Research Paper Series


Department of Economics
Williams College
RESEARCH PAPER SERIES
A series of papers written by members of the Department of Economics on topics that do not pertain directly to less developed countries. From time to time documentation for computer programs and other research tools developed by members of the department will be distributed in this series as Special Research Papers and denoted by the letters RPS. A copy of any paper (and/or a reprint of the published version) will be mailed on request. See the order blank for further details.

1984-1995 Research Papers

RP-63 Lee J. Alston, Samar K. Datta and Jeffrey B. Nugent, "Tenancy Choice in a Competitive Framework with Transactions Costs: A Theoretical and Empirical Analysis," February, 1984 (Journal of Political Economy, December, 1984).

RP-64 Lee J. Alston and Morton Owen Schapiro, "Inheritance Laws Across Colonies: Causes and Consequences," February, 1984 (Journal of Economic History, May, 1984).

RP-65 P. Srinagesh, "Public Utility Pricing Under Risk: Self-Rationing With Non-Linear Prices," March, 1984.

RP-66 David R. Ross, "A Measure of Conditional Bivariate Association," April, 1984.

RP-67 P. Srinagesh, "Nonlinear Prices and the Regulated Firm," April, 1984 (Quarterly Journal of Economics, Feb. 1986).

RP-68 Stefano Fenoaltea, "Public Works Construction in Italy, 1861-1913: A Progress Report," May, 1984.

RP-69 Stefano Fenoaltea, "The Industrialization of Italy, 1861-1913: A Progress Report," May, 1984.

RP-70 James Neumann, "Natural Resource Policy in New Jersey's Pinelands," July, 1984.

RP-71 David R. Ross, "Learning by a Monopolist," August, 1984.

RP-72 Gordon C. Winston, "Activities in Time: A New Theory of Work and Consumption," September, 1984.

RP-73 David R. Ross, "Learning to Dominate," September, 1984.

RP-74** Roger Bolton, "Multiregional Models: Introduction to a Symposium," Journal of Regional Science, Vol. 20, No. 2, 1980.

RP-75** Morton Owen Schapiro, "Land Availability and Fertility in the United States, 1760-1870" in Journal of Economic History, Vol. XLII, No. 3 (Sept. 1982).

RP-76** Morton Owen Schapiro and Dennis A. Ahlburg, "Suicide: The Ultimate Cost of Unemployment" in Journal of Post-Keynesian Economics, Winter 1982-83, Vol. V, No. 2.

RP-77** Dennis A. Ahlburg and Morton Owen Schapiro, "Socioeconomic Ramifications Changing Cohort Size: An Analysis of U.S. Postwar Suicide Rates by Age and Sex" in Demography, Vol. 21, No. 1, February, 1984.

RP-78** Roger Bolton, "Regional Policy in the United States in The Canadian Journal of Regional Science, V, 2 (1982).

RP-79** Roger Bolton, "Industrial and Regional Policy in Multiregional Modeling," chapter 7 in Regional Dimensions of Industrial Policy (Lexington: Lexington Books, 1982).

RP-80** Brian Levy, "World Oil Marketing in Transition" in International Organization 36, 1, Winter 1982.

RP-81** Ralph M. Bradburd and Richard E. Caves, "A Closer Look at the Effect of Market Growth on Industries' Profits" in The Review of Economics and Statistics, Vol. LXIV, No. 4, November, 1982.

RP-82** S. R. Lewis, Jr. and D. N. Mokgethi, "Fiscal policy in Botswana, 1966- 82" in Botswana's Economy since Independence (New Delhi: Tata McGraw- Hill Publishing Co. Limited, 1983).

RP- 83 Lee J. Alston and Joseph P. Ferrie, "Resisting the Welfare State: Southern Opposition to the Farm Security Administration," September, 1984.

RP- 84 Lee J. Alston, "'True Tenancy' in the South: Estimates for 1900 and 1910," September, 1984.

RP-85** Michael S. McPherson, "Want Formation, Morality, and Some 'Interpretive' Aspects of Economic Inquiry" in Social Science as Moral Inquiry (New York: Columbia University Press, 1983).

RP-86** Michael McPherson, "Efficiency and Liberty in the Productive Enterprise: Recent Work in the Economics of Work Organization" in Philosophy & Public Affairs, Vol. 12, No. 4, Fall 1983.

RP-87** Michael S. McPherson and Morton Owen Schapiro, "Economic Public Policy Implications of an 'Outmoded' Work Force" in Educational Record, Fall 1983.

RP- 88 Gordon C. Winston, "Three Problems with the Treatment of Time in Economics," January, 1985.

RP- 89 David R. Ross, "The Significance of Learning in Reducing Costs," February, 1985.

RP- 90 Richard Krouse and Michael McPherson, "A 'Mixed' Property Regime: Equality and Liberty in a Market Economy," February, 1985.

RP-91 David Fairris, "Unions and the Work Environment: Voice Versus Monopoly Power Effects," September, 1985.

RP- 92 Richard Krouse and Michael McPherson, "On Rawlsian Justice in Political Economy: Capitalism, 'Property-Owning Democracy,' and the Welfare State," September, 1985.

RP- 93 T.R. Lakshmanan and Roger Bolton, "Regional Energy and Environmental Analysis," October 1985.

RP- 94 Randal R. Rucker and Lee J. Alston, "The Effectiveness of Government Policies to Alleviate Agricultural Distress, 1925- 1939," March, 1986.

RP- 95 Edward R. Morey and W. Douglass Shaw, "The Impact of Acid Rain: A Characteristics Approach to Estimating the Demand For and Benefits From Recreational Fishing," March, 1986.

RP- 96 Gordon C. Winston, "Leisure," March, 1986.

RP- 97 Richard M. Peck and Padmanabhan Srinagesh, "Uncertain Lifetime and Ordinal Impatience," April, 1986.

RP- 98 David K. Howe and David Fairris, "Unions, Fringe Benefits, and Nonpositional Goods Consumption," November, 1986.

RP- 99 John Wakeman- Linn, "Coverage Ceilings on Outpatient Mental Health Care: The Patient's Perspective," January, 1987.

RP-100 Lori Gladstein Kletzer, "Job Tenure and Earnings After Permanent Job Loss," March, 1987.

RP-101 Gerald Epstein, "The Illiquidity Trap," May, 1987.

RP-102 Charles P. Kindleberger, "Henry George's Protection or Free Trade," May, 1987.

RP-103** Michael S. McPherson and Mary S. Skinner, "Paying for College: A Lifetime Proposition," July, 1987 (The Brookings Review, Fall, 1986).

RP-104 Michael S. McPherson, "Federal Student Aid Policy: Can We Learn from Experience?" July, 1987 (The Rockefeller Institute Conference Proceedings, Spring, 1986).

RP-105** Morton Owen Schapiro, "A General Dynamic Model of 19th Century US Population Change," July, 1987 (Economic Modelling, October, 1985).

RP-106 Ralph M. Bradburd and David R. Ross, "A General Measure of Multidimensional

Inequality," July, 1987. (Oxford Bulletin of Economics and Statistics, November 1988)

RP-107 David R. Ross, "The Profitability-Concentration Relation: Applying a U.K. Test to U.S. Data," Sept., 1987.

RP-108 Gordon C. Winston, "Imperfectly Rational Choice: Rationality as the Result of a Costly Activity," October, 1987.

RP-109 Padmanabhan Srinagesh, "Random Demand, Capacity and Pricing Below Cost", November, 1987.

RP-110 Ralph M. Bradburd & David R. Ross, "Can Small Firms Find and Defend Strategic Niches? A Test of the Porter Hypothesis", November, 1987.

RP-111 David R. Ross & Ralph M. Bradburd, "The Effect of Industry Heterogeneity in Structure-Performance Studies," December, 1987.

RP-112 Michael S. McPherson, "Appearance and Reality in the Guaranteed Student Loan Program," December, 1987.

RP-113 Morton Owen Schapiro, "Socio-Economic Effects of Relative Income and Relative Cohort Size", January, 1988.

RP-114 Michael S. McPherson, "How Can We Tell if Federal Student Aid is Working?", January, 1988.

RP-115 Michael S. McPherson, "Family Ability to Pay: A Lifetime Perspective", February, 1988.

RP-116 P. Srinagesh, David R. Ross, and Gordon C. Winston, "On the Applicability of Shephard's Lemma when Capital is Optimally Idle", February, 1988.

RP-117 Padmanabhan Srinagesh and Ralph M. Bradburd, "Quality Distortion by a Discriminating Monopolist", February, 1988.

RP-118 David R. Ross, "Profits, Concentration and Raw Materials-Based Manufacturing", February, 1988.

RP-119 John Wakeman-Linn, "Alternative Notions of Credit Market Equilibrium: Their Significance for Monetary Policy," March, 1988.

RP-120 Lori Gladstein Kletzer, "Industry Wage Differentials and Permanent Job Loss: Do Workers Displaced from High-Wage Industries Have Longer Durations of Joblessness?", May, 1988.

RP-121 John Wakeman-Linn, "Monetary Policy and Endogenous Credit Rationing," May, 1988.

RP-122 Gordon C. Winston and Richard G. Woodbury, "Myopic Discounting: Empirical Evidence," July, 1988.

RP-123 Catherine B. Hill, "Different Types of Commercial Policies, Employment, and the Current Account Assuming Optimizing Behavior in an Intertemporal Framework," August, 1988.

RP-124 Catherine B. Hill, "The Effects of Different Trade Policies in Open Economy Macroeconomic Models," August, 1988.

RP-125 Padmanabhan Srinagesh and Ralph Bradburd, "Quality Discrimination and Bidirectional Quality Distortion: Generating the Dupuit Outcome," October, 1988.

RP-126 Roger Bolton, "Integrating Economic and Environmental Models: Some Preliminary Considerations," October, 1988.

RP-127 Richard Sabot and John Wakeman-Linn, "Grade Inflation and Course Choice," November, 1988.

RP-128 David Fairris, "Shopfloor Relations in the Postwar Capital- Labor Accord," December, 1988.

RP-129 Lori Kletzer, "Returns to Seniority After Permanent Job Loss," December, 1988. (American Economic Review, June 1989.)

RP-130 Roger Bolton, "An Economic Interpretation of a "Sense Of Place," January, 1989.

RP-131 Lori Gladstein Kletzer, "Earnings After Job Displacement: Job Tenure, Industry, and Occupation," April, 1989.

RP-132** Duncan P. Mann and Jennifer P. Wissink, "Money-back Contracts with Double Moral Hazard," June, 1989. (RAND Journal of Economics, Summer 1988.)

RP-133 Duncan P. Mann and Jennifer P. Wissink, "Hidden Actions and Hidden Characteristics In Warranty Markets," June, 1989. (International Journal of Industrial Organization, forthcoming.)

RP-134 David Fairris, "Compensating Payments and Hazardous Work in Union and Nonunion Settings," July, 1989.

RP-135** Michael S. McPherson, Morton Owen Schapiro, and Gordon C. Winston, "Recent Trends in U.S. Higher Education Costs and Prices: The Role of Government Funding," July, 1989. (AEA Papers and Proceedings, Vol. 79 No. 2, May 1989.)

RP-136 Catherine B. Hill, "The Costs of Mismanaging Commodity Booms and The Optimal Policies Given Uncertainty," July, 1989.

RP-137 Michael S. McPherson and Morton Owen Schapiro, "Student Aid and Enrollment in Higher Education: Reconciling Econometric Findings and Historical Data," August, 1989.

RP-138 David Fairris and Lee J. Alston, "Wages and the Intensity of Labor Effort: Efficiency Wages Versus Compensating Payments," March, 1990.

RP-139 Richard Sabot and John Wakeman-Linn, "Performance in Introductory Courses: A Production Function Analysis," March, 1990.

RP-140 Roger Bolton, Randall Jackson, and Guy West, "Editors Introduction" (to special issue of a journal, Socio-Economic Planning Sciences, vol. 23, No. 5, 1989, pp. 237-240, March, 1990).

RP-141** Duncan P. Mann and Jennifer P. Wissink, "Money-Back Warranties vs. Replacement Warranties: A Simple Comparison," July, 1990. (AEA Papers and Proceedings, Vol. 80, No. 2, May 1990.)

RP-142** D. J. Macunovich and R. A. Easterlin, "Application of Granger- Sims Causality Tests to Monthly Fertility Data, 1958-1984," August, 1990. (Journal of Population Economics, 1:71-88, 1988.)

RP-143** Richard H. Day, Kyoo-Hong Kim, and Diane Macunovich, "Complex Demoeconomic Dynamics," August, 1990. (Journal of Population Economics, 2:139-159, 1989.)

RP-144 Lori G. Kletzer, "Job Displacement, 1979-1986: How Have Black Workers Fared Relative to White Workers?" June, 1990.

RP-145 Jere R. Behrman, "Macroeconomic Policies and Rural Poverty: Issues and Research Strategies," September, 1990.

RP-146 Jere R. Behrman, "The Debt Crisis, Structural Adjustment and the Rural Poor," September, 1990.

RP-147 Jere R. Behrman, "Women's Schooling and Nonmarket Productivity: A Survey and a Reappraisal," September, 1990.

RP-148 Jere R. Behrman and Anil B. Deolaikar, "School Repetition, Dropouts and the Returns to School: The Case of Indonesia," October, 1990.

RP-149 Jere R. Behrman, "Nutrient Intake Demand Relations: Income, Prices, Schooling," September, 1990.

RP-150 Barbara L. Wolfe and Jere R. Behrman, "The Synthesis Economic Fertility Model: A Latent Variable Investigation of Some Critical Attributes," September, 1990.

RP-151 Jere R. Behrman and Anil B. Deolaikar, "Unobserved Household and Community Heterogeneity and the Labor Market Impact of Schooling: A Case Study for Indonesia," October, 1990.

RP-152 Jere R. Behrman and Anil B. Deolaikar, "The Poor and the Social Sectors During a Period of Macroeconomic Adjustment: Empirical Evidence for Jamaica," October, 1990.

RP-153 Jere R. Behrman and Santiago Levy, "The Drawbacks of Export Drawbacks," November, 1990.

RP-154 Jere R. Behrman, Robert A. Pollak, and Paul Taubman, "The Wealth Model: Efficiency in Education an Distribution in the Family," November, 1990.

RP-155 Diane J. Macunovich, "An Evaluation of the Butz-Ward Hypothesis of Countercyclical Fertility," November, 1990.

RP-156 Diane J. Macunovich, "An Evaluation of the Butz-Ward Hypothesis of Countercyclical Fertility: Technical Documentation," November, 1990.

RP-157 Roger Bolton, "'Place Prosperity vs. People Prosperity' Revisited: An Old Issue With a New Angle," May, 1991.

RP-158 Craufurd D. Goodwin, "Political Economy and Civil Society," Henry George Lecture, Williams College, May, 1991.

RP-159 Jere R. Behrman, "Gender Issues in Labor Markets and Household Behavior," May, 1991.

RP-160 Lori G. Kletzer, "Industrial Mobility Following Job Displacement: Evidence from the Displaced Worker Surveys," March, 1992.

RP-161 Lori G. Kletzer, "Industry Wage Differentials and Wait Unemployment: Evidence from the 1988 Displaced Worker Survey," March, 1992.

RP-162 Roger Bolton, "What Power on Earth? Arthur Latham Perry's Reaction to Henry George," June, 1993.

RP-163 William K. Jaeger, "The Welfare Cost of a Global Carbon Tax when Tax Revenues Are Recycled," May, 1993.

RP-164 Diane J. Macunovich, "A Review of Recent Developments In the Economics of Fertility," June, 1993.

RP-165 Diane J. Macunovich, "The Missing Factor: Variations in the Income Effect of the Female Wage on Fertility in the U.S.," June, 1993.

RP-166 Thomas C. Pinckney and Peter K. Kimuyu, "Land Tenure Reform in East Africa: Good, Bad, or Unimportant?" June, 1993.

RP-167 Lori G. Kletzer, "Sector-Specific Skills and the Returns to Seniority: Evidence from Reemployment Following Job Displacement," June, 1993.

RP-168 William K. Jaeger, "Is Sustainability Optimal?: Examining the Differences Between Economists and Environmentalists," November, 1993.

RP-169 Roger Bolton and Rodney C. Jensen, "Regional Science and Regional Practice," October, 1994.

RP-170 Ted Burczak, "Radical Subjectivism and Prediction," March, 1995.

** Reprint only available


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