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KENNETH A FROOT AND PAUL D KLEMPERER
OLIVIER JEAN BLANC HARD AND DANNY QUAH
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abnormal return adjustment aggregate American Economic Review analysis assume assumption average behavior bequest constrained bond financing capital change in union coefficient column competitive complete turnover constraint consumption contract cyclical debt demand disturbances Discussants distribution dollar dummies dynamic effect elasticity empirical employment equation equilibrium estimated exchange rate expected fatalities firms forecast errors function highway Hotelling's lemma implies income increase individuals industry inflation interest rate labor costs Labor Economics licensing macroeconomic market share measure ment Monetary money demand negative negotiated nomic optimal output paper parameters percent period Policy predictions present value probability production profits Proposition Rational Expectations real business cycle real wage regression rent-seeking Review When Writing Robert sample Section shareholders Statistics strategic voting strike duration supply disturbances Table taxes theory tion Tobin's Q unexpected change union wealth University University of California-Berkeley variable variance voters wage rate welfare workers zero