| Institution: | 1. University of Oregon, U.S.A., University of St. Andrews, UK;2. Bank of Finland, Finland;3. University of Wisconsin–Madison, U.S.A.;4. The authors thank Chryssi Giannitsarou, Larry Samuelson, Felix Kubler, and two anonymous referees for useful comments. Financial support from National Science Foundation Grant No. SES‐0617859 and ESRC grant RES‐000‐23‐1152 is gratefully acknowledged. Please address correspondence to: Noah Williams, Department of Economics, University of Wisconsin–Madison, William H. Sewell Social Science Building, Room 7434, 1180 Observatory Drive, Madison, WI 53706‐1393. Phone: (608) 263‐3864. E‐mail: . |
