evolving democratic capitalism
fiscal responsibility
american individualism
societal values
economic prosperity

Working Papers

These working papers were circulated by Hoover scholars from 1988–2001. The series is no longer active.

These working papers are provided for research purposes only. The copyright in each working paper is owned by the writer. Republication of a working paper, in whole or in part, requires permission of the copyright owner(s).

Paper Number Author(s) Title
Working Papers in Economics
E-88-18 Edward P. Lazear and Sherwin Rosen Male/Female Wage Differentials in Job Ladders
E-88-19 Gertrud M. Fremling and John R. Lott, Jr. Why Short-Lagged Relationships are More Easily Identified
E-88-20 Thomas W. Ross On the Relative Efficiency of Cash Transfers and Subsidies
E-88-21 Charles E. McLure, Jr. U.S. Tax Laws and Capital Flight from Latin America
E-88-22 Russell Roberts Subsidies to Private Spending on Public Goods
E-88-23 John Kennan Equilibrium Interpretations of Employment and Real Wage Fluctuations
E-88-24 Christopher J. Maule and Thomas W. Ross Canada's New Competition Policy
E-88-25 Satyajit Chatterjee and Russell Cooper Multiplicity of Equilibria and Fluctuations in an Imperfectly Competitive Economy with Entry and Exit
E-88-26 John Kennan Simultaneous Equations Bias in Disaggregated Econometric Models
E-88-27 Anne Wortham Schumpeter and His Critics on the Future of Capitalism
E-88-28 James H. Stock and David A. Wise Pensions, the Option Value of Work, and Retirement
E-88-29 James H. Stock and David A. Wise The Pension Inducement to Retire: An Option Value Analysis
E-88-30 Jonathan Eaton The Firm and Worker Loyalty
E-88-31 Jonathan Eaton and Maxim Engers Intertemporal Price Competition
E-88-32 Valerie Y. Suslow and Timothy F. Bresnahan Short-Run Supply with Capacity Constraints
E-88-33 John F. Cogan The Evolution of Congressional Budget Decision-making and the Emergence of Federal Deficits
E-88-34 Edward P. Lazear Adjusting to an Aging Labor Force
E-88-35 David Altig and Steve J. Davis Government Debt, Redistributive Fiscal policies, and the Interaction between Borrowing Constraints and Intergenerational Altruism
E-88-36 Joel W. Hay Econometric Issues in Modeling the Costs of AIDS
E-88-37 John J. McCall An Introduction to Exchangeability and Its Economic Application
E-88-38 John J. McCall Exchangeability and the Structure of the Economy: A preliminary Process Analysis
E-88-39 Kyle Bagwell and Robert W. Staiger A Theory of Managed Trade
E-88-40 Thomas W. Gilligan and Keith Krehbiel Collective Choice without Procedural Commitment
E-88-41 Mikhail S. Bernstam Malthus and the Evolution of the Welfare State: An Essay on the Second Invisible Hand
E-88-42 Mikhail S. Bernstam Malthus and the Evolution of the Welfare State: An Essay on the Second Invisible Hand
E-88-43 Keith Krehbiel and Douglas Rivers Sophisticated voting in Congress: A Reconsideration
E-88-44 Keith Krehbiel Are Congressional Committees Composed of Preference Outliers?
E-88-45 Joseph Farrell and Carl Shapiro Optimal Contracts with Lock-In
E-88-46 Thomas W. Ross Raising an Army: A Positive Theory of Military Recruitment
E-88-47 John Kennan and Robert Wilson Strategic Bargaining Models and Interpretation of Strike Data
E-88-48 Milton Friedman The "Plucking Model" of Business Fluctuations Revisited
E-88-49 Patrick Bolton and Joseph Farrell Decentralization, Duplication and Delay
E-89-1 Alan M. Garber and Thomas MaCurdy Nursing Home Utilization Among the High-Risk Elderly
E-89-2 Suzanne Scotchmer and Jerry Green Novelty and Disclosure in Patent Law
E-89-3 Joseph Farrell and Carl Shapiro Horizontal Mergers: An Equilibrium Analysis
E-89-4 Harry Flam and Robert W. Staiger Adverse Selection in Credit Markets and Infant Industry Protection
E-89-5 Eugene Kandel and Edward P. Lazear Peer Pressure and Partnerships
E-89-6 Bernard Dumas and Bertrand Jacquillat Performance of Currency Portfolios Chosen by a Bayesian Technique: 1967–1985
E-89-7 Joseph Farrell and Robert Gibbons Cheap Talk with Two Audiences
E-89-8 Kenneth L. Judd and Michael H. Riordan Price and Quality in a New Product Monopoly
E-89-9 Edward P. Lazear Pensions and Deferred Benefits as Strategic Compensation
E-89-10 Thomas MaCurdy Measures of Welfare Dependency: An Evaluation
E-89-11 Thomas MaCurdy A Synthesis of the Behavioral Aspects of Welfare Dependency and an Assessment of the Findings
E-89-12 Milton Friedman The Crime of 1873
E-89-13 Joseph Farrell and Carl Shapiro Asset Ownership and Market Structure in Oligopoly
E-89-14 Robert Hessen Do Business and Economic Historians Understand Corporations?
E-89-15 Edward P. Lazear Economic Approaches to the Psychology of Organizations
E-89-16 David Altig and Steve J. Davis Altruism, Borrowing Constraints, and Social Security
E-89-17 Joel W. Hay Projecting the Medical Cost of HIV/AIDS: An Update with Focus on Political Epidemiology
E-89-18 Maria Eugenia Muniagurria A Dynamic Model of International Transfers of Technology
E-89-19 Maria Eugenia Muniagurria A Model of Growth with Technology Adoption
E-89-20 Robert W. Staiger and Frank A. Wolak Strategic Use of Antidumping Law to Enforce Tacit International Collusion
E-89-21 Bernard Dumas and Bertrand Jacquillat The Money and Bond Markets in France: Segmentation vs. Integration
E-89-22 Jerry Green and Suzanne Scotchmer Technological Licensing and the Novelty Requirement in Patent Law
E-89-23 Suzanne Scotchmer and Myrna Holtz Wooders Monotonicity in Games that Exhaust Gains to Scale
E-89-24 Milton Friedman Bimetallism Revisited
E-89-25 Joseph Farrell Standardization and Intellectual Property
E-89-26 Dennis Epple and Thomas Romer Mobility and Redistribution
E-89-27 Neil Gandal and Suzanne Scotchmer Coordinating Research Through Research Joint Ventures
E-89-28 Ramon Marimon, Ellen McGrattan and Thomas J. Sargent Money as a Medium of Exchange in an Economy with Artificially Intelligent Agents
E-89-29 Laurence R. Iannaccone Sacrifice and stigma Reducing Free-Riding in Cults, Communes, and other Collectives
E-89-30 Kit-Chun Lam, Pak-Wai Liu, and Richard Yur-Chim Wong Wage Structure with Moral Hazard in Job Search
E-89-31 Dilip Abreu and David Pearce A Perspective on Renegotiation in Repeated Games
E-89-32 David Altig and Steve J. Davis The Timing of Intergenerational Transfers, Tax policy, and Aggregate Savings
E-89-33 Steve J. Davis and John Haltiwanger Gross Job Creation, Gross Job Destruction and Employment Reallocation
E-90-1 Kyle Bagwell and Robert W. Staiger The Sensitivity of Strategic and Corrective R&D Policy in Oligopolistic Industries
E-90-2 Kyle Bagwell and Robert W. Staiger The Sensitivity of Strategic and Corrective R&D Policy in Battles for Monopoly
E-90-3 Michael L. Wachter and Randall D. Wright The Economics of Internal Labor Markets
E-90-4 Eric Smith and Randall Wright Why is Automobile Insurance in Philadelphia So Damn Expensive?
E-90-5 Joel W. Hay and Frank A. Wolak Bootstrapping HIV/AIDS Projection Models: Back Calculation with Linear Inequality-Constrained Regression
E-90-6 Thomas W. Gilligan Imperfect Competition and Basing-Point Pricing: An Application to the Softwood Plywood Industry
E-90-7 Juergen Schroeder and Gerhard Ruebel The Economic Effects of Expected Monetary and Fiscal Policy in Small Open Economies—An Intertemporal Approach
E-90-8 Robert W. Staiger and Frank A. Wolak The Effect of Domestic Antidumping Law in the Presence of Foreign Monopoly
E-90-9 Jonathan S. Feinstein and Frank A. Wolak The Econometric Implications of Incentive-Compatible Regulation
E-90-10 Milton Friedman and Anna J. Schwartz Alternative Approaches to Analyzing Economic Data
E-90-11 Thomas MaCurdy, David Green and Harry Paarsch Assessing Empirical Approaches for Analyzing Taxes and Labor Supply
E-90-12 Mikhail S. Bernstam The Wealth of Nations and the Environment
E-90-13 Dilip Abreu and Arunava Sen Virtual Implementation in Nash Equilibium
E-90-14 Dilip Abreu, Paul Milgrom and David Pearce Information and Timing in Repeated Partnerships
E-90-15 Robert W. Staiger and Frank A. Wolak Collusive Pricing with Capacity Constraints in the Presence of Demand Uncertainty
E-90-16 Mark Bils Selling versus Producing in Market Fluctuations
E-90-17 Mark Bils Wage and Employment Patterns in Long-Term Contracts when Labor is Quasi-Fixed
E-90-18 Mark Bils Indexation and Contract Length in Unionized U.S. Manufacturing
E-90-19 John F. Cogan and Timothy J. Muris Domestic Discretionary Spending in the 1980's
E-90-20 Marvin B. Lieberman Exit from Declining Industries: "Shakeout" or "Stakeout"?
E-90-21 Marvin B. Lieberman Determinates of Vertical Integration: An Empirical Test
E-90-22 Thomas Romer and Barry R. Weingast Political Foundations of the Thrift Debacle
E-90-23 Avner Greig, Paul Milgrom and Barry Weingast The Merchant Gild as a Nexus of Contracts
E-90-24 Edward P. Lazear The Job as a Concept
E-90-25 R. Mark Gritz and Thomas MaCurdy Unemployment Compensation and Episodes of Nonemployment
E-91-1 Dilip Abreu and Hitoshi Matsushima Virtual Implementation in Iteratively Undominated Strategies: Complete Information
E-91-2 Dilip Abreu and Hitoshi Matsushima Virtual Implementation in Iteratively Undominated Strategies: Complete Information
E-91-3 Milton Friedman The Island of Stone Money
E-91-4 Rudolf Richter A Socialist Market Economy—Can It Work?
E-91-5 Edward P. Lazear List Policies and Bait-and-Switch Strategies
E-91-6 Rita Ricardo-Campbell Business, Health Care Costs and Competition
E-91-7 James A. Kahn Why is Production More Volatile than Sales? Theory and Evidence on the Stockout-Avoidance Motive for Inventory Holding
E-91-8 James A. Kahn Debt, Asymmetric Information, and Bankruptcy
E-91-9 John R. Oneal The Monetary Value of Conscription
E-91-10 Bertrand Jacquillat and Sylvie de Laguiche A Quasi Process Free Valuation Model of Floating Rate Instruments
E-91-11 Kyle Bagwell Pricing to Signal Product Line Quality
E-91-12 Kyle Bagwell Competitive Limit Pricing under Imperfect Information
E-91-13 Edward P. Lazear Prices and Wages in Transition Economies
E-91-14 Akihiko Matsui and Kiminori Matsuyama An Approach to Equilibrium Selection
E-91-15 Laurie Simon Bagwell and B. Douglas Bernheim Conspicuous Consumption, Pure Profits, and the Luxury Tax: Some Surprising Consequences of Perfect Competition
E-92-1 Kyle Bagwell and Garey Ramey Coordination Economies, Advertising and Search Behavior in Retail Markets
E-92-2 Charles Kolstad and Jim Leitzel Efficiency and the Non-Enforcement of Penalties
E-92-3 Kiminori Matsuyama Agricultural Productivity, Comparative Advantage, and Economic Growth
E-92-4 Kiminori Matsuyama Imperfect Competition, Foreign Trade, and the Multipliers: Machlup-Metzler Fifty Years Later
E-92-5 Annelise Anderson The Case for Monetary Competition in the Transition from Plan to Market
E-92-6 Kiminori Matsuyama, Nobuhiro Kiyotaki, and Akihiko Matsui Toward a Theory of International Currency
E-92-7 Kenneth L. Judd Projection Methods for Solving Aggregate Growth Models
E-92-8 Michael Kuehlwein Planned and Unplanned Transfers Among the Affluent
E-92-9 Edward P. Lazear Compensation, Productivity and the New Economics of Personnel
E-92-10 John Rust Do People Behave According to Bellman's Principle of Optimality?
E-92-11 Kiminori Matsuyama Custom Versus Fashion: Path-Dependence and Limit cycles in a Random Matching Game
E-92-12 Alessandra Casella and Jonathan S. Feinstein Public Goods in Trade: On the Formation of Markets and Political Jurisdictions
E-92-13 Kiminori Matsuyama The Market Size, Entrepreneurship, and the Big Push
E-92-14 Antonio Ciccone and Kiminori Matsuyama Start-up Costs and Pecuniary Externalities as barriers to Economic Development
E-92-15 Ju-ichi Yamanaka Institutional Behavior of Japanese Commercial Banks—An Empirical Perspective
E-92-16 Michael Kuehlwein Disaggregate Evidence on the Substitutability Between Public and Private Spending
E-92-17 Edward P. Lazear Some Thoughts on Savings
E-92-18 Kiminori Matsuyama Making Monopolistic Competition More Useful
E-92-19 Bertrand Jacquillat The Dual Method of Corporate Profits Distribution in France: An Empirical and Clinical Study 1983-1991
E-92-20 John R. Walker The Effect of Public Policies on Recent Swedish Fertility Behavior
E-92-21 Peter C. Cramton and Joseph S. Tracy The Determinates of U.S. Labor Disputes
E-92-22 Alan F. Kremen Health Care Reform: Defining Rights, Setting Limits, and Paying Off the Bill
E-93-1 Bronwyn H. Hall R&D Tax Policy During the Eighties: Success or Failure?
E-93-2 Gillian K. Hadfield Overinvesting in Relationship-Specific Information under Short-Term Contracting
E-93-3 Ilya M. Fishman and Michael S. Berstam Nucleation of the Private Competitive Sector and Dissipation of the State Sector During Transition from a Socialist to a Market Economy
E-93-4 Edward P. Lazear Incentives in a Research Environment
E-93-5 Ju-ichi Yamanaka Transition in the Institutional Behavior of U.S. Commercial Banks—A Comparative Perspective
E-93-6 Antonio Ciccone and Robert E. Hall Productivity and the Density of Economic Activity
E-93-7 Debra J. Aron Innovation, Imitation, Technology Differentiation, and the Value of Information in New Markets
E-93-8 Donald J. Brown, Peter M. DeMarzo and B. Curtis Eaves Computing Equilibria on the GEI Model
E-93-9 Rita Ricardo-Campbell, James A. Albright and Eugene E. Bleck Medical Care in the United States: An Analysis of the Current System and a Proposal
E-93-10 Bronwyn H. Hall Industrial Research During the 1980s: Did the Rate of Return Fall?
E-94-1 Edward P. Lazear Bait-and Switch
E-94-2 Orazio P. Attanasio and Guglielmo Weber Is Consumption Growth Consistent with Intertemporal Optimization? Evidence from the Consumer Expenditure Survey
E-94-3 Orazio P. Attanasio and Steven J. Davis Relative Wage Movements and the Distribution of Consumption
E-94-4 Orazio P. Attanasio The Intertemporal Allocation of Consumption: Theory and Evidence
E-94-5 Sherwin Rosen Managerial Compensation, Control and Investment
E-94-6 John G. Matsusaka Fiscal Effects of Direct Legislation: Evidence from the Last 30 Years
E-94-7 Edward L. Glaeser Economic Growth and Urban Density: A Review Essay
E-94-8 Edward L. Glaeser The Incentive Effects of Property Taxes on Local Governments
E-94-9 John G. Matsusaka and Vikram Nanda A Theory of the Diversified Firm, Refocusing, and Divestiture
E-94-10 Edward L. Glaeser and Jose A. Scheinkman Neither a Borrower Nor Lender be: An Economic Analysis of Interest Restrictions and Usury Laws
E-94-11 Edward L. Glaeser and David C. Mare Cities and Skills
E-95-1 Edward L. Glaeser and Jose A. Scheinkman The Transition to Free Markets: Where to Begin Privatization
E-95-2 Edward L. Glaeser, Bruce Sacerdote and Jose A. Scheinkman Crime and Social Interactions
E-95-3 Kenneth L. Judd The Optimal Tax on Capital Income is Negative
E-95-4 Edward L. Glaeser, Jose A. Scheinkman and Andrei Shleifer Economic Growth in a Cross-Section of Cities
E-95-5 Alan F. Kremen Capitalism and the Ethic of Care: New Directions for Policy, Philosophy, and Leadership
E-95-6 David M. Cutler and Edward L. Glaeser Are Ghettos Good or Bad?
E-95-7 Michael Kremer and Eric Maskin Segregation by Skill and the Rise of Inequality
E-95-8 Michael Kremer Integrating Behavioral Choice into Epidemiological Models of AIDS
E-95-9 Michael Kremer Assortative Marriage and the Dynamics of Inequality
E-95-10 Edward L. Glaeser Should Transfer Payments be Indexed to Local Price Levels?
E-95-11 Matthew E. Kahn and John G. Matsusaka Demand for Environmental Goods: Evidence from Voting Patterns on California Initiatives
E-96-1 Thomas G. Moore Health and Amenity Effects of Global Warming
E-96-2 Barton H. Hamilton, Vivian H. Hamilton, and Harry J. Paarsch Access, Utilization, and Equity in Canada and the U.S.: An Empirical Model of Physician Visits
E-96-3 Stephen G. Donald, David A. Green, and Harry J. Paarsch Differences in Earnings and Wage Distributions between Canada and the United States: An Application of a Semi-Parametric Estimator of Distribution Functions with Covariates
E-96-4 Holger M. Müller Approximating the First-Best in Agency Models with Step Function Contracts
E-96-5 Holger M. Müller Randomization in Dynamic Principal-Agent Problems
E-97-1 Peter C. Reiss and Ingrid M. Werner Interdealer Trading: Evidence from London
E-97-2 Thomas G. Moore A Reformulation of Utility Theory or It All Comes from Sex
E-97-3 Ignacio Palacios-Huerta The Pricing of Human Capital and Financial Assets
E-98-1 Alan M. Taylor Latin America and Foreign Capital in the Twentieth century: Economies, Politics, and Institutional Change
E-98-2 Gerardo della Paolera and Alan M. Taylor Economic Recovery from the Argentine Great Depression: Institutions, Expectations, and the Change of Macroeconomic Regime
E-98-3 Ignacio Palacios-Huerta and Jesus J. Santos An Essay on the Competitive Formation of Preferences
E-98-4 Rudolph Richter European Monetary Union: Initial Situation, Alternatives, Prospects—In the Light Modern Institutional Economics
E-00-1 Rudolph Richter Macroeconomics from the Viewpoint of Modern Institutional Economics
E-01-1 Charles Ka Yui Leung Relating International Trade to the Housing Market: The Case of Tariff
E-01-2 Charles Ka Yui Leung Productivity Growth, Increasing Income Inequality and Social Insurance: The Case of China?
E-01-3 Charles Ka Yui Leung and Chung Yi Tse Increasing Wealth and Increasing Instability: The Role of Collateral
Working Papers in Political Science
P-91-1 John A. Ferejohn and Barry R. Weingast A Positive Theory of Statutory Interpretation
P-92-1 Seymour Martin Lipset The Sources of Political Correctness on American Campuses
P-92-2 Charles Stewart III and Barry R. Weingast Stacking the Senate, Changing the Nation: Republican Rotten boroughs, Statehood Politics, and American Political Development
P-92-3 Alessandra Casella and Johnathan S. Feinstein Public Goods in Trade: On the Formation of Markets and Political Jurisdictions