799

Competitively Cost Advantageous Mergers and Monopolization


Morton I. Kamien and Israel Zang, December 1988. 


798

ConsumerBenefited Cartels Under Strategic Capital Investment
Competition 

Akihiko Matsui, June 1987, Revised August 1988. 


797

A Note on Fiscal Policy Under Flexible Exchange Rates


Pekka Ahtiala, July 1988. 


796

Mechanism Design 

Roger B. Myerson, September 1988. 


795

Involuntary Unemployment and the Threat to Shirking Workers


Hiroshi Osano, September 1988. 


794

The Potential Disadvantage of Becoming Too Large In Duopolistic
Industry 

Chaim Fershtman and Eitan Muller, June 1988. 


793

The Nature of Equilibria in the Buyer's Bid Double Auction


Steven R. Williams, August 1988. 


792

Corporate Spinoffs in an Agency Framework 

Debra J. Aron, Revised June 1988. 


791

Full Bayesian Implementation 

Matthew O. Jackson, December1987, Revised August 1988.



790

Equilibrium, Price Formation and the Value of Information
in Economies with Privately Informed Agents 

Matthew O. Jackson, December 1987, Revised May 1988. 


789

On The Order of Eliminating Dominated Strategies 

Ehud Kalai and Eitan Zemel, August 1988. 


788

Information and TimeOfUse Decisions in Stochastically
Congestable Facilities 

Richard Arnott, Andre de Palma and Robin Lindsey, Revised
June 1988. 


787

Advertising, Coordination, and Signaling 

Kyle Bagwell and Garey Ramey, August 1988. 


786

Information Leakage Forces Cooperation 

Akihiko Matsui, May 1988. 


785

Bertrand Competition with Subcontracting 

Morton I. Kamien, Lode Li, and Dov Samet, June 1988. 


784

Stationary Sequential Equilibria in Bargaining With TwoSided
Incomplete Information 

Lawrence M. Ausubel and Raymond J. Deneckere, June 1988.



783

Bounded Rationality and Strategic Complexity in Repeated
Games 

Ehud Kalai, October 1987, Revised June 1988. 


782

A Theory of Voting Equilibria 

Roger B. Myerson and Robert J. Weber, Revised 1992. 


781

Similarity of Correlated Equilibria 

Kevin Cotter, July 1988. 


780

Public Utility Pricing and Capacity Choice Under Risk:
A Rational Expectations Approach 

Stephen Coate and John C. Panzer, Revised June 1988. 


779

On Existence of a Nash Equilibrium Point in NPerson Nonzero
Sum Stochastic Jump Differential Games 

Birger Wernerfelt, June 1988. 


778

Market Frictions and Posted Prices 

Birger Wernerfelt, June l988. 


777

Nash and Correlated Equilibria: Some Complexity Considerations


Itzhak Gilboa and Eitan Zemel, June 1988. 


776

ResaleProof Trades of Information 

Mikio Nakayama, L.Quintas and S. Muto, Revised May 1988.



775

Bargaining with Common Values 

Daniel R. Vincent, June 1988. 


774

PartiallyRevealing Rational Expectations Equilibrium
in a Competitive Economy 

Lawrence M. Ausubel, April 1988. 


773

Price Leadership 

Raymond Deneckere and Dan Kovenock, March 1988. 


772

Dynamic Monopoly Power When Search is Costly 

Kyle Bagwell and Michael Peters, April 1988. 


771

Quality vs. Quantity in Military Procurement: An Organizational
Theory of Decision Bias 

William P. Rogerson, February 1988. 


770

Dynamic Auctions 

Daniel R. Vincent, March 1988. 


769

Managerial Incentives in An Entrepreneurial Stock Market
Model 

R. E. Kihlstrom and Steven A. Matthews, March 1988. 


768

Testing Between Competing Models of Business Cycles: The
Efficient LongTerm Contract Hypothesis versus the Intertemporal
Substitution Hypothesis 

H. Osano and T. Inoue, March 1988. 


767

Sustainable Matching Plans with Adverse Selection 

Roger B. Myerson, March 1988. 


766

Efficient Investment and Trade with Asymmetric Information


William P. Rogerson, January 1988. 


765

A Strategic Form for a Convex Game 

M. Nakayama, February 1988. 


764

Uniqueness of Nash Equilibrium Points in Bimatrix Games


L. G. Quintas, February 1988. 


763

Equilibrium of Repeated Games With Cost of Implementation


Alejandro Neme and Luis Quintas, August 1988. 


762

A Note on Polymatrix Games 

L. G. Quintas, January 1988. 


761

Informational Externalities and the Scope of Efficient
Dominant Strategy Mechanisms 

Steven R. Williams and R. Radner, February 1968. 


760

Efficiency in Partnership When The Joint Output is Uncertain


Steven R. Williams and Roy Radner, February 1988. 


759

Profit Regulation of Defense Contractors and Prizes for
Innovation : Theory and Evidence 

William P. Rogerson, January 1988. 


758

The Role of Export Subsidies When Product Quality is Unknown


Kyle Bagwell and R. Staiger, Revised May 1987. 


757

A Cooperative Game of Information Trading: The Core and
the Nucleolus 

S. Muto and M. Nakayama, January l988. 


756

Optimal Orderings for Parallel Search 

Tara Vishwanath, August 1987. 


755

Nonlinear Dynamics Applied to Numerical Analysis and Economics


Donald G. Saari, January 1988. 


754

The Limits of Monopolization Through Acquisition 

Morton I. Kamien and Israel Zang, December 1987. 


753

The Coordination Problem and Equilibrium Theories of Recessions


Larry E. Jones and R. E. Manuelli, December 1987. 


752

The Logit as a Theoretical Model of Product Differentiation:
Market Equilibrium and Social Optimum 

Simon Anderson and Andre de Palma, Revised June 1987.



751

The Polytope of Degree Sequences 

Uri N. Peled and Murali L Srinivasan, November 1987. 


750

Competition, Relativism, and Market Choice 

Debra J. Aron and Edward P. Lazear, October 1987. 


749

Ignoring Ignorance and Agreeing to Disagree 

D. Samet, October 1987. 


748

Is Approval Voting an 'Unmitigated Evil?' A Response to
Brams, Fishburn, and Merrill 

Donald G. Saari and Jill Van Newenhizen, October 1987.



747

Symmetry and Extensions of Arrow's Theorem 

Donald G. Saari, October 1987. 


746

Turnpike Properties in a Finite Horizon Differential Game:
Dynamic Duopoly with Sticky Prices 

Chaim Fershtman and Morton I. Kamien, October 1987. 


745

A Dictionary for Voting Paradoxes 

Donald G. Saari, July 1987. 


744

PrePlay Communication in TwoPerson SealedBid Double
Auctions 

Steven A. Matthews and Andrew Postlewaite, Revised March
1988. 


743

Market Frictions and Hierarchical Trading Institutions


Birger Wernerfelt, September 1987. 


742

Infinite Horizon Games With Perfect Equilibrium Points


Subir K. Chakrabarti, July 1987. 


741

The Rate of Convergence to Efficiency In The Buyer's Bid
Double Auction As The Market Becomes Large 

Mark A. Satterthwaite and Steven R. Williams, February
15, 1988. 


740

The Core of ResaleProof Information Trades 

Mikio Nakayama and Luis Quintas, April 1988. 


739

On the Perniciousness of Direct Elections in Organizations
Democratically Ruled by Imperfectly Informed Members:
A SingleAgent MultiplePrincipal Agency Problem 

Virgilio Rodriguez, August 1987. 


738

Perfect Equilibria in a Trade Liberalization Game 

Kiminori Matsuyama, April 1987, Revised June 1987. 


737

Immiserizing Growth in Diamond's Overlapping Generations
Model: A Geometrical Exposition 

K. Matsuyama, March 1986, Revised July 1987. 


736

On the Approximation of Upper SemiContinuous Correspondences
and the Equilibriums of Generalized Games 

C. Ionescu Tulcea, June 1987. 


735

Susceptibility to Manipulation 

Donald G. Saari, June 1987. 


734

Cyclical and Chaotic Behavior in a Dynamic Equilibrium
Model, With Implications for Fiscal Policy 

Raymond Deneckere and Kenneth Judd, October 1986, Revised
December 1987. 


733

Quantity Discount Schemes for Channel Coordination 

Mark Parry and Dipak Jain, February 1987. 


732

A Stochastic Model of Household Brand Switching Behavior


Dipak Jain and ShunChen Niu, January 1987. 


731

Cooperation Through Delegation 

Chaim Fershtman, Kenneth Judd and Ehud Kalai, Revised
December 1987. 


730

Optimality of a General Ad Valorem Tax 

Lars ThorlundPetersen, May 1987. 


729

Advertising and Limit Pricing 

Kyle Bagwell and Garey Ramey, April 1987. 


728

A Direct Mechanism Characterization of Sequential Bargaining
With OneSided Incomplete Information 

Lawrence M. Ausubel and Raymond J. Deneckere, Revised
September 1987. 


727

Commuters' Paths With Penalties for Early or Late Arrival
Time 

Andre de Palma, Pierre Hansen and Martine Labbe, April
1987. 


726

Demand for Differentiated Products, Discrete Choice Models,
and the Address Approach 

Simon P. Anderson, Andre de Palma and JacquesFrancois
Thisse, April l987. 


725

SchurConvex Homogenous Difference Equations 

Lars ThorlundPetersen, March 1987. 


724

Cash Versus Direct Food Relief 

Stephen Coate, February 1987. 


723

Bilateral Trade With The Sealed Bid KDouble Action: Existence
And Efficiency 

Mark A. Satterthwaite and Steven R. Williams, Revised
December 1987. 


722

Introductory Price as a Signal of Cost in a Model of Repeat
Business 

Kyle Bagwell, Revised March 1987. 


721

Dynamic Matching Problems With Incentive Constraints 

Roger B. Myerson, March 1987. 


720

Competitive Location in the Plane 

Zvi Drezner and Eitan Zemel, Revised February 1987. 


719

Lexicographic Domination in Extensive Games 

Akira Okada, February 1987. 


718

Approximation of ThirdDegree Stochastic Dominance by
Cone Orderings 

Lars ThorlundPetersen, January 1987. 


717

The Value of Information in a Strategic Conflict 

Morton I. Kamien, Yair Tauman and Shmuel Zamir, February
1987. 


716

Strong, Perfect Equilibrium Payoffs of Inertia Supergames


Subir K. Chakrabarati, January 1987. 


715

Umbrella Branding as a Signal of New Product Quality:
An Example of Reputational Economies of Scope 

Birger Wemerfelt, December 1986. 


714

On the Optimality of Menus of Linear Contracts 

William P. Rogerson, January 1987. 


713

On The Computational Complexity of Facets of the Knapsack
Problem 

Eitan Zemel, December 1986. 


712

Symmetry, Voting, and Social Choice 

Donald G. Saari, November 1986. 


711

Informational Product Differentiation as a Barrier to
Entry 

Kyle Bagwell, November 1986. 


710

We Eventually Agree 

James Bergin, September 1986. 


709

Convergence of Games With Asymmetric Information 

Kevin D. Cotter, Revised April 1987. 


708

The Rate At Which a Simple Market Becomes Efficient as
the Number of Traders Increases: An Asymptotic Result
for Optimal Trading Mechanisms 

Thomas A. Gresik and Mark A. Satterthwaite, Revised October
1986. 


707

Price Advertising and the Deterioration of Product Quality


William P. Rogerson, Revised October 1986. 


706

A TwoPerson Repeated Bargaining Game with LongTerm Contracts


Akira Okada, November 1986. 


705

Equilibrium Price Dynamics for an Experience Good 

Kyle Bagwell and Michael Riordan, September 1986. 


704

Advertising as a Signal When Price Guarantees Quality


William P. Rogerson, September 1986. 


703

Internal Pricing and Cost Allocation for Efficient Decentralized
Control 

Avraham Beja and Israel Zang, September 1986. 


702

PartiallyRevealing Rational Expectations Equilibria in
a General Equilibrium Economy: An Example Without Noise


Lawrence M. Ausubel, September 1986. 


701

Should Food Aid Be Given Away or Sold During a Famine?


Stephen Coate, August 1986, revised August 1987. 


700

Discrete Versus Continuous Trading in Securities Markets
with Net Worth Constraints 

Kerry Back and Stanley R. Pliska, September 1986. 


699

LearningbyDoing and the Introduction of New Goods 

Nancy L Stokey, September 1986, revised May 1987. 


698

A Note on the Existence of Single Price Equilibrium Price
Distributions in Sequential Search Models 

William P. Rogerson, April 1986. 


697

The Dissipation of Profits by Brand Name Investment and
Entry When Price Guarantees Quality 

William P. Rogerson, September 1985, Revised April 1986.



696

On the Equilibriums of Generalized Games 

C. Ionescu Tulcea, August 1986. 


695

Reputation in Bargaining and Durable Goods Monopoly 

Lawrence M. Ausubel and Raymond J. Deneckere, June 1986.



694

Uniqueness of Nash Equilibrium for LinearConvex Stochastic
Differential Games 

Birger Wernerfelt, January 1986. 


693

Tacit Collusion and Product Differentiation 

Birger Wernerfelt, July 1986. 


692

Information Revelation in Infinitely Repeated Incomplete
Information Games 

James Bergin, July l986. 


691

Credible Negotiation Statements and Coherent Plans 

Roger B. Myerson, August 1986, revised August 1987. 


690

The Shadow Price of Information in Continuous Time Decision
Problems 

Kerry Back and Stanley R. Pliska, July 1986, revised March
1987. 


689

The Importance of the Agenda in Bargaining 

Chaim Fershtman, July 1986. 


688

Preemptive Bidding and the Role of the Medium of Exchange
in Acquisitions 

Michael J. Fishman, July 1986. 


687

The Use of Options in Generating and Pricing Return Streams


James Bergin, November 1985. 


686

A Characterization of Sequential Equilibrium Strategies
in Infinitely Repeated Incomplete Information Games 

James Bergin, April 1986. 


685

On Communication, Bounded Complexity and Cooperation 

Eitan Zemel, Revised November 1986. 


684

Monopolistic Competition and Preference Diversity 

Raymond Deneckere and Michael Rothschild, February 1986.



683

Securities Market Equilibrium Without Bankruptcy: Contingent
Claim Valuation and the Martingale Property 

Kerry Back, May 1986, Revised July 1986. 


682

The Macroeconomic Effects of Uncertain Fiscal Policy 

Kenneth L. Judd, December 1984, Revised February 1986.



681

Capital Gains Taxation by Realization in Dynamic General
Equilibrium 

Kenneth L. Judd, February 1986. 


680

Are BayesianNash Incentives and Implementations Perfect?


Ehud Kalai and Dov Samet, May 1986. 


679

Finite Rationality and Interpersonal Complexity in Repeated
Games 

Ehud Kalai and William Stanford, April 1986. 


678

On the Existence of Sunspot Equilibria in an Overlapping
Generations Model 

James Peck, March 1986. 


677

The Kinked Demand Curve, Facilitating Practices, and Oligopolistic
Competition 

Ehud Kalai and Mark A. Satterthwaite, February 1986. 


676

Strategic Behavior and Competition : An Overview 

Ehud Kalai, February 1986. 


675

Excess Capacity and Collusion 

Carl Davidson and Raymond Deneckere, Revised February
1986. 


674

Efficient Allocation 

Stanley Reiter, February 1986. 


673

Optimal Consumption Plans and Portfolio Management with
DurationDependent Returns 

Yves Balcer and Kenneth L. Judd, September 1985. 


672

Inference in the Explosive FirstOrder Linear Dynamic
Regression Model 

Ian Domowitz and Lars Muus, Revised December 1985. 


671

Axiomatic Foundations of Bayesian Decision Theory 

Roger B. Myerson, January 1986. 


670

A Theory of Preemptive Takeover Bidding 

Michael J. Fishman, December 1985. 


669

One is Almost Enough for Monopoly 

Lawrence Ausubel and Raymond Deneckere, Revised January
1987. 


668

Reputation Effect in Equilibrium Search and BargainingA
Stigma Theory of Unemployment Duration 

Elazar Berkovitch, March 1985, Revised October 1985. 


667

A Theory of Acquisition MarketsMergers vs Tender Offers


Elazar Berkovitch and Naveen Khanna, October 1985.


Published as "A Theory of Acquisition MarketsMergers
vs. Tender Offers and Golden Parachutes," in the
Review of Financial Studies, Vol 4, No. 1, 1991,
pp. 149174. 


666

Negotiation and Arbitration: A GameTheoretic Perspective


Robert J. Weber, November 1985. 


665

Optimal License Fees for a New Product 

Morton I. Kamien, Yair Tauman and Israel Zang, June 1985.



664

Comparing Auctions for Risk Averse Buyers: A Buyer's Point
of View 

Steven A. Matthews, October 1985, Revised March 1986.



663

Game Forms with Minimal Strategy Spaces 

Stefan Reichelstein and Stanley Reiter, July 1985. 


662

Implicit Labor Contracts to Explain Turnover 

Elazar Berkovitch, May 1985. 

Published in Journal of Labor Economics, July 1986.



661

Monopoly Provision of Quality and Warranties: An Exploration
in the Theory of Multidimensional Screening 

Steven Matthews and John Moore, August 1985, Revised 1986.



660

Probabilistic Analysis of the Capacitated Transportation
Problem 

Refael Hassin and Eitan Zemel, August 1985. 


659

The Role of External Search in Bilateral Bargaining 

S. D. Chikte and S.D. Deshmukh, July 1985. 


658

Negotiation in Games: A Theoretical Overview 

Roger B. Myerson, July 1985. 


657

Incentive Compatibility Problems in SovietType Economies


Richard Ericson, October 1984, Revised May 1985. 


656

Average Waiting Time in Queues with Scheduled Batch Services


Süleyman Özekici, February 1985. 


655

Minimal Euclidean Networks with Flow Dependent CostsThe
Generalized Steiner Case: A Monograph 

Dan Trietsch, May 1985. 


654

Optimal Motion Towards a Stochastic Destination 

Dan Trietsch, May 1985. 


653

Convergence of Information, Random Variables and Noise


Kevin D. Cotter, May 1985, revised August 1985. 


652

A Measure for Crisis Instability 

Barry O'Neill, March 1985. 


651

Applications of a Crisis Instability Index: Arms Control
Agreements and SpaceBased Missile Defenses 

Barry O'Neill, March 1985. 


650

International Escalation and the Dollar Auction 

Barry O'Neill, March 1985. 


649

On Neighboring Consumers 

Kerry Back, April 1985, revised November 1986. 


648

Incentive Compatibility Ten Years Later 

Theodore Groves and John O. Ledyard, April 1985. 


647

ClosedLoop Equilibrium in a MultiStage Innovation Race


Kenneth L. Judd, February 1985. 


646

Comprehensive Design of Highway Networks 

Dan Trietsch, March 1985. 


645

A Family of Methods for the Preliminary Design of Highways


Dan Trietsch, January 1985. 


644

Optimum Product Diversity and the Incentives for Entry
in Large Economies 

Larry E. Jones, February 1985. 


643

The Welfare Cost of Factor Taxation in a Perfect Foresight
Model 

Kenneth L. Judd, December 1984. 


642

Equilibrium Incentives in Oligopoly 

Chaim Fershtman and Kenneth L Judd, Revised April 1986.



641

The Rate at Which a Simple Market Becomes Efficient as
the Number of Traders Increases: An Asymptotic Result
for Optimal Trading Mechanisms 

Thomas A. Gresik and Mark A. Satterthwaite, January 1985.



640

Connecting Euclidean NetworksThe Steiner Case 

Dan Trietsch, January 1985. 


639R

Some Notes on Natural Cubic Spline Functions, Nonlinear
Regression and the Elastica 

Dan Trietsch, January 1985, revised May 1985. 


638

The Optimal Ranking Method is the Borda Count 

Donald G. Saari, January 1985. 


637

A Case Against Bullet, Approval and Plurality Voting 

Donald G. Saari and Jill Van Newenhizen, January 1985.



636

Random Behavior in Numerical Analysis, Decision Theory,
and Macrosystems: Some Impossibility Theorems 

Donald G. Saari, December 1984. 


635

An Improved Algorithm for Steiner Trees 

Dan Trietsch, December 1984, revised May 1985. 


634

The Economics of Quality Testing and Disclosure 

Steven A. Matthews and Andrew Postlewaite, December 1984.



633

Structure of Consumption Sets and Existence of Equilibria
in InfiniteDimensional Spaces 

Kerry Back, March 1986, revised August 1986. 


632

Augmenting Euclidean NetworksThe Steiner Case 

Dan Trietsch, Revised November 1984. 


631

Continuity of the Fenchel Transform of Convex Functions


Kerry Back, November 1983, Revised December 1984. 


630

Quit Probabilities and Job Tenure: On the Job Training
or Matching? 

Dale T. Mortensen, August 1984. 


629

The Dynamics of IndustryWide Learning 

Nancy L. Stokey, October 1984, Revised July l985. 


628

Money and Interest in a CashInAdvance Economy 

Robert E. Lucas Jr. and Nancy L. Stokey, October 1984,
revised July 1985. 


627

The Theory of Principal and Agent: Part 1 

Ray Rees, October 1984. 


626

Sustainable Outlay Schedules 

J.C. Panzar and A.W. Postlewaite, Revised August 1984.



625

Euler's Problem of Polygon Division and Full Steiner TopologiesA
Duality 

Dan Trietsch, October 1984. 


624

General Equilibrium and Growth Under Uncertainty: The
Turnpike Property 

Ramon Marimon, August 1984. 


623

An Introduction to Game Theory 

Roger B. Myerson, September 1984, Revised July 1985. 


622

Market Structure and International Technology Transfer


Kisang Lee, August 1984. 


621

International Technology Transfer and Technology Diffusion
Effects 

Kisang Lee, August 1984. 


620

Price Adjustment Speed and Dynamic Duopolistic Competitors


Chaim Fershtman and Morton I. Kamien, August 1984. 


619

Random Binary Search: A Randomizing Algorithm for Global
Optimization in R1 

Eitan Zemel, August 1984. 


618

Banking Panics, Information and Rational Expectations
Equilibrium 

V.V. Chari and Ravi Jagannathan, July 1984. 


617

Layoffs and Unemployment Compensation as Social Instruments


V.V. Chari, July 1984. 


616

Stochastic Specification of Cost and Production Relationships


Peter E. Rossi, August 1984. 


615

A Stochastic Theory of Monopolistic Firms 

Lode Li, July 1984. 


614

A Linear Time Randomizing Algorithm for Local Roots and
Optima of Ranked Functions 

Eitan Zemel, September 1983, Revised July 1984. 


613

An O (n log n) Randomizing Algorithm for the Weighted
Euclidean 1Center Problem 

Nimrod Megiddo and Eitan Zemel, August 1984. 


612

Monopoly Bundling of Warranty and Quality When Quality
is Unobservable 

Thomas J. Holmes, July 1984. 


611

Money and Prices in a Small Economy 

Bjorn Wahlroos, June 1984. 


610

Uncertain Lifetimes, Pension Annuities, and LifeCycle
Saving 

R. Glenn Hubbard, August 1983, Revised April 1984. 


609

The Source of Some Paradoxes from Social Choice and Probability


Donald G. Saari, March 1984. 


608

A Stochastic Calculus Model of Continuous Trading: Optimal
Portfolios 

Stanley R. Pliska, March 1984. 


607

The Representation Problem and the Efficiency of the Price
Mechanism 

Donald G. Saari, June 1984. 


606

Efficiency, Adverse Selection, and Production 

Kenneth L. Judd, June 1984. 


605

How a Network of Processors Can Schedule Its Work 

Stanley Reiter, April 1984. 


604

Turnpike Properties of Capital Accumulation Games 

Chaim Fershtman and Eitan Muller, June 1984. 


603

Dynamic Limit Pricing and Internal Finance 

Kenneth L. Judd and Bruce C. Petersen, June 1984. 


602

On Weighted Shapley Values 

Ehud Kalai and Dov Samet, August 1983, revised May 1984.



601

Competition and TwoPart Tariffs 

Beth Hayes, March 1984. 


600

A Note on the Price Equilibrium Existence Problem in Banach
Lattices 

Larry E. Jones, March 1984, Revised July 1984. 


599

DayoftheWeek Effects on a Thin Stock Market 

Tom Berglund, Eva Liljeblom and Bjorn Wahlroos, Revised
July 1984. 


598

Stock Returns, Inflationary Expectations, and Real Activity:
New Evidence 

Bjorn Wahlroos and Tom Berglund, May 1984. 


597

The Nash Bargaining Solution is Optimal 

Eric van Damme, Revised April 1984. 


596

Special Problems Arising in the Study of Economies with
Infinitely Many Commodities 

Larry E. Jones, May 1984. 


595

Managerial Task Assignment and Promotions 

Joan E. Ricart i Costa, March 1984. 


594

Job Search and Labor Market Analysis 

Dale Mortensen, April 1984. 


593

On Shortest Paths in Graphs with Random Weights 

Refael Hassin and Eitan Zemel, Revised April 1984. 


592

The Slow Server Problem: A Queue with Stalling 

Michael Rubinovitch, April 1984. 


591

Acceptable and Predominant Correlated Equilibria 

Roger B. Myerson, April 1984, Revised February 1985. 


590

Multistage Games with Communication 

Roger B. Myerson, April 1984, Revised February 1985. 


589

Anomalies and Equilibrium Returns in a Small Stock Market


Bjorn Wahlroos and Tom Berglund, January 1984. 


588

Convergence of Integrals Encountered in Dichotomous Dependent
Variable Problems 

Peter E. Rossi, March 1984 


587

The Characteristics Model, Hedonic Prices and the Clientele
Effect 

Larry E. Jones, April 1984. 


586

Comparison of Alternative Functional Forms in Production


Peter E. Rossi, February 1984. 


585

Monopoly Provision of Product Quality and Warranties 

Steven Matthews and John Moore, Revised August 1984. 


584

International Stockpiling Agreements as Responses to Commodity
Shocks 

R. Glenn Hubbard and Robert J. Weiner, Revised November
1983. 


583

Fees Versus Royalties and the Private Value of a Patent


Morton I. Kamien and Yair Tauman, January 1984. 


582

Analysis of Two Bargaining Problems with Incomplete Information


Roger B. Myerson, October 1983. 


581

Uncertain Lifetimes, Social Security, and Individual Saving


R. Glenn Hubbard, May 1983, Revised November 1983. 


580

Optimal Regulatory Pricing Under Asymmetric Cost Information


Wayne Y. Lee and Anjan V. Thakor, Revised September I983.



579

The January Effect on a Small Stock Market: Lumpy Information
and TaxLoss Selling 

Bjorn Wahlroos and Tom Berglund, October 1983. 


578

Entrusting Investment Decisions to Managers With Superior
Information: The Delegation Problem 

Salman Shah and Anjan V. Thakor, September 1983. 


577

Credible Spatial Preemption 

Kenneth L. Judd, September 1983. 


576

The Private Value of a Patent: A Game Theoretic Analysis


Morton I. Kamien and Yair Tauman, Revised November 1983.



575

Conjectural Variations Strategies in Dynamic Cournot Games
With Fast Reactions 

Ehud Kalai and William Stanford, September 1983. 


574

The Efficiency of Monopolistically Competitive Equilibria
in Large Economies: Commodity Differentiation With Pure
Substitutes 

Larry E. Jones, August 1983. 


573

An Axiomatization of Harsanyi's NonTransferable Utility
Solution 

Sergiu Hart, August 1983. 


572

Redistributive Taxation in a Simple Perfect Foresight
Model 

Kenneth L. Judd, November 1982, Revised June 1983. 


571

The Slow Server Problem 

Michael Rubinovitch, August 1983. 


570

Bid, Ask and Transaction Prices in a Specialist Market
with Heterogeneously Informed Traders 

Lawrence R. Glosten and Paul R. Milgrom, August 1983.



569

The Pure Theory of Large Two Candidate Elections 

John Ledyard, June 1983. 


568

StrategyProofness: The Existence of Dominant Strategy
Mechanisms 

Eitan Muller and Mark Satterthwaite, July 1983. 


567

Monotonic Solutions to General Cooperative Games 

Ehud Kalai and Dov Samet, August 1983, revised February
1984. 


566

Capital Accumulation and the Sustainability of Collusive
Markets 

Chaim Fershtman and Eitan Muller, June 1983. 


565

A Martingale Characterization of the Price of a Nonrenewable
Resource with Decisions Involving Uncertainty 

Sudhakar D. Deshmukh and Stanley R. Pliska, July 1983.



564

Production Economies With Patents: A Game Theoretic Approach


Amoz Kats and Yair Tauman, June 1983. 


563

Supportability, Sustainability and Subsidy Free Prices


Leonard J. Mirman, Yair Tauman and Israel Zang, June 1983.



562

Monopoly and Sustainable Prices as a Nash Equilibrium
in Contestable Markets 

Leonard Mirman, Yair Tauman and Israel Zang, May l983.



561

Ramsey Prices, Average Cost Prices and Price Sustainability


Leonard J. Mirman, Yair Tauman and Israel Zang, May 1983.



560

On the Implementability of Reduced Form Auctions 

Steven A. Matthews, June 1983. 


559

ShortRun Analysis of Fiscal Policy in a Simple Perfect
Foresight Model 

Kenneth L. Judd, June 1983. 


558

Exercises in Voodoo Economics 

Kenneth L. Judd, June 1983. 


557

Continuous and Hypograph Convergence of Utilities 

Kerry Back, May 1983. 


556

Solutions to the Bargaining Problem 

Ehud Kalai, March 1983. 


555

Prices and Qualities in Markets With Imperfect Information:
A Search Model 

YukShee Chan and Hayne Leland, March 1983. 


554

Linear Rational Expectations Interrelated Factor Demands
and Symmetric Adjustment Costs 

Tryphon E. Kollintzas, May 1983. 


553

Capital Accumulation Games of Infinite Duration 

Chaim Fershtman and Eitan Muller, March 1983. 


552

Distributed Lags and Intermediate Good Imports 

Tryphon E. Kollintzas and Steven L. Husted, March 1983.



551

The Number of Traders Required to Make a Market Competitive:
The Beginnings of a Theory 

Thomas A. Gresik and Mark A. Satterthwaite, February 1983.



550

On the Existence of a Locally Stable Dynamic Process With
a Statically Minimal Message Space 

Kenneth R. Mount and Stanley Reiter, Revised August 1983.



549

A Welfare Analysis of Unemployment Insurance: Variations
on Second Best Themes 

Dale T. Mortensen, February 1983. 


548

Bayesian Equilibrium and IncentiveCompatibility: An Introduction


Roger B. Myerson, February 1983, Revised June 1983. 


547

Unions and Strikes with Asymmetric Information 

Beth Hayes, February 1983. 


546

Unanimity Games and Pareto Optimality 

Ehud Kalai and Dov Samet, January 1983. 


545

Using Weighted Nonlinear Least Squares to Estimate Fish
Population Dynamics Models 

Ian Domowitz, Revised October 1982. 


544

Monopolistic Competition, Aggregation of Competitive Information,
and the Amount of Product Differentiation 

K. Ravi Kumar and Mark A. Satterthwaite, December 1982.



543

The Linear Model With Stochastic Regressors and Heteroscedastic
Dependent Errors 

Ian Domowitz, Revised December 1982. 


542

An Elasticity Can Be Estimated Consistently Without a
Priori Knowledge of Functional Form 

Ibrahim El Badawi, A. Ronald Gallant, and Geraldo Souza,
Revised November 1982. 


541

A Note on Competitive Foresight and Optimum Product Diversity


Larry E. Jones, November 1982. 


540

Qualitative Choice and the Blending of Discrete Alternatives


Alex Anas and Leon N. Moses, August 1982. 


539

Amtrack Vs. Conrail: Ramsey as Arbiter 

Ronald R. Braeutigam and Leon N. Moses, May 1982. 


538

Imposing Curvature Restrictions on Flexible Functional
Forms 

A. Ronald Gallant and Gene H. Golub, November 1982. 


537

Managerial Incentives, Investment and Aggregate Implications,
Part I: Scale Effects 

Bengt Holmstrom and Laurence Weiss, September 1982. 


536

The Allais Paradox, Dutch Auctions, and AlphaUtility
Theory 

Robert J. Weber, September 1982. 


535

Structures for the NonHierarchical Organizations 

Barry O'Neill, September 1982. 


534

The Simplest ThreePerson NonCooperative Games 

Barry O'Neill, August 1982. 


533

A NonMetric Test of the Minimax Theory 

Barry O'Neill, June 1982. 


532

Optimal Fiscal and Monetary Policy in an Economy Without
Capital 

Robert E. Lucas Jr. and Nancy L. Stokey, August 1982.



531

On the Optimality of the Demand Revealing Mechanism in
Large Economies 

Ramon Marimon, July 1982. 


530

Duality Theory for Some Stochastic Control Models 

Stanley R. Pliska, July 1982. 


529

Investment and the Valuation of Firms When There is an
Option to Shut Down 

Robert McDonald and Daniel R. Siegel, June 1982. 


528

Cooperative Games with Incomplete Information 

Roger B. Myerson, June 1982. 


527

TwoPerson Bargaining Problems with Incomplete Information


Roger B. Myerson, June 1982. 


526

A Competitive Model of Commodity Differentiation 

Larry E. Jones, June 1982. 


525

Duopoly, Conjectural Variations and Supergames 

Ehud Kalai and William Stanford, May 1982. 


524

Estimating the Time Spent on Shopping Activities 

Jacob Hornik, March 1982. 


523

Cores and Values of Monopolistic Market Games: Asymptotic
Results 

Amoz Kats and Yair Tauman, March 1982. 


522

Incentives in Government Contracts 

Stefan Reichelstein, March 1982. 


521

Comparison of Bargaining Solutions, Utilitarianism, and
the Minimax Rule by their Effectiveness 

Barry O'Neill, March 1982. 


520

The Inductive Solution for NonCooperative Games 

Barry O'Neill, March l982. 


519

Measures for the Psychological Risk of an Accident 

Barry O'Neill, March 1982. 


518

Optimal Growth with Many Consumers 

Robert E. Lucas Jr. and Nancy L. Stokey, March 1982. 


517

A Stochastic Calculus Model of Continuous Trading: Return
Processes and Investment Plans 

Stanley R. Pliska, February 1982. 


516

The Effect of Liquidity Constraints on Consumption: CrossSectional
Analysis 

Fumio Hayashi, February 1982. 


515

Persistent Equilibria in Strategic Games 

Ehud Kalai and Dov Samet, January 1982. 


514

Job Matching, Risk Aversion and Tenure 

Milton Harris and Yoram Weiss, April 1981, Revised December
1982. 


513

The Implicit Contract Model and Labor Markets: A Critique


Aba Schwartz, January 1982. 


512

Option Pricing When the Underlying Asset is NonStored


Robert McDonald and Daniel Siegel, December 1981. 


511

Expectations, Plans and Realizations: In Theory and Practice


Marc Nerlove, November 1981. 


510

Vector Measures are Open Maps 

Dov Samet, November 1981. 


509

Deterrence and Delinquency: An Analysis of Individual
Data 

Claude Montmarquette and Marc Nerlove, November 1981.



508

The Period of Commitment in Dynamic Games 

Jennifer F. Reinganum and Nancy L. Stokey, Revised March
1983. 


507

On the Informational Requirements for the Implementation
of Social Choice Rules 

Stefan Reichelstein, October 1981. 


506

Stochastic Technology, Production Plans, and the Theory
of the Firm 

Andrew Daughety and Lawrence Glosten, October 1981.



505

The Ultimate of Chaos Resulting from Weighted Voting Systems


Donald Saari, October 1981. 


504

Asymptotic Bias of Ordinary Least Squares Estimator for
Multivariate Autoregressive Models 

Taku Yamamoto and Naoto Kunitomo, October 1981. 


503

Asymptotic Optimality of the Limited Information Maximum
Likelihood Estimator in Large Econometric Models 

Naoto Kunitomo, May 1979, Revised October 1981. 


502

On A Third Order Optimum Property of The LIML Estimator
When the Sample Size is Large 

Naoto Kunitomo, October 1981. 


501

A Third Order Optimum Property of the ML Estimator in
Linear Functional Relationships and Simultaneous Equation
Systems 

Naoto Kunitomo, September 1981. 


500

Optimal Consumption of A Nonrenewable Resource with Stochastic
Discoveries and a Random Environment 

Sudhakar D. Deshmukh and Stanley R. Pliska, October 1981.



499

Natural Energy Resource Decisions and Prices Involving
Uncertainty 

Sudhakar D. Deshmukh and Stanley R. Pliska, October 1981.



498

Measurement Error Theories for Von NeumannMorgenstern
Utility Functions 

Jehoshua Eliashberg and J. Hauser, September 1981. 


497

The Effect of Syndication on the Core of Markets with
Transferable Utility and Continuum of Traders 

Dov Samet, October 1981. 


496

MultipleObject Auctions 

Robert J. Weber, August 1981. 


495

Efficient and Durable Decision Rules with Incomplete Information


Bengt Holmstrom and Roger B. Myerson, Revised September
1982. 


494

Equilibrium Limit Pricing: The Effects of Private Information
and Stochastic Demand 

Steven A. Matthews and Leonard J. Mirman, August 1981.



493

Towards a Genuinely Polynomial Algorithm for Linear Programming


Nimrod Megiddo, August 1981. 


492

The Relation Between Social Security, Saving, and Investment
in a LifeCycle Model 

Truman Bewley, August 1981, Revised October 1981. 


491

The Indeterminacy of Interest Rates 

Truman Bewley, August 1981. 


490

The Maximum Coverage Location Problem 

Nimrod Megiddo, Eitan Zemel, and S. Louis Hakimi, August
1981. 


489

A Stochastic Calculus Model of Continuous Trading: Complete
Markets 

J. Michael Harrison and Stanley R. Pliska, July 1981.



488

A Theory of Wage Dynamics 

Milton Harris and Bengt Holmstrom, Revised December 1981.



487

Economic Policy in an Open Macro Model with Rational Labor
Behavior 

Pekka Ahtiala, July 1981. 


486

Fiscal and Monetary Policies in an Open Economy with a
Supply Side 

Pekka Ahtiala, July 1981. 


485

On the Core and Dual Set of Linear Programming Games 

Dov Samet and Eitan Zemel, May 1981. 


484

The Permanent Income Hypothesis: Estimation and Testing


Fumio Hayashi, Revised June 1981. 


483

A Markov Model of Employment, Unemployment, and Labor
Force Participation: Estimates from the Dime Data 

Kenneth Burdett, Nicholas Kiefer, Dale Mortensen and George
Neumann, May 1981. 


482

The Economics of Mating, Racing, and Related Games 

Dale T. Mortensen, March 1981. 


481

Mechanism Design by an Informed Principal 

Roger B. Myerson, June 1981, Revised September 1982. 


480

Selling to Risk Averse Buyers with Unobservable Tastes


Steven A. Matthews, June 1981, Revised August 1982. 


479

Contracts, Consensus, and Group Decisions 

Ehud Kalai, June 1981. 


478

Regulation of Groups of Firms 

Andrew F. Daughety, April 1981. 


477

The Pricing of Primary Care Physicians' Services: A Test
of the Role of Consumer Information 

Mark V. Pauly and Mark A. Satterthwaite, September 1980.



476

The Determination of MarginalCost Prices Under a Set
of Axioms 

Dov Samet and Yair Tauman, May 1981. 


475

On the Complexity of Point Covering and Line Covering


N. Megiddo and A. Tamir, April 1981. 


474

Peasants, Potatoes, and Poverty: Transactions Costs in
Prefamine Ireland 

Elizabeth Hoffman and Joel Mokyr, April 1981. 


473

When does the JCurve Have a JShape? A Reconsideration


Pekka Ahtiala, April 1981, Revised July 1981. 


472

The Distribution of Family Income and Earnings Capacity
Over the Life Cycle 

Evelyn Lehrer and Marc Nerlove , May 1981. 


471

Moral Hazard in Teams 

Bengt Holmstrom, February 1981. 


470

The Coase Theorem: Some Experimental Tests 

Elizabeth Hoffman and Matthew Spitzer, April 1981. 


469

Efficient Mechanisms for Bilateral Trading 

Roger B. Myerson and Mark A .Satterthwaite, May 1981.



468

An Axiomatic Approach to the Allocation of a Fixed Cost
Through Prices 

Leonard J. Mirman, Dov Samet, and Yair Tauman, April 1981.



467

Values of Market with a Majority Rule 

Yair Tauman, May 1981. 


466

Conjectural Variations 

Morton I. Kamien and Nancy L. Schwartz, revised March
1981. Revision of DP #441. 


465

Competitive Bidding and Proprietary Information 

Richard EngelbrechtWiggans, Paul R. Milgrom, and Robert
J. Weber, August 1981. 


464

A Difficulty with the 'Command' Allocation Mechanism 

Richard E. Ericson, March 1981. 


463

Topologies on Information and Strategies in Games with
Incomplete Information 

Paul Milgrom and Robert J. Weber, March 1981. 


462

The Value of Information in a SealedBid Auction 

Paul Milgrom and Robert J. Weber, March 1981. 


461 
A Theory of Price Formation and Exchange in Oral Auctions 

David Easley and John O. Ledyard, March 1981. 


461R 
A Theory of Price Formation and Exchange in Oral Auctions


David Easley and John O. Ledyard, Revised January 1983. 


460

Equilibrium Contracts in a Monetary Economy 

V.V. Chari, revised September 1980. 


459

Involuntary Unemployment and Implicit Contracts 

V.V. Chari, April 1980, Revised January 1982. 


458

Linear Stochastic Models with Decentralized Information


V.V. Chari, Revised October 1979. 


457

Tobin's Marginal q and Average a : A Neoclassical Interpretation


Fumio Hayashi, March 1981. 


456

Design of Incentive Schemes and the New Soviet Incentive
Model 

Bengt Holmstrom, October 1979, Revised January 1981. 


455

On Search Over Rationals 

Eitan Zemel, December 1980. 


454

Martingales and Stochastic Integrals in the Theory of
Continous Trading 

J. Michael Harrison and Stanley R. Pliska, January 1981.



453

Time to Build and the Persistence of Unemployment 

Finn Kydland and Edward C. Prescott, revised December
1980. 


452

An Empirical Investigation of the Returns to Job Search


Robert S. Chirinko, Revised October 1981. 


451

PostWar U.S. Business Cycles: An Empirical Investigation


Robert J. Hodrick and Edward Prescott, Revised May 1981.



450

Efficient Estimation of Time Series Models with Predetermined,
but Not Exogenous, Instruments 

Fumio Hayashi and Christopher Sims, December 1980. 


449

Polynomial Algorithms for Estimating Network Reliability


Eitan Zemel, November 1980. 


448

An Investigation of Competitive Preference Structures
and Posterior Performance Through a Bayesian DecisionTheoretic
Approach 

Jehoshua Eliashberg, November 1980. 


447

A Theory of Auctions and Competitive Bidding 

Paul Milgrom and Robert J. Weber, August 1981. 


446

A Model of the Demand for Investment Banking Advisement
and Distribution Services for 

New Issues 

David P. Baron, October 1980. 


445

A Problem of Rights Arbitration from the Talmud 

Barry O'Neill, November 1980. 


444

Estimation of Macroeconometric Models Under Rational Expectations:
A Survey 

Fumio Hayashi, October 1980. 


443

A Sufficient Condition on f for f o u to be in pNAD 

Leonard J. Mirman, Yair Tauman and Joseph Ranaan, October
1980. 


442

Contractural Models of the Labor Market 

Bengt Holmstrom, September 1980. 


441 
Conjectural Variations 

Morton I. Kamien and Nancy L. Schwartz, Revised September
1980. Superseded by DP #466. 


440

Attainable Sets of Markets: An Overview 

Robert J. Weber, September 1980. 


439

Intertemporal Optimization and Demand Analysis 

Fumio Hayashi, September 1980. 


438

On The Theory of Delegation 

Bengt Holmstrom, June 1980, Revised January 1982. 


437

On the Formation of Price Expectations: An Analysis of
Business Test Data by LogLinear Probability Models 

Heinz Konig, Marc Nerlove, and Grilles Oudiz, August 1980.



436

Growth as a Public Good 

Truman F. Bewley, August 1980. 


435

A Generalized Hazard Rate 

Morton I. Kamien and Nancy L. Schwartz, August 1980. 


434

A Duopoly Model of the Adoption of an Innovation of Uncertainty
Profitability 

Richard Jensen, July 1980. 


433

A General Theory of Cooperative Solutions for Games with
Incomplete Information 

Roger B. Myerson, July 1980. 


432

Solutions for TwoPerson Bargaining Problems with Incomplete
Information 

Roger B. Myerson, July 1980. 


431

The Martingale Property of Asset Prices 

Truman F. Bewley, June 1980. 


430

Optimization of Unknown, Costly Objective Functions Subject
to a Budget Constraint 

Andrew Daughety and M.A. Turnquist. July 1980. 


429

Optimal Coordination Mechanisms in PrincipalAgent Problems


Roger B. Myerson, June 1980, Revised August 1981. 


428

Distributional Strategies for Games with Incomplete Information


Paul Milgrom and Robert Weber, August 1981. 


427

Predation, Reputation, and Entry Deterrence 

Paul Milgrom and John Roberts, June 1980. 


426

On The NonRobustness of Barro's Neutrality Result on
Social Security 

Nancy L. Stokey, June 1980. 


425

Generalized Network Problems Yielding Totally Balanced
Games 

Ehud Kalai and Eitan Zemel, June 1980. 


424

A Preface on Modelling the Regulated U.S. Economy 

Stanley Reiter and Jonathan Hughes, May 1980. 


423

Inconsistencies of Weighted Summation Voting Systems 

Donald G. Saari, May 1980. 


422

Behavioral Explanations of Efficient Public Good Allocations


Ronald M. Harstad and Michael Marrese, April 1980. 


421

Preplay Negotiations in NonCooperative Games 

Ehud Kalai, April 1980. 


420

Local Simple Games 

Steven A. Matthews, March 1980. 


419

A Methodology for Group Decision Making 

Jehoshua Eliashberg and Robert L. Winkler, February 1980.



418

A TwoPerson Game of Information Transmission 

Jerry R. Green and Nancy L. Stokey, March 1980. 


417

Factor Price Changes, Technical Efficiency, and Revenue
Requirements Regulation 

David Baron and Raymond R. De Bondt, March 1980. 


416

An Introduction to Information Structures 

David A. Malueg, March 1980. 


415

An Experimental Study of a Stochastic Model of Committee
Voting with Exogenous Costs 

Elizabeth Hoffman and Edward W. Packel, February 1980.



414

Equilibrium LongTerm Labor Contracts 

Bengt Holmstrom. January 1980, Revised January 1981. 


413

On Totally Balanced Games and Games of Flow 

Ehud Kalai and Eitan Zemel, January 1980. 


412

Regulating a Monopolist with Unknown Costs 

David P. Baron and Roger B. Myerson, December 1979. 


411

The Cost of Capital in NonMarketed Firms 

Bengt Holmstrom, February 1979, Revised December 1979.



410

Adoption and Diffusion of an Innovation Under Uncertain
Profitablilty 

Richard Jensen, December 1979, Revised February 1981.



409

Job Differentiation and Wages 

Nancy Stokey, December 1979. 


408

SelfFulfilling Expectations, Rational Expectations, And
Durable Goods Pricing 

Nancy Stokey, December 1979. 


407

Good News and Bad News: Representation Theorems and Applications


Paul R. Milgrom, November 1979, Revised October 1980.



406

Rational Expectations, Information Acquisition and Competitive
Bidding 

Paul R. Milgrom, December 1978, November 1979. 


405

An Integration of Equilibrium Theory and Turnpike Theory


Truman F. Bewley, Revised October 1980. 


404

The Term Structure of the Forward Premium 

Craig S. Hakkio, November 1979. 


403

An Econometric Analysis of the Fertility and Labor Supply
of Unmarried Women 

Evelyn Lehrer and Marc Nerlove, November 1979. 


402

Bayesian Analysis of Competitive DecisionMaking Situations


Jehoshua Eliashberg, October 1979, Revised August 1980.



401

Strategic Equilibria and Decisive Set Structures for Social
Choice Mechanisms 

Edward W. Packel and Donald G. Saari, October 1979. 


400

Strong Form Informational Efficiency in Stock Markets
with Disequilibrium Trading 

Lawrence R. Glosten, September 1979. 