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September 1978 - Volume 46 Issue 5


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Front Matter

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p.985


Dynamic Aspects of Earning Mobility
Lee A. Lillard
Robert J. Willis

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p.1013


The Measurement of Mobility
A. F. Shorrocks

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p.1025


The Demand for Leisure and Money
Louis Phlips

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p.1045


A New Representation of Preferences over "Certain x Uncertain" Consumption Pairs: The "Ordinal Certainty Equivalent" Hypothesis
Larry Selden

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p.1061


Competitive Speculation
Meir Kohn

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p.1077


A Multiperiod Equilibrium Asset Pricing Model
R. C. Stapleton
M. G. Subrahmanyam

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p.1097


Effective Price Mechanisms
Donald G. Saari
Carl P. Simon

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p.1127


The Fixed Price Equilibria: Some Results in Local Comparative Statics
Guy Laroque

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p.1155


Existence of Equilibrium in Infinite Economies with Production
Salim Rashid

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p.1165


The Sensitivity of Fiscal Policy Effects to Assumptions about the Behavior of the Federal Reserve
Ray C. Fair

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p.1181


Estimation of a Distributed Lag Model under Quadratic Loss
P. K. Trivedi

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p.1193


The Estimation of a Simultaneous Equation Generalized Probit Model
Takeshi Amemiya

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p.1207


Notes and Comments: A Note on the Interpretation of Regression Coefficients within a Class of Truncated Distributions
Dale J. Poirier
Angelo Melino

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p.1211


Notes and Comments: Note on the Uniqueness of the Maximum Likelihood Estimator for the Tobit Model
Randall J. Olsen

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p.1217


Notes and Comments: On the Estimation of Triangular Structural Systems
Kajal Lahiri
Peter Schmidt

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p.1223


Notes and Comments: Bounds for the Bias of the LS Estimator of @s^2 in the Case of a First-Order (Positive) Autoregressive Process when the Regression Contains a Constant Term
H. Neudecker

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p.1227


Notes and Comments: A Note on Dynamic Simulation Forecasts and Stochastic Forecast-Period Exogenous Variables
Peter Schmidt

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p.1231


Notes and Comments: Investment Decision Rules, Diversification, and the Investors's Initial Wealth
Haim Levy
Yoram Kroll

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p.1239


Notes and Comments: A Note on "Marx in the Light of Modern Economic Theory" by M. Morishima
Andras Simonovits

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p.1243


Notes and Comments: Marx in the Light of Modern Economic Theory: A Reply
Michio Morishma

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p.1245


Report on the Presidency for 1977 to the Council of the Econometric Society
Lionel McKenzie

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p.1249


Accepted Manuscripts

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p.1249


News Notes

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p.1250


Erratum: [Econometrica Twenty-Five Year Index]

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Back Matter

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