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 93, issue 4, 1979

Aggregate Land Rents, Expenditure on Public Goods, and Optimal City Size pp. 471-500

Richard Arnott and Joseph Stiglitz

The Economists and the Combination Laws pp. 501-522

William D. Grampp

The Costs of Defined Benefit Pension Plans and Firm Adjustments pp. 523-540

Burt S. Barnow and Ronald Ehrenberg

On Moral Hazard and Insurance pp. 541-562

Steven Shavell

Bureaucrats Versus Voters: On the Political Economy of Resource Allocation by Direct Democracy pp. 563-587

Thomas Romer and Howard Rosenthal

The Optimal Taxation of Heterogeneous Capital pp. 589-612

Alan Auerbach

The Optimal Taxation of Foreign Source Investment Income pp. 613-629

Martin Feldstein and David Hartman

Choice of Technology in Low-Wage Countries: A Nonneoclassical Approach pp. 631-654

Donald J. Lecraw

The Humean Origin of the Contemporary Monetary Approach to the Balance of Payments pp. 655-673

Dietrich Fausten

Auctions of Shares pp. 675-689

Robert Wilson

Capital Intensity, Aggregation, and Consumption Behavior pp. 691-704

David Bigman

Tax Incidence in a Life Cycle Model with Variable Labor Supply pp. 705-718

Laurence Kotlikoff and Lawrence H. Summers

Uncertainty, Market Structure and Performance: The Galbraith-Caves Hypothesis Revisited pp. 719-726

Louis Christofides and Francis Tapon

Comment on "Uncertainty, Market Structure and Performance: The Galbraith-Caves Hypothesis Revisited" pp. 727-729

Franklin R. Edwards and A. A. Heggestad

Stochastic Stability of Short-Run Market Equilibrium: A Comment pp. 731-735

Ramesh M. Kulkarni and Gangaram S. Ladde

Risk-Efficient Monopoly Pricing for the Multiproduct Firm: Comment pp. 737-740

Mark J. Flannery

Economies of Scale and the Profitability of Marginal-Cost Pricing: A Note pp. 741-742

John T. Scott

Economies of Scale and the Profitability of Marginal-Cost Pricing: Reply pp. 743-744

John C. Panzar and Robert Willig

Volume 93, issue 3, 1979

A Welfare Economic Approach to Growth and Distribution in the Dual Economy pp. 325-353

Gary Fields

Intertemporal Price Discrimination pp. 355-371

Nancy L. Stokey

Measurement of Internal Income-Leisure Tradeoffs pp. 373-393

Lucia Dunn

Market Structure and Innovation pp. 395-410

Glenn Loury

Corporate Financial Policy and Taxation in a Growing Economy pp. 411-432

Martin Feldstein, Jerry Green and Eytan Sheshinski

Wealth Maximization and the Cost of Capital pp. 433-446

Alan Auerbach

A Comment on Location and Industrial Efficiency with Free Entry pp. 447-450

B. Eaton and Richard Lipsey

Location and Industrial Efficiency with Free Entry: A Reply pp. 451-454

J. M. A. Gee

Capital Market Imperfection, the Consumption Function, and the Effectiveness of Fiscal Policy pp. 455-463

Walter Perrin Heller and Ross M. Starr

Equity, Efficiency, and Advantageous Randomness pp. 465-470

Heraklis M. Polemarchakis

Volume 93, issue 2, 1979

Irving Fisher on his Head: The Consequences of Constant Threshold-Target Monitoring of Money Holdings pp. 169-187

George Akerlof

Price Differences in almost Competitive Markets pp. 189-211

John W. Pratt, David A. Wise and Richard Zeckhauser

Foreign Investment and Finance with Risk pp. 213-232

David G. Hartman

Social Security and Equilibrium Capital Intensity pp. 233-253

Laurence Kotlikoff

Personal and Job Characteristics as Determinants of Employee-Firm Contract Structure pp. 255-279

James Markusen

The Distributional Effects of Uniform Air Pollution Policy in the United States pp. 281-301

Leonard P. Gianessi, Henry M. Peskin and Edward Wolff

Discretionary Expenditures and Profit Risk Management: The Galbraith-Caves Hypothesis pp. 303-319

Louis Christofides and Francis Tapon

Relative Deprivation and the Gini Coefficient pp. 321-324

Shlomo Yitzhaki

Volume 93, issue 1, 1979

Product Quality in Markets Where Consumers are Imperfectly Informed pp. 1-23

Dennis E. Smallwood and John Conlisk

The Response to Economic Challenge: A Comparative Economic History of China and India, 1870–1952 pp. 25-46

Subramanian Swamy

Rational Expectations and Learning from Experience* pp. 47-57

Stephen DeCanio

Reduced Forms of Rational Expectations Models* pp. 59-71

Masanao Aoki and Matthew Canzoneri

Bergson-Samuelson Social Welfare Functions and the Theory of Social Choice pp. 73-90

Robert Pollak

Rational Expectations and Monetary Policy in a Simple Macroeconomic Model pp. 91-105

Geoffrey Woglom

Statistical Cost Analysis Revisited pp. 107-129

James M. Griffin

Steady-State Growth of the Long-Run Sales-Maximizing Firm pp. 131-138

Josep Aubareda

Asymmetry of Taxes and Subsidies in Regulating Stochastic Mishap pp. 139-148

Richard Just and David Zilberman

The Implications of Price Stabilization for the Short-Term Instability and Long-Term Level of LDCS' Export Earnings pp. 149-154

D. T. Nguyen

The Elasticity of Demand for Gambling pp. 155-162

Daniel B. Suits

The Price Adjustment Mechanism for Rental Housing in the United States pp. 163-168

Arthur A. Eubank and C. R. Sirmans

Volume 92, issue 4, 1978

Transport Costs in International Trade Theory: A Comparison with the Analysis of Nontraded Goods pp. 535-550

James Cassing

The Autocorrelation of Earnings, Human Wealth Inequality, and Income Contingent Loans pp. 551-569

Donald Parsons

The Two-Part Tariff and Voluntary Market Participation pp. 571-587

Alan Auerbach and Anthony J. Pellechio

Optimal Redistributive Taxation When Individual Welfare Depends upon Relative Income pp. 589-601

Michael J. Boskin and Eytan Sheshinski

J. S. Mill, Unions, and the Wages Fund Recantation: A Reinterpretation pp. 603-619

E. G. West and R. W. Hafer

The Application of Multidimensional Scaling to the Study of Economic Development pp. 621-639

Moshe Syrquin

The Leontief Dynamic Generalized Inverse pp. 641-652

Arie P. Schinnar

The Effect of Capital Risk on Optimal Saving Decisions pp. 653-670

David L. Hanson and Carmen F. Menezes

Egalitarian Equivalent Allocations: A New Concept of Economic Equity pp. 671-687

Elisha A. Pazner and David Schmeidler

The Riskless Rate of Interest and the Market Price of Risk: A Correction pp. 689-691

Alan C. Hess

Overinsurance and Public Provision of Insurance: Comment pp. 693-696

William Johnson

Farmer Response to Foodgrain Controls in Developing Countries pp. 697-703

Dennis L. Chinn

An Empirical Note on the Tiebout-Tullock Hypothesis pp. 705-711

Richard Cebula

Volume 92, issue 3, 1978

Employment Subsidies and the Theory of Minimum Wage Rates in General Equilibrium pp. 361-374

Albert G. Schweinberger

Earnings Capacity and its Utilization pp. 375-385

Irwin Garfinkel and Robert Haveman

Capacity Constrained Peak Load Pricing pp. 387-398

Robert E. Dansby

Capital Market Equilibrium in a Mixed Economy, Optimal Public Sector Investment Decision Rules, and the Social Rate of Discount pp. 399-411

R. C. Stapleton and M. G. Subrahmanyam

Optimal Risk Sharing and the Leasing of Natural Resources, with Application to Oil and Gas Leasing on the OCS pp. 413-437

Hayne Leland

Cost-Minimizing Number of Firms and Determination of Industry Structure pp. 439-467

William Baumol and Dietrich Fischer

The Opportunity Cost of Labor and the Returns to Education Under Unemployment and Labor Market Segmentation pp. 469-488

Sebastian Pinera and Marcelo Selowsky

Welfare Aspects of International Trade in Goods and Securities pp. 489-508

Elhanan Helpman and Assaf Razin

Smuggling, Import Objectives, and Optimum Tax Structure pp. 509-514

Alok Ray

Intergenerational Wealth Transfers and the Educational Decisions of Male Youth: An Alternative Interpretation pp. 515-520

C. Russell Hill and Frank P. Stafford

Intergenerational Wealth Transfers and the Educational Decisions of Male Youth: The Mother's Home Time Hypothesis pp. 521-524

Donald Parsons

Policy Objectives of the Federal Reserve System pp. 525-534

Glenn T. Potts and Dudley G. Luckett

Volume 92, issue 2, 1978

Investors' Time Horizon and the Inefficiency of Capital Markets pp. 187-208

Joram Mayshar

Estimating the Costs of Protection: A General Equilibrium Approach pp. 209-226

Jaime de Melo

Competition and the Residential Land Allocation Process pp. 227-244

David Mills

Investment Neutrality of Business Income Taxes pp. 245-260

Richard Hartman

A Theory of Job Shopping pp. 261-277

William Johnson

Liquidity Considerations in the Theory of Consumption pp. 279-296

Christopher Pissarides

Resource Management in a Trading Economy pp. 297-306

Partha Dasgupta, Robert Eastwood and Geoffrey Heal

An Approach to the Study of Income, Utility, and Horizontal Equity pp. 307-322

Harvey S. Rosen

Speculative Investor Behavior in a Stock Market with Heterogeneous Expectations pp. 323-336

J. Michael Harrison and David Kreps

The Optimal Consumption of Depletable Natural Resources: An Elaboration, Correction, and Extension pp. 337-344

Maureen Cropper, Milton C. Weinstein and Richard Zeckhauser

The Optimal Consumption of Depletable Natural Resources: Comment pp. 345-353

Murray Kemp and Ngo Long

Stabilization Policy with an Inflation Adjustment Mechanism pp. 355-359

Norman P. Obst

Volume 92, issue 1, 1978

Relative Backwardness, Direct Foreign Investment, and the Transfer of Technology: A Simple Dynamic Model pp. 1-16

Ronald Findlay

Growth and the Family Distribution of Income by Factor Components pp. 17-53

John C. H. Fei, Gustav Ranis and Shirley W. Y. Kuo

The Welfare Effects of an Export Tax Levied on an Intermediate Good pp. 55-69

Katsuhiko Suzuki

Restabilizing Responses, Inertia Supergames, and Oligopolistic Equilibria pp. 71-93

Thomas Marschak and Reinhard Selten

Shadow Pricing, Information, and Stability in a Simple Open Economy pp. 95-116

Peter Warr

The Wealth Effect, the Capital Account, and Alternative Policies Under Fixed Exchange Rates pp. 117-147

Akira Takayama

A Stochastic Equilibrium Model of an Open Economy Under Flexible Exchange Rates pp. 149-164

Robert Barro

On the Optimal Taxation of Consumption Externalities pp. 165-174

Efraim Sadka

A Note on Preferential and Illegal Trade Under Quantitative Restrictions pp. 175-178

Rodney Falvey

Social Institutions, Imperfect Information, and the Distribution of Income: A Comment pp. 179-184

William H. Lazonick

Social Institutions, Imperfect Information, and the Distribution of Income: Reply pp. 185-186

David Starrett