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I would like to thank Ernie Berndt, David Cutler, Peter Diamond, Randa
ll Ellis, William Encinosa, Richard Frank, Jerry Green, Albert Ma, Tho
mas McGuire, Mark Pauly, Kathy Swartz, Richard Zeckhauser, and anonymo
us referees for helpful comments on a preliminary draft. Naturally 1 a
m responsible for the remaining infelicities.