The Cowles Foundation for Research in Economics at Yale University has as its purpose the conduct and encouragement of research in economics. The Cowles Foundation seeks to foster the development and application of rigorous logical, mathematical, and statistical methods of analysis. Among its activities, the Cowles Foundation provides financial support for research, visiting faculty, postdoctoral fellowships, workshops, and graduate students. Cowles regularly sponsors conferences and publishes a working paper series, a reprint series, and monographs.

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Submissions from 2008

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Asymptotics for LS, GLS, and Feasible GLS Statistics in an AR(1) Model with Conditional Heteroskedaticity, Donald W.K. Andrews and Patrik Guggenberger

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Asymptotics for LS, GLS, and Feasible GLS Statistics in an AR(1) Model with Conditional Heteroskedaticity, Donald W.K. Andrews and Patrik Guggenberger

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Estimating Derivatives in Nonseparable Models with Limited Dependent Variables, Joseph G. Altonji, Hidehiko Ichimura, and Taisuke Otsu

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Estimating Derivatives in Nonseparable Models with Limited Dependent Variables, Joseph G. Altonji, Hidehiko Ichimura, and Taisuke Otsu

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Rationalization and Cognitive Dissonance: Do Choices Affect or Reflect Preferences?, Keith M. Chen

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Rationalizing Choice with Multi-Self Models, Attila Ambrus and Kareen Rozen

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Robust Implementation in General Mechanisms, Dirk Bergemann and Stephen Morris

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Robust Implementation in General Mechanisms, Dirk Bergemann and Stephen Morris

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Local Limit Theory and Spurious Nonparametric Regression, Peter C.B. Phillips

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Long Memory and Long Run Variation, Peter C.B. Phillips

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Nonlinearity and Temporal Dependence, Xiaohong Chen, Lars P. Hansen, and Marine Carrasco

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Nonlinearity and Temporal Dependence, Xiaohong Chen, Lars P. Hansen, and Marine Carrasco

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Optimal Bandwidth Choice for Interval Estimation in GMM Regression, Yixiao Sun and Peter C.B. Phillips

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Overlapping Generations Models of General Equilibrium, John Geanakoplos

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Pareto Improving Taxes, John Geanakoplos and Heracles M. Polemarchakis

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Reforming Social Security with Progressive Personal Accounts, John Geanakoplos and Stephen P. Zeldes

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Semiparametric Cointegrating Rank Selection, Xu Cheng and Peter C.B. Phillips

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Smoothing Local-to-Moderate Unit Root Theory, Peter C.B. Phillips, Tassos Magdalinos, and Liudas Giraitis

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Structural Nonparametric Cointegrating Regression, Qiying Wang and Peter C.B. Phillips

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Testing for Non-Nested Conditional Moment Restrictions Using Unconditional Empirical Likelihood, Taisuke Otsu, Myung Hwan Seo, and Yoon-Jae Whang

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Unit Root and Cointegrating Limit Theory When Initialization Is in the Infinite Past, Peter C.B. Phillips and Tassos Magdalinos

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Unit Root Model Selection, Peter C.B. Phillips

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Estimation of Nonparametric Conditional Moment Models with Possibly Nonsmooth Generalized Residuals, Xiaohong Chen and Demian Pouzo

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Estimation of Nonparametric Conditional Moment Models with Possibly Nonsmooth Generalized Residuals, Xiaohong Chen and Demian Pouzo

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Estimation of Nonparametric Conditional Moment Models with Possibly Nonsmooth Moments, Xiaohong Chen and Demian Pouzo

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The Impact of a Hausman Pretest on the Size of Hypothesis Tests, Patrik Guggenberger

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A ‘Dual’-Improved Shortcut to the Long Run, Kareen Rozen

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Conflict Leads to Cooperation in Nash Bargaining, Kareen Rozen

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Derivatives Markets for Home Prices, Robert J. Shiller

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Emerging Markets in an Anxious Global Economy, Ana Fostel and John Geanakoplos

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Foundations of Intrinsic Habit Formation, Kareen Rozen

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Foundations of Intrinsic Habit Formation, Kareen Rozen

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Limit Theorems for Functionals of Sums that Converge to Fractional Brownian and Stable Motions, P. Jeganathan

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Semiparametric Efficiency in GMM Models of Nonclassical Measurement Errors, Missing Data and Treatment Effects, Xiaohong Chen, Han Hong, and Alessandro Tarozzi

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The Virtues and Vices of Equilibrium and the Future of Financial Economics, J. Doyne Farmer and John Geanakoplos

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Understanding Sectoral Labor Market Dynamics: An Equilibrium Analysis of the Oil and Gas Field Services Industry, Patrick Kline

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A Positive Theory of Income Taxation Where Politicians Focus upon Swing and Core Voters, John E. Roemer

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Communication and Learning, Luca Anderlini, Dino Gerardi, and Roger Lagunoff

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Do Local Economic Development Programs Work? Evidence from the Federal Empowerment Zone Program, Matias Busso and Patrick Kline

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Efficient Estimation of Semiparametric Conditional Moment Models with Possibly Nonsmooth Residuals, Xiaohong Chen and Demian Pouzo

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Efficient Estimation of Semiparametric Conditional Moment Models with Possibly Nonsmooth Residuals, Xiaohong Chen and Demian Pouzo

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Estimating Exchange Rate Equations Using Estimated Expectations, Ray C. Fair

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Estimating Term Structure Equations Using Macroeconomic Variables, Ray C. Fair

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Optimal Resource Extraction Contracts under Threat of Expropriation, Eduardo Engel and Ronald Fischer

Submissions from 2007

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Affective Decision Making: A Behavioral Theory of Choice, Anat Bracha and Donald J. Brown

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Affective Decision Making: A Behavioral Theory of Choice, Anat Bracha and Donald J. Brown

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Inference for Parameters Defined by Moment Inequalities Using Generalized Moment Selection, Donald W.K. Andrews and Patrik Guggenberger

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Low Interest Rates and High Asset Prices: An Interpretation in Terms of Changing Popular Models, Robert J. Shiller

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Belief Free Incomplete Information Games, Dirk Bergemann and Stephen Morris

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Collective Reputation, Professional Regulation and Franchising, Robert Evans and Timothy W. Guinnane

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On Rate Optimality for Ill-posed Inverse Problems in Econometrics, Xiaohong Chen and Markus Reiss

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Pricing without Priors, Dirk Bergemann and Karl Schlag

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The Role of the Common Prior in Robust Implementation, Dirk Bergemann and Stephen Morris

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Understanding Recent Trends in House Prices and Home Ownership, Robert J. Shiller

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An Economy with Personal Currency: Theory and Experimental Evidence, Martin Angerer, Juergen Huber, Martin Shubik, and Shyam Sunder

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Probabilistic Sophistication and Stochastic Monotonicity in the Savage Framework, Simon Grant, Hatice Ozsoy, and Ben Polak

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Reputation Effects and Equilibrium Degeneracy in Continuous-Time Games, Eduardo Faingold and Yuliy Sannikov

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Three Minimal Market Institutions with Human and Algorithmic Agents: Theory and Experimental Evidence, Juergen Huber, Martin Shubik, and Shyam Sunder

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Three Minimal Market Institutions with Human and Algorithmic Agents: Theory and Experimental Evidence, Juergen Huber, Martin Shubik, and Shyam Sunder

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Alfred Marshall's Cardinal Theory of Value: The Strong Law of Demand, Donald J. Brown and Caterina Calsamiglia

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Dynamic Marginal Contribution Mechanism, Dirk Bergemann and Juuso Välimäki

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Information Acquisition in Interdependent Value Auctions, Dirk Bergemann, Xianwen Shi, and Juuso Välimäki

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Marshall's Theory of Value and the Strong Law of Demand, Caterina Calsamiglia

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The Basic Public Finance of Public-Private Partnerships, Eduardo Engel, Ronald Fischer, and Alexander Galetovic

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United States Courts and the Optimal Deterrence of International Cartels: A Welfarist Perspective on Empagran, Alan O. Sykes

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Validity of Subsampling and ‘Plug-in Asymptotic’ Inference for Parameters Defined by Moment Inequalities, Donald W.K. Andrews and Patrik Guggenberger

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Exact Distribution Theory in Structural Estimation with an Identity, Peter C.B. Phillips

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Historic Turning Points in Real Estate, Robert J. Shiller

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Limit Theory for Explosively Cointegrated Systems, Peter C.B. Phillips and Tassos Magdalinos

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Long Run Covariance Matrices for Fractionally Integrated Processes, Peter C.B. Phillips and Chang Sik Kim

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Robust Virtual Implementation, Dirk Bergemann and Stephen Morris

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Strategic Distinguishability and Robust Virtual Implementation, Dirk Bergemann and Stephen Morris

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Strategic Distinguishability with an Application to Robust Virtual Implementation, Dirk Bergemann and Stephen Morris

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Tilted Nonparametric Estimation of Volatility Functions with Empirical Applications, Peter C.B. Phillips and Ke-Li Xu

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Applications of Subsampling, Hybrid, and Size-Correction Methods, Donald W.K. Andrews and Patrik Guggenberger

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Asymptotics for Stationary Very Nearly Unit Root Processes, Donald W.K. Andrews and Patrik Guggenberger

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Hybrid and Size-Corrected Subsample Methods, Donald W.K. Andrews and Patrik Guggenberger

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The Limit of Finite-Sample Size and a Problem with Subsampling, Donald W.K. Andrews and Patrik Guggenberger

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The Limit of Finite-Sample Size and a Problem with Subsampling, Donald W.K. Andrews and Patrik Guggenberger

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Models: New Interpretations of Old Results, Ricardo J. Caballero and Eduardo Engel

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Presidential and Congressional Vote-Share Equations, Ray C. Fair

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Price Dynamics on a Stock Market with Asymmetric Information, Bernard De Meyer

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An Ascending Auction for Interdependent Values: Uniqueness and Robustness to Strategic Uncertainty, Dirk Bergemann and Stephen Morris

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GMM Estimation for Dynamic Panels with Fixed Effects and Strong Instruments at Unity, Chirok Han and Peter C.B. Phillips

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Information Loss in Volatility Measurement with Flat Price Trading, Peter C.B. Phillips and Jun Yu

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Maximum Likelihood and Gaussian Estimation of Continuous Time Models in Finance, Peter C.B. Phillips and Jun Yu

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Simulation-based Estimation of Contingent-claims Prices, Peter C.B. Phillips and Jun Yu

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Social Memory and Evidence from the Past, Luca Anderlini, Dino Gerardi, and Roger Lagunoff

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Transition Modeling and Econometric Convergence Tests, Peter C.B. Phillips and Donggyu Sul

Submissions from 2006

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Asymptotic Theory for Local Time Density Estimation and Nonparametric Cointegrating Regression, Qiying Wang and Peter C.B. Phillips

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A Note on Fairness, Power, Property, and Behind the Veil, Martin Shubik

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Competing for Customers in a Social Network, Pradeep Dubey, Rahul Garg, and Bernard De Meyer

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Games of Connectivity, Pradeep Dubey and Rahul Garg

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Identification and Inference of Nonlinear Models Using Two Samples with Arbitrary Measurement Errors, Xiaohong Chen and Yingyao Hu

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One-Way Essential Complements, Keith M. Chen and Barry Nalebuff

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Outsourcing Induced by Strategic Competition, Yutian Chen, Pradeep Dubey, and Debapriya Sen

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A Complete Asymptotic Series for the Autocovariance Function of a Long Memory Process, Offer Lieberman and Peter C.B. Phillips

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Adaptive Estimation of Autoregressive Models with Time-Varying Variances, Ke-Li Xu and Peter C.B. Phillips

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Adaptive Estimation of Autoregressive Models with Time-Varying Variances, Ke-Li Xu and Peter C.B. Phillips

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Efficient Dynamic Auctions, Dirk Bergemann and Juuso Välimäki

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Log Periodogram Regression: The Nonstationary Case, Chang Sik Kim and Peter C.B. Phillips

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A Comparison of Five Federal Reserve Chairmen: Was Greenspan the Best?, Ray C. Fair

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Competitive Screening and Market Segmentation, Gerald David Jaynes

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Economic Development as Opportunity Equalization, John E. Roemer

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Generalized Utilitarianism and Harsanyi’s Partial Observer Theorem, Simon Grant, Atsushi Kajii, Ben Polak, and Zvi Safra

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Interpreting the Predictive Uncertainty of Elections, Ray C. Fair

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Kantian Allocations, John E. Roemer

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Mixed Oligopoly Equilibria When Firms’ Objectives Are Endogenous, Philippe De Donder and John E. Roemer

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Common Learning, Martin W. Cripps, Jeffrey C. Ely, George J. Mailath, and Larry Samuelson

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Common Learning, Martin W. Cripps, Jeffrey C. Ely, George J. Mailath, and Larry Samuelson

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Pareto Improving Taxes, John Geanakoplos and Heracles M. Polemarchakis

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Extreme Adverse Selection, Competitive Pricing, and Market Breakdown, George J. Mailath and Georg Nöldeke

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Money and Production, and Liquidity Trap, Pradeep Dubey and John Geanakoplos

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Purification in the Infinitely-Repeated Prisoners’ Dilemma, V. Bhaskar, George J. Mailath, and Stephen Morris

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The Theory of Money and Financial Institutions: A Summary of a Game Theoretic Approach, Martin Shubik

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Aggregate Implications of Lumpy Investment: New Evidence and a DSGE Model, Ruediger Bachmann, Ricardo J. Caballero, and Eduardo Engel

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Efficient Recommender Systems, Dirk Bergemann and Deran Ozmen

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Empirical Likelihood Methods in Econometrics: Theory and Practice, Yuichi Kitamura

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Evaluating Inflation Targeting Using a Macroeconometric Model, Ray C. Fair

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Lumpy Investment in Dynamic General Equilibrium, Ruediger Bachmann, Ricardo J. Caballero, and Eduardo Engel

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Renegotiation without Holdup: Anticipating Spending and Infrastructure Concessions, Eduardo Engel, Ronald Fischer, and Alexander Galetovic

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Optimal Electoral Timing: Exercise Wisely and You May Live Longer, Jussi Keppo, Lones Smith, and Dmitry Davydov

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Robust Implementation in Direct Mechanisms, Dirk Bergemann and Stephen Morris

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Robust Implementation: The Case of Direct Mechanisms, Dirk Bergemann and Stephen Morris

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Empirical Models of Auctions, Susan Athey and Philip A. Haile

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Optimal Pricing with Recommender Systems, Dirk Bergemann and Deran Ozmen

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Rank Tests for Instrumental Variables Regression with Weak Instruments, Donald W.K. Andrews and Gustavo Soares

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Robust Implementation: The Case of Direct Mechanisms, Dirk Bergemann and Stephen Morris

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Lexicographic Composition of Simple Games, Bezalel Peleg

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Nuclear Weapons and National Prestige, Robert J. Shiller

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Assortative Matching and Repubation, Axel Anderson and Lones Smith

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Bandit Problems, Dirk Bergemann and Juuso Välimäki

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Caller Number Five: Timing Games that Morph from One Form to Another, Andreas Park and Lones Smith

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Gaussian Inference in AR(1) Time Series with or without a Unit Root, Peter C.B. Phillips and Chirok Han

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Indirect Inference for Dynamic Panel Models, Christian Gouriéroux, Peter C.B. Phillips, and Jun Yu

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Informational Herding and Optimal Experimentation, Lones Smith and Peter Norman Sorensen

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Limit Theorems for Functionals of Sums That Converge to Fractional Stable Motions, P. Jeganathan

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Optimal Bandwidth Selection in Heteroskedasticity-Autocorrelation Robust Testing, Yixiao Sun, Peter C.B. Phillips, and Sainan Jin

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Optimal Estimation of Cointegrated Systems with Irrelevant Instruments, Peter C.B. Phillips

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Refined Inference on Long Memory in Realized Volatility, Offer Lieberman and Peter C.B. Phillips

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Repeated Games with Present-Biased Preferences, Hector Chade, Pavlo Prokopovych, and Lones Smith

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Simultaneous Search, Hector Chade and Lones Smith

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Sinusoidal Modeling Applied to Spatially Variant Tropospheric Ozone Air Pollution, Nicholas Z. Muller and Peter C.B. Phillips

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Understanding Overbidding in Second Price Auctions: An Experimental Study, David J. Cooper and Hanming Fang

Submissions from 2005

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A Remark on Bimodality and Weak Instrumentation in Structural Equation Estimation, Peter C.B. Phillips

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Grading in Games of Status: Marking Exams and Setting Wages, Pradeep Dubey and John Geanakoplos

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Grading in Games of Status: Marking Exams and Setting Wages, Pradeep Dubey and John Geanakoplos

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Sequential Equilibria in Bayesian Games with Communication, Dino Gerardi and Roger B. Myerson

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Testing Linearity in Cointegrating Relations with an Application to Purchasing Power Parity, Seung Hyun Hong and Peter C.B. Phillips

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The Response of Prices, Sales, and Output to Temporary Changes in Demand, Adam Copeland and George J. Hall

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A Credit Mechanism for Selecting a Unique Competitive Equilibrium, Cheng-Zhong Qin and Martin Shubik

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A New Approach to Robust Inference in Cointegration, Sainan Jin, Peter C.B. Phillips, and Yixiao Sun

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Estimated Age Effects in Baseball, Ray C. Fair

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Prizes versus Wages with Envy and Pride, Pradeep Dubey, John Geanakoplos, and Ori Haimanko

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Continuous versus Discrete Market Games, Alexandre Marino and Bernard De Meyer

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Perfect Competition in a Bilateral Monopoly (In Honor of Martin Shubik), Pradeep Dubey and Dieter Sondermann

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Testing for Non-nested Conditional Moment Restrictions via Conditional Empirical Likelihood, Taisuke Otsu and Yoon-Jae Whang

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Inference with Weak Instruments, Donald W.K. Andrews and James H. Stock

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Information in Mechanism Design, Dirk Bergemann and Juuso Välimäki

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Information in Mechanism Design, Dirk Bergemann and Juuso Välimäki

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Making Statements and Approval Voting, Enriqueta Aragones, Itzhak Gilboa, and Andrew Weiss

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Branch Rickey’s Equation Fifty Years Later, Ray C. Fair and Danielle Catambay

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Competition, Consumer Welfare, and the Social Cost of Monopoly, Yoon-Ho Alex Lee and Donald J. Brown

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Robust Monopoly Pricing, Dirk Bergemann and Karl Schlag

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Robust Monopoly Pricing, Dirk Bergemann and Karl Schlag

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Robust Monopoly Pricing: The Case of Regret, Dirk Bergemann and Karl Schlag

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A Note on a ‘Square-Root Rule’ for Reinsurance, Michael R. Powers and Martin Shubik

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A Simple Approach to the Parametric Estimation of Potentially Nonstationary Diffusions, Federico M. Bandi and Peter C.B. Phillips

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A Two-Stage Realized Volatility Approach to the Estimation for Diffusion Processes from Discrete Observations, Peter C.B. Phillips and Jun Yu

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Economics: The Next Physical Science?, J. Doyne Farmer, Martin Shubik, and Eric Smith

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Economic Transition and Growth, Peter C.B. Phillips and Donggyu Sul

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GMM with Many Moment Conditions, Chirok Han and Peter C.B. Phillips

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Improved HAR Inference Using Power Kernels without Truncation, Peter C.B. Phillips, Yixiao Sun, and Sainan Jin

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Limit Theory for Moderate Deviations from a Unit Root under Weak Dependence, Peter C.B. Phillips and Tassos Magdalinos

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Natural Concepts in Macroeconomics, Ray C. Fair

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Nonstationary Discrete Choice: A Corrigendum and Addendum, Peter C.B. Phillips, Sainan Jin, and Ling Hu

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Randomized Sign Test for Dependent Observations on Discrete Choice under Risk, Anat Bracha, Jeremy Gray, Rustam Ibragimov, Boaz Nadler, Dmitry Shapiro, Glena Ames, and Donald J. Brown

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Robust Implementation: The Role of Large Type Spaces, Dirk Bergemann and Stephen Morris

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Sign Tests for Dependent Observations and Bounds for Path-Dependent Options, Rustam Ibragimov and Donald J. Brown

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The Evolution of Our Preferences: Evidence from Capuchin-Monkey Trading Behavior, Keith M. Chen, Venkat Lakshminarayanan, and Laurie Santos

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Intergenerational Justice and Sustainability under the Leximin Ethic, John E. Roemer

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Overcoming Participation Constraints, Hanming Fang and Peter Norman

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Overcoming Participation Constraints, Hanming Fang and Peter Norman

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Aggregation of Expert Opinions, Dino Gerardi, Richard P. McLean, and Andrew Postlewaite

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Commodity Money and the Valuation of Trade, Eric Smith and Martin Shubik

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Courage to Capital? A Model of the Effects of Rating Agencies on Sovereign Debt Roll-over, Mark A. Carlson and Galina Hale

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Decision Methods for Solving Systems of Walrasian Inequalities, Donald J. Brown and Ravi Kannan

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Ex Post Implementation, Dirk Bergemann and Stephen Morris

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Fiat Money and the Natural Scale of Government, Martin Shubik and Eric Smith

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Flexibility as an Instrument in Digital Rights Management, Dirk Bergemann, Thomas Eisenbach, Joan Feigenbaum, and Scott Shenker

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The Life-Cycle Personal Accounts Proposal for Social Security: An Evaluation, Robert J. Shiller

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The Nonparametric Approach to Applied Welfare Analysis, Donald J. Brown and Caterina Calsamiglia

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Two Algorithms for Solving the Walrasian Equilibrium Inequalities, Donald J. Brown and Ravi Kannan

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Exactly Distribution-Free Inference in Instrumental Variables Regression with Possibly Weak Instruments, Donald W.K. Andrews and Vadim Marmer

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Sparse Estimators and the Oracle Property, or the Return of Hodges’ Estimator, Hannes Leeb and Benedikt M. Pötscher

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Behavioral Economics and Institutional Innovation, Robert J. Shiller

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Policy Effects in the Post Boom U.S. Economy, Ray C. Fair

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The Demand for Information: More Heat than Light, Jussi Keppo, Giuseppe Moscarini, and Lones Smith

Submissions from 2004

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Estimated Age Effects in Athletic Events and Chess, Ray C. Fair

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Fact-Free Learning, Enriqueta Aragones, Itzhak Gilboa, Andrew Postlewaite, and David Schmeidler

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Predicting Electoral College Victory Probabilities from State Probability Data, Ray C. Fair

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Probabilities as Similarity-Weighted Frequencies, Antoine Billot, Itzhak Gilboa, Dov Samet, and David Schmeidler

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Retrospective on the Postwar Productivity Slowdown, William D. Nordhaus

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Rule-based and Case-based Reasoning in Housing Prices, Gabrielle Gayer, Itzhak Gilboa, and Offer Lieberman

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Axiomatization of an Exponential Similarity Function, Antoine Billot, Itzhak Gilboa, and David Schmeidler

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Competitive Experimentation with Private Information, Giuseppe Moscarini and Francesco Squintani

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Distribution and Politics: A Brief History and Prospect, John E. Roemer

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Empirical Similarity, Itzhak Gilboa, Offer Lieberman, and David Schmeidler

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Modeling Party Competition in General Elections, John E. Roemer

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On the Nonparametric Identification of Nonlinear Simultaneous Equations Models: Comment on B. Brown (1983) and Roehrig (1988), C. Lanier Benkard and Steven T. Berry

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Rationality of Belief. Or: Why Bayesianism Is Neither Necessary nor Sufficient for Rationality, Itzhak Gilboa, Andrew Postlewaite, and David Schmeidler

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The Folk Theorem in Dynastic Repeated Games, Luca Anderlini, Dino Gerardi, and Roger Lagunoff

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Toward An Economic Theory of Dysfunctional Identity, Hanming Fang and Glenn C. Loury

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Coordination Failure in Repeated Games with Almost-Public Monitoring, George J. Mailath and Stephen Morris

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Coordination Failure in Repeated Games with Almost-Public Monitoring, George J. Mailath and Stephen Morris

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Effective Labor Regulation and Microeconomic Flexibility, Ricardo J. Caballero, Kevin N. Cowan, Eduardo Engel, and Alejandro Micco

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Locational Competition and the Environment: Should Countries Harmonize Their Environmental Policies?, William D. Nordhaus

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Network Markets and Consumer Coordination, Attila Ambrus and Rossella Argenziano

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Impartiality and Priority. Part 1: The Veil of Ignorance, Juan D. Moreno-Ternero and John E. Roemer

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Impartiality and Priority. Part 2: A Characterization with Solidarity, Juan D. Moreno-Ternero and John E. Roemer

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Impartiality, Solidarity, and Priority in the Theory of Justice, Juan D. Moreno-Ternero and John E. Roemer

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Xenophobia and Distribution in France: A Politico-economic Analysis, John E. Roemer and Karine Van der Straeten

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An Alternative Test of Racial Prejudice in Motor Vehicle Searches: Theory and Evidence, Shamena Anwar and Hanming Fang

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Automated Discovery in Econometrics, Peter C.B. Phillips

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Challenges of Trending Time Series Econometrics, Peter C.B. Phillips

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Collateral Restrictions and Liquidity Under-Supply: A Simple Model, Ana Fostel and John Geanakoplos

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Competition, Consumer Welfare and Monopoly Power, Donald J. Brown and G. A. Wood

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Expansions for Approximate Maximum Likelihood Estimators of the Fractional Difference Parameter, Offer Lieberman and Peter C.B. Phillips

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Grading Exams: 100, 99, ..., 1 or A, B, C? Incentives in Games of Status, Pradeep Dubey and John Geanakoplos

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HAC Estimation by Automated Regression, Peter C.B. Phillips

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Limit Theory for Moderate Deviations from a Unit Root, Peter C.B. Phillips and Tassos Magdalinos

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Non-Monotone Liquidity under-Supply, Ana Fostel and John Geanakoplos

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Optimal Invariant Similar Tests for Instrumental Variables Regression, Donald W.K. Andrews, Marcelo J. Moreira, and James H. Stock

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Regression Asymptotics Using Martingale Convergence Methods, Rustam Ibragimov and Peter C.B. Phillips

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Uniform Limit Theory for Stationary Autoregression, Liudas Giraitis and Peter C.B. Phillips

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Monopoly Pricing of Experience Goods, Dirk Bergemann and Juuso Välimäki

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Monopoly Pricing of Experience Goods, Dirk Bergemann and Juuso Välimäki

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Racism and Redistribution in the United States: A Solution to the Problem of American Exceptionalism, Woojin Lee and John E. Roemer

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Time-inconsistency and Welfare Program Participation: Evidence from the NLSY, Hanming Fang and Dan Silverman

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The Social Cost of Monopoly Power, Donald J. Brown and G. A. Wood

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Gold, Fiat and Credit: An Elementary Discussion of Commodity Money, Fiat Money and Credit. Part II, Thomas Quint and Martin Shubik

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Household Reaction to Changes in Housing Wealth, Robert J. Shiller

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Neighborhood Complexes and Generating Functions, Herbert E. Scarf and Kevin M. Woods

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Radical Financial Innovation, Robert J. Shiller

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Schumpeterian Profits in the American Economy: Theory and Measurement, William D. Nordhaus

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An Elementary Discussion of Commodity Money, Fiat Money and Credit: Part 1, Thomas Quint and Martin Shubik

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A Quantilogram Approach to Evaluating Directional Predictability, Oliver B. Linton and Yoon-Jae Whang

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Smoothed Empirical Likelihood Methods for Quantile Regression Models, Yoon-Jae Whang

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Three Strikes and You’re Out: Reply to Cooper and Willis, Ricardo J. Caballero and Eduardo Engel

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Purification in the Infinitely-Repeated Prisoners’ Dilemma, V. Bhaskar, George J. Mailath, and Stephen Morris

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Using Subspace Methods for Estimating ARMA Models for Multivariate Time Series with Conditionally Heteroskedastic Innovations, Dietmar Bauer

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Does Prison Harden Inmates? A Discontinuity-based Approach, Keith M. Chen and Jesse M. Shapiro

Submissions from 2003

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Absenteeism, Substitutes, and Complements in Simple Games, Thomas Quint and Martin Shubik

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Absenteeism, Substitutes, Complements, and the Banzhaf Index, Thomas Quint

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Dollar Denominated Debt and Optimal Security Design, John Geanakoplos and Felix Kubler

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A Behavioral Model of Bargaining with Endogenous Types, Dilip Abreu and David G. Pearce

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Can One Estimate the Conditional Distribution of Post-Model-Selection Estimators?, Hannes Leeb and Benedikt M. Pötscher

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Nonparametric Tests for Common Values in First-Price Sealed-Bid Auctions, Philip A. Haile, Han Hong, and Matthew Shum

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A Double Auction Market: Teaching, Experiment and Theory, Martin Shubik

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An Efficiency Rationale for Bundling of Public Goods, Hanming Fang and Peter Norman

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Optimal Provision of Multiple Excludable Public Goods, Hanming Fang and Peter Norman

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The Edgeworth, Cournot and Walrasian Cores of an Economy, Martin Shubik

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The Invention of Inflation-Indexed Bonds in Early America, Robert J. Shiller

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To Bundle or Not to Bundle, Hanming Fang and Peter Norman

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Bias in Dynamic Panel Estimation with Fixed Effects, Incidental Trends and Cross Section Dependence, Peter C.B. Phillips and Donggyu Sul

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Incidental Trends and the Power of Panel Unit Root Tests, Hyungsik Roger Moon, Benoit Perron, and Peter C.B. Phillips

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Liquidity Black Holes, Stephen Morris and Hyun Song Shin

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Long Run Variance Estimation Using Steep Origin Kernels without Truncation, Peter C.B. Phillips, Yixiao Sun, and Sainan Jin

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On the Empirical Content of Quantal Response Equilibrium, Philip A. Haile, Ali Hortaçsu, and Grigory Kosenok

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Prewhitening Bias in HAC Estimation, Donggyu Sul, Peter C.B. Phillips, and Chi-Young Choi

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Risk and Wealth in a Model of Self-Fulfilling Currency Attacks, Bernardo Guimarães and Stephen Morris

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Risk and Wealth in a Model of Self-Fulfilling Currency Attacks, Bernardo Guimarães and Stephen Morris

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On the Empirical Content of Quantal Response Equilibrium, Philip A. Haile, Ali Hortaçsu, and Grigory Kosenok

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Missing Aggregate Dynamics: On the Slow Convergence of Lumpy Adjustment Models, Ricardo J. Caballero and Eduardo Engel

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The Ideal Inflation Indexed Bond and Irving Fisher's Impatience Theory of Interest in an Overlapping Generations World, John Geanakoplos

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Uniqueness of Equilibrium in the Multi-Country Ricardo Model, Herbert E. Scarf and Charles A. Wilson

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Cross-section Regression with Common Shocks, Donald W.K. Andrews

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Determinacy with Nominal Assets and Outside Money, Pradeep Dubey and John Geanakoplos

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Indeterminacy, Nonparametric Calibration and Counterfactual Equilibria, Donald J. Brown and Ravi Kannan

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Real Determinacy with Nominal Assets, Pradeep Dubey and John Geanakoplos

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The Computation of Counterfactual Equilibria in Homothetic Walrasian Economies, Donald J. Brown and Ravi Kannan

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The Harmonic Fisher Equation and the Inflationary Bias of Real Uncertainty, Ioannis Karatzas, Martin Shubik, William D. Sudderth, and John Geanakoplos

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The Inflationary Bias of Real Uncertainty and the Harmonic Fisher Equation, Ioannis Karatzas, Martin Shubik, William D. Sudderth, and John Geanakoplos

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Alternative Approximations of the Bias and MSE of the IV Estimator under Weak Identification with an Application to Bias Correction, John C. Chao and Norman R. Swanson

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Consistent Estimation with a Large Number of Weak Instruments, John C. Chao and Norman R. Swanson

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Fundamental R&D Spillovers and the Internationalization of a Firm's Research Activities, Bernard Franck and Robert Owen

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Moral Hazard, Hanming Fang and Giuseppe Moscarini

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Multidimensional Private Value Auctions, Hanming Fang and Stephen Morris

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On Houseswapping, the Strict Core, Segmentation, and Linear Programming, Thomas Quint and Jun Wako

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Robust Mechanism Design, Dirk Bergemann and Stephen Morris

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Robust Mechanism Design, Dirk Bergemann and Stephen Morris

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Strategic Freedom, Constraint and Symmetry in One-period Markets with Cash and Credit Payment, Martin Shubik and Eric Smith

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Structure, Clearinghouses and Symmetry, Martin Shubik and Eric Smith

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Two New Proofs of Afriat's Theorem, Ana Fostel, Herbert E. Scarf, and Michael J. Todd

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Dynamic Price Competition, Dirk Bergemann and Juuso Välimäki

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Market Bubbles and Wasteful Avoidance: Tax and Regulatory Constraints on Short Sales, Michael R. Powers, David M. Schizer, and Martin Shubik

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On Local and Network Games, Thomas Quint and Martin Shubik

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Beauty Contests, Bubbles and Iterated Expectations in Asset Markets, Franklin Allen, Stephen Morris, and Hyun Song Shin

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Committee Design in the Presence of Communication, Dino Gerardi and Leeat Yariv

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Communication and Monetary Policy, Jeffrey Amato, Stephen Morris, and Hyun Song Shin

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Consistent HAC Estimation and Robust Regression Testing Using Sharp Origin Kernels with No Truncation, Peter C.B. Phillips, Yixiao Sun, and Sainan Jin

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Eclectic Distributional Ethics, John E. Roemer

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End-of-Sample Cointegration Breakdown Tests, Donald W.K. Andrews and Jae-Young Kim

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Indeterminacy of Citizen-Candidate Equilibrium, John E. Roemer

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Information Acquisition in Committees, Dino Gerardi and Leeat Yariv

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Political Equilibrium with Private or/and Public Campaign Finance: A Comparison of Institutions, John E. Roemer

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Bonds or Loans? The Effect of Macroeconomic Fundamentals, Galina Hale

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Catalytic Finance: When Does It Work?, Stephen Morris and Hyun Song Shin

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Coordination, Communication and Common Knowledge: A Retrospective on the Electronic Mail Game, Stephen Morris

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Heterogeneity and Uniqueness in Interaction Games, Stephen Morris and Hyun Song Shin

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Laws and Limits of Econometrics, Peter C.B. Phillips

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Rationalizing and Curve-Fitting Demand Data with Quasilinear Utilities, Donald J. Brown and Caterina Calsamiglia

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The Elusive Empirical Shadow of Growth Convergence, Peter C.B. Phillips and Donggyu Sul

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The Strong Law of Demand, Donald J. Brown and Caterina Calsamiglia

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Fractional Brownian Motion as a Differentiable Generalized Gaussian Process, Victoria Zinde-Walsh and Peter C.B. Phillips

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Generalized Potentials and Robust Sets of Equilibria, Stephen Morris and Takashi Ui

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GMM Estimation of Autoregressive Roots Near Unity with Panel Data, Hyungsik Roger Moon and Peter C.B. Phillips

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Jackknifing Bond Option Prices, Peter C.B. Phillips and Jun Yu

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Tests of Independence in Separable Econometric Models, Donald J. Brown and Marten H. Wegkamp

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Tests of Independence in Separable Econometric Models: Theory and Application, Donald J. Brown, Rahul Deb, and Marten H. Wegkamp

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Tests of Independence in Separable Econometric Models: Theory and Application, Donald J. Brown, Rahul Deb, and Marten H. Wegkamp

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Vision and Influence in Econometrics: John Denis Sargan, Peter C.B. Phillips

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Who Refers To Whom: A Study of Research References and the Relationship between Research Reports and Final Publication, Samuel McCarthy, Martin Shubik, and Jianfeng Yu

Submissions from 2002

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Monetary Equilibrium with Missing Markets, Pradeep Dubey and John Geanakoplos

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Testing for a New Economy in the 1990s, Ray C. Fair

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Adaptive Local Polynomial Whittle Estimation of Long-range Dependence, Donald W.K. Andrews and Yixiao Sun

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Fairness, Reciprocity, and Wage Rigidity, Truman F. Bewley

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From Efficient Market Theory to Behavioral Finance, Robert J. Shiller

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One Simple Test of Samuelson's Dictum for the Stock Market, Jeeman Jung and Robert J. Shiller

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The Economic Consequences of a War with Iraq, William D. Nordhaus

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College Football Rankings and Market Efficiency, Ray C. Fair and John F. Oster

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Risk Aversion and Stock Prices, Ray C. Fair

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Demography and the Long-run Predictability of the Stock Market, John Geanakoplos, Michael Magill, and Martine Quinzii

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Demography and the Long-Run Predictability of the Stock Market, John Geanakoplos, Michael Magill, and Martine Quinzii

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Higher-order Improvements of the Parametric Bootstrap for Long-memory Gaussian Processes, Donald W.K. Andrews and Offer Lieberman

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The Value of Benchmarking, Dirk Bergemann and Ulrich Hege

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Best Response Equivalence, Stephen Morris and Takashi Ui

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Econometric Methods for Endogenously Sampled Time Series: The Case of Commodity Price Speculation in the Steel Market, George J. Hall and John Rust

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Error Bounds and Asymptotic Expansions for Toeplitz Product Functionals of Unbounded Spectra, Offer Lieberman and Peter C.B. Phillips

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More Efficient Kernel Estimation in Nonparametric Regression with Autocorrelated Errors, Zhijie Xiao, Oliver B. Linton, Raymond J. Carroll, and E. Mammen

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Dynamic Panel Estimation and Homogeneity Testing under Cross Section Dependence, Peter C.B. Phillips and Donggyu Sul

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Dynamics of the Federal Funds Target Rate: A Nonstationary Discrete Choice Approach, Ling Hu and Peter C.B. Phillips

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Efficient Regression in Time Series Partial Linear Models, Peter C.B. Phillips, Binbin Guo, and Zhijie Xiao

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End-of-Sample Instability Tests, Donald W.K. Andrews

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Limit Theorems for Estimating the Parameters of Differentiated Product Demand Systems, Steven T. Berry, Oliver B. Linton, and Ariel Pakes

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Local Whittle Estimation of Fractional Integration, Katsumi Shimotsu and Peter C.B. Phillips

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Nonlinear Log-Periodogram Regression for Perturbed Fractional Processes, Yixiao Sun and Peter C.B. Phillips

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Nonstationary Discrete Choice, Ling Hu and Peter C.B. Phillips

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The Block-block Bootstrap: Improved Asymptotic Refinements, Donald W.K. Andrews

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The KPSS Test with Seasonal Dummies, Sainan Jin and Peter C.B. Phillips

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The Mildest Recession: Output, Profits, and Stock Prices as the U.S. Emerges from the 2001 Recession, William D. Nordhaus

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Unmediated Communication in Games with Complete and Incomplete Information, Dino Gerardi

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Competition in or for the Field: Which Is Better?, Eduardo Engel, Ronald Fischer, and Alexander Galetovic

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From Nash to Walras via Shapley-Shubik, Pradeep Dubey and John Geanakoplos

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Partially Linear Models with Unit Roots, Ted Juhl and Zhijie Xiao

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Valid Edgeworth Expansions for the Whittle Maximum Likelihood Estimator for Stationary Long-memory Gaussian Time Series, Donald W.K. Andrews and Offer Lieberman

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Macroeconomic Strategy in Wartime, James Tobin

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Consistent Testing for Stochastic Dominance: A Subsampling Approach, Oliver B. Linton, Esfandiar Maasoumi, and Yoon-Jae Whang

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Highway Franchising and Real Estate Values, Eduardo Engel, Ronald Fischer, and Alexander Galetovic

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How to Auction an Essential Facility When Underhand Integration Is Possible, Eduardo Engel, Ronald Fischer, and Alexander Galetovic

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I'll See It When I Believe It — A Simple Model of Cognitive Consistency, Leeat Yariv

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The Health of Nations: The Contribution of Improved Health to Living Standards, William D. Nordhaus

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An Optimal Fair Job Assignment Problem, Zaifu Yang

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Valid Asymptotic Expansions for the Maximum Likelihood Estimator of the Parameter of a Stationary, Gaussian, Strongly Dependent Process, Offer Lieberman, Judith Rousseau, and David M. Zucker

Submissions from 2001

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A Derivation of Expected Utility Maximization in the Context of a Game, Itzhak Gilboa and David Schmeidler

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Asymptotic Theory for Multivariate GARCH Processes, F. Comte and Offer Lieberman

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Believe and Let Believe: Axiomatic Foundations for Belief Dependent Utility Functionals, Leeat Yariv

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Bootstrapping Macroeconometric Models, Ray C. Fair

Cognitive Foundations of Probability, Itzhak Gilboa and David Schmeidler

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Competitive Pooling: Rothschild-Stiglitz Reconsidered, Pradeep Dubey and John Geanakoplos

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Competitive Pooling: Rothschild-Stiglitz Reconsidered, Pradeep Dubey and John Geanakoplos

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Competitive Pooling: Rothschild-Stiglitz Reconsidered, Pradeep Dubey and John Geanakoplos

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Inductive Inference: An Axiomatic Approach, Itzhak Gilboa and David Schmeidler

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Money and the Monetization of Credit, Martin Shubik

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On Fair Allocations and Indivisibilities, Ning Sun and Zaifu Yang

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Penalised Maximum Likelihood Estimation for Fractional Gaussian Processes, Offer Lieberman

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Subjective Distributions, Itzhak Gilboa and David Schmeidler

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Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market, Steven T. Berry, James Levinsohn, and Ariel Pakes

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Equilibrium Selection in Global Games with Strategic Complementarities, David M. Frankel, Stephen Morris, and Ady Pauzner

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The Optimal Concentration of Creditors, Ivo Welch and Arturo Bris

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Comparing Wealth Effects: The Stock Market Versus the Housing Market, Karl E. Case, John M. Quigley, and Robert J. Shiller

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Higher-order Improvements of the Parametric Bootstrap for Markov Processes, Donald W.K. Andrews

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Inflationary Bias in a Simple Stochastic Economy, Ioannis Karatzas, Martin Shubik, William D. Sudderth, and John Geanakoplos

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A CUSUM Test for Cointegration Using Regression Residuals, Zhijie Xiao and Peter C.B. Phillips

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Bootstrapping Spurious Regression, Peter C.B. Phillips

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Egalitarianism Against the Veil of Ignorance, John E. Roemer

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Fully Nonparametric Estimation of Scalar Diffusion Models, Federico M. Bandi and Peter C.B. Phillips

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Information Structures in Optimal Auctions, Dirk Bergemann and Martin Pesendorfer

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Nonlinear Instrumental Variable Estimation of Autoregression, Peter C.B. Phillips, Joon Y. Park, and Yoosoon Chang

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The Equity Premium Consensus Forecast Revisited, Ivo Welch

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The Progress of Computing, William D. Nordhaus

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Value and Politics, John E. Roemer

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What We Owe Our Children, They Their Children, ..., John E. Roemer and Roberto Veneziani

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Accessible Pareto-Improvements: Using Market Information to Reform Inefficiencies, Michael Mandler

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A Practical Competitive Market Model for Indivisible Commodities, Zaifu Yang

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Compromises between Cardinality and Ordinality in Preference Theory and Social Choice, Michael Mandler

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Exchange Rates and Casualties During the First World War, George J. Hall

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If You're So Smart, Why Aren't You Rich?Belief Selection in Complete and Incomplete Markets, Larry Blume and David Easley

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Insurance Contracts Designed by Competitive Pooling, Pradeep Dubey and John Geanakoplos

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Liquidity, Default and Crashes: Endogenous Contracts in General Equilibrium, John Geanakoplos

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Liquidity, Default and Crashes: Endogenous Contracts in General Equilibrium, John Geanakoplos

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Liquidity, Default and Crashes: Endogenous Contracts in General Equilibrium, John Geanakoplos

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Perfectly Fair Allocations with Indivisibilities, Ning Sun and Zaifu Yang

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Gaussian Estimation of Continuous Time Models of the Short Term Interest Rate, Jun Yu and Peter C.B. Phillips

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International Finance in General Equilibrium, John Geanakoplos and Dimitrios P. Tsomocos

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Nonparametric Estimation of a Multifactor Heath-Jarrow-Morton Model: An Integrated Approach, Andrew Jeffrey, Oliver B. Linton, Thong Nguyen, and Peter C.B. Phillips

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Regression with Slowly Varying Regressors, Peter C.B. Phillips

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Second Order Expansions for the Distribution of the Maximum Likelihood Estimator of the Fractional Difference Parameter, Offer Lieberman and Peter C.B. Phillips

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Social Security Investment in Equities, Peter A. Diamond and John Geanakoplos

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Social Security Investment in Equities I: Linear Case, Peter A. Diamond and John Geanakoplos

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The CNBC Effect: Welfare Effects of Public Information, Stephen Morris and Hyun Song Shin

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An Economic Approach to the Psychology of Change: Amnesia, Inertia, and Impulsiveness, David Hirshleifer and Ivo Welch

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On the Evolution of Overconfidence and Entrepreneurs, Antonio E. Bernardo and Ivo Welch

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Bubbles, Human Judgment, and Expert Opinion, Robert J. Shiller

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Default and Punishment in General Equilibrium, Pradeep Dubey, John Geanakoplos, and Martin Shubik

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Default and Punishment in General Equilibrium, Pradeep Dubey, John Geanakoplos, and Martin Shubik

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Default and Punishment in General Equilibrium, Pradeep Dubey, John Geanakoplos, and Martin Shubik

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Default and Punishment in General Equilibrium, Pradeep Dubey, John Geanakoplos, and Martin Shubik

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Default and Punishment in General Equilibrium, Pradeep Dubey, John Geanakoplos, and Martin Shubik

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Default and Punishment in General Equilibrium, Pradeep Dubey, John Geanakoplos, and Martin Shubik

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Entry and Vertical Differentiation, Dirk Bergemann and Juuso Välimäki

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Fiscal Policy: Its Macroeconomics in Perspective, James Tobin

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Signalling and Default: Rothschild-Stiglitz Reconsidered, Pradeep Dubey and John Geanakoplos

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Estimates of the Effectiveness of Monetary Policy, Ray C. Fair

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Middle Men Versus Market Makers: A Theory of Competitive Exchange, John Rust and George J. Hall

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On Modeling the Effects of Inflation Shocks, Ray C. Fair

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Measurability Is Not about Information, Juan Dubra and Federico Echenique

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Monotone Preferences over Information, Juan Dubra and Federico Echenique

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Valuation Ratios and the Long-Run Stock Market Outlook: An Update, John Y. Campbell and Robert J. Shiller

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A Computational Analysis of the Core of a Trading Economy with Three Competitive Equilibria and a Finite Number of Traders, Alok Kumar and Martin Shubik

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Electoral Rules and the Emergence of New Issue Dimensions, Estelle Cantillon

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Expected Utility Theory without the Completeness Axiom, Juan Dubra, Fabio Maccheroni, and Efe A. Ok

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Local Polynomial Whittle Estimation, Donald W.K. Andrews and Yixiao Sun

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Multifractal Products of Cylindrical Pulses, Julien Barral and Benoit Mandelbrot

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The Financing of Innovation: Learning and Stopping, Dirk Bergemann and Ulrich Hege

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The Financing of Innovation: Learning and Stopping, Dirk Bergemann and Ulrich Hege

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The Uses of Teaching Games in Game Theory Classes and Some Experimental Games, Martin Shubik

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Weighted Minimum Mean-Square Distance from Independence Estimation, Donald J. Brown and Marten H. Wegkamp

Submissions from 2000

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A Graphical Analysis of Some Basic Results in Social Choice, Estelle Cantillon and Antonio Rangel

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Alternative Methods for Measuring Productivity Growth, William D. Nordhaus

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Does Democracy Engender Equality?, John E. Roemer

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New Data and Output Concepts for Understanding Productivity Trends, William D. Nordhaus

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Productivity Growth and the New Economy, William D. Nordhaus

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Structural Change in Tail Behavior and the Asian Financial Crisis, Carmela E. Quintos, Zhenhong Fan, and Peter C.B. Phillips

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Unilateral Deviations with Perfect Information, Pradeep Dubey and Ori Haimanko

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Entry and Vertical Differentiation, Dirk Bergemann and Juuso Välimäki

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Forecasting New Zealand's Real GDP, Aaron F. Schiff and Peter C.B. Phillips

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The Effect of Bidders’ Asymmetries on Expected Revenue in Auctions, Estelle Cantillon

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Global Games: Theory and Applications, Stephen Morris and Hyun Song Shin

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Global Games: Theory and Applications, Stephen Morris and Hyun Song Shin

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Investment Incentives in Procurement Auctions, Leandro Arozamena and Estelle Cantillon

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Does One Soros Make a Difference? A Theory of Currency Crises with Large and Small Traders, Giancarlo Corsetti, Partha Dasgupta, Stephen Morris, and Hyun Song Shin

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Faulty Communication, Stephen Morris

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Faulty Communication, Stephen Morris

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GMM Estimation of Autoregressive Roots Near Unity with Panel Data, Hyungsik Roger Moon and Peter C.B. Phillips

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How to Compute Equilibrium Prices in 1891, William C. Brainard and Herbert E. Scarf

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Optimal Inventory Policies When Sales Are Discretionary, Herbert E. Scarf

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Equivalence of the Higher-order Asymptotic Efficiency of k-step and Extremum Statistics, Donald W.K. Andrews

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Local Whittle Estimation in Nonstationary and Unit Root Cases, Katsumi Shimotsu and Peter C.B. Phillips

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Modified Local Whittle Estimation of the Memory Parameter in the Nonstationary Case, Katsumi Shimotsu and Peter C.B. Phillips

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Pooled Log Periodogram Regression, Katsumi Shimotsu and Peter C.B. Phillips

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Savings and Portfolio Choice in a Two-Period Two-Asset Model, Saku Aura, Peter A. Diamond, and John Geanakoplos

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Trending Time Series and Macroeconomic Activity: Some Present and Future Challenges, Peter C.B. Phillips

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A Bias-Reduced Log-Periodogram Regression Estimator for the Long-Memory Parameter, Donald W.K. Andrews and Patrik Guggenberger

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A Stochastic Overlapping Generations Economy with Inheritance, Ioannis Karatzas, Martin Shubik, and William D. Sudderth

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Information and the Existence of Stationary Markovian Equilibrium, Ioannis Karatzas, Martin Shubik, and William D. Sudderth

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Rethinking Multiple Equilibria in Macroeconomic Modelling, Stephen Morris and Hyun Song Shin

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Social Security Investment in Equities in an Economy with Short-Term Production and Land, Peter A. Diamond and John Geanakoplos

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Cartoons of the Variation of Financial Prices and of Brownian Motions in Multifractal Time, Benoit Mandelbrot

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Competitive Prizes: When Less Scrutiny Induces More Effort, Pradeep Dubey and Chien-wei Wu

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Estimated, Calibrated, and Optimal Interest Rate Rules, Ray C. Fair

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Inside and Outside Money, Gains to Trade, and IS-LM, Pradeep Dubey and John Geanakoplos

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Inside and Outside Money, Gains to Trade, and IS-LM, Pradeep Dubey and John Geanakoplos

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Optimal Scrutiny in Multi-Period Promotion Tournaments, Pradeep Dubey and Ori Haimanko

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Asymptotics in Minimum Distance from Independence Estimation, Donald J. Brown and Marten H. Wegkamp

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The Theory of Money, Martin Shubik

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Bootstrap Unit Root Tests in Panels with Cross-Sectional Dependency, Yoosoon Chang

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Confidence Intervals, Donald W.K. Andrews and Moshe Buchinsky

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Bargaining and Markets: Complexity and the Walrasian Outcome, Hamid Sabourian

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Default in a General Equilibrium Model with Incomplete Markets, Pradeep Dubey, John Geanakoplos, and Martin Shubik

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Information Acquisition and Efficient Mechanism Design, Dirk Bergemann and Juuso Välimäki

Submissions from 1999

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Coordination Risk and the Price of Debt, Stephen Morris and Hyun Song Shin

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Coordination Risk and the Price of Debt, Stephen Morris and Hyun Song Shin

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Discrete Fourier Transforms of Fractional Processes, Peter C.B. Phillips

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Maximum Likelihood Estimation in Panels with Incidental Trends, Hyungsik Roger Moon and Peter C.B. Phillips

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Nonlinear Econometric Models with Cointegrated and Deterministically Trending Regressors, Yoosoon Chang, Joon Y. Park, and Peter C.B. Phillips

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Political Correctness, Stephen Morris

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Unit Root Log Periodogram Regression, Peter C.B. Phillips

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Repeated Games with Almost-Public Monitoring, George J. Mailath and Stephen Morris

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Stationary Multi Choice Bandit Problems, Dirk Bergemann and Juuso Välimäki

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Strategic Buyers and Privately Observed Prices, Dirk Bergemann and Juuso Välimäki

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Survey of Multifractality in Finance, Benoit Mandelbrot

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World Income Components: Measuring and Exploiting Risk-Sharing Opportunities, Stefano G. Athanasoulis and Robert J. Shiller

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Contractual Intermediaries, Garey Ramey and Joel Watson

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Consistent Model and Moment Selection Criteria for GMM Estimation with Application to Dynamic Panel Data Models, Donald W.K. Andrews and Biao Lu

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On Minsky's Agenda for Reform, James Tobin

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Higher-order Improvements of a Computationally Attractive k-step Bootstrap for Extremum Estimators, Donald W.K. Andrews

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Higher-order Improvements of a Computationally Attractive k-Step Bootstrap for Extremum Estimators, Donald W.K. Andrews

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Testing When a Parameter Is on the Boundary of the Maintained Hypothesis, Donald W.K. Andrews

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Vertical Integration, Networks, and Markets, Rachel E. Kranton and Deborah F. Minehart