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.:Research:.

Publications

"Legal institutions, sectoral heterogeneity, and economic development," Review of Economic Studies (forthcoming); with Rui Castro and Gian Luca Clementi. Download PDF

"Investor protection, optimal incentives, and economic growth", Quarterly Journal of Economics, 119 (August 2004), 1131-1175; with Rui Castro and Gian Luca Clementi. Download PDF

"How do value creation and competition determine whether a firm appropriates value?", Management Science, 50 (October 2004), 1319-1333; with Michael Ryall. Download PDF

"The economics of has-beens", Journal of Political Economy, (February 2004), S289-310; with Michael Weisbach. Download PDF

"Is advertising a signal of product quality? Evidence from the compact disc player market", International Journal of Industrial Organization, 21 (March, 2003); with Ignatius Horstmann. Download PDF

"Adverse Specialization", Journal of Political Economy, 109 (August, 2001), 864-899; with Leslie Marx. Download PDF

"Technology, Diffusion and Aggregate Dynamics", Review of Economic Dynamics, 1 (April 1998), 338-370; with David Andolfatto. Available in IDEAL

"Technology and Jobs: Secular Changes and Cyclical Dynamics. A Comment," Carnegie-Rochester Conference Series on Public Policy, 46 (1997), 179-88.

"The Cyclical Behavior of Job Creation and Job Destruction: A Sectoral Model", Economic Theory, 7 (1996), pp 95-112; with Jeremy Greenwood and Guang-Jia Zhang. Download PDF

"When is Advertising a Signal of Product Quality?", Journal of Economics and Management Strategy, 3 (Fall 1994), 561-584; with Ignatius Horstmann. Download PDF

"The Life Cycle of a Competitive Industry", Journal of Political Economy, 102 (April 1994), 322-47; with Boyan Jovanovic. Download PDF

"Competitive Diffusion", Journal of Political Economy, 102 (February 1994), 24-52; with Boyan Jovanovic. Download PDF

"Unionism in a Competitive Industry", Journal of Labor Economics, 10 (January 1992), 33-54; with Chris Robinson.

"The Economics of Rising Stars", American Economic Review, 78 (March 1988), 155-168. Available in JSTO

"Job Mobility in Market Equilibrium", Review of Economic Studies, 55 (January 1988), 153-168. Available in JSTOR

"The Simple Analytics of Competitive Equilibrium with Multiproduct Firms", American Economic Review, 77 (December 1987), 941-953; with Alan Slivinski. Available in JSTOR

"Patents as Information Transfer Mechanisms: To Patent or (Maybe) not to Patent", Journal of Political Economy, 93 (October 1985), 837-858; with Ignatius Horstmann and Alan Slivinski. Available in JSTOR

"A Rehabilitation of Absolute Advantage", Journal of Political Economy, 93 (April 1985), 277-297; with James Markusen. Available in JSTOR

"Cautionary Tails in Estimating Variance Components (or: Throwing the Variance Out with the Bath Water)", Journal of Labor Economics, 3 (April 1985), 124-152; with Chris Robinson.

"Convenient Methods for Estimation of Linear Regression Models with MA(1) Errors", Canadian Journal of Economics, 18 (February 1985), 106-116; with James G. MacKinnon.

"New Directions in the Economic Theory of Agency", Canadian Journal of Economics, 17 (August 1984), 415-440. Download PDF

"The Size and Structure of Union-Nonunion Wage Differentials in Canadian Industry: Corroboration, Refinement and Extension", Canadian Journal of Economics, 16 (August 1983), 480-500.

"A Market Equilibrium Theory of Job Assignment and Sequential Accumulation of Information", American Economic Review, 72 (December 1982), 1038-1055. Available in JSTOR

"Information in Production", Econometrica, 50 (September 1982), 1143-1162. Available in JSTOR

"Information and Job Choice", Canadian Journal of Economics, 15 (February 1982), 28-50.

"Specific Investments and Nonlabor Income", Bell Journal of Economics, (Spring 1982),225-233.

"The Impact of Schooling on Wages", Econometrica, 49 (September 1981), 1349-1359. Available in JSTOR

"The Size and Structure of Union-Nonunion Wage Differentials in Canadian Industry", Canadian Journal of Economics, 14 (May 1981), 216-231.

"Person-Specific Information in the Labor Market", Journal of Political Economy, 88 (June 1980), 578-597. Available in JSTOR

"Some Large Sample Tests for Non-normality in the Linear Regression Model", Journal of the American Statistical Association, 75 (March 1980), 16-28; with Hal White.

"Social Security and Consumer Spending in an International Cross Section", Journal of Public Economics, 11(1979), 275-289; with R.J. Barro. Download PDF

Other Papers

"Do new competitors, new customers, new suppliers,... sustain, destroy or create competitive advantage? with Michael Ryall. Download PDF

"Jobless recoveries," (with David Andolfatto). Download PDF

"The two sides of competition and their implications for strategy and value appropriation," with Joshua Gans and Michael Ryall. Download PDF

"The industry life-cycle of the size distribution of firms," with Emin Dinlersoz. Download PDF

Work in Progress

"The economics of super managers" with Nina Baranchuk and Jun Yang Download PDF

"Competitive limits on rents," with Michael Ryall. Download PDF

"On the acquisition of capabilities," with April Franco.