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 54

Issue 1

Erratum: Effects of Growing Incomes on Classified Income Distributions, the Derived Lorenz Curves, and Gini Indices

Hans-Georg Petersen

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Front Matter

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The Superneutrality of Money in the United States: An Interpretation of the Evidence

John Geweke
p. 1-22

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Borrowing Constraints and Aggregate Economic Activity

Jose A. Scheinkman, Laurence Weiss
p. 23-46

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Female Labor Supply with Taxation, Random Preferences, and Optimization Errors

A. Zabalza, J. L. Arrufat
p. 47-64

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When is it Optimal to Kill off the Market for Used Durable Goods?

John Rust
p. 65-86

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Power and Linear Income Taxes: An Example

Richard M. Peck
p. 87-94

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On Competitive Market Mechanisms

Jean-Pascal Benassy
p. 95-108

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Common Knowledge, Consensus, and Aggregate Information

Richard D. McKelvey, Talbot Page
p. 109-128

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Stochastic Communication and Coalition Formation

A. Kirman, C. Oddou, S. Weber
p. 129-138

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Realization and Nash Implementation: Two Aspects of Mechanism Design

Steven R. Williams
p. 139-152

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Simultaneity of Issues and Additivity in Bargaining

Hans Peters
p. 153-170

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Aggregation, Efficiency, and Cross-Section Regression

Thomas M. Stoker
p. 171-188

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A Theorem of Validity for Edgeworth Expansions

J. D. Sargan, S. E. Satchell
p. 189-214

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Notes and Comments: Comment on Identification in the Linear Errors in Variables Model

Paul A. Bekker
p. 215-218

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Notes and Comments: Additive Separability and Equivalent Scales

Arthur Lewbel
p. 219-222

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Call For Papers: 1986 North American Summer Meeting of the Econometric Society

p. 223-224

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Nomination of Fellows, 1986

p. 223-223

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6th Latin American Meeting of the Econometric Society--1986: Call for Papers

p. 224-225

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1986 Australasian Meeting of the Econometric Society: Announcement and Call for Papers

p. 225-225

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European Meeting of the Econometric Society, Budapest, 1986: Announcement and Call for Papers

p. 225-225

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

p. 226-227

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1987 Australasian Meetings of the Econometric Society: Preliminary Announcement

p. 227-227

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Accepted Manuscripts

p. 227-228

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News Notes

p. 229-232

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Report of the Secretary

Julie P. Gordon
p. 233-238

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Report of the Treasurer

Robert J. Gordon
p. 239-244

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Report of the Editors

Angus Deaton, David Kreps, Gary Chamberlain, Roger Guesnerie
p. 245-246

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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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The Present Value of Profits and Cyclical Movements in Investment

Andrew B. Abel, Olivier J. Blanchard
p. 249-274

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The Durable Goods Monopolist and Consistency with Increasing Costs

Charles Kahn
p. 275-294

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An Information Good Market with Symmetric Externalities

Shigeo Muto
p. 295-312

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An Example of Price Formation in Bilateral Situations: A Bargaining Model with Incomplete Information

Motty Perry
p. 313-322

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Multistage Games with Communication

Roger B. Myerson
p. 323-358

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A Utility Representation for a Preference Relation on a @s-Algebra

Marcus Berliant
p. 359-362

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A Stochastic Analysis of an Input-Output Model

Guy R. West
p. 363-374

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Structural and Reduced-Form Models of Choice among Alternatives in Continuous Time: Youth Employment under a Guaranteed Jobs Program

D. Alton Smith, George Farkas, Randall J. Olsen
p. 375-394

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Tests of Noncausality under Markov Assumptions for Qualitative Panel Data

J. J. Laffont, M. B. Bouissou, Q. H. Vuong
p. 395-414

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Sampling Designs for Short Panel Data

Bianca L. De Stavola
p. 415-424

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Notes and Comments: On the Allocation of Residents to Rural Hospitals: A General Property of Two-Sided Matching Markets

Alvin E. Roth
p. 425-428

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Notes and Comments: Limit Pricing when the Potential Entrant is Uncertain of its Cost Function

Joseph E. Harrington, Jr.
p. 429-438

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1986 Australasian Meeting of the Econometric Society: Announcement and Call for Papers

p. 439-440

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6th Latin American Meeting of the Econometric Society--1986: Call for Papers

p. 439-439

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Nomination of Fellows, 1986

p. 439-439

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

p. 440-442

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European Meeting of the Econometric Society, Budapest, 1986: Announcement and Call for Papers

p. 440-440

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1987 Australasian Meetings of the Econometric Society: Preliminary Announcement

p. 442-442

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Accepted Manuscripts

p. 442-442

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News Notes

p. 443-446

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Report of the President

p. 447-453

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The Econometric Society Research Monograph Series: Report of the Editors

p. 455-456

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Submission of Manuscripts to the Econometric Society Monograph Series

p. 457-457

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Program of the Fifth World Congress of the Econometric Society

p. 459-505

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Submission of Manuscripts to Econometrica

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[Photograph]: Daniel McFadden, President of the Econometric Society, 1985; First Vice-President of the Econometric Society, 1984; Second Vice-President of the Econometric Society, 1983

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Back Matter

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Issue 3

Front Matter

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Neighborhood Systems for Production Sets with Indivisibilities

Herbert E. Scarf
p. 507-532

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The Folk Theorem in Repeated Games with Discounting or with Incomplete Information

Drew Fudenberg, Eric Maskin
p. 533-554

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A Structural Retirement Model

Alan L. Gustman, Thomas L. Steinmeier
p. 555-584

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Inflation and Asset Prices in an Exchange Economy

Jean-Pierre Danthine, John B. Donaldson
p. 585-606

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Optimal Taxation of Capital Income in General Equilibrium with Infinite Lives

Christophe Chamley
p. 607-622

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Competition of Firms: Discriminatory Pricing and Location

Arthur P. Hurter, Jr., Phillip J. Lederer
p. 623-640

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Bounding the Effects of Proxy Variables on Regression Coefficients

John W. Pratt, William S. Krasker
p. 641-656

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The Encompassing Principle and its Application to Testing Non-Nested Hypotheses

Grayham E. Mizon, Jean-Francois Richard
p. 657-678

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Notes and Comments: An Exogeneity Test for a Simultaneous Equation Tobit Model with an Application to Labor Supply

Richard J. Smith, Richard W. Blundell
p. 679-686

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Notes and Comments: A Note on the Unbiasedness of Feasible GLS, Quasi-Maximum Likelihood, Robust, Adaptive, and Spectral Estimators of the Linear Model

Donald W. K. Andrews
p. 687-698

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Notes and Comments: Confidence Regions for Multipliers in Linear Dynamic Models

Graeme Wells, Lewis Evans
p. 699-706

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Notes and Comments: Falmagne and the Rationalizability of Stochastic Choices in Terms of Random Orderings

Prasanta K. Pattanaik, Salvador Barbera
p. 707-716

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1987 Australasian Meetings of the Econometric Society: Preliminary Announcement

p. 717-717

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Accepted Manuscripts

p. 717-718

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News Notes

p. 719-720

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1985 Election of Fellows to the Econometric Society

p. 721-724

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Fellows of the Econometric Society as of January 1986

p. 725-738

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Program of the 1985 North American Winter Meetings of the Econometric Society

p. 739-753

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Submission of Manuscripts to Econometrica

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Back Matter

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Issue 4

News Notes

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Front Matter

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Patents as Options: Some Estimates of the Value of Holding European Patent Stocks

Ariel Pakes
p. 755-784

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Bargaining and Competition Part I: Characterization

Douglas Gale
p. 785-806

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Bargaining and Competition Part II: Existence

Douglas Gale
p. 807-818

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The General Basis of Arbitrator Behavior: An Empirical Analysis of Conventional and Final-Offer Arbitration

Henry S. Farber, Max H. Bazerman
p. 819-844

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Learning Procedures and Convergence to Rationality

C. Fourgeaud, C. Gourieroux, J. Pradel
p. 845-868

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Instrumental-Variable Estimation of an Error-Components Model

Takeshi Amemiya, Thomas E. MaCurdy
p. 869-880

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The Exact Distribution of the Wald Statistic

P. C. B. Phillips
p. 881-896

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Cake Eating, Chattering, and Jumps: Existence Results for Variational Problems

Paul Romer
p. 897-908

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Distribution of Power under Stochastic Social Choice Rules

Bezalel Peleg, Prasanta K. Pattanaik
p. 909-922

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Common Agency

B. Douglas Bernheim, Michael D. Whinston
p. 923-942

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A Theory of Exit in Duopoly

Drew Fudenberg, Jean Tirole
p. 943-960

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The Transmission of Data Noise into Policy Noise in U.S. Monetary Control

Agustin Maravall, David A. Pierce
p. 961-980

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Notes and Comments: On the Non-Transferable Utility Value: A Reply to Aumann

Alvin E. Roth
p. 981-984

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Notes and Comments: On the Non-Transferable Utility Value: Rejoinder

Robert J. Aumann
p. 985-990

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Notes and Comments: The Measurement and Decomposition of Multi-Dimensional Inequality

Esfandiar Maasoumi
p. 991-998

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1987 Australasian Meetings of the Econometric Society: Preliminary Announcement

p. 999-999

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1987 Far East Meetings of the Econometric Society: Preliminary Announcement

p. 999-999

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Accepted Manuscripts

p. 999-1000

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Submission of Manuscripts to Econometrica

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Back Matter

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Issue 5

Front Matter

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On the Strategic Stability of Equilibria

Elon Kohlberg, Jean-Francois Mertens
p. 1003-1038

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The Price Equilibrium Existence Problem in Topological Vector Lattices

Andreu Mas-Colell
p. 1039-1054

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Bargaining Power, Fear of Disagreement, and Wage Settlements: Theory and Evidence from U.S. Industry

Jan Svejnar
p. 1055-1078

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Capital Accumulation and Uncertain Lifetimes with Adverse Selection

Andrew B. Abel
p. 1079-1098

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A Theory of Ambiguity, Credibility, and Inflation under Discretion and Asymmetric Information

Alex Cukierman, Allan H. Meltzer
p. 1099-1128

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Rational Expectations Equilibria, Learning, and Model Specification

M. M. Bray, N. E. Savin
p. 1129-1160

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Stochastic Equilibria: Existence, Spanning Number, and the `No Expected Financial Gain from Trade' Hypothesis

Darrell Duffie
p. 1161-1184

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Consumer Information in Markets with Random Product Quality: The Case of Queues and Balking

Refael Hassin
p. 1185-1196

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Implicit Mean Value and Certainty Equivalence

Peter C. Fishburn
p. 1197-1206

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Stability Comparison of Estimators

Donald W. K. Andrews
p. 1207-1236

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Microeconometric Demand System with Binding Nonnegativity Constraints: The Dual Approach

Lung-Fei Lee, Mark M. Pitt
p. 1237-1242

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Notes and Comments: Wald Criteria for Jointly Testing Equality and Inequality Restrictions

David A. Kodde, Franz C. Palm
p. 1243-1248

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Notes and Comments: An Extension to the Implementability of Reduced Form Auctions

Yu-Min Chen
p. 1249-1252

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1987 Australasian Meetings of the Econometric Society: Preliminary Announcement

p. 1253-1254

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Call for Papers: 1987 North American Summer Meeting of the Econometric Society

p. 1253-1253

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Submission of Manuscripts to the Econometric Society Monograph Series

p. 1253-1253

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

p. 1254-1254

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Accepted Manscripts

p. 1254-1256

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News Notes

p. 1257-1258

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Submission of Manuscripts to Econometrica

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Back Matter

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Issue 6

Front Matter

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Theoretic Models: Mathematical Form and Economic Content

Gerard Debreu
p. 1259-1270

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Values of Markets with Satiation or Fixed Prices

Jacques H. Dreze, Robert J. Aumann
p. 1271-1318

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Reporting Errors and Labor Market Dynamics

James M. Poterba, Lawrence H. Summers
p. 1319-1338

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An Analysis of the Health and Retirement Status of the Elderly

Paul Taubman, Robin C. Sickles
p. 1339-1356

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An Examination of Multijurisdictional Corporate Income Taxation under Formula Apportionment

John D. Wilson, Roger Gordon
p. 1357-1373

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An Approach to Communication Equilibria

Francoise Forges
p. 1375-1385

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Analytical Policy Design under Rational Expectations

Charles H. Whiteman
p. 1387-1405

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Mobility Indices in Continuous Time Markov Chains

Gary A. Zarkin, John Geweke, Robert C. Marshall
p. 1407-1423

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A More Powerful Method for Triangularizing Input-Output Matrices and the Similarity of Production Structures

Yukio Fukui
p. 1425-1433

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Symmetrically Trimmed Least Squares Estimation for Tobit Models

James L. Powell
p. 1435-1460

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Consistent Estimation of Scaled Coefficients

Thomas M. Stoker
p. 1461-1481

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Notes and Comments: Control Variates to Estimate the Reduced Form Variance in Econometric Models

Frederic P. Sterbenz, Giorgio Calzolari
p. 1483-1490

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Call for Papers: 1987 North American Summer Meeting of the Econometric Society

p. 1491-1491

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Nomination of Fellows, 1987

p. 1491-1491

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The Latin American Meeting of the Econometric Society--1987: Call for Papers

p. 1491-1494

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

p. 1494-1494

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

p. 1495-1496

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

p. 1495-1495

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Accepted Manuscripts

p. 1497-1498

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News Notes

p. 1499-1500

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Erratum: The General Basis of Arbitrator Behavior: An Empirical Analysis of Conventional and Final-Offer Arbitration

Henry S. Farber, Max H. Bazerman
p. 1501-1501

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The General Basis of Arbitrator Behavior: An Empirical Analysis of Conventional and Final-Offer Arbitration

Henry S. Farber, Max H. Bazerman
p. 1503-1528

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Volume Information

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Submission of Manuscripts to Econometrica

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Back Matter

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