UCLA Economics Working Papers

From UCLA Department of Economics
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650: The Needham Puzzle: Why the Industrial Revolution Did Not Originate in China

Justin Lin

649: An Arbitrage Approach to Competitive Equilibruim in an Exchange Economy

Louis Makowski and Joseph Ostroy

648: Selection, Mutation, and the Preservation of Diversity in Evolutionary Games

Jack Hirshleifer and Juan Martinez Coll

647: Analysis of U.S. Real GNP and Unemployment Interactions: State Space Approach

Masanao Aoki and Riccardo Fiorito

646: Indeterminacy and Increasing Returns

Jess Benhabib and Roger Farmer

645: Deficits and Interest Rates

Harold M. Somers

644: The Impact of Technological Change on the Distribution of Labor Income

Dagobert Brito and Michael Intriligator

643: Heterogeneity and Distribution in the Commons

Dagobert Brito, Michael Intriligator and Eytan Sheshinski

642: Why Growth Rates Differ: The Political Economy of Social Capability in 21 Developing Countries

Deepak Lal

641: Social Policy After Socialism

Deepak Lal

640: Industrialization Strategies and Long Term Resource Allocation

Deepak Lal

639: Disaster and Recovery

Jack Hirshleifer

638: High Inflations and Contemporary Monetary Theory

Axel Leijonhufvud

637: Stochastic Aggregation and Dynamic Field Effects

Masanao Aoki and Yoshio Miyahara

636: Reputation With Deterministic Stage Games

Marco Celentani

635: Financial Innovation in a General Equilibrium Model

Wolfgang Pesendorfer

634: Equilibrium Borrowing and Lending with Bankruptcy

In Ho Lee

631: Optimal Inventory Policies When The Demand Distribution Is Not Known#

C. Erik Larson Lars J. Olson** and Sunil Sharma***

630: Vico and de Finetti: An Economic Perspective

John J. McCall

629: The Margin of Appropriation and an Extension of the First Theorem of Welfare Economists

Louis Makowski and Joseph Ostroy

628: Two Complementary Representations of Multiple Time Series in State Space Innovation Forms

Masanao Aoki

627: Cost-Benefit Analysis for Non-Market Resources: A Utility-Theoretic Empirical Model Incorporating Demand Uncertainty

Trudy Cameron and Jeffrey Englin

626: Pre-Keynesian Monetary Theories of the Great Depression: What Ever Happened to Hawtrey and Cassel

Ronald W. Batchelder and David Glasner

625: Leverage: The Tax Incentives

Harold M. Somers

624: Intergenerational Transfers and the Accumulation of Wealth

William Gale and John Scholz

623: The Wooden Horse that Wouldn't Rock: Reconsidering Frisch

Stefano Zambelli

622: Rold and Influence of Intergovernmental Grants on Local Finance

Werner Z. Hirsch

621: Local Governments Putting a Contract Out on Costs

Werner Z. Hirsch

620: The Determinants of Corporate Ownership and Control in South Africa

Jos Gerson and Graham Barr

619: Does Import Protection Act as Export Promotion?: Evidence from the United States

Andrew R. Dick

618: Employment Duration and Industrial Labor Mobility in the United States, 1880-1980

Sanford M. Jacoby and Sunil Sharma

617: The Aggregate Effects of Monetary Externalities

Jess Benhabib and Roger Farmer

616: The Iranian Economy Under the Islamic Republic: Institutional Change and Macroeconomic Performance (1979-90)

Adnan Mazarei

615: Bust-Up Takeover Bids and Asymmetric Information

David A. Butz

614: Free Cash Flow Theory Without the Free Cash Emphasis

David A. Butz

613: What Do Large Shareholders Do?

David A. Butz

612: Estimating Limited-Dependent Rational Expectations Models: With an Application to Exchange Rate Determination in a Target Zone

Mohammad Pesaran and Hossein Samiei

611: Debt, Deflation, the Great Depression

Ronald W. Batchelder and David Glasner

610: Money and Specialization in Production

Eduardo Siandra

609: Macroeconomic Perspectives

Jean-Paul Fitoussi and K. Velupillai

608: Efficiency of an Information System in an Agency Model

Son Ku Kim

607: Vickrey-Clarke-Groves Mechanisms in Continuum Economies: Characterization and Existence

Louis Makowski and Joseph Ostroy

606: The Existence of Perfectly Competitive Equilibrium a la Wicksteed

Louis Makowski and Joseph Ostroy

605: The Nonatomic Assignment Model

Neil E. Gretsky, Joseph Ostroy and William Zame

604: Hybrid Rice Innovation in China: A Study of Market Demand Induced Technological Innovation in a Centrally-Planned Economy

Justin Lin

603: Education and Innovation Adoption in Agriculture: Evidence from Hybrid Rice in China

Justin Lin

602: An Efficiency Explanation For Why Firms Second Source

Andrew R. Dick

601: Are Export Cartels Efficiency-Enhancing or Monopoly-Promoting?

Andrew R. Dick

600: Are Government or Private Enterprises More Likely to Engage in Predation?: Some International Evidence From Dumping Cases

Andrew R. Dick and John R. Lott

599: A Signalling Explanation for Seniority Based Promotions and Other Labor Market Puzzles

Michael Waldman