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Journal of Political Economy

1893 - 2025

From University of Chicago Press
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Volume 89, issue 6, 1981

An Empirical Model of Labor Supply in a Life-Cycle Setting pp. 1059-85 Downloads
Thomas E MaCurdy
Output Effects of Government Purchases pp. 1086-1121 Downloads
Robert Barro
Information Costs, Duration of Search, and Turnover: Theory and Applications pp. 1122-41 Downloads
Louis L Wilde
Macroeconomic Policy, Exchange-Rate Dynamics, and Optimal Asset Accumulation pp. 1142-61 Downloads
Maurice Obstfeld
Wage and Employment Determination under Trade Unionism: The International Typographical Union pp. 1162-81 Downloads
James N Dertouzos and John Pencavel
Cross Hedging pp. 1182-96 Downloads
Ronald W Anderson and Jean-Pierre Danthine
The Implications of Competition among Jurisdictions: Does Tiebout Need Politics? pp. 1197-1217 Downloads
Dennis Epple and Allan Zelenitz
Monetary Expansion and Real Exchange Rate Dynamics pp. 1218-27 Downloads
Nissan Liviatan
Economies of Scale and Barriers to Entry pp. 1228-38 Downloads
Richard Schmalensee
The Great Depression and Commodity-exporting LDCs: The Case of Brazil pp. 1239-50 Downloads
Eliana Cardoso
Estimating Property Tax Capitalization: A Further Comment pp. 1251-60 Downloads
Raymond M Reinhard
Tax Changes and Cigarette Prices [An Alternative Approach to the Analysis of Taxation] pp. 1261-65 Downloads
Michael T Sumner and Robert Ward
'Twas a Night in the Sixties pp. 1266-69 Downloads
Martin Feldstein
Policy Research pp. 1270-71 Downloads
Joseph Finger

Volume 89, issue 5, 1981

Rank-Order Tournaments as Optimum Labor Contracts pp. 841-64 Downloads
Edward Lazear and Sherwin Rosen
An Exploration in the Theory of Exchange-Rate Regimes pp. 865-90 Downloads
Elhanan Helpman
Subsidies to New Energy pp. 891-913 Downloads
William Baumol and Edward Wolff
A Rational Theory of the Size of Government pp. 914-27 Downloads
Allan Meltzer and Scott F Richard
The Family, Inheritance, and the Intergenerational Transmission of Inequality pp. 928-58 Downloads
Nigel Tomes
Intraindustry Specialization and the Gains from Trade pp. 959-73 Downloads
Paul Krugman
The Adjustment of Consumption to Changing Expectations about Future Income pp. 974-1009 Downloads
Marjorie A Flavin
Measurement of Monopoly Behavior: An Application to the Cigarette Industry pp. 1010-19 Downloads
Daniel A Sumner
Swedish Tax Rates, Labor Supply, and Tax Revenues pp. 1020-38 Downloads
Charles E Stuart
A Superior Solution to Captain MacWhirr's Problem: An Illustration of Information Problems and Entitlement Structures pp. 1039-43 Downloads
Gene E Mumy
Concentration Changes and Inflation: Some Evidence [A Note on Inflation and Concentration] pp. 1044-51 Downloads
Edwin Eckard

Volume 89, issue 4, 1981

The Role of Market Forces in Assuring Contractual Performance pp. 615-41 Downloads
Benjamin Klein and Keith B Leffler
The Political Economy of Benefits and Costs: A Neoclassical Approach to Distributive Politics pp. 642-64 Downloads
Barry Weingast, Kenneth A Shepsle and Christopher Johnsen
Flexible Exchange Rates, Prices, and the Role of "News": Lessons from the 1970s pp. 665-705 Downloads
Jacob A Frenkel
The Role of Intergenerational Transfers in Aggregate Capital Accumulation pp. 706-32 Downloads
Laurence Kotlikoff and Lawrence H Summers
Output Variability under Monetary Policy and Exchange Rate Rules pp. 733-51 Downloads
Warren Weber
Point Spreads versus Odds pp. 752-68 Downloads
Gilbert Bassett
Time Preference and International Lending and Borrowing in an Overlapping-Generations Model pp. 769-97 Downloads
Willem Buiter
Mobility Costs, Frictional Unemployment, and Efficiency pp. 798-812 Downloads
Peter Diamond
International Transmission of a Real Shock under Flexible Exchange Rates: A Comment pp. 813-18 Downloads
Betty Daniel
Market Constraints as a Rationale for the Friedman-Savage Utility Function pp. 819-25 Downloads
Elie Appelbaum and Eliakim Katz

Volume 89, issue 3, 1981

The Deterrent Effect of Antitrust Enforcement pp. 429-45 Downloads
Michael Kent Block and Frederick Carl Nold
The Market Evaluation of Human Capital: The Case of Indentured Servitude pp. 446-67 Downloads
David Galenson
The Welfare Cost of Capital Income Taxation in a Growing Economy pp. 468-96 Downloads
Christophe Chamley
Foreign Ownership and the Theory of Trade and Welfare pp. 497-511 Downloads
Richard Brecher and Jagdish N Bhagwati
Accounting for Price Changes: American Steel Rails, 1879-1910 pp. 512-28 Downloads
Robert Allen
Some Evidence on Cross-Sector Effects of the Minimum Wage pp. 529-47 Downloads
George Tauchen
Taxes, Inflation, and the Durability of Capital pp. 548-60 Downloads
Andrew Abel
Uncertain Lifetime, Consumption, and Dissaving in Retirement pp. 561-77 Downloads
James Davies
What Kind of Science is Economics? A Review Article on Causality in Economics by John R. Hicks pp. 578-83 Downloads
Christopher A Sims
To Save or Savor: The Rate of Return to Storing Wine: Comment pp. 584-92 Downloads
Elizabeth Jaeger
On the Relationship between Commodity Price Changes and Factor Owners' Real Positions [The Relevance of the Two-Sector Production Model in Trade Theory] pp. 593-95 Downloads
James Cassing
Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Evidence for the U. K. Economy: Comment pp. 596-99 Downloads
Vincent Daly and George Hadjimatheou
Why There are no Risk Preferrers pp. 600 Downloads
David Friedman

Volume 89, issue 2, 1981

Interpreting Economic Time Series pp. 213-48 Downloads
Thomas Sargent
Activist Monetary Policy under Rational Expectations pp. 249-69 Downloads
Peter W Howitt
Equalizing Discrimination and Cartel Pricing in Transport Rate Regulation pp. 270-86 Downloads
Kenneth D Boyer
Transaction Costs, Order Placement Strategy, and Existence of the Bid-Ask Spread pp. 287-305 Downloads
Kalman J Cohen, Steven F Maier, Robert A Schwartz and David K Whitcomb
Land Value Capitalization in Local Public Finance pp. 306-27 Downloads
David A Starrett
Money and the Dispersion of Relative Prices pp. 328-56 Downloads
Zvi Hercowitz
Exchange-Rate Dynamics: An Empirical Investigation pp. 357-71 Downloads
Robert Driskill
The Family as an Incomplete Annuities Market pp. 372-91 Downloads
Laurence Kotlikoff and Avia Spivak
An Economic Theory of Self-Control pp. 392-406 Downloads
Richard Thaler and H M Shefrin
A Note on Loss of Control and the Optimum Size of the Firm [Supervision, Loss of Control, and the Optimum Size of the Firm] pp. 407-10 Downloads
Antonio Camacho and William D White
Prior Information and the Observational Equivalence Problem [The Observational Equivalence of Natural and Unnatural Rate Theories of Macroeconomics] pp. 411-15 Downloads
Warren Weber

Volume 89, issue 1, 1981

Positive Time Preference pp. 1-25 Downloads
Mancur Olson and Martin J Bailey
Temporary Income Taxes and Consumer Spending pp. 26-53 Downloads
Alan Blinder
Consumer Search with Uncertain Product Quality pp. 54-66 Downloads
John D Hey and Chris J McKenna
Commodity-Choice Behavior with Pigeons as Subjects pp. 67-91 Downloads
Raymond Battalio, John Kagel, Howard Rachlin and Leonard Green
Taste Change in the United Kingdom, 1900-1955 pp. 92-104 Downloads
Steven E Landsburg
The Determinants of Tariff and Nontariff Trade Restrictions in the United States pp. 105-21 Downloads
Edward John Ray
Inflation, Corporate Income Taxation, and the Demand for Capital Assets pp. 122-31 Downloads
Richard W Kopcke
A Monetary Approach to the Crawling-Peg System: Theory and Evidence pp. 132-51 Downloads
Mario I Blejer and Leonardo Leiderman
Does Federalism Matter? Political Choice in a Federal Republic pp. 152-65 Downloads
Susan Rose-Ackerman
Market Provision of Price-excludable Public Goods: A General Analysis pp. 166-91 Downloads
Michael E Burns and Cliff Walsh
Recalculating the Scientific Tariff pp. 192-95 Downloads
Bruce R Bolnick
Discount Rate and Wealth pp. 196-98 Downloads
G S Laumas
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