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Summer 1988 A journal of the American Economic Association Editor Joseph E. Stiglitz, Stanford University Co-editor Carl Shapiro, Princeton University Associate Editors Henry J. Aaron, The Brookings Institution Stanley Fischer, Massachusetts Institute of Technology Dwight M. Jaffee, Princeton University Edward P. Lazear, University of Chicago and The Hoover Institution Mark J. Machina, University of California at San Diego Charles F. Manski, University of Wisconsin John E. Roemer, University of California at Davis Kenneth S. Rogoff, University of Wisconsin Bernard Saffran, Swarthmore College Steven C. Salop, Georgetown University Law Center Lawrence H. Summers, Harvard University Hal R. Varian, University of Michigan Janet L. Yellen, University of California at Berkeley Managing editor Timothy Taylor Editorial associate Maurice Kahan Editorial offices: Department of Economics, Stanford University Stanford, CA 94305-6072 gratefully acknowledges the support of Princeton University. Copyright © 1988 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. (ISSN 0895-3309), Summer 1988, Vol. 2, No. 3, is published quarterly (February, May,
Journal of Economic Perspectives – American Economic Association
Published: Aug 1, 1988
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