STANFORD INSTITUTE FOR ECONOMIC POLICY RESEARCH (SIEPR) - Discussion Paper Series

StanfordUniversity

(650) 725-6668

436. Dean M. Maki, “Household Debt and the Tax Reform Act of 1986,” November 1995.

437. Ronald I. McKinnon and Huw Pill, “Credible Liberalizations & International Capital Flows: The Over-Borrowing Syndrome,”     6/95.

438. Miguel Cantillo and Julian Wright, “How do Firms choose their Lenders? Theory and Evidence,” November 1995.

439. Victor R. Fuchs, “Economics, Values, and Health Care Reform,” January 1996.

440. James R. Barth and John S. Jahera, Jr., “Barriers to the Integration of Banking Markets: The Case of the United States,” May   1994.

441. John B. Taylor, “Monetary Policy Implications of Greater Fiscal Discipline,” September 1995.

442. Masahiko Aoki, Kevin Murdock and Masahiro Okuno-Fujiwara, “Beyond The East Asian Miracle: Introducing the Market Enhancing View,” October 1995.

443. William M. Gentry and R. Glenn Hubbard, “Distributional Implications of Introducing a Broad-Based Consumption Tax,” October 1995. This paper was presented at the CEPR conference, A Fundamental Tax Reform, December 1, 1995.

444. Alan J. Auerbach, “Tax Reform, Capital Allocation, Efficiency and Growth,” December 1995. This paper was presented at the CEPR conference, A Fundamental Tax Reform, @ December 1, 1995.

445. Joel Slemrod, “What Makes Some Consumption Taxes So Simple, and Others So Complicated?” December 1995. This paper was presented at the CEPR conference, A Fundamental Tax Reform, December 1, 1995.

446. Michael Boskin, “An Economist's Evaluation of the Political Discourse on Fundamental Tax Reform Proposals,” December 1995. This paper was presented at the CEPR conference, A Fundamental Tax Reform, December 1, 1995.

447. Robert E. Hall, “The International Consequences of the Leading Consumption Tax Proposals,” December 1995. This paper was

presented at the CEPR conference, Fundamental Tax Reform, December 1, 1995.

448. Tuck Meng Ow-Yong, “Price Variability, Output Variability and Central Bank Independence,” CEPR Technical Paper, March 1996.

449. John B. Taylor, “Policy Rules as a Means to a More Effective Monetary Policy,” January 1996.

450. Craig Furfine, “An Examination of the 1989-1992 Bank Credit Crunch,” March 1996.

451. Robert M. Coen and Bert G. Hickman, “A Stochastic Model of Potential Output,” CEPR Technical Paper, January 1996.

452. Christopher L. Jones and Seth E. Weingram, “The Determinants of 10b-5 Litigation Risk,” March 1996.

453. Guillermo A. Calvo, “Capital Flows and Macroeconomic Management: Tequila Lessons,” March 1996. Presented at the Conference on Monetary Policy: Measurement and Management sponsored jointly by CEPR and The Federal Reserve Bank of San Francisco on March 1, 1996.

454. Willem H. Buiter and Kenneth M. Kletzer, “Monetary Union and Macroeconomic Stabilization,” March 1996. Presented at the

Conference on Monetary Policy: Measurement and Management sponsored jointly by CEPR and The Federal Reserve Bank of San Francisco on March 1, 1996.

455. V.V. Chari, Lawrence J. Christiano and Martin Eichenbaum, “Expectation Traps and Discretion,” April 1996. Presented at the

        Conference on Monetary Policy: Measurement and Management sponsored jointly by CEPR and The Federal Reserve Bank of San Francisco on March 1, 1996.

456. Glenn D. Rudebusch, “Do Measures of Monetary Policy In A Var Make Sense?” January 1996. Presented at the Conference on Monetary Policy: Measurement and Management sponsored jointly by CEPR and The Federal Reserve Bank of San Francisco on March 1, 1996.

457. James D. Hamilton, “Measuring the Liquidity Effect,” October 1995. Presented at the Conference on Monetary Policy: Measurement and Management sponsored jointly by CEPR and The Federal Reserve Bank of San Francisco on March 1, 1996.

458. Ronald I. McKinnon, “Alternate Exchange Rate Regimes, the EMU, and Sweden: The Fiscal Constraints,” May 1996.

459. Thomas J. Nechyba, “Public School Finance in a General Equilibrium Tiebout World: Equalization Programs, Peer Effects and Private School Vouchers,” June 1996.

460. Andrew B. Bernard and Charles I. Jones, “Productivity and Convergence Across U.S. States and Industries,” January 1995.

461. Charles I. Jones and John C. Williams, “Too Much of a Good Thing? The Economics of Investment in R&D,” February 1996.

462. John Pencavel, “The Legal Framework for Collective Bargaining in Developing Economies,” June 1996.

463. Frank Wolak and Robert H. Patrick, “The Impact of Market Rules and Market Structure on the Price Determination Process in the England and Wales Electricity Market,” June 1996.

464. Frank Wolak, “Changes in the Household-Level Demand for Postal Delivery Services from 1986 to 1994,” May 1996.

465. Ashish Arora and Alfonso Gambardella, “Evolution of Industry Structure in the Chemical Industry,” June 1996.

466. Ashish Arora and Alfonso Gambardella, “Domestic Markets and International Competitiveness: Generic and Product-Specific

Competencies in the Engineering Sector,” April 1996.

467. Patrick J. Bayer, B. Douglas Bernheim and John Karl Scholz, “The Effects of Financial Education in the Workplace: Evidence from a Survey of Employers,” June 1996.

468. B. Douglas Bernheim and Daniel M. Garrett, “The Determinants and Consequences of Financial Education in the Workplace: Evidence from a Survey of Households,” March 1996.

469. B. Douglas Bernheim and Michael D. Whinston, “Exclusive Dealing,” February 1996.

470. B. Douglas Bernheim and Lee Redding, “Optimal Money Burning: Theory and Application to Corporate Dividend Policy,” December 1995

471. Moses, Abramovitz. “The Monetary Side of Long Swings in U.S. Economic Growth,” April 1973

472. Paul A. David and Gavin Wright, “Increasing Returns and the Genesis of American Resource Abundance,” July 1996.

473. Timothy F. Bresnahan, Scott Stern and Manuel Trajtenberg, “Market Segmentation and the Sources of Rents from Innovation: Personal Computers in the late 1980's,” September 1996.

474. Ashish Arora, Andrea Fosfuri and Alfonso Gambardella, “Division of Labor and the Transmission of Growth,” July 1996.

475. Paul A. David and Mark Charmer, “Formal Standards-Setting for Global Telecommunications and Information Services:

Towards an Institutional Regime Transformation?” August, 1996.

476. John B. Shoven and David A. Wise, “The Taxation of Pensions: A Shelter Can Become A Trap,” October 1996.

477. Timothy F. Bresnahan and Shane Greenstein, “Technical Progress and Co-Invention in Computing and in the Uses of Computers,” September 1996.

478. Paul A. David, “Re-Thinking Technology Transfers: Incentives, Institutions and Knowledge-Based Industrial Development,” July 1996.

479. Paul A. David, “When Learning by Doing is Not Necessarily Knowing: Behavioral Adaptation and Cognitive Progress in Technological Evolution,” November 1996.

480. Nicholas Economides, “The Incentive for Non-Price Discrimination by an Input Monopolist,” January 1997.

481. Yingyi Qian and Gérard Roland, “Federalism and the Soft Budget Constraint,” September 1996.

482. John M. Litwack and Yingyi Qian, “Special Economic Zones as Catalysts for Transition,” November 1996.

483. Nicholas Economides, Giuseppe Lopomo and Glenn Woroch, “Strategic Commitments and the Principle of Reciprocity in Interconnection Pricing,” September 1996.

484. Nicholas Economides, Giuseppe Lopomo and Glenn Woroch, “Regulatory Pricing Rules To Neutralize Network Dominance,”

November 1996.

485. Paul A. David, “From Market Magic to Calypso Science Policy: A Review of Terence Kealey's The Economic Laws of Scientific

Research,” February 1997.

486. Nicholas Economides, “The Incentive for Non-Price Discrimination by an Input Monopolist,” April 1997.

487. Ronald McKinnon, Kenichi Ohno and Kazuko Shirono, “The Syndrome of the Ever-Higher Yen, 1971-95: American Mercantile Pressure on Japanese Monetary Policy,” May 1997.

488. Masahiko Aoki and Serdar Dinc, “Relational Financing as an Institution and its Viability under Competition,” May 1997.

489. Scott D. Rozelle, Pan A.Yotopoulos and Jikun Huang, “The Rise of the Middle Class and China's Future Food Deficit,” April 1997.

490. B. Douglas Bernheim, Daniel M. Garrett and Dean M. Maki, “Education and Saving: The Long-Term Effects of High School

Financial Curriculum Mandates,” June 1997.

491. B. Douglas Bernheim, Jonathan Skinner and Steven Weinberg, “What Accounts for the Variation in Retirement Wealth Among U.S. Households?” September 1997.

492. Roger G. Noll and Monroe E. Price, “Communications Policy in the Era of Choice and Convergence with Reflections on the Markle Foundation,” October 1997.

493. John B. Shoven, “The Location and Allocation of Assets In Pension and Conventional Savings Accounts,” March 1998.

494. Jan-Erik Stostad, “Reducing the Communication Gap Between Economists and Policy Makers: A Set of Structural Policy

Indicators," April 1998.

495. Roger G. Noll, “Competition Policy in European Sports after the Bosman Case,” June 1998.

496. Peter Blair Henry, “Stock Market Liberalization, Economic Reform, and Emerging Market Equity Prices,” September 1997.

497. Peter Blair Henry, “Do Stock Market Liberalizations Cause Investment

Booms?” November 1997.

498. John B. Taylor, “A Historical Analysis of Monetary Policy Rules,” March, 1998.

499. Kevin M. Murphy, W. Craig Riddell and Paul M. Romer, “Wages, Skills and Technology in the United States and Canada,” August 1998.

500. Timothy F. Bresnahan, "New Modes of Competition: Implications of the Future Structure of the Computer Industry," June 1998.

98-1. B. Douglas Bernheim, "Taxation and Saving," March 1999.

98-2. Gregory L. Rosston and Evan R. Kwerel, "An Insider's View of FCC Spectrum Auctions," February 1999.

98-3. Paul A. David and Gavin Wright, "Early Twentieth Century Productivity Growth Dynamics: An Inquiry into the Economic History of 'Our Ignorance'," April 1999.

98-4. Gregory L. Rosston and Bradley S. Wimmer, "The ABC's Of Universal Service: Arbritrage, Big Bucks, and Competition," April 1999.

98-5. Timothy Bresnahan, Eric Brynjolfsson and Lorin M. Hitt, "Information Technology, Workplace Organization and the Demand for Skilled Labor: Firm-level Evidence," February 1999.

98-6. Andrew A. Toole, "The Contribution of Public Science to Industrial Innovation: An Application to the Pharmaceutical Industry," June 1999.

99-1. Paul A. David, Bronwyn H. Hall, and Andrew A. Toole, "Is Public R&D a Complement or a Substitute for Private R&D? A Review of the Econometric Evidence," September 1999.

99-2. Elhanan Helpman, and Antonio Rangel, "Adjusting to a New Technology Experience and Training," December 1998.

99-3. Moses Abramovitz and Paul A. David, "American Macroeconomic Growth in the Era of Knowledge-Based Progress: The Long-Run Perspective," August 1999.

99-4. Pan A. Yotopoulos and Yasuyuki Sawada, "Free Currency Markets,

99-5. Yasuyuki Sawada and Pan A. Yotopoulos, "Currency Substitution, Speculation, and Financial Crises: Theory and Empirical Analysis, November 1999.

99-6. John Pencavel, "The Appropriate Design of Collective Bargaining Systems: Learning from the Experience of Britain, Australia, and NewZealand," November 1998.

99-7. Timothy Bresnahan and John Richards, "Local and Global Competition in Information Technology," June 1999.

99-8. Bradley S. Wimmer and Gregory L. Rosston, "Winners and Losers from the Universal Service Subsidy Battle," December 1999.

99-9. Joel M. Dickson, John B. Shoven, and Clemens Sialm, "Tax Externalities of Equity Mutual Funds," December 1999.

99-10. AnnaLee Saxenian, "The Silicon Valley-Hsinchu Connection: Technical Communities and Industrial Upgrading," September 1999.

99-11. Paul A. David, "Understanding Digital Technology's Evolutions and The Path of Measured Productivity Growth: Present and Future in the Mirror of the Past," January 2000.

99-12. A. Mitchell Polinsky and Steven Shavell, "The Economic Theory of Public Enforcement of Law," July 1999.

99-13. Thomas E. MaCurdy, "Asset Allocation and Risk Allocation: Can Social Security Improve its Future Solvency Problem by Investing in Private Securities?" January 2000.

99-14. Michael J. Boskin, "The Vickrey Lecture: From Edgeworth to Vickrey To Mirrlees, October 1999

99-15. Michael J. Boskin, "Economic Measurement: Progress and Challenges," January 2000

99-16. John B. Shoven and Clemens Sialm, "The Dow Jones Average: The Impact of Fixing Its Flaws,” February 2000

99-17. Scott J. Wallsten, "Executive Compensation and Firm Performance: Big Carrot, Small Stick, March 2000

99-18. Gregory L. Rosston and Bradley S. Wimmer, "The 'State' of Universal Service,” April 2000

99-19. John Pencavel, "The Response of Employees to Severance Incentives: The University of California's Faculty, 1991-94,” April 2000

99-20. Paul M. Romer, "Should the Government Subsidize Supply or Demand in the Market for Scientists and Engineers"?, May 2000

99-21. Scott J. Wallsten, “Telecommunications Privatization in Developing Countries: The Real Effects of Exclusivity Periods,”

May 2000

99-22. B. Douglas Bernheim and Sergei Sererinov, “Bequests as Signals: An Explanation for the Equal Division Puzzle,” Aug. 1999

99-23. Patrick Bajari and Ali Hortacsu, “Winner Curse, Reserve Prices and Endogenous Entry: Empirical Insights from eBay Auctions,” March 2000

99-24. Patrick Bajari & Matthew E. Kahn, “Why Does Racial Segregation Persist? A Case Study of Philadelphia, “ March 2000

99-25. Patrick Bajari and Steven Tadelis, “Incentive versus Transaction costs: Theory of Procurement Contracts, March 2000.

99-26. A. Lars Bovenberg and Lawrence H. Goulder, “Neutralizing the Adverse Industry Impacts of CO2 Abatement Policies: What Does It Cost?,” February 2000.

99-27. Luigi Pistaferri, “Superior Information, Income Shocks and The Permanent Income Hypothesis,” Aug 2000

99-28. Tullio Jappelli an Luigi Pistaferri, “Intertemporal Choice and Consumption Mobility’’, Aug. 2000.

99-29. Charles I. Jones, “Sources of U.S. Economic Growth in a World of Ideas,” July 2000.

99-30. Charles I. Jones, “Was an Industrial Revolution Inevitable? Economic Growth Over the Very Long Run,” March 2000.

99-31. Roger G. Noll, “Telecommunications Reform in Developing Countries,” June 2000.

99-32. Roger G. Noll, Mary M. Shirley and Simon Cowan, “Reforming Urban Water Systems in Developing Countries,” June 2000.

00-01. Beatrix Paal, “Measuring the Inflation of Parallel Currencies: An  Empirical Reevaluation Of the Second Hungarian Hyperinflation,” June 2000

00-02.Paul A. David, “A Tragedy of the Public Knowledge 'Commons'? Global Science, Intellectual Property and The Digital Technology Boomerang,” October 2000

00-03. Masahiko Aoki, “Innovation in the Governance of Product-System Innovation: The Silicon Valley Model,” October 2000

00-04. Edward P. Lazear, “The Peter Principle: Promotions and Declining Productivity,” October 2000 (Revised)

00-05. Jeffrey R. Brown and Mark J. Warshawsky, “Longevity-Insured Retirement Distributions from Pension Plans: Market and Regulatory Issues,” November 2000

00-06. Peter Blair Henry, “Is Disinflation Good for Growth,” October 2000

00-07. Andrew Toole, “The Impact of Public Basic Research on Industrial Innovation: Evidence from the Pharmaceutical Industry,” November 2000

00-08. James M. Poterba, John B. Shoven, Clemens Sialm, “Asset Location for Retirement Savers,” September 2000

00-09. John Pencavel, “A Cohort Analysis of the Association Between Work Hours and Wages Among Men,” November 2000

00-10. Ronald Wendner, “Environmental Externalities and Consumer’s Frames of Reference,” November 2000

00-11. Clemens Sialm, “Stochastic Taxation and Asset Pricing In Dynamic General Equilibrium,” November 2000

00-12. Michael J. Boskin and Lawrence J. Lau, “Generalized Solow-Neutral Technical Progress and Postwar Economic Growth,” November 2000

00-13. Ali Hortacsu, “Mechanism Choice and Strategic Bidding in Divisible Good Auctions: An Empirical Analysis Of the Turkish Treasury Auction Market,” November 2000

00-14. Lixin Ye, “Indicative Bidding,” November 2000

00-15. Faye Steiner, “Quantifying Discrimination in Home Mortgage Lending: Estimation of Loan Price Elasticities Across Products and Races,” December 2000

00-16. Laura L.Veldkamp, “Slow Boom, Big Crash,” December 2000

00-17. Andrew A. Samwick, “The Effects of Social Security Reform on Private Pensions,” December 2000

00-18. Chao Wei, “Energy, the Stock Market and the Putty-Clay Investment Model,” December 2000

00-19. Davide Lombardo, “Is There a Cost to Poor Institutions?,” October 2000

00-20. Giovanni Facchini and Gerald Willmann, “The Political Economy of International Factor Mobility,” January 2001

00-22. Pablo Ruiz-Verdú, “Labor Markets Under Endogenous Union Formation,” November 2000

00-23. Daniel Eisenberg, “Evaluating the Effectiveness of a 0.08% BAC Limit and Other Policies Related to Drunk Driving,”

January 2001

00-24. Brent Goldfarb, “The Effect of Government Contracting On Academic Research,” January 2001

00-25. Asaf Zussman, “A Purchasing Power Parity Paradox,” January 2001

00-26. Johannes Van Biesebroeck, “Measuring Productivity Dynamics with Endogenous Choice of  Technology and Capacity

Utilization: An Application to Automobile Assembly,” November 2000

00-29. Joseph A. Grundfest, “The Future of United States Securities Regulation in an Age of Technological Uncertainty,” September    2000

00-30. Seema Arora, “Voluntary Abatement and Market Value: An Event Study Approach,”  February 2001

00-31. John Pencavel, “The Surprising Retreat of Union Britain,” March 2001

00-32. Anusha Chari and  Peter Blair Henry, “Stock Market Liberalizations and the Repricing of  Systematic Risk,” February 2001

00-33. Paul A. David, “WillBuilding ‘Good Fences’ Really Make ‘Good Neighbors’ in Science?” April 2001

00-34. Paul A. David, ““UIBEDA”- A Modest Proposal for Reforming the Tax Treatment of Intangible Human Capital Investments,”        April 2001

00-35. Brent Goldfarb, Magnus Henrekson and Nathan Rosenberg, “Demand vs. Supply Driven Innovations:

  US and Swedish Experiences in Academic Entrepreneurship,” February 2001

00-36. Peter Blair Henry, “Is Disinflation Good for the Stock Market?,” February 2001

00-37. Scott Wallsten, “Ringing in the 20th Century: The Effects of State Monopolies, Private Ownership, and Operating Licenses on               

           Telecommunications in Europe, 1892-1914,” June 2001

00-38. Catherine Beaudry and Peter Swann, “Growth in Industrial Clusters: A Bird’s Eye View of the United Kingdom,” March 2001

00-39. Scott Wallsten, “The Role of Government in Regional Technology Development:  The Effects of Public Venture Capital and

             Senic Parks,” March 2001

00-40. Catherine de Fontenay and Erran Carmel, “Israel’s Silicon Wadi: The Forces Behind Cluster Formation,” June 2001

00-41. Ashish Arora , Alfonso Gambardella and Salvatore Torrisi, “In the Footsteps of Silicon Valley? Indian and Irish

           Software in  the International Division of Labour,” June 2001

00-42. Suma S. Athreye, “Agglomeration and Growth: A Study of the Cambridge Hi-Tech Cluster,” June 2001

00-43. Timothy Bresnahan, Alfonso Gambardella, AnnaLee Saxenian and Scott Wallsten, ““Old Economy” Inputs for “New

            Economy” Outcomes: Cluster Formation in the New SiliconValley,” June 2001

00-44. AnnaLee Saxenian, “Taiwan’s Hsinchu Region: Imitator and Partner for Silicon Valley,” June 2001

00-45. Gordon Moore and Kevin Davis, “Learning the Silicon Valley Way,” July 2001

00-46. John E. Richards, “Clusters, Competition, and “Global Players” in ICT Markets: The Case of Scandinavia,” July 2001

00-49. Timothy F. Bresnahan, “The Right Remedy,” August 2001

00-50. Timothy F. Bresnahan, “The Economics of the Microsoft Case,” August 2001

00-51. Timothy F. Bresnahan, “Network Effects and Microsoft,” August 2001

01-01. Steven Tadelis, “The Market for Reputations as an Incentive Mechanism,” March 2001

01-02. Steven Tadelis, “The Market for Reputations as an Incentive Mechanism,” July 2001

01-04. Paul A. David, “The Beginnings and Prospective Ending of ‘End-to-End’,” August 2001

01-05. Moses Abramovitz and Paul A. David, “Two Centuries of American Macroeconomic Growth

           From Exploitation of Resource Abundance to Knowledge-Driven Development,” August 2001 

01-06. Jed DeVaro, “The Effect of Employer Recruitment Strategies on Job Placements and Match Quality,” November 2001 

01-07. Dirk Krueger and Felix Kubler, “Intergenerational Risk Sharing via Social Security when Financial Markets are Incomplete,”

           August 2001   

01-08. Gregory L. Rosston, “The Long and Winding Road: The FCC Paves the Path with Good Intentions,” December 2001 

01-09. Bruce M. Owen and Gregory L. Rosston, “Spectrum Allocation and the Internet,” December 2001 

01-10. Robert Thomas Crow, “Not Invented Here: What Can be Learned From Elsewhere About Restructuring Electricity Markets,”

           December  2001   

01-11. Mordecai Kurz, “Endogenous Fluctuations and the Role of Monetary Policy,” November 2001 

01-12. Mordecai Kurz, “Heterogenous Forecasting and Federal Reserve Information,” December 2001

01-13. Roger G. Noll, “Resolving Policy Chaos in High Speed Internet Access,” January 2002   

01-14. Paul A. David and Dominique Foray, “An Introduction to the Economy of the Knowledge Society,” December 2001

01-15. Roger G. Noll, “The Economics of Baseball Contraction,” January 2002

01-16. Roger G. Noll, “The Economics of Promotion and Regulation in Sports Leagues: The Case of English Football,” January 2002          

01-17. Kit Ming Yan, “Predicting Currency Crises With a Nested Logit Model,” January 2002          

01-18. Nathan G. Goldstein, “A Puzzle of Vertical Integration and Segmentation In U.S. Long Distance Telephony,” January 2002          

01-19. Asaf Zussman, “The Rise of German Protectionism in The 1870’s: A Macroeconomic Perspective,” January 2002

01-20. Paul Milgrom and Lawrence M. Ausubel, “Package Bidding: Vickrey Vs Ascending Auctions,” January 2002          

01-21. Paul Milgrom, “Getting To Work,” January 2002

01-22. Susan Athey and Scott Stern, “The Impact of Information Technology on Emergency Health Care Outcomes,” January 2002 

01-23. Yasuyuki Sawada and Pan A. Yotopoulos, “Currency Substitution, Speculation and Crises: Theory and Empirical Analysis,”

           March 2002

01-24. Paul A. David and Louise C. Keely, “The Economics of Scientific Research Coalitions: Collaborative Network Formation

           in the Presence of Multiple Funding Agencies,” April 2002

01-25. Susan Athey and Guido W. Imbens, “Identification and Inference in Nonlinear Difference-In-Differences Models,” May 2002 

01-26. Robert M. Coen and Bert G. Hickman, “The Productivity Surge of the Nineties and Future Growth,” May 2002

01-27 Roger G. Noll, “Federal R&D in the Anti-Terrorist Era,” July 2002 

01-28. Jonathan Levin and Steven Tadelis, “A Theory of Partnerships,” August 2002 

01-29. Jonathan Levin and Richard Levin, “Patent Oppositions,” August 2002 

01-30. Gregory L. Rosston and Bradley S. Wimmer, “Local Telephone Rate Structures: Before and After the Act,” August 2002 

01-31. Gregory L. Rosston and Roger G. Noll, “The Economics of the Supreme Court's Decision On Forward Looking Costs,” August 2002

01-32. Dirk Krueger and Juan Carlos Conesa, “On the Optimal Progressivity of the Income Tax Code,” June 2002 

01-33. Dirk Krueger and Fabrizio Perri, “Does Income Inequality Lead to Consumption Inequality? Evidence and Theory,” August 2002 

01-34. Dirk Krueger and Jesús Fernández-Villaverde, “Consumption and Saving over the Life Cycle: How Important are Consumer Durables?” August 2002

01-35. Dirk Krueger and Krishna B. Kumar, “Skill-specifc rather than General Education: A Reason for Slow European Growth?” April 2002 

01-36. Dirk Krueger and Jessica Tjornhom , “Economic Inequality and the Emergence of Child Labor Laws,” August 2002

02-01. Paul A. David, “Reforming the Taxation of Human Capital: A Modest Proposal for Promoting Economic Growth,” October 2002 

02-02. Peter Blair Henry and Anusha Chari, “Capital Account Liberalization: Allocative Efficiency or Animal Spirits?” April 2002 

02-03. Peter Blair Henry and Serkan Arslanalp, “Debt Relief: What Do the Markets Think?” November 2002

02-04. Peter Blair Henry and Anusha Chari, “Risk Sharing and Asset Prices: Evidence From a Natural Experiment,” October 2002

02-05. Paul Oyer and Scott Schaefer, “Why Do Some Firms Give Stock Options To All Employees?: An Empirical Examination of Alternative Theories,” December 2002

02-06. Paul Oyer, “Why Do Firms Use Incentives That Have No Incentive Effects?” December 2002

02-07. Eiichiro Kazumori, “Coordination and Decomissioning: NSFNET and the Evolution of the Internet in the United States, 1985-95,” February 2003

02-09. Hanno Lustig and Stijn Van Nieuwerburg, “Housing Collateral, Consumption Insurance and Risk Premia,” December 2002

02-10. Geoffrey Rothwell, “Standardization, Diversity, and Learning in China’s Nuclear Power Program,” August 2001

02-11. Geoffrey Rothwell and Bob van der Zwaan, “Is Light Water Reactor Technology Sustainable?” September 2002

02-12. Asaf Zussman, “The Limits of Arbitrage: Trading Frictions and Deviations from Purchasing Power Parity,” December 2002

02-13. Katherine Grace Carman, “Social Influences and the Private Provision of Public Goods: Evidence from Charitable Contributions in the Workplace,” January 2003

02-14. Sean Buckley, “Trading Costs and Home Bias: Evaluating a Proposal for Resolving the Feldstein-Horioka Puzzle,” September 2002

02-15. Shujing Li, “Too Many Mutual Funds? —Financial Product Differentiation Over The State Space,” January 2003

02-16. Jeremy T. Fox, “Labor Market Competition using Compensation Schemes and Intertemporal Relationships,” November 2002

02-17. Laura Lindsey, “The Venture Capital Keiretsu Effect: An Empirical Analysis of Strategic Alliances Among Portfolio Firms,  November 2002

02-18. David A. Miller, “Invention under Uncertainty and the Threat of Ex Post Entry,” February 2003

02-19. Neva Kerbeshian Novarro , “Does Earmarking Matter? The Case of State Lottery Profits and Educational Spending,” December 2002

02-20. Korok T. Ray, “P erformance Evaluations over Time,” January 2003

02-21. Azeem M. Shaikh, “The Performance of California’s Natural Gas Market during the Electricity Crisis,” January 2003

02-22. Ravi Singh, “Incentive Compensation and the Quality of Disclosure,” February 2003

02-23. Pierre-Olivier Weill, “Liquidity Premia in Dynamic Bargaining Markets,” November 2002

02-24. Pai-Ling Yin, “Information Dispersion and Auction Prices,” January 2003

02-25. Lei Zhang, “Income Distribution and the Allocation of Public Education Expenditure,” November 2002

02-26. Stuart D. Gurrea and Bruce. M Owen, “Coordinated Interaction and Clayton §7 Enforcement,” March 2003

02-27. Jean-Michel Dalle and Paul A. David, “The Allocation of Software Development Resources in ‘Open Source’ Production Mode,” February 2003

02-28. Andrew Leigh, Justin Wolfers and Eric Zitzewitz, “What do Financial Markets Think of War in Iraq?” March 2003

02-29. Paul A. David, “Koyaanisqatis in Cyberspace,” March 2003

02-30. Paul A. David, “The Economic Logic of “Open Science” and the Balance between Private Property Rights and the Public Domain in Scientific Data and Information: A Primer,” March 2003

02-31. Bruce M. Owen, “Regulatory Reform: The Telecommunications Act of 1996 and the FCC Media Ownership Rules,” May 2003   

02-32. Bruce M. Owen and Jorge Portillo, “Legal Reform, Externalities and Economic Development: Measuring the Impact of Legal Aid on Poor Women in Ecuador,” May 2003   

02-33. N. Gregory Mankiw, Ricardo Reis, and Justin Wolfers, “Disagreement about Inflation Expectations,” June 2003   

02-34. Mordecai Kurz and Hehui Jin “The Role of Expectations in Economic Fluctuations and the Efficacy of Monetary Policy,” July 2003   

02-35. Guillermo Caruana and Liran Einav, “A Theory of Endogenous Commitment,” February 2003   

02-36. Liran Einav, “Gross Seasonality and Underlying Seasonality: Evidence from the U.S. Motion Picture Industry,” February 2003   

02-37. Bruce M. Owen and Gregory L. Rosston, “ Local Broadband Access:Primum Non Nocere or Primum Processi? A Property Rights Approach,” July 2003   

02-38. Luis Garicano and Esteban Rossi-Hansberg, “Organization and Inequality in a Knowledge Economy,” June 2003   

02-39. Esteban Rossi-Hansberg, “A Spatial Theory of Trade,” June 2003   

02-40. Esteban Rossi-Hansberg and Mark L. J. Wright, “Urban Structure and Growth,” August 2003   

02-41. Patrick Bajari, Robert McMillan and Steven Tadelis, “Auctions versus Negotiations in Procurement: An Empirical Analysis,” July 2003   

02-42. Paul A. David, “Can ‘Open Science’ be Protected from the Evolving Regime of IPR Protections?,” July 2003   

02-43. Roger G. Noll, “The Organization of Sports Leagues,” August 2003   

02-44. Justin Wolfers, “Did Unilateral Divorce Laws Raise Divorce Rates? A Reconciliation and New Results,” August 2003   

02-45. Paul A. David, “Zvi Griliches on Diffusion, Lags and Productivity Growth …Conecting the Dots,” August 2003   

03-01. Mordecai Kurz, Hehui Jin and Maurizio Motolese , “Determinants of Stock Market Volatility and Risk Premia,” October 2003   

03-02. Mark L.J. Wright, “Private Capital Flows and Default Risk,” September 2003   

03-03. Bruce M. Owen, “Competition Policy in Latin America,” November 2003   

03-04. A. Mitchell Polinsky and Daniel L. Rubinfeld, “Remedies For Price Overcharges: The Deadweight Loss Of Coupons And Discounts,” November 2003

03-05. Betsey Stevenson and Justin Wolfers, ," Bargaining in the Shadow of the Law: Divorce Laws and Family Distress,"  November 2003

03-06. Jeremy Bulow and Jonathan Levin, "Matching and Price Competition,"  December 2003

03-07. Jeremy Bulow and John B. Shoven, "Accounting for Stock Options,"  March 2004

03-08. John William Hatfield and Paul Milgrom, "Auctions, Matching and the Law of Aggregate Demand," January 2004

03-09. Bruce M. Owen, "Imported Antitrust Law: Steel or Slag? A Review Essay," February 2004 

03-10. Robert Pozen, Sylvester J. Schieber, and John B. Shoven,"  Improving Social Security’s Progressivity and Solvency With Hybrid Indexing," January 2004

03-11. Catherine Tucker, "Empirically evaluating two-sided integrated network effects: The case of electronic payments," January 2004

03-12. Phoebe Chan, "How Effective are International Intellectual Property Laws? Evidence from Patenting Decisions in Agricultural Biotechnology," November 2003

03-13. Lei Zhang, "PublicCollege Quality and Higher Education Policies of U.S. States," December 2003

03-14. Dan Quint, "Optimal Second Price Auctions with Positively Correlated Private Values and Limited Information," January 2004

03-15. Jaime Calleja Alderete, "Asymmetric Responses of Local Expenditures to Changes in Intergovernmental Grants," January 2004

03-16. Mark R. Jacobsen and Azeem M. Shaikh, "Electricity Regulation in California and Input Market Distortions," January 2004

03-17. Kanda Naknoi, "Real Exchange Rate Fluctuations and Endogenous Tradability," January 2004

03-18. Seung-Hyun Hong, "The Effect of Napster on Recorded Music Sales: Evidence from the Consumer Expenditure Survey," January 2004

03-19. Geoffrey Rothwell ,"What Construction Cost Might Trigger New Nuclear Power Plant Orders?," March 2004

03-20. John William Hatfield and William R. Hauk, Jr., "The Effects of the Electoral Regime on Trade Policy," April 2004

03-21. Nicholas Crafts," Fifty Years Of Economic Growth In Western Europe: No Longer Catching Up But Falling Behind?" November 2003

03-22. Roger G. Noll, "The Conflict Over Vertical Foreclosure In Competition Policy And Intellectual Property Law," March 2004

03-23. Marianne Simonsen and Lars Skipper, "Identifying Direct and Indirect Effects. Estimating the Costs of Motherhood Using Matching Estimators," April 2004

03-24. Paul A. David, "THE TALE OF TWO TRAVERSES Innovation and Accumulation in the First Two Centuries of U.S. Economic Growth," March 2004

03-25. Justin Wolfers and Eric Zitzewitz, "Prediction Markets, "April 2004

03-26. Bruce M. Owen, "Confusing Success with Access: 'Correctly' Measuring Concentration of Ownership and Control in Mass Media and Online Services," May 2004

03-27. Bruce M. Owen, "Assigning Broadband Rights," May 2004

03-28. John Pencavel, "Faculty Retirement Incentives by Colleges and Universities," May 2004

03-29. Avner Greif, "Institutions and Impersonal Exchange: The European Experience," 2003

03-30. John McMillan and Pablo Zoido, "How to Subvert Democracy: Montesinos in Peru," July 2004

03-31. Jonathan Levin and Steven Tadelis, "Profit Sharing and the Role of Professional Partnerships," February 2004

03-32. John McMillan, "A Flexible Economy? Entrepreneurship and Productivity in New Zealand," August 2004

03-33. Karen Clay and Gavin Wright, "Order Without Law? Property Rights During the California Gold Rush," May 2004 

03-34. Lawrence M. Ausubel, Peter Cramton, and Paul Milgrom, "The Clock-Proxy Auction: A Practical Combinatorial Auction Design," August 2004

03-35. Lawrence M. Ausubel and Paul Milgrom, "Ascending Proxy Auctions," August 2004 

03-36. Lawrence M. Ausubel and Paul Milgrom, "The Lovely but Lonely Vickrey Auction," August 2004 

03-37. A. Mitchell Polinsky, "The Optimal Use of Fines and Imprisonment When Wealth is Unobservable," August 2004 

03-38. A. Mitchell Polinsky, "Optimal Fines and Auditing When Wealth is Costly to Observe," August 2004 

03-39. Paul David, "Patronage, Reputation, and Common Agency Contracting in the Scientific Revolution: From Keeping ‘Nature’s Secrets’ to the Institutionalization of ‘Open Science’," August 2004

03-40. Bruce M. Owen, Su Sun, Wentong Zheng, "Antitrust in China: The Problem of Incentive Compatibility," September 2004

04-01. Paul David, "Towards a cyberinfrastructure for enhanced scientific collaboration: Providing its ‘soft’ foundations may be the hardest part," August 2004

04-02. Jean-Michel Dalle and Paul David, "Simulating Code Growth in Libre (Open-Source) Mode," November 2004

04-03. Jean-Michel Dalle, Paul A. David, Rishab A. Ghosh, and W.E. Steinmueller, "Advancing Economic Research on the Free and Open Source Software Mode of Production," December 2004 

04-05. Geoffrey Rothwell, "Cost Contingency as the Standard Deviation of the Cost Estimate for Cost Engineering," February 2005

04-06. Mordecai Kurz, "Measuring the Ex-Ante Social Cost of Aggregate Volatility," February 2005

04-07. Reed E. Hundt and Gregory L. Rosston, "Communications Policy for 2005 and Beyond," March 2005

04-08. Roger G. Noll, " 'Buyer Power' and Economic Policy," March 2005

04-09. A. Mitchell Polinsky and Daniel L. Rubinfeld, "A Damage-Revelation Rationale for Coupon Remedies," March 2005     

04-10. Bruce M. Owen, "Competition Policy in Emerging Economies," April 2005

04-11. Igor Livshits, James MacGee and Michele Tertilt, "Consumer Bankruptcy: A Fresh Start ," April 2005

04-12. William Fuchs, "Contracting with Repeated Moral Hazard and Private Evaluations," April 2005

04-13. William Fuchs and Francesco Lippi, "Monetary Union with Voluntary Participation," April 2005

04-14. Jonathan Meer , "Evidence on the Returns to Secondary Vocational Education," April 2005

04-15. Vinicius Carrasco, "Corporate Board Structure, Managerial Self-Dealing, and Common Agency," April 2005

04-16. Felix Reichling, "Retraining the Unemployed in a Matching Model with Turbulence," March 2005

04-17. Minjung Park, "The Economic Impact of Wireless Number Portability," May 2005

04-18. Ariel Rubinstein and Yuval Salant, "Choice From Lists," May 2005

04-19. Esteban Rossi-Hansberg, Pierre-Daniel Sarte, and Raymond Owens, "Firm Fragmentation and Urban Patterns," May 2005

04-20. Pol Antràs, Luis Garicano, and Esteban Rossi-Hansberg, "Offshoring in a Knowledge Economy," January 2005

04-21. Ronald McKinnon, "Exchange Rate or Wage Changes in International Adjustment? Japan and China versus the United States," May 2005

04-22. Paul David, "Path Dependence and Historical Social Science: An Introductory Lecture ," May 2005

04-23. Albert Lee Chun , "Expectations, Bond Yields and Monetary Policy," May 2005

04-24. Eric A. Hanushek, John F. Kain, Steven G. Rivkin, and Gregory F. Branch, "Charter School Quality and Parental Decision Making with School Choice," March 2005

04-25. AEric A. Hanushek, John F. Kain, Daniel M. O’Brien, and Steven G. Rivkin, "The market for Teacher Quality," February 2005

04-26. Eric A. Hanushek and Ludger Wößmann, "Does Educational Tracking Affect Performance and Inequality? Differences-In-Differences Evidence Across Countries," February 2005

04-27. Paul A. David, "Innovation and Universities' Role In Commercializing Research Results: Second Thoughts about the Bayh-Dole Experiment," May 2005

04-28. Roger G. Noll, "The Politics and Economics of Implementing State-Sponsored Embryonic Stem-Cell Research," June 2005

04-29. Alessandro Tarozzi and Aprajit Mahajan, "Child Nutrition in India in the Nineties: A Story of Increased Gender Inequality?," May 2005

04-30. Muriel Niederle and Lise Vesterlund, "Do Women Shy Away from Competition? Do Men Compete too Much?," June 2005

04-31. Alma Cohen and Liran Einav, "Estimating Risk Preferences from Deductible Choice," June 2005

04-32. Guillermo Caruana and Liran Einav, "Production Targets," June 2005

04-33. B. Douglas Bernheim and Antonio Rangel, "Behavioral Public Economics: Welfare and Policy Analysis with Non-Standard Decision-Makers," June 2005

04-34. Benjamin A. Malin, "Hyperbolic Discounting and Uniform Savings Floors," August 2005

04-35. Mat McCubbins, Roger Noll, and Barry Weingast, "The Political Economy of Law: Decision-Making by Judicial, Legislative, Executive and Administrative Agencies," August 2005

04-36. John Pencavel, "Life Cycle Perspective on Changes in Earnings Inequality Among Married Men and Women," July 2005

04-37. Yasuyuki Sawada and Pan A. Yotopoulos, "Corner Solutions, Crises, and Capital Controls: A Theory and an Empirical Analysis on the Optimal Exchange Rate Regime in Emerging Economies," August 2005

05-01. Geoffrey Rothwell, "Can the Modular Helium Reactor Compete in the Hydrogen Economy?," June 2005    

05-02. Ronald I. McKinnon, "China’s New Exchange Rate Policy: Will China Follow Japan into a Liquidity Trap?," September 2005

05-03. Soohyung Lee, "The Effects of Temptation on the Optimal Provision of Education," June 2005 

05-04. A. Mitchell Polinsky and Steven Shavell, "The Theory of Public Enforcement of Law," October 2005