Details about Boyan Jovanovic

E-mail:
Homepage:	http://www.econ.nyu.edu/user/jovanovi/
Phone:	212 998-8953
Postal address:	Department of Economics NYU 269 Mercer St. NY NY 10003
Workplace:	Department of Economics, New York University, (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC)

Access statistics for papers by Boyan Jovanovic.

Last updated 2009-11-04. Update your information in the RePEc Author Service.

Short-id: pjo20

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Working Papers

2009

1. Extensive and Intensive Investment Over the Business Cycle
   Working Papers, Department of Economics, Vanderbilt University
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009)

2008

2. BUBBLES IN PRICES OF EXHAUSTIBLE RESOURCES
   Working Papers, American Association of Wine Economists View citations
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations
   Levine's Working Paper Archive, David K. Levine (2007) View citations
3. Specific Capital and Technological Variety
   NBER Working Papers, National Bureau of Economic Research, Inc
   See also Journal Article in Journal of Human Capital (2008)
4. When Should Firms Invest in Old Capital?
   NBER Working Papers, National Bureau of Economic Research, Inc
   See also Journal Article in International Journal of Economic Theory (2009)

2007

5. Investment Options and the Business Cycle
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in 2006 Meeting Papers, Society for Economic Dynamics (2006) View citations
6. Occupational Choice and Development
   NBER Working Papers, National Bureau of Economic Research, Inc
7. On the Return to Venture Capital
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
8. Optimal Migration: A World Perspective
   NBER Working Papers, National Bureau of Economic Research, Inc View citations

2006

9. Creative Destruction in Industries
   NBER Working Papers, National Bureau of Economic Research, Inc View citations

2005

10. General Purpose Technologies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in 2004 Meeting Papers, Society for Economic Dynamics (2004) View citations
    See also Chapter (2005)
11. The Product Cycle and Inequality
    2005 Meeting Papers, Society for Economic Dynamics
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations

2004

12. Asymmetric Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Review of Economic Studies (2006)
13. Interest Rates and Initial Public Offerings
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
14. Shakeouts and Market Crashes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in International Economic Review (2007)
15. The Pre-Producers
    2004 Meeting Papers, Society for Economic Dynamics View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations

2002

16. Bidder Discounts and Target Premia in Takeovers
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in American Economic Review (2004)
17. Mergers as Reallocation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in The Review of Economics and Statistics (2008)
18. Moore's Law and Learning-By-Doing
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Review of Economic Dynamics (2002)
19. The Q-Theory of Mergers
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in American Economic Review (2002)

2001

20. Liquidity Effects in the Bond Market
    Working Papers, Department of Economics, Vanderbilt University View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) View citations
    See also Journal Article in Economic Perspectives (2001)
21. Mergers and Technological Change: 1885-1998
    Working Papers, Department of Economics, Vanderbilt University View citations
22. Stock Markets in the New Economy
    Working Papers, Department of Economics, Vanderbilt University
23. Vintage Organization Capital
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Proceedings (2000)
24. Why Wait? A Century of Life Before IPO
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in American Economic Review (2001)

2000

25. Accounting for Growth
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations
    See also Chapter (2001)
26. Growth Theory
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
27. Technology and the Stock Market: 1885-1998
    Working Papers, Department of Economics, Vanderbilt University
28. The Electricity Revolution and the Stock Market, 1885-1928
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society
29. The Information Technology Revolution and the Stock Market: Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in American Economic Review (2001)

1999

30. The IT Revolution and the Stock Market
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1999) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations

1998

31. Inequality
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
32. Stock-Returns and Inflation in a Principal-Agent Economy
    Working Papers, C.V. Starr Center for Applied Economics, New York University
    See also Journal Article in Journal of Economic Theory (1998)
33. Vintage Capital and Equality
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations
    See also Journal Article in Review of Economic Dynamics (1998)

1997

34. Learning, Complementarities, and Asynchronous Use of Technology
    NBER Working Papers, National Bureau of Economic Research, Inc
35. Optimal Adoption of Complementary Technologies
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations
    See also Journal Article in American Economic Review (2000)
36. Solow vs. Solow: Machine Prices and Development
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1996

37. A CES Indirect Production Function
    Working Papers, C.V. Starr Center for Applied Economics, New York University
    Also in NBER Technical Working Papers, National Bureau of Economic Research, Inc (1995)
38. Contracts and Money
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1996) View citations
39. Inequality and stability
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations
    See also Journal Article in Annales d'Economie et de Statistique (1997)
40. Learning by Doing and the Choice of Technology
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1994)
    See also Journal Article in Econometrica (1996)
41. Research and Productivity
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995)
42. Stepping Stone Mobility
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) View citations
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1997)

1995

43. Learning and Growth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
44. Product innovation and the business cycle
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
    See also Journal Article in International Economic Review (1997)
45. Was the Great Depression a Low-Level Equilibrium?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1991) View citations
    See also Journal Article in European Economic Review (1994)

1994

46. Competitive Diffusion
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (1988) View citations
    Working Papers, C.V. Starr Center for Applied Economics, New York University (1988) View citations
    Working Papers, Rochester, Business - Financial Research and Policy Studies (1991) View citations
    See also Journal Article in Journal of Political Economy (1994)
47. The Bayesian Foundations of Learning by Doing
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations
48. The Life-Cycle of a Competitive Industry
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1993) View citations
    Working Papers, Rochester, Business - Financial Research and Policy Studies (1992) View citations
    See also Journal Article in Journal of Political Economy (1994)
49. The Transfer of Human Capital
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1994) View citations
    See also Journal Article in Journal of Economic Dynamics and Control (1995)

1993

50. Diffusion Lags and Aggregate Fluctuations. New Name: Product Innovation and the Business Cycle
    NBER Working Papers, National Bureau of Economic Research, Inc
51. The Diversification of Production
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations

1992

52. Asymmetric Information and the Excess Volatility of Stock Prices
    Working Papers, University of Iowa, Department of Economics
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1988)
    Working Papers, C.V. Starr Center for Applied Economics, New York University (1992)
    See also Journal Article in Economic Inquiry (1994)

1991

53. An Optimal Constitution in a Stochastic Environment
    Working Papers, C.V. Starr Center for Applied Economics, New York University
54. Coordination and Spillovers
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations
55. The Diffusion of Technology and Inequality Among Nations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1990) View citations

1990

56. An Estimate of a Sectoral Model of Labor Mobility
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1988)
    See also Journal Article in Journal of Political Economy (1990)
57. FINANCIAL DEVELOPMENT, GROWTH, AND THE DISTRIBUTION OF INCOME
    University of Western Ontario, The Centre for the Study of International Economic Relations Working Papers, University of Western Ontario, The Centre for the Study of International Economic Relations View citations
    Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (1988)
    NBER Working Papers, National Bureau of Economic Research, Inc (1989) View citations
    Working Papers, C.V. Starr Center for Applied Economics, New York University (1988)
    See also Journal Article in Journal of Political Economy (1990)
58. THE LIFE-CYCLE OF A COMPETITIVE INDUSTRY: THEORY AND MEASUREMENT
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)

1989

59. ENTRY AND EXIT IN PERFECT COMPETITION - PART I: THEORY
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)
60. Externalities and Growth Accounting
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in American Economic Review (1991)
61. GROWTH ACCOUNTING AND EXTERNALITIES
    Working Papers, C.V. Starr Center for Applied Economics, New York University

1988

62. ENTRY, EXIT, AND DIFFUSION WITH LEARNING BY DOING
    Working Papers, C.V. Starr Center for Applied Economics, New York University
    See also Journal Article in American Economic Review (1989)
63. OBSERVABLE IMPLICATIONS OF MODELS WITH MULTIPLE EQUILIBRIA
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations
    See also Journal Article in Econometrica (1989)

1987

64. Entrepreneurial Choice and Liquidity Constraints
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations
65. Long Waves and Short Waves: Growth Through Intensive and Extensive Search
    Working Papers, C.V. Starr Center for Applied Economics, New York University
    See also Journal Article in Econometrica (1990)

1986

66. Anonymous Sequential Games
    Working Papers, C.V. Starr Center for Applied Economics, New York University
    See also Journal Article in Journal of Mathematical Economics (1988)
67. Inference in Models With Multiple Equilibria
    Working Papers, C.V. Starr Center for Applied Economics, New York University
68. Micro Shocks and Aggregate Risks
    Working Papers, C.V. Starr Center for Applied Economics, New York University
    See also Journal Article in The Quarterly Journal of Economics (1987)
69. The Diffusion and Growth of Knowledge
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations

1985

70. A Foundation for Three Popular Assumptions in Job-Matching Models
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations
    See also Journal Article in Journal of Labor Economics (1985)
71. Aggregate Randomness in Large Noncooperative Games
    Working Papers, C.V. Starr Center for Applied Economics, New York University
72. Demand-Driven Innovation and Spatial Competition Over Time
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations
    See also Journal Article in Review of Economic Studies (1987)
73. The Efficiency of Search Under Competition and Monopsony
    Working Papers, C.V. Starr Center for Applied Economics, New York University
    See also Journal Article in Journal of Political Economy (1986)
74. The Role of Matching and Relative Demand Shocks in Generating Turnover
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations

1983

75. Heterogeneous Information and the Real Business Cycle: A Theoretical and Empirical Analysis
    Working Papers, C.V. Starr Center for Applied Economics, New York University
76. Micro Uncertainty, Fluctuations of Averages and the Efficiency of the Business Cycle in an Economy with Idiosyncratic Exchange
    Working Papers, C.V. Starr Center for Applied Economics, New York University
77. Persistent Differences in the Size of Firms, and Demand-Based Informational Scale-Economies
    Working Papers, C.V. Starr Center for Applied Economics, New York University
78. Work, Rest and Search: A Theoretical Analysis of the Cyclical Behavior of Unemployment
    Working Papers, C.V. Starr Center for Applied Economics, New York University

1982

79. Labor Mobility and Wages
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Chapter (1981)

1981

80. On Transactions and Precautionary Demand For Money
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in The Quarterly Journal of Economics (1980)

Journal Articles

2009

1. The Technology Cycle and Inequality
   Review of Economic Studies, 2009, 76, (2), 707-729 View citations
2. When should firms invest in old capital?
   International Journal of Economic Theory, 2009, 5, (1), 107-123
   See also Working Paper (2008)

2008

3. Mergers as Reallocation
   The Review of Economics and Statistics, 2008, 90, (4), 765-776 View citations
   See also Working Paper (2002)
4. Specific Capital and Technological Variety
   Journal of Human Capital, 2008, 2, (2), 129-152
   See also Working Paper (2008)

2007

5. SHAKEOUTS AND MARKET CRASHES
   International Economic Review, 2007, 48, (2), 385-420 View citations
   See also Working Paper (2004)

2006

6. Asymmetric Cycles
   Review of Economic Studies, 2006, 73, (1), 145-162 View citations
   See also Working Paper (2004)

2004

7. Bidder Discounts and Target Premia in Takeovers
   American Economic Review, 2004, 94, (1), 46-56 View citations
   See also Working Paper (2002)
8. Interest rates and the timing of new production
   Economic Perspectives, 2004, (Q IV), 2-11 View citations

2003

9. Two Technological Revolutions
   Journal of the European Economic Association, 2003, 1, (2-3), 419-428 View citations

2002

10. EconomicDynamics Interviews Boyan Jovanovic on Technology Adoption
    EconomicDynamics Newsletter, 2002, 4, (1)
11. Knowledge Spillovers and Inequality
    American Economic Review, 2002, 92, (5), 1290-1307 View citations
12. Moore's Law and Learning-By-Doing
    Review of Economic Dynamics, 2002, 5, (2), 346-375 View citations
    See also Working Paper (2002)
13. The Q-Theory of Mergers
    American Economic Review, 2002, 92, (2), 198-204 View citations
    See also Working Paper (2002)

2001

14. Fitness and Age: Review of Carroll and Hannan's Demography of Corporations and Industries
    Journal of Economic Literature, 2001, 39, (1), 105-119 View citations
15. Liquidity effects in the bond market
    Economic Perspectives, 2001, (Q IV), 17-35 View citations
    See also Working Paper (2001)
16. New Technology and the Small Firm
    Small Business Economics, 2001, 16, (1), 53-55 View citations
17. The Information-Technology Revolution and the Stock Market: Evidence
    American Economic Review, 2001, 91, (5), 1203-1220 View citations
    See also Working Paper (2000)
18. Why Wait? A Century of Life before IPO
    American Economic Review, 2001, 91, (2), 336-341 View citations
    See also Working Paper (2001)

2000

19. Optimal Adoption of Complementary Technologies
    American Economic Review, 2000, 90, (1), 15-29 View citations
    See also Working Paper (1997)
20. The information technology revolution and the stock market: preliminary evidence
    Proceedings, 2000, (Apr) View citations
21. Vintage organization capital
    Proceedings, 2000, (Apr) View citations
    See also Working Paper (2001)

1999

22. The Information-Technology Revolution and the Stock Market
    American Economic Review, 1999, 89, (2), 116-122 View citations

1998

23. Michael Gort's Contribution to Economics
    Review of Economic Dynamics, 1998, 1, (2), 327-337 View citations
24. Stock-Returns and Inflation in a Principal-Agent Economy
    Journal of Economic Theory, 1998, 82, (1), 223-247
    See also Working Paper (1998)
25. Vintage Capital and Inequality
    Review of Economic Dynamics, 1998, 1, (2), 497-530 View citations
    See also Working Paper (1998)

1997

26. Inequality and Stability
    Annales d'Economie et de Statistique, 1997, (48), 02
    See also Working Paper (1996)
27. Product Innovation and the Business Cycle
    International Economic Review, 1997, 38, (1), 3-22 View citations
    See also Working Paper (1995)
28. Stepping-stone mobility
    Carnegie-Rochester Conference Series on Public Policy, 1997, 46, (1), 289-325 View citations
    See also Working Paper (1996)

1996

29. Learning by Doing and the Choice of Technology
    Econometrica, 1996, 64, (6), 1299-1310 View citations
    See also Working Paper (1996)

1995

30. The transfer of human capital
    Journal of Economic Dynamics and Control, 1995, 19, (5-7), 1033-1064 View citations
    See also Working Paper (1994)

1994

31. Asymmetric Information and the Excess Volatility of Stock Prices
    Economic Inquiry, 1994, 32, (2), 228-35 View citations
    See also Working Paper (1992)
32. Competitive Diffusion
    Journal of Political Economy, 1994, 102, (1), 24-52 View citations
    See also Working Paper (1994)
33. Firm Formation with Heterogeneous Management and Labor Skills
    Small Business Economics, 1994, 6, (3), 185-91 View citations
34. The Life Cycle of a Competitive Industry
    Journal of Political Economy, 1994, 102, (2), 322-47 View citations
    See also Working Paper (1994)
35. Was the Great Depression a low-level equilibrium?
    European Economic Review, 1994, 38, (9), 1711-1729 View citations
    See also Working Paper (1995)

1993

36. Stock markets and development
    European Economic Review, 1993, 37, (2-3), 632-640 View citations

1991

37. Externalities and Growth Accounting
    American Economic Review, 1991, 81, (1), 82-113 View citations
    See also Working Paper (1989)

1990

38. An Estimate of a Sectoral Model of Labor Mobility
    Journal of Political Economy, 1990, 98, (4), 827-52 View citations
    See also Working Paper (1990)
39. Financial Development, Growth, and the Distribution of Income
    Journal of Political Economy, 1990, 98, (5), 1076-1107 View citations
    See also Working Paper (1990)
40. Long Waves and Short Waves: Growth through Intensive and Extensive Search
    Econometrica, 1990, 58, (6), 1391-1409 View citations
    See also Working Paper (1987)

1989

41. An Estimated Model of Entrepreneurial Choice under Liquidity Constraints
    Journal of Political Economy, 1989, 97, (4), 808-27 View citations
42. Entry, Exit, and Diffusion with Learning by Doing
    American Economic Review, 1989, 79, (4), 690-99 View citations
    See also Working Paper (1988)
43. Observable Implications of Models with Multiple Equilibria
    Econometrica, 1989, 57, (6), 1431-37 View citations
    See also Working Paper (1988)
44. The Growth and Diffusion of Knowledge
    Review of Economic Studies, 1989, 56, (4), 569-82 View citations

1988

45. Anonymous sequential games
    Journal of Mathematical Economics, 1988, 17, (1), 77-87 View citations
    See also Working Paper (1986)
46. Mismatch versus Derived-Demand Shift as Causes of Labour Mobility
    Review of Economic Studies, 1988, 55, (1), 169-75 View citations

1987

47. Demand-Driven Innovation and Spatial Competition over Time
    Review of Economic Studies, 1987, 54, (1), 63-72 View citations
    See also Working Paper (1985)
48. Micro Shocks and Aggregate Risk
    The Quarterly Journal of Economics, 1987, 102, (2), 395-409 View citations
    See also Working Paper (1986)
49. Work, Rest, and Search: Unemployment, Turnover, and the Cycle
    Journal of Labor Economics, 1987, 5, (2), 131-48 View citations

1986

50. The Efficiency of Search under Competition and Monopsony
    Journal of Political Economy, 1986, 94, (6), 1246-57 View citations
    See also Working Paper (1985)

1985

51. A Foundation for Three Popular Assumptions in Job-matching Models
    Journal of Labor Economics, 1985, 3, (4), 403-20 View citations
    See also Working Paper (1985)

1984

52. Matching, Turnover, and Unemployment
    Journal of Political Economy, 1984, 92, (1), 108-22 View citations

1983

53. A welfare analysis of unemployment insurance: Variations on second-best themes: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1983, 19, (1), 99-101

1982

54. Favorable Selection with Asymmetric Information
    The Quarterly Journal of Economics, 1982, 97, (3), 535-39
55. Inflation and Welfare in the Steady State
    Journal of Political Economy, 1982, 90, (3), 561-77 View citations
56. Selection and the Evolution of Industry
    Econometrica, 1982, 50, (3), 649-70 View citations
57. Truthful Disclosure of Information
    Bell Journal of Economics, 1982, 13, (1), 36-44 View citations

1981

58. Entry With Private Information
    Bell Journal of Economics, 1981, 12, (2), 649-660 View citations
59. Optimal International Reserves: A Stochastic Framework
    Economic Journal, 1981, 91, (362), 507-14 View citations

1980

60. On Transactions and Precautionary Demand for Money
    The Quarterly Journal of Economics, 1980, 95, (1), 25-43 View citations
    See also Working Paper (1981)

1979

61. Firm-specific Capital and Turnover
    Journal of Political Economy, 1979, 87, (6), 1246-60 View citations
62. Job Matching and the Theory of Turnover
    Journal of Political Economy, 1979, 87, (5), 972-90 View citations

Undated

63. Entry and Exit Echoes
    Review of Economic Dynamics
    See also Software Item (2009)

Chapters

2005

1. General Purpose Technologies
   Chapter 18 in Handbook of Economic Growth, 2005, vol. 1, Part B, pp 1181-1224 View citations
   See also Working Paper (2005)

2001

2. Accounting for Growth
   A chapter in New Developments in Productivity Analysis, 2001, pp 179-224 View citations
   See also Working Paper (2000)

1981

3. Labor Mobility and Wages
   A chapter in Studies in Labor Markets, 1981, pp 21-64 View citations
   See also Working Paper (1982)

Software Items

2009

1. Code and data files for "Entry and Exit Echoes"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics