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Econometrica
1950 - 2012
Edited by Daron Acemoglu
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Volume 51, issue 6 , 1983
Identification and Lack of Identification pp. 1605-33
J. Denis Sargan
Estimating Dynamic Random Effects Models from Panel Data Covering Short Time Periods pp. 1635-59
Alok Bhargava and J. Denis Sargan
An Econometric Analysis of Reservation Wages pp. 1661-76
Tony Lancaster and Andrew Chesher
Discontinuous Distributions and Missing Persons: The Minimum Wage and Unemployed Youth pp. 1677-98
Robert H Meyer and David Wise
Price Elasticities for Local Telephone Calls pp. 1699-730
Rolla Edward Park , Bruce M Wetzel and Bridger M Mitchell
An Elasticity Can Be Estimated Consistently without A Priori Knowledge of Functional Form pp. 1731-51
Ibrahim Elbadawi , A Ronald Gallant and Geraldo Souza
Independence of Allocative Efficiency from Distribution in the Theory of Public Goods pp. 1753-65
Ted Bergstrom and Richard Cornes
Mechanism Design by an Informed Principal pp. 1767-97
Roger B. Myerson
Efficient and Durable Decision Rules with Incomplete Information pp. 1799-819
Bengt Holmstrom and Roger B. Myerson
Stationary Optimal Policies with Discounting in a Stochastic Activity Analysis Model pp. 1821-37
Mukul K Majumdar and Roy Radner
Energy Price Uncertainty and Optimal Factor Intensity: A Mean-Variance Analysis pp. 1839-45
Andrew Abel
Identification in the Linear Errors in Variables Model pp. 1847-49
Arie Kapteyn and Tom Wansbeek
Volume 51, issue 5 , 1983
Expectations, Plans, and Realizations in Theory and Practice pp. 1251-79
Marc Nerlove
Arbitrage, Factor Structure, and Mean-Variance Analysis on Large Asset Markets pp. 1281-304
Gary Chamberlain and Michael Rothschild
Funds, Factors, and Diversification in Arbitrage Pricing Models pp. 1305-23
Gary Chamberlain
On the Efficient Markets Hypothesis pp. 1325-43
J S Jordan
Portfolio Turnpike Theorems, Risk Aversion, and Regularly Varying Utility Functions pp. 1345-61
Gur Huberman and Stephen Ross
The Determination of Spot and Futures Prices with Storable Commodities pp. 1363-87
Stephen J Turnovsky
Efficient, Anonymous, and Neutral Group Decision Procedures pp. 1389-405
Walter Armbruster and Werner Boge
The Theory of Syndicates and Linear Sharing Rules pp. 1407-16
Amin H Amershi and Jan H W Stoeckenius
The Determination of the Union Status of Workers pp. 1417-37
Henry S Farber
Strategic Considerations in Invention and Innovation: The Case of Natural Resources pp. 1439-48
Partha Dasgupta , Richard J. Gilbert and Joseph E. Stiglitz
Technical Progress and Structural Change in the Swedish Cement Industry 1955-1979 pp. 1449-67
Finn R. Førsund and Lennart Hjalmarsson
Natural Oligopolies pp. 1469-83
Avner Shaked and John Sutton
A Difficulty with the Optimum Quantity of Money pp. 1485-504
Truman Bewley
ERAs: A New Approach to Small Sample Theory pp. 1505-25
Peter C. B. Phillips
Identification in Linear Simultaneous Equations Models with Covariance Restrictions: An Instrumental Variables Interpretation pp. 1527-49
Jerry A Hausman and William E Taylor
A Generalization of the Durbin Significance Test and Its Application to Dynamic Specification pp. 1551-67
J. Denis Sargan and Fatemeh Mehta
The Asymptotic Normality of Two-Stage Least Absolute Deviations Estimators pp. 1569-75
James L Powell
Non-Normality of the Lagrange Multiplier Statistic for Testing the Constancy of Regression Coefficients pp. 1577-82
Katsuto Tanaka
Dynamic Effects of a Shift in Savings; The Role of Firms pp. 1583-91
Olivier Blanchard
The Utility Function and the Superneutrality of Money on the Transition Path [Capital Accumulation on the Transition Path in a Monetary Optimizing Model] pp. 1593-96
Kazumi Asako
Volume 51, issue 4 , 1983
Regularity and Index Theory for Economies with Smooth Production Technologies pp. 895-917
Timothy J. Kehoe
On the Informational Size of Message Spaces for Efficient Resource Allocation Processes pp. 919-38
Parkash Chander
Large Indivisibles: An Analysis with Respect to Price Equilibrium and Fairness pp. 939-54
Lars-Gunnar Svensson
Equilibrium Price Dispersion pp. 955-69
Kenneth Burdett and Kenneth L. Judd
Price Responsiveness and Market Conditions pp. 971-80
Michael Braulke
Equilibrium Limit Pricing: The Effects of Private Information and Stochastic Demand pp. 981-96
Steven A. Matthews and Leonard Jay Mirman
On the "Law of Demand." pp. 997-1019
Werner Hildenbrand
On State Dependent Preferences and Subjective Probabilities pp. 1021-31
Edi Karni , David Schmeidler and Karl Vind
Collective Probabilistic Judgements pp. 1033-46
Salvador Barberà and Federico Valenciano
Endogenous Formation of Coalitions pp. 1047-64
Sergiu Hart and Mordecai Kurz
A Generalization of the Quasilinear Mean with Applications to the Measurement of Income Inequality and Decision Theory Resolving the Allais Paradox pp. 1065-92
Soo Hong Chew
The Influence of Classification and Observation Errors on the Measurement of Income Inequality pp. 1093-108
Bernard M.S. van Praag , Aldi J M Hagenaars and Wim van Eck
Agglomeration as Local Instability of Spatially Uniform Steady-States pp. 1109-19
Yorgos Yanni Papageorgiou and Terrence R Smith
Investment Selection with Imperfect Capital Markets pp. 1121-44
David G Cantor and Steven A Lippman
Computable Qualitative Comparative Static Techniques pp. 1145-68
Gilbert Ritschard
Solution and Maximum Likelihood Estimation of Dynamic Nonlinear Rational Expectations Models pp. 1169-85
Ray C. Fair and John B. Taylor
The Properties of the Parameterization of ARMAX Systems and Their Relevance for Structural Estimation and Dynamic Specification pp. 1187-207
Manfred Deistler
Specification Error Analysis with Stochastic Regressors pp. 1209-19
Terrence Kinal and Kajal Lahiri
Asymptotic Expansions Associated with the AR(1) Model with Unknown Mean pp. 1221-31
Katsuto Tanaka
Heteroscedasticity in Models with Lagged Dependent Variables pp. 1233-42
D F Nicholls and Adrian Rodney Pagan
Volume 51, issue 3 , 1983
A Model of Stochastic Process Switching pp. 537-51
Robert P. Flood and Peter M. Garber
Testing Rational Expectations and Efficiency in the Foreign Exchange Market pp. 553-63
Richard T. Baillie , Robert E Lippens and Patrick C McMahon
Expectations, Demand, and Observability pp. 565-74
Herakles Polemarchakis
Efficient Exchange with a Variable Number of Consumers pp. 575-84
Urs Schweizer
Input-Output Analysis and Technical Change pp. 585-98
John Craven
Inventories and Price Inflexibility pp. 599-610
Seiichi Kawasaki , John McMillan and Klaus F. Zimmermann
Capital Market Equilibrium with Personal Tax pp. 611-36
George M. Constantinides
A Financial Theory of Investment Behavior pp. 637-45
Erling Steigum
The Multivariate Flexible Accelerator Model: Its Empirical Restrictions and an Application to U.S. Manufacturing pp. 647-74
Larry G. Epstein and Michael Denny
An Intertemporal Model of Saving and Investment pp. 675-92
Andrew Abel and Olivier Blanchard
Equilibrium Trajectories of Economic Growth pp. 693-729
V M Polterovich
The Impact of Exogenous Child Mortality on Fertility: A Waiting Time Regression with Dynamic Regressors pp. 731-49
Randall J Olsen and Kenneth Wolpin
More Efficient Estimation in the Presence of Heteroscedasticity of Unknown Form pp. 751-63
John G Cragg
Distribution-Free Maximum Likelihood Estimator of the Binary Choice Model pp. 765-82
Stephen R Cosslett
Nearly Efficient Estimation of Time Series Models with Predetermined, but Not Exogenous, Instruments pp. 783-98
Fumio Hayashi and Christopher Sims
Maximum Likelihood Estimation of Regression Models with First Order Moving Average Errors When the Root Lies on the Unit Circle pp. 799-820
J. Denis Sargan and Alok Bhargava
Approximate Distributions of k-Class Estimators When the Degree of Overidentifiability Is Large Compared with the Sample Size pp. 821-41
Kimio Morimune
The Recovery of Risk Preferences from Actual Choices pp. 843-50
Charles Wolf and Larry Pohlman
Necessary and Sufficient Conditions for Conditional Cost Functions pp. 851-56
Martin Browning
Volume 51, issue 2 , 1983
Exogeneity pp. 277-304
Robert F. Engle , David F. Hendry and Jean-Francois Richard
Closest Empirical Distribution Estimation pp. 305-19
Charles F. Manski
Robust Sets of Regression Estimates pp. 321-33
C Zachary Gilstein and Edward E. Leamer
Generalized Wald Methods for Testing Nonlinear Implicit and Overidentifying Restrictions pp. 335-53
Jerzy Szroeter
Testing Non-Nested Models after Estimation by Instrumental Variables or Least Squares pp. 355-65
Leslie George Godfrey
Consistent Estimation of Minimal Subset Dimension pp. 367-76
Robert J. Kohn
The Dimensionality of the Aliasing Problem in Models with Rational Spectral Densities pp. 377-87
Lars Peter Hansen and Thomas J. Sargent
Individual Monotonicity and Lexicographic Maxmin Solution pp. 389-401
Haruo Imai
Structure of Tax Equilibria pp. 403-34
Gerard Fuchs and Roger Guesnerie
Actual Labor Values in a General Model of Production pp. 435-54
Peter Flaschel
The Nonexistence of a Free Entry Cournot Equilibrium in Labor-Managed Economies pp. 455-62
Jean-Jacques Laffont and Michel Moreaux
Bundling Decisions by a Multiproduct Monopolist with Incomplete Information pp. 463-83
Thomas R Palfrey
The Price Variability-Volume Relationship on Speculative Markets pp. 485-505
George Tauchen and Mark Pitts
Generalized Econometric Models with Selectivity pp. 507-12
Lung-Fei Lee
Corrigendum [Maximum Likelihood Estimation of Misspecified Models] pp. 513
Halbert White
Volume 51, issue 1 , 1983
The Founding of the Econometric Society and Econometrica pp. 3-6
Carl F Christ
An Analysis of the Principal-Agent Problem pp. 7-45
Sanford Jay Grossman and Oliver D. Hart
On the Global Uniqueness of Fix-Price Equilibria pp. 47-68
Norbert Schulz
Worker Heterogeneity, Hours Restrictions, and Temporary Layoffs pp. 69-78
Mark A Lowenstein
Efficient Methods of Measuring Welfare Change and Compensated Income in Terms of Ordinary Demand Functions pp. 79-98
Yrjo O Vartia
An Index of Inequality: With Applications to Horizontal Equity and Social Mobility pp. 99-115
Mervyn A King
Gaussian Estimation of Structural Parameters in Higher Order Continuous Time Dynamic Models pp. 117-52
Albert Rex Bergstrom
Testing Residuals from Least Squares Regression for Being Generated by the Gaussian Random Walk pp. 153-74
J. Denis Sargan and Alok Bhargava
The Identification Problem in Systems Nonlinear in the Variables pp. 175-96
Bryan W Brown
The Structure of Qualitatively Determinate Relationships pp. 197-218
George Madison Lady
Ordinal Interpersonal Comparisons in Bargaining pp. 219-21
Lars Tyge Neilsen
An Alternative Characterization of Decreasing Absolute Risk Aversion pp. 223-24
Philip H. Dybvig and Steven A Lippman
Sufficient Conditions for the Consistency of Maximum Likelihood Estimation Despite Misspecifications of Distribution in Multinomial Discrete Choice Models pp. 225-28
Paul A Ruud
An Approximation to the Distribution of the Least Squares Estimator in an Autoregressive Model with Exogenous Variables pp. 229-38
Koichi Maekawa