European Economic Review

1969 - 2025

Current editor(s): T.S. Eicher, A. Imrohoroglu, E. Leeper, J. Oechssler and M. Pesendorfer

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Volume 40, issue 9, 1996

Macroeconomic performance and convergence in OECD countries pp. 1683-1704

Javier Andrés, Rafael Domenech and Cesar Molinas

Local public expenditure in Sweden a model where the median voter is not necessarily decisive pp. 1705-1716

Thomas Aronsson and Magnus Wikstrom

Non-discriminating renegotiation in a competitive insurance market pp. 1717-1736

Geir Asheim and Tore Nilssen

On the political economy of immigration pp. 1737-1743

Jess Benhabib

Product quality and the theory of comparative advantage pp. 1745-1760

Brian Copeland and Ashok Kotwal

Poverty measurement with contaminated data: A robust approach pp. 1761-1771

Frank Cowell and Maria-Pia Victoria-Feser

Regulating an externality-generating public utility: A multi-dimensional screening approach pp. 1773-1797

Henry van Egteren

Decreasing absolute prudence: Characterization and applications to second-best risk sharing pp. 1799-1815

Christian Gollier

Corporate taxation, incumbency advantage and entry pp. 1817-1828

Elie Appelbaum and Eliakim Katz

Erratum Regional risksharing European Economic Review 39 (1995) 1545-1567 pp. 1831-1832

Eric van Wincoop

Volume 40, issue 8, 1996

Increasing the capital income tax may lead to faster growth pp. 1521-1540

Harald Uhlig and Noriyuki Yanagawa

Factor shares in OLG models of growth pp. 1541-1560

Giuseppe Bertola

Jointly determined saving and fertility behaviour: Theory, and estimates for Germany, Italy, UK and USA pp. 1561-1589

Alessandro Cigno and Furio Rosati

Insider trading restrictions and the stock market: Evidence from the Amsterdam Stock Exchange pp. 1591-1603

Rezaul Kabir and Theo Vermaelen

Trade policy subtleties with multinational firms pp. 1605-1627

Florencio Lopez-de-Silanes, James Markusen and Thomas Rutherford

Interest rates and fiscal discipline in monetary unions pp. 1629-1646

Fernando Restoy

Taxes, uncertainty, and long-term growth pp. 1647-1664

William T. Smith

Labor and credit contracts with asymmetric information and bankruptcy pp. 1665-1682

Theofanis Tsoulouhas

Volume 40, issue 7, 1996

Informational efficiency and welfare in the stock market pp. 1379-1411

Gerhard O. Orosel

Fiscal policy when monetary policy is tied to the mast pp. 1413-1440

Jonas Agell, Lars Calmfors and Gunnar Jonsson

Rationing of sales and price setting pp. 1441-1451

Torben M. Andersen

Location in the Hotelling duopoly model with demand uncertainty pp. 1453-1461

Ronald Balvers and László Szerb

Minimum wage unemployment and growth pp. 1463-1482

Pierre Cahuc and Philippe Michel

Managerial husbandry and the dynamics of ongoing hierarchies pp. 1483-1499

Dominique Demougin and Aloysius Siow

Are the unemployed unemployable? pp. 1501-1519

Gilles Saint-Paul

Volume 40, issue 6, 1996

Income distribution, political instability, and investment pp. 1203-1228

Alberto Alesina and Roberto Perotti

Domestic savings, intra-national and intra-European Union capital flows, 1971-1991 pp. 1229-1235

Harvey W. Armstrong, Vudayagiri Balasubramanyam and Mohammed A. Salisu

International evidence on the sources of macroeconomic fluctuations pp. 1237-1258

Michael Bergman

On the persistence of rationing following liberalization: A theory for economies in transition pp. 1259-1279

Daniel Berkowitz

Deregulation and productivity decline: The case of Spanish bavings banks pp. 1281-1303

Emili Grifell-Tatje and C. Lovell

Firm start-up size: A conditional quantile approach pp. 1305-1323

José Mata and José António Machado

Regional cohesion: Evidence and theories of regional growth and convergence pp. 1325-1352

Xavier Sala-i-Martin

Empirics for economic growth and convergence pp. 1353-1375

Danny T. Quah

Volume 40, issue 3-5, 1996

On the detection of collusion and predation pp. 495-510

Louis Phlips

Technology and market structure pp. 511-530

John Sutton

On the heterogeneity of firms pp. 531-539

Lars-Hendrik Roller and Bernard Sinclair-Desgagné

The starfish effect: Can market entry by one firm encourage further entry by others? pp. 541-550

Paul Seabright

What makes firms vulnerable to recessionary pressures? pp. 551-557

Paul Geroski and Paul Gregg

Toward a theory of legal reform pp. 559-567

Jonathan R. Hay, Andrei Shleifer and Robert Vishny

Incomplete contracts and privatization pp. 569-579

Klaus Schmidt

Exit and voice after mass privatization: The case of Russia pp. 581-588

Roman Frydman, Katharina Pistor and Andrzej Rapaczynski

Social learning and rational expectations pp. 589-601

Xavier Vives

Rational herding in financial economics pp. 603-615

Andrea Devenow and Ivo Welch

What have we learned from social learning? pp. 617-628

Douglas Gale

Central banks and seigniorage: A study of three economies in transition pp. 629-643

Eduard Hochreiter, Riccardo Rovelli and Georg Winckler

Finance and growth in economies in transition pp. 645-653

Fabrizio Coricelli

Why East European banks don't want equity pp. 655-662

Peter Dittus

The economics of orthodox money-based stabilisations (OMBS): The recent experience of Kazakhstan, Russia and the Ukraine pp. 663-671

Peter Bofinger

The multiprincipal nature of government pp. 673-685

David Martimort

Hierarchical organization and incentives pp. 687-695

Bernard Caillaud, Bruno Jullien and Pierre Picard

Economic theories of the break-up and integration of nations pp. 697-705

Patrick Bolton, Gérard Roland and Enrico Spolaore

Are legislators ideologues or the agents of constituents? pp. 707-717

Keith T. Poole and Howard Rosenthal

Inequality, redistribution and growth: A challenge to the conventional political economy approach pp. 719-728

Gilles Saint Paul and Thierry Verdier

Distributive implications of an aging society pp. 729-746

Robert K. von Weizsacker

Distributive implications of European integration pp. 747-757

Helmuth Cremer and Pierre Pestieau

On insider privatization pp. 759-766

Olivier Blanchard and Philippe Aghion

Second-best economic policy for a divided government pp. 767-774

Maxim Boycko, Andrei Shleifer and Robert Vishny

Alternate approaches to the political economy of endogenous trade liberalization pp. 775-782

Robert Edward Baldwin and Richard Baldwin

The political economy of trade liberalization in the transition pp. 783-794

Arye Hillman and Heinrich Ursprung

Rent dissipation, free riding, and trade policy pp. 795-803

Gene Grossman and Elhanan Helpman

Active labor market policies, job matching and the Czech miracle pp. 805-817

Tito Boeri and Michael Burda

Labour market policy and the unemployed in Hungary pp. 819-828

John Micklewright and Gyula Nagy

Incidence and duration of unemployment in Romania pp. 829-837

John Earle and Catalin Pauna

Unemployment in dynamic general equilibrium economies pp. 839-845

Jordi Galí

Liquidity models in open economies: Theory and empirical evidence pp. 847-859

Vittorio Grilli and Nouriel Roubini

Sectoral Solow residuals pp. 861-869

Craig Burnside, Martin Eichenbaum and Sergio Rebelo

Strategic analysis of contingent claims pp. 871-881

Ronald W. Anderson, Suresh Sundaresan and Pierre Tychon

Financial market-product market interactions in industry equilibrium: Implications for information acquisition decisions pp. 883-896

Josef Zechner

Creditor races and contingent claims pp. 897-907

Bart Lambrecht and William Perraudin

Output price, markups, and producer size pp. 909-921

Mark Roberts and Dylan Supina

Retail contracting and costly monitoring: Theory and evidence pp. 923-932

Francine Lafontaine and Margaret Slade

Rent sharing in the European airline industry pp. 933-940

Damien Neven and Lars-Hendrik Roller

Economic integration, intraindustry trade, and frontier regions pp. 941-949

Gordon Hanson

Regional convergence clusters across Europe pp. 951-958

Danny T. Quah

Integration, specialization, and adjustment pp. 959-967

Paul Krugman and Anthony Venables

The growth of law and economics in Europe pp. 969-977

Roger Van den Bergh

The policy of deregulation in The Netherlands pp. 979-987

Johan den Hertog

The relevance of law and economics for the development of judge made rules: Examples from German case-law pp. 989-998

Hans-Bernd Schafer

The debate on the scientific status of law & economics pp. 999-1006

Gerrit De Geest

The exchange rate in a model of pricing-to-market pp. 1007-1021

Caroline Betts and Michael Devereux

Fixed exchange rates: Credibility, flexibility and multiplicity pp. 1023-1035

Andres Velasco

Models of currency crises with self-fulfilling features pp. 1037-1047

Maurice Obstfeld

Corporate control and the market for managerial labour: On the decision to go public pp. 1049-1056

Ernst Maug

The stock market as a source of capital: Some lessons from initial public offerings in Italy pp. 1057-1069

Marco Pagano, Fabio Panetta and Luigi Zingales

The decision to go public: An overview pp. 1071-1081

Ailsa Roell

European monetary integration pp. 1083-1090

Charles Goodhart

Monetary union and convergence economics pp. 1091-1101

Paul De Grauwe

European monetary integration: A narrow or a wide EMU? pp. 1103-1109

Jose Vinals

The limits of competition: Housing insurance in Switzerland pp. 1111-1121

Thomas von Ungern-Sternberg

The transition from monopoly to competition: The case of housing insurance in Baden-Wurttemberg pp. 1123-1131

Karl Epple and Reinhard Schafer

Fire insurance in Germany: A comparison of price-performance between state monopolies and competitive regions pp. 1133-1141

Stefan Felder

Proceedings 1995: Minutes of General Assembly 3 September 1995, Congress Palace, Vysehrad, Prague pp. 1143-1144

Jean Rochet

Minutes of the meeting of the council pp. 1144-1147

Anton Barten

Report of the President pp. 1147-1149

Louis Phlips

Report of the Secretary pp. 1149-1154

Anton Barten

Report of the chairman of the standing committee for student's affairs pp. 1158-1158

Jean Rochet

Volume 40, issue 2, 1996

Editorial note pp. iii-iii

Jeffrey Frankel and Charles Wyplosz

Wages, profits and the international portfolio puzzle pp. 219-254

Laura Bottazzi, Paolo Pesenti and Eric van Wincoop

Saving and growth: Evidence from micro data pp. 255-288

Christina Paxson

Politics and the effectiveness of foreign aid pp. 289-329

Peter Boone

International cycles pp. 331-360

Stephen Cecchetti and Anil Kashyap

International business cycles and the dynamics of the current account pp. 361-387

Graham Elliott and Antonio Fatas

Large countries, small countries and the enlargement of trade blocs pp. 389-415

Alessandra Casella

Aggregable price-taking firms pp. 417-428

Robert Chambers and Rulon D. Pope

A dynamic contracting model for wages and employment in three European economies pp. 429-448

David de la Croix, Franz Palm and Gerard Pfann

Retirement of spouses and social security reform pp. 449-472

Josef Zweimüller, Rudolf Winter-Ebmer and Josef Falkinger

Depreciation erodes the Coase Conjecture pp. 473-490

Larry Karp

The behaviour of state firms in eastern Europe, pre-privatization: A generalisation pp. 491-494

Peter Kenway

Volume 40, issue 1, 1996

Editorial foreword pp. 1-1

Alessandra Casella and Anthony Venables

A federal voting mechanism to solve the fiscal-externality problem pp. 3-17

Thomas Piketty

Incentives and optimal size of local jurisdictions pp. 19-41

Guy Gilbert and Pierre Picard

In or out?: Centralization by majority vote pp. 43-60

Jacques Crémer and Thomas Palfrey

Accountability and decentralisation in government: An incomplete contracts model pp. 61-89

Paul Seabright

National vs European incentive policies: Bargaining, information and coordination pp. 91-111

Bernard Caillaud, Bruno Jullien and Pierre Picard

Tax competition and Leviathan pp. 113-134

Jeremy Edwards and Michael Keen

On the optimal and best sustainable taxes in an open economy pp. 135-154

Jess Benhabib and Andres Velasco

On market integration and the development of institutions: The case of international commercial arbitration pp. 155-186

Alessandra Casella

Decentralized income redistribution and immigration pp. 187-217

Dietmar Wellisch and David Wildasin