April 1997

March 2001 <p> “Open science" as a practise became increasing widespread in Europe during the late sixteenth and early seventeenth centuries. It represented a departure from the previously dominant ethos of secrecy in the pursuit of Nature’s Secrets, and its emergence was a distinctive and...</p>

December 19, 1999 (Revised) <p> At least three different "envelope theorems" have proved useful for economic analysis. One applies to unconstrained optimization problems with parameterized objectives and unique solutions, a second to constrained, smooth concave maximization problems in which both...</p>

Fall, 1997 Journal of Economic Perspectives, Volume 11, Number 4, pp.83-92, Fall 1997 <p> We advance a new perspective in the study of federalism. Our approach views federalism as a governance solution of the state to credibly preserving market incentives. Market incentives are preserved if the...</p>

September 1999 <p> Roberts' "weak neutrality" or "weak welfarism" theorem concerns Sen social welfare functionals which are defined on an unrestricted domain of utility function profiles and satisfy independence of irrelevant alternatives, the Pareto condition, and a form of weak continuity....</p>

December 1998 <p> How does the economy react to the arrival of a new major technology? The existing literature on General Purpose Technologies (GPTs) has studied the role that mechanisms like secondary innovations, diffusion, and learning by firms play in the adjustment process. By contrast, we...</p>

December 2000 <p> This paper evaluates the performance of exchange rate, inflation and money targeting under terms of trade, real interest rate, foreign inflation and money demand shocks. Inflation targeting must target the price level as opposed to forward looking inflation for uniqueness of...</p>