Journal of Political Economy

1893 - 2025

From University of Chicago Press
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Volume 109, issue 6, 2001

Prospective Deficits and the Asian Currency Crisis pp. 1155-1197

Craig Burnside, Martin Eichenbaum and Sergio Rebelo

How Dangerous Are Drinking Drivers? pp. 1198-1237

Steven Levitt and Jack Porter

Resurrecting the (C)CAPM: A Cross-Sectional Test When Risk Premia Are Time-Varying pp. 1238-1287

Martin Lettau and Sydney Ludvigson

Estimating Real Income in the United States from 1888 to 1994: Correcting CPI Bias Using Engel Curves pp. 1288-1310

Dora Costa

Durable Goods, Coasian Dynamics, and Uncertainty: Theory and Experiments pp. 1311-1354

Timothy Cason and Tridib Sharma

Coalitional Power and Public Goods pp. 1355-1384

Debraj Ray and Rajiv Vohra

Review of William D. Nordhaus and Joseph Boyer, Warming the World: Economic Models of Global Warming pp. 1385-1390

Thomas Gale Moore

Volume 109, issue 5, 2001

Consequences of Employment Protection? The Case of the Americans with Disabilities Act pp. 915-957

Daron Acemoglu and Joshua Angrist

Displaced Capital: A Study of Aerospace Plant Closings pp. 958-992

Valerie Ramey and Matthew D. Shapiro

Least-Present-Value-of-Revenue Auctions and Highway Franchising pp. 993-1020

Eduardo Engel, Ronald Fischer and Alexander Galetovic

Teachers, Growth, and Convergence pp. 1021-1059

Robert Tamura

Pricing and Matching with Frictions pp. 1060-1085

Kenneth Burdett, Shouyong Shi and Randall Wright

More Guns, More Crime pp. 1086-1114

Mark Duggan

Home Production Meets Time to Build pp. 1115-1131

Paul Gomme, Finn Kydland and Peter Rupert

Globalization and the Rate of Technological Progress: What Track and Field Records Show pp. 1132-1149

Lalith Munasinghe, Brendan O'Flaherty and Stephan Danninger

Review of Peter M. Garber, Famous First Bubbles: The Fundamentals of Early Manias pp. 1150-1179

John Cochrane

Volume 109, issue 4, 2001

Micro Data, Heterogeneity, and the Evaluation of Public Policy: Nobel Lecture pp. 673-748

James J. Heckman

Human Capital versus Signaling Models: University Access and High School Dropouts pp. 749-775

Kelly Bedard

War and Democracy pp. 776-810

Gregory D. Hess and Athanasios Orphanides

The Geography of Investment: Informed Trading and Asset Prices pp. 811-841

Joshua D. Coval and Tobias J. Moskowitz

Walras Retrouve: Decentralized Trading Mechanisms and the Competitive Price pp. 842-863

Gianni De Fraja and József Sákovics

Adverse Specialization pp. 864-899

Glenn MacDonald and Leslie Marx

Why Would Nature Give Individuals Utility Functions? pp. 900-929

Arthur Robson

Volume 109, issue 3, 2001

The Dynamics of Educational Attainment for Black, Hispanic, and White Males pp. 455-499

Stephen V. Cameron and James J. Heckman

Group Loyalty and the Taste for Redistribution pp. 500-528

Erzo Luttmer

The Effect of Welfare Payments on the Marriage and Fertility Behavior of Unwed Mothers: Results from a Twins Experiment pp. 529-545

Jeffrey Grogger and Stephen Bronars

On Strategic Community Development pp. 546-569

J. Vernon Henderson and Jacques Thisse

An Empirical Investigation of the Strategic Use of Debt pp. 570-583

Per Pettersson-Lidbom

The U.S. Structural Transformation and Regional Convergence: A Reinterpretation pp. 584-616

Francesco Caselli and Wilbur Coleman

A Theory of Conservatism pp. 617-636

Hao Li

Social Approval, Values, and AFDC: A Reexamination of the Illegitimacy Debate pp. 637-666

Thomas Nechyba

Volume 109, issue 2, 2001

Political Correctness pp. 231-265

Stephen Morris

An Incentive Model of the Effect of Parental Income on Children pp. 266-280

Bruce Weinberg

Any Non-welfarist Method of Policy Assessment Violates the Pareto Principle pp. 281-286

Louis Kaplow and Steven Shavell

Liquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking pp. 287-327

Douglas Diamond and Raghuram Rajan

Shareholder Wealth and Wages: Evidence for White-Collar Workers pp. 328-354

Stephen Bronars and Melissa Famulari

Intercountry Differences in the Relationship between Relative Price Variability and Average Prices pp. 355-374

Mick Silver and Christos Ioannidis

Information and Competition in U.S. Forest Service Timber Auctions pp. 375-417

Susan Athey and Jonathan Levin

Competitive Fair Division pp. 418-443

Steven Brams and D. Marc Kilgour

Testing for Evidence of Adverse Selection in the Automobile Insurance Market: A Comment pp. 444-473

Georges Dionne, Christian Gourieroux and Charles Vanasse

Volume 109, issue 1, 2001

On the Distribution of Income and Worker Assignment under Intrafirm Spillovers, with an Application to Ideas and Networks pp. 1-37

Gilles Saint-Paul

Public versus Private Initiative in Arctic Exploration: The Effects of Incentives and Organizational Structure pp. 38-78

Jonathan Karpoff

Endogenous Enfranchisement When Groups' Preferences Conflict pp. 79-102

John Conley and Akram Temimi

How Much Did the Liberty Shipbuilders Learn? New Evidence for an Old Case Study pp. 103-137

Peter Thompson

Inequality, Control Rights, and Rent Seeking: Sugar Cooperatives in Maharashtra pp. 138-190

Abhijit Banerjee, Dilip Mookherjee, Kaivan Munshi and Debraj Ray

The Identification of Unobservable Independent and Spousal Leisure pp. 191-202

Yuk-fai Fong and Junsen Zhang

Racial Bias in Motor Vehicle Searches: Theory and Evidence pp. 203-232

John Knowles, Nicola Persico and Petra Todd

Volume 108, issue 6, 2000

A Ricardian Model with a Continuum of Goods under Nonhomothetic Preferences: Demand Complementarities, Income Distribution, and North-South Trade pp. 1093-1120

Kiminori Matsuyama

Comparative Politics and Public Finance pp. 1121-1161

Torsten Persson, Gérard Roland and Guido Tabellini

Disability Insurance Benefits and Labor Supply pp. 1162-1183

Jonathan Gruber

Parental Benefits from Intergenerational Coresidence: Empirical Evidence from Rural Pakistan pp. 1184-1209

Anjini Kochar

A Model of Bimetallism pp. 1210-1234

Francois Velde and Warren Weber

Redistributing Income under Proportional Representation pp. 1235-1269

David Austen-Smith

Charity and the Bequest Motive: Evidence from Seventeenth-Century Wills pp. 1270-1291

Leslie McGranahan

Sulfur Dioxide Control by Electric Utilities: What Are the Gains from Trade? pp. 1292-1326

Curtis Carlson, Dallas Burtraw, Maureen Cropper and Karen Palmer

The Marriage Squeeze Interpretation of Dowry Inflation: A Comment pp. 1327-1333

Lena Edlund

The Marriage Squeeze Interpretation of Dowry Inflation: Response pp. 1334-1336

Vijayendra Rao

Volume 108, issue 5, 2000

An Alternative Approach to Search Frictions pp. 851-873

Ricardo Lagos

Hierarchies and the Organization of Knowledge in Production pp. 874-904

Luis Garicano

Federal Mandates by Popular Demand pp. 905-927

Jacques Crémer and Thomas Palfrey

Putty-Clay and Investment: A Business Cycle Analysis pp. 928-960

Simon Gilchrist and John Williams

Extensive Margins and the Demand for Money at Low Interest Rates pp. 961-991

Casey Mulligan and Xavier Sala-i-Martin

Are Invisible Hands Good Hands? Moral Hazard, Competition, and the Second-Best in Health Care Markets pp. 992-1005

Martin Gaynor, Deborah Haas-Wilson and William Vogt

Estimating a Bargaining Model with Asymmetric Information: Evidence from Medical Malpractice Disputes pp. 1006-1021

Holger Sieg

Luxuries Are Easier to Postpone: A Proof pp. 1022-1026

Martin Browning and Thomas Crossley

Measurement Error and the Relationship between Investment and q pp. 1027-1057

Timothy Erickson and Toni Whited

Risk Sharing, Sorting, and Early Contracting pp. 1058-1087

Hao Li and Wing Suen

Volume 108, issue 4, 2000

Is Child Labor Inefficient? pp. 663-679

Jean-Marie Baland and James Robinson

Homework in Development Economics: Household Production and the Wealth of Nations pp. 680-687

Stephen Parente, Richard Rogerson and Randall Wright

In Sickness and in Health: Risk Sharing within Households in Rural Ethiopia pp. 688-727

Stefan Dercon and Pramila Krishnan

The Making of an Oligopoly: Firm Survival and Technological Change in the Evolution of the U.S. Tire Industry pp. 728-760

Steven Klepper and Kenneth L. Simons

Age and the Quality of Work: The Case of Modern American Painters pp. 761-777

David Galenson and Bruce Weinberg

Balladurette and Juppette: A Discrete Analysis of Scrapping Subsidies pp. 778-806

Jerome Adda and Russell Cooper

Earnings within Education Groups and Overall Productivity Growth pp. 807-832

John Laitner

Equilibrium Price Dispersion in Retail Markets for Prescription Drugs pp. 833-862

Alan T. Sorensen

Volume 108, issue 3, 2000

What Did Smith Mean by the Invisible Hand? pp. 441-465

William D. Grampp

Prices Rise Faster than They Fall pp. 466-502

Sam Peltzman

Estimating Preferences under Risk: The Case of Racetrack Bettors pp. 503-530

Bruno Jullien and Bernard Salanié

The Dynamics of Political Compromise pp. 531-568

Avinash Dixit, Gene Grossman and Faruk Gul

Let's Agree That All Dictatorships Are Equally Bad pp. 569-589

Uzi Segal

A Market Test for Discrimination in the English Professional Soccer Leagues pp. 590-603

Stefan Szymanski

Does Entrepreneurship Pay? An Empirical Analysis of the Returns to Self-Employment pp. 604-631

Barton H. Hamilton

Intellectual Collaboration pp. 632-661

David Laband and Robert Tollison

Volume 108, issue 2, 2000

On the State of the Union pp. 213-244

S. Aiyagari, Jeremy Greenwood and Nezih Guner

Putting Auction Theory to Work: The Simultaneous Ascending Auction pp. 245-272

Paul Milgrom

Do Incentives Matter? Managerial Contracts for Dual-Purpose Funds pp. 273-299

Michael L. Lemmon, James S. Schallheim and Jaime F. Zender

Sustaining Fiscal Policy through Immigration pp. 300-323

Kjetil Storesletten

Equity, Bonds, and Bank Debt: Capital Structure and Financial Market Equilibrium under Asymmetric Information pp. 324-351

Patrick Bolton and Xavier Freixas

What Happens When You Tax the Rich? Evidence from Executive Compensation pp. 352-378

Austan Goolsbee

Effects of Air Quality Regulations on Polluting Industries pp. 379-421

Randy Becker and Vernon Henderson

Redistribution in a Decentralized Economy: Growth and Inflation in China under Reform pp. 422-451

Loren Brandt and Xiaodong Zhu

Volume 108, issue 1, 2000

Financial Contagion pp. 1-33

Franklin Allen and Douglas Gale

Sequential Voting Procedures in Symmetric Binary Elections pp. 34-55

Eddie Dekel and Michele Piccione

Testing for Asymmetric Information in Insurance Markets pp. 56-78

Pierre Chiappori and Bernard Salanié

Beyond Arbitrage: Good-Deal Asset Price Bounds in Incomplete Markets pp. 79-119

John Cochrane and Jesus Saa-Requejo

Reform without Losers: An Interpretation of China's Dual-Track Approach to Transition pp. 120-143

Lawrence J. Lau, Yingyi Qian and Gérard Roland

Gain, Loss, and Asset Pricing pp. 144-172

Antonio E. Bernardo and Olivier Ledoit

Valuing Research Leads: Bioprospecting and the Conservation of Genetic Resources pp. 173-206

Gordon Rausser and Arthur A. Small

Review of C. Y. Cyrus Chu, Population Dynamics: A New Economic Approach pp. 207-211

Andrew D. Foster