Econometrica

Journal Of The Econometric Society

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

Edited by: Marina Halac • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica - Volume 53

Issue 1 (January 1985)

Front Matter

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On the Welfare Analysis of Rational Expectations Equilibria with Asymmetric Information

Jean-Jacques Laffont
p. 1-30

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A Differential Demand System, Rational Expectations and the Life Cycle Hypothesis

C. L. F. Attfield, Martin J. Browning
p. 31-48

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Egalitarianism and Utilitarianism in Quasi-Linear Bargaining

Herve Moulin
p. 49-68

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Repeated Moral Hazard

William P. Rogerson
p. 69-76

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A Sequential Solution to the Public Goods Problem

Jacques Cremer, Michael H. Riordan
p. 77-84

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Rationalizing Revolutionary Ideology

John E. Roemer
p. 85-108

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Distribution of Income and the "Law of Demand"

Pierre-Andre Chiappori
p. 109-128

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Money, Real Interest Rates, and Output: A Reinterpretation of Postwar U.S. Data

Laurence Weiss, Robert B. Litterman
p. 129-156

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A Linear Theory for Noncausality

J.-P. Florens, M. Mouchart
p. 157-176

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Third-Order Efficiency of the Extended Maximum Likelihood Estimators in a Simultaneous Equation System

Kei Takeuchi, Kimio Morimune
p. 177-200

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Notes and Comments: On the Optimality of First Come Last Served Queues

Refael Hassin
p. 201-202

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Notes and Comments: Future Investment Constraints Reduce Present Investment

Antoine D’Autume, Philippe Michel
p. 203-206

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Notes and Comments: A Note on Risk Aversion in a Perfect Equilibrium Model of Bargaining

Alvin E. Roth
p. 207-212

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Notes and Comments: A Note on Price Stability and Consumer's Welfare

Michael R. Baye
p. 213-216

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Notes and Comments: Price Dispersion and Functional Price Indices

Michael R. Baye
p. 217-224

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North American Winter Meeting of the Econometric Society

p. 225-227

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Nomination of Fellows, 1985

p. 225-225

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1985 World Congress of the Econometric Society: Announcement and Call for Papers

p. 227-232

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Accepted Manuscripts

p. 232-233

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News Notes

p. 234-236

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Report of the Secretary

Julie P. Gordon
p. 237-240

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Report of the Treasurer

Robert J. Gordon
p. 241-247

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Report of the Editors

Hugo Sonnenschein
p. 248-250

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Erratum: The X^2 Goodness of Fit Statistic for Models with Paramaters Estimated from Microdata

James J. Heckman
p. 251-251

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Submission of Manuscripts to Econometrica

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[Photograph]: Hugo Sonnenschein, Co-Editor of Econometrica, 1975-1976; Editor of Econometrica, 1977-1984

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Back Matter

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Issue 2 (March 1985)

Front Matter

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Bayesian Econometrics

Arnold Zellner
p. 253-270

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Consistent Estimation of the Impact of Tax Deductibility on the Level of Charitable Contributions

Kimberly D. Zieschang, William S. Reece
p. 271-294

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Work Incentive Effects of Taxing Unemployment Benefits

Gary Solon
p. 295-306

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Monotonic Solutions to General Cooperative Games

Dov Samet, Ehud Kalai
p. 307-328

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Information Sharing in Oligopoly

Esther Gal-Or
p. 329-344

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Optimal Selling Strategies under Uncertainty for a Discriminating Monopolist when Demands are Interdependent

Jacques Cremer, Richard P. McLean
p. 345-362

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An Intertemporal General Equilibrium Model of Asset Prices

John C. Cox, Jonathan E. Ingersoll, Jr., Stephen A. Ross
p. 363-384

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A Theory of the Term Structure of Interest Rates

John C. Cox, Jonathan E. Ingersoll, Jr., Stephen A. Ross
p. 385-408

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The Distribution of Inventory Holdings in a Pure Exchange Barter Search Economy

Joel Yellin, Peter Diamond
p. 409-432

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Comparative Statics and Perfect Foresight in Infinite Horizon Economies

David K. Levine, Timothy J. Kehoe
p. 433-454

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Lack of Pareto Optimal Allocations in Economies with Infinitely Many Commodities: The Need for Impatience

A. Araujo
p. 455-462

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Notes and Comments: Consistent @d-Relative Majority Equilibria

Joseph Greenberg, Shlomo Weber
p. 463-464

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Notes and Comments: Market Dynamics and the Law of Demand

Donald Keenan, Trout Rader
p. 465-472

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Notes and Comments: Aversion pour le Risque Croissante avec une Richesse Initiale Aleatoire

Jean Lefoll, Phillippe Caperaa
p. 473-476

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Notes and Comments: A New Approximation of the Critical Point of the Durbin-Watson Test for Serial Correlation

Ki-Jun Jeong
p. 477-482

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Miscellanea: On Heteros*edasticity

J. Huston McCulloch
p. 483-483

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

p. 485-487

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Nomination of Fellows, 1985

p. 485-485

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Accepted Manuscripts

p. 487-488

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News Notes

p. 489-492

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Program of the V Latin American Regional Meeting of the Econometric Society

p. 493-502

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Submission of Manuscripts to Econometrica

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Back Matter

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Issue 3 (May 1985)

Front Matter

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A Profitable Approach to Labor Supply and Commodity Demands over the Life-Cycle

Angus Deaton, Margaret Irish, Martin Browning
p. 503-544

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Capacity Pricing

Robert Wilson, Shmuel Oren, Stephen Smith
p. 545-566

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On the Performance of Patents

Kenneth L. Judd
p. 567-586

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Existence of Cournot Equilibrium in Large Markets

Jean Fraysse, Rodrigo Bamon
p. 587-598

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An Axiomatization of the Non-Transferable Utility Value

Robert J. Aumann
p. 599-612

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Existence and Characterization of Perfect Equilibrium in Games of Perfect Information

Christopher Harris
p. 613-628

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A Noisy Rational Expectations Equilibrium for Multi-Asset Securities Markets

Anat R. Admati
p. 629-658

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The Computation of General Equilibrium in Economies with a Block Diagonal Pattern

Gerard van der Laan
p. 659-666

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Notes and Comments: On the Non-Transferable Utility Value: A Comment on the Roth-Shafer Examples

Robert J. Aumann
p. 667-678

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Corrigendum: A Decomposition Algorithm for General Equilibrium Computation with Application to International Trade Models: A Correction

John Whalley, Philip M. White
p. 679-679

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Accepted Manuscripts

p. 681-682

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Alfred Cowles, 3rd, 1891-1984

p. 683-686

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1984 Election of Fellows of the Econometric Society

p. 687-689

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Fellows of the Econometric Society as of January 1985

p. 690-702

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Program of the 1984 Australasian Meetings of the Econometric Society

p. 703-706

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Program of the 1984 European Meeting of the Econometric Society

p. 707-726

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Program of the 1984 North American Winter Meeting of the Econometric Society

p. 727-744

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Submission of Manuscripts to Econometrica

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[Photograph]: Amartya Sen, President of the Econometric Society, 1984; First Vice-President of the Econometric Society, 1983; Second Vice-President of the Econometric Society, 1982

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Back Matter

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Issue 4 (July 1985)

Front Matter

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The Exact Distribution of the SUR Estimator

P. C. B. Phillips
p. 745-756

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Producer Incentives in Cost Allocation

H. P. Young
p. 757-766

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The Principle of Minimum Differentiation Holds under Sufficient Heterogeneity

A. de Palma, J.-F. Thisse, V. Ginsburgh, Y. Y. Papageorgiou
p. 767-782

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Stationary Equilibrium in a Market for Durable Assets

John Rust
p. 783-806

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Voluntary and Efficient Allocations are Walrasian

Joaquim Silvestre
p. 807-816

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Efficient and Durable Decision Rules: A Reformulation

Vincent P. Crawford
p. 817-836

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Product Quality Signaling in Experimental Markets

Charles R. Plott, Ross M. Miller
p. 837-872

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The Strategy Structure of Two-Sided Matching Markets

David Gale, Gabrielle Demange
p. 873-888

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Justifiable Beliefs in Sequential Equilibrium

Andrew McLennan
p. 889-904

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Finitely Repeated Games

Jean-Pierre Benoit, Vijay Krishna
p. 905-922

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Optimal Search

Peter Morgan, Richard Manning
p. 923-944

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Decreasing Risk Aversion and Mean-Variance Analysis

Larry G. Epstein
p. 945-962

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The Symmetric Linear Rational Expectations Model

Tryphon Kollintzas
p. 963-976

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Notes and Comments: Rational Expectations Models and Bounded Memory

C. Fourgeaud, C. Gourieroux, J. Pradel
p. 977-986

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Call for Papers: 1986 North American Summer Meeting of the Society

p. 987-988

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Accepted Manuscripts

p. 988-990

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News Notes

p. 991-993

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Erratum: The X^2 Goodness of Fit Test for Models with Parameters Estimated from Microdata

James Heckman
p. 994-994

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Submission of Manuscripts to Econometrica

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Back Matter

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Issue 5 (September 1985)

Front Matter

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On Endogenous Competitive Business Cycles

Jean-Michel Grandmont
p. 995-1046

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Maximum Likelihood Specification Testing and Conditional Moment Tests

Whitney K. Newey
p. 1047-1070

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Asset Bubbles and Overlapping Generations

Jean Tirole
p. 1071-1100

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Incentive Efficiency of Double Auctions

Robert Wilson
p. 1101-1116

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Iterative Price Mechanisms

Donald G. Saari
p. 1117-1132

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Equilibrium in a Market with Sequential Bargaining

Ariel Rubinstein, Asher Wolinsky
p. 1133-1150

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A Bargaining Model with Incomplete Information About Time Preferences

Ariel Rubinstein
p. 1151-1172

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Repeated Principal-Agent Games with Discounting

Roy Radner
p. 1173-1198

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Distributions of the Duration and Value of Job Search with Learning

Peter B. Morgan
p. 1199-1232

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Two-by-Two International Trade Theory with Many Goods and Factors

J. Peter Neary
p. 1233-1248

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

p. 1249-1250

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

p. 1250-1250

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Accepted Manuscripts

p. 1250-1251

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News Notes

p. 1252-1252

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Errata: Testing for Unit Roots: 2

G. B. A. Evans, N. E. Savin
p. 1253-1253

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Submission of Manuscripts to Econometrica

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Back Matter

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Issue 6 (November 1985)

Front Matter

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The Econometrics of Nonlinear Budget Sets

Jerry A. Hausman
p. 1255-1282

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Strong Core Theorems with Nonconvex Preferences

Robert M. Anderson
p. 1283-1294

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An Axiomatization of Harsanyi's Nontransferable Utility Solution

Sergiu Hart
p. 1295-1314

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Continuous Auctions and Insider Trading

Albert S. Kyle
p. 1315-1336

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Implementing Arrow-Debreu Equilibria by Continuous Trading of Few Long-Lived Securities

Chi-Fu Huang, Darrell Duffie
p. 1337-1356

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The First-Order Approach to Principal-Agent Problems

William P. Rogerson
p. 1357-1368

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General Equilibrium when Some Firms Follow Special Pricing Rules

Egbert Dierker, Roger Guesnerie, Wilhelm Neuefeind
p. 1369-1394

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The Variability of Aggregate Demand with (S, s) Inventory Policies

Andrew S. Caplin
p. 1395-1410

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Conditions for the Existence of a Balance Growth Solution for the Leontief Dynamic Input-Output Model

Daniel B. Szyld
p. 1411-1420

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The Global Properties of the Minflex Laurent, Generalized Leontief, and Translog Flexible Functional Forms

William A. Barnett, Yul W. Lee
p. 1421-1438

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Notes and Comments: Poverty Measurement: A Decomposition of the Normalization Axiom

Kaushik Basu
p. 1439-1444

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Notes and Comments: Nontransferable Utility Games and Markets: Some Examples and the Harsanyi Solution

Sergiu Hart
p. 1445-1450

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Notes and Comments: The Structure of Intertemporal Preferences under Uncertainty and Time Consistent Plans

John B. Donaldson, Thore H. Johnsen
p. 1451-1458

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Notes and Comments: A Complementary Approach to the Strong and Weak Axioms of Revealed Preference

Stephen A. Clark
p. 1459-1464

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Notes and Comments: Formulating Wald Tests of Nonlinear Restrictions

Allan W. Gregory, Michael R. Veall
p. 1465-1468

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Notes and Comments: A Note About Models for Selectivity Bias

Roderick J. A. Little
p. 1469-1474

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Notes and Comments: Resistant Estimation for Simultaneous-Equations Models Using Weighted Instrumental Variables

Roy E. Welsch, William S. Krasker
p. 1475-1488

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

p. 1489-1490

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1987 Australasian Meetings of the Econometric Society: Preliminary Announcement

p. 1490-1490

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Accepted Manuscripts

p. 1491-1491

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

p. 1492-1492

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

p. 1492-1493

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

p. 1493-1494

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News Notes

p. 1495-1496

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Erratum: Asset Bubbles and Overlapping Generations

Jean Tirole
p. 1497-1497

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Asset Bubbles and Overlapping Generations

Jean Tirole
p. 1499-1528

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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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