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Front Matter Source: The Canadian Journal of Economics / Revue canadienne d'Economique, Vol. 37, No. 4 (Nov., 2004) Published by: Wiley on behalf of the Canadian Economics Association Stable URL: http://www.jstor.org/stable/3696110 . Accessed: 14/06/2014 22:54 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms.jsp . JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact [email protected]. . Wiley and Canadian Economics Association are collaborating with JSTOR to digitize, preserve and extend access to The Canadian Journal of Economics / Revue canadienne d'Economique. http://www.jstor.org This content downloaded from 188.72.96.141 on Sat, 14 Jun 2014 22:54:48 PM All use subject to JSTOR Terms and Conditions
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Page 1: Front Matter

Front MatterSource: The Canadian Journal of Economics / Revue canadienne d'Economique, Vol. 37, No. 4(Nov., 2004)Published by: Wiley on behalf of the Canadian Economics AssociationStable URL: http://www.jstor.org/stable/3696110 .

Accessed: 14/06/2014 22:54

Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at .http://www.jstor.org/page/info/about/policies/terms.jsp

.JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range ofcontent in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new formsof scholarship. For more information about JSTOR, please contact [email protected].

.

Wiley and Canadian Economics Association are collaborating with JSTOR to digitize, preserve and extendaccess to The Canadian Journal of Economics / Revue canadienne d'Economique.

http://www.jstor.org

This content downloaded from 188.72.96.141 on Sat, 14 Jun 2014 22:54:48 PMAll use subject to JSTOR Terms and Conditions

Page 2: Front Matter

Managing Editor/ Redacteur en chef:

Michel Poitevin

Co-Editors/ Redacteurs:

Ignatius Horstmann Jennifer Hunt

Angelo Melino

Editorial Advisors/ Comite consultatif:

Michelle Alexopoulos David Andolfatto Werner Antweiler Olivier Armantier

Paul Beaudry Hassan Benchekroun

Bruce Blonigen Martin Boileau

Zhiqi Chen Jane Friesen

Patrick Gonzalez Anne Gron Mike Hoy

Kevin Milligan Daniel Parent

Joanne Roberts Nicolas Schmitt

Sergei Severinov Thanasis Stengos

Greg Tkacz John Whalley

Canadian Journal of Economics

Revue canadienne d'economique

Volume 37, No. 4 November / novembre 2004

B. Curtis Eaton Presidential Address: The elementary economics of social dilemmas

Jennifer Hunt Innis Lecture: Are migrants more skilled than non-migrants? Repeat, return, and same-employer migrants

Michael Baker and Nicole M. Fortin Comparable worth in a decentralized labour market: the case of Ontario

Patrick J. Coe and J.C. Herbert Emery The disintegrating Canadian labour market? The extent of the market then and now

Martin Dooley and Jennifer Stewart Family income and child outcomes in Canada

Mukesh Eswaran and Ashok Kotwal A theory of gender differences in parental altruism

Anthony Creane and Carl Davidson Multidivisional firms, internal competition, and the merger paradox

Denise C6te, John Kuszczak, Jean-Paul Lam, Ying Liu, and Pierre St-Amant The performance and robustness of simple monetary policy rules in models of the Canadian economy

Hashmat Khan Price stickiness, trend inflation, and output dynamics: a cross-country analysis

Michel Normandin Canadian and U.S. financial markets: testing the inter- national integration hypothesis under time-varying conditional volatility

Susan Chun Zhu Trade, product cycles, and inequality within and between countries

Larry D. Qiu Lobbying, multisector trade, and sustainability of free-trade agreements

Xiaopeng Yin Voluntary import expansions with non-stationary demand

Mika Saito Armington elasticities in intermediate inputs trade: a problem in using multilateral trade data

Richard G. Lipsey and Kenneth I. Carlaw Total factor productivity and the measurement of technological change

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Page 3: Front Matter

CANADIAN JOURNAL OF ECONOMICS REVUE CANADIENNE D'ECONOMIQUE

Editorial Board / Conseil de redaction

Managing Editor / R dacteur en chef Michel Poitevin, Universit6 de Montr6al

Co-Editors / Redacteurs

Ignatius Horstmann University of Toronto

Michelle Alexopoulos University of Toronto

Olivier Armantier State University of New York

Bruce Blonigen University of Oregon Jane Friesen Simon Fraser University Mike Hoy University of Guelph Joanne Roberts University of Toronto

Thanasis Stengos University of Guelph

Translation of Abstracts / Traduction des resumes Gilles Paquet Universit6 d'Ottawa

Jennifer Hunt Universit6 de Montreal

Editorial Advisors / Comite consultatif

David Andolfatto Simon Fraser University Paul Beaudry University of British Columbia

Martin Boileau University of Colorado

Patrick Gonzalez

Universit6 de Laval

Kevin Milligan University of British Columbia

Nicolas Schmitt Simon Fraser University

Greg Tkacz Bank of Canada

Technical Advisor / Consultant technique Werner Antweiler University of British Columbia

Copy-Editor / Preparatrice des textes Catherine Frost, Toronto

Angelo Melino University of Toronto

Werner Antweiler University of British Columbia Hassan Benchekroun McGill University

Zhiqi Chen Carleton University Anne Gron Northwestern University Daniel Parent McGill University

Sergei Severinov University of Wisconsin-Madison John Whalley University of Western Ontario

Editorial Assistant / Assistante a la redaction Isabelle N61is Universit6 de Montreal

Please see the back pages for notes to authors and subscribers. See also the editorial website at http://economics. ca/cje. Pour l'information relative aux abonnements et les avis destin6s aux auteurs, veuillez consulter les dernieres pages. Toute information compl6mentaire se trouve ' http://economics.ca/cje.

Canadian Economics Association Executive Council L'Association canadienne d'&conomique Bureau de direction

President / President Barbara Spencer Univ. of British Columbia President Elect / President designe Gregor Smith Queen's University Vice-President / Vice-prisident G6rard Gaudet Past President / President sortant Curtis Eaton University of Calgary Secretary-Treasurer / Secretaire-tresorier Frances Woolley Carleton University Editor / Redacteur en chef Michel Poitevin (CJE) Universitd de Montreal

Elected Members / Membres elus Audra Bowlus University of Western Ont. Bev Dahlby University ofAlberta Rose Anne Devlin University of Ottawa Georges Dionne Universitj de Montreal Jim Feehan Memorial University Steve Gordon Universite de Laval David Green Univ. of British Columbia Ian Irvine Concordia University Asha Sadanand University of Guelph Michael Smart University of Toronto Mike Shannon Lakehead University Ging Wong Heritage Canada

Published quarterly for the Canadian Economics Association by Blackwell Publishing Revue trimestrielle publi6e pour l'Association canadienne d'6conomique par Blackwell Publishing,

Boston, MA, and Oxford, UK

Publication Mail Registration No. 09556. Periodicals postage paid at Boston and additional mailing offices. L'enregistrement comme envois de poste-publications no 1706594.

U.S. Postmaster: Send address changes to Blackwell. U.S. Periodicals Registration Number 007373.

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Page 4: Front Matter

Call for Papers 39th Annual Meeting of the CEA Friday 27 May - Sunday 29 May 2005 McMaster University

The Canadian Economics Association invites anyone wishing to present a paper at the 2005 Annual Meeting to submit an abstract by 28 February 2005. Abstracts in English or French must be submitted through our on-line registration form for paper presenters at

http://economics.ca/2005/

The abstract should be about 100-200 words. All fields of specialization within eco- nomics will be considered. You will receive a notification by email once your paper is accepted (or rejected). By submitting an abstract, you also agree to serve as a discussant and/or program chair at other sessions within your area of specialization. The Web form provides an opportunity to identify your areas of specialization. A participant may not present more than one paper. Consequently, you cannot register more than one paper for presentation unless a second paper is presented by a co-author who also is registered to participate in the conference.

In addition to registering an abstract through the Web interface, full-length papers can be submitted either by providing a Web link to a corresponding PDF file on the registration form, or by uploading a PDF file to the economics.ca server by following the link on the bottom of the registration confirmation page. Paper/hard-copy submis- sions will not be accepted.

If you would like to organize one or two sessions on a specific topic and have speakers/ presenters lined up, contact the conference organizer for approval. Individual papers must still go through the regular registration process using the on-line registration form. There is a 'Comments' section of the form where authors should indicate the organizer of the session.

Please note that in order to attend or present a paper, you must register for the conference. Registration can be made on line through the conference Web site. We strongly encourage paper presenters to become members of the Canadian Economics Association. You may join the CEA and register after you find out whether your paper is accepted for presentation, but do not delay too long, since late registration involves a higher fee.

The CEA program chair for the 2005 Conference is

Professor Gregor Smith Department of Economics Queen's University

Please direct all enquiries and correspondence to the program assistant:

Maureen Church, University of Calgary, c/o Economics Department, 2500 University Drive N.W., Calgary, Alberta, Canada T2N IN4. Phone: + 1-403-210-9490; Fax: + 1-403-282-5262 Email: [email protected]

Groups or organizations requiring a block of sessions need to contact Maureen Church before 15 February 2005 to state their requirements as to the numbers of sessions they would like to sponsor and organize and their preferred days and times. The conference Web site contains further information.

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Page 5: Front Matter

Appel de communications 39C Congres annuel de 1'Association canadienne d'economique Vendredi 27 mai au dimanche 29 mai 2005 McMaster University

L'Association canadienne d'6conomique invite tous ceux et celles qui souhaiteraient pr6senter une communication a son 39e Congres annuel A soumettre un r6sume d'ici le 28 f6vrier 2005.Veuillez soumettre votre r6sum6, redig6 en anglais ou en frangais, en utilisant le formulaire d'inscription pour les pr6sentateurs et pr6sentatrices d'articles qui se trouve en ligne au lien suivant:

http://economics.ca/2005/ Les r6sumes peuvent toucher tous les domaines de l'6conomique et doivent contenir environ 100-200 mots. Vous serez notifi6 par courriel de l'acceptation ou du rejet de votre article. En soumettant un article, vous acceptez par le fait meme d'6tre commen- tateur ou commentatrice ou pr6sident(e) de seance aux autres s6ances, dans le cadre de votre principal domaine de recherche. Le formulaire en ligne permet de pr6ciser vos domaines de sp6cialisation. Les participants ne peuvent pr6senter qu'un seul article. Par consequent, vous ne pouvez soumettre plus d'un article A moins qu'un second article soit present6 par un co-auteur qui sera 6galement inscrit au Congr6s. Outre le d6p6t du resum6 via le serveur Web, les articles dans leur int6gralit6 peuvent 6tre soumis, soit en fournissant le lien 61ectronique A un fichier PDF, soit en t616char- geant un fichier PDF directement sur le serveur web. Dans les deux cas, la proc6dure A suivre est indiqu6e sur le formulaire d'inscription. Veuillez noter que les copies-papier des articles ne seront pas accept6es. Si vous souhaitez organiser une ou deux seances sur un sujet specifique et que vous avez

trouv6 des presentateurs et presentatrices, contactez le pr6sident de programme afin qu'il puisse approuver votre projet. Ces presentateurs et pr6sentatrices doivent s'inscrire via la procedure d'inscription en ligne du Congr6s. Les auteurs doivent indiquer le nom de l'organisateur de la seance dans la partie <<Remarques>> du formulaire d'inscription. II est a noter que, pour presenter une communication au Congres, vous devez etre inscrit au Congres. L'inscription peut se faire en ligne via le site Web du Congr6s. Nous encourageons les pr6sentateurs et presentatrices d'articles A devenir membre de l'Asso- ciation canadienne d'6conomique. Vous pouvez joindre l'Association pour ensuite vous inscrire une fois l'acceptation de votre article reque. Neanmoins, il est conseille de ne pas tarder dans la mesure oU` une inscription tardive engendre des frais plus 6leves.

Le president de programme de l'Association canadienne d'economique pour le Congr6s 2005 est

Prof. Gregor Smith Department of Economics Queen's University.

Priere d'adresser toute demande et correspondance a l'assistante de programme :

Maureen Church, University of Calgary, c/o Economics Department, 2500 University Drive N.W., Calgary, Alberta, Canada T2N 1N4. T•I: + 1-403-210-9490; Fax : + 1-403-282-5262 Courriel : cea2005 @ucalgary.ca

Les groupements ou organisations necessitant un lot de skances doivent contacter Maureen Church d'ici le 15 f6vrier 2005 afin de definir leurs exigences relatives au nombre de seances ainsi que les pr6ferences en termes de jours et heures. Vous trouverez de plus amples details sur le site Web du Congres.

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Page 6: Front Matter

Canadian Journal of Economics

Revue canadienne d'6conomique

Volume 37, No. 4 November / novembre 2004

B. Curtis Eaton Presidential Address: The elementary economics of social dilemmas 805

Jennifer Hunt Innis Lecture: Are migrants more skilled than non-migrants? Repeat, return, and same-employer migrants 830

Michael Baker and Nicole M. Fortin Comparable worth in a decentralized labour market: the case of Ontario 850

Patrick J. Coe and J.C. Herbert Emery The disintegrating Canadian labour market? The extent of the market then and now 879

Martin Dooley and Jennifer Stewart Family income and child outcomes in Canada 898

Mukesh Eswaran and Ashok Kotwal A theory of gender differences in parental altruism 918

Anthony Creane and Carl Davidson Multidivisional firms, internal competition, and the merger paradox 951

Denise C6te, John Kuszczak, Jean-Paul Lam, Ying Liu, and Pierre St-Amant The performance and robustness of simple monetary policy rules in models of the Canadian economy 978

Hashmat Khan Price stickiness, trend inflation, and output dynamics: a cross-country analysis 999

Michel Normandin Canadian and U.S. financial markets: testing the international integration hypothesis under time-varying conditional volatility 1021

Susan Chun Zhu Trade, product cycles, and inequality within and between coun- tries 1042

Larry D. Qiu Lobbying, multisector trade, and sustainability of free-trade agree- ments 1061

Xiaopeng Yin Voluntary import expansions with non-stationary demand 1084

Mika Saito Armington elasticities in intermediate inputs trade: a problem in using multilateral trade data 1097

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Page 7: Front Matter

Richard G. Lipsey and Kenneth I. Carlaw Total factor productivity and the measurement of technological change 1118

News of the Association / Chronique de I'Association 1151

Index 1161

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Page 8: Front Matter

REVUE CANADIENNE D'9CONOMIQUE

Renseignements gendraux

La Revue canadienne d'economique (ISSN 0008-4085) est publi6e trimestriellement par Blackwell Publishing dont les bureaux sont situ6s au 350 Main Street, Malden, MA 02148, USA, et 9600 Garsington Road, Oxford, OX4 2DQ, UK. Vous pouvez nous rejoindre par t616phone au: 1(800) 835-6770 ou au:+44(1865) 251866, par t616copieur au: (781) 388-8232, ou au : +44(1865) 381393, ou par courriel h : [email protected]. Notre adresse Web est http://www.blackwellpublishing.com

Objectifs et contenu : La Revue canadienne d'dconomique (RCa) est publi6e sous les auspices de l'Association canadienne d'6conomique. Les r6dacteurs souhaitent maintenir voire am61iorer le caractbre international de la Revue et d6sirent ainsi recevoir des manuscrits de haute qualit6 de toutes les provenances. Les r6dacteurs reconnaissent 6gale- ment le r1le privil6gi6 de la Revue pour la publication d'articles empiriques de haut niveau sur l'6conomie canadienne.

Information aux abonnes : Toute correspondance relative aux abonnements doit parvenir au bureau de Blackwell le plus pres (voir ci-haut).

Cofit de I'abonnement individuel : Les personnes regoivent normalement la Revue en adh6rant l'Association cana- dienne d'6conomique. Veuillez vous r6f6rer aux prix indiqu6s ci-dessous.

Association canadienne d'6conomique / Canadian Economics Association : L'Association canadienne d'6conomique (ACE) regroupe pres de 1 400 membres tant au Canada qu'd l'6tranger et constitue l'association privil6gi6e des 6co- nomistes canadiens du milieu universitaire. L'ACE publie la revue d'6conomique par excellence au Canada, la Revue canadienne d'dconomique, et elle organise une conf6rence annuelle A la fin du printemps. L'adh6sion l'ACE donne droit a un abonnement A la Revue. Le cofit d'adh6sion pour 2004 est de 55$ CA pour les r6sidents du Canada; de 40$US pour les personnes r6sidant dans le reste des Am6riques; et de 31? pour les residents du reste du monde. Les 6tudiants profitent d'un tarif r6duit qui est : au Canada de 25 $ CA; dans les Am6riques de 15 $ US; et dans le reste du monde de 10?. Pour de plus amples renseignements sur I'ACt, visitez notre site Web A: http://economics.ca. Pour adh6rer en ligne a I'ACE, rendez-vous A l'adresse suivante : http://www.blackwellpublishing.com/journals/cje. Les membres peuvent s'abonner ' L'Actualit6 6conomique - Revue d'Analyse 6conomique au prix de 65$CA pour les membres r6guliers et de 32,50$CA pour les 6tudiants. Les membres peuvent aussi s'abonner A la revue Analyse de Politiques au prix r6duit de 43$CA.

Cofit de l'abonnement institutionnel: Volume 37 (4 numeros) coOt institutionnel ' un tarif major6 comprend les num6ros

en format papier et l'acces en ligne aux num6ros actuels et aux volumes ant6rieurs. Un taux pour les num6ros seulement en format papier ou en ligne est 6galement disponible (voir ci-dessous). Le cout dans les Am6riques est de 171$ US et au Canada est de 201$ CA. Les clients du Canada doivent inclure la TPS de 7% ou fournir une preuve valable d'exemption. Pour le reste du monde le coft est de 121?. Les clients du Royaume-Uni doivent inclure la TVA de 5%, les clients de I'UE doivent aussi ajouter la TVA de 5% ou fournir un num6ro d'enregistrement ou une preuve valable d'exemption. Pour de plus amples renseignements sur les revues de Blackwell Publishing, et sur l'information sur l'acc-s en ligne, les conditions et modalit6s et les options de paiement, veuillez visiter www.blackwellpublishing.com ou communiquer avec le d6partement du service a la clientele au : 1(800) 835-6770 ou au (781) 388-8206 (bureau aux E.-U.) ou au : +44(1865) 251866 (bureau au R.-U.).

Num6ros antirieurs : Les num6ros ant6rieurs sont disponibles chez l'6diteur A un tarif individuel.

Notes aux auteurs: La Revue canadienne d'conomique

(RCP) publie des articles en frangais et en anglais qui contribuent de fagon marqu6e A l'avancement des connaissances dans tous les domaines de l'6conomie, i l'exception des articles trys sp6cialis6s ne s'adressant qu'a un groupe restreint de personnes. Les manuscrits et toute correspon- dance ayant trait A la r6daction de la Revue doivent 8tre adress6s A: Michel Poitevin, R6dacteur en chef, Revue cana- dienne d'6conomique, CIREQ, Universit6 de Montr6al, C.P. 6128, Succursale Centre-ville, Montr6al (QC) H3C 3J7, Canada. Par messagerie privie : CIREQ, Universita de Montr6al, 3150 Jean-Brillant, bureau C-6086, Montr6al (QC) H3T 1N8, Canada. Courriel: [email protected]. Un guide de style d6taill6 est disponible sur notre site Web I l'adresse : http://economics.ca/cje/fr/submission.html.

Correspondance postale : L'affranchissement des p6riodiques est paye 'i Boston, MA, et dans d'autres bureaux. Tout changement d'adresse doit 8tre communiqu6 A Blackwell Publishing, Journals Subscription Department, 350 Main Street, Malden, MA 02148.

Publicit& : Pour toute autre information ou renseignement concernant les tarifs, veuillez visiter le site Web de la Revue A : www.blackwellpublishing.com/journals/cje. Vous pouvez 6galement nous faire parvenir vos questions par courriel a: [email protected], ou communiquer avec Faith Elliott, Blackwell Advertising Representative, 50 Winter Sport Lane, P.O. Box 80, Williston, VT 05495. T616phone: 1-800-866-1684, ou t616copieur: 1-802-8647749.

Droits d'auteur : Tous droits r6serv6s. La reproduction, I'enregistrement ou la transmission de cet ouvrage sous toute forme ou par tout moyen autre que ceux permis par les articles 107 ou 108 de la loi am6ricaine sur les droits d'auteur est ill6gale sans permission pr6alable 6crite de l'6diteur, ou doit 8tre en conformit6 avec les termes des licences 6mises par le Copyright Clearance Center (CCC) et toute organisation autoris6e par l'6diteur a administrer les droits de reproduc- tion. Veuillez prendre note que toute institution ayant un abonnement a la Revue peut produire des photocopies sans frais si ces photocopies sont utilis6es aux fins d'enseignement et si ces copies ne sont pas revendues. Toute institution qui n'est pas abonn6e a la Revue et qui d6sire produire des photocopies aux fins d'enseignement doit en faire la demande au CCC, par 6crit ' 222 Rosewood Drive, Danvers, MA, 01923; par t616phone au (978) 750-8400; par t616copieur au (978) 750- 4470; ou pour de plus amples informations, vous pouvez consulter le site Web du CCC Y http://www.copyright.com. Pour toute autre permission, incluant les demandes de reproduction dans d'autres ouvrages, veuillez communiquer avec le Journal Permissions Manager au bureau de Blackwell, 9600 Garsington Road, Oxford, OX4 2DQ, U.K. Courriel : [email protected]. Remerciements: Cette Revue est publi6e avec l'aide financibre du Conseil de recherches en sciences humaines du Canada.

?2004 L'Association canadienne d'6conomique/The Canadian Economics Association.

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Page 9: Front Matter

CANADIAN JOURNAL OF ECONOMICS

General information

The Canadian Journal of Economics (ISSN 0008-4085) is published quarterly by Blackwell Publishing with offices at 350 Main Street, Malden, MA 02148, USA, and 9600 Garsington Road, Oxford, OX4 2DQ, UK. Phone US 1-800-835-6770 or 781-388-8200, +44(1865) 251866, fax 781-388-8232, +44(1865) 381393, or email [email protected]. Please visit us online at http://www.blackwellpublishing.com.

Aims and Scope: The Canadian Journal of Economics (CJE) is the journal of the Canadian Economics Association (CEA) and is the primary academic economics journal based in Canada. The editors seek to maintain and enhance the position of the CJE as a major, internationally recognized journal and are very receptive to high-quality papers on any economics topic from any source. In addition, the editors recognize the Journal's role as an important outlet for high-quality empirical papers about the Canadian economy and about Canadian policy issues.

Information for Subscribers: For new orders, sample copy requests, claims, change of address, and all other sub- scription correspondence, please contact your nearest Blackwell office, as listed above.

Individual Subscription Rates: Individuals normally obtain the Journal by becoming members of the Candian Economics Association (CEA). Please refer to prices below.

Canadian Economics Association/Association canadienne d'Economique: With approximately 1,400 individual members across the country and from abroad, the Canadian Economics Association (CEA) is the organization of academic economists in Canada. The CEA publishes the foremost economics journal in Canada, the Canadian Journal of Economics (CJE), and organizes an annual conference in late spring. (Individual membership in the Association includes a subscription to the Journal.) Membership fees for 2004 are as follows: $55CDN for people resident in Canada; $40US (for people elsewhere in the Americas, including the U.S.); and ?31 for everyone else. Students pay a reduced rate: $25CDN in Canada; $15US elsewhere in the Americas; and ?10 in the rest of the world. For more information on the CEA, visit the website at http://economics.ca. To become a member of the CEA online, visit the Journal's page at http://www.blackwellpublishing.com/journals/cje.

Members may subscribe to L'Actualite Economique - Revue d'Analyse Economique at $65CDN for regular members and $32.50CDN for students. Members may also subscribe to Canadian Public Policy at the reduced rate of $43CDN.

Institutional Subscription Rates: Volume 37 (4 issues) Institutional Premium Rate. Includes print plus premium online access to the current and all available backfiles. Print and online-only rates are also available (see below). The Americas $171, Canada $204CDN. Customers in Canada should add 7% GST or provide evidence of entitlement to exemption. Rest of World ? 121. Customers in the U.K. should add VAT at 5%; customers in the E.U. should also add VAT at 5% or provide a VAT registration number or evidence of entitlement to exemption. For more information about Blackwell Publishing journals, including online access information, terms, and conditions, please visit www.blackwellpublish ing.com or contact our Customer Service Department. Phone: 1-800-835-6770 or 781-388-8206 (U.S.) or +44(1865) 251866 (U.K.).

Back Issues: Back issues are available from the publisher at the current single-issue rate.

Information for Authors: The Canadian Journal of Economics publishes papers (in English and French) in all areas of economics, with the exception of very narrow papers addressed to small, specialist audiences. Manuscript submis- sions and all correspondence relating to the contents of the Journal should be sent to Michel Poitevin, at the following mailing address: Michel Poitevin, Managing Editor, Canadian Journal of Economics, CIREQ, Universit6 de Montr6al, P.O. Box 6128, Station Centre-Ville, Montr6al, Quebec H3C 3J7, Canada. For submissions sent via courier, please send to Michel Poitevin, Managing Editor, Canadian Journal of Economics, CIREQ, Universit6 de Montr6al, 3150 Jean-Brillant, Office C-6086, Montr6al, QC H3T 1N8, Canada. Email: [email protected]. There is a submission fee for members of $35CDN in Canada, $25US elsewhere in the Americas, and ?20 in the rest of the world. For non- members, a membership fee and a submission fee must accompany the submitted manuscript. For detailed submission guidelines, please visit the Journal's website at http://economics.ca/cje/en/submission.html.

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Advertising: For information and rates, please visit the journal's website at www.blackwellpublishing.com/journals/ cje, e-mail [email protected], or contact Faith Elliott, Blackwell Advertising Representative, 50 Winter Sport Lane, P.O. Box 80, Williston, VT 05495. Phone: 1-800-866-1684, or fax: 1-802-864-7749.

Copyright: All rights reserved. Reproduction, storage, or transmission of this work in any form or by any means beyond that permitted by Sections 107 or 108 of the US Copyright Law is unlawful without prior permission in writing of the publisher, or in accordance with the terms of licences issued by the Copyright Clearance Center (CCC) and other organ- izations authorized by the publisher to administer reprographic reproduction rights. Please note however, that all insti- tutions with a paid subscription to this journal may make photocopies for teaching purposes free of charge provided such copies are not resold. For educational photocopying requests that do not originate from an institution with a paid subscription, please contact the CCC, 222 Rosewood Drive, Danvers, MA, 01923, phone 978-750-8400, fax 978-750- 4470, or for further information see CCC online at http://www.copyright.com. For all other permissions inquiries, including requests to republish material in another work, please contact Journal Manager at the publisher's Oxford office, Permissions 9600 Garsington Road, Oxford OX4 2DQ, UK; email: [email protected].

Acknowledgment: Financial assistance from the Social Sciences and Humanities Research Council of Canada is gratefully acknowledged.

?2004 The Canadian Economics Association

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