Staff

Administrative Assistant: Terry Fisher
585-275-3686
tmfi@troi.cc.rochester.edu

Secretary: Marla Colasanto
585-273-4901
mrla@troi.cc.rochester.edu

WORKING PAPERS

This is a list of RCER Working Papers from 1996 to the present. For a list of the papers from 1991 to 1995, click here. See below for ordering information.

#414: "Matching Human Capital and Displacement,"
Chari, V.V. and Hugo A. Hopenhayn, February 1996.
#415: "Macroeconomic Effects of Employment Reallocation,"
Campbell, Jeffrey R. and Kenneth N. Kuttner, March 1996. Abstract
#416: "Robust Semiparametric Estimation in the Presence of Heterogeneity of Unknown Form,"
Hodgson, Douglas J., April 1996.
#417: "Writing Papers,"
Thomson, William, June 1996.
#418: "Consistent Allocation Rules,"
Thomson, William, June 1996. Abstract
#419: "Collinearity and Two-step Estimatino of Sample Selection Models: Problems, Origins, and Remedies,"
Leung, Siu Fai and Shihti Yu, June 1996.
#420: "Long-Run Implications of Investment Specific Technological Change,"
Greenwood, Jeremy, Zvi Hercowitz, and Per Krusell, June 1996. Abstract
#421: "Optimal Unemployment Insurance,"
Hopenhayn, Hugo and Juan Pablo Nicolini, July 1996.
#422: "Policy Variability and Economic Growth,"
Hopenhayn, Hugo and Maria E. Muniagurria, July 1996.
#423: "Two Derivations of the Uniform Rule and an Application to Bankruptcy,"
Schummer, James and William Thomson, July 1996.
#424: "Assessing the Effects of School Resources on Student Performance: An Update,"
Hanushek, Eric A., August 1996.
#425: "Technology for Sale,"
Beladi, Hamid, Ronald W. Jones and Sugata Marjit, August 1996.
#426: "A Strong Incompatibility Between Efficiency and Equity in Non-Convex Economies,"
Maniquet, François, August 1996.
#427: "On the Optimality of Interest Rate Smoothing,"
Rebelo, Sergio and Danyang Xie, September 1996.
#428: "What Inventory Behavior Tells Us About Business Cycles,"
Bills, Mark and James A. Kahn, September 1996.
#429: "1974,"
Greenwood, Jeremy and Mehmet Yorukoglu, September 1996. Abstract
#430: "Aggregate Employment Fluctuations with Microeconomic Asymmetries,"
Campbell, Jeffrey R.Campbell and Jonas D.M. Fisher, September 1996.
#431: "Monotonic Extensions on Economic Domains,"
Thomson, William, September 1996.
#432: "Vertical Markets in International Trade,"
Jones, Ronald W., October 1996.
#433: "Finite Horizons, Political Economy, and Growth,"
Kahn, James A., and Jong-Soo Lim, October 1996.
#434: "Education, Political Instability, and Growth,"
Kahn, James A., October 1996.
#435: "The Third Industrial Revolution,"
Greenwood, Jeremy, October 1996. Abstract
#437: "Skilled Labor-Augmenting Technical Progress in U.S. Manufacturing,"
Kahn, James A., and Jong-soo Lim, February 1997.
#438: "Beyond Balanced Growth,"
Kongsamut, Piyabha, Sergio Rebelo and Danyang Xie, April 1997.
#439: "Optimal Dynamic Lending Contracts with Imperfect Enforceability,"
Albuquerque, Rui and Hugo A. Hopenhayn, April 1997. PDF Version
#440: "The Bricks of an Empire 1415-1999: 585 Years of Portuguese Emigration"
das Neves, Joao Cesar, and Stanley L. Engerman, June 1997.
#441: "What Happens When Countries Peg Their Exchange Rates? (The Real Side of Monetary Reforms"
Rebelo, Sergio, August 1997.
#442: "Semiparametric Efficient Estimation in Time Series"
Hodgson, Douglas J., August 1997.
# 443: "On the Determinants of Economic Growth"
Rebelo, Sergio, August 1997.
#444: "The Replacement Problem"
Cooley, Thomas F., Greenwood, Jeremy, and Mehmet Yorukoglu, August 1997.PDF Version
#445: "On the Axiomatic Method Part I: A User's Guide,"
Thomson, William , November 1997.
#446: "On the Axiomatic Method Part II: Its Scope and Recent Applications to Game Theory and Resource Allocation,"
Thomson, William, November 1997.
#447: "Turnpikes,"
McKenzie, Lionel W., January 1998.
#448: "Consistency and Its Converse: An Introduction,"
Thomson, William, February 1998.
#449: "The Role of Investment-Specific Technological Change in the Business Cycle"
Greenwood, Jeremy, Hercowitz, Zvi, Krusell, Per, May 1998. PDF Version
#450: "Constrained Egalitarianism: A New Solution For Claims Problems,"
Chun, Youngsub, James Schummer, and William Thomson, July 1998.
#451: "Guidelines on Writing Referee Reports,"
William Thomson, July 1998.
#452: "A Revelation Principle for Competing Mechanisms,"
Epstein, Larry G., and Michael Peters, July 1998. PDF Version
#453: "A Definition of Uncertainty Aversion,"
Epstein, Larry G., July 1998. PDF Version
#454: "On The Dynamics of Trade Reform,"
Rui Albuquerque and Sergio Rebelo, July 1998.
#455: "Economies With Public Goods: An Elementary Geometric Exposition,"
William Thomson, August 1998.
#456: "Subjective Probabilities On Subjectively Unambiguous Events,"
Larry G. Epstein and Jiankang Zhang, October 1998. PDF Version
#457: "Measuring the Rate of Technological Progress in Structures,"
Michael Gort, Jeremy Greenwood, and Peter Rupert, October 1998.
#458: "Prospective Deficits and the Asian Currency Crisis,"
Craig Burnside, Martin Eichenbaum, and Sergio Rebelo, November 1998.
#459: "The First Conferences on the Theory of Economic Growth,"
Lionel McKenzie, January 1999. PDF Version
#460: "The IT Revolution and the Stock Market,"
Jeremy Greenwood and Boyan Jovanovic, January 1999. PDF Version
#461: "Hedging and Financial Fragilities in Fixed Exchange Rate Regimes,"
Craig Burnside, Martin Eichenbaum and Sergio Rebelo, May 1999. PDF Version
#462: "On the State of the Union,"
S.Rao Aiyagari, Jeremy Greenwood and Nezih Guner, June 1999.
#463: "Bidding Rings in repeated Auctions,"
Andrzej Skrzypacz and Hugo Hopenhayn, July 1999. PDF Version
#464: "Are Probabilities Used in Markets?,"
Larry G.Epstein, August 1999. PDF Version
#465: "Education, Work, and Crime: Theory and Evidence,"
Lance Lochner, October 1999. PDF Version
#466: "Women on Welfare: A Macroeconomic Analysis,"
Jeremy Greenwood, Nezih Guner and John A. Knowles, January 2000. PDF Version
#467: "Resuscitating Real Business Cycles,"
Robert G.King and Sergio T.Rebelo, January 2000. PDF Version
#468: "On the Fundamentals of Self-Fulfilling Speculative Attacks,"
Craig Burnside, Martin Eichenbaum and Sergio T.Rebelo, January 2000. PDF Version
#469: "The Core of Large differentiable TU-Games,"
Larry G.Epstein and Massimo Marinacci, April 2000. PDF Version
#470: "Measuring the Degree of Currency Misalignement Using Offshore Forward Exchange Rates: The Case of the Korean Financial Crisis,"
Daekun Park and Changyong Rhee, May 2000. PDF Version
#471: "Macroeconomic Impacts of the Korean Financial Crisis: Comparison with the Cross-country Patterns,"
Jong-Wha Lee and Changyong Rhee, May 2000. PDF Version
#472: "Higher Education Subsidies and Heterogeneity, A Dynamic Analysis,"
Elizabeth M. Caucutt and Krishna B. Kumar, May 2000. PDF Version
#473: "Distribution Costs and Real Exchange Rate Dynamics During Exchange-Rate- Based-Stabilizations,"
Ariel T. Burstein, Joao C. Neves and Sergio Rebelo, May 2000. PDF Version
#474: "Ambiguity, Risk and Asset Returns in Continuous Time,"
Zengjing Chen and Larry G. Epstein , July 2000. PDF Version
#475: "Accounting for Growth,"
Jeremy Greenwood and Boyan Jovanovic, July 2000. PDF Version
#476: "Signaling Quality by Delaying Sales,"
Francesco Squintani, October 2000. PDF Version
#477: "Optimal Contracts under Generalized Verifiability Correspondences,"
Francesco Squintani, January 2001. PDF Version
#478: "Two-Person Dynamic Equilibrium under Ambiguity,"
Larry G. Epstein and Jianjun Miao, January 2001. PDF Version
#479: "Equilibrium Unemployment,"
Joao Gomes, Jeremy Greenwood and Sergio Rebelo, February 2001. PDF Version
#480: "A Few Humble Observations on Overconfidence and Equilibrium,"
Francesco Squintani, April 2001. PDF Version
#481: "Efficient Investment in Children,"
S.Rao Aiyagari, Jeremy Greenwood and Ananth Seshadri, May 2001. PDF Version
#482: "On the Fiscal Implications of Twin Crises,"
Craig Burnside, Martin Eichenbaum and Sergio T.Rebelo, May 2001. PDF Version
#483: "A Theoretical and Empirical Study of Individual Perceptions of the Criminal Justice System,"
Lance Lochner, June 2001. PDF Version
#484: "Backward induction and Model Deterioration,"
Francesco Squintani, July 2001. PDF Version
#485: "Recursive Multiple-Priors,"
Larry G. Epstein and Martin Schneider, August 2001. PDF Version
#486: "Why Are Rates of Inflation So Low After Large Devaluations?,"
Ariel Burstein, Martin Eichenbaum and Sergio Rebelo, January 2002. PDF Version
#487: "The US Demographic Transition,"
Jeremy Greenwood and Ananth Seshadri, January 2002. PDF Version
#488: "Mobility and the Return to Education: Testing a Roy Model with Multiple Markets,"
Gordon B. Dahl, February 2002. PDF Version
#489: "More on Mariage, fertility and the Distribution of Income,"
Jeremy Greenwood, Nezih Gunner and John A. Knowles, March 2002. PDF Version
#490: "Does Stockholding Provide Perfect Risk Sharing?,"
M. Fatih Guvenen, May 2002. PDF Version
#491: "Reconciling Conflicting Evidence on the Elasticity of Intertemporal Substitution: A Macroeconomic Perspective,"
M. Fatih Guvenen, May 2002. PDF Version
#492: "A Theory of Financing Constraints and Firm Dynamics,"
Gian Luca Clementi and Hugo Hopenhayn, June 2002. PDF Version
#493: "Optimal Lending Contracts and Firm Dynamics,"
Rui Albuquerque and Hugo Hopenhayn, June 2002. PDF Version
#494: "Individual Accountability in Teams,"
Leslie M. Marx and Francesco Squintani, June 2002. PDF Version
#495: "Pairwise Comparison Estimation of Censored Transformation Models,"
Shakeeb Khan and Elie Tamer, October 2002. PDF Version

Ordering Information

Three (3) papers per year will be provided free of charge. Each additional paper will require a $5.00 service fee which must be enclosed with your order. Annual subscriptions (January 1 to December 31 only) are also available for a $100.00 fee. All checks must be in US funds and drawn on a US bank.

If you wish to order more than three papers or to obtain an annual subscription, you must mail a paper form with payment. If you are ordering no more than your first three papers for this year, you may use either the paper form, or our electronic form.