HIER 1999 Discussion Papers

1858. Leslie A. Jeng, Andrew Metrick and Richard Zeckhauser
The Profits to Insider Trading: A Performance-Evaluation Perspective
Abstract

1859. Martin L. Weitzman­
Making Dynamic Welfare Comparisons
Abstract

1860. Martin L. Weitzman
Economic Profitability vs. Ecological Entropy
Abstract

1861. Tor Jakob Klette, Jarle Moen and Zvi Griliches
Do Subsidies to Commercial R&D Reduce Market Failures - Microeconomic Evaluation Studies?
Abstract

1862. Glenn Ellison and Edward L. Glaeser
The Geographic Concentration of Industry: Does Natural Advantage Explain Agglomeration?

1863. Eric Maskin and John Moore
Implementation and Renegotiation
Abstract

1864. Martin L Weitzman
A Contribution to the Theory of Welfare Comparisons
Abstract

1865. Laurent E. Calvet
Incomplete Markets and Volatility
Abstract

1866. David Canning, Clifford W. Jefferson, and John E. Spencer
Optimal Credit Rationing in Not-For-Profit Financial Institutions
Abstract

1868. Aaron Tornell
Common Fundamentals in the Tequila and Asian Crises
Abstract

1869. Aaron Tornell
Privatizing The Privatized
Abstract

1870. Glenn Ellison and Drew Fudenberg
The Neo-Luddite's Lament: Excessive Upgrades in the Software Industry
Abstract

1871. Drew Fudenberg and Jean Tirole
Customer Poaching and Brand Switching
Abstract

1872. Anne Krueger and Aaron Tornell
The Role of Bank Restructuring in Recovering from Crises: Mexico 1995-98
Abstract

1873. Drew Fudenberg and Jean Tirole
Pricing Under the Threat of Entry by a Sole Supplier of a Network Good
Abstract

1874. Edward L. Glaeser
Urban Primacy and Politics
Abstract

1875. Edward L. Glaeser, David Laibson, Jose A. Scheinkman and Christine L. Soutter
What is Social Capital? The Determinants of Trust and Trustworthiness
Abstract

1876. Gene M. Grossman and Elhanan Helpman
Incomplete Contracts and Industrial Organization
Abstract

1877. Richard N. Cooper
Exchange Rate Choices
Abstract | Paper

1878. Edward L. Glaeser and Jose A. Scheinkman
Measuring Social Interactions
Abstract

1879. Randall Morck, Bernard Yeung and Wayne Yu
The Information Content of Stock Markets: Why Do Emerging Markets Have Synchronous Stock Price Movements?
Abstract | Paper

1880. Oliver Hart and John Moore
On the Design of Hierarchies: Coordination Versus Specialization
Abstract | Paper

1881. Martin L. Weitzman
An "Economics Proof" of a Separating Hyperplane Theorem
Abstract | Paper

1882. Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer, and Robert Vishny
Investor Protection and Corporate Valuation
Abstract | Paper

1883. Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer, and Robert Vishny
Investor Protection: Origins, Consequences, Reform
Abstract | Paper

1884. Aditya Kaul, Vikas Mehrotra and Randall Morck
Demand Curves for Stocks Do Slope Down: New Evidence From An Index Weights Adjustment
Abstract | Paper

1885. Simon Johnson and Andrei Shleifer
Coase v. the Coasians
Abstract

1886. Christopher Harris and David Laibson
Dynamic Choices of Hyperbolic Consumers
Abstract

1887. Simon Johnson, Rafael La Porta, Florencio Lopez-de-Silanes, and Andrei Shleifer
Tunnelling
Abstract | Paper

1888. N. Gregory Mankiw
The Savers-Spenders Theory of Fiscal Policy
Abstract