HIER 2002 Discussion Papers

1943. Rafael La Porta, Florencio Lopez-de-Silanes, Cristian Pop-Eleches and Andrei Shleifer
The Guarantees of Freedom
Abstract | Paper­

1944. Mike Burkart, Fausto Panunzi, and Andrei Shleifer
Family Firms
Abstract | Paper

1945.John Y. Campbell and Glen B. Taksler
Equity Volatility and Corporate Bond Yields
Abstract | Paper

1946.John Y. Campbell and Joao F. Cocco
Household Risk Management and Optimal Mortgage Choice
Abstract | Paper

1947. Xavier Gabaix and David Laibson
The 6D Bias and the Equity Premium Puzzle
Abstract | Paper

1948. Edward L. Glaeser and Joseph Gyourko
The Impact of Zoning on Housing Affordability
Abstract | Paper

1949. Alberto Alesina, Reza Baqir, Caroline Hoxby
Political Jurisdictions in Heterogeneous Communities
Abstract | Paper

1950. Sylvie Demurger, Jeffrey D. Sachs, Wing Thye Woo, Shuming Bao, Gene Chang and Andrew Mellinger
Geography, Economic Policy and Regional Development in China
Abstract | Paper

1951. Simeon Djankov, Rafael La Porta, Florencio Lopez-de-Silanes, and Andrei Shleifer
Courts: The Lex Mundi Project
Abstract | Paper

1952. George-Marios Angeletos and Laurent E. Calvet
Idiosyncratic Production Risk, Growth and the Business Cycle
Abstract | Paper

1953. Nicholas Barberis, Andrei Shleifer, and Jeffrey Wurgler
Comovement
Abstract | Paper

1954. Edward L. Glaeser
The Governance of Not-for Profit Firms
Abstract | Paper

1955. Steve Berry, Oliver B. Linton, and Ariel Pakes
Limit Theorems for Estimating the Parameters of Differentiated Product Demand Systems
Abstract | Paper

1956. Edward L. Glaeser and Andrei Shleifer
The Curley Effect
Abstract | Paper

1957. Philippe Aghion, Alberto Alesina and Francesco Trebbi
Endogenous Political Institutions
Abstract | Paper

1958. Alberto Alesina, Robert J. Barro and Silvana Tenreyro
Optimal Currency Areas
Abstract | Paper

1959. Alberto Alesina, Arnaud Devleeschauwer, William Easterly, Sergio Kurlat and Romain Wacziarg
Fractionalization
Abstract | Paper

1960. Glenn Allison and Drew Fudenberg
Competing Auctions
Abstract | Paper

1961. Drew Fudenberg and David K. Levine
The Nash Threats Folk Theorem With Communication and Approximate Common Knowledge in Two Player Games
Abstract | Paper

1962. Jeffrey Ely, Drew Fudenberg and David K. Levine
When is Reputation Bad?
Abstract | Paper

1963. Laurence Ball and N. Gregory Mankiw
The NAIRU in Theory and Practice
Abstract | Paper

1964. Julie Holland Mortimer
The Effects of Revenue-Sharing Contracts on Welfare in Vertically-Separated Markets: Evidence from the Video Rental Industry
Abstract | Paper

1965. Gene M. Grossman and Elhanan Helpman
Outsourcing versus FDI in Industry Equilibrium
Abstract | Paper

1966. Gene M. Grossman and Elhanan Helpman
Outsourcing in a Global Economy
Abstract | Paper

1967.Edward L. Glaeser, Jose Scheinkman, and Andrei Shleifer
The Injustice of Inequality
Abstract | Paper

1968. Edward L. Glaeser, Bruce I. Sacerdote and Jose A. Scheinkman
The Social Multiplier
Abstract | Paper

1969. Michael Ostrovsky and Michael Schwarz
Coorindation under Uncertainty
Abstract | Paper

1970. Edward L. Glaeser
The Political Economy of Hatred
Abstract | Paper

1971. John Y. Campbell and Tuomo Vuolteenaho
Bad Beta, Good Beta
Abstract | Paper

1972. John Y. Campbell and Motohiro Yogo
Efficient Tests of Stock Return Predictability
Abstract | Paper

1973. John Y. Campbell, George Chacko, Jorge Rodriguez and Luis M. Viceira
Strategic Asset Allocation in a Continuous-Time VAR Model
Abstract | Paper

1974. John Y. Campbell
Consumption-Based Asset Pricing
Abstract | Paper

1975. Alberto Alesina
The Size of Countries: Does it Matter?
Abstract | Paper

1976. Allen N. Berger, Nathan H. Miller, Mitchell A. Petersen, Raghuram G. Rajan and Jeremy C. Stein
Does Function Follow Organizational Form? Evidence From the Lending Practices of Large and Small Banks
Abstract | Paper

1977. Malcolm Baker and Jeremy C. Stein
Market Liquidity as a Sentiment Indicator
Abstract | Paper

1978. Malcolm Baker, Jeremy C. Stein and Jeffrey Wurgler
When Does the Market Matter? Stock Prices and the Investsment of Equity-Dependent Firms
Abstract | Paper

1979. Edward L. Glaeser and Jesse M. Shapiro
The Benefits of the Home Mortgage Interest Deduction
Abstract | Paper

1980. Michael Schwarz
Investment Tournaments: Should a Rational Agent Put All His Eggs in One Basket?
Abstract | Paper

1981. Sendhil Mullainathan and Andrei Shleifer
Media Bias
Abstract | Paper

1982. Michael Schwarz, Edward Lazear and Sherwin Rosen
Russia in Transition
Abstract | Paper

1983. Alberto Alesina and George-Marios Angeletos
Fairness and Redistribution: US versus Europe
Abstract | Paper

1984. N. Gregory Mankiw and Ricardo Reis
What Measure of Inflation Should a Central Bank Target?
Abstract | Paper

1985. Edward L. Glaeser
Does Rent Control Reduce Segregation?
Abstract | Paper

1986. Susanto Basu, John Fernald and Miles Kimball
Are Technology Improvements Contractionary?
Abstract | Paper

1987. Gene M. Grossman and Elhanan Helpman
Managerial Incentives and the Internatonal Organization of Production
Abstract | Paper

1988. Keisuke Hirano and Jack R. Porter
Asymptotic Efficiency in Parametric Structural Models with Parameter-Dependent Support
Abstract | Paper

1989. Jack Porter
Asymptotic Bias and Optimal Convergence Rates for Semiparametric Kernel Estimators in the Regression Discontinuity Model
Abstract | Paper

1990.Alberto Alesina, Silvia Ardagna, Giuseppe Nicoletti and Fabio Schiantarelli
Regulation and Investment
Abstract | Paper

1991. Ariel Pakes
A Reconsideration of Hedonic Price Indexes with an Application to PC's
Abstract | Paper