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 89

Issue 1

Frontmatter of Econometrica Vol. 89 Iss. 1

p. i-ii

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Intergenerational Mobility in Africa

Alberto Alesina, Sebastian Hohmann, Stelios Michalopoulos, Elias Papaioannou
p. 1-35

Full Content Abstract

Equilibrium Allocations Under Alternative Waitlist Designs: Evidence From Deceased Donor Kidneys

Nikhil Agarwal, Itai Ashlagi, Michael A. Rees, Paulo Somaini, Daniel Waldinger
p. 37-76

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A Preferred-Habitat Model of the Term Structure of Interest Rates

Dimitri Vayanos, Jean‐Luc Vila
p. 77-112

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Adaptive treatment assignment in experiments for policy choice

Maximilian Kasy, Anja Sautmann
p. 113-132

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Policy Learning with Observational Data

Susan Athey, Stefan Wager
p. 133-161

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Instability of Centralized Markets

Ahmad Peivandi, Rakesh V. Vohra
p. 163-179

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Deep Neural Networks for Estimation and Inference

Max H. Farrell, Tengyuan Liang, Sanjog Misra
p. 181-213

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The “New” Economics of Trade Agreements: From Trade Liberalization to Regulatory Convergence?

Gene M. Grossman, Phillip McCalman, Robert W. Staiger
p. 215-249

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Policy Persistence and Drift in Organizations

Germán Gieczewski
p. 251-279

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Media Capture through Favor Exchange

Adam Szeidl, Ferenc Szucs
p. 281-310

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Structural Change with Long-run Income and Price Effects

Diego Comin, Danial Lashkari, Martí Mestieri
p. 311-374

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Dynamic Belief Elicitation

Christopher P. Chambers, Nicolas S. Lambert
p. 375-414

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A Practical Guide to Updating Beliefs from Contradictory Evidence

Evan Sadler
p. 415-436

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Nonparametric Analysis of Random Utility Models: Computational Tools for Statistical Testing

Bart Smeulders, Laurens Cherchye, Bram De Rock
p. 437-455

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The Empirical Content of Binary Choice Models

Debopam Bhattacharya
p. 457-474

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From Blackwell Dominance in Large Samples to Rényi Divergences and Back Again

Xiaosheng Mu, Luciano Pomatto, Philipp Strack, Omer Tamuz
p. 475-506

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Forthcoming Papers

p. 507-507

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The Econometric Society Annual Reports Report of the Secretary

p. 509-522

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The Econometric Society Annual Reports Report of the Treasurer

p. 523-531

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The Econometric Society Annual Reports Report of the Editors 2019–2020

p. 533-536

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The Econometric Society Annual Reports Econometrica Referees 2019–2020

p. 537-548

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The Econometric Society Annual Reports Report of the Editors of the Monograph Series

p. 549-551

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Submission of Manuscripts to the Econometric Society Monograph Series

p. 553-553

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Backmatter of Econometrica Vol. 89 Iss. 1

p. iii-v

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Issue 2

Frontmatter of Econometrica Vol. 89 Iss. 2

p. i-ii

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Strategic Analysis of Auctions

Robert B. Wilson
p. 555-561

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Equitable Voting Rules

Laurent Bartholdi, Wade Hann‐Caruthers, Maya Josyula, Omer Tamuz, Leeat Yariv
p. 563-589

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Spurious Factor Analysis

Alexei Onatski, Chen Wang
p. 591-614

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Selecting Applicants

Alex Frankel
p. 615-645

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Learning from Coworkers

Gregor Jarosch, Ezra Oberfield, Esteban Rossi‐Hansberg
p. 647-676

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Information Technology and Government Decentralization: Experimental Evidence from Paraguay

Ernesto Dal Bó, Frederico Finan, Nicholas Y. Li, Laura Schechter
p. 677-701

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Micro Data and Macro Technology

Ezra Oberfield, Devesh Raval
p. 703-732

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Theory of Weak Identification in Semiparametric Models

Tetsuya Kaji
p. 733-763

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Reasonable Doubt: Experimental Detection of Job-Level Employment Discrimination

Patrick Kline, Christopher Walters
p. 765-792

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Long-Term Contracting with Time-Inconsistent Agents

Daniel Gottlieb, Xingtan Zhang
p. 793-824

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Model Selection for Treatment Choice: Penalized Welfare Maximization

Eric Mbakop, Max Tabord‐Meehan
p. 825-848

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Errors in the Dependent Variable of Quantile Regression Models

Jerry Hausman, Haoyang Liu, Ye Luo, Christopher Palmer
p. 849-873

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Quantile Factor Models

Liang Chen, Juan J. Dolado, Jesús Gonzalo
p. 875-910

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Strategic Sample Selection

Alfredo Di Tillio, Marco Ottaviani, Peter Norman Sørensen
p. 911-953

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Local Projections and VARs Estimate the Same Impulse Responses

Mikkel Plagborg‐Møller, Christian K. Wolf
p. 955-980

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Forthcoming Papers

p. 981-981

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2020 Election of Fellows to the Econometric Society

p. 983-998

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Backmatter of Econometrica Vol. 89 Iss. 2

p. iii-v

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Issue 3

Frontmatter of Econometrica Vol. 89 Iss. 3

p. i-ii

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General Equilibrium Oligopoly and Ownership Structure

José Azar, Xavier Vives
p. 999-1048

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A Comment on: “General Equilibrium Oligopoly and Ownership Structure” by José Azar and Xavier Vives

Jan Eeckhout
p. 1049-1053

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A Comment on: “General Equilibrium Oligopoly and Ownership Structure” by José Azar and Xavier Vives

Thomas Philippon
p. 1055-1059

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Reply to: Comments on “General Equilibrium Oligopoly and Ownership Structure”

José Azar, Xavier Vives
p. 1061-1063

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Limit Points of Endogenous Misspecified Learning

Drew Fudenberg, Giacomo Lanzani, Philipp Strack
p. 1065-1098

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Optimal Asset Management Contracts with Hidden Savings

Sebastian Di Tella, Yuliy Sannikov
p. 1099-1139

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Finite-Sample Optimal Estimation and Inference on Average Treatment Effects Under Unconfoundedness

Timothy B. Armstrong, Michal Kolesár
p. 1141-1177

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Nash Equilibria on (Un)Stable Networks

Anton Badev
p. 1179-1206

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Viability and Arbitrage under Knightian Uncertainty

Matteo Burzoni, Frank Riedel, H. Mete Soner
p. 1207-1234

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Aggregate Dynamics in Lumpy Economies

Isaac Baley, Andrés Blanco
p. 1235-1264

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Screening in Vertical Oligopolies

Hector Chade, Jeroen Swinkels
p. 1265-1311

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Optimal Auction Design With Common Values: An Informationally Robust Approach

Benjamin Brooks, Songzi Du
p. 1313-1360

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A Macroeconomic Model with Financially Constrained Producers and Intermediaries

Vadim Elenev, Tim Landvoigt, Stijn Van Nieuwerburgh
p. 1361-1418

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Inference for Iterated GMM Under Misspecification

Bruce E. Hansen, Seojeong Lee
p. 1419-1447

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Salvaging Falsified Instrumental Variable Models

Matthew A. Masten, Alexandre Poirier
p. 1449-1469

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Asset Pricing with Endogenously Uninsurable Tail Risk

Hengjie Ai, Anmol Bhandari
p. 1471-1505

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Forthcoming Papers

p. 1507-1507

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The Econometric Society 2020 Annual Report of the President

p. 1509-1518

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Backmatter of Econometrica Vol. 89 Iss. 3

p. iii-v

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Issue 4

Frontmatter of Econometrica Vol. 89 Iss. 4

p. i-ii

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Robust Bayesian Inference for Set-Identified Models

Raffaella Giacomini, Toru Kitagawa
p. 1519-1556

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Extreme Points and Majorization: Economic Applications

Andreas Kleiner, Benny Moldovanu, Philipp Strack
p. 1557-1593

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Quantitative Analysis of Multiparty Tariff Negotiations

Kyle Bagwell, Robert W. Staiger, Ali Yurukoglu
p. 1595-1631

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Recovering Preferences from Finite Data

Christopher P. Chambers, Federico Echenique, Nicolas S. Lambert
p. 1633-1664

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Redistribution Through Markets

Piotr Dworczak, Scott Duke Kominers, Mohammad Akbarpour
p. 1665-1698

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A New Parametrization of Correlation Matrices

Ilya Archakov, Peter Reinhard Hansen
p. 1699-1715

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Attention Please!

Olivier Gossner, Jakub Steiner, Colin Stewart
p. 1717-1751

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Sales and Markup Dispersion: Theory and Empirics

Monika Mrázová, J. Peter Neary, Mathieu Parenti
p. 1753-1788

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Local Projection Inference is Simpler and More Robust Than You Think

José Luis Montiel Olea, Mikkel Plagborg‐Møller
p. 1789-1823

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Generalized Local-to-Unity Models

Liyu Dou, Ulrich K. Müller
p. 1825-1854

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TV Advertising Effectiveness and Profitability: Generalizable Results from 288 Brands

Bradley T. Shapiro, Günter J. Hitsch, Anna E. Tuchman
p. 1855-1879

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Taxing Identity: Theory and Evidence from Early Islam

Mohamed Saleh, Jean Tirole
p. 1881-1919

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Present Bias

Anujit Chakraborty
p. 1921-1961

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Bootstrap Standard Error Estimates and Inference

Jinyong Hahn, Zhipeng Liao
p. 1963-1977

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Reputation and Sovereign Default

Manuel Amador, Christopher Phelan
p. 1979-2010

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Forthcoming Papers

p. 2011-2012

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Submission of Manuscripts to the Econometric Society Monograph Series

p. 2013-2013

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Corrigendum to Crawford and Sobel (1982) “Strategic Information Transmission”

Haruki Kono, Michihiro Kandori
p. o1-o10

Full Content Abstract

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Original Article

Corrigendum to Capital Investment in “Assortative Matching With Large Firms”

Jan Eeckhout, Philipp Kircher, Cristina Lafuente, Gabriele Macci
p. o11-o14

Full Content Original Article

Comment on “Efficient Resource Allocation on the Basis of Priorities”

Yusuke Narita
p. o15-o17

Full Content Abstract Original Article

Corrigendum to “Maximality in the Farsighted Stable Set”

Jonathan Newton
p. o18-o20

Full Content Abstract Original Article

Backmatter of Econometrica Vol. 89 Iss. 4

p. iii-v

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Issue 5

Frontmatter of Econometrica Vol. 89 Iss. 5

p. i-ii

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Heterogeneous Choice Sets and Preferences

Levon Barseghyan, Maura Coughlin, Francesca Molinari, Joshua C. Teitelbaum
p. 2015-2048

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Market Selection and the Information Content of Prices

Alp E. Atakan, Mehmet Ekmekci
p. 2049-2079

Full Content Abstract Supplemental Material

An Axiomatic Model of Persuasion

Alexander M. Jakobsen
p. 2081-2116

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A Model of Scientific Communication

Isaiah Andrews, Jesse M. Shapiro
p. 2117-2142

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Bootstrap with Cluster-Dependence in Two or More Dimensions

Konrad Menzel
p. 2143-2188

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An Empirical Model of R&D Procurement Contests: An Analysis of the DOD SBIR Program

Vivek Bhattacharya
p. 2189-2224

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Random Evolving Lotteries and Intrinsic Preference for Information

Faruk Gul, Paulo Natenzon, Wolfgang Pesendorfer
p. 2225-2259

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Reconciling Models of Diffusion and Innovation: A Theory of the Productivity Distribution and Technology Frontier

Jess Benhabib, Jesse Perla, Christopher Tonetti
p. 2261-2301

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What Do Data on Millions of U.S. Workers Reveal about Lifecycle Earnings Dynamics?

Fatih Guvenen, Fatih Karahan, Serdar Ozkan, Jae Song
p. 2303-2339

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Whither Formal Contracts?

Raúl Sánchez de la Sierra
p. 2341-2373

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Using the Sequence-Space Jacobian to Solve and Estimate Heterogeneous-Agent Models

Adrien Auclert, Bence Bardóczy, Matthew Rognlie, Ludwig Straub
p. 2375-2408

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Economic Predictions with Big Data: The Illusion of Sparsity

Domenico Giannone, Michele Lenza, Giorgio E. Primiceri
p. 2409-2437

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A Projection Framework for Testing Shape Restrictions that Form Convex Cones

Zheng Fang, Juwon Seo
p. 2439-2458

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Location as an Asset

Adrien Bilal, Esteban Rossi‐Hansberg
p. 2459-2495

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The Size-Power Tradeoff in HAR Inference

Eben Lazarus, Daniel J. Lewis, James H. Stock
p. 2497-2516

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Inferring Inequality with Home Production

Job Boerma, Loukas Karabarbounis
p. 2517-2556

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Forthcoming Papers

p. 2557-2557

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Backmatter of Econometrica Vol. 89 Iss. 5

p. iii-v

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Issue 6

Frontmatter of Econometrica Vol. 89 Iss. 6

p. i-ii

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Inequality, Business Cycles, and Monetary-Fiscal Policy

Anmol Bhandari, David Evans, Mikhail Golosov, Thomas J. Sargent
p. 2559-2599

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Learning Dynamics in Social Networks

Simon Board, Moritz Meyer‐ter‐Vehn
p. 2601-2635

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Team Players: How Social Skills Improve Team Performance

Ben Weidmann, David J. Deming
p. 2637-2657

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The Reputation Trap

David K. Levine
p. 2659-2678

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Are Poor Cities Cheap for Everyone? Non-Homotheticity and the Cost of Living Across U.S. Cities

Jessie Handbury
p. 2679-2715

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Lumpy Durable Consumption Demand and the Limited Ammunition of Monetary Policy

Alisdair McKay, Johannes F. Wieland
p. 2717-2749

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Investment Demand and Structural Change

Manuel García‐Santana, Josep Pijoan‐Mas, Lucciano Villacorta
p. 2751-2785

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When Moving-Average Models Meet High-Frequency Data: Uniform Inference on Volatility

Rui Da, Dacheng Xiu
p. 2787-2825

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Econometrics for Decision Making: Building Foundations Sketched by Haavelmo and Wald

Charles F. Manski
p. 2827-2853

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Identification at the Zero Lower Bound

Sophocles Mavroeidis
p. 2855-2885

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Exchange Design and Efficiency

Marzena Rostek, Ji Hee Yoon
p. 2887-2928

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Pairwise stable matching in large economies

Michael Greinecker, Christopher Kah
p. 2929-2974

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Capital Buffers in a Quantitative Model of Banking Industry Dynamics

Dean Corbae, Pablo D'Erasmo
p. 2975-3023

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Learning with Heterogeneous Misspecified Models: Characterization and Robustness

J. Aislinn Bohren, Daniel N. Hauser
p. 3025-3077

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Forthcoming Papers

p. 3079-3079

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Backmatter of Econometrica Vol. 89 Iss. 6

p. iii-v

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