American Economic Review

1969 - 2025

Current editor(s): Esther Duflo

From American Economic Association
Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().

Access Statistics for this journal.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

Volume 83, issue 6, 1993

The Meaning of "Internal Balance." pp. 3-9

James Meade

1933 and 1977--Some Expansion Policy Problems in Cases of Unbalanced Domestic and International Economic Relations pp. 10-17

Bertil Ohlin

Volume 83, issue 5, 1993

Art as an Investment: The Market for Modern Prints pp. 1075-89

James Pesando

The Relative Pricing of High-Yield Debt: The Case of RJR Nabisco Holdings Capital Corporation pp. 1090-1111

Robert M Dammon, Kenneth B Dunn and Chester S Spatt

Rational Asset-Price Movements without News pp. 1112-30

David Romer

Capital Structure as a Bargaining Tool: The Role of Leverage in Contract Renegotiation pp. 1131-41

Enrico Perotti and Kathryn E Spier

Efficiency and the Role of Default When Security Markets Are Incomplete pp. 1142-64

William Zame

Reputation and Discretion in Financial Contracting pp. 1165-83

Arnoud Boot, Stuart I Greenbaum and Anjan Thakor

Factor Shares and Savings in Endogenous Growth pp. 1184-98

Giuseppe Bertola

Large-Scale Privatization in Transition Economies pp. 1199-1210

Raul Laban and Holger C Wolf

Leapfrogging in International Competition: A Theory of Cycles in National Technological Leadership pp. 1211-19

Elise Brezis, Paul Krugman and Daniel Tsiddon

Will Affirmative-Action Policies Eliminate Negative Stereotypes? pp. 1220-40

Stephen Coate and Glenn Loury

Fairness, Markets, and Ability to Pay: Evidence from Compensation Executives pp. 1241-59

David Levine

A General Experiment on Bargaining in Demand Games with Outside Options pp. 1260-80

Lawrence Kahn and J Keith Munighan

Incorporating Fairness into Game Theory and Economics pp. 1281-1302

Matthew Rabin

Forward Induction in the Battle-of-the-Sexes Games pp. 1303-16

Russell Cooper, Douglas V. DeJong, Robert Forsythe and Thomas Ross

An Experimental Test of the Public-Goods Crowding-Out Hypothesis pp. 1317-27

James Andreoni

The Deadweight Loss of Christmas pp. 1328-36

Joel Waldfogel

Stock Prices and Wall Street Weather pp. 1337-45

Saunders, Edward M,

Stock Returns and Inflation: A Long-Horizon Perspective pp. 1346-55

Jacob Boudoukh and Matthew Richardson

Does Foreign-Exchange Intervention Matter? The Portfolio Effect pp. 1356-69

Kathryn Dominguez and Jeffrey Frankel

Accounting for Taste: Art and the Financial Markets over Three Centuries pp. 1370-76

William Goetzmann

Does the Basketball Market Believe in the Hot Hand? Comment pp. 1377-86

William O Brown and Raymond D Sauer

The Dynamic Effects of Aggregate Demand and Supply Disturbances: Comment pp. 1387-93

Edward N Gamber and Fred Joutz

Volume 83, issue 4, 1993

Earnings Losses of Displaced Workers pp. 685-709

Louis S Jacobson, Robert LaLonde and Daniel G Sullivan

Changes in Economic Instability in 19th-Century America pp. 710-31

John James

The Development of Nominal Wage Rigidity in the Late 19th Century pp. 732-56

Christopher Hanes

A Theory of "Yes Men." pp. 757-70

Canice Prendergast

Promotion, Turnover, and Preemptive Wage Offers pp. 771-91

Dan Bernhardt and David Scoones

The Economics of Rotating Savings and Credit Associations pp. 792-810

Timothy Besley, Stephen Coate and Glenn Loury

Investments, Holdup, and the Form of Market Contracts pp. 811-37

W. Bentley Macleod and James Malcomson

Auctions versus Posted-Price Selling pp. 838-51

Ruqu Wang

Paternalism in Agricultural Labor Contracts in the U.S. South: Implications for the Growth of the Welfare State pp. 852-76

Lee Alston and Joseph P Ferrie

Jeux Sans Frontieres: Tax Competition and Tax Coordination When Countries Differ in Size pp. 877-92

Ravi Kanbur and Michael Keen

Working in the Market, Working at Home, and the Acquisition of Skills: A General-Equilibrium Approach pp. 893-907

José-Víctor Ríos-Rull

Transitional Dynamics and Economic Growth in the Neoclassical Model pp. 908-31

Robert King and Sergio Rebelo

Nominal-Contracting Theories of Unemployment: Evidence from Panel Data pp. 932-52

Michael Keane

Government Revenue from Financial Repression pp. 953-63

Alberto Giovannini and Martha de Melo

Review of NSF Economics Proposals: Gender and Institutional Patterns pp. 964-70

Ivy E Broder

Welfare and Child Health: The Link between AFDC Participation and Birth Weight pp. 971-85

Janet Currie and Nancy Cole

Immigrant Selectivity and Wages: The Evidence for Women pp. 986-93

Deborah Cobb-Clark

Uncertain Altruism and Investment in Children pp. 994-1002

Subir Chakrabarti, William Lord and Peter Rangazas

Time Paths of Land Reform: A Theoretical Model of Reform Dynamics pp. 1003-10

Andrew W Horowitz

Bounding the Welfare Effects of Third-Degree Price Discrimination pp. 1011-21

David Malueg

Diminished Expectations of Nuclear War and Increased Personal Savings: Evidence from Individual Survey Data pp. 1022-33

Bruce Russett and Joel Slemrod

Income, Wealth, and Household Demand for Deposits pp. 1034-44

William A Bomberger

Volume 83, issue 3, 1993

Fiscal Policy in General Equilibrium pp. 315-34

Marianne Baxter and Robert King

International Business Cycles pp. 335-59

Shaghil Ahmed, Barry W. Ickes, Ping Wang and Byung Sam Yoo

The Aggregate Implications of Machine Replacement: Theory and Evidence pp. 360-82

Russell Cooper and John Haltiwanger

Production and Inventory Control at the General Motors Corporation during the 1920's and 1930's pp. 383-401

Anil Kashyap and David Wilcox

Long-Run Neutrality and Superneutrality in an ARIMA Framework pp. 402-15

Mark Fisher and John J Seater

Explaining Saving-Investment Correlations pp. 416-36

Marianne Baxter and Mario Crucini

Low Investment and Large LDC Debt in the 1980's pp. 437-49

Daniel Cohen

Is There a Peso Problem? Evidence from the Dollar/Pound Exchange Rate, 1976-1987 pp. 450-72

Graciela Kaminsky

International Comparisons of Price-to-Market Behavior pp. 473-86

Michael M Knetter

Intertemporal Asset Pricing without Consumption Data pp. 487-512

John Campbell

Stock Options and the Strategic Use of Managerial Incentives pp. 513-24

David Reitman

Contract Enforceability and Economic Institutions in Early Trade: the Maghribi Traders' Coalition pp. 525-48

Avner Greif

Mergers and Market Power: Evidence from the Airline Industry pp. 549-69

E Han Kim and Vijay Singal

What Do We Learn About Consumer Demand Patterns from Micro Data? pp. 570-97

Richard Blundell, Panos Pashardes and Guglielmo Weber

The Benefit of Crises for Economic Reforms pp. 598-607

Allan Drazen and Vittorio Grilli

Have Commercial Banks Ignored History? pp. 608-20

Sule Ozler

Tolerance of Arrearages: How IMF Loan Policy Can Effect Debt Reduction pp. 621-33

Robin Wells

The Peculiar Scale Economies of Lotto pp. 634-43

Philip J Cook and Charles Clotfelter

The Dynamic Effects of Aggregate Demand and Supply Disturbances: Comment pp. 644-52

Marco Lippi and Lucrezia Reichlin

The Dynamic Effects of Aggregate Demand and Supply Disturbances: Reply pp. 653-58

Olivier Blanchard and Danny Quah

Fiscal Policy and Aggregate Demand: Comment pp. 659-66

Fred C Graham

Fiscal Policy and Aggregate Demand: Reply pp. 667-69

David Aschauer

Politics and the Choice of Durability: Comment pp. 670-73

Hans Gersbach

Politics and the Choice of Durability: Reply pp. 674-75

Amihai Glazer

Volume 83, issue 2, 1993

The Search for Relevance in Economics pp. 1-16

Arnold C Harberger

Why the Principles Course Needs Comparative Macro and Micro pp. 17-22

Robert Gordon

What Do Undergrads Need to Know about Trade? pp. 23-26

Paul Krugman

International Perspectives in Undergraduate Education pp. 27-33

Joseph Stiglitz

Professional Etiquette for the Mature Economist pp. 34-38

Daniel S Hamermesh

Reflections on the Hiring of Faculty pp. 39-43

Daniel Orr

The Economics of Professional Etiquette: Discussion pp. 44

Edward Lazear

Female Workers as a Buffer in the Japanese Economy pp. 45-51

Susan N Houseman and Katharine Abraham

Gender Differences in Academic Career Paths of Economists pp. 52-56

Shulamit Kahn

Probabilities of Job Choice and Employer Selection and Male-Female Occupational Differences pp. 57-61

Nabanita Datta Gupta

The Law, Its Interpretation, Levels of Enforcement Activity, and Effect on Employer Behavior pp. 62-66

Thomas G Abram

Analyzing Employment Discrimination: From the Seminar Room to the Courtroom pp. 67-72

Mark Killingsworth

Problems in Assessing Employment Discrimination pp. 73-78

Robert S Follett, Michael P Ward and Finis Welch

Affirmative Action and the Racial Wage Gap pp. 79-84

James P Smith

Trends in Relative Black-White Earnings Revisited pp. 85-91

David Card and Alan Krueger

Antidiscrimination Enforcement and the Problem of Patronization pp. 92-98

Stephen Coate and Glenn Loury

Affirmative Action in Higher Education pp. 99-103

Linda Loury and David Garman

Inequality and Relative Wages pp. 104-09

Kevin Murphy and Finis Welch

What Have We Learned from Empirical Studies of Unemployment and Turnover? pp. 110-15

Robert Topel

What Has Been Learned about Labor Supply in the Past Twenty Years? pp. 116-21

James J Heckman

Occupational Change and the Demand for Skill, 1940-1990 pp. 122-36

Kevin Murphy and Finis Welch

International Competition and Real Wages pp. 127-30

George Johnson and Frank P Stafford

The Contribution of Employment and Hours Changes to Family Income Inequality pp. 131-35

Gary Burtless

Changes in Inequality of Family Income in Seven Industrialized Countries pp. 136-42

Peter Gottschalk

Altruism as a Problem Involving Group versus Individual Selection in Economics and Biology pp. 143-48

Paul A Samuelson

How Altruism Can Prevail in an Evolutionary Environment pp. 149-55

Ted Bergstrom and Oded Stark

Altruism and Economics pp. 156-61

Herbert A Simon

The Current State of the Law and Economics of Predatory Pricing pp. 162-67

Alvin K Klevorick

Exclusionary Vertical Restraints Law: Has Economics Mattered? pp. 168-72

Steven C Salop

Horizontal Mergers: Law, Policy, and Economics pp. 173-77

George A Hay and Gregory Werden

The Effects of the Breakup of AT&T on Telephone Penetration in the United States pp. 178-84

Jerry Hausman, Timothy Tardiff and Alexander Belinfante

Postdivestiture Long-Distance Competition in the United States pp. 185-90

William Taylor and Lester Taylor

Effects of the Change from Rate-of-Return to Price-Cap Regulation pp. 191-98

Ronald R Braeutigam and John C Panzar

The Effects of Lower Reserve Requirements on Money Market Volatility pp. 199-205

Allan Brunner and Cara S Lown

Self-Interested Bank Regulation pp. 206-12

Arnoud Boot and Anjan Thakor

Segment Shifts and Capacity Utilization in the U.S. Automobile Industry pp. 213-18

Timothy Bresnahan and Valerie Ramey

Productivity, Market Power, and Capacity Utilization When Spot Markets Are Complete pp. 219-23

Benjamin Eden and Zvi Griliches

Shift Work and the Business Cycle pp. 224-28

Joram Mayshar and Gary Solon

Cyclical Productivity and the Workweek of Capital pp. 229-33

Matthew D Shapiro

Optimal Selling Strategies for Oil and Gas Leases with an Informed Buyer pp. 234-39

Kenneth Hendricks, Robert Porter and Guofo Tan

Applications and Limitations of Some Recent Advances in Empirical Industrial Organization: Price Indexes and the Analysis of Environmental Change pp. 241-46

Ariel Pakes, Steven Berry and James Levinsohn

Some Applications and Limitations of Recent Advances in Empirical Industrial Organization: Merger Analysis pp. 247-52

Steven Berry and Ariel Pakes

An Event-Study Approach to Measuring Innovative Output: The Case of Biotechnology pp. 253-58

David Austin

The Stock Market's Valuation of R&D Investment during the 1980's pp. 259-64

Bronwyn H Hall

The Impact on Intangible Capital on Tobin's q in the Semiconductor Industry pp. 265-69

Pamela Megna and Mark Klock

Consumption and the Recession of 1990-1991 pp. 270-74

Olivier Blanchard

Macro Theory and the Recession of 1990-1991 pp. 275-79

Robert E Hall

Did Technology Shocks Cause the 1990-1991 Recession? pp. 280-86

Gary D Hansen and Edward Prescott

Testing Macroeconomic Models pp. 287-93

Ray Fair

Macroeconometrics in a Global Economy pp. 294-99

John F Helliwell

The Use of the New Macroeconometrics for Policy Formulation pp. 300-305

John Taylor

Climate Change and Agriculture: The Role of International Trade pp. 306-12

John Reilly and Neil Hohmann

Optimal Greenhouse-Gas Reductions and Tax Policy in the "Dice" Model pp. 313-17

William Nordhaus

Model Comparisons of the Costs of Reducing CO2 Emissions pp. 318-23

Gaskins, Darius W, and John P Weyant

Technological Progress and the Decline of European Mortality pp. 324-30

Joel Mokyr

The Changing View of the Standard-of-Living Question in the United States pp. 331-36

Clayne L Pope

Mortality Decline in the Low-Income World: Causes and Consequences pp. 337-42

T Paul Schultz

Secrets of Success: A Handful of Heroes pp. 343-50

Arnold C Harberger

Virtuous and Vicious Circles in Economic Development pp. 351-55

Anne O Krueger

The Positive Economics of Policy Reform pp. 356-61

Dani Rodrik

The Narrow and Broad Arguments for Free Trade pp. 362-66

Paul Krugman

The Optimality of Free Trade: Science or Religion? pp. 367-71

Rachel McCulloch

Making the Practical Case for Freer Trade pp. 372-76

Michael Mussa

Fighting Poverty pp. 377-82

Lyn Squire

The Structural-Adjustment Debate pp. 383-89

Lawrence H Summers and Lant Pritchett

Socialist Economy Reform: Lessons of the First Three Years pp. 390-95

Stanley Fischer

Modeling Technology Adoption in Developing Countries pp. 396-402

Timothy Besley and Anne Case

Labor Markets and Institutions in Economic Development pp. 403-08

Richard Freeman

Why Is Rent-Seeking So Costly to Growth? pp. 409-14

Kevin Murphy, Andrei Shleifer and Robert Vishny

On the Empirical Aspects of Economic Growth Theory pp. 415-20

Yair Mundlak

Explaining Economic Growth pp. 421-25

Maurice Scott

What We Have Learned about Policy and Growth from Cross-Country Regressions? pp. 426-30

Ross Levine and Sara J Zervos

Technological Differences as a pp. 431-35

David Dollar

Factor-Supply Differences as a pp. 436-39

Edward Leamer

Internal Returns to Scale as a pp. 440-44

James Tybout

Product Differentiation as a pp. 445-49

David Hummels and James Levinsohn

Equilibrium R&D and the Patent-R&D Ratio: U.S. Evidence pp. 450-57

Samuel Kortum

Science, R&D, and Invention Potential Recharge: U.S. Evidence pp. 458-62

James Adams

Patents, R&D, and Invention Potential: International Evidence pp. 463-68

Robert E Evenson

Volume 83, issue 1, 1993

Today's Task for Economists pp. 1-10

William Vickrey

Trigger Points and Budget Cuts: Explaining the Effects of Fiscal Austerity pp. 11-26

Giuseppe Bertola and Allan Drazen

Economic Policy, Economic Performance, and Elections pp. 27-42

Harrington, Joseph E,

The Macroeconomics of Dr. Strangelove pp. 43-62

Andrew John, Rowena Pecchenino and Stacey L Schreft

A Search-Theoretic Approach to Monetary Economics pp. 63-77

Nobuhiro Kiyotaki and Randall Wright

Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance pp. 78-98

Anil Kashyap, Jeremy C Stein and David Wilcox

Strategic Discipline in Monetary Policy with Private Information: Optimal Targeting Horizons pp. 99-117

Michelle Garfinkel and Seonghwan Oh

Why Capital Hires Labor: A Bargaining Perspective pp. 118-34

Gregory Dow

Advance-Purchase Discounts and Monopoly Allocation of Capacity pp. 135-46

Ian L Gale and Thomas J Holmes

Auctions with Endogenous Valuations: The Persistence of Monopoly Revisited pp. 147-60

Kala Krishna

A Structural Model of Peak-Period Congestion: A Traffic Bottleneck with Elastic Demand pp. 161-79

Richard Arnott, André de Palma and Charles Lindsey

Entry, Dumping, and Shakeout pp. 180-202

Richard Clarida

Union Organizing Activity, Firm Growth, and the Business Cycle pp. 203-20

Stephen Bronars and Donald R Deere

Seniority and Monopsony in the Academic Labor Market pp. 221-33

Michael Ransom

The Decline in Black Teenage Labor-Force Participation in the South, 1900-1970: The Role of Schooling pp. 234-47

Robert Margo and T Aldrich Finegan

Causes of Intercity Variation in Homelessness pp. 248-55

Marjorie Honig and Randall Filer

Cyclical Consumption Patterns and Rational Addiction pp. 256-63

Engelbert Dockner and Gustav Feichtinger

The Uncertain Unit Root in Real GNP pp. 264-72

Glenn Rudebusch

A Note on Competitive Investment under Uncertainty pp. 273-77

Robert Pindyck

Bargaining versus Price Competition in Markets with Quality Uncertainty pp. 278-88

Helmut Bester

Rigging the Lobbying Process: An Application of the All-Pay Auction pp. 289-94

Michael Baye, Dan Kovenock and Casper de Vries

Monopolistic Competition and Optimum Product Diversity: Comment pp. 295-301

Xiaokai Yang and Ben J Heijdra

Monopolistic Competition and Optimum Product Diversity: Reply pp. 302-04

Avinash Dixit and Joseph Stiglitz

Should Governments Learn to Live with Inflation? Comment pp. 305-11

Jonas Agell and Bengt-Christer Ysander

Should Governments Learn to Live with Inflation? Reply pp. 312-13

Stanley Fischer and Lawrence Summers