Journal of Political Economy

1893 - 2025

From University of Chicago Press
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Volume 85, issue 6, 1977

Leisure, Home Production, and Work-The Theory of the Allocation of Time Revisited pp. 1099-1123

Reuben Gronau

The Principle of Unanimity and Voluntary Consent in Social Choice pp. 1125-39

Vernon L Smith

An Economic Analysis of Marital Instability pp. 1141-87

Gary Becker, Elisabeth M Landes and Robert T Michael

Location of Firms within a Square Central Business District pp. 1189-1207

Donald J O'Hara

Transaction Costs and Interest Arbitrage: Tranquil versus Turbulent Periods pp. 1209-26

Jacob A Frenkel and Richard M Levich

Money Wages, Prices, and Causality pp. 1227-44

Y P Mehra

Exchange Rate Dynamics with Stock/Flow Interaction pp. 1245-57

Jurg Niehans

Income Distributions in Two Experimental Economies pp. 1259-71

Raymond Battalio, John Kagel and Morgan O Reynolds

Health, Investment in Health, and Occupational Choice pp. 1273-94

Maureen Cropper

Inflationary Finance and Growth pp. 1295-1307

Bijan B Aghevli

Volume 85, issue 5, 1977

The Gibson Paradox and Historical Movements in Real Interest Rates pp. 891-907

Robert J Shiller and Jeremy J Siegel

The Relevance of the Two-Sector Production Model in Trade Theory pp. 909-35

Ronald Jones and Jose A Scheinkman

Trade Using One Commodity as a Means of Payment pp. 937-68

Lloyd S Shapley and Martin Shubik

Organized Futures Markets: Costs and Benefits pp. 969-1000

Lester G Telser and Harlow N Higinbotham

Public Property and the Effects of Migration upon Other Residents of the Migrants' Countries of Origin and Destination pp. 1001-20

Dan Usher

The Monetary Appreciation of Paintings pp. 1021-35

John Picard Stein

Empirical Study of Scale Economies and Production Complementarity: The Case of Journal Publication pp. 1037-48

William Baumol and Yale M Braunstein

The IS-LM Model of Macroeconomic Equilibrium and the Monetarist Controversy pp. 1049-62

Neil Bruce

Price Discrimination and Vertical Control: A Note pp. 1063-71

J R Gould

Pollak and Wachter on the Household Production Function Approach pp. 1073-82

William Barnett

Reply: "Pollak and Wachter on the Household Production Approach." pp. 1083-86

Robert Pollak and Michael L Wachter

Volume 85, issue 4, 1977

Financial Flow Variables and the Short-Run Determination of Long-Term Interest Rates pp. 661-89

Benjamin M Friedman

The Demand for Quality-adjusted Cash Balances: Price Uncertainty in the U.S. Demand for Money Function pp. 691-715

Benjamin Klein

The Competitive Effects of Trust-Busting: A Portfolio Analysis pp. 717-39

Malcolm R Burns

Capital Punishment and Deterrence: Some Further Thoughts and Additional Evidence pp. 741-88

Isaac Ehrlich

The Demand for Supplementary Health Insurance, or Do Deductibles Matter? pp. 789-801

Emmett B Keeler, Daniel T Morrow and Joseph Newhouse

Probability and Utility Estimates for Racetrack Bettors pp. 803-15

Mukhtar M Ali

The Variability of Expectations in Hyperinflations pp. 817-27

Mohsin Khan

On the Structure and Stability of Political Markets pp. 829-42

W. Crain

On Uncertain Lifetimes pp. 843-49

Robert Barro and James Friedman

Consumer Horizon: Further Evidence pp. 851-58

Khan A Mohabbat and Evangelos O Simos

Equilibrium in Stable Markets pp. 859-64

James Ohlson

On the Shadow Pricing of Traded Commodities pp. 865-72

Peter Warr

An Example of a Trading Economy with Three Competitive Equilibria pp. 873-75

Lloyd S Shapley and Martin Shubik

Volume 85, issue 3, 1977

Nobel Lecture: Inflation and Unemployment pp. 451-72

Milton Friedman

Rules Rather Than Discretion: The Inconsistency of Optimal Plans pp. 473-91

Finn Kydland and Edward Prescott

Minimum Rate Regulation, Modal Split Sensitivities, and the Railroad Problem pp. 493-512

Kenneth D Boyer

The Social Cost of Public Finance pp. 513-47

Larry A Sjaastad and Daniel L Wisecarver

Regional Product Price Differences and the Sectoral Distribution of Labor in Less Developed Countries pp. 549-68

James L McCabe

Education: Consumption or Production? pp. 569-97

Edward Lazear

Consumer Interdependence via Reference Groups pp. 599-615

Hiroaki Hayakawa and Yiannis P Venieris

A Model of Exchange Rate Determination under Currency Substitution and Rational Expectations pp. 617-25

Guillermo Calvo and Carlos Rodríguez

Price-Level Stickiness and the Feasibility of Monetary Stabilization Policy with Rational Expectations pp. 627-34

Bennett McCallum

Taxation and "Abnormal" International Capital Flows pp. 635-46

Maurice Levi

The Deeper Economics of Sleeping: Important Clues toward the Discovery of Activity X pp. 647-49

Emily P Hoffman

Volume 85, issue 2, 1977

A Political Model of the Business Cycle pp. 239-63

Cecil MacRae

Savings and Consumption with an Uncertain Horizon pp. 265-81

David Levhari and Leonard Mirman

Foreign Direct Investment in Manufacturing pp. 283-97

Edward John Ray

Political Power, Desegregation, and Employment of Black Schoolteachers pp. 299-322

Richard Freeman

The Foreign Dependence Question pp. 323-47

George S Tolley and John D Wilman

The Surprising Incidence of a Tax on Pure Rent: A New Answer to an Old Question pp. 349-60

Martin Feldstein

Patterns of Engineering Trade Specialization, 1960-1970, and Sweden's Factor Abundance pp. 361-78

Lennart Ohlsson

Perfect Foresight, Expectational Consistency, and Macroeconomic Equilibrium pp. 379-93

Stephen J Turnovsky and Edwin Burmeister

On Two Specifications of Asset Equilibrium in Macroeconomic Models: A Note pp. 395-400

Willem Buiter and Geoffrey Woglom

On Two Specifications of Asset Equilibrium in Macroeconomic Models: Reply pp. 401-02

Duncan Foley

The Theory of Share Tenancy Revisited-Again pp. 403-07

Reid, Joseph D,

Household Allocation of Time and Church Attendance: Some Additional Evidence pp. 409-13

Stephen H Long and Russell F Settle

Household Allocation of Time and Religiosity: Replication and Extension pp. 415-23

Ronald Ehrenberg

Estimating Property Tax Capitalization: A Critical Comment pp. 425-31

A Thomas King

A Note on Local Tax Rates, Public Benefit Levels, and Property Values pp. 433-40

Harvey Rosen and David J Fullerton

The Conference Handbook pp. 441-43

George J Stigler

Volume 85, issue 1, 1977

Optimal Peak-Load Pricing, Investment, and Service Levels on Urban Expressways pp. 1-25

Theodore E Keeler and Kenneth A Small

A Beta-logistic Model for the Analysis of Sequential Labor Force Participation by Married Women pp. 27-58

James J Heckman and Robert Willis

A Theory of the Size and Shape of Nations pp. 59-77

David Friedman

Factor Mobility, Regional Development, and the Distribution of Income pp. 79-96

Rachel McCulloch and Janet Yellen

Risk, Probabilities, and a New Theory of Cardinal Utility pp. 97-122

Jagdish Handa

The Demand for Children in Farm Households pp. 123-46

Mark Rosenzweig

Managerial Objectives in Regulated Industries: Expense-Preference Behavior in Banking pp. 147-62

Franklin R Edwards

Stabilizing Powers of Monetary Policy under Rational Expectations pp. 163-90

Edmund Phelps and John Taylor

Long-Term Contracts, Rational Expectations, and the Optimal Money Supply Rule pp. 191-205

Stanley Fischer

The Ricardian Nonequivalence Theorem pp. 207-10

O'Driscoll, Gerald P,

Education, Income, and Ability: A Comment pp. 211-15

Nicholas Scott Cardell and Mark Myron Hopkins

Education, Income, and Ability: Rejoinder to Cardell and Hopkins pp. 215

Zvi Griliches

Publishing Scholarly Books and Journals: Is It Economically Viable? pp. 217-25

Fritz Machlup