sectoral reallocation.  33p.                 
     1095   Crafts, Nicholas F.R & Toniolo, Gianni.  Post-war growth: an
            overview.  46p.                                             
     1122   De Fraja, Gianni.  Regulation and access pricing with       
            asymmetric information.  27p.                               
     1121   Diba, Behzad T. & Martin, Philippe.  Causality implications 
            of the public finance approach to inflation and seigniorage.
             18p.                                                       
     1128   Frankel, Jeffrey A. & Rose, Andrew K.  A panel project on   
            purchasing power parity: mean reversion within and between  
            countries.  18p.                                            
     1105   Gual, Jordi.  The coherence of EC policies on trade,        
            competition and industry.  61p.                             
     1112   Hoekman, Bernard & Mavroidis, Petros C.  The WTO's agreement
            on government procurement: expanding disciplines, declining 
            membership?.  22p.                                          
     1117   Jarvis, Sarah & Pudney, Stephen.  Redistributive policy in a
            transition economy: the case of Hungary.  47p.              
     1116   Marin, Dalia.  Learning and dynamic comparative advantage:  
            lessons from Austria's post-war pattern of growth for       
            Eastern Europe.  50p.                                       
     1107   Meyer, Margaret A. & Vickers, John.  Performance comparisons
            and dynamic incentives.  33p.                               
     1118   Micklewright, John & Nagy, Gyula.  Unemployment insurance   
            and incentives in Hungary.  42p.                            
     1106   Motta, Massimo, Thisse, J.F. & Cabrales, Antonio.  On the   
            persistence of leadership or leapfrogging in international  
            trade.  34p.                                                
     1109   O'Grada, Cormac & Duffy, Niall.  Fertility control early in 
            marriage in Ireland a century ago.  17p.                    
     1104   Prados de la Escosura, Leandro & Sanz, Jorge C.  Growth and 
            macroeconomic performance in Spain, 1939-93.  61p.          
     1091   Razin, Assaf & Sadka, Efraim.  Resisting migration: wage    
            rigidity and income distribution.  18p.                     
     1114   Sapir, Andre.  Trade liberalization and the harmonization of
            social policies: lessons from European integration.  37p.   
     1120   Soderlind, Paul & Vredin, Anders.  Applied cointegration    
            analysis in the mirror of macroeconomic theory.  25p.       



                                                           PAGE   5

     1103   Svensson, Lars E.O.  The Swedish experience of an inflation 
            target.  27p.                                               

     EUROPEAN UNIVERSITY INSTITUTE.  Department of Economics.           

     9426   Di Gioacchino, Debora.  The evolution of cooperation:       
            robustness to mistakes and mutation.  31p.                  
     9412   Ehrbeck, Tilman & Waldmann, Robert.  Can forecasters'       
            explain rejection of the rational expectations hypothesis?. 
            15p.                                                        
     94/6   Ermini, Luigi & Chang, Dongkoo.  Testing the joint          
            hypothesis of rationality and neutrality under seasonal     
            cointegration: the case of Korea.  20p.                     
     94/5   Govaerts, Bernadette, Hendry, David F. & Richard, J.F.      
            Encompassing in stationary linear dynamic models.  28p.     
     94/4   Hendry, David F.  On the interaction of unit roots and      
            exogeneity.  32p.                                           
     9418   Palomino, Frederic.  Noise trading in small markets.  25p.  
     94/3   Pelloni, Alessandra.  Public policy in a two sector model of
            endogenous growth.  26p.                                    
     9421   Salmon, Mark.  Bounded rationality and learning: procedural 
            learning.  44p.                                             

     FEDERAL RESERVE BANK OF CHICAGO.  Research Department.             

     9425   Hall, George J.  Overtime, effort and the propagation of    
            business cycle shocks.  32p.                                
     9427   Jacobson, Louis S., LaLonde, Robert J. & Sullivan, Daniel G.
             The returns from classroom training for displaced workers. 
            49p.                                                        
     9426   Laurent, Robert D.  Monetary policies in the early 1990s:   
            reflections of the early 1930s.  39p.                       

     FEDERAL RESERVE BANK OF DALLAS.  Financial Industry Studies.       

     5/94   Gunther, Jeffrey W. & Moore, Robert R.  Money, credit and   
            fiscal policy in Mexico's "lost decade".  21p.              

     FEDERAL RESERVE BANK OF KANSAS CITY.  Research Division.           

     9411   Filardo, Andrew J. & Gordon, Stephen F.  International      
            co-movements of business cycles.  37p.                      
     9410   Hess, Gregory D. & Wilson, B. Kemp.  Reinterpreting excess  
            sensitivity with precautionary savings.  37p.               

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

     98     Kollmann, Robert.  Fiscal policy, productivity shocks, and  
            the U.S. trade balance deficit.  38p.                       

     FEDERAL RESERVE BANK OF PHILDELPHIA.  Economic Research Division.  

     9427   Calem, Paul S. & Rizzo, John A.  Competition and            
            specialization in the hospital industry: an application of  
            Hotelling's location model.  34p.                           



                                                           PAGE   6

     9428   Campa, Jose M. & Chang, P.H. Kevin.  Realignment risk in the
            exchange rate mechanism: evidence from pound-mark cross rate
            options.  38p.                                              
     95-1   Chatterjee, Satyajit & Corbae, Dean.  Valuation equilibria  
            with transactions costs.  9p.                               
     9426   Croushore, Dean & Stark, Tom.  Evaluating McCallum's rule   
            for monetary policy.  32p.                                  

     FEDERAL RESERVE BOARD.  Finance & Economics Discussion Series.     

     95-4   Fallick, Bruce C. & Hassett, Kevin A.  Unionization and     
            acquisitions.  39p.                                         
     95-1   Fisher, Mark, Nychka, Douglas & Zervos, David.  Fitting the 
            term structure of interest rates with smoothing splines.    
            39p.                                                        
     95-5   Kennickell, Arthur B., Kwast, Myron L. & Starr-McCluer,     
            Martha.  Households' deposit insurance coverage: evidence   
            and analysis of potential reforms.  30p.                    
     95-2   Kortum, Samuel.  Research and productivity growth: theory   
            and evidence from patent data.  58p.                        
     95-3   Mariger, Randall P.  Public policy toward pensions: why     
            defined-contribution pensions dominate government-insured   
            benefit pensions.  48p.                                     

     FEDERAL RESERVE BOARD.  International Finance Papers.              

     502    Ammer, John & Mei, Jianping.  Strategic returns to          
            international diversification: an application to the equity 
            markets of Europe, Japan, and Nort.  22p.                   
     497    Bowman, David.  Constrained suboptimality in economies with 
            limited communication.  28p.                                
     498    Engel, Charles & Rogers, John H.  How wide is the border?.  
            36p.                                                        
     499    Kim, Sang W. & Rogers, John H.  International stock price   
            spillovers and market liberalization: evidence from Korea,  
            Japan, and the U.S.  23p.                                   
     500    Rogers, Diane L. & Rogers, John H.  Political competition,  
            causal relationships between taxes and spending, and their  
            influence on gvt. size.  23p.                               
     501    Rogers, John H. & Wang, Ping.  Real exchange rate movements 
            in high inflation countries.  32p.                          
     503    Uribe, Martin.  Exchange-rate based inflation stabilization:
            the initial real effects of credible plans.  36p.           

     HARVARD UNIVERSITY.  Institute of Economic Research.               

     1706   Baliga, Sandeep, Corchon, Luis & Sjostrom, Tomas.  The      
            theory of implementation when the planner is a player.  43p.
     1710   Ball, Laurence, Elmendorf, Douglas W. & Mankiw, N. Gregory. 
            The deficit gamble.  47p.                                   
     1711   Campbell, John Y.  Understanding risk and return.  62p.     
     1708   Campbell, John Y. & Cochrane, John H.  By force of habit: a 
            consumption-based explanation of aggregate stock market     
            behavior.  47p.                                             




                                                           PAGE   7

     1704   Jorgenson, Dale W.  Empirical studies of depreciation.  38p.
     1707   Jorgenson, Dale W. & Stiroh, Kevin.  Computers and growth.  
            38p.                                                        
     1709   O'Rourke, Kevin & Williamson, Jeffrey G.  Open economy      
            forces and late 19th century Scandinavian catch-up.  92p.   
     1705   Weitzman, Martin L.  The Noah's Ark problem.  27p.          

     HITOTSUBASHI UNIVERSITY.  Institute for Economic Research.         

     297    Konno, Yoshihiko, Kariya, Takeaki & Strawderman, William E. 
            Construction of improved estimators for the regression      
            coefficient matrix in GMANOVA models.  15p.                 

     UNIVERSITY OF ICELAND.  Faculty of Economics & Business Admin.     

     26     Einarsson, Tor.  Labour income taxation and welfare under   
            endogenous growth.  15p.                                    
     25     Herbertsson, Tryggvi T.  Growth accounting: an alternative  
            approach.  22p.                                             

     INSTITUT NATIONAL DE LA STATISTIQUE ET DES ETUDES ECONOMIQUES.     

     95-2   Broze, L., Melard, G. & Scaillet, O.  Forecast intervals in 
            ARCH exponential smoothing.  24p.                           
     9503   Broze, L., Scaillet, O. & Zakoian, J.M.  Testing for        
            continuous time models of the short term interest rate.     
            29p.                                                        
     9501   Deaton, A. & Laroque, G.  Estimating a nonlinear rational   
            expectations model with unobservable state variables.  42p. 

     INSTITUTO TECNOLOGICO AUTONOMO DE MEXICO. Centro de Invest. Econ.  

     9410   Bona, Jerry L. & Santos, Manuel S.  On the role of          
            computation in economic theory.  41p.                       
     9408   Cooley, Thomas F. & Yorukoglu, Mehmet.  The replacement     
            problem.  34p.                                              
     9407   Hernandez, Alejandro & Santos, Manuel S.  Competitive       
            equilibria for infinite-horizon economies with incomplete   
            markets.  33p.                                              
     9409   Ortigueria, Salvador & Santos, Manuel S.  On convergence in 
            endogenous growth models.  31p.                             
     9411   Renero, Juan M.  Gresham's Law type equilibria in the       
            Kiyotaki-Wright model.  38p.                                

     BANCA DE ITALIA.  Research Department.                             

     245    Cornelli, Francesca & Felli, Leonardo.  Efficiency of       
            bankruptcy procedures.  29p.                                
     237    Hart, Oliver.  Capital structure decisions of a public      
            company.  49p.                                              
     246    Zingales, Luigi.  Change of ownership: incentives and rules.
             40p.                                                       

     JOHNS HOPKINS UNIVERSITY.  Department of Political Economy.        

     338    Foster, Dean & Young, H. Peyton.  On the nonconvergence of  
            fictitious play in coordination games.  8p.                 

                                                           PAGE   8

     336    de Lima, Pedro J.  On the robustness of non-linearity to    
            moment condition failure.  32p.                             
     337    Kaniovski, Yuri M. & Young, H. Peyton.  Learning dynamics in
            games with stochastic perturbations.  27p.                  

     UNIVERSITY OF KANSAS.  Department of Economics.                    

     95-1   Shin, Kwanho.  Inter- and intra-sectoral shocks: effects of 
            the unemployment rate.  33p.                                

     LA TROBE UNIVERSITY.  Department of Economics.                     

     9401   Hewitson, Gillian.  Rational economic man: a feminist       
            evaluation.  33p.                                           
     9402   Howard, M.C. & King, J.E.  Marxian theory and the economics 
            of socialism: an overview of the legacy.  20p.              

     LONDON SCHOOL OF ECONOMICS.  Int'l. Centre for Econ & Related Disc.

     280    Moen, Espen R.  A matching model with wage announcement.    
            30p.                                                        

     UNIVERSITY OF LONDON-BIRKBECK COLLEGE.  Department of Economics.   

     17/94  Dutta, Jayasri & Kapur, Sandeep.  Liquidity preference and  
            financial intermediation.  34p.                             
     18/94  Tronzano, Marco.  Assessing the credibility of a target     
            zone: an alternative approach applied to France (1988-93).  
            43p.                                                        

     UNIV. OF LONDON-BIRKBECK COLLEGE.  Papers in Financial Economics.  

     4/94   Dacco, Roberto.  A bivariate threshold autoregressive model 
            for the Italian stock market.  31p.                         

     UNIVERSITY OF MARYLAND.  Department of Economics.                  

     9503   Kelejian, Harry H. & Prucha, Ingmar R.  A generalized       
            moments estimator for the autoregressive parameter in a     
            spatial model.  34p.                                        
     9501   Lyon, Andrew B.  Individual marginal tax rates under the    
            U.S. tax and transfer system: effects of the 1986 and 1993  
            tax acts.  40p.                                             
     9502   Oates, Wallace E. & Schwab, Robert M.  The impact of urban  
            land taxation: the Pittsburgh experience.  47p.             

     UNIVERSITY OF MELBOURNE.  Department of Economics.                 

     445    Borland, Jeff.  Union effects on the structure and          
            dispersion of earnings in Australia, 1986 - 1992.  26p.     
     447    Clarke, Harry R. & Martin, Vance L.  Does capital chase     
            labour internationally?.  31p.                              
     449    Cornwell, Antonia.  Reducing carbon dioxide emissions in    
            Australia: a minimum disruption approach.  31p.             




                                                           PAGE   9

     450    Creedy, John.  Measuring income inequality and tax          
            progressivity: an introduction.  30p.                       
     446    Dowling, Bartholomew.  Is the long wave getting shorter?.   
            30p.                                                        
     448    Emberton, Paul C.L.  Models of the electoral business cycle:
            a critical survey.  20p.                                    

     UNIVERSITY OF MINNESOTA.  Economic Development Center.             

     95-1   Elbasha, Elamin H. & Roe, Terry.  On endogenous growth: the 
            implications of environmental externalities.  42p.          

     MONASH UNIVERSITY.  Department of Economics.                       

     25/94  Fisher, Eric O'N.  Crowding out in a model of endogenous    
            growth.  32p.                                               
     23/94  Krueger, Anne O. & Duncan, Roderick.  The political economy 
            of controls: complexity.  38p.                              
     24/94  Ng, Yew-Kwang.  Ranking utility streams of infinite length: 
            the immunity of utilitarianism from some recent attacks.    
            19p.                                                        

     NATIONAL BUREAU OF ECONOMIC RESEARCH.  Working Papers.             

     4992   Alesina, Alberto & Perotti, Roberto.  Economic risk and     
            political risk in fiscal unions.  26p.                      
     5001   Anderson, Patricia M. & Burgess, Simon M.  Empirical        
            matching functions: estimation and interpretation using     
            disaggregate data.  29p.                                    
     4990   Bekaert, Geert & Urias, Michael S.  Diversification,        
            integration and emerging market closed-end funds.  59p.     
     4995   Campbell, John Y. & Cochrane, John H.  By force of habit: a 
            consumption-based explanation of aggregate stock market     
            behavior.  55p.                                             
     4989   Campbell, Thomas J., Kessler, Daniel P. & Shepherd, George  
            B.  The causes and effects of liability reform: some        
            empirical evidence.  44p.                                   
     4998   Carlton, Dennis W., Bamberger, Gustavo E. & Epstein, Roy J. 
            Antitrust and higher education: was there a conspiracy to   
            restrict financial aid?.  37p.                              
     4993   Edwards, Franklin R. & Mishkin, Frederic S.  The decline of 
            traditional banking: implications for financial stability   
            and regulatory policy.  45p.                                
     5000   Feldstein, Martin.  Behavioral responses to tax rates:      
            evidence from the Tax Reform Act of 1986.  12p.             
     4987   Glaeser, Edward L.  The incentive effects of property taxes 
            on local governments.  24p.                                 
     4994   Gray, Wayne B. & Shadbegian, Ronald J.  Pollution abatement 
            costs, regulation, and plant level productivity.  30p.      
     4996   Gustman, Alan L. & Juster, F. Thomas.  Income and wealth of 
            older American households: modelling issues for public      
            policy analysis.  64p.                                      
     4997   Kandel, Shmuel & Stambaugh, Robert F.  On the predictability
            of stock returns: an asset-allocation perspective.  39p.    




                                                           PAGE  10

     4999   Krishna, Kala.  The adding up problem: a targeting approach.
             37p.                                                       
     4991   Levitt, Steven D.  Using electoral cycles in police hiring  
            to estimate the effect of police on crime.  44p.            
     5002   Levitt, Steven D. & Snyder, James M.  The impact of federal 
            spending on house election outcomes.  28p.                  
     5003   Rosen, Sherwin.  Public employment, taxes and the welfare   
            state in Sweden.  59p.                                      
     4925   Ruhm, Christopher J.  Do pensions increase the labor supply 
            of older men?.  25p.                                        

     NATIONAL BUREAU OF ECONOMIC RESEARCH.  Technical Papers.           

     171    Horvath, Michael T.K. & Watson, Mark W.  Testing for        
            cointegration when some of the cointegrating vectors are    
            known.  38p.                                                

     UNIVERSITY OF NEW ENGLAND (Australia).  Department of Econometrics.

     78     Zapata, Hector O. & Rambaldi, Alicia N.  Small sample       
            performance of non-causality tests in cointegrated systems. 
            16p.                                                        

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

     9431   Backus, David K., Foresi, Silverio & Zin, Stanley E.        
            Arbitrage opportunities in arbitrage-free models of bond    
            pricing.  37p.                                              
     9427   Bodie, Zvi.  What the Pension Benefit Guarantee Corporation 
            can learn from the Federal Savings and Loan Insurance       
            Corporation.  23p.                                          
     9428   Brown, Stephen J. & Goetzmann, William N.  Performance      
            persistence.  32p.                                          
     9434   Chen, Yehning, Weston, J.F. & Altman, Edward I.  Financial  
            distress and restructuring models.  40p.                    
     9432   Franke, Gunter, Stapleton, Richard C. & Subrahmanyam, Marti 
            G.  The size of background risk and the theory of risk      
            bearing.  24p.                                              
     9433   Ho, T.S., Stapleton, Richard C. & Subrahmanyam, Marti G.    
            Correlation risk, cross market derivative products and      
            portfolio performance.  29p.                                
     95-1   John, Kose, Saunders, Anthony & Senbet, Lemma W.  A theory  
            of bank regulation and management compensation.  34p.       
     9430   Kim, Harold Y. & Mei, Jianping.  Political risk and stock   
            returns: the case of Hong Kong.  51p.                       
     9429   Mei, Jianping.  A BMWtv approach to the conditional         
            arbitrage pricing model.  36p.                              
     9426   Sametz, Arnold W.  Reconfiguring corporate governance       
            activity of private pension funds.  36p.                    

     NEW YORK UNIVERSITY.  Stern School of Business.                    

     9428   Backus, David K., Foresi, Silverio & Zin, Stanley E.        
            Arbitrage opportunities in arbitrage-free models of bond    
            pricing.  37p.                                              



                                                           PAGE  11

     9501   Gilchrist, Simon & Himmelberg, Charles P.  Evidence on the  
            role of cash flow for investment.  36p.                     
     9502   Gilchrist, Simon & Himmelberg, Charles P.  Hypothesis       
            testing with two-step GMM estimators.  11p.                 
     9427   Udell, Gregory F. & Wachtel, Paul.  Financial system design 
            for formerly planned economies: defining the issues.  89p.  

     UNIVERSITY OF PENNSYLVANIA.  Center for Analytic Research in Econ. 

     9421   Coate, Stephen & Morris, Stephen.  On the form of transfers 
            to special interests.  30p.                                 
     9422   Matsui, Akihiko & Postlewaite, Andrew.  Specialization of   
            labor and the distribution of income.  18p.                 

     PRINCETON UNIVERSITY.  Industrial Relations Section.               

     341    Farber, Henry S.  Are lifetime jobs disappearing?: job      
            duration in the United States, 1973-1993.  56p.             
     342    Farber, Henry S. & Gowa, Joanne.  Common interests or common
            polities?: reinterpreting the democratic peace.  39p.       
     340    Hallock, Kevin.  Executive pay and reciprocally interlocking
            boards of directors.  55p.                                  

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

     1072   Hunsaker, Julie & Kovenock, Dan.  The pattern of exit from  
            declining industries.  24p.                                 
     1071   Matheny, Kenneth J.  Real effects of monetary policy in a   
            'neoclassical' model: the case of interest rate targeting.  
            30p.                                                        

     UNIV. DU QUEBEC.  Centre de Rech. sur l'Emploi et les Fluc. Econ.  

     35     Cardia, Emanuela & Ambler, Steve.  Indexation lags and      
            heterodox stabilization programs.  26p.                     
     31     Normandin, Michel.  Budget deficit persistence and the twin 
            deficits hypothesis.  41p.                                  
     33     Zimmermann, Christian.  International business cycles and   
            exchange rates.  22p.                                       
     34     Zimmermann, Christian.  Technology innovations and the      
            volatility of output: an international perspective.  25p.   

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

     9501   Merrigan, Philip & St. Pierre, Yvan.  A neoclassical and    
            econometric analysis of the timing and spacing of births in 
            Canada from 1950 to 1990.  31p.                             

     QUEEN'S UNIVERSITY.  Institute for Economic Research.              

     915    Boadway, Robin W. & Keen, Michael.  Efficiency and the      
            fiscal gap in federal systems.  27p.                        
     916    Shi, Shouyong.  Money and prices: a model of search and     
            bargaining.  52p.                                           




                                                           PAGE  12


     UNIVERSITY OF STOCKHOLM.  Department of Economics.                 

     94-7   Bjornerstedt, Jonas & Weibull, Jorgen W.  Evolutionary      
            selection dynamics and irrational survivors.  24p.          
     94-5   Bomze, Immanuel M. & Weibull, Jorgen W.  Does neutral       
            stability imply Lyapunov stability?.  20p.                  
     94-6   Molander, Per.  Optimal greenhouse gas abatement under      
            uncertainty.  26p.                                          

     TEL-AVIV UNIVERSITY.  Foerder Institute of Economic Research.      

     1/95   Becker, Robert & Zilcha, Itzhak.  Stationary Ramsey         
            equilibria under uncertainty.  20p.                         
     32/94  Coe, David T., Helpman, Elhanan & Hoffmaister, Alexander W. 
            North-South R & D spillovers.  41p.                         
     33/94  Fershtman, Chaim.  Survival of small firms: guerrilla       
            warfare.  23p.                                              
     2/95   Gandal, Neil, Greenstein, Shane & Salant, David.  Adoptions 
            and orphans in the early microcomputer market.  41p.        

     UNIVERSITY OF TOKYO.  Faculty of Economics.                        

     95-3   Itoh, Motoshige & Nagoka, Sadao.  Voluntary export          
            restraints, voluntary import expansions, and global         
            competition.  38p.                                          
     95-4   Iwami, Toru, Okazaki, Tetsuji & Yoshikawa, Hiroshi.  The    
            great depression in Japan: why so short and "mild"?.  43p.  
     9436   Nakao, Arinobu & Takemura, Akimichi.  Asymptotic comparison 
            of variances of OLS and feasible GLS estimators in          
            heteroscedastic regression models under co.  24p.           
     95-1   Nishimura, Kiyohiko G.  Product innovation with mass        
            production: insufficient or excessive?.  33p.               
     95-2   Nishimura, Kiyohiko G.  Uninformed buyers, market           
            information and volatility of prices: a theory of asset     
            markets with high transaction cos.  27p.                    

     UNIVERSITY OF WESTERN ONTARIO.  Department of Economics.           

     9502   Carr, Jack, Mathewson, Frank & Quigley, Neil.  The economics
            of Canadian deposit insurance.  39p.                        
     9501   Gravelle, Toni.  What is old is new again.  22p.            

     UNIVERSITY OF WISCONSIN.  Social Systems Research Institute.       

     9440   Allen, Beth, et al.  Capacity precommitment as a barrier to 
            entry: a Bertrand-Edgeworth approach.  50p.                 
     9452   Che, Yeon-Koo & Gale, Ian.  Auctions with financially       
            constrained bidders.  39p.                                  
     9432   Che, Yeon-Koo & Gale, Ian.  Caps on political lobbying: the 
            impact on total expenditures and total surplus.  13p.       
     9433   Che, Yeon-Koo & Gale, Ian.  Rent dissipation with           
            differential lobbying costs.  23p.                          
     9439   Deneckere, Raymond J. & Kovenock, Dan.  Capacity-constrained
            price competition when unit costs differ.  51p.             



                                                           PAGE  13

     9450   Dominitz, Jeff & Manski, Charles F.  Eliciting student      
            expectations of the return to schooling.  36p.              
     9444   Dominitz, Jeff & Manski, Charles F.  Using expectations data
            to study subjective income expectations.  27p.              
     9443   Durlauf, Steven N.  A theory of persistent income           
            inequality.  40p.                                           
     9437   Fung, K.C. & Staiger, Robert W.  Trade liberalization and   
            trade adjustment assistance.  31p.                          
     9435   Jones, Larry E. & Manuelli, Rodolfo E.  Growth and the      
            effects of inflation.  31p.                                 
     9446   LeBaron, Blake.  Chaos and nonlinear forecastability in     
            economics and finance.  15p.                                
     9445   LeBaron, Blake.  Technical trading rule profitability and   
            foreign exchange intervention.  12p.                        
     9447   LeBaron, Blake & Weigend, Andreas S.  Evaluating neural     
            network predictors by bootstrapping.  8p.                   
     9442   Lin, Wen-Ling.  Interdependence between international stock 
            returns: news or contagion effect?.  33p.                   
     9438   Mailath, George J., Samuelson, Larry & Swinkels, Jeroen M.  
            How proper is sequential equilibrium?.  24p.                
     9448   Muniagurria, Maria E. & Singh, Nirvikar.  Foreign           
            technology, spillovers and R & D policy.  31p.              
     9449   Rust, John.  Numerical dynamic programming in economics.    
            144p.                                                       
     9429   Rust, John.  Using randomization to break the curse of      
            dimensionality.  50p.                                       
     9430   Rust, John & Phelan, Christopher.  How Social Security and  
            Medicare affect retirement behavior in a world of incomplete
            markets.  75p.                                              
     9451   Staiger, Robert W.  International rules and institutions for
            trade policy.  69p.                                         
     9436   Staiger, Robert W. & Wolak, Frank A.  Differences in the    
            uses and effects of antidumping law across import sources.  
            52p.                                                        
     9434   West, Kenneth D.  Another heteroskedasticity and            
            autocorrelation consistent covariance matrix estimator.     
            24p.                                                        

     WORLD INSTITUTE FOR DEVELOPMENT ECONOMICS RESEARCH(United Nations) 

     116    Moghadam, Valentine M.  Market reforms and women workers in 
            Vietnam: a case study of Hanoi and Ho Chi Minh City.  37p.  
     117    Salih, Siddig A.  Sustainable ecosystems in Africa: managing
            natural forest in Sudan.  40p.                              

     YALE UNIVERSITY.  Economic Growth Center.                          

     713    Evenson, Robert E. & Gollin, Douglas.  Genetic resources,   
            international organizations, and rice varietal improvement. 
            38p.                                                        
     717    Levy, Philip I.  Lobbying and international cooperation in  
            tariff setting.  28p.                                       
     718    Levy, Philip I.  A political economic analysis for free     
            trade agreements.  36p.                                     




                                                           PAGE  14

     712    Ranis, Gustav.  The World Bank near the turn of the century.
             30p.                                                       
     716    Sala-i-Martins, Xavier.  Regional cohesion: evidence and    
            theories of regional growth and convergence.  46p.          
     715    Sala-i-Martin, Xavier & Barro, Robert J.  Quality           
            improvements in models of growth.  43p.                     
     714    Singh, Lakwinder.  Productivity, competitiveness, and export
            growth in a less developed economy: a study of Indian       
            Punjab.  27p.                                               

     COWLES FOUNDATION AT YALE UNIVERSITY.  Reprint Series.             

     879    Andrews, Donald W.K & Ploberger, Werner.  Optimal tests when
            a nuisance parameter is present only under the alternative. 
            0p.                                                         
     876    Mendelsohn, Robert, Nordhaus, William D. & Shaw, Daigee.    
            The impact of global warming on agriculture: a Ricardian    
            analysis.  0p.                                              
     878    Phillips, Peter C.B. & Ploberger, Werner.  Posterior odds   
            testing for a unit root with data-based model selection.    
            0p.                                                         
     880    Scarf, Herbert E.  The allocation of resources in the       
            presence of indivisibilities.  0p.                          
     877    Tobin, James.  Poverty in relation to macroeconomic trends. 
            0p.                                                         

     UNIVERSITY OF WISCONSIN. Social Systems Research Institute-Reprints

     420    Durlauf, Steven N.  Path dependence in aggregate output.    
            0p.                                                         
     418    Durlauf, Steven N.  Spillovers, stratification and          
            inequality.  0p.                                            



Return to the Home Page