New Acquisitions - April-May 1999


     UNIVERSITY OF ALBERTA.  Department of Economics.                   

     98-5   Tamaschke, R., Docwra, G. & Stillman, R.  Greenhouse gas    
            emissions and the competitive supply costs of electricity to
            class customers in a widespread sparsely populated system.  22p.              
     UNIVERSITY OF ALBERTA.  Institute for Public Economics.            

     99-1   van Egteren, Henry & Smith, R. Todd.  Strict liability      
            versus negligence in the harmonization of environmental     
            regulation.  41p.                                           

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

     9826   Alepuz, Dolores, Sempere-Monerris, Jose J. & Urbano, Amparo.
             Duopoly price communication.  43p.                         
     9825   Amoros, Pablo & Moreno, Bernardo.  Implementation of optimal
            contracts under adverse selection.  46p.                    
     9902   Chattopadhyay, Subir.  Information, stabilization and       
            welfare: the case of sunspots.  21p.                        
     9901   Gonzalez-Maestre, Miguel & Lopez-Cunat, Javier.  Delegation 
            and endogenous mergers in oligopoly.  25p.                  
     9903   Gonzalez-Maestre, Miguel & Lopez-Cunat, Javier.  Delegation 
            and mergers in oligopoly.  11p.                             
     9827   Urbano, Amparo & Vila, Jose E.  Unmediated communication in 
            repeated games with imperfect monitoring.  47p.             

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

     104    Petrakos, George, Caraveli, Helen & Mardakis, Prodromos.    
            Recent developments in the Greek system of urban centres.   
            21p.                                                        

     AUSTRALIAN NATIONAL UNIVERSITY.  Faculty of Economics.             

     364    Benge, Matt.  Marginal excess burden of taxes on capital and
            on labour income in a small open economy.  33p.             
     361    Dennis, Richard.  Conditionally optimal rules in a simple   
            closed economy model under discretion and commitment.  42p. 
     362    Dennis, Richard.  Optimal and conditionally optimal         
            targeting rules for small open economies.  42p.             
     363    Menezes, Flavio.  Auctions of identical objects with        
            single-unit demands: a survey.  26p.                        
     366    Menezes, Flavio & Monteiro, Paulo K.  Synergies and price   
            trends in sequential auctions.  18p.                        
     365    Pitchford, Rohan & Snyder, Christopher M.  Property rights, 
            incomplete contracts, and social harm.  43p.                
     367    Tyers, Rod & Yang, Yongzheng.  European unemployment U.S.   
            wages and the Asian emergence.  31p.                        

     BANK OF JAPAN.  Institute for Monetary & Economic Studies.         

     99-8   Milhaupt, Curtis J.  Japan's experience with deposit        
            insurance and failing banks: implications for financial     
            regulatory design.  42p.                                   

     UNIV. DE BARCELONA.  Div. de Ciencies Juridiques, Econ i Socials.  

     44     Alvarez-Albelo, Carmen & Diaz-Serrano, Lluis.  Human capital
            and consumption over the life cycle: a synthesis.  37p.     
     42     Conesa, Juan Carlos & Carriga, Carlos.  Reforma del sistema 
            de seguridad social y adquisicion de formacion.  31p.       
     36     Conesa, Juan Carlos & Krueger, Dirk.  Voting on social      
            security reform with heterogeneous agents.  33p.            
     37     Fontanals, Hortensia, Galisteo, Merche & Gomez del Valle,   
            Lourdes.  Dynamics of the term structure of interest rates: 
            a two-factor model.  16p.                                   
     33     Guillen-Estany, Montserrat & Bolance-Losilla, Catalina.  An 
            application to the transformed kernel density estimation to 
            labor earnings in Spain.  43p.                              
     32     Manresa, Antonio.  Can we identify Walrasian allocations?.  
            22p.                                                        
     41     Sole Olle, Albert.  The effects of tax deductability on the 
            mix of property taxes and user charges: an empirical        
            analysis of the Spanis.  38p.                               
     31     Vaya, Esther, Lopez-Bazo, Enrique & Artis, Manuel.  Growth  
            convergence and (why not?) regional externalities.  22p.    

     UNIVERSITY OF CALIFORNIA-SANTA BARBARA.  Department of Economics.  

     26/98  Bohn, Henning.  Social security and demographic uncertainty:
            the risk sharing properties of alternative policies.  41p.  
     1/99   Moon, Hyungsik R. & Phillips, Peter C.B.  Estimation of     
            autoregressive roots near unity using panel data.  62p.     
     2/99   Sengupta, Jati K.  Stochastic growth in Schumpeterian       
            dynamics.  21p.                                             
     27/98  Trejo, Stephen J.  Immigrant participation in low-wage labor
            markets.  30p.                                              

     BANK OF CANADA.  Technical Reports.                                

     84     Bolder, David & Streliski, David.  Yield curve modelling at 
            the Bank of Canada.  56p.                                   

     UNIVERSIDAD CARLOS III de MADRID.  Dept. de Economia.              

     9927   Aguirregabaria, Victor & Alonso-Borrego, Cesar.  Labor      
            contracts and flexibility: evidence from a labor market     
            reform in Spain.  49p.                                      
     9914   Alcalde, Jose & Romero-Medina, Antonio.  Sequential         
            decisions in the college admissions problem.  11p.          
     9913   Alcalde, Jose & Romero-Medina, Antonio.  Simple mechanisms  
            to implement the core of college admissions problems.  13p. 
     9918   Alvarez, Maria Jose & Rivera, Jaime.  An integrated typology
            of green manufacturing profiles.  31p.                      
     9902   Arguedas, Carmen.  Environmental standards and costly       
            monitoring.  33p.                                           
     9917   Arora, Ashish, Fosfuri, Andrea & Gambardella, Alfonso.      
            Markets for technology (why do we see them, why don't we see
            more of them, and why should we care?).  36p.               
     9922   Bajo, Oscar & Salas, Rafael.  Inequality foundations of     
            concentration measures: an application to the Hannah Kay    
            indices.  13p.                                              
     9907   Balbas, A., Longarela, I.R. & Lucia, J.  How does financial 
            theory apply to catastrophe-linked derivatives?: an         
            empirical test of several pricing models.  27p.             
     9925   de Frutos, M. Angeles & Pechlivanos, Lambros.  Second-price 
            common-value auctions under multidimensional uncertainty.   
            13p.                                                        
     9920   Desmet, Klaus.  A perfect foresight model of regional       
            development and skill specialization.  26p.                 
     9921   Desmet, Klaus.  A simple dynamic model of uneven development
            and overtaking.  27p.                                       
     9911   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.  The       
            bargaining set of a large economy with differential         
            information.  16p.                                          
     9916   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.  Fine value
            allocations in large exchange economies with differential   
            information.  22p.                                          
     9888   Garcia Diaz, Anton & Kujal, Praveen.  List pricing and pure 
            strategy outcomes in a Bertrand Edgeworth duopoly.  23p.    
     9881   Guell-Rotllan, Maia & Petrongolo, Barbara.  The transition  
            of workers from temporary to permanent employment: the      
            Spanish case.  22p.                                         
     9910   Kaiser, Regina & Maravall, Agustin.  Short-term and         
            long-term trends, seasonal adjustment and the business      
            cycle: the Hodrick-Prescott filter revisited.  113p.        
     9912   Marmol, Francesc, Escribano, Alvaro & Aparicio, Felipe M.  A
            new instrumental variable approach for estimation and       
            testing in fractional cointegrating regressions.  28p.      
     9904   Martinez-Granado, Maite.  Testing labour supply and hours   
            constraints.  34p.                                          
     9898   Martinez-Ros, Ester.  Explaining the decisions to carry out 
            product and process innovation: the Spanish case.  29p.     
     9908   Mora, Ricardo.  Third-generation Mexican American workers in
            the South-West: a case of wage discrimination?.  26p.       
     9909   Mora, Ricardo.  Wage inequality and structural change.  19p.
     9899   O'Brien, Patrick K. & Prados de la Escosura, Leandro.       
            Balance sheets for the acquisition, retention and loss of   
            European empires overseas.  38p.                            
     9897   Ortega, Jaime.  Power and the economics of organization.    
            30p.                                                        
     9903   Profit, Stefan & Sperlich, Stefan.  Non-uniformity of job   
            matching in a transition economy: a non-parametric analysis 
            for the Czech Republic.  37p.                               
     9889   Roses, Joan R.  The choice of technology in the             
            Mediterranean Basin: some evidence from the Spanish,        
     9905   Salas, Rafael.  Multilevel interterritorial convergence and 
            additive multidimensional inequality decomposition.  23p.   
     9893   Samartin, Margarita.  Bank runs, suspension of              
            convertibility versus deposit insurance.  35p.              
     9892   Samartin, Margarita.  The role of demand deposit in risk    
            sharing.  22p.                                              
     9880   Sanchez Leon, Pablo.  Market, institutions and cultures:    
            patterns of wine consumption in Europe, 1850-1950.  31p.    
     9915   Simpson, James.  Cooperation and cooperatives in Southern   
            European wine production: the nature of successful          
            institutional innovatio.  37p.                              
     9896   Tsay, Ruey S., Pena, Daniel & Pankratz, Alan E.  Outliers in
            multivariate time series.  20p.                             

     UNIVERSITY OF COPENHAGEN.  Centre for Industrial Economics.        

     9903   Monteiro, Paulo K. & Moraga-Gonzalez, Jose.  "We sold a     
            million copies": the role of advertising past sales.  25p.  
     9904   Schultz, Christian.  Export cartels and domestic markets.   
            24p.                                                        

     COWLES FOUNDATION FOR RESEARCH IN ECONOMICS AT YALE UNIVERSITY.    

     1209   Bewley, Truman.  Work motivation.  31p.                     
     1210   Herings, P.J.J. & Polemarchakis, H.M.  Pareto improving     
            price regulation when the asset market is incomplete.  43p. 
     1211   Morris, Stephen & Skiadis, Costis.  Rationalizable trade.   
            14p.                                                        
     1212   Shiller, Robert.  Measuring bubble expectations and investor
            confidence.  24p.                                           

     (ENGLAND) CENTRE FOR ECONOMIC POLICY RESEARCH.                     

     2098   Boeri, Tito & Flinn, Christopher J.  Returns to mobility in 
            the transition to a market economy.  38p.                   
     2119   Boone, Laurence & Maurel, Mathilde.  An optimal currency    
            area perspective of the EU enlargement to the Central and   
            Eastern European countries.  14p.                           
     2103   Brusco, Sandro.  Short-termism as optimal investment policy.
             25p.                                                       
     2114   Cohen, Daniel.  Welfare differentials across French and U.S.
            labour markets: a general equilibrium interpretation.  40p. 
     2104   Fidrmuc, Jan.  Stochastic shocks and incentives for         
            (dis)integration.  19p.                                     
     2102   Forslid, Rikard.  Agglomeration with human physical capital:
            an analytically solvable case.  17p.                        
     2118   Forslid, Rikard & Wooton, Ian.  Comparative advantage and   
            the location of production.  22p.                           
     2092   Geroski, Paul A.  The growth of firms in theory and in      
            practice.  26p.                                             
     2100   Golder, Stefan M. & Straubhaar, Thomas.  Discrimination in  
            the Swiss labour market: an empirical analysis.  22p.       
     2091   Haskel, Jonathan & Slaughter, Matthew J.  Trade, technology 
            and U.K. wage inequality.  35p.                             
     2095   Hoekman, Bernard & Konan, Denise Eby.  Deep integration,    
            non-discrimination and Euro-Meditteranean free trade.  37p. 
     2096   Hoekman, Bernard & Anderson, Kym.  Developing country       
            agriculture and the new trade agenda.  23p.                 
     2106   Hunt, Jennifer.  Post-unification wage growth in East       
            Germany.  43p.                                              
     2105   Johnson, Simon, McMillan, John & Woodruff, Christopher.  Why
            do firms hide?: bribes and unofficial activity after        
            Communism.  57p.                                            
     2093   Joskow, Paul & Tirole, Jean.  Transmission rights and market
            power on electric power networks I: financial rights.  38p. 
     2108   Padoa Schioppa Kostoris, Fiorella.  Regional aspects of     
            unemployment in Europe and in Italy.  50p.                  
     2101   Rochet, Jean-Charles & Tirole, Jean.  Cooperation among     
            competitors: the economics of credit card associations.     
            26p.                                                        
     2110   Saggi, Kamal & Vettas, Nikolaos.  On intraband and          
            interbrand competition: the strategic role of fees and      
            royalties.  48p.                                            
     2109   Saint-Paul, Gilles.  The political economy of employment    
            protection.  55p.                                           
     2099   Stevens, Margaret.  Should firms be required to pay for     
            vocational training?.  38p.                                 

     THE MAURICE FALK INSTITUTE FOR ECONOMIC RESEARCH IN ISRAEL.        

     9901   HajYehia, Samer.  Arbitrage tests of Israel's currency      
            options markets.  42p.                                      

     FEDERAL RESERVE BANK OF CHICAGO.  Research Department.             

     99-2   Shiratsuka, Sigenori.  Measurement errors in Japanese       
            consumer price index.  56p.                                 

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

     129    Repullo, Rafael & Suarez, Javier.  Entrepreneurial moral    
            hazard and bank monitoring: a model of the credit channel.  
            26p.                                                        

     FEDERAL RESERVE BANK OF PHILADELPHIA.  Economic Research Division. 

     99-2   Chatterjee, Satyajit & Corbae, Dean.  A welfare comparison  
            of pre- and post-World War II business cycles: some         
     99-3   Hunt, Robert M.  Nonobviousness and the incentive to        
            innovate: an economic analysis of intellectual property     
            reform.  52p.                                               

     FEDERAL RESERVE BOARD.  Finance & Economics Discussion Series.     

     9915   Carroll, Christopher D., Dynan, Karen E. & Krane, Spencer D.
             Unemployment risk and precautionary wealth: evidence from  
            households' balance sheets.  55p.                           
     9916   Hojvat-Gallin, Joshua.  Net migration and state labor market
            dynamics.  36p.                                             
     9910   Tetlow, Robert J. & von zur Muehlen, Peter.  Simplicity     
            versus optimality: the choice of monetary policy rules when 
            agents must learn.  47p.                                    

     FEDERAL RESERVE BOARD.  International Finance Papers.              

     634    Kaminsky, Graciela L. & Schmukler, Sergio L.  What triggers 
            market jitters: a chronicle of the Asian crisis.  39p.      

     FEDERAL TRADE COMMISSION.  Bureau of Economics.                    

     225    Hosken, Daniel & Reiffen, David.  Pricing behavior of       
            multiproduct retailers.  40p.                               

     HARVARD UNIVERSITY.  Institute of Economic Research.               

     1865   Calvet, Laurent E.  Incomplete markets and volatility.  55p.
     1862   Ellison, Glenn & Glaeser, Edward L.  The geographic         
            concentration of industry: does natural advantage explain   
            agglomeration?.  12p.                                       
     1861   Klette, Tor Jakob, Moen, Jarle & Griliches, Zvi.  Do        
            subsidies to commercial R & D reduce market failures?:      
            microeconomic evaluation studies.  36p.                     
     1863   Maskin, Eric & Moore, John.  Implementation and             
            renegotiation.  44p.                                        
     1864   Weitzman, Martin L.  A contribution to the theory of welfare
            comparisons.  21p.                                          

     HEBREW UNIV. Center for Rationality & Interactive Decision Theory. 

     191    Abbink, Klaus, Sadrieh, Abdolkarim & Zamir, Shmuel.  The    
            covered response ultimatum game.  21p.                      
     190    Guth, Werner, Kliemt, Hartmut & Peleg, Bezalel.             
            Co-evolution of preferences and information in simple games 
            of trust.  41p.                                             
     192    Hart, Sergiu & Mas-Colell, Andreu.  A general class of      
            adaptive strategies.  34p.                                  
     193    Volij, Oscar.  Utility equivalence in sealed bid auctions   
            and the dual theory of choice under risk.  19p.             

     HITOTSUBASHI UNIVERSITY.  Institute for Economic Research.         

     359    Havlik, Peter.  Wages, productivity and labour costs in the 
            Central and Eastern European countries.  38p.               
     360    Isa, Katsuhide & Tsuru, Tsuyoshi.  Cell production and      
            workplace innovation in Japan: toward a new model for       
            Japanese manufacturing?.  38p.                              
     356    Ito, Takatoshi & Sasaki, Yuri Nagataki.  Impacts of the     
            Basle capital standard on Japanese banks' behavior.  52p.   
     358    Kurosaki, Takashi & Fafchamps, Marcel.  Insurance market    
            efficiency and crop choices in Pakistan.  54p.              

     UNIVERSITY OF ICELAND.  Faculty of Economics & Business Admin.     

     9901   Booth, Alison L., Chen, Yu-Fu & Zoega, Gylfi.  Hiring and   
            firing: a tale of two thresholds.  19p.                     
     9903   Orszag, J. Michael & Snower, Dennis J.  Anatomy of policy   
            complementarities.  29p.                                    
     9902   Paldam, Martin & Svendsen, Gert T.  Is social capital an    
            effective smoke condenser?: an essay on a concept linking   
            the social sciences.  29p.                                  

     INSTITUT NATIONAL DE LA STATISTIQUE ET DES ETUDES ECONOMIQUES.     

     9901   Billio, M. & Monfort, A.  Functional indirect inference.    
            27p.                                                        
     9857   Blanke, D., Bosq, D. & Guegan, D.  Modelization and         
            nonparametric estimation for a dynamical system with noise. 
            27p.                                                        
     9906   Deelstra, Griselda, Grasseli, Martino & Koehl,              
            Pierre-Francois.  Conditional dominance criteria: definition
            and application to risk management.  19p.                   
     9856   Druilhet, P.  Optimality of neighbour balanced designs.     
            13p.                                                        
     9905   Gaumont, Damien & Mesnard, Alice.  Altruism and             
            international labour migration.  13p.                       
     9902   Goux, D., Maurin, E. & Pauchet, M.  Fixed-term contracts and
            the dynamics of labour demand.  57p.                        
     9907   Laurent, J.P. & Scaillet, O.  Variance optimal cap pricing  
            model.  41p.                                                
     9903   Lieberman, Offer, Rousseau, Judith & Zucker, David M.  Valid
            asymptotic expansions for the maximum likelihood estimator  
            of the parameter of a stationary, Gaussian strongl.  24p.   
     9904   Margolis, D.  Part-year employment, slow reemployment and   
            earnings losses: the case of worker displacement in France. 
            43p.                                                        
     9854   Pintus, P., Sands, D. & de Vilder, R.  On the transition    
            from local regular to global irregular fluctuations.  32p.  
     9858   van den Berg, G.J. & van der Klaauw, B.  Combining micro and
            macro unemployment duration data.  53p.                     

     IOWA STATE UNIVERSITY.  Department of Economics.                   

     315    Moschini, Giancarlo.  Production risk and the estimation of 
            ex-ante cost functions.  30p.                               

     LONDON SCHOOL OF ECONOMICS.  Financial Markets Group.              

     318    Alger, Ingela & Ma, Ching-to Albert.  Moral hazard,         
            insurance, and some collusion.  33p.                        
     316    Hoffman-Burchardi, Ulrike.  Clustering of initial public    
            offerings, information revelation and underpricing.  36p.   
     315    Hoffman-Burchardi, Ulrike.  Corporate governance rules and  
            the value of control: a study of German dual class shares.  
            38p.                                                        
     314    Schellekens, Philip.  Conservatism at no real cost: monetary
            policy delegation reconsidered.  36p.                       
     317    Vitale, Paolo.  Foreign exchange intervention and           
            macroeconomic stability.  34p.                              

     MACQUARIE UNIVERSITY.  Department of Economics.                    

     4/99   Ip, Pui Chi.  Inflation targeting: a critique.  16p.        
     3/99   MacMillan, Craig.  Internal labour markets: an              
            institutionalist perspective on two recent studies.  22p.   
     2/99   MacMillan, Craig.  Max Weber and economics: a neglected     
            relationship.  25p.                                         

     UNIVERSITY OF MELBOURNE.  Department of Economics.                 

     676    Brooks, Chris & Henry, Olan T.  Linear and non-linear       
            transmission of equity return volatility: evidence from the 
            U.S., Japan and Australia.  26p.                            
     679    Cashin, Paul & McDermott, C. John.  International capital   
            flows and national creditworthiness: examining Australia's  
            current account.  41p.                                      
     678    Cashin, Paul & McDermott, C. John.  Terms of trade shocks   
            and the current account.  36p.                              
     674    Creedy, John.  D.P. O'Brien's contribution to the history of
            economic analysis.  33p.                                    
     672    Creedy, John & Dawkins, Peter.  Comparing tax and transfer  
            systems: can incentive effects make a difference?.  28p.    
     675    Falvey, R. & Lloyd, Peter J.  An economic analysis of       
            extraterritoriality.  22p.                                  
     680    Gangadharan, Lata.  Compliance in environmental markets.    
            12p.                                                        
     683    Gangadharan, Lata & Maitra, Pushkar.  Two aspects of        
            fertility behaviour in South Africa.  29p.                  
     677    Hyde, Charles E. & Vercammen, James A.  Debt-funded bidding 
            under credit market and auction information asymmetries:    
            private values and first-price sealed bids.  34p.               
     684    Lye, Jenny N. & Hirschberg, Joe.  Wages and alcohol         
            consumption, smoking, weight gain and exercising: evidence  
            on Australian men and women.  46p.                          
     682    Messinis, George.  Credit and habit modification in the USA:
            1959-1997.  44p.                                            
     673    Messinis, George.  On the history of habit formation in     
            consumption.  35p.                                          
     681    Messinis, George.  Rational habit modification in           
            consumption: the role of durables and credit.  47p.         

     MICHIGAN STATE UNIVERSITY.  Department of Economics.               

     9801   Bayard, Kimberly, et al.  New evidence on sex segregation   
            and sex differences in wages from matched employee-employer 
            data.  55p.                                                 

     UNIVERSITY OF MINNESOTA.  Center for Economic Research.            

     306    McLennan, Andrew.  The expected number of Nash equilibria of
            a normal form game.  45p.                                   
     307    McLennan, Andrew.  The expected number of real roots of a   
            multihomogeneous system of polynomial equations.  22p.      

     MONASH UNIVERSITY.  Department of Econometrics & Bus. Statistics.  

     3/99   Evans, Merran.  School-leavers' transition to tertiary      
            study: a literature review.  37p.                           
     18/98  Evans, Merran & Farley, Alan.  Institutional characteristics
            and the relationship between students' first-year university
     2/99   Hyndman, Rob J. & Grunwald, Gary K.  Generalized additive   
            modelling of mixed distribution Markov models with          
            applications to Melbourne's rainfall.  14p.                 
     17/98  Hyndman, Rob J. & Yao, Qiwei.  Nonparametric estimation and 
            symmetry tests for conditional density functions.  15p.     
     1/99   Koehler, Anne B., Snyder, Ralph D. & Ord, J. Keith.         
            Forecasting models and prediction intervals for the         
            multiplicative Holt-Winters method.  27p.                   
     4/99   McLean, Alan.  The predictive approach to teaching          
            statistics.  15p.                                           

     MONASH UNIVERSITY.  Department of Economics.                       

     9/98   Bujard, Helmut H.J.  The European Economic and Monetary     
            Union: prospects and risks.  20p.                           
     12/98  Guest, Ross S. & McDonald, Ian M.  The impact of prospective
            demographic change on the optimal level of saving in        
            Australia.  41p.                                            
     13/98  Hanai, Satoshi.  Natural disasters and precautionary        
            savings: evidence from OECD cross country and Japanese      
            regional data.  23p.                                        
     10/98  Melvin, James & Waschik, Robert.  Resolutions of the        
            neoclassical ambiguity in the specific factor model.  22p.  
     14/98  Ng, Siang & Ng, Yew-Kwang.  Why do governments increase with
            growth but happiness remains unchanged?.  23p.              
     11/98  Yang, Xiaokai.  New development economics.  26p.            

     UNIVERSITE DE MONTREAL.  Departement de Sciences Economiques.      

     9810   Abdelkhalek, Touhami & Dufour, Jean-Marie.  Confidence      
            regions for calibrated parameters in computable general     
            equilibrium models.  32p.                                   
     9807   Bai, Jushan & Perron, Pierre.  Computation and analysis of  
            multiple structural change models.  60p.                    
     9812   Dufour, Jean-Marie & Jasiak, Joanna.  Finite-sample         
            inference methods for simultaneous equations and models with
            unobserved and generated regressors.  27p.                  
     9813   Dufour, Jean-Marie & Khalaf, Lynda.  Simulation-based       
            finite- and large-sample inference methods in multivariate  
            regressions and seemingly unrelated reg.  33p.              
     9811   Dufour, Jean-Marie, et al.  Simulation-based finite-sample  
            normality tests in linear regressions.  20p.                
     9808   Gobert, Karine & Poitevin, Michel.  Environmental risks:    
            should banks be liable.  27p.                               
     9806   Gobert, Karine & Poitevin, Michel.  Non-commitment and      
            savings in dynamic risk-sharing contracts.  28p.            
     9720   Hotte, Louis.  Natural resource exploitation with costly    
            enforcement of property rights.  31p.                       
     9805   Maniquet, Francois & Sprumont, Yves.  Efficient             
            strategy-proof allocation functions in linear production    
            economies.  15p.                                            
     9818   Meddahi, Nour & Renault, Eric.  Aggregations and            
            marginalizations of GARCH and stochastic volatility models. 
            73p.                                                        
     9814   Meddahi, Nour & Renault, Eric.  Quadratic M-estimators for  
            ARCH-type processes.  37p.                                  
     9901   Perron, Benoit.  Semi-parametric weak instrument regressions
            with an application to the risk-return trade-off.  56p.     
     9815   Perron, Pierre & Vodounou, Cosme.  Asymptotic approximations
            in the near-integrated model with a non-zero initial        
            condition.  33p.                                            
     9817   Perron, Pierre & Mallet, Sylvie.  The functional central    
            limit theorem with dependent errors: an helicopter tour of  
            the quality of the approximation.  14p.                     
     9809   Perron, Pierre & Rodriguez, Gabriel.  GLS detrending,       
            efficient unit root tests and structural change.  45p.      
     9816   Perron, Pierre & Vodounou, Cosme.  Sampling interval and    
            estimated betas: implications for the presence of transitory
            components in stock prices.  29p.                           

     UNIVERSITY OF MUNICH.  Center for Economic Studies.                

     164    Ahmad, Jaleel & Yang, Jing.  Trade liberalization in Eastern
            European countries and the prospects of their integration   
            into the world trading sy.  16p.                            
     172    Choi, Jay Pil & Thum, Marcel.  The economics of repeated    
            extortion.  26p.                                            
     170    Choi, Jay Pil.  Tying and innovation: a dynamic analysis of 
            tying arrangements.  28p.                                   
     166    Colonescu, Constantin & Schmitt, Nicholas.  Market          
            segmentation, market integration and tacit collusion.  23p. 
     168    Gollier, Christian & Rochet, Jean-Charles.  Discounting an  
            uncertain future.  23p.                                     
     165    Hoy, Michael & Polborn, Mattias.  The value of genetic      
            information in the life insurance market.  26p.             
     171    Reiter, Michael & Weichenrieder, Alfons J.  Public goods,   
            club goods and the measurement of crowding.  13p.           
     167    Schob, Ronnie & Wildasin, David E.  Economic integration and
            labor market institutions: worker mobility, earnings risk,  
            and contract structure.  30p.                               
     169    Treble, John G.  Points schemes.  19p.                      

     NATIONAL BUREAU OF ECONOMIC RESEARCH.  Working Papers.             

     6879   Acemoglu, Daron & Zilibotti, Fabrizio.  Productivity        
            differences.  47p.                                          
     6883   Alesina, Alberto & Wacziarg, Romain.  Is Europe going too   
            far?.  45p.                                                 
     6966   Allen, Steven G., Clark, Robert L. & Schieber, Sylvester J. 
            Has job security vanished in large corporations?.  35p.     
     6953   Alvarez, Fernando & Jermann, Urban J.  Quantitative asset   
            pricing implications of endogenous solvency constraints.    
            70p.                                                        
     6961   Anderson, Torben G., et al.  The distribution of exchange   
            rate volatility.  47p.                                      
     6902   Ashenfelter, Orley & Rouse, Cecilia.  Schooling,            
            intelligence, and income in America: cracks in the bell     
            curve.  40p.                                                
     6868   Baker, George P. & Hall, Brian J.  CEO incentives and firm  
            size.  34p.                                                 
     6894   Baker, Laurence & Spetz, Joanne.  Managed care and medical  
            technology growth.  40p.                                    
     6921   Baldwin, Richard E.  The core-periphery model with          
            forward-looking expectations.  22p.                         
     6899   Baldwin, Richard E. & Forslid, Rikard.  The core-periphery  
            model and endogenous growth: stabilising and de-stabilising 
            integration.  20p.                                          
     6904   Baldwin, Richard E. & Martin, Philippe.  Two waves of       
            globalisation: superficial similarities, fundamental        
            differences.  33p.                                          
     6938   Bebchuk, Lucian A. & Kahan, Marcel.  The "lemons effect" in 
            corporate freeze-outs.  19p.                                
     6919   Bebchuk, Lucian A. & Jolls, Christine.  Managerial value    
            diversion and shareholder wealth.  25p.                     
     6951   Bebchuk, Lucian, Kraakman, Reinier & Triantis, George.      
            Stock pyramids, cross-ownership, and dual class equity: the 
            creation and agency costs of separating control from ca.    
            34p.                                                        
     6880   Bekaert, Geert & Liu, Jun.  Conditioning information and    
            variance bounds on pricing kernels.  40p.                   
     6715   Berman, Eli & Klinov, Ruth.  Sect, subsidy, and sacrifice:  
            an economist's view of Ultra-Orthodox Jews.  38p.           
     6877   Bernstein, Jeffrey I., Mamuneas, Theofanis P. & Pashardes,  
            Panos.  Factor adjustment, quality change, and productivity 
            growth for U.S. manufacturing.  42p.                        
     6900   Bertrand, Marianne.  From the invisible handshake to the    
            invisible hand?: how import competition changes the         
            employment relationship.  59p.                              
     6924   Blanchard, Olivier J. & Katz, Lawrence.  Wage dynamics:     
            reconciling theory and evidence.  12p.                      
     6575   Blumenthal, Marsha, Christian, Charles & Slemrod, Joel.  The
            determinants of income tax compliance: evidence from a      
            controlled experiment in Minnesota.  38p.                   
     6824   Bordo, Michael D. & Schwarz, Anna J.  Under what            
            circumstances, past and present, have international rescues 
            of countries in financial distress been succ.  52p.         
     6862   Bordo, Michael & Vegh, Carlos A.  What if Alexander Hamilton
            had been Argentinean?: a comparison of the early monetary   
            experience of Argentina & the .  54p.                       
     6872   Buchmueller, Thomas & DiNardo, John.  Did community rating  
            induce an adverse selection death spiral?: evidence from New
            York, Pennsylvania, and Connectic.  42p.                    
     6758   Burnside, Craig, Eichenbaum, Martin & Rebelo, Sergio.       
            Prospective deficits and the Asian currency crisis.  53p.   
     6649   Calomiris, Charles W. & Wilson, Berry.  Bank capital and    
            portfolio management: the 1930s "capital crunch" and        
            scramble to shed risk.  50p.                                
     6925   Calvo, Guillermo A. & Vegh, Carlos A.  Inflation            
            stabilization and balance of payments crises in developing  
            countries.  89p.                                            
     6929   Campa, Jose M., Chang, P.H. Kevin & Refalo, James F.  An    
            options-based analysis of emerging market exchange rate     
            expectations: Brazil's Real plan, 1994-1997.  43p.          
     6939   Chaloupka, Frank J., et al.  Do higher cigarette prices     
            encourage youth to use marijuana?.  25p.                    
     6920   Chan, Sewin & Stevens, Ann H.  Job loss and retirement      
            behavior of older men.  48p.                                
     6891   Chari, V.V. & Kehoe, Patrick J.  Optimal fiscal and monetary
            policy.  118p.                                              
     6826   Chay, Kenneth Y. & Greenstone, Michael.  Does air quality   
            matter?: evidence from the housing market.  65p.            
     6926   Cheung, Yin-Wong & Chinn, Menzie D.  Are macroeconomic      
            forecasts informative?: cointegration evidence from the     
            ASA-NBER surveys.  25p.                                     
     6935   Clarida, Richard & Prendergast, Joe.  Recent G3 current     
            account imbalances: how important are structural factors?  
            25p.                                                        
     6882   Cockburn, Iain, Henderson, Rebecca & Stern, Scott.          
            Balancing incentives: the tension between basic and applied 
            research.  45p.                                             
     6905   Cook, Philip J. & Moore, Michael J.  Alcohol.  84p.         
     6898   Cooper, Russell & Johri, Alok.  Learning by doing and       
            aggregate fluctuations.  37p.                               
     6889   Corseti, Giancarlo, et al.  Competitive devaluations: a     
            welfare-based approach.  34p.                               
     6943   Currie, Janet & Thomas, Duncan.  Early test scores,         
            socioeconomic status and future outcomes.  40p.             
     6672   Cutler, David M. & Horwitz, Jill R.  Converting hospitals   
            from not-for-profit to for-profit status: why and what      
            effects?.  54p.                                             
     6895   Cutler, David M. & Richardson, Elizabeth.  Your money and   
            your life: the value of health and what affects it.  73p.   
     6954   Dehejia, Rajeev H.  Program evaluation as a decision        
            problem.  58p.                                              
     6867   Devereux, Michael B. & Engel, Charles.  Fixed vs. floating  
            exchange rates: how price setting affects the optimal choice
            of exchange-rate regime.  52p.                              
     6928   Diebold, Francis X. & Kilian, Lutz.  Unit root tests are    
            useful for selecting forecasting model.  28p.               
     6827   Eaton, Jonathan, Gutierrez, Eva & Kortum, Samuel.  European 
            technology policy.  49p.                                    
     6934   Edlin, Aaron S.  Per-mile premiums for auto insurance.  53p.
     6821   Eichengreen, Barry.  Does MERCOSUR need a single currency?. 
            37p.                                                        
     6890   Ellickson, Paul, Stern, Scott & Trajtenberg, Manuel.        
            Patient welfare and patient compliance: an empirical        
            framework for measuring the benefits from pharmaceutical    
            innov.  29p.                                                
     6959   Engel, Eduardo.  Poisoned grapes, mad cows and              
            protectionism.  24p.                                        
     6903   Engel, Eduardo M.R.A & Hines, James R.  Understanding tax   
            evasion dynamics.  68p.                                     
     6940   Farrelly, Matthew C., et al.  The effects of prices and     
            policies on the demand for marijuana: evidence from the     
            National Household Survey on Drug.  22p.                    
     6917   Feldstein, Martin.  Prefunding Medicare.  17p.              
     6930   Feldstein, Martin.  Public policies and private saving in   
            Mexico.  45p.                                               
     6907   Feldstein, Martin.  Self-protection for emerging market     
            economies.  22p.                                            
     6839   Feldstein, Martin & Ranguelova, Elena.  Individual risk and 
            intergenerational risk sharing in an investment-based social
            security system.  49p.                                      
     6860   Feldstein, Martin & Altman, Daniel.  Unemployment insurance 
            savings accounts.  35p.                                     
     6923   Feliciano, Zadia & Lipsey, Robert E.  Foreign ownership and 
            wages in the United States, 1987-1992.  26p.                
     6967   Ferson, Wayne E. & Harvey, Campbell R.  Economic, financial,
            and fundamental global risk in and out of the EMU.  52p.    
     6933   Fischer, Ronald D. & Prusa, Thomas J.  Contingent protection
            as better insurance.  14p.                                  
     6825   Frank, Richard G., Glazer, Jacob & McGuire, Thomas G.       
            Measuring adverse selection in managed health care.  46p.   
     6942   Freeman, Richard B. & Lindauer, David L.  Why not Africa?.  
            35p.                                                        
     6865   Gaynor, Martin, Haas-Wilson, Deborah & Vogt, William B.  Are
            invisible hands good hands?: moral hazard competition, and  
            the second best in health care markets.  28p.               
     6970   Goldberg, Fred T. & Graetz, Michael J.  Reforming social    
            security: a practical and workable systems of personal      
            retirement account.  43p.                                   
     6906   Gompers, Paul A. & Lerner, Josh.  What drives venture       
            capital fundraising?.  53p.                                 
     6964   Gordon, Robert J.  The aftermath of the 1992 ERM breakup:   
            was there a macroeconomic free lunch?.  71p.                
     6931   Greenwood, Jeremy & Jovanovic, Boyan.  The information      
            technology revolution and the stock market.  15p.           
     6901   Grossman, Gene M.  Imperfect labor contracts and            
            international trade.  40p.                                  
     6912   Hall, Robert E.  Aggregate job destruction and inventory    
            liquidation.  30p.                                          
     6914   Hall, Robert E.  Controlling the price level.  22p.         
     6927   Hamermesh, Daniel S.  The art of labormetrics.  38p.        
     6915   Harrison, Ann & Hanson, Gordon.  Who gains from trade       
            reform?: some remaining puzzles.  47p.                      
     6886   Hermalin, Benjamin E. & Rose, Andrew K.  Risks to lenders   
            and borrowers in international capital markets.  46p.       
     6875   Holmstrom, Bengt.  Managerial incentive problems: a dynamic 
            perspective.  23p.                                          
     6941   Hooker, Mark A. & Knetter, Michael M.  Measuring the        
            economic effects of military base closures.  31p.           
     6911   Hoxby, Caroline M.  The productivity of schools and other   
            local public goods producers.  34p.                         
     6873   Hoxby, Caroline M. & Terry, Bridget.  Explaining rising     
            income and wage inequality among the college-educated.  72p.
     6878   Hunt, Jennifer.  Post-unification wage growth in East       
            Germany.  43p.                                              
     6913   Jeng, Leslie A., Metrick, Andrew & Zeckhauser, Richard.  The
            profits to insider trading: a performance-evaluation        
            perspective.  56p.                                          
     6887   Kaestner, Robert, Joyce, Theodore & Racine, Andrew.  Does   
            publicly provided health insurance improve the health of    
            low-income children in the United States?.  26p.            
     6960   Kaplow, Louis & Shavell, Steven.  Economic analysis of law. 
            97p.                                                        
     6962   Kashyap, Anil K., Rajan, Raghuram & Stein, Jeremy C.  Banks 
            and liquidity providers: an explanation for the co-existence
            of lending and deposit-taking.  51p.                        
     6897   Kessler, Daniel & McClellan, Mark.  Designing hospital      
            antitrust policy to promote social welfare.  28p.           
     6955   Khanna, Tarun & Palepu, Krishna.  Emerging market business  
            groups, foreign investors, and corporate governance.  33p.  
     6968   Kim, Woochan & Wei, Shang-Jin.  Foreign portfolio investors 
            before and during a crisis.  28p.                           
     6947   Klette, Tor Jakob, Moen, Jarle & Griliches, Zvi.  Do        
            subsidies to commercial R & D reduce market failures?:      
            microeconomic evaluation studies.  35p.                     
     6969   Knetter, Michael M. & Slaughter, Matthew J.  Measuring      
            product market integration.  40p.                           
     6846   Kortum, Samuel & Lerner, Josh.  Does venture capital spur   
            innovation?.  67p.                                          
     6922   Koskela, Erkki, Schob, Ronnie & Sinn, Hans-Werner.  Green   
            tax reform and competitiveness.  15p.                       
     6952   Krishna, Kala & Tranaes, Torben.  Efficient competition with
            small numbers, with applications to privatisation and       
            mergers.  26p.                                              
     6861   Krishna, Kala, Ozyildirim, Ataman & Swanson, Norman R.      
            Trade, investment, and growth: nexus, analysis, and         
            prognosis.  36p.                                            
     6885   Lang, Mark H. & Shackelford, Douglas A.  Capitalization of  
            capital gains taxes: evidence from stock price reactions to 
            the 1997 rate reduction.  37p.                              
     6957   Lazear, Edward P.  Personnel economics: past lessons and    
            future directions.  61p.                                    
     6910   Lee, Julie, McClellan, Mark & Skinner, Jonathan.  The       
            distributional effects of Medicare.  38p.                   
     6570   Levin, Andrew, Wieland, Volker & Williams, John C.          
            Robustness of simple monetary policy rules under model      
            uncertainty.  47p.                                          
     6893   Levinsohn, James & Petrin, Amil.  When industries become    
            more productive, do firms?: investigating productivity      
            dynamics.  37p.                                             
     6876   Lipsey, Robert E.  The location and characteristics of U.S. 
            affiliates in Asia.  34p.                                   
     6908   Manski, Charles F. & Straub, John D.  Worker perceptions of 
            job insecurity in the mid 1990s: evidence from the survey of
            economic expectations.  46p.                                
     6916   Markowitz, Sara.  The price of alcohol, wife abuse, and     
            husband abuse.  35p.                                        
     6629   Markowitz, Sara & Grossman, Michael.  The effects of alcohol
            regulation on physical child abuse.  42p.                   
     6950   Miron, Jeffrey A.  Violence and U.S. prohibitions of drugs  
            and alcohol.  40p.                                          
     6965   Mishkin, Frederic S.  International experiences with        
            different monetary policy regimes.  47p.                    
     6892   Mishkin, Frederic S. & Strahan, Philip E.  What will        
            technology do to financial structure?.  31p.                
     6581   Neumark, David.  Youth labor markets in the U.S.: shopping  
            around vs. staying put.  38p.                               
     6932   Nevo, Aviv & Wolfram, Catherine.  Prices and coupons for    
            breakfast cereals.  45p.                                    
     6590   Petroni, Kathy R. & Shackelford, Douglas A.  Managing annual
            accounting reports to avoid state taxes: an analysis of     
            property-casualty insurers.  29p.                           
     6945   Polinsky, A. Mitchell & Shavell, Steven.  Corruption and    
            optimal law enforcement.  25p.                              
     6918   Poterba, James M. & Warshawsky, Mark J.  The costs of       
            annuitizing retirement payouts from individual accounts.    
            35p.                                                        
     6949   Rangel, Antonio & Zeckhauser, Richard.  Can market and      
            voting institutions generate optimal intergenerational risk 
            sharing?.  33p.                                             
     6884   Razin, Assaf, Sadka, Efraim & Yuen, Chi-Wa.  An             
            information-based model of foreign direct investment: the   
            gains from trade revisited.  34p.                           
     6948   Romer, Christina D.  Changes in business cycles: evidence   
            and explanations.  48p.                                     
     6909   Rotemberg, Julio J. & Woodford, Michael.  The cyclical      
            behavior of prices and costs.  116p.                        
     6963   Roth, Alvin E. & Peranson, Elliott.  The redesign of the    
            matching market for American physicians: some engineering   
            aspects of economic design.  69p.                           
     6958   Saffer, Henry & Chaloupka, Frank.  Tobacco advertising:     
            economic theory and international evidence.  34p.           
     6946   Scheve, Kenneth F. & Slaughter, Matthew J.  Labor-market    
            competition and individual preferences over immigration     
            policy.  30p.                                               
     6971   Shapiro, Irving, Shapiro, Matthew D. & Wilcox, David W.     
            Quality improvement in health care: a framework for price   
            and output measurement.  11p.                               
     6956   Shavell, Steven & van Ypersele, Tanguy.  Rewards versus     
            intellectual property rights.  31p.                         
     6896   Sloan, Frank A., et al.  Does where you are admitted make a 
            difference?: an analysis of Medicare data.  44p.            
     6937   Tauras, John A. & Chaloupka, Frank J.  Price, clean indoor  
            air laws, and cigarette smoking: evidence from longitudinal 
            data for young adults.  43p.                                

     UNIVERSITY OF NEW SOUTH WALES.  School of Economics.               

     9813   Gorgens, Tue.  Semiparametric estimation of censored        
            transformation models.  32p.                                
     9816   Meagher, Kieron.  The impact of hierarchies on wages.  35p. 
     9815   Monadjemi, Mehdi S.  Money and income: a changing           
            relationship.  18p.                                         
     9814   Robertson, Peter E.  Diminished returns?: the role of       
            savings and investment rates in East Asia's miracle.  28p.  

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

     99-3   Acharya, Viral V., John, Kose & Sundaram, Rangarajan K.     
            Contract renegotiation and the optimality of resetting      
            executive stock options.  41p.                              
     9910   Altman, Edward I., Cooke, Diane & Kishore, Vellore.         
            Defaults and returns on high yield bonds: analysis through  
            1998 and default outlook for 1999-2001.  41p.               
     99-9   Altman, Edward I. & Beltran, Luis.  Market size and         
            investment performance of defaulted bonds and bank loans,   
            1987-1998.  36p.                                            
     9913   Brenner, Menachem, Eldor, Rafi & Hauser, Shmuel.  The price 
            of options illiquidity.  26p.                               
     9912   Cole, Rebel A., Goldberg, Lawrence G. & White, Lawrence J.  
            Cookie-cutter versus character: the micro structure of small
            business lending by large and small banks.  32p.            
     99-1   Figlewski, Stephen & Green, T. Clifton.  Market risk and    
            model risk for a financial institution writing options.     
            39p.                                                        
     9915   Franke, Gunter, Stapleton, Richard C. & Subrahmanyam, Marti 
            G.  When are options overpriced?: the Black-Scholes model   
            and alternative characterizations of the pricing kernel.    
            32p.                                                        
     9917   Hasbrouck, Joel.  Trading fast and slow: security market    
            events in real time.  47p.                                  
     9918   Hasbrouck, Joel & Seppi, Duane J.  Common factors in prices,
            order flows and liquidity.  29p.                            
     99-5   Huang, Qi & Levich, Richard M.  Underpricing of new equity  
            offerings by privatized firms: an international test.  46p. 
     99-8   Levich, Richard M. & Rizzo, Rosario C.  Alternative tests   
            for time series dependence based on autocorrelation         
            coefficients.  43p.                                         
     99-4   Oertmann, Peter & Zimmermann, Heinz.  Global economic       
            conditions and risk premia on international investments.    
            44p.                                                        
     99-2   Reilly, Frank K., Wright, David J. & Altman, Edward I.      
            Including defaulted bonds in the capital market asset       
            spectrum.  34p.                                             
     99-7   Saunders, Anthony, Srinivasan, Anand & Walter, Ingo.  Price 
            formation in the OTC corporate bond markets: a field study  
            of the inter dealer market.  34p.                           
     99-6   Scher, Mark J.  Bank-firm cross-shareholding: is it really  
            winding down?: recent evidence from Japan.  31p.            
     9911   Smith, Roy C. & Walter, Ingo.  1998 global capital market   
            activity and market shares of leading competitors.  7p.     
     9914   Smith, Roy C.  Restructuring Japanese financial             
            institutions.  18p.                                         
     9916   Walter, Ingo.  Financial services strategies in the         
            Euro-zone.  26p.                                            

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

     9905   Brusco, Sandro & Lopomo, Guiseppe.  Collusion via signalling
            in open ascending auctions with multiple objects and        
            complementarities.  27p.                                    
     9904   Krueger, Dirk & Perri, Fabrizio.  Risk sharing: private     
            insurance markets or reditributive taxes?.  56p.            
     9902   White, Lawrence J.  Lysine and price fixing:  How long?  How
            severe?.  13p.                                              
     9903   White, Lawrence J.  Present at the beginning of a new era   
            for antitrust: reflections on 1982-1983.  30p.              
     9901   White, Lawrence J.  Wanted: a market definition paradigm for
            monopolization cases.  9p.                                  

     UNIVERSITY OF NORTH CAROLINA.  Department of Economics.            

     9901   Mroz, Thomas A. & Glinskaya, Elena.  The gender gap in wages
            in Russia from 1992 to 1995.  52p.                          
     9802   Mroz, Thomas A. & Savage, Timothy H.  Overfitting and biases
            in nonparametric kernel regressions using cross validated   
            bandwidths: a cautionary note.  16p.                        
     9801   Rahman, M. Saif.  Imperfect factor mobility: theories of    
            international trade, and the political economy of structural
            transformation.  27p.                                       

     NORTHWESTERN UNIVERSITY. Center for Math Studies in Econ & Mgmt Sci

     1250   Al-Najjar, Nabil I. & Smorodinsky, Rann.  Large             
            non-anonymous repeated games.  17p.                         
     1249   Al-Najjar, Nabil I., Casadesus-Masanell, Ramon & Ozdenoren, 
            Emre.  Subjective representation of complexity.  46p.       
     1245   Austen-Smith, David & Banks, Jeffrey S.  Cheap talk and     
            burned money.  24p.                                         
     1246   Austen-Smith, David & Banks, Jeffrey S.  Cycling of simple  
            rules in the spatial model.  12p.                           
     1251   Barlevy, Gadi.  Credit market frictions and the reallocation
            process.  43p.                                              
     1252   Barlevy, Gadi & Veronesi, Pietro.  On the possibility of    
            stock market crashes in the absence of portfolio insurance. 
            16p.                                                        
     1243   Jehiel, Philippe & Moldovanu, Benny.  Auctions with         
            downstream interaction among buyers.  30p.                  
     1244   Jehiel, Philippe & Moldovanu, Benny.  Efficient design with 
            interdependent valuations.  31p.                            
     1247   Ma, Jinpeng.  Stable matchings and the small core in Nash   
            equilibrium in the college admissions problem.  23p.        
     1237   Matsuyama, Kiminori.  Economic development with endogenous  
            retirement.  23p.                                           
     1238   Matsuyama, Kiminori.  Endogenous inequality.  37p.          
     1239   Matsuyama, Kiminori.  Geography of the world economy.  26p. 
     1240   Matsuyama, Kiminori.  Playing multiple complementarity games
            simultaneously.  28p.                                       
     1253   Schummer, James & Vohra, Rakesh V.  Strategy-proof location 
            on a network.  21p.                                         
     1248   Wiseman, Thomas & Yilankaya, Okan.  Cooperation, secret     
            handshakes, and imitation in the prisoners' dilemma.  28p.  

     NORWEGIAN SCHOOL OF ECONOMICS & BUSINESS ADMINISTRATION.           

     26/98  Asche, Frank.  Testing the effect of an anti-dumping duty:  
            the U.S. salmon market.  19p.                               
     27/98  Asche, Frank, Bremnes, Helge & Wessells, Cathy R.  Product  
            aggregation, market integration and relationships between   
            prices: an application to world salmon markets.  37p.       
     5/99   Asheim, Geir B., Buchholz, Wolfgang & Tungodden, Bertil.    
            Justifying sustainability.  24p.                            
     3/99   Asplund, Marcus, Sandin, Rickard & Steen, Frode.  Turbulence
            in the Swedish beer market.  36p.                           
     32/98  Bardsen, Gunnar & Klovland, Jan Tore.  Shaken or stirred?:  
            financial deregulation and the monetary transmission        
            mechanism in Norway.  23p.                                  
     25/98  Hakonsen, Lars & Mathiesen, Lars.  Welfare cost measurement 
            and excess burden in computable general equilibrium models. 
            13p.                                                        
     1/99   Haufler, Andreas & Schjelderup, Guttorm.  Corporate tax     
            systems and cross country profit shifting.  24p.            
     30/98  Kind, Hans Jarle.  Agglomeration and growth effects of      
            trade/liberalization.  23p.                                 
     31/98  Kind, Hans Jarle.  Trade costs, innovation, and imitation.  
            33p.                                                        
     29/98  Kind, Hans Jarle.  Trade liberalization, saving, and        
            development.  31p.                                          
     6/99   Salvanes, Kjell G.  Employment policies at the plant level: 
            job and worker flows for heterogeneous labour in Norway.    
            34p.                                                        
     2/99   Salvanes, Kjell G. & Tveteras, Ragnar.  Firm exit, vintage  
            effect and the business cycle in Norway.  28p.              
     28/98  Steigum, Erling & Thogersen, Oystein.  Borrow and adjust:   
            fiscal policy and sectoral adjustment in an open economy.   
            34p.                                                        
     4/99   Tungodden, Bertil.  Egalitarianism: is leximin the only     
            option?.  12p.                                              

     OSAKA UNIVERSITY.  Institute of Social and Economic Research.      

     468    Ashiya, Masahiro.  Weak entrants are welcome.  38p.         
     470    Horioka, Charles Y. & Okui, Megumi.  The U.S.-Japan         
            comparison of the importance and determinants of retirement 
            saving.  9p.                                                

     UNIVERSITY OF OTTAWA.  Department of Economics.                    

     9805   Grafton, R. Quentin & Day, Kathleen M.  Interprovincial     
            student mobility in Canada.  62p.                           
     9902   Parguez, ALain & Seccareccia, Mario.  A credit theory of    
            money: the monetary circuit approach.  30p.                 

     PRINCETON UNIVERSITY.  International Finance Section-Essays.       

     212    Buira, Ariel.  An alternative approach to financial crises. 
            26p.                                                        

     PRINCETON UNIVERSITY.  Woodrow Wilson School-Papers in Economics.  

     207    Anderson, James M., Kling, Jeffrey R. & Stith, Kate.        
            Measuring inter-judge sentencing disparity before and after 
            the federal sentencing guidelines.  62p.                    
     205    Grossman, Gene M.  Imperfect labor contracts and            
            international trade.  40p.                                  
     206    Krishna, Vijay & Morgan, John.  A model of expertise.  39p. 
     204    Morgan, John & Stocken, Phillip.  An analysis of stock      
            recommendations.  33p.                                      

     QUEEN'S UNIVERSITY.  Institute for Economic Research.              

     980    Boadway, Robin & Cuff, Katherine.  A minimum-wage can be    
            welfare-improving and employment-enhancing.  39p.           
     982    Boadway, Robin & Cuff, Katherine.  Monitoring job search as 
            an instrument for targeting transfers.  28p.                
     977    Usher, Dan.  Public provision of indivisible private goods  
            in short supply.  34p.                                      

     UNIVERSITY OF SAARLAND.  Department of Economics.                  

     9801   Friedman, Ralph & Sanddorf-Kohle, Walter.  Volatility       
            clustering and nontrading days in Chinese stock markets.    
            39p.                                                        
     9803   Sanddorf-Kohle, Walter.  The kurtosis of ARMA-GARCH models. 
            10p.                                                        

     SANTA FE INSTITUTE.  Economics Research Program.                   

     98-100 Auerswald, Philip, et al.  The production recipes approach  
            to modeling technological innovation: an application to     
            learning by doing.  76p.                                    
     98-102 Bak, Per, Norrelykke, Simon F. & Shubik, Martin.  The       
            dynamics of money.  12p.                                    
     9882   Blume, Lawrence E. & Easley, David.  Optimality and natural 
            selection in markets.  36p.                                 
     98-117 Farmer, J. Doyne.  Market force, ecology, and evolution.    
            77p.                                                        
     98-114 Joshi, Shareen & Bedau, Mark A.  An explanation of generic  
            behavior in an evolving financial market.  15p.             
     98-115 Joshi, Shareen, Parker, Jeffrey & Bedau, Mark A.  Technical 
            trading creates a prisoner's dilemma: results from an       
            agent-based model.  16p.                                    
     9891   Kauffman, Stuart, Lobo, Jose & Macready, William G.  Optimal
            search on a technology landscape.  40p.                     
     9837   Miller, John H., Butts, Carter & Rode, David.  Communication
            and cooperation.  18p.                                      
     9903   Shubik, Martin & Vriend, Nicholaas J.  A behavioral approach
            to a strategic market game.  21p.                           

     UNIVERSITY OF STOCKHOLM.  Department of Economics.                 

     99-3   Arai, Mahmood.  Wages, profits and capital intensity:       
            evidence from matched worker-form data.  27p.               
     99-2   Dufwenberg, Martin & Stegeman, Mark.  When order matters for
            iterated strict dominance.  8p.                             
     99-1   Lundholm, Michael & Ohlsson, Henry.  Post mortem reputation,
            compensatory gifts and equal bequests.  6p.                 

     TEL-AVIV UNIVERSITY.  Eitan Berglas School of Economics.           

     30/98  Aoki, Reiko & Spiegel, Yossi.  Public disclosure of patent  
            applications.  46p.                                         
     4/99   Dekel, Eddie & Scotchmer, Suzanne.  On the evolution of     
            attitudes towards risk in winner-take-all games.  18p.      
     9/99   Dekel, Eddie, Fudenberg, Drew & Levine, David K.  Payoff    
            information and self-confirming equilibrium.  27p.          
     3/99   Dekel, Eddie & Piccione, Michele.  Sequential voting        
            procedures in symmetric binary elections.  26p.             
     1/99   Gandal, Neil & Roccas, Sonia.  Good neighbors/bad citizens: 
            personal value priorities of economists.  14p.              
     6/99   Hercowitz, Zvi & Strawczynski, Michel.  Cyclical bias in    
            government spending: evidence from the OECD.  24p.          
     11/99  Hvide, Hans K.  Bounds to memory loss.  22p.                
     5/99   Hvide, Hans K. & Kristiansen, Eirik G.  Risk taking in      
            selection contests.  19p.                                   
     2/99   Hvide, Hans K.  Signalling and self-insight in the job      
            market.  28p.                                               
     29/98  Karni, Edi & Zilcha, Itzhak.  Saving behavior in stationary 
            equilibrium with random discounting.  21p.                  
     8/99   Razin, Assaf & Sadka, Efraim.  Unskilled migration: a burden
            or a boon for the welfare state?.  23p.                     
     28/98  Razin, Assaf, Sadka, Efraim & Yuen, Chi-Wa.  An             
            information-based model of foreign direct investment: the   
            gains from trade revisited.  34p.                           
     7/99   Rubinstein, Ariel.  Experience from a course in game theory:
            pre and post-class problem sets as a didactic device.  17p. 
     27/98  Rubinstein, Yona & Tsiddon, Daniel.  Coping with            
            technological progress: the role of ability in making       
            inequality so persistent.  54p.                             
     10/99  Trajtenberg, Manuel.  Innovation in Israel 1968-97: a       
            comparative analysis using patent data.  43p.               

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

     32     Barca, Fabrizio, et al.  The divergence of the Italian and  
            Japanese corporate governance models: the role of           
            institutional shocks.  24p.                                 
     42     Bhaskar, V. & To, Ted.  Oligopsony and the distribution of  
            wages.  19p.                                                
     23     Fujimoto, Takahiro.  Toyota Motor Manufacturing Australia in
            1995: an emergent global strategy.  53p.                    
     33     Fujimoto, Takahiro & Yasumoto, Masanori.  The impact of     
            product-industry characteristics on effective patterns of   
            product development.  40p.                                  
     36     Fukuda, Shin-ichi & Toya, Hideki.  A new view of the source 
            of East Asian economic growth: what made capital stock      
            accumulation so remarkable in East .  29p.                  
     29     Hanazaki, Masaharu & Horiuchi, Akiyoshi.  A vacuum of       
            governance in the Japanese bank management.  74p.           
     22     Ihori, Toshihiro.  Wealth taxation and economic growth.     
            28p.                                                        
     30     Iwai, Katsuhito.  Schumpeterian dynamics: a disequilibrium  
            theory of long-run profits.  49p.                           
     31     Iwai, Katsuhito.  Towards a disequilibrium theory of        
            long-run profits: a Schumpeterian perspective.  67p.        
     26     Kim, Yong-Jin & Kunitomo, Naoto.  Pricing options under     
            stochastic interest rates: a new approach.  24p.            
     25     Kubokawa, T. & Srivastava, M.S.  Estimating risk and mean   
            squared error matrix in Stein estimation.  24p.             
     34     Matsushima, Hitoshi.  Learning as the dynamics of emotions  
            and strength of confidence.  24p.                           
     24     Matsushima, Hitoshi.  Multimarket contact, imperfect        
            monitoring, and implicit collusion.  25p.                   
     27     Miwa, Yoshiro.  The social responsibility of directors:     
            dangerous and harmful, though maybe not irrelevant.  26p.   
     28     Mochida, Nobuki & Lotz, Jorgen J.  Fiscal federalism in     
            practice, the Nordic countries and Japan.  39p.             
     35     Nishimura, Kiyohiko G. & Punzo, Lionello F.  The            
            distribution structure in three continents: an evolutionary 
            analysis of Italy, Japan and the United States.  20p.       
     38     Srivastava, M.S. & Kubokawa, T.  Improved nonnegative       
            estimation of multivariate components of variance.  20p.    
     41     Tabuchi, Takatoshi & Yoshida, Atsushi.  Urban agglomeration 
            economies in consumption and production.  17p.              
     37     Takemura, Akimichi.  Calculating minimum k-unsafe and maximum 
            k-safe sets of variables for disclosure risk assessment of  
     40     Takemura, Akimichi.  Local recoding by maximum weight       
            matching for disclosure control of microdata sets.  14p.    
     39     Treisman, Daniel & Gimpelson, Vladimir.  Political business 
            cycles and Russian elections, or the manipulations of       
            "Chudar".  31p.                                             

     UNIVERSITA DEGLI STUDI DI VENEZIA.  Dipartimento di Scienze Econ.  

     9805   Medio, Alfredo.  The problem of backward dynamics in        
            economics.  18p.                                            

     UNIVERSITY OF VIRGINIA.  Center for Studies in Political Economy.  

     316    Beck, Thorsten, Levine, Ross & Loayza, Norman.  Finance and 
            the sources of growth.  45p.                                
     315    Boyd, John H., Levine, Ross & Smith, Bruce D.  The impact of
            inflation on financial sector performance.  46p.            
     314    Brien, Michael J., Lillard, Lee A. & Stern, Steven.         
            Cohabitation, marriage, and divorce in a model of match     
            quality.  82p.                                              

     UNIVERSITY OF WESTERN ONTARIO.  Department of Economics.           

     9822   Chade, Hector & Ventura, Gustavo.  Taxes and marriage: a    
            two-sided search analysis.  26p.                            
     9903   Li, Huirong & Yang, Jian.  Stochastic threshold models on   
            interest rate.  46p.                                        
     9901   Restuccia, Diego & Urrutia, Carlos.  Public policy, price   
            distortions, and investment rates.  44p.                    
     9902   Seitz, Shannon N.  Labor supply, divorce and remarriage.    
            31p.                                                        

     ZAGREB INSTITUTE OF PUBLIC FINANCE.  Occasional Papers.            

     6      Bubas, Zoran.  The present state of the Croatian public     
            debt.  16p.                                                 

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