Econometrica

Journal Of The Econometric Society

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

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica - Volume 55

Issue 1

Front Matter

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Correlated Equilibrium as an Expression of Bayesian Rationality

Robert J. Aumann
p. 1-18

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Macroeconomic Planning and Disequilibrium: Estimates for Poland, 1955-1980

David Winter, Richard E. Quandt, Richard Portes, Stephen Yeo
p. 19-41

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Flexible Functional Forms and Global Curvature Conditions

T. J. Wales, W. E. Diewert
p. 43-68

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Posterior Implementability in a Two-Person Decision Problem

Jean-Jacques Laffont, Jerry R. Green
p. 69-94

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The Dual Theory of Choice under Risk

Menahem E. Yaari
p. 95-115

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An Intertemporal General Equilibrium Asset Pricing Model: The Case of Diffusion Information

Chi-Fu Huang
p. 117-142

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Proper Risk Aversion

John W. Pratt, Richard J. Zeckhauser
p. 143-154

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Notes and Comments: Distributions of Preferences and the "Law of Demand"

Jean-Michel Grandmont
p. 155-161

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Notes and Comments: Intransitive Indifference and Revealed Preference

Taesung Kim
p. 163-167

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Notes and Comments: Monetary Uncertainty and Investment in an Optimizing, Rational Expectations Model with Income Taxes and Government Debt

Richard Hartman
p. 169-176

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1987 North American Summer Meeting of the Econometric Society

p. 177-177

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Nomination of Fellows, 1987

p. 177-177

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7th Latin American Meeting of the Econometric Society--1987: Call For Papers

p. 178-180

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European Meeting of the Econometric Society, Copenhagen, 1987: Announcement and Call for Papers

p. 180-181

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1987 Australasian Meeting of the Econometric Society: Announcement and Call for Papers

p. 181-181

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1987 Far Eastern Meeting of the Econometric Society: Announcement and Call for Papers

p. 181-181

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North American Winter Meeting of the Econometric Society: Announcement and Call for Papers

p. 182-183

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Accepted Manuscripts

p. 183-184

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News Notes

p. 185-187

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Report of the Secretary

Julie P. Gordon
p. 189-193

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Report of the Treasurer

Robert J. Gordon
p. 195-200

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Report of the Editors

Angus Deaton, David Kreps, Lars Peter Hansen, Roger Guesnerie
p. 201-203

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Econometrica Operating Procedures

Angus Deaton, David Kreps, Lars Peter Hansen, Roger Guesnerie
p. 204-206

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The Econometric Society Research Monograph Series: Report of the Editors

Charles Manski, Jean-Michel Grandmont
p. 207-207

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Submission of Manuscripts to the Econometric Society Monograph Series

p. 208-208

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Program of the 1986 North American Summer Meeting of the Econometric Society

p. 209-223

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Program of the 1986 Australasian Meeting of the Econometric Society

p. 225-230

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Program of the 1986 European Meeting of the Econometric Society

p. 231-250

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Submission of Manuscripts to Econometrica

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Back Matter

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Issue 2

Front Matter

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Co-Integration and Error Correction: Representation, Estimation, and Testing

C. W. J. Granger, Robert F. Engle
p. 251-276

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Time Series Regression with a Unit Root

P. C. B. Phillips
p. 277-301

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Aggregation and Linearity in the Provision of Intertemporal Incentives

Bengt Holmstrom, Paul Milgrom
p. 303-328

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The Global Stability of Efficient Intertemporal Allocations

Larry G. Epstein
p. 329-355

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Semiparametric Analysis of Random Effects Linear Models from Binary Panel Data

Charles F. Manski
p. 357-362

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Semi-Nonparametric Maximum Likelihood Estimation

A. Ronald Gallant, Douglas W. Nychka
p. 363-390

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Estimating Time Varying Risk Premia in the Term Structure: The Arch-M Model

David M. Lilien, Robert F. Engle, Russell P. Robins
p. 391-407

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A Discrete Choice Model for Ordered Alternatives

Kenneth A. Small
p. 409-424

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Market Equilibrium with Hidden Knowledge and Self-Selection

Luis Fernandez, Maxim Engers
p. 425-439

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Monopoly Provision of Quality and Warranties: An Exploration in the Theory of Multidimensional Screening

John Moore, Steven Matthews
p. 441-467

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1987 Australasian Meeting of the Econometric Society: Announcement and Call for Papers

p. 469-470

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European Meeting of the Econometric Society, Copenhagen, 1987: Announcement and Call for Papers

p. 469-469

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Nomination of Fellows, 1987

p. 469-469

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North American Winter Meeting of the Econometric Society: Announcement and Call for Papers

p. 470-471

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Accepted Manuscripts

p. 471-472

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News Notes

p. 473-473

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Program of the VI Latin American Meeting of the Econometric Society

p. 474-488

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Erratum: Large Indivisibles: An Analysis with Respect to Price Equilibrium and Fairness

I.-G. Svensson
p. 489-489

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Submission of Manuscripts to Econometrica

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Back Matter

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Issue 3

Front Matter

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Money and Interest in a Cash-in-Advance Economy

Nancy L. Stokey, Robert E. Lucas, Jr.
p. 491-513

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Engel Curves Leading to the Weak Axiom in the Aggregate

Andreu Mas-Colell, Xavier Freixas
p. 515-531

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A Life-Cycle Consumption Model with Liquidity Constraints: Theory and Empirical Results

Randall P. Mariger
p. 533-557

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Efficiency Bounds for Distribution-Free Estimators of the Binary Choice and the Censored Regression Models

Stephen R. Cosslett
p. 559-585

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The Role of Conditioning Information in Deducing Testable Restrictions Implied by Dynamic Asset Pricing Models

Lars Peter Hansen, Scott F. Richard
p. 587-613

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Dissolving a Partnership Efficiently

Paul Klemperer, Peter Cramton, Robert Gibbons
p. 615-632

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Comparing Auctions for Risk Averse Buyers: A Buyer's Point of View

Steven Matthews
p. 633-646

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Equilibrium Selection in Signaling Games

Jeffrey S. Banks, Joel Sobel
p. 647-661

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Signalling with Many Signals

Maxim Engers
p. 663-674

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Preference Reversal and the Observability of Preferences by Experimental Methods

Edi Karni, Zvi Safra
p. 675-685

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Notes and Comments: Revealed Preferences and Differentiable Demand

Jean-Charles Rochet, Pierre-Andre Chiappori
p. 687-691

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Notes and Comments: The Power of Nonparametric Tests of Preference Maximization

Stephen G. Bronars
p. 693-698

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Notes and Comments: A Comparison of Two Consistent Estimators in the Choice-Based Sampling Qualitative Response Model

Quang H. Vuong, Takeshi Amemiya
p. 699-702

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Notes and Comments: A Simple, Positive Semi-Definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix

Kenneth D. West, Whitney K. Newey
p. 703-708

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1988 Australasian Meetings of the Econometric Society: Announcement and Call for Papers

p. 709-709

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Accepted Manuscripts

p. 709-710

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News Notes

p. 711-711

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Report of the President on Regional Activities of the Society

Michael Bruno
p. 712-712

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1986 Election of Fellows to the Econometric Society

p. 713-718

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Fellows of the Econometric Society as of January 1987

p. 719-732

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Program of the 1986 North American Winter Meetings of the Econometric Society

p. 733-748

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Submission of Manuscripts to Econometrica

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[Photograph]: Michael Bruno, President of the Econometric Society, 1986; First Vice-President of the Econometric Society, 1985; Second Vice-President of the Econometric Society, 1984

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Back Matter

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Issue 4

Front Matter

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On the Measurement of Poverty

A. B. Atkinson
p. 749-764

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The Sensitivity of an Empirical Model of Married Women's Hours of Work to Economic and Statistical Assumptions

Thomas A. Mroz
p. 765-799

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Estimating a Structural Search Model: The Transition from School to Work

Kenneth I. Wolpin
p. 801-817

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Asymmetric Least Squares Estimation and Testing

James L. Powell, Whitney K. Newey
p. 819-847

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Efficient Estimation and Identification of Simultaneous Equation Models with Covariance Restrictions

Jerry A. Hausman, Whitney K. Newey, William E. Taylor
p. 849-874

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Asymptotically Efficient Estimation in the Presence of Heteroskedasticity of Unknown Form

P. M. Robinson
p. 875-891

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Errors in Variables in Linear Systems

Edward E. Leamer
p. 893-909

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Equilibrium in Hotelling's Model of Spatial Competition

Carolyn Pitchik, Martin J. Osborne
p. 911-922

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Generalized Symmetry Conditions at a Core Point

Norman Schofield, Richard D. McKelvey
p. 923-933

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Stability and Collective Rationality

Terje Lensberg
p. 935-961

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Egalitarian-Equivalent Cost Sharing of a Public Good

Herve Moulin
p. 963-976

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Notes and Comments: The Variance-Covariance Matrix of the Maximum Likelihood Estimator in Triangular Structural Systems: Consistent Estimation

Ingmar R. Prucha
p. 977-978

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1988 Australasian Meetings of the Econometric Society: Announcement and Call for Papers

p. 979-979

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Accepted Manuscripts

p. 979-980

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News Notes

p. 981-981

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Report of the Committee on Election Procedures for Fellows

Amartya Sen, Frank Hahn, Michael Bruno, Robert Aumann
p. 983-988

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A Report on the Election of Fellows

Daniel McFadden
p. 989-995

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Submission of Manuscripts to the Econometric Society Monograph Series

p. 996-996

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Erratum: Producer Incentives in Cost Allocation

H. P. Young
p. 997-997

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Submission of Manuscripts to Econometrica (Paragraphs 4 and 5 Revised for Volume 55.)

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Back Matter

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Issue 5

Front Matter

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Optimal Replacement of GMC Bus Engines: An Empirical Model of Harold Zurcher

John Rust
p. 999-1033

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Asymptotic Properties of Least Squares Estimators of Cointegrating Vectors

James H. Stock
p. 1035-1056

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Nonmanipulable Cores

Gabrielle Demange
p. 1057-1074

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Competitive Equilibria in Production Economies with an Infinite-Dimensional Commodity Space

William R. Zame
p. 1075-1108

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Edgeworth Equilibria

C. D. Aliprantis, D. J. Brown, O. Burkinshaw
p. 1109-1137

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The Ross Characterization of Risk Aversion: Strengthening and Extension

Mark J. Machina, William S. Neilson
p. 1139-1149

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Dynamic Duopolistic Competition with Sticky Prices

Chaim Fershtman, Morton I. Kamien
p. 1151-1164

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Comparative Static Properties of Optimal Nonlinear Income Taxes

John A. Weymark
p. 1165-1185

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Existence Results and Finite Horizon Approximates for Infinite Horizon Optimization Problems

Roger J-B. J-B. Wets, Sjur D. Flam
p. 1187-1209

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Notes and Comments: Testing Regression Equality with Unequal Variances

Samaradasa Weerahandi
p. 1211-1215

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Notes and Comments: The Bias of a Heteroskedasticity Consistent Covariance Matrix Estimator

Andrew Chesher, Ian Jewitt
p. 1217-1222

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Notes and Comments: Consistent Sets of Estimates for Regressions with Correlated or Uncorrelated Measurement Errors in Arbitrary Subsets of all Variables

Arie Kapteyn, Paul Bekker, Tom Wansbeek
p. 1223-1230

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Notes and Comments: The Paradox of Thrift, Liquidity Preference and Animal Spirits

John Bryant
p. 1231-1235

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Notes and Comments: Aggregation of Probability Judgments

C. R. Barrett, Prasanta K. Pattanaik
p. 1237-1241

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1988 Australasian Meetings of the Econometric Society: Announcement and Call for Papers

p. 1242-1242

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Call for Papers: 1988 North American Summer Meeting of the Econometric Society

p. 1242-1244

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Accepted Manuscripts

p. 1244-1244

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News Notes

p. 1245-1246

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Erratum: An Application of Modified ERA's to White's Information Matrix Test

Larry W. Taylor
p. 1247-1247

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Erratum: Estimation by the Analogy Principle

Charles F. Manski
p. 1247-1247

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Submission of Manuscripts to Econometrica (Paragraphs 4 and 5 Revised for Volume 55.)

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Back Matter

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Issue 6

Front Matter

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Does Saving Anticipate Declining Labor Income? An Alternative Test of the Permanent Income Hypothesis

John Y. Campbell
p. 1249-1273

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Information Impact and Allocation Rules in Auctions with Affiliated Private Values: A Laboratory Study

Dan Levin, John H. Kagel, Ronald M. Harstad
p. 1275-1304

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Implicit Alternatives and the Local Power of Test Statistics

James G. MacKinnon, Russell Davidson
p. 1305-1329

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Structural Consistency, Consistency, and Sequential Rationality

David M. Kreps, Garey Ramey
p. 1331-1348

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Incentive Compatibility in Signaling Games with a Continuum of Types

George J. Mailath
p. 1349-1365

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A Refinement of Sequential Equilibrium

In-Koo Cho
p. 1367-1389

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Rationalizability and Correlated Equilibria

Adam Brandenburger, Eddie Dekel
p. 1391-1402

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Arbitrage and the Existence of Competitive Equilibrium

Jan Werner
p. 1403-1418

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Time Consistency of Fiscal and Monetary Policy

Lars E. O. Svensson, Mats Persson, Torsten Persson
p. 1419-1431

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Forward Exchange, Futures Trading, and Spot Price Variability: A General Equilibrium Approach

Makoto Yano, Paul Weller
p. 1433-1450

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Characterizing Some Gorman Engel Curves

Arthur Lewbel
p. 1451-1459

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Notes and Comments: Value, Symmetry, and Equal Treatment: A Comment on Scafuri and Yannelis

Robert J. Aumann
p. 1461-1464

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Notes and Comments: Consistency in Nonlinear Econometric Models: A Generic Uniform Law of Large Numbers

Donald W. K. Andrews
p. 1465-1471

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Notes and Comments: Forecast Variance in Dynamic Simulation of Simultaneous Equation Models

Giorgio Calzolari
p. 1473-1476

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1988 Australasian Meetings of the Econometric Society: Announcement and Call for Papers

p. 1477-1478

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European Meeting of the Econometric Society, Bologna, Italy 1988: Announcement and Call for Papers

p. 1477-1477

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Nomination of Fellows, 1988

p. 1477-1477

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Call for Papers: 1988 North American Summer Meeting of the Econometric Society

p. 1478-1479

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Accepted Manuscripts

p. 1480-1480

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News Notes

p. 1481-1482

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Program of the 1987 North American Summer Meeting of the Econometric Society

p. 1483-1488

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Volume Information

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Submission of Manuscripts to Econometrica (Paragraphs 4 and 5 Revised for Volume 55.)

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Back Matter

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