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 67, issue 5, 1977
- On the Proper Cost Tests for Natural Monopoly in a Multiproduct Industry pp. 809-22

- William Baumol
- Comparative Advantage, Trade, and Payments in a Ricardian Model with a Continuum of Goods pp. 823-39

- Rüdiger Dornbusch, Stanley Fischer and Paul A Samuelson
- Demand for International Media of Exchange pp. 840-50

- K Alec Chrystal
- Structural Expectations and the Effectiveness of Government Policy in a Short-Run Macroeconomic Model pp. 851-66

- Stephen J Turnovsky
- Public Services, Private Substitutes, and the Demand for Protection against Crime pp. 867-77

- Charles Clotfelter
- Reswitching, Wicksell Effects, and the Neoclassical Production Function pp. 878-88

- David Laibman and Edward J Nell
- Distributional Neutrality and Optimal Commodity Taxation pp. 889-98

- David Wildasin
- Involuntary Saving through Unanticipated Inflation pp. 899-910

- Angus Deaton
- Price Behavior in U.S. Manufacturing: An Empirical Analysis of the Speed of Adjustment pp. 911-25

- Leonard Sahling
- Relative Earnings Mobility in the United States pp. 926-41

- Bradley R Schiller
- How Far Can We Push the "Law of One Price"? pp. 942-48

- Peter Isard
- Education and Screening pp. 949-58

- Kenneth I Wolpin
- Trade as Aid: The Political Economy of Tariff Preferences for Developing Countries pp. 959-67

- Rachel McCulloch and Jose Pinera
- The Regulated Firm with a Fixed Proportion Production Function pp. 968-71

- Thomas E Kennedy
- Intergenerational Equity and the Investing of Rents from Exhaustible Resources pp. 972-74

- John M Hartwick
- Tariffs vs. Quotas as Revenue Raising Devices under Uncertainty pp. 975-81

- Partha Dasgupta and Joseph Stiglitz
- Land and Zoning in an Urban Economy: Further Results pp. 982-86

- Elhanan Helpman and David Pines
- Pareto-Desirable Redistribution in Kind: An Impossibility Theorem pp. 987-90

- Geoffrey Brennan and Cliff Walsh
- Comparing Utility Functions in Efficiency Terms or, What Kind of Utility Functions Do We Want? pp. 991-95

- Burton A Weisbrod
- The Value of Time in Consumption and Residential Location in an Urban Setting pp. 996-1003

- Oded Hochman and Haim Ofek
- Labor Supply and the Payroll Tax: Note pp. 1004-05

- Robert Moffitt
- Peak Load Pricing with Stochastic Demand pp. 1006-10

- Dennis Carlton
- Search in the Labor Market and the Duration of Unemployment: Note pp. 1011-13

- Robert Feinberg
Volume 67, issue 4, 1977
- A Monetary Model of Exchange Market Pressure Applied to the Postwar Canadian Experience pp. 537-48

- Lance Girton and Don Roper
- Hedonic Wage Equations and Psychic Wages in the Returns to Schooling pp. 549-58

- Robert Lucas
- Homothetic and Non-Homothetic CES Production Functions pp. 559-69

- Ryuzo Sato
- Who Benefits from Economic Development?-A Reexamination of Brazilian Growth in the 1960's pp. 570-82

- Gary Fields
- Product Quality, Uncertainty, and Regulation: The Trucking Industry pp. 583-94

- Arthur S De Vany and Thomas R Saving
- An Empirical Inquiry on the Short-Run Dynamics of Output and Prices pp. 595-609

- Roque Fernández
- Stigler, Kindahl, and Means on Administered Prices pp. 610-19

- Leonard W Weiss
- Income and Urban Residence: An Analysis of Consumer Demand for Location pp. 620-31

- William C Wheaton
- On Donor Sovereignty and United Charities pp. 632-38

- Franklin M Fisher
- Do Schools Make a Difference? pp. 639-52

- Anita A Summers and Barbara Wolfe
- The Forward Exchange Rate, Expectations, and the Demand for Money: The German Hyperinflation pp. 653-70

- Jacob A Frenkel
- Budget Displacement Effects of Inflationary Finance pp. 671-82

- Jerry Green and Eytan Sheshinski
- Job Search, Labor Supply, and the Quit Decision: Theory and Evidence pp. 683-91

- John Barron and Stephen McCafferty
- Faculty Skills and the Salary Structure in Academe: A Market Perspective pp. 692-702

- Howard P Tuckman, James H Gapinski and Robert P Hagemann
- Health, Family Structure, and Labor Supply pp. 703-12

- Donald Parsons
- Trade Creation and Trade Diversion in the Council of Mutual Economic Assistance: 1954-70 pp. 713-22

- Joseph Pelzman
- Two-Sector Aggregative Models and the Investment Demand Function pp. 723-27

- Geoffrey Woglom
- Some International Evidence on Output-Inflation Tradeoffs: Comment pp. 728-30

- Marcelle Arak
- Some International Evidence on Output-Inflation Tradeoffs: Reply pp. 731
- Robert Lucas
- The Price Equation: A Cross-Sectional Approach pp. 732-40

- Ronald P Wilder, C Glyn Williams and Davinder Singh
- Unemployment, Inflation, and Monetarism: A Further Analysis pp. 741-46

- Robert Van Order
- Measurement of Tax Progressivity pp. 747-52

- Daniel B Suits
- On the Optimal Size of Underpriced Facilities pp. 753-60

- Richard C Porter
- Welfare-Maximizing Price and Output with Stochastic Demand: Note pp. 761-63

- Per Andersen
- Equilibrium Concepts in the Theory of Public Goods pp. 764-65

- Bruce N Angier and Thomas S McCaleb
- Multiperiod Consumption-Investment Decisions: Further Comments pp. 766-67

- William T Ziemba
- On the Theory of the Competitive Firm under Price Uncertainty: Note pp. 768-69

- Yasunori Ishii
- Externalities in a Regulated Industry: The Aircraft Noise Problem pp. 770-74

- Jerold B Muskin and Sorrentino, John A,
Volume 67, issue 3, 1977
- Concepts of Optimality and Their Uses pp. 261-74

- Tjalling Koopmans
- Explaining the Relative Efficiency of Slave Agriculture in the Antebellum South pp. 275-96

- Robert Fogel and Stanley L Engerman
- Monopolistic Competition and Optimum Product Diversity pp. 297-308

- Avinash Dixit and Joseph Stiglitz
- Vertical Control by Labor Unions pp. 309-22

- Frederick R Warren-Boulton
- Black-White Male Wage Ratios: 1960-70 pp. 323-38

- James P Smith and Finis Welch
- Tax Credits for Employment Rather Than Investment pp. 339-49

- Jonathan R Kesselman, Samuel H Williamson and Ernst R Berndt
- Weak Invisible Hand Theorems on the Sustainability of Multiproduct Natural Monopoly pp. 350-65

- William Baumol, Elizabeth Bailey and Robert Willig
- Risk and the Theory of Indexed Bonds pp. 366-75

- Nissan Liviatan and David Levhari
- American Taxation of Multinational Firms pp. 376-89
- Thomas Horst
- Inflationary Finance and the Dynamics of Inflation: Indonesia, 1951-72 pp. 390-403

- Bijan B Aghevli and Mohsin Khan
- The Use of Approximation Analysis to Test for Separability and the Existence of Consistent Aggregates pp. 404-18

- Michael Denny and Melvyn A Fuss
- The Short-Run Dynamics of Prices and the Balance of Payments pp. 419-28

- Mario I Blejer
- Measuring the Expected Real Rate of Interest: An Exploration of Macroeconomic Alternatives pp. 429-44
- J Walter Elliott
- The Deterrent Effect of Capital Punishment: Another View pp. 445-51

- Peter Passell and John Taylor
- The Deterrent Effect of Capital Punishment: Reply pp. 452-58

- Isaac Ehrlich
- The Coase Proposition, Information Constraints, and Long-Run Equilibrium: Comment pp. 459-61

- Henry B Hansmann
- The Coase Proposition, Information Constraints, and Long-Run Equilibrium: Reply pp. 462-63

- William D Schulze and Ralph d'Arge
- Nontraded Goods, Factor Market Distortions, and the Gains from Trade: Comment pp. 464-66

- Hiroshi Ono
- Nontraded Goods, Factor Market Distortions, and the Gains from Trade: Reply pp. 467-68
- Raveendra N Batra
- Short-Term Interest Rates as Predictors of Inflation: Comment pp. 469-75
- John Carlson
- Short-Term Interest Rates as Predictors of Inflation: Comment pp. 476-77

- Douglas Joines
- Short-Term Interest Rates as Predictors of Inflation: On Testing the Hypothesis That the Real Rate of Interest is Constant pp. 478-86

- Charles Nelson and G William Schwert
- Interest Rates and Inflation: The Message in the Entrails pp. 487-96

- Eugene Fama
- The Measurement and Trend of Inequality: Comment pp. 497-501

- Eric R Nelson
- The Measurement and Trend of Inequality: Comment pp. 502-04

- William Johnson
- The Measurement and Trend of Inequality: Comment pp. 505-12

- Sheldon Danziger, Robert H Haveman and Eugene Smolensky
- The Measurement and Trend of Inequality: Comment pp. 513-16

- Joseph J Minarik
- The Measurement and Trend of Inequality: Comment pp. 517-19

- C John Kurien
- The Measurement and Trend of Inequality: Reply pp. 520-31

- Morton Paglin
Volume 67, issue 2, 1977
- The Monetarist Controversy or, Should We Forsake Stabilization Policies? pp. 1-19
- Franco Modigliani
- Should Government Subsidize Risky Private Projects? pp. 20-28

- Joram Mayshar
- "Strategic" Wage Goods, Prices, and Inequality pp. 29-41

- Jeffrey Williamson
- Inequality: Earnings vs. Human Wealth pp. 42-53
- Lee Lillard
- Devaluation and Portfolio Balance pp. 54-63

- Russell Boyer
- Price Dependent Preferences pp. 64-75

- Robert Pollak
- De Gustibus Non Est Disputandum pp. 76-90
- George J Stigler and Gary Becker
- Constant-Utility Index Numbers of Real Wages pp. 91-100

- John Pencavel
- Unanticipated Money Growth and Unemployment in the United States pp. 101-15
- Robert Barro
- Mean-Risk Analysis with Risk Associated with Below-Target Returns pp. 116-26
- Peter C Fishburn
- Quality Choice and Competition pp. 127-37

- Hayne Leland
- Residential Decentralization, Land Rents, and the Benefits of Urban Transportation Investment pp. 138-43

- William C Wheaton
- A Bid-Rent Analysis of Housing Market Discrimination pp. 144-55

- George Galster
- Intertemporal Utility Maximization and the Timing of Transactions pp. 156-65

- Peter Howitt
- Did the 1968 Surcharge Really Work? Comment pp. 166-69

- Arthur M Okun
- Did the 1968 Surcharge Really Work? Reply pp. 170-72

- William L Springer
- Local vs. National Pollution Control: Note pp. 173-75

- Fredric Menz and Jon R Miller
- Environment-Externalizing the Internalities? pp. 176-78

- Abba P Lerner
- Market Structure and Product Varieties pp. 179-82

- Lawrence White
- Import Demand and Export Supply: An Aggregation Theorem pp. 183-87

- Ronald Jones and Eitan Berglas
- A Note on the Arrow-Lind Theorem pp. 188-93

- L P Foldes and Ray Rees
- On Returns to Scale and the Stability of Competitive Equilibrium pp. 194-98

- Gérard Gaudet
- The Earnings and Promotion of Women Faculty: Comment pp. 199-206

- Stephen Farber
- The Earnings and Promotion of Women Faculty: Comment pp. 207-13

- Myra H Strober and Aline O Quester
- The Earnings and Promotion of Women Faculty: Reply pp. 214-17

- George Johnson and Frank P Stafford
- On the Length of Spells of Unemployment in Sweden: Comment pp. 218-21

- Roger Axelsson, Bertil Holmlund and Karl-Gustaf Lofgren
- On the Length of Spells of Unemployment in Sweden: Reply pp. 222-24

- Nancy Smith Barrett
- Earnings, Productivity, and Changes in Employment Discrimination during the 1960's: Additional Evidence pp. 225-27

- James E Long
- Excess Demand, Search, and Price Dynamics pp. 228-35

- Stephen McCafferty
- Firm-Specific Evidence on Racial Wage Differentials and Workforce Segregation pp. 236-45

- Robert Higgs
- A Note on Short-Run Asset Effects on Household Saving and Consumption pp. 246-48

- Frederic Mishkin
- Firm Output and Changes in Uncertainty pp. 249-51

- Donald V Coes
- Academic Achievement and Job Performance: Note pp. 252-54

- Edward Lazear
Volume 67, issue 1, 1977
- Two Centuries of Economic Growth: Reflections on U.S. Experience pp. 1-14
- Simon Kuznets
- What Difference Did the Beginning Make? pp. 15-20

- J R T Hughes
- American Technology: Imported or Indigenous? pp. 21-26

- Nathan Rosenberg
- Human Capital in the First 80 Years of the Republic: How Much Did America Owe the Rest of the World? pp. 27-31

- Robert E Gallman
- Adam Smith on Human Capital pp. 32-36

- Joseph J Spengler
- Smith and Ricardo: Aspects of the Nineteenth-Century Legacy pp. 37-41

- Samuel Hollander
- A Modern Theorist's Vindication of Adam Smith pp. 42-49
- Paul A Samuelson
- National Economic Planning: The U.S. Case pp. 50-54

- Richard A Musgrave
- Market and Plan; Plan and Market: The Case of Yugoslavia pp. 55-60

- Deborah D Milenkovitch
- Market and Plan; Plan and Market: The Soviet Case pp. 61-66

- Aron Katsenelinboigen and Herbert S Levine
- Market and Plan; Plan and Market: Discussion pp. 67-68

- Paul M Sweezy
- Market and Plan; Plan and Market: Discussion pp. 68-70
- Gary Fromm
- On International Comparisons of Inequality pp. 71-75

- Graham Pyatt
- Entrepreneurship, Social Mobility, and Income Redistribution in South India pp. 76-80
- E Wayne Nafziger
- Information Costs, Corporate Hierarchies, and Earnings Inequality pp. 81-85

- Christopher K Clague
- Financing Public Higher Education pp. 86-89

- Walter Adams
- The Benefits and Burdens of Federal Financial Assistance to Higher Education pp. 90-95

- Earl F Cheit
- Economic Problems Confronting Higher Education: An Institutional Perspective pp. 96-100

- William G Bowen
- What Economics Is Most Important to Teach: The Hansen Committee Report pp. 101-04
- Rendigs Fels
- Teaching Principles of Economics: The Joint Council Experimental Economics Course Project pp. 105-09

- Allen C Kelly
- Capital Shortage: Myth and Reality pp. 110-15

- Robert Eisner
- Does the United States Save too Little? pp. 116-21
- Martin Feldstein
- Some Reflections on Capital Requirements for 1980 pp. 122-27

- Beatrice N Vaccara
- The Theory of Domestic Inflation pp. 128-34

- Robert Gordon
- Measuring Prices-and Wages pp. 135-40

- Jack E Triplett
- An Integrated Model of Final and Intermediate Demand by Stage of Process: A Progress Report pp. 141-47

- Joel Popkin
- The Explanation of Inflation: Some International Evidence pp. 148-54

- Karl Brunner and Allan Meltzer
- Export Prices and the Transmission of Inflation pp. 155-63

- Irving B Kravis and Robert Lipsey
- A "Monetarist" Analysis of the Generation and Transmission of World Inflation: 1958-71 pp. 164-71

- Michael Parkin
- Micro Theory of International Financial Intermediation pp. 172-79

- Charles Freedman
- The Microeconomics of the Firm in an Open Economy pp. 180-89

- Michael Adler and Bernard Dumas
- Modeling the Interdependence of National Money and Capital Markets pp. 190-99

- Dale W Henderson
- Irving Fisher and Autoregressive Expectations pp. 200-205

- John Rutledge
- The Anatomy of Monetary Theory pp. 206-12

- Robert W Clower
- Price Expectations and Stability in a Short-Run Multi-Asset Macro Model pp. 213-18

- Edwin Burmeister and Stephen J Turnovsky
- Extended Sympathy and the Possibility of Social Choice pp. 219-25

- Kenneth Arrow
- Information and Performance in the (New)2 Welfare Economics pp. 226-34

- Stanley Reiter
- Marginal Cost Pricing in the 1930's pp. 235-39

- Abba P Lerner
- Welfare Economics: Discussion pp. 240-42
- Thomas Marschak
- Welfare Economics: Discussion pp. 240
- Abram Bergson
- Welfare Economics: Discussion pp. 242-43
- Jerry S Kelly
- Uncertainty, Production Lags, and Pricing pp. 244-49

- Dennis Carlton
- Resource Extraction with Differential Information pp. 250-54

- Richard Gilbert
- Nonprice Competition pp. 255-59
- A. Spence
- Does Your Probability of Death Depend on Your Environment? A Microanalytic Study pp. 260-64

- Orcutt, Guy H, et al
- Macroeconomic Effects of a Humphrey-Hawkins Type Program pp. 265-70

- Barbara Bergmann and Robert L Bennett
- Simulation of Schumpeterian Competition pp. 271-76

- Richard Nelson and Sidney Winter
- Competition and Market Processes in a Simulation Model of the Swedish Economy pp. 277-81

- Gunnar Eliasson
- Public Expenditure and Private Profit: Budgetary Decision in the British Empire, 1860-1912 pp. 282-87

- Lance E Davis and Robert A Huttenback
- U.K. Savings in the Age of High Imperialism and After pp. 288-94

- Michael Edelstein
- Some Lessons from the New Public Finance pp. 295-301

- Joseph Stiglitz and Michael J Boskin
- Investment and Pricing Policy in the French Public Sector pp. 302-13

- H Levy-Lambert
- Impact of Recent Developments in Public Finance Theory on Public Policy Decisions: Discussion pp. 314-15

- David Bradford
- Ethics in Economics pp. 316-20

- Leonard S Silk
- Professional Standards for the Performance of the Government Economist pp. 321-25

- John B Henderson
- Environment, Health, and Economics-The Case of Cancer pp. 326-32

- Allen V Kneese and William D Schulze
- Incidence of the Benefits and Costs of Environmental Programs pp. 333-40

- Robert Dorfman
- Economic Growth and Climate: The Carbon Dioxide Problem pp. 341-46

- William Nordhaus
- Externalities in a Regulated Industry: The Aircraft Noise Problem pp. 347-50

- Jerold B Muskin and Sorrentino, John A,
- Second Best Pricing Policies for an Exhaustible Resource pp. 351-54

- Donald A Hanson
- Public Policies Toward the Use of Scrap Materials pp. 355-58

- Robert C Anderson
- Consumer Protection Regulation in Ethical Drugs pp. 359-64

- Henry G Grabowski and John M Vernon
- The Characteristics of Optimum Inventions: An Isotech Approach pp. 365-69

- Roger McCain
- The Effects of the Rural Income Maintenance Experiment on the School Performance of Children pp. 370-75

- Rebecca A Maynard
- Sons of Immigrants: Are They at an Earnings Disadvantage? pp. 376-80
- Barry Chiswick
- Short-run Housing Responses to Changes in Income pp. 381-86

- Elizabeth A Roistacher
- Toward a Marxian Model of Economic Growth pp. 387-92

- David Laibman
- Econometric Methodology in Radical Economics pp. 393-99

- Dale J Poirier
- A Labor Force Competition Theory of Discrimination in the Labor Market pp. 400-404

- David H Swinton
- Black-White Differences in Income and Wealth pp. 405-09

- Stephen D Franklin and James D Smith
- Wives' Labor Force Behavior and Family Consumption Patterns pp. 410-17

- Myra H Strober
- Capacity: An Integrated Micro and Macro Analysis pp. 418-22

- Gordon Winston
- A General Equilibrium Approach to Estimating the Costs of Domestic Distortions pp. 423-28

- Jaime de Melo
- Agricultural Development on the Frontier: The Case of Siberia under Nicholas II pp. 429-32
- Daniel R Kazmer
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