Knowledge that Transforms

Gary Fethke, Andrew Policano; Will Wage Setters Ever Stagger Decisions?*, The Quarterly Journal of Economics, Volume 101, Issue 4, 1 November 1986, Pages 867–87

Public research institutions are turning increasingly to the private sector for additional financial support. Such a trend, in the short run, lessens the need for public research expenditures, but may, in the long run, prove to be very costly to the economy as a whole. This is because private funding increases the chance that the direction of research will shift so that private benefits are enhanced. Such a shift is especially costly if public research funds are then not forthcoming that would have the potential of producing the maximum level of benefits to the economy as a whole. A case study of Canadian barley research is used to illustrate this problem.

Journal Article Farm Women, Work, and Fertility Get access William Sander William Sander University of Illinois at Urbana-Champaign Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 101, Issue 3, August 1986, Pages 653–657, https://doi.org/10.2307/1885705 Published: 01 August 1986

Journal Article The Limitations of Pigouvian Taxes as a Long-Run Remedy for Externalities: Comment Get access Robert E. Kohn Robert E. Kohn Southern Illinois University at Edwardsville Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 101, Issue 3, August 1986, Pages 625–630, https://doi.org/10.2307/1885700 Published: 01 August 1986

Dennis W. Carlton, Glenn C. Loury; The Limitation of Pigouvian Taxes as a Long-Run Remedy for Externalities: An Extension of Results*, The Quarterly Journal of

Journal Article Productivity Growth and Materials Use in U. S. Manufacturing Get access Martin Neil Baily Martin Neil Baily Brookings Institution Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 101, Issue 1, February 1986, Pages 185–195, https://doi.org/10.2307/1884648 Published: 01 February 1986

Understanding the impacts of transitory oil supply shocks on world oil prices is crucial to the evaluation of the economic impacts of shocks and the design of policy responses to address those impacts. This paper integrates short-run and long-run approaches to oil price determination, with particular emphasis on the "two-price " structure of the world oil market—with coexisting short-term "spot" prices and long-term "contract " prices. Even transitory shocks are shown to exhibit persistence effects on long-term prices. Some implications for econometric models of the relationship between spot and contract prices are discussed. I.

Janusz A. Ordover, Ariel Rubinstein; A Sequential Concession Game with Asymmetric Information*, The Quarterly Journal of Economics, Volume 101, Issue 4, 1 Novem

This paper presents a simple general equilibrium model that includes optimizing choices of the frequency of trips to the bank. The model is used to analyze the effect of inflation on the capital stock, the interest elasticity of money demand, the optimum quantity of money, and the welfare costs of inflationary finance.

Journal Article Price Adjustment Costs, Anticipated Inflation, and Output Get access Timur Kuran Timur Kuran University of Southern California Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 101, Issue 2, May 1986, Pages 407–418, https://doi.org/10.2307/1891122 Published: 01 May 1986