New Acquisitions - May 1996



     BANCO DE ESPANA.  Servicio de Estudios.                            

     9531   Ayuso, Juan & Jurado, Maria P.  Devaluation and depreciation
            expectations in the European Monetary System.  43p.         
     9604   Fernandez de Lis, Santiago.  Classification of central banks
            by autonomy: a comparative analysis.  39p.                  
     9529   Huertas, Juan A.  Is there a trade-off between exchange rate
            risk and interest rate risk?.  48p.                         
     9606   Kruger, Malte.  Speculation, hedging and intermediation in  
            the foreign exchange market.  89p.                          
     9607   Maravall, Agustin.  Short-term analysis of macroeconomic    
            time series.  36p.                                          
     9609   Maravall, Agustin.  Unobserved components in economic time  
            series.  65p.                                               
     9608   Maravall, Agustin & Planas, Christophe.  Estimation error   
            and the specification of unobserved component models.  44p. 

     BANK OF JAPAN.  Institute for Monetary & Economic Studies.         

     9617   Briault, Clive, Haldane, Andrew & King, Mervyn.             
            Independence and accountability.  37p.                      
     9618   Bruni, Franco.  Central bank independence in the European   
            Union.  40p.                                                
     9614   Friedman, Benjamin M.  The rise and fall of money growth    
            targets as guidelines for U.S. monetary policy.  39p.       
     9613   Laidler, David.  Inflation control and monetary policy      
            rules.  32p.                                                
     9611   Meltzer, Allan H.  On making monetary policy more effective 
            domestically and internationally.  33p.                     
     9615   Neumann, Manfred J.M.  Monetary targeting in Germany.  28p. 
     9619   Okina, Kunio.  The policy objectives and the optimal        
            institutional framework of a central bank.  27p.            
     9620   Padoa-Schioppa, Tommaso.  Styles of monetary management.    
            24p.                                                        
     9612   Taylor, John B.  Policy rules as a means to a more effective
            monetary policy.  14p.                                      
     9616   Ueda, Kazuo.  Japanese monetary policy: rules or            
            discretion?, part II.  24p.                                 

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

     319    Bhattacharya, Sugato & Singh, Rajdeep.  The allocation of   
            residual rights.  33p.                                      
     322    Brusco, Sandro.  Perfect Bayesian implementation in economic
            environments.  32p.                                         
     323    Burguet, Roberto & Vives, Xavier.  Social learning and      
            costly information acquisition.  41p.                       
     321    Martinez-Alier, Joan & O'Connor, Martin.  Ecological and    
            economic distribution conflicts.  38p.                      

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

     65     Gale, Douglas & Rosenthal, Robert W.  Experimentation,      
            imitation, and stochastic stability.  36p.                  
     63     Ma, Ching-to Albert & Torres, Clemencia.  Capacity          
            constraint and monopoly regulation under asymmetric         
            information.  10p.                                          
     64     Riordan, Michael H.  Anticompetitive vertical integration by
            a dominant firm.  20p.                                      

     UNIVERSITY OF CALIFORNIA-BERKELEY.  Department of Economics.       

     247    O'Regan, Katherine M. & Quigley, John M.  Spatial effects   
            upon employment outcomes: the case of New Jersey teenagers. 
            31p.                                                        
     246    Scotchmer, Suzanne.  Externality pricing in club economies. 
            23p.                                                        

     UNIV. OF CALIFORNIA-BERKELEY. Ctr. for Int'l. & Devel. Econ. Res.  

     64     Bardhan, Pranab.  The economics of corruption in less       
            developed countries: a review of issues.  45p.              
     65     Bardhan, Pranab.  Efficiency, equity and poverty            
            alleviation: policy issues in less developed countries.     
            23p.                                                        
     66     Bardhan, Pranab.  The nature of institutional impediments to
            economic development.  32p.                                 

     UNIVERSITY OF CALIFORNIA-SANTA BARBARA.  Department of Economics.  

     3/96   Kelly, David L. & Kolstad, Charles D.  The climate change   
            footprint: will we see it before it is upon us?.  37p.      

     UNIVERSITY OF CAMBRIDGE.  Department of Applied Economics.         

     9601   Baliga, Sandeep & Evans, Robert.  Renegotiation in repeated 
            games with transfers.  14p.                                 

     UNIVERSITY OF CANTERBURY.  Department of Economics.                

     9601   Winkelmann, Rainer.  Another look at work contracts and     
            absenteeism.  14p.                                          
     9602   Winkelmann, Rainer.  Markov chain Monte Carlo analysis of   
            underreported count data w/ an application to worker        
            absenteeism.  16p.                                          

     UNIVERSITY OF COPENHAGEN.  Institute of Economics.                 

     9519   Andersen, Torben G. & Sorensen, Bent E.  GMM estimation of a
            stochastic volatility model: a Monte Carlo study.  55p.     
     9601   Browning, Martin & Lusardi, Annamaria.  Household saving:   
            micro theories and micro facts.  96p.                       
     9520   Groth, Christian.  Growth with public research and private  
            education.  10p.                                            
     9602   Juselius, Katarina.  A structured VAR under changing        
            monetary policy.  77p.                                      
     9518   la Cour, Lisbeth F.  A component-based analysis of the      
            Danish long-run money demand relation.  26p.                
     9517   Persson, Karl G.  Despotic liberalism and the decline of    
            grain market regulation in Europe, 1760-1850.  21p.         

     COWLES FOUNDATION FOR RESEARCH IN ECONOMICS AT YALE UNIVERSITY.    

     1115   Shiller, Robert J.  Why do people dislike inflation?.  65p. 

     (ENGLAND) CENTRE FOR ECONOMIC POLICY RESEARCH.                     

     1359   Ben-David, Dan & Rahman, A.K.M. Atiqur.  Technological      
            convergence and international trade.  22p.                  
     1347   Booth, Alison L. & McCulloch, Andrew.  Firing costs, unions 
            and employment.  33p.                                       
     1360   Booth, Alison L. & Zoega, Gylfi.  Quitting externalities    
            with uncertainty about future productivity.  22p.           
     1364   Burda, Michael C. & Profit, Stefan.  Matching across space: 
            evidence on mobility in the Czech Republic.  29p.           
     1362   Burgess, Simon & Propper, Carol.  Poverty dynamics among    
            young Americans.  42p.                                      
     1339   Coricelli, Fabrizio.  Fiscal constraints, reform strategies,
            and the speed of transition: the case of Central-Eastern    
            Europe.  47p.                                               
     1366   Halpern, Laszlo.  Real exchange rates and exchange rate     
            policy in Hungary.  36p.                                    
     1348   Lockwood, Ben.  State-contingent inflation contracts and    
            output persistence.  7p.                                    
     1368   Masson, Paul R., Bayoumi, Tamim & Samiei, Hossein.          
            International evidence on the determinants of private       
            saving.  40p.                                               
     1358   Mulligan, Casey B. & Sala-i-Martin, Xavier.  Adoption of    
            financial technologies: implications for money demand and   
            monetary policy.  50p.                                      
     1363   Roland, Gerard & Sekkat, Khalid.  Managerial career         
            concerns, privatization and restructuring in transition     
            economies.  27p.                                            

     THE MAURICE FALK INSTITUTE FOR ECONOMIC RESEARCH IN ISRAEL.        

     9601   Gross, Nachum T.  Herzl on discrimination in "Der           
            Judenstaat".  14p.                                          

     FEDERAL RESERVE BANK OF ATLANTA.  Research Department.             

     96-2   Dothan, Michael, Ramamurtie, Sailesh & Ulman, Scott.        
            Applying economic restrictions to foreign exchange rate     
            dynamics: spot rates, futures, and options.  35p.           
     96-1   Shrikhande, Milind M.  Nonadditive habit formation and the  
            equity premium puzzle.  36p.                                

     FEDERAL RESERVE BANK OF DALLAS.  Research Department.              

     9602   Boisso, Dale, Grosskopf, Shawna & Hayes, Kathy.  Regional   
            productivity and efficiency in the U.S.: effects of business
            cycles and public capital.  26p.                            

     FEDERAL RESERVE BANK OF MINNEAPOLIS.  Research Department.         

     209    Cole, Harold L. & Kehoe, Patrick J.  Reputation spillover   
            across relationships: reviving reputation models of debt.   
            23p.                                                        
     211    Cole, Harold L. & Kehoe, Timothy J.  Self-fulfilling debt   
            crises.  41p.                                               
     210    Cole, Harold L. & Kehoe, Timothy J.  A self-fulfilling model
            of Mexico's 1994-95 debt crisis.  30p.                      
     206    Ferson, Wayne E. & Jagannathan, Ravi.  Econometric          
            evaluation of asset pricing models.  51p.                   
     208    Jagannathan, Ravi & Wang, Zhenyu.  The conditional CAPM and 
            the cross-section of expected returns.  73p.                
     207    Mercenier, Jean & Yeldan, Erinc.  How prescribed policy can 
            mislead when data are defective: a follow-up to Srinivasan  
            (1994) using gen. equil.  22p.                              

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

     110    Ortigueira, Salvador & Santos, Manuel.  On convergence in   
            endogenous growth models.  37p.                             

     FEDERAL RESERVE BANK OF NEW YORK. Research & Market Analysis Group.

     11     Bartolini, Leonardo & Drazen, Allan.  Capital account       
            liberalization as a signal.  44p.                           

     FEDERAL RESERVE BANK OF PHILADELPHIA.  Economic Research Division. 

     9605   Morris, Stephen.  Speculative investor behavior and         
            learning.  25p.                                             
     96-4   Shaffer, Sherrill.  Capital requirements and rational       
            discount window borrowing.  29p.                            
     96-3   Stark, Tom & Croushore, Dean.  Evaluating McCallum's rule   
            when monetary policy matters.  45p.                         

     FEDERAL RESERVE BOARD.  Finance & Economics Discussion Series.     

     9610   Baily, Martin N., Bartelsman, Eric J. & Haltiwanger, John.  
            Labor productivity: structural change and cyclical dynamics.
             25p.                                                       
     9612   Calem, Paul S. & Rob, Rafael.  The impact of capital-based  
            regulation on bank risk-taking: a dynamic model.  44p.      
     9613   Judson, Ruth.  Do low human capital coefficients make       
            sense?: a puzzle and some answers.  56p.                    
     9611   Kupiec, Paul H. & White, A. Patricia.  Regulatory           
            competition and the efficiency of alternative derivative    
            product margining systems.  35p.                            

     FEDERAL RESERVE BOARD.  International Finance Papers.              

     546    Basu, Susanto & Fernald, John G.  Returns to scale in U.S.  
            production: estimates and implications.  48p.               
     545    Calvo, Guillermo A. & Mendoza, Enrique G.  Mexico's         
            balance-of-payments crisis: a chronicle of death foretold.  
            37p.                                                        
     547    Gagnon, Joseph E., Masson, Paul R. & McKibbin, Warwick J.   
            German unification: what have we learned from multi-country 
            models?.  47p.                                              

     FEDERAL TRADE COMMISSION.  Bureau of Economics.                    

     211    Hertzendorf, Mark N.  A game theory model of celebrity      
            endorsements.  53p.                                         

     HARVARD UNIVERSITY.  Institute of Economic Research.               

     1749   Adams, James & Griliches, Zvi.  Measuring science: an       
            exploration.  34p.                                          
     1751   Baliga, Sandeep & Sjostrom, Tomas.  Interactive             
            implementation.  31p.                                       
     1753   Banerjee, Abhijit V. & Maskin, Eric S.  A Walrasian theory  
            of money and barter.  66p.                                  
     1752   Davis, Donald R.  Does European unemployment prop up        
            American wages?.  32p.                                      
     1754   Kain, John F. & Singleton, Kraig.  Equality of educational  
            opportunity revisited.  52p.                                
     1748   Kornai, Janos.  Paying the bill for Goulash-communism:      
            Hungarian development and macro stabilization...  64p.      
     1750   Weinstein, David E.  Foreign direct investment and Keiretsu:
            rethinking U.S. and Japanese policy.  45p.                  
     1755   Weitzman, Martin L. & Lofgren, Karl-Gustaf.  On the welfare 
            significance of green accounting as taught by parable.  21p.

     HEBREW UNIV. Center for Rationality & Interactive Decision Theory. 

     100    El-Yaniv, Ran & Karp, Richard M.  Nearly optimal competitive
            online replacement policies.  31p.                          

     HITOTSUBASHI UNIVERSITY.  Institute for Economic Research.         

     320    Fukuda, Shin-ichi.  Money and economic growth with          
            increasing returns-to-scale.  20p.                          
     318    Stein, Howard & Lewis, Peter.  Shifting fortunes: the       
            political economy of financial liberalization in Nigeria.   
            47p.                                                        
     314    Suzumura, Kotaro.  Industrial policy in a developing market 
            economy.  45p.                                              
     315    Suzumura, Kotaro.  Japanese industrial policy for           
            telecommunications: anatomy of the 1985 institutional       
            reform...  42p.                                             
     319    Suzumura, Kotaro.  Maximality, optimality and duality.  5p. 

     INSTITUT NATIONAL DE LA STATISTIQUE ET DES ETUDES ECONOMIQUES.     

     9607   Comte, F. & Renault, E.  Long memory in continuous time     
            stochastic volatility models.  47p.                         
     9606   Villeneuve, B.  Mandatory insurance and intensity of adverse
            selection.  30p.                                            

     UNIVERSITY OF IOWA.  Department of Economics.                      

     9603   Blume, Andreas.  Communication, risk and efficiency in      
            games.  30p.                                                
     9602   Horowitz, Joel L.  Bootstrap critical values for tests based
            on the smoothed maximum score estimator.  48p.              

     BANCA DE ITALIA.  Research Department.                             

     266    Angelini, Paolo.  Are banks risk-averse?: a note on the     
            timing of operations in the interbank market.  33p.         
     264    Caruso, Massimo.  Stock prices and money velocity: a        
            multi-country analysis.  63p.                               

     JOHNS HOPKINS UNIVERSITY.  Department of Political Economy.        

     362    Hamilton, Bruce W. & Burke, Mary.  The Coase conjecture in  
            continuous time: imperfect durability, endogenous           
            durability, and aftermarkets.  38p.                         
     361    Hamilton, Bruce W. & Macauley, Molly.  Competition and car  
            longevity.  43p.                                            
     363    Rajan, Ashvin V.  Generic properties of the core and        
            equilibria of pure exchange economies.  17p.                

     UNIVERSITY OF KANSAS.  Department of Economics.                    

     96-1   Lien, Da-Hsiang Donald.  Utility regulation and futures     
            trading.  22p.                                              

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

     9602   Degryse, Hans.  The total cost of trading Belgian shares:   
            Brussels vs. London.  31p.                                  
     9607   Lambelet, Jean-Christian.  Currency fluctuations vs.        
            interest and inflation differentials: does the double       
            equality hold?.  39p.                                       
     9604   von Thadden, Ernst-Ludwig.  Optimal liquidity provision and 
            dynamic incentive compatibility.  32p.                      
     9606   von Thadden, Ernst-Ludwig.  The term structure of investment
            and the banks' insurance function.  25p.                    
     9605   von Ungern-Sternberg, Thomas.  Managerial compensation      
            schemes with informed principals.  16p.                     

     LONDON SCHOOL OF ECONOMICS.  Financial Markets Group.              

     237    Bhattacharya, Sudipto, Fulghieri, Paolo & Rovelli, Riccardo.
             Turnpike banking: only the meek shall inherit the earth.   
            53p.                                                        
     231    Cerasi, Vittoria & Daltung, Sonja.  The optimal size of a   
            bank: costs and benefits of diversification.  39p.          
     241    Espenlaub, Susanne.  IPO signalling of initial owners'      
            private benefits of control.  47p.                          
     233    Evans, Martin D.D.  Dividend variability and stock market   
            swings.  47p.                                               
     235    Frantz, Pascal.  Auditor's skill, auditing standards,       
            litigation, and audit quality.  41p.                        
     236    Grimaud, Antoine F.  The regulation of predatory firms.     
            35p.                                                        
     232    Hartmann, Philipp.  Trading volunes and transaction costs in
            the foreign market: evidence from daily dollar-yen spot     
            data.  23p.                                                 
     230    Mella-Barral, Pierre.  The dynamics of corporate debt       
            forgiveness and contract renegotiation.  28p.               
     234    Ortalo-Magne, Francois.  Asset price fluctuations in an     
            overlapping generations economy: do collateral constraints  
            matter?.  45p.                                              
     238    Payne, Richard.  Announcement effects and seasonality in the
            intra-day foreign exchange market.  48p.                    
     240    Povel, Paul.  Optimal `soft' or `tough' bankruptcy          
            procedures.  35p.                                           
     239    Schoenmaker, Dirk.  Contagion risk in banking.  24p.        
     242    Snell, Andy & Tonks, Ian.  Using time series methods to     
            assess information and inventory effects in a dealer market 
            in illiquid stocks.  43p.                                   

     UNIVERSITY COLLEGE LONDON.  Department of Economics.               

     9618   Agastya, Murali.  Adaptive play in multiplayer bargaining   
            situations.  24p.                                           
     9612   Agastya, Murali.  Choosing among bargaining situations.     
            11p.                                                        
     9613   Binmore, Ken, et al.  Hard bargains and lost opportunities. 
            34p.                                                        
     9607   Blundell, Richard & Preston, Ian.  Consumption inequality   
            and income uncertainty.  24p.                               
     9614   Cabrales, Antonio & Hoshi, Takeo.  Heterogeneous beliefs,   
            wealth accumulation and asset price dynamics.  40p.         
     9606   Chick, Victoria.  Keynes' theory of investment and necessary
            compromise.  18p.                                           
     9609   Chick, Victoria.  The monetary theory of Keynes and the post
            Keynesians.  19p.                                           
     9608   Chick, Victoria & Dow, Sheila.  Regulation and differences  
            in financial institutions.  10p.                            
     9610   Pemberton, Malcolm & Ulph, David.  Measuring national income
            and measuring sustainability.  32p.                         
     9617   Siandra, Eduardo.  International risk-sharing, dynamic      
            efficiency and pay-as-you-go.  20p.                         
     9616   Siandra, Eduardo.  Partnerships, search and money.  28p.    
     9611   Vaughan, Richard.  Evolutive equilibrium selection I:       
            symmetric two player binary choice games.  33p.             
     9615   Verry, Donald & Araujo, Tarcisio.  Dualism in Brazilian     
            metropolitan labour markets.  41p.                          

     MACQUARIE UNIVERSITY.  Department of Economics.                    

     18/95  Abelson, Peter.  Sydney's future: an economic approach.     
            21p.                                                        

     UNIVERSITY OF MARYLAND.  Center for International Economics.       

     18     Bartolini, Leonardo & Drazen, Allan.  When liberalization   
            reflects external shocks, what do we learn?.  32p.          
     22     Bhagwati, Jagdish & Panagariya, Arvind.  Preferential       
            trading areas and multilateralism: strangers, friends or    
            foes?.  90p.                                                
     23     Calvo, Guillermo A.  Capital flows and macroeconomic        
            management: tequila lessons.  22p.                          
     24     Calvo, Guillermo A. & Goldstein, Morris.  Crisis prevention 
            and crisis management after Mexico: what role for the       
            official sector?.  90p.                                     
     20     Calvo, Guillermo A. & Mendoza, Enrique G.  Mexico's balance 
            of payments crisis: a chronicle of a death foretold.  53p.  
     19     Drazen, Allan.  Policy signalling in the open economy: a    
            reexamination.  30p.                                        
     17     Kaminsky, Graciela L. & Reinhart, Carmen M.  The twin       
            crises: the causes of banking and balance of payments       
            problems.  31p.                                             
     21     Panagariya, Arvind.  The Meade model of preferential        
            trading: history, analytics and policy implications.  45p.  

     UNIVERSITY OF MELBOURNE.  Department of Economics.                 

     507    Alden, Dave.  Markets in natural heritage health management.
             15p.                                                       
     506    Hirschberg, Joseph G.  Modelling time of day substitution   
            using the second moments of demand.  21p.                   
     505    Lim, Guay C. & McNelis, Paul D.  Stock price fluctuations in
            Australia: the influence of Japanese and U.S. markets.  31p.
     504    Worswick, Christopher.  Immigrant families in the Canadian  
            labour market.  29p.                                        

     MICHIGAN STATE UNIVERSITY.  Department of Economics.               

     9509   Linz, Susan J.  Russian firms in transition: champions,     
            challengers, and chaff.  35p.                               

     UNIVERSITA DEGLI STUDI DI MILANO. Dipt. Econ. Politica e Aziendale.

     9511   Brunello, Giorgio & Checchi, Daniele.  Does imitation help?:
            forty years of wage determination in the Italian private    
            sector.  35p.                                               
     9509   Florio, Massimo.  Tax neutrality in the King-Fullerton      
            framework, investment externalities, and growth.  41p.      
     9513   Navaretti, Giorgio B. & Bigano, Andrea.  R & D inter-firm   
            agreements in developing countries: where? why? how?.  45p. 

     MONASH UNIVERSITY.  Department of Economics.                       

     5/96   Bradfield, Michael.  Raising prices when demand is falling: 
            who's kinky now, business or economics?.  10p.              
     4/96   McGeary, Kerry A., Kenkel, Donald S. & Terza, Joseph V.  The
            effect of preventive care on the demand for health services 
            in a developing country.  15p.                              
     3/96   Rice, Robert C.  The urban informal sector: theory,         
            characteristics and growth from 1980-90 with a special      
            emphasis on Indonesia.  24p.                                

     UNIVERSITAT MUNCHEN.  Volkswirtschaftliche Fakultat.               

     9525   Bauer, Thomas.  The migration decision with uncertain costs.
             29p.                                                       
     9526   Guilkey, David K. & Riphahn, Regina T.  The determinants of 
            child mortality in the Philippines: estimation of a         
            structural model.  42p.                                     
     9524   Haisken-De New, John P. & Zimmermann, Klaus.  Wage and      
            mobility effects of trade and migration.  23p.              
     9601   Rotte, Ralph.  Economics and peace theory on the eve of     
            World War I.  23p.                                          

     NATIONAL BUREAU OF ECONOMIC RESEARCH.  Working Papers.             

     5493   Abowd, John M. & Allain, Lawrence.  Compensation structure  
            and product market competition.  15p.                       
     5522   Altonji, Joseph G., Hayashi, Fumio & Kotlikoff, Laurence.   
            The effects of income and wealth on time and money transfers
            between parents and children.  60p.                         
     5516   Baldwin, Robert E. & Kimura, Fukunari.  Measuring U.S.      
            international goods and services transactions.  42p.        
     5503   Baily, Martin N., Bartelsman, Eric J. & Haltiwanger, John.  
            Labor productivity: structural change and cyclical dynamics.
             25p.                                                       
     5520   Ball, Laurence.  Disinflation and the non-accelerating      
            inflation rate of unemployment.  34p.                       
     5502   Barro, Robert J.  Reflections on Ricardian equivalence.     
            19p.                                                        
     5497   Bordo, Michael D. & Bayoumi, Tamim.  Getting pegged:        
            comparing the 1879 and 1925 gold resumptions.  46p.         
     5514   Bradford, David F. & Max, Derrick A.  Implicit budget       
            deficits: the case of a mandated shift to community-rated   
            health insurance.  37p.                                     
     5508   Caballero, Ricardo J. & Leahy, John V.  Fixed costs: the    
            demise of marginal q.  19p.                                 
     5487   Card, David, Kramarz, Francis & Lemieux, Thomas.  Changes in
            the relative structure of wages and employment: a comparison
            of the United States, Canada, and France.  52p.             
     5489   Cochrane, John H. & Saa-Requejo, Jesus.  Beyond arbitrage:  
            "good-deal" asset price bounds in incomplete markets.  66p. 
     5486   Cole, Harold L. & Kehoe, Patrick J.  Reputation spillover   
            across relationships: reviving reputation models of debt.   
            23p.                                                        
     5525   Cutler, David M. & Madrian, Brigitte C.  Labor market       
            responses to rising health insurance costs: evidence on     
            hours worked.  43p.                                         
     5498   Dasgupta, Sudipto & Titman, Sheridan.  Pricing strategy and 
            financial policy.  50p.                                     
     5500   Dumas, Bernard, Fleming, Jeff & Whaley, Robert E.  Implied  
            volatility functions: empirical tests.  34p.                
     5524   Chaloupka, Frank J., Grossman, Michael & Tauras, John A.    
            Public policy and youth smokeless tobacco use.  26p.        
     5523   Ehrenberg, Ronald G. & Hurst, Peter J.  The 1995 National   
            Research Council ratings of doctoral programs: a hedonic    
            model.  25p.                                                
     5517   Eichengreen, Barry & von Hagen, Jurgen.  Fiscal policy and  
            monetary union: is there a tradeoff between federalism and  
            budgetary restrictions?.  16p.                              
     5515   Feenstra, Robert C.  U.S. imports, 1972-1994: data and      
            concordances.  40p.                                         
     5511   Fullerton, Don.  Second-best pollution taxes.  11p.         
     5519   Gordon, Robert J.  Problems in the measurement and          
            performance of service sector productivity in the United    
            States.  66p.                                               
     5530   Gourinchas, Pierre-Olivier & Tornell, Aaron.  Exchange rate 
            dynamics and learning.  65p.                                
     5510   Irwin, Douglas A. & Kroszner, Randall S.  Log-rolling and   
            economic interests in the passage of the Smoot-Hawley       
            tariff.  34p.                                               
     5509   Irwin, Douglas A.  The Smoot-Hawley tariff: a quantitative  
            assessment.  33p.                                           
     5521   Kaestner, Robert.  Are brothers really better?: sibling sex 
            composition and educational achievement revisited.  34p.    
     5507   King, Robert G. & Wolman, Alexander L.  Inflation targeting 
            in a St. Louis model of the 21st century.  39p.             
     5484   Krishna, Kala & Tan, Ling Hui.  Transferable licenses vs.   
            nontransferable licenses: what is the difference?.  35p.    
     5485   Krueger, Alan B. & Pischke, Jorn-Steffen.  A statistical    
            analysis of crime against foreigners in unified Germany.    
            39p.                                                        
     5499   Lamont, Owen.  Cash flow and investment: evidence from      
            internal capital markets.  45p.                             
     5505   LeBaron, Blake.  Technical trading rule profitability and   
            foreign exchange intervention.  16p.                        
     5494   Lopez-de-Silanes, Florencio.  Determinants of privatization 
            prices.  40p.                                               
     5501   Mairesse, Jacques.  Estimating the productivity of R & D: an
            exploration of GMM methods using data on French & U.S.      
            manufacturing firms.  31p.                                  
     5490   Markusen, James R.  Costly pollution abatement,             
            competitiveness, and plant location decisions.  26p.        
     5483   Markusen, James R. & Venables, Anthony J.  Multinational    
            production, skilled labor, and real wages.  29p.            
     5529   Markusen, James R. & Venables, Anthony J.  The theory of    
            endowment, intra-industry, and multinational trade.  42p.   
     5518   Marston, Richard C.  The effects of industry structure on   
            economic exposure.  25p.                                    
     5512   Mitchell, Olivia S. & Zeldes, Stephen P.  Social security   
            privatization: a structure for analysis.  12p.              
     5492   Montgomery, Edward & Navin, John.  Cross-state variation in 
            Medicaid programs and female labor supply.  34p.            
     5504   Mulligan, Casey B. & Sala-i-Martin, Xavier.  Adoption of    
            financial technologies: implications for money demand and   
            monetary policy.  51p.                                      
     5526   Mutti, John & Grubert, Harry.  The significance of          
            international tax rules for sourcing income: relationship   
            beween income tax and trade taxes.  46p.                    
     5506   Nadiri, M. Ishaq & Kim, Seongjun.  R & D, production        
            structure and productivity growth: a comparison of the U.S.,
            Japanese & Korean mgfr. sectors.  38p.                      
     5513   Razin, Assaf, Sadka, Efraim & Yuen, Chi-Wa.  Tax principles 
            and capital inflows: is it efficient to tax nonresident     
            income?.  40p.                                              
     5496   Stein, Jeremy C.  Rational capital budgeting in an          
            irrational world.  42p.                                     
     5495   Swenson, Deborah L.  Explaining domestic content: evidence  
            from Japanese and U.S. auto production in the U.S.  34p.    
     5531   Wei, Shang-Jin.  Intra-national versus international trade: 
            how stobborn are nations in global integration?.  40p.      
     5491   Williamson, Jeffrey G.  Globalization and inequality then   
            and now: the late 19th and late 20th centuries compared.    
            45p.                                                        

     NATIONAL BUREAU OF ECONOMIC RESEARCH.  Technical Papers.           

     192    Diebold, Francis & Lopez, Jose A.  Forecast evaluation and  
            combination.  47p.                                          

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

     85     McConnell, Chai, Rambaldi, Alicia & Fleming, Euan.  New     
            Guinea gold or bust: detection of trends in the quality of  
            coffee exports in Papua New Guinea.  23p.                   
     84     Tessema, Getachew A., Doran, Howard & Griffiths, William.   
            An improved Heckman estimator for the Tobit model.  21p.    

     UNIVERSITY OF NEW SOUTH WALES.  School of Economics.               

     96-6   Alaouze, Chris M. & Whelan, Stephen P.  Economic efficiency 
            and property rights issues in the management of rural water.
             28p.                                                       
     96-9   Bewley, Ronald & Yang, Minxian.  On the size and power of   
            system tests for cointegration.  19p.                       
     9611   Cumberworth, Matthew & Milbourne, Ross.  Do trading blocs   
            liberalise world trade?.  25p.                              
     96-4   Diewert, W.E.  Sources of bias in consumer price indexes.   
            19p.                                                        
     96-7   Fox, Kevin J.  Measuring technical progress in matching     
            models of the labour market.  15p.                          
     96-1   Fox, Kevin J. & Hill, Robert J.  Improving the sensitivity  
            of data envelopment analysis by reducing dimensionality.    
            14p.                                                        
     96-2   Gans, Joshua S.  Competing for public goods and private     
            business.  19p.                                             
     96-3   Nevile, John W.  What would Keynes have thought of the      
            development of ISLM?.  34p.                                 
     9610   Otto, Glen D. & Voss, Graham M.  Is public capital provision
            efficient?.  25p.                                           
     96-8   Perkins, John & Meredith, David.  Managerial development in 
            retailing: the department and the chain store, 1890-1940.   
            22p.                                                        
     96-5   Voss, Graham M.  Public investment in Canada.  23p.         

     NEW YORK UNIVERSITY.  Center for Applied Economics.                

     9612   Benhabib, Jess & Farmer, Roger E.A.  Indeterminacy and      
            sector-specific externalities.  41p.                        
     9608   Benoit, Jean-Pierre & Krishna, Vijay.  The folk theorems for
            repeated games: a synthesis.  35p.                          
     96-4   Brams, Steven J. & Togman, Jeffrey M.  Camp David: was the  
            agreement fair?.  22p.                                      
     9603   Brams, Steven J. & Togman, Jeffrey M.  The dynamics of the  
            Northern Ireland condition.  13p.                           
     9606   Brams, Steven J. & Taylor, Alan D.  A procedure for divorce 
            settlements.  26p.                                          
     9609   Brams, Steven J., Kilgour, D. Marc & Zwicker, William S.    
            The paradox of multiple elections.  37p.                    
     9610   Denoon, David & Brams, Steven J.  Fair division: a new      
            approach to the Spratly Islands controversy.  41p.          
     9602   Corns, Allan & Schotter, Andrew.  Can affirmative action be 
            cost effective?: an experimental examination of price       
            preference auctions.  40p.                                  
     9605   Fields, Gary S. & Ok, Efe A.  The measurement of income     
            mobility: an introduction to the literature.  40p.          
     9607   Flinn, Christopher J.  On the job search with information   
            obsolescence.  38p.                                         
     9601   Glazer, Jacob & Rubinstein, Ariel.  What motives should     
            guide referees?: on the design of mechanisms to elicit      
            opinions.  23p.                                             
     9611   Nadiri, M. Ishaq & Kim, Seongjun.  R & D, production        
            structure and productivity growth: a comparison of U.S.,    
            Japanese & Korean mfgr. sectors.  38p.                      

     NORWEGIAN SCHOOL OF ECONOMICS & BUSINESS ADMINISTRATION.           

     2/96   Knarvik, Karen H.M. & Tvedt, Jostein.  International trade, 
            technological development and agglomeration.  39p.          

     OHIO STATE UNIVERSITY.  Department of Economics.                   

     9606   Chen, Jian & Fleisher, Belton M.  Regional income inequality
            and economic growth in China.  31p.                         
     9607   Fleisher, Belton, Dong, Keyong & Liu, Yunhua.  Education,   
            entreprise organization, and productivity in the Chinese    
            paper industry.  29p.                                       
     9608   Fleisher, Belton, Hills, Stephen & Yin, Yong.  The role of  
            housing in labor-market liberalization in China.  16p.      
     9618   Glass, Amy J.  Income distribution and quality improvement. 
            27p.                                                        
     9615   Glass, Amy.  International rivalry in advancing products.   
            24p.                                                        
     9614   Glass, Amy & Saggi, Kamal.  International technology        
            transfer and the technology gap.  30p.                      
     9616   Ichiishi, Tatsuro & Sertel, Murat.  Cooperative interim     
            contract and re-contract in a profit-center game.  25p.     
     9609   Viard, Alan D.  A welfare analysis of differential lump-sum 
            taxation.  34p.                                             
     9617   Zhao, Jingang.  A cooperative analysis of covert collusion  
            in oligopolistic industries: the existence of the alpha     
            core.  25p.                                                 
     9612   Zhao, Jingang.  The core allocation in two sample economies.
             11p.                                                       
     9610   Zhao, Jingang.  The hybrid equilibria and core selection in 
            exchange economies with externalities.  25p.                
     9611   Zhao, Jingang.  A necessary and sufficient condition for the
            convexity in oligopolistic games.  22p.                     
     9613   Zhao, Jingang.  The stability and the formation of coalition
            structures in normal form TU games.  38p.                   

     UNIVERSITY OF OTTAWA.  Department of Economics.                    

     9601   Deriet, Mark & Seccareccia, Mario.  Bank markups,           
            horizontalism & the significance of banks' liquidity        
            preference: an empirical assessment.  23p.                  
     9604   Grafton, R. Quentin & Nelson, Harry W.  Fishers' individual 
            salmon harvesting rights: an option for Canada's pacific    
            fisheries.  27p.                                            
     9602   Seccareccia, Mario.  Early 20th century heterodox monetary  
            thought and the law of entropy.  21p.                       
     9603   Sen, Gautam.  Comparing contemporary Indian economic reform 
            with the developmental experience of China and the Asian    
            NICS.  23p.                                                 

     PEKING UNIVERSITY.  China Centre for Economic Research.            

     9601   Lin, Justin Y., Huang, Jikun & Rozelle, Scott.  China's food
            economy: past performance and future's projection.  29p.    
     9504   Zhang, Weiying.  Decision rights, residual claim and        
            performance: a theory of how the Chinese state enterprise   
            reform works.  27p.                                         

     UNIVERSIDADE CATOLICA PORTUGUESA.  Departamento de Economia.       

     70     Gouveia, Miguel.  The public sector and health care.  35p.  
     69     Gouveia, Miguel & Masia, Neal A.  Does the median voter     
            model explain the size of government?: evidence from the    
            states.  28p.                                               

     PRINCETON UNIVERSITY.  Industrial Relations Section.               

     360    Farber, Henry S.  The changing face of job loss in the      
            United States, 1981-1993.  78p.                             
     361    Shore-Sheppard, Lara D.  Stemming the tide?: the effect of  
            expanding Medicaid eligibility on health insurance coverage.
             66p.                                                       

     PRINCETON UNIVERSITY.  International Finance Section-Studies.      

     79     Deaton, Angus S. & Miller, Ronald I.  International         
            commodity prices, macroeconomic performance, and politics in
            sub-Saharan Africa.  91p.                                   

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

     1083   Netz, Janet S. & Haveman, Jon D.  All in the family: family,
            income, and labor force attachment.  24p.                   

     UNIVERSITY OF SAARLAND.  Department of Economics.                  

     9601   Richter, Rudolf.  Bridging old and new institutional        
            economics: Gustav Schmoller, leader of the younger German   
            historical school...  27p.                                  
     9509   Rothstein, Roland.  Time series properties and cointegration
            in metals prices.  26p.                                     

     SANTA FE INSTITUTE.  Economics Research Program.                   

     9613   Shubik, Martin.  Time and money.  23p.                      

     UNIVERSITY OF STOCKHOLM.  Department of Economics.                 

     96-3   Wijkander, Hans.  A one-period financial contract between a 
            risk-averse wealthy entrepreneur and a risk neutral         
            investor.  16p.                                             
     96-2   Wijkander, Hans.  Public investment under uncertainty: the  
            social rate of discount and timing.  25p.                   

     UNIVERSITY OF VICTORIA (BC).  Department of Economics.             

     9607   Giles, David E.A.  The hidden economy and tax evasion       
            prosecutions in New Zealand.  14p.                          
     9605   Oum, Rae Hoon, Park, Jong-Hun & Zhang, Anming.  The effects 
            of airline codesharing agreements on firm conduct and       
            international air fares.  23p.                              
     9606   Zhang, Anming.  An analysis of fortress hubs in airline     
            networks.  23p.                                             

     UNIVERSITY OF VIENNA.  Department of Economics.                    

     9601   Kerschbamer, Rudolf.  Disciplinary takeovers and industry   
            effects.  43p.                                              
     9602   Kerschbamer, Rudolf.  Information revelation via takeovers  
            in correlated environments.  9p.                            
     9507   Guth, Werner, Kirchsteiger, Georg & Ritzberger, Klaus.      
            Imperfectly observable commitments in n-player games.  19p. 
     9603   Podczeck, Konrad.  Markets with infinitely many commodities 
            and a continuum of agents with non-convex preferences.  45p.

     UNIVERSITY OF VIRGINIA.  Center for Studies in Political Economy.  

     267    Ihrig, Jane.  Multinationals' response to repatriation      
            restrictions.  38p.                                         

     UNIVERSITY OF WATERLOO.  Department of Economics.                  

     9601   Bossert, Walter, Fleurbaey, Marc & Van de Gaer, Dirk.  On   
            second-best compensation.  32p.                             

     YALE UNIVERSITY.  Economic Growth Center.                          

     739    Dow, William H.  Discrete choice estimation of              
            price-elasticities: the benefits of a flexible behavioral   
            model of health care demand.  51p.                          
     740    Dow, William H.  Unconditional demand for curative health   
            inputs: does selection on health status matter in the long  
            run?.  49p.                                                 
     741    Dow, William H.  Welfare impacts of health care user fees: a
            health-valuation approach to analysis with imperfect        
            markets.  36p.                                              
     733    Guinnane, Timothy W.  Diversification, liquidity, and       
            supervision for small financial institutions: 19th century  
            German credit cooperativ.  73p.                             
     744    Mwabu, Germano & Schultz, T. Paul.  Education returns across
            quantiles of the wage function: ..returns to education by   
            race in South Africa.  24p.                                 
     734    Sala-i-Martin, Xavier.  The classical approach to           
            convergence analysis.  37p.                                 
     735    Sala-i-Martin, Xavier & Barro, Robert J.  Technological     
            diffusion, convergence and growth.  95p.                    
     736    Sala-i-Martin, Xavier, et al.  Tetanus, death and aerobics: 
            the evaluation of disease-specific public health            
            interventions.  37p.                                        
     742    Schultz, T. Paul.  Accounting for public expenditures on    
            education: an international panel study.  61p.              
     743    Schultz, T. Paul.  Aging, immigration and women in the labor
            force: Japan compared to other OECD countries.  76p.        
     737    Schultz, T. Paul.  Demand for children in low income        
            countries.  116p.                                           
     738    Schultz, T. Paul.  Fertility and child mortality in Cote    
            d'Ivoire and Ghana.  50p.                                   

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