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1989 - 1994 Working Papers

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431
How High can Inflation Get During Hyperinflation? A Liquidity Costs Demand for Money Approach
(December 1994)
J. Vazquez

430
The Credibility of the United Kingdom's Commitment to the ERM: Intentions versus Actions
(December 1994)
P.R. Masson 

429
Oligopolistic Services and Cost Function Estimation
(November 1994)
O. Toivanen 

428
Fiscal Policy, Adjustment Costs and Endogenous Growth
(September 1994)
S.T. Turnovsky

427
The Golden Age of Economic Growth in Western Europe 1950-73
(August 1994)
N.F.R. Crafts

426
Bayesian Analysis of Integration at Different Frequences in Quarterly Data
(August 1994)
G. Amisano

425
Increasing Returns-to-Scale Evasion Technologies and Optimal Commodity Taxation
(August 1994)
K.A. Scharf

424
Information Acquisition and Nominal Price Adjustment
(June 1994)
T.M. Anderson and M. Hviid

423
Trend Growth in British Industrial Output, 1700-1913: A Reappraisal
(May 1993)
N.F.R. Crafts and T.C. Mills

422
Do Low-Price Guarantee Facilitate Collusion?
(May 1994)
M. Hviid and G. Shaffer 

421
Measuring the Degree and Isolating Determinants of Technical and Allocative Efficiency of Wheat Farmers in the Indian Village of Palanpur
(April 1994)
A. Croppenstedt 

420
Cotton Textiles and Industrial Output Growth During the Industrial Revolution
(February 1994)
C.K. Harley and N.F.R. Crafts

419
The Size and the Power of Unit Root Rests Against Fractional Alternatives: A Monte Carlo Investigation
(February 1994)
S. Yadav and J Smith

418
An error Correction Monetary Model Explaining the Inflationary Process in Turkey
(December 1993)
R. DeSantis

417
Nominal Rigidity and Monetary Uncertainty  (November 1993)
N. Rankin 

416
Sequental-Decision Making and the Measure of Technical and Allocative Efficiency in the Indian Village of Palanpur
(October 1993)
A. Croppenstedt

415
British Economic Growth 1760 - 1913: A Challenge for New Growth Theory 
(July 1993)
N.F.R. Crafts

414
Technological Leadership and Productivity in Manufacturing Since the Industrial Revolution: Implications for the Convergence Debate
(June 1993)
S. Broadberry 

413
Behind the Market Facade: An Assessment and Development of the Theory of the Firm
(June 1993)
K. Cowling and R. Sugden 

412
Policy Efficiency in a Model of Lobbying and Voting
(June 1993)
D. Clark and J. Thomas

411
Adjusting from War to Peace in 1940s Britain
(June 1993)
N.F.R. Crafts

410
Top Pay, Company Performance and Corporate Governance
(June 1993)
M.J. Conyon and D. Leech

409
Welfare Maximising Balanced-Budget Provision of Congestible and Excludable Jointly-Consumed Goods: Separating Allocative Efficiency from Distribution
(May 1993)
C.D. Fraser

408
Monetary Uncertainty in Discrete-Time-Utility-of-Money Models
(April 1993)
N. Rankin 

407
On Measuring Inefficiency with Public Goods: An Input-Oriented Approach
(March 1993)
M. Bordignon

406
Do Government Subsidies Increase the Private Supply of Public Goods?
(February 1993)
J. Andreoni and T. Bergstrom

405
Labour Supply, Household Production and Intra-Family Welfare Distribution
(January 1993)
P.F. Apps and R. Rees

404
The Role and Significaance of Japanese Industrial Policy - It's Estimation and Recent Issue
(March 1993)
Y. Kobayashi 

403
An Inquiry into Deindustrialisation in the UK: The Transition to a Service-Oriented Economy
((February 1993)
G. Matsumoto

402
Ownership, An Inaugural Lecture
(February 1993)
C. Mayer

401
Should Bank Branching be Regulated? Theory and Empirical Evidence from Four European Countries
(January 1993)
F.A. Schmid

400
Japanese Manufacturing Transplants: The Case for regulation
(December 1992)
K. Williams, C. Haslam, J. Williams, A. Adcroft and S. Johal 

399
Comparative Productivity in British and American Manufacturing During the Nineteenth Century
(October 1992)
S. Broadberry

398
The UK Poll Tax and the Declining Electoral Roll: Unintended Consequences? (October 1992)
J. Smith and I. McLean 

397
Incentives to Support the Public Sector Under Oligopoly
(October 1992)
J. Willner 

396
Endogenous Growth and Overlapping Generations in a Model of Monopolostic Competition with Deterred Entry
(September 1992)
G. Femminis

395
Capitalists and Workers: Knowledge and the Strategic Role of Investment Within the Firm
(August 1992)
G. Stewart

394
Why Have a Target Zone
(August 1992)
P. Krugman and M. Miller

393
Manufacturing and the Convergence Hypothesis: What the Long Run Data Show (June 1992)
S. Broadberry

392
The Russian and Soviet Economies in Two World Wars: A Comparative View
(1991)
P. Gatrell and M. Harrison

391
Export Subsidies as Signals of Competitiveness
(1991)
D. Collie and M. Hviid

390
Norms, Soverignty and Regulation
(1991)
K. Cowling and R. Naylor

389
On Limiting the Market for Single Status Signals
(1991)
N.J. Ireland

388
Short-run and Long-run Effects of Devaluation in a Macromodel of Imperfect Competition
(1991)
R. Rivera Campos 

387
Imperfect Competition and Macroeconomics: A Survey (1991)
H. Dixon and N. Rankin

386
Courtship as a Waiting Game
(1991)
T. Bergstrom and M. Bagnoli

385
Measuring the Performance of a Central Bank. Empirical Evidence for Germany
(1991)
Frank A. Schmid

384
Efficiency versus Equality: The Case for Using Aggregate Compensating Variations in Cost-Benefit Analysis
(1991)
Yew-Kwang Ng

383
Ad Valorem and Specific Taxation in a Model of Vertically Related Oligopolies
(1991)
U. Galmarini 

382
Women's Property and the Industrial Revolution
(1991)
M. Berg

381
What Difference did Women's Work Make to the Industrial Revolution
(1991)
M. Berg 

380
Transition from Pre-Industrial to Industrial Forms
(1991)
M. Berg

379
Artisans and Factory Systems in the Industrial Revolution
(1991)
M. Berg

378
The Efficient Allocation of Local Public Factors in Tieabout's Tradition
(1991)
W.F. Richter

377
Foreign Trade Reform and Privatisation in the USSR
(1991)
A. Vernikov

376
Death and the Keynesian Multiplier
(1991)
N. Rankin and D. Scalera 

375
How Does the Benefit Effect Vary as Unemployment Spells Lengthen?
(1991)
W. Narendranathan 

374
Labour-Saving Innovation: Union Attitudes Under Oligopolistic Competition
(1991)
S. Dowrick and B. Spencer 

373
Exchange Rate Risk and Imperfect Capital Mobility in an Optimising Macromodel
(1991)
N. Rankin 

372
An Economic Theory of the Open Shop Trade Union
(March 1991)
R. Naylor and M. Cripps 

371
Trends in Real Wages in Britain 1750 - 1913
(1990)
N.F.R. Crafts and T. Mills 

370
Rational Speculative Bubbles in an Exchange Rate Target Zone
(Revised October 1990)
W.H. Buiter and P.A. Pesenti 

369
Influences of Past History on the Incidence of Youth Unemployment: Empirical Findings for the U.K.
(Revised November 1990)
W. Narendranthan and P. Elias 

368
Optimal Non-Linear Income Taxation for the Alleviation of Income Poverty
(1989)
R. Kanbur, M. Keen and M. Tuomala 

367
Anomalous Speculative Attacks on Fixed Exchange Rate Regimes
(October 1990)
W.H. Buiter and V.U. Grilli

366
Do Unions Reduce Discrimination
(November 1990)
R. Naylor and G. Myles

365
Monopoly Capitalist Revisited
(October 1990)
K. Cowling

364
Britain's Productivity Gap in the 1930's: Some Neglected Factors
(October 1990)
S.N. Broadberry and N.F.R. Crafts 

363
The 'Walters Critique' of the EMS - A Case of Inconsistent Expectations
(October 1990)
M. Miller and A. Sutherland 

362
British Economic Fluctuations, 1851-1913: A Perspective Based on Growth Theory
(September 1990)
N.F.R. Crafts and T. Mills

361
Britain's return to Gold and Impending Entry into the EMS: Expectations, Joining Conditions and Creditability
(July 1990)
M. Miller and A. Sutherland 

360
Monetary Contracting Between Central Banks and the Design of Sustainable Exchange-Rate Zones
(July 1990)
F. Delgado and B. Dumas 

359
Dynamic Midelling and the Demand for Narrow Money in Norway
(August 1990)
G. Batdsen 

358
Rank, Stock, Order and Epidemic Effects in the Diffusion of New Process Technologies: An Empirical Model
(1990)
P. Stoneman and M. Karshenas 

357
Subsidization of Risky Investment Under Income Taxation and Moral Hazard
(June 1990)
V. Christiansen

356
The Role of Exogenous and Endogenous Learning and Economic Factors in the Diffusion of New Technology: An Epidemic Based Study of the Spread of Colour Television Ownership in the UK
(May 1990)
M. Karshenas and P. Stoneman 

355
The Intertemporal Demand for Consumer Technologies Requiring Joint Hardware and Software Inputs
(May 1990)
P. Stoneman

354
Reassessing Producer Behaviour ina Policy-Modified Production Environment
(May 1990)
R. Fraser 

353
Export Subsidies and Countervailing Tariffs
(Revised May 1990)
D. Collie

352
International Trade and Courtnot Rquilibrium: Existence, Enuqueness and Comparative Statistics
(Revised May 1990)
D. Collie

351
Rehabiliating the Industrial Revolution
(May 1990)
M. Berg and P. Hudson 

350
Finding the Right Nominal Anchor: The Cointegration of Money, Credit and Nominal Income in Norway
(May 1990)
G. Bardsen and J.T. Klovland 

349
Imperfect Competition with Intermediate Goods: A Simulation Analysis of a Two-Sector Model
(May 1990)
G.D. Myles 

348
Multiple Solutions and Bubbles in Stochastic Models of the Exchange Rate
(May 1990)
A. Sutherland 

347
Entering an Preannounced Currency Band
(March 1990)
M. Miller, A. Sutherland and M. Ichikawa

346
On Membership in Clubs
(April 1990)
C. Fraser and Al Hollander

345
Ownership Structure, Control Type Classifications and the Performance of Large British Companies
(December 1989)
J. Leahy and D. Leech 

344
Normative Aspects of State-Contingent Capital Income Taxation
(April 1990)
V. Christiansen

343
A Normative Analysis of Capital Income Taxes in the Presence of Aggregate Risk
(April 1990)
V. Christiansen 

342
Foreign Direct Investment and the Risk of Expropriation
(January 1990)
T. Worrall and J. Thomas

341
Anti-Business Culture and the Changing Business Establishment
(July 1989)
L. Hannah

340
Fordist Technology and Britain: The Diffusion of Labour Speed-up
(July 1989)
W. Lewchuk 

339
Computer and Dynamo. The Modern Productivity Paradox in a Not-Too-Distant Mirror
(July 1989)
P.A. David 

338
Ownership, Competition and Productivity Growth: The Impact of Liberalisation and Privatisation upon British Telecom
(July 1989)
J. Foreman-Peck 

337
Exchange Rate Bands with Price Inertia
(February 1990)
M. Miller and P. Weller

336
Monetary Targets, Exchagne Rate Targets and After: A Stochastic "Hard-Landing" for Sterling?
(October 1989)
M. Miller and A. Sutherland 

335
Voluntary Public Goods
(November 1989)
C.D. Fraser 

334
Industry-Specific Income Taxes
(December 1989)
G. Myles 

333
When Does Coordination Pay
(December 1989)
M. Miller and M. Salmon 

332
The Open Shop Union, Wages and Management Opposition
(November 1989)
R. Naylor and O. Raaum

331
Modelling the Probability of Leaving Unemployment: Competing Risks Models with Flexible Baseline Hazards
(March 1989, Revised October 1989)
W. Narendrdranathan and M.B. Stewart 

330
Profit Determination in U.K. Manufacturing
(October 1989)
M. Conyon and S. Machin 

329
Reputation Effects in Dynamic Games
(October 1989)
M. Cripps

328
The First Women Economic Historians: The L.S.E Connection
(September 1989)
M. Berg 

327
A Social Custom Model of Collective Action
(September 1989)
R. Naylor

326
A New Industrial Strategy: Preparing Europe for the Turn of the Century
(September 1989)
K. Cowling 

325
Power Indices and Probalistic Voting Assumptions
(August 1989)
D. Leech

324
A Microeconomic Model of Intertemporal Substitution and Consumer Demand
(August 1989)
R. Blundel, M. Browning and C. Meghir 

323
Union Wage Differentials. Product Market Influences and the Division of Rents
(July 1989)
M. Stewart

322
An Inter-Establishment Study of Union Membership in Great Britain.
(July 1989)
R. Naylor and P. Gregg

321
Training and Contracts: Some Dynamic Aspects of Human Capital Formation
(July 1989)
G. D. Myles

320
Soviet National Income and the Burden of Defence, 1937 and 1940-1944
(July 1989)
M. Harrison

319
Total Output and the Productivity of Labour in Soviet Industry, 1940-1945
(June 1989)
M. Harrison

318
The Stabilizing Properties of Target Zones
(May 1989)
M. Miller, P. Weller and J. Williamson

317
Exchange Rate Bands and Realignments in a Stationary Stochasting Setting
(Revised 1988)
M. Miller and P. Weller 

316
Accounting For Time Use
(February 1989)
G. Pyatt

315
Imperfect Competition and The Taxation Of Intermediate Goods
(February 1989)
G. D. Myles

314
Workfare vs. Welfare: Incentive Arguments for Work Requirements in Poverty Alleviation Programs
(January 1989)
T. Beasley and S. Coate

313
A Volume Index of the Total Munitions Output of the United Kingdom, 1939- 1944, 1939- 1944
(February 1989)
M Harrison

312
The Volume of Soviet Munitions Output, 1937-1944: A Reevaluation
(February 1989)
M Harrison

311
Progress and Providence an Early Nineteenth Century Political Economy
(January 1989)
M. Berg

310
Reciprocity in the Prisoners' Dilemma: A New Look at Profit-Sharing Participation and Work Organisation
(January 1989)
J. Cable and S. Charles