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1998 Working Papers Abstracts

412

Correcting for Selective Compliance in a Re-Employment Bonus Experiment

We propose a two-stage instrumental variable estimator that is consistent if there is a selective compliance in the treatment group of a randomized experiment and the outcome variable is a censored duration. The estimator assumes full compliance in the control group. We use the estimator to reanalyze data from the Illinois re-employment bonus experiment.

411

Organizational Structure and Perpetual Innovation: A Computational Model of a Retail Chain

Abstract not available.

409

The Supremum Argument in the New Approach to the Existence of Equilibrium in Vector Lattices

Abstract not available.

408

Impartiality and Interpersonal Comparisons of Variations in Well-Being

Abstract not available.

406

Homeownership, Committed Expenditure Risk, and the Stockholding Puzzle

Abstract not available.

405

Assymptotic Arbitrage and Asset Pricing Models on General Index Sets and on the Lebesgue Continuum

Abstract not available.

404

The Murdukovich Normal Cone and the Foundations of Welfare Economics

Abstract not available.

401

Does Cultural Origin Affect Saving Behaviour? Evidence From Immigrants

Abstract not available.

400

International Treaties on Global Pollution: A Dynamic Time-Path Analysis

Abstract not available.

399

A Stronger Measure of Risk Aversion and a General Characterization of Optimal Income Tax Enforcement

Abstract not available.

398

The Equilibrium Level of Rigidity in a Hierarchy

A hierarchy is considered in which those agents who perform better advance to higher levels. When agents are heterogeneous and endowed with simple behavioral rules, Harrington (1998a) showed that agents at high levels tend to be rigid, in the sense that their behavior is unresponsive to their environment, relative to agents at low levels. In the current paper, agents are homogeneous but sophisticated as their behavior is required to be consistent with a subgame perfect equilibrium. Agents at high levels are found instead to be flexible relative to agents at low levels.

397

Electoral Selection, and the Creation of Ideologues

Abstract not available.

395

The True Cost of Living: 1974 - 1991

Abstract not available.

394

Non-Cooperative Games on Hyperfinite Loeb Spaces

Abstract not available.

393

Pure-Strategy Nash Equilibrium Points in Large Non-Anonymous Games

Abstract not available.