Contributed Papers, FRIDAY, AUGUST 25, 9:00 - 10:30 a.m.

Repeated and Stochastic Games (Session 25a-21)

Chair: Eddie Dekel (Northwestern University, USA)

Self-Fulfilling Mechanisms in Repeated Games with Incomplete Information
Francoise FORGES (CORE)
Enrico Minelli

Repeated Games with Partial Monitoring: The Stochastic Signaling Case
John HILLAS (SUNY at Stony Brook, USA)
Min Liu

Informational Constraints and the Overlapping Generations Model: Folk and Anti-Folk Theorems
V. BHASKAR (Delhi University, India)

(Almost) Rational Learning (Session 25a-22)

Chair: Alan Kirman (European University Institute, Florence, Italy)

Does Rational Learning Lead to Nash Equilibrium in Finitely Repeated Games?
Alvaro SANDRONI (University of Pennsylvania, USA)

Recurring Games and Social Learning: Learning to Play Perfectly
Matthew J. MACKSON (California Institute of Technology, USA)
Ehud Kalai

Prediction and Optimization in Repeated Games
John H. NACHBAR (Washington University, USA)

Labor Markets 1: Training (Session 25a-25)

Chair: Marc A. Van Audenrode (Universite du Quebec a Montreal, Canada)

A Theory of On-The-Job Learning
Ki Seong PARK (Sungshin Women's University, South Korea)

Human Capital Investment under Asymmetric Information: The Pigovian Conjecture Revisited
Yijiang WANG (University of Minnesota, USA)
Chun Chang

Adverse Selection and Countervailing Payments--An Explanation of Provision of General Training
Animesh SHRIVASTAVA (Reading University, UK)

General Equilibrium 4: Production (Session 25a-26)

Chair: Graciela Chichilnisky (Columbia University, USA)

Profit Maximization, Relative Prices, and the Maximization of Shareholders' Real Wealth
Egbert DIERKER (Universitat Wien)
Birgit Grodal

Investment and Competition for Industries with Increasing Returns to Scale
Hans-Juergen SALCHOW (Free University of Berlin)

An Adjustment Process for the Standard Arrow/Debreu Model with Production
Antoon VAN DEN ELZEN (Tilburg University, The Netherlands)

Trade and Political Economy 2 (Session 25a-31)

Chair: Peter Rosendorff (the University of Southern California, USA)

Dynamic Externalities and Policy Coordination
Manjira DATTA (University of Saskatchewan, Canada)
Leonard J. Mirman

Capital Movements in a World with Production Externalities
Ronald D. FISCHER (Universidad de Chile)

The Negotiation of Sustainable Tariffs
Taiji FURUSAWA (Brandeis University, USA)

Inflation (Session 25a-32)

Chair: Shuhei Shiozawa (Keio University)

Transactions Services, Inflation and Welfare
R. Anton BRAUN (Minneapolis Federal Reserve, USA)
S. Rao Aiyagari
Zvi Eckstein

Avoiding some Costs of Inflation and Crawling toward Hyperinflation: The Case of the Brazilian Domestic Currency Substitute
Marcio G.P. GARCIA (Pontificial Catholic University, Brazil)

self-organized Criticality and Inflation: The Argentinean Case
Silvia LONDON (Universidad Nacional del Sur, Argentina)
Fernando Tohme
Carlos Dabus

Dynamic Optimization (Session 25a-33)

Chair: Masanao Aoki (University of California at Los Angeles, USA)

Dynamic Programming for Non-Additive Stochastic Objectives
Peter A. STREUFERT (University of Western Ontario, Canada)
Hiroyuki Ozaki

Nonparametric Restrictions of Dynamic Optimization Behavior under Uncertainty
Kazuya KAMIYA (University of Tokyo, Japan)
Hidehiko Ichimura

Intertemporal Utility Maximizing Models of Consumption Exploiting Duality Features Via the Concept of Consumer Profit
Russell J. COOPER (University of Western Sydney, Australia)

Regulation of R&D (Session 25a-35)

Chair: David Perez-Castrillo (Universitat Autonoma de Barcelona, Spain)

Patent Policy and Lagged Imitation
Eric A.A. DE LAAT (Erasmus University Rotterdam, The Netherlands)

Optimal Regulation of the Research and Development Activity of a Monopolistic Firm under Incomplete Information
Isabelle BROCAS (GREMAQ, France)

Technology Policy and the Organization of R&D
Mihkel M. TOMBAK (Helsinki School of Economics, Finland)
Rune Stenbacka

Testing for Autocorrelation (Session 25a-36)

Chair: Anil K. Bera (University of Illinois, USA)

Lagged Cross-Products of Regression Residuals and a Family of Serial Correlation Tests
Jan G. DE GOOIJER (University of Amsterdam, The Netherlands)
Ian B. MacNeill

Testing for Serial Correlation Against an ARMA(1,1) Process
Werner PLOBERGER (Technische Universsitat Wien, Austria)
Donald W.K. Andrews

The Asymptotic Null Distribution of the Box-Pierce Q-statistic for Random Variables with Infinite Variance - with an application to German Stock Returns -
Ralf RUNDE (University of Dortmund, Germany)

Count Data Econometrics 1 (Session 25a-41)

Chair: Peter G. Moffatt (University of East Anglia, UK)

R-Squared Measures for Count Data Regression Models with Applications to Health Care Utilization
Colin CAMERON (Australian National University)
Frank A.G. Windmeijer

The Effect of Health Insurance on the Demand for Health Care
Hyehoon LEE (University of Leicester, UK)

Regression Models for Under-recorded Count Data
Pravin K. TRIVEDI (Indiana University, USA)
Kajal Mukhopadhyay

Labor Economics: Theory (Session 25a-42)

Chair: Gerard J. van den Berg (Free University Amsterdam, The Netherlans)

Endogenous Labor Supply, Growth and Overlapping Generations
Gilles DURANTON (London School of Economics, UK)

The Effects of Non-Wage Compensations on Employment and Hours
Masanori HASHIMOTO (The Ohio State University, USA)
Hajime Miyazaki
Jingang Zhao

Panel Data Models 2 (Session 25a-43)

Chair: Christopher Cornwell (Terry College Business, University of Gerogia)

Improved Estimation Procedures for Nonlinear Panel Data Models
Laszlo MATYAS (Monash University, Australia)
Offer Lieberman

Dynamic Linear Models for Heterogeneous Panels
M. Hashem PESARAN (University of Cambridge, UK)
Ron Smith
Kyung So Im

Fixed vs. Random Effects: Specification for Panel Data Analysis
Baohong SUN (University of Southern California)
Cheng Hsiao
James Lightwood

Measuring Inequality and Welfare 2 (Session 25a-45)

Chair: Esfandiar Maasoumi (Southern Methodist University, USA)

Distribution-Free Statistical Inference for Inequality Dominance with Crossing Lorenz Curves
Russell DAVIDSON (GREQE-EHESS, France)
Charles M. Beach
George A. Slotsve

A New Information Based Measure of Income Inequality: Orthonormal Basis Expansion of the Information Function
Hang K. RYU (Seoul Institute of Economic Research, Korea)
Daniel J. Slottje

Asymptotically Distribution-Free Statistical Test for Generalized Lorenz Curves: An Alternative Approach
Kuan XU (Dalhousie University, Canada)

Saving (Session 25a-46)

Chair: Rosa L. Matzkin (Northwestern University, USA)

Household Portfolio Allocation in the Netherlands: Saving Accounts versus Stocks and Bonds
Stefan HOCHGUERTEL (Tilburg University, The Netherlands)
Rob Alessie
Arthur van Soest

Migration Costs, Migrant Saving and the Extended Family: A Theoretical and Empirical Investigation of Pakistani Guestworkers in the Middle East
Nadeem ILAHI (McGill University, Canada)

The Effect of Tax-Favoured Retirement Accounts on Capital Accumulation and Welfare
Ayse IMROHOROGLU (University of Southern California, USA)
Selahattin Imrohoroglu
Douglas Joines

Simulation Methods 1 (Session 25a-53)

Chair: Jean-Marie Dufour (Universite de Montreal, Canada)

Indirect Inference for Non-Nested Hypotheses
Geert DHAENE (C.E.S., Belgium)
Christian Gourieroux
Olivier Scaillet

Improved Small Sample Model Selection Procedures
Maxwell L. KING (Monash University, Australia)
Catherine Scipione Forbes
Alan Morgan

Accelerated Importance Sampling (with Application to Simulation Estimators)
Jean-Francois RICHARD (University of Pittsburgh, USA)
Wei Zhang

Cointegration and Dynamic Modeling 3 (Session 25a-54)

Chair: Pierre Perron (Universite de Montreal, Canada)

Modeling Price and Quantity Relations for Danish Manufacturing Exports
Hans Christian KONGSTED (University of Copenhagen, Denmark)

The Price-Wage Inflationary Spiral in Poland
Aleksander WELFE (University of Lodz, Poland)

Estimating Tail Shapes: Exchange Rates & Insurance (Session 25a-55)

Chair: Pradeep K. Yadav (University of Strathclyde, UK)

Robust Tail Index and Quintile Estimation
Jon DANIELSSON (University of Iceland
Casper de Vries

Stochastic Volatility and the Distribution of Exchange Rate News
Peter SCHOTMAN (University of Limburg, The Netherlands)
Ronald Nahieu

Mixtures of Tails in Clustered Automobile Collision Claims
Paul KOFMAN (Monash University, Australia)
Guyonne R.J. Kalb
Ton C.F. Vorst

Program World Conference Econometric Society Tokyo, August 1995