Working Papers

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Israel TEL-AVIV UNIVERSITY, THE FOERDER INSTITUTE FOR ECONOMIC RESEARCH, RAMAT AVIV 69 978 TEL AVIV ISRAEL..
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1997: On the Time and Direction of Stochastic Bifurcation

K Burdzy, David Frankel and Ady Pauzner

1997: Fast Equilibrium Selection by Rational Players Living in a Changing World

K Burdzy, David Frankel and Ady Pauzner

1997: Firms under Tax Asymmetry: Price Uncertainty and Hedging

Rafi Eldor and Itzhak Zilcha

1997: Games with Procedurally Rational Players

Martin Osborne and Ariel Rubinstein

1997: Consumption Smoothing Through Fiscal Policy in OECD and EU Countries

A. Arreaza, Bent Sorensen and O. Yosha

1997: Chanelling Domestic Saving into Productive Investment Under Asymmetric Information: The Essential Role of Foreign Direct Investment

Assaf Razin, Efraim Sadka and C.W. Yuen

1997: Wage Rigidity in Israel: Institutions vs. Market Forces

Y. Artstein

1997: On the Agglomeration of Non-Residential Activities in an Urban Area

O. Hochman and D. Pines

1997: Quantitative Implications of the Home Bias: Foreign Underinvestment, Domestic Oversaving and Corrective Taxation

Assaf Razin, Efraim Sadka and C.W. Yuen

1997: Implications of the Home Bias: A Pecking Order of Capital Inflows and Corrective Taxation

Assaf Razin, Efraim Sadka and C.W. Yuen

1997: Capital Markets Integration, Growth and Income Distribution: A Dynamic Analysis

Jean-Marie Viaene and Itzhak Zilcha

1997: When Does It Take a Nixon to Go to China

Alex Cukierman and Mariano Tommasi

1997: Estimating the Effect of Tax Reform in Differentiated Product Oligopolistic Markets

Chaim Fershtman, Neil Gandal and S. Markovich

1997: Choice Problems with a "Reference" Point

A. Rubinstein and Lin Zhou

1997: An Equilibrium Model of Firm Growth and Industry Dynamics

Arthur Fishman and R. Rob

1997: Definable Preferences: An Example

A. Rubinstein

1997: Origins of Sharp Reductions in Current Account deficits: An Empirical Analysis

Gian Maria Milesi-Ferretti and Assaf Razin

1997: Youth Employment and Academic Perfomance in High School

Zvi Eckstein and K.I. Wolpin

1997: Stage Financing and the Role of Convertible Debt

F. Cornelli and O. Yosha

1997: A Quantitative Analysis of Swidish Fertility Dynamics: 1751-1990

Zvi Eckstein, Pedro Mira and K.I. Wolpin

1997: The Dynamics of Technological Adoption in Hardware/Software Systems: The Case of Compact Disc Players

Neil Gandal, M. Kende and R. Rob

1997: Globalization: Public Economics Policy Perspectives

Assaf Razin and Efraim Sadka

1997: Specialization and Trade: the Perspective of Club and Local Public Good Theories

D Pines

1997: Social Status and Economic Performance: A Survey

Yoram Weiss and Chaim Fershtman

1997: Conflict of Interest in Universal Banking: Evidence from the Post-Issue performance of IPO Firms

Y. Ber, Y. Yafeh and O. Yosha

1997: Debates and Decisions: On a Rationale of Argumentation Rules

Jacob Glazer and Ariel Rubinstein

1997: Federal Insurance of the U.S. States: An Empirical Investigation

Bent Sorensen and O. Yosha

1997: Left - and Right- Endogenous Money. A Table of Two Books

M.J. Fladers

1997: Should Products Liability Be Based on Hindsight?

O. Ben-Shahar

1997: Income Convergence Within an Economic Union: The Role of Factor Mobility and Coordination

Assaf Razin and C-W Yuen

1997: Current Account Deficits and Capital Flows in East Asia and Latin America: Are the Nineties Different from the Early Eighties?

G-M Milesi-Ferreti and Assaf Razin

1997: Informational Smallness in Rational Expectations Equilibria

A Heifetz and Enrico Minelli

1997: Education, Social Security and Growth

Michael Kaganovich and Itzhak Zilcha

1996: Slowdowns and Meltdowns: Post-War Growth Evidence from 74 Countries

Dan Ben-David and David Papell

1996: High Real Interest Rates in the Aftermath of Disinflation: Is It a Lack of Credibility

Graciela Kaminsky and L. Leiderman

1996: Uncertain Health and Survival: Efefcts on End-of-Life Consumption

Lee Lillard and Yoram Weiss

1996: Some Evidence on the Continuity of the Growth Process Among the G7 Countries

Dan Ben-David and D.H. Pappel

1996: Cost Sharing: Efficiency and Implementation

Todd Kaplan and David Wettstein

1996: Strategic Delegation: An Experiment

Chaim Fershtman and Uri Gneezy

1996: Structural Change and International Trade

Dan Ben-David and David Papell

1996: International Risk Sharing and European Monetary Unification

Bent Sorensen and O Yosha

1996: Technological Convergence and International Trade

Dan Ben-David and A. Rahman

1996: The Absent Minded Driver's Paradox: Synthesis and Responses

M. Piccione and Ariel Rubinstein

1996: Capital Mobility and the Output-Inflation Tradeoff

Prakash Loungani, A. Eazin and C.W. Yuen

1996: Targeting Monetary Aggregates and Inflation in Europe

Alex Cukierman

1996: The Economics of Central Banking

Alex Cukierman

1996: Tax Burden and Migration: A Political Economy Perspective

A. Eazim and Efraim Sadka

1996: Are large Cities Too Large? A Contribution to the Debate

Y. Hadar and D. Pines

1996: Unit Roots Postwar Slowdowns and Long-Run Growth: Evidence from Two Structural Breaks

Dan Ben-David, L.R. Lumsdaine and David Papell

1996: Free Trade and Long-Run Growth

Dan Ben-David and Michael Loewy

1996: Pre-Contractual Reliance

Lucian Bebchuk and O. Ben-Shahar

1996: Scientific Information and Products Liability: An Economic Analysis

O. Ben-Shahar

1996: Mangerial Compensation and Capital Structure

E. Berkovitch, R. Israel and Y. Spriegel

1996: Job Mobility and the Market for Lawyers

Robert Sauer

1996: The Post-Issue Performance of IPO Firms when Banking Is Concentrated and Universal

H. Ber, Y. Yafeh and O. Yosha

1996: Market Segmentation and the Sources of Rents From Innovation: Personal Computers in the Late 1980s

Timothy Bresnahan, S. Stern and Manuel Trajtenberg

1996: The (Retail) Price of Inequality

David Frankel

1996: Fiscal Policy and Saving Under Distortionary Taxation

Dahan, M.Hercowitz, Z.

1996: Undercut-Proof Equilibria

P.B. Morgan and Oz Shy

1996: Intergenerational Redistribution with Short-Lived Governements

Gene Grossman and Elhanan Helpman

1996: Income and ConsumptionSmoothing Among U.S. States: Regions or Clubs?

Bent Sorensen and O. Yosha

1996: Social Rewards Externalities and Stable Preferences

Chaim Fershtman and Yoram Weiss

1996: Searching for Nominal Anchors in Shock-Prone Economies in the 1990s: Inflation Targets and Exchange Rate Bands

L. Leiderman and G. Bufman

1996: R&D Spillovers and Global Growth

Tamim Bayoumi, David Coe and Elhanan Helpman

1996: Technological Progress, Mobility and Economic Growth

Oded Galor and Daniel Tsiddon

1996: Common Agency and Coordination: General Theory and Application to Tax Policy

A. Dexit, Gene Grossman and Elhanan Helpman

1996: Electoral Competition with Policy Compromise

Gene Grossman and Elhanan Helpman

1996: The value of Information: the Case of Signal-Dependent Opportunity Sets

E. Sulganik and Itzhak Zilcha