Journal of Political Economy

1893 - 2025

From University of Chicago Press
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Volume 97, issue 6, 1989

Product Development and International Trade pp. 1261-83

Gene Grossman and Elhanan Helpman

Profit Regulation of Defense Contractors and Prizes for Innovation pp. 1284-1305

William P Rogerson

Convergence of Least-Squares Learning in Environments with Hidden State Variables and Private Information pp. 1306-22

Albert Marcet and Thomas Sargent

Currency and Credit in a Private Information Economy pp. 1323-44

Robert Townsend

Optimal Contracts under Costly State Falsification pp. 1345-63

Jeffrey Lacker and John Weinberg

Cost of Business Cycles with Indivisibilities and Liquidity Constraints pp. 1364-83

Ayse Imrohoruglu

Rationing and Rent Dissipation in the Presence of Heterogeneous Individuals pp. 1384-94

Wing Suen

Why Democracies Produce Efficient Results pp. 1395-1424

Donald Wittman

Is Schooling "Mostly in the Genes"? Nature-N urture Decomposition Using Data on Relatives pp. 1425-46

Jere Behrman and Paul Taubman

Giving with Impure Altruism: Applications to Charity and Ricardian Equivalence pp. 1447-58

James Andreoni

Durable-Goods Monopoly with Discrete Demand pp. 1459-78

Mark Bagnoli, Stephen W Salant and Joseph E Swierzbinski

Unemployment Insurance and Short-Time Compensation: The Effects on Layoffs, Hours per Worker, and Wages pp. 1479-96

Kenneth Burdett and Randall Wright

Wasteful Commuting Again pp. 1497-1504

Bruce W Hamilton

Volume 97, issue 5, 1989

Industrialization and the Big Push pp. 1003-26

Kevin Murphy, Andrei Shleifer and Robert Vishny

The Employer Size-Wage Effect pp. 1027-59

Charles Brown and James Medoff

The Simple Economics of Optimal Auctions pp. 1060-90

Jeremy Bulow and John Roberts

Optimal Forecasting Incentives pp. 1091-1112

Kent Osband

Transportation, State Marketing, and the Taxation of the Agricultural Hinterland pp. 1113-37

Mark Gersovitz

A Fresh Look at the Rotten Kid Theorem--and Other Household Mysteries pp. 1138-59

Ted Bergstrom

Collusion in Ocean Shipping: A Test of Monopoly and Empty Core Model s pp. 1160-79

William Sjostrom

Trade in Producer Services: A Heckscher-Ohlin Approach pp. 1180-96

James Melvin

An Accurate Measurement of the Crowd-Out Effect, Income Effect, and Price Effect for Charitable Contributions pp. 1197-1207

Bruce Robert Kingma

The Importance of Local Fiscal Conditions in Analyzing Local Labor Markets pp. 1208-31

Joseph Gyourko and Joseph Tracy

The Curse of Knowledge in Economic Settings: An Experimental Analysis pp. 1232-54

Colin Camerer, George Loewenstein and Martin Weber

Are Business Cycles Asymmetric? A Correction pp. 1255-60

Daniel E Sichel

Volume 97, issue 4, 1989

The Incidence and Efficiency Costs of Corporate Taxation When Corporate and Noncorporate Firms Produce the Same Good pp. 749-80

Jane Gravelle and Laurence Kotlikoff

The Impact of China's Economic Reforms on Agricultural Productivity Growth pp. 781-807

John McMillan, John Whalley and Lijing Zhu

An Estimated Model of Entrepreneurial Choice under Liquidity Constraints pp. 808-27

David Evans and Boyan Jovanovic

Reputation Acquisition in Debt Markets pp. 828-62

Douglas Diamond

Precautionary Saving and the Timing of Taxes pp. 863-79

Miles Kimball and N. Gregory Mankiw

Dynamics of R&D and Investment in the Scientific Sector pp. 880-904

Saul Lach and Mark Schankerman

Consumption Smoothing, Migration, and Marriage: Evidence from Rural India pp. 905-26

Mark Rosenzweig and Oded Stark

On Money as a Medium of Exchange pp. 927-54

Nobuhiro Kiyotaki and Randall Wright

Currency Substitution, Foreign Inflation, and Terms-of-Trade Dynamics pp. 955-64

Chau-nan Chen, Tien-wang Tsaur and Shun-chieh Liu

Are Sunspots Necessary? pp. 965-73

Stephen E Spear

Bioeconomics and the Bowhead Whale pp. 974-87

Jon M Conrad

Seasonal Fluctuations and the Life Cycle-Permanent Income Model of Consumption: A Correction pp. 988-91

William B English, Jeffrey Miron and David Wilcox

Tournaments, Piece Rates, and the Shape of the Payoff Function pp. 992-98

Robert Drago and John Heywood

An Efficiency-Wage Theory of the Weather pp. 999-1001

Robert Barro

Volume 97, issue 3, 1989

The Seasonal Cycle and the Business Cycle pp. 503-34

Robert Barsky and Jeffrey Miron

Tulipmania pp. 535-60

Peter Garber

Pay Equality and Industrial Politics pp. 561-80

Edward Lazear

Consumer Discrimination and Self-employment pp. 581-605

George Borjas and Stephen Bronars

Rational Expectations Business Cycles in Search Equilibrium pp. 606-19

Peter Diamond and Drew Fudenberg

Entry and Exit Decisions under Uncertainty pp. 620-38

Avinash Dixit

The Joint Determination of Union Status and Union Wage Effects: Some Tests of Alternative Models pp. 639-67

Chris Robinson

Mechanism Design with Incomplete Information: A Solution to the Implementation Problem pp. 668-91

Thomas Palfrey and Sanjay Srivastava

Labor Specialization and the Extent of the Market pp. 692-705

Sunwoong Kim

Real Wages, Employment, and the Phillips Curve pp. 706-20

Scott Sumner and Stephen Silver

Imitation, Entrepreneurship, and Long-run Growth pp. 721-39

Schmitz, James A,

Oil and Macroeconomy When Prices Go Up and Down: An Extension of Hamilton's Results pp. 740-44

Knut Anton Mork

Volume 97, issue 2, 1989

Two Models of Measurements and the Investment Accelerator pp. 251-87

Thomas Sargent

Social Security Benefits, Consumption Expenditure, and the Life Cycle Hypothesis pp. 288-304

David Wilcox

Consumption and Liquidity Constraints: An Empirical Investigation pp. 305-46

Stephen Zeldes

Public Ownership of the External World and Private Ownership of Self pp. 347-67

Herve Moulin and John Roemer

Nash Equilibrium Tariffs for the United States and Canada: The Roles of Country Size, Scale Economies, and Capital Mobility pp. 368-86

James Markusen and Randall Wigle

The Changing Empirical Definition of Money: Some Estimates from a Model of the Demand for Money Substitutes pp. 387-97

Michael Belongia and James Chalfant

Family Resources, Family Size, and Access to Financing for College Education pp. 398-419

Jere Behrman, Robert Pollak and Paul Taubman

Unbundling the Voting Rights and Profit Claims of Common Shares pp. 420-43

Douglas H Blair, Devra Golbe and James M Gerard

The Welfare Analysis of Product Innovations, with an Application to Computed Tomography Scanners pp. 444-79

Manuel Trajtenberg

Palgrave Resurrected: A Review Article pp. 480-96

John K Whitaker

Volume 97, issue 1, 1989

The Prewar Business Cycle Reconsidered: New Estimates of Gross National Product, 1869-1908 pp. 1-37

Christina Romer

The Estimation of Prewar Gross National Product: Methodology and New Evidence pp. 38-92

Nathan Balke and Robert Gordon

Malthus Was Right after All: Poor Relief and Birth Rates in Southeastern England pp. 93-114

George R Boyer

The Safety Regulation of U.S. Nuclear Power Plants: Violations, Inspections, and Abnormal Occurrences pp. 115-54

Jonathan Feinstein

A Constant Recontracting Model of Sovereign Debt pp. 155-78

Jeremy Bulow and Kenneth Rogoff

The Influence of Household Composition on Household Expenditure Patterns: Theory and Spanish Evidence pp. 179-200

Angus Deaton, Javier Ruiz-Castillo and Duncan Thomas

An Experimental Evaluation of Weakest Link/Best Shot Models of Public Goods pp. 201-25

Glenn Harrison and Jack Hirshleifer

How to Make the Central Bank Look Good pp. 226-32

Dean Taylor

How to Make the Central Bank Look Good: A Reply pp. 233-35

Peter D Spencer

Transaction Costs and the Interest Parity Theorem: Comment pp. 236-43

Esfandiar Maasoumi and John Pippenger

Efficient Pricing and Budgetary Balance pp. 244-49

Miles H Sonstegaard