DISCUSSION PAPERS, 2000 (Nos. 1247–1286)

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No. Author(s) Title
CFDP 1247 Dubey, Pradeep
Geanakoplos, John
Shubik, Martin
"Default in a General Equilibrium Model with Incomplete Markets" (January 2000) [68pp, abstract]
CFDP 1248 Bergemann, Dirk
Välimäki, Juuso
"Information Acquisition and Efficient Mechanism Design" (January 2000) [49pp, abstract] Reprinted in Econometrica (May 2002), 70(3), 1007-1033 [CFP 1038]
CFDP 1249 Sabourian, Hamid "Bargaining and Markets: Complexity and the Walrasian Outcome" (January 2000) [42pp, abstract] Reprinted in Journal of Economic Theory (June 2004), 116(2): 189-228
CFDP 1250 Andrews, Donald W.K.
Buchinsky, Moshe
"On the Number of Bootstrap Repetitions for BCa Confidence Intervals" (February 2000) [22pp, abstract]
CFDP 1251 Chang, Yoosoon "Bootstrap Unit Root Tests in Panels with Cross-Sectional Dependency" (March 2000) [40pp, abstract]
CFDP 1252 Brown, Donald J.
Wegkamp, Marten H.
"Asymptotics in Minimum Distance from Independence Estimation" (April 2000) [21pp, abstract]
CFDP 1253 Shubik, Martin "The Theory of Money" (May 2000) [21pp, abstract] Reprinted as "On Understanding Money" in World Economics (2001), 2(1): 95-120 [CFP 1024]
CFDP 1254 Dubey, Pradeep
Haimanko, Ori
"Optimal Scrutiny in Multi-Period Promotion Tournaments" (May 2000) [26pp, abstract] Reprinted in Games and Economic Behavior (2003), 42(1): 1-24
CFDP 1255 Dubey, Pradeep
Wu, Chien-wei
"Competitive Prizes: When Less Scrutiny Induces More Effort" (May 2000) [41pp, abstract] Reprinted in Journal of Mathematical Economics (December 2001), 36(4): 311-336
CFDP 1256 Mandelbrot, Benoit B. "Cartoons of the Variation of Financial Prices and of Brownian Motions in Multifractal Time" (May 2000) [47pp, abstract]
CFDP 1257 Dubey, Pradeep
Geanakoplos, John
"Inside and Outside Money, Gains to Trade, and IS-LM" (May 2000) [52pp, abstract]
CFDP 1257R Dubey, Pradeep
Geanakoplos, John
"Inside and Outside Money, Gains to Trade, and IS-LM" (Revised June 2001) [52pp, abstract] Economic Theory (2003), 21(2-3): 347-397 [CFP 1052]
CFDP 1258 Fair, Ray C. "Estimated, Calibrated, and Optimal Interest Rate Rules" (May 2000) [40pp, abstract]
CFDP 1259 Diamond, Peter
Geanakoplos, John
"Social Security Investment in Equities in an Economy with Short-Term Production and Land" (June 2000) [42pp, abstract]
CFDP 1260 Morris, Stephen
Shin, Hyun Song
"Rethinking Multiple Equilibria in Macroeconomic Modelling" (June 2000) [26pp, abstract] Reprinted in NBER Macroeconomics Annual 2000, MIT Press, 2001, pp. 139-161
CFDP 1261 Karatzas, Ioannis
Shubik, Martin
Sudderth, William D.
"Information and the Existence of Stationary Markovian Equilibrium" (June 2000) [17pp, abstract] Reprinted in Annals of the International Society of Dynamic Games (2005), 7: 3-20
CFDP 1262 Karatzas, Ioannis
Shubik, Martin
Sudderth, William D.
A Stochastic Overlapping Generations Economy with Inheritance" (June 2000) [26pp, abstract] Reprinted in Journal of Economics, (2002) 77(3): 207-240 [CFP 1049]
CFDP 1263 Andrews, Donald W.K.
Guggenberger, Patrik
"A Bias-Reduced Log-Periodogram Regression Estimator for the Long-Memory Parameter" (June 2000) [38pp, abstract]
CFDP 1264 Phillips, Peter C.B. "Trending Time Series and Macroeconomic Activity: Some Present and Future Challenges" (July 2000) [7pp, abstract] Reprinted in Journal of Econometrics (2001), 100(1): 21-26 [CFP 1012]
CFDP 1265 Shimotsu, Katsumi
Phillips, Peter C.B.
"Modified Local Whittle Estimation of the Memory Parameter in the Nonstationary Case" (July 2000) [54pp, abstract]
CFDP 1266 Shimotsu, Katsumi
Phillips, Peter C.B.
"Local Whittle Estimation in Nonstationary and Unit Root Cases" (July 2000, revised June 2003) [33pp, abstract] Reprinted in The Annals of Statistics (2004), 34(2): 656-692 [CFP 1198]
CFDP 1267 Shimotsu, Katsumi
Phillips, Peter C.B.
"Pooled Log Periodogram Regression" (July 2000) [46pp, abstract] Reprinted in Journal of Time Series Analysis (2002), 23(1): 57-93 [CFP 1041]
CFDP 1268 Aura, Saku
Diamond, Peter
Geanakoplos, John
"Savings and Portfolio Choice in a Two-Period Two-Asset Model" (July 2000) [9pp, abstract] Reprinted in American Economic Review (2002), 92(4): 1185-1191 [CFP 1078]
CFDP 1269 Andrews, Donald W.K. "Equivalence of the Higher-order Asymptotic Efficiency of k-step and Extremum Statistics" (July 2000) [42pp, abstract] Econometric Theory (2002), 18: 1040-1085 [CFP 1044]
CFDP 1270 Scarf, Herbert E. "Optimal Inventory Policies When Sales Are Discretionary" (August 2000) [10pp, abstract] Reprinted in Journal of Production Economics (January 2005), 93-94: 111-119 [CFP 1104]
CFDP 1271 Morris, Stephen "Faulty Communication" (August 2000) [27pp, abstract]
CFDP 1271R Morris, Stephen "Faulty Communication" (August 2000, revised August 2001) [22pp, abstract] Reprinted as "Faulty Communication: Some Variations on the Electronic Mail Game" in Advances in Theoretical Economics (2001), 1(1): 1-23 [CFP 1126]
CFDP 1272 Brainard, William C.
Scarf, Herbert E.
"How to Compute Equilibrium Prices in 1891" (August 2000) [21pp, abstract]
CFDP 1273 Corsetti, Giancarlo
Dasgupta, Amil
Morris, Stephen
Shin, Hyun Song
"Does One Soros Make a Difference? A Theory of Currency Crises with Large and Small Traders" (August 2000) [31pp, abstract] Reprinted in Review of Economic Studies (2004), 71(1): 87-113 [CFP 1088]
CFDP 1274 Moon, Hyungsik Roger
Phillips, Peter C.B.
"GMM Estimation of Autoregressive Roots Near Unity with Panel Data" (September 2000) [54pp, abstract] Reprinted in Econometrica (March 2004) 72(2): 467-522 [CFP 1085]
CFDP 1275 Morris, Stephen
Shin, Hyun Song
"Global Games: Theory and Applications" (September 2000) [67pp, abstract]
CFDP 1275R Morris, Stephen
Shin, Hyun Song
"Global Games: Theory and Applications" (Revised August 2001) [69pp, abstract] Reprinted in M. Dewatripont, L. Hansen and S. Turnovsky (eds.), Advances in Economics and Econometrics, Vol. 1, 2003, pp. 57-114 [CFP 1097]
CFDP 1276 Arozamena, Leandro
Cantillon, Estelle
"Investment Incentives in Procurement Auctions" (September 2000) [41pp, abstract] Reprinted in Review of Economic Studies (2004), 71(1): 1-18
CFDP 1277 Bergemann, Dirk
Välimäki, Juuso
"Entry and Vertical Differentiation" (October 2000) [45pp, abstract]
CFDP 1278 Schiff, Aaron F.
Phillips, Peter C.B.
"Forecasting New Zealand's Real GDP" (October 2000) [32pp, abstract] Reprinted in New Zealand Economic Papers (2000), 34(2): 159-182 [CFP 1020]
CFDP 1279 Cantillon, Estelle "The Effect of Bidders' Asymmetries on Expected Revenue in Auctions" (October 2000) [37pp, abstract] Reprinted in Games and Economic Behavior (2008), 62: 1-25
CFDP 1280 Dubey, Pradeep
Haimanko, Ori
"Unilateral Deviations with Perfect Information" (November 2000) [15pp, abstract]
CFDP 1281R Roemer, John "Does Democracy Engender Equality?" (Revised September 2001) [56pp, abstract] Reprinted in Economic Theory (2005), 25(1): 217-234 [CFP 1163]
CFDP 1282 Nordhaus, William D. "Alternative Methods for Measuring Productivity Growth" (November 2000) [13pp, abstract]
CFDP 1283 Quintos, Carmela E.
Fan, Zhenhong
Phillips, Peter C.B.
"Structural Change in Tail Behavior and the Asian Financial Crisis" (November 2000) [38pp, abstract] Reprinted in Review of Economic Studies (2001), 68(3): 633-663 [CFP 1030]
CFDP 1284 Nordhaus, William D. "Productivity Growth and the New Economy" (November 2000) [38pp, abstract] Reprinted in Brookings Papers on Economic Activities (2002), 2: 211-265 [CFP 1064]
CFDP 1285 Cantillon, Estelle
Rangel, Antonio
"A Graphical Analysis of Some Basic Results in Social Choice" (November 2000) [23pp, abstract] Reprinted in Social Choice and Welfare (2002), 19: 587-611
CFDP 1286 Nordhaus, William D. "New Data and Output Concepts for Understanding Productivity Trends" (November 2000) [28pp, abstract]
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