The Classic Paper Club has yet to gain momentum this semester. I'm throwing out a couple nominations for further review and future discussion. Other nominations are of course welcome.
Klein, B., Leffler, K. B. (1981) The Role of Market Forces in Assuring Contractual Performance
Journal of Political Economy 89 (4), 615-641
Stigler, G. J., Becker, G. S. (1977) De Gustibus Non Est Disputandum
American Economic Review 67 (2), 76-90
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Farrell, Joseph and Garth Saloner. 1985. Standardization, Compatability, and Innovation. RAND Journal of Economics. 16(1): 70-83.
Heckman, James J. 1979. Sample Selection Bias As a Specification Error. Econometrica. 47(1): 153-161.
Have we done this before?
Stigler, George J. 1967. Imperfections in the Capital Market. JPE. 75: 287-292.
Boercherding & Silberberg. 1978. "Shipping the Good Apples Out." JPE.
Umbeck. 1980. "Shipping the Good Apples Out." JPE.
Hayek. 1945. "The Use of Knowledge in Society." AER.
Alchian & Demsetz. 1972. "Production, Information Costs, and Economic Organization." AER
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