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1978 - 1988 Working Papers

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317
Exchange Rate Bands And Realignments In A Stationary Stochastic Setting
(Revised 1988)
M. Miller and P. Weller

309
Solving Stochastic Saddlepoint Systems: A Qualitative Treatment with Economic Applications
(December 1988)
M. Miller and P. Weller

308
Economic Growth in Nineteenth Century Britain: Comparisions with Europe in the Context of Gerschenkron's Hypotheses
(December 1988)
N.F.R. Crafts, S.J. Leybourne and T.C. Mills

307
Reputation, Social Custom and Trade Union Membership
(December 1988)
R. Naylor and M. Cripps

306
An Empirical Investigation into Income Distribution, Market Structure and Unionisation in UK Manufacturing 1980-1984
(November 1988)
M. Conyon

305
Will the Real Bosses Please Stand Up: Marglin and Landes on the Origins of Capitalist Hierarchy (October 1988)
M. Berg

304
Revisions and Revolutions: Technology and Productivity Change in Manufacture in Eighteenth Century England
(October 1988)
M. Berg

303 (not available)
The Revenue and Welfare Effects of Fiscal Harmonization for the UK

302
Coherent Specification of Demand Systems with Corner Solutions and Endogenous Regimes
(September 1988)
A. Van Soest, P. Kooreman and A. Kapteyn

301
Profit-Sharing and Productivity: An International Comparision
(September 1988)
J.R. Cable and N. Wilson

300
Profit-Sharing and Productivity: An Analysis of UK Engineering Firms
(June 1988)
J.R. Cable and N. Wilson

299
Individual Rationality and the Social Valuation of Life
(June 1988)
T. Besley and R. Kanbur

298
Poverty, Incentives and Linear Income Taxation
(June 1988)
R. kanbur and M. Keen

297
Learning Rational Expectations in a Policy Game
(June 1988)
M.W. Cripps

296
Tariff Policy and Imperfect Competition
(May 1988)
G.D. Myles

295
General Equilibrium and Imperfect Competition: Profic Feedback Effects and Price Normalisations
(April 1988)
G.D. Myles and M.W. Cripps

294
Was the Collapse of British Industry after the First World War Inevitable? Structural and Macroeconomic Explanations of Interwar Unemployment
(February 1988)
S.N. Broadberry

293
The Productivity Effects of Unionisation and Firm Size in British Engineering Firms
(March 1988)
S.J. Machin

292
Internal Labor Markets and Democratic Labour Managed Firms
(November 1987)
N.J. Ireland

291
Error Correction Models, co-integration and the Internal Model Principle
(February 1988)
M. Salmon

290
The Sam Approach in Retrospect and Prospect
(November 1987)
G. Pyatt

289
Credibility and the Value of Information Transmission in a Model of Monetary Policy and Inflation
November 1987)
T. Basar and M. Salmon

288
Macroeconomic Policy Games with Incomplete Information - A Survey
(July 1987)
J. Driffill

287
Effective Demand and Unemployment
(September 1987)
T.M. Anderson

286
Unions and the Incidence of Performance Linked Pay Schemes in Britain
(October 1987)
P.A. Gregg and S.J. Machin

285
Product Variety and Imperfectly Competitive Free-Entry Industries: Policy Design, Conjectural Equilibria and Consumption Externalities
(September 1987)
G.D. Myles

284
Information Revelation in a market with Pairwise Meetings
(September 1987)
A. Wolinsky

283
The Influence of Technology and Demand Conditions on Future Prices and Hedging
(July 1987)
P. Weller and M. Yano

282
Closed-Form Solutions to Dynamic Stochastic Choice Problems
(May 1987)
R.E.A. Farmer

281
Human Capital and Self-Enforcing Contracts
(May 1987)
C. Azariadis

280
Optimal Commodity Taxation with Imperfect Competition
(July 1987)
G.D. Myles

279
Control, Technology and the Social Efficiency of Traditional Production: A Bargaining Model of theCapital-Labour Relationship
(June 1987)
J.R. Cable

278
Malnutrition and Poverty in Latin America
(April 1987)
S.M. Ravi Kanbur

277
Global Food Balances and Individual Hunger: Three Themes in the Entitlements based Approach
(April 1987)
S.M. Ravi Kanbur

276
Resource Mobilisation for World War II: A Comparative View of the Soviet Productive Effort 1938-45
(May 1987)
M. Harrison

275
Strikes, Free Riders and Social Customs
(January 1987)
R. Naylor

274
Forecasting and Signal Extraction in Autoregressive Moving Average Models
(October 1986)
P. Burridge and K.F. Wallis

273
Collective Bargaining Arrangements Closed Shops and Relative Pay
(May 1986)
M.B. Stewart

272
Why is Participation Production not the Norm? A Prisioners' Dilemma in the Choice of Work Organisation
(May 1986)
J.R. Cable

271
Taxation and Parameter Uncertainty: Some Examples
(February 1986)
G. Frewer

270
Technological Diffusion: The Viewpoint of Economic Theory
(November 1985)
P.L. Stoneman

269
Labour's Share and Profitability Crisis in the United States: Recent Experience and Post-War Trends
(November 1985)
Andrew Henley

268
Cyclical Variation in Individual Conditional Strike-Settlement Probabilities
(July 1985)
A. Harrison & M Stewart

267
The Relationship between Shareholding Concentration and Shareholder Voting Power in British Companies: A Study of the Application of Power Indices for Simple Games
(September 1985)
D. Leech

266
Finite-Sample Properties of Stochastic Predictors in Nonlinear Systems: Some Initial Results
(July 1985)
R.E. Mariano

265
Optimal Destabilisation, Active Learning and the Choice of Step Length in Policy Reform
(July 1985)
G. Frewer

264
Why Employees Prefer not to Bargain over Jobs
(July 1985)
S. Dowrick

263
General or Specific - An Investigation into Demand for Money Functions in LDC's
(July 1985)
R. Kupisz

262
Ownership Concentration and the Theory of the Firm: A Simple-Game-Theoretic Approach Applied to US Corporations in the 1930's
(July 1985)
D. Leech

261
Class Conflict and Bargaining under Monopoly Capitalism: The Impact of Mass Unemployment and Some Evidence from the U.K.
(June 1985)
S. Dowrick

260
Profitable Cost Increases and the Shifting of Taxation: Equilibrium Response of Markets in Oligopoly
(April 1985)
J. Seade

259
Estimating the Parameters of Interest in a Job Search Model
(March 1985)
W. Narendranathan & S. Nickell

258
Some Tests of Employee Participation Indices
(March 1985)
John Cable

257
Assessing the Degree of Employee Participation: Guttman Scale Tests for the West German Metalworking Industry
(February 1985)
John Cable

256
The Internationalisation of Production and Deindustrialisation
(February 1984)
Keith Cowling

255
Trade Unions, Market Concentration and Income Distribution in United States Manufacturing Industry
(November 1984)
Andrew Henley

254
Innovation and Diffusion - The Implications of an Integrated Approach
(October 1984)
Paul Stoneman & N.J. Ireland

253
Price Adjustment within a Framework of Symmetric Oligopoly: An Analysis of Pricing in 380 U.S. Manufacturing Industries. 1958-71
(July 1984)
John Brack

252
The Effects of Life Assurance and Pension Funds on Other Savings: The Postway U.K. Experience
(May 1984)
C.N. Pitelis

251
Calculating the Variance of Seasonally Adjusted Series
(February 1984)
P. Burridge & K.F. Wallis

250
The Information Matrix Test for the Linear Model
(February 1984)
A.R. Hall

249
Collective Bargaining Structure, Wage Levels and the Functional Distribution of Income
(February 1984)
A. Henley

248
Tariffs, Employment and the Current Account: The Role of Real Wage Resistance
(November 1983, revised)
S. Wijnbergen

247
The Separation of Corporate Ownership and Control: A Reinterpretation of the Evidence of Berle and Means
(January 1984)
D. Leech

246
Efficiency in the Forward Markets for Foreign Exchange
(December 1983)
Richard Urwin

245
Risk Aversion, Inequality Aversion and Optimal Choice of Distributors
(December 1983)
C.D. Fraser

244
Unobserved-Component Models for Seasonal Adjustment Filters
(December 1983)
P. Burridge & K.F. Wallis

243
Wage Determination under Labor-Management: Theory and Evidence from Yugoslavia
(October 1983)
Saul Estrin & Jan Svejnar

242
A Soviet Commander of the Economic Front (N.A. Voznesensky - 1 December 1903-30 Sept. 1950)
(November 1983)
M. Harrison

241
Corporate Control, Social Choice and Capital Accumulation: An Asymmetrical Choice Approach
(November 1983)
C.N. Pitelis

240
Corby: New Town Planning and Imbalanced Development
(July 1983)
M.S. Grieco

239
Family and the Workplace: The Social Organisation of Work
(July 1983)
Richard Whipp & M Grieco

238
The Alleged Separation of Ownership and Control in the Theory of the Firm: A Dynamic, Historical Approach
(October 1983)
R. Sugden & C.N. Pitelis

237
U.K. Strikes in Theory and Practice
(August 1983)
P.A. Geroski and K.G. Knight

236
Contractual Savings and Underconsumption: Realisation Problems of British Capitalism in the Recession
(August 1983)
C.N. Pitelis

235
A Static Framework for the Analysis of Policy Optimisation with Interdependent Economies
(July 1983)
P. Turner

234
Signal Extraction in Nonstationary Series
(August 1983)
P. Burridge and K.F. Wallis

233
The Analysis of Industry Equilibrium: A Theoretical Perspective
(July 1983)
R. Sugden

232
Dynamic Games and the Times Inconsistency of Optimal Policy in Open Economies
(July 1983)
M. Miller and M. Salmon

231
The Effects of Corporate Retentions on Personal Savings: Tests of Rival Hypotheses
(June 1983)
C.N. Pitelis

230
On the Measurement of Market Share Mobility and Entry
(June 1983)
J.R. Cable

229
Dynamic Price Discrimination, Competitiveness and the Matching Process
(April 1983)
C. Doyle

228
Asymmetric Information and Credit Ranking: Another View of Industrial Bank Lending and Britain's Economic Problem
(April 1983)
J.R. Cable and P. Turner

227
The Determination of the Union Status of Workers
(September 1983)
H.S. Farber

226
Cyclical Variations in the Labour Input: A Comparision of Capitalist and Labour Managed Firms
(March 1983)
G. Stewart

225
Wage-Productivity Margins and Market Structure
(March 1983)
G. Stewart

224
Labour-Managed Firms and Monopsony Power
(March 1983)
G. Stewart

223
Job Search and the Firm's Wage Offer Decisions: A Model of Null Offers
(March 1983)
M. Chalkley

222
Why Transnational Corporations?
(February 1983)
R. Sugden

221
Optimal Intervention in an Economy with Trade Unions
(November 1982)
A.J. Oswald

220
Three Theorems on Inflation Taxes and Marginal Employment Subsidies
(November 1982)
A.J. Oswald

219
Business Savings and the Macroeconomic Distribution on Income: The 'Monopoly Saving Function Capitalism' Saving Function
(December 1982)
C.N. Pitalis

218
A Labour-Managed Firm's Reaction Function Reconsidered
(November 1982)
Y. Miyamoto

217
Finite Horizon Job Search, Null Offers and the Duration of Search Unemployment
(October 1982)
M. Chalkley

216
Testing Normality in Econometric Models
(July 1982)
N.M. Kiefer and M. Salmon

215
The Age Structure of Unemployment in Great Britain
(September 1982)
K.G. Knight and M.B. Stewart

214
Financial Organisation and Industrial Efficiency: The Case of West German Banks
(September 1982)
J.R. Cable

213
The Effects and Determinants of Training
(July 1982)
C. Greenhalgh and M.B. Stewart

212
Work History Patterns and the Occupational Attainment of Women
(July 1982)
C. Greenhalgh and M.B. Stewart

211
Occupational Status and Mobility of Men and Women
(July 1982)
C. Greenhalgh and M.B. Stewart

210
On Courtnot-Nash Equilibria with Exogenous Uncertainty
(July 1982)
N.J. Ireland

209
Inflation-adjusting the Public Sector Financial Deficit: Measurement and Implications for Policy
(May 1982)
M. Miller

208
The Degree of Monopoly, International Trade and Transnational Corporations
(May 1982)
R. Sugden

207
On Least Squares Estimation when the Dependent Variable is Grouped
(April 1982)
M.B. Stewart

206
Models of Search in the Labour Market
(April 1982)
M. Chalkley

205
Conduct, Structure and Relative Welfare Losses in Quantity-Setting Duopoly
(May 1982)
J. Cable, Alan Carruth & Avinash Dixit

204
Real Exchange Rate Overshooting and the Output Cost of Bringing Down Inflation
(August 1981)
W.H. Buiter & M.H. Miller

203
Real Adjustment and Exchange-Rate Neary Dynamics
(November 1981)
J. Peter & D.D. Purvis

202
Wages, Relative Prices and the Choice Between Fixed and Flexible Exchange Rates
(July 1981)
R.C. Marston

201
On the Adequacy of Policy Instruments and Information when the Meaning of Money is Changing
(October 1981)
D.D. Hester

200
Saddlepoint Problems in Continuous Time Rational Expectations Models: A General Method and Some Macroeconomic Examples
(February 1982)
W. Buiter

199
Error Correction Mechanisms
(February 1982)
M. Salmon

198
Models for X-11 and 'X-11-Forecast' Procedures for Preliminary and Revised Seasonal Adjustments
(February 1982)
K.F. Wallis

197
On Utilitarianism and Horizontal Equity as Welfare-Symmetry in Incomes
(July 1981)
J. Seade

196
Reflections on the Invisible Hand (Text of the Fred Hirsch Memorial Lecture 5.11.81)
(November 1981)
Frank Hann

195
Americal Innovation Abroad
(October 1981)
J. Cable &

194
Rational Forecasts from Non-Rational Models
(October 1981)
A. Snell

193
Synopsis: Pricing and Quality Control under Goodwill Loss, I
(July 1981)
C.D. Fraser

192
Bayesian Learning and the Optimal Investment Decision of the Firm
(July 1981)
I. Tonks

191
Short-Run Employment Behaviour of the Labour-Managed Firm: Evidence from Yugoslavia
(July 1981)
G. Stewart

190
Technology, Diffusion, Wages and Employment
(May 1981)
P. Stoneman

189
Uncertainty, Adjustment Costs and Expected Keynesian Unemployment
(April 1981)
C.J. Ellis

188
Wage Share, Concentration and Unionism
(March 1981)
K.G. Cowling & I. Molho

187
Dynamic Models and Expectations Hypotheses
(March 1981)
K.F. Wallis

186
A Model of Bilateral Bargaining in the Labour Market
(December 1980)
C.J. Ellis

185
Oil, Dininflation and Export Competitiveness: A Model of the "Dutch Disease"
(October 1980)
W.H. Buiter & D.D. Purvis

184
Model Validation and Forecast Comparisons: Theoretical and Practical Considerations
(December 1980)
M. Salmon & K.F. Wallis

183
Monetary Policy and International Competitveness
(October 1980)
W.H. Buiter & M.H. Miller

182
Alternative Exchange Rate Regimes and the Transmission of Disturbances: A General Equilibrium Approach
(November 1980)
T. Persson

181
On Random Preferences, Future Flexibility and the Demand for Illiquid Assets (Revised)
(October 1980)
C.D. Fraser

180
Public Enterprise Pricing, Taxation and Market Structure
(October 1980)
P.A. Weller

179
A Note on the Speed of Convergence of Prices in Random Exchange Economies
(October 1980)
P.A. Weller

178
Advertising and Hours of Work in U.S. Manufacturing, 1919 - 75
(September 1980)
J.A. Brack & K.G. Cowling

177
A Simple World Model of Monetart Union - A Note
(September 1980)
J.M. Ellis

176
Optimal Public Policy in Open Economies
(September 1980)
A. Smith

175
'Direct' vs 'Indirect Taxation of Externalities: A General TreatmentDirect' vs 'Indirect Taxation of Externalities: A General Treatment
(September 1980)
B. Lockwood

174
Savings Propensities from Wage and Non-Wage Income
(September 1980)
A.J. Murfin

173
The Gains from Free Trade
(July 1980)
A.K. Dixit & V. Norman

172
PolicyDecentralisation and Exchange Rate Management in Interdependent Economies
(July 1980)
W.H. Buiter & J. Eaton

171
Anti-Inflationary Monetary Policy and the Capital Import Tax
(July 1980)
N. Liviatan

170
Proto-Industry, Political Economy and the Division of Labour
(August 1980)
Maxine Berg

169
A Feldman-Type Model of War Economy
(June 1980)
M. Harrison

168
On the size of a Controlling Share-holding
(May 1980)
D. Leech & J Cubbin

167
A Tentative Analysis of the Stability of a Competition Economy with Externalities
(April 1980)
M. Homma

166
On the Sign of the Optimal Marginal Income Tax
(April 1980)
J. Seade

165
Temporary Equilibrium, Expectations and Notional Spillovers
(February 1980)
C.J. Ellis

164
Keynesian Equilibrium and Fix Price Equilibria
(February 1980)
P. Michel

163
A Dynamic Analysis of Differential Incidence in a Two-Class Economy with Public Capital
(December 1979)
M. Homma

162
Exogeneity
(November 1979)
R.F. Engle, D.F. Hendry & J.F. Richard

161
Spurious Periodicity in Inappropriately Detrended Time Series
(October 1979)
C.R. Nelson & Hejoon Kang

160
Factor Price Rigidities in an Open Economy
(October 1979)
R. Cornes

159
External Effects: An Alternative Formulation
(September 1979)
R. Cornes

158
Population, Internal Migration and Economic Growth: An Empirical Analysis
(August 1979)
R.S. Morland

157
Optimum Taxation with Errors in Administration
(August 1979)
N.H. Stern

156
A General Approach to the Construction of Model Diagostics Based upon the Lagrange Multiplier Principle
(August 1979)
R.F. Engle

155
Dynamic Optimal Taxation, Rational Expectations and Control Theory
(August 1979)
F.E. Kydland & E.C. Prescott

154
Testing Recursiveness in a Triangular Simultaneous Equation Model
(July 1979)
A. Holly

153
Co-operationand Productivity: Some Evidence from West German Experience
(June 1979)
J. Cable & F.R. Fitzroy

152
Soviet Primary Accumulation Processes: Some Unresolved Problems
(June 1979)
M. Harrison

151
Economic Causes and Effects of Mergers in West Germany
(June 1979)
J. Cable

150
Merger Development and Policy in West Germany since 1958
(June 1979)
J. Cable

149
Duality, Quantity Constraints and Consumer Behaviour
(May 1979)
R. Cornes

148
Limit Theorems on the Core of a Many Good Economy with Individual Risks
(May 1979)
P.A. Weller

147
Generalising from Case Studies: The First 46 Reports of the U.K. Price Commission
(April 1979)
T. Hazledine

146
On the Nature of Industrial Market Power in the U.K.
(April 1979)
T. Hazledine

145
Productive Efficiency, Incentive and Employee Participation: A study of the West German Firms
(May 1979)
J.R. Cable & F.R. Fitzroy

144
Monetary Disintegration in South Africa
(February 1979)
A.R. Roe & P. Davies

143
Optimal Nonlinear Policies for Non-Utilitarian Motives
(February 1979)
J. Seade

142
The General Conjectural Model of Oligopoly - Some Classical Points Revisited
(February 1979)
G. Bramness

141
Advertising and Entry Barriers Revisited
(January 1979)
J. Cubbin

140
The Role of Investment in Entry-Deterrence
(January 1979)
A. Dixit

139
Monopolies and Mergers Policy: A View on the Green Paper
(November 1978)
K. Cowling

138
Product Diversity and Welfare: Some Further results
(November 1978)
A. Carruth

137
Monopoly, Vertical Integration and Efficiency: A Study of Courtaulds
(November 1978)
K. Cowling

136
Risk Taking and Taxation: An Alternative Perspective
(October 1978)
S.M. Kanbur

135
Intra-Firm Diffusion, Learning and Profitability
(September 1978)
P. Stoneman

134
On the Capitalisation Hypothesis for Local Public Finance
(September 1978)
D. Starrett

133
On Hartwick's Rule for Constant Utility and Regular Maximin Paths of Capital Accumulation and Resource Depletion
(September 1978)
A. Dixit, P. Hammond & M. Hoel

132
The Theory of Household Behaviour under Rationing
(September 1978)
J.P. Neary & K. Roberts

131
'Peasant Economy', Subordinate Marxism and the Struggle for Socialised Agriculture in the USSE in the 1920's
(September 1978)
M. Harrison

130
An Equilibrium Analysis of Search and Breech of Contract
(August 1978)
P. Diamond & E. Maskin

129
Rational Expectations with Market Power - The Paradox of the Disadvantageous Tariff on Oil
(July 1978)
E. Maskin & D. Newbery

128
The Long Run Evolution of a Rationed Equilibrium Model
(June 1978)
M.C. Blad & A.P. Kirman

127
Anticipated Profitability of Mergers: An Analysis of the Characteristics of Acquired and Acquiring Firms
(April 1978)
J. Cable & J. Hiller

126
Technological Progress, Investment and Diffusion
(February 1978)
P. Stoneman

125
A Model of Duopoly Suggesting a Theory of Entry Barriers
(February 1978)
A.K. Dixit

124
Second-Best Policies in Imperfect Competition: How Improved Information may Lower Welfare
(January 1978)
S. Salop