Econometrica

Econometric Implications of the Rational Expectations Hypothesis

Kenneth F. Wallis
p. 49-74

Disequilibrium Econometrics in Simultaneous Equations Systems

A. Monfort, C. Gourieroux, J. J. Laffont
p. 75-96

Methods of Estimation for Multi-Market Disequilibrium Models

Takatoshi Ito
p. 97-126

Efficiency of Non-Walrasian Equilibria

P. R. Nayak
p. 127-134

Consumer's Surplus, Price Instability, and Consumer Welfare

Andrew Schmitz, Haim Shalit, Stephen J. Turnovsky
p. 135-152

The Estimation of the Prais-Houthakker Model of Equivalence Scales

John Muellbauer
p. 153-176

Optimal Consumption and Exploration of Nonrenewable Resources under Uncertainty

Stanley R. Pliska, Sudhakar D. Deshmukh
p. 177-200

Design Parameters in Housing Construction and the Market for Urban Housing

Hans-Jurgen Buttler, Martin J. Beckmann
p. 201-226

Testing the Quantity-Quality Fertility Model: The Use of Twins as a Natural Experiment

Kenneth I. Wolpin, Mark R. Rosenzweig
p. 227-240

The Existence of Moments of k-Class Estimators

Terrence W. Kinal
p. 241-250

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

John C. Goodman
p. 251-251

Report of the Secretary

Julie P. Gordon
p. 253-256

Report of the Treasurer

Robert J. Gordon
p. 256-262

Report of the Editor

Hugo Sonnenschein
p. 262-264

Program of the Econometric Society 1979 European Meeting

p. 265-274

1980 Latin American Meeting of the Econometric Society

p. 274-274

Fall 1980 Econometric Society North American Meeting

p. 274-275

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

p. 275-279

Forthcoming Selected Articles in the Journal Econometrica

p. 279-280

Accepted Manuscripts

p. 280-281

Frisch Medal Award

p. 280-280

News Note

p. 281-281

Back Matter

Front Matter

Recent Developments in Macroeconomic Disequilibrium Theory

Allan Drazen
p. 283-306

Quantity Constrained Demand Functions

Roger Latham
p. 307-314

On the Disaggregation of Excess Demand Functions

H. M. Polemarchakis, J. D. Geanakoplos
p. 315-332

Optimal Multiperiod Investment-Consumption Policies

Robert A. Abrams, Uday S. Karmarkar
p. 333-354

Stability and Speed of Adjustment under Retiming of Lags

Donald V. T. Bear, John Conlisk, Richard Harriff
p. 355-370

The Stability of Non-Walrasian Processes: Two Examples

John C. Eckalbar
p. 371-386

Commodity Exchanges as Gradient Processes

Claude D’Aspremont, Henry Tulkens
p. 387-400

Real National Income with Homothetic Preferences and a Fixed Distribution of Income

James C. Moore, John S. Chipman
p. 401-422

Aggregate Expected Consumer Surplus as a Welfare Index with an Application to Price Stabilization

William P. Rogerson
p. 423-436

On a Class of Poverty Measures

Nanak Kakwani
p. 437-446

Strategic Voting in a Probabilistic Framework

Bhaskar Dutta
p. 447-456

Values for Games without Sidepayments: Some Difficulties with Current Concepts

Alvin E. Roth
p. 457-466

On the Existence and Interpretation of Value Allocation

Wayne J. Shafer
p. 467-476

Comments on Roth's Paper, "Values for Games without Side Payments"

John C. Harsanyi
p. 477-477

On the Effects of Entry

Jesus Seade
p. 479-490

Asymptotic Covariance Matrices of Two-Stage Probit and Two-Stage Tobit Methods for Simultaneous Equations Models with Selectivity

G. S. Maddala, Lung-Fei Lee, R. P. Trost
p. 491-504

A General Equilibrium Approach to Marxian Economics

John E. Roemer
p. 505-530

Notes and Comments: Positive Profits without Exploitation: A Note on the Generalized Fundamental Marxian Theorem

Fabio Petri
p. 531-534

Notes and Comments: Positive Profit without Exploitation: A Comment on F. Petri's Note

M. Morishima
p. 535-535

Notes and Comments: A Note on the Cost Elasticity-Scale Elasticity Relation

Gerald Chachere, Lorenzo Brown
p. 537-538

Notes and Comments: Aggregation Procedure for Cardinal Preferences: A Comment

Aanund Hylland
p. 539-542

1980 Latin American Meeting of the Econometric Society: Second Announcement and Call for Papers

p. 543-544

Accepted Manuscripts

p. 544-545

Frisch Medal Award

p. 544-544

News Note

p. 545-545

[Photograph]: Franklin M. Fisher, President of the Econometric Society, 1979; First Vice-President of the Econometric Society, 1978; Second Vice-President of the Econometric Society, 1977

Back Matter

Front Matter

Unemployment as Disequilibrium in a Model of Aggregate Labor Supply

Orley Ashenfelter
p. 547-564

The Effects of Money Supply on Economic Welfare in the Steady State

Laurence Weiss
p. 565-576

Imperfect Capital Markets, Demand for Durables, and the Consumer Lifetime Allocation Process

Sheng Cheng Hu
p. 577-594

Comparison of the Quadratic Expenditure System and Translog Demand Systems with Alternative Specifications of Demographic Effects

Robert A. Pollak, Terence J. Wales
p. 595-612

The Class of Additively Decomposable Inequality Measures

A. F. Shorrocks
p. 613-626

Measuring Externalities and Second Best Distortions in the Theory of Local Public Goods

David A. Starrett
p. 627-642

Strategic Equilibrium of Tariffs and General Equilibrium

Yoshihiko Otani
p. 643-662

On Two Folk Theorems Concerning the Extraction of Exhaustible Resources

Murray C. Kemp, Ngo Van Long
p. 663-674

Coherency Conditions in Simultaneous Linear Equation Models with Endogenous Switching Regimes

A. Monfort, C. Gourieroux, J. J. Laffont
p. 675-696

Statistical Inference in an Implicit, Nonlinear, Simultaneous Equation Mode in the Context of Maximum Likelihood Estimation

A. Ronald Gallant, Alberto Holly
p. 697-720

Nonlinear Regression on Cross-Section Data

Halbert White
p. 721-746

Testing for Serial Correlation in Simultaneous Equation Models

A. C. Harvey, G. D. A. Phillips
p. 747-760

Notes and Comments: Recursive Systems Containing Qualitative Endogenous Variables Representing Nonstochastically Dependent Events

Donald Elliott
p. 761-763

Notes and Comments: Recursive Systems Containing Qualitative Endogeneous Variables: A Reply

G. S. Maddala, Lung-Fei Lee
p. 765-765

Notes and Comments: Input-Output Model with Interval Data

Jiri Rohn
p. 767-769

Notes and Comments: Linear Utility Functions on Semiordered Mixture Spaces

Philippe Vincke
p. 771-775

Notes and Comments: Unilateral Transfers and Pareto Optimality

Amoz Kats, Joseph Greenberg
p. 777-779

Notes and Comments: Path Independent Choices

Ehud Kalai, Nimrod Megiddo
p. 781-784

1980 Latin American Meeting of the Econometric Society: Second Announcement and Call for Papers

p. 785-786

Accepted Manuscripts

p. 786-787

News Notes

p. 787-787

1979 Election of Fellows of the Econometric Society

p. 788-791

Fellows of the Econometric Society as of January, 1980

p. 792-802

Program of the 1979 North American Winter Meeting of the Econometric Society

p. 803-814

Erratum: Restricted and Unrestricted Reduced Forms: Asymptotic Distribution and Relative Efficiency

P. J. Dhrymes
p. 815-815

Back Matter

Front Matter

A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity

Halbert White
p. 817-838

Formulation and Statistical Analysis of the Mixed, Continuous/Discrete Dependent Variable Model in Classical Production Theory

Gregory M. Duncan
p. 839-852

A Proof of the Consistency of Maximum Likelihood Estimators of Nonlinear Regression Models with Autocorrelated Errors

Roman Frydman
p. 853-860

The Exact Distribution of Instrumental Variable Estimators in an Equation Containing n + 1 Endogenous Variables

P. C. B. Phillips
p. 861-878

Some Tests of Dynamic Specification for a Single Equation

J. D. Sargan
p. 879-897

Generalized Solutions to Continuous-Time Allocation Processes

Zvi Artstein
p. 899-922

Effects of Shareholder Information on Corporate Decisions and Capital Market Equilibrium

Chandra Kanodia
p. 923-953

On the Predictability of Economic Events

J. S. Jordan
p. 955-972

Multivariate Risk Independence and Functional Forms for Preferences and Technologies

Larry G. Epstein
p. 973-985

Hedonic Coalitions: Optimality and Stability

J. Greenberg, J. H. Dreze
p. 987-1003

The Production Possibility Set with Public Intermediate Goods

Makoto Tawada
p. 1005-1012

The Fine Structure of Earnings and the On-the-Job Training Hypothesis

John C. Hause
p. 1013-1029

A Dynamic Model of Employment Behavior: An Application to the Seattle and Denver Income Maintenance Experiments

Nancy Brandon Tuma, Philip K. Robins
p. 1031-1052

Ethical Indices for the Measurement of Poverty

Charles Blackorby, David Donaldson
p. 1053-1060

Notes and Comments: Functional Forms for Estimating the Lorenz Curve

A. Y. C. Koo, J. Gaffney, N. Obst, R. H. Rasche
p. 1061-1062

Notes and Comments: Functional Forms for Estimating the Lorenz Curve: A Reply

Nanak Kakwani
p. 1063-1064

Notes and Comments: A Note on Switching Regressions and Logistic Discrimination

Nicholas M. Kiefer
p. 1065-1069

Accepted Manuscripts

p. 1070-1070

News Notes

p. 1070-1071

Erratum: Sepuences of Games with Varying Opponents

Robert W. Rosenthal
p. 1072-1072

Back Matter

Front Matter

Manual for Econometrica Authors

Dorothy Hodges, Hugo Sonnenschein
p. 1073-1082

Sufficient Linear Structures: Econometric Applications

Alain Monfort, Christian Gourieroux
p. 1083-1098

Approximating a Truncated Normal Regression with the Method of Moments

Randall J. Olsen
p. 1099-1106

Some Approximations to the Distribution of Econometric Criteria which are Asymptotically Distributed as Chi-Squared

J. D. Sargan
p. 1107-1138

Inferential Procedures in Stable Distributions for Class Frequency Data on Incomes

Herman K. van Dijk, Teun Kloek
p. 1139-1148

Advertising and Aggregate Consumption: An Analysis of Causality

C. W. J. Granger, R. Ashley, R. Schmalensee
p. 1149-1168

Deterministic Models for Production of Services with Stochastic Technology

David Zalkind, Joseph Lipscomb
p. 1169-1186

Industry Structure and Cost-Reducing Investment

M. Therese Flaherty
p. 1187-1210

An Index Theorem for General Equilibrium Models with Production

Timothy J. Kehoe
p. 1211-1232

Regeneration, Public Goods, and Economic Growth

Eithan Hochman, Oded Hochman
p. 1233-1250

Equity Among Generations

Lars-Gunnar Svensson
p. 1251-1256

Nash Equilibria and Pareto Optimal Income Redistribution

Mikio Nakayama
p. 1257-1264

On the Formal Theory of Inspection and Evaluation in Product Markets

Louis L. Wilde
p. 1265-1280

Rational Behavior under Complete Ignorance

Jean-Yves Jaffray, Michele Cohen
p. 1281-1300

Notes and Comments: The Knowledge Assumption in the Theory of Strategic Voting

Manimay Sengupta
p. 1301-1304

Notes and Comments: The Solution of Linear Difference Models under Rational Expectations

Charles M. Kahn, Olivier Jean Blanchard
p. 1305-1312

Notes and Comments: Problems of Existence and Uniqueness in Nonlinear Rational Expectations Models

Robert Driskill, Stephen McCafferty
p. 1313-1318

Notes and Comments: Note on Comparative Dynamic Analysis

Masanao Aoki
p. 1319-1326

Notes and Comments: Pricing under Spatial Competition and Spatial Monopoly: A Comment

John G. Treble
p. 1327-1328

Notes and Comments: Pricing under Spatial Competition and Spatial Monopoly: Reply

Dennis R. Capozza, Robert Van Order
p. 1329-1329

Accepted Manuscripts

p. 1330-1331

News Notes

p. 1331-1332

Estimation in Linear Regression Models with Disparate Data Points

William S. Krasker
p. 1333-1346

Testing of the Rational Expectations Hypothesis

Nagesh S. Revankar
p. 1347-1363

Recursive Competitive Equilibrium: The Case of Homogeneous Households

Edward C. Prescott, Rajnish Mehra
p. 1365-1379

Estimating the Uncertainty of Policy Effects in Nonlinear Models

Ray C. Fair
p. 1381-1391

A Capital Market in an Equilibrium Business Cycle Model

Robert J. Barro
p. 1393-1417

On Proportional Malinvaud Prices

Hiroshi Atsumi
p. 1419-1429

On Optimal Depletion of Exhaustible Resources: Existence and Characterization Results

Tapan Mitra
p. 1431-1450

Hybrid Corn Revisited

Robert Dixon
p. 1451-1461

Hybrid Corn Revisited: A Reply

Zvi Griliches
p. 1463-1465

The Tiebout Hypothesis: Near Optimality in Local Public Good Economies

Myrna Wooders
p. 1467-1485

The Existence of Efficient and Incentive Compatible Equilibria with Public Goods

John O. Ledyard, Theodore Groves
p. 1487-1506

A Differential Approach to Dominant Strategy Mechanisms

Eric Maskin, Jean-Jacques Laffont
p. 1507-1520

On the Nonexistence of a Dominant Strategy Mechanism for Making Optimal Public Decisions

Mark Walker
p. 1521-1540

Notes and Comments: Extending the Classical Normal Errors-in-Variables Model

Steven Garber, Steven Klepper
p. 1541-1546

Notes and Comments: On Seemingly Unrelated Regressions with Error Components

Badi H. Baltagi
p. 1547-1552

Notes and Comments: The Durbin-Watson Test for Serial Correlation when there is no Intercept in the Regression

R. W. Farebrother
p. 1553-1564

Notes and Comments: Temporal Resolution of Uncertainty in Stapleton and Subrahmanyam's "Multiperiod Equilibrium Asset Pricing Model"

David M. Kreps, Robert Wilson
p. 1565-1566

Notes and Comments: Gross Substitutability with Multi-Valued Excess Demand Functions

Peter Howitt
p. 1567-1574

Notes and Comments: A Model in which an Increase in the Number of Sellers Leads to a Higher Price

Robert W. Rosenthal
p. 1575-1580

1981 Summer Meeting of the Econometric Society

p. 1581-1581

Accepted Manuscripts

p. 1581-1581

News Notes

p. 1582-1583

Submission of Manuscripts to Econometrica

p. 1584-1584

Back Matter

Front Matter

Walrasian Analysis via Strategic Outcome Functions

David Schmeidler
p. 1585-1593

Computation of Competitive Equilibria by a Sequence of Linear Programs

Alan S. Manne, Hung-Po Chao, Robert Wilson
p. 1595-1615

The Prisoner's Dilemma and Dynamical Systems Associated to Non-Cooperative Games

Steve Smale
p. 1617-1634

Equilibrium Contracts for Syndicates with Differential Information

Takao Kobayashi
p. 1635-1665

Global Strong Le Chatelier-Samuelson Principle

Takao Fujimoto
p. 1667-1674

On the General Structure of Ricardian Models with a Continuum of Goods: Applications to Growth, Tariff Theory, and Technical Change

Charles A. Wilson
p. 1675-1702

On the Uniqueness of Mean Demand for Dispersed Families of Preferences

Werner Hildenbrand
p. 1703-1710

Parallel Preference Structures in Labor Supply and Commodity Demand: An Adaptation of the Gorman Polar Form

Jonathan G. Dickson
p. 1711-1725

The Comparative Statics of Quantity Constraints and Conditional Demands: Theory and Applications

Gerald A. Whitney, Robert J. Mackay
p. 1727-1744

Congestion of Production Factors

Leif Svensson, Rolf Fare
p. 1745-1753

Intertemporal Duality: Application to the Theory of the Firm

Keith R. McLaren, Russel J. Cooper
p. 1755-1762

Capital Theory, Optimal Growth, and Efficiency Conditions with Exhaustible Resources

Olivier de La Grandville
p. 1763-1776

A Strong Turnpike Theorem for a Nonstationary von Neumann-Gale Production Model

Donald T. Gantz
p. 1777-1790

Inequality Measures between Income Distributions with Applications

Camilo Dagum
p. 1791-1803

Finite Sample Moments of a Preliminary Test Estimator in the Case of Possible Heteroscedasticity

Edward Greenberg
p. 1805-1813

Notes and Comments: A Least Squares Correction for Selectivity Bias

Randall J. Olsen
p. 1815-1820

Notes and Comments: A Comparison of Tests of Overidentifying Restrictions

Hae-Shin Hwang
p. 1821-1825

Notes and Comments: On the Solution of Scale-Dependent Input-Output Models

Graham Pyatt, Sajal Lahiri
p. 1827-1830

Notes and Comments: Notes on Existence of Equilibrium Proofs and the Boundary Behavior of Supply

Wilhelm Neuefeind
p. 1831-1837

Corrigendum: Turnpike Theory: Some Corrections

Lionel McKenzie, M. Yano
p. 1839-1840

First Latin American Regional Meeting of the Econometric Society

p. 1841-1847

1981 Summer Meeting of the Econometric Society

p. 1848-1848

Accepted Manuscripts

p. 1848-1848

News Notes

p. 1848-1849

Submission of Manuscripts to Econometrica

p. 1856-1856

Volume Information

Back Matter