Working Papers

From Ohio State University, Department of Economics
410 Arps Hall 1945 North High Street Columbus, Ohio 43210-1172.
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03-01: Why Parents Play Favorites: Explanations for Unequal Bequests

Audrey Light and Kathleen McGarry

029: A Cognitive Model of Individual Well-Being

David Schmeidler and Itzhak Gilboa

025: Cumulative Utility Consumer Theory

David Schmeidler and Itzhak Gilboa

023: Reaction to Price Changes and Aspiration Level Adjustments

David Schmeidler and Itzhak Gilboa

022: Competition in Transactions Mechanisms: The Emergence of Price Competition

James Peck

020: Antitrust Policy and the Republican Congress: Vertical Integration and Vertical Restraints

Howard P. Marvel

02-04: Signal Extraction Can Generate Volatility Clusters From IID Shocks

J. Huston McCulloch and Prasad Bidarkota

02-03: Consumer Search Behavior in the Changing Credit Card Market

Lucia Dunn and Sougata Kerr

02-02: Bounded Rationality and Individual Heterogeneity: A Study with Genetic Algorithm

Marco Casari

02-01: The Distortionary Effects of Inflation: An Empirical Investigation

Masao Ogaki and Vikas Kakkar

019: Demand Uncertainty, Inventories, and Resale Price Maintainance

Howard P. Marvel, Raymond Deneckere and James Peck

018: Demand Uncertainty and Price Maintainance: Markdowns as Destructive Competition

Howard P. Marvel, Raymond Deneckere and James Peck

017: Asset Pricing under Distorted Beliefs: Are Equity Returns Too Good to Be True?

Nelson Mark, Stephen Cecchetti and P-s. Lam

013: Equitable Allocations of Divisible Goods and Market Allocation of Indivisible Goods

Tatsuro Ichiishi and Adam Idzik

012: Cooperative Interim Contract and Re-Contract: Chandler's M-Form Firm

Tatsuro Ichiishi and Murat Sertel

011: A Profit-Center Game With Incomplete Information

Tatsuro Ichiishi and Roy Radner

010: The Impact of School Quality on Real House Prices: Interjurisdictional Effects

Donald Haurin and David Brasington

01-14: Covariate Unit Root Test with a Structural Change

Sukha Shin

01-13: The Gauss-Markov Theorem and Spurious Regressions

Masao Ogaki and Chi-Young Choi

01-12: Optimal Monetary Policy When Interest Rates are Bound at Zero

Ryo Kato and Shin-Ichi Nishiyama

01-11: Resale Price Maintenance in an Oligopoly with Uncertain Demand

Hao Wang

01-10: Stock Options and Employees' Firm-Specific Human Capital under the Threat of Divesture and Aquisition

Hiroshi Osano

01-09: Retrading in Market Games

Massimo Morelli and Sayantan Ghosal

01-08: On the Evolution of Comparative Advantage in a Matching Model

Eric Fisher and Vikas Kakkar

01-07: Purchasing Power Parity and Interest Parity in the Laboratory

Eric Fisher

01-06: Economic Geography, Trade, and War

David H. Bearce and Eric Fisher

01-05: The Forward Premium in a Model with Heterogeneous Prior Beliefs

Eric Fisher

01-04: Impulse Response Analysis with Long Run Restrictions on Error Correction Models

Kyungho Jang

01-03: The Stable Demand Set General Characterization and Application to Majority Games

Massimo Morelli and Maria Montero

01-02: The Effects of Monetary Policy Shocks on Exchange Rates: A Structural Vector Error Correction Model Approach

Kyungho Jang and Masao Ogaki

01-01: Structural Error Correction Models: Instrumental Variables Methods and Application to an Exchange Rate Model

Jaebeom Kim, Masao Ogaki and Min-Seok Yang

009: HOW DO TRAINING AND EARLY LABOR MARKET EXPERIENCE AFFECT THE ECONOMIC WELL-BEING OF YOUTHS?

Ross Miller and Masanori Hashimoto

008: The Role of Housing Privatization and Labor-Market Reform in China's Dual Economy

Belton Fleisher, Keyong Dong and Yunhua Liu

005: Risk, Return and Regulation in Chinese Stock Markets

Belton Fleisher and Dongwei Su

004: Pollution and Economic Growth

Eric Fisher and Charles Marrewijk

001: Why Firms Smooth Seasonals in a Boom

Stephen Cecchetti, Anil Kashyap and David Wilcox

00-14: Provision Point Mechanisms and Over Provision of Public Goods

Massimo Morelli and Lise Vesterlund

00-13: Policy Stability under Different Electoral Systems

Massimo Morelli and Michele Tertilt

00-12: Long Forward and Zero-Coupon Rates Indeed Can Never Fall, but Are Indeterminate: A Comment on Dybvig, Ingersoll and Ross

J. Huston McCulloch

00-11: State-Space Times Series Modeling of Structural Breaks

J. Huston McCulloch

00-10: Exporting versus Direct Investment under Local Sourcing

Amy Glass and Kamal Saggi

00-09: Vertical Control, Retail Inventories & Product Variety

Howard Marvel and James Peck

00-08: Between LIberalism and Democracy

David Schmeidler

00-07: Cognitive Foundations of Inductive Inference and Probability: An Axiomatic Approach

David Schmeidler

00-06: Utility in Case-Based Decision Theory

David Schmeidler

00-05: Tests for Instrument Relevance: A Monte Carlo Investigation and a New Bootstrap Approach

Alfonso Flores-Lagunes

00-04: Coordinating FDI Policies among Host Countries

Amy Glass and Kamal Saggi

00-03: Wages, Human Capital, and Work Incentives in a Transition Economy: The Case of Mainland China

Belton Fleisher and Xiaojun Wang

00-02: Risk Sharing in Village India: the Rule of Decreasing Relative Risk Aversion

Masao Ogaki and Qiang Zhang

00-01: A Dynamic Model of NATO Behavior and its Empirical Testing

Jingang Zhao and Jon Pevehouse