Antitrust Law and Innovation Cooperation

[Symposium: Collaboration, Innovation and Antitrust]

By Joseph F. Brodley

Journal of Economic Perspectives, Summer 1990

Should innovation collaboration among high technology firms be subject to the antitrust laws? My own analysis concludes that innovation collaboration, particularly when it encompasses production and marketing, can create anticompetitive risks, and should ...

On the Antitrust Treatment of Production Joint Ventures

[Symposium: Collaboration, Innovation and Antitrust]

By Carl Shapiro and Robert D. Willig

Journal of Economic Perspectives, Summer 1990

The U.S. Congress is currently considering several bills to alter the antitrust treatment of collaborative production activities among rival firms. This paper sketches the tradeoffs involved in altering U.S. antitrust treatment of joint venture production...

The Affinity between Ownership Forms and Coordination Mechanisms: The Common Experience of Reform in Socialist Countries

By Janos Kornai

Journal of Economic Perspectives, Summer 1990

The world is witnessing a great upheaval in socialist countries, where dramatic events have been happening since 1988. The present paper concentrates on evaluating past experience in the hope that a correct understanding of the past will help in devising ...

In Honor of David Kreps, Winner of the John Bates Clark Medal

By Jean Tirole

Journal of Economic Perspectives, Summer 1990

David Kreps is the winner of the 1989 John Bates Clark Medal, given to "that American economist under forty who is adjudged to have made a significant contribution to economic thought and knowledge." I will try to explain where Kreps's contributions fit i...

Puzzles: On the Economics of Crime and Confiscation

By Ted Bergstrom

Journal of Economic Perspectives, Summer 1990

The puzzles in this column focus on the issues of crime and confiscation. Answers to all three puzzles can be found at the end of the column.

Anomalies: Foreign Exchange

By Kenneth A. Froot and Richard H. Thaler

Journal of Economic Perspectives, Summer 1990

In what follows, we discuss the efficiency of foreign exchange markets. To manage what would otherwise be an enormous task, the question of efficiency is viewed below from the perspective of a single type of test: the test for what is called the forward d...

Recommendations for Further Reading

By Bernard Saffran

Journal of Economic Perspectives, Summer 1990

Policy Watch: Tax Credits for Low-Income Workers with Children

By C. Eugene Steuerle

Journal of Economic Perspectives, Summer 1990

The most important tax credits available to low-income households with children are the earned income tax credit (EITC), the child tax credit, and the child and dependent care tax credit (hereafter, child-care credit). Only the EITC and the child-care cre...

Correspondence

By Richard R. Brief

Journal of Economic Perspectives, Summer 1990

Correspondence regarding: An Accountant among Economist: Conservations with Sir J. R. Hicks "Spontaneous Order" and "Social Norms and Economic Theory"

Notes

Journal of Economic Perspectives, Summer 1990

Front Matter

Journal of Economic Perspectives, Summer 1990

Symposium on the Economic Status of African-Americans

[Symposium: The Economic Status of African-Americans]

By Henry J. Aaron

Journal of Economic Perspectives, Fall 1990

The purpose of this symposium is to explore a number of controversial issues that divide economists and remain relevant to current debates on public policy. The central questions explored in these papers concern the economic progress of American blacks: W...

The Labor Market Status of Black Americans: 1939-1985

[Symposium: The Economic Status of African-Americans]

By Gerald D. Jaynes

Journal of Economic Perspectives, Fall 1990

Among the empirical changes in the labor maket status of black Americans since 1939, three stand out: 1) three decades of rapid progress followed by two decades of relative stagnation in many aggregate measures of relative black earnings and incomes; 2) d...

The Role of Human Capital in Earnings Differences between Black and White Men

[Symposium: The Economic Status of African-Americans]

By June O'Neill

Journal of Economic Perspectives, Fall 1990

This article examines the factors underlying the differential in earnings between black men and white men, with a focus on the role of human capital. Since 1940, successive generations of black men entering the labor force have been increasingly more educ...

The Impact of Affirmative Action Regulation and Equal Employment Law on Black Employment

[Symposium: The Economic Status of African-Americans]

By Jonathan S. Leonard

Journal of Economic Perspectives, Fall 1990

Was affirmative action successful in increasing employment opportunities for blacks? In this paper, affirmative action will refer to the provisions of Lyndon Johnson's Executive Order 11246 in 1965, as amended by Richard Nixon's Executive Order 11375 [3 C...

Family Change among Black Americans: What Do We Know?

[Symposium: The Economic Status of African-Americans]

By David T. Ellwood and Jonathan Crane

Journal of Economic Perspectives, Fall 1990

The changes in family structures of black American households over the past three decades have been remarkable. In 1960, 33 percent of black children were not living with two parents. By 1988, the figure had risen to 61 percent. During the same period, th...

Bimetallism Revisited

By Milton Friedman

Journal of Economic Perspectives, Fall 1990

Until recently, I shared what I take to be the conventional view of monetary economists about the relative merits of bimetallism and gold monometallism: namely, that bimetallism is an unstable and unsatisfactory monetary standard involving frequent shifts...

On the Economics of State Lotteries

By Charles T. Clotfelter and Philip J. Cook

Journal of Economic Perspectives, Fall 1990

This article examines several aspects of the economics of state lotteries, focusing primarily on the demand for lottery products. We begin by giving a descriptive overview. The succeeding sections examine the motivations for playing lottery games and evid...

Remembering Joseph A. Pechman, 1918-1989

By Henry J. Aaron

Journal of Economic Perspectives, Fall 1990

Joe Pechman joined the staff of the Brookings Institution in 1960. He graduated from the City College of New York in 1937 and the University of Wisconsin in 1942. During World War II, he worked in the war time Office of Price Administration and later serv...

Distinguished Fellow: Arthur S. Goldberger and Latent Variables in Econometrics

By Gary Chamberlain

Journal of Economic Perspectives, Fall 1990

In 1988, Arthur Goldberger was honored as a Distinguished Fellow of the American Economic Association. The citation notes that "his early applications and analysis of empirical models brought understanding to a whole generation of econometricians." Goldbe...