Henry Jacoby, December 1990Within the realm of derivative asset valuation, two types of methods are available for solving the investment timing […]
READ moreRichard S. Eckaus, November 1990Policies dealing with global warming require a measure of the effects of the emissions of greenhouse gases […]
READ moreJames M. Poterba, October 1990Claims of the regressivity of gasoline taxes typically rely on annual surveys of consumer income and expenditures […]
READ moreM.A. Adelman, October 1990The assumption of an initial fixed mineral stock is superfluous and wrong. User cost (resource rent) in mineral […]
READ moreAnne F. Friedlaender, Ernst R. Berndt, Judy Shaw-Er Wang Chiang, and Christopher A. Vellturo, June 1990This paper reports on results obtained […]
READ moreAntonio Mello and John Parsons, Revised June 1990In this paper we show how to adapt the traditional contingent claims valuation techniques […]
READ moreTimothy Besley, Stephen Coate, and Glenn Loury, May 1990This paper examines the role and performance of an institution for allocating savings […]
READ moreJean-Jacques Laffont and Jean Tirole, December 1989The theory of auctions has ignored the fact that often auction designers, not the principal, […]
READ moreJean-Jacques Laffont and Jean Tirole, September 1989Public decision makers are given a vague mandate to regulate industries. Restrictions on their instruments […]
READ moreOliver Hart and Jean Tirole, April 1990Few people would disagree with the proposition that horizontal mergers have the potential to restrict […]
READ moreNULL
READ moreRobert S. Pindyck and Julio Rotemberg, April 1990We show that comovements of individual stock prices cannot be justified by economic fundamentals. […]
READ moreRobert S. Pindyck, March 1990Most investment expenditures have two important characteristics. First, they are largely irreversible; the firm cannot disinvest, so […]
READ moreErnst R. Berndt, March 1990This is a survey paper for non-specialists on interactions between energy and productivity growth. The first half […]
READ moreRobert S. Pindyck, March 1990I examine the behavior of inventories and their role in the short-run dynamics of commodity production and […]
READ moreRobert S. Pindyck, January 1990The explanation of aggregate and sectoral investment behavior has been one of the less successful endeavors in […]
READ morePhilip Hampson, John Parsons, and Charles Blitzer, Revised July 1990This is a case study in the design of the production sharing […]
READ moreJohn S. Carroll and Peter B. Cebon, February 1990 Nuclear power plants are a controversial technology. The future of the […]
READ more