Front Matter

The Role of Information in U.S. Offshore Oil and Gas Lease Auction

Robert H. Porter
p. 1-27

The Incidence of Adverse Medical Outcomes Under Prospective Payment

David M. Cutler
p. 29-50

Strategy-Proof Exchange

Matthew O. Jackson, Salvador Barbera
p. 51-87

Efficiency of an Information System in an Agency Model

Son Ku Kim
p. 89-102

Adaptive Dynamics in Coordination Games

Vincent P. Crawford
p. 103-143

$p$-Dominance and Belief Potential

Hyun Song Shin, Rafael Rob, Stephen Morris
p. 145-157

Subjective Probability Without Monotonicity: or How Machina's Mom May Also be Probabilistically Sophisticated

Simon Grant
p. 159-189

Notes and Comments: Every Stable Set Contains a Fully Stable Set

Srihari Govindan
p. 191-193

Notes and Comments: Local Convergence of Recursive Learning to Steady States and Cycles in Stochastic Nonlinear Models

George W. Evans, Seppo Honkapohja
p. 195-206

Notes and Comments: A Mirror Image Invariance for $M$-Estimators

Andrew Chesher
p. 207-211

Announcements

p. 213-221

News Notes

p. 223-226

The Econometric Society Annual Reports, 1994: Report of the Secretary

p. 227-234

The Econometric Society Annual Reports, 1994: Report of the Treasurer

Robert J. Gordon
p. 235-240

The Econometric Society Annual Reports, 1994: Report of the Editors 1993-1994

David Card, Douglas Gale, Guy Laroque, Peter Robinson
p. 241-242

The Econometric Society Annual Reports, 1994: Econometrica Referees 1993-1994

p. 243-247

The Econometric Society Annual Reports, 1994: The Econometric Society Research Monograph Series: Report of the Editors

Alberto Holly, Avinash Dixit
p. 249-250

Program of the 1994 North American Summer Meeting of the Econometric Society

p. 251-264

Back Matter