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 58

Issue 1

Back Matter

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Front Matter

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Information Revelation in a Market with Pairwise Meetings

Asher Wolinsky
p. 1-23

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Inference in Linear Time Series Models with some Unit Roots

Christopher A. Sims, James H. Stock, Mark W. Watson
p. 113-144

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A General Approach to the Limiting Distribution for Estimators in Time Series Regression with Nonstable Autoregressive Errors

Katsuto Tanaka, Seiji Nabeya
p. 145-163

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Asymptotic Properties of Residual Based Tests for Cointegration

P. C. B. Phillips, S. Ouliaris
p. 165-193

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Announcements

p. 195-203

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News Notes

p. 205-208

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The Econometric Society Annual Reports, 1989: Report of the Secretary

Julie P. Gordon
p. 209-215

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The Econometric Society Annual Reports, 1989: Report of the Treasurer

Robert J. Gordon
p. 216-222

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The Econometric Society Annual Reports, 1989: Report of the Editors

Andreu Mas-Colell, Lars Hansen, Martin Hellwig, Robert Porter
p. 223-225

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Program of the Ninth Latin American Meeting of the Econometric Society

p. 227-273

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Asset Pricing and Optimal Portfolio Choice in the Presence of Illiquid Durable Consumption Goods

Guy Laroque, Sanford J. Grossman
p. 25-51

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Erratum

p. 275-275

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Precautionary Saving in the Small and in the Large

Miles S. Kimball
p. 53-73

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On Calculating Cost-of-Living Index Numbers for Arbitrary Income Levels

Bert M. Balk
p. 75-92

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Solving Nonlinear Rational Expectations Models: A Stochastic Equilibrium Model of Interest Rates

Alfonso Novales
p. 93-111

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Issue 2

Back Matter

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Front Matter

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Learning to Believe in Sunspots

Michael Woodford
p. 277-307

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Information Aggregation in an Experimental Market

Robert Forsythe, Russell Lundholm
p. 309-347

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Two-Stage Lotteries without the Reduction Axiom

Uzi Segal
p. 349-377

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The Principal-Agent Relationship with an Informed Principal: The Case of Private Values

Eric Maskin, Jean Tirole
p. 379-409

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Hedging Pressure and Futures Price Movements in a General Equilibrium Model

David Hirshleifer
p. 411-428

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Credit-Worthiness Tests and Interbank Competition

Thorsten Broecker
p. 429-452

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Simple Estimation of a Duration Model with Unobserved Heterogeneity

Bo E. Honore
p. 453-473

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Exact Tests and Confidence sets in Linear Regressions with Autocorrelated Errors

Jean-Marie Dufour
p. 475-494

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The Fractional Unit Root Distribution

Fallaw Sowell
p. 495-505

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Notes and Comments: On the Nature and Number of the Constraints on the Reduced Form as Implied by the Structural Form

P. A. Bekker, T. K. Dijkstra
p. 507-514

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Notes and Comments: Correlated Equilibrium in Two-Person Zero-Sum Games

Francoise Forges
p. 515-515

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Announcements

p. 517-519

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The Econometric Society Annual Reports: The Econometric Society Research Monograph Series Report of the Editors

Alain Monfort, Jean-Michel Grandmont
p. 521-522

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Issue 3

Back Matter

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Front Matter

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Meteor Showers or Heat Waves? Heteroskedastic Intra-Daily Volatility in the Foreign Exchange Market

Robert F. Engle, Takatoshi Ito, Wen-Ling Lin
p. 525-542

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Household Choices in Equilibrium

Robert A. Miller, Sumru Altug
p. 543-570

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Learning How to Cooperate: Optimal Play in Repeated Coordination Games

Hans Haller, Vincent P. Crawford
p. 571-595

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Long-term, Short-term and Renegotiation: On the Value of Commitment in Contracting

Bernard Salanie, Patrick Rey
p. 597-619

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Transactions/List Pricing

Daniel J. Seidmann
p. 621-636

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Intertemporal Price Competition

Jonathan Eaton, Maxim Engers
p. 637-659

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Existence of Marginal Cost Pricing Equilibria in Economies with Several Nonconvex Firms

Bernard Cornet, Jean-Marc Bonnisseau
p. 661-682

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On the Generic Nonoptimality of Dominant-Strategy Allocation Mechanisms: A General Theorem That Includes Pure Exchange Economies

Leonid Hurwicz, Mark Walker
p. 683-704

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Some Clarifications on the Transversality Condition

Philippe Michel
p. 705-723

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Notes and Comments: Large Sample Properties of Two Inequality Indices

Paul D. Thistle
p. 725-728

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Announcements

p. 729-729

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News Notes

p. 731-731

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1989 Election of Fellows to the Econometric Society

p. 733-739

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Fellows of the Economic Society as of January

p. 741-756

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Issue 4

Back Matter

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Front Matter

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Unemployment Insurance and Unemployment Spells

Bruce D. Meyer
p. 757-782

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Estimating a Market Equilibrium Search Model from Panel Data on Individuals

Kenneth I. Wolpin, Zvi Eckstein
p. 783-808

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Efficient Instrumental Variables Estimation of Nonlinear Models

Whitney K. Newey
p. 809-837

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An Algorithmic Theory of the Choice of Techniques

Christian Bidard
p. 839-859

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Discontinuous Games and Endogenous Sharing Rules

Leo K. Simon, William R. Zame
p. 861-872

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Efficiency Despite Mutually Payoff-Relevant Private Information: The Finite Case

John W. Pratt, Richard J. Zeckhauser, Scott Johnson
p. 873-900

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Direct and Indirect Sale of Information

Anat R. Admati, Paul Pfleiderer
p. 901-928

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Inventories and Money Holdings in a Search Economy

Joel Yellin, Peter Diamond
p. 929-950

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Notes and Comments: Bargaining with Uncertain Disagreement Points

William Thomson, Youngsub Chun
p. 951-959

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Notes and Comments: Risk Aversion in the Nash Bargaining Problem with Risky Outcomes and Risky Disagreement Points

Itzhak Zilcha, Lin Zhou, Zvi Safra
p. 961-965

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Notes and Comments: Some Further Results on the Exact Small Sample Properties of the Instrumental Variable Estimator

Charles R. Nelson, Richard Startz
p. 967-976

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Notes and Comments: The Danger of Extrapolating Asymptotic Local Power

Forrest D. Nelson, N. E. Savin
p. 977-981

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Announcements

p. 983-984

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News Notes

p. 985-986

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Program of the 1989 North American Winter Meeting of the Econometric Society

p. 987-1006

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Issue 5

Back Matter

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Front Matter

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Aggregate Consumer Behavior and the Measurement of Social Welfare

Dale W. Jorgenson
p. 1007-1040

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Toward a Theory of Discounted Repeated Games with Imperfect Monitoring

David Pearce, Dilip Abreu, Ennio Stacchetti
p. 1041-1063

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Testing the Minimax Hypothesis: A Re-Examination of O'Neill's Game Experiment

James N. Brown, Robert W. Rosenthal
p. 1065-1081

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Nash Implementation: A Full Characterization

John Moore, Rafael Repullo
p. 1083-1099

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On the Optimality of Central Places

Jacques-Francois Thisse, Martine Quinzii
p. 1101-1119

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The Empirical Content of the Roy Model

Bo E. Honore, James J. Heckman
p. 1121-1149

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Pensions, the Option Value of Work, and Retirement

David A. Wise, James H. Stock
p. 1151-1180

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On the Normalization of Structural Equations: Properties of Direction Estimators

Grant H. Hillier
p. 1181-1194

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Tail Behavior of Regression Estimators and their Breakdown Points

uming He, Jana Jureckova, Roger Koenker, Stephen Portnoy
p. 1195-1214

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Asymptotic Likelihood-Based Prediction Functions

Thomas F. Cooley, William R. Parke
p. 1215-1234

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Notes and Comments: Common Knowledge of an Aggregate of Expectations

Adam Brandenburger, John Geanakoplos, Lars Tyge Nielsen, Richard McKelvey, Talbot Page
p. 1235-1239

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Notes and Comments: A Simple Characterization of Stochastically Monotone Functions

Adam Brandenburger, James Bergin
p. 1241-1243

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Notes and Comments: Time Consistency of Fiscal and Monetary Policy: A Comment

Guillermo A. Calvo, Maurice Obstfeld
p. 1245-1247

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Announcements

p. 1248-1251

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News Notes

p. 1252-1253

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Issue 6

Back Matter

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Front Matter

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Volume Information

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Rationalizability, Learning, and Equilibrium in Games with Strategic Complementarities

John Roberts, Paul Milgrom
p. 1255-1277

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Moral Hazard and Renegotiation in Agency Contracts

Drew Fudenberg, Jean Tirole
p. 1279-1319

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Public and Private Information: An Experimental Study of Information Pooling

Richard D. McKelvey, Talbot Page
p. 1321-1339

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Universal Mechanisms

Francoise Forges
p. 1341-1364

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On the Definition of the Strategic Stability of Equilibria

John Hillas
p. 1365-1390

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Long Waves and Short Waves: Growth Through Intensive and Extensive Search

Boyan Jovanovic, Rafael Rob
p. 1391-1409

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The Relationship Between Wages and Income and the Timing and Spacing of Births: Evidence from Swedish Longitudinal Data

James J. Heckman, James R. Walker
p. 1411-1441

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A Consistent Conditional Moment Test of Functional Form

Herman J. Bierens
p. 1443-1458

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Notes and Comments: Testing for a Global Maximum in an Econometric Context

Michael R. Veall
p. 1459-1465

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Notes and Comments: On the Possibility of Price Decreasing Bubbles

Philippe Weil
p. 1467-1474

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Notes and Comments: Random Paths to Stability in Two-Sided Matching

Alvin E. Roth, John H. Vande Vate
p. 1475-1480

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Notes and Comments: A Globally Stable Price Adjustment Process

Kazuya Kamiya
p. 1481-1485

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Announcements

p. 1487-1493

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News Notes

p. 1494-1496

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Journal News

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