The terms of the Editors of the Econometric Society's three journals end June 30, 2025. We are pleased to announce the incoming Editors and to thank the outgoing Editors for their excellent and continuing service.

Econometrica: Since 2019, Guido Imbens has served as the 14th Editor of Econometrica. On July 1, 2025, Marina Halac will become the Editor.

Quantitative Economics: Stéphane Bonhomme has been the Editor of Quantitative Economics since 2021. His successor will be Bernard Salanié.

Theoretical Economics: The Editor of Theoretical Economics since 2021 has been Simon Board. Taking over for him in July 2025 will be Federico Echenique.

Guido, Stéphane, and Simon have been outstanding Editors. We are grateful to them for the work they have done and will continue to do, and we look forward to further congratulating them next year. We believe Marina, Bernard, and Federico will be outstanding successors and we thank them in advance for their service.

Finally, we are grateful to Larry Samuelson for chairing all three search committees, and we thank the search committee members for their hard and fruitful work:

Econometrica: Christian Dustmann, Lars Hansen, Alessandro Lizzeri, George Mailath, Ariel Pakes, Helene Rey, and Elie Tamer.

QE: Kate Ho, Michael Keane, Felix Kubler, Whitney Newey, and Frank Schorfheide.

TE: Jeff Ely, Johannes Horner, Gilat Levy, Meg Meyer, and Ran Spiegler.

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Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic Theory in its Relation to Statistics and Mathematics

EconometricaVolume 46, Issue 1 (January 1978)

Front Matter

Bayesian Estimates of Equation System Parameters: An Application of Integration by Monte Carlo

Approximating the Exact Finite Sample Distribution of a Spectral Estimator

Regression Quantiles

A Maximum Likelihood Procedure for Regression with Autocorrelated Errors

Testing for Autocorrelation with Missing Observations

On the Pooling of Time Series and Cross Section Data

The Bilinear Complementarity Problem and Competitive Equilibria of Piecewise Linear Economic Models

Wage and Price Controls in a Dynamic Macro Model

Approximate Efficiency of Non-Walrasian Nash Equilibria

Induced Preferences on Trades when Preferences May Be Intransitive and Incomplete

A Note on the Characterization of Mechanisms for the Revelation of Preferences

Consistent Voting Systems

On Nicely Consistent Voting Systems

Realization of Choice Functions

Admissible Sets of Utility Functions in Expected Utility Maximization

Temporal Resolution of Uncertainty and Dynamic Choice Theory

Exploitation of Many Deposits of an Exhaustible Resource

Extermination of Self-Reproducible Natural Resources under Competitive Conditions

Notes and Comments: A Note on the Use of Durbin's h Tests when the Equation is Estimated by Instrumental Variables

Notes and Comments: Indeterminacy of the Chow Test when the Number of Observations Is Insufficient

Notes and Comments: Identification and Estimation of Consumer Unit Scales

Computer Algorithms: A Program for Stochastic Simulation of Econometric Models

Computer Algorithms: A Computer Program for Inequality Constrained Least-Squares Estimation

Computer Algorithms: A General Computer for Econometric Models--Shazam

Computer Algorithms: A Fast and Simple Method to Find Rank and Basis for a Matrix

1978 Meetings of the Econometric Society

1978 Summer Meeting of the Econometric Society in Boulder

Fall 1978 Econometric Society Meetings in Chicago

1978 European Meeting of the Econometric Society in Geneva

Accepted Manuscripts

News Notes

A Note of Appreciation

Report of the Secretary

Report of the Treasurer

Report of the Editor

Program of the Econometric Society Summer European Meeting, September 6-9, 1977, Vienna, Austria

Volume Information

[Photograph]: Lionel W. McKenzie, President of the Econometric Society, 1977; First Vice-President of the Econometric Society, 1976; Second Vice-President of the Econometric Society, 1975

Back Matter

Journal News

Announcing the New Journal Editors

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An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Econometrica
Volume 46, Issue 1 (January 1978)