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 88, issue 4, 1974

The Cost of Communication in Economic Organization pp. 529-550

Hajime Oniki

Tax Incidence in a Growing Economy with Variable Factor Supply pp. 551-573

Martin Feldstein

On the Efficiency Price of Capital in a Dual Economy pp. 574-596

Alan Manne

Social Evaluation Through Notional Choice pp. 597-624

Sidney S. Alexander

Maximin, Uncertainty, and the Leisure Trade-Off pp. 625-632

R. A. Musgrave

Reply to Alexander and Musgrave pp. 633-655

John Rawls

Optimal Income Taxation for Transfer Payments Under Different Social Welfare Criteria pp. 656-670

Robert Cooter and Elhanan Helpman

The Sensitivity of Quarterly Models of Wage Determination to Aggregation Assumptions pp. 671-680

J. C. R. Rowley and D. A. Wilton

Some Comments on the Theory of Inert Areas and the Definition of X-Efficiency pp. 681-686

K. J. Blois

A Note on X-Inefficiency pp. 687-688

David Peel

Comment on Inert Areas and the Definition of X-Efficiency pp. 689-691

Harvey Leibenstein

A Note on Tariff Changes and World Welfare pp. 692-697

Peter Kenen

A Simple Proof of the Nonsubstitution Theorem pp. 698-701

Parkash Chander

Volume 88, issue 3, 1974

The Neoclassical Postulate and the Technology Frontier in Capital Theory pp. 353-384

Kazuo Sato

A Factor Analysis of Quarterly Price and Wage Behavior for U. S. Manufacturing pp. 385-408

Nancy S. Barrett, Geraldine Gerardi and Thomas P. Hart

Commercial Policy, Allocative Efficiency, and "X-Efficiency" pp. 409-433

Joel Bergsman

A Study of an Income Expenditure Model pp. 434-453

U. M. Possen

Sources of Agricultural Growth in Japan, 1880–1965 pp. 454-479

Masakatsu Akino and Yujiro Hayami

Advertising and the Theory of Consumer Choice pp. 480-487

Douglas Auld

Capital Mobility and the Stability of the Flexible Exchange Rate System pp. 488-495

Chau-nan Chen

Further Comment on "Smoothing" by Output Variation pp. 496-498

Roger McCain

Arbitrage and the Forward Gold Premium pp. 499-501

John S. Hodgson

Arbitrage and the Forward Gold Premium: Reply pp. 502-504

John Makin

A Note on John Kain's "Housing Segregation, Negro Employment, and Metropolitan Decentralization" pp. 505-512

Stanley H. Masters

Reply to Stanley Masters' Comment on "Housing Segregation, Negro Employment, and Metropolitan Decentralization" pp. 513-519

John Kain

A Note on Relative Backwardness and Industrial Structure pp. 520-527

Paul R. Gregory

Volume 88, issue 2, 1974

Causes of Interfirm Profitability Differences: A New Interpretation of the Evidence pp. 181-193

Richard B. Mancke

Alternative Theories of Wage Determination and Unemployment in LDC's: The Labor Turnover Model pp. 194-227

Joseph Stiglitz

The Permanent Income Theory of Consumption — A Restatement pp. 228-250

Michael Darby

Public Investment in LDC's with Recurrent Cost Constraint: The Kenyan Case pp. 251-277

Peter S. Heller

Stability and Control of the Money Supply pp. 278-303

Dagobert Brito and Donald D. Hester

New Union Organizing: A Test of the Ashenfelter-Pencavel Model of Trade Union Growth pp. 304-311

Arvil V. Adams and Joseph Krislov

Environmental Preservation, Uncertainty, and Irreversibility pp. 312-319

Kenneth Arrow and Anthony C. Fisher

Subset Choice Conditions and the Computation of Social Choice Sets pp. 320-329

Peter C. Fishburn

The Multiplier Concept and Monetary Restraint pp. 330-339

Jack Vernon

Efficient Resource Allocation in a Multinucleated City with Intermediate Goods pp. 340-352

Philip G. Hartwick and John M. Hartwick

Volume 88, issue 1, 1974

On the Optimal Compensation of a Socialist Manager pp. 1-18

Evsey D. Domar

Housing Market Discrimination and Black Housing Consumption pp. 19-43

Mahlon R. Straszheim

Overinsurance and Public Provision of Insurance: The Roles of Moral Hazard and Adverse Selection pp. 44-62

Mark V. Pauly

Income, Experience, and the Structure of Internal Labor Markets pp. 63-85

Arthur J. Alexander

The Accuracy of Forecasts: A Market Equilibrium Analysis pp. 86-97

B. Peter Pashigian

Minimum Wage Rates and the Pure Theory of International Trade pp. 98-116

Richard Brecher

The Social Discount Rate, Consumption, and Capital pp. 117-126

D. Levhari, N. Liviatan and I. Luski

Linear Economics and the Boehm-Bawerk Period of Production pp. 127-132

Gerhard Tintner

The Use of Unbounded Utility Functions in Expected-Utility Maximization: Comment pp. 133-135

Terence M. Ryan

The Use of Unbounded Utility Functions in Expected-Utility Maximization: Response pp. 136-138

Kenneth Arrow

The Marginalist Principle in a Discrete Production Model Under Uncertain Demand: Comment pp. 139-140

T. M. Whitin

Response pp. 141-142

Nissan Liviatan

Equilibrium, Efficiency, and the Golden Rule pp. 143-148

Cecil MacRae

Inventories, Production Smoothing, and the Accelerator: Some Empirical Evidence pp. 149-157

Moheb Ghali

Shadow Prices in Public Program Evaluation Models pp. 158-165

Corry F. Azzi and James Cox

The Psychological Difference Between Ambiguity and Risk pp. 166-169

Roger Sherman

Open Market Money Supply Strategy, 1952–1956 pp. 170-179

Elmus Wicker