## Content

### March 1979, Volume 47, Issue 2

**475-494 Measurement Error in a Dynamic Simultaneous Equations Model with Stationary Disturbances***by*Hsiao, Cheng**495-504 Linear Models with Autocorrelated Errors: Structural Identifiability in the Absence of Minimality Assumptions***by*Deistler, Manfred & Schrader, Jurgen**505-506 A Note on the Numerical Results by Goldberger, Nagar, and Odeh***by*Bianchi, Carlo & Calzolari, Giorgio & Corsi, Paolo**507-510 Information Criteria for Choice of Regression Models: A Comment***by*Leamer, Edward E**511-514 A Note about the "Nowhere Denseness" of Societies Having an Equilibrium under Majority Rule***by*Rubinstein, Ariel**515-519 Class Dominance Characteristics at a Service Facility***by*Balachandran, K R & Schaefer, Mark E**521-523 The Demand for Housing: An Empirical Postscript***by*Polinsky, A Mitchell

### January 1979, Volume 47, Issue 1

**1-24 The Empirical Foundations of the Phillips Curve: Evidence from Canadian Wage Contract Data***by*Riddell, William Craig**25-47 The Optimal Exploitation of Renewable Resource Stocks: Problems of Irreversible Investment***by*Clark, Colin W & Clarke, Frank H & Munro, Gordon R**49-60 A Procedure for Generating Pareto-Efficient Egalitarian-Equivalent Allocations***by*Crawford, Vincent P**61-73 Incentive Compatibility and the Bargaining Problem***by*Myerson, Roger B**75-89 On Interpersonal Comparability and Social Welfare Orderings***by*Gevers, Louis**91-100 Dynamic Choice Theory and Dynamic Programming***by*Kreps, David M & Porteus, Evan L**101-113 Lead-Lag Relations, Exogeneity and Prediction of Economic Time Series***by*Nefti, Salih N**115-128 Efficiency of Least-Squares Estimation of Linear Trend when Residuals are Autocorrelated***by*Chipman, John S**129-151 Maximum Likelihood Estimation of Stochastic Linear Difference Equations with Autoregressive Moving Average Errors***by*Reinsel, Greg**153-161 Sample Selection Bias as a Specification Error***by*Heckman, James J**163-182 Evaluation of the Distribution Function of the Two-Stage Least Squares Estimate***by*Anderson, T W & Sawa, Takamitsu**183-198 Effects of Growing Incomes on Classified Income Distributions, the Derived Lorenz Curves, and Gini Indices***by*Petersen, Hans-Georg**199-202 Neoclassical Theory of Trade Credit: A Critique and A Reformulation***by*Bitros, George C**203-207 Conflict among Criteria for Testing Hypotheses: Extensions and Comments***by*Breusch, T S**209-210 A Grouping Test for Misspecification***by*Farebrother, R W**211-212 Multicollinearity and the Minimax Conditions of the Bock Stein-Like Estimator***by*Fomby, Thomas B & Hill, R Carter

### November 1978, Volume 46, Issue 6

**1251-1271 Specification Tests in Econometrics***by*Hausman, Jerry A**1273-1291 Information Criteria for Discriminating among Alternative Regression Models***by*Sawa, Takamitsu**1293-1301 Testing against General Autoregressive and Moving Average Error Models When the Regressors Include Lagged Dependent Variables***by*Godfrey, Leslie G**1303-1310 Testing for Higher Order Serial Correlation in Regression Equations When the Regressors Include Lagged Dependent Variables***by*Godfrey, Leslie G**1311-1327 A Class of Parametric Tests for Heteroscedasticity in Linear Econometric Models X1-ab***by*Szroeter, Jerzy**1329-1350 On the Existence of the Moments of 3SLS Estimators***by*Sargan, J D**1351-1362 The Computation of FIML Estimates as Iterative Generalized Least Squares Estimates in Linear and Nonlinear Simultaneous Equations Models***by*Dagenais, Marcel G**1363-1387 Decisions with Estimation Uncertainty***by*Klein, Roger W, et al**1389-1409 Two Linear Decentralized Procedures***by*Lacaze, Dominique**1411-1428 On the Time Consistency of Optimal Policy in a Monetary Economy***by*Calvo, Guillermo A**1429-1445 Asset Prices in an Exchange Economy***by*Lucas, Robert E, Jr**1447-1474 Construction of Outcome Functions Guaranteeing Existence and Pareto Optimality of Nash Equilibria***by*Hurwicz, Leonid & Schmeidler, David**1475-1481 Unequal Treatment in the Core***by*Khan, A & Polemarchakis, Heraklis M**1483-1487 An Elementary Core Equivalence Theorem***by*Anderson, Robert M**1489-1492 On Durbin's and Sims' Residuals in Autocorrelation Tests***by*Dent, Warren T & Cassing, Shirley**1493-1494 An Alternative Derivation of Durbin's h Statistic***by*Aldrich, John**1495-1498 Efficiency of Two-Stage and Three-Stage Least Squares Estimators***by*Srivastava, V K & Tiwari, Ramji**1499-1501 A Composite Good Theorem for Simple Sum Aggregates***by*Weiss, Yoram & Sharir, Shmuel**1503-1504 A Note on "Aggregation in Leontief Matrices and the Labor Theory of Value."***by*Mates, Neven

### September 1978, Volume 46, Issue 5

**985-1012 Dynamic Aspects of Earning Mobility***by*Lillard, Lee A & Willis, Robert J**1013-1024 The Measurement of Mobility***by*Shorrocks, A F**1025-1043 The Demand for Leisure and Money***by*Phlips, Louis**1045-1060 A New Representation of Preferences over "Certain A Uncertain" Consumption Pairs: The "Ordinal Certainty Equivalent" Hypothesis***by*Selden, Larry**1061-1076 Competitive Speculation***by*Kohn, Meir**1077-1096 A Multiperiod Equilibrium Asset Pricing Model***by*Stapleton, R C & Subrahmanyam, Marti G**1097-1125 Effective Price Mechanisms***by*Saari, Donald G & Simon, Carl P**1127-1154 The Fixed Price Equilibria: Some Results in Local Comparative Statics***by*Laroque, Guy**1155-1164 Existence of Equilibrium in Infinite Economies with Production***by*Rashid, Salim**1165-1179 The Sensitivity of Fiscal Policy Effects to Assumptions about the Behavior of the Federal Reserve***by*Fair, Ray C**1181-1192 Estimation of a Distributed Lag Model under Quadratic Loss***by*Trivedi, P K**1193-1205 The Estimation of a Simultaneous Equation Generalized Probit Model***by*Amemiya, Takeshi**1207-1209 A Note on the Interpretation of Regression Coefficients within a Class of Truncated Distributions***by*Poirier, Dale J & Melino, Angelo**1211-1215 Note on the Uniqueness of the Maximum Likelihood Estimator for the Tobit Model***by*Olsen, Randall J**1217-1221 On the Estimation of Triangular Structural Systems***by*Lahiri, Kajal & Schmidt, Peter**1223-1226 Bounds for the Bias of the LS Estimator of [sigma][superscript]2 in the Case of a First-Order (Positive) Autoregressive Process When the Regression Contains a Constant Term***by*Neudecker, H**1227-1230 A Note on Dyamic Simulation Forecasts and Stochastic Forecast-Period Exogenous Variables***by*Schmidt, Peter**1231-1237 Investment Decision Rules, Diversification, and the Investor's Initial Wealth***by*Levy, Haim & Kroll, Yoram**1239-1241 A Note on "Marx in the Light of Modern Economic Theory" by M. Morishima***by*Simonovits, Andras**1243-1243 "Marx in the Light of Modern Economic Theory": A Reply***by*Morishima, Michio

### July 1978, Volume 46, Issue 4

**739-760 Examination of Environmental Policies Using Production and Pollution Microparameter Distributions***by*Hochman, Eithan & Zilberman, David**761-777 On a Planning Process Due to Taylor***by*Chander, Parkash**779-805 Existence and Computation of a Tiebout General Equilibrium***by*Richter, Donald K**807-816 Information, Efficiency, and the Core of an Economy***by*Wilson, Robert B**817-833 Ordinal Preferences and Uncertain Lifetimes***by*Fishburn, Peter C**835-841 Advantageous Reallocations of Initial Resources***by*Guesnerie, Roger & Laffont, Jean-Jacques**843-868 The Linear Logarithmic Expenditure System: An Application to Consumption-Leisure Choice***by*Lau, Lawrence J & Lin, Wuu-Long & Yotopoulos, Pan A**869-881 Testing Price Equations for Stability across Spectral Frequency Bands***by*Engle, Robert F**883-900 Superlative Index Numbers and Consistency in Aggregation***by*Diewert, W Erwin**901-929 Nonlinear Estimation and Asymptotic Approximations***by*Ramsey, James B**931-959 Dummy Endogenous Variables in a Simultaneous Equation System***by*Heckman, James J**961-968 Least-Squares versus Instrumental Variables Estimation in a Simple Errors in Variables Model***by*Leamer, Edward E**969-980 Identifiability and Consistent Estimability in Econometric Models***by*Deistler, Manfred & Seifert, Hans-Gunther

### May 1978, Volume 46, Issue 3

**493-513 Choice of Product Quality: Equilibrium and Efficiency***by*Dreze, Jacques H & Hagen, Kare P**515-525 Transversality Condition in a Multi-Sector Economy under Uncertainty***by*Zilcha, Itzhak**527-539 Optimal Growth with a Convex-Concave Production Function***by*Skiba, A K**541-555 An Equilibrium Existence Theorem without Convexity Assumptions***by*Yamazaki, Akira**557-569 Economic Equilibrium and Catastrophe Theory: An Introduction***by*Balasko, Yves**571-575 Non-Convexifiable Pareto Sets***by*Kannai, Yakar & Mantel, Rolf**577-585 Competitive Exchange***by*Wilson, Robert B**587-594 The Nash Solution and the Utility of Bargaining***by*Roth, Alvin E**595-614 Straightforwardness of Game Forms with Lotteries as Outcomes***by*Gibbard, Allan**615-630 A Method for Computing Optimal Decision Rules for a Competitive Firm***by*O'Connor, James F**631-641 Simultaneity in the Birth Rate Equation: The Effects of Education, Labor Force Participation, Income and Health***by*Conger, Darius J & Campbell, John M, Jr**643-661 Temporal Aggregation in the Multiple Regression Model***by*Geweke, John F**663-675 The Heteroscedastic Linear Model: Exact Finite Sample Results***by*Taylor, William E**677-694 Testing Non-Nested Nonlinear Regression Models***by*Pesaran, M H & Deaton, Angus S**695-703 A Modified Stein-like Estimator for the Reduced Form Coefficients of Simultaneous Equations***by*Maasoumi, Esfandiar**705-722 Double k-Class Estimators of Coefficients in Linear Regression***by*Ullah, Aman & Ullah, Shobha**723-726 The Computation of Equilibrium Prices***by*Chander, Parkash

### March 1978, Volume 46, Issue 2

**269-284 Efficiency in the Optimum Supply of Public Goods***by*Lau, Lawrence J & Sheshinski, Eytan & Stiglitz, Joseph E**285-302 How Long Is a Spell of Unemployment?***by*Frank, Robert H**303-316 On Inequality Comparisons***by*Fields, Gary S & Fei, John C H**317-330 Intermediate Preferences and the Majority Rule***by*Grandmont, Jean-Michel**331-343 On a Difficulty in the Analysis of Strategic Voting***by*Sengupta, Manimay**345-363 Estimation of Demand Systems Generated by the Gorman Polar Form: A Generalization of the S-Branch Utility Tree***by*Blackorby, Charles & Boyce, Richard & Russell, R Robert**365-378 Aggregate CES Input Demand with Polytomous Micro Demand***by*McDonald, Richard J & Lawrence, Anthony G**379-396 Joint Production Technology: The Case of Petrochemicals***by*Griffin, James M**397-402 Increasing Returns in General Non-Competitive Analysis***by*Silvestre, Joaquim**403-426 A Conditional Probit Model for Qualitative Choice: Discrete Decisions Recognizing Interdependence and Heterogeneous Preferences***by*Hausman, Jerry A & Wise, David A**427-434 Discrete Parameter Variation: Efficient Estimation of a Switching Regression Model***by*Kiefer, Nicholas M**435-449 Constrained Indirect Least Squares Estimators***by*Wegge, Leon L**451-453 A Note on a Central Limit Theorem***by*Hannan, E J**455-458 A Note on Budgeting, Separability, and Generalized Separability***by*Simmons, Peter**459-460 A Function for Size Distribution of Incomes: Comment***by*Cramer, J S**461-461 A Function for Size Distribution of Incomes: Reply***by*Singh, S K & Maddala, G S**463-469 On the Asymptotic Distribution of Impact and Interim Multipliers***by*Brissimis, Sophocles N & Gill, Leonard**471-471 A Note of Correction to Guilkey's Test for Serial Independence in Simultaneous Equations Models***by*Maritz, Athol**473-476 Some Remarks on the Algorithm of Pindyck***by*Uebe, Gotz & Fischer, Joachim**477-478 A Program for Causal and Qualitative Analysis of Economic***by*Gilli, M & Ritschard, G**479-479 A Computer Program for Seemingly Unrelated Nonlinear Regressions***by*Faurot, David J & Fon, Vincy**481-481 A Program for Nonlinear Multivariate Regression-GCM***by*Snella, Jean-Jacques

### January 1978, Volume 46, Issue 1

**1-19 Bayesian Estimates of Equation System Parameters: An Application of Integration by Monte Carlo***by*Kloek, Tuen & van Dijk, Herman K**21-32 Approximating the Exact Finite Sample Distribution of a Spectral Estimator***by*Poskitt, D S**33-50 Regression Quantiles***by*Koenker, Roger W & Bassett, Gilbert, Jr**51-58 A Maximum Likelihood Procedure for Regression with Autocorrelated Errors***by*Beach, Charles M & MacKinnon, James G**59-67 Testing for Autocorrelation with Missing Observations***by*Savin, N Eugene & White, Kenneth J**69-85 On the Pooling of Time Series and Cross Section Data***by*Mundlak, Yair**87-103 The Bilinear Complementarity Problem and Competitive Equilibria of Piecewise Linear Economic Models***by*Wilson, Robert B**105-125 Wage and Price Controls in a Dynamic Macro Model***by*Possen, Uri M**127-135 Approximate Efficiency of Non-Walrasian Nash Equilibria***by*Postlewaite, A & Schmeidler, David**137-146 Induced Preferences on Trades When Preferences May Be Intransitive and Incomplete***by*Rader, Trout**147-152 A Note on the Characterization of Mechanisms for the Revelation of Preferences***by*Walker, Mark**153-161 Consistent Voting Systems***by*Peleg, Bezalel**163-170 On Nicely Consistent Voting Systems***by*Dutta, Bhaskar & Pattanaik, Prasanta K**171-180 Realization of Choice Functions***by*Campbell, Donald E**181-184 Admissible Sets of Utility Functions in Expected Utility Maximization***by*Russell, William R & Seo, Tae Kun**185-200 Temporal Resolution of Uncertainty and Dynamic Choice Theory***by*Kreps, David M & Porteus, Evan L**201-217 Exploitation of Many Deposits of an Exhaustible Resource***by*Hartwick, John M**219-224 Extermination of Self-Reproducible Natural Resources under Competitive Conditions***by*Hoel, Michael**225-228 A Note on the Use of Durbin's h Test When the Equation is Estimated by Instrumental Variables***by*Godfrey, Leslie G**229-229 Indeterminacy of the Chow Test When the Number of Observations is Insufficient***by*Rea, John D**231-233 Identification and Estimation of Consumer Unit Scales***by*Singh, Balvir & Nagar, Anirudh L**235-236 A Program for Stochastic Simulation of Econometric Models***by*Bianchi, Carlo & Calzolari, Giorgio & Corsi, Paolo**237-237 A Computer Program for Inequality Constrained Least-Squares Estimation***by*Liew, Chong K & Shim, Jae K**239-240 A General Computer Program for Econometric Methods-Shazam***by*White, Kenneth J**241-242 A Fast and Simple Method to Find Rank and Basis for a Matrix***by*Von Hohenbalken, Balder

### November 1977, Volume 45, Issue 8

**1747-1766 Macroeconometric Models of the Soviet Union and Eastern European Economies: A Tabular Survey***by*Shapiro, Harold T**1767-1776 A Generalization of the Open Expanding Economy Model***by*Moeschlin, Otto**1777-1796 Continuity of Equilibria for Production Economies: New Results***by*Fuchs, Gerard**1797-1821 The Structure of Technology over Time: A Model for Testing the "Putty-Clay" Hypothesis***by*Fuss, Melvyn A**1823-1835 Efficient Investment and Growth Consistency in the Input-Output Frame: An Analytical Contribution***by*Lahiri, Sajal**1837-1858 The United Kingdom Tax System, 1968-1970: Some Fixed Point Indications of Its Economic Impact***by*Whalley, John**1859-1869 A Recommendation for a Better Tariff Structure***by*Hatta, Tatsuo**1871-1875 Nonlinearity of Delivered Price Schedules and Predatory Pricing***by*Greenhut, John G & Greenhut, M L**1877-1878 A Note on the Stability of Large Cartels***by*Postlewaite, Andrew & Roberts, John**1879-1906 A Model of Borrowing and Lending with Bankruptcy***by*Hellwig, Martin F**1907-1924 Towards a Theory of Elections with Probabilistic Preferences***by*Fishburn, Peter C & Gehrlein, William V**1925-1955 Global Characterization of the Weak Le Chatelier-Samuelson Principles and Its Applications to Economic Behavior, Preferences, and Utility-"Embedding" Theorems***by*Kusumoto, Sho-Ichiro**1957-1976 Integrability and Mathematical Programming Models: A Survey and a Parametric Approach***by*Carey, Malachy**1977-1988 The Estimation of Choice Probabilities from Choice Based Samples***by*Manski, Charles F & Lerman, Steven R**1989-1996 The Durbin-Watson Test for Serial Correlation with Extreme Sample Sizes or Many Regressors***by*Savin, N Eugene & White, Kenneth J**1997-2001 Some Evidence on the Largest Squared Correlation Coefficient from Several Samples***by*Bacon, Robert W

### October 1977, Volume 45, Issue 7

**1539-1572 On Weights and Measures: Informational Constraints in Social Welfare Analysis***by*Sen, Amartya K**1573-1588 The Manipulation of Social Choice Mechanisms That Do Not Leave "Too Much" to Chance***by*Barbera, Salvador**1589-1594 The Ratio Equilibria and the Core of the Voting Game G(N, W) in a Public Goods Economy***by*Kaneko, Mamoru**1595-1605 The Nature of Equilibrium with Semiordered Preferences***by*Jamison, Dean T & Lau, Lawrence J**1607-1621 Incentive Compatible Behavior in Core-Selecting Organizations***by*Ledyard, John O**1623-1630 Proportional Solutions to Bargaining Situations: Interpersonal Utility Comparisons***by*Kalai, Ehud**1631-1637 Two-Person Bargaining Problems and Comparable Utility***by*Myerson, Roger B**1651-1656 Price-Taking Behavior***by*Johansen, Leif**1657-1680 Trade and Prices in a Closed Economy with Exogeneous Uncertainty, Different Levels of Information, Money and Compound Futures Markets***by*Dubey, Pradeep & Shubik, Martin**1681-1702 Quality Change and the Demand for Hospital Care***by*Feldstein, Martin S**1703-1715 'Second Best' Congestion Taxes in Transportation Systems***by*Bertrand, Trent J**1717-1722 The Estimation of Simultaneous Probability Models***by*Mallar, Charles D**1723-1727 A Note on the Computation of the Tobit Estimator***by*Fair, Ray C**1729-1734 A Note on Distributed Lags, Prediction, and Signal Extraction***by*Grether, David M**1735-1736 On the Granger Condition for Non-Causality***by*Hosoya, Yuzo**1737-1739 The Stability of Models of Money and Perfect Foresight: A Comment***by*Calvo, Guillermo A**1741-1741 A Computer Program for Box-Cox Transformation and Estimation Technique***by*Chang, Hui Shyong

### September 1977, Volume 45, Issue 6

**1303-1327 The Independent Inputs of Production***by*Theil, Henri**1329-1338 Pricing under Spatial Competition and Spatial Monopoly***by*Capozza, Dennis R & Van Order, Robert**1339-1348 A Quantity -Quantity Algorithm for Planning under Increasing Returns to Scale***by*Cremer, Jacques**1349-1363 A Convergent Adjustment Process for Firms in Competition***by*Gates, D J & Rickard, J A & Wilson, D J**1365-1376 The Continuity of Optimal Dynamic Decision Rules***by*Jordan, J S**1377-1385 Conditions for Unique Solutions in Stochastic Macroeconomic Models with Rational Expectations***by*Taylor, John B**1387-1407 Regular, Nonconvex Economies***by*Mas-Colell, Andreu**1409-1430 The Recoverability of Consumers' Preferences from Market Demand Behavior***by*Mas-Colell, Andreu**1431-1438 Aggregation Procedure for Cardinal Preferences: A Formulation and Proof of Samuelson's Impossibility Conjecture***by*Kalai, Ehud & Schmeidler, David**1439-1455 Measuring Returns to Scale in the Aggregate, and the Scale Effect of Public Goods***by*Starrett, David A**1457-1466 Existence of Limit Cycles and Control in Complete Keynesian System by Theory of Bifurcations***by*Torre, V**1467-1480 Existence of Stable Distributed Lags***by*Just, Richard E**1481-1497 Multiple Time Series Analysis and the Final Form of Econometric Models***by*Wallis, Kenneth F**1499-1515 Efficient Estimation and Inference in Large Econometric Systems***by*Byron, R P**1517-1534 A General Theorem in the Theory of Asymptotic Expansions as Approximations to the Finite Sample Distributions of Econometric Estimators***by*Phillips, Peter C B**1535-1536 Pooled Time-Series Cross-Section Estimation***by*Havenner, Arthur & Herman, Ronald

### July 1977, Volume 45, Issue 5

**1043-1063 On the Theory of Layoffs and Unemployment***by*Baily, Martin Neil**1065-1079 Fertility, Schooling, and the Economic Contribution of Children in Rural India: An Econometric Analysis***by*Rosenzweig, Mark R & Evenson, Robert E**1081-1097 A Logit Model of Homeownership***by*Li, Mingche M**1099-1115 Determinants of Scrapping Rates for Postwar Vintage Automobiles***by*Parks, Richard W**1117-1136 Recursive Subaggregation and a Generalized Hypocycloidal Demand Model***by*Barnett, William A**1137-1161 Power and Taxes***by*Aumann, Robert J & Kurz, Mordecai**1163-1172 A New Approach to the Nash Bargaining Problem***by*Brito, Dagobert L & Buoncristiani, A M & Intriligator, M D**1173-1182 Revealed Preference and Aggregation***by*Shafer, Wayne J**1183-1186 A Note on Separability and Quasiconcavity***by*Yaari, Menahem E**1187-1204 Disequilibrium Econometrics for Business Loans***by*Laffont, Jean-Jacques & Garcia, Rene**1205-1220 The Asymptotic Properties of a Maximum Likelihood Estimator for a Model of Markets in Disequilibrium***by*Hartley, Michael J & Mallela, Parthasaradhi**1221-1242 Inferential Procedures in Nonlinear Models: An Application in a UK Industrial Cross Section Study of Factor Substitution and Returns to Scale***by*Mizon, Grayham E