New Acquisitions - September - October, 1995



     UNIVERSITY OF ADELAIDE.  Centre for Int'l. Economic Studies.       

     9504   Richardson, J. David & Smith, Pamela J.  Sectoral growth    
            across U.S. states: factor content, linkages, and trade.    
            49p.                                                        
     9507   Riezman, Raymond C., Summers, Peter M. & Whiteman, Charles  
            H.  The engines of growth in the APEC economies, 1950-1990. 
            21p.                                                        
     9506   Yang, Xiaokai & Ng, Siang.  Specialization and division of  
            labor: a survey.  73p.                                      

     AUSTRALIAN NATIONAL UNIVERSITY.  Faculty of Economics.             

     285    Aps, P.F. & Rees, R.  Household production, the costs of    
            children and equivalence scales.  30p.                      
     287    Dowrick, Steve & Quiggin, John.  True measure of GDP and    
            convergence: a non-parametric analysis of multilateral      
            bounds.  32p.                                               
     290    Falvey, Rod.  Trade liberalization and factor price         
            convergence.  22p.                                          
     291    Jones, Chris & Menezes, Flavio.  Auctions and corruption:   
            how to compensate the auctioneer.  20p.                     
     288    Kline, Jeff & Menezes, Flavio.  EPA emission permits        
            auctions.  16p.                                             
     286    Lau, Sau-Him Paul.  On the validity and identification of   
            long run restrictions for a cointegrated system.  12p.      
     289    Menezes, Flavio & Silva, Emilson C.D.  Sustainable clubs    
            under variable participation.  11p.                         
     284    Pagan, A.R., Hall, A.D. & Martin, V.  Modeling the term     
            structure.  29p.                                            
     283    Pagan, A.R. & Robertson, J.C.  Structural models of the     
            liquidity effect.  26p.                                     

     UNIVERSITAT BONN.  Sonderforschungsbereich 303.                    

     A-381  Constantinides, George M. & Duffie, Darrel.  Asset pricing  
            with heterogeneous consumers.  25p.                         

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

     59     Ma, Ching-to Albert & McGuire, Thomas G.  Optimal health    
            insurance and provider payment.  35p.                       
     60     Rosenthal, Robert W. & Wang, Ruqu.  Simultaneous auctions   
            with synergies and common values.  22p.                     

     STATE UNIVERSITY OF NEW YORK AT BUFFALO.  Department of Economics. 

     9501   Brown, Murray & Chiang, Shin Hwan.  Endogenous industry     
            structure and noncooperative coalition analysis.  15p.      
     9502   Brown, Murray & Chiang, Shin Hwan.  Managerial incentives   
            with endogenous market structure.  16p.                     

     CALIFORNIA INSTITUTE OF TECHNOLOGY.  Div. of the Human. & Soc. Sci.

     933    Alvarez, R. Michael.  Hamilton's political economy and the  
            national bank.  24p.                                        
     934    Alvarez, R. Michael.  The new republic and the new          
            institutionalism: Hamilton's plan and extra legislative     
            organization.  25p.                                         
     935    Alvarez, R. Michael & Brehm, John.  Are Americans ambivalent
            towards racial policies?.  27p.                             
     928    Alvarez, R. Michael & Saving, Jason.  Deficits, democrats,  
            and distributive benefits: congressional elections and the  
            pork barrel in the 1980s.  20p.                             
     932    Alvarez, R. Michael, Canon, David T. & Sellers, Patrick.    
            The impact of primaries on general election outcomes in the 
            U.S. House and Senate.  20p.                                
     929    Kousser, J. Morgan.  Estimating the partisan consequences of
            redistricting plans - simply.  36p.                         
     888    Ordeshook, Peter C. & Shvetsova, Olga.  If Hamilton and     
            Madison were merely lucky, what hope is there for Russian   
            federalism?.  24p.                                          
     927    Page, Scott E.  Two measures of difficulty.  33p.           
     926    Page, Scott E., Kollman, Ken & Miller, John H.  A comparison
            of political institutions in a Tiebout model.  27p.         

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

     49     Eichengreen, Barry & Hsieh, Chang-Tai.  Sterling in decline 
            again: the 1931 and 1992 crises compared.  38p.             
     52     Frankel, Jeffrey A. & Rose, Andrew K.  A panel project on   
            purchasing power parity: mean reversion within and between  
            countries.  21p.                                            
     51     Frankel, Jeffrey A. & Rose, Andrew K.  A survey of empirical
            research on nominal exchange rates.  61p.                   
     53     Frankel, Jeffrey A. & Wei, Shang-Jin.  European integration 
            and the regionalization of world trade and currencies: the  
            economics and the politics.  55p.                           
     50     Frankel, Jeffrey A., Romer, David & Cyrus, Teresa.  Trade   
            and growth in East Asian countries: cause and effect?.  26p.

     UNIVERSITY OF CALIFORNIA-SANTA BARBARA.  Department of Economics.  

     14/95  Garratt, Rod & Qin, Cheng-Zhong.  On a market for coalitions
            with indivisible agents and lotteries.  23p.                
     11/95  Garratt, Rod & Marshall, John M.  Supplemental health       
            insurance.  18p.                                            
     15/95  Hahm, Joon-Ho.  Consumption adjustment to real interest     
            rates: intertemporal substitution revisited.  36p.          
     9/95   Kolstad, Charles D. & Guzman, Rolando M.  Information and   
            the divergence between willingness to accept and willingness
            to pay.  28p.                                               
     12/95  Miller, Richard D.  Estimating compensating differentials   
            for employer provided health insurance benefits.  21p.      
     13/95  Ogun, Oluremi.  Exchange rate instability and non-oil export
            performance in a developing economy.  39p.                  

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

     9504   Amable, Bruno.  Endogenous growth and cycles through radical
            and incremental innovation.  24p.                           
     9505   Coestier, Benedicte.  Asymetrie d'information, reputation et
            signes de qualities.  36p.                                  
     9425   Demers, Fanny S. & Demers, Michel.  Prudence, demand        
            uncertainty, background risk and the law of supply: a non   
            expected utility approach to the firm.  39p.                
     9501   de Vilder, Robin G.  Complicated endogenous business cycles 
            under gross substitutability.  29p.                         
     9506   Hofbauer, Josef & Weibull, Jorgen W.  Evolutionary selection
            against dominated strategies.  17p.                         
     9503   Hommes, Cars & de Vilder, Robin.  Investment constrained    
            endogenous business cycles in a two-dimensional OLG model.  
            23p.                                                        
     9502   Laffargue, Jean-Pierre.  Charges sociales, qualifications et
            emploi, etude a l'aide d'un modele d'equilibre general      
            calculable....  53p.                                        

     COWLES FOUNDATION FOR RESEARCH IN ECONOMICS AT YALE UNIVERSITY.    

     1107   Grant, Simon, King, Stephen & Polak, Ben.  Information and  
            externalities, share-price based incentives and managerial  
            behavior.  26p.                                             
     1105   Linton, Oliver B. & Steigerwald, Douglas G.  Adaptive       
            testing in ARCH models.  43p.                               
     1106   Linton, Oliver & Gozalo, Pedro.  Nonparametric test of      
            conditional independence.  25p.                             
     1103   Phillips, Peter C.B.  Automated forecasts of Asia-Pacific   
            economic activity.  14p.                                    
     1102   Phillips, Peter C.B.  Impulse response and forecast error   
            variance asymptotics in nonstationary VARs.  38p.           
     1104   Phillips, Peter C.B.  Unit root tests.  24p.                

     (ENGLAND) CENTRE FOR ECONOMIC POLICY RESEARCH.                     

     1191   Artis, Michael & Zhang, Wenda.  International business      
            cycles and the ERM: is there a European business cycle?.    
            32p.                                                        
     1197   Boot, Arnoud W.A & Thakor, Anjan V.  Financial system       
            architecture.  42p.                                         
     1216   Branco, Fernando.  Multi-object auctions: on the use of     
            combinational bids.  19p.                                   
     1195   Branson, William H. & Braga de Macedo, Jorge.  Macroeconomic
            policy in central Europe.  56p.                             
     1222   Buiter, Willem H.  Macroeconomic policy during a transition 
            to monetary union.  56p.                                    
     1229   Burda, Michael C.  Migration and the option value of        
            waiting.  24p.                                              
     1221   Burnside, Craig, Eichenbaum, Martin & Rebelo, Sergio.       
            Capital utilization and returns to scale.  51p.             
     1232   Burda, Michael C.  Unions and wage insurance.  35p.         
     1209   Crafts, Nicholas F.R.  The golden age of economic growth:   
            why did Northern Ireland miss out?.  23p.                   
     1198   Faini, Riccardo & de Melo, Jaime.  Trade liberalization,    
            employment and migration: some simulations for Morocco.     
            28p.                                                        
     1228   Francois, Joseph F. & Reinert, Kenneth A.  The role of      
            services in the structure of production and trade: stylized 
            facts from a cross-country analysis.  37p.                  
     1157   Galor, Oded & Weil, David N.  The gender gap, fertility and 
            growth.  31p.                                               
     1226   Hoekman, Bernard.  The WTO, the EU and the Arab world: trade
            policy priorities and pitfalls.  43p.                       
     1230   Krugman, Paul & Venables, Anthony J.  The seamless world: a 
            spatial model of international specialization.  30p.        
     1227   Leonard, Jonathan & Van Audenrode, Marc.  The duration of   
            unemployment and the persistence of wages.  29p.            
     1231   Rankin, Neil.  Nominal rigidity and monetary uncertainty in 
            a small open economy.  33p.                                 
     1220   Rebelo, Sergio & Vegh, Carlos A.  Real effects of exchange  
            rate-based stabilization: an analysis of competing theories.
             59p.                                                       
     1223   Saint-Paul, Gilles.  Reforming Europe's labour market:      
            political issues.  14p.                                     

     ERASMUS UNIVERSITY.  Institute for Economic Research.              

     9501   Klomp, Luuk & Thurik, Roy.  The post-entry performances of  
            firms: evidence from the Dutch services.  36p.              

     EUROPEAN UNIVERSITY INSTITUTE.  Department of Economics.           

     9446   Avesani, Renzo G., Gallo, Giampiero M. & Salmon, Mark.  On  
            the evolution of credibility and flexible exchange rate     
            target zones.  40p.                                         
     9443   Normann, Hans-Theo.  Stackelberg warfare as an equilibrium  
            choice in a game with reputation effects.  31p.             
     9440   Waldmann, Robert.  Inequality, economic growth and the debt 
            crisis.  33p.                                               

     FEDERAL RESERVE BANK OF DALLAS.  Research Department.              

     9505   Gould, David M. & Woodbridge, Graeme L.  Building trade     
            barriers and knocking them down: the political economy of   
            unilateral trade liberalizations.  31p.                     
     9506   Grosskopf, Shawna, et al.  On competition and school        
            efficiency.  32p.                                           

     FEDERAL RESERVE BANK OF DALLAS.  Financial Industry Studies.       

     2/95   Gunther, Jeffery W.  The erosion of intrastate branch       
            banking restrictions: an ordinal level probit model with    
            irreversibility.  22p.                                      

     FEDERAL RESERVE BANK OF KANSAS CITY.  Research Division.           

     9501   Clark, Todd E.  Small sample properties of estimators of    
            non-linear models of covariance structure.  46p.            

     FEDERAL RESERVE BANK OF MINNEAPOLIS.  Research Department.         

     196    Aiyagari, S. Rao.  Comments on Farmer and Guo's "The        
            econometrics of indeterminacy: an applied study".  14p.     
     197    Aiyagari, S. Rao & Peled, Dan.  Social insurance and        
            taxation under sequential majority voting and utilitarian   
            regimes.  29p.                                              
     195    Echevarria, Cristina & Merlo, Antonio.  Gender differences  
            in education in a dynamic household bargaining model.  35p. 

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

     103    Ingram, Beth F., Kocherlakota, Narayana R. & Savin, N.E.    
            Measuring the cyclical behavior of home production: a       
            macroeconomic analysis.  22p.                               
     102    Kocherlakota, Narayana R.  The equity premium: it's still a 
            puzzle.  52p.                                               

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

     5      Malz, Allan M.  Using option prices to estimate realignment 
            probabilities in the European Monetary System.  47p.        
     4      Osler, C.L. & Chang, P.H. Kevin.  Head and shoulders: not   
            just a flaky pattern.  65p.                                 

     FEDERAL RESERVE BANK OF PHILDELPHIA.  Economic Research Division.  

     9515   Carlino, Gerald & DeFina, Robert.  The differential effects 
            of monetary policy shocks on regional economic activity.    
            34p.                                                        
     9514   Trejos, Alberto & Wright, Randall.  Toward a theory of      
            international currency: a step further.  44p.               

     FEDERAL RESERVE BOARD.  Finance & Economics Discussion Series.     

     9540   Bomfin, Antulio N.  The equilibrium federal funds rate and  
            the indicator properties of term structure spreads.  28p.   
     9538   David, Alexander.  Controlling information premia by        
            repacking asset backed securities.  37p.                    
     9537   Kennedy, James E.  An analysis of time-series estimates of  
            capacity utilization.  46p.                                 
     9535   Kortum, Samuel S. & Eaton, Jonathan.  Engines of growth:    
            domestic and foreign sources of innovation.  39p.           
     9536   Kupiec, Paul H. & O'Brien, James M.  A pre-commitment       
            approach to capital requirements for market risk.  24p.     
     9539   Williams, John C. & Jones, Charles I.  Too much of a good   
            thing?: the economics of investment in R & D.  44p.         

     FEDERAL RESERVE BOARD.  International Finance Papers.              

     520    Ammer, John & Brunner, Allan D.  When is monetary policy    
            effective?.  29p.                                           
     522    Brunner, Allan D. & Simon, David P.  Excess returns and risk
            at the long end of the Treasury market: an EGARCH-M         
            approach.  20p.                                             
     521    Copelman, Martina & Werner, Alejandro M.  The monetary      
            transmission mechanism in Mexico.  31p.                     
     518    Edison, Hali J. & Melick, William R.  Alternative approaches
            to real exchange rates and real interest rates: three up and
            three down.  32p.                                           
     517    Ghosal, Vivek & Loungani, Prakash.  Product market          
            competition and the impact of price uncertainty on          
            investment: some evidence from U.S. manufacturing.  17p.    
     519    Loungani, Prakash & Sheets, Nathan.  Central bank           
            independence, inflation and growth in transition economies. 
            33p.                                                        

     HARVARD UNIVERSITY.  Institute of Economic Research.               

     1726   Davis, Donald R., et al.  Interregional and international   
            trade: Woody Allen was right!.  49p.                        
     1729   Mandler, Michael.  Interpersonal comparisons of utility and 
            the policy paralysis problem.  44p.                         
     1727   Morduch, Jonathan.  Income smoothing and consumption        
            smoothing.  20p.                                            
     1728   Morduch, Jonathan & Stern, Hal S.  Using mixtures models to 
            detect sex bias in health outcomes in Bangladesh.  24p.     

     HEBREW UNIV. Center for Rationality & Interactive Decision Theory. 

     76     Aumann, Robert J.  Rationality and bounded rationality.     
            12p.                                                        
     78     Aumann, Robert J.  Reply to Margalit and Yaari.  2p.        
     77     Bergman, Yaacov Z., Grundy, Bruce D. & Wiener, Zvi.  Theory 
            of rational option pricing, II.  82p.                       
     75     Krishna, Vijay & Rosenthal, Robert W.  Simultaneous auctions
            with synergies.  36p.                                       
     80     Neyman, Abraham.  Correlated equilibrium and potential      
            games.  6p.                                                 
     69     Neyman, Abraham.  Finitely repeated games with finite       
            automata.  53p.                                             
     79     Risse, Mathias.  A syntactic model of foregetting a         
            partially solved problem.  82p.                             

     HONG KONG UNIVERSITY OF SCIENCE & TECHNOLOGY.  Dept. of Economics. 

     9516   Chan, Louis M.  Why do people have different beliefs?  28p.
     9513   Ehrlich, Isaac & Lui, Francis T.  The problem of population 
            and growth: a review literature from Malthus to contempory  
            models of endogenous populatio.  34p.                       
     9517   Qiu, Larry D.  R & D incentives in a differentiated duopoly 
            with spillovers.  25p.                                      
     9518   Tao, Zhigang & Wu, Changqi.  On the organization of         
            cooperative R & D: theory and evidence.  30p.               
     9515   Tao, Zhingang & Wang, Susheng.  Preferences for short-term  
            contracts with the incentive to learn.  37p.                
     9514   Wang, Susheng.  Pensions in wealth accumulation.  36p.      

     INSTITUT NATIONAL DE LA STATISTIQUE ET DES ETUDES ECONOMIQUES.     

     9533   Burridge, P. & Guerre, E.  The limit distribution of level  
            crossings of a random walk, and a simple unit root test.    
            31p.                                                        
     9537   Comanor, W.S. & Rey, P.  Vertical restraints and the market 
            power of large distributors.  35p.                          
     9536   Comte, F. & Hardouin, C.  Regression on log-regularized     
            periodogram for fractional models at low frequencies.  19p. 
     9535   Comte, F. & Hardouin, C.  Regression on log-regularized     
            periodogram under assumption on bounded spectral densities: 
            the non fractional and th.  14p.                            
     9531   Duguet, E.  An empirical analysis of technical cooperation  
            at the firm level in the 80s.  28p.                         
     9534   Pham, H.  Optimal stopping, free boundary and American      
            option in a jump diffusion model.  19p.                     

     UNIVERSITY OF IOWA.  Department of Economics.                      

     9505   Kocherlakota, Narayana.  The equity premium: it's still a   
            puzzle.  66p.                                               
     9412   Kocherlakota, Narayana & Yi, Kei-Mu.  A simple time series  
            test of endogenous vs. exogenous growth models: an          
            application to the U.S.  23p.                               

     JOHNS HOPKINS UNIVERSITY.  Department of Political Economy.        

     347    Carrington, William J., McCue, Kristin & Pierce, Brooks.    
            Using establishment size to measure the impact of Title VII 
            and affirmative action.  41p.                               
     348    Karni, Edi.  Probabilities and beliefs.  18p.               
     346    Karni, Edi & Schmeidler, David.  Knowledge and justice.  9p.

     UNIVERSITY OF KANSAS.  Department of Economics.                    

     95-6   Hess, Gregory D. & Iwata, Shigeru.  Measuring business cycle
            features.  46p.                                             
     95-5   Hess, Gregory D. & Shin, Kwanho.  Some intranational        
            evidence on output-inflation tradeoffs.  30p.               

     LA TROBE UNIVERSITY.  Department of Economics.                     

     9516   Choe, Chongwoo.  Incentive to work vs. disincentives to     
            invest: the case of China's rural reform, 1979-1984.  21p.  
     9515   Choe, Chongwoo.  Information acquisition and optimal        
            partnership arrangements.  29p.                             
     9507   Clarke, Harry.  Australian and Canadian labour-cum-capital  
            migrations: push factors, causality and the role of U.S.    
            labor intakes.  37p.                                        
     9505   Clarke, Harry.  International populations: some welfare     
            implications of birth, death and migration.  32p.           
     9509   Clarke, Harry.  Optimal air service agreements: a           
            theoretical model.  26p.                                    
     9512   Clarke, Harry.  Soil conservation with differential soil    
            quality: demand growth and the evolution of intensive and   
            extensive margin.  14p.                                     
     9508   Clarke, Harry.  U.K. labour emigrations and capital exports,
            1816-1991.  25p.                                            
     9511   Clarke, Harry & Martin, Vance L.  Does capital chase labour 
            internationally?.  31p.                                     
     9510   Clarke, Harry & Smith, Lee.  Labour immigration and capital 
            flows: long-term Australian, Canadian and United States     
            experience.  48p.                                           
     9506   Clarke, Harry & Ng, Yew-Kwang.  When do increased property  
            values compensate pre-existing people for cost increases    
            induced by new-comers?.  12p.                               
     9514   Maddock, Rodney.  Telecommunications and economic           
            development.  23p.                                          

     LONDON SCHOOL OF ECONOMICS.  Financial Markets Group.              

     209    Roy, Amlan.  Multicountry comparisons of the consumption    
            based capital asset pricing model: Germany, Japan and USA.  
            37p.                                                        
     210    Evans, Martin D.D.  Peso problems: their theoretical and    
            empirical implications.  73p.                               
     211    Rossi, Marco.  Pricing intra-day credit in real time gross  
            settlement systems.  20p.                                   

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

     3/95   Blake, David.  Efficiency, risk aversion & portfolio        
            insurance: an analysis of financial asset portfolios held by
            investors in the.  36p.                                     
     4/95   Blake, David & Freris, Andrew F.  The short-run performance 
            of initial public offers: new results using a dynamic beta  
            model.  32p.                                                
     5/95   Knight, John L., Satchell, Stephen E. & Tran, Kien C.       
            Statistical modelling of asymmetric risk in asset returns.  
            25p.                                                        

     UNIVERSITY COLLEGE LONDON.  Department of Economics.               

     9501   Pezzey, John.  Sustainable development, intergenerational   
            equity and environmental policy.  65p.                      

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

     9524   Chatterji, Shurojit & Chattopadhyay, Subir.  Decentralized  
            adaptive learning: global stability inspite of "local       
            instability" in a general equilibrium example.  9p.         
     9527   Chichilnisky, Graciela.  A unified perspective on resource  
            allocation: limited arbitrage is necessary & sufficient for 
            the existence of comp.  41p.                                
     9530   Fernandez, Carmen, Osiewalski, Jacek & Steel, Mark F.J.     
            Inference robustness in multivariate models with a scale    
            parameter.  42p.                                            
     9517   Gabszewicz, Jean J. & Van Ypersele, Tanguy.  The voting     
            mechanism and market allocation: a note.  5p.               
     9531   Gervaz, Carolina.  Common trends and common cycles in       
            Belgian sectoral GDP.  23p.                                 
     9528   Heifetz, Aviad.  How canonical is the canonical model?: a   
            comment on Aumann's interactive epistemology.  12p.         
     9525   Koutsougeras, Leonidas C.  A two stage core with            
            applications to asset markets and differential information  
            economies.  22p.                                            
     9519   Lambson, Val E.  Optimal penal codes in stochastic Bertrand 
            games and collusion over the business cycles.  20p.         
     9526   Maret, Isabelle.  Joint distribution of demand functions and
            price expectation functions, and structural properties of   
            market demand.  37p.                                        
     9522   Marini, Marco & Zevi, Alberto.  The reform of the Western   
            European cooperative legislation: a first assessment from a 
            bargaining point of view.  35p.                             
     9520   Mertens, Jean-Francois & Zamir, Shmuel.  Incomplete         
            information games and the normal distribution.  42p.        
     9523   Poddar, Sougata.  Product differentiation, entry and        
            undercut-proof equilibrium.  16p.                           
     9518   Ray, Indrajit.  Efficiency in correlated equilibrium.  43p. 
     9532   Sneesens, Henri R.  Lessons for employment and growth in    
            Western Europe.  26p.                                       
     9521   Shitovitz, Benyamin.  A comparison between the core and the 
            monopoly solutions in a mixed exchange economy.  9p.        

     MASSACHUSETTS INSTITUTE OF TECHNOLOGY.  Department of Economics.   

     9512   Acemoglu, Daron & Zilibotti, Fabrizio.  Was Prometheus      
            unbound by chance?: risk, diversification and growth.  43p. 
     9516   Angrist, Joshua D.  Short-run demand for Palestian labor.   
            29p.                                                        
     9515   Krueger, Alan B. & Pischke, Jorn-Steffan.  A statistical    
            analysis of crime against foreigners in unified Germany.    
            41p.                                                        
     9513   Newey, Whitney K.  Convergence rates and asymptotic         
            normality for series estimators.  30p.                      
     9514   Smith, Lones.  Cross-sectional dynamics in a two-sided      
            matching model.  37p.                                       

     UNIVERSITY OF MELBOURNE.  Department of Economics.                 

     468    Bakker, Alexander.  Alternative strategies to maximum       
            likelihood estimation of the generalized exponential family.
             29p.                                                       
     474    Cornwell, A. & Creedy, J.  Commodity taxes, progressivity   
            and redistribution with demand responses.  27p.             
     476    Eichberger, Jurgen & Kelsey, David.  Uncertainty aversion   
            and preferences for randomisation.  16p.                    
     467    Henderson, David.  The revival of economic liberalism:      
            Australia in an international perspective.  27p.            
     470    Henry, O.T.J.  GARCH models of term structure term premia: a
            cautionary note.  13p.                                      
     472    Hurn, A. Stan & Lindsay, K.A.  Estimating the parameters of 
            stochastic differential equations by Monte Carlo methods.   
            7p.                                                         
     471    Hurn, A. Stan & McDonald, A. David.  The empirical size and 
            power of some tests for detecting ARCH in the presence of   
            serial correlation.  15p.                                   
     473    Hurn, A. Stan & McDonald, A. David.  Isolating cyclical     
            patterns in irregular time series data.  10p.               
     475    Olekalns, Nilss & Bardsley, Peter.  Wool price variability  
            in the long run.  11p.                                      
     469    Sherstyuk, Katerina.  How to gerrymander: a formal analysis.
             28p.                                                       

     UNIVERSITY OF MINNESOTA.  Center for Economic Research.            

     281    Kwok, Siu Kit Claudian.  An aggregate model of firm specific
            capital with and without commitment.  30p.                  
     282    TeSelle, Garratt H.  Stock price volatility tests of narrow 
            & broad dividends: a closer examination of the results of   
            Ackert & Smith.  22p.                                       

     UNIVERSITY OF MINNESOTA.  Economic Development Center.             

     95-5   Aziz, Fahima.  Nutrition, health and labor productivity     
            analysis of male and female workers: a test of the          
            efficiency wage hypothe.  66p.                              
     95-6   Elbasha, Elamin H. & Roe, Terry L.  Environment in three    
            classes of endogenous growth models.  35p.                  
     95-8   Munisamy, Gopinath & Roe, Terry L.  General equilibrium     
            analysis of supply and factor returns in U.S. agriculture,  
            1949-91.  29p.                                              
     95-7   Munisamy, Gopinath & Roe, Terry L.  Sources of sectoral     
            growth in an economy wide context: the case of U.S.         
            agriculture.  29p.                                          

     MONASH UNIVERSITY.  Department of Economics.                       

     12/95  Fried, Harold O. & Yaisawarng, Suthathip.  Hospital mergers 
            and efficiency.  28p.                                       
     10/95  Garvey, Gerald T., McCorry, Michael S. & Swan, Peter L.     
            Stock market liquidity and optimal management compensation: 
            theory and evidence.  22p.                                  
     7/95   Hall, Viv.  Economic growth performance and New Zealand's   
            economic reforms.  48p.                                     
     6/95   Naqvi, Farzana.  Social welfare effects of taxes on energy  
            products in Pakistan: a computable general equilibrium      
            approach.  31p.                                             
     9/95   Ng, Siang.  Specialization, trade, and growth.  46p.        
     11/95  Ng, Yew-Kwang.  From separability to unweighted sum: a case 
            for utilitarianism.  30p.                                   
     8/95   Yang, Xiaokai.  Economies of specialization and downward    
            sloping supply curves: an inframarginal analysis.  29p.     

     UNIVERSITAT MUNCHEN.  Volkswirtschaftliche Fakultat.               

     9501   Bauer, Thomas & Zimmermann, Klaus F.  Modelling             
            international migration: economic and econometric issues.   
            27p.                                                        
     9506   Berger, Helge & Woitek, Ulrich.  Are there political        
            business cycles in Germany?.  54p.                          
     9504   Haisken-DeNew, John P. & Schmidt, Christoph M.              
            Inter-industry and inter-region differentials: mechanics and
            interpretation.  14p.                                       
     9508   Heintel, Markus.  A simple method for identifying the       
            truncation point of height samples with shortfall.  11p.    
     9503   Spree, Reinhard.  On infant mortality change in Germany     
            since the early 19th century.  45p.                          

     NATIONAL BUREAU OF ECONOMIC RESEARCH.  Working Papers.             

     5214   Alesina, Alberto & Perotti, Roberto.  Fiscal expansion and  
            fiscal adjustments in OECD countries.  38p.                 
     5201   Anderson, Patricia M. & Meyer, Bruce D.  The incidence of a 
            firm-varying payroll tax: the case of unemployment          
            insurance.  33p.                                            
     5192   Angrist, Joshua D.  Using social security data on military  
            applicants to estimate the effect of voluntary military     
            service on earnings.  50p.                                  
     5189   Auerbach, Alan J., Hassett, Kevin & Soderstern, Jan.        
            Taxation and corporate investment: the impact of the 1991   
            Swedish tax reform.  36p.                                   
     5213   Barsky, Robert B., et al.  Preference parameters and        
            behavioral heterogeneity: an experimental approach in the   
            health and retirement survey.  67p.                         
     5206   Bohn, James & Hall, Brian J.  Property and casualty solvency
            funds as a tax and social insurance system.  48p.           
     5209   Bruno, Michael & Easterly, William.  Inflation crises and   
            long-run growth.  47p.                                      
     5198   Caballero, Ricardo J. & Hammour, Mohamad L.  On the ills of 
            adjustment.  34p.                                           
     5222   Carliner, Geoffrey.  The language ability of U.S.           
            immigrants: assimilation and cohort effects.  33p.          
     5194   Carroll, Christopher D. & Samwick, Andrew A.  How important 
            is precautionary saving?.  55p.                             
     5193   Carroll, Christopher D. & Samwick, Andrew A.  The nature of 
            precautionary wealth.  57p.                                 
     5182   Case, Karl E. & Mayer, Christopher J.  Housing price        
            dynamics within a metropolitan area.  30p.                  
     5184   Deng, Yongheng, Quigley, John M. & Van Order, Robert.       
            Mortgage default and low downpayment loans: the costs of    
            public subsidy.  32p.                                       
     5216   Dow, William H., et al.  Disease complementarities and the  
            evaluation of public health interventions.  38p.            
     5207   Eaton, Jonathan & Kortum, Samuel.  Engines of growth:       
            domestic and foreign sources of innovation.  39p.           
     5210   Economides, Nicholas, Hubbard, R. Glenn & Palia, Darius.    
            The political economy of branching restrictions and deposit 
            insurance: a model of monopolistic competition among sm.    
            39p.                                                        
     5183   Engelhardt, Gary V.  House prices and home owner saving     
            behavior.  36p.                                             
     5186   Feenberg, Daniel & Miron, Jeffrey A.  Improving the         
            accessibility of the NBER's historical data.  16p.          
     5212   Friedman, Benjamin.  Does monetary policy affect real       
            economic activity?: why do we still ask this question?.     
            38p.                                                        
     5187   Goldberg, Linda & Tenorio, Rafael.  Strategic trading in a  
            two-sided foreign exchange auction.  35p.                   
     5226   Goldberg, Pinelopi K. & Knetter, Michael M.  Measuring the  
            intensity of competition in export markets.  37p.           
     5188   Goldin, Claudia.  Career and family: college women look to  
            the past.  51p.                                             
     5202   Goldin, Claudia & Katz, Lawrence F.  The decline of         
            non-competing groups: changes in the premium to education,  
            1890 to 1940.  55p.                                         
     5229   Gron, Anne & Lucas, Deborah.  External financing and        
            insurance cycles.  45p.                                     
     5200   Grossman, Michael, Chaloupka, Frank J. & Sirtalan, Ismail.  
            An empirical analysis of alcohol addiction: results from    
            monitoring the future panels.  48p.                         
     5228   Gruber, Jonathan & Madrian, Brigitte C.  Non-employment and 
            health insurance coverage.  48p.                            
     5208   Hamermesh, Daniel S.  Who works when?: evidence from the    
            U.S. and Germany.  36p.                                     
     5221   Harrison, Ann.  Openness and growth: a time-series,         
            cross-country analysis for developing economies.  43p.      
     5185   Hatton, Timothy J. & Williamson, Jeffrey G.  The impact of  
            immigration on American labor markets prior to the quotas.  
            59p.                                                        
     5205   Jones, Larry E. & Manuelli, Rodolfo E.  A positive model of 
            growth and pollution controls.  60p.                        
     5220   Krugman, Paul & Venables, Anthony J.  The seamless world: a 
            spatial model of international specialization.  37p.        
     5203   Lewis, Karen K.  What can explain the apparent lack of      
            international consumption risk sharing?.  36p.              
     5190   Lumsdaine, Robin L., Stock, James H. & Wise, David A.  Why  
            are retirement rates so high at age 65?.  42p.              
     5191   Obstfeld, Maurice & Rogoff, Kenneth.  The mirage of fixed   
            exchange rates.  35p.                                       
     5196   Rauch, James E.  Choosing a dictator: bureaucracy and       
            welfare in less developed polities.  32p.                   
     5197   Rebelo, Sergio & Vegh, Carlos A.  Real effects of exchange  
            rate-based stabilization: an analysis of competing theories.
             59p.                                                       
     5219   Rose, Andrew K.  After the deluge: do fixed exchange rates  
            allow intertemporal volatility tradeoffs?.  16p.            
     5195   Ruhm, Christopher J.  Alcohol policies and highway vehicle  
            fatalities.  33p.                                           
     5167   Shleifer, Andrei & Vishny, Robert W.  The limits of         
            arbitrage.  25p.                                            
     5218   Slemrod, Joel.  High-income families and the tax changes of 
            the 1980s: the anatomy of behavioral response.  32p.        
     5217   Stein, Jeremy C.  An adverse selection model of bank asset &
            liability mgmt. with implications for the transmission of   
            monetary polic.  39p.                                       
     5204   Woodford, Michael.  Price level determinacy without control 
            of a monetary aggregate.  40p.                              
     5211   Young, Alwyn.  Growth without scale effects.  41p.          
     5199   Zucker, Lynne G., et al.  Collaboration structure &         
            information dilemmas in biotechnology: organizational       
            boundaries at trust production.  40p.                       

     UNIVERSITY OF NEW SOUTH WALES.  School of Economics.               

     9535   Bostic, Raphael W., Gans, Joshua S. & Stern, Scott.  Urban  
            productivity and factor growth in the late 19th century.    
            28p.                                                        
     9530   Fisher, Lance.  Sources of exchange rate & price level      
            fluctuations in two commodity exporting countries:          
            Australian & New Zealand.  28p.                             
     9536   Gans, Joshua S.  Industrialisation with a menu of           
            technologies: appropriate technologies and the "big push".  
            19p.                                                        
     9533   Hill, Robert J.  A taxonomy of multilateral methods for     
            making international comparisons.  28p.                     
     9531   Insel, Aysu.  The relationship between the inflation rate   
            and money financed deficit in Turkey, 1977-1993.  28p.      
     9534   Meredith, David.  The role of education and health services 
            in the economic development of Australia and Argentina,     
            1880-1940.  42p.                                            
     9532   Yang, Minxian & Bewley, Ronald.  On cointegration tests for 
            VAR models with drift.  8p.                                 
     9509   Economides, Nicholas.  The incentive of a multiproduct      
            monopolist to provide all goods.  5p.                       

     NEW YORK UNIVERSITY.  Stern School of Business.                    

     9508   Economides, Nicholas & Schwartz, Robert A.  Equity trading  
            practices and market structure: assessing asset managers'   
            demand for immediacy.  59p.                                 
     9510   Economides, Nicholas & Wildman, Steven S.  Monopolistic     
            competition with two-part tariffs.  27p.                    
     9507   Stefanadis, Chris.  Can import protection become export     
            promotion?.  36p.                                           

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

     1125   Aragones, Enriqueta.  Negativity effect and the emergence of
            ideologies.  21p.                                           
     1128   Asheim, Geir B.  Individual and collective time-consistency.
             24p.                                                       
     1129   Asheim, Geir B. & Dufwenberg, Martin.  Rational reasoning   
            and rationalizable sets.  30p.                              
     1131   Bagwell, Kyle & Ramey, Garey.  Capacity, entry and forward  
            induction.  47p.                                            
     1130   Bagwell, Kyle & Staiger, Robert W.  Protection and the      
            business cycle.  43p.                                       
     1134   Diermeier, Daniel & Myerson, Roger B.  Lobbying and         
            incentives for legislative organization.  39p.              
     1127   Gilboa, Itzhak & Schmeidler, David.  Case-based knowledge   
            and planning.  39p.                                         
     1133   Myerson, Roger B.  Dual reduction and elementary games.     
            29p.                                                        
     1126   Pazgal, Amit.  Satisficing leads to cooperation in mutual   
            interests games.  20p.                                      
     1132   Saari, Donald G.  Connecting and resolving Sen's and Arrow's
            theorems.  14p.                                             

     OSAKA UNIVERSITY.  Institute of Social and Economic Research.      

     374    Ikeda, Shinsuke.  An intertemporal capital asset pricing    
            model with stochastic differential utility.  19p.           
     380    Ikeda, Shinsuke.  A simple approach to arbitrage asset      
            pricing in incomplete markets.  18p.                        
     376    Iritani, Jun & Kuga, Kiyoshi.  Uniform commmodity taxation  
            and untaxable commodities: equilibrium and efficiency.  25p.
     378    Matsumura, Toshihiro.  An n-firm quantity-setting oligopoly 
            with endogenous sequencing.  18p.                           
     379    Ono, Yoshiyasu.  The marginal efficiency of capital and     
            dynamic optimization.  11p.                                 
     375    Saijo, Tatsuyoshi, Tatamitani, Yoshikatsu & Yamato,         
            Takehiro.  Natural implementation with a simple punishment. 
            27p.                                                        

     UNIVERSITY OF OTTAWA.  Department of Economics.                    

     9506   Foulo, Tabo & Grafton, R. Quentin.  Structural adjustment in
            Lesotho: an evaluation.  21p.                               
     9504   Grafton, R. Quentin & Flanagan, Gregory L.  A primer on     
            externalities and the environment.  30p.                    
     9505   Grafton, R. Quentin, Squires, Dale & Kirkley, James.        
            Turning the tide?: private property rights and the crisis in
            fisheries management.  35p.                                 
     9507   Horstmann, Ignatius J. & LaCasse, Chantale.  Secret reserve 
            prices in a bidding model with a re-sale option.  39p.      

     UNIVERSITY OF PENNSYLVANIA.  Center for Analytic Research in Econ. 

     9514   Cole, Harold L., Mailath, George J. & Postlewaite, Andrew.  
            Incorporating concern for relative wealth into economic     
            models.  18p.                                               
     9515   Lagunoff, Roger & Matsui, Akihiko.  An "anti-folk theorem"  
            for a class of asynchronously repeated games.  25p.         

     PRINCETON UNIVERSITY.  Industrial Relations Section.               

     346    Chay, Kenneth Y.  The impact of federal civil rights policy 
            on black economic progress: evidence from the Equal         
            Employment Opportunit.  47p.                                

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

     1079   Kovenock, Dan & de Vries, Casper.  Fiat exchange in finite  
            economies.  28p.                                            
     1080   Kovenock, Dan & Roy, Suddhasatwa.  Dynamic capcity choice in
            a Bertrand-Edgeworth framework.  33p.                       

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

     9509   Lasserre, Pierre & Quellette, Pierre.  Dynamic factor       
            demands and technology measurement under arbitrary          
            expectations.  31p.                                         

     UNIVERSITY OF SAARLAND.  Department of Economics.                  

     9503   Eichberger, Jurgen.  Bayesian learning in repeated normal   
            form games.  27p.                                           
     9501   Eichberger, Jurgen & Milne, Frank.  Bank runs and capital   
            adequacy.  32p.                                             
     9502   Eichberger, Jurgen & Kelsey, David.  Uncertainty aversion   
            and dynamic consistency.  27p.                              
     9506   Haucap, Justus, Wey, Christian & Barmbold, Jens.  Location
            choice and implicit franchise contracts.  22p.                      
     9507   Heiner, Ronald A. & Schmidtchen, Dieter.  Rational          
            cooperation in one-shot simultaneous prisoner's dilemma     
            situations.  38p.                                           
     9504   Schmidt-Mohr, Udo.  Consumer credit in a model of vertically
            differentiated consumer durables.  33p.                     
     9505   Schmidt-Mohr, Udo.  Rationing versus collateralization in   
            competition and monopolistic credit markets with asymmetric 
            information.  21p.                                          
     9409   Schmidt-Trenz, Hans-Jorg & Scmidtchen, Dieter.  A theory of 
            optimum legal areas: regulation of social interaction       
            through the control of territory.  32p.                     

     SANTA FE INSTITUTE.  Economics Research Program.                   

     9561   Durlauf, Steven N.  Neighborhood feedbacks, endogenous      
            stratification, and income inequality.  45p.                

     SEOUL NATIONAL UNIVERSITY.  Institute of Economic Research.        

     9504   Hong, Keehyun.  The culture of professionalism and the      
            spread of marginalist economics in the United States.  40p. 
     9505   Hong, Keehyun.  The growth and change of economic research  
            in South Korea.  28p.                                       
     9407   Rhee, Changyong & Rhee, Wooheon.  Fundamental stock price   
            and investment.  25p.                                       
     9503   Yang, Donghyu.  Recovery from the Great Depression in the   
            United States, Britain and Germany.  31p.                   

     UNIVERSITY OF STOCKHOLM.  Department of Economics.                 

     95-3   Segendorff, Bjorn.  International agreements, political     
            equilibrium and strategic delegation.  37p.                 

     TEL-AVIV UNIVERSITY.  Foerder Institute of Economic Research.      

     17/95  Fishman, Arthur.  Imperfectly informative equilibria for    
            signalling games.  19p.                                     
     19/95  Fishman, Arthur.  A theory of price inertia.  25p.          
     18/95  Fishman, Arthur.  Search with learning and price adjustment 
            dynamics.  30p.                                             
     20/95  Frankel, David M.  A pecuniary reason for income mixing.    
            26p.                                                        
     16/95  Navon, Ami, Shy, Oz & Thisse, Jacques-Francois.  Product    
            differentiation in the presence of snob and bandwagon       
            effects.  23p.                                              


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