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Winter 1 A journal of the American Economic Association Editor Carl Shapiro, University of California at Berkeley Co-editor Alan B. Krueger, Princeton University Associate Editors Henry J. Aaron, The Brookings Institution Pranab Bardhan, University of California at Berkeley Gene M. Grossman, Princeton University James J. Heckman, University of Chicago Dwight M. Jaffee, University of California at Berkeley N. Gregory Mankiw, Harvard University Peter Murrell, University of Maryland at College Park Barry Nalebuff, Yale University Joseph Newhouse, Harvard University John E. Roemer, University of California at Davis Bernard Saffran, Swarthmore College Steven C. Salop, Georgetown University Law Center Richard L. Schmalensee, Massachusetts Institute of Technology Hal R. Varian, University of Michigan Gavin Wright, Stanford University Managing editor Timothy Taylor Editorial associate Juli Rae Sanderson Editorial offices: Department of Economics, Stanford University Stanford, CA 94305-6072 gratefully acknowledges the support of Stanford University. Copyright © 1994 by the American Economic Association; All Rights Reserved. Composed by Science Typographers, Inc., Medford, New York 11763, U.S.A. Printed by Banta Company, Menasha, Wisconsin 54952, U.S.A. No responsibility for the views expressed by the authors in this journal is assumed by the editors or by the American Economic Association. THE JOURNAL OE (ISSN 0895-3309), Winter
Journal of Economic Perspectives – American Economic Association
Published: Feb 1, 1994
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