Table Of Content

Journal of Political Economy EDITED BY GARY S. BECKER, ROBERT E. LUCAS, JR., SHERWIN ROSEN, JOSE A. SCHEINKMAN, AND ROBERT TOPEL IN COOPERATION WITH OTHER MEMBERS OF THE DEPARTMENT OF ECONOMICS AND THE GRADUATE SCHOOL OF BUSINESS OF THE UNIVERSITY OF CHICAGO AND OUTSIDE REFEREES Volume 102 February—December 1994 THE UNIVERSITY OF CHICAGO PRESS CHICAGO, ILLINOIS © 1994 BY THE UNIVERSITY OF CHICAGO. ALL RIGHTS RESERVED PUBLISHED FEBRUARY APRIL, JUNE, AUGUST, OCTOBER, DECEMBER 1994 BY THE UNIVERSITY OF CHICAGO PRESS Index to Volume 102 Notes and Articles Admati, Anat R.; Pfleiderer, Paul; and Zechner, Josef. Large Shareholder Activism, Risk Sharing, and Financial Market Equilibrium 1097 Alston, Julian M. See Constantine, John H. Battalio, Raymond C. See Van Huyck, John B. Behrman, Jere R.; Rosenzweig, Mark R.; and Taubman, Paul. Endowments and the Allocation of Schooling in the Family and in the Marriage Market: The Twins Experiment Bernheim, B. Douglas. A Theory of Conformity Borenstein, Severin, and Rose, Nancy L. Competition and Price Dispersion in the U.S. Airline Industry Bourguignon, Francois. See Browning, Martin. Bronars, Stephen G., and Deere, Donald R. Unionization and Profitability: Evidence of Spillover Effects .. . . Browning, Martin; Bourguignon, Francois; Chiappori, Pierre-André; and Lechene, Valérie. Income and Outcomes: A Structural Model of Intra- household Allocation Bulow, Jeremy, and Klemperer, Paul. Rational Frenzies and Crashes Chari, V. V.; Christiano, Lawrence ].; and Kehoe, Patrick ]. Optimal Fiscal Policy in a Business Cycle Model Chiappori, Pierre-André. See Browning, Martin. Christiano, Lawrence] . See Chari, V. V. Cicchetti, Charles ]., and Dubin, Jeffrey A. A Microeconometric Analysis of Risk Aversion and the Decision to Self-Insure Constantine, John H.; Alston, Julian M.; and Smith, Vincent H. Economic Impacts of the California One-Variety Cotton Law Cook, Joseph P. See Van Huyck, John B. Craig, Ben. See Pencavel, John. Davies, John E. Giffen Goods, the Survival Imperative, and the Irish Potato Culture Deaton, Angus, and Paxson, Christina. Intertemporal Choice and Inequal- ity Deere, Donald R. See Bronars, Stephen G. Dionne, Georges, and Doherty, Neil A. Adverse Selection, Commitment, and Renegotiation: Extension to and Evidence from Insurance Mar- kets 209 Doherty, Neil A. See Dionne, Georges. Dubin, Jeffrey A. See Cicchetti, Charles ] Eberly, Janice C. Adjustment of Consumers’ Durables Stocks: Evidence from Automobile Purchases 1296 JOURNAL OF POLITICAL ECONOMY Eden, Benjamin. The Adjustment of Prices to Monetary Shocks When Trade Is Uncertain and Sequential 493 Ehrlich, Isaac; Gallais-Hamonno, Georges; Liu, Zhiqiang; and Lutter, Ran- dall. Productivity Growth and Firm Ownership: An Analytical and Empirical Investigation 1006 Gallais-Hamonno, Georges. See Ehrlich, Isaac. Garen, John E. Executive Compensation and Principal-Agent Theory Garratt, Rod, and Marshall, John M. Public Finance of Private Goods: The Case of College Education 566 Gordon, David B., and L eeper, Eric M. The Dynamic Impacts of Monetar y Policy: An Exercise in Tentative Identification . . mA Tee 1228 Greif, Avner. Cultural Beliefs and the Organization of Society: A Histor- ical and Theoretical Reflection on Collectivist and Individualist Soci- 912 Greif, Avner; Milgrom, Paul; and Weingast, Barry R. Coordination, Com- mitment, and Enforcement: The Case of the Merchant Guild Haubrich, Joseph G. Risk Aversion, Performance Pay, and the Principal- Agent Problem 258 Holtz-Eakin, Douglas; Joulfaian, David; and Rosen, Harvey §. Sticking It Out: eee Survival and Liquidity Constraints 53 Irwin, Douglas A., and Klenow, Peter ]. Learning-by-Doing Spillovers in the Semiconductor Industry 1200 Joulfaian, David. See Holtz-Eakin, Douglas. Jovanovic, Boyan, and MacDonald, Glenn M. Competitive Diffusion Jovanovic, Boyan, and MacDonald, Glenn M. The Life Cycle of a vies tive Industry Kane, ThomasJ ].C — — Entry by Blacks since 1970: The Role of Collegg e Costs, Family Background, and the Returns to Education Kaplan, Steven N. Top Executive Rewards and Firm Performance: / Comparison of Japan and the United States Kaplow, Louis, and Shavell, Steven. Optimal Law Enforcement with Self- Reporting of Behavior Karni, Edi, and Levin, Dan. Social Attributes and Strategic Equilibrium: A Restaurant Pricing Game Kehoe, Patrick ]. See Chari, V. V. Klemperer, Paul. See Bulow, Jeremy. Klenow, Peter ]. See Irwin, Douglas A. Laband, David N., and Piette, Michael J]. Favoritism versus Search for Good Papers: Empirical Evidence Regarding the Behavior of Journal Editors Lang, Larry H. P., and Stulz, René M. Tobin’s g, Corporate Diversifica- tion, and Firm Performance Lechene, Valérie. See Browning, Martin. Leeper, Eric M. See Gordon, David B. Levin, Dan. See Karni, Edi. Levin, Richard C. See Weiman, David F. Levitt, Steven D. Using Repeat Challengers to Estimate the Effect of Campaign Spending on Election Outcomes in the U.S. House Liu, Zhigiang. See Ehrlich, Isaac. Lutter, Randall. See Ehrlich, Isaac. MacDonald, Glenn M. See Jovanovic, Boyan. MacDonald, Glenn M. See Jovanovic, Boyan. INDEX TO VOLUME i02 Marshall, John M. See Garratt, Rod. Milgrom, Paul. Comparing Optima: Do Simplifying Assumptions Affect Conclusions? Milgrom, Paul. See Greif, Avner Mo, Pak Hung. See Suen, Wing. Mookherjee, Dilip, and Png, I. P. L. Marginal Deterrence in Enforcement of Law .. Murphy, Kevin M. See Rosen, Sherwin. Nelson, Julie A. On Testing for Full Insurance Using Consumer Expen- diture Survey Data Olds, Kelly. Privatizing the Church: Disestablishment in Connecticut and Massachusetts .... Parente, Stephen L., and Prescott, Edward C. Barriers to Technology Adoption and Development Paxson, Christina. See Deaton, Angus. Pencavel, John, and Craig, Ben. The Empirical Performance of Orthodox Models of the Firm: Conventional Firms and Worker Cooperatives Pfleiderer, Paul. See Admati, Anat R. Piette, Michael ]. See Laband, David N. Png, I. P. L. See Mookherjee, Dilip. Poterba, James M. State Responses to Fiscal Crises: The Effects of Bud- getary Institutions and Politics Prescott, Edward C. See Parente, Stephen L. Puelz, Robert, and Snow, Arthur. Evidence on Adverse Selection: Equilib- rium Signaling and Cross-Subsidization in the Ins irance Market Rose, Nancy L. See Borenstein, Severin. Rosen, Harvey S. See Holtz-Eakin, Douglas. Rosen, Sherwin; Murphy, Kevin M.; and Scheinkman, José A. Cattle Cycles Rosenzweig, Mark R. See Behrman, Jere R. Rotemberg, Julio J. Human Relations in the Workplace .... Scheinkman, José A. See Rosen, Sherwin. Shavell, Steven. See Kaplow, Louis. Smith, Vincent H. See Constantine, John H. Snow, Arthur. See Puelz, Robert. Stulz, René M. See Lang, Larry H. P. Suen, Wing, and Mo, Pak Hung. Simple Analytics of Productive Con- sumption Taubman, Paul. See Behrman, Jere R. Taylor, Alan M., and Williamson, Jeffrey G. Capital Flows to the New World as an Intergenerational Transfer Van Audenrode, Marc A. Short Time Compensation, Job Security, and Employment Contracts: Evidence from Selected OECD Countries Van Huyck, John B.; Cook, Joseph P.; and Battalio, Raymond C. Selection Dynamics, Asymptotic Stability, and Adaptive Behavior Wang, Jiang. A Model of Competitive Stock Trading Volume Weiman, David F., and Levin, Richard C. Preying for Monopoly? The Case of Southern Bell Telephone Company, 1894-1912 Weingast, Barry R. See Greif, Avner. Williamson, Jeffrey G. See Taylor, Alan M. Zechner, Josef. See Admati, Anat R. Zhang, Junsen. Bequest as a Public Good within Marriage: A Note 1298 JOURNAL OF POLITICAL ECONOMY Reviews Hamermesh, Daniel S. Labor Demand. By Ropert A. Hart Laffont, Jean-Jacques, and Tirole, Jean. A Theory of Incentives in Procure- ment and Regulation. By WILLIAM ROGERSON Quirk, James, and Fort, Rodney D. Pay Dirt: The Business of Professional Team Sports. By GERALD W. SCULLY Wilson, Robert B. Nonlinear Pricing. By RICHARD SCHMALENSEE THIS PERIODICAL MIGHT BE COPYRIGHTED, IN WHICH CASE THE CONTENTS REMAIN THE PROPERTY OF THE COPYRIGHT OWNER. THE MICROFORM EDITION IS REPRODUCED BY AGREEMENT WITH THE PUBLISHER. DUPLICATION OR RESALE WITHOUT PERMISSION IS PROHIBITED. UNIVERSITY MICROFILMS INTERNATIONAL ANN ARBOR, MICHIGAN