p.1

Intersectoral Labor Mobility and the Growth of the Service Sector
Donghoon Lee
Kenneth I. Wolpin

p.47

Efficiency of Large Double Auctions
Martin W. Cripps
Jeroen M. Swinkels

p.93

Convergence Properties of the Likelihood of Computed Dynamic Models
Jesus Fernández-Villaverde
Juan F. Rubio-Ramírez
Manuel S. Santos

p.121

Random Expected Utility
Faruk Gul
Wolfgang Pesendorfer

p.147

GMM with Many Moment Conditions
Chirok Han
Peter C. B. Phillips

p.193

Time Consistency of Fiscal and Monetary Policy: A Solution
Mats Persson
Torsten Persson
Lars E. O. Svensson

p.213

On the Generic (Im)Possibility of Full Surplus Extraction in Mechanism Design
Aviad Heifetz
Zvika Neeman

p.235

Large Sample Properties of Matching Estimators for Average Treatment Effects
Alberto Abadie
Guido W. Imbens

p.269

A Dynamic Equilibrium Model of International Portfolio Holdings: Comment
Robert Kollmann

p.275

Announcements

p.281

Accepted Manuscripts

p.283

Report of the Secretary

p.299

Report of the Treasurer

p.307

Report of the Editors

p.311

Econometrica Referees 2004-2005

p.317

Reports of the Editors of the Econometric Society Research Monograph Series

p.321

Submission of Manuscripts to the Econometric Society Monograph Series