Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica - Volume 42

Issue 1

[Photograph]: Roy Radner, President of the Econometric Society, 1973; First Vice-President of the Econometric Society, 1972; Second Vice-President of the Econometric Society, 1971

Log In To View Full Content

Back Matter

Log In To View Full Content

Front Matter

Log In To View Full Content

Volume Information

Log In To View Full Content

Equilibrium in a Finite Sequence of Markets with Transaction Cost

Mordecai Kurz
p. 1-20

Log In To View Full Content Abstract

Information-Improvement Functions

Bhu Dev Sharma, Ram Autar
p. 103-112

Log In To View Full Content Abstract

Estimation and Prediction from Aggregate Data when Aggregates are Measured More Accurately than Their Components

D. J. Aigner, S. M. Goldfeld
p. 113-134

Log In To View Full Content

Specification of the Disturbance for Efficient Estimation

Robert F. Engle
p. 135-146

Log In To View Full Content Abstract

Quality, Commodity Hierarchies, and Housing Markets

James L. Sweeney
p. 147-168

Log In To View Full Content Abstract

The Validity of Nagar's Expansion for the Moments of Econometric Estimators

J. D. Sargan
p. 169-176

Log In To View Full Content Abstract

Methods of Estimation for Markets in Disequilibrium: A Further Study

Harry H. Kelejian, Ray C. Fair
p. 177-190

Log In To View Full Content Abstract

Large Sample Theory of Some Measures of Income Inequality

Joseph L. Gastwirth
p. 191-196

Log In To View Full Content Abstract

Notes and Comments: Negative Quasi-Definiteness and the Global Stability of General Equilibrium

Roger H. Gordon
p. 197-198

Log In To View Full Content

Notes and Comments: The Existence of Optimal Price Vectors in the General Balanced-Growth Model of Gale

A. L. Soyster
p. 199-206

Log In To View Full Content

Notes and Comments: On the Form of Market Demand Functions

J. Case
p. 207-210

Log In To View Full Content

The Stability of Edgeworth's Recontracting Process

Jerry R. Green
p. 21-34

Log In To View Full Content Abstract

Notes and Comments: A Note on Theil's Test for Linearity of Regression

Myles Hollander
p. 211-214

Log In To View Full Content

Accepted Manuscripts

p. 215-215

Log In To View Full Content

News Notes

p. 215-216

Log In To View Full Content

Unpublished Research Memoranda

p. 217-218

Log In To View Full Content

Bibliographical Note

J. Koerts, R. Teekens
p. 219-219

Log In To View Full Content

Erratum: Theory of Consumer Behavior when Prices Enter the Utility Function

Peter J. Kalman
p. 219-219

Log In To View Full Content

Recontracting Stability

Allan M. Feldman
p. 35-44

Log In To View Full Content Abstract

The Price of Money in a Pure Exchange Monetary Economy with Taxation

Ross M. Starr
p. 45-54

Log In To View Full Content Abstract

A Metric Structure Derived from Subjective Judgments: Scaling Under Perfect and Imperfect Discrimination

Robert Bartoszynski
p. 55-72

Log In To View Full Content Abstract

The Estimation of Income and Substitution Effects in a Model of Family Labor Supply

James Heckman, Orley Ashenfelter
p. 73-86

Log In To View Full Content Abstract

Some Empirical Evidence on the Decreasing Scale Elasticity

Vidar Ringstad
p. 87-102

Log In To View Full Content Abstract

Issue 2

Back Matter

Log In To View Full Content

Front Matter

Log In To View Full Content

Non-Cooperative Equilibria in Time-Dependent Supergames

James W. Friedman
p. 221-238

Log In To View Full Content Abstract

Voting Anomalies, the Number of Voters, and the Number of Alternatives

Jerry S. Kelly
p. 239-252

Log In To View Full Content Abstract

Optimal Consumption with a Stochastic Income Stream

Bruce L. Miller
p. 253-266

Log In To View Full Content Abstract

Necessary Conditions for Optimal Control Problems with Infinite Horizons

Hubert Halkin
p. 267-272

Log In To View Full Content Abstract

Horizon in a Simple Model of Economic Growth

Emmett Keeler
p. 273-278

Log In To View Full Content Abstract

Dynamic Oligopoly with Inventories

Alan P. Kirman, Matthew J. Sobel
p. 279-288

Log In To View Full Content Abstract

Product Durability under Monopoly and Competition

Morton I. Kamien, Nancy L. Schwartz
p. 289-302

Log In To View Full Content Abstract

The Asymptotic Distribution of Forecasts in the Dynamic Simulation of an Econometric Model

Peter Schmidt
p. 303-310

Log In To View Full Content Abstract

A Comparison of Some Limited Information Estimators for Dynamic Simultaneous Equations Models with Autocorrelated Errors

D. Cummins, Phoebus J. Dhrymes, R. Berner
p. 311-332

Log In To View Full Content Abstract

Bounds on the Variance of Regression Coefficients Due to Heteroscedastic or Autoregressive Errors

H. D. Vinod, S. T. Sathe
p. 333-340

Log In To View Full Content Abstract

The Analysis of Consumer Demand in the United Kingdom, 1900-1970

Angus S. Deaton
p. 341-368

Log In To View Full Content Abstract

Application of Random Coefficient Regression Models to the Aggregation Problem

K. R. Akkina
p. 369-376

Log In To View Full Content Abstract

Education and the Decision to Migrate: An Econometric Analysis of Migration in Venezuela

Mildred B. Levy, Walter J. Wadycki
p. 377-388

Log In To View Full Content Abstract

Pooling as a Specification Error--A Note

Meghnad Desai
p. 389-391

Log In To View Full Content

Accepted Manuscripts

p. 392-392

Log In To View Full Content

Issue 3

Back Matter

Log In To View Full Content

Front Matter

Log In To View Full Content

Towards an Economic Theory of Replacement Investment

Martin S. Feldstein, Michael Rothschild
p. 393-424

Log In To View Full Content Abstract

An Axiomatic Characterization of the Price Mechanism

Hugo Sonnenschein
p. 425-434

Log In To View Full Content Abstract

Price Distortion and Potential Welfare

Kunio Kawamata
p. 435-460

Log In To View Full Content Abstract

Power, the Economic Environment, and Social Choice

Rubin Saposnik
p. 461-470

Log In To View Full Content Abstract

The Hahn Process with Firms but No Production

Franklin M. Fisher
p. 471-486

Log In To View Full Content Abstract

Recursively Decentralized Decision Making

Charles Blackorby, Daniel Primont, David Nissen, R. Robert Russell
p. 487-496

Log In To View Full Content Abstract

Intertemporal Consumer Theory and the Demand for Durables

W. E. Diewert
p. 497-516

Log In To View Full Content

Random Parameters in a Simultaneous Equation Framework: Identification and Estimation

H. H. Kelejian
p. 517-528

Log In To View Full Content Abstract

Alternative Tests of Independence between Stochastic Regressors and Disturbances: Finite Sample Results

e-Min Wu
p. 529-546

Log In To View Full Content

Three Stage Least Squares and Some Extensions where the Structural Disturbance Covariance Matrix May Be Singular

R. H. Court
p. 547-558

Log In To View Full Content Abstract

Stochastic Specification in an Aggregate Demand Model of the United Kingdom

David F. Hendry
p. 559-578

Log In To View Full Content Abstract

A General Procedure for Obtaining Maximum Likelihood Estimates in Generalized Regression Models

J. Kmenta, W. Oberhofer
p. 579-590

Log In To View Full Content Abstract

Notes and Comments: The Algebraic Equivalence of the Oberhofer-Kmenta and Theil-Boot Formulae for the Asymptotic Variance of a Characteristic Root of a Dynamic Econometric Model

Peter Schmidt
p. 591-592

Log In To View Full Content

Notes and Comments: Saddlepoint in Homogeneous Programming without Slater Condition

Paul V. Moeseke
p. 593-596

Log In To View Full Content

Notes and Comments: A Note on the Efficient Estimation of the New Measures of Income Inequality

N. C. Kakwani
p. 597-600

Log In To View Full Content

Notes and Comments: Use of the Chow Test under Heteroscedasticity

Toshihisa Toyoda
p. 601-608

Log In To View Full Content

Accepted Manuscripts

p. 609-609

Log In To View Full Content

News Note

p. 609-609

Log In To View Full Content

Issue 4

Back Matter

Log In To View Full Content

Front Matter

Log In To View Full Content

Marx in the Light of Modern Economic Theory

Michio Morishima
p. 611-632

Log In To View Full Content Abstract

Some Remarks on the Core of a "Large" Economy

M. Ali Khan
p. 633-642

Log In To View Full Content Abstract

The Topology of Pareto-Optimal Regions with Public Goods

Milton C. Weinstein, Richard J. Zeckhauser
p. 643-666

Log In To View Full Content Abstract

The Capacity of the Smithies Model to Explain the Growth Trend by Endogenous Forces

Joachim Dorfner, Jurgen Kromphardt
p. 667-678

Log In To View Full Content Abstract

Shadow Prices, Market Wages, and Labor Supply

James Heckman
p. 679-694

Log In To View Full Content

Impossibility Theorems without the Social Completeness Axiom

Peter C. Fishburn
p. 695-704

Log In To View Full Content Abstract

Equilibrium and Stability

M. G. Allingham
p. 705-716

Log In To View Full Content Abstract

An Experimental Study of Structural Estimators and Test Statistics Associated with Dynamical Econometric Models

D. H. Richardson, R. J. Rohr, R. L. Basmann
p. 717-730

Log In To View Full Content Abstract

Identifiability in Linear Models

J. Richmond
p. 731-736

Log In To View Full Content

Asymptotic Minimum-MSE Prediction in the Cobb-Douglas Model with a Multiplicative Disturbance Term

Dennis J. Aigner
p. 737-748

Log In To View Full Content Abstract

The Exact Mean of the Two-Stage Least Squares Estimator of the Structural Parameters in an Equation Having Three Endogenous Variables

A. L. Nagar, Aman Ullah
p. 749-758

Log In To View Full Content Abstract

Notes and Comments: A Note on a Fair and Jaffee Model

Takeshi Amemiya
p. 759-762

Log In To View Full Content

Notes and Comments: Some Small Sample Properties of Durbin's Tests for Serial Correlation in Regression Models Containing Lagged Dependent Variables

James L. Kenkel
p. 763-770

Log In To View Full Content

Computer Algorithm: A Comment on Syminv: An Algorithm for the Inversion of a Positive Definite Matrix by the Cholesky Decomposition

J. Stewart
p. 771-771

Log In To View Full Content

Issue 5

Back Matter

Log In To View Full Content

Front Matter

Log In To View Full Content

Factor Substitution and Durability of Capital in a Two-Sector Putty-Clay Model

Hideyuki Adachi
p. 773-802

Log In To View Full Content Abstract

The Estimation of Some Continuous Time Models

P. C. B. Phillips
p. 803-823

Log In To View Full Content Abstract

Finite Sample Distributions Associated with Stochastic Difference Equations--Some Experimental Evidence

D. H. Richardson, R. J. Rohr, R. L. Basmann
p. 825-839

Log In To View Full Content Abstract

Some Small Sample Evidence on Tests of Significance in Simultaneous Equations Models

G. S. Maddala
p. 841-851

Log In To View Full Content Abstract

Testing a Subset of the Overidentifying Restrictions

Joseph B. Kadane
p. 853-867

Log In To View Full Content Abstract

Testing Structural Specification Using the Unrestricted Reduced Form

R. P. Byron
p. 869-883

Log In To View Full Content Abstract

Learning the Optimal Strategy in a Zero-Sum Game

Vincent P. Crawford
p. 885-891

Log In To View Full Content Abstract

Some Generalizations of Social Decisions under Majority Rule

Richard E. Wendell, Stuart J. Thorson
p. 893-912

Log In To View Full Content Abstract

The Nontransitive Consumer

Wayne J. Shafer
p. 913-919

Log In To View Full Content Abstract

On the Uniqueness of Competitive Equilibrium: Part II, Bounded Demand

I. F. Pearce, J. Wise
p. 921-932

Log In To View Full Content Abstract

Note sur le Noyau d'une Economie avec Production

Paul Champsaur
p. 933-946

Log In To View Full Content Abstract

Measurement of Conjectural Variations in Oligopoly

Gyoichi Iwata
p. 947-966

Log In To View Full Content Abstract

Accepted Manuscripts

p. 967-967

Log In To View Full Content

News Notes

p. 967-968

Log In To View Full Content

Unpublished Memoranda

p. 969-970

Log In To View Full Content

Unpublished Research Memoranda

p. 969-969

Log In To View Full Content

Issue 6

Back Matter

Log In To View Full Content

Front Matter

Log In To View Full Content

Maximum Likelihood Methods for Models of Markets in Disequilibrium

Forrest D. Nelson, G. S. Maddala
p. 1013-1030

Log In To View Full Content Abstract

Some Time and Frequency Domain Distributed Lag Estimators: A Comparative Monte Carlo Study

Robert A. Meyer, Thomas F. Cargill
p. 1031-1044

Log In To View Full Content Abstract

Voter Antagonism and the Paradox of Voting

Hiroaki Nagatani, Kiyoshi Kuga
p. 1045-1068

Log In To View Full Content Abstract

A Test of the "No Trade Off in the Long Run" Hypothesis

Alex Cukierman
p. 1069-1080

Log In To View Full Content Abstract

Short-Run Equilibrium and Stability in the Two-Sector Growth Model

Miltiades Chacholiades
p. 1081-1092

Log In To View Full Content Abstract

Money and the Decentralization of Exchange

Joseph M. Ostroy, Ross M. Starr
p. 1093-1114

Log In To View Full Content Abstract

A Convenient Descriptive Model of Income Distribution: The Gamma Density

A. B. Z. Salem, T. D. Mount
p. 1115-1128

Log In To View Full Content Abstract

Notes and Comments: A Note on Preference Aggregation

H. P. Young
p. 1129-1132

Log In To View Full Content

Notes and Comments: A General Formulation of the Lechatelier-Samuelson Principle: A Comment

Donald Watson
p. 1133-1134

Log In To View Full Content

Accepted Manuscripts

p. 1135-1135

Log In To View Full Content

Errors in Variables and Other Unobservables

Zvi Griliches
p. 971-998

Log In To View Full Content Abstract

Multivariate Regression and Simultaneous Equation Models when the Dependent Variables Are Truncated Normal

Takeshi Amemiya
p. 999-1012

Log In To View Full Content Abstract