# Working papers

From Massachusetts Institute of Technology (MIT), Department of Economics

MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT), DEPARTMENT OF ECONOMICS, 50 MEMORIAL DRIVE CAMBRIDGE MASSACHUSETTS 02142 USA.

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- 1975: Lessons For the Present from the Great Depression
*Peter Temin*
- 1975: Quantity Constraints, Spillovers and the Hahn Process
*F. M. Fisher*
- 1975: Continuously Dated Commodities, Individual Price Adjustment, and Non-Tatonnement With Production and Consumption
*F. M. Fisher*
- 1975: Exchange Rate Dynamics
*Rüdiger Dornbusch*
- 1975: Long-Term Contracts, Rational Expectations and the Optimal Money Supply Rule
*S. Fischer*
- 1975: The Theory of Flexible Exchange Rate Regimes and Macroeconomic Policy
*Rüdiger Dornbusch*
- 1975: Optimal Trade Policy and Compensation Under Endogenous Uncertainty: The Phenomenom of Market Disruption
*J. N. Bhagwati* and *T. Srinivasan*
- 1975: Two Problems in the Theory of Fairness
*Hal Varian*
- 1975: Estimation of the Price Elasticity of Demand Facing Metropolitan Producers
*Robert Engle*
- 1975: Domestic Distortions, Imperfect Information and the Brain Drain
*K. Hamada* and *J. N. Bhagwati*
- 1975: Simultaneous Estimation of the Supply and Demand for Household Location in a Multizoned Metropolitan Area
*Katharine Bradbury* and *R. Engle et al.*
- 1975: Education in a 'Job Ladder' Model and the Fairness-in-Hiring Rule
*J. N. Bhagwati* and *T. Srinivasan*
- 1975: Welfare-Theoretical Analysis of the Brain Drain
*J. N. Bhagwati* and *Carlos Rodríguez*
- 1975: Devaluation in a Small Economy With Flexible and Rigid, Real and Nominal, Prices
*J. N. Bhagwati*
- 1975: The Effect of a Proportional Subsidy or a Tax on the Quality and Quantity of Output
*E. D. Domar*
- 1975: Commercial Expansion and the Industrial Revolution
*C. P. Kindleberger*
- 1975: The Future of the U. S. Nuclear Energy Industry
*Paul Joskow* and *M. L. Baughman*
- 1975: The Stability of General Equilibrium: Results and Problems
*F. M. Fisher*
- 1975: On the Assignment of Liability: The Uniform Case
*Peter Diamond* and *James Mirrlees*
- 1975: Private Constant Returns and Public Shadow Prices
*Peter Diamond* and *James Mirrlees*
- 1975: Selected Readings in Urban Policy Analysis, Urban Housing Markets and Housing Policy
*J. Rothenberg*
- 1975: An Approach to the Modelling of Urban Housing Markets
*J. Rothenberg*
- 1975: On Non-Walrasian Equilibria
*Hal Varian*
- 1975: The Optimal Development of Resource Pools
*Martin Weitzman*
- 1975: A Many-Person Ramsey Tax Rule
*Peter Diamond*
- 1975: Errors in Variables in Simultaneous Equation Models
*Jerry Hausman*
- 1974: Testing Price Equations for Stability Across Frequencies
*Robert Engle*
- 1974: Electric Utility Fuel Choice Behavior in the United States
*Paul Joskow* and *Frederic Mishkin*
- 1974: The Structure and Performance of Mexican Banks and Financieras
*R. S. Eckaus*
- 1974: The New Soviet Incentive Model
*Martin Weitzman*
- 1974: Is the Price System or Rationing More Effective in Getting a Commodity to Those Who Need It Most?
*Martin Weitzman*
- 1974: The Use of Libraries by Economists
*C. P. Kindleberger*
- 1974: Stability and Exchange Rate Systems in a Model of Balance of Payments
*S. Fischer*
- 1974: Income and Urban Residence: An Analysis of Consumer Demand
*W. C. Wheaton*
- 1974: Aggregate Production Functions: Some CES xperiments
*F. M. Fisher*, *Robert Solow* and *J. R. Kearl*
- 1974: A Bid Rent Approach to Housing Demand
*W. C. Wheaton*
- 1974: Capitalist Masters, Bourgeois Slaves
*Paul David* and *P. Temin*
- 1974: The Rise of Free Trade in Western Europe, 1820-1875
*C. P. Kindleberger*
- 1974: The Demand for Index Bonds
*S. Fischer*
- 1974: The Probability of Dependence on Public Assistance
*Robert Hall*
- 1974: Notes on the Specification of an Aggregative Model of Metropolitan Housing Markets
*George Galster* and *J. Rothenberg*
- 1974: Inflation and Environmental Concern: Structural Change in the Process of Public Utility Price Regulation
*Paul Joskow*
- 1974: An Instrumental Variable Approach to Full-Information Estimators for Linear and Non-Linear Econometric Models
*Jerry Hausman*
- 1974: Causal Factors in American Growth in the Nineteenth Century
*P. Temin*
- 1974: On the Welfare Significance of National Product in Dynamic Economy
*Martin Weitzman*
- 1974: Poor Old Capitalism
*E. D. Domar*
- 1974: A Model of the Distribution of Wealth
*Anthony Atkinson*
- 1973: Some Finite Sample Properties of Spectral Estimators of a Linear Regression
*Robert Engle* and *Roy Gardner*
- 1973: A Disequilibrium Model of Regional Investment
*Robert Engle*
- 1973: Issues in the Specification of an Econometric Model of Metropolitan Growth
*Robert Engle*
- 1973: De Facto Discrimination in Residential Assessments: Boston
*Robert Engle*
- 1973: A Marxian Type Model of Enclosure
*J. S. Cohen* and *Martin Weitzman*
- 1973: On the Statistical Theory of Unobserved Components
*Robert Hall*
- 1973: Recent Studies of the Incidence of the Corporate Income Tax
*E. C. Brown*
- 1973: Equity, Envy and Efficiency
*Hal Varian*
- 1973: The Formation of Financial Centers: A Study in a Comparative Economic Theory
*C. P. Kindleberger*
- 1973: Single Activity Accidents
*Peter Diamond*
- 1973: Differential Incidence in a Static General Equilibrium Framework
*A. Friedlander* and *A. Vandendorpe*
- 1973: The Role of Immigration in Industrial Growth: A Case Study of the Origins and Character of Puerto Rican Migration to Boston
*M. J. Piore*
- 1973: Cartels, Competition and Regulation in the Property and Liability Insurance Industry
*P. L. Joslow*
- 1973: On the Technological Foundations of Economic Dualism
*M. J. Piore*
- 1973: Alternative Policy Rankings in a Large, Open Economy with Sector-Specific, Minimum Wages
*J. Bhagwati* and *T. Srinivasan*
- 1973: Asset Management with Trading Uncertainty
*Duncan Foley* and *Martin Hellwig*
- 1973: Did Monetary Forces Cause the Depression?
*P. Temin*
- 1973: Prices vs. Quantities
*Martin Weitzman*
- 1973: Origins of United States Direct Investment in France
*C. P. Kindleberger*
- 1973: Scientific Education and the French Entrepreneur
*C. P. Kindleberger*
- 1973: On Reanalyzing the Harris-Todaro Model: Policy Rankings in the case of Sector-Specific Sticky Wages
*J. Bhagwati* and *T. Srinivasan*
- 1973: Intergenerational Equity and Exhaustable Resources
*Robert Solow*
- 1973: The Brain Drain, International Integration of K. Markets for Professionals and Unemployment: A Theoretical Analysis
*J. Bhagwati* and *Hamada*
- 1973: On the Theory of Non-Economic Objectives in Open Economics
*A. Vandendorpe*
- 1973: The Ranking of Policy Interventions Under Factor Market Imperfections: The Case of Sector-Specific Sticky Wages and Unemployment
*J. Bhagwati* and *T. Srinivasan*
- 1973: Inflation and the Comprehensive Tax Base
*Peter Diamond*
- 1973: Increase and in Risk Aversion
*Peter Diamond* and *Joseph Stiglitz*