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 70

Issue 1

The Mirrlees Approach to Mechanism Design with Renegotiation (with Applications to Hold‐up and Risk Sharing)

Ilya Segal, Michael D. Whinston
p. 1-45

Log In To View Full Content Abstract

Consumption Over the Life Cycle

Pierre‐Olivier Gourinchas, Jonathan A. Parker
p. 47-89

Log In To View Full Content Abstract

Instrumental Variables Estimates of the Effect of Subsidized Training on the Quantiles of Trainee Earnings

Alberto Abadie, Joshua Angrist, Guido Imbens
p. 91-117

Full ContentAbstract

Higher‐Order Improvements of a Computationally Attractive ‐Step Bootstrap for Extremum Estimators

Donald W. K. Andrews
p. 119-162

Log In To View Full Content Abstract

A New Specification Test for the Validity of Instrumental Variables

Jinyong Hahn, Jerry Hausman
p. 163-189

Log In To View Full Content Abstract

Determining the Number of Factors in Approximate Factor Models

Jushan Bai, Serena Ng
p. 191-221

Log In To View Full Content Abstract

Maximum Likelihood Estimation of Discretely Sampled Diffusions: A Closed‐form Approximation Approach

Yacine Aït‐Sahalia
p. 223-262

Log In To View Full Content Abstract

Individual Sense of Justice: A Utility Representation

Edi Karni, Zvi Safra
p. 263-284

Log In To View Full Content Abstract

Is There a Curse of Dimensionality for Contraction Fixed Points in the Worst Case?

J. Rust, J. F. Traub, H. Wozniakowski
p. 285-329

Log In To View Full Content Abstract

Independence, Monotonicity, and Latent Index Models: An Equivalence Result

Edward Vytlacil
p. 331-341

Log In To View Full Content

On the Value of Competition in Procurement Auctions

Olivier Compte, Philippe Jehiel
p. 343-355

Log In To View Full Content

Regressions, Short and Long

Philip J. Cross, Charles F. Manski
p. 357-368

Log In To View Full Content

An Impossibility Theorem Concerning Multilateral International Comparison of Volumes

Matthijs Van Veelen
p. 369-375

Log In To View Full Content

Bootstrapping Autoregressive Processes with Possible Unit Roots

Atsushi Inoue, Lutz Kilian
p. 377-391

Log In To View Full Content

Comment on: “Do Sunspots Matter When Spot Market Equilibria Are Unique?”

Richard C. Barnett, Eric O’N. Fisher
p. 393-396

Log In To View Full Content

Announcements

p. 397-402

Log In To View Full Content

News Notes

p. 403-406

Log In To View Full Content

Report of the Secretary

p. 407-416

Log In To View Full Content

Report of the Treasurer

p. 417-423

Log In To View Full Content

Report of the Editors 2000–2001

p. 425-427

Log In To View Full Content

Econometrica Referees 2000–2001

p. 429-433

Log In To View Full Content

The Econometric Society Research Monograph Series Report of the Editors

p. 435-436

Log In To View Full Content

Submission of Manuscripts to the Econometric Society Monograph Series

p. 437-437

Log In To View Full Content

Issue 2

Anchoring Economic Predictions in Common Knowledge

R. Guesnerie
p. 439-480

Log In To View Full Content Abstract

Tax and Education Policy in a Heterogeneous‐Agent Economy: What Levels of Redistribution Maximize Growth and Efficiency?

Roland Bénabou
p. 481-517

Log In To View Full Content Abstract

Inference on Regressions with Interval Data on a Regressor or Outcome

Charles F. Manski, Elie Tamer
p. 519-546

Log In To View Full Content Abstract

The Time Structure of Self‐Enforcing Agreements

Debraj Ray
p. 547-582

Log In To View Full Content Abstract

Envelope Theorems for Arbitrary Choice Sets

Paul Milgrom, Ilya Segal
p. 583-601

Log In To View Full Content Abstract

Measuring the Dynamic Efficiency Costs of Regulators' Preferences: Municipal Water Utilities in the Arid West

Christopher Timmins
p. 603-629

Log In To View Full Content Abstract

Quadratic Concavity and Determinacy of Equilibrium

Chris Shannon, William R. Zame
p. 631-662

Log In To View Full Content Abstract

Shift Restrictions and Semiparametric Estimation in Ordered Response Models

Roger W. Klein, Robert P. Sherman
p. 663-691

Log In To View Full Content Abstract

Computing Normal Form Perfect Equilibria for Extensive Two‐Person Games

Bernhard Von Stengel, Antoon Van Den Elzen, Dolf Talman
p. 693-715

Log In To View Full Content Abstract

A Genuine Rank‐Dependent Generalization of the Von Neumann‐Morgenstern Expected Utility Theorem

Mohammed Abdellaoui
p. 717-736

Log In To View Full Content Abstract

Giving According to GARP: An Experimental Test of the Consistency of Preferences for Altruism

James Andreoni, John Miller
p. 737-753

Log In To View Full Content

Probabilistic Sophistication and Multiple Priors

Massimo Marinacci
p. 755-764

Log In To View Full Content

Nonparametric Censored and Truncated Regression

Arthur Lewbel, Oliver Linton
p. 765-779

Log In To View Full Content

Semiparametric Bayesian Inference in Autoregressive Panel Data Models

Keisuke Hirano
p. 781-799

Log In To View Full Content

Identifying Dynamic Discrete Decision Processes

Thierry Magnac, David Thesmar
p. 801-816

Log In To View Full Content

Discrete Choice in Continuous Time: Implications of an Intertemporal Version of the Iia Property

John K. Dagsvik
p. 817-831

Log In To View Full Content

Comparative Statics by Adaptive Dynamics and the Correspondence Principle

Federico Echenique
p. 833-844

Log In To View Full Content

Announcements

p. 845-850

Log In To View Full Content

News Notes

p. 851-854

Log In To View Full Content

Submission of Manuscripts to Econometrica

Log In To View Full Content

Issue 3

Schumpeterian Growth Theory and the Dynamics of Income Inequality

Philippe Aghion
p. 855-882

Log In To View Full Content Abstract

Do Political Institutions Shape Economic Policy?

Torsten Persson
p. 883-905

Log In To View Full Content Abstract

International Business Cycles with Endogenous Incomplete Markets

Patrick J. Kehoe, Fabrizio Perri
p. 907-928

Log In To View Full Content Abstract

Dynamic Monetary Equilibrium in a Random Matching Economy

Edward J. Green, Ruilin Zhou
p. 929-969

Log In To View Full Content Abstract

An Experimental Study of Belief Learning Using Elicited Beliefs

Yaw Nyarko, Andrew Schotter
p. 971-1005

Log In To View Full Content Abstract

Information Acquisition and Efficient Mechanism Design

Dirk Bergemann, Juuso Välimäki
p. 1007-1033

Log In To View Full Content Abstract

Lower Risk Bounds and Properties of Confidence Sets for Ill‐Posed Estimation Problems with Applications to Spectral Density and Persistence Estimation, Unit Roots, and Estimation of Long Memory Parameters

Benedikt M. Pötscher
p. 1035-1065

Log In To View Full Content Abstract

Band Spectral Regression with Trending Data

Dean Corbae, Sam Ouliaris, Peter C. B. Phillips
p. 1067-1109

Log In To View Full Content Abstract

Spatial Price Competition: A Semiparametric Approach

Joris Pinkse, Margaret E. Slade, Craig Brett
p. 1111-1153

Log In To View Full Content Abstract

A Theory of Diversity

Klaus Nehring, Clemens Puppe
p. 1155-1198

Log In To View Full Content Abstract

An Efficient Auction

Motty Perry, Philip J. Reny
p. 1199-1212

Log In To View Full Content

A Commodity Price Process with a Unique Continuous Invariant Distribution Having Infinite Mean

Eugenio S. A. Bobenrieth H., Juan R. A. Bobenrieth H., Brian D. Wright
p. 1213-1219

Log In To View Full Content

Welfare Rankings in the Presence of Contaminated Data

Frank A. Cowell, Maria‐Pia Victoria‐Feser
p. 1221-1233

Log In To View Full Content

Testing Lorenz Curves with Non‐Simple Random Samples

Buhong Zheng
p. 1235-1243

Log In To View Full Content

Nonexistence of Constrained Efficient Equilibria When Markets are Incomplete

Egbert Dierker, Hildegard Dierker, Birgit Grodal
p. 1245-1251

Log In To View Full Content

Preserving Log‐Concavity Under Convolution: Comment

Eugenio J. Miravete
p. 1253-1254

Log In To View Full Content

The 2002 Frisch Medal Award

p. 1255-1261

Log In To View Full Content

News Notes

p. 1263-1265

Log In To View Full Content

Report of the President

p. 1267-1270

Log In To View Full Content

2001 Election of Fellows to the Econometric Society

p. 1271-1273

Log In To View Full Content

Fellows of the Econometric Society January 2002

p. 1275-1297

Log In To View Full Content

Submission of Manuscripts to Econometrica

Log In To View Full Content

Issue 4

Architecture of Power Markets

Robert Wilson
p. 1299-1340

Log In To View Full Content Abstract

The Economist as Engineer: Game Theory, Experimentation, and Computation as Tools for Design Economics

Alvin E. Roth
p. 1341-1378

Log In To View Full Content Abstract

Multiple Referrals and Multidimensional Cheap Talk

Marco Battaglini
p. 1379-1401

Log In To View Full Content Abstract

Ambiguity, Risk, and Asset Returns in Continuous Time

Zengjing Chen, Larry Epstein
p. 1403-1443

Log In To View Full Content Abstract

On the Internal Structure of Cities

Robert E. Lucas, Esteban Rossi–Hansberg
p. 1445-1476

Log In To View Full Content Abstract

On the Role of Outside Options in Bargaining with Obstinate Parties

Olivier Compte, Philippe Jehiel
p. 1477-1517

Log In To View Full Content Abstract

Swapping the Nested Fixed Point Algorithm: A Class of Estimators for Discrete Markov Decision Models

Victor Aguirregabiria, Pedro Mira
p. 1519-1543

Log In To View Full Content Abstract

Adapting to Unknown Disturbance Autocorrelation in Regression with Long Memory

Javier Hidalgo, Peter M. Robinson
p. 1545-1581

Log In To View Full Content Abstract

Inference on the Quantile Regression Process

Roger Koenker, Zhijie Xiao
p. 1583-1612

Log In To View Full Content Abstract

Collateral Avoids Ponzi Schemes in Incomplete Markets

Aloisio Araujo, Mário Rui Páscoa, Juan Pablo Torres–Martínez
p. 1613-1638

Log In To View Full Content Abstract

Asymptotically Unbiased Inference for a Dynamic Panel Model with Fixed Effects when Both and Are Large

Jinyong Hahn, Guido Kuersteiner
p. 1639-1657

Log In To View Full Content

The Revelation and Delegation Principles in Common Agency Games

David Martimort, Lars Stole
p. 1659-1673

Log In To View Full Content

Information Aggregation in Common Value Auctions

Ilan Kremer
p. 1675-1682

Log In To View Full Content

Rank Estimation of Transformation Models

Songnian Chen
p. 1683-1697

Log In To View Full Content

Announcements

p. 1699-1703

Log In To View Full Content

News Notes

p. 1705-1708

Log In To View Full Content

Submission of Manuscripts to the Econometric Society Monograph Series

p. 1709-1709

Log In To View Full Content

Issue 5

Communication and Equilibrium in Discontinuous Games of Incomplete Information

Matthew O. Jackson, Leo K. Simon, Jeroen M. Swinkels, William R. Zame
p. 1711-1740

Log In To View Full Content Abstract

Technology, Geography, and Trade

Jonathan Eaton, Samuel Kortum
p. 1741-1779

Log In To View Full Content Abstract

Pivotal Statistics for Testing Structural Parameters in Instrumental Variables Regression

Frank Kleibergen
p. 1781-1803

Log In To View Full Content Abstract

Does Market Incompleteness Matter?

David K. Levine, William R. Zame
p. 1805-1839

Log In To View Full Content Abstract

The Optimality of a Simple Market Mechanism

Mark A. Satterthwaite, Steven R. Williams
p. 1841-1863

Log In To View Full Content Abstract

The Ex Ante Incentive Compatible Core in the Absence of Wealth Effects

Françoise Forges, Jean–François Mertens, Rajiv Vohra
p. 1865-1892

Log In To View Full Content Abstract

Computational Complexity and Communication: Coordination in Two–Player Games

Amparo Urbano, Jose E. Vila
p. 1893-1927

Log In To View Full Content Abstract

A Small Sample Correction for the Test of Cointegrating Rank in the Vector Autoregressive Model

Søren Johansen
p. 1929-1961

Log In To View Full Content Abstract

A Fractional Dickey–Fuller Test for Unit Roots

Juan J. Dolado, Jesús Gonzalo, Laura Mayoral
p. 1963-2006

Log In To View Full Content Abstract

Existence and Uniqueness of Maximal Reductions Under Iterated Strict Dominance

Martin Dufwenberg, Mark Stegeman
p. 2007-2023

Log In To View Full Content Abstract

Coarse Matching

R. Preston McAfee
p. 2025-2034

Log In To View Full Content

Weighted Minimum Mean–Square Distance from Independence Estimation

Donald J. Brown, Marten H. Wegkamp
p. 2035-2051

Log In To View Full Content

Semiparametric Binary Choice Panel Data Models Without Strictly Exogeneous Regressors

Bo E. Honoré, Arthur Lewbel
p. 2053-2063

Log In To View Full Content Comments & Corrigenda

General Equilibrium Comparative Statics

John H. Nachbar
p. 2065-2074

Log In To View Full Content

Unobserved Ability and the Return to Schooling

Christian Belzil, Jörgen Hansen
p. 2075-2091

Log In To View Full Content

Heteroskedasticity–Autocorrelation Robust Standard Errors Using The Bartlett Kernel Without Truncation

Nicholas M. Kiefer, Timothy J. Vogelsang
p. 2093-2095

Log In To View Full Content

Simple Robust Testing of Regression Hypotheses: A Comment

Karim M. Abadir, Paolo Paruolo
p. 2097-2099

Log In To View Full Content

Announcements

p. 2101-2103

Log In To View Full Content

News Notes

p. 2104-2105

Log In To View Full Content

Submission of Manuscripts to Econometrica

Log In To View Full Content

Issue 6

Identification of Standard Auction Models

Susan Athey, Philip A. Haile
p. 2107-2140

Log In To View Full Content Abstract

Two Competing Models of How People Learn in Games

Ed Hopkins
p. 2141-2166

Log In To View Full Content Abstract

A Game–Theoretic View of the Fiscal Theory of the Price Level

Marco Bassetto
p. 2167-2195

Log In To View Full Content Abstract

Optimal Auction with Resale

Charles Zhoucheng Zheng
p. 2197-2224

Log In To View Full Content Abstract

Discrete–Time Approximations of the Holmström–Milgrom Brownian–Motion Model of Intertemporal Incentive Provision

Martin F. Hellwig, Klaus M. Schmidt
p. 2225-2264

Log In To View Full Content Abstract Supplemental Material

On the Global Convergence of Stochastic Fictitious Play

Josef Hofbauer, William H. Sandholm
p. 2265-2294

Log In To View Full Content Abstract

Equilibrium Wage Dispersion with Worker and Employer Heterogeneity

Fabien Postel–Vinay, Jean–Marc Robin
p. 2295-2350

Log In To View Full Content Abstract

The Law of Large Demand for Information

Giuseppe Moscarini, Lones Smith
p. 2351-2366

Log In To View Full Content Abstract

Mobility and the Return to Education: Testing a Roy Model with Multiple Markets

Gordon B. Dahl
p. 2367-2420

Log In To View Full Content Abstract

Informational Size and Incentive Compatibility

Richard McLean, Andrew Postlewaite
p. 2421-2453

Log In To View Full Content Abstract

Nonparametric Estimation with Nonlinear Budget Sets

Sören Blomquist, Whitney Newey
p. 2455-2480

Log In To View Full Content Abstract

Rationalizing Choice Functions By Multiple Rationales

Gil Kalai, Ariel Rubinstein, Ran Spiegler
p. 2481-2488

Log In To View Full Content

Efficient Resource Allocation on the Basis of Priorities

Haluk I. Ergin
p. 2489-2497

Log In To View Full Content Comments & Corrigenda

Estimation of a Censored Dynamic Panel Data Model

Luojia Hu
p. 2499-2517

Log In To View Full Content

Announcements

p. 2519-2525

Log In To View Full Content

News Notes

p. 2527-2528

Log In To View Full Content

Submission of Manuscripts to Econometrica

p. no-no

Log In To View Full Content