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 80

Issue 1

Frontmatter of Econometrica Vol. 80 Iss. 1

p. i-ii

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Timing and Self‐Control

Drew Fudenberg, David K. Levine
p. 1-42

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One Person, Many Votes: Divided Majority and Information Aggregation

Laurent Bouton, Micael Castanheira
p. 43-87

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Combinatorial Voting

David S. Ahn, Santiago Oliveros
p. 89-141

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Inference of Signs of Interaction Effects in Simultaneous Games With Incomplete Information

Áureo de Paula, Xun Tang
p. 143-172

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One‐Dimensional Inference in Autoregressive Models With the Potential Presence of a Unit Root

Anna Mikusheva
p. 173-212

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Inference in Nonparametric Instrumental Variables With Partial Identification

Andres Santos
p. 213-275

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Estimation of Nonparametric Conditional Moment Models With Possibly Nonsmooth Generalized Residuals

Xiaohong Chen, Demian Pouzo
p. 277-321

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Stability and Preference Alignment in Matching and Coalition Formation

Marek Pycia
p. 323-362

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Definable and Contractible Contracts

Michael Peters, Balázs Szentes
p. 363-411

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On the Asymptotic Optimality of Empirical Likelihood for Testing Moment Restrictions

Yuichi Kitamura, Andres Santos, Azeem M. Shaikh
p. 413-423

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Folklore Theorems, Implicit Maps, and Indirect Inference

Peter C. B. Phillips
p. 425-454

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Announcements

p. 455-456

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Forthcoming Papers

p. 457-457

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Report of the Secretary

p. 459-467

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Report of the Treasurer

p. 469-475

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Report of the Editors 2010–2011

p. 477-480

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Econometrica Referees 2010–2011

p. 481-489

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Report of the Editors of the Monograph Series

p. 491-493

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Submission of Manuscripts to the Econometric Society Monograph Series

p. 495-495

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Backmatter of Econometrica Vol. 80 Iss. 1

p. iii-v

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Issue 2

Frontmatter of Econometrica Vol. 80 Iss. 2

p. i-ii

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The Distributive Impact of Reforms in Credit Enforcement: Evidence From Indian Debt Recovery Tribunals

Ulf von Lilienfeld‐Toal, Dilip Mookherjee, Sujata Visaria
p. 497-558

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Ambiguity, Learning, and Asset Returns

Nengjiu Ju, Jianjun Miao
p. 559-591

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Task Trade Between Similar Countries

Gene M. Grossman, Esteban Rossi‐Hansberg
p. 593-629

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Higher Order Uncertainty and Information: Static and Dynamic Games

Antonio Penta
p. 631-660

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When Are Local Incentive Constraints Sufficient?

Gabriel Carroll
p. 661-686

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Price Inference in Small Markets

Marzena Rostek, Marek Weretka
p. 687-711

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Efficient Semiparametric Estimation of the Fama–French Model and Extensions

Gregory Connor, Matthias Hagmann, Oliver Linton
p. 713-754

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Bayesian and Frequentist Inference in Partially Identified Models

Hyungsik Roger Moon, Frank Schorfheide
p. 755-782

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Mixed Hitting‐Time Models

Jaap H. Abbring
p. 783-819

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Strict Stationarity Testing and Estimation of Explosive and Stationary Generalized Autoregressive Conditional Heteroscedasticity Models

Christian Francq, Jean‐Michel Zakoïan
p. 821-861

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Vote‐Buying and Reciprocity

Frederico Finan, Laura Schechter
p. 863-881

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Clocks and Trees: Isomorphic Dutch Auctions and Centipede Games

James C. Cox, Duncan James
p. 883-903

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Announcements

p. 905-907

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Forthcoming Papers

p. 909-909

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Backmatter of Econometrica Vol. 80 Iss. 2

p. iii-v

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Issue 3

Frontmatter of Econometrica Vol. 80 Iss. 3

p. i-ii

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Dynamic Valuation Decomposition Within Stochastic Economies

Lars Peter Hansen
p. 911-967

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Bounds on Elasticities With Optimization Frictions: A Synthesis of Micro and Macro Evidence on Labor Supply

Raj Chetty
p. 969-1018

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The Costs of Environmental Regulation in a Concentrated Industry

Stephen P. Ryan
p. 1019-1061

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Does Industrial Composition Matter for Wages? A Test of Search and Bargaining Theory

Paul Beaudry, David A. Green, Benjamin Sand
p. 1063-1104

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The Realized Laplace Transform of Volatility

Viktor Todorov, George Tauchen
p. 1105-1127

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Set Identified Linear Models

Christian Bontemps, Thierry Magnac, Eric Maurin
p. 1129-1155

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Testing for Smooth Structural Changes in Time Series Models via Nonparametric Regression

Bin Chen, Yongmiao Hong
p. 1157-1183

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Dynamic Competition With Random Demand and Costless Search: A Theory of Price Posting

Raymond Deneckere, James Peck
p. 1185-1247

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Endogenous Completeness of Diffusion Driven Equilibrium Markets

J. Hugonnier, S. Malamud, E. Trubowitz
p. 1249-1270

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Costly Self‐Control and Random Self‐Indulgence

Eddie Dekel, Barton L. Lipman
p. 1271-1302

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On the Smooth Ambiguity Model: A Reply

Peter Klibanoff, Massimo Marinacci, Sujoy Mukerji
p. 1303-1321

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Announcements

p. 1323-1325

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Forthcoming Papers

p. 1327-1327

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2011 Election of Fellows to the Econometric Society

p. 1329-1335

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Backmatter of Econometrica Vol. 80 Iss. 3

p. iii-v

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Issue 4

Frontmatter of Econometrica Vol. 80 Iss. 4

p. i-ii

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Functional Differencing

Stéphane Bonhomme
p. 1337-1385

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Contract Pricing in Consumer Credit Markets

Liran Einav, Mark Jenkins, Jonathan Levin
p. 1387-1432

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Waiting for News in the Market for Lemons

Brendan Daley, Brett Green
p. 1433-1504

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Status, Intertemporal Choice, and Risk‐Taking

Debraj Ray, Arthur Robson
p. 1505-1531

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Nonparametric Instrumental Variable Estimation of Structural Quantile Effects

Patrick Gagliardini, Olivier Scaillet
p. 1533-1562

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Identification and Estimation of Stochastic Bargaining Models

Antonio Merlo, Xun Tang
p. 1563-1604

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Continuous Implementation

Marion Oury, Olivier Tercieux
p. 1605-1637

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Axiomatic Equilibrium Selection for Generic Two‐Player Games

Srihari Govindan, Robert Wilson
p. 1639-1699

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Estimating Derivatives in Nonseparable Models With Limited Dependent Variables

Joseph G. Altonji, Hidehiko Ichimura, Taisuke Otsu
p. 1701-1719

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Bootstrap Determination of the Co‐Integration Rank in Vector Autoregressive Models

Giuseppe Cavaliere, Anders Rahbek, A. M. Robert Taylor
p. 1721-1740

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Distortions of Asymptotic Confidence Size in Locally Misspecified Moment Inequality Models

Federico A. Bugni, Ivan A. Canay, Patrik Guggenberger
p. 1741-1768

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Impossibility Results for Nondifferentiable Functionals

Keisuke Hirano, Jack R. Porter
p. 1769-1790

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Incomplete Preferences Under Uncertainty: Indecisiveness in Beliefs versus Tastes

Efe A. Ok, Pietro Ortoleva, Gil Riella
p. 1791-1808

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Testing for Regime Switching: A Comment

Andrew V. Carter, Douglas G. Steigerwald
p. 1809-1812

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Announcements

p. 1813-1814

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Forthcoming Papers

p. 1815-1815

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Submission of Manuscripts to the Econometric Society Monograph Series

p. 1817-1817

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Backmatter of Econometrica Vol. 80 Iss. 4

p. iii-v

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Issue 5

Frontmatter of Econometrica Vol. 80 Iss. 5

p. i-ii

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Perfectionism and Choice

Igor Kopylov
p. 1819-1843

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A Robust Model of Bubbles With Multidimensional Uncertainty

Antonio Doblas‐Madrid
p. 1845-1893

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Competition in Financial Innovation

Andrés Carvajal, Marzena Rostek, Marek Weretka
p. 1895-1936

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Speculative Overpricing in Asset Markets With Information Flows

Thomas R. Palfrey, Stephanie W. Wang
p. 1937-1976

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The Network Origins of Aggregate Fluctuations

Daron Acemoglu, Vasco M. Carvalho, Asuman Ozdaglar, Alireza Tahbaz‐Salehi
p. 1977-2016

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Noisy Stochastic Games

John Duggan
p. 2017-2045

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Reputational Bargaining With Minimal Knowledge of Rationality

Alexander Wolitzky
p. 2047-2087

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Mechanism Design With Renegotiation and Costly Messages

Robert Evans
p. 2089-2104

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Identification and Estimation of Average Partial Effects in “Irregular” Correlated Random Coefficient Panel Data Models

Bryan S. Graham, James L. Powell
p. 2105-2152

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Estimation and Inference With Weak, Semi‐Strong, and Strong Identification

Donald W. K. Andrews, Xu Cheng
p. 2153-2211

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Constrained Optimization Approaches to Estimation of Structural Models

Che‐Lin Su, Kenneth L. Judd
p. 2213-2230

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Improving the Numerical Performance of Static and Dynamic Aggregate Discrete Choice Random Coefficients Demand Estimation

Jean‐Pierre Dubé, Jeremy T. Fox, Che‐Lin Su
p. 2231-2267

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Partial Distributional Policy Effects

Christoph Rothe
p. 2269-2301

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Sequential Estimation of Structural Models With a Fixed Point Constraint

Hiroyuki Kasahara, Katsumi Shimotsu
p. 2303-2319

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Nearly Efficient Likelihood Ratio Tests of the Unit Root Hypothesis

Michael Jansson, Morten Ørregaard Nielsen
p. 2321-2332

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Aggregating the Single Crossing Property

John K.‐H. Quah, Bruno Strulovici
p. 2333-2348

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A Mechanism Design Approach to Ranking Asymmetric Auctions

René Kirkegaard
p. 2349-2364

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Announcements

p. 2365-2366

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Forthcoming Papers

p. 2367-2367

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Backmatter of Econometrica Vol. 80 Iss. 5

p. iii-v

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Issue 6

Frontmatter of Econometrica Vol. 80 Iss. 6

p. i-vi

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Sparse Models and Methods for Optimal Instruments With an Application to Eminent Domain

A. Belloni, D. Chen, V. Chernozhukov, C. Hansen
p. 2369-2429

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Constrained Efficiency in the Neoclassical Growth Model With Uninsurable Idiosyncratic Shocks

Julio Dávila, Jay H. Hong, Per Krusell, José‐Víctor Ríos‐Rull
p. 2431-2467

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Capital Mobility and Asset Pricing

Darrell Duffie, Bruno Strulovici
p. 2469-2509

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Valuing Dealers' Informational Advantage: A Study of Canadian Treasury Auctions

Ali Hortaçsu, Jakub Kastl
p. 2511-2542

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The Productivity Advantages of Large Cities: Distinguishing Agglomeration From Firm Selection

Pierre‐Philippe Combes, Gilles Duranton, Laurent Gobillon, Diego Puga, Sébastien Roux
p. 2543-2594

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Information Aggregation in Dynamic Markets With Strategic Traders

Michael Ostrovsky
p. 2595-2647

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On the Asymptotic Sizes of Subset Anderson–Rubin and Lagrange Multiplier Tests in Linear Instrumental Variables Regression

Patrik Guggenberger, Frank Kleibergen, Sophocles Mavroeidis, Linchun Chen
p. 2649-2666

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Likelihood Inference for a Fractionally Cointegrated Vector Autoregressive Model

Søren Johansen, Morten Ørregaard Nielsen
p. 2667-2732

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What's News in Business Cycles

Stephanie Schmitt‐Grohé, Martín Uribe
p. 2733-2764

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Monopolistic Competition: Beyond the Constant Elasticity of Substitution

Evgeny Zhelobodko, Sergey Kokovin, Mathieu Parenti, Jacques‐François Thisse
p. 2765-2784

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Rotten Parents and Disciplined Children: A Politico‐Economic Theory of Public Expenditure and Debt

Zheng Song, Kjetil Storesletten, Fabrizio Zilibotti
p. 2785-2803

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Inference for Parameters Defined by Moment Inequalities: A Recommended Moment Selection Procedure

Donald W. K. Andrews, Panle Jia Barwick
p. 2805-2826

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Ambiguity in the Small and in the Large

Paolo Ghirardato, Marciano Siniscalchi
p. 2827-2847

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Announcements

p. 2849-2850

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Forthcoming Papers

p. 2851-2851

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The Econometric Society 2011 Annual Report of the President

p. 2853-2857

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Backmatter of Econometrica Vol. 80 Iss. 6

p. vii-ix

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