The Cost of Power Outages in the Business and Public Sectors in Israel: Revealed Preference vs Subjective Valuation
Michael BEENSTOCK (Hebrew University of Jerusalem, Israel)
Ephraim Goldin
Yoel Haitovsky

Evolution of Brand Qualities of Consumer Electronics in the US
Sanghamitra DAS (Indian Statistical Institute, India)
Steven Olley
Ariel Pakes

Real-Time Pricing of Electricity Demand: Econometrics of an Experiment
Marc IVALDI (Universite des Sciences Sociales, France)
Christophe Aubin
Denis Fougere
Emmanuel Husson

A Stochastic Equilibrium Model of Internet Pricing
Dale O. STAHL (University of Texas)
Alok Gupta
Andrew B. Whinston

IV and K-class Estimators (Session 24b-22)

Efficiency Bounds for Instrumental Variable Estimators under Group-Asymptotics
Jan VAN DER PLOEG (University of Groningen, The Netherlands)
Paul A. Bekker

An Instrumental Variables Estimator for Cross Section Data Analysis in the Presence of Unknown Heteroskedasticity
Atsushi YOSHIDA (University of Osaka Prefecture, Japan)

A Weighted Jackknife for K-class Estimators in Simultaneous Equation Models
Mukesh K. SRIVASTAVA (Indian Statistical Service, India)
A.K. Srivastava

Comparison of K-class Estimators with and without Moments in Simultaneous Equations Models by Pitman Nearness Criterion
R. TIWARI (University of Jammu, India)
V.K. Srivastava

Exchange Rates (Session 24b-23)

Linear, Nonlinear and Essential Foreign Exchange Rate Prediction with Simple Technical Trading Rules
Ramazan GENCAY (University of Windssor, Canada)

Heterogeneous Expectations & Tests of Rationality in the US Dollar/Yen Forward Foreign Exchange Rate Market
Takatoshi ITO (International Monetary Fund, USA)
Graham Elliott

Exchange Rates in the Long Run
Douglas H. JOINES (University of Southern California, USA)
Sean Becketti
Craig S. Hakkio

A Discrete-Time Version of Target Zone Models with Jumps
Francisco J. RUGE-MURCIA (Universite de Montreal, Canada)
M. Hashem Pesaran

Cointegration and Dynamic Modeling 2 (Session 24b-25)

Inventories Dynamics and Sectoral Propagation of Aggregate Shocks
M. Ben SALEM (Universite de paris 1, France)
Jean-Francois Jacques

Common Stochastic Trends, Cycles and Sectoral Fluctuations: A Study of Output in the UK
Richard G. PIERSE (London Business School, UK)
A. Garratt

Some Interpretations of Cointegrating Relationships with Special References to Business Cycle Truing Points, Nonlinearity and Separation
Gawon YOON (Wayne State University, USA)

Crime and the UK Economy
Denise OSBORN (University of Manchester, UK)

Crosscountry Growth Comparisons (Session 24b-26)

The Components of Output Growth: A Cross-Country Analysis
Gary KOOP (University of Toronto)
Mark F.J. Steel
Jacek Osiewalski

Factor Convergence Versus Productivity Convergence
Ross MILBOURNE (University of New South Wales, Australia)

Fiscal Adjustment & Growth: In & Out of Africa
Klaus SCHMIDT-HEBBEL (The World Bank, USA)

An Endogenous Growth Model of Incomplete Currency Markets in Developing Countries
Pan A. YOTOPOULOS (Stanford University, USA)

Job Search Models (Session 24b-31)

Job Flow Dynamics and Firing Restrictions
Pietro GARIBALDI (Centre for Economic Performance, UK)

Structural and Frictional Unemployment in an Equilibrium Search Model with Heterogeneous Agents
Pierre KONING (Free University Amsterdam, The Netherlands)
Geert Ridder
Gerard van den Berg

Job Search and Commuting Time
Gerard J. VAN DEN BERG (Free University Amsterdam, The Netherlands)
Cees Gorter

International Trade 2 (Session 24b-32)

Closing the Technology Gap under Protection or Free Trade
Eiichi CHUMAN (University of Tsukuba Japan)
Sho-Ichiro Kusumoto

International Trade of a Capital Good in an Endogenous Growth Model
Shin Haing KIM (Seoul National University Korea)

Competition for Aid and Trade Policy
Sajal LAHIRI (University of Essex, UK)
Pascalis Raimondos

Protection of High-Technology Industries
Kaz MIYAGIWA (Chinese University of Hong Kong)
Yuka Ohno

Economics of Arms Control (Session 24b-33)

An Arms Race with Rational Learning
Michael D. INTRILIGATOR (UCLA, USA)
Dagobert L. Brito

Impact of Noise on Military Expenditures
Walter ISARD (Cornell University, USA)
Jose Lobo

Peace-keeping Operations and some Related Economic Aspects
Lawrence R. KLEIN (University of Pennsylvania)
K. Marwah

Unemployment Effects of Military Spending: Evidence from a Panel of States
Michael KNETTER (Dartmouth College, USA)
Mark Hooker

Discrimination (Session 24b-35)

Sex Discrimination in Indian Labour Markets
Palanigounder DURAISAMY (University of Madras, India)
Malathy Duraisamy

Economic Conditions of Women in the Korean Labor Market: the Role of Human Resources
Yang-ro YOON (The World Bank, USA)

Statistical Discrimination with Employment Criteria
Michael SATTINGER (University at Albany, USA)

Discrimination with Self Selection
Jonathan B. BERK (University of British Columbia, Canada)
Joseph T. Williams

Growth and Industrialization in Developing Countries(Session 24b-36)

Colonialism in the Theory of Growth
Graziella BERTOCCHI (UniversitaˇÕ di Modena, Italy)

Human Capital Flight: Impact of Migration on Income and Growth
Se-jik, KIM (International Monetary Fund)
Nadeem U. Haque

Industrialization Policy and the Big Push
Joshua S. GANS (University of New South Wales, Australia)

Industrialization and Expectations in a Small Open Economy
Fumio DEI (Kobe University, Japan)

General Equilibrium 3: Incomplete Markets (Session 24b-41)

Real Determinacy, Financial Markets and Default
Aloisio ARAUJO (Instituto de Matematica Pura e Aplicada- IMPA, Brasil)
Mario Pascoa

Market Demand in the CAPM
Andreas LOEFFLER (Humboldt-Universitat Berlin)
Jean-Marc Bottazzi
Thorsten Hens

Efficient Trading Strategies in the Presence of Market Frictions
Elyes JOUINI (ENSAE, France)
Hedi Kallal

Price Adjustment Models (Session 24b-42)

Inflation and Price Adjustment: A Study of Canadian Newspaper Prices
Jerzy D. KONIECZNY (Wilfrid Laurier University, Canada)
Timothy C.G. Fisher

A Dynamic Model of Optimal Price Adjustments
Leif DANZIGER (York University, Canada)

Bargains and Ripoffs in an Inflationary Economy
Sheila NAJBERG (Instituto de Matematica Pura e Aplicada, Brazil)
Garey Ramey

Financial Market Theory 4: Investor Behavior (Session 24b-43)

The Stock Market When Market Participation is Costly
Gerhard O. OROSEL (University of Vienna)

Asset Pricing in an Intertemporal Noisy Rational Expectations Equilibrium
Jerome DETEMPLE (MIT, USA)

Mutual Misperceptions of Markets and Price Bubbles
Akira YAMAZAKI (Hitotsubashi University, Japan)

Should Young People be Less Risk-Averse?
Christian GOLLIER (Universite Sociales de Toulouse, France)

Dynamic Consumption and Capital Accumulation (Session 24b-45)

Stationary Ramsey Equilibria under Uncertainty
Itzhak ZILCHA (Tel Aviv University, Israel)
Robert A. Becker

Capital Income Taxation, Income Distribution, and Borrowing Constraints
Christophe CHAMLEY (Boston University)

The Permanent Income-Life Cycle Hypothesis in a Monetary Economy and the Neutrality of Money: A Continuous Time Analysis
Hiroaki HAYAKAWA (Chubu University, Japan)

Consumption and Business Cycles
Chulsoo KIM (Rutgers University)

Social Choice and Aggregation (Session 24b-46)

Incremental Cost Sharing: Characterization by Strategy Proofness"
Herve MOULIN (Duke University, USA)

Conformism, Non-Conformism and Voting Equilibria
Satish K. JAIN (Jawaharlal Nehru University, India)

Harsanyi's Social Aggregation Theorem for Nonlinear Preference Functionals
Arja H. TURUNEN-RED (University of New Orleans, USA)
John A. Weymark

Arrow's Theorem and Turing Computability
Reiju H. MIHARA (University of Minnesota, USA)

Games without Expected Utility (Session 24b-53)

Bargaining, Boldness and Nash Outcomes with Non-Expected Utility Preferences
Simon GRANT (Australian National University)
Atsushi Kajii

Signaling Games with Uncertainty
David KELSEY (The University of Birmingham, UK)
Jurgen Eichberger

A Model of Intertemporal Preferences with Applications in Agency Theory
Luc WATHIEU(The Hong Kong University of Science and Technology)

Bilateral Asymmetric Information and Uncertainty Aversion in Hidden Information Agency
Fredrik ANDERSSON (Lund University, Sweden)

Dynamic Contracting (Session 24b-54)

Dynamic Programming, Unforeseen Contingencies, and Incomplete Contracts
Jean TIROLE (IDEI --Universite des Sciences Sociales)
Eric Maskin

Recursive Contracts
Ramon MARIMON (European University Institute, Italy)
Albert Marcet

Competition though Endogenized Tournaments: an Interpretation of the "Face-to-Face" Competition
Hideki KONISHI (Seikei University, Japan)
Masahiro Okuno-Fujiwara
Yutaka Suzuki

Discrepancy between Theory and Practice of Relative Performance Evaluation: A Reconciliation Based on Renegotiable Contracts
Andrew Tzelung YIM (Yale School of Management, USA)

Learning (Session 24b-55)

Nonparametric Adaptive Learning with Feedback
Xiaohong CHEN (University of Chicago)
Herbert White

Computing Rational Expectations Equilibria through the Least Mean Square Algorithm
Emilio BARUCCI (UniversitaˇÕ di Firenze)
Leonardo Landi

Robustness of Adaptive Expectations as an Equilibrium Selection Device
Martin LETTAU (Center for Economic Research, The Netherlands)
Timothy van Zandt

Expectations, Learning Dynamics and the Stabilization Policy in an Overlapping Generations Model
Taisei KAIZOJI (International Christian University, Japan)

Program World Conference Econometric Society Tokyo, August 1995