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American Economic Review
1969 - 2013
Edited by Pinelopi Koujianou Goldberg
from American Economic Association EDIRC .
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Volume 68, issue 6 , 1978
The Age of Substitutability pp. 1-11 H E Goeller and Alvin M Weinberg An Opponent-Process Theory of Motivation pp. 12-24 Richard L Solomon and John D Corbit Volume 68, issue 5 , 1978
A Model of the Southern African-Type Economy pp. 743-55 Richard C Porter Optimal Tax Schedules and Rates: Mirrlees and Ramsey pp. 756-68 Robert D Cooter Fixed Rules vs. Activism in the Conduct of Monetary Policy pp. 769-83 Roger Craine , Arthur Havenner and James Berry Factor Abundance and Comparative Advantage pp. 784-800 Jon P Harkness Anticipated Inflation and Interest Rates: Further Interpretation of Findings on the Fisher Equation pp. 801-12 Maurice David Levi and John H Makin A Calculus Approach to the Theory of the Core of an Exchange Economy pp. 813-20 Leif Johansen Inflation, Hedging, and the Demand for Money pp. 821-33 C F J Boonekamp The Effect of Unemployment Insurance on Temporary Layoff Unemployment pp. 834-46 Martin S. Feldstein Rural Wages, Labor Supply, and Land Reform: A Theoretical and Empirical Analysis pp. 847-61 Mark R. Rosenzweig Time in School: The Case of the Prudent Patron pp. 862-72 Thomas Johnson The Estimation of Labor Supply Models Using Experimental Data pp. 873-87 Keeley, Michael C, et al Public Utility Pricing under Risk: The Case of Self-Rationing pp. 888-95 John C Panzar and David S Sibley A Generalized Model of Spatial Competition pp. 896-908 Dennis R. Capozza and Robert Albert Van Order Fixed Wages, Layoffs, Unemployment Compensation, and Welfare pp. 909-17 Herakles Polemarchakis and Laurence Marc Weiss Biased Screening and Discrimination in the Labor Market pp. 918-22 George Borjas and Matthew S Goldberg Derived Demand and Distributive Shares in a Multifactor Multisector Model pp. 923-28 David Bigman Determining the Monetary Instrument: A Diagrammatic Exposition pp. 929-34 Stephen F LeRoy and David E Lindsey Do Managers Use Their Information Efficiently? pp. 935-37 Steven Shavell Cartel Problems: Comment pp. 938-41 David E. Mills and Kenneth G. Elzinga Cartel Problems: Comment pp. 942-46 William L. Holahan Cartel Problems: Reply pp. 947-49 D K Osborne International Trade, Factor-Market Distortions, and the Optimal Dynamic Subsidy: Comment pp. 950-55 James Cassing and Jack Ochs International Trade, Factor-Market Distortions, and the Optimal Dynamic Subsidy: Reply pp. 956-59 Harvey E. Lapan The Genetic Determination of Income: Comment pp. 960-69 Arthur S Goldberger What We Learn from Estimating the Genetic Contribution to Inequality in Earnings: Reply pp. 970-76 Paul Taubman Income Transfers as a Public Good: Comment pp. 977-81 Southwick, Lawrence, Income Transfers as a Public Good: Comment pp. 982-84 Brad Schiller Income Transfers as a Public Good: Comment pp. 985-89 Hugh Spall Income Transfers as a Public Good: Reply pp. 990-94 Larry L Orr Volume 68, issue 4 , 1978
American Indian Relative Ranching Efficiency pp. 503-16 Ronald L Trosper Optimal Pricing of Local Telephone Service pp. 517-37 Bridger M Mitchell Endogenous Bias in Technical Progress and Environmental Policy pp. 538-46 Roger A McCain Empirical Tests of the Life Cycle Hypothesis pp. 547-60 Betsy Buttrill White Vertical Integration: The Monopsony Case pp. 561-70 Martin K Perry Market Behavior with Demand Uncertainty and Price Inflexibility pp. 571-87 Dennis W. Carlton Market and Shadow Land Rents with Congestion pp. 588-600 Richard J. Arnott and James MacKinnon Devaluation, Wealth Effects, and Relative Prices pp. 601-13 Harvey E. Lapan and Walter Enders A Theory of Pricing under Decreasing Costs pp. 614-24 John R Sorenson , John T Tschirhart and Andrew B Whinston Gold, Dollars, Euro-Dollars, and the World Money Stock under Fixed Exchange Rates pp. 625-42 Alexander K Swoboda Equilibrium in an Imperfect Market: A Constraint on the Number of Securities in the Portfolio pp. 643-58 Haim Levy On the Almost Total Inadequacy of Keynesian Balance-of-Payments Theory pp. 659-70 Edward A Kuska Dynamic Stability and the Theory of Factor-Market Distortions pp. 671-82 J. Peter Neary Optimal Rewards for Economic Regulation pp. 683-91 Martin L. Weitzman Security Price Changes and Transaction Volumes: Additional Evidence pp. 692-95 Mark Hanna Security Price Changes and Transaction Volumes: Comment pp. 696-97 Meir Schneller Security Price Changes and Transaction Volumes: Reply pp. 698-700 Thomas W Epps The Long-Run Analysis of the Labor-Managed Firm: Comment pp. 701-05 K V Berman and M D Berman The Long-Run Analysis of the Labor-Managed Firm: Reply pp. 706-09 Eirik G Furubotn The Value of Human Life in the Demand for Safety: Comment pp. 710-11 Philip J Cook The Value of Human Life in the Demand for Safety: Comment pp. 712-16 M W Jones-Lee The Value of Human Life in the Demand for Safety: Extension and Reply pp. 717-20 Bryan C Conley Inflation in Britain: A Monetarist Perspective: Comment pp. 721-25 George Fane Inflation in Britain: A Monetarist Perspective: Reply pp. 726-29 David Laidler Externalities, Extortion, and Efficiency: Comment pp. 730-35 Daniel W Bromley Externalities, Extortion, and Efficiency: Reply pp. 736-38 George Daly and J. Fred Giertz Volume 68, issue 3 , 1978
The Technology of Risk and Return pp. 241-51 Edward Greenberg , William J Marshall and Jess B Yawitz Self-Financing of an R&D Project pp. 252-61 Morton Kamien and Nancy L Schwartz Bargaining Theory, Wage Outcomes, and the Occurrence of Strikes: An Econometric Analysis pp. 262-71 Henry S Farber The Effects of a Firm's Investment and Financing Decisions on the Welfare of Its Security Holders pp. 272-84 Eugene F. Fama Welfare Evaluation and the Cost-of-Living Index in the Household Production Model pp. 285-99 Robert A. Pollak Uncertain Externalities, Liability Rules, and Resource Allocation pp. 300-310 Peter H Greenwood and Charles A Ingene Production, Efficiency, and Welfare in the Natural Gas Transmission Industry pp. 311-23 Jeffrey L Callen On the Optimal Provision of Journals qua Sometimes Shared Goods pp. 324-38 Janusz A Ordover and Robert D Willig Unfulfilled Long-Term Interest Rate Expectations and Changes in Business Fixed Investment pp. 339-47 John C Warner Estimation of Complete Demand Systems from Household Budget Data: The Linear and Quadratic Expenditure Systems pp. 348-59 Robert A. Pollak and Terence J Wales Why Women Earn Less: The Theory and Estimation of Differential Overqualification pp. 360-73 Robert H. Frank Optimal Investment Strategy for Boomtowns: A Theoretical Analysis pp. 374-85 Ronald G Cummings and William D Schulze Money, Saving, and Portfolio Choice under Uncertainty pp. 386-88 Eliakim Katz and Alfred Vanags The Golden Rule and the Role of Government in a Life Cycle Growth Model pp. 389-96 Toshihiro Ihori Vertical Integration, Tying, and Antitrust Policy pp. 397-402 Roger D Blair and David L Kaserman Dynamic Models of Portfolio Behavior: More on Pitfalls in Financial Model Building pp. 403-09 Douglas D. Purvis Dynamic Models of Portfolio Behavior: Comment on Purvis pp. 410-16 Gary Smith On Extortion: A Reply pp. 417-18 Harold Demsetz Market Efficiency in an Arrow-Debreu Economy: A Closer Look pp. 419-22 Kose John Money, Income, and Causality in the United States and the United Kingdom: A Theoretical Explanation of Different Findings pp. 423-27 Bluford H Putnam and D Sykes Wilford Currency Substitution, Flexible Exchange Rates, and Monetary Independence pp. 428-36 Marc A Miles The Pure Theory of the Muggery pp. 437-45 Philip A Neher An Econometric Definition of the Inflation-Unemployment Tradeoff pp. 446-53 Gregory Chow and Sharon Bernstein Megdal Dynamic Instability of a Mixed City in the Presence of Neighborhood Externalities pp. 454-63 Takahiro Miyao The Rest of the World's Offer Curve: Note pp. 464-67 Wolfgang Mayer Factor-Price Uncertainty with Variable Proportions pp. 468-73 Marion B Stewart On the Comparative Statics of a Competitive Industry with Inframarginal Firms pp. 474-78 John C Panzar and Robert D Willig Volume 68, issue 2 , 1978
Rationality as Process and as Product of Thought pp. 1-16 Herbert A. Simon What do Economics Majors Learn? pp. 17-22 David G Hartman Is Economic Anthropology of Interest to Economists? pp. 23-27 George Dalton The Bazaar Economy: Information and Search in Peasant Marketing pp. 28-32 Clifford Geertz Towards a Marriage between Economics and Anthropology and a General Theory of Marriage pp. 33-37 Shoshana Grossbard Unemployment in Capitalist Regulated Market Economies and Socialist Centrally Planned Economies pp. 38-43 Morris Bornstein Unemployment in Western Europe and the United States: A Problem of Demand, Structure, or Measurement? pp. 44-50 Robert H. Haveman Unemployment Problems and Policies in Less Developed Countries pp. 51-55 Henry J Bruton Unemployment in Comparative Perspective: Discussion pp. 56-57 Nancy Smith Barrett Multiple Motives, Group Decisions, Uncertainty, Ignorance, and Confusion: A Realistic Economics of the Consumer Requires Some Psychology pp. 58-63 James N Morgan Economics, Psychology, and Protective Behavior pp. 64-69 Howard Kunreuther and Paul Slovic Recent Psychological Studies of Behavior under Uncertainty pp. 70-74 David M. Grether Psychology and Economics: Discussion pp. 75-76 George Katona Psychology and Economics: Discussion pp. 76-77 Vernon L. Smith Sex Differences in Labor Supply Elasticity: The Implications of Sectoral Shifts in Demand pp. 78-83 Cynthia B Lloyd and Beth Niemi Women's Increasing Unemployment: A Cross-Sectional Analysis pp. 84-89 Christopher Lingle and Ethel B Jones Unemployment Rate Targets and Anti-inflation Policy as More Women Enter the Workforce pp. 90-94 Clair Vickery , Barbara R Bergmann and Katherine Swartz The Effects of the Increased Labor Force Participation of Women on Macroeconomic Goals: Discussion pp. 95-96 Barry R. Chiswick The Effects of the Increased Labor Force Participation of Women on Macroeconomic Goals: Discussion pp. 96-97 Marianne A Ferber The Effects of the Increased Labor Force Participation of Women on Macroeconomic Goals: Discussion pp. 97-98 Ralph E Smith Planning for a Resource-Rich Region: The Case of Alaska pp. 99-104 David T Kresge and Daniel A Seiver The Southwest: A Region under Stress pp. 105-09 Lee Brown and Allen V Kneese The New England States and Their Economic Future: Some Implications of a Changing Industrial Environment pp. 110-15 John R Meyer and Robert A Leone Problems of Regional Economic Development: Discussion pp. 116-17 Walter Isard Problems of Regional Economic Development: Discussion pp. 116 Benjamin Chinitz Energy Policy and U.S. Economic Growth pp. 118-23 Edward A Hudson and Dale W Jorgenson Energy and Economic Growth: Discussion pp. 124-27 Bullard, Clark W, Energy and Economic Growth: Discussion pp. 124 Tjalling C. Koopmans Energy and Economic Growth: Discussion pp. 127-28 William W Hogan Energy and Economic Growth: Discussion pp. 128-30 Lester B. Lave Disembodied Technical Progress: Does Employee Participation in Decision Making Contribute to Change and Growth? pp. 131-34 Karl-Olof Faxen Job Satisfaction as an Economic Variable pp. 135-41 Richard B. Freeman Psychic Income: Useful or Useless? pp. 142-45 Lester C Thurow Quality of Working Life: Discussion pp. 146-47 Rudy Oswald Quality of Working Life: Discussion pp. 147-48 George Strauss The Costs of Inflation pp. 149-54 Gardner Ackley The Private and Social Costs of Unemployment pp. 155-58 Martin S. Feldstein Stabilization Goals: Balancing Inflation and Unemployment pp. 159-64 Henry C Wallich The Structure of Female Wages pp. 165-70 Mary Corcoran The Improving Economic Status of Black Americans pp. 171-78 James P. Smith The Economic Status of Blacks and Whites pp. 179-85 Marcus Alexis Discrimination in Mortgage Lending pp. 186-91 Harold Black , Robert L Schweitzer and Lewis Mandell Differences in Unemployment Experience between Blacks and Whites pp. 192-97 Charles L Betsey Racial Disparities and Policies to Eliminate Them: Discussion pp. 198-99 Karl D Gregory A Partial Survey of Recent Research on the Labor Supply of Women pp. 200-207 James J. Heckman Fertility and Child Mortality over the Life Cycle: Aggregate and Individual Evidence pp. 208-15 T. Paul Schultz Altruism as an Outcome of Social Interaction pp. 216-22 Mordecai Kurz Bayesian Decision Theory and Utilitarian Ethics pp. 223-28 John C. Harsanyi Altruism, Meanness, and Other Potentially Strategic Behaviors pp. 229-30 Thomas C. Schelling Economics and Ethics: Altruism, Justice, Power: Discussion pp. 231 Roger B. Myerson Economics and Ethics: Altruism, Justice, Power: Discussion pp. 231-32 John C. Harsanyi The Economy of the Body pp. 233-37 Michael T Ghiselin Competition, Cooperation, and Conflict in Economics and Biology pp. 238-43 J Hirshleifer Economics and Biology: Evolution, Selection, and the Economic Principle: Discussion pp. 244-45 Ronald H. Coase The Economics of Special Interest Politics: The Case of the Tariff pp. 246-50 William A. Brock and Stephen P Magee Understanding Collective Action: Matching Behavior pp. 251-55 Joel M Guttman Voters, Legislators and Bureaucracy: Institutional Design in the Public Sector pp. 256-60 Morris P Fiorina and Roger G. Noll Decentralization, Bureaucracy, and Government: Discussion pp. 261-62 Daniel L. McFadden Decentralization, Bureaucracy, and Government: Discussion pp. 262-63 Wallace E. Oates International Markets for LDCs-The Old and the New pp. 264-69 Carlos F Diaz-Alejandro Alternative Trade Strategies and Employment in LDCs pp. 270-74 Anne O Krueger Some Aspects of Technology Transfer and Direct Foreign Investment pp. 275-79 Ronald Findlay International Trade and the Developing Countries: Discussion pp. 280-81 Gary Clyde Hufbauer International Trade and the Developing Countries: Discussion pp. 281-82 Ronald McKinnon International Trade and the Developing Countries: Discussion pp. 282-83 Robert E Baldwin Consumer Product Safety Regulation pp. 284-89 Henry G Grabowski and John M Vernon Egonomics, or the Art of Self-Management pp. 290-94 Thomas C. Schelling Safety Decisions and Insurance pp. 295-98 Martin J Bailey Economics of Life and Safety: Discussion pp. 299-300 Roland N McKean Economics of Life and Safety: Discussion pp. 300 Philip J Cook The "Rationality" of Economic Forecasts pp. 301-05 Stephen K McNees An Error Analysis of Econometric and Noneconometric Forecasts pp. 306-12 Vincent Su On the Accuracy and Properties of Recent Macroeconomic Forecasts pp. 313-19 Victor Zarnowitz How Have Forecasts Worked? Discussion pp. 320-21 Otto Eckstein and Paul M Warburg The Business of Business is Serving Markets pp. 322-27 Joseph L Bower On the Basic Proposition of X-Efficiency Theory pp. 328-32 Harvey Leibenstein Efficiency of Managerial Decision Processes: Discussion pp. 333-34 Richard H Day What Can Stabilization Policy Achieve? pp. 335-41 Robert J. Gordon Labor Market Structure: Implications for Micro Policy pp. 342-47 Charles C Holt Efficient Disinflationary Policies pp. 348-52 Arthur M Okun Unemployment Policy pp. 353-57 Robert E. Lucas The Invisible Fist: Have Capitalism and Democracy Reached a Parting of the Ways? pp. 358-63 Samuel Bowles and Herbert Gintis Markets, States, and the Extent of Morals pp. 364-68 James M. Buchanan Illusions of Necessity in the Economic Order pp. 369-73 Roberto Mangabeira Unger Endogenous Tastes in Demand and Welfare Analysis pp. 374-79 Robert A. Pollak Stochastic Properties of Changing Preferences pp. 380-85 Edgar A Pessemier On the Study of Taste Changing Policies pp. 386-91 Thomas Marschak The Current Experience with Floating Exchange Rates: An Appraisal of the Monetary Approach pp. 392-97 John F. O. Bilson New Views of Exchange Rates and Old Views of Policy pp. 398-405 Peter B. Kenen Monetary vs. Traditional Approaches to Balance-of-Payments Analysis pp. 406-11 Norman C Miller International Exchange Rates and the Macroeconomics of Open Economies: Discussion pp. 412-13 Rüdiger Dornbusch International Exchange Rates and the Macroeconomics of Open Economies: Discussion pp. 413-15 Jacob A Frenkel International Exchange Rates and the Macroeconomics of Open Economies: Discussion pp. 415-16 Marc A Miles Altruism in Law and Economics pp. 417-21 William M. Landes and Richard A Posner Capital Punishment and Homicide in England: A Summary of Results pp. 422-27 Kenneth Wolpin The Subtle Impact of Price Controls on Domestic Oil Production pp. 428-33 Rodney T Smith and Charles E Phelps Economics and Law: Discussion pp. 434-35 Stephen Breyer Economics and Law: Discussion pp. 435-36 A. Mitchell Polinsky Volume 68, issue 1 , 1978
Second Best Pricing with Stochastic Demand pp. 41-53 Roger Sherman and Michael Visscher On the Optimality of Forward Markets pp. 54-66 Robert M. Townsend The Impact of Demand and Price Expectations on the Behavior of Prices pp. 134-45 Louis John Maccini A Model of Agenda Influence on Committee Decisions pp. 146-60 Charles R Plott and Michael E. Levine Graduate Students in Economics, 1940-74 pp. 182-87 William E Spellman and D Bruce Gabriel The Role of Money in a Simple Growth Model: Note pp. 188-93 William B Marxsen Related Market Conditions and Interindustrial Mergers: Comment pp. 221-24 Martin K Perry Input Choices and Uncertain Demand: Comment pp. 231-32 Wolfgang Mayer
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