Cowles Foundation for Research in Economics

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DISCUSSION PAPERS, 2003

No. Author(s) Title
CFDP 1389 Dubey, Pradeep
Geanakoplos, John
"Monetary Equilibrium with Missing Markets" [37pp, abstract] Reprinted in Journal of Mathematical Economics (2003), 39(5-6): 585-618 [CFP 1063]
CFDP 1390 Hyungsik Roger Moon
Phillips, Peter C.B.
"GMM Estimation of Autoregressive Roots Near Unity with Panel Data" [62pp, abstract]
CFDP 1391 Zinde-Walsh, Victoria
Phillips, Peter C.B.
"Fractional Brownian Motion as a Differentiable Generalized Gaussian Process" [10pp, abstract] Reprinted in K. Athreya, M. Majumdar, M. Puri and E. Waymire, eds., Probability, Statistics and Their Applications: Papers in Honor of Rabi Bhattacharya, Vol. 41, pp. 285-292 [CFP 1115]
CFDP 1392 Phillips, Peter C.B.
Yu, Jun
"Jackknifing Bond Option Prices" [51pp, abstract] Reprinted in Review of Financial Studies, (2005), 18(2): 707-742 [CFP 1119]
CFDP 1393 Phillips, Peter C.B. "Vision and Influence in Econometrics: John Denis Sargan" [19pp, abstract] Reprinted in Econometric Theory (2003), 19: 495-511 [CFP 1054]
CFDP 1394 Morris, Stephen
Ui, Takashi
"Generalized Potentials and Robust Sets of Equilibria" [36pp, abstract] Reprinted in Journal of Economic Theory (2005), 124: 45-78
CFDP 1395 Brown, Donald J.
Wegkamp, Marten H.
"Tests of Independence in Separable Econometric Models" [19pp, abstract]
CFDP 1395R Brown, Donald J.
Deb, Rahul
Wegkamp, Marten H.
"Tests of Independence in Separable Econometric Models: Theory and Application" (10/3/2006) [26pp, abstract]
CFDP 1395RR Brown, Donald J.
Deb, Rahul
Wegkamp, Marten H.
"Tests of Independence in Separable Econometric Models: Theory and Application" (12/4/2007) [27pp, abstract]
CFDP 1396 McCarthy, Samuel
Shubik, Martin
Yu, Jianfeng
"Who Refers To Whom: A Study of Research References and the Relationship between Research Reports and Final Publication" [23pp, abstract]
CFDP 1397 Phillips, Peter C.B. "Laws and Limits of Econometrics" [32pp, abstract] Reprinted in The Economic Journal (2003), 113(4&6): C26-C52 [CFP 1081]
CFDP 1398 Phillips, Peter C.B.
Sul, Donggyu
"The Elusive Empirical Shadow of Growth Convergence" [36pp, abstract]
CFDP 1399 Brown, Donald J.
Calsamiglia, Caterina
"The Strong Law of Demand" [12pp, abstract]

CFDP 1399R

Brown, Donald J.
Calsamiglia, Caterina
"Rationalizing and Curve-Fitting Demand Data with Quasilinear Utilities" (7/2004) [11pp, abstract]
CFDP 1400 Morris, Stephen
Shin, Hyun Song
"Catalytic Finance: When Does It Work?" [21pp, abstract] Reprinted in Journal of International Economics (2006), 70: 161-177
CFDP 1401 Morris, Stephen "Coordination, Communication and Common Knowledge: A Retrospective on Electronic Mail Game" [23pp, abstract] Reprinted in Oxford Review of Economic Policy (2002), 18(4): 433-445 [CFP 1060]
CFDP 1402 Morris, Stephen
Shin, Hyun Song
"Heterogeneity and Uniqueness in Interaction Games" [44pp, abstract] Reprinted in The Economy as an Evolving Complex System III, ed. by L. Blume and S. Durlauf, Oxford University Press, 2005, pp. 207-242
CFDP 1403 Hale, Galina "Bonds or Loans? The Effect of Macroeconomic Fundamentals" (9/2005) [53pp, abstract]
CFDP 1404 Andrews, Donald W.K.
Kim, Jae-Young
"End-of-Sample Cointegration Breakdown Tests" [55pp, abstract] Reprinted in Journal of Business and Economic Statistics (2006), 24: 379-394
CFDP 1405 Amato, Jeffrey D.
Morris, Stephen
Shin, Hyun Song
"Communication and Monetary Policy" [21pp, abstract] Reprinted in Oxford Review of Economic Policy (2002), 18(4): 495-503 [CFP 1127]
CFDP 1406 Allen, Franklin
Morris, Stephen
Shin, Hyun Song
"Beauty Contests, Bubbles and Iterated Expectations in Asset Markets" [37pp, abstract] Reprinted as Beauty Contests and Bubbles," Review of Financial Studies (2006), 19: 719-752
CFDP 1407 Phillips, Peter C.B.
Sun, Yixiao
Jin, Sainan
"Consistent HAC Estimation and Robust Regression Testing Using Sharp Origin Kernels with No Truncation" [50pp, abstract]
CFDP 1408 Roemer, John E. "Eclectic Distributional Ethics" [27pp, abstract] Reprinted in Politics, Philosophy and Economics (2004), 3(3): 267-281 [CFP 1140]
CFDP 1409 Roemer, John E. "Political Equilibrium with Private or/and Public Campaign Finance: A Comparison of Institutions" [60pp, abstract]
CFDP 1410 Roemer, John E. "Indeterminacy of Citizen-Candidate Equilibrium" [9pp, abstract]
CFDP 1411 Gerardi, Dino
Yariv, Leeat
"Committee Design in the Presence of Communication" [42pp, abstract]
CFDP 1411R Gerardi, Dino
Yariv, Leeat
"Information Acquisition in Committees" [53pp, abstract] Reprinted in Games and Economic Behavior (2008), 62: 436-459 [CFP 1238]
CFDP 1412 Bergemann, Dirk
Välimäki, Juuso
"Dynamic Price Competition" [45pp, abstract]
CFDP 1413 Powers, Michael R.
Schizer, David M.
Shubik, Martin
"Market Bubbles and Wasteful Avoidance: Tax and Regulatory Constraints on Short Sales" [54pp, abstract] Reprinted in Tax Law Review (2004), 57: 233-274 [CFP 1142]
CFDP 1414 Quint, Thomas
Shubik, Martin
"On Local and Network Games" [23pp, abstract]
CFDP 1415 Fostel, A.
Scarf, H.E.
Todd, M.J.
"Two New Proofs of Afriat's Theorem" [10pp, abstract] Reprinted in Economic Theory (2004), 24(1): 211-219 [CFP 1145]
CFDP 1416 Quint, Thomas
Wako, Jun
"On Houseswapping, the Strict Core, Segmentation, and Linear Programming" [28pp, abstract]
CFDP 1417 Chao, John
Swanson, Norman R.
"Consistent Estimation with a Large Number of Weak Instruments" [36pp, abstract]
CFDP 1418 Chao, John
Swanson, Norman R.
"Alternative Approximations of the Bias and MSE of the IV Estimator under Weak Identification with an Application to Bias Correction" [23pp, abstract]
CFDP 1419 Shubik, Martin
Smith, Eric
"Structure, Clearinghouses and Symmetry" [24pp, abstract]
CFDP 1420 Shubik, Martin
Smith, Eric
"Strategic Freedom, Constraint and Symmetry in One-period Markets with Cash and Credit Payment" [26pp, abstract]
CFDP 1421 Bergemann, Dirk
Morris, Stephen
"Robust Mechanism Design" [55pp, abstract]
CFDP 1421R Bergemann, Dirk
Morris, Stephen
"Robust Mechanism Design" (4/2004) [46pp, abstract] Reprinted in Econometrica, 73(6): 1771-1813, 2005
CFDP 1422 Fang, Hanming
Moscarini, Giuseppe
"Morale Hazard" [36pp, abstract] Reprinted in Journal of Monetary Economics (May 2005), 52(4): 749-777
CFDP 1423 Fang, Hanming
Morris, Stephen
"Multidimensional Private Value Auctions" [40pp, abstract] Reprinted in Journal of Economic Theory (2006), 126: 1-30
CFDP 1424 Karatzas, Ioannis
Shubik, Martin
Sudderth, William
Geanakoplos, John
"The Harmonic Fisher Equation and the Inflationary Bias of Real Uncertainty" [27pp, abstract]
CFDP 1425 Franck, Bernard
Owen, Robert
"Fundamental R&D Spillovers and the Internationalization of a Firm's Research Activities" [53pp, abstract]
CFDP 1426 Brown, Donald J.
Kannan, Ravi
"Indeterminacy, Nonparametric Calibration and Counterfactual Equilibria" [16pp, abstract]
CFDP 1427 Dubey, Pradeep
Geanakoplos, John
"Real Determinacy with Nominal Assets" [31pp, abstract]
CFDP 1427R Dubey, Pradeep
Geanakoplos, John
"Determinacy with Nominal Assets and Outside Money" (11/2004) [29pp, abstract] Reprinted in Economic Theory (2006), 27(1): 79-106
CFDP 1428 Andrews, Donald W.K. "Cross-section Regression with Common Shocks" [43pp, abstract] Reprinted in Econometrica (September 2005), 73(5): 1551-1585 [CFP 1153]
CFDP 1429 Geanakoplos, John "The Ideal Inflation Indexed Bond and Irving Fisher's Impatience Theory of Interest in an Overlapping Generations World" [40pp, abstract] Reprinted in R. Dimand and J. Geanakoplos, eds., Celebrating Irving Fisher: The Legacy of a Great Economist. Blackwell, 2005 and American Journal of Economics and Sociology, 64(1): 257-306 [CFP 1111]
CFDP 1430 Caballero, Ricardo J.
Engel, Eduardo M.R.A.
"Adjustment Is Much Slower Than You Think" [30pp, abstract]
CFDP 1431 Scarf, Herbert E.
Wilson, Charles A.
"Uniqueness of Equilibrium in the Multi-Country Ricardo Model" [24pp, abstract]
CFDP 1432 Haile, Philip A.
Hortaçsu, Ali
Kosenok, Grigory
"On the Empirical Content of Quantal Response Equilibrium" [22pp, abstract]
CFDP 1432R Haile, Philip A.
Hortaçsu, Ali
Kosenok, Grigory
"On the Empirical Content of Quantal Response Equilibrium" (8/23/2006) [26pp, abstract] Reprinted in American Economic Review (2008), 98(1): 180-200 [CFP 1227]
CFDP 1433 Guimarães, Bernardo
Morris, Stephen
"Risk and Wealth in a Model of Self-fulfilling Currency Attacks" [28pp, abstract] Reprinted in Journal of Monetary Economics (2007), 54: 2205-2230
CFDP 1433R Guimarães, Bernardo
Morris, Stephen
"Risk and Wealth in a Model of Self-Fulfilling Currency Attacks" (10/2004) [31pp, abstract] Reprinted in Journal of Monetary Economics (2007), 54: 2205-2230
CFDP 1434 Morris, Stephen
Shin, Hyun Song
"Liquidity Black Holes" [26pp, abstract] Reprinted in Review of Finance (2004), 8(1): 1-18 [CFP 1114]
CFDP 1435 Moon, Hyungsik Roger
Perron, Benoit
Phillips, Peter C.B.
"Incidental Trends and the Power of Panel Unit Root Tests" [43pp, abstract] Reprinted in Journal of Econometrics (2007), 141(2): 416-459 [CFP 1215]
CFDP 1436 Sul, Donggyu
Phillips, Peter C.B.
Choi, Chi-Young
"Prewhitening Bias in HAC Estimation" [28pp, abstract] Reprinted in Oxford Bulletin of Economics and Statistics (2005), 67(4): 517-546 [CFP 1161]
CFDP 1437 Phillips, Peter C.B.
Sun, Yixiao
Jin, Sainan
"Long Run Variance Estimation Using Steep Origin Kernels without Truncation" [47pp, abstract] Reprinted in Journal of Statistical Planning and Inference (2007), 137: 985-1023 [CFP 1178]
CFDP 1438 Phillips, Peter C.B.
Sul, Donggyu
"Bias in Dynamic Panel Estimation with Fixed Effects, Incidental Trends and Cross Section Dependence" (6/2004) [35pp, abstract] Reprinted in Journal of Econometrics, (March 2007), 137(1): 162-188 [CFP 1204]
CFDP 1439 Shubik, Martin "The Edgeworth, Cournot and Walrasian Cores of an Economy" [10pp, abstract]
CFDP 1440 Fang, Hanming
Norman, Peter
"To Bundle or Not to Bundle" [12pp, abstract]
CFDP 1441 Fang, Hanming
Norman, Peter
"An Efficiency Rationale for Bundling of Public Goods" [52pp, abstract]
CFDP 1442 Shiller, Robert J. "The Invention of Inflation-Indexed Bonds in Early America" [20pp, abstract]
CFDP 1443 Shubik, Martin "A Double Auction Market: Teaching, Experiment and Theory" [21pp, abstract] Reprinted in Simulation and Gaming (June 2005), 36(2): 166-182 [CFP 1147]
CFDP 1444 Leeb, Hannes
Potscher, Benedikt M.
"Can One Estimate the Conditional Distribution of Post-Model-Selection Estimators?" [33pp, abstract]
CFDP 1445 Haile, Philip A.
Hong, Han
Shum, Matthew
"Nonparametric Tests for Common Values in First-Price Sealed-Bid Auctions" [57pp, abstract]
CFDP 1446 Abreu, Dilip
Pearce, David
"A Behavioral Model of Bargaining with Endogenous Types" [59pp, abstract]
CFDP 1447 Quint, Thomas
Shubik, Martin
"Absenteeism, Substitutes, and Complements in Simple Games" [18pp, abstract]
CFDP 1448 Quint, Thomas "Absenteeism, Substitutes, and Complements and the Banzhaf Index" [16pp, abstract]
CFDP 1449 Geanakoplos, John
Kubler, Felix
"Dollar Denominated Debt and Optimal Security Design" [30pp, abstract]
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