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.
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Volume 72, issue 5, 1982
- Microeconomic Systems as an Experimental Science pp. 923-55

- Vernon Smith
- Ambiguous Changes in Product Quality pp. 956-67

- Keith B Leffler
- Property Rights and Efficiency in Mating, Racing, and Related Games pp. 968-79

- Dale Mortensen
- Interest Rates, Income Taxes, and Anticipated Inflation pp. 980-91

- Joe Peek
- Disequilibrium Dynamics: An Empirical Study pp. 992-1004

- Seiichi Kawasaki, John McMillan and Klaus Zimmermann
- Contracting Problems and Regulation: The Case of the Fishery pp. 1005-22

- Ronald N Johnson and Gary Libecap
- Information Costs and Incentives to Shirk: Disability Compensation of Air Traffic Controllers pp. 1023-37

- Michael E Staten and John Umbeck
- A Market Equilibrium Theory of Job Assignment and Sequential Accumulation of Information pp. 1038-55

- Glenn MacDonald
- The Adequacy of Savings pp. 1056-69

- Laurence Kotlikoff, Avia Spivak and Lawrence Summers
- Minimum Wage Effects on Training on the Job pp. 1070-87

- Masanori Hashimoto
- Price Dynamics Based on the Adjustment of Firms pp. 1088-96

- Hugo Sonnenschein
- Equilibrium Growth of the Hierarchical Firm: Shareholder-Employee Cooperative Game Approach pp. 1097-1110

- Masahiko Aoki
- A Model of Diffusion in the Production of an Innovation pp. 1111-20

- Michael Gort and Akira Konakayama
- The Theory of Sales: A Simple Model of Equilibrium Price Dispersion with Identical Agents pp. 1121-30

- S Salop and Joseph Stiglitz
- Economics Departmental Rankings: Research Incentives, Constraints, and Efficiency pp. 1131-41

- Philip Graves, James R Marchand and Randal Thompson
- An Empirical Test of the Infant Industry Argument pp. 1142-52

- Anne O Krueger and Baran Tuncer
- The Political Economy of Political Philosophy: Discretionary Spending by Senators on Staff pp. 1153-61

- James T Bennett and Thomas J DiLorenzo
- Signal Extraction and Two Illustrations of the Quantity Theory [Two Illustrations of the Quantity Theory of Money] pp. 1162-68

- Terence C Mills
- The Rationale of Apartheid [A Model of the Southern African-Type Economy] pp. 1169-79

- Mats Lundahl
- Declining Industries and Political-Support Protectionist Motives pp. 1180-87

- Arye Hillman
- The Changing Cyclical Behavior of Wages and Prices, 1890-1976: Comment pp. 1188-90

- James E Price
- The Changing Cyclical Behavior of Wages and Prices, 1890-1976: Reply pp. 1191-93

- Jeffrey Sachs
- An Alternative Test of the Capital Asset Pricing Model: Comment pp. 1194-95

- Stuart M Turnbull and Ralph Winter
- An Alternative Test of the Capital Asset Pricing Model: Comment pp. 1196-1200

- R J Sweeney
- An Alternative Test of the Capital Asset Pricing Model: Reply pp. 1201-07

- Pao L Cheng and Robert R Grauer
- The Deviation of Prices from Labor Values pp. 1208-12

- Wilfried Parys
Volume 72, issue 4, 1982
- The Decline in Black Teenage Employment: 1950-70 pp. 621-38

- John F Cogan
- Applied Fairness Theory and Rationing Policy pp. 639-51

- William Baumol
- Towards an Understanding of Market Processes: Individual Expectations, Learning, and Convergence to Rational Expectations Equilibrium pp. 652-68

- Roman Frydman
- Welfare Measurement-A Synthesis pp. 669-82

- G W McKenzie and I F Pearce
- The General Validity of the Heckscher-Ohlin Theorem pp. 683-94

- Alan Deardorff
- Sharecropping and the Interlinking of Agrarian Markets pp. 695-715

- Avishay Braverman and Joseph Stiglitz
- The Importance of Lifetime Jobs in the U.S. Economy pp. 716-24

- Robert Hall
- Accumulation of Property by Southern Blacks before World War I pp. 725-37

- Robert Higgs
- The Price of Oil and World Inflation and Recession pp. 738-51

- Michael Darby
- Obsolescence of Knowledge and Career Publication Profiles: Some Evidence of Differences among Fields in Costs of Interrupted Careers pp. 752-68

- John McDowell
- Inventories, Layoffs, and the Short-Run Demand for Labor pp. 769-87

- Robert Topel
- Does Anticipated Aggregate Demand Policy Matter? Further Econometric Results pp. 788-802

- Frederic Mishkin
- Market Opportunities, Genetic Endowments, and Intrafamily Resource Distribution: Child Survival in Rural India pp. 803-15

- Mark Rosenzweig and T. Schultz
- Durability, Market Structure, and New-Used Goods Models pp. 816-24

- Stan Liebowitz
- Predatory Pricing by a Quantity-Setting Multiproduct Firm pp. 825-28

- Manfred Neumann
- Sex Discrimination in Faculty Salaries: Evidence from a Historically Women's University pp. 829-35

- Barry Hirsch and Karen Leppel
- A Direct Test of the "Lemons" Model: The Market for Used Pickup Trucks pp. 836-40

- Eric Bond
- Expected Inflation, Taxation, and Interest Rates: The Delusion of Fiscal Illusion pp. 841-45

- Michael Melvin
- On the Method of Taxation and the Provision of Local Public Goods: Comment pp. 846-51

- Robin Boadway
- On The Method of Taxation and the Provision of Local Public Goods: Reply pp. 852-53

- David Starrett
- Inflationary Expectations, Economic Activity, Taxes, and Interest Rates: Comment pp. 854-57

- Milton Ezrati
- Inflationary Expectations, Economic Activity, Taxes, and Interest Rates: Comment pp. 858-59

- J Lew Silver and James S Fackler
- Inflationary Expectations, Economic Activity, Taxes, and Interest Rates: Reply pp. 860-63

- Vito Tanzi
- Do Union Members Receive Compensating Wage Differentials? Comment pp. 864-67

- John Barron and Dan Black
- Do Union Members Receive Compensating Wage Differentials? Reply pp. 868-72

- Greg Duncan and Frank Stafford
- On the Impossibility of Informationally Efficient Markets: Comment pp. 873-74

- Richard Cothren
- On the Impossibility of Informationally Efficient Markets: Reply pp. 875
- Sanford Grossman and Joseph Stiglitz
- The Cross- Sectional Price Equation: Comment pp. 876-83

- Dean A DeRosa and Morris Goldstein
- The Cross-Sectional Price Equation: Reply pp. 884-86

- Ronald P Wilder, C Glyn Williams and Davinder Singh
- On the Adequacy or Inadequacy of Keynesian Balance-of-Payments Theory: A Reply pp. 887-98

- Edward A Kuska
- Are [Market] Forecasts Rational? Errata pp. 899
- Frederic Mishkin
Volume 72, issue 3, 1982
- Basing-Point Pricing: Competitive vs. Collusive Theories pp. 289-306

- David D Haddock
- The Economic Consequences of Cognitive Dissonance pp. 307-19

- George Akerlof and William T Dickens
- Currency Substitution and Instability in the World Dollar Standard pp. 320-33

- Ronald McKinnon
- Inventories and Sticky Prices: More on the Microfoundations of Macroeconomics pp. 334-48

- Alan Blinder
- Product Differentiation Advantages of Pioneering Brands pp. 349-65

- Richard Schmalensee
- The Derived Demand for Advertising: A Theoretical and Empirical Investigation pp. 366-88

- Isaac Ehrlich and Lawrence Fisher
- National and International Returns to Scale in the Modern Theory of International Trade pp. 389-405

- Wilfred Ethier
- Irregular Growth Cycles pp. 406-14

- Richard H Day
- Adjustment Costs, Uncertainty, and the Behavior of the Firm pp. 415-27
- Robert Pindyck
- The Demand for Leisure and Nonpecuniary Job Characteristics pp. 428-40

- Barbara Atrostic
- Backlogs and the Value of Excess Capacity in the Steel Industry pp. 441-51

- Arthur De Vany and Gail Frey
- The Political Economy of Administered Protection pp. 452-66

- Joseph Finger, Homer Hall and Douglas Nelson
- The Scheduling of Consumer Activities: Work Trips pp. 467-79

- Kenneth Small
- Deficient Foresight: A Troublesome Theme in Keynesian Economics pp. 480-87

- Alan Coddington
- Inferences Concerning Labor Supply Behavior Based on Limited-Duration Experiments pp. 488-97

- Gary Burtless and David Greenberg
- An Empirical Investigation of the Returns to Job Search pp. 498-501

- Bob Chirinko
- Inflationary Expectations: Comment pp. 502-07

- Douglas W Mitchell and Herbert E Taylor
- Inflationary Expectations: Reply and Further Thoughts on Inflation Uncertainty pp. 508-12

- Alex Cukierman and Paul Wachtel
- The Arrow-Lind Theorem in a Continuum Economy: Note pp. 513
- Peter J W N Bird
- Preemptive Patenting and the Persistence of Monopoly pp. 514-26

- Richard Gilbert and David M Newbery
- Retail Bank Deposits as Quasi-Fixed Factors of Production pp. 527-36

- Mark Flannery
- Dependency Rates and Aggregate Savings: A New International Cross-Section Study pp. 537-44

- Rati Ram
- Monetary Policy, Homeostasis, and the Transmission Mechanism pp. 545-54

- John Pippenger
- Theory of the Firm in "Short-Run" Industry Equilibrium pp. 555-62

- Ronald A Heiner
- Incentives and Proxies for Indexed Bond Issues: Comment pp. 563-65

- Kelly, William A,
- Incentives and Proxies for Indexed Bond Issues: Reply pp. 566-68

- J. Huston McCulloch
- Economic Theory of Choice and the Preference Reversal Phenomenon: A Reexamination pp. 569-74

- Werner W Pommerehne, Friedrich Schneider and Peter Zweifel
- Economic Theory of Choice and the Preference Reversal Phenomenon: Reply pp. 575
- David Grether and Charles Plott
- Preference Reversal: Further Evidence and Some Suggested Modifications in Experimental Design pp. 576-84

- Robert Reilly
- Short-Run Price Effects of the Corporate Income Tax and Implications for International Trade: Comment pp. 585-88

- Albert A Schulman
- Short-Run Price Effects of the Corporate Income Tax and Implications for International Trade: Reply pp. 589
- James Melvin
- The Life Cycle Hypothesis and Aggregate Household Saving [Empirical Tests of the Life Cycle Hypothesis] pp. 590-96

- Lars Soderstrom
- Journals as Shared Goods: Comment pp. 597-602

- Stan Liebowitz and Stephen E Margolis
- Journals as Shared Goods: Reply pp. 603-07

- J A Ordover and Robert Willig
Volume 72, issue 2, 1982
- The Economists and the Problem of Monopoly pp. 1-11
- George Stigler
- Recent Developments in Oligopoly Theory pp. 12-17

- Avinash Dixit
- Imperfect Information, Monopolistic Competition, and Public Policy pp. 18-23

- Alan Schwartz and Louis L Wilde
- Antitrust and the New Industrial Economics pp. 24-28

- Richard Schmalensee
- Financial Innovation-The Conflict between Micro and Macro Optimality pp. 29-34

- Thomas Mayer
- The Short-Run Demand for Money: A New Look at an Old Problem pp. 35-39

- George Akerlof
- On the Adequacy of Policy Instruments and Information When the Meaning of Money Is Changing pp. 40-44

- Donald D Hester
- Can We Sterilize? Theory and Evidence pp. 45-50

- Maurice Obstfeld
- Activist Policy in the Open Economy pp. 51-55

- Robert Flood
- Stabilization Policies in the World Economy: Scope and Skepticism pp. 56-61

- Jeffrey Sachs
- The Role and Responsibilities of the Economist in Government pp. 62-66

- Charles L Schultze
- Government and Inflation pp. 67-71

- Richard Lipsey
- The Failure of Education as an Economic Strategy pp. 72-76

- Lester Thurow
- Establishing Credibility: Strategic Considerations pp. 77-80

- Thomas Schelling
- Establishing Credibility: A Rational Expectations Viewpoint pp. 81-85

- John Taylor
- Credibility and Demand Restraint pp. 86-89

- Val Koromzay
- In Defense of the Credibility Hypothesis pp. 90-91

- William Fellner
- The Prisoners' Dilemma in the Invisible Hand: An Analysis of Intrafirm Productivity pp. 92-97

- Harvey Leibenstein
- The Field Network Evaluation Studies of Intergovernmental Grants: A Contrast with the Orthodox Economic Approach pp. 98-102

- V Lane Rawlins and Richard P Nathan
- "Optimizing" in Households, toward a Behavioral Theory pp. 103-08

- Ruth P Mack and T James Leigland
- Congress as the pp. 109-13

- Mark J Moran and Barry Weingast
- An Evaluation of Economists' Influence on Electric Utility Rate Reforms pp. 114-19
- Jan Paul Acton
- Implementing Marketable Emissions Permits pp. 120-24

- Roger Noll
- The Economics Curriculum in the United States: 1980 pp. 125-38

- John Siegfried and James Wilkinson
- The Economics Major: What It Is and What It Should Be: Panel Discussion pp. 139
- Robert Solow
- The Economics Major: What It Is and What It Should Be: Panel Discussion pp. 139-40

- D. Johnson
- The Economics Major: What It Is and What It Should Be: Panel Discussion pp. 140-41
- Robert J Lampman
- The Economics Major: What It Is and What It Should Be: Panel Discussion pp. 141-42
- Bernard Saffron
- Stagflation and the Political Economy of the Decline in Productivity pp. 143-48
- Mancur Olson
- Inflation and the Productivity Decline pp. 149-54

- Peter Clark
- Redistribution, Growth, and Political Stability pp. 155-59

- Dennis Mueller
- Obstables to Economic Parity for Women pp. 160-65

- Nancy S Barrett
- Equal Credit Opportunity: Women and Mortgage Credit pp. 166-70

- Helen Ladd
- The Impact of Equal Opportunity Policy on Sex Differentials in Earnings and Occupations pp. 171-75

- Andrea Beller
- The Economic Case for Limits to Government pp. 176-83

- Robert P Inman
- Did Proposition 13 Slay Leviathan? pp. 184-90

- Perry Shapiro and Jon Sonstelie
- Government and Health Outcomes pp. 191-95

- Michael Grossman
- Government and the Regulation of Hospital Care pp. 196-201

- Frank Sloan
- Government and the Financing of Health Care pp. 202-07
- Gail R Wilensky
- Cost Effectiveness and Cost-Benefit Analysis of Air Quality Regulations pp. 208-13

- Lewis J Perl and Frederick C Dunbar
- The Importance of Exposure in Evaluating and Designing Environmental Regulations: A Case Study pp. 214-19
- Albert L Nichols
- Evaluating the Costs and Benefits of Appliance Efficiency Standards pp. 220-25

- Jerry Hausman and Paul Joskow
- What] Another Minimum Wage Study? pp. 226-32
- Mary Eccles and Richard Freeman
- Employment Statistics: The Interaction of Economics and Policy pp. 233-36

- Orley Ashenfelter and Gary Solon
- The Interaction between Research and Policy: The Case of Unemployment Insurance pp. 237-41
- Daniel Hamermesh
- How Fast Should We Graze the Global Commons? pp. 242-46

- William Nordhaus
- Risks, Costs, and Benefits of Fluorocarbon Regulation pp. 247-50
- Martin J Bailey
- Carbon Dioxide and Intergenerational Choice pp. 251-56

- Ralph d'Arge, William D Schulze and David Brookshire
- Mitigating Strategies for Carbon Dioxide Problems pp. 257-61

- Lester Lave
- Environmental Indivisibilities and Information Costs: Fanaticism, Agnosticism, and Intellectual Progress pp. 262-66

- Mancur Olson
- The International Response to the Threat of Chlorofluorocarbons to Atmospheric Ozone pp. 267-72

- Thomas E Downing and Robert W Kates
- Prospects for Reforming Federal Pay pp. 273-77

- Sharon P Smith
- Sources of Growth in Local Government Employment: California, 1964-78 pp. 278-82

- Frank Levy, Dale Shimasaki and Bonnie Berk
- Pension Wealth of Government and Private Sector Workers pp. 283-87
- Joseph Quinn
- Issues in Measuring the Level of Government Economic Activity pp. 288-95

- George F Break
- Federal Government Deficits: Some Myths and Realities pp. 296-303

- Michael J Boskin
- Labor-Market Experience of the Almost Old and the Implications for Income Support pp. 304-08

- Richard Burkhauser and John A Turner
- Guns vs. Canes: The Fiscal Implications of an Aging Population pp. 309-13

- Barbara Boyle Torrey
- Real Income and Wealth of the Elderly pp. 314-18

- Michael Hurd and John B Shoven
- Imports and the Future of the U.S. Automobile Industry pp. 319-23

- Jose A Gomez-Ibanez and Harrison, David,
- The Cost of Automobile Safety and Emissions Regulation to the Consumer: Some Preliminary Results pp. 324-27

- Robert W Crandall, Theodore E Keeler and Lester Lave
- Differentiated Regulation: The Case of Auto Emissions Standards pp. 328-31

- Howard K Gruenspecht
- U.S. Automotive Emissions Controls: How Well Are They Working? pp. 332-35

- Lawrence White
- American Government Expenditures: A Historical Perspective pp. 336-40

- Douglass North and John Joseph Wallis
- The Welfare State and Long-Term Economic Growth: Marxian, Neoclassical, and Keynesian Approaches pp. 341-45

- Herbert Gintis and Samuel Bowles
- Taxes and the Size of Government pp. 346-50

- Benjamin Ward
- The Political Economy of Budget Choices: A View from Congress pp. 351-55

- Alice Rivlin
- Organizing Economic Advice to the President: A Modest Proposal pp. 356-60

- Roger B Porter
- Rules, Discretion, and Reality pp. 361-66

- Stephen M Goldfeld
- Institutionalizing Majority Rule: A Social Choice Theory with Policy Implications pp. 367-71

- Kenneth A Shepsle and Barry Weingast
- Targeting Transfers through Restrictions on Recipients pp. 372-77

- Albert L Nichols and Richard Zeckhauser
- Cracks on the Demand Side: A Year of Crisis in Theoretical Macroeconomics pp. 378-81

- Edmund Phelps
- Beyond Demand and Supply Curves in Macroeconomics pp. 382-89

- Thomas Sargent
- Macroeconomics of Stagflation under Flexible Exchange Rates pp. 390-95

- Pentti J K Kouri
Volume 72, issue 1, 1982
- Contestable Markets: An Uprising in the Theory of Industry Structure pp. 1-15
- William Baumol
- The Theory of Trade in Middle Products pp. 16-31

- Kalyan K Sanyal and Ronald Jones
- Capital Fixity, Innovations, and Long-Term Contracting: An Intertemporal Economic Theory of Regulation pp. 32-46

- Robert Ekelund and Richard S Higgins
- Barriers to Entry pp. 47-57

- Harold Demsetz
- Competitive Market Institutions: Double Auctions vs. Sealed Bid-Offer Auctions pp. 58-77

- Smith, Vernon L, et al
- Efficient Rules in Highway Safety and Sports Activity pp. 78-90

- Donald Wittman
- An Economic Model of the Brain Drain pp. 91-100

- Viem Kwok and Hayne Leland
- Social Insurance and Consumption: An Empirical Inquiry pp. 101-13

- Daniel Hamermesh
- The Schumpeterian Tradeoff Revisited pp. 114-32
- Richard Nelson and Sidney Winter
- Veteran Status as a Screening Device pp. 133-42

- Dennis De Tray
- Inflation Expectations and the Demand for Housing pp. 143-53
- Robert M Schwab
- Inflation, Housing Costs, and the Consumer Price Index pp. 154-64

- Ann Dougherty and Robert Van Order
- Valuing Public Goods: A Comparison of Survey and Hedonic Approaches pp. 165-77

- Brookshire, David S, et al
- Stochastic Dominance, Mean Variance, and Gini's Mean Difference pp. 178-85

- Shlomo Yitzhaki
- Inventory Investment and the Theory of the Firm pp. 186-93

- Lanny Arvan and Leon N Moses
- On Capturing Oil Rents with a National Excise Tax pp. 194-201

- Ted Bergstrom
- On Barro's Theorem of Debt Neutrality: The Irrelevance of Net Wealth pp. 202-13
- Jeffrey Carmichael
- The Theory of Real Wage Indices pp. 214-25
- David Cleeton
- The Golden Rule Again: Comment [The Golden Rule with Endogenous Participation Rate] pp. 226-27
- Kanhaya L Gupta and M Shabany-Ghazvini
- The Golden Rule Again: Reply [The Golden Rule with Endogenous Participation Rate] pp. 228
- Larry Samuelson
- The Educational Process and Student Achievement Given Uncertainty in Measurement pp. 229-36

- William Becker
- Inflation and the Stock Market: Comment pp. 237-42
- Irwin Friend and Joel Hasbrouck
- Inflation and the Stock Market: Reply pp. 243-46

- Martin Feldstein
- The Output Distribution Frontier: A Comment and Further Consideration [The Output Distribution Frontier: Alternatives to Income Taxes and Transfers for Strong Equality Goals] pp. 247-55
- Hamlen, William A,
- Welfare and Collusion: Comment [Information, Entry, and Welfare: The Case for Collusion] pp. 256-58

- Kari Bullock and Sumner La Croix
- Welfare and Collusion: Comment [Information, Entry, and Welfare: The Case for Collusion] pp. 259-64

- Oliver Grawe and Thomas Overstreet
- Welfare and Collusion: Comment [Information, Entry, and Welfare: The Case for Collusion] pp. 265-67

- Koller, Roland H,
- Welfare and Collusion: Comment [Information, Entry, and Welfare: The Case for Collusion] pp. 268-71

- Don E Waldman
- Welfare and Collusion: Comment [Information, Entry, and Welfare: The Case for Collusion] pp. 272-75

- Philip L Williams
- Welfare and Collusion: Reply [Information, Entry, and Welfare: The Case for Collusion] pp. 276-81

- Donald Dewey
- A Theory and Test of Credit Rationing: Some Further Results: Errata pp. 282
- Enrique Arzac, Robert A Schwartz and David K Whitcomb
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