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 77

Issue 1

Front Matter

p. i-ii

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On Forward Induction

Srihari Govindan, Robert Wilson
p. 1-28

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Public vs. Private Offers in the Market for Lemons

Johannes Hörner, Nicolas Vieille
p. 29-69

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All‐Pay Contests

Ron Siegel
p. 71-92

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The Complexity of Forecast Testing

Lance Fortnow, Rakesh V. Vohra
p. 93-105

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Decision Theory Applied to a Linear Panel Data Model

Gary Chamberlain, Marcelo J. Moreira
p. 107-133

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Nonparametric Identification of Finite Mixture Models of Dynamic Discrete Choices

Hiroyuki Kasahara, Katsumi Shimotsu
p. 135-175

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Long‐Term Risk: An Operator Approach

Lars Peter Hansen, José A. Scheinkman
p. 177-234

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Virtual Determinacy in Overlapping Generations Models

Jonathan L. Burke
p. 235-247

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Two New Conditions Supporting the First‐Order Approach to Multisignal Principal–Agent Problems

John R. Conlon
p. 249-278

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Ancillary Statistics in Principal–Agent Models

Bernard Sinclair‐Desgagné
p. 279-281

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Bootstrapping Realized Volatility

Sílvia Gonçalves, Nour Meddahi
p. 283-306

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Characterization of Revenue Equivalence

Birgit Heydenreich, Rudolf Müller, Marc Uetz, Rakesh V. Vohra
p. 307-316

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Corrigendum to “Existence and Uniqueness of Solutions to the Bellman Equation in the Unbounded Case” Econometrica, Vol. 71, No. 5 (September, 2003), 1519–1555

Juan Pablo Rincón‐Zapatero, Carlos Rodríguez‐Palmero
p. 317-318

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Announcements

p. 319-323

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Forthcoming Papers

p. 325-325

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Report of the Secretary

p. 327-333

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Report of the Treasurer

p. 335-340

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Report of the Editors 2007–2008

p. 341-345

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Econometrica Referees 2007–2008

p. 347-355

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Report of the Editors of the Monograph Series

p. 357-359

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Submission of Manuscripts to the Econometric Society Monograph Series

p. 361-361

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Back Matter

p. iii-vi

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Issue 2

Front Matter

p. i-ii

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Financial Innovation and the Transactions Demand for Cash

Fernando Alvarez, Francesco Lippi
p. 363-402

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Liquidity in Asset Markets With Search Frictions

Ricardo Lagos, Guillaume Rocheteau
p. 403-426

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Search, Obfuscation, and Price Elasticities on the Internet

Glenn Ellison, Sara Fisher Ellison
p. 427-452

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Belief‐Free Equilibria in Games With Incomplete Information

Johannes Hörner, Stefano Lovo
p. 453-487

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Robust Priors in Nonlinear Panel Data Models

Manuel Arellano, Stéphane Bonhomme
p. 489-536

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The Optimal Income Taxation of Couples

Henrik Jacobsen Kleven, Claus Thustrup Kreiner, Emmanuel Saez
p. 537-560

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Directed Search for Equilibrium Wage–Tenure Contracts

Shouyong Shi
p. 561-584

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Testing for Stochastic Monotonicity

Sokbae Lee, Oliver Linton, Yoon‐Jae Whang
p. 585-602

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A Mechanism for Eliciting Probabilities

Edi Karni
p. 603-606

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Announcements

p. 607-614

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Forthcoming Papers

p. 615-615

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2008 Election of Fellows to the Econometric Society

p. 617-622

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Back Matter

p. iii-vi

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Issue 3

Front Matter

p. i-ii

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The Impact of Uncertainty Shocks

Nicholas Bloom
p. 623-685

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Generalized Method of Moments With Many Weak Moment Conditions

Whitney K. Newey, Frank Windmeijer
p. 687-719

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Hybrid and Size‐Corrected Subsampling Methods

Donald W. K. Andrews, Patrik Guggenberger
p. 721-762

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The Microeconomics of Efficient Group Behavior: Identification

P.‐A. Chiappori, I. Ekeland
p. 763-799

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Vector Expected Utility and Attitudes Toward Variation

Marciano Siniscalchi
p. 801-855

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Optimal Stopping With Multiple Priors

Frank Riedel
p. 857-908

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Incentives to Exercise

Gary Charness, Uri Gneezy
p. 909-931

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A Double‐Track Adjustment Process for Discrete Markets With Substitutes and Complements

Ning Sun, Zaifu Yang
p. 933-952

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Unconditional Quantile Regressions

Sergio Firpo, Nicole M. Fortin, Thomas Lemieux
p. 953-973

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Classification Error in Dynamic Discrete Choice Models: Implications for Female Labor Supply Behavior

Michael P. Keane, Robert M. Sauer
p. 975-991

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Announcements

p. 993-999

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Forthcoming Papers

p. 1001-1001

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Back Matter

p. iii-vi

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Issue 4

Front Matter

p. i-ii

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An Economic Model of Friendship: Homophily, Minorities, and Segregation

Sergio Currarini, Matthew O. Jackson, Paolo Pin
p. 1003-1045

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Social Connections and Incentives in the Workplace: Evidence From Personnel Data

Oriana Bandiera, Iwan Barankay, Imran Rasul
p. 1047-1094

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Collusion via Resale

Rodney J. Garratt, Thomas Tröger, Charles Z. Zheng
p. 1095-1136

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Bubbles and Self‐Enforcing Debt

Christian Hellwig, Guido Lorenzoni
p. 1137-1164

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An Elementary Theory of Comparative Advantage

Arnaud Costinot
p. 1165-1192

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Nonparametric Identification of Risk Aversion in First‐Price Auctions Under Exclusion Restrictions

Emmanuel Guerre, Isabelle Perrigne, Quang Vuong
p. 1193-1227

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Panel Data Models With Interactive Fixed Effects

Jushan Bai
p. 1229-1279

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Testing Models With Multiple Equilibria by Quantile Methods

Federico Echenique, Ivana Komunjer
p. 1281-1297

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More on Confidence Intervals for Partially Identified Parameters

Jörg Stoye
p. 1299-1315

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Information Independence and Common Knowledge

Olivier Gossner, Ehud Kalai, Robert Weber
p. 1317-1328

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Announcements

p. 1329-1335

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Forthcoming Papers

p. 1336-1336

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Submission of Manuscripts to the Econometric Society Monograph Series

p. 1337-1337

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Back Matter

p. iii-vi

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Issue 5

Front Matter

p. i-ii

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The Unemployment Volatility Puzzle: Is Wage Stickiness the Answer?

Christopher A. Pissarides
p. 1339-1369

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Decision Makers as Statisticians: Diversity, Ambiguity, and Learning

Nabil I. Al‐Najjar
p. 1371-1401

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Inference for Continuous Semimartingales Observed at High Frequency

Per A. Mykland, Lan Zhang
p. 1403-1445

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Testing Hypotheses About the Number of Factors in Large Factor Models

Alexei Onatski
p. 1447-1479

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Identification and Estimation of Triangular Simultaneous Equations Models Without Additivity

Guido W. Imbens, Whitney K. Newey
p. 1481-1512

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Information Percolation With Equilibrium Search Dynamics

Darrell Duffie, Semyon Malamud, Gustavo Manso
p. 1513-1574

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Ambiguity and Second‐Order Belief

Kyoungwon Seo
p. 1575-1605

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Social Image and the 50–50 Norm: A Theoretical and Experimental Analysis of Audience Effects

James Andreoni, B. Douglas Bernheim
p. 1607-1636

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Gender Differences in Competition: Evidence From a Matrilineal and a Patriarchal Society

Uri Gneezy, Kenneth L. Leonard, John A. List
p. 1637-1664

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Inference in Dynamic Discrete Choice Models With Serially orrelated Unobserved State Variables

Andriy Norets
p. 1665-1682

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Asymptotics for Statistical Treatment Rules

Keisuke Hirano, Jack R. Porter
p. 1683-1701

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Corrigendum to “Bootstrap Algorithms for Testing and Determining the Cointegration Rank in VAR Models”

Anders Rygh Swensen
p. 1703-1704

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Announcements

p. 1705-1708

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Forthcoming Papers

p. 1709-1709

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Back Matter

p. iii-vi

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Issue 6

Front Matter

p. i-vi

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A Parsimonious Macroeconomic Model for Asset Pricing

Fatih Guvenen
p. 1711-1750

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Liquidity and Trading Dynamics

Veronica Guerrieri, Guido Lorenzoni
p. 1751-1790

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Market Structure and Multiple Equilibria in Airline Markets

Federico Ciliberto, Elie Tamer
p. 1791-1828

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Longevity and Lifetime Labor Supply: Evidence and Implications

Moshe Hazan
p. 1829-1863

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Bayesian Estimation of Dynamic Discrete Choice Models

Susumu Imai, Neelam Jain, Andrew Ching
p. 1865-1899

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Structural Nonparametric Cointegrating Regression

Qiying Wang, Peter C. B. Phillips
p. 1901-1948

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Comparative Statics, Informativeness, and the Interval Dominance Order

John K.‐H. Quah, Bruno Strulovici
p. 1949-1992

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Observing Unobservables: Identifying Information Asymmetries With a Consumer Credit Field Experiment

Dean Karlan, Jonathan Zinman
p. 1993-2008

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Comments on “Convergence Properties of the Likelihood of Computed Dynamic Models”

Daniel Ackerberg, John Geweke, Jinyong Hahn
p. 2009-2017

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Announcements

p. 2019-2021

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Forthcoming Papers

p. 2023-2023

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The Econometric Society Annual Reports, 2008 Report of the President

p. 2025-2027

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Back Matter

p. vii-x

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