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Faculty Working Paper Series*

 

2003

2003-01
"A Migration Study of Mother's Work, Welfare Participation, and Child Development"
Haiyong Liu (email)
Download Paper

2000

2000-01
"Alternative Monetary Policy Rules for Small Open Economies"
Richard Froyen (
email), Alfred Guender
View Abstract , Download Paper, Download Graphs
 
2000-02
"Prosecutorial Resources, Plea Bargaining, and the Decision to go to Trial"
Scott Baker and Claudio Mezzetti
(email)
View Abstract , Download Paper
 
2000-03
"The Determinants of Federal Reserve Policy Actions:  A Reexamination"
Richard Froyen and Roger Waud
(email)
View Abstract , Download Paper
 
1999

1999-01 
"What is Fractional Integration?"
William R. Parke (email, web site)
View Abstract , Download Paper

1999-02
"Structural Change in the Impact of Income on Food Consumption in China, 1989-93"
Tom Mroz (email, web site)
View Abstract , Download Paper, download appendices:1, 2, 3

1999-03
"Random Belief and Ultraperfect Equilibria"
James W. Friedman (email, web site) and Claudio Mezzetti (email)
View Abstract, Download Paper

1999-04
"Learning in Games by Random Sampling"
James W. Friedman and Claudio Mezzetti
View Abstract, Download Paper

1999-05
"The Legacy of Augustin Cournot"
James W. Friedman
View Abstract, Download Paper

1999-06
"Incentive Auctions and Information Revelation"
Gary Biglaiser (email) and Claudio Mezzetti
View Abstract, Download Paper

1999-07
"Dynamics of Price Regulation"
Gary Biglaiser and Michael Riordan (Columbia University)
View Abstract, Download Paper

1999-08
"The Economics of BOC Long Distance Entry when Access Rates are Above Costs"
Gary Biglaiser and Patrick DeGraba (FCC)
View Abstract, Download Paper

1999-09
"Simple Strategy-Proof Approximately Walrasian Mechanisms"
Alexander Kovalenkov (email)
View Abstract, Download Paper

1999-10
"Overfitting and Biases in Nonparametric Kernel Regressions Using Cross-Validated Bandwidths: A Cautionary Note"
Tom Mroz and Tim Savage
View Abstract, Download Paper

 
 
Additional Faculty Working Papers

The Supply of Quality in Child Care Centers
April 1999
David Blau and H. Naci Moran

Working Papers by Patrick Conway

Working Papers by Koleman Strumpf

Working Papers by Tom Mroz
 
Working Papers by Ronald Gallant
Comments on Calibration
EMM: A Program for Efficient Method of Moments Estimation
Estimating Stochastic Differential Equations Efficiently by Minimum Chi Square
Estimation of Continuous Time Models for Stock Returns and Interest Rates
Estimation of Stochastic Volatility Models with Diagnostics
The Nonlinear Mixed Effects Model with a Smooth Random Effects Density
Qualitative and Asymptotic Performance of SNP Density Estimators
Reprojecting Partially Observed Systems with Application to Interest Rate Diffusions
SNP: A Program for Nonparametric Time Series Analysis
Specification Analysis of Continuous Time Models in Finance
Which Moments to Match
* Disclaimer: The author(s) might have a revised verion of this working paper available. To avoid confusion, however, the Department maintains only the original working paper at this site. If requesed by the author, there is a link below to the author's more recent version. Please contact the author directly if you have difficulty accessing a revised version.
 

Working Papers: 1995 and Earlier

 

SINGLE copies of working papers are available upon written request to: Working Paper Coordinator, Department of Economics, CB# 3305, Gardner Hall, University of North Carolina, Chapel Hill, NC 27599-3305 USA. TEL: 919-966-5831, FAX: 919-966-4986 or email to Nancy Kocher.

76-1 "Estimates of the 'Fisher Effect': A Structural Model Approach," Richard T. Froyen and Lawrence S. Davidson, January 1976.

76-2 "Generalizing the Two-Sector Keynesian and Neoclassical Macromodels," Arthur Benavie, February, 1976.

76-3 "The Impact of Adjusted Factor Cost Valuation of the CES Interpretation of Postwar Soviet Economic Growth," Steven Rosefielde and C.A. Knox Lovell, February 1976.

76-4 "Educational Production Functions: A Microeconomic Analysis," Solomon W. Polachek, Thomas J. Kniesner, and Henrick J. Harwood, June 1976.

76-5 "Political Experience and Presidential Success," Thomas J. Kniesner and John V. McIntosh, October, 1976.

76-6 "A Rational Model of Hyperinflation, Exchange Depreciation, and the Demand for Money in Post World War I Germany," Michael K. Salemi, revised December 1976.

76-7 "Medical Care Quality as a Collective Good," Roger Feldman, December 1976.

77-1 "Monetary Policy Reaction Functions Assuming the Policymaker Forecasts Rationally," Richard Froyen, January 1977.

77-2 "Tax Policies and Stagflation in a Short-Run Dynamic Macromodel," Arthur Benavie, March 1977.

77-3 "On Ray-Homothetic Production Functions," Rolf Fare, Leif Jansson, and C.A. Knox Lovell, May 1977.

77-4 "Occupational Segregation Among Women: A Human Capital Approach," Solomon William Polachek, June 1977.

77-5 "The Demand for Money During Hyperinflation Under Rational Expectations," Michael K. Salemi and Thomas J. Sargent, June 1977.

77-6 "Estimating the Economic Model of Crime with Individual Data," Ann Dryden Witte, July 1977.

77-7 "The Rate of Return to Schooling and the Business Cycle," Thomas J. Kniesner, Arthur H. Padilla, Solomon W. Polachek, August 1977.

77-8 "Ability, Schooling and The Rate of Return to Education: Toward a More Complete Representation," Thomas J. Kniesner and Solomon W. Polachek, September 1977.

77-9 "Electric Utility Automatic Fuel Cost Adjustment Clauses and Efficiency Incentives," John F. Stewart, October 1977.

77-10 "The Behavior of a Multinational Firm Facing a Content Requirement and a Tariff," Harold O. Fried, December 1977.

78-1 "Estimating Technical and Allocative Inefficiency Relative to Stochastic Production and Cost Frontiers," Peter Schmidt and C.A. Knox Lovell, January 1978.

78-2 "Measuring the Technical Efficiency of Production," Rolf Fare and C.A. Knox Lovell, February 1978.

78-3 "An Estimate of a Structural Hedonic Price Model of the Housing Market: An Application of Rosen's Theory of Implicit Markets," Ann D. Witte, Howard J. Sumka, and Homer Erekson, February 1978.

78-4 "An Exploration of the Determinants of Labor Market Performance for Prison Releasees," Ann D. Witte and Pamela A. Reid, June 1978.

78-5 "Estimating Stochastic Production and Cost Frontiers When Technical and Allocative Inefficiency are Correlated," Peter Schmidt and C.A. Knox Lovell, July 1978.

78-6 "Affinely Homothetic Production Technology," Rolf Fare and C.A. Knox Lovell, September 1978.

78-7 "On the Flexibility of the Translog Approximation," David K. Guilkey and C.A. Knox Lovell, September 1978.

78-8 "Price Discrimination in Related Markets," C.A. Knox Lovell and Kenneth L. Wertz, September 1978.

78-9 "The Geometric-Mean Principle Revisited: A Reply," Henry A. Latane, October 1978.

79-1 "Third Degree Price Discrimination in Imperfectly Sealed Markets," Kenneth L. Wertz and C.A. Knox Lovell, January 1979.

79-2 "Racial Differences in Earnings Over the Business Cycle," Thomas J. Kniesner, Arthur Padilla, Solomon W. Polachek, February 1979.

79-3 "A Dynamic, Stochastic Model of Inflation and Exchange Depreciation," Michael K. Salemi, March 1979.

79-4 "The Distributive Implications of Monopoly Power: A General Equilibrium Analysis," Ralph Lankford and John F. Stewart, April 1979.

79-5 "One Economic Interpretation of the Rank Condition for Consistency in a Simultaneous Equations Model with Limited Dependent Variables," Donald M. Waldman, October 1979.

79-6 "The Evaluation of Natural Resource Adequacy: Elusive Quest or Frontier of Economic Theory? V. Kerry Smith, October 1979.

79-7 "Some Neglected Stackelberg Duopoly Models," Donald R. Chambers and C.A. Knox Lovell, October 1979.

80-1 "Toward a Restructuring of the Treatment of Natural Resources in Economic Models," V. Kerry Smith and John V. Krutilla, January 1980.

80-2 "Measuring the Prospects for Resource Substitution Under Input and Technology Aggregations," Raymond J. Kopp and V. Kerry Smith, January 1980.

80-3 "Maximum Likelihood Regression of Rank-Censored Data," Robert W. Keener and Donald M. Waldman, January 1980.

80-4 "The Effect of Correctional Standards on Long Run Prison System Costs," William N. Trumbull and Ann D. Witte, February 1980.

80-5 "Formulation and Estimation of a Time Allocation Model for Young Men," Donald M. Waldman, April 1980.

80-6 "Measuring the Technical Efficiency of Multiple Output Production Technologies," Rolf Fare, C.A. Knox Lovell, Kimberly Zieschang, June 1980.

80-7 "A Theorem on the Non-Existence of a Trivial Maximum to the Stochastic Frontier Likelihood Function," Donald M. Waldman, July 1980.

80-8 "A Generalized Economic-Uneconomic Boundary for Short Run Product and Cost Curves," William A. Kelly, Jr. and Donald M. Waldman, July 1980.

80-9 "Differential Inflationary Expectations and the Effectiveness of Demand Management Policies," Lawrence S. Davidson and William A. Kelly, Jr., July 1980.

80-10 "Current Economic Trends: Implications for Crime and Criminal Justice," Sharon K. Long and Ann D. Witte, July 1980.

80-11 "The Production Technology and Market Provision of Club Goods," V. Kerry Smith, September 1980.

81-1 "Frontier Production Functions and Milk Processing: A Note on the Treatment of Inputs and Outputs," V. Kerry Smith, January 1981.

81-2 "The Performance of Neoclassical-Econometric Models in Measuring Natural Resource Substitution with Environmental Constraints," Michael Hazilla, Raymond J. Kopp, and V. Kerry Smith, January 1981.

81-3 "Socially Optimal and Equilibrium Distributions of Office Activity," Helen Tauchen, Ann D. Witte, February 1981.

81-4 "The Measurement of Non-Neutral Technological Change," Raymond J. Kopp and V. Kerry Smith, February 1981.

83-1 "The Effect of Tax Laws and Tax Administration on Tax Compliance," Ann D. Witte and Diane F. Woodbury, February 1983.

83-2 "The Information Content of Data in a Random Utility Model," Donald M. Waldman, March 1983.

83-3 "Measuring Productive Efficiency--A Problem with the Farrell Measure and a Proposed Solution," Randy A. Nelson and Donald M. Waldman, March 1983.

83-4 "Properties of Technical Efficiency Estimators in the Stochastic Frontier Model," Donald M. Waldman, June 1983.

83-5 "Family Violence: A Microeconomic Approach," Sharon K. Long, Ann D. Witte, Patrice Karr, September 1983.

83-6 "Computation in Duration Models with Heterogeneity," Donald M. Waldman, September 1983.

83-7 "Measuring Technical Efficiency: Index Numbers vs. Production Frontiers," Donald M. Waldman and Randy A. Nelson, September 1983.

84-1 "The Mean of the Conditional, Truncated Multi-Normal Distribution," Donald M. Waldman, January 1984.

84-2 "The Diffusion of Innovations in Hospitals: Theory and Estimation," Robert H Lee and Donald M. Waldman, March 1984.

84-3 "Worker Ownership: An Efficient Form of Intertemporal Industrial Organization," Patrick J. Conway, May 1984.

84-4 "Structural Rigidities and Current Account Deficits: Evidence for Turkey," Patrick J. Conway, May 1984.

84-5 "Is the Labor Market an Auction Market, A Contract Market or Something in Between? A Survey of the Evidence for the U.S.," Thomas J. Kniesner, Arthur H. Goldsmith, June 1984.

85-1 "Allocative Efficiency and Industrial Organization," Patrick J. Conway, January 1985.

85-2 "Simulating Hedonic Labor Market Models: Computational Methods and Policy Applications," Thomas J. Kniesner and John D. Leeth, January 1985.

85-3 "Simulating Hedonic Labor Market Models: Computational Methods and Policy Applications," Thomas J. Kniesner and John D. Leeth, January 1985.

85-4 "Two Entries for: THE NEW PALGRAVE: A Dictionary of Economic Theory and Doctrine-- Bilateral Monopoly and Duopoly," James W. Friedman, September 1985.

85-5 "A Positive Approach to Noncooperative Games," James W. Friedman and Robert W. Rosenthal, September 1985.

85-6 "Macroeconomic Theory Under Increasing Returns," Allin F. Cottrell and William A. Darity, Jr., September 1985.

85-7 "A Neutral Capital Income Tax System," Stephen A. Allen, October 1985.

85-8 "Oil Windfalls in a Controlled Economy: A "Fix-price" Equilibrium Analysis of Algeria," Patrick Conway and Alan Gelb, October 1985.

85-9 "The Simple Analytics of Aggregate Demand Price and Aggregate Supply Price Analysis," William Darity, Jr., October 1985.

85-10 "A Survey of Alternative Models of the Aggregate U.S. Labor Market," Thomas J. Kniesner and Arthur H. Goldsmith, November 1985. Revised January 1987.

86-1 "The Power of Direct Tests of the Rational Expectations Hypothesis when the Alternative is Learning," David D. Steiner, February 1986.

86-2 "A Survey of Alternative Models of the Aggregate U.S. Labor Market," Thomas J. Kniesner and Arthur H. Goldsmith, March 1986.

86-3 "Can We Make OSHA and Workers' Compensation Insurance Interact More Effectively in Promoting Workplace Safety? A Numerical Simulation Analysis of Hedonic Labor Market Equilibrium," Thomas J. Kniesner and John D. Leeth, April 1986. Revised October 1987.

86-4 "On the Strategic Importance of Prices versus Quantities," James W. Friedman, April 1986. Revised February 1987.

86-5 "Separating the Reporting Effects from the Injury Rate Effects of Workers' Compensation Insurance: A Hedonic Simulation," Thomas J. Kniesner and John D. Leeth, June 1986. Revised September 1987 and February 1988.

86-1 "The Power of Direct Tests of the Rational Expectations Hypothesis when the Alternative is Learning," David D. Steiner, February 1986.

86-2 "A Survey of Alternative Models of the Aggregate U.S. Labor Market," Thomas J. Kniesner and Arthur H. Goldsmith, March 1986.

86-3 "Can We Make OSHA and Workers' Compensation Insurance Interact More Effectively in Promoting Workplace Safety? A Numerical Simulation Analysis of Hedonic Labor Market Equilibrium," Thomas J. Kniesner and John D. Leeth, April 1986. Revised October 1987.

86-4 "On the Strategic Importance of Prices versus Quantities," James W. Friedman, April 1986. Revised February 1987.

86-5 "Separating the Reporting Effects from the Injury Rate Effects of Workers' Compensation Insurance: A Hedonic Simulation," Thomas J. Kniesner and John D. Leeth, June 1986. Revised September 1987 and February 1988.

86-6 "The Interaction of Trade Liberalization and Stabilization Policies in a Developing Country: Evidence for Turkey," Patrick Conway, June 1986.

86-7 "Graham Immiserization: A Dynamic Analysis," Patrick Conway, June 1986.

86-8 "International Trade and Immiserization with Asymmetric Returns to Scale," Patrick Conway, June 1986.

86-9 "Family Structure, Race, and the Hazards of Young Women in Poverty," Thomas J. Kniesner, Marjorie B. McElroy, and Thomas P. Wilcox, July 1986. Revised July 1987.

87-1 "A Modified Folk Theorem for Time-Dependent Supergames," James W. Friedman, January 1987. Revised March 1987 and February 1988.

87-2 "Price Level Determinacy and Nominal Interest Rate Pegging," Arthur Benavie and Richard T. Froyen, March 1987.

87-3 "Multilateral Productivity Comparisons When Some Outputs are Undesirable: A Nonparametric Approach," Rolf Fare, Shawna Grosskopf, C.A.K. Lovell, and Carl Pasurka, April 1987.

87-4 "Some Observations on the New DEA," Rolf Fare, Shawna Grosskopf and C.A. Knox Lovell, April 1987.

87-5 "Scale Elasticity and Scale Efficiency," Rolf Fare, Shawna Grosskopf, and C.A. Knox Lovell, April 1987.

87-6 "Output Aggregation and the Measurement of Productive Efficiency," C.A. Knox Lovell, Asani Sarkar, and Robin C. Sickles, April 1987.

87-7 "The Economics of Content Protection: A Dual Approach," Rolf Fare, James Logan, and C.A. Knox Lovell, April 1987.

87-8 "The Effect of Unions on Productivity: U.S. Surface Mining of Coal," Patricia Byrnes, Rolf Fare, Shawna Grosskopf, and C.A. Knox Lovell, April 1987.

87-9 "Prices and Quantities in an Infinite Horizon Oligopoly," James W. Friedman, April 1987.

87-10 "Theorems of International Trade Under Symmetric and Asymmetric Variable Returns to Scale," William Darity, Jr., June 1987.

87-11 "An Indirect Efficiency Approach to the Evaluation of Producer Performance," R. Fare, S. Grosskopf, C.A.K. Lovell, July 1987.

87-12 "Customs Unions with a Continuum of Goods," Dennis R. Appleyard, Patrick J. Conway, Alfred J. Field, Jr., August 1987.

87-13 "Reconciling Actual and Optimal Monetary Policy in Switzerland Under Fixed Exchange Rates and Floating," Ulrich Camen, Hans Genberg, and Michael Salemi, September 1987.

87-14 "How Fragile Are Male Labor Supply Function Estimates?," Thomas J. Kniesner and Karen M. Smith, December 1987.

87-15 "Is the Business Cycle Characterized by Deterministic Chaos?," William A. Brock and Chera L. Sayers, December 1987.

88-1 "FIML Estimation of the Risk Premium in a Portfolio Model of the D-mark," Stanley W. Black and Michael K. Salemi, February 1988.

88-2 "Externality Taxes and Compensation," Robert H. Lee, March 1988.

88-3 "Optimal Monetary, Fiscal, and Exchange-Rate Policy with Wage Indexation," Arthur Benavie and Richard Froyen, May 1988.

88-4 "Subgame Perfect Equilibrium with Continuous Reaction Functions," James W. Friedman and Larry Samuelson, May 1988.

88-5 "Trade Agreements vs. Unilateral Tariff Reductions: Evidence from Modeling with a Continuum of Goods," Patrick J. Conway, Dennis R. Appleyard, and Alfred J. Field, Jr., May 1988.

88-6 "Search for Nonwage Job Characteristics: A Test of the Reservation Wage Hypothesis," David M. Blau, July 1988.

88-7 "The Optimality of Contingent Contracts in International Finance," Patrick J. Conway, August 1988.

88-8 "The Economics of Debt Rescheduling," Patrick J. Conway, August 1988.

88-9 "Monitoring the Performance of Soviet Cotton Refining Enterprises: Sensitivity of Findings to Estimation Techniques," C.A. Knox Lovell and L.L. Wood, Summer 1988.

88-10 "Chance-Constrained Efficiency Analysis," Kenneth C. Land, C.A. Knox Lovell, Sten Thore, Summer 1988.

88-11 "Growth and Trade with Asymmetric Returns to Scale: A Model for Nicholas Kaldor," Patrick Conway and William Darity, Jr., August 1988.

88-12 "The Pure Theory of International Trade in a Surplus Economy," William Darity, Jr., August 1988.

88-13 "Advertising in Competitive Markets," Mark Stegeman, September 1988.

88-14 "Measuring Cost Efficiency in Banking: Econometric and Linear Programming Evidence," Gary D. Ferrier and C.A. Knox Lovell, September 1988.

88-15 "Capital Utilization in Two-Sector Models of Tax Incidence," Dennis Coates, October 1988.

88-16 "Capital Utilization and the Welfare and Efficiency Effects of the Corporation Profits Tax," Dennis Coates, October 1988.

88-17 "British Industry and the West India Plantations," William Darity, Jr., October 1988.

88-18 "What's Left of the Economic Theory of Discrimination?," William Darity, Jr., November 1988.

89-1 "The Impact of Gender and Working Life Cycle Position on the Likelihood and Accumulation of Formal On-the-Job Training," Alfred J. Field and Arthur H. Goldsmith, February 1989.

89-2 "The Impact of Recent Formal On-the-Job Training on the Likelihood of Layoff Unemployment," Alfred J. Field and Arthur H. Goldsmith, February 1989.

89-3 "Optimal Stabilization Policy with an Interest-Tax in a Small Open Economy," Arthur Benavie and Richard Froyen, March 1989.

89-4 "The Conditions Permitting Speculation," Mark Stegeman, May, 1989.

89-5 "Monopoly Pricing with Visiting Costs," Mark Stegeman, June, 1989.

89-6 "Excess Advertising in a Bilateral Search Market," Mark Stegeman, July 1989.

89-7 "The Child Care Labor Market," David M. Blau, August 1989.

89-8 "To Trade, or Not to Trade; That is the Question," James W. Friedman and Peter Hammerstein, September, 1989.

89-9 "The 'Folk Theorem' and Continuous Reaction Functions: A Synthesis," James W. Friedman, October 1989.

89-10 "Price-Quantity Oligopoly with Adjustment Costs," James W. Friedman, October 1989.

89-11 "Transactions Costs and Vehicle Currencies," Stanley W. Black, November 1989.

90-1 "Saddlepath Solutions For Multivariate Linear Rational Expectations Models," Michael K. Salemi and Jaeyeong Song, February 1990.

90-2 "A DEA Approach to the Problem of New and Disappearing Commodities in the Construction of Prices Indexes," C.A. Knox Lovell and Kimberly D. Zieschang, February 1990.

90-3 "Derivation of Virtual Prices For Undesirable Outputs: A Distance Function Approach," C.A. Knox Lovell, Rolf F„re, Shawna Grosskopf and Suthathip Yaisawarng, February 1990.

90-4 "Indirect Productivity Measurement," C.A. Knox Lovell, Rolf F„re and Shawna Grosskopf, February 1990.

90-5 "Stratified Models of Education Production Using DEA and Regression Analysis," C.A. Knox Lovell, L.C. Walters and L.L. Wood, February 1990.

90-6 "Deleting Strictly Dominated Strategies," Mark Stegeman September 1990.

90-7 "Tax Competition, Non-Use of Head Taxes, and the Efficiency of Local Property Taxes," Dennis Coates September 1990.

90-8 "Resources and Functionings: A New View of Inequality in Australia," C.A.K. Lovell, S. Richardson, P. Travers, and L.L. Wood, October 1990.

90-9 "Variation in Productive Efficiency in French Workers' Cooperatives," Jacques Defourny, C.A. Knox Lovell, and Ake G. M. N'Gbo, October 1990.

91-1 "An Extension of the 'Folk Theorem' with Continuous Reaction Functions," James W. Friedman, Larry Samuelson, February 1991.

91-2 "Infinite Horizon Spatial Duopoly with Collusive Pricing and Noncollusive Location Choice," James W. Friedman, Jacques-Fran‡ois Thisse, February 1991.

91-3 "Continuous Reaction Functions in Duopolies," James W. Friedman, Larry Samuelson, February 1991.

91-4 "Oligopoly with Price Inertia and Bounded Rationality," James W. Friedman, February 1991.

91-5 "Trade and Efficiency Effects of Domestic Content Protection The Australian Tobacco and Cigarette Industries," John C. Beghin and C.A. Knox Lovell, April 1991.

91-6 "Optimal Monetary and Wage Indexation Policies in A Small Open Economy," Arthur Benavie and Richard Froyen, June 1991.

91-7 "Bayesian and Weakly Robust First Best Mechanisms: Characterizations," Louis Makowski and Claudio Mezzetti, September 1991.

91-8 "The Possibility of Efficient Mechanisms for Trading An Indivisible Object," Louis Makowski and Claudio Mezzetti, September 1991.

91-9 "Investment, Employment and Wages: A Bargaining Approach," Claudio Mezzetti, September 1991.

91-10 "Production Frontiers and Productive Efficiency An Introduction and Readers' Guide," C.A. Knox Lovell, November 1991

92-1 "A Dynamic Factor Model Approach to Estimating the Natural Rate of Unemployment and the Phillips Curve," Michael K. Salemi, February 1992.

92-2 "Measuring the Macroeconomic Performance of the Taiwanese Economy," C.A. Knox Lovell, April 1992.

92-3 "Evaluating The Performance of U.S. Credit Unions," Harold O. Fried, C.A. Knox Lovell and Philippe Vanden Eeckaut, August 1992.

92-4 "Frontier Tales: DEA and FDH," C.A.K. Lovell and Philippe Vanden Eeckaut, August 1992.

92-5 "Volatility in the terms of trade with non-identical preferences," May Hagiwara, August, 1992.

93-01 "The Relationship of the Exchange Risk Premium to Net Foreign Assets and Central Bank Intervention," Stanley W. Black, February 1993.

93-02 "Deregulation and Productivity Decline: The Case of Spanish Savings Banks," E. Grifell-Tatj‚ and C.A.K. Lovell, June 1993.

93-03 "Optimal Seigniorage Versus Interest Rate Smoothing," Richard T. Froyen and Roger N. Waud, October 1993.

93-04 "A New Decomposition of The Malmquist Productivity Index," E. Grifell-Tatj‚ and C.A.K. Lovell.

94-01 "Evaluation of State Risk Pools: The Current and Potential Experience," Sally C. Stearns, Thomas Mroz and Noah Glick, May 1994.

94-02 "Exchange Rate Volatility, Trading Volume and Interest Rate Differential in a Model of Portfolio Selection," May Hagiwara and Miguel A. Herce, August 1994.

94-03 "Risk Aversion and Stock Price Sensitivity to Dividends," May Hagiwara and Miguel A. Herce, September 1994.

95-01 "JRC Equilibrium and Intraindustry Trade: Another Look at Product Differentiation," Elizabeth D. Wickham, April 1995.

95-02 "Discrete Factor Approximations for Use in Simultaneous Equation Models with Both Continuous and Discrete Endogenous Variables," Thomas A. Mroz and David K. Guilkey, October 1995.

 

Please address questions about the Working Paper Series to Nancy Kocher