Econometrica - Volume 48
Issue 1
Macroeconomics and Reality
Christopher A. Sims
p. 1-48
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
Issue 2
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
[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
Issue 3
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
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
Issue 4
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
Erratum: Sepuences of Games with Varying Opponents
Robert W. Rosenthal
p. 1072-1072
Issue 5
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
Submission of Manuscripts to Econometrica
Issue 6
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
Submission of Manuscripts to Econometrica
p. 1584-1584
Issue 7
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
Submission of Manuscripts to Econometrica
p. 1856-1856
The Econometric Society
