Front Matter

p.1

Macroeconomics and Reality
Christopher A. Sims

p.49

Econometric Implications of the Rational Expectations Hypothesis
Kenneth F. Wallis

p.75

Disequilibrium Econometrics in Simultaneous Equations Systems
C. Gourieroux
J. J. Laffont
A. Monfort

p.97

Methods of Estimation for Multi-Market Disequilibrium Models
Takatoshi Ito

p.127

Efficiency of Non-Walrasian Equilibria
P. R. Nayak

p.135

Consumer's Surplus, Price Instability, and Consumer Welfare
Stephen J. Turnovsky
Haim Shalit
Andrew Schmitz

p.153

The Estimation of the Prais-Houthakker Model of Equivalence Scales
John Muellbauer

p.177

Optimal Consumption and Exploration of Nonrenewable Resources under Uncertainty
Sudhakar D. Deshmukh
Stanley R. Pliska

p.201

Design Parameters in Housing Construction and the Market for Urban Housing
Hans-Jurgen Buttler
Martin J. Beckmann

p.227

Testing the Quantity-Quality Fertility Model: The Use of Twins as a Natural Experiment
Mark R. Rosenzweig
Kenneth I. Wolpin

p.241

The Existence of Moments of k-Class Estimators
Terrence W. Kinal

p.251

Notes and Comments: A Note on Existence and Uniqueness of Equilibrium Points for Concave N-Person Games
John C. Goodman

p.253

Report of the Secretary
Julie P. Gordon

p.256

Report of the Treasurer
Robert J. Gordon

p.262

Report of the Editor
Hugo Sonnenschein

p.265

Program of the Econometric Society 1979 European Meeting

p.274

1980 Latin American Meeting of the Econometric Society

p.274

Fall 1980 Econometric Society North American Meeting

p.275

1980 World Congress of the Econometric Society: Announcement and Call for Papers

p.279

Forthcoming Selected Articles in the Journal Econometrica

p.280

Frisch Medal Award

p.280

Accepted Manuscripts

p.281

News Note

Back Matter