Journal of Political Economy

1893 - 2025

From University of Chicago Press
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Volume 90, issue 6, 1982

Price Inertia and Policy Ineffectiveness in the United States, 1890-1980 pp. 1087-1117

Robert Gordon

Dividends and Taxes: Some Empirical Evidence pp. 1118-41

Merton Miller and Myron S Scholes

Tariffs, Technology Transfer, and Welfare pp. 1142-65

Robert Feenstra and Kenneth Judd

Optimal Multiperiod Contracts and the Gain from Enduring Relationships under Private Information pp. 1166-86

Robert Townsend

Sticky Prices in the United States pp. 1187-1211

Julio Rotemberg

The Real-Bills Doctrine versus the Quantity Theory: A Reconsideration pp. 1212-36

Thomas Sargent and Neil Wallace

Adam Smith's Analysis of Joint-Stock Companies pp. 1237-56

Gary M Anderson and Robert Tollison

Wages, Rents, and the Quality of Life pp. 1257-78

Jennifer Roback

Exploration and Scarcity pp. 1279-90

Shantayanan Devarajan and Anthony C Fisher

The Role of the Current Account in Exchange-Rate Determination: A Comment on Rodriguez pp. 1291-94

Michael Dooley and Peter Isard

On the U.S. Import Demand Function: A Comment pp. 1295-99

Paul A Volker

Volume 90, issue 5, 1982

Aggregate Demand Management in Search Equilibrium pp. 881-94

Peter Diamond

The Permanent Income Hypothesis: Estimation and Testing by Instrumental Variables pp. 895-916

Fumio Hayashi

Capitalization and the Theory of Local Public Finance pp. 917-43

John Yinger

The Effects of General Price Controls in the United States during World War II pp. 944-66

Paul Evans

Imperfect Information and Wage Inertia in the Business Cycle pp. 967-87

Mark Gertler

Directly Unproductive, Profit-seeking (DUP) Activities pp. 988-1002

Jagdish N Bhagwati

Differential Use of Medical Care by Sex pp. 1003-19

Jody L Sindelar

Imports, Domestic Production, and Transnational Vertical Integration: A Theoretical Note pp. 1020-34

Pranab Bardhan

Wasteful Commuting pp. 1035-51

Bruce W Hamilton

Wasteful Commuting: Appendix pp. 1052-53

Ailsa Roell

A Theory of Factor Mobility pp. 1054-69

Gene Grossman and Carl Shapiro

Optimal Policy in the Presence of Licensed Technology from Abroad pp. 1072-78

Richard Brecher

Volume 90, issue 4, 1982

Efficiency of Experimental Security Markets with Insider Information: An Application of Rational-Expectations Models pp. 663-98

Charles Plott and Shyam Sunder

Heterogeneous Information and the Theory of the Business Cycle pp. 699-727

Sanford Grossman and Laurence Weiss

Dynamics of a Floating Exchange Rate Regime pp. 728-54

Elhanan Helpman and Assaf Razin

Cost-Benefit Criteria and the Compensation Principle in Evaluating Small Projects pp. 755-76

Neil Bruce and Richard G Harris

Sectoral Shifts and Cyclical Unemployment pp. 777-93

David M Lilien

The Welfare Cost of Free Public Schools pp. 794-808

Jon Sonstelie

Giffen Goods and the Law of Demand pp. 809-15

William Dougan

Politics, Time, and the Laffer Curve pp. 816-19

James Buchanan and Dwight R Lee

The Leontief Paradox, Continued pp. 820-23

Richard Brecher and Ehsan Choudhri

The Political Economy of Benefits and Costs: A Neoclassical Approach to Distributive Politics-Comment pp. 824-26

Gordon Tullock

The Reward for Risk in the Labor Market: Evidence from the United Kingdom and a Reconciliation with Other Studies pp. 827-53

Alan Marin and George Psacharopoulos

The Employment-Real Wage Relationship: An International Study pp. 854-71

Patrick T Geary and John Kennan

Volume 90, issue 3, 1982

The Economic Impacts of Minimum Wage Laws: A New Look at an Old Question pp. 443-69

Peter Linneman

Optimal Patents with Compulsory Licensing pp. 470-86

Pankaj Tandon

Dumping pp. 487-506

Wilfred Ethier

Estimated Output, Price, Interest Rate, and Exchange Rate Linkages among Countries pp. 507-35

Ray Fair

Micro Estimates of Public Spending Demand Functions and Tests of the Tiebout and Median-Voter Hypotheses pp. 536-60

Edward Gramlich and Daniel L Rubinfeld

Inflation and Welfare in the Steady State pp. 561-77

Boyan Jovanovic

Prices, Technology, and Farm Size pp. 578-95

Yoav Kislev and Willis Peterson

Bayesian Information and the Precautionary Demand for Money pp. 596-605

Bryan E Stanhouse

Social Security and Private Saving: New Time-Series Evidence pp. 606-29

Dean R Leimer and Selig D Lesnoy

Social Security and Private Saving: Reply pp. 630-42

Martin Feldstein

Social Security, Preretirement Labor Supply, and Saving: A Confirmation and a Critique pp. 643-46

Richard Burkhauser and John A Turner

Macroeconomic Policy and the Optimal Destruction of Vampires pp. 647-55

Dennis J Snower

Volume 90, issue 2, 1982

The Choice of Techniques and the Optimality of Market Equilibrium with Rational Expectations pp. 223-46

David M Newbery and Joseph Stiglitz

Monetary Policy and the Information Content of Prices pp. 247-79

Robert King

Waiting-Line Auctions pp. 280-94

Charles Holt and Roger Sherman

Seigniorage and the Case for a National Money pp. 295-313

Stanley Fischer

Durable-Goods Monopolists pp. 314-32

Jeremy I Bulow

A Neglected Classic in the Theory of Distribution pp. 333-55

John K Whitaker

Official Intervention in the Foreign Exchange Market, or, Bet against the Central Bank pp. 356-68

Dean Taylor

Unemployment in Interwar Britain: Still Searching for an Explanation [Searching for an Explanation of Unemployment in Interwar Britain] pp. 369-79

Michael Collins

How Much Voluntary Unemployment in Interwar Britain? [Searching for an Explanation of Unemployment in Interwar Britain] pp. 380-85

Rod Cross

Still Searching for an Explanation of Unemployment in Interwar Britain pp. 386-99

David Metcalf, Stephen Nickell and Nicos Floros

Unemployment in Interwar Britain [Searching for an Explanation of Unemployment in Interwar Britain] pp. 400-409

Paul Ormerod and G D N Worswick

Unemployment and Unemployment Benefits in Twentieth-Century Britain: A Reply to Our Critics [Searching for an Explanation of Unemployment in Interwar Britain] pp. 410-36

Daniel Benjamin and Levis A Kochin

Volume 90, issue 1, 1982

Entrepreneurial Risk Taking, Inequality, and Public Policy: An Application of Inequality Decomposition Analysis to the General Equilibrium Effects of Progressive Taxation pp. 1-21

Ravi Kanbur

Does Anticipated Monetary Policy Matter? An Econometric Investigation pp. 22-51

Frederic Mishkin

Parental Preferences and Provision for Progeny pp. 52-73

Jere Behrman, Robert Pollak and Paul Taubman

A Model of Exchange Rate Dynamics pp. 74-104

Michael Mussa

Inequality within and between Families pp. 105-27

Eytan Sheshinski and Yoram Weiss

Inequality in the Local Public Sector pp. 128-45

Sam Bucovetsky

Relative Price Variability and Nonuniform Inflationary Expectations pp. 146-57

Alex Cukierman and Paul Wachtel

PPP Exchange-Rate Rules and Macroeconomic Stability pp. 158-65

Rüdiger Dornbusch

Variance Bounds in a Simple Model of Asset Pricing pp. 166-75

Ronald W Michener

Monetary Stabilization and the Informational Value of Monetary Aggregates pp. 176-80

Jeremy J Siegel

A Note on Uncertain Lifetimes: A Comment pp. 181-83

Joseph Pelzman and Donald Rousslang

On Compliance with the Minimum Wage Law pp. 184-87

Gilles Grenier

Revenue Seeking: A Generalization of the Theory of Tariffs-A Correction pp. 188-90

Jagdish N Bhagwati and T N Srinivasan

The Impact of Proposition 13 on House Prices in Northern California: A Test of the Interjurisdictional Capitalization Hypothesis pp. 191-200

Kenneth T Rosen

The Effect of the Term Structure of Interest Rates on the Demand for Money in the United States pp. 201-12

Milton Friedman and Anna J Schwartz