OXFORD ECONOMIC PAPERS, of which eight numbers appeared at irregular intervals between 1938 and 1947, became a periodical in 1949 and is now published four times a year in January, April, July and October. Oxford Economic Papers Advanced Access contains papers that have reached corrected proof Managing Editors: J. Forder F. J. Teal stage, but have not yet been included within an issue. Advanced Access is updated weekly. Associate Editors SUBSCRIPTION RATES FOR 2018 INDIVIDUALS: £80 UK rest of world, E119 Europe; US$149. Single issues £25 UK rest of world, E37 A. Banerjee A. Beggs A. Chawluk K. Mayhew Europe; US$47. R. Minetti F. Zanetti INSTITUTIONS: £473 UK rest of world, E706 Europe; US$885. Single issues £136 UK, E203 Europe; US$255. Editorial Board ONLINE ONLY: £360 UK rest of world, E537 Europe; US$673. J. Abeler C. Adam A. Adams G. Ascari M. Ballester PRINT ONLY: £436 UK rest of world, E651 Europe; US$815. V. Berenguer-Rico C. Bliss S. Broadberry S. Cowan Please note: US$ rate applies to US & Canada, Euros applies to Europe, UK£ applies to UK and Rest V. Crawford S. Dercon J. Duffy P. Eso A. Ferrero of World. D. Gill S. Hansen Y. Heller D. Hendry D. Huffman Keep up-to-date with the latest contents of Oxford Economic Papers by registering for our email alerting B. Javorcik W. Kets A. Kock S. Mavroeidis M. McMahon service at https://academic.oup.com/my-account/email-alerts (this service is freely available to all, no subscription required). I. Moreno de Barreda K. O’Rourke Oxford Economic Papers (ISSN 0030-7653) is published quarterly in January, April, July and October A. Parakhonyak C. Quintana-Domeque F. Rauch by Oxford University Press, Oxford, UK. Oxford Economic Papers is distributed by Mercury Media P. Sedlacek H. Smith M. Stevens R. van der Ploeg D. Vines Processing, 187 E. Albert St., Rahway, NJ 07065, USA. Periodicals postage paid at Rahway, New Jersey and at additional entry points. Submissions to Oxford Economic Papers US POSTMASTER: send address changes to Oxford Economic Papers c/o Mercury International, 187 E. Albert St., Rahway, NJ 07065, USA. 1. Oxford Economic Papers is a general journal publishing papers in a wide range Please add sales tax to prices quoted. All prices include postage and for subscribers outside the USA of areas in theoretical and applied economics. We occasionally publish survey delivery is by standard air. Orders should be sent to Journals Subscriptions, Great Clarendon Street, articles in addition to original papers. Books are not reviewed, but substantial Oxford OX2 6DP. Tel: þ44(0)1865 353907, Fax: þ44(0)1865 353485, E-mail: email@example.com. In review articles will be considered. Japan, please contact: Journals Customer Services, Oxford Journals, Oxford University Press, 4-5-10-8F, 2. Submitted manuscripts must be original, unpublished contributions. They Shiba, Minato-ku, Tokyo, 1088386, Japan. Tel: (03) 5444 5858, Fax: (03) 3454 2929, E-mail: custserv.jp@ oup.com. must not be concurrently on offer to any other publication. 3. New papers can be submitted online at www.editorialmanager.com/oep. METHODS OF PAYMENT A more detailed guide for submitting papers can found there or authors can Payment should be made: (i) Cheque (payable to Oxford University Press, to Oxford University Press, contact the OEP ofﬁce for information. Cashiers Office, Great Clarendon Street, Oxford OX2 6DP, UK) in GB£ Sterling (drawn on a UK bank), 4. An abstract of strictly 150 words or less must accompany the paper. US$ Dollars (drawn on a US bank), or EUE Euros. (ii) Bank transfer to Barclays Bank Plc, Oxford Group Office, Oxford (bank sort code 20-65-18) (UK), overseas only Swift code BARC GB 22 5. All correspondence dealing with submissions should be sent to: (GB£ Sterling to account no. 70299332, IBAN GB89BARC20651870299332; US$ Dollars to account no. 66014600, IBAN GB27BARC20651866014600; EUE Euros to account no. 78923655, IBAN GB16BARC20651878923655). (iii) Credit card (Mastercard, Visa, Switch or American Express). Department of Economics OXFORD JOURNALS ENVIRONMENTAL AND ETHICAL POLICIES University of Oxford Oxford Journals, a division of Oxford University Press, is committed to working with the global Manor Road Building community to bring the highest quality research to the widest possible audience. Oxford Journals Manor Road will protect the environment by implementing environmentally friendly policies and practices wherever Oxford OX1 3UQ possible. Please see https://academic.oup.com/journals/pages/about_us/ethical_policies for further firstname.lastname@example.org information on environmental and ethical policies. Tel: +44 (0)1865 271 083 DOIs For information about DOIs and to resolve them, please visit http://doi.org/index.html Correspondence regarding subscriptions and copyright should be addressed to BACK ISSUES the publishers. The current year and two previous years’ issues are available from Oxford Journals. Previous volumes can be obtained from the Periodicals Service Company at http://www.periodicals.com/oxford.html or Periodicals Service Company, 11 Main Street, Germantown, NY 12526, USA. E-mail: psc@ periodicals.com. Tel: (518) 537-4700. Fax: (518) 537-5899. ADVERTISING Advertising is welcomed. Advertising, inserts and artwork enquiries should be addressed to Advertising and Special Sales, Oxford Journals, Oxford University Press, Great Clarendon Street, Oxford, OX2 6DP, UK. Tel: þ44 (0)1865 354767; Fax: þ44 (0)1865 353774. Email: email@example.com Oxford Economic Papers is typeset by Cenveo Publisher Services, Bangalore, India and printed by Bell & Bain Ltd., Glasgow, UK. # Oxford University Press 2018. All rights reserved; no part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without either the prior written permission of the Publishers, or a licence permitting restricted copying issued in the UK by the Copyright Licensing Agency Ltd, 90 Tottenham Court Road, London W1P 9HE, or in the USA by the Copyright Clearance Center, 27 Congress Street, Salem, Mass 01970. oxford is a trade mark of Oxford University Press Downloaded from https://academic.oup.com/oep/article-abstract/70/1/ii/4762423 by Ed 'DeepDyve' Gillespie user on 16 March 2018 O OEP 70(1)Cover.indd 2 EP 70(1)Cover.indd 2 1 13-12-2017 19:53:03 3-12-2017 19:53:03
Oxford Economic Papers – Oxford University Press
Published: Jan 1, 2018
It’s your single place to instantly
discover and read the research
that matters to you.
Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.
All for just $49/month
Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly
Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.
Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.
Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.
All the latest content is available, no embargo periods.
“Hi guys, I cannot tell you how much I love this resource. Incredible. I really believe you've hit the nail on the head with this site in regards to solving the research-purchase issue.”Daniel C.
“Whoa! It’s like Spotify but for academic articles.”@Phil_Robichaud
“I must say, @deepdyve is a fabulous solution to the independent researcher's problem of #access to #information.”@deepthiw
“My last article couldn't be possible without the platform @deepdyve that makes journal papers cheaper.”@JoseServera