Brookings Papers on Economic Activity, Microeconomics: 1998

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Contents include: Articles “Product and Stock Market Responses to Automotive Product Liability Verdicts” by Steven Garber and John Adams “The Distribution of the Insurance Market Effects of Tort Liability” by Patricia H. Born and W. Kip Viscusi “The Link between Liability Reforms and Productivity: Some Empirical Evidence” by Thomas J. Campbell, Daniel P. Kessler, and George B. Shepherd “What Drives Venture Capital Fundraising” by Paul A. Gompers and Josh Lerner “Capital’s Contribution to Productivity and the Nature of Competition” by Axel Börsch-Supan “Extending the East Asian Miracle: Microeconomic Evidence from Korea” by Martin Neil Baily and Eric Zitzewitz “The Tobacco Deal” by Jeremy Bulow and Paul Klemperer

Martin Neil Baily is the director of the Business Initiative at Brookings. He was chairman of the Council of Economic Advisers from 1999 to 2001. He is the author of Transforming the European Economy (Institute for International Economics, 2004). Peter C. Reiss is a professor of economics at Stanford University and directs the Center for Entrepreneurial Studies, also at Stanford. Clifford Winston is a senior fellow in Economic Studies at the Brookings Institution. Among his previous books are Deregulation of Network Industries: What's Next? coedited with Sam Peltzman (AEI-Brookings, 2000), and Alternate Route: Toward Efficient Urban Transportation, cowritten with Chad Shirley (Brookings, 1998).