Econometrica

Front Matter

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

John Geweke
p. 1-22

Borrowing Constraints and Aggregate Economic Activity

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

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

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

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

John Rust
p. 65-86

Power and Linear Income Taxes: An Example

Richard M. Peck
p. 87-94

On Competitive Market Mechanisms

Jean-Pascal Benassy
p. 95-108

Common Knowledge, Consensus, and Aggregate Information

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

Stochastic Communication and Coalition Formation

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

Realization and Nash Implementation: Two Aspects of Mechanism Design

Steven R. Williams
p. 139-152

Simultaneity of Issues and Additivity in Bargaining

Hans Peters
p. 153-170

Aggregation, Efficiency, and Cross-Section Regression

Thomas M. Stoker
p. 171-188

A Theorem of Validity for Edgeworth Expansions

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

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

Paul A. Bekker
p. 215-218

Notes and Comments: Additive Separability and Equivalent Scales

Arthur Lewbel
p. 219-222

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

p. 223-224

Nomination of Fellows, 1986

p. 223-223

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

p. 224-225

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

p. 225-225

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

p. 225-225

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

p. 226-227

1987 Australasian Meetings of the Econometric Society: Preliminary Announcement

p. 227-227

Accepted Manuscripts

p. 227-228

News Notes

p. 229-232

Report of the Secretary

Julie P. Gordon
p. 233-238

Report of the Treasurer

Robert J. Gordon
p. 239-244

Report of the Editors

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

The Present Value of Profits and Cyclical Movements in Investment

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

The Durable Goods Monopolist and Consistency with Increasing Costs

Charles Kahn
p. 275-294

An Information Good Market with Symmetric Externalities

Shigeo Muto
p. 295-312

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

Motty Perry
p. 313-322

Multistage Games with Communication

Roger B. Myerson
p. 323-358

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

Marcus Berliant
p. 359-362

A Stochastic Analysis of an Input-Output Model

Guy R. West
p. 363-374

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

Tests of Noncausality under Markov Assumptions for Qualitative Panel Data

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

Sampling Designs for Short Panel Data

Bianca L. De Stavola
p. 415-424

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

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

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

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

p. 439-440

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

p. 439-439

Nomination of Fellows, 1986

p. 439-439

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

p. 440-442

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

p. 440-440

1987 Australasian Meetings of the Econometric Society: Preliminary Announcement

p. 442-442

Accepted Manuscripts

p. 442-442

News Notes

p. 443-446

Report of the President

p. 447-453

The Econometric Society Research Monograph Series: Report of the Editors

p. 455-456

Submission of Manuscripts to the Econometric Society Monograph Series

p. 457-457

Program of the Fifth World Congress of the Econometric Society

p. 459-505

Submission of Manuscripts to Econometrica

[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

Back Matter

Front Matter

Neighborhood Systems for Production Sets with Indivisibilities

Herbert E. Scarf
p. 507-532

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

Drew Fudenberg, Eric Maskin
p. 533-554

A Structural Retirement Model

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

Inflation and Asset Prices in an Exchange Economy

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

Optimal Taxation of Capital Income in General Equilibrium with Infinite Lives

Christophe Chamley
p. 607-622

Competition of Firms: Discriminatory Pricing and Location

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

Bounding the Effects of Proxy Variables on Regression Coefficients

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

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

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

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

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

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

Graeme Wells, Lewis Evans
p. 699-706

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

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

1987 Australasian Meetings of the Econometric Society: Preliminary Announcement

p. 717-717

Accepted Manuscripts

p. 717-718

News Notes

p. 719-720

1985 Election of Fellows to the Econometric Society

p. 721-724

Fellows of the Econometric Society as of January 1986

p. 725-738

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

p. 739-753

Submission of Manuscripts to Econometrica

Back Matter

News Notes

Front Matter

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

Ariel Pakes
p. 755-784

Bargaining and Competition Part I: Characterization

Douglas Gale
p. 785-806

Bargaining and Competition Part II: Existence

Douglas Gale
p. 807-818

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

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

Learning Procedures and Convergence to Rationality

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

Instrumental-Variable Estimation of an Error-Components Model

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

The Exact Distribution of the Wald Statistic

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

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

Paul Romer
p. 897-908

Distribution of Power under Stochastic Social Choice Rules

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

Common Agency

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

A Theory of Exit in Duopoly

Drew Fudenberg, Jean Tirole
p. 943-960

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

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

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

Alvin E. Roth
p. 981-984

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

Robert J. Aumann
p. 985-990

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

Esfandiar Maasoumi
p. 991-998

1987 Australasian Meetings of the Econometric Society: Preliminary Announcement

p. 999-999

1987 Far East Meetings of the Econometric Society: Preliminary Announcement

p. 999-999

Accepted Manuscripts

p. 999-1000

Submission of Manuscripts to Econometrica

Back Matter

Front Matter

On the Strategic Stability of Equilibria

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

The Price Equilibrium Existence Problem in Topological Vector Lattices

Andreu Mas-Colell
p. 1039-1054

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

Jan Svejnar
p. 1055-1078

Capital Accumulation and Uncertain Lifetimes with Adverse Selection

Andrew B. Abel
p. 1079-1098

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

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

Rational Expectations Equilibria, Learning, and Model Specification

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

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

Darrell Duffie
p. 1161-1184

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

Refael Hassin
p. 1185-1196

Implicit Mean Value and Certainty Equivalence

Peter C. Fishburn
p. 1197-1206

Stability Comparison of Estimators

Donald W. K. Andrews
p. 1207-1236

Microeconometric Demand System with Binding Nonnegativity Constraints: The Dual Approach

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

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

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

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

Yu-Min Chen
p. 1249-1252

1987 Australasian Meetings of the Econometric Society: Preliminary Announcement

p. 1253-1254

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

p. 1253-1253

Submission of Manuscripts to the Econometric Society Monograph Series

p. 1253-1253

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

p. 1254-1254

Accepted Manscripts

p. 1254-1256

News Notes

p. 1257-1258

Submission of Manuscripts to Econometrica

Back Matter

Front Matter

Theoretic Models: Mathematical Form and Economic Content

Gerard Debreu
p. 1259-1270

Values of Markets with Satiation or Fixed Prices

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

Reporting Errors and Labor Market Dynamics

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

An Analysis of the Health and Retirement Status of the Elderly

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

An Examination of Multijurisdictional Corporate Income Taxation under Formula Apportionment

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

An Approach to Communication Equilibria

Francoise Forges
p. 1375-1385

Analytical Policy Design under Rational Expectations

Charles H. Whiteman
p. 1387-1405

Mobility Indices in Continuous Time Markov Chains

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

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

Yukio Fukui
p. 1425-1433

Symmetrically Trimmed Least Squares Estimation for Tobit Models

James L. Powell
p. 1435-1460

Consistent Estimation of Scaled Coefficients

Thomas M. Stoker
p. 1461-1481

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

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

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

p. 1491-1491

Nomination of Fellows, 1987

p. 1491-1491

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

p. 1491-1494

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

p. 1494-1494

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

p. 1495-1496

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

p. 1495-1495

Accepted Manuscripts

p. 1497-1498

News Notes

p. 1499-1500

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

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

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

Volume Information

Submission of Manuscripts to Econometrica

Back Matter