The Review of Economics and Statistics 1991: Vol 73 Table of Contents

11 Pages·1991·3.6 MB·English

CONTENTS FOR VOLUME LXXIil
AUTHORS
Annonepen, Vaca. (See Comma, Cama C). .. ooo ko Sk ke RRS
AuDRETSCH, Davip B. New-Firm Survival and the Technological Regime ................ 441
Bascow, Dave. Cee Carre, Te. fs. os See et hh a ca ce ee 643
Dasa, TG. (Fee Pee, Fa eS i ko ik eee ee ES Se eee 725
BEARD, T. RANDOLPH, STEVEN B. CAUDILL, AND DANIEL M. Gropper. Finite Mixture Estima-
theass oF apes mt PO so 58 Sa io os ns be whe ee eee 654
BELMAN, DALE, AND JOHN S. HEyYwoop. Sheepskin Effects in the Returns to Education:
An Beaton of Women one Me 8. I ok ee a Bk ee Se 720
BELONGIA, MICHAEL T., AND K. ALEC CHrysTAL. An Admissible Monetary Aggregate for the
RS TO «og Sis obs ee Sie a Fe eh ee ein ce ee ee 497
BisHop, JOHN A., JOHN P. ForMBy, AND W. JAMEs SmiTH. Lorenz Dominance and Welfare:
Changes in the U.S. Distribution of Income, 1967-1986 .............cc. e.ee. e.e e 134
BLAu, Davin M., AND PHiip K. Rosins. Turnover in Child Care Arrangements,........... 152
BoEHM, THOMAS P., HENRY W. HERzoG, JR., AND ALAN M. SCHLOTTMANN. Intra-Urban
Miabeiiey, HEiration, aad Tome Cites. gg. 5 oo PE ces s 1S ee 59
BONHAM, CARL S., AND DouGtas C. Dacy. In Search of a “Strictly Rational” Forecast, ...... 245
BoscH, JEAN-CLAUDE, AND E. Wooprow EckArp. The Profitability of Price Fixing: Evidence
from Stock Market Reaction to Federal Indictments....................ccccccees 309
BossHARDT, WILLIAM. (See Watts, MICHAEL) .............. Nee Eg ees mee ae 336
BRADBURD, RALPH, THOMAS PUGEL, AND KATRINA PuGu. Internal Rent Capture and the
Pee I 5 Bh eis Fe oe oh es 0 5 SSS We rs 432
BROWNSTONE, DAviID, AND ARTHUR DE Vany. Zoning, Returns to Scale, and the Value of
Ries GA a so i Os Skis ode kw Cakes FRING bo 3 eee 699
BRYANT, PETER G., AND E. Wooprow EcKArD. Price-Fixing: The Probability of Getting
GE oink wn Ree Cues + «eee 6 oe iae sb bea eee Pe epee eae 531
BUMGARNER, Mary, JORGE MARTINEZ-VAZQUEZ, AND Davip L. Ssoqguist. Municipal Capital
Feee ee ee ee re ee 33
BuTLER, RICHARD J., AND JOHN D. WorRRALL. Gamma Duration Models with Heterogeneity... 161
CALEM, PAUL S., AND GERALD A. CARLINO. The Concentration/Conduct Relationship in Bank
ONE CI ta. ou wna oo ov ike sw ee eae dS Oi ea os bib 268
CaANOvVA, Fasio. An Empirical Analysis of Ex Ante Profits from Forward Speculation in
Pe OD 55k in a ee Es a eh a 489
CARGILL, THOMAS F., AND MICHAEL M. Hutcuison. Political Business Cycles with Endogenous
Election Timing: Evidence from Japan........ Me Gee hs oa egies Rea va Cea eee 733
Cama ten, Gams Ac Tae Tek, FI Be, oon Siw pcb seeded hae tT 268
CasE, BRADFORD, AND JOHN M. QuiGLey. The Dynamics of Real Estate Prices ............ 50
Caseons, Beaven, (et Geen, BAVA ee os eo oe ERs Un ee eR AO 85
Crrpas. Srawen Be toee Baas. 7. Cer). gos co os i ie i ko cb ak a wr wd iene) 654
Camus, Semwens i: Sie Gar Bae BD go ss ook ew ns HRA a ee 525
CAVALLUZZO, LINDA C. Nonpecuniary Rewards in the Workplace: Demand Estimates Using
SO a5 kik Se co Gh no PRR AR bw Ca Wks On 0 194559 AR 508
Copan. Gna, Sank: Ge mere, i cs oa wa wh ee ae ies oes 0 ek nni eee 401
CHONG, BENG Soon. The Effects of Interstate Banking on Commercial Banks’ Risk and
PO & \ osW ak occ kos eas he Rhee ss se een Oe Cee eee oa ae ee
764 THE REVIEW OF ECONOMICS AND STATISTICS
CHOUDHRY, TAUFIQ, ROBERT McNown, AND My Les WALLACE. Purchasing Power Parity and
ee eSae oa ea Med ne s 4a ce Spee s oe eee
rn Seems re Ce aaa Re abcwe bc ccc cseeweces
ee ee du weublcdewelUaeebweeeeeesws
Copy, BRIAN J., AND LEONARD O. Miiis. The Role of Commodity Prices in Formulating
I Aire ke rh Ue aaa g hea wild baa ieee ea
COOPERMAN, ELIZABETH S., WINSON B. LEE, AND JAMEs P. LESAGE. Geographical Integration
and the Retail CD-Pricing Decisions of Large Depository Institutions ................
COUGHLIN, CLETUs C., JosEPH V. TERZA, AND VACHIRA ARROMDEE. State Characteristics and
the Location of Foreign Direct Investment within the United States..................
Cox, RAYMOND A. K., AND KEE H. Cuuna. Patterns of Research Output and Author Concen-
eeeennr ny NII OI to rs. is Solwc bc caps ee bee cede cadavers
CRAIG, STEVEN G., JANET E. KOHLHASE, AND Davin H. PApELL. Chaos Theory and Microeco-
nomics: An Application to Model Specification and Hedonic Estimation ..............
CREEL, MICHAEL D., AND JOHN B. Loomis. Confidence Intervals for Welfare Measures with
Peer ot een Ge EVUNONIOG CORI eg oe. cc ewe Caw ce cee ete net
CUTHBERTSON, KEITH, AND DaAvip BarRLow. Disequilibrium, Buffer Stocks and Consumers’
eS0 on wi lain vida 5 oR Css & wid bo wre aka
Cen ce Ge GINO MOM), gs cc cd ebllv ce cc elsBbleds cewleecee’s
DE Groot, HANs, WALTER W. MCMAHON, AND J. FREDERICKS VOLKWEIN. The Cost Structure
a ne ee er ee ee ST ee
DE VANY, ARTHUR. (See BROWNSTONE, DAVID) .....00.. c.0cc.eec.eec.uce.eee.uee s
ers, Sree Oe, Se ADU, TOU WED gc sk oe ka ck ew eh aa cw bs
Disa, BEHZAD T., AND SEONGHWAN On. Money, Output, and the Expected Real Interest
BRS CCAD eye oFC OE MGN e et eeR e SERA BABE N ee ere Fan ee Oy Loge, ane
DIEBOLD, FRANCIS X., AND GLENN D. RupgeBuscn. Is Consumption Too Smooth? Long
ae eam i Ck wie owe 0 Siete Wid Obie wu ele woe we
DIONNE, GEORGES, AND PIERRE ST-MICHEL. Workers’ Compensation and Moral Hazard, .....
Dowpb, BRYAN, ROGER FELDMAN, STEVEN CASSOU, AND MICHAEL FINCH. Health Plan Choice
ee ee ees Gn es Cs NWN ik hee kee cunts ep ecccdlan
DUNNE, TIMOTHY, AND MARK J. RoBerts. The Duration of Employment Opportunities in U.S.
ae at re Oi me eS ee eee Poa Me kak wea vweret
nena eu, Acme I, PNR a sek Rs ck ete eek baa cc aeeceves
DutTkowsky, DONALD H., AND WILLIAM G. Foote. The Demand for Money: A Rational
I eSa wal ob w cde Kania eas MWS
pceame, &, Woomnow. (Gee Gavanr, ParenG.). i i cc cw ice we ewe cans
EcKARD, E. Wooprow. (See BoscH, JEAN-CLAUDE).....ce.c.e .ee.ee.ce.c.ee0ee0es
ENGELBRECHT, HANS-JURGEN. Information Services, Private Bureaucracies, and Japan’s Com-
ESE LI PE A RO, «5 Sao F OEE Se Oa ee
Evans, WILLIAM N., AND W. Kip Viscusi. Estimation of State-dependent Utility Functions
I sg re hea eu eae g Be vila be weeks
FALARIS, EVANGELOS M., AND H. ELIZABETH PETERS. Leveling the Peaks and Troughs of the
Demographic Cycle: An Application to School Enrollment Rates: AComment..........
FALLICK, BRUCE CHELIMSKy. Unemployment Insurance and the Rate of Reemployment of
I gh Bi as gy Silt is oA aie 6 hl KU ea okP k ole be 228
Farrow, Scott. Does Analysis Matter? Economics and Planning in the Department of the
es ee Peae assy Cle uw cc' s abuse hd wa DRE a
FELDMAN, RoGER. (See Dowp, BRYAN)
ees main. Ce ROPER, MRVADD en, ica ne cmc crsoevstdussadescevcs
FISHBACK, PRICE V., AND JOHN S. BASKIN. Narrowing the Black-White Gap in Child Literacy in
1910: The Roles of School Inputs and Family Inputs...................0c0eceeeee
CONTENTS FOR VOLUME LXXIII
Foor, Wass G. (Se: Duseowenr, Doswad 1) es ei eS
Pansy, dnete P. Cine Ces FOS Foi a os hae a a as We ie ee.
Fry, MAXWELL J., AND WILIMA WADHWA. The Demand for Money: A Rational Expectations
ROE oo i AB i COR ei aE ED 5 Be De ae
FUHRER, JEFFREY C., AND KENNETH J. WEILLER. A Multivariate Posterior Odds Approach to
Assessing Competing Exchange Rate Models... .. . 00. ec icine cc ccc av wes vawetaicwn
GALEOTTI, MARZIO, AND FABIO SCHIANTARELLI. Generalized Q Models for Investment ......
GEGAX, DOUGLAS, SHELBY GERKING, AND WILLIAM SCHULZE. Perceived Risk and the Marginal
i SO re ree ee an oe ahr a em ee i ME OE
Gurretean, Pasnasecs ©. (See Mammen, Watant Fd. ook ok a a eee
Gang, Semay.. (ane Gaean, Domaae . |. 6 fo eds oh ee
GHOSAL, VivEK. Demand Uncertainty and the Capital—Labor Ratio: Evidence from the U.S.
SRRNCIUIIN BOUIN os as ain 0 os ok vk eee ek AS so ee
GOoLLop, FRANK M., AND JAMES L. MONAHAN. A Generalized Index of Diversification: Trends
in SID, MOGITROIUIIE os. och ea ng bk whee babe ee ca ee
GRAY, WAYNE B., AND CAROL ADAIRE Jones. Are OSHA Health Inspections Effective?
A Longitudinal Study in the Manufacturing Sector ...................c0cceeceees
GREENE, WILLIAM H., AND TERRY G. SEAKsS. The Restricted Least Squares Estimator:
Pi Pe PR ek ix ne vas vak sca ek we cee eee
GREENWOOD, MICHAEL J., AND JOHN M. McDowev t. Differential Economic Opportunity,
Transferability of Skills, and Immigration to the United States and Canada ............
Geaortnn, Daten M.. (See Gea, T. Ranmoase) .. 2. oo a ee ee ee:
GRUBERT, HARRY, AND JOHN MutrTi. Taxes, Tariffs, and Transfer Pricing in Multinational
ee er re errr ee re peo ere
HALVoRSEN, RosertT. The Effects of Tax Policy on Investment in Agriculture .............
HAMLEN, WILLIAM A., JR. Superstardom in Popular Music: Empirical Evidence ,,..........
Masse, Laue, (ie Mhvewects, Tana Cl)... kh a. 6 ea eae
HAUSMAN, WILLIAM J., AND JOHN NEUFELD. Property Rights versus Public Spirit: Ownership
and Efficiency of U.S. Electric Utilities Prior to Rate-of-Return Regulation ............ 414
HEIEN DALE, AND CATHY DurRHAM. A Test of the Habit Formation Hypothesis Using House-
MUO AIO oS ne 0 Sx o bs RS ROR aR Ok ake cee Cee Ekin eee ee eee 189
HEIMLER, ALBERTO. Linkages and Vertical Integration in the Chinese Economy, ........... 261
ienere. Doon: Taecetien Wanton Ge oe DONNER 5 ok 6 oo Cb oka oko 0. ee clk es bh 140
Heazoo, Hunny W., in. (See Boma, Teoas PD... on ck ke ete caceuees 59
HMevrwoou, cu S: (lor Beata, DAG) ; ok ck nk cig ca cece ie belo NS cee ee 720
Hirscu, BARRY T. Union Coverage and Profitability among U.S. Firms .................. 69
HoFFMAN, DENNIS L., AND RoBertT H. RAscue. Long-run Income and Interest Elasticities of
bhomey Thommen Ge Gee Lied Dentee sw 5. sie ks as ha oe on sees ese 665
Houzer, HARRY J. Employment, Unemployment and Demand Shifts in Local Labor Market. . . 25
HuFFMAN, WALLACE E., AND STEPHANIE MERCIER. Joint Adoption of Microcomputer Tech-
nologies: An Analysis of Farmers’ Decisions... .. . 06 cc che cbcccevestnctudeds 541
HuTCHISON, MICHAEL M. (See CARGILL, THOMAS F.) .....cec.e c.ece. ce.e ee.e e.eee es 733
Daa, Da... Ce a sk, hve o's pS s Shaws cabin tee eee 694
JANSEN, DENNIS W., AND CASPER G. DE Vrigs. On the Frequency of Large Stock Returns:
Putting Booms and Busts into Perspective ... 0.0... 0. eee ee eee 18
Soo: Canes Aas, Gone aa, Weare BS gk ooh i bn oe eh oo hen ee 504
KAHN, SHULAMIT, AND Kevin Lana. The Effect of Hours Constraints on Labor Supply
SN 5k 6 hee vies. COW NUS 6 o's 0% 5 oa ee Oe ak ee nd ical aes Ga
KaNDIL, MAGDA. Variations in the Response of Real Output to Aggregate Demand Shocks:
A Coes R55 os OBS EKG os 6 5 Te COR Bess 0 8S ES
KARLSON, STEPHEN H. (See BUMGARNER, MARY) .....0.00 c.c ec.e e.ect. ee .eee.eee es
766 THE REVIEW OF ECONOMICS AND STATISTICS
ee chee Salata «
Kim, YoOonBAI. External Adjustments and Exchange Rate Flexibility: Some Evidence from U.S.
NE ee Ss ge, ES Sn ae tee wk ck dale ees 6 pM ae Slee oo e8lb new a
KoGut, BRUCE, AND SEA JIN CHANG. Technological Capabilities and Japanese Foreign Direct
a eg 2 lS ag wie fay Qn N NG 0 5'6 3 08 whe. RN
en, Se Oa, OY RAE, CUO I ak i ne cc blaeneeuewoeeewewes
KRAFT, KORNELIUS. The Incentive Effects of Dismissals, Efficiency Wages, Piece Rates and
ER ag a eh a was ee we Wie EW Oe wee cet lew s
Se a SU, DR i anc hn caee odes nkaas nlaadee
LANKFORD, R. HAMILTON, AND JAMES H. Wyckorr. Modeling Charitable Giving Using a
a rg Se bain dW bbe wv ale sib wae eke aD
a, See, Cee Ge WEeORNEEY CE SUNEES Sd tk cc ehh w ech cca acvcvecees
a ores an, Gee w«e reapmnease Pieseamere 6.) kk kkk. cc ew www eke c cec kaeiebuar
ei,Mas (aS MO N eelkie wee 65 ve ck obs
NN EE 8 eeeee ee ee
Lewis, KENNETH A., AND LAURENCE S. SEIDMAN. The Quantitative Consequences of Raising
RRR EE a A ARES Sa SOUS. Ae aa OR CORr t kG re 471
Lona, JAmMes E., AND STEVEN B. CAurDILL. The Impact of Participation in Intercollegiate
I PeNe Res he ee
MACDONALD, RONALD, AND MARK P. TayLor. Exchange Rates, Policy Convergence, and the
ie i aa ad dis eas w te VMAS be Kate eERK bane
MARQUEZ, JAIME. The Dynamics of Uncertainty or the Uncertainty of Dynamics: Stochastic
I he a a ene a pom a gta. 5 yy wean,
MARTINEZ-VAZQUEZ, JORGE. (See BUMGARNER, MARY) .............0cccccccccceeees
McDoweELL, JOHN M. (See GREENWOOD, MICHAEL J.) .......cc .ccc. ce.e .eee.eeceaa e
perce, eanvem Ww. (Ser oe Geoor, Fiane) ... wc cc ccc wc pwc cccecccees
puceveeeee, seummnr. (See Cosowoemy, TAUPO)... 6 ic ci case ccc ck wb eeccivsccees
MEGNA, PAMELA, AND DENNIS C. MUELLER. Profit Rates and Intangible Capital............
Mencien, Srepuante. (See Hurrman, WAuLAcE E.)....... 5. ccc cc cmc e cc eee
es ene er CN, DN Va ware ba ae 60 wWihlbe ec eles Oban.
Senne, RRND Gs, Ce COORECOP, PAE DO 8. kein kk. occ cc dies be cece eeeeees
MUELLER, Dennis C. (See MEGNA, PAMELA) ......ccc. ce.ce .cee. ccc.eee.ece.uue s
MUELLER, WILLARD F., AND FREDERICK E. GEITHMAN. An Empirical Test of the Free Rider
a ai a dp bake cma ah ieee + ule Kw x Gaye os
Murpocu, JAMEs C., Topp SANDLER, AND LAURNA HANSEN. An Econometric Technique for
Comparing Median Voter and Oligarchy Choice Models of Collective Action: The Case of
Nee i Ck oie a a dds «ati Rah Se
re ae PkVelen ew abcd e vende dbeseece's
SE EE Ge era en ee ee ee
rey ne. See COUR, POURS) TP kv ews cbc cclbwedseguecsbueecs
OHANIAN, LEE E. A Note on Spurious Inference in a Linearly Detrended Vector Auto-
aR el ey awe oa
OKAMURA, Minoru. Estimating the Impact of the Soviet Union’s Threat on the United
States—Japan Alliance: A Demand System Approach .................000eeeeeees
PALMQUIST, RAYMOND B. (See SmitH, V. KERRY)... ....0.0 c.ece .cece .eee .eene eas
ec me, CO CE I ok ab hee o bina c cee cwewae cacWewees
PARK, TimotTHy. Double Length Regressions for Testing the Box-Cox Difference Trans-
a a a eewal e gb is ard a ww se
PARSONS, DONALD O. The Job Search Behavior of Employed Youth ....................
PESARAN, M. HAsHem. Costly Adjustment Under Rational Expectations: A Generalization , . , .
CONTENTS FOR VOLUME LXXIII 767
Peruns, H..E.szabern.. (See Fan ane, Gvanomoe MM)... ..... 6 iin ah oe he 572
Pune, Tokens. Co Bias, TAL eas Sa PR eee 432
Premeeie, SiA CUA.. ine I, ok ho ok Se ro awe eee os ae ee 432
Chncaiy, Soene M.. 5ep Cok: BA. ©. ns ae i oi aa eK ee BSL 50
Rascem, Ronenr 1. Cope tinereein, Denne £3 oo i han ok i ee BW a RS 665
REBITZER, JAMES B., AND MICHAEL D. RosBINson. Employer Size and Dual Labor Markets .... 710
Moennve, Wises 5. (See eee, TOMES oo bk as hs ook ee Fae ee a 216
meen, Pout T. Clee is, DA ad a RRS Vi see 152
RoBINSON, MICHAEL D. (See REBITZER, JAMES B.)...2..... .ee. ee. ee. ee Pre eas 710
RossiTER, ROSEMARY. The Demand for Money: A _ Rational Expectations Approach:
FES i. aii sak oS ok + ee a OS ae 8sR E as a a ee 749
Rusesecs, Gunet D. (hee Dimenem, Puanos M.). . O e ee aee 1
RUHM, CHRISTOPHER J. Displacement Induced Joblessness ..........- Ot pe ae ae ee 517
Sanne, Toon. (or Meoon, Sie). ns sn i ais is a 624
Sass, Tim R., AND J. PAuL LeiGH. The Market for Safety Regulation and the Effect of
Regulation on Fatalities: The Case of Motorcycle Laws..................0ccceeeee 167
Soaanranens, Fama. (Ge Ganon, MARIO)... ok oo co Re ee 383
SCHLOTIMANM, Aran MM. (Soe Bowie, Tras Po) go. as ae od ae 59
SCHMIDT, CHRISTOPH M., AND KLAus F. ZIMMERMANN. Work Characteristics, Firm Size and
WO ack een okies hi oe eo kk eee he ek Ps eo eee 705
Scene, Wass, Cee SA, ena, 8 ek. eee Pe eee 589
SCHUMACHER, UTe. Buyer Structure and Seller Performance in U.S. Manufacturing Industries , 277
einen, Faeyr Gi, Ce eR, PN ns ow Cats ces 0 8 Eee bho ke 1 ee 558
Seunesan Laummece . Ciao Lowen, Brae A) cc occ knc en ihc ikw in cn he cc nnn cdtatr de 471
SELVANATHAN, SAROJA. The Reliability of ML Estimators of Systems of Demand Equations:
SPS TRE ee CI ok on ns bac ctle clades OebA Mi ede Las cee 346
SHIELLS, CLINTON R. Errors in Import-Demand Estimates Based Upon Unit-Value Indexes ... 378
SICHEL, DANIEL E. Business Cycle Duration Dependence: A Parametric Approach ,......... 254
Seontner, Dawe 4. 4iee Dunn, BAe? eos. co eas oes Cee a 33
SLOTTJE, DANIEL J. Measuring the Quality of Life Across Countries,.................06- 684
SmitH, V. Kerry, RAYMOND B. PALMQUIST, AND PAUL JAKus. Combining Farrell Frontier and
Hedonic Travel Cost Models for Valuing Estuarine Quality....................00-- 694
Suarrit, W. Tenens. Ce Te, GEE oso hs Re he 3 a ee ea 134
SmyYTH, DAvip J., AND STEPHEN H. Karson. The Effect of Fringe Benefits on Employment
Fluctuations in U.S. Automobile Manufacturing. ..................cccceeeceeees 40
ST-MICHEL, PIERRE. (See DIONNE, GEORGES)... . 0.0.0... ccc cece ec cee cece eeeeeees 236
STANLEY, LINDA R., AND JOHN TSCHIRHART. Hedonic Prices for a Nondurable Good: The Case
EE RIOD Sn ess ov mn ck Ka dks 408 ee Ow we ee 537
Tava, Bae PCE Pra, Bs oi i. a Rink hoe ee ce ee 553
Teena; aoe S.. 4 Cs, COs os kh a osS aabs ke ee 675
TRANDEL, GREGORY A. The Bias Due to Omitting Quality When Estimating Automobile
ROU a OS ss Sak «ed cae a Pk ee A ee ee ee 522
Tiscepenner, Deas. 4B ow Deana, Ca iia ois bo vive ad a eS ce ee ee 537
VAN OpHeM, Hans. Wages, Nonwage Job Characteristics and the Search Behavior of
I So 8 io sh cs oS nt RN Eis a ec A ee ae 145
Viscusi, W. Kip. Age Variations in Risk Perceptions and Smoking Decisions .............. 577
Vance. Mae Cie Te, WD kk 6 va hk bere a oe ee eo nhs eee 94
Vo ikwein, J. Frepericxs. (See pe Groot, HANS)... ..... ccc ccc ecw ccc cece wteews 424
WACHTER, MICHAEL L., AND WILLIAM L. WASCHER. Leveling the Peaks and Troughs of the
Demographic Cycle: An Application to School Enrollment Rates: A Reply............. 575
Wasa, Wea: Cae Pe, Seams BD eo i mh CR a ee RRO 747
768 THE REVIEW OF ECONOMICS AND STATISTICS
ee, Svan, See CUMMNOONY, TAAMOOE oie ik adS sc pw he cd bacbacecdseces
WARREN, RONALD §S., Jr. The Estimation of Frictional Unemployment: A Stochastic Frontier
ak ee ea ea, ipl Calg 6 Hb ecb aw ee 4's 2% eis 373
Seamreeen, Wreasam L. Chee Wacerrenm, MecetAes LD. . |. . oc ccc cc ccc ke kcceceacaccns 575
Watts, MICHAEL, AND WILLIAM BossHARDT. How Instructors Make a Difference: Panel Data
Estimates from Principles of Economics Courses .............cccccccccccvceceves 336
ee, eens Cee WO SU ls bbs kw dlc le cbc 6 oc eels ewees 113
WILLIAMs, NicoLas. Reexamining the Wage, Tenure and Experience Relationship .......... 512
WINEGARDEN C. R., AND LAY Boon KuHor. Undocumented Immigration and Unemployment of
U.S. Youth and Minority Workers: Econometric Evidence ....................000. 105
es See, A SUE, POOR En dg cece udu bad bamuleacenecevaes 161
WyckorFr, PAuL Gary. Testing Bureaucratic Influence on Local School Expenditures by
venUnn UNEWOY OND RDOUNUNOUNG EPUURS . wok cde ee wmunee nee berecuns 331
Wroworr, Janes FH. (See Lannrponn, R. HAMILTON) ..... , . g ock cc mc cece ene ehanmees 460
YAMAWAKI, HipeEki. Exports and Foreign Distributional Activities: Evidence on Japanese Firms
I Soo er Cr eae yk on te a Cala Sl ede aut vee 4 294
YUHN, Ky-HYANG. Economic Growth, Technical Change Biases, and the Elasticity of Substitu-
Gees ae eee ee Cee Ce Oh rare PIO, ggg gg nk ek eh hc cl ccc es obw le wmeer 340
Sen URE ns OP MR, NOUOIAR WED 8 ak cc ob Oe vba ce eee wen aces 185
ZIMMERMANN, KLAus F. (See SCHMIDT, CHRISTOPH M.) .....2.. cc. ec. ce .ee e.e e.e e e 705
ZUEHLKE, THOMAS W., AND ALLEN R. ZEMAN. A Comparison of Two-Stage Estimators of
Censored Regression Models 185
TITLES
An Admissible Monetary Aggregate for the United Kingdom. By Michael T. Belongia and
IRE BR As “SRE oP RGA cS eR RIN A a
Age Variations in Risk Perceptions and Smoking Decisions. By W. Kip Viscusi,............
Are OSHA Health Inspections Effective? A Longitudinal Study in the Manufacturing Sector.
ee Sea SO NE ©I I I i. co Sank ka bac cbewecwetceeee
The Bias Due to Omitting Quality When Estimating Automobile Demand. By Gregory A.
a BERIT SEGRE SHRI STR RIEN h y TES tag Seg eae: I ERD. 5 th ee a
Business Cycle Duration Dependence: A Parametric Approach. By Daniel E. Sichel.........
Buyer Structure and Seller Performance in U.S. Manufacturing Industries. By Ute Schumacher .
Chaos Theory and Microeconomics: An Application to Model Specification and Hedonic
Estimation. By Steven G. Craig, Janet Kohlhase and David H. Pappell ...............
Combining Farrell Frontier and Hedonic Travel Cost Models for Valuing Estuarine Quality. By
V. Kerry Smith, Raymond B. Palmquist, and Paul Jakus ......................000%
A Comparison of Two-Stage Estimators of Censored Regression Models. By Thomas W.
EE DEI eT EST OT OAL PR PR A ee
The Concentration/Conduct Relationship in Bank Deposit Markets. By Paul S. Calem and
I ee a pie a ad ky WRN wk Ad p Boe Wie we
Confidence Intervals for Welfare Measures with Application to a Problem of Truncated Counts.
by Pamcnae! DD. Creel and John B. Loomis... 2... wtcc cece r ece aut eeses
The Cost Structure of American Research Universities. By Hans De Groot, Walter W.
penn, MIME. PROUUNNED VOUNIVOMD Sk ct cw tetas ete nwenescensens
Costly Adjustment Under Rational Expectations: A Generalization. By M. Hashem Pesaran ., .
Demand Uncertainty and the Capital-Labor Ratio: Evidence from the U.S. Manufacturing
eSi wanka Oa sale he becca aes
The Demand for Money: A Rational Expectations Approach: A Comment. By Maxwell J. Fry
and Wilima Wadhwa
CONTENTS FOR VOLUME LXXIiIl 769
The Demand for Money: A Rational Expectations Approach: A Comment. By Rosemary
PIG isv nc 6 on hen xncd HS CSS Oka ck ke cee ee eee 749
The Demand for Money: A Rational Expectations Approach: A Reply. By Donald H. Dutkowsky
Oh NESE: TO gs ia og ER SS Ua RA a ea 752
Differential Economic Opportunity, Transferability of Skills, and Immigration to the United
States and Canada. By Michael J. Greenwood and John M. McDowell ............... 612
Disequilibrium, Buffer Stocks and Consumers’ Expenditure on Non-Durables. By Keith
COOL GUNS TIONED MUON sis Es BN x Ce bo ele ORR ee eo 643
Displacement Induced Joblessness. By Christopher J. Ruhm ....................00e00% 517
Does Analysis Matter?. Economics and Planning in the Department of the Interior. By Scott
PO 2h be ea add Sag Oe oe CEG 4 3 BERS Od ee eee be eee 172
POU 5s eve ba POWs & oo ote we lee OR be be DOs CE Oe ees cal eee eee ee 181
The Duration of Employment Opportunities in U.S. Manufacturing. By Timothy Dunne and
Cs i iv on CORRS ees VEE. cee BAL oo sk ee 216
The Dynamics of Real Estate Prices. By Bradford Case and John M. Quigley.............. 50
The Dynamics of Uncertainty or the Uncertainty of Dynamics: Stochastic J-Curves. By Jaime
PE is os Sa oe 6 Salbe bs pall ecb bles eek bo a Le ee eee 125
Economic Growth, Technical Change Biases, and the Elasticity of Substitution: A Test of the
de la Grandville Hypothesis. By Ky-hyang Yuhn ......0.0..0..0 .ccc. uc.eee.eue s 340
An Econometric Technique for Comparing Median Voter and Oligarchy Choice Models of
Collective Action: The Case of the NATO Alliance. By James C. Murdoch, Todd Sandler,
GE TENOR ck hai va Re sh Rei i ee Oe eee 624
Eoucation Masten ead Job Nintch. By Jami Perak... .. 2... oe ee aa i eS 140
The Effect of Fringe Benefits on Employment Fluctuations in U.S. Automobile Manufacturing.
ey ced 5. Sage aks GenpaA ke ee 40
The Effects of Interstate Banking on Commercial Banks’ Risk and Profitability. By Beng Soon
2 ere Per Cie Me ee ONE Ge im ae Sh Re Ae iS ae 78
The Effects of Tax Policy on Investment in Agriculture. By Robert Halvorsen, ............. 393
The Effect of Hours Constraints on Labor Supply Estimates. By Shulamit Kahn and Kevin
GOI. ois Fas ele 45: Raa 8 es ok ee 2 eee 605
An Empirical Test of the Free Rider and Market Power Hypotheses. By Willard F. Mueller and
POeere ie. CN so, Si ets cee FsR eels eal lo ake eee ees 301
An Empirical Analysis of Ex Ante Profits from Forward Speculation in Foreign Exchange
neater Ee eS ES ea EE a ee 489
Employer Size and Dual Labor Markets. By James B. Rebitzer and Michael D. Robinson ..... 710
Employment, Unemployment and Demand Shifts in Local Labor Markets. By Harry J. Holzer. .
Errors in Import-Demand Estimates Based Upon Unit-Value Indexes. By Clinton R. Shiells . . . 378
Estimating the Impact of the Soviet Union’s Threat on the United States—Japan Alliance. By
PEN SI ain | o's. PRS Polack caeaee bao o's tS soe oe Oat ce en ee
Estimation of State-dependent Utility Functions Using Survey Data. By William N. Evans and
Wer ee VOL. so kiss co Wid ae ao oe REN 4 Alb wa be ec oe 1d 1 oe Ceo eae
The Estimation of Frictional Unemployment: A Stochastic Frontier Approach. By Ronald S.
IN i siiitia sok oi a seins 0 ee i ee ee eae ee
Exchange Rates, Policy Convergence, and the European Monetary System. By Ronald
PRGE A E TAe 5k ak 2 ons Cbs Cae ee buns <a rae
Exports and Foreign Distributional Activities: Evidence on Japanese Firms in the United States.
SEP eee INE ok 5.d's: 5 Sie 6.0 05-0 Phe + ea ho OE RS oe eee bee ee
External Adjustments and Exchange Rate Flexibility: Some Evidence from U.S. Data. By
TON 5 bak oe eae Fe ae A A is aR ee
Finite Mixture Estimation of Multiproduct Cost Functions. By T. Randolph Beard, Steven B.
eee Ce ree Pe, I ig i ss a os ee so ee ee eee
770 THE REVIEW OF ECONOMICS AND STATISTICS
On the Frequency of Large Stock Returns: Putting Booms and Busts into Perspective. By David
a akspea de Ske ce ase veee eae
Gamma Duration Models with Heterogeneity. By Richard J. Butler and John D. Worrall .....
A Generalized Index of Diversification: Trends in U.S. Manufacturing. By Frank M. Gollop and
a sake We ait A ls aa ih a Wk a ew balk eee eee
Generalized Q Models for Investment. By Marzio Galeotti and Fabio Schiantarelli,.........
Geographical Integration and the Retail CD-Pricing Decisions of Large Depository Institutions.
By Elizabeth S. Cooperman, Winson B. Lee and James P. Lesage ...................
Health Plan Choice and the Utilization of Health Care Services. By Bryan Dowd, Roger
Feldman, Steven Cassou, and Michacl Finch ... 0)... etterec e e nes
Hedonic Prices for a Nondurable Good: The Case of Breakfast Cereals. By Linda R. Stanley
a ce Ne Se a aS oo 5 «bes oe 4090 ees
How Instructors Make a Difference: Panel Data Estimates from Principles of Economics
Courses. By Michael Watts and William Bosshardt .................ccccceeeeeee
The Impact of Participation in Intercollegiate Athletics on Income and Graduation. By James
ad a at eed ea oblate se
In Search of a “Strictly Rational” Forecast. By Carl S. Bonham and Douglas C. Dacy ........
The Incentive Effects of Dismissals, Efficiency Wages, Piece Rates and Profit Sharing. By
I el i ee 2a ei es abe Vee wee WA OOo Oh ewes
Information Services, Private Bureaucracies, and Japan’s Comparative Advantage. By
I se os Sey 5 5 suai SV lk i we aco Selb 3
Internal Rent Capture and the Profit-Concentration Relation. By Ralph Bradburd, Thomas
a gere eies ake tins we s ea aW ie kee bbe 8
Intra-Urban Mobility, Migration, and Tenure Choice. By Thomas P. Boehm, Henry W. Herzog,
a. i ee | eh alk SV ERGs bowie Bebe
Is Consumption Too Smooth: Long Memory and the Deaton Paradox. By Francis X. Diebold
I ee ae ae Vee whe ee bee 8
The Job Search Behavior of Employed Youth. By Donald O. Parsons ...................
Joint Adoption of Microcomputer Technologies: An Analysis of Farmers’ Decisions. By Wallace
en NE aisea deed eseac vcdbeescnesve
Leveling the Peaks and Troughs of the Demographic Cycle: An Application to School Enroll-
ment Rates: A Comment. By Evangelos M. Falaris and H. Elizabeth Peters............
Leveling the Peaks and Troughs of the Demographic Cycle: An Application to School Enroll-
ment Rates: A Reply. By William L. Wachter and William L. Wascher ...............
Linkages and Vertical Integration in the Chinese Economy. By Alberto Heimler............
Long-run Income and Interest Elasticities of Money Demand in the United States. By Dennis
pe a US WE UI Cc eae a ees ecb a c bie eee wec eaveaes 665
Lorenz Dominance and Welfare: Changes in the U.S. Distribution of Income, 1967-1986. By
John A. Bishop, John P. Formby, and W. James Smith .....................00eeee 134
The Market for Safety Regulation and the Effect of Regulation on Fatalities: The Case of
Motorcycle Helmet Laws. By Tim R. Sass and J. Paul Leigh ....................... 167
Measuring the Quality of Life Across Countries. By Daniel J. Slottie .................... 684
Modeling Charitable Giving Using a Box-Cox Standard Tobit Model. By R. Hamilton Lankford
I SS dg Des SS ee ae od a.i ias'a 9 oo Sib alegeaca ee wea ee 460
Money, Output, and the Expected Real Interest Rate. By Behzad T. Diba and Seonghwan Oh . 10
A Multivariate Posterior Odds Approach to Assessing Competing Exchange Rate Models. By
sotivey C. Pubror and Renneth J. Weiler... wec cc ee cece ees 113
Municipal Capital Maintenance and Fiscal Distress. By Mary Bumgarner, Jorge Martinez-
nn I hs I a eS We aus lee e eee 's 33
Narrowing the Black-White Gap in Child Literacy in 1910: The Roles of School Inputs and
Family Inputs. By Price V. Fishback and John S. Baskin. ................ 0.000000
CONTENTS FOR VOLUME LXXiIil
New-Firm Survival and the Technological Regime. By David B. Audretsch,...............
Nonpecuniary Rewards in the Workplace: Demand Estimates Using Quasi-Market Data. By
ee CC os PS ho ke a a PR eee eee
OPIN ia on ees ecu 40% wlio ek Beek Cd ee a a ee
Patterns of Research Output and Author Concentration in the Economics Literature. By
wapeneued A. Ki. Coe amt Gane Oe. Co ko hid ck ocak o oka eee ae
Perceived Risk and the Marginal Value of Safety. By Douglas Gegax, Shelby Gerking, and
Te ee eh Se mr een nS A 5 om
Political Business Cycles with Endogenous Election Timing: Evidence from Japan. By Thomas
F. Camel one AGicionel BA, Dn go. hs sk 6 ch a
Price Fixing: The Probability of Getting Caught. By Peter G. Bryant and E. Woodrow Eckard , .
The Profitability of Price Fixing: Evidence from Stock Market Reaction to Federal Indictments.
By Jean-Claude Boech and E. Woodrow Eckard. Ir:... . . os oo. oc kk ck oe hv kes
Profit Rates and Intangible Capital. By Pamela Megna and Dennis C. Mueller .............
Property Rights versus Public Spirit: Ownership and Efficiency of U.S. Electric Utilities Prior to
Rate-of-Return Regulation. By William J. Hausman and John L. Neufeld .............
Purchasing Power Parity and the Canadian Float in the 1950s. By Taufiq Choudhry, Robert
McNown, and Myles Wallace .... . Ge kalba d Ch Cie ee LL ee
The Quantitative Consequences of Raising the U.S. Saving Rate. By Kenneth A. Lewis and
REGIS Te INO a 5k vee SS eis ba dacs Obs kia ee eee
On the Rationality of Forecasts. By Bong-Soo Lee ...... wc. cc ccc cc crc cc cece sees
Reexamining the Wage, Tenure and Experience Relationship. By Nicolas Williams, .........
The Reliability of ML Estimators of Systems of Demand Equations: Evidence from OECD
Coenen. i Sere TI ois once Rbk a oe 600k SE es
The Restricted Least Squares Estimator: A Pedagogical Note. By William H. Greene and Terry
Ps UN ho bwin 6 tia so had a as Ve md aw 1s se 0 a ee 563
The Role of Commodity Prices in Formulating Monetary Policy. By Brian J. Cody and Leonard
aia eA eo 0 A RP ERS 4 EA a a
Sheepskin Effects in the Returns to Education: An Examination of Women and Minorities. By
Crees pean ane SONNE, OOS oa ass 2 ie ks ee eee
State Characteristics and the Location of Foreign Direct Investment within the United States.
By Cletus C. Coughlin, Joseph V. Terza, and Vachira Arromdee .................... 675
Superstardom in Popular Music: Empirical Evidence. By William A. Hamlen, Jr. ........... 729
Taxes, Tariffs and Transfer Pricing in Multinational Corporate Decision Making. By Harry
SPE EE I POI ok ko hie ke eS es oo Bae aE ie 1 ee 285
Technological Capabilities and Japanese Foreign Direct Investment in the United States. By
ea Sanat NE TO TO ik ko ie 0 bs ee Nie Ee poh ee has eee 401
A Test of the Habit Formation Hypothesis Using Household Data. By Dale Heien and Cathy
SN Sioa a as iia & do EEN Och es ce ee bine ks oe ee ee 189
Testing Bureaucratic Influence on Local School Expenditures by Comparing Survey and Expen-
Gaara Ehte. iy Pal Chay We sok ao as ie hin ee AR re ee ea ae 331
Turnover in Child Care Arrangements. By David M. Blau and Philip K. Robins ............ 152
Undocumented Immigration and Unemployment of U.S. Youth and Minority Workers: Econo-
metric Evidence. By C. R. Winegarden and Lay Boon Khor ....................... 105
Unemployment Insurance and the Rate of Re-employment of Displaced Workers. By Bruce
SOU SUI 6a ois PR as cM ohn hich a a's Redd RO kam eaei ke) 4ee 7 eeee 228
Union Coverage and Profitability among U.S. Firms. By Barry T. Hirsch ................. 69
Variations in the Response of Real Output to Aggregate Demand Shocks: A Cross-Industry
Se: Te TEE i Se an de OR TO
772 THE REVIEW OF ECONOMICS AND STATISTICS
Wages, Nonwage Job Characteristics and the Search Behavior of Employees. By Hans
van Ophem
Work Characteristics, Firm Size and Wages. By Chrisoph M. Schmidt and Klaus F. Zimmer-
Workers’ Compensation and Moral Hazard. By Georges Dionne and Pierre St-Michel
Zoning, Returns to Scale, and the Value of Undeveloped Land. By David Brownstone and
Arthur De Vany