INTERNATIONAL ECONOMIC REVIEW VOLUME 43 2002 Published jointly by the Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association INTERNATIONAL ECONOMIC REVIEW VOLUME 43 2002 Published jointly by the Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association INDEX ALBRECHT, JAMES AND SUZANNE VROMAN A Matching Model with En- dogenous Skill Requirements ARMANTIER, OLIVIER Deciding between the Common and Private Values Paradigm: An Application to Experimental Data Bac, MEHMET = On the Informational Content of Wage Offers BALLoccHI, Guiseppe. See Gencay, Ramazan BARUT, YASAR, DAN KOVENOCK, AND CHARLES NoussAiR A Comparison of Multiple-Unit All-Pay and Winner-Pay Auctions under Incomplete Information BENCIVENGA, VALERIE, R. ELISABETH HUYBENS AND Bruce D. SMITH What to Stabilize in the Open Economy? 1289 BERENTSEN, ALEKSANDER On the Distribution of Money Holdings in a Random-Matching Model 945 Boapway, Rosin, KATHERINE CUFF, AND NICOLAS MARCEAt Inter- Jurisdictional Competition for Firms 761 BowLus, AupRA J. AND Zvi Eckstein — Discrimination and_ Skill Differences in an Equilibrium Search Model 1309 BRECHER, RICHARD A., ZHIOQI CHEN, AND EHSAN U. CHoupHRI Unem- ployment and Growth in the Long Run: An Efficiency-Wage Model with Optimal Savings BRUECKNER, JAN K., JACQUES-FRANCOIS THISSE, AND YVES ZENOU Local Labor Markets, Job Matching and Urban Location Brusco, SANDRO ~—-—U nique Implementation of Action Profiles: Necessary and Sufficient Conditions DacoroGna, MIcHEL M. See Gencay, Ramazan Capra, C. Monica, JAcoB K. GOEREE, ROSARIO GOMEZ, AND CHARLES A. Horr Learning and Noisy Equilibrium Behavior in an Experimental Study of Imperfect Price Competition CASELLA, ALESSANDRA AND JONATHAN S. FEINSTEIN Public Goods in Trade: On the Formation of Markets and Clubs Caucutt, ELiIzABETH M. — Educational Vouchers When There Are Peer Group Effects—Size Matters CECCHETTI, STEPHEN G., NELSON C. MARK, AND ROBERT SONORA Price Level Convergence Among United States Cities: Lessons for the European Central Bank CHaAbeE, HEcToR AND Gustavo VENTURA — Taxes and Marriage: A Two- Sided Search Analysis Cue, YEON-Koo — The Economics of Collective Negotiation in Pretrial Bargaining CHEN, ZHIQ!1. See Brecher, Richard A. Cuo1, Jay Pt A Dynamic Analysis of Licensing: The “Boomerang” Effect and Grant-Back Clauses CHOUDHRI, EHSAN U. See Brecher, Richard A. Cooper, RUSSELL AND THOMAS W. Ross _ Bank Runs: Deposit Insurance and Capital Requirements INDEX CorDeELLo, Tito Intertemporal Cournot and Walras Equilibria: An Illustration Cox, JAMes C., THEO OFFERMAN, MARK A. OLSON, AND ARTHUR J. H. C. ScHRAM Competition For versus On the Rails: A Laboratory Experiment CurF, KATHERINE. See Boadway, Robin Datta, MANuIRA. See Cordella, Tito Datta, MANJIRA, LEONARD J. MIRMAN AND Epwarpb J. SCHLEE = Optimal Experimentation in Signal Dependent Decision Problems 577 Dre WAEGENAERE, A., H. POLEMARCHAKIS, AND L. VENTURA — Asset Mar- 857 kets and Investment Decisions DuBRA, JUAN AND Ere A.OK — A Model of Procedural Decision Making in the Presence of Risk 1053 Durry, JOHN AND JACK Ocus __ Intrinsically Worthless Objects as Media of Exchange: Experimental Evidence 637 EcksTEIN, Zvi. See Bowlus, Audra J. ENGERS, MAXIM AND STEVEN STERN Long-Term Care and Family Bargaining FALvEY, Rop AND GeorF REED — Rules of Origin as Commercial Policy Instruments FEINSTEIN, JONATHAN S. — See Casella, Alessandra GENCAY, RAMAZAN, GIUSEPPE BALLOCCHI, MICHEL M. DACOROGNA, RICHARD OLSEN, AND OLIVIER V. PicreT Real-Time Trading Models and the Statistical Properties of Foreign Exchange Rates GoeREE, JAcoB K. See Capra, Monica C. Gon, AI-TING AND JACQUES OLIVIER — Optimal Patent Protection in a Two- Sector Economy ~ Gomez, Rosario. See Capra, Monica C. HEAD, ALLEN C. Aggregate Fluctuations with National and Interna- tional Returns to Scale Hour, CHARLES A. — See Capra, Monica C. Hopkins, ED AND RoBert M. Seymour _ The Stability of Price Dispersion under Seller and Consumer Learning HuyYBENS, ELISABETH. See Bencivenga, Valerie INOUE, ATSUSHI AND Lutz KILIAN — Bootstrapping Smooth Functions of Slope Parameters and Innovation Variances in VAR (co) Models JANEBA, ECKHARD Attracting FDI in a Politically Risky World JANSSEN, MAARTEN C. W. AND SANTANU Roy Dynamic Trading in a Durable Good Market with Assymetric Information JEONG, BYEONGJU Policy Uncertainty and Long-Run Investment and Output Across Countries Jouri, ALOK AND JOHN LEACH Middlemen and the Allocation of Heterogeneous Goods KILIAN, Lutz. See Inoue, Atsushi KOCHERLAKOTA, NARAYANA — The Two-Money Theorem INDEX KOEBEL, BERTRAND Can Aggregation across Goods Be Achieved by Neglecting the Problem? Property Inheritance and Aggregation Bias KOLeV, DoBRIN R. AND THOMASJ .P RUSA = Dumpinagn d Double Crossing: The (In)Effectiveness of Cost-Based Trade Policy under Incomplete Information KoveENOcK, DAN. — See Barut, Yasar Leach, JoHN. See Johri, Alok Marceau, NicoLtas. See Boadway, Robin Mark, NetsonC. See Cecchetti, Stephen G. MIRMAN, LEONARD J. See Datta, Manjira Mortensen, DALE T. AND RANDALL WRIGHT Competitive Pricing and Efficiency in Search Equilibrium NoussaAiR, CHARLES. See Barut, Yasar Ocus, Jack. See Duffy, John OFFERMAN, THEO. See Cox, James C. Ox, Ere A. See Dubra, Juan Ouivier, Jacgues. See Goh, Ai-Ting OLSEN, RICHARD. See Gencay, Ramazan Oxtson, MARK A. — See Cox, James C. OTTAVIANO, GIANMARCO, TAKATOSHI TABUCHI, AND JACQUES-FRANCOIS TuissE Agglomeration and Trade Revisited PASTINE, IVAN AND TUVANA PASTINI Consumption Externalities, Coordi- nation, and Advertising PasTINE, TUVANA. See Pastine, Ivan Perry, Motry AND DANIEL R. VINCENT | The Optimal Timing of Procure- ment Decisions and Patent Allocations Pictet, OLIviER V. See Gencay, Ramazan POLEMARCHAKIS, H. See De Waegenaere, A. PosTEL-VINAY, FABIEN The Dynamics of Technological Unemployment POsTEL-VINAY, FABIEN AND JEAN-MARC Rosin _ The Distribution of Earn- ings in an Equilibrium Search Model with State-Dependent Offers and Counteroffers 989 Prusa, THoMAS J. See Kolev, Dobrin R. Reeb, Georr. See Falvey, Rod REDDING, STEPHEN Path Dependence, Endogenous Innovation, and Growth Rosin, JEAN-Marc. See Postel-Vinay, Fabien Ross, THomaAs W. — See Cooper, Russell Roy, SANTANU. — See Janssen, Maarten C. W. Savio, TArsuyOsH! —_I ntroduction to the Mini-Symposium on New Devel- opments in Experimental Economics SATTINGER, MICHAEL A Queuing Model of the Market for Access to Trading Partners SCHLEE, EpwArpD J. See Datta, Manjira SCHLUTER, CHRISTIAN AND MARK TREDE __ Statistical Inference for Inequal- ity and Poverty Measurement with Dependent Data iV INDEX SCHRAM, ARTHUR J.H.C. — See Cox, James C. SEYMOUR, Ropert M. See Hopkins, Ed SHARMA, SUBHASH — The Morishima Elasticity of Substitution for the Vari- able Profit Function and the Demand for Imports in the US SHI, SHOUYONG — Product Market and Size-Wage Differential SMITH, BRUCE D. — See Bencivenga, Valerie SONORA, ROBERT. See Cecchetti, Stephen G. STERN, STEVEN. See Engers, Maxim TABUCHI, TAKATOSHI. See Ottaviano, Gianmarco THISSE, JACQUES-FRANCOIS. See Ottaviano, Gianmarco and Brueckner, Jan K. TreDE, MARK. See Schluter, Christian VAN DER KLAAUW, WILBERT Estimating the Effect of Financial Aid Offers on College Enrollment: A Regression—Discontinuity Approach VeNTURA, Gustavo. See Chade, Hector VeNTURA,L. See De Waegenaere, A. VERCAMMEN, JAMES _Welfare-Improving Adverse Selection in Credit Markets VINCENT, DANIEL R. — See Perry, Motty VROMAN, SUZANNE. — See Albrecht, James WRIGHT, RANDALL. | See Mortensen, Dale T. ZABOINIK, JAN A Theory of Trade Secrets in Firms ZENOU, YvVES. See Brueckner, Jan K.