<html><head><meta name="color-scheme" content="light dark"></head><body><pre style="word-wrap: break-word; white-space: pre-wrap;">%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
%               Quartered Journal of Economics
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
%      Special fonts
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\font\sctwelve=cmcsc10 scaled\magstep1
\font\scten=cmcsc10

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
%      Set pagesize
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%

\hsize=25pc
\vsize=43pc
\hoffset=1in
\voffset=1in

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
%      Headline and footline
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%

\nopagenumbers 
\def\rightheadline{\hbox to\hsize{\hfil\tenpoint\uppercase{\runname}\hfil{\folio}}}
\def\leftheadline{\hbox to \hsize{\folio \hfil {\tenpoint\sl QUARTERED JOURNAL OF ECONOMICS}\hfil}} 
\headline={\ifodd\pageno\rightheadline\else\leftheadline\fi}

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
%  Define topmatter style
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%

\def\TitleFont{\sctwelve}
\def\AuthorFont{\scten}

\def\title#1{\DoCenteredTitle{#1{$^*$}}}

\def\author#1{\DoCenteredAuthor{#1}}

\def\affil#1{\global\setbox\affilbox\hbox{\tenit\noindent #1}}

\def\thanks#1{\global\setbox\thanksbox\hbox{{\eightpoint #1\par}}}

\def\date#1{\global\setbox\datebox\vbox{\tenrm #1 \hfil}}
\def\version#1{}

\def\abstract#1{\global\setbox\abstractbox\vbox{\hsize=23pc\ninepoint #1}}

\def\keywords#1{}
\def\address#1{}

\def\topmatter{\relax}
\def\endtopmatter{\DoTop}
\def\document{\DoPaper\noindent}

\let\SectionFont=\scten
\RomanSectiontrue

\def\section#1\par{\DoCenteredSection{#1}}

\def\subsection#1\par{\BigBreak\noindent
   {\it #1\hfil}\nobreak\medskip\noindent}

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
%   Math conventions
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%

\outer\def\proclaim #1. #2\par{\medbreak
  \noindent{\scten#1.\enspace}{\rm#2}\par
  \ifdim\lastskip&lt;\medskipamount \removelastskip\penalty55\medskip\fi}

\def\proof{\goodbreak\noindent{\scten Proof.\enspace}}

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
%     Redefine figure macro
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%

\def\Figure#1#2#3{
     \midinsert
     \vbox to #2{\vfil}
     \hbox to \hsize{\vbox{\parindent=0pt%
     \centerline{{\scnine Figure \number#1}}}}
     \endinsert}


%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
%   References
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%

\let\RefFont=\eightpoint

\def\DoNotes{
\ifvoid\endnoteins\relax\else
\vskip2pc
\noindent{\eightpoint\rm NOTES}
\medskip
\unvbox\endnoteins
\fi}

\def\DoRefs{\vskip 2pc
\parindent=0pt
\centerline{{\scten References}}
\vskip 1pc
\RefFont
}

\def\Refs{\vskip3pc
\DoRefs}

\def\by#1{\setbox\bybox\hbox{\ninepoint#1}}

\def\SetRef{
  \ifjour\jourfalse\vbox{\parshape=0\hangindent=3pc\hangafter=2
     \unhbox\bybox, ``\unhbox\paperbox,'' 
     \unhbox\jourbox, {\unhbox\volbox} (\unhbox\yrbox) \ifvoid\nobox\relax\else (\unhbox\nobox), \fi
     \unhbox\pagesbox. \par}\fi

 \ifbook\bookfalse\par\vbox{\parshape=0\hangindent=3pc\hangafter=2
     \unhbox\bybox\space {\it \unhbox\bookbox} (\unhbox\publaddrbox : 
         \unhbox\publbox , \unhbox\yrbox).\par}\fi

 \ifinbook\inbookfalse\par\vbox{
     \unhbox\bybox, ``\unhbox\paperbox,''
     {\it \unhbox\bookbox}, {\rm \unhbox\editorbox}, eds.
     (\unhbox\publaddrbox : \unhbox\publbox, \unhbox\yrbox).\par}\fi

 \ifunpublished\unpublishedfalse\par\vbox{
     \unhbox\bybox\space(\unhbox\yrbox) 
    ``\unhbox\paperbox, '' \unhbox\paperinfobox .\par}\fi
}

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
%  Set the paper
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%

\def\titlehead{\hfil}
\def\titlefoot{\vbox{\sixpoint
 \line{$\copyright$ 1986 by the President and Fellows of Havahd College.  Published by John Wiley \&amp; Sons, Inc.}
 \line{{\it The\ Quartered\ Journal\ of\ Economics}, August 1986\hfil CCC 0033--5533/030455--16\$04.00}}}


\def\DoTop{\Reset
\vskip 2pc
\line{\hfil\box\titlebox\hfil}
\ifvoid\thanksbox\relax\else
   \vfootnote{$^*$}{\eightpoint \unhbox\thanksbox \par}\fi
\vskip 1pc
\line{\hfil\box\authorbox\hfil}
\vskip1pc
\line{\hfil\box\abstractbox\hfil}
\vskip2pc}

\def\DoPaper{\relax}

\tenpoint
\parindent=15pt
\def\footnoterule{}</pre></body></html>