Cowles Foundation Discussion Papers

From Cowles Foundation for Research in Economics, Yale University
Yale University, Box 208281, New Haven, CT 06520-8281 USA.
Contact information at EDIRC.
Bibliographic data for series maintained by Brittany Ladd ().

Access Statistics for this working paper series.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

766: The Uses, Value and Limitation of Game Theoretic Methods in Defense Analysis

Martin Shubik

765: Asymptotic Expansions in Nonstationary Vector Autoregressions

Peter Phillips

764: Existence, Regularity, and Constrained Suboptimality of Competitive Allocations When the Asset Market Is Incomplete

John Geanakoplos and Heracles M. Polemarchakis

763: Random Cell Chi-Square Diagnostic Tests for Econometric Models: II. Theory

Donald Andrews

762: Random Cell Chi-Square Diagnostic Tests for Econometric Models: I. Introduction and Applications

Donald Andrews

761: Asymptotic Results for Generalized Wald Tests

Donald Andrews

760: Sections and Extensions of Concave Functions

Roger Howe

759: The Many Properties of Money: A Strategic Market Game Analysis

Martin Shubik

758: An Unbiased Reexamination of Stock Market Volatility

N. Gregory Mankiw, David Romer and Matthew Shapiro

757: Understanding Spurious Regressions in Econometrics

Peter Phillips

756: Edgeworth Equilibria

Donald Brown, Charalambos Aliprantis and Owen Burkinshaw

754: A Characterization of Globally Optimal Paths in the Non-Classical Growth Model

Rabah Amir

753: Enough Gold in a Society Without and With Money-Lenders

Martin Shubik

752: Mass-Economies with Vital Small Coalitions; the F-Core Approach

Peter Hammond, P. Kane and Myrna Wooders

751: A Model of a Sudden-Death Field-Goal Football Game as a Sequential Duel

Siddhartha Sahi and Martin Shubik

750: The Numeraire, Money and the Missing Degree of Freedom

Martin Shubik

749: Relying on the Information of Interested Parties

Paul Milgrom and John Roberts

747: Some Three Person Games in Coalitional Form for Teaching and Experimentation

Martin Shubik

746: An Axiomatization of Utility and Subjective Probability Based on Objective Probability

Mamoru Kaneko

745: Coordinating Coordination Failures in Keynesian Models

Russell Cooper and Andrew John

744: The Use of Simple Games to Illustrate Concepts and to Provide Experimental Evidence

Martin Shubik

743: Do We Reject Too Often? Small Sample Bias in Tests of Rational Expectations

N. Gregory Mankiw and Matthew Shapiro

742: Aggregation and Linearity in the Provision of Intertemporal Incentives

Bengt Holmstrom and Paul Milgrom

741: Two Stage and Related Estimators and Their Applications

Adrian Pagan

740: Time Series Regression with a Unit Root

Peter Phillips

739: The Distribution of FIML in the Leading Case

Peter Phillips

738: Risk and Return: Consumption Beta Versus Market Beta

Matthew Shapiro and N. Gregory Mankiw

736: Capital Utilization and Capital Accumulation: Theory and Evidence

Matthew Shapiro

735: The Dynamic Demand for Capital and Labor

Matthew Shapiro

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

Donald Andrews

733: Games with Perceptive Commanders But Less Perceptive Subordinates

Martin Shubik

732: Testing the Random Walk Hypothesis: Power Versus Frequency of Observation

Pierre Perron and Robert Shiller

731: The Exact Distribution of the Wald Statistic: The Non-Central Case

Sam Ouliaris and Peter Phillips

730: A Note on Enough Money in a Strategic Market Game with Complete or Fewer Markets

Martin Shubik

729: Managerial Incentives and Capital Management

Bengt Holmstrom, I. Ricard and Joan Costa

728: Neighborhood Systems for Production Sets with Indivisibilities

Herbert Scarf

727: Expansionary Government Policy in an Economy with Commodity and Labor

Russell Cooper

726: Optimal Cartel Equilibria with Imperfect Monitoring

Dilip Abreu, David G. Pearce and Ennio Stacchetti

725: Trends, Random Walks, and Tests of the Permanent Income Hypothesis

Matthew Shapiro and N. Gregory Mankiw

724: On a General Existence Theorem for Marginal Cost Pricing Equilibria

Donald Brown, Geoffrey Heal, M. Khan and Rajiv Vohra

723: An Everywhere Convergent Series Representation of the Distribution of Hotelling's Generalized T_{0}^{2}

Peter Phillips

722: The Exact Distribution of the Wald Statistic

Peter Phillips

721: Testing for Serial Correlation and Unit Roots Using a Computer Function Routine Bases on ERA's

Peter Phillips and R.C. Reiss

720: General Equilibrium with Wage Rigidities: An Application to Belgium

Victor Ginsburgh and Ludo Van der Heyden

719: Stock Prices and Social Dynamics

Robert Shiller

718: The Use of Expected Future Variables in Macroeconometric Models

Ray Fair

717: Empirical Tests of the Rationality of Economic Forecasters: A Fixed Horizons Approach

William Nordhaus and Steven Durlauf

716: Product Warranties and Double Moral Hazard

Russell Cooper and Thomas Ross

715: Strategic Market Games: A Dynamic Programming Application to Money, Banking and Insurance

Martin Shubik

714: Plausible Outcomes for Games in Strategic Form

Martin Shubik

713: The Many Approaches to the Study of Monopolistic Competition

Martin Shubik

712: Nuclear Warfare, C_{3}I and First and Second Scenarios (A Sensitivity Analysis)

Martin Shubik, J. Bracken and Haviv Tulowitzki

711: A Mean-Variance Approach to Fundamental Valuations

James Tobin

710: Stability Comparisons of Estimators (5/1985 and 11/1985)

Donald Andrews

709: Price and Advertising Signals of Product Quality

Paul Milgrom and John Roberts

708: Job Discrimination, Market Forces and the Invisibility Hypothesis

Paul Milgrom

707: Estimated Trade-Offs Between Unemployment and Inflation

Ray Fair

706: The Cooperative Form, the Value and the Allocation of Joint Costs and Benefits

Martin Shubik

705: Consumption, Liquidity Constraints and Asset Accumulation in the Presence of Random Income Fluctuations

Richard Clarida

704: A Comparison of the Michigan and Fair Models: Further Results

Ray Fair and Lewis Alexander

703: A Comparison of the Michigan and Fair Models

Ray Fair and Lewis Alexander

702: Conditional Projection by Means of Kalman Filtering

Richard Clarida and Diane Coyle

701: On the Stochastic Steady-State Behavior of Optimal Asset Accumulation in the Presence of Random Wage Fluctuations and Incomplete Markets

Richard Clarida

700: A General Equilibrium Expression of the Paradox of Thrift

Christophe Chamley

699: Optimal Taxation of Capital Income in Economies with Identical Private and Social Discount Rates

Christophe Chamley

698: A Zero-One Result for the Least Squares Estimator

Donald Andrews

697: Robust Estimation of Location in a Gaussian Parametric Model: II

Donald Andrews

696: A Note on Biology, Time and the Golden Rule

Martin Shubik

695: The Behavior of U.S. Short-Term Interest Rates Since 1979-10

Richard Clarida and Benjamin M. Friedman

694: Current Account, Exchange Rate, and Monetary Dynamics in a Stochastic Equilibrium Model

Richard Clarida

693: Effects of Expected Future Government Deficits on Current Economic Activity

Ray Fair

692: Excess Labor and the Business Cycle

Ray Fair

691: Insurance, Flexibility and Non-contingent Trades

Russell Cooper

690: Fiscal and Monetary Policy in a General Equilibrium Model

Truman F. Bewley

689: On a Variable Dimension Algorithm for the Linear Complementarity Problem

Ludo Van der Heyden

688: Monopoly Provision of Product Quality with Uninformed Buyers

Russell Cooper and Thomas Ross

687: Net Present Value Maximization and Imperfections in the Loan Market: A Note

Cynthia Van Hulle

686: Stochastic Equilibrium and Turnpike Property: The Discounted Case

Ramon Marimon

685: Dominance and Shareholder Unanimity: A New Approach

Cynthia Van Hulle

684: The Optimality of Regulated Pricing: A General Equilibrium Analysis

Donald Brown and Geoffrey Heal

683: Finite Sample Econometrics Using ERA's

Peter Phillips

682: The Exact Distribution of the Stein-Rule Estimator

Peter Phillips

681: The Exact Distribution of Exogenous Variable Coefficient Estimators

Peter Phillips

680: The Exact Distribution of Zellner's SUR

Peter Phillips

679: On University Education in Econometrics: Remarks on an Article by Eric R. Sowey

Peter Phillips

678: A Note on the 'Corelessness' of Antibalance of a Game

Martin Shubik and Shlomo Weber

677: Intertemporally Separable Overlapping Generations Economies

John Geanakoplos and Heracles M. Polemarchakis

676: Information Patterns and Nash Equilibria in Extensive Games

Pradeep Dubey and Mamoru Kaneko

675: Strategic Resource Extraction: When Easy Doesn't Do It

Jeremy I. Bulow and John Geanakoplos

674: Multimarket Oligopoly

Jeremy I. Bulow, John Geanakoplos and Paul Klemperer

673: Multiperiod Insurance Contracts

Russell Cooper and Beth Hayes

672: Organizing Production in a Large Economy

Paul Milgrom and Robert Weber

671: Worker Asymmetric Information and Involuntary Unemployment

Russell Cooper

670: Linear Complementarity and the Average Volume of Simplicial Cones

Roger Howe

669: Macroeconomics Under Debate

James Tobin

668: Profit-Sharing in a Collusive Industry

Martin Osborne and Carolyn Pitchik

667: Forward Rates and Future Policy: Interpreting the Term Structure of Interest Rates

Robert Shiller, John Campbell and Kermit Schoenholtz

666: Fiscal Incidence in a Dynamic Life-Cycle Model with Land

Christophe Chamley and Brian Wright

665: Blockmodeling Complex Statutes: Mapping Techniques Based on Combinatorial Optimization for Analyzing Economic Legislation and Its Stress Points over Time

Scott A. Boorman and Paul R. Levitt

664: First Order Autoregressive Processes and Strong Mixing

Donald Andrews