The Review of Economic Studies

1933 - 2025

Current editor(s): Thomas Chaney, Xavier d’Haultfoeuille, Andrea Galeotti, Bård Harstad, Nir Jaimovich, Katrine Loken, Elias Papaioannou, Vincent Sterk and Noam Yuchtman

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Volume 49, issue 5, 1982

Special Issue on Unemployment pp. 675-677

Richard Layard

Input Price Shocks and the Slowdown in Economic Growth: The Case of U.K. Manufacturing pp. 679-705

Michael Bruno and Jeffrey Sachs

Causes of the Current Stagflation pp. 707-730

David Grubb, R. Jackman and R. Layard

Unemployment in the United Kingdom Since the War pp. 731-759

Martyn Andrews and Stephen Nickell

Time Series Representations of Economic Variables and Alternative Models of the Labour Market pp. 761-782

Orley Ashenfelter and David Card

The Intertemporal Substitution Model of Labour Market Fluctuations: An Empirical Analysis pp. 783-824

Joseph Altonji

Labour Force Participation: Timing and Persistence pp. 825-844

Kim B. Clark and Lawrence H. Summers

Energy and Resource Allocation: A Dynamic Model of the "Dutch Disease" pp. 845-859

Michael Bruno and Jeffrey Sachs

Volume 49, issue 4, 1982

An Equilibrium Analysis of Wage—Productivity Gaps pp. 485-497

J. Luis Guasch and Andrew Weiss

Prices and Qualities in Markets with Costly Information pp. 499-516

Yuk-Shee Chan and Hayne Leland

Monopolistic Price Adjustment and Aggregate Output pp. 517-531

Julio Rotemberg

Serial Correlation and the Fixed Effects Model pp. 533-549

Alok Bhargava, L. Franzini and W. Narendranathan

Some Non-Nested Hypothesis Tests and the Relations Among Them pp. 551-565

Russell Davidson and James MacKinnon

Invention and Innovation Under Alternative Market Structures: The Case of Natural Resources pp. 567-582

Partha Dasgupta, Richard Gilbert and Joseph Stiglitz

Trade and Protection with Multistage Production pp. 583-594

Avinash Dixit and Gene M. Grossman

Aggregate Investment and Consistent Intertemporal Technologies pp. 595-614

Charles Blackorby and William Schworm

Aggregate Production Functions Revisited: The Mobility of Capital and the Rigidity of Thought pp. 615-626

Franklin M. Fisher

A Note on Incentives in Large Economies pp. 627-635

Paul Champsaur and Guy Laroque

On the Sign of the Optimum Marginal Income Tax pp. 637-643

Jesus Seade

Ambiguities in the Sign of Excess Effective Demand by Firms pp. 645-651

Joaquim Silvestre

Defensive Foresight Rather than Minimax: A Comment on Eaton and Lipsey's Model of Spatial Competition pp. 653-657

Rögnvaldur Hannesson

Corrigendum on A Life Cycle Model of Female Labour Supply pp. 659-660

James J. Heckman and Thomas MaCurdy

Catastrophic Walrasian Equilibrium from the Non-Walrasian Viewpoint: A Three-good Macroeconomic Example pp. 661-667

Paul Madden

Volume 49, issue 3, 1982

A Theory of Wage Dynamics pp. 315-333

Milton Harris and Bengt Holmstrom

Estimation of a Labour Supply Model with Censoring Due to Unemployment and Underemployment pp. 335-354

John C. Ham

Some Approaches to the Correction of Selectivity Bias pp. 355-372

Lung-Fei Lee

Information and Incentives: The Agency Information Problem pp. 373-390

Frøystein Gjesdal

Price Discrimination Based On Imperfect Information: Necessary and Sufficient Conditions pp. 391-402

Hans Wiesmeth

True and Spurious Duration Dependence: The Identifiability of the Proportional Hazard Model pp. 403-409

Chris Elbers and Geert Ridder

Integrability of Incomplete Systems of Demand Functions pp. 411-425

Larry Epstein

Stochastic Dominance and the Investment Horizon With Riskless Assets pp. 427-438

Haim Levy and Azriel Levy

Implementation of Democratic Social Choice Functions pp. 439-446

John A. Ferejohn, David Grether and Richard D. McKelvey

Some Properties of Topological Social Choice Functions pp. 447-460

Maurice McManus

Stability of the Neumann Ray in a Dynamic Leontief System with Finite Forecast Horizons pp. 461-472

Hajime Hori

Approximate Equilibria with Bounds Independent of Preferences pp. 473-475

Robert M. Anderson, M. Khan and Salim Rashid

Testing Linear versus Logarithmic Regression Models: A Comment pp. 477-481

Neil Ericsson

A Note on Imperfect Information and Optimal Pollution Control pp. 483-484

Rafael Repullo

Volume 49, issue 2, 1982

Imperfect Price Discrimination and Welfare pp. 155-181

Raymond Chiang and Chester S. Spatt

The Comparison of Multi-Dimensioned Distributions of Economic Status pp. 183-201

Anthony Atkinson and François Bourguignon

Search and Consumer Theory pp. 203-216

R. Manning and P. B. Morgan

Wage Determination and Efficiency in Search Equilibrium pp. 217-227

Peter Diamond

A Generalized Model of Pricing for Homogeneous Goods under Imperfect Information pp. 229-240

Asha Sadanand and Louis Wilde

The Inefficiency of the Stock Market Equilibrium pp. 241-261

Joseph Stiglitz

"Learning by Doing" and "Investment in Training": A Synthesis of Two "Rival" Models of the Life Cycle pp. 263-271

Mark R. Killingsworth

The Estimation and Interpolation of Inequality Measures pp. 273-290

Frank Cowell and Fatemeh Mehta

Risk Aversion and Optimal Trade Restrictions pp. 291-305

Leslie Young and James Anderson

Determinateness of the Utility Function: Revisiting a Controversy of the Thirties pp. 307-311

Kaushik Basu

Monopolistic Competition in a Large Economy with Differentiated Commodities: A Correction pp. 313-314

Oliver D. Hart

Volume 49, issue 1, 1982

Editorial pp. 1

Oliver Hart and Mervyn King

Relaxing Price Competition Through Product Differentiation pp. 3-13

Avner Shaked and John Sutton

Perfect Competition and the Core pp. 15-30

Andreu Mas-Colell

Information Aggregation and Policy pp. 31-42

Laurence Weiss

The Determinants of Occupational Success in Britain pp. 43-53

Stephen Nickell

The Efficient Estimation of Econometric Models with Rational Expectations pp. 55-67

M. R. Wickens

Compulsory Arbitration, Arbitral Risk and Negotiated Settlements: A Case Study in Bargaining under Imperfect Information pp. 69-82

Vincent Crawford

Welfare Economics of Decision Making with Changing Preferences pp. 83-90

Paul Grout

"Automatic" Output Stability and the Exchange Arrangement: A Multi-Country Analysis pp. 91-107

Michael Jones

Models and Estimation of Disequilibrium for Centrally Planned Economies pp. 109-116

Wojciech Charemza and Richard E. Quandt

Achieving Macroeconomic Goals pp. 117-135

Mike O'Brien

Inventory and Price Behaviour pp. 137-142

Patricia B. Reagan

Nonbinary Social Choice: An Impossibility Theorem pp. 143-149

David Grether and Charles Plott

Testing for Sample Selection Bias pp. 151-153

Angelo Melino