Journal of Political Economy

1893 - 2025

From University of Chicago Press
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Volume 88, issue 6, 1980

Revenue Seeking: A Generalization of the Theory of Tariffs pp. 1069-87

Jagdish N Bhagwati and T N Srinivasan

The Effects of Monetary Change on Relative Commodity Prices and the Role of Long-Term Contracts pp. 1088-1109

Michael Bordo

Wage Determination in the Federal Government: The Role of Constituents and Bureaucrats pp. 1110-47

George Borjas

The Role of Trade Flows in Exchange Rate Determination: A Rational Expectations Approach pp. 1148-58

Carlos Rodríguez

Expectations Models of the Term Structure and Implied Variance Bounds pp. 1159-76

Kenneth J Singleton

Discriminatory Features of Domestic Factor Tax Systems in a Goods Mobile-Factors Immobile Trade Model: An Empirical General Equilibrium Approach pp. 1177-1202

John Whalley

Uncertainty and Exhaustible Resource Markets pp. 1203-25

Robert Pindyck

Relative Wealth and Risk Taking: A Short Note on the Friedman-Savage Utility Function pp. 1226-30

Nathaniel Gregory

A Note on Lucas's Equilibrium Model of the Business Cycle pp. 1231-36

Edi Karni

The Little-Mirrlees Shadow Wage Rate: A Comment on Sjaastad and Wisecarver [The Social Cost of Public Finance] pp. 1237-41

Deepak Lal and Lyn Squire

The Incidence of Sales and Excise Taxes, or Where Do We Put the Transfers? pp. 1242-48

Jacob Meerman

The Protection of Unskilled Labor in the United States Manufacturing Industries: Further Evidence pp. 1249-54

Don Clark

The Birth of Stagflation: A Fable pp. 1255-59

Christopher U Light

Volume 88, issue 5, 1980

Forward Exchange Rates as Optimal Predictors of Future Spot Rates: An Econometric Analysis pp. 829-53

Lars Peter Hansen and Robert J Hodrick

Personal Taxation, Portfolio Choice, and the Effect of the Corporation Income Tax pp. 854-66

Martin Feldstein and Joel Slemrod

Conflict and Contract: The Case of Strikes pp. 867-86

Melvin W Reder and George R Neumann

The Enforcement of Public Price Controls pp. 887-916

Charles C Cox

Completed Fertility and Its Timing pp. 917-40

Michael P Ward and William P Butz

The General Validity of the Law of Comparative Advantage pp. 941-57

Alan Deardorff

The Relative Efficiency of Public and Private Firms in a Competitive Environment: The Case of Canadian Railroads pp. 958-76

Douglas W Caves and Laurits R Christensen

Valuation Response to New Information: A Test of Resource Mobility and Market Structure pp. 977-93

Steven H Lustgarten and Stavros B Thomadakis

Economies of Scale, Domestic Divergences, and Potential Gains from Economic Integration in Ghana and the Ivory Coast pp. 994-1008

Scott R Pearson and William D Ingram

Theory of Vertical Control with Variable Proportions pp. 1009-25

Parthasaradhi Mallela and Babu Nahata

Effects of the EEC's Variable Import Levies pp. 1026-40

Gary P Sampson and Richard H Snape

On the Use of Distributional Weights in Social Cost-Benefit Analysis pp. 1041-47

Richard Layard

On the Use of Distributional Weights in Social Cost-Benefit Analysis pp. 1048-49

Lyn Squire

Reply to Layard and Squire [On the Use of Distributional Weights in Social Cost-Benefit Analysis] pp. 1050-52

Arnold C Harberger

Volume 88, issue 4, 1980

Nobel Lecture: The Economics of Being Poor pp. 639-51

Theodore W Schultz

Search, Layoffs, and Labor Market Equilibrium pp. 652-72

Kenneth Burdett and Dale Mortensen

A Theory of Exchange Rate Determination pp. 673-98

Alan C Stockman

The Treasury-Bill Futures Market pp. 699-721

Rodney L Jacobs and Robert Jones

The Measurement of Permanent Income and Its Application to Savings Behavior pp. 722-44

Surjit Bhalla

Market Fundamentals versus Price-Level Bubbles: The First Tests pp. 745-70

Robert Flood and Peter Garber

Firm Size and Efficient Entrepreneurial Activity: A Reformulation of the Schumpeter Hypothesis pp. 771-82

Albert Link

Protection, Real Wages, and the Neoclassical Ambiguity with Interindustry Flows pp. 783-802

David Burgess

The Efficiency of Direct Democracy pp. 803-10

Eli M Noam

Volume 88, issue 3, 1980

Competitive Bidding for Contracts under Alternative Auction Procedures pp. 433-45

Charles Holt

Organization Capital pp. 446-61

Edward Prescott and Michael Visscher

The Effects of Uncertainty on Investment under Risk Neutrality with Endogenous Information pp. 462-75

Alex Cukierman

The Effect of State Maximum-Hours Laws on the Employment of Women in 1920 pp. 476-94

Elisabeth M Landes

The Leontief Paradox, Reconsidered pp. 495-503

Edward Leamer

Income Distribution and the Aggregate Consumption Function pp. 504-25

Philip Musgrave

Job Queues and Layoffs in Labor Markets with Flexible Wages pp. 526-38

Andrew Weiss

Simultaneous-Equations Tests of the Natural Rate and Other Classical Hypotheses pp. 539-49

John Cuddington

Indexation, Inflationary Finance, and Hyperinflation: The 1945-1946 Hungarian Experience pp. 550-60

W A Bomberger and G E Makinen

Relative Capital Formation in the United States pp. 561-77

James Adams

Person-Specific Information in the Labor Market pp. 578-97

Glenn MacDonald

Money Demand Responsiveness to the Rate of Return on Money: A Methodological Critique pp. 598-607

John Carlson and James R Frew

Anthropology and Economics: Review Article pp. 608-16

Richard Posner

On the Auction Mechanism and Its Incentive Compatibility: Comment pp. 617-19

Earl R Brubaker

The Effect of Americanization on Earnings: Some Evidence for Women pp. 620-29

James E Long

Volume 88, issue 2, 1980

The Role for Active Monetary Policy in a Rational Expectations Model pp. 221-33

Laurence Weiss

Economic Losses from Forecasting Error in Agriculture pp. 234-58

Stephen DeCanio

Money-financed Fiscal Policy in a Growing Economy pp. 259-87

Ettore F Infante and Jerome L Stein

Agency Problems and the Theory of the Firm pp. 288-307

Eugene Fama

Search and Market Equilibrium pp. 308-27

Richard D MacMinn

Life-Cycle Labor Supply and Fertility: Causal Inferences from Household Models pp. 328-48

Mark Rosenzweig and Kenneth I Wolpin

Why Workers Want Unions: The Role of Relative Wages and Job Characteristics pp. 349-69

Henry S Farber and Daniel H Saks

Capital Controls, Political Risk, and Deviations from Interest-Rate Parity pp. 370-84

Michael Dooley and Peter Isard

The "Problem" of Procyclical Real Wages and Productivity pp. 385-94

John Tatom

Market Structure and Optimal Stockholding: A Note pp. 395-99

David de Meza and Thomas von Ungern Sternberg

Saving and the Rate of Interest: A Clarifying Note pp. 400-405

Bruce Bender and Gerald Dwyer

Is the Preferred-Habitat Model of the Term Structure Inconsistent with Financial Market Efficiency? pp. 406-11

Frederic Mishkin

The Effects of Traffic Safety Regulation in Sweden pp. 412-27

Bjorn Lindgren and Charles Stuart

Volume 88, issue 1, 1980

Aggregate Dynamics and Staggered Contracts pp. 1-23

John Taylor

An Economic Theory of Monetary Reform pp. 24-58

Robert Flood and Peter Garber

Federal Taxes and Homeownership: Evidence from Time Series pp. 59-75

Harvey Rosen and Kenneth T Rosen

Alcoa: The Influence of Recycling on Monopoly Power pp. 76-99

Peter Swan

Optimal Hedging under Price and Quantity Uncertainty: The Case of a Cocoa Producer pp. 100-116

Jacques Rolfo

The Decline in Male Labor Force Participation pp. 117-34

Donald Parsons

Stochastic Dominance in Human Capital pp. 135-45

Benjamin Eden

Open-Market Operations in a Model of Regulated, Insured Intermediaries pp. 146-73

John Bryant and Neil Wallace

A Nominal Theory of the Nominal Rate of Interest and the Price Level pp. 174-85

Marco Antonia Campos Martins

Human and Nonhuman Wealth in Demand-for-Money Functions pp. 186-93

G S Laumas and Rati Ram

On the Feasibility of Sterilization by More Than One Country pp. 194-98

Richard J Herring and Richard C Marston

Shipping the Good Apples Out: Some Ambiguities in the Interpretation of "Fixed Charge" pp. 199-208

John Umbeck

Tales of Horror from Ivory Towers pp. 210-12

Edi Karni and Barbara Shapiro

The Economics of the Afterlife pp. 213-14

Scott Gordon