DISCUSSION PAPERS, 1985 (Nos. 736–779)

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No. Author(s) Title
CFDP 736 Shapiro, Matthew D. "Capital Utilization and Capital Accumulation: Theory and Evidence" (January 1985) [54pp, abstract] Reprinted in Journal of Applied Econometrics (1986), 1: 211-234 [CFP 662]
CFDP 737   NOT PRINTED
CFDP 738 Mankiw, N. Gregory
Shapiro, Matthew D.
"Risk and Return: Consumption Beta Versus Market Beta" (January 1985) [31pp, abstract] Reprinted in Review of Economics and Statistics (August 1986), 68(3): 453-458 [CFP 657]
CFDP 739 Phillips, Peter C.B. "The Distribution of FIML in the Leading Case" (April 1985) [8pp, abstract] Reprinted in International Economic Review (February 1986), 27(1): 239-243 [CFP 638]
CFDP 740 Phillips, Peter C.B. "Time Series Regression with a Unit Root" (April 1985) [42pp, abstract]
CFDP 740R Phillips, Peter C.B. "Time Series Regression with a Unit Root" (Revised February 1986) [45pp, abstract] Reprinted in Econometrica (March 1987), 55(2): 277-301 [CFP 674]
CFDP 741 Pagan, Adrian "Two Stage and Related Estimators and Their Applications" (April 1985) [45pp, abstract] Reprinted in Review of Economic Studies (1986), 53: 517-538
CFDP 742 Holmstrom, Bengt
Milgrom, Paul
"Aggregation and Linearity in the Provision of Intertemporal Incentives" (April 1985) [55pp, abstract] Reprinted in Econometrica (March 1987), 55(2): 303-328
CFDP 743 Mankiw, N. Gregory
Shapiro, Matthew D.
"Do We Reject Too Often? Small Sample Bias in Tests of Rational Expectations" (April 1985) [21pp, abstract] Reprinted as "Do We Reject too Often? Small Sample Properties of Tests of Rational Expectations Models" in Economics Letters (1986), 20: 139-145 [CFP 637]
CFDP 744 Shubik, Martin "The Use of Simple Games to Illustrate Concepts and to Provide Experimental Evidence" (May 1985) [39pp, abstract]
CFDP 745 Cooper, Russell
Andrew, John
"Coordinating Coordination Failures in Keynesian Models" (April 1985) [37pp]
CFDP 745R Cooper, Russell
Andrew, John
"Coordinating Coordination Failures in Keynesian Models" (Revised July 1985) [37pp, abstract]
CFDP 746 Kaneko, Mamoru "An Axiomatization of Utility and Subjective Probability Based on Objective Probability" (April 1985) [26pp, abstract]
CFDP 747 Shubik, Martin "Some Three Person Games in Coalitional Form for Teaching and Experimentation" (May 1985) [16pp, abstract]
CFDP 748   NOT PRINTED
CFDP 749 Milgrom, Paul
Roberts, J.
"Relying on the Information of Interested Parties" (May 1985) [35pp, abstract] Reprinted in Rand Journal of Economics (1986), 17: 18-32
CFDP 750 Shubik, Martin "The Numeraire, Money and the Missing Degree of Freedom" (May 1985) [13pp, abstract]
CFDP 751 Sahi, Siddhartha
Shubik, Martin
"A Model of a Sudden-Death Field-Goal Football Game as a Sequential Duel" (May 1985) [15pp, abstract] Reprinted in Mathematical Social Sciences (1988), 15: 205-215 [CFP 707]
CFDP 752 Hammond, Peter J.
Kaneko, Mamoru
Wooders, Myrna Holtz
"Mass-Economies with Vital Small Coalitions; the F-Core Approach" (May 1985) [32pp, abstract]
CFDP 753 Shubik, Martin "Enough Gold in a Society without and with Money-Lenders" (June 1985) [21pp, abstract]
CFDP 754 Amir, Rabah "A Characterization of Globally Optimal Paths in the Non-Classical Growth Model" (June 1985) [33pp, abstract]
CFDP 755   NOT PRINTED
CFDP 756R Aliprantis, Charalambos D.
Brown, Donald J.
Burkinshaw, Owen
"Edgeworth Equilibria" (Revised September 1985) [39pp, abstract] Reprinted in Econometrica (September 1987), 55(5): 1109-1137 [CFP 691]
CFDP 757 Phillips, Peter C.B. "Understanding Spurious Regressions in Econometrics" (June 1985, revised December 1985) [38pp, abstract] Reprinted in Journal of Econometrics (1986), 33: 311-340 [CFP 667]
CFDP 758 Mankiw, N. Gregory
Romer, David
Shapiro, Matthew D.
"An Unbiased Reexamination of Stock Market Volatility" (January 1985) [23pp] Reprinted in Journal of Finance (July 1985), 40(3): 677-687 [CFP 623]
CFDP 759 Shubik, Martin "The Many Properties of Money: A Strategic Market Game Analysis" (September 1985) [19pp, abstract]
CFDP 760 Howe, Roger "Sections and Extensions of Concave Functions" (August 1985) [17pp] Reprinted in Journal of Mathematical Economics (1987), 16: 53-64 [CFP 683]
CFDP 761 Andrews, Donald W.K. "Asymptotic Results for Generalized Wald Tests" (September 1985) [13pp]
CFDP 761R Andrews, Donald W.K. "Asymptotic Results for Generalized Wald Tests" (Revised April 1986) [15pp, abstract] Reprinted in Econometric Theory (1987), 3: 348-358 [CFP 694]
CFDP 762 Andrews, Donald W.K. "Random Cell Chi-Square Diagnostic Tests for Econometric Models: I. Introduction and Applications" (September 1985) [61pp, abstract] Reprinted as "Chi-Square Diagnostic Tests for Econometric Models" in Journal of Econometrics (1988), 37: 135-156 [CFP 698]
CFDP 763R Andrews, Donald W.K. "Random Cell Chi-Square Diagnostic Tests for Econometric Models: II. Theory" (September 1985, revised June 1986) [63pp, abstract] Reprinted as "Chi-Square Diagnostic Tests for Econometric Models: Theory" in Econometrica (November 1988), 56(6): 1419-1458 [CFP 719]
CFDP 764 Geanakoplos, John
Polemarchakis, Heracles
"Existence, Regularity, and Constrained Suboptimality of Competitive Allocations When the Asset Market Is Incomplete" (August 1985) [46pp, abstract] Reprinted in W. Heller, R. Starr and D. Starrett, eds., Uncertainty, Information and Communication, Essays in Honor of Kenneth J. Arrow, Vol. III, Cambridge University Press, pp. 65-95 [CFP 652]
CFDP 765 Phillips, Peter C.B. "Asymptotic Expansions in Nonstationary Vector Autoregressions" (August 1985) [34pp, abstract] Reprinted in Econometric Theory (1987), 3: 45-68 [CFP 679]
CFDP 766 Shubik, Martin "The Uses, Value and Limitation of Game Theoretic Methods in Defense Analysis" (October 1985) [40pp, abstract]
CFDP 767 Phillips, Peter C.B. "Fractional Matrix Calculus and the Distribution of Multivariate Tests" (September 1985) [23pp, abstract] Reprinted in I.B. MacNeill and G.J. Umphrey, eds., Time Series and Econometric Modelling, Reidel Publishing, 1987, pp. 219-234 [CFP 664]
CFDP 768 Phillips, Peter C.B.
Durlauf, Steven N.
"Multiple Time Series Regression with Integrated Processes" (September 1985) [43pp, abstract] Reprinted in Review of Economic Studies (1986), 53: 473-495 [CFP 659]
CFDP 769 Clarida, Richard H. "The Balance of Payments Adjustment Mechanism in a Rational Expectations Equilibrium" (April 1985) [25pp, abstract]
CFDP 770R Geanakoplos, John
Mas-Colell, Andreu
"Real Indeterminacy with Financial Assets" (May 1985, revised October 1985) [14pp, abstract] Reprinted in Journal of Economic Theory (February 1989), 47(1): 22-38 [CFP 721]
CFDP 771 Clarida, Richard H. "International Lending and Borrowing in a Stochastic Sequence Equilibrium" (May 1985) [32pp, abstract]
CFDP 772R Campbell, John Y.
Clarida, Richard H.
"The Term Structure of Euromarket Interest Rates: An Empirical Investigation" (September 1985, revised February 1986) [35pp, abstract] Reprinted in Journal of Monetary Economics (January 1987), 19: 25-44
CFDP 773 Geanakoplos, John
Brown, Donald J.
"Comparative Statics and Local Indeterminacy in OLG Economies: An Application of the Multiplicative Ergodic Theorem" (October 1985) [34pp, abstract]
CFDP 774 Nordhaus, William D. "Forecasting Efficiency: Concepts and Applications" (September 1985) [26pp, abstract] Reprinted in Review of Economics and Statistics (November 1987), 69(4): 667-674 [CFP 692]
CFDP 775R Geanakoplos, John
Milgrom, Paul
"A Theory of Hierarchies Based on Limited Managerial Attention" (Revised October 1988) [33pp, abstract] Reprinted in Journal of the Japanese and International Economies (1991), 5: 205-225 [CFP 794]
CFDP 776 Tobin, James "Neoclassical Theory in America: J.B. Clark and Fisher" (September 1985) [36pp, abstract] Reprinted in American Economic Review (December 1985), 75(6): 28-38 [CFP 636]
CFDP 777 Chou, Chien
Geanakoplos, John
"On Finitely Repeated Games and Pseudo-Nash Equilibria" (October 1985) [28pp, abstract]
CFDP 778 Geanakoplos, John
Polemarchakis, Heracles
"Walrasian Indeterminacy and Keynesian Macroeconomics" (October 1985) [52pp, abstract] Reprinted in Review of Economic Studies (1986), 53:755-779 [CFP 1120]
CFDP 779 Milgrom, Paul "Auction Theory" (November 1985) [53pp, abstract] Reprinted in Truman Bewley (ed.), Advances in Economic Theory: Fifth World Congress, Cambridge University Press, 1987, pp. 1-32
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