Southern Economic Journal

1997 - 2025

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Volume 64, issue 4, 1998

Intergroup Disparity: Economic Theory and Social Science Evidence pp. 805-826

William Darity

Children as Income‐Producing Assets: The Case of Teen Illegitimacy and Government Transfers pp. 827-856

George Clarke and Robert Strauss

Investment During the Great Depression: Uncertainty and the Role of the Smoot‐Hawley Tariff pp. 857-879

Robert B. Archibald and David Feldman

Do Real Estate Brokers Choose to Discriminate? Evidence from the 1989 Housing Discrimination Study pp. 880-901

Jan Ondrich, Alex Stricker and John Yinger

Dynamic Portfolio Adjustment and Capital Controls: A Euler Equation Approach pp. 902-921

Peter Broer and W. Jos Jansen

Advertising and Quality in the U.S. Market for Automobiles pp. 922-939

Mark Nichols

Tax and Spend, or Spend and Tax? An Inquiry into the Turkish Budgetary Process pp. 940-956

Ali F. Darrat

Exchange Rates, Domestic Prices, and Central Bank Actions: Recent U.S. Experience pp. 957-972

David Parsley and Helen A. Popper

Does GDP Distort Mexico's Economic Performance? pp. 973-986

Scott M. Fuess and Hendrik Van den Berg

Political Business Cycles and Endogenous Elections pp. 987-1000

Jac Heckelman and Hakan Berument

The Median Voter According to GARP pp. 1001-1010

Geoffrey K. Turnbull and Chinkun Chang

Competitive Governments: An Economic Theory of Politics and Public Finance By Albert Breton. New York: Cambridge University Press, 1996. Pp. 384. $54.95 pp. 1011-1012

Donald Wittman

Cooperative Microeconomics: A Game‐Theoretic Introduction By Hervé Moulin. Princeton, NJ: Princeton University Press, 1995. Pp. ix, 454. $49.50 pp. 1012-1016

Dimitrios Diamantaras

Global Challenges By Todd Sandler. New York: Cambridge University Press, 1997. Pp. xvii, 234. $54.95 pp. 1016-1018

Nir Becker

Evolutionary Games and Equilibrium Selection By Larry Samuelson. Cambridge, MA: The MIT Press, 1997. Pp. ix, 309. $40.00 pp. 1019-1021

Claudio Mezzetti

Confidence, Credibility and Macroeconomic Policy By Richard C. K. Burdekin and Farrokh K. Langdana. New York: Routledge, 1995. Pp. 169. $65.00 pp. 1021-1023

Tom Cate

Designs Within Disorder: Franklin D. Roosevelt, the Economists, and the Shaping of American Economic Policy, 1933‐1945 By William J. Barber. Cambridge, UK: Cambridge University Press, 1996. Pp. ix, 178. $44.95 pp. 1023-1025

Frank G. Steindl

Against the Tide: An Intellectual History of Free Trade By Douglas A. Irwin. Princeton, NJ: Princeton University Press, 1996. Pp. viii, 265. $29.95 pp. 1025-1028

Mario Crucini

Volume 64, issue 3, 1998

The Cost of Discrimination: A Study of Major League Baseball pp. 603-627

F. Andrew Hanssen

Quality Expectations, Reputation, and Price pp. 628-647

Stuart Landon and Constance Smith

Historical Decomposition of Aggregate Demand and Supply Shocks in a Small Macro Model pp. 648-664

James S. Fackler and W. McMillin

A Consistent Method for Calibrating Contingent Value Survey Data pp. 665-681

Carol Mansfield

Fiscal Policy in a Growth Model with Both Altruistic and Nonaltruistic Agents pp. 682-697

Philippe Michel and Pierre Pestieau

Welfare Consequences of Alternative Insurance Contracts in the Mixed For‐Profit/Nonprofit Hospital Market pp. 698-712

Avi Dor and Harry Watson

New Wine in Old Bottles: A Meta‐Analysis of Ricardian Equivalence pp. 713-727

T. Stanley

Effects of Government Spending on the Current Account with Endogenous Time Preference pp. 728-740

Wen‐Ya Chang, Hsueh‐Fang Tsai and Wen‐Fang Liu

How the Client Effect Moderates Price Competition pp. 741-752

Dwight R. Lee and Richard B. McKenzie

Profit versus Cost Frontier Estimation of Price and Technical Inefficiency: A Parametric Approach with Panel Data pp. 753-764

Scott E. Atkinson and Christopher Cornwell

The Fischer Black Hypothesis: Some Time‐Series Evidence pp. 765-771

Tony Caporale and Barbara McKiernan

Research, Teaching, and Practice in Experimental Economics: A Progress Report and Review pp. 772-779

Sheryl Ball

In Pursuit of Leviathan: Technology, Institutions, Productivity, and Profits in American Whaling, 1816‐1906 By Lance E. Davis, Robert E. Gallman, and Karin Gleiter. Chicago and London: University of Chicago Press, 1997. Pp. xii, 550. $80.00 pp. 780-781

Tomas Nonnenmacher

Rationality, Allocation, and Reproduction By Vivian Walsh. New York: Oxford University Press, 1996. Pp. 304. $65.00 pp. 781-783

D. Wade Hands

The Failure of Antitrust and Regulation to Establish Competition in Long‐Distance Services1 By Paul W. MacAvoy. Cambridge, MA: The MIT Press, 1996. Pp. xviii, 314. $50.00 pp. 783-785

Timothy Tardiff

Ownership and Performance in Electric Utilities By Michael G. Pollitt. Oxford University Press for the Oxford Institute for Energy Studies, 1995. Pp. xvi, 240. $98.00 pp. 786-787

Joseph A. Doucet

Themes in Macroeconomic History: The UK Economy, 1919‐1939 By Solomos Solomou. New York: Cambridge University Press, 1996. Pp. ix, 195. $49.95 cloth pp. 787-789

Clair E. Morris

Money for Nothing: Politicians, Rent Extraction, and Political Extortion By Fred S. McChesney. Cambridge, MA: Harvard University Press, 1997. Pp. xi, 216. $35.00 pp. 789-791

Dwight R. Lee

Growing Artificial Societies: Social Science from the Bottom Up By Joshua M. Epstein and Robert Axtell. Washington, D.C.: Brookings Institution Press, 1996. Pp. xv, 208. $18.95 pp. 791-794

John Duffy

Buying the Best: Cost Escalation in Elite Higher Education By Charles T. Clotfelter. Princeton, NJ: Princeton University Press, 1996. Pp. xxi, 272. $29.95 pp. 794-797

Hirschel Kasper

Farm Policy and Trade Conflict: The Uruguay Round and CAP Reform By Alan Swinbank and Carolyn Tanner. Ann Arbor: University of Michigan Press, 1996. Pp. xii, 178. $39.50 pp. 798-799

Thomas Grennes

Volume 64, issue 2, 1997

Tribute: Vincent J. Tarascio pp. 379-379

John Siegfried

Editorial Statement pp. 381-383

Jonathan Hamilton

From Income Inequality to Economic Inequality pp. 384-401

Amartya K. Sen

Dumping on Free Trade: The U.S. Import Trade Laws pp. 402-424

Joseph Stiglitz

A Test of a Theory of Strategically Retaliatory Trade Barriers pp. 425-449

Kishore Gawande

Purchasing Power Parity in High‐Inflation Countries: A Cointegration Analysis of Integrated Variables with Trend Breaks pp. 450-467

Su Zhou

Optimal Taxation in a Federal System of Governments pp. 468-485

Russell Sobel

The Short‐Run Relationship Between Sectoral Shifts and U.S. Labor Market Fluctuations pp. 486-502

Paul R. Blackley

Public Policy and Youth Smokeless Tobacco Use pp. 503-516

Frank J. Chaloupka, John A. Tauras and Michael Grossman

Scissors or Horizon: Neoclassical Debates about Returns to Scale, Costs, and Long‐Run Supply, 1926‐1942 pp. 517-530

Nahid Aslanbeigui and Michele I. Naples

International Capital Competition and Environmental Standards pp. 531-541

Chi‐Chur Chao and Eden Yu

Expense Preference Behavior and Contract‐Management: Evidence from U.S. Hospitals pp. 542-554

Avi Dor, Sarah Duffy and Herbert Wong

Faux Predation in Markets with Imperfect Information on Product Quality pp. 555-566

Brad Kamp and Christopher R. Thomas

Estimating Permanent and Transitory Components of GNP Using Consumption Information pp. 567-575

S. Kirk Elwood

Level of Economic Development and Income Inequality: Evidence from the Postwar Developed World pp. 576-583

Rati Ram

The Effects of Import Quotas on National Welfare: Comment pp. 584-587

Omer Gokcekus and Edward Tower

The Effects of Import Quotas on National Welfare: Reply pp. 588-591

Theodore Palivos and Chong Yip

A Shock to the System. By Timothy Brennan, Karen Palmer, Raymond Kopp, Alan Krupnick, Vito Stagliano, and Dallas Burtraw. Washington, DC: Resources for the Future, 1996. Pp. xviii, 138. $18.95 pp. 592-594

Peter M. Schwarz

It Takes a Nation: A New Agenda for Fighting Poverty. By Rebecca M. Blank. Princeton, NJ: Princeton University Press, 1997. Pp. xvi, 340. $29.95 pp. 594-597

Robert Margo

Taxing Ourselves: A Citizen's Guide to the Great Debate Over Tax Reform. By Joel Slemrod and Jon Bakija. Cambridge, MA: MIT Press, 1996. Pp. 299. $25.00 pp. 597-598

John Burbidge

Curb Rights: A Foundation for Free Enterprise in Urban Transit. By Daniel B. Klein, Adrian T. Moore, and Binyam Reja. Washington, DC: Brookings Institution Press, 1997. Pp. 141. $36.95 pp. 598-601

Peter Gordon

Volume 64, issue 1, 1997

The Problem of Knowledge in Economics pp. 1-18

Vincent J. Tarascio

A New Keynesian Model of Policy Irrelevance pp. 19-33

Steven F. Sullivan

Demographic Change and Income Inequality in the United States, 1976‐1989 pp. 34-44

John A. Bishop, John P. Formby and W. James Smith

The Unobserved Relation Regressions Model with an Application to Used Truck Prices pp. 45-55

Andrew Yates

Full Employment: A Classical Assumption or Keynes's Rhetorical Device? pp. 56-74

James C. W. Ahiakpor

Decision Making under Uncertainty When the Stakes Are High: Evidence from a Lottery Game Show pp. 75-84

Philip L. Hersch and Gerald S. Mcdougall

Debt Structure as an Indicator of Central Bank Independence pp. 85-96

Victoria J. Miller

Money, Income and Dynamic Lag Patterns pp. 97-104

Jim Lee

Durable Goods Monopoly with Limited Choice of Commitment Strategy: When Should the Monopolist Precommit? pp. 104-117

Paul S. Calem

The Cyclical Behavior of Price Elasticity of Demand pp. 118-129

Martha K. Field and Emilio Pagoulatos

Aggregate Merger Activity: New Evidence on the Wave Hypothesis pp. 130-146

Scott Linn and Zhen Zhu

The Growth of Tigers, Elephants, and Other Metaphorical Creatures under Heterogeneous Capital pp. 147-166

James H. Gapinski

Welfare Benefits and Illegitimacy in the U.S.: Reconciling Contradictory Trends pp. 167-179

C. R. Winegarden and Paula Bracy

Imperfect Labor Mobility and Unemployment in LDCs pp. 180-190

Amar K. Parai and Hamid Beladi

Franchise Free Agency in Professional Sports Leagues pp. 191-219

John Vrooman

Direct Vertical Integration Strategies pp. 220-234

James L. Hamilton and Ibrahim M. Mqasqas

Conditional Exchange‐Rate Volatility and the Volume of Foreign Trade: Evidence from Seven Industrialized Countries pp. 235-254

Augustine C. Arize

Retroactive Benefits in Income Replacement Programs: Results from a Modified Natural Experiment pp. 255-267

William P. Curington, Amy Farmer and W. David Allen

Will Legislated Early Intervention Prevent the Next Banking Crisis? pp. 268-280

Joe Peek and Eric S. Rosengren

Government Debt, Human Capital, and Endogenous Growth pp. 281-292

Jie Zhang

Border‐Crossing Sales, Tax Avoidance, and State Tax Policies: An Application to Alcohol pp. 293-306

Thomas Beard, Paula A. Gant and Richard P. Saba

Market Structure in the Production of Economics Ph.D.'s pp. 307-320

Frank Scott and Jeffrey D. Anstine

Externalities in a Hotelling Model pp. 321-325

Yamini Gupt and Emiel C. H. Veendorp

Two Centuries of U.S. Productivity Growth pp. 326-329

John W. Kendrick

The Keynesian Fallout. By Narindar Singh. New Delhi/Thousand Oaks/London: Sage Publications, 1996. Pp. 258. $16.95 paper pp. 330-331

James C. W. Ahiakpor

The Limits of Public Choice: A Sociological Critique of the Economic Theory of Politics. By Lars Udehn. London and New York: Routledge, 1996. Pp. xi, 447. $25.00 pp. 331-332

John J. Bethune

Macroeconomics and the Japanese Economy. By Hiroshi Yoshikawa. Oxford: Clarendon Press/Oxford University Press, 1995. Pp. xix, 472. $74.00 pp. 332-333

Martin Bronfenbrenner

The State of Humanity. By Julian L. Simon. Cambridge, Mass.: Blackwell Publishers, 1995. Pp. viii, 694. $54.95 cloth, $22.95 paper pp. 333-335

Tom Cate

Hospital Cost Analysis. By James R. G. Butler. Boston: Kluwer Academic Publishers, 1995. Pp. xxii, 393. $79.00 pp. 335-336

Avi Dor

Advances in the Economics of Aging. Edited by David A. Wise. Chicago: University of Chicago Press, 1996. Pp. ix, 354. $65.00 pp. 336-337

Donald E. Frey

Foundations of International Macroeconomics. By Maurice Obstfeld and Kenneth Rogoff. Cambridge Mass.: MIT Press, 1996. Pp. xxiii, 804. $59.95 pp. 337-339

Richard T. Froyen

The Natural Rate of Unemployment: Reflections on 25 Years of the Hypothesis. Edited by Rod Cross. Cambridge: Cambridge University Press, 1995, Pp. xiv, 382. $27.95 pp. 339-340

Roger W. Garrison

Public Spending and the Poor. Edited by Dominique van de Walle and Kimberly Nead. Baltimore and London: The Johns Hopkins University Press, 1996. Pp. xviii, 619. $69.95 pp. 340-341

Paul Grimes

World Economic Primacy: 1500‐1990. By Charles P. Kindleberger. New York and Oxford: Oxford University Press, 1996. Pp. xiv, 269. $35.00 pp. 341-342

William Guthrie

Contaminated Land. By Peter Meyer, Richard Williams and Kristen R. Yount. Brookfield, Vermont and Aldershot, UK: Edward Elgar, 1995. Pp. x, 223. $69.95 pp. 342-343

Shawkat Hammoudeh

Lauderdale's Notes on Adam Smith's Wealth of Nations. Edited by Chuhei Sugiyama. London and New York: Routledge, 1996. Pp. 168. $65.00 pp. 343-344

Glenn Hueckel

Keeping Score: The Economics of Big‐Time Sports. By Richard G. Sheehan. South Bend, Indiana, 1996. Pp. xi, 339. $18.95 pp. 344-345

Bruce Johnson

Monetary Interpretations of the Great Depression. By Frank G. Steindl. Ann Arbor, Michigan: University of Michigan Press, 1996. Pp. xiv, 197. $42.50 pp. 345-347

Herbert M. Kaufman

Uncertainty in Economic Thought. Edited by Christian Schmidt. Cheltenham, UK and Brookfield, US: Edward Elgar, 1996. Pp. viii, 239. $79.95 pp. 347-348

Israel M. Kirzner

The Making of Economic Policy: A Transaction‐Cost Politics Perspective. By Avinash K. Dixit. Cambridge, Mass.: The MIT Press, 1996. Pp. xvii, 192. $22.50 pp. 348-349

Jim Leitzel

The Causes and Costs of Depository Institution Failures. Edited by Allin F. Cottrell,Michael S. Lawlor, and John H. Wood. The Netherlands: Kluwer Academic Publishers, 1995. Pp. vii, 250. $89.95 pp. 349-350

Christine Loucks

Adam Smith's System of Liberty, Wealth, and Virtue: The Moral and Political Foundations of the Wealth of Nations. By Athol Fitzgibbons. Oxford and New York: Oxford University Press, 1995. Pp. 214. $48.00 pp. 350-352

S. Todd Lowry

Accounting for Tastes. By Gary S. Becker. Cambridge, Mass. and London: Harvard University Press, 1996. Pp. viii, 268. $35.00 pp. 352-353

Larry T. McRae

The Tyranny of the Market: A Critique of Theoretical Foundations. By Douglas Vickers. Ann Arbor, Michigan: University of Michigan Press, 1996. Pp. ix, 261. $49.50 pp. 353-355

Leland G. Neuberg

Game Theory and the Social Contract. Vol. II: Just Playing. By Ken Binmore. Cambridge, Mass.: The MIT Press, 1997. Pp. 540. $39.95 pp. 355-358

Andreas Ortmann

The Florida Land Boom: Speculation, Money and the Banks. By William Frazer and John Guthrie, Jr. Westport, Connecticut: Quorum Books, 1995. Pp. x, 181. $29.95 pp. 358-358

Richard A. Phillips

Beyond Positivism and Relativism: Theory, Method, and Evidence. By Larry Laudan. Oxford and New York: Westview Press, 1996. Pp. ix, 277. $22.95 pp. 359-360

David L. Prychitko

Economic Policy and Stabilization in Latin America. By Nader Nazmi. New York: M. E. Sharpe, 1996. Pp. xiii, 207. $55.00 cloth, $24.95 paper pp. 360-362

Miguel Ramirez

Divergent Paths: How Culture and Institutions Have Shaped North American Growth. By Marc Egnal. New York: Oxford University Press, 1996. Pp. xvi, 300. $45.00 pp. 362-363

Warren Samuels

Economic Institutions, Markets and Competition: Centralization and Decentralization in the Transformation of Economic Systems. Edited by Bruno Dallago and Luigi Mittone. Cheltenham, UK and Brookfield, Vermont: Edward Elgar Publishing Co., 1996. Pp. xv, 400. $94.95 pp. 363-365

David Schap

Economic Effects of Fundamental Tax Reform. Edited by Henry Aaron and William Gale. Washington, D.C.: Brookings Institution Press, 1996. Pp. xvii, 521. $52.95 cloth, $24.95 paper pp. 365-366

Russell Sobel

Currency and Coercion: The Political Economy of International Monetary Power. By Jonathan Kirshner. Princeton: Princeton University Press, 1995. Pp. 289. $39.50 pp. 366-367

Scott Sumner

Biodiversity Loss: Economic and Ecological Issues. Edited by Charles Perrings, Karl‐Göran Mäler, Carl Folke, C. S. Holling, and Bengt‐Owe Jansson. Cambridge: Cambridge University Press, 1995. Pp. ix, 332. $54.95 pp. 368-369

Stephen K. Swallow

The World Economy and National Finance in Historical Perspective. By Charles P. Kindleberger. Ann Arbor, Michigan: The University of Michigan Press, 1996. Pp. vi, 257. $47.50 pp. 369-371

Kashi Nath Tiwari

Job Creation and Destruction. By Steven J. Davis, John C. Haltiwanger, and Scott Schuh. Cambridge, Massachusetts: The MIT Press. 1996. Pp. xxii, 280. $30.00 pp. 371-372

Charles J. Whalen

Funding the Modern American State, 1941‐1995: The Rise and Fall of the Era of Easy Finance. Edited by W. Elliot Brownlee. Cambridge, New York, and Melbourne: Woodrow Wilson Center Press and Cambridge University Press, 1996. Pp. xi, 467. $59.95 pp. 372-374

Duane Windsor

The Microstructure of Foreign Exchange Markets. Edited by Jeffrey A. Frankel, Giampaolo Galli, and Alberto Giovannini. Chicago and London: The University of Chicago Press, 1996. Pp. x, 356. $65.00 pp. 374-375

Kin‐Wah Richard Wong

Arab Industrialization in Israel: Ethnic Entrepreneurship in the Periphery. By Izhak Schnell, Michael Sofer, and Israel Drori. Westport, Conn.: Praeger Publishers, 1995. Pp. ix, 204. $55.00 pp. 375-376

J. W. Wright