New Acquisitions - September 1996


     BANCO DE ESPANA.  Servicio de Estudios.                            

     9615   Alberola-Ila, Enrique.  Optimal exchange rate targets and   
            macroeconomic stabilization.  53p.                          
     9611   Alonso, Francisco, Martinez-Pages, Jorge & Perez-Jurado,    
            Maria.  Weighted monetary aggregates: an empirical approach.
             34p.                                                       
     9620   Bell, Una-Louise.  Adjustment costs, uncertainty and        
            employment inertia.  46p.                                   
     9617   Dolado, Juan J. & Marmol, Francesc.  Efficient estimation of
            cointegrating relationships among higher order and          
            fractionally integrated processes.  37p.                    
     9605   Manzano-Frias, Maric C. & Galmes-Belmonte, Sofia.  Credit   
            institutions' price policies and type of customer: impact on
            the monetary transmission mechanism.  61p.                  
     9616   Padilla, A. Jorge, Bentolila, Samuel & Dolado, Juan J.     
            Wage bargaining in industries with market power.  54p.      

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

     333    Berga Colom, Dolors.  Strategy-proofness and                
            single-plateaued preferences.  28p.                         
     334    Burguet, R. & Sempere, J.  Environmental protection under   
            bilateral trade and imperfect competition: free trade versus
            strategic tariffs.  21p.                                    
     335    Mainquet, F.  An equal right solution to the compensation   
            responsibility dilemma.  22p.                               
     347    Munda, G.  Operationalising equity issues in environmental  
            management: a fuzzy coalition formation approach.  21p.     
     339    Petith, Howard.  The elasticity of substitution and the     
            limiting behavior of marginal products.  12p.               
     331    van der Stel, Hans.  Strategy proofness, Pareto optimality  
            and strictly convex norms.  46p.                            

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

     965    Aliprantis, C.D., et al.  Portfolio dominance and optimality
            in infinite securities markets.  23p.                       
     964    Aliprantis, C.D., et al.  Yudin cones and inductive limit   
            topologies.  21p.                                           
     969    Alvarez, R. Michael & Franklin, Charles H.  Attitudes,      
            uncertainty and survey responses.  36p.                     
     961    Alvarez, R. Michael & Brehm, John.  Information and American
            attitudes toward bureaucracy.  23p.                         
     959    Alvarez, R. Michael & Nagler, Jonathan.  When politics and  
            models collide: estimating models of multi-party elections. 
            33p.                                                        
     966    Blecherman, Barry & Camerer, Colin F.  Is there a winner's  
            curse in the market for baseball players?: evidence from the
            field.  24p.                                                
     960    Camerer, Colin, et al.  Labor supply of New York City cab   
            drivers: one day at a time.  33p.                           
     963    Filippov, Mikhail & Ordeshook, Peter C.  Fraud or fiction:  
            who stole what in Russia's December 1993 elections?.  48p.  
     968    Hanson, Robin.  Voters can have strong incentives to become 
            informed, or to be strategically ignorant.  25p.            
     962    Ordeshook, Peter C.  Russia's party system: is Russian      
            federalism viable?.  20p.                                   
     967    Polishchuk, Leonid.  Input markets development, property    
            rights, and extra-market redistribution.  28p.              

     UNIVERSITY OF CALIFORNIA-BERKELEY.  Department of Economics.       

     249    Shannon, Chris.  Determinacy of competitive equilibria in   
            economies with many commodities.  53p.                      

     UNIVERSITY OF CALIFORNIA-LOS ANGELES.  Department of Economics.    

     752    Cameron, Trudy A. & Englin, Jeffrey.  Respondent experience 
            and contingent valuation of environmental goods.  26p.      
     751    Cameron, Trudy A., et al.  Using distance and zip code      
            census information for nonresponse correction in the        
            analysis of mail survey data.  27p.                         
     749    Hirshleifer, Jack & Osborne, Evan.  The legal battle.  27p. 
     750    Hu, Wei-Yin.  Elderly immigrants on welfare.  42p.          
     754    Lahiri, Amartya & Puhakka, Mikko.  Habit persistence in     
            overlapping generations economies under pure exchange.  23p.
     755    Ruhl, Christof & Vinogradov, Viatcheslav.  Economic         
            discontent versus social commitment in economic development.
             26p.                                                       
     756    Yelowitz, Aaron S.  Did recent Medicaid reforms cause the   
            caseload explosion in the food stamp program?.  39p.        
     753    Yelowitz, Aaron S.  Using the Medicare buy-in program to    
            estimate the effect on Medicaid on SSI participation.  53p. 
     748    Yelowitz, Aaron S.  Why did the SSI-disabled program grow so
            much?: disentangling the effect on Medicaid.  38p.          

     BANK OF CANADA.  Technical Reports.                                

     76     Murray, John, van Norden, Simon & Vigfusson, Robert.  Excess
            volatility and speculative bubbles in the Canadian dollar:  
            real or imagined?.  43p.                                    

     UNIVERSITY OF CANTERBURY.  Department of Economics.                

     9605   Chib, Siddhartha, Greenberg, Edward & Winkelmann, Rainer.   
            Posterior simulation and model choice in longitudinal       
            generalized linear models.  30p.                            

     (ENGLAND) CENTRE FOR ECONOMIC POLICY RESEARCH.                     

     1440   Anderson, Kym.  Social policy dimensions of economic        
            integration: environmental and labour standards.  37p.      
     1441   Barros, Pedro P. & Mata, Jose.  Competition policy in       
            Portugal.  42p.                                             
     1450   Benabou, Roland.  Inequality and growth.  54p.              
     1437   Bordignon, Massimo, Manasse, Paolo & Tabellini, Guido.      
            Optimal regional redistribution under asymmetric            
            information.  40p.                                          
     1435   Brulhart, Marius & Torstensson, Johan.  Regional            
            integration, scale economies and industry location in the   
            European Union.  29p.                                       
     1439   Cabral, Luis M.B.  R & D alliances as non-cooperative       
            supergames.  23p.                                           
     1408   Dex, Shirley, et al.  Women's employment transitions around 
            childbearing.  48p.                                         
     1430   Diaz, M. Pilar & Snower, Dennis J.  Employment,             
            macroeconomic fluctuations and job security.  29p.          
     1436   Dixit, Avinash, Grossman, Gene M. & Helpman, Elhanan.       
            Common agency and coordination: general theory and          
            application to tax policy.  33p.                            
     1424   Djankov, Simeon & Hoekman, Bernard.  Fuzzy transition and   
            firm efficiency: evidence from Bulgaria, 1991-4.  26p.      
     1452   Francois, Joseph F., Nordstrom, Hakan & Shiells, Clinton R. 
            Transition dynamics and trade policy reform in developing   
            countries.  33p.                                            
     1431   Geroski, Paul A., Machin, J. & Walters, Chris F.  Corporate 
            growth and profitability.  26p.                             
     1433   Geroski, Paul A., Van Reenen, John & Walters, Chris F.  How 
            persistently do firms innovate?.  30p.                      
     1432   Geroski, Paul A., Van Reenen, John & Walters, Chris F.      
            Innovations, patents and cash flow.  35p.                   
     1449   Lane, Philip R. & Perotti, Roberto.  Profitability, fiscal  
            policy, and exchange rate regimes.  35p.                    
     1443   Lutz, Stefan.  Vertical product differentiation, quality    
            standards, and international trade policy.  32p.            
     1434   Machin, Stephen, Ryan, Annette & Van Reenen, John.          
            Technology and changes in skill structure: evidence from an 
            international panel of industries.  42p.                    
     1427   Marimon, Ramon & Zilibotti, Fabrizio.  `Actual' versus      
            `virtual' employment in Europe: is Spain different?.  41p.  
     1425   Shioji, Etsuro.  Regional growth in Japan.  47p.            

     THE MAURICE FALK INSTITUTE FOR ECONOMIC RESEARCH IN ISRAEL.        

     9607   Gronau, Reuben.  Who needs cabs anyway?: optimum diversity  
            in the public transport market.  34p.                       
     9608   Gross, Nachum T.  Herzl's economic conception.  18p.        
     9609   Hellerstein, Judith & Neumark, David.  Wage and productivity
            differences within and between plants: evidence from Israeli
            panel data.  32p.                                           

     FEDERAL RESERVE BANK OF ATLANTA.  Research Department.             

     96-5   Abken, Peter A., Madan, Dilip B. & Ramamurtie, Sailesh.     
            Estimation of risk-neutral and statistical densities by     
            hermite polynomial approximation w/ app. to Eurodollar...   
            60p.                                                        
     96-7   Chahal, Mandeep S., Rebello, Michael J. & Smith, Stephen D. 
            Emerging debt and equity markets: an exploratory            
            investigation of integration using daily data.  43p.        
     96-4   Espinosa, Marco & Yip, Chong K.  An endogenous growth model 
            of money, banking, and financial repression.  31p.          
     96-6   Wall, Larry D., Tallman, Ellis W. & Abken, Peter A.  The    
            impact of a dealer's failure on OTC derivatives market      
            liquidity during volatile periods.  33p.                    

     FEDERAL RESERVE BANK OF CHICAGO.  Research Department.             

     9611   Campbell, Jeffrey R. & Kuttner, Kenneth N.  Macroeconomic   
            effects of employment reallocation.  30p.                   
     96-9   Kouparitsas, Michael A.  North-South business cycles.  49p. 
     9610   Kouparitsas, Michael A.  North-South financial integration  
            and business cycles.  48p.                                  

     FEDERAL RESERVE BANK OF DALLAS.  Research Department.              

     9610   Duffee, Gregory R. & Prowse, Stephen.  What's good for      
            GM..?: using auto industry stock returns to forecast        
            business cycles & test the q-theory.  31p.                  

     FEDERAL RESERVE BANK OF KANSAS CITY.  Research Division.           

     9601   Kozicki, Sharon.  Multivariate detrending under common trend
            restrictions: implication for business cycle research.  25p.

     FEDERAL RESERVE BANK OF MINNEAPOLIS.  Research Department.         

     214    Christiano, Lawrence J. & Harrison, Sharon G.  Chaos,       
            sunspots, and automatic stabilizers.  66p.                  

     FEDERAL RESERVE BANK OF PHILADELPHIA.  Economic Research Division. 

     9615   Voith, Richard.  The suburban housing market: effects of    
            city and suburban employment growth.  37p.                  

     FEDERAL RESERVE BOARD.  Finance & Economics Discussion Series.     

     9626   Antoniewicz, Rochelle L.  A comparison of the household     
            sector from the flow of funds accounts and the Survey of    
            Consumer Finances.  26p.                                    
     9629   Duffee, Gregory R.  Estimating the price of default risk.   
            42p.                                                        
     9627   Elmendorf, Douglas W.  The effect of interest rate changes  
            on household saving and consumption: a survey.  84p.        
     9628   Neumark, David & Wascher, William L.  Minimum wage effects  
            on employment and school enrollment: reply to Evans and     
            Turner.  19p.                                               
     9631   O'Malley, Michael P.  Tax exhaustion, firm investment, and  
            leasing: a test of the q model of investment.  30p.         

     FEDERAL RESERVE BOARD.  International Finance Papers.              

     559    Ericcson, Neil R. & Sharma, Sunil.  Broad money demand and  
            financial liberalization in Greece.  49p.                   
     560    Frankel, Allen B. & Palmer, David E.  The management of     
            financial risks at German nonfinancial firms: the case of   
            Metallgesellschaft.  40p.                                   

     HEBREW UNIV. Center for Rationality & Interactive Decision Theory. 

     111    El-Yaniv, Ran.  Competitive solutions for online financial  
            problems: a survey.  49p.                                   
     110    Wolinsky, Asher.  A theory of the firm with non-binding     
            employment contracts.  52p.                                 

     INSTITUT NATIONAL DE LA STATISTIQUE ET DES ETUDES ECONOMIQUES.     

     9557   Billio, M. & Monfort, A.  Switching state space models:     
            liklihood function, filtering and smoothing.  58p.          
     9627   Delecroix, M., Guegan, D. & Leorat, G.  Determining Lyapunov
            exponents in deterministic dynamical systems.  15p.         
     9556   Guerre, E. & Jouneau, F.  Geometric versus arithmetic random
            walk: the case of trended variables.  19p.                  
     9630   Guihenneuc-Jouhaux, C. & Robert, C.P.  Discretizations of   
            continuous state space Markov chains for MCMC convergence   
            assessment.  22p.                                           
     9629   Ledyard, J.O. & Palfrey, T.R.  Interim efficiency in a      
            public goods problem.  20p.                                 
     9628   Linnemar, L.  Entry deterrence, product quality: price and  
            advertising as signals.  25p.                               
     9555   Robert, C.  A pathological MCMC algorithm and its use as a  
            benchmark for convergence assessment techniques.  10p.      

     UNIVERSITY OF IOWA.  Department of Economics.                      

     9608   Savin, N.E., Loughran, Tim & Horowitz, Joel L.  A spline    
            analysis of the small firm effect: does size really matter?.
             35p.                                                       
     9610   Wu, S.Y.  A discourse on a model of the                     
            entrepreneur-centered economy.  28p.                        

     UNIVERSITY OF LONDON-BIRKBECK COLLEGE.  Department of Economics.   

     10/96  Coakley, Jerry, Kulasi, Farida & Smith, Ron.  Saving,       
            investment and capital mobility in LDCs.  23p.              
     11/96  Diaz, M. Pilar & Snower, Dennis J.  Employment,             
            macroeconomic fluctuations and job security.  29p.          
     8/96   Ha, Jiming & Sibert, Anne.  Strategic capital taxation in   
            large open economies with mobile capital.  38p.             
     9/96   Liu, Lihong & Sibert, Anne.  Government finance with        
            currency substitution.  28p.                                
     12/96  Orszag, J. Michael.  A cobweb model with local              
            externalities.  15p.                                        

     UNIV. OF LONDON-BIRKBECK COLLEGE.  Inst. for Financial Research.   

     17     Cathcart, Lara & Perraudin, William.  Interest rate setting 
            in floating rate mortgage markets.  25p.                    
     15     Daripa, Arupratan.  Multi-unit auctions under proprietary   
            information: informational free rides and revenue banking.  
            24p.                                                        
     18     Kenc, Turalay & Perraudin, William.  Pension systems in     
            Europe: a general equilibrium study.  41p.                  
     16     Lambrecht, Bart, Perraudin, William & Satchell, Stephen.    
            Time to default in the U.K. mortgage market.  22p.          

     UNIVERSITY COLLEGE LONDON.  Department of Economics.               

     9621   Dustmann, Christian.  Temporary migration, human capital and
            language fluency of migrants.  27p.                         
     9619   Dustmann, Christian, Rajah, Najma & van Soest, Arthur.      
            Part-time work, school success and school leaving.  34p.    
     9622   Ponti, Giovanni.  Cycles of learning in the centipede game. 
            24p.                                                        
     9620   Rota, Paula.  Testing (S,s) rules in labour demand: ordered 
            vs. multinational probit.  36p.                             

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

     9529   Hara, Chiaki.  Marginal rates of substitution for           
            uninsurable risks with constrained-efficient asset          
            structures.  39p.                                           

     MACQUARIE UNIVERSITY.  Department of Economics.                    

     5/96   Freedman, Craig.  Countervailing egos: Stigler vs.          
            Galbraith.  38p.                                            
     4/96   Turnell, Sean.  Proto-Keynesian undercurrents in Australia's
            external economic policy of the inter-war years: "Sheltered 
            Markets"...  26p.                                           

     UNIVERSITY OF MELBOURNE.  Department of Economics.                 

     528    Alden, David M., Proops, John L.R. & Gay, Phillip W.        
            Industrial hemp's double dividend: a study for the USA.     
            26p.                                                        
     524    Bakker, Alexander.  The changing distribution of income with
            age: estimates of the exponential family using grouped data.
             28p.                                                       
     525    Dixon, Robert & Gunther, Alan.  Estimates of the cost of    
            monopoly in Australian manufacturing.  35p.                 
     526    Guests, Ross S. & McDonald, Ian M.  The socially optimal    
            level of saving in Australia, 1960-61 to 1994-95.  51p.     
     530    Lyne, J.N., McDonald, I.M. & Sibly, H.  Insiders, non-market
            activity and unemployment.  39p.                            
     527    Stemp, Peter J. & Scarth, William M.  Zero inflation        
            targets: central bank commitment and fiscal policy outcomes.
             15p.                                                       

     MONASH UNIVERSITY.  Department of Econometrics.                    

     3/96   Hao, Kang.  Testing for structural change in cointegrated   
            regression models: some comparisons and generalizations.    
            28p.                                                        
     2/96   Harris, David.  Principal components analysis of            
            cointegrated time series.  42p.                             
     4/96   Harris, Mark N. & Matyas, Laszlo.  A comparative analysis of
            different estimators for dynamic panel data models.  54p.   
     1/96   Saligari, Grant R. & Snyder, Ralph D.  Trends, lead times   
            and forecasting.  41p.                                      

     MONASH UNIVERSITY.  Department of Economics.                       

     8/96   Cheng, Wenli & Yang, Xiaokai.  An infra-marginal analysis of
            the Ricardian model.  31p.                                  
     7/96   Denis, Sandra.  Workplace health and safety: some economic  
            implications.  47p.                                         
     6/96   Dowrick, Steve & Quiggin, John.  True measures of GDP and   
            convergence.  35p.                                          
     9/96   Lio, Monchi.  Increasing returns, specialization, and the   
            theory of the allocation of time.  30p.                     
     10/96  Lio, Monchi.  Uncertainty, insurance and the division of    
            labor.  13p.                                                

     UNIVERSITY OF MUNICH.  Center for Economic Studies.                

     104    Ben-Zion, Uri, Hauser, Shmuel & Lieberman, Offer.  A        
            characterization of the price behavior of international dual
            stocks: an error correction approach.  21p.                 
     108    Blanchflower, David G. & Freeman, Richard B.  Growing into  
            work.  73p.                                                 
     107    Christiansen, Vidar.  Green taxes: a note on the double     
            dividend and the optimum tax rate.  11p.                    
     105    Christofides, Louis N., Stengos, Thanassis & Swidinsky,     
            Robert.  On the calculation of marginal effects in the      
            bivariate probit model.  17p.                               
     106    Koskela, Erkki & Schob, Ronnie.  Alleviating unemployment:  
            the case for green tax reforms.  38p.                       
     102    Sinn, Hans-Werner.  Social insurance, incentives and risk   
            taking.  33p.                                               
     103    Sinn, Hans-Werner.  The subsidiarity principle and market   
            failure in systems competition.  30p.                       

     UNIVERSITAT MUNCHEN.  Volkswirtschaftliche Fakultat.               

     9602   Geil, Peter & Rotte, Ralph.  International interventionism  
            1970-1989: a count data approach.  19p.                     
     9604   Wambach, Achim.  Oligopoly and uncertainty.  7p.            
     9606   Weichenrieder, Alfons J.  Fighting international tax        
            avoidance: the case of Germany.  24p.                       
     9603   Weichenreider, Alfons J.  Transfer pricing, double taxation,
            and the cost of capital.  8p.                               

     NATIONAL BUREAU OF ECONOMIC RESEARCH.  Working Papers.             

     5702   Anderson, Kym.  Social policy dimensions of economic        
            integration: environmental and labour standards.  56p.      
     5648   Aggarwal, Rajesh & Samwick, Andrew A.  Executive            
            compensation, strategic competition, and relative           
            performance evaluation: theory and evidence.  67p.          
     5694   Alesina, Alberto & Spolaore, Enrico.  International         
            conflict, defense spending, and the size of countries.  54p.
     5678   Alvarez, Fernando & Atkeson, Andrew.  Money and exchange    
            rates in the Grossman-Weiss-Rotemberg model.  37p.          
     5698   Barro, Robert J.  Determinants of economic growth: a        
            cross-country empirical study.  116p.                       
     5655   Bayer, Patrick J., Bernheim, B. Douglas & Scholz, John Karl.
             The effects of financial education in the workplace:       
            evidence from a survey of employers.  37p.                  
     5658   Benabou, Roland.  Inequality and growth.  54p.              
     5667   Bernheim, B. Douglas & Garrett, Daniel M.  The determinants 
            and consequences of financial education in the workplace:   
            evidence from a survey of households.  52p.                 
     5666   Bernheim, B. Douglas & Whinston, Michael D.  Exclusive      
            dealing.  45p.                                              
     5664   Blau, Francine D.  Where are we in the economics of gender?:
            the gender pay gap.  33p.                                   
     5652   Bradford, David F. & Logue, Kyle D.  The effects of tax law 
            changes on prices in the property-casualty insurance        
            industry.  78p.                                             
     5685   Bound, John & Holzer, Harry J.  Demand shifts, population   
            adjustments, and labor market outcomes during the 1980s.    
            41p.                                                        
     5676   Canzoneri, Matthew B., Cumby, Robert E. & Diba, Behzad.     
            Relative labor productivity and the real exchange rate in   
            the long run: evidence for a panel of OECD countries.  44p. 
     5687   Card, David.  Deregulation and labor earnings in the airline
            industry.  56p.                                             
     5669   Cawley, John & Philipson, Tomas.  An empirical examination  
            of information barriers to trade in insurance.  53p.        
     5645   Cawley, John, et al.  Measuring the effects of cognitive    
            ability.  46p.                                              
     5703   Christiano, Lawrence J. & Harrison, Sharon G.  Chaos,       
            sunspots, and automatic stabilizers.  64p.                  
     5691   Cooper, Russell & Johri, Alok.  Dynamic complementarities: a
            quantitative analysis.  51p.                                
     5675   Cumby, Robert E.  Forecasting exchange rates & relative     
            prices w/ the hamburger standard: is what you want what you 
            get w/ Mcparity?.  18p.                                     
     5690   Dominitz, Jeff & Manski, Charles F.  Perceptions of economic
            insecurity: evidence from the Survey of Economic            
            Expectations.  37p.                                         
     5656   Dunne, Timothy, Haltiwanger, John & Troske, Kenneth R.      
            Technology and jobs; secular changes and cyclical dynamics. 
            75p.                                                        
     5681   Eichengreen, Barry, Rose, Andrew K. & Wyplosz, Charles.     
            Contagious currency crises.  48p.                           
     5649   Eisenberg, Theodore & Farber, Henry S.  The litigious       
            plaintiff hypothesis: case selection and resolution.  34p.  
     5646   Engel, Charles.  Long-run purchasing power parity may not   
            hold after all.  49p.                                       
     5700   Frankel, Jeffrey A. & Rose, Andrew K.  The endogeneity of   
            the optimum currency area criteria.  33p.                   
     5647   Gangadharan, Jaisri & Rosenbloom, Joshua L.  The effects of 
            child bearing on married women's labor supply & earnings:   
            using twin births as a natural experiment.  28p.            
     5673   Goldberg, Pinelopi K.  The effects of the corporate average 
            fuel efficiency standards.  54p.                            
     5650   Goldfajn, Ilan & Valdes, Rodrigo O.  The aftermath of       
            appreciations.  52p.                                        
     5657   Goldin, Claudia & Katz, Lawrence F.  The origins of         
            technology-skill complementarity.  38p.                     
     5641   Goulder, Lawrence H., Parry, Ian W.H. & Burtraw, Dallas.    
            Revenue raising vs. other approaches to environmental       
            protection: the critical significance of pre-existing tax   
            dis.  44p.                                                  
     5653   Gropp, Reint, Scholz, John Karl & White, Michelle.  Personal
            bankruptcy and credit supply and demand.  46p.              
     5683   Hassett, Kevin A. & Hubbard, R. Glenn.  Tax policy and      
            investment.  63p.                                           
     5630   Haurin, Donald R., Hendershott, Patric H. & Wachter, Susan  
            M.  Borrowing constraints and the tenure choice of young    
            households.  29p.                                           
     5629   Haurin, Donald R., Hendershott, Patric H. & Wachter, Susan  
            M.  Expected home ownership and real wealth accumulation of 
            youth.  28p.                                                
     5643   Hoynes, Hilary W.  Local labor markets and welfare spells:  
            do demand conditions matter?.  51p.                         
     5644   Hoynes, Hilary W.  Work, welfare, and family structure: what
            have we learned?.  58p.                                     
     5686   Hubbard, R. Glenn & Skinner, Jonathan S.  Assessing the     
            effectiveness of saving incentives.  37p.                   
     5665   Irwin, Douglas A.  Changes in U.S. tariffs: prices or       
            policies?.  28p.                                            
     5651   Jovanovic, Boyan & Nyarko, Yaw.  Stepping stone mobility.   
            39p.                                                        
     5679   Katz, Lawrence F.  Wage subsidies for the disadvantaged.    
            45p.                                                        
     5670   Kimura, Fukunari & Baldwin, Robert E.  Application of       
            nationality-adjusted net sales and value added framework:   
            the case of Japan.  37p.                                    
     5674   Kremer, Michael & Morcom, Charles.  Elephants.  44p.        
     5680   Krishna, Kala & Morgan, John.  Implementing results-oriented
            trade policies: the case of the U.S.-Japanese auto parts    
            dispute.  57p.                                              
     5671   Lamont, Owen.  Earnings and expected returns.  47p.         
     5689   Lanjouw, Jean O. & Lerner, John.  Preliminary injunctive    
            relief: theory and evidence from patent litigation.  42p.   
     5661   La Porta, Rafael, et al.  Law and finance.  79p.            
     5672   Lazear, Edward P.  Performance pay and productivity.  34p.  
     5668   Lichtenberg, Frank & van Pottelsberghe de la Potterie,      
            Bruno.  International R & D spillovers: a re-examination.   
            24p.                                                        
     5697   Matsuyama, Kiminori.  Why are there rich and poor           
            countries?: symmetry-breaking in the world economy.  28p.   
     5663   Morton, Fiona Scott.  Entry and predation: British shiping  
            cartels 1879-1929.  44p.                                    
     5662   Mullin, Joseph C. & Mullin, Wallace P.  U.S. Steel's        
            acquisition of the Great Northern Ore's properties: vertical
            foreclosure or efficient contractual gove.  73p.            
     5642   Nechyba, Thomas J.  Public school finance in a general      
            equilibrium Tiebout world: equalization programs, peer      
            effects & private school .  49p.                            
     5654   Parsley, David C. & Wei, Shang-Jin.  Convergence to the law 
            of one price without trade barriers of currency             
            fluctuations.  40p.                                         
     5677   Poterba, James M.  Demographic structure and the political  
            economy of public education.  37p.                          
     5692   Romer, Christina D. & Romer, David H.  Federal reserve      
            private information and the behavior of interest rates.     
            51p.                                                        
     5634   Rotemberg, Julio J. & Woodford, Michael.  Imperfect         
            competition and the effects of energy price increases on    
            economic activity.  42p.                                    
     5688   Ruhm, Christopher J.  The economic consequences of parental 
            leave mandates: lessons from Europe.  46p.                  
     5699   Schwartz, Anna J.  From obscurity to notoriety: a biography 
            of the Exchange Stabilization Fund.  36p.                   
     5695   Spencer, Barbara J.  Quota licenses for imported capital    
            equipment: could bureaucrats ever do better than the        
            market?.  38p.                                              
     5660   Woodford, Michael.  Loan commitments and optimal monetary   
            policy.  31p.                                               

     UNIVERSITY OF NEW SOUTH WALES.  School of Economics.               

     9613   Bradley, Rebecca & Gans, Joshua.  Growth in Australian      
            cities.  25p.                                               
     9612   Crosby, Mark & Otto, Glen.  Inflation and the capital stock.
             38p.                                                       
     9616   Gans, Joshua & Quiggin, John.  Large and small firms.  35p. 
     9614   Perkins, John.  A clash of values: coinage in New Guinea    
            between the world wars.  15p.                               
     9615   Pezanis-Christou, Paul.  Sequential auctions with supply    
            uncertainty.  28p.                                          

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

     9634   Altman, Edward I. & Narayanan, Paul.  Business failure      
            classification models: an international survey.  69p.       
     9639   Angbazo, Lazarus & Saunders, Anthony.  The effect of "too   
            big to fail" deregulation on bank cost of funds.  31p.      
     9638   Angbazo, Lazarus, Mei, Jianping & Saunders, Anthony.  Credit
            spreads in the market for highly leveraged transaction      
            loans.  42p.                                                
     9623   Backus, David, Foresi, Silverio & Telmer, Chris.  Affine    
            models of currency pricing.  36p.                           
     9622   Bhabra, Harjeet S., Dhillon, Upinder S. & Ramirez, Gabriel  
            R.  A November effect?: revisting the tax-loss selling      
            hypothesis.  34p.                                           
     9636   Brown, Stephen J. & Pope, Peter F.  Post-earnings           
            announcement drift?.  43p.                                  
     9637   Brown, Stephen, et al.  Rejoinder the J-shape of performance
            persistence given survivorship bias.  11p.                  
     9625   Choi, Jongmoo Jay, Elyasiani, Elyas & Saunders, Anthony.    
            Derivative exposure and the interest rate and exchange rate 
            risks of U.S. banks.  30p.                                  
     9621   Dhillon, Upinder S., Emery, Douglas R. & Ramirez, Gabriel G.
             Capital structure management when firms issue securities.  
            32p.                                                        
     9624   Evans, Martin D.D.  Index-linked debt and the real term     
            structure: new estimates and implication from the U.K. bond 
            market.  49p.                                               
     9628   Fluck, Zsuzsanna.  The optimality of debt versus outside    
            equity.  49p.                                               
     9627   Fluck, Zsuzsanna, John, Kose & Ravid, S. Abraham.           
            Privatizing in stages and the dynamics of ownership         
            structures.  30p.                                           
     9626   Fluck, Zsuzsanna, Johm, Kose & Ravid, S. Abraham.           
            Privatization with political constraints: auctions versus   
            private negotiations.  42p.                                 
     9633   Franke, Gunter, Stapleton, Richard C. & Subrahmanyam, Marti 
            G.  The size of background risk and the theory of risk      
            bearing.  24p.                                              
     9632   Franke, Gunter, Stapleton, Richard C. & Subrahmanyam, Marti 
            G.  Who buys and who sells options: the role and pricing of 
            options in an economy with background risk.  33p.           
     9631   Kahan, Marcel & Yermack, David.  Investment opportunities   
            and the design of debt securities.  24p.                    
     9635   Whitelaw, Robert F.  Risk and return: an equilibrium        
            approach.  30p.                                             
     9629   Yermack, David.  Companies' modest claims about the value of
            CEO stock option awards.  32p.                              
     9630   Yermack, David.  Good timing: CEO stock option awards and   
            company news announcements.  44p.                           

     NORWEGIAN SCHOOL OF ECONOMICS & BUSINESS ADMINISTRATION.           

     4/96   Bjorvatn, Kjetil.  City size and economic development.  23p.
     3/96   Bjorvatn, Kjetil.  Industrialization and regional           
            inequality.  28p.                                           
     6/96   Bjorvatn, Kjetil.  Islamic economics in principle and       
            practice.  22p.                                             
     5/96   Bjorvatn, Kjetil.  Rent-seeking and foreign aid.  22p.      
     9/96   Klovland, Jan Tore.  The silver age of manufacturing in     
            Norway: new estimates of the growth in industrial production
            1927-48.  32p.                                              
     8/96   Osmundsen, Petter.  Taxing internationally mobile           
            individuals: a case of countervailing incentives.  28p.     
     7/96   Thogersen, Oystein.  Intergenerational risk sharing and the
            design of pay-as-you-go pension programs.  6p.              

     OSAKA UNIVERSITY.  Institute of Social and Economic Research.      

     410    Ogawa, Kazuo.  How important is land as a production factor 
            for Japanese manufacturing industries?.  21p.               
     409    Ogawa, Kazuo & Suzuki, Kazuyuki.  Demand for bank loans     
            under borrowing constraints: a panel study of Japanese firm 
            data.  31p.                                                 
     408    Ogawa, Kazuo & Suzuki, Kazuyuki.  Land value and corporate  
            investment: evidence from Japanese panel data.  32p.        
     407    Yoshihara, Naoki.  A characterization of natural and double 
            implementation in production economies.  40p.               
     406    Yoshihara, Naoki.  Full characterizations of public         
            ownership solutions.  30p.                                  
     405    Yoshihara, Naoki.  Wealth, exploitation and labor discipline
            in the contemporary capitalist economy.  42p.               

     UNIVERSITY OF OTTAWA.  Department of Economics.                    

     9608   Coulombe, Serge & Day, Kathleen M.  Beta-convergence,       
            sigma-convergence and the stationary-state level of regional
            disparities: the case of Canada.  44p.                      
     9606   Grafton, R. Quentin & Silva-Echenique, J.  How to manage    
            nature?: strategies, predator-prey models and chaos.  33p.  
     9607   Gray, David M.  An `insider-outsider' approach to the       
            political economy of unemployment policy: empirical evidence
            from France.  24p.                                          
     9605   Seccareccia, Mario.  Logical time units and macroeconomic   
            price formation: a possible element of conceptual           
            integration of Keynes's...  38p.                            

     UNIVERSITY OF PENNSYLVANIA.  Center for Analytic Research in Econ. 

     9604   Cole, Harold L., Mailath, George J. & Postlewaite, Andrew.  
            Class sytems and the enforcement of social norms.  22p.     

     PRINCETON UNIVERSITY.  Industrial Relations Section.               

     365    Ashenfelter, Orley & Rouse, Celia.  Income, schooling, and  
            ability: evidence from a new sample of twins.  30p.         
     366    Card, David & Krueger, Alan.  School resources and student  
            outcomes: an overview of the lierature and new evidence from
            No. & So. Carolina.  37p.                                   

     UNIVERSITY OF SAARLAND.  Department of Economics.                  

     9602   Koboldt, Christian.  Optimising the use of cultural         
            heritage.  23p.                                             
     9512   Ostmann, Axel.  Determining bargaining behavior in          
            three-person characteristic function experiments.  16p.     
     9511   Ostman, Axel.  Water management on the eve of crisis: the   
            case of the Canary Islands.  13p.                           

     TEL-AVIV UNIVERSITY.  Foerder Institute of Economic Research.      

     14/96  Bayoumi, Tamim, Coe, David T. & Helpman, Elhanan.  R & D    
            spillovers and global growth.  35p.                         
     13/96  Galor, Oded & Tsiddon, Daniel.  Technological progress,     
            mobility and economic growth.  37p.                         
     16/96  Leiderman, Leonardo & Bufman, Gil.  Searching for nominal   
            anchors in shock-prone economies in the 1990s: inflation    
            targets and exchange rate bands.  44p.                      
     15/96  Fershtman, Chaim, Fishman, Arthur & Simhony, Avi.  Relative 
            price variability, repeat sales and the welfare cost of     
            inflation.  25p.                                            

     U.S. DEPARTMENT OF JUSTICE.  Economic Analysis Group.              

     96-5   Alexander, Cindy R. & Cohen, Mark A.  New evidence on the   
            origins of corporate crime.  21p.                           
     96-7   Alexander, Cindy R. & Cohen, Mark A.  Why do corporations   
            become criminals?: an agency explanation.  33p.             
     96-4   Dunham, Wayne R.  Moral hazard and the market for used      
            automobiles.  20p.                                          
     96-6   Einhorn, Michael A.  INTELSAT: a reform proposal.  13p.     
     96-3   McCabe, Mark J. & Hewlett, James G.  Dynamic behavior of    
            regulated firms: evidence from nuclear utilities.  16p.     
     96-1   Werden, Gregory J.  A robust test for consumer welfare      
            enhancing mergers among sellers of differentiated products. 
            5p.                                                         
     96-2   Werden, Gregory J.  Simulating the effects of differentiated
            products mergers.  19p.                                     

     UNIVERSITY OF VICTORIA (BC).  Department of Economics.             

     9610   Giles, David E.A.  Testing for asymmetry in the measured and
            underground business cycles in New Zealand.  23p.           
     9611   Mosk, Carl.  Cities on the sea: communication and           
            concentration in modern Japan.  54p.                        

     UNIVERSITY OF WISCONSIN.  Social Systems Research Institute.       

     9601   Andreoni, James & Miller, John H.  Giving according to GARP:
            an experiental study of rationality and altruism.  30p.     
     9610   Andreoni, James, Erard, Brian & Feinstein, Jonathan.  Tax   
            compliance.  66p.                                           
     9602   Bagwell, Kyle & Staiger, Robert W.  Reciprocal trade        
            liberalization.  50p.                                       
     9605   Bagwell, Kyle & Staiger, Robert W.  Strategic export        
            subsidies and reciprocal trade agreements: the natural      
            monopoly case.  31p.                                        
     9603   Binmore, Ken, Piccione, Michele & Samuelson, Larry.         
            Evolutionary stability in alternating-offers bargaining     
            games.  35p.                                                
     9606   Brock, William A.  Asset price behavior in complex          
            environments.  36p.                                         
     9609   Che, Yeon-Koo & Gale, Ian.  The optimal mechanism for       
            selling to budget-constrained consumers.  19p.              
     9608   Che, Yeon-Koo & Hausch, Donald B.  Cooperative investments  
            and the value of contracting: Coase vs. Williamson.  29p.   
     9614   Dominitz, Jeff & Manski, Charles F.  Perceptions of economic
            insecurity: evidence from the Survey of Economic            
            Expectations.  37p.                                         
     9613   Durlauf, Steven N.  Associational redistribution: a defense.
             31p.                                                       
     9615   Durlauf, Steven N.  An incomplete markets model of business 
            cycles.  35p.                                               
     9612   Eshel, Illan, Samuelson, Larry & Shaked, Avner.  Altruism,  
            egoists and hooligans in a local interaction model.  40p.   
     9607   Keller, Wolfgang.  Are international R & D spillovers trade 
            related?: analyzing spillovers among randomly matched trade 
            partners.  16p.                                             
     9611   Mailath, George J., Samuelson, Larry & Swinkels, Jeroen M.  
            How proper is sequential equilibrium?.  26p.                
     9604   Manski, Charles F.  Monotone treatment response.  41p.      

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