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Cowles Foundation for Research in Economics

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DISCUSSION PAPERS, 2007

No. Author(s) Title
CFDP 1595 Phillips, Peter C.B.
Sul, Donggyu
"Transition Modeling and Econometric Convergence Tests" [72pp, abstract]
CFDP 1596 Phillips, Peter C.B.
Yu, Jun
"Simulation-based Estimation of Contingent-claims Prices" [30pp, abstract]
CFDP 1597 Phillips, Peter C.B.
Yu, Jun
"Maximum Likelihood and Gaussian Estimation of Continuous Time Models in Finance" [34pp, abstract]
CFDP 1598 Phillips, Peter C.B.
Yu, Jun
"Information Loss in Volatility Measurement with Flat Price Trading" [27pp, abstract]
CFDP 1599 Han, Chirok
Phillips, Peter C.B.
"GMM Estimation for Dynamic Panels with Fixed Effects and Strong Instruments at Unity" [45pp, abstract]
CFDP 1600 Bergemann, Dirk
Morris, Stephen
"An Ascending Auction for Interdependent Values: Uniqueness and Robustness to Strategic Uncertainty" (Updated 3/2007) [14pp, abstract, 14pp] Reprinted in American Economic Review Papers and Proceedings, 97(2): 125-130, May 2007 [CFP 1207]
CFDP 1601 Anderlini, Luca
Gerardi, Dino
Lagunoff, Roger
"Social Memory and Evidence from the Past" [37pp, abstract]
CFDP 1602 Fair, Ray C. "Presidential and Congressional Vote-Share Equations" [44pp, abstract]
CFDP 1603 Caballero, Ricardo J.
Engel, Eduardo M.R.A.
"Price Stickiness in Ss Models: New Interpretations of Old Results" [29pp, abstract]
CFDP 1604 De Meyer, Bernard "Price Dynamics on a Stock Market with Asymmetric Information" [27pp, abstract]
CFDP 1605 Andrews, Donald W.K.
Guggenberger, Patrik
"The Limit of Finite-Sample Size and a Problem with Subsampling" [68pp, abstract]
CFDP 1605R Andrews, Donald W.K.
Guggenberger, Patrik
"The Limit of Finite-Sample Size and a Problem with Subsampling" (Updated 7/2007) [68pp, abstract]
CFDP 1606 Andrews, Donald W.K.
Guggenberger, Patrik
"Hybrid and Size-Corrected Subsample Methods" [86pp, abstract]
CFDP 1607 Andrews, Donald W.K.
Guggenberger, Patrik
"Asymptotics for Stationary Very Nearly Unit Root Processes" [8pp, abstract] Reprinted in Journal of Time Series Analysis (2008), 29(1): 203-210 [CFP 1220]
CFDP 1608 Andrews, Donald W.K.
Guggenberger, Patrik
"Applications of Subsampling, Hybrid, and Size-Correction Methods" [45pp, abstract]
CFDP 1609 Bergemann, Dirk
Morris, Stephen
"Strategic Distinguishability with an Application to Robust Virtual Implementation" [49pp, abstract]
CFDP 1610 Shiller, Robert J. "Historic Turning Points in Real Estate" [28pp, abstract]
CFDP 1611 Phillips, Peter C.B.
Kim, Chang Sik
"Long Run Covariance Matrices for Fractionally Integrated Processes" [14pp, abstract]
CFDP 1612 Phillips, Peter C.B.
Xu, Ke-Li
"Tilted Nonparametric Estimation of Volatility Functions" [22pp, abstract]
CFDP 1613 Phillips, Peter C.B. "Exact Distribution Theory in Structural Estimation with an Identity" [27pp, abstract]
CFDP 1614 Phillips, Peter C.B.
Magdalinos, Tassos
"Limit Theory for Explosively Cointegrated Systems" [24pp, abstract]
CFDP 1615 Brown, Donald J.
Calsamiglia, Caterina
"Marshall's Theory of Value and the Strong Law of Demand" [8pp, abstract]
CFDP 1616 Bergemann, Dirk
Välimäki, Juuso
"Dynamic Marginal Contribution Mechanism" [30pp, abstract]
CFDP 1617 Klevorick, Alvin K.
Sykes, Alan O.
"United States Courts and the Optimal Deterrence of International Cartels: A Welfarist Perspective on Empagran" [58pp, abstract]
CFDP 1618 Engel, Eduardo
Fischer, Ronald
Galetovic, Alexander
"The Basic Public Finance of Public-Private Partnerships" (Updated 2/2008) [63pp, abstract]
CFDP 1619 Bergemann, Dirk
Shi, Xianwen
Välimäki, Juuso
"Information Acquisition in Interdependent Value Auctions" [38pp, abstract]
CFDP 1620 Andrews, Donald W.K.
Guggenberger, Patrik
"Validity of Subsampling and 'Plug-in Asymptotic' Inference for Parameters Defined by Moment Inequalities" [43pp, abstract]
CFDP 1621 Grant, Simon
Özsoy, Hatice
Polak, Ben
"Probabilistic Sophistication and Stochastic Monotonicity in the Savage Framework" [15pp, abstract]
CFDP 1622 Huber, Juergen
Shubik, Martin
Sunder, Shyam
"Everyone-a-banker or the Ideal Credit Acceptance Game: Theory and Evidence" [27pp, abstract]
CFDP 1623 Huber, Juergen
Shubik, Martin
Sunder, Shyam
"Three Minimal Market Games: Theory and Experimental Evidence" [49pp, abstract]
CFDP 1624 Faingold, Eduardo
Sannikov, Yuliy
"Reputation Effects and Equilibrium Degeneracy in Continuous-Time Games" [50pp, abstract]
CFDP 1625 Bergemann, Dirk
Schlag, Karl H.
"Pricing without Priors" [10pp, abstract]
CFDP 1626 Chen, Xiaohong
Reiss, Markus
"On Rate Optimality for Ill-posed Inverse Problems in Econometrics" [27pp, abstract]
CFDP 1627 Evans, Robert
Guinnane, Timothy W.
"Collective Reputation, Professional Regulation and Franchising" [37pp, abstract]
CFDP 1628 Bergemann, Dirk
Morris, Stephen
"The Role of the Common Prior in Robust Implementation" [12pp, abstract]
CFDP 1629 Bergemann, Dirk
Morris, Stephen
"Belief Free Incomplete Information Games" [27pp, abstract]
CFDP 1630 Shiller, Robert J. "Understanding Recent Trends in House Prices and Home Ownership" [46pp, abstract]
CFDP 1631 Andrews, Donald W.K.
Soares, Gustavo
"Inference for Parameters Defined by Moment Inequalities Using Generalized Moment Selection" [58pp, abstract]
CFDP 1632 Shiller, Robert J. "Low Interest Rates and High Asset Prices: An Interpretation in Terms of Changing Popular Models" [32pp, abstract]
CFDP 1633 Bracha, Anat
Brown, Donald J.
"Affective Decision Making: A Behavioral Theory of Choice" [28pp, abstract]

Revised or Updated in 2007

No. Author(s) Title
CFDP 1395RR Brown, Donald J.
Deb, Rahul
Wegkamp, Marten H.
"Tests of Independence in Separable Econometric Models: Theory and Application" (Revised December 2007) [27pp, abstract]
CFDP 1411R Gerardi, Dino
Yariv, Leeat
"Information Acquisition in Committees" (5/07) [53pp, abstract] Forthcoming in Games and Economic Behavior.
CFDP 1480 Caballero, Ricardo J.
Cowan, Kevin N.
Engel, Eduardo M.R.A.
Micco, Alejandro
"Effective Labor Regulation and Microeconomic Flexibility" (Updated 10/2006) [32pp, abstract]
CFDP 1500 Leeb, Hannes
Pötscher, Benedikt
"Sparse Estimators and the Oracle Property, or the Return of Hodges' Estimator" (Updated 4/19/2007) [18pp, abstract]
CFDP 1527R Bergemann, Dirk
Schlag, Karl
"Robust Monopoly Pricing" (Revised 4/2007) [36pp, abstract]
CFDP 1529 Fair, Ray C.
Catambay, Danielle
"Branch Rickey's Equation Fifty Years Later" (Revised January 2007) [13pp, abstract]
CFDP 1536 Fair, Ray C. "Estimated Age Effects in Baseball" (Revised March 2007) [46pp, abstract]
CFDP 1561R Bergemann, Dirk
Morris, Stephen
"Robust Implementation: The Case of Direct Mechanisms" (Revised 5/2007) [39pp, abstract]
CFDP 1570 Fair, Ray C. "Evaluating Inflation Targeting Using a Macroeconometric Model" (Revised March 2007) [51pp, abstract]
CFDP 1575R Cripps, Martin W.
Ely, Jeffrey C.
Mailath, George J.
Samuelson, Larry
"Common Learning" (Revised 6/21/2007) [33pp, abstract]
CFDP 1577 Fair, Ray C. "A Comparison of Five Federal Reserve Chairmen: Was Greenspan the Best?" (Revised March 2007) [36pp, abstract] Reprinted in The B.E. Journal of Macroeconomics, 7(1) (Contributions), Article 12
CFDP 1579 Fair, Ray C. "Interpreting the Predictive Uncertainty of Elections" (Revised May 2007) [29pp, abstract] [Old title: Interpreting the Predictive Uncertainty of Presidential Elections"]
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