Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica - Volume 73

Issue 1

Default and Punishment in General Equilibrium

Pradeep Dubey, John Geanakoplos, Martin Shubik
p. 1-37

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Strategic Experimentation with Exponential Bandits

Godfrey Keller, Sven Rady, Martin Cripps
p. 39-68

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Uncertainty about Uncertainty and Delay in Bargaining

Yossi Feinberg, Andrzej Skrzypacz
p. 69-91

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Existence of Equilibrium in Single and Double Private Value Auctions

Matthew O. Jackson, Jeroen M. Swinkels
p. 93-139

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The Expected Number of Nash Equilibria of a Normal Form Game

Andrew McLennan
p. 141-174

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Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium

Guillaume Rocheteau, Randall Wright
p. 175-202

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Uncertainty and Risk in Financial Markets

Luca Rigotti, Chris Shannon
p. 203-243

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An IV Model of Quantile Treatment Effects

Victor Chernozhukov, Christian Hansen
p. 245-261

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The Affiliation Effect in First‐Price Auctions

Joris Pinkse, Guofu Tan
p. 263-277

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Correcting the Errors: Volatility Forecast Evaluation Using High‐Frequency Data and Realized Volatilities

Torben G. Andersen, Tim Bollerslev, Nour Meddahi
p. 279-296

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Announcements

p. 297-300

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Accepted Manuscripts

p. 301-301

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News Notes

p. 302-302

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Report of the Secretary

p. 303-313

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Report of the Treasurer

p. 315-323

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Report of the Editors

p. 325-328

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Econometrica Referees 2003–2004

p. 329-334

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Reports of the Editors of the Econometric Society Research Monograph Series

p. 335-337

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Submission of Manuscripts to the Econometric Society Monograph Series

p. 339-339

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Issue 2

Income Maintenance and Labor Force Participation

Guy Laroque
p. 341-376

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Belief‐Free Equilibria in Repeated Games

Jeffrey C. Ely, Johannes Hörner, Wojciech Olszewski
p. 377-415

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Teachers, Schools, and Academic Achievement

Steven G. Rivkin, Eric A. Hanushek, John F. Kain
p. 417-458

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Beliefs in Repeated Games

John H. Nachbar
p. 459-480

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Job Matching and the Wage Distribution

Giuseppe Moscarini
p. 481-516

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On the Trade off Between Deficit and Inefficiency and the Double Auction with a Fixed Transaction Fee

Tymon Tatur
p. 517-570

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An Equilibrium Model of Health Insurance Provision and Wage Determination

Matthew S. Dey, Christopher J. Flinn
p. 571-627

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A Partial Folk Theorem for Games with Unknown Payoff Distributions

Thomas Wiseman
p. 629-645

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Existence of Equilibria in Economies with Bads

Chiaki Hara
p. 647-658

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Announcements

p. 659-664

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Accepted Manuscripts

p. 665-665

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News Notes

p. 667-667

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Issue 3

Structural Equations, Treatment Effects, and Econometric Policy Evaluation

James J. Heckman, Edward Vytlacil
p. 669-738

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Complexity and Competition

Douglas Gale, Hamid Sabourian
p. 739-769

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Estimating Semiparametric ARCH(∞) Models by Kernel Smoothing Methods

O. Linton, E. Mammen
p. 771-836

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Asymptotic Distribution Theory for Nonparametric Entropy Measures of Serial Dependence

Yongmiao Hong, Halbert White
p. 837-901

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The Bootstrap and the Edgeworth Correction for Semiparametric Averaged Derivatives*

Yoshihiko Nishiyama, Peter M. Robinson
p. 903-948

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Modeling Denomination Structures

Manjong Lee, Neil Wallace, Tao Zhu
p. 949-960

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Solving Asset Pricing Models when the Price–Dividend Function Is Analytic

Ovidiu L. Calin, Yu Chen, Thomas F. Cosimano, Alex A. Himonas
p. 961-982

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GMM, GEL, Serial Correlation, and Asymptotic Bias

Stanislav Anatolyev
p. 983-1002

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A Comment on Roland Benabou's “Tax and Education Policy in a Heterogeneous‐Agent Economy: What Levels of Redistribution Maximize Growth and Efficiency?”

Xueli Tang, Ian King
p. 1003-1004

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Announcements

p. 1005-1010

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Accepted Manuscripts

p. 1011-1012

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News Notes

p. 1013-1014

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Report of the President

p. 1015-1019

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2004 Election of Fellows to the Econometric Society

p. 1021-1026

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Fellows of the Econometric Society

p. 1027-1052

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Issue 4

Cross Section and Panel Data Estimators for Nonseparable Models with Endogenous Regressors

Joseph G. Altonji, Rosa L. Matzkin
p. 1053-1102

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Testing Parameters in GMM Without Assuming that They Are Identified

Frank Kleibergen
p. 1103-1123

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Probabilities as Similarity‐Weighted Frequencies

Antoine Billot, Itzhak Gilboa, Dov Samet, David Schmeidler
p. 1125-1136

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Uncertainty and Learning in Pharmaceutical Demand

Gregory S. Crawford, Matthew Shum
p. 1137-1173

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On the Bootstrap of the Maximum Score Estimator

Jason Abrevaya, Jian Huang
p. 1175-1204

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Approximate versus Exact Equilibria in Dynamic Economies

Felix Kubler, Karl Schmedders
p. 1205-1235

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Stepwise Multiple Testing as Formalized Data Snooping

Joseph P. Romano, Michael Wolf
p. 1237-1282

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Estimating Long Memory in Volatility

Clifford M. Hurvich, Eric Moulines, Philippe Soulier
p. 1283-1328

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Multilateral Contracting with Externalities

Armando Gomes
p. 1329-1350

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Projection‐Based Statistical Inference in Linear Structural Models with Possibly Weak Instruments

Jean‐Marie Dufour, Mohamed Taamouti
p. 1351-1365

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Uncovering the Distribution of Motorists' Preferences for Travel Time and Reliability

Kenneth A. Small, Clifford Winston, Jia Yan
p. 1367-1382

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Information‐Based Relative Consumption Effects: Correction

Georg Nöldeke, Larry Samuelson
p. 1383-1387

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Announcements

p. 1389-1394

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Accepted Manuscripts

p. 1395-1395

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News Notes

p. 1397-1398

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Submission of Manuscripts to the Econometric Society Monograph Series

p. 1399-1399

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Issue 5

Adaptive Heuristics

Sergiu Hart
p. 1401-1430

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The Optimal Degree of Discretion in Monetary Policy

Susan Athey, Andrew Atkeson, Patrick J. Kehoe
p. 1431-1475

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Affirmative Action in Higher Education: How Do Admission and Financial Aid Rules Affect Future Earnings?

Peter Arcidiacono
p. 1477-1524

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Nonparametric Identification under Discrete Variation

Andrew Chesher
p. 1525-1550

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Cross‐Section Regression with Common Shocks

Donald W. K. Andrews
p. 1551-1585

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Zero Expected Wealth Taxes: A Mirrlees Approach to Dynamic Optimal Taxation

Narayana R. Kocherlakota
p. 1587-1621

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Cursed Equilibrium

Erik Eyster, Matthew Rabin
p. 1623-1672

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Consistent Estimation with a Large Number of Weak Instruments

John C. Chao, Norman R. Swanson
p. 1673-1692

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On the Discrete Version of the Aumann–Shapley Cost‐Sharing Method

Yves Sprumont
p. 1693-1712

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Announcements

p. 1713-1717

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Accepted Manuscripts

p. 1719-1719

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News Notes

p. 1721-1722

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Issue 6

Estimating the Effects of a Time‐Limited Earnings Subsidy for Welfare‐Leavers

David Card, Dean R. Hyslop
p. 1723-1770

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Robust Mechanism Design

Dirk Bergemann, Stephen Morris
p. 1771-1813

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Over‐the‐Counter Markets

Darrell Duffie, Nicolae Gârleanu, Lasse Heje Pedersen
p. 1815-1847

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A Smooth Model of Decision Making under Ambiguity

Peter Klibanoff, Massimo Marinacci, Sujoy Mukerji
p. 1849-1892

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Behavioral Identification in Coalitional Bargaining: An Experimental Analysis of Demand Bargaining and Alternating Offers

Guillaume Fréchette, John H. Kagel, Massimo Morelli
p. 1893-1937

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Accuracy of Simulations for Stochastic Dynamic Models

Manuel S. Santos, Adrian Peralta‐Alva
p. 1939-1976

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Using Asset Prices to Measure the Persistence of the Marginal Utility of Wealth

Fernando Alvarez, Urban J. Jermann
p. 1977-2016

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Driving Forces Behind Informal Sanctions

Armin Falk, Ernst Fehr, Urs Fischbacher
p. 2017-2030

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Announcements

p. 2031-2035

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Accepted Manuscripts

p. 2036-2036

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News Notes

p. 2037-2038

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