Front Matter

[Photograph]: Hugo Sonnenschein, Co-Editor of Econometrica, 1975-1976; Editor of Econometrica, 1977-1984

p.1

On the Welfare Analysis of Rational Expectations Equilibria with Asymmetric Information
Jean-Jacques Laffont

p.31

A Differential Demand System, Rational Expectations and the Life Cycle Hypothesis
C. L. F. Attfield
Martin J. Browning

p.49

Egalitarianism and Utilitarianism in Quasi-Linear Bargaining
Herve Moulin

p.69

Repeated Moral Hazard
William P. Rogerson

p.77

A Sequential Solution to the Public Goods Problem
Jacques Cremer
Michael H. Riordan

p.85

Rationalizing Revolutionary Ideology
John E. Roemer

p.109

Distribution of Income and the "Law of Demand"
Pierre-Andre Chiappori

p.129

Money, Real Interest Rates, and Output: A Reinterpretation of Postwar U.S. Data
Robert B. Litterman
Laurence Weiss

p.157

A Linear Theory for Noncausality
J.-P. Florens
M. Mouchart

p.177

Third-Order Efficiency of the Extended Maximum Likelihood Estimators in a Simultaneous Equation System
Kei Takeuchi
Kimio Morimune

p.201

Notes and Comments: On the Optimality of First Come Last Served Queues
Refael Hassin

p.203

Notes and Comments: Future Investment Constraints Reduce Present Investment
Antoine D'Autume
Philippe Michel

p.207

Notes and Comments: A Note on Risk Aversion in a Perfect Equilibrium Model of Bargaining
Alvin E. Roth

p.213

Notes and Comments: A Note on Price Stability and Consumer's Welfare
Michael R. Baye

p.217

Notes and Comments: Price Dispersion and Functional Price Indices
Michael R. Baye

p.225

Nomination of Fellows, 1985

p.225

North American Winter Meeting of the Econometric Society

p.227

1985 World Congress of the Econometric Society: Announcement and Call for Papers

p.232

Accepted Manuscripts

p.234

News Notes

p.237

Report of the Secretary
Julie P. Gordon

p.241

Report of the Treasurer
Robert J. Gordon

p.248

Report of the Editors
Hugo Sonnenschein

p.251

Erratum: The X^2 Goodness of Fit Statistic for Models with Paramaters Estimated from Microdata
James J. Heckman

Submission of Manuscripts to Econometrica

Back Matter