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For almost thirty years, Brookings Papers on Economic Activity (BPEA) has provided academic and business economists, government officials, and members of the financial and business communities with timely research of current economic issues.

Contents Include:

Articles

SANJA BHAGAT, ANDREI SHILEIFER, and ROBERT W. VISHNY

Hostile Takeovers in the 1980: The return to Corporate Specialization

BRONWYN H. HALL

The Impact of Corporate Restructuring on Industrial Research and Development

MICHAEL L. KATZ and JANUSZ A. ORDOVER

R&D Cooperation and Competition

OLIVER HART and JEAN TIROLE

Vertical Integration and Market Foreclosure

MICHAEL SALINGER

The Concentration-Margins Relationship Reconsidered

PAUL M. ROMER

Capital, Labor, and Productivity

MARTIN NEIL BAILY and CHARLE L. SCHILTZE

The Productivity of Capital in a Period of Slower Growth