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Cowles Foundation for Research in Economics

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DISCUSSION PAPERS, 2005

No. Author(s) Title
CFDP 1497 Fair, Ray C. "Policy Effects in the Post Boom U.S. Economy" [35pp, abstract] Reprinted in Topics in Macroeconomics (2005), 5(1): 19 [CFP 1193]
CFDP 1498 Keppo, Jussi
Moscarini, Giuseppe
Smith, Lones
"The Demand for Information: More Heat than Light" [36pp, abstract]
CFDP 1499 Shiller, Robert J. "Bahavioral Economics and Institutional Innovation" [24pp, abstract] Reprinted in Southern Economic Journal (2005), 72(2): 269-283 [CFP 1150]
CFDP 1500 Leeb, Hannes
Pötscher, Benedikt M.
"Sparse Estimators and the Oracle Property, or the Return of Hodges' Estimator" (Updated 4/19/2007) [18pp, abstract]
CFDP 1501 Andrews, Donald W.K.
Marmer, Vadim
"Exactly Distribution-Free Inference in Instrumental Variables Regression with Possibly Weak Instruments" [29pp, abstract]
CFDP 1502 Bergemann, Dirk
Morris, Stephen
"Ex Post Implementation" [52pp, abstract]
CFDP 1503 Gerardi, Dino
McLean, Richard
Postlewaite, Andrew
"Aggregation of Expert Opinions" [40pp, abstract]
CFDP 1504 Shiller, Robert J. "The Life-Cycle Personal Accounts Proposal for Social Security: An Evaluation" [34pp, abstract]
CFDP 1505 Bergemann, Dirk
Eisenbach, Thomas
Feigenbaum, Joan
Shenker, Scott
"Flexibility as an Instrument in Digital Rights Management" [19pp, abstract]
CFDP 1506 Carlson, Mark A.
Hale, Galina B.
"Courage to Capital? A Model of the Effects of Rating Agencies on Sovereign Debt Roll-over" [24pp, abstract]
CFDP 1507 Brown, Donald J.
Calsamiglia, Caterina
"The Nonparametric Approach to Applied Welfare Analysis" [14pp, abstract]
CFDP 1508 Brown, Donald J.
Kannan, Ravi
"Decision Methods for Solving Systems of Walrasian Inequalities" [9pp, abstract]
CFDP 1509 Shubik, Martin
Smith, Eric
"Fiat Money and the Natural Scale of Government" [34pp, abstract]
CFDP 1510 Smith, Eric
Shubik, Martin
"Commodity Money and the Valuation of Trade" [18pp, abstract]
CFDP 1511 Fang, Hanming
Norman, Peter
"Overcoming Participation Constraints" [26pp, abstract]
CFDP 1512 Roemer, John E. "Intergenerational Justice and Sustainability under the Leximin Ethic" [37pp, abstract]
CFDP 1513 Phillips, Peter C.B.
Sun, Yixiao
Jin, Sainan
"Improved HAR Inference Using Power Kernels Without Truncation" [51pp, abstract]
CFDP 1514 Phillips, Peter C.B.
Sul, Donggyu
"Economic Transition and Growth" [59pp, abstract]
CFDP 1515 Han, Chirok
Phillips, Peter C.B.
"GMM with Many Moment Conditions" [45pp, abstract] Reprinted in Econometrica (January 2006), 74(1): 147-192 [CFP 1165]
CFDP 1516 Phillips, Peter C.B.
Jin, Sainan
Hu, Ling
"Nonstationary Discrete Choice: A Corrigendum and Addendum" [53pp, abstract]
CFDP 1517 Phillips, Peter C.B.
Magadalinos, Tassos
"Limit Theory for Moderate Deviations from a Unit Root under Weak Dependence" [46pp, abstract] Reprinted in G.D.A. Phillips and E. Tzavalis, eds., The Refinement of Econometric Estimation and Test Procedures: Finite Sample and Asymptotic Analysis. Cambridge University, 2007, pp. 123-162 [CFP 1202]
CFDP 1518 Ibragimov, Rustam
Brown, Donald J.
"Sign Tests for Dependent Observations and Bounds for Path-Dependent Options" [31pp, abstract]
CFDP 1519 Bergemann, Dirk
Morris, Stephen
"Robust Implementation: The Role of Large Type Spaces" [58pp, abstract]
CFDP 1520 Farmer, J. Doyne
Shubik, Martin
Smith, Eric
"Economics: The Next Physical Science?" [9pp, abstract] Reprinted in Physics Today (September 2005), 37-42 [CFP 1160]
CFDP 1521 Powers, Micheal R.
Shubik, Martin
"A Note on a 'Square-Root Rule' for Reinsurance" [8pp, abstract]
CFDP 1522 Bandi, Federico M.
Phillips, Peter C.B.
"A Simple Approach to the Parametric Estimation of Potentially Nonstationary Diffusions" [49pp, abstract] Reprinted in Journal of Econometrics, (April 2007), 137(2): 354-395 [CFP 1205]
CFDP 1523 Phillips, Peter C.B.
Yu, Jun
"A Two-Stage Realized Volatility Approach to the Estimation for Diffusion Processes from Discrete Observations" [27pp, abstract]
CFDP 1524 Chen, M. Keith
Lakshminarayanan, V.
Santos, Laurie
"The Evolution of Our Preferences: Evidence from Capuchin-Money Trading Behavior" [26pp, abstract]
CFDP 1525 Fair, Ray C. "Natural Concepts in Macroeconomics" [41pp, abstract]
CFDP 1526 Bracha, Anat
Gray, Jeremy
Ibragimov, Rustam
Nadler, Boaz
Shapiro, Dmitry
Ames, Glena
Brown, Donald J.
"Randomized Sign Tests for Dependent Observations on Discrete Choice under Risk" [51pp, abstract]
CFDP 1527 Bergemann, Dirk
Schlag, Karl
"Robust Monopoly Pricing: The Case of Regret" [25pp, abstract]
CFDP 1527R Bergemann, Dirk
Schlag, Karl
"Robust Monopoly Pricing" (4/2007) [36pp, abstract]
CFDP 1528 Lee, Yoon-Ho Alex
Brown, Donald J.
"Competition, Consumer Welfare, and the social Cost of Monopoly" [19pp, abstract]
CFDP 1529 Fair, Ray C.
Catambay, Danielle
"Branch Rickey's Equation Fifty Years Later" (Revised January 2007) [13pp, abstract]
CFDP 1530 Andrews, Donald W.K.
Stock, James H.
"Inference with Weak Instruments" [68pp, abstract]
CFDP 1531 Aragones, Enriqueta
Gilboa, Itzhak
Weiss, Andrew
"Making Statements and Approval Voting" [16pp, abstract]
CFDP 1532 Bergemann, Dirk
Välimäki, Juuso
"Information in Mechanism Design" [51pp, abstract]
CFDP 1532R Bergemann, Dirk
Välimäki, Juuso
"Information in Mechanism Design" [42pp, (1/2006) abstract] Reprinted in Richard Blundell, Whitney Newey and Torsten Persson, eds., Proceedings of the 9th World Congress of the Econometric Society, Cambridge University Press, 2006, pp. 186-221 [CFP 1208]
CFDP 1533 Otsu, Taisuke
Whang, Yoon-Jae
"Testing for Non-nested Conditional Moment Restrictions via Conditional Empirical Likelihood" [34pp, abstract]
CFDP 1534 Dubey, Pradeep
Sondermann, Dieter
"Perfect Competition in a Bilateral Monopoly (In honor of Martin Shubik)" [24pp, abstract]
CFDP 1535 Marino, Alexandre
De Meyer, Bernard
"Continuous versus Discrete Market Games" [20pp, abstract]
CFDP 1536 Fair, Ray C. "Estimated Age Effects in Baseball" (Revised March 2007) [46pp, abstract]
CFDP 1537 Dubey, Pradeep
Geanakoplos, John
Haimanko, Ori
"Prizes versus Wages with Envy and Pride" [25pp, abstract]
CFDP 1538 Jin, Sainan
Phillips, Peter C.B.
Sun, Yixiao
"A New Approach to Robust Interence in Cointegration" [15pp, abstract] Reprinted in Economics Letters (May 2006), 91(2): 300-306 [CFP 1203]
CFDP 1539 Qin, Cheng-Zhong
Shubik, Martin
"A Credit Mechanism for Selecting a Unique Competitive Equilibrium" [12pp, abstract]
CFDP 1539R Qin, Cheng-Zhong
Shubik, Martin
"A Credit Mechanism for Selecting a Unique Competitive Equilibrium" (1/2006) [15pp, abstract]
CFDP 1539R2 Qin, Cheng-Zhong
Shubik, Martin
"A Credit Mechanism for Selecting a Unique Competitive Equilibrium" (11/2006) [21pp, abstract]
CFDP 1540 Phillips, Peter C.B. "A Remark on Bimodality and Weak Instrumentation in Structural Equation Estimation" [13pp, abstract]
CFDP 1541 Hong, Seung Hyun
Phillips, Peter C.B.
"Testing Linearity in Cointegrating Relations with an Application to Purchasing Power Parity" [44pp, abstract]
CFDP 1542 Gerardi, Dino
Myerson, Roger B.
"Sequential Equilibria in Bayesian Games with Communication" [39pp, abstract]
CFDP 1543 Copeland, Adam
Hall, George
"The Response of Prices, Sales, and Output to Temporary Changes in Demand" (40pp) abstract]
CFDP 1544 Dubey, Pradeep
Geanakoplos, John
"Grading in Games of Status: Marking Exams and Setting Wages" [48pp, abstract]
CFDP 1544R Dubey, Pradeep
Geanakoplos, John
"Grading in Games of Status: Marking Exams and Setting Wages" [44pp, abstract]
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