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Cowles Foundation for Research in Economics

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DISCUSSION PAPERS, 1987

No. Author(s) Title
CFDP 814R Amir, R.
Sahi, Siddhartha
Shubik, Martin
"A Strategic Market Game with Complete Markets" [25pp, abstract] Reprinted in Journal of Economic Theory (June 1990), 51(1): 126-143 [CFP 757]
CFDP 815 Fair, Ray C. "Sources of Output and Price Variability in a Macroeconometric Model" [26pp, abstract]
CFDP 816 Shiller, Robert J. "Ultimate Sources of Aggregate Variability" [23pp, abstract]
CFDP 817 Tobin, James "Financial Intermediaries" [32pp, abstract]
CFDP 818 Fair, Ray C. "Optimal Choice of Monetary Policy Instruments in a Macroeconometric Model" [23pp, abstract] Reprinted in Journal of Monetary Economics (1988), 22: 301-315 [CFP 734]
CFDP 819R Phillips, Peter C.B.
Park, Joon Y.
"Statistical Inference in Regressions with Integrated Processes: Part 2" [63pp, abstract] Reprinted in Econometric Theory (1989), 5: 95-131 [CFP 722]
CFDP 820 Tobin, James "The Future of Social Security: One Economist's Assessment" [49pp, abstract]
CFDP 821 Shapiro, Matthew D. "Supply Shocks in Macroeconomics" [18pp, abstract]
CFDP 822 Shapiro, Matthew D. "Are Cyclical Fluctuations in Productivity Due More to Supply Shocks or Demand Shocks?" [19pp, abstract] Reprinted in AEA Papers and Proceedings (May 1987), 77(2): 118-124 [CFP 677]
CFDP 823 Phillips, Peter C.B. "Spherical Matrix Distributions and Cauchy Quotients" [5pp, abstract] Reprinted in Statistics and Probability Letters (1989), 8: 51-53 [CFP 729]
CFDP 824R Phillips, Peter C.B. "Conditional and Unconditional Statistical Independence" [13pp, abstract] Reprinted in Journal of Econometrics (1988), 75(2): 341-348 [CFP 705]
CFDP 825 Amir, Rabah "Sequential Games of Resource Extraction: Existence of Nash Equilibria" [26pp, abstract]
CFDP 826R Dybvig, Philip H. "Inefficient Dynamic Portfolio Strategies or How to Throw Away a Million Dollars in the Stock Market" (1988) [39pp, abstract] Reprinted in Review of Financial Studies (Spring 1988), 1(1): 67-88 [CFP 704]
CFDP 827R Dybvig, Philip H. "Distributional Analysis of Portfolio Choice" (1988) [41pp, abstract] Reprinted in Journal of Business (1988), 61(3): 369-393 [CFP 709]
CFDP 828 Shapiro, Matthew D. "Measuring Market Power in U.S. Industry" [37pp, abstract]
CFDP 829 Shubik, Martin "Game Theory. Models of Strategic Behavior and Nuclear Deterrence" [97pp, abstract]
CFDP 830 Matzkin, Rosa L. "Semiparametric Estimation of Monotonic and Concave Utility Functions: The Discrete Choice Case" [40pp, abstract] Reprinted as "Semiparametric Estimation of Monotone and Concave Utility Functions for Polychotomous Choice Models" in Econometrica (September 1991), 59(5): 1315-1327 [CFP 795]
CFDP 831 Fair, Ray C. "The Effect of Economic Events on Votes for President: 1984 Update" [14pp, abstract] Reprinted in Political Behavior (1988), 10(2): 168-179 [CFP 735]
CFDP 832 Andrews, Donald W.K.
Fair, Ray C.
"Inference in Econometric Models with Structural Change" [60pp, abstract] Reprinted in Review of Economic Studies (1988), 55: 615-640 [CFP 713]
CFDP 833R Fair, Ray C.
Shiller, Robert J.
"Econometric Modeling as Information Aggregation" (1988) [25pp, abstract] Reprinted as "Comparing Information in Forecasts from Econometric Models" in American Economic Review (June 1990), 80(3): 376-389 [CFP 754]
CFDP 834R Brown, Donald J.
Aliprantis, C.D.
Burkinshaw, Owen
"Equilibria in Exchange Economies with a Countable Number of Agents" [38pp, abstract]
CFDP 835 Bewley, Truman F. "Knightian Decision Theory, Part II" [36pp, abstract]
CFDP 836 Rutherford, Thomas "A Modeling System for Applied General Equilibrium Analysis" [45pp, abstract]
CFDP 837 Rutherford, Thomas "Implementational Issues and Computational Performance Solving Applied General Equilibrium Models with SLCP" [34pp, abstract]
CFDP 838 Brown, Donald J.
Aliprantis, C.D.
Burkinshaw, Owen
"Valuation and Optimality in Exchange Economies with a Countable Number of Agents" [17pp, abstract]
CFDP 839 Fair, Ray C.
Dominguez, Kathryn M.
"Effects of the Changing U.S. Age Distribution on Macroeconomic Equations" (1987) [33pp, abstract] Reprinted in American Economic Review (1991), 81(5): 1276-1294 [CFP 800]
CFDP 840 Hillier, Grant H. "Joint Distribution Theory for Some Statistics Based on LIML and TSLS" [31pp, abstract]
CFDP 841 Shubik, Martin "Silver and Gold and Liquidity" [8pp, abstract]
CFDP 842 Phillips, Peter C.B.
Hajivassiliou, Vassilis A.
"Bimodal t-Ratios" [26pp, abstract]
CFDP 843 Shiller, Robert J.
McCulloch, J. Huston
"The Term Structure of Interest Rates. U.S. Government Term Structure Data" [119pp, abstract] Reprinted in B.M. Friedman and F.H. Hahn, eds., Handbook of Monetary Economics, Vol. 1, 1990. pp. 627-715 [CFP 766]
CFDP 844 Matzkin, Rosa L.
Richter, Marcel K.
"Testing Strictly Concave Rationality" [20pp, abstract] Reprinted in Journal of Economic Theory (April 1991), 53(2): 287-303 [CFP 782]
CFDP 845R Phillips, Peter C.B. "Partially Identified Econometric Models" [95pp, abstract] Reprinted in Econometric Theory (1989), 5: 181-240 [CFP 728]
CFDP 846 Phillips, Peter C.B. "Weak Convergence of Sample Covariance Matrices to Stochastic Integrals via Martingale Approximations" [9pp, abstract] Reprinted in Econometric Theory (1988), 4: 528-533 [CFP 716]
CFDP 847R Phillips, Peter C.B.
Ouliaris, Sam
"Asymptotic Properties of Residual Based Tests for Cointegration" (1988) [51pp, abstract] Reprinted in Econometrica (January 1990), 58(1): 165-193 [CFP 746]
CFDP 848 Hajivassiliou, Vassilis A. "An Aggregative Disequilibrium Model of the U.S. Labour Market" [42pp, abstract]
CFDP 849 Tobin, James "Inventories, Investment, Inflation and Taxes" [19pp, abstract] Reprinted in A. Chikan and M.C. Lovell, eds., The Economics of Inventory Management, Elsevier Science Publishers, 1988, pp. 285-304 [CFP 712]
CFDP 850R Sahi, Siddhartha
Yao, Shuntian
"The Noncooperative Equilibria of a Trading Economy with Complete Markets and Consistent Prices" [31pp]
CFDP 851 Case, Karl E.
Shiller, Robert J.
"Prices of Single Family Homes Since 1970: New Indexes for Four Cities" [53pp, abstract]
CFDP 852 Phillips, Peter C.B. "Multiple Regression with Integrated Time Series" [41pp, abstract] Reprinted in Contemporary Mathematics (1988), 80: 79-105 [CFP 720]
CFDP 853 Shiller, Robert J. "Investor Behavior in the October 1987 Stock Market Crash: Survey Evidence" [43pp, abstract]
CFDP 854 Shubik, Martin
Dubey, Pradeep
"A Note on an Optimal Garnishing Rule" [3pp, abstract] Reprinted in Economics Letters (1988), 27: 5-6 [CFP 708]
CFDP 855 Pearce, David G. "Renegotiation-Proof Equilibria: Collective Rationality and Intertemporal Cooperation" [33pp, abstract]
CFDP 856R Fair, Ray C. "VAR Models as Structural Approximations" (1989) [17pp, abstract]
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