Advances in Econometrics Fifth World Congress

Truman F. Bewley, Editor
Cambridge University Press, 1987

Editor's Preface

This book and the two companion volumes, Advances in Econometrics - Fifth World Congress, Volumes I & II, contain invited papers presented at symposia of the Fifth World Congress of the Econometric Society in Cambridge, Massachusetts, August 1985. The topics and speakers were chosen by the Program Committee. The symposia surveyed important re- cent developments in economic theory and econometrics. All manuscripts were received by the end of June 1986.

Truman F. Bewley
Chairman of the Program Commitee of the
Fifth World Congress of the Econometric Society

Contents

Chapter 1. Auction Theory, Paul R. Milgrom
Chapter 2. Game-theoretic analyses of trading processes, Robert Wilson
Chapter 3. The theory of contracts, Oliver Hart and Bengt Holmstrom
Chapter 4. Battles for market share: incomplete information, aggressive strategic pricing, and competitive dynamics, John Roberts
Chapter 5. A sequential strategic theory of bargaining, Ariel Rubinstein
Chapter 6. On the complexity of linear programming, Nimrod Megiddo
Chapter 7. Laboratory experimentation in economics, Alvin E. Roth
Chapter 8. Increasing returns and the theory of international trade, Paul R. Krugman
Chapter 9. Strategic aspects of trade policy
Chapter 10. Equilibrium without an auctioneer, Peter Diamond
Chapter 11. Arrow-Debreu programs as microfoundations of macroeconomics, Robert M. Townsend

Volume 1

Chapter 1. Specification testing dynamic models, Halbert White
Chapter 2. Specification tests: an overview, Alberto Holly
Chapter 3. Kernel estimators of regression functions, Herman J. Bierens
Chapter 4. Identification and consistency in semi-nonparametric regression, A. Ronald Gallant
Chapter 5. On econometric models with rational expectations, Laurence Broze and Ariane Szafarz
Chapter 6. Calculating asset prices in three example economies, Lars Peter Hansen
Chapter 7. The Kalman filter: applications to forecasting and rational-expectations models, Robert F. Engle and Mark W. Watson
Chapter 8. Applications of the Kalman filter in econometrics, Andrew C. Harvey

Volume 2

Chapter 9. Econometric metaphors, Edward E. Leamer
Chapter 10. Econometric methodology: a personal perspective, David F. Hendry
Chapter 11. Making economics credible, Christopher A. Sims
Chapter 12. The empirical analysis of tax reforms, Mervyn A. King
Chapter 13. Tests for liquidity constraints: a critical survey and some new observations, Fumio Hayashi
Chapter 14. Life-cycle models of consumption: Is the evidence consistent with the theory?, Angus Deaton
Chapter 15. A framework for relating microeconomic and macroeconomic evidence on intertemporal substitutions, Thomas E. MaCurdy
Chapter 16. The short-run behavior of labour supply, Stephen J. Nickell
Chapter 17. Some pitfalls in applied general equilibrium modeling, Jean Waelbroeck
Chapter 18. Operationalizing Walras: experience with recent applied general equilibrium tax models, John Whalley