Journal of Political Economy

1893 - 2025

From University of Chicago Press
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Volume 106, issue 6, 1998

Law and Finance pp. 1113-1155

Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer and Robert Vishny

Juvenile Crime and Punishment pp. 1156-1185

Steven Levitt

Toward a Theory of Charitable Fund-Raising pp. 1186-1213

James Andreoni

Regionalism in a Multilateral World pp. 1214-1245

Wilfred Ethier

The Marginal Cost of Raising Tax Revenue and Redistributing Income pp. 1246-1273

Sam Allgood and Arthur Snow

Transaction Services, Inflation, and Welfare pp. 1274-1301

S. Aiyagari, R. Braun and Zvi Eckstein

Absentee Bidders and the Declining Price Anomaly in Wine Auctions pp. 1302-1331

Victor Ginsburgh

Volume 106, issue 5, 1998

Income and Wealth Heterogeneity in the Macroeconomy pp. 867-896

Per Krusell, Anthony A. Smith and Jr.

Economies of Scale, Household Size, and the Demand for Food pp. 897-930

Angus Deaton and Christina Paxson

Managerial Incentives: On the Near Linearity of Optimal Compensation pp. 931-957

Peter Diamond

The Impact of Group-Based Credit Programs on Poor Households in Bangladesh: Does the Gender of Participants Matter? pp. 958-996

Mark Pitt and Shahidur Khandker

Why Do More Open Economies Have Bigger Governments? pp. 997-1032

Dani Rodrik

Pecuniary Incentives to Work in the United States during World War II pp. 1033-1077

Casey Mulligan

Measuring Intertemporal Substitution: The Role of Durable Goods pp. 1078-1098

Masao Ogaki and Carmen Reinhart

New Evidence on Property Tax Capitalization pp. 1099-1128

Oded Palmon and Baron A. Smith

Volume 106, issue 4, 1998

The Effect of State Policies on the Location of Manufacturing: Evidence from State Borders pp. 667-705

Thomas J. Holmes

The Effects of Pensions on Household Wealth: A Reevaluation of Theory and Evidence pp. 706-723

William Gale

The Macroeconomics of Specificity pp. 724-767

Ricardo Caballero and Mohamad L. Hammour

Are Financial Analysts' Forecasts of Corporate Profits Rational? pp. 768-805

Michael Keane and David E. Runkle

Endogenous Adverse Selection and Unemployment Insurance pp. 806-827

W. Henry Chiu and Edi Karni

Rent Seeking with Bounded Rationality: An Analysis of the All-Pay Auction pp. 828-853

Simon Anderson, Jacob Goeree and Charles Holt

Goethe's Second-Price Auction pp. 854-859

Benny Moldovanu and Manfred Tietzel

A Note on the Role of Countercyclical Monetary Policy pp. 860-889

Charles Carlstrom and Timothy Fuerst

Volume 106, issue 3, 1998

Can Asset Markets Be Manipulated? A Field Experiment with Racetrack Betting pp. 457-482

Colin Camerer

The Theory of Sovereign Debt and Spain under Philip II pp. 483-513

James Conklin

The European Unemployment Dilemma pp. 514-550

Lars Ljungqvist and Thomas Sargent

Old-Age Longevity and Mortality-Contingent Claims pp. 551-573

Tomas Philipson and Gary Becker

The Value of Trade Agreements in the Presence of Political Pressures pp. 574-601

Giovanni Maggi and Andres Rodriguez-Clare

The Optimal Enforcement of Insider Trading Regulations pp. 602-632

Peter DeMarzo, Michael J. Fishman and Kathleen M. Hagerty

Learning and Incentive-Compatible Mechanisms for Public Goods Provision: An Experimental Study pp. 633-662

Yan Chen and Fang-Fang Tang

Volume 106, issue 2, 1998

Using Consumer Theory to Test Competing Business Cycle Models pp. 233-261

Mark Bils and Pete Klenow

Life Cycle Schooling and Dynamic Selection Bias: Models and Evidence for Five Cohorts of American Males pp. 262-333

Stephen V. Cameron and James J. Heckman

Differential Fecundity, Markets, and Gender Roles pp. 334-354

Aloysius Siow

Is Honesty the Best Policy? Curtailing Insurance Fraud through Optimal Incentive Contracts pp. 355-375

Keith J. Crocker and John Morgan

Culture as a Bubble pp. 376-394

Guido Cozzi

Advance-Purchase Discounts and Price Discrimination in Competitive Markets pp. 395-422

James Dana

A Reexamination of the Strategic Bequest Motive pp. 423-445

Maria G. Perozek

Review of Oliver Hart, "Firms, Contracts, and Financial Structure: Clarendon Lectures in Economics" pp. 446-451

Harold Demsetz

Review of Lance E. Davis et al., In Pursuit of Leviathan: Technology, Institutions, Productivity, and Profits in American Whaling, 1816-1906 pp. 452-481

Robert Margo

Volume 106, issue 1, 1998

Private and Public Supply of Liquidity pp. 1-40

Bengt Holmstrom and Jean Tirole

Growth without Scale Effects pp. 41-63

Alwyn Young

Exclusive Dealing pp. 64-103

B. Douglas Bernheim and Michael Whinston

The Demand for Quality in Child Care pp. 104-146

David Blau and Alison P. Hagy

Job Mobility and the Market for Lawyers pp. 147-171

Robert M. Sauer

Why Higher Takeover Premia Protect Minority Shareholders pp. 172-204

Mike Burkart, Denis Gromb and Fausto Panunzi

Bettors Love Skewness, Not Risk, at the Horse Track pp. 205-225

Joseph Golec and Maurry Tamarkin

Public Finance of Private Goods: A Discussion and Extension pp. 226-255

Marc Gurgand

Volume 105, issue 6, 1997

Parental Altruism and Inter Vivos Transfers: Theory and Evidence pp. 1121-66

Joseph Altonji, Fumio Hayashi and Laurence Kotlikoff

Risk Taking by Mutual Funds as a Response to Incentives pp. 1167-1200

Judith Chevalier and Glenn Ellison

Endogenous Substitution among Energy Resources and Global Warming pp. 1201-34

Ujjayant Chakravorty, James Roumasset and Kinping Tse

Why Do Mexican Americans Earn Low Wages? pp. 1235-68

Stephen Trejo

Displacing the Family: Union Army Pensions and Elderly Living Arrangements pp. 1269-92

Dora Costa

Short-Run and Long-Run Effects of Changes in Money in a Random-Matching Model pp. 1293-1307

Neil Wallace

Money, Inflation, and Output under Fiat and Commodity Standards pp. 1308-21

Arthur J Rolnick and Warren Weber

Pareto and Political Economy as a Science: Methodological Revolution and Analytical Advances in Economic Theory in the 1890s pp. 1322-48

Roberto Marchionatti and Enrico Gambino

Volume 105, issue 5, 1997

Geographic Concentration in U.S. Manufacturing Industries: A Dartboard Approach pp. 889-927

Glenn Ellison and Edward Glaeser

Liquidity, Banks, and Markets pp. 928-56

Douglas Diamond

Options, Sunspots, and the Creation of Uncertainty pp. 957-75

David Bowman and Jon Faust

Balanced-Budget Rules, Distortionary Taxes, and Aggregate Instability pp. 976-1000

Stephanie Schmitt-Grohe and Martín Uribe

Does Competition Kill Corruption? pp. 1001-23

Christopher Bliss and Rafael Di Tella

Noise Trading, Delegated Portfolio Management, and Economic Welfare pp. 1024-50

James Dow and Gary Gorton

Critical Evidence on Comparative Advantage? North-North Trade in a Multilateral World pp. 1051-60

Donald Davis

Scale Economies, the Value of Time, and the Demand for Money: Longitudinal Evidence from Firms pp. 1061-79

Casey Mulligan

The Impact of Economic Reform on the Performance of Chinese State Enterprises, 1980-1989 pp. 1080-1106

Wei Li

On Testing for Financial Market Equilibrium under Asymmetric Information: Comment pp. 1107-13

Georg Nöldeke

Volume 105, issue 4, 1997

Bidder Collusion at Forest Service Timber Sales pp. 657-99

Laura H Baldwin, Robert Marshall and Jean-Francois Richard

Contracts and Money pp. 700-708

Boyan Jovanic and Masako Ueda

Was Prometheus Unbound by Chance? Risk, Diversification, and Growth pp. 709-51

Daron Acemoglu and Fabrizio Zilibotti

Common Agency and Coordination: General Theory and Application to Government Policy Making pp. 752-69

Avinash Dixit, Gene Grossman and Elhanan Helpman

Intertemporal Cost Allocation and Managerial Investment Incentives: A Theory Explaining the Use of Economic Value Added as a Performance Measure pp. 770-95

William P Rogerson

Information Management in Incentive Problems pp. 796-821

Tracy Lewis and David Sappington

The Principles of Exchange Rate Determination in an International Financial Experiment pp. 822-61

Charles Noussair, Charles Plott and Raymond Riezman

Transactions Costs and Nonlinear Adjustment in Real Exchange Rates: An Empirical Investigation pp. 862-79

Panos Michael, Bob Nobay and David Peel

Taxation and Product Quality: New Evidence from Generic Cigarettes pp. 880-87

Russell S Sobel and Thomas Garrett

Volume 105, issue 3, 1997

Postwar British Economic Growth and the Legacy of Keynes pp. 439-72

Thomas Cooley and Lee Ohanian

The Career Decisions of Young Men pp. 473-522

Michael Keane and Kenneth I Wolpin

Financial Markets, Intermediaries, and Intertemporal Smoothing pp. 523-46

Franklin Allen and Douglas Gale

Performance Comparisons and Dynamic Incentives pp. 547-81

Margaret Meyer and John Vickers

Unemployment, Migration, and Growth pp. 582-608

Valerie Bencivenga and Bruce D Smith

Are Hypothetical Referenda Incentive Compatible? pp. 609-21

Ronald G Cummings, Steven Elliott, Glenn Harrison and James Murphy

The Role of Markets in Reducing Expected Utility Violations pp. 622-36

Dorla A Evans

Gains from Trade, Inefficiency of Government Programs, and the Net Economic Effects of Trading pp. 637-47

Troy G Schmitz, Andrew Schmitz and Chris Dumas

Anarchy, Warfare, and Social Order: Comment on Hirshleifer pp. 648-51

Kevin Dowd

Volume 105, issue 2, 1997

Credit Cycles pp. 211-48

Nobuhiro Kiyotaki and John Moore

Returns to Scale in U.S. Production: Estimates and Implications pp. 249-83

Susanto Basu and John Fernald

Turnaround Time and Bottlenecks in Market Clearing: Decentralized Matching in the Market for Clinical Psychologists pp. 284-329

Alvin Roth and Xiaolin Xing

Do Meetings in Smoke-Filled Rooms Facilitate Collusion? pp. 330-50

Barbara McCutcheon

Local Property and State Income Taxes: The Role of Interjurisdictional Competition and Collusion pp. 351-84

Thomas Nechyba

Competitive Search Equilibrium pp. 385-411

Espen Moen

Optimal Unemployment Insurance pp. 412-38

Hugo A Hopenhayn and Juan Pablo Nicolini

Volume 105, issue 1, 1997

Formal and Real Authority in Organizations pp. 1-29

Philippe Aghion and Jean Tirole

The Impact of Federal Spending on House Election Outcomes pp. 30-53

Steven Levitt and Snyder, James M,

The Effect of the Expansion of the Voting Franchise on the Size of Government pp. 54-82

Thomas A Husted and Lawrence Kenny

Prices versus Quantities: The Political Perspective pp. 83-100

Israel Finkelshtain and Yoav Kislev

Bargaining over Governments in a Stochastic Environment pp. 101-31

Antonio Merlo

Relative Price Variability and Inflation: Evidence from U.S. Cities pp. 132-52

Guy Debelle and Owen Lamont

Chicago, Harvard, and the Doctrinal Foundations of Monetary Economics pp. 153-77

George Tavlas

Collective Labor Supply and Household Production pp. 178-90

Patricia Apps and Ray Rees

Introducing Household Production in Collective Models of Labor Supply pp. 191-209

Pierre Chiappori