For the last half century, trade theorists, development economists, and development practitioners have been calculating what was claimed to be the shadow price of scarce foreign exchange. In fact, what they have been calculating is the social value of the receipt of a unit of a numeraire good...

The paper ranks Departments of Economics in the U.S., based on publications in a set of eight "Blue Ribbon" journals during the period 1987-91. We adjust for variation in character and page size across the journals, allow for differences in journal quality and deal with changes in department...

The gross price elasticity of demand for medical care is decomposed into two separate "observable" components: the medical care gross price elasticity of insurance choice and the cost-sharing elasticity of medical care. When consumers alter their choice of health-care plans, the price...