### Submissions from 1985

A Model of a Sudden-Death Field-Goal Football Game as a Sequential Duel, Siddhartha Sahi and Martin Shubik

International Lending and Borrowing in a Stochastic Sequence Equilibrium, Richard H. Clarida

Mass Economies with Vital Small Coalitions; The f-Core Approach, Peter J. Hammond, Mamoru Kaneko, and Myrna Holtz Wooders

Real Indeterminacy with Financial Assets, John Geanakoplos and Andreu Mas-Colell

Relying on the Information of Interested Parties, Paul R. Milgrom and John Roberts

Some Three Person Games in Coalitional Form for Teaching and Experimentation, Martin Shubik

The Numeraire, Money and the Missing Degree of Freedom, Martin Shubik

The Use of Simple Games to Illustrate Concepts and to Provide Experimental Evidence, Martin Shubik

Aggregation and Linearity in the Provision of Intertemporal Incentives, Bengt Holmstrom and Paul R. Milgrom

An Axiomatization of Utility and Subjective Probability Based on Objective Probability, Mamoru Kaneko

Coordinating Coordination Failures in Keynesian Models, Russell Cooper and John Andrew

Coordinating Coordination Failures in Keynesian Models, Russell Cooper and Andrew John

Do We Reject Too Often? Small Sample Bias in Tests of Rational Expectations, N. Gregory Mankiw and Matthew D. Shapiro

The Balance of Payments Adjustment Mechanism in a Rational Expectations Equilibrium, Richard H. Clarida

The Distribution of FIML in the Leading Case, Peter C.B. Phillips

Time Series Regression with a Unit Root, Peter C.B. Phillips

Time Series Regression with a Unit Root, Peter C.B. Phillips

Two Stage and Related Estimators and Their Applications, Adrian Pagan

Asymptotic Results for Generalized Wald Tests, Donald W.K. Andrews

An Unbiased Reexamination of Stock Market Volatility, N. Gregory Mankiw, David Romer, and Matthew D. Shapiro

Capital Utilization and Capital Accumulation: Theory and Evidence, Matthew D. Shapiro

Risk and Return: Consumption Beta Versus Market Beta, N. Gregory Mankiw and Matthew D. Shapiro

### Submissions from 1984

A Note on the Unbiasedness of Feasible GLS, Quasi-Maximum Likelihood, Robust Adaptive, and Spectral Estimators of the Linear Model, Donald W.K. Andrews

A Note on the Unbiasedness of Feasible GLS, Quasi-Maximum Likelihood, Robust Adaptive, and Spectral Estimators of the Linear Model, Donald W.K. Andrews

Games with Perceptive Commanders But Less Perceptive Subordinates, Martin Shubik

On a General Existence Theorem for Marginal Cost Pricing Equilibria, Donald J. Brown, Geoffrey M. Heal, M. Ali Khan, and Rajiv Vohra

Testing the Random Walk Hypothesis: Power versus Frequency of Observation, Robert J. Shiller and Pierre Perron

A Note on Enough Money in a Strategic Market Game with Complete or Fewer Markets, Martin Shubik

Managerial Incentives and Capital Management, Bengt Holmstrom and Joan E. Ricart-Costa

The Dynamic Demand for Capital and Labor, Matthew D. Shapiro

The Exact Distribution of the Wald Statistic: The Non-Central Case, Peter C.B. Phillips and Sam Ouliaris

A Mean-Variance Approach to Fundamental Valuations, James Tobin

Expansionary Government Policy in an Economy with Commodity and Labor, Russell Cooper

Neighborhood Systems for Production Sets with Indivisibilities, Herbert E. Scarf

Optimal Cartel Equilibria with Imperfect Monitoring, Dilip Abreu, David G. Pearce, and Ennio Stacchetti

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

An Everywhere Convergent Series Representation of the Distribution of Hotelling's Generalized T 2^0, Peter C.B. Phillips

An Everywhere Convergent Series Representation of the Distribution of Hotellings Generalized T 2^0, Peter C.B. Phillips

Testing for Serial Correlation and Unit Roots Using a Computer Function Routine Based on ERA's, Peter C.B. Phillips and Peter C. Reiss

The Exact Distribution of the Wald Statistic, Peter C.B. Phillips

Trends, Random Walks, and Tests of the Permanent Income Hypothesis, N. Gregory Mankiw and Matthew D. Shapiro

Empirical Tests of the Rationality of Economic Forecasters: A Fixed Horizons Approach, William D. Nordhaus and Steven N. Durlauf

Empirical Tests of the Rationality of Economic Forecasters: A Fixed Horizons Approach, William D. Nordhaus and Steven N. Durlauf

General Equilibrium with Wage Rigidities: An Application to Belgium, Victor Ginsburgh and Ludo Van der Heyden

I and First and Second Scenarios (A Sensitivity Analysis), Paul Bracken, Moshe Haviv, Martin Shubik, and Ulrich Tulowitzki

Plausible Outcomes for Games in Strategic Form, Martin Shubik

Product Warranties and Double Moral Hazard, Russell Cooper and Thomas W. Ross

Stock Prices and Social Dynamics, Robert J. Shiller

Stock Prices and Social Dynamics, Robert J. Shiller

The Many Approaches to the Study of Monopolistic Competition, Martin Shubik

The Use of Expected Future Variables in Macroeconometric Models, Ray C. Fair

Stability Comparisons of Estimators, Donald W.K. Andrews

Estimated Trade-Offs between Unemployment and Inflation, Ray C. Fair

Job Discrimination, Market Forces and the Invisibility Hypothesis, Paul R. Milgrom and Sharon Oster

Job Discrimination, Market Forces and the Invisibility Hypothesis, Paul R. Milgrom and Sharon Oster

Price and Advertising Signals of Product Quality, Paul R. Milgrom and John Roberts

Stability Comparisons of Estimators, Donald W.K. Andrews

Stability Comparisons of Estimators, Donald W.K. Andrews

A Comparison of the Michigan and Fair Models: Further Results, Ray C. Fair and Lewis S. Alexander

A General Equilibrium Expression of the Paradox of Thrift, Christophe Chamley

Consumption, Liquidity Constraints and Asset Accumulation in the Presence of Random Income Fluctuations, Richard H. Clarida

Optimal Spending and Money Holdings in the Presence of Liquidity Constraints and Random Income Fluctuations, Richard H. Clarida

The Cooperative Form, the Value and the Allocation of Joint Costs and Benefits, Martin Shubik

A Comparison of the Michigan and Fair Models, Ray C. Fair and Lewis S. Alexander

Conditional Projection by Means of Kalman Filtering, Richard H. Clarida and Diane Coyle

On the Stochastic Steady-State Behavior of Optimal Asset Accumulation in the Presence of Random Wage Fluctuations and Incomplete Markets, Richard H. Clarida

Optimal Taxation of Capital Income in Economies with Identical Private and Social Discount Rates, Christophe Chamley

A Note on Biology, Time and the Golden Rule, Martin Shubik

A Zero-One Result for the Least Squares Estimator, Donald W.K. Andrews

Current Account, Exchange Rate, and Monetary Dynamics in a Stochastic Equilibrium Model, Richard H. Clarida

Robust Estimation of Location in a Gaussian Parametric Model: II, Donald W.K. Andrews

The Behavior of U.S. Short-Term Interest Rates Since October 1979, Richard H. Clarida and Benjamin M. Friedman

Effects of Expected Future Government Deficits on Current Economic Activity, Ray C. Fair

Excess Labor and the Business Cycle, Ray C. Fair

Insurance, Flexibility and Non-contingent Trades, Russell Cooper

Fiscal and Monetary Policy in a General Equilibrium Model, Truman F. Bewley

Monopoly Provision of Product Quality with Uninformed Buyers, Russell Cooper and Thomas W. Ross

Net Present Value Maximization and Imperfections in the Loan Market: A Note, Cynthia Van Hulle

On a Variable Dimension Algorithm for the Linear Complementarity Problem, Ludo Van der Heyden

### Submissions from 1983

Dominance and Shareholder Unanimity: A New Approach, Cynthia Van Hulle

Stochastic Equilibrium and Turnpike Property: The Discounted Case, Ramon Marimon

The Optimality of Regulated Pricing: A General Equilibrium Analysis” AND “An Optimal Tax Rule for Average Cost Pricing, Donald J. Brown and Geoffrey M. Heal

Finite Sample Econometrics Using ERA's, Peter C.B. Phillips

The Exact Distribution of the Stein-Rule Estimator, Peter C.B. Phillips

A Note on the “Corelessness” of Antibalance of a Game, Martin Shubik and Shlomo Weber

Intertemporally Separable Overlapping Generations Economies, John Geanakoplos and Heracles M. Polemarchakis

On University Education in Econometrics: Remarks on an Article by Eric R. Sowey, Peter C.B. Phillips

Information Patterns and Nash Equilibria in Extensive Games, Pradeep Dubey and Mamoru Kaneko

Multimarket Oligopoly, Jeremy I. Bulow, John Geanakoplos, and Paul D. Klemperer

The Exact Distribution of Zellner's SUR, Peter C.B. Phillips

Organizing Production in a Large Economy with Costly Communication, Paul R. Milgrom and Robert J. Weber

The Exact Distribution of Exogenous Variable Coefficient Estimators, Peter C.B. Phillips

Forward Rates and Future Policy: Interpreting the Term Structure of Interest Rates, Robert J. Shiller, John Y. Campbell, and Kermit L. Schoenholtz

Linear Complementarity and the Average Volume of Simplicial Cones, Roger Howe

Macroeconomics under Debate, James Tobin

Profit-Sharing in a Collusive Industry, Martin J. Osborne and Carolyn Pitchik

Worker Asymmetric Information and Involuntary Unemployment, Russell Cooper

Multiperiod Insurance Contracts, Russell Cooper and Beth Hayes

Fiscal Incidence in a Dynamic Life-Cycle Model with Land, Christophe Chamley

A Strategic Market Game with Transaction Costs, J. D. Rogawski and Martin Shubik

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

First Order Autoregressive Processes and Strong Mixing, Donald W.K. Andrews

Strategic Resource Extraction: When Easy Doesn't Do It, Jeremy I. Bulow and John Geanakoplos

Monetary Policies with Increasing Returns, Graciela Chichilnisky and Geoffrey M. Heal

The Exact Distribution of LIML: II, Peter C.B. Phillips

Predetermined Prices and the Allocation of Social Risks, Costas Azariadis and Russell Cooper

### Submissions from 1982

Global Stability in a Class of Markets with Three Commodities and Three Consumers, Masayoshi Hirota

Marginal Versus Average Cost Pricing in the Presence of a Public Monopoly, Donald J. Brown and Geoffrey M. Heal

Near-Markets and Market Games, Martin Shubik and Myrna Holtz Wooders

Optimal Labor Contracts and the Role of Monetary Policy in an Overlapping Generations Model, Russell Cooper

The Exact Distribution of LIML: I, Peter C.B. Phillips

A Geometric Explanation of the Transfer Paradox in a Stable Economy, John Geanakoplos and Geoffrey M. Heal

Investment Versus Savings Incentives: The Size of the Bang for the Buck and the Potential for Self-Financing Business Tax Cuts, Alan J. Auerbach and Laurence Kotlikoff

Revelation of Information in Strategic Market Games: A Critique of Rational Expectations, Pradeep Dubey, John Geanakoplos, and Martin Shubik

Revelation of Information in Strategic Market Games: A Critique of Rational Expectations, Pradeep Dubey, John Geanakoplos, and Martin Shubik

Robust and Asymptotically Efficient Estimation of Location in a Stationary Strong Mixing Gaussian Parametric Model, Donald W.K. Andrews

Scarf's Procedure for Integer Programming and a Dual Simplex Algorithm, Philip M. White, Andrew S. Caplin, and Ludo Van der Heyden

Stable Disequilibrium Prices: Macroeconomics and Increasing Returns I, Geoffrey M. Heal

On Allocative Distortions in Problems of Self-Selection, Russell Cooper

The Structure of Social Risk, William D. Nordhaus and Steven N. Durlauf

Core and Competitive Equilibria with Indivisibilities, Martine Quinzii

ERA's: A New Approach to Small Sample Theory, Peter C.B. Phillips

On the Disaggregation of Excess Demand Functions, John Geanakoplos and Heracles M. Polemarchakis

Utility Functions for Debreu's ‘Excess Demands', John Geanakoplos

Don't Bet on It, John Geanakoplos and James K. Sebenius

Failure of the Alternation Theorem in Rational Approximation over C_0 (-infinity,infinity), Peter C.B. Phillips

Information Processing and Jury Decision making, Alvin K. Klevorick, Michael Rothschild, and Christopher Winship

On Implicit Contracts and Involuntary Unemployment, John Geanakoplos and Takatoshi Ito

The Distribution of Matrix Quotients, Peter C.B. Phillips

We Can't Disagree Forever, John Geanakoplos and Heracles M. Polemarchakis

A Bookmaker or Market Type Test for Specification in Discrete Choice Models, John J. Beggs

Integral Polyhedra in Three Space, Herbert E. Scarf

Inefficiency of Nash Equilibria in a Private Goods Economy, Pradeep Dubey and J. D. Rogawski

Equilibria for a Three-Person Location Problem, Martin J. Osborne and Carolyn Pitchik

Information About Moves in Extensive Games: II, Pradeep Dubey and Mamoru Kaneko

Stochastic Games I: Foundations, Curt Alfred Monash

Stochastic Games II: The Minmax Theorem, Curt Alfred Monash

Exact Small Sample Theory in the Simultaneous Equations Model, Peter C.B. Phillips

Inefficiency of Nash Equilibria: I, Pradeep Dubey and J. D. Rogawski

Information About Moves in Extensive Games: I, Pradeep Dubey and Mamoru Kaneko

Naval Procurement Problems: Theory and Practice, Zvi A. Livne and Martin Shubik

On the Exact Distribution of LIML, Peter C.B. Phillips

Approximate Cores of a General Class of Economies: Part II. Set-Up Costs and Firm Formation in Coalition Production Economies, Martin Shubik and Myrna Holtz Wooders

Approximate Cores of a General Class of Economies. Part I: Replica Games, Externalities, and Approximate Cores, Martin Shubik and Myrna Holtz Wooders

Cores of Partitioning Games, Mamoru Kaneko and Myrna Holtz Wooders

Macroeconomics and Fiscal Policy: Paul A. Samuelson and Modern Economics, James Tobin

Small Sample Distribution Theory in Econometric Models of Simultaneous Equations, Peter C.B. Phillips

How Fast Should We Graze the Global Commons?, William D. Nordhaus

The Conventionally Stable Sets in Noncooperative Games With Limited Observations: The Application to Monopoly and Oligopoly, Mamoru Kaneko

### Submissions from 1981

Entrepreneurial Abilities and Liabilities in a Model of Self-Selection, Christophe Chamley

Money and Finance in the Macro-Economic Process, James Tobin

Payoffs in Non-Atomic Economies: An Axiomatic Approach, Pradeep Dubey and Abraham Neyman

The Epsilon Core of a Large Game, Myrna Holtz Wooders

Macroconfusion: The Dilemmas of Economic Policy, William D. Nordhaus

A New Approach to Small Sample Theory, Peter C.B. Phillips

Game Theory: The Language of Strategy?, Martin Shubik

Marginal Densities of Instrumental Variable Estimators in the General Single Equation Case, Peter C.B. Phillips

Some Remarks on the Folk Theorem in Game Theory, Mamoru Kaneko

Asset Markets, General Equilibrium and the Neutrality of Money, Christophe Chamley and Heracles M. Polemarchakis

Economic Policy in the Face of Declining Productivity Growth, William D. Nordhaus

Algorithms for the Linear Complementarity Problem Which Allow an Arbitrary Starting Point, Dolf A.J.J Talman and Ludo Van der Heyden

Schumpeterian Dynamics I. An Evolutionary Model of Innovation and Imitation, Katsuhito Iwai

Schumpeterian Dynamics II. Technological Progress, Firm Growth and ‘Economic Selection', Katsuhito Iwai

The Conventionally Stable Sets in Noncooperative Games with Limited Observations: Definitions and Introductory Arguments, Mamoru Kaneko

The Optimal Progressive Income Tax — The Existence and the Limit Tax Rates, Mamoru Kaneko

On the Infinite Welfare Cost of Inflation and Other Second Order Effects, Christophe Chamley

Approximate Equilibria with Bounds Independent of Preferences, Robert M. Anderson, M. Ali Khan, and Salim Rashid

Arbitrage Pricing Theory in a Finite Economy, John J. Beggs

Estimated Effects of Relative Prices on Trade Shares, Ray C. Fair

Efficient Stationary Taxation and Intertemporal General Equilibrium, Christophe Chamley and Douglas Downing

Mandatory Retirement Saving and Capital Formation, Walter Dolde and James Tobin

Market Structure in the ‘Research and Development’ Phase, John J. Beggs

Estimated Output, Price, Interest Rate, and Exchange Rate Linkages Among Countries, Ray C. Fair

Interest Rate Policies and Informational Efficiency, Laurence Weiss

Ratio Equilibrium in an Economy with an Externality, Yozo Ito and Mamoru Kaneko

Strong Core Theorems with Nonconvex Preferences, Robert M. Anderson

The Dynamic Interaction between Industry Level Profits and Research and Development, John J. Beggs

An Empirical Note on the Disposition of U.S. Corporations to Undertake Research and Development Expenditures, John J. Beggs

Cake Slicing and Revealed Government Preference, John J. Beggs and Samuel Strong

Existence of Equilibrium in a Hyperfinite Exchange Economy: I and II, Donald J. Brown and Lucinda M. Lewis

Marginal Cost Pricing, Taxation and Subsidies in Urban Transport, John J. Beggs

Properties of Manipulative Government Forecasts, John J. Beggs

The Demand for Telephone Services in Australia and the Welfare Implications of Alternative Pricing Policies, John J. Beggs

Core Theory with Strongly Convex Preferences, Robert M. Anderson

Duopoly with Differentiated Products and Entry Barriers, Kofi O. Nti and Martin Shubik

Equilibria of a Two-Person Non-Zero Sum Noisy Game of Timing, Carolyn Pitchik

Society, Land, Love or Money (A Strategic Model of How to Glue the Generations Together), Martin Shubik

### Submissions from 1980

On the Behavior of Inconsistent Instrumental Variable Estimators, Esfandiar Maasoumi and Peter C.B. Phillips

Additively Decompable Quasiconvex Functions, Gerard Debreu and Tjalling C. Koopmans

A Market Value Approach to Approximate Equilibria, Robert M. Anderson

Characteristic Functions and the Tail Behavior of Probability Distributions, Peter C.B. Phillips

Housing Market with Indivisibility, Mamoru Kaneko

National Savings, Economic Welfare, and the Structure of Taxation, Alan J. Auerbach and Laurence Kotlikoff

On the Consistency of Non-Linear FIML, John J. Beggs

Person Game, Ludo Van der Heyden

The Adequacy of Savings, Laurence Kotlikoff, Avia Spivak, and Lawrence H. Summers

A Necessary and Sufficient Condition for the Nonemptiness of the Cores of Partitioning Games, Mamoru Kaneko

Solution and Maximum Likelihood Estimation of Dynamic Nonlinear Rational Expectations Models, Ray C. Fair and John B. Taylor

The Central Assignment Game and the Assignment Markets, Mamoru Kaneko

Thinking About Carbon Dioxide: Theoretical and Empirical Aspects of Optimal Control Strategies, William D. Nordhaus

Best Uniform Approximation to Probability Densities in Econometrics, Peter C.B. Phillips

Distribution, Peter C.B. Phillips

On a Lemma of Amemiya, Peter C.B. Phillips

Heterogeneous Information and the Theory of the Business Cycle, Sanford Grossman and Laurence Weiss

Perfect or Robust Noncooperative Equilibrium: A Search for the Philosophers Stone?, Martin Shubik

Extension of a Dynamical Model of Political Equilibrium, Gerald H. Kramer

Intergenerational Political Economy (A Game Theoretic Model of How to Glue the Generations Together), Martin Shubik

Policy Responses to the Productivity Slowdown, William D. Nordhaus

A Model of Output, Employment, Capital Formation and Inflation, R. W. Bailey, Viv B. Hall, and Peter C.B. Phillips

An Extension of the Nash Bargaining Problem: Introducing Time-Related Bargaining Costs, Zvi A. Livne

Incentive Arbitration and Time-Related Bargaining Costs, Zvi A. Livne

Linear Complementarity and the Degree of Mappings, Roger Howe

Optimal Intertemporal Taxation and the Public Debt, Christophe Chamley

The Welfare Cost of Capital Income Taxation in a Growing Economy, Christophe Chamley

A Model of U.S. Financial and Nonfinancial Economic Behavior, David Backus James Tobin, William C. Brainard, Gary Smith, and James Tobin

An Application of the KhachianShor Algorithm to a Class of Linear Complementary Problems, Ilan Adler, Richard P. McLean, and J. Scott Provan

Output Supply, Employment, and Intra-Industry Wage Dispersion, Philip H. Dybvig and Gerald David Jaynes

Weakly Democratic Regular Tax Equilibria in a Local Public Goods Economy with Perfect Consumer Mobility, Donald K. Richter

Exploitation and Class: Part II, Capitalist Economy, John E. Roemer

Inequality, Exploitation, Justice and Socialism: A Theoretical-Historical Approach, John E. Roemer

Rawlsian Justice as the Core of a Game, John E. Roemer and Roger Howe

### Submissions from 1979

A Multicountry Econometric Model, Ray C. Fair

A Multicountry Econometric Model, Ray C. Fair

Some Relationships between Discrete and Continuous Models of an Urban Economy, Richard P. McLean and Thomas J. Muench

On the Tendency Toward Convexity of the Vector Sum of Sets, Roger Howe

An Algorithm for FIML and 3SLS Estimation of Large Nonlinear Models, William R. Parke

Morse Programs, Okitsugu Fujiwara

The Spending Behavior of Wealth- and Liquidity-Constrained Consumers, Kim Kowalewski and Gary Smith

Competitive Bidding and Proprietary Information, Richard Engelbrecht-Wiggans and Robert J. Weber

Disequilibrium Models of Financial Institutions, Gary Smith and William C. Brainard

How Should We Revise Our Beliefs about Nuclear Power Safety after Three Mile Island?, William D. Nordhaus

Information Aggregation and Policy, Laurence Weiss

“On the Relation of Various Reliability Measures to Each Other and to Game Theoretic Values, Richard Engelbrecht-Wiggans and David R. Strip

Tax-Based Incomes Policies: A Better Mousetrap?, William D. Nordhaus

The Design of Distributed Service Systems, David R. Strip and Richard Engelbrecht-Wiggans

The Energy Crisis and Macroeconomic Policy, William D. Nordhaus

The ALEP Definition of Complementarity and Least Concave Utility Functions, Yakar Kannai

Most Convex Functions are Smooth, Roger Howe

Production Sets with Indivisibilities: Generalities and the Case of Two Variables, Herbert E. Scarf

Stochastic Games, Oligopoly Theory and Competitive Resource Allocation, Martin Shubik and Matthew J. Sobel

A Strategic Market Game with Price and Quantity Strategies, Pradeep Dubey and Martin Shubik

On the Non-Existence of Multiplicative Equilibrium Bidding Strategies, Richard Engelbrecht-Wiggans and Robert J. Weber

The Short-Run Macroeconomics of Floating Exchange Rates: An Exposition, James Tobin and Jorge B. de Macedo

An Even More Elementary ‘Calculus’ Proof of the Brouwer Fixed Point Theorem, Yakar Kannai

Full Information Estimates of a Nonlinear Macroeconometric Model, Ray C. Fair and William R. Parke

Price-Quantity Strategic Market Games, Pradeep Dubey

An Index Theorem for General Equilibrium Models with Production, Timothy J. Kehoe

Cooperative Game Solutions: Australian, Indian and U.S. Opinions, Martin Shubik

Value Theory without Efficiency, Pradeep Dubey, Abraham Neyman, and Robert J. Weber

Market Induced Welfare Optima, Rolf R. Mantel

Subjectivity in the Valuation of Games, Robert J. Weber

### Submissions from 1978

Fiscal and Monetary Policies, Capital Formation, and Economic Activity, Willem H. Buiter and James Tobin

A Model of Stochastic Equilibrium in a Quasi-Competitive Industry, John Sutton

An Estimate of the Uncertainty of Policy Effects in a Macro-economic Model, Ray C. Fair

Balance of Payments and the Foreign Exchange Market: A Dynamic Partial Equilibrium Model, Pentti J.K. Kouri

Finiteness and Inefficiency of Nash Equilibria, Pradeep Dubey

A Proposal for International Monetary Reform, James Tobin

Economics among the Sciences, Tjalling C. Koopmans

Equity, Efficiency and Increasing Returns, Donald J. Brown and Geoffrey M. Heal

Government Deficits and Capital Accumulation, James Tobin

Multiplicative Bidding and Convergence to Equilibrium, Richard Engelbrecht-Wiggans

Nash Equilibria of Market Games: II. Finiteness, Pradeep Dubey

The Capital Stock Modified Competitive Equilibrium, Martin Shubik

The Optimal Payment of Unemployment Insurance Benefits over Time, Steven Shavell and Laurence Weiss

A Model for the Distribution of the Number of Bidders in an Auction, Richard Engelbrecht-Wiggans

A Model of International Trade and Finance, Laurence Weiss

An Example of a Multi-Object Auction Game, Richard Engelbrecht-Wiggans

Auctions and Bidding Models: A Survey, Richard Engelbrecht-Wiggans

Auctions and Bidding Models: A Survey, Richard Engelbrecht-Wiggans

Bidding in Auctions with Multiplicative Lognormal Errors: An Example, Richard Engelbrecht-Wiggans

Comparison of Public Choice Systems, Robert J. Weber

Debt Neutrality: A Brief Review of Doctrine and Evidence, Willem H. Buiter and James Tobin

An Analysis of the Accuracy of Four Macroeconometric Models, Ray C. Fair

An Integrated Model of Household Flow-of-Funds Allocations, David Backus and Douglas D. Purvis

The Role for Active Monetary Policy in a Rational Expectations Model, Laurence Weiss

A Modeling System for Applied General Equilibrium Analysis, Thomas Rutherford

Profitability and Growth in a Small Open Economy, Pentti J.K. Kouri

A Note on the Saddlepoint Approximation in the First Order Non-Circular Autoregression, Peter C.B. Phillips

Exchange Rates and the International Adjustment Process, Pentti J.K. Kouri and Jorge B. de Macedo

Systems Defense Games: Colonel Blotto, Command and Control, Martin Shubik and Robert J. Weber

The Structure of Neutral Monotonic Social Functions, Julian H. Blau and Donald J. Brown

A Theory of Money and Financial Institutions. Part 37. The Profit Maximizing Firm: Managers and Stockholders, Pradeep Dubey and Martin Shubik

Competitive Valuation of Cooperative Games, Martin Shubik and Robert J. Weber

On ‘On the Foundations of the Theory of Monopolistic Competition', Pradeep Dubey and Martin Shubik

The Transition from Exhaustible to Renewable or Inexhaustible Resources, Tjalling C. Koopmans

A Model of the Jury Decision Process, Alvin K. Klevorick and Michael Rothschild

Estimating the Expected Predictive Accuracy of Econometric Models, Ray C. Fair

Myopic Economic Agents, Donald J. Brown and Lucinda M. Lewis

The Nucleolus as a Noncooperative Game Solution, Martin Shubik and H. P. Young

### Submissions from 1977

Modelling the Choice of Residential Location, Daniel McFadden

Game Theory Models and Methods in Political Economy, Martin Shubik

Nash Equilibria of Market Games: I. Existence and Convergence, Pradeep Dubey

Probabilistic Values for Games, Pradeep Dubey and Robert J. Weber

Probabilistic Values for Games, Pradeep Dubey and Robert J. Weber

Quantitative Methods for Analyzing Travel Behaviour of Individuals: Some Recent Developments, Daniel McFadden

The Computation of Equilibrium Prices: An Exposition, Herbert E. Scarf

The Effects of Money Supply on Economic Welfare in the Steady State, Laurence Weiss

Information Conditions, Communication and General Equilibrium, Pradeep Dubey and Martin Shubik

On Modeling the Economic Linkages Among Countries, Ray C. Fair

Sealed Bid Auctions with Non-Additive Bid Functions, Richard Engelbrecht-Wiggans

The Greedy Heuristic Applied to a Class of Set Partitioning and Subset Selection Problems, Richard Engelbrecht-Wiggans

The Long Run Implications of an IS-LM Simulation Model, Gary Smith

The Long Run Implications of a Two Sector Model with Immobile Capital, Gary Smith

A Theory of Money and Financial Institutions, Martin Shubik

Deficit Spending and Crowding Out in Shorter and Longer Runs, James Tobin

The Long Run Consequences of Monetary and Fiscal Policies When the Governments Budget Is Not Balanced, Gary Smith

An Analysis of a Macroeconometric Model with Rational Expectations in the Bond and Stock Markets, Ray C. Fair

Equilibrium and Disequilibrium Interpretations of the IS-LM Model, Gary Smith

How Dead is Keynes?, James Tobin

Modeling Technological Change: Use of Mathematical Programming Models in the Energy Sector, William D. Nordhaus and Ludo Van der Heyden

Monetary Policies and the Economy — The Transmission Mechanism, James Tobin

A Theory of Money and Financial Institutions. Part 22. A Price-Quantity Buy-Sell Market with and without Contingent Bids, Martin Shubik

A Model of the Balance of Payments, Ray C. Fair

An Observation on the Structure of Production Sets with Indivisibilities, Herbert E. Scarf

A Theory of Money and Financial Institutions. Part 36. The Money Rate of Interest (A Multiperiod Nonatomic Trading and Production Economy with Outside Money, Inside Money and Optimal Bankruptcy Rules), Pradeep Dubey and Martin Shubik

Policy Effects in a Model of the Balance of Payments, Ray C. Fair

An Extension of the Brown-Robinson Equivalence Theorem, Donald J. Brown and M. Ali Khan

A Shortrun Macroeconomic Model of an Open Economy, Gary Smith

A Theory of Money and Financial Institutions. Part 35. Bankruptcy and Optimality in a Closed Trading Mass Economy Modelled As a Noncooperative Game, Pradeep Dubey and Martin Shubik

Logrolling and Budget Allocation Games, Martin Shubik and Ludo Van der Heyden

Noncooperative Exchange with a Continuum of Traders, Pradeep Dubey and Lloyd S. Shapley

The Sensitivity of Fiscal-Policy Effects to Assumptions about the Behavior of the Federal Reserve, Ray C. Fair

What is the Value of Advanced Nuclear Power?, William D. Nordhaus

Can the Government Affect Real Output?: A Critique of Models with Rational Expectations, Ray C. Fair

Strategies for the Control of Carbon Dioxide, William D. Nordhaus

### Submissions from 1976

A Theory of Money and Financial Institutions. Part 33. On the Value of Market Information, Martin Shubik

Probabilistic Generalizations of the Shapley Value, Pradeep Dubey

Wages, the Terms of Trade, and the Exchange Rate Regime, Douglas D. Purvis

A Note on the Computation of the Tobit Estimator, Ray C. Fair

A Theory of Extramarital Affairs, Ray C. Fair

Economic Growth and Climate: The Carbon Dioxide Problem, William D. Nordhaus

Price Information and the Economics of Consumerism: A Model of Stochastic Equilibrium, John Sutton

A Model of Insurance Markets with Asymmetric Information, Charles A. Wilson

A Closed Economic System with Production and Exchange Modelled as a Game of Strategy, Pradeep Dubey and Martin Shubik

A Dynamic Economy with Shares, Fiat, Bank and Accounting Money, Joseph J.M. Evers and Martin Shubik

A Model of the World Economy, Ray C. Fair

A Short-Run Two-Commodity Macroeconomic Model, Gary Smith and William Starnes

Asset Markets and the Cost of Capital, James Tobin and William C. Brainard

The Linear Exchange Model and Induced Welfare Optima, Rolf R. Mantel

A Theory of Money and Financial Institutions. Part 28. The Noncooperative Equilibria of a Closed Trading Economy with Market Supply and Bidding Strategies, Pradeep Dubey and Martin Shubik

A Theory of Money and Financial Institutions. Part 30 (revised). The Optimal Bankruptcy Rule in a Trading Economy Using Fiat Money, Martin Shubik and Charles A. Wilson

Concepts of Optimality and Their Uses, Tjalling C. Koopmans

On Disequilibrium Economic Dynamics. Part IV. The Theory of Long-Run Phillips Curve, Katsuhito Iwai

A Theory of Money and Financial Institutions. Part 26. On the Number of Types of Markets with Trade in Money, Martin Shubik

A Theory of Money and Financial Institutions. Part 27. Beyond General Equilibrium, Martin Shubik

Inflation Theory and Policy, William D. Nordhaus

On a General Approach to Optimality in Game Theory, Eduardas Vilkas

The Effects of Economic Events on Votes for President, Ray C. Fair

The Use of Optimal Control Techniques to Measure Economic Performance, Ray C. Fair

### Submissions from 1975

A General Equilibrium Model of World Trade. Part II. The Empirical Specification, Victor Ginsburgh and Jean Waelbroeck

A Theory of Money and Financial Institutions. Part 25. A Closed Economy with Exogenous Uncertainty, Different Levels of Information, Money, Futures and Spot Markets, Pradeep Dubey and Martin Shubik

A General Equilibrium Model of World Trade. Part I. Full Format Computation of Economic Equilibria, Victor Ginsburgh and Jean Waelbroeck

A Theory of Money and Financial Institutions. Part 24. Trade and Prices in a Closed Economy with Exogenous Uncertainty, Different Levels of Information, Money and No Futures Markets, Pradeep Dubey and Martin Shubik

Implications of Microeconomic Theory for Community Excess Demand Functions, Rolf R. Mantel

On Disequilibrium Economic Dynamics. Part III. A Keynesian Theory of Money Wage Adjustment, Katsuhito Iwai

Examples of Production Relations Based on Microdata, Tjalling C. Koopmans

The Influence of Interest Rates on Resource Prices, Geoffrey M. Heal

Price Taking or Price Making Behavior: An Alternative to Full Cost Price Functions, Victor Ginsburgh and Israel Zang

The Demand for Energy: An International Perspective, William D. Nordhaus

The Estimation of a Dynamic Equation Following A Preliminary Test for Autocorrelation, Jon K. Peck

The Value of a Nonstandard Competitive Allocation, Donald J. Brown and Peter A. Loeb

A Control Variable Investigation of the Properties of Autoregressive Instrumental Variables Estimators for Dynamic Systems, David F. Hendry and Frank Srba

A Critical Analysis of Ridge Regression, Frank Campbell and Gary Smith

Invariant Competitive Equilibrium in an Infinity-Horizon Economy with Negotiable Shares, Joseph J.M. Evers

On Controlling the Economy to Win Elections, Ray C. Fair

Testing Dynamic Specification in Small Simultaneous Systems: An Application to a Model of Building Society Behavior in the United Kingdom, David F. Hendry and Gordon J. Anderson

The Limiting Distribution of Inconsistent Instrumental Variables Estimators in a Class of Stationary Stochastic Systems, David F. Hendry

A Dynamical Model of Political Equilibrium, Gerald H. Kramer

A Theory of Money and Financial Institutions. Part 21. Fiat Money, Bank Money, The Float and the Money Rate of Interest, Martin Shubik

A Duality Theory for Convex Infinite-Horizon Programming, Joseph J.M. Evers

Collective Rationality, Donald J. Brown

Acyclic Aggregation over Finite Sets of Alternatives, Donald J. Brown

A Finite Algorithm for the Linear Exchange Model, B. Curtis Eaves

Oligopoly, Theory, Communication and Information, Martin Shubik

The Solution of Systems of Piecewise Linear Equations, B. Curtis Eaves and Herbert E. Scarf

Keynesian Models of Recession and Depression, James Tobin

### Submissions from 1974

Long Run Effects of Fiscal and Monetary Policy on Aggregate Demand, James Tobin and Willem H. Buiter

Multicollinearity and Forecasting, Gary Smith

On Disequilibrium Economic Dynamics. Part I. Microfoundations of Wicksellian Disequilibrium Dynamics, Katsuhito Iwai

Information in Estimating a Financial Model, Gary Smith and William C. Brainard

A Theory of Money and Financial Institutions. Part XVI. Mathematical Models for a Theory of Money and Financial Institutions, Martin Shubik

Competitive Equilibrium Contingent Commodities and Information, Martin Shubik

Further Notes on the Misuse of R2, Gary Smith

Global Analysis and Economics VI. Geometric Analysis of Pareto Optima and Price Equilibria under Classical Hypotheses, Steve Smale

Okun's Law Revisited, Gary Smith

Fiscal Capacity, Equalization and Public Expenditure for Education, Susan J. Lepper

Equilibrium Wage Distributions, Joseph E. Stiglitz

The Walrasian and Von Neumann Equilibria: A Comparison, Jerzy Los and Maria Wycech-Los

Transactions Technology and the Use of Intermediary Agents, Ross M. Starr

A Theory of Money and Financial Institutions. Part XV. A Trading Model to Avoid Tatonnement Metaphysics, Martin Shubik

On the Role of Numbers and Information in Competition, Martin Shubik

The Moments of the 3SLS Estimates of the Structural Coefficients of a Simultaneous Equation Model, J. D. Sargan

Towards Keynesian Micro-Dynamics of Price, Wage, Sales and Employment, Katsuhito Iwai

A Theory of Money and Financial Institutions. Part XVII. On the Eight Basic Units of a Dynamic Economy with Spot and Futures Markets, Martin Shubik

### Submissions from 1973

A Theory of Money and Financial Institutions. Part XIII. Trade With Spot Markets, Fiat Money and Internal Banking, Martin Shubik

Regulation of Natural Monopolies and the Fair Rate of Return, Hayne E. Leland

Production Theory and the Stock Market, Hayne E. Leland

Acyclic Choice, Donald J. Brown

The General Equilibrium Model with Joint Ownership of the Corporation (Voting Stock and the Core), Martin Shubik

Voting, Preference Orderings and Cooperative Games, Martin Shubik

Some Problems of Centralized Economy, N. N. Noiseev and A. G. Schmidt

Alternative Theories of Wage Determination and Unemployment in L.D.C.’s: II. The Efficiency Wage Model, Joseph E. Stiglitz

Fiat Money in an Economy with One Nondurable Good and No Credit (A Noncooperative Sequential Game), Martin Shubik and Ward Whitt

Incentives and Risk-Sharing in Sharecropping, Joseph E. Stiglitz

Some Observations on ‘Optimal’ Economic Growth and Exhaustible Resources, Tjalling C. Koopmans

The Theory of ‘Screening’, Education, and the Distribution of Income, Joseph E. Stiglitz

Game Theory and Political Science, Martin Shubik

A Note on the Shape of the Pareto Optimal Surface, Gordon H. Bradley and Martin Shubik

Money and the Decentralization of Exchange, Joseph M. Ostroy and Ross M. Starr

### Submissions from 1972

Technological Development and Employment, James Tobin

Information, Duopoly and Competitive Markets: A Sensitivity Analysis, Martin Shubik

Input Quality, Obsolescence and Unemployment, J. Kirker Stephens

Social Choice on Pollution Management: The Genossenschaften, Alvin K. Klevorick and Gerald H. Kramer

Existence of a “Local” Cooperative Equilibrium in a Class of Voting Games, Gerald H. Kramer and Alvin K. Klevorick

Existence of a Competitive Equilibrium in a Nonstandard Exchange Economy, Donald J. Brown

Some Further Results on the Measurement of Inequality, Michael Rothschild and Joseph E. Stiglitz

Voting Behavior and Aggregate Policy Targets, Susan J. Lepper

Alternative Theories of Wage Determination and Unemployment in L.D.C.’s: I. The Labor Turn-Over Model, Joseph E. Stiglitz

A Theory of Money and Financial Institutions. Part IX. Competitive and Controlled Price Economies: The Arrow-Debreu Model Revisited, Martin Shubik

A Theory of Money and Financial Institutions. Part VIII. Transactions Costs in a Market Economy, Martin Shubik

A Theory of Money and Financial Institutions. Part VI. The Rate of Interest, Noncooperative Equilibrium and Bankruptcy, Lloyd S. Shapley and Martin Shubik

A Theory of Money and Financial Institutions. Part V. The Rate of Interest on Fiat Money in a Closed Economy, Martin Shubik

Benefit-Cost Analysis and Trade Policies, Partha Dasgupta and Joseph E. Stiglitz

On the Irrelevance of Corporate Financial Policy, Joseph E. Stiglitz

Political Business Cycle, William D. Nordhaus

Notes on Transactions Costs and the Analysis of Microeconomic Theory, Ross M. Starr

A Theory of Money and Financial Institutions. Part IV. Fiat Money and Noncooperative Equilibrium in a Closed Economy, Martin Shubik

A Theory of Money and Financial Institutions. Part VII. Money, Trust and Equilibrium Points in Games in Extensive Form, Martin Shubik

The Effect of Inflation on the Distribution of Economic Welfare, William D. Nordhaus

A General Equilibrium Calculation of the Effects of Differential Taxation of Income from Capital in the U.S., John B. Shoven and John Whalley

The Cores of Large Standard Exchange Economies, Donald J. Brown and Abraham Robinson

The Marginal Revolution After One Hundred Years, Ronald G. Bodkin

### Submissions from 1971

Alternative Management of Common Property Resources under Free Access and Private Ownership, Martin L. Weitzman

A New Measure of Income From Wealth, Donald A. Nichols

A Theory of Money and Financial Institutions. Part I. The General Approach Adopted, Martin Shubik

Is Growth Obsolete?, William D. Nordhaus and James Tobin

Competitive Equilibrium and Game Theory Solutions: Part I. The Core and Value, Lloyd S. Shapley and Martin Shubik

Duality Theory of Convex Programming for Infinite Horizon Economic Models, Martin L. Weitzman

On the Scope of Gaming, Martin Shubik

Summary Comment, James Tobin

Wealth, Liquidity, and the Propensity to Consume, James Tobin

On the Definition and Computation of a Capital Stock Invariant under Optimization, Terje Hansen and Tjalling C. Koopmans

Systems of Indirect Management in a Planned Economy: Effectiveness Models and Their Applications in Poland, Witold Trzeciakowski

Friedman's Theoretical Framework, James Tobin

The Price of Money in a Pure Exchange Monetary Economy, Ross M. Starr

Wealth, Liquidity, and Consumption, Walter Dolde and James Tobin

Nonstandard Exchange Economies, Donald J. Brown and Abraham Robinson

An Estimate of Racial Discrimination in Rental Housing, Thomas King and Peter M. Mieszkowski

On Transitions Between Steady States, Joseph E. Stiglitz

### Submissions from 1970

Taxation, Risk-Taking, and the Allocation of Investment in a Competitive Economy, Joseph E. Stiglitz

The Property Tax: An Excise Tax or a Profits Tax?, Peter M. Mieszkowski

Equilibrium and Demand for Media of Exchange in a Pure Exchange Economy with Transactions Costs, Ross M. Starr

On Durbin's Test for Serial Correlation in Distributed Lag Models, G. S. Maddala and A. S. Rao

On the Asymptotic Properties of Certain Two-Step Procedures Commonly Used in the Estimation of Distributed Lag Models, David M. Grether and G. S. Maddala

The Badly Behaved Economy with the Well Behaved Production Function, Joseph E. Stiglitz

Differential Taxation, Public Goods, and Economic Efficiency, Joseph E. Stiglitz and Partha Dasgupta

Non-Linear Time Series Regression, E. J. Hannan

An Econometric Model of Postwar Japan, Fumimasa Hamada

Recent Developments in Price Dynamics, William D. Nordhaus

Duopoly with Price and Quantity as Strategic Variables, Richard E. Levitan and Martin Shubik

Price Duopoly and Capacity Constraints, Richard E. Levitan and Martin Shubik

The Structure of Exchange in Barter and Monetary Economies, Ross M. Starr

Aggregation and Disaggregation in the Pure Theory of Capital and Growth: A New Parable, Martin L. Weitzman

Food Prices in Relation to Income Levels in New York City, Roger E. Alcaly and Alvin K. Klevorick

On the Existence of a Cooperative Solution for a General Class of N-Person Games, Herbert E. Scarf

The Estimation of Mixed Regression, Autoregression, Moving Average and Distributed Lag Models, D. F. Nichols

Time Series Regression with Linear Constraints, E. J. Hannan and R. D. Terrell

Pecuniary Externalities: A Game Theoretic Analysis, Martin Shubik

### Submissions from 1969

Investment, Savings and Employment in the Long-Run, David M.C. Newbery and A. B. Atkinson

Material Balances under Uncertainty, Martin L. Weitzman

On a Class of Equilibrium Conditions for Majority Rule, Gerald H. Kramer

An Analysis of the Importance of the Malleable Capital Assumption in Optimal Growth Models, David M.C. Newbery

Distributed Lags, Prediction, and Signal Extraction, David M. Grether

Borrowing-Lending Interest Rate Differentials and the Time Allocation of Consumption, Thayer H. Watkins

Economic Aspects of Information, Luigi M. Tomasini

Money and Income: Post Hoc Ergo Propter Hoc?, James Tobin

The Choice of Techniques in a Dual Economy, David M.C. Newbery

A Fixed Point Algorithm for Approximating the Optimal Solution of a Concave Programming Problem, Terje Hansen

An Example of an Algorithm for Calculating General Equilibrium Prices, Herbert E. Scarf

Game Theory, Behavior and the Paradox of the Prisoners Dilemma — 3 Solutions, Martin Shubik

Increasing Risk: A Definition and Its Economic Consequences, Michael Rothschild and Joseph E. Stiglitz

Price Variation Duopoly with Differentiated Products and Random Demand, Richard E. Levitan and Martin Shubik

A Note on a Variance-Components Model Useful in the Study of Cross-Sections over Time, Marc Nerlove

On the Applications of a Recent Combinatorial Algorithm, Terje Hansen and Herbert E. Scarf

Optimal Growth with Scale Economies in Overhead Capital, Martin L. Weitzman

Comparison of k-Class Estimators When the Disturbances Are Small, Joseph B. Kadane

Risk Aversion Over Time and a Capital-Budgeting Problem, Alvin K. Klevorick

Shiftable vs. Non-Shiftable Capital: A Synthesis, Martin L. Weitzman