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Archive of New National Bureau of Economic Research Working Papers and Books

New This Week Archive

• One Reason Countries Pay their Debts: Renegotiation and International Trade
  Andrew K. Rose #8853 (IFM, ITI)
  
• Property Rights and Finance
  Simon Johnson, John McMillan and Christopher Woodruff #8852 (CF)
  
• Ricardian Equivalence with Incomplete Household Risk Sharing
  Shinichi Nishiyama and Kent Smetters #8851 (A, PE)
  
• Markups, Gaps, and the Welfare Costs of Business Fluctuations
  Jordi Gali, Mark Gertler and J. David Lopez-Salido #8850 (EFG, ME)
  
• Industry Dynamics with Adjustment Costs
  Robert E. Hall #8849 (EFG, PR)
  
• Related Lending
  Rafael La Porta, Florencio Lopez-de-Silanes and Guillermo Zamarripa #8848 (CF, IFM)
  
• Imperfect Contract Enforcement
  James E. Anderson and Leslie Young #8847 (ITI)
  
• Globalization and Capital Markets
  Maurice Obstfeld and Alan M. Taylor #8846 (DAE, IFM)
  
• Subsidizing the Stork: New Evidence on Tax Incentives and Fertility
  Kevin Milligan #8845 (CH, PE)
  
• The Impact of Lending, Borrowing, and Anti-Smoking Policies on Cigarette Consumption by Teens
  Brett Katzman, Sara Markowitz and Kerry Anne McGeary #8844 (CH, HE)
  
• The Measure of Man and Older Age Mortality: Evidence from the Gould Sample
  Dora L. Costa #8843 (A, CH, DAE, CS)
  
• Testing Trade Theory in Ohlin's Time
  Antoni Estevadeordal and Alan M. Taylor #8842 (DAE, IFM, ITI)
  
• How Much Should We Trust Differences-in-Differences Estimates?
  Marianne Bertrand, Esther Duflo and Sendhil Mullainathan #8841 (CH, LS, PE)
  
• Removing the Veil of Ignorance in Assessing the Distributional Impacts of Social Policies
  Pedro Carneiro, Karsten T. Hansen and James J. Heckman #8840 (CH, LS, PE, EE)
  
• The Fed and Interest Rates: A High-Frequency Identification
  John H. Cochrane and Monika Piazzesi #8839 (AP, EFG, ME)
  
• Dollarization: Analytical Issues
  Roberto Chang and Andres Velasco #8838 (IFM)
  
• Economic and Financial Crises in Emerging Market Economies: Overview of Prevention and Management
  Martin Feldstein #8837 (IFM, ME, PE)
  

  Chapters for Forthcoming NBER Books

  "The Japanese Experience with Railway Restructuring"
  Fumitoshi Mizutani and Kiyoshi Nakamura
  "Rail Reform Strategies: The Australian Experience"
  Helen Owens
  "Passive Savers and Fiscal Policy Effectiveness in Japan"
  Kenneth N. Kuttner and Adam S. Posen
  Comment by Steve Morgan on "The Long Shadow of Patent Expiration: Generic Entry and Rx to OTC Switches," by Ernst Berndt, Margaret Kyle and Davina Ling
  Comment by Charles Calomiris on "Antitrust Merger Policy: Lessons from the Australian Experience," by Philip Williams and Graeme Woodbridge
  Comment by Simon Johnson on "How to Restructure Failed Banking Systems: Lessons from the U.S. in the 1930s and Japan in the 1990s," by Charles W. Calomiris and Joseph R. Mason
  Comment by Tsuruhiko Nambu on "Using Markets to Help Solve Public Problems," by John McMillan
  Comment by Changqi Wu on "Initial Public Offering and Corporate Governance in China's Transitional Economy," by Chen Chien-Hsun and Shih Hui-Tzu

  ---

• Exploring the Racial Gap in Infant Mortality Rates, 1920-1970
  William J. Collins and Melissa A. Thomasson #8836 (C, HE)
  
• The Impact of Zoning on Housing Affordability
  Edward L. Glaeser and Joseph Gyourko #8835 (PE)
  
• Do Bilateral Tax Treaties Promote Foreign Direct Investment?
  Bruce A. Blonigen and Ronald B. Davies #8834 (ITI, PE)
  
• Direct or Indirect Tax Instruments for Redistribution: Short-run versus Long-run
  Emmanuel Saez #8833 (PE)
  
• Cross-Country Inequality Trends
  Daron Acemoglu #8832 (EFG, LS, PR)
  
• Economic Backwardness in Political Perspective
  Daron Acemoglu and James A. Robinson #8831 (EFG)
  
• Was Jackson Pollock the Greatest Modern American Painter? A Quantitative Investigation
  David W. Galenson #8830 (LS)
  
• Tax Incidence
  Don Fullerton and Gilbert E. Metcalf #8829 (PE)
  
• Global Transmission of Interest Rates: Monetary Independence and Currency Regime
  Jeffrey A. Frankel, Sergio L. Schmukler and Luis Serven #8828 (IFM)
  
• Trade Openness and Investment Instability
  Assaf Razin, Efraim Sadka and Tarek Coury #8827 (ITI)
  
• Rational Asset Prices
  George M. Constantinides #8826 (AP)
  
• Is the Threat of Reemployment Services More Effective than the Services Themselves? Experimental Evidence from the UI System
  Dan A. Black, Jeffrey A. Smith, Mark C. Berger and Brett J. Noel #8825 (LS, PE)
  
• Productivity and the Euro-Dollar Exchange Rate Puzzle
  Ron Alquist and Menzie D. Chinn #8824 (IFM)
  
• A Theory of the Informal Sector
  Yoshiaki Azuma and Herschel I. Grossman #8823 (EFG, PE)
  
• Asset Pricing with Heterogeneous Consumers and Limited Participation: Empirical Evidence
  Alon Brav, George M. Constantinides and Christopher C. Geczy #8822 (AP)
  
• Implementing the Friedman Rule
  Peter N. Ireland #8821 (ME)
  

  Chapters for Forthcoming NBER Books

  Remarks by Jacob Frenkel on "Exchange Rate Regimes"
  Remarks by Jeffrey Sachs on "IMF Stabilization Programs"
  Remarks by Paul Keating on "IMF Structural Programs"
  Remarks by Gerardo della Paolera on "Globalization in Interdisciplinary Perspective"

  ---

• Can Equity and Efficiency Complement Each Other?
  Rebecca M. Blank #8820 (LS, PE)
  
• Innovating Firms and Aggregate Innovation
  Tor Jakob Klette and Samuel Kortum #8819 (PR)
  
• The Health of Nations: The Contribution of Improved Health to Living Standards
  William D. Nordhaus #8818 (EFG, HC, PR)
  
• Health Insurance, Labor Supply, and Job Mobility: A Critical Review of the Literature
  Jonathan Gruber and Brigitte C. Madrian #8817 (A, HC, LS, PE)
  
• Market Liquidity as a Sentiment Indicator
  Malcolm Baker and Jeremy C. Stein #8816 (AP, CF)
  
• Human Capital Formation with Endogenous Credit Constraints
  Lance Lochner and Alexander Monge-Naranjo #8815 (LS)
  
• Partnership and Hold-Up in Early America
  Howard Bodenhorn #8814 (DAE)
  
• Abortion as Insurance
  Phillip B. Levine and Douglas Staiger #8813 (CH, HC, HE)
  
• Medicaid Managed Care: Effects on Children's Medicaid Coverage and Utilization
  Janet Currie and John Fahr #8812 (CH, HC, PE)
  
• Monitoring, Motivation and Management: The Determinants of Opportunistic Behavior in a Field Experiment
  Daniel Nagin, James Rebitzer, Seth Sanders and Lowell Taylor #8811 (LS)
  
• Substance Use and Suicidal Behaviors Among Young Adults
  Sara Markowitz, Pinka Chatterji, Robert Kaestner and Dhaval Dave #8810 (CH, HE)
  
• International Rent Sharing in Multinational Firms
  John W. Budd, Josef Konings and Matthew J. Slaughter #8809 (ITI)
  
• Longevity and Life Cycle Savings
  David E. Bloom, David Canning and Bryan Graham #8808 (A)
  

  Chapters for Forthcoming NBER Books

  Remarks by Paul Keating on IMF Structural Programs
  Introduction, "Means-Tested Transfers in the U.S."
  Robert A. Moffitt
  "The Temporary Assistance for Needy Families Program"
  Robert A. Moffitt
  Comment by Richard Portes on "Does It Pay to Defend Against a Speculative Attack?"
  Barry Eichengreen and Andrew Rose
  Comment by Richard Portes on "Recovery and Sustainability in East Asia"
  Yung Chul Park and Jong Wha Lee
  Comment by Lant Pritchett on "Does Globalization Make the World More Unequal?"
  Peter Lindert and Jeffrey Williamson
  "Recent Developments in the Public Enterprise Sector of Korea"
  Il Chong Nam
  "What Has Been Achieved in the Japanese Telecommunications Industry since 1985?"
  Tsuruhiko Nambu

  ---

• Post-Issue Patent "Quality Control": A Comparative Study of US Patent Re-examinations and European Patent Oppositions
  Stuart J. H. Graham, Bronwyn H. Hall, Dietmar Harhoff and David C. Mowery #8807 (IO, PR)
  
• The Effects of Website Provision on the Demand for German Women's Magazines
  Ulrich Kaiser #8806 (PR)
  
• A Review of IPO Activity, Pricing, and Allocations
  Jay Ritter and Ivo Welch #8805 (CF)
  
• Trade Integration and Risk Sharing
  Aart Kraay and Jaume Ventura #8804 (IFM, ITI)
  
• Highway Franchising and Real Estate Values
  Eduardo Engel, Ronald Fischer and Alexander Galetovic #8803 (IO)
  
• Health Care and the Public Sector
  David M. Cutler #8802 (HC, HE, PE)
  
• What Have Two Decades of British Economic Reform Delivered?
  David Card and Richard B. Freeman #8801 (EFG, LS, PR)
  
• A Rehabilitation of Monetary Policy in the 1950s
  Christina D. Romer and David H. Romer #8800 (DAE, EFG, ME)
  
• Publicly Provided Education
  Eric A. Hanushek #8799 (C, LS, PE, EE)
  
• Unobserved Product Differentiation in Discrete Choice Models: Estimating Price Elasticities and Welfare Effects
  Daniel A. Ackerberg and Marc Rysman #8798 (PR)
  
• Marketization of Production and the US-Europe Employment Gap
  Richard B. Freeman and Ronald Schettkat #8797 (LS)
  
• Quantity Controls, License Transferability, and the Level of Investment
  Kala Krishna, Ling Hui Tan and Ram Ranjan #8796 (ITI)
  
• Uncovered Interest Rate Parity and the Term Structure
  Geert Bekaert, Min Wei and Yuhang Xing #8795 (AP)
  

  ---

  The following are new or updated chapters for forthcoming books:

  Remarks by Mervyn King on industrial country policies
  Introduction, Robert C. Feenstra and Matthew D. Shapiro
  "Using Scanner Data to Improve the Quality of Measurement in the Consumer Price Index"
  William J. Hawkes and Frank W. Piotrowski
  "Scanner Indexes for the CPI"
  David H. Richardson
  "Hedonic Regressions: A Consumer Theory Approach"
  Erwin Diewert
  "Price Index Estimation Using Price Imputation for Unsold Items"
  Ralph Bradley
  "Price Collection and Quality Assurance of Item Sampling in the Retail Prices Index: How Can Scanner Data Help?"
  David Fenwick, Adrian Ball, Mick Silver and Peter H. Morgan

• The Impact of Monetary Policy on Asset Prices
  Roberto Rigobon and Brian P. Sack #8794 (AP, IFM)
  
• Who Underreacts to Cash-Flow News? Evidence from Trading between Individuals and Institutions
  Randolph B. Cohen, Paul A. Gompers and Tuomo Vuolteenaho #8793 (AP, CF)
  
• Within State Transitions from 2-Year to 4-Year Public Institutions
  Ronald G. Ehrenberg and Christopher L. Smith #8792 (C, LS)
  
• Performance Evaluation with Stochastic Discount Factors
  Heber Farnsworth, Wayne E. Ferson, David Jackson and Steven Todd #8791 (AP)
  
• Conditional Performance Measurement Using Portfolio Weights: Evidence for Pension Funds
  Wayne Ferson and Kenneth Khang #8790 (AP)
  
• Stochastic Discount Factor Bounds with Conditioning Information
  Wayne E. Ferson and Andrew F. Siegel #8789 (AP)
  
• Predicting the Equity Premium With Dividend Ratios
  Amit Goyal and Ivo Welch #8788 (AP, CF)
  
• Changes in U.S. Wages 1976-2000: Ongoing Skill Bias or Major Technological Change?
  Paul Beaudry and David A. Green #8787 (LS, PR)
  
• Will You Miss Me When I Am Gone? The Economic Consequences of Absent Parents
  Marianne E. Page and Ann Huff Stevens #8786 (C, LS)
  
• The Fed and the New Economy
  Laurence Ball and Robert Tchaidze #8785 (EFG, ME)
  
• The Impact of Welfare Reform on Living Arrangements
  Marianne P. Bitler, Jonah B. Gelbach and Hilary W. Hoynes #8784 (C, PE)
  
• Self-Validating Optimum Currency Areas
  Giancarlo Corsetti and Paolo Pesenti #8783 (IFM)
  
• Columbus' Egg: The Real Determinant of Capital Structure
  Ivo Welch #8782 (CF)
  
• Exchange Traded Funds: A New Investment Option for Taxable Investors
  James M. Poterba and John B. Shoven #8781 (AP, PE)
  
• How Does Job Loss Affect the Timing of Retirement?
  Sewin Chan and Ann Huff Stevens #8780 (A, LS)
  

• The Life Cycles of Modern Artists
  David W. Galenson #8779 (LS)
  
• The North-South Wage Gap, Before and After the Civil War
  Robert A. Margo #8778 (DAE, LS)
  
• A Theory of Government Regulation of Addictive Bads: Optimal Tax Levels and Tax Incidence for Cigarette Excise Taxation
  Jonathan Gruber and Botond Koszegi #8777 (C, HE, PE)
  
• Family Firms
  Mike Burkart, Fausto Panunzi and Andrei Shleifer #8776 (CF)
  
• A Dual Method of Empirically Evaluating Dynamic Competitive Equilibrium Models with Market Distortions, Applied to the Great Depression and World War II
  Casey B. Mulligan #8775 (EFG, PE)
  
• A Century of Labor-Leisure Distortions
  Casey B. Mulligan #8774 (PE)
  
• The Financing of Research and Development
  Bronwyn H. Hall #8773 (CF, PR)
  
• Social Security, Pensions and Retirement Behavior Within the Family
  Alan L. Gustman and Thomas L. Steinmeier #8772 (A, LS, PE)
  
• Technology and Economic Performance in the American Economy
  Robert J. Gordon #8771 (EFG, PR)
  
• Maternal Employment and Overweight Children
  Patricia M. Anderson, Kristin F. Butcher and Phillip B. Levine #8770 (C, HE)
  
• Skill Biased Technological Change and Rising Wage Inequality: Some Problems and Puzzles
  David Card and John E. DiNardo #8769 (LS)
  
• Technology Shocks and Monetary Policy: Assessing the Fed's Performance
  Jordi Gali, J. David Lopez-Salido and Javier Valles #8768 (EFG, ME)
  
• New Perspectives on Monetary Policy, Inflation, and the Business Cycle
  Jordi Gali #8767 (EFG, ME)
  
• Productivity, Output, and Failure: A Comparison of Taiwanese and Korean Manufacturers
  Bee Yan Aw, Sukkyun Chung and Mark J. Roberts #8766 (PR)
  
• The Need for International Policy Coordination: What's Old, What's New, What's Yet to Come?
  Matthew B. Canzoneri, Robert E. Cumby and Behzad T. Diba #8765 (IFM)
  
• Characteristics, Contracts, and Actions: Evidence from Venture Capitalist Analyses
  Steven N. Kaplan and Per Stromberg #8764 (CF)
  

• Measuring Investment Distortions when Risk-Averse Managers Decide Whether to Undertake Risky Projects
  Robert Parrino, Allen M. Poteshman and Michael S. Weisbach #8763 (CF)
  
• Moore's Law and Learning-By-Doing
  Boyan Jovanovic and Peter L. Rousseau #8762 (PR)
  
• Medicare and Disparities in Women's Health
  Sandra Decker and Carol Rapaport #8761 (HC)
  
• Does Globalization Increase Child Labor? Evidence from Vietnam
  Eric Edmonds and Nina Pavcnik #8760 (ITI, LS)
  
• The Guarantees of Freedom
  Rafael La Porta, Florencio Lopez-de-Silanes, Cristian Pop-Eleches and Andrei Shleifer #8759 (CF, PE)
  
• A Dual Liquidity Model for Emerging Markets
  Ricardo J. Caballero and Arvind Krishnamurthy #8758 (EFG, IFM)
  
• International Labor Economics
  Daniel S. Hamermesh #8757 (LS)
  
• Entry and Asymmetric Lobbying: Why Governments Pick Losers
  Richard E. Baldwin and Frederic Robert-Nicoud #8756 (ITI)
  
• Sources of U.S. Longevity Increase, 1960-1997
  Frank R. Lichtenberg #8755 (HC, PR)
  
• Why has the Employment-Productivity Tradeoff among Industrialized Countries been so strong?
  Paul Beaudry and Fabrice Collard #8754 (LS)
  
• Is a Bird in Hand Worth More than a Bird in the Bush?
  Jeffrey R. Brown and Scott J. Weisbenner #8753 (A, PE)
  
• Does Function Follow Organizational Form? Evidence From the Lending Practices of Large and Small Banks
  Allen N. Berger, Nathan H. Miller, Mitchell A. Petersen, Raghuram G. Rajan and Jeremy C. Stein #8752 (CF)
  
• Did Import Substitution Promote Growth in the Late Nineteenth Century?
  Douglas A. Irwin #8751 (DAE, ITI)
  
• When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms
  Malcolm Baker, Jeremy C. Stein and Jeffrey Wurgler #8750 (AP, CF)
  
• The Temporary Assistance for Needy Families Program
  Robert A. Moffitt #8749 (C, LE, PE)
  
• Why Are Rates of Inflation So Low After Large Devaluations?
  Ariel Burstein, Martin Eichenbaum and Sergio Rebelo #8748 (EFG, IFM, ME)
  

  ---

  The following are new or updated chapters for forthcoming books:

  Remarks by Mervyn King on industrial country policies
  Introduction, Robert C. Feenstra and Matthew D. Shapiro
  "Using Scanner Data to Improve the Quality of Measurement in the Consumer Price Index"
  William J. Hawkes and Frank W. Piotrowski
  "Scanner Indexes for the CPI"
  David H. Richardson
  "Hedonic Regressions: A Consumer Theory Approach"
  Erwin Diewert
  "Price Index Estimation Using Price Imputation for Unsold Items"
  Ralph Bradley
  "Price Collection and Quality Assurance of Item Sampling in the Retail Prices Index: How Can Scanner Data Help?"
  David Fenwick, Adrian Ball, Mick Silver and Peter H. Morgan

• The New Systems Competition
  Hans-Werner Sinn #8747 (PE)
  
• Information Aggregation, Security Design and Currency Swaps
  Bhagwan Chowdhry, Mark Grinblatt and David Levine #8746 (AP)
  
• Tax-Loss Trading and Wash Sales
  Mark Grinblatt and Matti Keloharju #8745 (AP, PE)
  
• What Do We Really Know About the Cross-Sectional Relation Between Past and Expected Returns?
  Mark Grinblatt and Tobias J. Moskowitz #8744 (AP)
  
• Productivity, Computerization, and Skill Change
  Edward N. Wolff #8743 (PR)
  
• Mortality Change, the Uncertainty Effect, and Retirement
  Sebnem Kalemli-Ozcan and David N. Weil #8742 (A, EFG, PE)
  
• New Evidence about Brown v. Board of Education: The Complex Effects of School Racial Composition on Achievement
  Eric A. Hanushek, John F. Kain and Steven G. Rivkin #8741 (C, PE, EE)
  
• The Q-Theory of Mergers
  Boyan Jovanovic and Peter L. Rousseau #8740 (AP, CF, EFG, PR)
  
• Interpreting the Tariff-Growth Correlation of the Late Nineteenth Century
  Douglas A. Irwin #8739 (DAE, ITI)
  
• Default, Currency Crises and Sovereign Credit Ratings
  Carmen M. Reinhart #8738 (IFM)
  
• Existence and Persistence of Price Dispersion: an Empirical Analysis
  Saul Lach #8737 (IO, PR)
  
• Time Series Decomposition and Measurement of Business Cycles, Trends and Growth Cycles
  Victor Zarnowitz and Ataman Ozyildirim #8736 (EFG)
  
• Retirement Consumption: Insights from a Survey
  John Ameriks, Andrew Caplin and John Leahy #8735 (EFG)
  
• The Disposition Effect and Momentum
  Mark Grinblatt and Bing Han #8734 (AP)
  
• Constitution or Conflict?
  Herschel I. Grossman #8733 (EFG)
  
• Controlling the Cost of Minimum Benefit Guarantees in Public Pension Conversions
  Kent Smetters #8732 (A, PE)
  
• Guaranteeing Defined Contribution Pensions: The Option to Buy-Back a Defined Benefit Promise
  Marie-Eve Lachance, Olivia S. Mitchell and Kent Smetters #8731 (A, AP, LS, PE)
  
• Economic Effects of Means-Tested Transfers in the U.S.
  Robert Moffitt #8730 (C, PE)
  
• Do Industrial Relations Institutions Impact Economic Outcomes?: International and U.S. State-Level Evidence
  Morris M. Kleiner and Hwikwon Ham #8729 (LS)
  
• Outsourcing in a Global Economy
  Gene M. Grossman and Elhanan Helpman #8728 (ITI)
  
• Make Versus Buy in Trucking: Asset Ownership, Job Design and Information
  George P. Baker and Thomas N. Hubbard #8727 (IO, LS)
  

• Is the Technology-Driven Real Business Cycle Hypothesis Dead?
  Neville Francis and Valerie A. Ramey #8726 (EFG)
  
• The Responsiveness of Consumer Prices to Exchange Rates And the Implications for Exchange-Rate Policy: A Survey Of a Few Recent New Open-Economy Macro Models
  Charles Engel #8725 (IFM)
  
• Does Inward Foreign Direct Investment Boost the Productivity of Domestic Firms?
  Jonathan E. Haskel, Sonia C. Pereira and Matthew J. Slaughter #8724 (ITI, PR)
  
• Suggested Subsidies are Sub-optimal Unless Combined with an Output Tax
  Don Fullerton and Robert D. Mohr #8723 (PE, ENV)
  
• Measuring Organization Capital
  Andrew Atkeson and Patrick J. Kehoe #8722 (EFG, PR)
  
• Optimal Interest Rate Policy in a Small Open Economy
  Eric Parrado and Andres Velasco #8721 (IFM)
  
• Voter Turnout: Theory and Evidence from Texas Liquor Referenda
  Stephen Coate and Michael Conlin #8720 (PE)
  
• Do We Need CAPM for Capital Budgeting?
  Ravi Jagannathan and Iwan Meier #8719 (AP, CF)
  
• Social Security Expectations and Retirement Savings Decisions
  Jeff Dominitz, Charles F. Manski and Jordan Heinz #8718 (A, PE)
  
• Charles Goodhart's Contributions to the History of Monetary Institutions
  Michael D. Bordo and Anna J. Schwartz #8717 (DAE, ME)
  
• Crises Now and Then: What Lessons from the Last Era of Financial Globalization?
  Barry Eichengreen and Michael D. Bordo #8716 (DAE, IFM, ME)
  
• A Reconsideration of Hedonic Price Indices with an Application to PC's
  Ariel Pakes #8715 (IO, PR)
  
• The Wealth of Nations: Fundamental Forces Versus Poverty Traps
  David E. Bloom, David Canning and Jaypee Sevilla #8714 (EFG)
  
• Technological Diffusion, Conditional Convergence, and Economic Growth
  David E. Bloom, David Canning and Jaypee Sevilla #8713 (EFG, PR)
  
• The Variety and Quality of a Nation's Trade
  David Hummels and Peter J. Klenow #8712 (EFG, ITI)
  
• Private Benefits of Control: An International Comparison
  Alexander Dyck and Luigi Zingales #8711 (CF)
  

• The Medium Run Effects of Educational Expansion: Evidence from a Large School Construction Program in Indonesia
  Esther Duflo #8710 (C)
  
• Do Low-Income Housing Subsidies Increase Housing Consumption?
  Todd Sinai and Joel Waldfogel #8709 (PE)
  
• Entrepreneurship in International Trade
  James E. Rauch and Joel Watson #8708 (ITI)
  
• How Migration Restrictions Limit Agglomeration and Productivity in China
  Chun-Chung Au and Vernon Henderson #8707 (PR)
  
• Disinflation and Fiscal Reform: A Neoclassical Perspective
  Roberto Rigobon #8706 (IFM)
  
• When Do Firms Shift Production Across States to Avoid Environmental Regulation?
  Wayne B. Gray and Ronald J. Shadbegian #8705 (PE, ENV)
  
• International Protection of Intellectual Property
  Gene Grossman and Edwin L.-C. Lai #8704 (ITI)
  
• Optimal Defaults for Corporate Law Evolution
  Lucian Arye Bebchuk and Assaf Hamdani #8703 (LE)
  
• Are There Differential Effects of Price and Policy on College Students' Drinking Intensity?
  Jenny Williams, Frank J. Chaloupka and Henry Wechsler #8702 (C, HE)
  
• Network Effects, Congestion Externalities, and Air Traffic Delays: Or Why All Delays Are Not Evil
  Christopher Mayer and Todd Sinai #8701 (PE)
  
• Asset Prices in the Measurement of Inflation
  Michael F. Bryan, Stephen G. Cecchetti and Róisín O'Sullivan #8700 (AP, ME)
  
• Mental Illness and the Demand for Alcohol, Cocaine and Cigarettes
  Henry Saffer and Dhaval Dave #8699 (HE)
  
• Dividend Policy inside the Firm
  Mihir A. Desai, C. Fritz Foley and James R. Hines Jr. #8698 (CF, ITI, PE)
  
• Is More Information Better? The Effects of ‘Report Cards' on Health Care Providers
  David Dranove, Daniel Kessler, Mark McClellan and Mark Satterthwaite #8697 (A, HC)
  

  ---

  The following are new or updated chapters for forthcoming books:

  Remarks by Anne O. Krueger, "Costs and Benefits of Globalization"
  Comments by Kyoji Fukao on "Using Markets to Help Solve Public Problems," by John McMillan and "Banks, Bailout Guarantees and Risky Debt," by Aaron Tornell
  "Thinking Straight About the Taxation of Electronic Commerce: Tax Principles, Compliance Problems, and Nexus"
  Charles E. McLure, Jr.
  "Defined Contribution Pensions: Plan Rules, Participant Decisions and the Path of Least Resistance"
  James J. Choi, David Laibson, Brigitte C. Madrian and Andrew Metrick
  "Korean Economic Crisis and Corporate Governance System"
  Sung Wook Joh
  "Financial Liberalization, Bailout Guarantees and Growth"
  Aaron Tornell

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