Aggregation and Separability (Session 26b-21)
Temporal and Individual Aggregation of Dynamic Demand Systems
Jerome ADDA (Boston University, USA)
Jean-Marc Robin
Latent Separability: Modelling the Demand for Related Goods
Richard BLUNDELL (University College London, UK)
Jean-Marc Robin
Model Specification and Estimation Effects in Applied Demand Analysis Using Microdata
Christopher J. NICOL (University of Regina, Canada)
Aggregation when Markets do not Clear
Leif ANDREASSEN (Statistics Norway)
Specification Tests (Session 26b-22)
Model Specification Testing Based on Root-T Consistent Estimators
Seung Chan AHN (Arizona State University, USA)
Information Matrix Tests for the Composite Error Frontier Model
Naresh C. MALLICK
Anil K. Bera
A Test of Normality Using Nonparametric Residuals
Yoon-Jae WHANG (Ewha University, Korea)
A Specification Test of ConditionalParametric Distributions Using Kernel Estimation Methods
John Xu ZHENG (University of Texas at Austin, USA)
Diffusion Processes (Session 26b-23)
Testing for Embeddability by Stationary Scalar Diffusions
Jean-Pierre FLORENS (Universite des Sciences Sociales, France)
Eric Renault
Nizar Touzi
Diffusion and Waves Effects
Irina PEAUCELLE (CEPREMAP, France)
Christian Gourieroux
Quasi Indirect Inference for Diffusion Processes
Olivier SCAILLET (Laboratoire de Finance-Assurance, France)
Laurence Broze
Jean Michel Zakoian
Identification of Scalar Diffusions Using Eigenvectors
Nizar TOUZI (CREST, France)
Jose A. Scheinkman
Lars P. Hansen
Modeling Inflation (Session 26b-25)
Modelling Inflation in Australia
Gordon DE BROUWER (Australian National University)
Neil R. Ericsson
Forward and Backward Looking Models for Norwegian Export Prices
Ingvild SVENDSEN (Statistics Norway)
Inter-Country Differences in the Relationship between Relative-Price Variability and Average Prices
Mick SILVER (University of Wales, Cardiff, UK)
C. Ioannidis
Openness and Inflation: A New Assessment
Maria Cristina Trindade TERRA (Pontifical Catholic University - Rio de Janeiro, Brazil)
Seasonal Integration (Session 26b-26)
Multiple Unit Roots in Periodic Autoregression
Niels HALDRUP (University of Aarhus, Denmark)
Peter Boswijk
Philip Hans Franses
Bayesian Analysis of Seasonal Unit Roots and Seasonal Mean Shifts
Henk HOEK (Tinbergen Institute)
Philip Hans Franses
Richard Paap
On Periodic Structures and Testing for Seasonal Unit Roots
Hahn Shik LEE (Hyundai Research Institute, Korea)
Eric Ghysels
Alastair Hall
Seasonal Integration and the Evolving Seasonals Model
Adrian PAGAN (Australian National University)
Svend Hylleberg
Real Business Cycle Models (Session 26b-31)
Non-Walrasian Real Business Cycles: I. Deterministic Growth
Bernd LUCKE (Free University of Berlin)
Can a Real Business Cycle Model Pass the Watson Test?
Yi WEN (The University of Iowa, USA)
A Bayesian Approach to Calibration
Charles H. WHITEMAN (The University of Iowa, USA)
David N. DeJong
Beth Fisher Ingram
Crosscountry Comparisons: Savings, Investment, R&D (Session 26b-32)
Feldstein-Horioka Paradox Revisted
Hiroshi FUJIKI (Bank of Japan)
Yukinobu Kitamura
International Capital Mobility in History: Saving-Investment Criteria for Short- and Long-Run Capital Mobility since the Mid-Nineteenth Century
Alan M. TAYLOR (Northwestern University)
R&D Effort, Domestic and International Scale Effects
Gabriel TALMAIN (State Univ. of NY)
Chien-fu Chou
Fukunari Kimura
How Effective are R&D Subsidies? A Panel Analysis of International High-Tech Industries
Bruno VAN POTTELSBERGHE DE LA POTTERIE (Universite Libre de Bruxelles, Belgium)
CGE Applications (Session 26b-33)
A Carbon/Energy Tax for Reducing Pollution and Unemployment in Europe a General Equilibrium Analysis
Ali H. BAYAR (Univ. Libre de Bruxelles)
Trade Liberalization and Fiscal Adjustment: The Case of Mexico
Horacio SOBARZO (El Colegio de Mexico)
Sharing a Non Diversifiable Aggregate Risk: The Case of Export Prices in a Developing Country
Akiko SUWA-EISENMANN (Delta)
Francois Bourguignon
Syllvie Lambert
The Environmental Drag on Long-Term Economic Performance: Evidence from Norway
Haakon Vennemo (Statistics Norway)
Annegrete Bruvoll
Solveig Glomsrod
Debt and Incentives (Session 26b-35)
The Disciplinary Role of Debt: Managerial Compensation and Capital Structure
Yossef SPIEGEL (Tel Aviv University)
Elazar Berkovich
Ronen Israel
Optimal Contract, Imperfect Output Observation, and Limited Liability
Marc A. VAN AUDENRODE (Universite du Quebec a Montreal, Canada)
Jacques P. Lawarree
Competition Reduces X-Inefficiency -- a Limited Liability Effect
Johan STENNEK (Stockholm University)
Airline Capacity and Capital Structure
Anming Zhang (University of Victoria, Canada)
Tae Hoon Oum
Yimin ZHANG
Trade and Political Economy 3 (Session 26b-36)
International Trade and the Internal Organization of Economic Systems: A Heckscher-Ohlin Approach
Urjit R. PATEL (International Monetary Fund, USA)
Voluntary Export Restraints, Anti-Dumping Procedure and Domestic Politics
B. Peter ROSENDORFF (University of Southern California, USA)
Commodity Tax Competition under Alternative Objective Functions and Tax Principles
Andreas WAGENER (University of Muenster, Germany)
General Equilibrium 6: Government Intervention (Session 26b-41)
Supply-Side Economics in a Global Economy
Enrique G. MENDOZA (Board of Governors of the Federal Reserve, USA)
Linda L. Tesar
Fiscal Policy, Structural Adjustment and International Welfare
Oystein THOGERSEN (Norwegian School of Economics and Business Admin., Norway)
Increasing Returns, Distortionary Taxes, and Monetary Policy
Kenneth J. MATHENY (Purdue University, USA)
Effectiveness of Monetary Policy in General Equilibrium with incomplete Financial Markets
Chunfa WANG
Dong Taihen
Macroeconomics 3: Production and Investment Behavior (Session 26b-42)
Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S,s) Approach
Eduardo M. ENGEL (Centro de Economia Aplicada, Chile)
Ricardo J. Caballero
Optimal (S,s) Inventory Policies in General Equilibrium
Jonas D.M. FISHER (University of Western Ontario, Canada)
Andreas Hornstein
Do Firms Smooth the Seasonal in Production in a Boom? Theory and Evidence
Anil KASHYAP (University of Chicago, USA)
Money and Inventories in an Economy with Uncertain and Sequential Trade
Benjamin BENTAL (Israel Institute of Technology, Israel)
Benjamin Eden
Financial Intermediation 1: Dynamics and Incentives (Session 26b-43)
Multiple Banking as a Commitment Not to Rescue
Paul POVEL (London School of Economics, UK)
Integration of Financial Systems and Institutional Path Dependence
Serdar DINC (Stanford University, USA)
On the Design of a Credit Agreement With Peer Monitoring
Beatriz ARMENDARIZ DE AGHION (London School of Economics, UK)
Bank Financing Strategies, Diversification by Certificates of Deposit and Securitization
Mahdi MOKRANE (University of Cergy-Pontoise, France)
Pricing and Imperfect Competition (Session 26b-45)
Consumer Information and Firm Pricing
Simon P. ANDERSON (University of Virginia, USA)
Regis Renault
On the Interaction between Vertical and Horizontal Product Differentiation: An Application to Banking
Hans DEGRYSE (K.U. Leuven, Center for Economic Studies, Belgium)
Selling Proprietary Information to Rivaling Clients
Chi-Wen Jevons LEE (Hong Kong University of Science and Technology)
Chun-Hao Chang
Shu Yeh
Optimal Experimentation in a Changing Environment
Godfrey KELLER (University of Edinburgh, UK)
Sven Rady
Labor Markets 4 (Session 26b-46)
The Random Fair Wage-Effort Hypothesis
Li GAN (University of California, Berkeley, USA)
On and Off-the-Job Search Behavior: Workers' Response to Sectoral Shocks
Fernando LEFORT (Harvard University, USA)
A Matching Model with Wage Announcement
Espen R. MOEN (London School of Economics, UK)
Wage Differentials as Reputation Equilibria
Takako FUJIWARA-GREVE (Keio Univ., Japan)
Allocation 3: Fairness (Session 26b-53)
Pazner-Schmeidler Rules in Large Societies
Lin Zhou (Yale University, USA)
Yves Sprumont
Fair Allocation in a General Model with Indivisible Goods
Carmen BEVIA (University of Alicante, Spain)
Refinements of the No-Envy Solution in Economies with Indivisible Goods
Koichi TADENUMA
(Hitotsubashi University, Japan)
William Thomson
Fairness and Revenue Distribution in Optimal Assignment Mechanisms
Szilvia PAPAI (California Institute of Technology, USA)
Growth 5: Human Capital (Session 26b-54)
Signalling Equilibrium, Intergenerational Mobility and Long-Run Growth
Lakshmi K. RAUT (University of California, San Diego, USA)
Social Status, Education and Growth
Yoram WEISS (Tel Aviv University)
Chaim Fershtman
Kevin Murphy
The Allocative Role of Education in a Small Open Developing Economy
Yong Jin KIM (Dongduck Women's University, Korea)
Se-Jik Kim
On the Content of Human Capital
Boyan JOVANOVIC (New York University, USA)
Yaw Nyarko
Evolution in Games (Session 26b-55)
Evolutive Equilibrium Selection 1: Symmetric Two Player Binary Choice Games
Richard VAUGHAN (University College London, UK)
On the Relationship between Risk-Dominance and Stochastic Stability
Toshimasa MARUTA (Northwestern University, USA)
A Criterion for Evolutionary Stability in Repeated Games Played by Finite Automata
Xavier VILA (University Autonoma de Barcelona, Spain)
Expectations, Drift, and Volatility in Evolutionary Games
Fernando VEGA-REDONDO (Universidad de Alicante, Spain)
Program World Conference Econometric Society Tokyo, August 1995