PUBLICATIONS

Books

1.         Optimum Pricing, Inflation, and the Cost of Price Adjustment

            Sheshinski, E. and Y. Weiss (eds.), M.I.T. Press, 1993.

2.        Entrepreneurship Innovation and the Growth Mechanism of Free Market Economics , Sheshinski, E. and W. Baumol (eds.),

           Princeton University Press 2006. Book description

3.         The Economic Theory of Annuities, Princeton University Press, 2007.
Book description
Book review by Laurence J. Kotlikoff,  forthcoming in Pension Research Council (Wharton School, University of Pennsylvania) 

Book review by Michael Hurd , Journal of Economic Literature, Vol.  XLVI (December 2008)

Articles

1.   "The Nature and Implications of the Reswitching of Techniques," Quarterly Journal of Economics, November 1966, 80, 526-559 (with M. Bruno and E. Burmeister). Reprinted in P. Newman (ed.), Readings in Mathematical Economics, Johns Hopkins University Press, Baltimore, 1968, Part II, 68-95.

2.   "Optimal Accumulation with Learning by Doing," in K. Shell (ed.), Essays on the Theory of Optimal Economic Growth, M.I.T. Press, Cambridge, 1967, 31-52.

3.   "Economic Growth and Factor Substitution," International Economic Review, June 1967, 8, 242-251 (with M. Kemp and P. Thanh).

4.   "Balanced Growth and Stability in the Johansen Vintage Model," Review of Economic Studies, April 1967, 34, 239-248.

5.   "Tests of the Learning by Doing Hypothesis," Review of Economics and Statistics, November 1967, 49, 568-577.

6.   "On the Sensitivity of the Level of Output to Savings: Embodiment and Disembodiment," Quarterly Journal of Economics, August 1967, 81, 524-528 (with D. Levhari).

7.   "On the Individual's Lifetime Allocation between Education and Work," Metroeconomica, October 1967, 20, 42-49.

8.     "The Badly Behaved Production Function ¾ Comment," Quarterly Journal of Economics, August 1968, 82, 524-525 (with M. Bruno and E. Burmeister).

9.     "A Non-Substitution Theorem in a Model with Fixed Capital," Southern Economics Journal, January 1969, 35, 273-276 (with E. Burmeister).

10.   "Stability of Growth Equilibrium in the Neoclassical Vintage Model," International Economic Review, June 1969, 10, 141-143.

11.   "On the Sensitivity of the Level of Output to Savings: Embodiment and Disembodiment: Comment," Quarterly Journal of Economics, May 1969, 83, 347-348 (with F.M. Fisher and D. Levhari).

12.   " Theorem on Returns to Scale and Steady State Growth " Journal of Political Economy, February 1969, 77, 60-65 (with D. Levhari).

13.   "The Relation between the Rate of Return and Rate of Technical Progress,"

Review of Economic Studies, June 1969, 36, 363-379 (with D. Levhari).

14.   "Switching of Techniques and Consumption Per Head: An Economic Clarification," Quarterly Journal of Economics, August 1970, 86, 533-535.

15.   "A Microeconomic Production Function," Econometrica, May 1979, 38, 550-573 (with D. Levhari).

16.   "The Factor Price Frontier with Embodied Technical Progress," American Economic Review, December 1970, 60. 807-813 (with D. Levhari).

17.   "Welfare Aspects of a Regulatory Constraint," American Economic Review, March 1971, 61, 175-178.

18.   "On the Theory of Optimal Income Taxation," 1971, Journal of Public Economics, forthcoming.

19.   "Lifetime Excess Burden of a Tax," Journal of Political Economy, January 1972, 80, 139-147 (with D. Levhari).

20.   "A Production Function for Repairmen Problem," Review of Economic Studies, July 1972, 39, 241-250 (with K.J. Arrow and D. Levhari).

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

22.   "Relations between a Social Welfare Function and the Gini Index of Income Inequality," Journal of Economic Theory, February 1972, 4. 94-100.

23.   "Optimum vs. Equilibrium Land Use Pattern and Congestion Tolls," Bell Journal of Economics and Management Science, Autumn 1973, 4, 619-636 (with D. Pines and Y. Oron).

24.   "Congestion and the Optimum City Size," American Economic Review, Papers and Proceedings, May 1973, 63, 61-67.

25.   "An Example of Income-Tax Schedules which are Optimal for the Maxmin Criterion," 1973, International Economic Review, forthcoming.

26.   "Experience and Productivity in the Israel Diamond Industry," Econometrica, March 1974, 41, 239-253 (with D. Levhari).

27.   "The Economics of Queues: A Brief Survey," in M.S. Balch, D.L. McFadden and S.Y. Wu (eds.), Essays on Economic Behavior under Uncertainty, North-Holland, Amsterdam, 1974, 195-212 (with D. Levhari).

28.   "Short and Long-Run Effects of Interest-Income and Estate Taxes," Metroeconomica, December 1974, 26, 109-129.

29.   "The Effect of Nuisances Associated with Urban Traffic on Suburbanization," Journal of Urban Economics, 1974, 1, 382-394 (with D. Pines and Y. Oron).

30.   "A Note on the Progressivity of Optimal Public Expenditures," Quarterly Journal of Economics, February 1975, 89, 138-144 (with J. Green).

31.   "Competitive Inefficiencies in the Presence of Constrained Transactions," Journal of Economic Theory, June 1975, 10, 343-357 (with J. Green).

32.   "Demand Fluctuations, Capacity Utilization and Industry Equilibrium," American Economic Review, December 1976, 66, 731-742 (with J. Drיze).

33.   "Income Taxation and Capital Accumulation," Quarterly Journal of Economics, February 1976, 90, 138-149.

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

35.   "Integration Effects of Firms Subject to Regulation," Bell Journal of Economics and Management Science, Spring 1976, 7, 308-313 (with Y. Peles).

36.   "Price Quality and Quantity Regulation in Monopoly Situations," Economica, May 1976, 43, 127-137.

37.   "The Supply of Communal Goods and Revenue Sharing," in M. Feldstein and R. Inman (eds.), Economics of the Public Services, MacMillan, London, 1977, ch. 11, 253-273.

38.   "Adverse Selection and Optimum Insurance Policies," in A.S. Blinder and P. Friedman (eds), Natural Resources, Uncertainty and General Equilibrium Systems: Essays in Memory of Raphael Lusky, Academic Press, New York, 1977, 113-122.

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

40.   "Budget Displacement Effects of Inflationary Finance," American Economic Review, September 1977, 67, 671-682 (with J. Green).

41.   "Taxation, Monetary Policy and Inflation," in A. Sandmo (ed.) Essays in Public Economics (D.C. Heath and Co., Lexington, 1978), ch. 15.

42.   "Note on Two-Part Tariff, Regulation and Distribution," Journal of Pubic Economics, forthcoming.

43.   "Inflation and Taxes in a Growing Economy with Debt and Equity Finance," Journal of Political Economy, April 1978, 87, 53-70 (with M. Feldstein and J. Green).

44.   "Efficiency in the Optimum Supply of Public Goods," Econometrica, March 1978, 46, 269-284 (with L. Lau and J. Stiglitz).

45.   "A Model of Social Security and Retirement Decision," Journal of Public Economics, December 1978, 10, 337-360.

46.   "Optimal Redistributive Taxation when Individual Welfare Depends upon Relative Income," Quarterly Journal of Economics, November 1978, 92, 589-601 (with M. Boskin).

47.   "Optimum Capital Gains Taxation under Limited Information," Journal of Political Economy, December 1978, 86, 1143-1158 (with J. Green).

48.   "Note on the Relation between Quantity and Price Anomalies under Externalities," Economics Letters, December 1978, 1, 111-115.

49.   "Demand for Fixed Factors, Inflation and Adjustment Costs," Review of Economic Studies, January 1979, 46, 31-45 (with Y. Weiss).

50.   "Approximating the Efficiency Gain of Tax Reforms," Journal of Public Economics, April 1979, 11, 179-196 (with J. Green).

51.   "Corporate Financial Policy and Taxation in a Growing Economy," Quarterly Journal of Economics, August 1979, 93, 411-432 (with M. Feldstein and J. Green).

52.   "Uncertainty and Optimal Social Security Systems," Quarterly Journal of Economics, May 1981, 95, 191-206 (with Y. Weiss). Also in Collard, D., R. Lecomber and M. Slater (eds.), Income Distribution: The Limits to Redistribution, Scientechnica, 1980, 71-80.

53.   "Inflation, Costs of Adjustment and the Real Price Amplitude: Am Empirical Study," in Flanders, J. and A. Razin (eds.), Development in an Inflationary World, Academic Press, 1981, 195-207 (with A. Tishler and Y. Weiss).

54.   "Inequality Within and Between Families," Journal of Political Economy, February 1982, 105-127 (with Y. Weiss). Also in Helpman, E., A. Razin and E. Sadka (eds.), Social Policy Evaluation: An Economic Perspective, Academic Press, 1983, 255-276.

55.   "The Effects of Public Sector Wage Policy on Income Distribution and Labor Allocation," in R. Haveman (ed.) Public Finance and Public Employment, Wayne State University Press, 1982. Also in Helpman, E., A. Razin and E. Sadka (eds.), Social Policy Evaluation: An Economic Perspective, Academic Press 1983, 299-309.

56.   "Optimal Tax Treatment of the Family: Married Couples," Journal of Public Economics, April 1983, 20, 281-298 (with M. Boskin).

57.   "Optimum Pricing Policy under Stochastic Inflation," Review of Economic Studies, July 1983, 50, 513-529.

58.   "On Industry Equilibrium under Uncertainty," Journal of Economic Theory, June 1984, 33, 88-97 (with J. Dre'ze).

59.   "The Normative and Positive Aspects of Taxation of Imputed Rent on Owner-Occupied Housing," Journal of Public Economics, June 1985, 27, 1-24 (with D. Pines and E. Sadka).

60.   "Second-Best Theory: Ramsey-Boiteux Pricing," in Arrow, K., and M. Intriligator (eds.), Handbook of Mathematical Economics, 3, North-Holland, 1986, ch. 25 (with K. Hagen).

61.   "Towards a Theory of Planning," in Heller, W.R. Starr and D. Starrett (eds.), Equilibrium Analysis: Essays in Honor of Kenneth J. Arrow. Cambridge University Press, 1986, ch. 7. 135-158 (with M. Intriligator).

62.   "Earnings Uncertainty and Intergenerational Transfers," in Helpman, E., A. Razin and E. Sadka (eds.), Economic Effects of the Government Budget, MIT Press, 1988, ch. 5.

63.   "A Simple Model of Optimum Lifecycle Consumption with Earnings Uncertainty," Journal of Economic Theory, October 1989, 49, 1, 169-178.

64.   "Production Externalities and Long-Run Equilibria: Bargaining and Pigovian Taxation," Economic Inquiry, July 1989, 17, 453-571 (with J. Hamilton and S. Slutsky).

65.   "Note on the Shape of the Optimum Income Tax Schedule," Journal of Public Economics, November 1989, 40, 201-216.

66.   "Optimum Earnings and Capital Income Taxes in a Life-Cycle Model," in Krause-Junk (eds.), Public Finance and Steady Economic Growth, Proceedings of the International Institute of Public Finance, 1989.

67.   "Treatment of Capital Income in Recent Tax Reforms and the Cost of Capital in Industrialized Countries," Tax Policy and the Economy, 4, National Bureau of Economic Research, MIT Press, 1990, 25-42.

68.   "Staggered and Synchronized Price Policies under Inflation: The Multiproduct Monopoly Case," Review of Economic Studies, April 1992, 59, 331-359 (with Y. Weiss).

69.   "Externalities and Compulsory Vaccinations," Journal of Public Economics, 1991, 45, 69-90 (with D. Brito and M. Intriligator).

70. "Towards Privatization: Decentralization of Large Conglomerates and Debt Allocation," Proceedings of the Tenth World Congress of the International Economic Association, September 1992.

71.  "Quantity Competition in a Spatial Model", Canadian Journal of Economics, 27, November 1994, 403-417 (with J. Hamilton, J. Klein and S. Slutsky).

72. "Economic Aspects of Optimal Disability Benefits," Journal  of Public Economics, 1995, May 1995, 57, 1-23 (with P. Diamond).

73. "Privatization and the Distribution of Income in the Commons," Journal of Public Economics May 1997, 64, 181-206 (with D.Brito, and M. Intriligator).

74. "Alternatives to the Strait of Hormuz", Energy Journal, 1998, 19, 135-147. (with D. Brito).

75.  "Romania's Pension System: From Crisis to Reform", in M. Feldstein and H. Siebert (editors), Social Security Pension Reform in Europe, The Univeristy of Chicago Press,) 2002, 401-438 (with G. deMenil).

76. “Privatization and it’s Benefits: Theory and Evidence”’ in Basu, K., P. Nayak and R. Ray (eds.) Markets and  Governments, (Oxford University Press, 2003), pp. 185-243,
Also in CES Economic Studies (2003), 49, 429-60. (with L.F López-Calva)

77. “On Atmosphere Externality and Corrective Taxes” Journal of Public Economics, 2004, vol. 88, no. 3, pp. 727-734

78.  "Annuities and Retirement", in  D. Aliprantis, K. Arrow , P. Hammond , F. Kubler,
H-M Wu and N. Yannelis (eds) Assets, Beliefs, and Equilibria in Economic Dynamics
 (Springer, 2003), 27-54.

79. “Optimum and Risk-Class Pricing of Annuities”, The Economic Journal, (forthcoming).

80. "Note on Longevity and Aggregate Savings", Swedish Journal of Economics, (forthcoming).

81. "Private Information, Coasian Bargaining and The Second Welfare Theorem", Journal of Public Economics, (forthcoming) (with D. Brito, J. Hamilton, M. Intriligatior and S. Slutsky).

82. "Transfers as a Means to Combat European Spillovers", Jahrbücher für Nationalökonomie und Statistik ,(forthcoming) (with Dirk Rübbelke).

83. "Planning for the Optimal Mix of Paygo Tax and Funded Savings", Journal of Pension Economics and Finance, March 2005, vol. 5(1), 1-25 (with G. DeMenil and F. Martin).

84. "Optimum Delayed Retirement Credit", in G. DeMenil, R. Fenge and  P. Pestieau, (eds.) Strategies for Pension Reform, (MIT Press, 2006) .

85. Pharmaceutical Patenting in Developing Countries" in Sheshinski, E. and W. Baumol (eds.)
Entrepreneurship Innovation and the Growth Mechanism of Free Market Economics (Princeton University Press, 2006).

86. "Quasi-Hyperbolic Discounting and Social Security Systems" European Economic Review, 2007, 51, 1247-1262. (with M. Schwarz).

87. "Optimum Commodity Taxation in Pooling Equilibria", Journal of Public Economics, 2007, 91 (7), 1565-1574

88.  "Policies To Internalize Reciprocal International Spillovers" Economica, (forthcoming) (with M. 

       Altemeyer-Bartscher and D. Rübbelke).

89. "Refundable Annuities", Journal of Public Economic Theory (forthcoming).