The Quarterly Journal of Economics

1886 - 2025

Current editor(s): Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer and Stefanie Stantcheva

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Volume 96, issue 4, 1981

Economic Performance in Regulated and Unregulated Environments: A Comparison of U. S. and Canadian Railroads pp. 559-581

Douglas W. Caves, Laurits R. Christensen and Joseph A. Swanson

The Theory of Domestic Content Protection and Content Preference pp. 583-603

Gene M. Grossman

Cheap Labor and Southern Textiles, 1880–1930 pp. 605-629

Gavin Wright

Some Additional Results on Investment, Risk Taking, and Full Loss Offset Corporate Taxation with Interest Deductibility pp. 631-642

Jack Mintz

Price and Entry Regulations with Large Fixed Costs pp. 643-655

Richard Harris

Option Value: Empirical Evidence from a Case Study of Recreation and Water Quality pp. 657-673

Douglas A. Greenley, Richard G. Walsh and Robert A. Young

Productivity and City Size: A Critique of the Evidence pp. 675-688

Ronald Moomaw

Free Riding and Collective Action: An Experiment in Public Microeconomics pp. 689-704

Friedrich Schneider and Werner W. Pommerehne

A Note on Dynamic Tax Incidence pp. 705-723

B. Douglas Bernheim

Toward a More General Model of Land Tenancy and Reform: Comment pp. 725-730

M.G. Quibria and Salim Rashid

Volume 96, issue 3, 1981

The Pricing of Durable Exhaustible Resources pp. 365-377

David Levhari and Robert Pindyck

A Dynamic Model of Investment and Capacity Utilization pp. 379-403

Andrew B. Abel

Fixed Costs, Sunk Costs, Entry Barriers, and Sustainability of Monopoly pp. 405-431

William Baumol and Robert Willig

Ingredients of Famine Analysis: Availability and Entitlements pp. 433-464

Amartya Sen

The Valuation of Legal Rights pp. 465-476

Eli M. Noam

The Measurement of Productive Efficiency: A Reconsideration pp. 477-503

Raymond Kopp

Social Security and the Retirement Decision pp. 505-529

Vincent Crawford and David M. Lilien

J. S. Mill, Unions, and the Wages Fund Recantation: A Reinterpretation—Comment pp. 531-541

Robert Ekelund and William F. Kordsmeier

J. S. Mill, Unions, and the Wages Fund Recantation: A Reinterpretation—Reply pp. 543-549

E. G. West and R. W. Hafer

Effects of Changes in the Discount Rate on the Foreign Exchange Value of the Dollar: 1973 to 1978 pp. 551-558

Kathleen Hope Brown

Volume 96, issue 2, 1981

Uncertainty and Optimal Social Security Systems pp. 189-206

Eytan Sheshinski and Yoram Weiss

On the Indeterminacy of Equilibrium Exchange Rates pp. 207-222

John Kareken and Neil Wallace

The Effect of Intertemporal Speculation on the Outcomes in Seller Posted Offer Auction Markets pp. 223-241

Elizabeth Hoffman and Charles Plott

A Transactions Theory of Trade Credit Use pp. 243-270

J. Stephen Ferris

The Duality of a Dynamic Model of Equilibrium and an Optimal Growth Model: The Heterogeneous Capital Goods Case pp. 271-300

Robert Becker

The Use of Cross-Section Microdata in Life Cycle Models: An Application to Inequality Theory in Nonstationary Economies pp. 301-316

Ian Irvine

The Systematic Specification of a Full Prior Covariance Matrix for Asset Demand Equations pp. 317-339

Gary Smith

A Test of the Friedman-Savage Gambling Model pp. 341-348

Gregory G. Brunk

Monetary Policy in an Inside-Money, Open Economy: Comment pp. 349-356

Basant Kapur

Monetary Policy in an Inside-Money, Open Economy: Reply pp. 357-361

Donald J. Mathieson

Erratum: Bank Attitude Toward Risk, Implicit Rates of Interest, and the Behavior of an Index of Risk Aversion for Commercial Banks pp. 363

Ronald Ratti

Volume 96, issue 1, 1981

Demand Curves for Animal Consumers pp. 1-15

John Kagel, Raymond Battalio, Howard Rachlin and Leonard Green

Domestic Policies and Foreign Resource Requirements pp. 17-26

M.G. Quibria

Taxes and Subsidies in the Input-Output Model pp. 27-45

Hiroshi Atsumi

Two-Sector Growth with Endogenous Technical Change: A Marxian Simulation Model pp. 47-75

David Laibman

Structural Stability in Models of American Trade Union Growth pp. 77-88

Neil Sheflin, Leo Troy and C. Timothy Koeller

Factor Costs and the Diffusion of Ring Spinning in Britain Prior to World War I pp. 89-109

William Lazonick

Reward Structures in a Planned Economy: The Problem of Incentives and Efficient Allocation of Resources pp. 111-128

Mo-Yin S. Tam

The Isolation Paradox and the Discount Rate for Benefit-Cost Analysis pp. 129-145

Peter Warr and Brian Wright

Summing up on the Australian Case for Protection pp. 147-160

Paul A. Samuelson

Summing up on the Australian case for Protection: Comment pp. 161-167

Gary J. Manger

Justice to the Australians pp. 169-170

Paul A. Samuelson

Public Investment and Income Distribution: A Note pp. 171-176

Nobuhiro Okuno and Akira Yakita

Statistical Cost Analysis Re-Revisited pp. 177-181

G. S. Maddala and R. Blaine Roberts

Statistical cost Analysis Re-Revisited: Reply pp. 183-187

James M. Griffin

Volume 95, issue 4, 1980

Generalized Findlay-Grubert Theorem pp. 587-611

Jitendralal Borkakoti

Unionization and Productivity: Micro-Econometric Evidence pp. 613-639

Kim B. Clark

"Rational" Duopoly Equilibria pp. 641-662

John Laitner

Technology, Entrepreneurs, and Firm Size pp. 663-677

Guillermo Calvo and Stanislaw Wellisz

Public-Private Consumption Tradeoffs and the Balanced Budget Multiplier pp. 679-702

Uri Possen and Steven Slutsky

Experience, Performance, and Earnings pp. 703-736

James Medoff and Katharine Abraham

Technology Transfer to Overseas Subsidiaries by U. S.-Based Firms pp. 737-750

Edwin Mansfield and Anthony Romeo

Factor Market Dynamics and the Incidence of Taxes and Subsidies pp. 751-764

Daniel S. Hamermesh

The Cost of Capital in Nonmarketed Firms pp. 765-773

Bengt Holmstrom

Dual Markets, Rationing, and Queues pp. 775-779

Jagdish N. Bhagwati and Balbir S. Sihag

Dividend Policy and Tax Incidence in a Growing Economy pp. 781-787

J. Gregory Ballentine

Volume 95, issue 3, 1980

A Growth Model for a Tenured-Labor-Managed Firm pp. 387-402

André Sapir

Nontraded Goods and the Balance of Trade in a Neo-Keynesian Temporary Equilibrium pp. 403-429

J. Peter Neary

Job Differentiation and Wages pp. 431-449

Nancy L. Stokey

The Distribution of Income by Factor Components pp. 451-473

Graham Pyatt, Chau-nan Chen and John Fei

On Oligopolistic Markets for Nonrenewable Natural Resources pp. 475-491

Tracy Lewis and Richard Schmalensee

Notes on Advertising, Economies of Scale, and Entry Barriers pp. 493-507

A. Spence

Wealth and Wealth Proxies in a Permanent Income Model pp. 509-535

J. Walter Elliott

Bayes Rule as a Descriptive Model: The Representativeness Heuristic pp. 537-557

David Grether

The Limitations of Pigouvian Taxes as a Long-Run Remedy for Externalities pp. 559-566

Dennis Carlton and Glenn Loury

Relative Deprivation and the Gini Coefficient: Comment pp. 567-573

John D. Hey and Peter J. Lambert

Relative Deprivation and the Gini Coefficient: Reply pp. 575-576

Shlomo Yitzhaki

Exchange-Rate Variability, Real and Monetary Shocks, and the Degree of Capital Mobility Under Rational Expectations pp. 577-586

Robert Driskill and Stephen McCafferty

Volume 95, issue 2, 1980

Heckscher-Ohlin Trade Theory with a Continuum of Goods pp. 203-224

Rüdiger Dornbusch, Stanley Fischer and Paul A. Samuelson

A Compensation Measure of the Cost of Unemployment to the Unemployed pp. 225-243

Michael Hurd

The Effects of Supply Contracts on the Output and Price of an Exhaustible Resource pp. 245-260

Blaine Roberts

A Method for Determining the Appropriateness of National Planning in a Market Economy pp. 261-276

Jeffrey Miller

A Model of International Trade and Finance pp. 277-292

Laurence Weiss

The Regional Distribution of Population, Migration, and Climate pp. 293-308

Donald R. Haurin

Bank Attitude Toward Risk, Implicit Rates of Interest, and the Behavior of an Index of Risk Aversion for Commercial Banks pp. 309-331

Ronald Ratti

The Optimum Monetary Aggregate for Stabilization Policy pp. 333-355

Don E. Roper and Stephen J Turnovsky

Optimal Redistributive Taxation and Uncertainty pp. 357-364

Jonathan Eaton and Harvey S. Rosen

Role of Education in Production: A Slightly New Approach pp. 365-373

Rati Ram

On the Long-Run Steady State in a Simple Dynamic Model of Equilibrium with Heterogeneous Households pp. 375-382

Robert Becker

A Comment on Measuring Horizontal Equity pp. 383-385

Robert Plotnick

Volume 95, issue 1, 1980

Nondissipative Signaling Structures and Dividend Policy pp. 1-24

Sudipto Bhattacharya

On Transactions and Precautionary Demand for Money pp. 25-43

Jacob A. Frenkel and Boyan Jovanovic

Marx and Schumpeter on Capitalism's Creative Destruction: A Comparative Restatement pp. 45-68

John E. Elliott

Job Search and the Labor Dropout Problem Reconsidered pp. 69-87

Richard D. MacMinn

David Hume and Monetarism pp. 89-101

Thomas Mayer

Choosing New Industrial Capacity: On-Site EXpansion, Branching, and Relocation pp. 103-119

Roger W. Schmenner

Soviet Household Saving: A Cross-Section Study of Soviet Emigrant Families pp. 121-144

Gur Ofer and Joyce Pickersgill

Irving Fisher on His Head II: The Consequences of the Timing of Payments for the Demand for Money pp. 145-157

George Akerlof and Ross D. Milbourne

Personal Wealth Transfers pp. 159-179

James Adams

A Model of Forced Saving Based Upon Differential Expectations pp. 181-185

Michael Hicks

Optimal Policies in Dual Economies pp. 187-196

Kaushik C. Basu

A Disequilibrium Macroeconomic Model: A Correction pp. 197-198

Stephen Miller

A Disequilibrium Macroeconomic Model: The Implications of a Correction pp. 199-200

Panayotis G. Korliras