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 80, issue 5, 1990

Market Liquidity, Hedging, and Crashes pp. 999-1021

Gerard Gennotte and Hayne Leland

Insider Trading in a Rational Expectations Economy pp. 1022-41

Lawrence M Ausubel

Optimal Bypass and Cream Skimming pp. 1042-61

Jean-Jacques Laffont and Jean Tirole

Durable-Good Monopoly and Best-Price Provisions pp. 1062-76

David A Butz

A Schumpeterian Model of the Product Life Cycle pp. 1077-91

Paul Segerstrom, T C A Anant and Elias Dinopoulos

Competition by Choice: The Effect of Consumer Search on Firm Location Decisions pp. 1092-1104

Marc Dudey

To Innovate or Not to Innovate: Incentives and Innovation in Hierarchies pp. 1105-24

James Dearden, Barry W Ickes and Larry Samuelson

Intergenerational Income-Group Mobility and Differential Fertility pp. 1125-38

C Y Cyrus Chu and Hui-Wen Koo

Productivity, Health, and Inequality in the Intrahousehold Distribution of Food in Low-Income Countries pp. 1139-56

Mark Pitt, Mark Rosenzweig and Md Nazmul Hassan

A Social Exchange Approach to Voluntary Cooperation pp. 1157-67

Heinz Hollander

The Economic Effects of Production Taxes in a Stochastic Growth Model pp. 1168-82

Michael Dotsey

Deposit Insurance, Risk, and Market Power in Banking pp. 1183-1200

Michael C Keeley

Overdrafts and the Demand for Money pp. 1201-16

Avner Bar-ilan

Tax Smoothing with Financial Instruments pp. 1217-30

Henning Bohn

Beneficial Concentration pp. 1231-37

Andrew Daughety

Horizontal Mergers: The 50-Percent Benchmark pp. 1238-45

Dan Levin

Input Market Price Discrimination and the Choice of Technology pp. 1246-53

Patrick DeGraba

Direction of Price Changes in Third-Degree Price Discrimination pp. 1254-58

Babu Nahata, Krzysztof Ostaszewski and P K Sahoo

Third-Degree Price Discrimination and Output: Generalizing a Welfare Result pp. 1259-62

Marius Schwartz

The Measurement of International Trade Related to Multinational Companies pp. 1263-70

F Steb Hipple

The Indirect and Direct Substition Effects pp. 1271-75

Masao Ogaki

Auction Institutional Design: Theory and Behavior of Simultaneous Multiple-Unit Generalizations of the Dutch and English Auctions pp. 1276-83

Kevin McCabe, Stephen Rassenti and Vernon Smith

Lifetime Earnings and the Vietnam Era Draft Lottery: Evidence from Social Security Administrative Records: Errata pp. 1284-86

Joshua Angrist

On the Optimal Tax Base for Commodity Taxation: Errata pp. 1287

John Wilson

The Future of the Income Tax: Erratum pp. 1288

Joseph A Pechman

Volume 80, issue 4, 1990

The Origins of American Industrial Success, 1879-1940 pp. 651-68

Gavin Wright

Unexpected Inflation, Real Wages, and Employment Determination in Union Contracts pp. 669-88

David Card

Long Swings in the Dollar: Are They in the Data and Do Markets Know It? pp. 689-713

Charles Engel and James Hamilton

Testing the Rationality of Price Forecasts: New Evidence from Panel Data pp. 714-35

Michael Keane and David E Runkle

Margin Requirements, Volatility, and the Transitory Components of Stock Prices pp. 736-62

Gikas Hardouvelis

Business Cycle Models with Endogenous Technology pp. 763-78

George W Stadler

A Theory of Managed Trade pp. 779-95

Kyle Bagwell and Robert Staiger

Comparative Advantage and Long-run Growth pp. 796-815

Gene Grossman and Elhanan Helpman

The Fundamental Determinants of the Terms of Trade Reconsidered: Long-run and Long-period Equilibrium pp. 816-27

William Darity

The Case of the Vanishing Revenues: Auction Quotas with Monopoly pp. 828-36

Kala Krishna

Tying, Foreclosure, and Exclusion pp. 837-59

Michael Whinston

The Economics of Product Patents pp. 860-69

Michael Waterson

Are Treble Damages Neutral? Sequential Equilibrium and Private Antitrust Enforcement pp. 870-87

David Besanko and Daniel Spulber

Ex Post Liability for Harm vs. Ex Ante Safety Regulation: Substitutes or Complements? pp. 888-901

Charles Kolstad, Thomas S Ulen and Gary V Johnson

The Subsidence of Preference Reversals in Simplified and Marketlike Experimental Settings: A Note pp. 902-11

Yun-Peng Chu and Ruey-Ling Chu

Tests of "Fanning Out" of Indifference Curves: Results from Animal and Human Experiments pp. 912-21

John Kagel, Don N MacDonald and Raymond Battalio

Preference Reversal and Nonexpected Utility Behavior pp. 923-30

Zvi Safra, Uzi Segal and Avia Spivak

Economic and Political Foundations of Tax Structure: Comment pp. 931-34

Herbert J Kiesling

Technological Stagnation, Tenurial Laws, and Adverse Selection: Comment pp. 935-40

Nadeem Naqvi

Quality Distortion by a Discriminating Monopolist: Comment pp. 941-45

Shabtai Donnenfeld and Lawrence White

Comparative Productivity: Comment pp. 946-54

Steven Rosefielde

On the Basing-Point System: Comment pp. 957-62

David D Haddock

Comparative Productivity: Reply pp. 959-60

Abram Bergson

On the Basing-Point System: Reply pp. 963-67

Bruce Benson, Melvin L Greenhut and George Norman

The Adjustment of Expectations to a Change in Regime: Comment pp. 968-76

Raymond P H Fishe and Mark Wohar

The Adjustment of Expectations to a Change in Regime: Reply pp. 977-79

N. Gregory Mankiw, Jeffrey Miron and David Weil

Volume 80, issue 3, 1990

Lifetime Earnings and the Vietnam Era Draft Lottery: Evidence from Social Security Administrative Records pp. 313-36

Joshua Angrist

Unintended Impacts of Public Investments on Private Decisions: The Depletion of Forested Wetlands pp. 337-52

Robert Stavins and Adam Jaffe

Utility Functions That Depend on Health Status: Estimates and Economic Implications pp. 353-74

W Viscusi and William Evans

Comparing Information in Forecasts from Econometric Models pp. 375-89

Ray Fair and Robert Shiller

Money, Output, and the Nominal National Debt pp. 390-97

Bruce Champ and Scott Freeman

Mean Reversion in Equilibrium Asset Prices pp. 398-418

Stephen Cecchetti, Pok-sang Lam and Nelson Mark

Is the European Community an Optimal Currency Area? Optimal Taxation versus the Cost of Multiple Currencies pp. 419-33

Matthew Canzoneri and Carol Rogers

Foreign Exchange Rate Expectations: Micro Survey Data pp. 434-49

Takatoshi Ito

A Non-parametric Analysis of Productivity: The Case of U.S. and Japanese Manufacturing pp. 450-64

Jean-Paul Chavas and Thomas L Cox

Herd Behavior and Investment pp. 465-79

David Scharfstein and Jeremy Stein

Perfect Equilibria in a Trade Liberalization Game pp. 480-92

Kiminori Matsuyama

Differential Payments within a Bidder Coalition and the Shapley Value pp. 493-510

Daniel A Graham, Robert C Marshall and Jean-Francois Richard

The Economics of Modern Manufacturing: Technology, Strategy, and Organization pp. 511-28

Paul Milgrom and John Roberts

Malthusian Selection of Preferences pp. 529-44

Ingemar Hansson and Charles Stuart

Fertility and the Personal Exemption: Implicit Pronatalist Policy in the United States pp. 545-56

Leslie A Whittington, James Alm and Elizabeth Peters

The Relationship between the Marginal Cost of Public Funds and Marginal Excess Burden pp. 557-66

Robert Triest

Effects of Spatial Price Discrimination on Output, Welfare, and Location pp. 567-75

Hong Hwang and Chao-cheng Mai

On the Equilibrium Yen-Dollar Rate pp. 576-83

Hiroshi Yoshikawa

On the Basing-Point System pp. 584-88

Bruce Benson, Melvin L Greenhut and George Norman

Government Debt, Government Spending, and Private Sector Behavior Revisited: Comment pp. 589-99

Martin Feldstein and Douglas Elmendorf

Government Debt, Government Spending, and Private Sector Behavior: A Further Comment pp. 600-603

Franco Modigliani and Arlie G Sterling

Government Debt, Government Spending, and Private Sector Behavior: Reply and Update pp. 604-17

Roger Kormendi and Philip Meguire

Tobin's q and the Structure-Performance Relationship: Comment pp. 618-23

Jerry L Stevens

Cooperation, Harassment, and Involuntary Unemployment: Comment pp. 624-30

Ernst Fehr

Cooperation, Harassment, and Involuntary Unemployment: Reply pp. 631-36

Assar Lindbeck and Dennis Snower

Internal Migration and Urban Employment: Comment pp. 637

Alan Day Haight

Cooperative and Noncooperative R&D in Duopoly with Spillovers: Comment pp. 638-40

Irene Henriques

Cooperative and Noncooperative R&D in Duopoly with Spillovers: Erratum pp. 641-42

Claude d'Aspremont and Alexis Jacquemin

Volume 80, issue 2, 1990

Why Are We So Rich and They So Poor? pp. 1-13

David S Landes

Research on High School Economic Education pp. 14-22

William Becker, William Greene and Sherwin Rosen

Firm Organization and the Economic Approach to Personnel Management pp. 23-27

Debra J Aron

Who Bosses Whom? The Intensity of Supervision and the Discipline of Labor pp. 28-32

David M Gordon

Sticky Stories: Economic Explanations of Employment and Wage Rigidity pp. 33-37

Sanford M Jacoby and Daniel J B Mitchell

Asset Prices under Habit Formation and Catching Up with the Joneses pp. 38-42

Andrew Abel

Measuring the Persistence of Expected Returns pp. 43-47

John Campbell

Evaluating Empirical Tests of Asset Pricing Models: Alternative Interpretations pp. 48-51

Stephen Cecchetti and Nelson Mark

Do Security Analysts Overreact? pp. 52-57

Werner F M De Bondt and Richard Thaler

Market Volatility and Investor Behavior pp. 58-62

Robert Shiller

Speculative Dynamics and the Role of Feedback Traders pp. 63-68

David Cutler, James Poterba and Lawrence Summers

Budgetary Pressures in the EEC: A Fiscal Federalism Perspective pp. 69-74

David Wildasin

U.S. Federal Budget Deficits and Gramm-Rudman-Hollings pp. 75-80

Edward Gramlich

Public Debts and Fiscal Politics: How to Decide? pp. 81-85

Robert P Inman

Trade, Innovation, and Growth pp. 86-91

Gene Grossman and Elhanan Helpman

Why Doesn't Capital Flow from Rich to Poor Countries? pp. 92-96

Robert Lucas

Are Nonconvexities Important for Understanding Growth? pp. 97-103

Paul Romer

Lessons from Korean Economic Growth pp. 104-07

Susan M Collins

Asian Trade and Growth Lessons pp. 108-12

Anne O Krueger

External Sector in Development: China and India, 1950-89 pp. 113-17

T. Srinivasan

Development Lessons from Asia: The Role of Government in South Korea and Taiwan pp. 118-21

Yung Chul Park

The Effects of Malpractice Litigation on Physicians' Fees and Incomes pp. 122-27

Patricia Danzon, Mark V Pauly and Raynard S Kington

Experience Rating: Does It Make Sense for Medical Malpractice Insurance pp. 128-33

Frank Sloan

International Transmission and Real Business Cycle Models pp. 134-38

Alan Stockman

Bargaining and International Policy Cooperation pp. 139-42

Kenneth Rogoff

The New Classical Macroeconomics and Stabilization Policy pp. 143-47

Rüdiger Dornbusch

Equilibrium Short Horizons of Investors and Firms pp. 148-53

Andrei Shleifer and Robert Vishny

The Efficiency of Equity in Organizational Decision Processes pp. 154-59

Paul Milgrom and John Roberts

Asymmetric Information and the New Theory of the Firm: Financial Constraints and Risk Behavior pp. 160-65

Bruce C Greenwald and Joseph Stiglitz

Inflation and the Real Growth of State and Local Government Expenditures pp. 166-70

Roy Bahl and Jorge Martinez-Vazquez

State Assistance to Local Governments: Changes during the 1980s pp. 171-75

Helen Ladd

Commercial Land Use Regulation and Local Government Finance pp. 176-80

Eric Hanushek and John Quigley

Chartists, Fundamentalists, and Trading in the Foreign Exchange Market pp. 181-85

Jeffrey Frankel and Kenneth Froot

Volatility in the Foreign Exchange and Stock Markets: Is It Excessive? pp. 186-91

Robert Hodrick

Nonlinear, Nonparametric, Nonessential Exchange Rate Estimation pp. 192-96

Richard Meese and Andrew Rose

Interactions between Agricultural and Environmental Policies: A Conceptual Framework pp. 197-202

Richard Just and John Antle

Coordinating Agricultural and Environmental Policies: Opportunities and Tradeoffs pp. 203-07

S R Johnson, Robert Wolcott and Satheesh Aradhyula

Limitations in Evaluating Environmental and Agricultural Policy Coordination Benefits pp. 208-12

James Hrubovcak, Michael LeBlanc and John Miranowski

Explicit Communication and Bargaining Outcomes pp. 213-19

Vincent Crawford

Bad and Good News about the Sealed-Bid Mechanism: Some Experimental Results pp. 220-26

Andrew Schotter

The Transition from Bargaining to a Competitive Market pp. 227-31

Steven R Williams

A Common Destiny: How Does It Compare to the Classic Studies of Black Life in America? pp. 232-36

Thomas D Boston

Reviving the Federal Statistical System: A View from Industry pp. 233-36

Rosanne Cole

Blacks, Hispanics, and White Ethnic Groups: Are Blacks Uniquely Disadvantaged? pp. 237-41

Reynolds Farley

Reviving the Federal Statistical System: International Aspects pp. 237-40

Robert Lipsey

The Central Role of the South in Accounting for the Economic Progress of Black Americans pp. 242-46

James Heckman

Racial Inequality in the Managerial Age: An Alternative Vision to the NRC Report pp. 247-51

William Darity

Are Risk-Benefit Tradeoffs Possible in Siting Hazardous Facilities? pp. 252-56

Howard Kunreuther and Douglas Easterling

Sources of Inconsistency in Societal Responses to Health Risks pp. 257-61

W Viscusi

Fixed Preferences and Changing Tastes pp. 262-67

Edi Karni and David Schmeidler

Information as an Economic Commodity pp. 268-73

Beth Allen

Evolution and Cooperation in Noisy Repeated Games pp. 274-79

Drew Fudenberg and Eric Maskin

The Economic Implications of an Incomplete Asset Market pp. 280-83

H M Polemarchakis

Child Care and Women's Return to Work after Childbirth pp. 284-88

Jacob Alex Klerman and Arleen Leibowitz

Intercohort Differences in Women's Labor Market Transitions pp. 289-92

M Anne Hill

Gender Differences in Wages and Job Turnover among Continuously Employed Workers pp. 293-97

Audrey Light and Manuelita Ureta

Earnings Inequality and Job Turnover pp. 298-302

Jonathan Leonard and Louis Jacobson

The Impact of Schooling and Industrial Restructuring on Recent Trends in Wage Inequality in the United States pp. 303-07

Barry Bluestone

Schooling, Work Experience, and Wage Trends pp. 309-12

Marvin H Kosters

Varieties of Selection Bias pp. 313-18

James Heckman

Nonparametric Bounds on Treatment Effects pp. 319-23

Charles Manski

Semiparametric Estimation of Selection Models: Some Empirical Results pp. 324-28

Whitney Newey, James Powell and James Walker

Reviving the Federal Statistical System: The View from Academia pp. 329-32

Jeffrey Miron and Christina Romer

Reviving the Federal Statistical System: A View from Within pp. 341-44

Jack E Triplett

The Development of Industrial Research in U.S. Manufacturing pp. 345-49

David C Mowery

Punctuated Equilibria and Technological Progress pp. 350-54

Joel Mokyr

The Dynamo and the Computer: An Historical Perspective on the Modern Productivity Paradox pp. 355-61

Paul David

Effects of Family and Community Background on Economic Status pp. 362-66

Corcoran, Mary, et al

AFDC Participation across Generations pp. 367-71

Peter Gottschalk

Welfare and Work in Chicago's Inner City pp. 372-76

Marta Tienda

International Differences in Saving pp. 377-81

Barry Bosworth

Public Debt as Private Liquidity pp. 382-88

Michael Woodford

The Dynamics of Airline Pricing and Competition pp. 389-93

Steven A Morrison and Clifford Winston

Airport Presence as Product Differentiation pp. 394-99

Steven Berry

Airline Mergers, Airport Dominance, and Market Power pp. 400-404

Severin Borenstein

Can Strategic Bargaining Models Explain Collective Bargaining Data? pp. 405-09

John Kennan and Robert Wilson

Strikes and Bargaining: A Survey of the Recent Empirical Literature pp. 410-15

David Card

Negotiator Behavior and the Occurence of Disputes pp. 416-20

Orley Ashenfelter and Janet Currie

The Introduction of New Products pp. 421-26

Debra J Aron and Edward Lazear

Pricing Behavior and Vertical Contracts in Retail Markets pp. 427-31

Andrea Shepard

Money-Back Warranties vs. Replacement Warranties: A Simple Comparison pp. 432-36

Duncan P Mann and Jennifer P Wissink

Educating and Training New Economics Ph.D.s: How Good a Job Are We Doing? pp. 437-44

W Lee Hansen

Volume 80, issue 1, 1990

The Future of the Income Tax pp. 1-20

Joseph A Pechman

Equilibrium Political Budget Cycles pp. 21-36

Kenneth Rogoff

Voting on the Budget Deficit pp. 37-49

Guido Tabellini and Alberto Alesina

Arming as a Strategic Investment in a Cooperative Equilibrium pp. 50-68

Michelle Garfinkel

Stackelberg and Marshall pp. 69-82

Arthur Robson

Quality vs. Quantity in Military Procurement pp. 83-92

William P Rogerson

A Theory of Predation Based on Agency Problems in Financial Contracting pp. 93-106

Patrick Bolton and David Scharfstein

Horizontal Mergers: An Equilibrium Analysis pp. 107-26

Joseph Farrell and Carl Shapiro

Equilibrium Vertical Foreclosure pp. 127-42

Janusz A Ordover, Garth Saloner and Steven C Salop

Disadvantageous Oil Tariffs and Dynamic Consistency pp. 143-56

Eric Maskin and David M Newbery

On the Treatment of Anticipated Shocks in Models of Optimal Control with Rational Expectations: An Economic Interpretation pp. 157-69

Leonardo Auernheimer and Gabriel A Lozada

Inventories and the Propagation of Sectoral Shocks pp. 170-90

Russell Cooper and John Haltiwanger

Did the Federal Trade Commission's Advertising Substantiation Program Promote More Credible Advertising? pp. 191-203

Raymond Sauer and Keith B Leffler

The Causes of Preference Reversal pp. 204-17

Amos Tversky, Paul Slovic and Daniel Kahneman

Selection Criteria in Coordination Games: Some Experimental Results pp. 218-33

Cooper, Russell, et al

Tacit Coordination Games, Strategic Uncertainty, and Coordination Failure pp. 234-48

John van Huyck, Raymond Battalio and Richard Beil

Collusion through Insurance: Sharing the Cost of Oil Spill Cleanups pp. 249-52

Eddie Dekel and Suzanne Scotchmer

Progressive Taxation and Equal Sacrifice pp. 253-66

H. Young

Job Accessibility and Racial Differences in Youth Employment Rates pp. 267-76

Keith Ihlanfeldt and David Sjoquist

Sex Discrimination in Labor Markets: The Role of Statistical Evidence: Comment pp. 277-86

Debra A Barbezat and James Hughes

Sex Discrimination in Labor Markets: The Role of Statistical Evidence: Comment pp. 287-89

William Even

Sex Discrimination in Labor Markets: The Role of Statistical Evidence: Reply pp. 290-97

Peter Kuhn

Self-Selection and the Earnings of Immigrants: Comment pp. 298-304

Guillermina Jasso and Mark Rosenzweig

Self-Selection and the Earnings of Immigrants: Reply pp. 305-08

George Borjas

The Effects of Fiscal Policies When Incomes Are Uncertain: A Contradiction to Ricardian Equivalence: Comment pp. 309-12

William A Bomberger