Working Papers

From The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State
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85: Voucher Privatization

Maxim Boycko, Andrei Shleifer and Robert W. Vishny

84: Contrarian Investment, Extrapolation, and Risk

Josef Lakonishok, Andrei Shleifer and Robert W. Vishny

83: The Market for Engineers

Jaewoo Ryoo and Sherwin Rosen

82: Why Has the Pricing of New Cars Changed?

B. Peter Pashigian and Brian Bowen

81: Inter-industry Mobility and the Cyclical Upgrading of Labor

Mark Bils and Kenneth J. McLaughlin

80: Litigation under the English and American Rules: Theory and Evidence

James W. Hughes and Edward Snyder

79: The Division of Labor, Coordination Costs, and Knowledge

Gary Becker and Kevin M. Murphy

78: The Political Economy of the Decline of American Public Education

Sam Peltzman

77: Rigid wages?

Kenneth J. McLaughlin

76: Damage Schedules and Their Potential in Mitigating Adverse Selection in the Products Liability System

Gregg Niehaus and Edward Snyder

75: Strategic Trade Policy and Welfare: The Empirical Consequences of Foreign Ownership

Andrew R. Dick

74: Japanese Antitrust Law and the Competitive Mix

Andrew R. Dick

73: Analytic Review of Educational Choice Literature and Annotated Bibliography

Peter Frumkin

72: The Market for Lawyers

Sherwin Rosen

71: Habits, Addictions, and Traditions

Gary Becker

70: The Rising Cost of Time of Females, the Growth of National Brands and the Supply of Retail Services

B. Peter Pashigian and Brian Bowen

69: Estimates of Supply Conditions for Eight Commodities

Lester G. Telser

68: Rational Addiction and the Effect of Price on Consumption

Gary Becker, Michael Grossman and Kevin M. Murphy

67: A Note on Restaurant Pricing and Other Examples of Social Influences on Price

Gary Becker

66: Quality and Trade

Kevin M. Murphy and Andrei Shleifer

65: The Allocation of Talent: Implications for Growth

Kevin M. Murphy, Andrei Shleifer and Robert W. Vishny

64: Congressional Control or Judicial Independence: The Determinants of U.S. Supreme Court Labor Relations Decisions, 1949-1988

Pablo Spiller and Rafael Gely

63: Fundamental Stocks of Knowledge and the Growth of Inputs

James D. Adams and Leo Sveikauskas

62: Interest-Group Politics under Majority Rule

William Dougan and James Snyder

61: An Empirical Analysis of Cigarette Addiction

Gary Becker, Michael Grossman and Kevin M. Murphy

60: Mandated Employment-Based Health Insurance: Incidence and Efficiency Effects

Patricia Danzon

59: The Effects of Malpractice Litigation on Physicians' Fees and Incomes

Patricia Danzon, Mark V. Pauly and Raynard S. Kington

58: A Simple Theory of Advertising as a Good

Gary Becker and Kevin M. Murphy

57: Can Price Uncertainty Explain Why and WhenProducts Are Sold on Sale?

B. Peter Pashigian

56: The Future of Higher Education: An Economic Perspective

George Stigler

55: Labor Market Adjustments to Increased Immigration

Robert LaLonde and Robert H. Topel

54: The Effects of Tax or Expenditure Limits on State Governments

William Dougan

53: How Efficient Is the Voting Market?

Sam Peltzman

52: Alternative Mechanisms for Corporate Control

Randall Morck, Andrei Shleifer and Robert W. Vishny

51: A Theory of Career Mobility

Oded Galor and Nachum Sicherman

50: John Stuart Mill

George Stigler

49: Demand Uncertainty and Sales: A Study of Fashion and Markdown Pricing

B. Peter Pashigian

48: Over-Education in the Labor Market

Nachum Sicherman

47: Luck versus Forecasting Ability: Determinants of Trader Performance in Futures Markets

Michael L. Hartzmark

46: Is Risk Aversion a Theoretical Diversion?

Michael L. Hartzmark

45: Immigration Policy, Source Countries and Immigrant Skills: Australia, Canada and the United States

Barry Chiswick

44: The Theory and the Facts of How Markets Clear: Is Industrial Organization Valuable for Understanding Macroeconomics?

Dennis Carlton

43: A Constant Recontracting Model of Sovereign Debt

Jeremy A. Bulow and Kenneth Rogoff

42: Why Have Some Farmers Opposed Futures Markets?

B. Peter Pashigian

41: A Theory of Rational Addiction

Gary Becker and Kevin M. Murphy

40: The Impact of Occupational Safety and Health Regulation, 1973-83

W Viscusi

39: Differences in Education and Earnings among Racial and Ethnic Groups: Testing Alternative Hypotheses

Barry Chiswick

38: The Health Effects of Mandatory Prescriptions

Sam Peltzman

37: Frank Hyneman Knight

George Stigler

36: An Economic Theory of Planned Obsolescence

Jeremy A. Bulow