NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Working Papers by Herschel Grossman

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Working Papers

February 2005The War Against Drug Producers
with Daniel Mejia: w11141

Published: Herschel Grossman & Daniel Mejía, 2008. "The war against drug producers," Economics of Governance, Springer, vol. 9(1), pages 5-23, January. citation courtesy of

July 2004Peace and War in Territorial Disputes
w10601
December 2003Choosing Between Peace and War
w10180

Published: Herschel I. Grossman, 2013. "Choosing Between Peace and War," Annals of Economics and Finance, Society for AEF, vol. 14(3), pages 1085-1113, December. citation courtesy of

June 2003". . . and six hundred thousand men were dead."
w9793
Distributional Disputes and Civil Conflict
w9794

Published: Herschel Grossman, 2003. "Distributional Disputes and Civil Conflict," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 40(121), pages 608-616. citation courtesy of

April 2003"Fifty-four Forty or Fight!"
w9635
March 2002A Theory of the Informal Sector
with Yoshiaki Azuma: w8823

Published: Yoshiaki Azuma & Herschel I. Grossman, 2008. "A Theory Of The Informal Sector," Economics and Politics, Blackwell Publishing, vol. 20(1), pages 62-79, 03. citation courtesy of

January 2002Constitution or Conflict?
w8733

Published: Herschel I. Grossman, 2004. "Constitution or Conflict?," Conflict Management and Peace Science, Peace Science Society (International), vol. 21(1), pages 29-42, February. citation courtesy of

April 2001Educational Inequality
with Yoshiaki Azuma: w8206

Published: Yoshiaki Azuma & Herschel I. Grossman, 2003. "Educational Inequality," LABOUR, CEIS, Fondazione Giacomo Brodolini and Blackwell Publishing Ltd, vol. 17(3), pages 317-335, 09. citation courtesy of

February 2001Annexation or Conquest? The Economics of Empire Building
with Juan Mendoza: w8109
September 2000Inventors and Pirates: Creative Activity and Intellectual Property Rights
w7898

Published: Grossman, Herschel I. "Inventors And Pirates: Creative Activity And Intellectual Property Rights," European Journal of Political Economy, v21(2,Jun), 2005, 269-285. citation courtesy of

The Creation of Effective Property Rights
w7897

Published: Grossman, Herschel I. "The Creation Of Effective Property Rights," American Economic Review, 2001, v91(2,May), 347-352. citation courtesy of

June 1999Producers and Predators
w6499

Published: Pacific Economic Review, vol. 3, no. 3, pp. 169-187, 1998.

February 1998Human Capital and Predation: A Positive Theory of Educational Policy
with Minseong Kim: w6403
December 1997Predation, Efficiency, and Inequality
with Minseong Kim: w6301

Published: Herschel I. Grossman & Minseong Kim, 2002. "Predation, Efficiency, and Inequality," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 158(3), pages 393-, September. citation courtesy of

November 1997"Make Us a King": Anarchy, Predation, and the State
w6289

Published: Grossman, Herschel I. "'Make Us A King': Anarchy, Predation, And The State," European Journal of Political Economy, 2002, v18(1,Mar), 31-46. citation courtesy of

April 1997Sovereign Debt and Consumption Smoothing
with Taejoon Han: w5997

Published: Journal of Monetary Economics, Vol. 44, no. 1 (August 1999): 149-158. citation courtesy of

August 1996Inequality, Predation and Welfare
with Minseong Kim: w5704
November 1995Predation and Accumulation
with Minseong Kim: w5357

Published: Journal of Economic Growth, vol. 1, pp. 333-350, September 1996. citation courtesy of

May 1995American Fiscal Policy in the 1990's
w5109

Published: Economic Notes, vol.24, 1995, no.2, pp.231-238.

October 1993Population Increase, Extralegal Appropriation, and the End of Colonialism
with Murat Iyigun: w4488

Published: Economica, Vol. 64 (August 1997): 483-493.

August 1993The Profitabality of Colonialism
with Murat Iyigun: w4420

Published: "The Profitability of Colonial Investment" Economics & Politics, vol. 7, November 1995, pp. 229-241.

August 1991A Theory of War Finance
with Taejoon Han: w3799

Published: Defence Economics, Vol. 4, pp. 33-44, (1993).

April 1991Monetary Economics: A Review Essay
w3686

Published: Journal of Monetary Economics, Vol. 28, No. 2, pp. 323-345, (October 1991). citation courtesy of

March 1989Rational Bubbles in Stock Prices?
with Behzad T. Diba: w1779

Published: Diba and Grossman, "Explosive Rational Bubbles in Stock Prices?" from American Economic Review, Vol. 78, No. 3, June 1988, pp. 520-530.

October 1988The Political Economy of War Debts and Inflation
w2743

Published: "The Political Economy of War Debt and Inflation." From Monetary Policy for A Changing Financial Environment, edited by William S. Haraf and Phillip Cagan, pp. 166-181 and 210-211. Washington, DC: The AEI Press, 1990.

September 1988Rational Inflationary Bubbles
with Behzad T. Diba: w2004

Published: Diba, Behzad T. and Herschel I. Grossman. "Rational Inflationary Bubbles," Journal of Monetary Economics, Vol. 21, No. 1, pp. 35-46, (January 1988). citation courtesy of

August 1988Proprietary Public Finance, Political Competition, and Reputation
with Suk Jae Noh: w2696

Published:

November 1987Lending to an Insecure Sovereign
w2443
May 1987Nominally Sovereign Debt, Risk Shifting, and Reputation
with John B. Van Huyck: w2259

Published: Journal of Economics and Business, Vol. 45, Nos. 3 & 4, pp. 341-352 (August , October 1993) citation courtesy of

A Generic Model of Monetary Policy, Inflation, and Reputation
w2239

Published: "Inflation and Reputation with Generic Policy Preferences." From Journal of Money, Credit and Banking, Vol. 22, No. 2, pp. 165-177, (May 1990).

July 1986On the Inception of Rational Bubbles in Stock Prices
with Behzad T. Diba: w1990

Published: Diba and Grossman, "The Theory of Rational Bubbles in Stock Prices," from Economic Journal, Vol. 98, No. 3, September 1988.

April 1986The Illusion of Stabilization Policy?
with Steven L. Green: w1889

Published: Green, Steven L. and Herschel I. Grossman."The Illusion of Stabilization Policy," Carnegie-Rochester Conference Series on Public Policy, Vol. 25, Autumn 1986. citation courtesy of

July 1985Sovereign Debt as a Contingent Claim: Excusable Default, Repudiation, and Reputation
with John B. Van Huyck: w1673

Published: The American Economic Review, Vol. 78, No. 5, pp. 1088-1097, (December 1988). citation courtesy of

May 1985The Impossibility of Rational Bubbles
with Behzad T. Diba: w1615

Published: Diba, Behzad T. and Herschel I. Grossman. "On the Inception of Rational Bubbles," Quarterly Journal of Economics, Vol. 102, No. 409, August 1987.

November 1984Seigniorage, Inflation, and Reputation
with John B. Van Huyck: w1505

Published: Grossman, Herschel I. and John B. Van Huyck. "Seigniorage, Inflation, and Reputation," Journal of Monetary Economics, Vol. 18, No. 1, July 1986, pp. 21-31. citation courtesy of

June 1984Counterfactuals, Forecasts, and Choice-Theoretic Modelling of Policy
w1381
March 1984Rational Bubbles in the Price of Gold
with Behzad T. Diba: w1300

Published:

  • "Explosive Bubbles in Stock Prices", American Economic Review, Vol. 78, no. 3 (1988): 520-530.
  • "The Theory of Rational Bubbles in Stock Prices", Economic Journal, Vol. 98 no. 3 92 (1988): 746-754. Sep., 1988

June 1983Shunto, Rational Expectations, and Output Growth in Japan
with William S. Haraf: w1144

Published: Empirical Economics, Vol. 14, No. 3, pp. 193-213, (1989). citation courtesy of

1983Rational Asset Price Bubbles
with Behzad T. Diba: w1059

Published: Diba, Behzad T. and Herschel I. Grossman. "The Theory Of Rational Bubbles In Stock Prices," Economic Journal, 1988, v98(392), 746-754.

October 1982The Natural-Rate Hypothesis, the Rational-Expectations Hypothesis, and the Remarkable Survival of Non-Market-Clearing Assumptions
w1010

Published: Grossman, Herchel I. "The Natural-Rate Hypothesis, the Rational-Expectations Hypothesis, and the Remarkable Survival of Non-Market-Clearing Assumptions." Carnegie-Rochester Conference Series on Public Policy, ed. K. Brunnerand A. Meltzer, Vol. 19, (1983), pp. 225-245. citation courtesy of

August 1982Risk Shifting, Statistical Discrimination and the Stability of Earnings
with Warren T. Trepeta: r0302

Published: Grossman, Herschel I. and Trepeta, Warren T. "Risk Shifting, Statistical Discrimination and the Stability of Earnings." Studies in Labor Markets, edited by Sherwin Rosen, pp. 295-317. Chicago: University of Chicago Press, 1981.

July 1982The American Fiscal Deficit: Facts and Effects
w0934

Published: Grossman, Herschel I. "The American Fiscal Deficit: Facts and Effects." American Enterprise Institute, (November 1982).

December 1981Employment Effects of the Federal Minimum Wage
with John F. Boschen: w0812
October 1981Tests of Equilibrium Macroeconomics Using Contemporaneous Monetary Data
with John F. Boschen: w0558

Published: Boschen, John F. and Grossman, Herschel I. "Tests of Equilibrium Macroeconomics Using Contemporaneous Monetary Data." Journal of Monetary Economics, Vol. 10 (1982), pp. 309-333. citation courtesy of

June 1981Familial Love and Intertemporal Optimality
w0695
April 1981Indexation of the Minimum Wage with Rational Expectations
w0653
The Federal Minimum Wage, Inflation, and Employment
with John F. Boschen: w0652

Published: Boschen, John F. and Grossman, Herschel I. "The Federal Minimum Wage, Employment, and Inflation. Report of the Minimum Wage Study Commission, Vol. VI,(June 1981), pp. 19-43.

Rational Expectations, Business Cycles, and Government Behavior
r0155

Published:

August 1980Incomplete Information, Risk Shifting, and Employment Fluctuations
w0534

Published: Grossman, Herschel I. "Incomplete Information, Risk Shifting, and Employment Fluctuations." Review of Economic Studies, Vol. XLVIII, No. 152 (April 1981), pp. 189-197. citation courtesy of

July 1980Monetary Information and Macroeconomic Fluctuations
with John F. Boschen: w0498

Published: Boschen, John F. and Herschel I. Grossman. "Monetary Information and Macroeconomic Fluctuations." Modern Macroeconomic Theory, edited by J. P. Fitonssi, New Jersey: Barnes and Noble Books, (1983), pp. 173-184.

1980Risk Shifting, Unemployment Insurance, and Layoffs
w0424

Published:

  • Grossman, Herschel I, 1981. "Incomplete Information, Risk Shifting, and Employment Fluctuations," Review of Economic Studies, Blackwell Publishing, vol. 48(2), pages 189-97, April.
  • Grossman, Herschel. "Risk Shifting, Unemployment Insurance and Layoffs." The Economics of the Labour Market, edited by Hornstein, Grice, and Webb, pp. 259-277. London: Her Majesty's Stationery Office, 1981.

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