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 39, issue 9, 1995

Interest rates and the channels of monetary transmission: Some sectoral estimates pp. 1611-1626

Spencer Dale and Andrew Haldane

Regional labor market dynamics in Europe pp. 1627-1655

Jorg Decressin and Antonio Fatas

European tax harmonisation and production efficiency pp. 1657-1681

Michael Devereux and Mark Pearson

Real business cycles and labor markets with imperfectly flexible wages pp. 1683-1696

James Dow

Hedonic price functions and the measurement of preferences: The case of Swedish wine consumers pp. 1697-1716

Marc Nerlove

Job matching and job competition: Are lower educated workers at the back of job queues? pp. 1717-1731

Jan van Ours and Geert Ridder

Perfect competition or the core pp. 1733-1745

Karl Vind

Bargaining versus posted-price selling pp. 1747-1764

Ruqu Wang

Volume 39, issue 8, 1995

Excessive environmental risks: An intergenerational market failure pp. 1447-1464

Joachim von Amsberg

Macroeconomic equilibrium and reform in a transitional economy pp. 1465-1485

John Bennett and Huw Dixon

An incentive approach to land set-aside programs pp. 1487-1509

Jean-Marc Bourgeon, Pierre-Alain Jayet and Pierre Picard

Efficiency-improving investment and the ratchet effect pp. 1511-1522

Dag Morten Dalen

Realignment risk and currency option pricing in target zones pp. 1523-1544

Bernard Dumas, Peter Jennergren and Bertil Naslund

Regional risksharing pp. 1545-1567

Eric van Wincoop

A Rostovian model of endogenous growth and underdevelopment traps pp. 1569-1602

Fabrizio Zilibotti

Volume 39, issue 7, 1995

Education and the poverty trap pp. 1257-1275

Vicky Barham, Robin Boadway, Maurice Marchand and Pierre Pestieau

A comparison of the cost of trading French shares on the Paris Bourse and on SEAQ International pp. 1277-1301

Frank de Jong, Theo Nijman and Ailsa Roell

A general equilibrium theory of firm formation based on individual unobservable skills pp. 1303-1319

Didier Laussel and Michel Le Breton

Synergy and investment efficiency effects of trade and labor market distortions pp. 1321-1344

Ramon Lopez

Free-riding, convergence and two-speed monetary unification in Europe pp. 1345-1364

Philippe Martin

Optimal regulation of deposit taking financial intermediaries pp. 1365-1384

David Miles

A simple model of disinflation and the optimality of doing nothing pp. 1385-1404

Gian Maria Milesi-Ferretti

Intertemporal common agency and organizational design: How much decentralization? pp. 1405-1428

Trond Olsen and Gaute Torsvik

Tariff revenue competition in a free trade area pp. 1429-1437

Martin Richardson

Volume 39, issue 6, 1995

Price competition and advertising in oligopoly pp. 1075-1088

Helmut Bester and Emmanuel Petrakis

Business cycles in a small open economy pp. 1089-1113

Isabel Correia, Joao C. Neves and Sergio Rebelo

The information in Swedish short-maturity forward rates pp. 1115-1131

Magnus Dahlquist and Gunnar Jonsson

The relevance of financial policy pp. 1133-1154

Jerome Detemple, Piero Gottardi and H. M. Polemarchakis

Adjustable pegs vs. single currencies: How valuable is the option to realign? pp. 1155-1170

Stefan Gerlach

Asset diversification in Yaari's dual theory pp. 1171-1180

Josef Hadar and Tae Kun Seo

Wages and productivity growth in the Nordic countries pp. 1181-1196

Jaakko Pehkonen

Why does nuclear power performance differ across Europe? pp. 1197-1214

Roland Sturm

Leviathan governments and carbon taxes: Costs and potential benefits pp. 1215-1236

Franz Wirl and Engelbert Dockner

Cross-hauling direct foreign investment and unionized oligopoly pp. 1237-1253

Laixun Zhao

Volume 39, issue 5, 1995

International R&D spillovers pp. 859-887

David Coe and Elhanan Helpman

Spatial competition in the banking system: Localization, cross subsidies and the regulation of deposit rates pp. 889-918

Pierre Chiappori, David Perez-Castrillo and Thierry Verdier

Fixed investment decisions in UK manufacturing: The importance of Tobin's Q, output and debt pp. 919-941

K. Cuthbertson and D. Gasparro

On the effects of schooling vintage on experience-earnings profiles: Theory and evidence pp. 943-955

Shoshana Neuman and Avi Weiss

Editorial note pp. 959-959

Jeffrey Frankel and Charles Wyplosz

Taxation and redistribution in an open economy pp. 961-979

Alberto Alesina and Roberto Perotti

Stock returns and real activity: A structural approach pp. 981-1015

Fabio Canova and Gianni De Nicolo'

How much (a)symmetry in Europe? Evidence from industrial sectors pp. 1017-1041

Rodolfo Helg, Paolo Manasse, Tommaso Monacelli and Riccardo Rovelli

The Swedish unemployment experience pp. 1043-1070

Lars Ljungqvist and Thomas Sargent

Volume 39, issue 3-4, 1995

Introduction pp. 351-352

Urs Schweizer

The genealogy of modern theoretical public economics: From first best to second best pp. 353-381

Roger Guesnerie

Private risk and public action: The economics of the welfare state pp. 383-397

James Mirrlees

Fiscal policies, capital formation, and capitalism pp. 399-420

Martin Feldstein

Strategic aspects of vertical delegation pp. 421-431

Bernard Caillaud and Patrick Rey

Towards an economic theory of incentives in just-in-time manufacturing pp. 432-439

Jacques Crémer

Some implications of growth for organizational form and ownership structure pp. 440-455

Philippe Aghion and Jean Tirole

From EEA to EU: Economic consequences for the EFTA countries pp. 457-466

Harry Flam

EU enlargement and the world trade system pp. 467-473

Jim Rollo

The Eastern enlargement of the European Union pp. 474-481

Richard Baldwin

Alternative strategies towards monetary union pp. 483-491

Paul De Grauwe

The current impasse in research on optimum currency areas pp. 492-500

Jacques Melitz

New evidence on the effectiveness of foreign exchange market intervention pp. 501-508

Kees G. Koedijk, Bruce Mizrach, Philip Stork and Casper de Vries

On pricing the priceless: Comments on the economics of the visual art market pp. 509-518

Louis-André Gérard-Varet

Is art market behaviour predictable? pp. 519-527

Olivier Chanel

On the rate of return in the art market: Survey and evaluation pp. 528-537

Bruno Frey and Reiner Eichenberger

Long-term comovements in international markets for paintings pp. 538-548

Victor Ginsburgh and Philippe Jeanfils

A model of Scandinavian emigration, 1870-1913 pp. 557-564

Timothy Hatton

State action, trade unions and voluntary unemployment insurance in Great Britain, Germany, and Scandinavia, 1900-1934 pp. 565-574

Christian Toft

Some political aspects of unemployment pp. 575-582

Gilles Saint-Paul

Labour market policy and unemployment pp. 583-592

Lars Calmfors

The secular increase in European unemployment rates pp. 593-599

Mancur Oison

Early trade patterns under the Europe Agreements: France, Germany and Italy pp. 601-610

Olivier Cadot, Riccardo Faini and Jaime de Melo

Liberalizing European steel trade pp. 611-621

L. Winters

Trade liberalisation with Eastern nations: Some distribution issues pp. 622-632

Damien Neven

Experimental investigations of errors in decision making under risk pp. 633-640

John Hey

Incorporating a stochastic element into decision theories pp. 641-648

Graham Loomes and Robert Sugden

An error rate analysis of experimental data testing Nash refinements pp. 649-660

David Harless and Colin F. Camerer

Economic justice: The central question pp. 661-673

Serge-Christophe Kolm

Equity, equality and welfare pp. 674-682

Peter J. Lambert and Shlomo Yitzhaki

Equality and responsibility pp. 683-689

Marc Fleurbaey

The time and budget constraints of the firm pp. 691-699

Patrick Bolton and Mathias Dewatripont

Hierarchical computation of the resource allocation problem pp. 700-708

Timothy Van Zandt

Cooperation and competition in organizations: A dynamic perspective pp. 709-722

Margaret Meyer

Is the Welfare State necessarily an obstacle to economic growth? pp. 723-730

Anthony Atkinson

Increasing public investment in Europe: Some practical considerations pp. 731-738

Jacques Girard, Harald Gruber and Chris Hurst

The macroeconomic implications of capital adequacy requirements for banks pp. 739-749

Jürg Blum and Martin Hellwig

Togetheror separately? Issues on the costs and benefits of political and fiscal unions pp. 751-758

Alberto Alesina, Roberto Perotti and Enrico Spolaore

Fiscal discipline and the choice of exchange rate regime pp. 759-770

Aaron Tornell and Andres Velasco

Budget processes and commitment to fiscal discipline pp. 771-779

Juergen von Hagen and Ian J. Harden

The physician's behavior and equity under a fundholding contract pp. 781-785

Jacob Glazer and Amir Shmueli

Regulated competition in health care: With or without a global budget? pp. 786-794

Wynand P. M. M. van de Ven

The hospital-physician interaction in U.S. hospitals: Evolving payment schemes and their incentives pp. 795-802

Avi Dor and Harry Watson

Minutes of the meeting of the general assembly, 4 September 1994, Maastricht pp. 803-804

Anton P. Barten

Minutes of the meeting of the council pp. 805-809

Anton P. Barten

Report of the secretary pp. 813-814

Anton Barten

Report of the treasurer pp. 815-816

Giorgio Basevi

Report of the editors of the european economic review: 1993 pp. 817-819

François Bourguignon

Report of the chairman of the standing committee for students' affair pp. 820-821

Jean Rochet

Volume 39, issue 2, 1995

Symposium on financial intermediation pp. 177-177

François Bourguignon and Xavier Vives

A welfare comparison of intermediaries and financial markets in Germany and the US pp. 179-209

Franklin Allen and Douglas Gale

A bargaining model of financial intermediation pp. 211-228

Helmut Bester

Phonebanking pp. 229-244

Jan Bouckaert and Hans Degryse

A note on the equivalence of time consistency and subgame perfection in stochastic games pp. 245-251

Carlos Asilis

Fiscal flows in the United States and Canada: Lessons for monetary union in Europe pp. 253-274

Tamim Bayoumi and Paul Masson

Social custom, management opposition, and trade union membership pp. 275-292

Giacomo Corneo

Departmentalization and stochastic dissimilarity pp. 293-317

Esther Gal-Or

Delegation in a general equilibrium model of customs unions pp. 319-333

Konstantine Gatsios and Larry Karp

Regular flexibility of nested CES functions pp. 335-343

Carlo Perroni and Thomas Rutherford

Volume 39, issue 1, 1995

Discrimination and open unemployment in a segmented labour market pp. 1-15

Nils Gottfries and Barry McCormick

Reward structures and the allocation of talent pp. 17-33

Daron Acemoglu

Predicting excess returns in financial markets pp. 35-69

Fabio Canova and Jane Marrinan

Duopoly and quality standards pp. 71-82

Claude Crampes and Abraham Hollander

Primary commodity prices and the OECD economic performance pp. 83-98

Annalisa Cristini

The demand for commercial bank loans and the lending rate pp. 99-115

Martin M.G. Fase

Managerial effort incentives, X-inefficiency and international trade pp. 117-138

Henrik Horn, Harald Lang and Stefan Lundgren

Imperfect competition, concentration and growth with firm-specific R & D pp. 139-160

Sjak Smulders and Theo van de Klundert

Monetary and real shocks and the optimal target zone pp. 161-172

Alan Sutherland