Labor Economics.
Economic Growth.

1) "The Responsiveness of the Demand for Condoms to the Local Prevalence of AIDS," with V. Joseph Hotz and Tomas Philipson, Journal of Human Resources, 31(4), Fall 1996: 869-897.

2) "Ethnic Differences in School Departure: Does Youth Employment Promote or Undermine Educational Attainment?," with Marta Tienda, in G. Mangum and S. Mangum, editors Of Heart and Mind: Social Policy Essays in Honor of Sar A. Levitan, Michigan: Upjohn Institute Press, 1996: 93-110.

3) "Fertility Choices and Optimum Growth: A Theoretical and Empirical Investigation," Ph.D. dissertation, University of Chicago, 1995.

4) "Initial Labor Market Experiences of Minority and Nonminority Men," with Marta Tienda, Lixin Xu and V. Joseph Hotz, in Industrial Relations Research Association 46th Annual Proceedings, pp. 256-265, 1994.

5) "The Demand for Automobiles in Israel Under a Rational Expectations Model," M.A. thesis, Tel Aviv University, 1989.

Macroeconomics.
Israel Economics.
Capital Market.
Foreign Exchange Reserve Demand.

1) "Capital Market Reform-Objectives and Initial Results," Bank of Israel Economic Review 65 (July 1990), pp. 43-57.

2) (with D.Gottlieb),"Optimal International Reserves and Sovereign Risk," Journal of International Economics,33 (1992), pp. 345-362.

3) "The Inflation Target in Israel: Policy and Development," in A.G.Haldane (ed.), Targeting Inflation, Bank of England, 1995, pp.15-48.

Economic Growth.
Macroeconomics.
Population Economics.
International Economics.

1) "Technological Progress, Mobility and Growth" (with Tsiddon D.), American Economic Review , March 97.

2) "The Gender Gap Fertility and Growth" (with Weil D.), American Economic Review, June 1996 .

3) "Convergence Inferences from Theoretical Models" , Economic Journal, July 1996 .

4) "Income Distribution and Macroeconomics" (with Zeira J.) , Journal of Economic Studies, January 1993.

5) "A Two-Sector Overlapping Generations Model" Econometrica, November 1992.

Industrial Organization

Economic History of Palestine/Israel ca.1850-1970.

1) "Palestine in World War II: Some Economic Aspects," in The Sinews of War: Essays on the Economic History of World War II (eds.G.F Mills and H.Rockoff), Iowa State University Press, 1993, pp.59-82.with Metzer Jacob .

2) "Israeli Economic Policies, 1948-1951: Problems of the Evaluation" Journal of Economic History, 50 (March 1990), pp. 67-83.

3) "The Economic Regime During Israel's First Decade," in Israel : The first Decade of Independence (eds.S.Ilan Troen and Noah Lucas), New York, State University of New York Press, 1995, pp. 231-241 .

4) "Herzl's Economic Conception" (forthcoming) .

Economics of Information.
Microstructure of Financial Markets.
Industrial Organization.
Contract Theory.

1) "Differential Interpretation of Information in Inflation Forecasts "(with B. Zilberfarb), The Review of Economics and Statistics, forthcoming, May 1999.

2) "Payment for Order Flow on Nasdaq" (with L. Marx), Journal of Finance, February 1999.

3) "Effect of Market Reform on the Trading Cost and Depths of Nasdaq Stocks" (with M. Barclay, W. Christie, J. Harris, P. Schultz), Journal of Finance, February 1999 (lead article).

4) "Odd Eighths Avoidance as a Defense against SOES Bandits" (with L. Marx), Journal of Financial Economics, January 1999.

5) "The Effect of Transaction Costs on Stock Prices and Trading Volume," (with M. Barclay and L. Marx), Journal of Financial Intermediation, April 1998 (lead article).

6) "Nasdaq Market Structure and Spread Patterns" (with L. Marx), Journal of Financial Economics, July 1997.

7) "The Right to Return", Journal of Law and Economics, April 1996.

8) "Differential Interpretation of Information and Trade in Speculative markets" (with N. Pearson), Journal of Political Economy, August 1995.

9) "Contract Enforcement Institutions: Historical Perspective and Current Status in Russia" (with A. Greif), in Economic Transition in Eastern Europe and Russia, ed. E. Lazear, Hoover Institution, 1995.

10) "Peer Pressure and Partnerships" (with E. Lazear), Journal of Political Economy, August 1992.

Areas of Research:

Economics of Bureaucracy.
Economic Systems.

Selected Publications:

1) "On the Impossibility of Market Socialism", Eastern Economic Review , Summer 1993.

2) Trials of Transition: Economic Reforms in the Former Soviet Bloc , Westview Press , 1992. (editor, with Gur Ofer)

3) "The Market, Tautness, and Managerial Behavior in the Soviet-Type Economies" , European Economic Review , 1987.

Areas of Research:

Israel's Economic Relations with the Palestinian Territories and Jordan.
Tax Influences on the Price Index.
Economic Thinking in Ancient Jewish Literature.

Selected Publications:

1) "National Price Levels: Do Taxes Matter?" ,International Tax & Public Finance, 4:3, Forthcoming , August 1997.

2) "Economic Interrelations Among the Participants in the Middle East Peace Process" (with H. Awartani), The Middle East Journal, 50:2, Spring 1997.

3) "Ancient and Medieval Rabbinic Economic Thought : Definitions , Methodology and Illustration" ,in B.B Price , Ed., Ancient Economic Thought , London: Routledge, 1997, pp.78-98.

4) "The Economic Provisions of the Agreement between Israel and the PLO", Israel Law Review, 18:3-4, 1994 , pp. 347-373.

5) "Sex and the Leuthold-Experiment Free Rider: Some Results from an Israeli Sample" (with Y. Rubinstein), Journal of Economic Education, 27:3 , Summer 1996, pp. 238-257.

Recent Publications
1) with B. Eden: "The Effect of Different Financing Methods on School Integration". in Reuven Kahane, ed.: International Advancement and Distributive Justice.,The Magnes Press, 1995, pp. 375-389.

2) "A Comparison of the Labor Market Performance in the Central Asia European Republics of the Former Soviet Union 1989-1992". International Journal of Social Economics. vol.23, no.10/11 1996, pp. 209-225.

3) "Changes in School Enrollment Patterns: A Comparison Between Two Disadvantaged Groups". The Economics of Education Review. vol.25, No.3, pp. 289-301, 1996.

Current Work
4) with Michael Beenstock: Why Did the Probability of the Exiting Unemployment Decline? Israel 1969-1992. Falk Institute, DP96.12, December 1996.

5) with Eli Berman: Human Capital Investment and Non-participation. Falk Institute, DP 97.05, May 1997.

Areas of Research:
Empirical and Applied Microeconomics.
Industrial Organization.

Selected Publications:

1) "Product Innovation and the Business Cycle", with Boyan Jovanovic, International Economic Review, February 1997.

2) "Staggering and Synchronization in Price-Setting: Evidence form Multiproduct Firms", with Daniel Tsiddon, American Economic Review, 86, December 1996.

3) "R&D, Investment and Industry Dynamics", with Rafi Rob, Journal of Economics & Management Strategy, 5, 2, Summer 1996.

4) "The Behavior of Prices and Inflation: An Empirical Analysis of Disaggregated Price Data", with Daniel Tsiddon, Journal of Political Economy, 100, April 1992.

5)"Entry, Exit and Diffusion with Learning by Doing", with Boyan Jovanovic, American Economic Review, 79, September 1989.

Areas of Research:

Economic Development.
Human Resources (Health and Education, Labor Economics).
The Economics of the Middle East.

List of courses in the present year:

Graduate : Introduction to Econometrics .
Undergraduate : Economic Development.
Specials topics on the Economics of the Middle East.

Selected Publications:

1) "Export and Output Supply Functions with Endogenous Domestic Prices," Journal of International Economics, February 1995, 119-141, (with J.Newman and P. de Vreyer) .

2) "Quality of Health Care, Survival and Health Outcomes in Ghana," Journal of Health Economics, 15, No. 3 (1996), pp. 333-358 (with D.Thomas ,and J.Strauss).

3) "Public Policy and Anthropometric Outcomes in Cote d'Ivore," Journal of Public Economics, 61, No. 3 (1996), pp. 155-192 (with D.Thomas and J.Strauss).

4) "School Supply Constraints and Children's Educational Outcomes in Rural Ghana," Journal of Development Economics, Vol. 51, December 1996, pp. 291-313.

5) "French Language Skills and the Return to Schooling in Morocco," Forthcoming, Journal of Labor Economics ,1997 (with J.Angrist).

Areas of Research:

Economics of Transition.
Health Economics.

List of courses in the present year:

Macroeconomics.
Health Economics.
Economics of Transition.

Selected Publications:

1) "Soviet Economic Growth 1928-1985", Journal of Economic Literature,Vol. 25 (December 1987), pp. 1767-1833.

2) Reforming Planned Economics in an Integrated World Economy , (with B.Bosworth) Brookings,1995.

3) "Pioneers for Profit: St.Petersburg Entrepreneurs in Services" , (with Martha Melo and Olga Sambler ) The World Bank Economic Review , Vol.9 , No.3 , pp 425-450,1995.

4) "Health Sector Reform in Russia: The Heritage of the Private / Public Mix" (with Dov Chernichovski and Elena Potapchick), Moct-Most, Vol. 6, No. 3, 1996.

5) "New Trends in the Welfare State: The Public / Private Mix" (Hebrew, mimeo.).

Areas of Research:

Public Economics.

Selected Publications:

Book
1) Optimum Pricing, Inflation, and the Cost of Price Adjustment, Sheshinski, E. and Y. Weiss (eds.), M.I.T. Press, 1993.

2) "The Optimal Linear Income Tax," Review of Economic Studies, July 1972, 39, 297-302. Reprinted in E.S. Phelps (ed.), Economic Justice, Penguin, London, 1973, ch.17.

3) "Direct Versus Indirect Remedies for Externalities," Journal of Political Economy, August 1976, 84, 797-808 (with J.Green).

4) "Inflation and Costs of Price Adjustment," Review of Economic Studies, June 1977, 44, 287-304 (with Y.Weiss).

4) "Economic Aspects of the Optimal Disability Benefits," Journal of Public Economics, 1995, May 1995, 57, 1-23.

Areas of Research:

Economic History.

Selected Publications:

1) (with Gandal, Neil) "Tickling the Tolerance Currency Reputation and Opportunism in Medieval France." Journal of Money Credit and Banking , forthcoming (1997).

2) "William Huskisson and the Bullion Controversy-1810. " European Journal of the History of Economic Thought, forthcoming (1997).

3) "Debasements, Royal Revenues, and Inflation in France During the Hundred Years' War,1415-1422." The Journal of Economic History, 53,1 (1993): 44-70.

4 ) "Missing Bullion or Missing Documents: A Revision and Reappraisal of French Minting Statistics: 1385-1415." The Journal of European Economic History, 19,1 (1990): 147-162.

Areas of Research:

Economics Growth Processes.
Technological Change.
Technology Infrastructure Policy.
R&D Policy.
National Systems of Innovation.

Selected Publications:

1) "Introduction" and "Trends in TI and TIP", in Technology Infrastructure Policy (TIP): An International Perspective, Kluwer Publishers, January 1996.

2) "A Catalytic and Evolutionary Approach to Horizontal Technological Policies", Research Policy April 1997.

3) "R&D and Technology Policy in Learning Processes" (1996), World Development, Vol 23, No. 3,May.

4) "Evolutionary Product Differentiation and Market Building in Turbulent Environments" with E. Zuscovitch, in Economics of Innovation and New Technology, 1996.

5) "Implications of Organizational Learning for Horizontal Technology Policies", Chapter 5 in Latecomers in the Global Economy, L. Tsipouri & M. Storper (eds) forthcoming 1998, Routledge.

6) "Paradigmantic Shifts in National Systems of Innovation" with R. Galli, Chapter in C. Edquist (ed): Systems of Innovation: Technologies, Institutions and Organizations, Cassel 1997.

7) " Policies for Promoting Enterprise Restructuring in National Systems of Innovation: Triggering Cumulative Learning and Generating System Effects", in STI Review (22) , Special Issue on "New Rationale and Approaches in Technology and Innovation Policy", OECD, 1998.

8) "Market Stimulating Technology Policies in Developing Countries: A Framework with Examples from East Asia" with S. Lall, World Development, Vol 26, No 8, pp.1396 (1998).

9) "The Learning Approach to Horizontal Technology Policies: An Evolutionary and Systems Perspective", forthcoming in volume edited by A. Bartzokas, Routledge.

10) Technology Infrastructure Policy (TIP): An International Perspective, M. Teubal(principal), D. Foray, M. Justman, E. Zuscovitch (eds.), Kluwer Publishers, 1996.



Dr. Eyal Winter (on leave)

Phone:5883083 Room:4221 mseyal@pluto.mscc.huji.ac.il

Prof. Menahem Yaari (on leave)

Phone:5881030 Room:4219

Dr. Yishay Yafeh

Phone:5883246 Room:5220 msyafeh@pluto.mscc.huji.ac.il
Areas of Research:

Industrial Organization.
The Japanese Economy.
Financial Intermediation.

Selected Publications:

1) "Corporate Ownership, Profitability and Bank-Firm Ties: Evidence from the American Occupation Reforms in Japan," Journal of the Japanese and International Economies, Vol. 9, June 1995.

2) "Japan's Corporate Groups: Collusive or Competitive? An Empirical Analysis of Keiretsu Behavior" (with David Weinstein), Journal of Industrial Economics, Vol. 43, December 1995.

3) "On the Costs of a Bank-Centered Financial System: Evidence from the Changing Main Bank Relations in Japan" (with David Weinstein), forthcoming, Journal of Finance.



Prof. Shlomo Yitzhaki

Phone:5883249 Room:4211 msruhama@pluto.mscc.huji.ac.il
Areas of Research:

Income Distribution.
Public Finance.
Decision Making under Risk.

Selected Publications:

1) "A Note on Optimum Taxation and Administrative Costs", American Economic Review, 69, No 3, June 1979, pp. 475-80.

2) "On the Relation Between Return and Income", Quarterly Journal of Economics, February 1987, pp. 77-95.

3) (with Slemrod, Joel) "The Optimal Size of a Tax Collection Agency", Scandinavian Journal of Economics, 89, No. 2, 1987, pp. 183-192.

4)(with Joel Slemrod) "Welfare Dominance : An Application to Commodity Taxation", American Economic Review, 81, No. 3, June 1991, pp. 480-496.

4) "On Using Linear Regression in Welfare Economics", Journal of Business & Economic Statistics, 14, 4 (October), 1996, pp. 478-86.



Dr.Joseph Zeira

Phone:5883256 Fax: 5816071 Room: 4224 Office Hour: Tue 11:00-12:00 mszeira@mscc.huji.ac.il
Areas of Research:

Macroeconomics.
Economic Policy .
Economic Growth.
Information and Learning.
International Macro.

Selected Publications:

1) "Investment as a Process of Search," Journal of Political Economy, 95 (1987), 204-210.

2) "Risk and Capital Accumulation in a Small Open Economy," Quarterly Journal of Economics, 102 (1987), 265-279.

3) "Credit Rationing in an Open Economy," International Economic Review, 32 (1991), 959-972.

4) "Income Distribution and Macroeconomics," with Oded Galor, Review of Economic Studies, 60 (1993), 35-52.

5) "Informational Cycles," Review of Economic Studies, 61 (1994), 31-44.

6) "Workers, Machines, and Economic Growth," Quarterly Journal of Economics, (forthcoming 1998).



The Hebrew University of Jerusalem, Department of Economics
copyright ©

Economics Webmaster

Last Updated:15-Sep-97