Uniqueness in Sealed High Bid Auctions
John G. RILEY (UCLA, USA)
Eric S. Maskin

Procurement Auctions with Entry of Bidders
Egil KJERSTAD (Foundation for Research in Economics and Business Administration, Norway)
Steinar Vagstad

Strong Non-Manipulability of Multi-Item Auctons
Mitsunobu MIYAKE (University of Kagawa, Japan)

Learning and Evolution in Games (Session 27B-22)

Evolution and Interaction of Cultures
Akihiko MATSUI (University of Tokyo, Japan)
Masahiro Okuno-Fujiwara

Non-Exclusive Conventions and Social Coordination
Maarten JANSSEN (Erasmus Universiteit Rotterdam, The Netherlands)
Sanjeev Goyal

A Note on Stability of Best Reply and Gradient Systems with Applications to Imperfectly Competitive Models
Luis C. CORCHON DIAZ (Universidad de Alicante, Spain)
Andreu Mas-Colell

Learning Dynamics in Games with Stochastic Perturbations
Yuri M. Kaniovski(IIASA,Laxenburg, Austria)
H. Peyton YOUNG

Managerial Compensation (Session 27B-23)

Incentives, CEO Compensation, and Shareholder Wealth in a Dynamic Agency Model
Cheng WANG (Carnegie Mellon University, USA)

Insurance, Learning, and Career Profiles: An Empirical Test
Bernard SALANIE(ENSAE, France)
Pierre-Andre Chiappori
Julie Valentin

Short-Term Market Manipulation and Optimal Management Compensation
Stephen P. KING (Australian National University)
Simon Grant
Gerald T. Garvey

Incentives and Coordination in Hierarchies
Dilip MOOKHERJEE (Indian Statistical Institute)
Stefan Reichelstein

Public Goods (Session 27B-25)

Efficient Private Production of Public Goods under Common Agency
Michel LE BRETON (GREQAM-LEQAM, France)
Didier Laussel

Optimal Income Tax Mechanisms and the Optimal Provision of Public Goods
Marcus BERLIANT (University of Alabama, USA)
Frank Page

A Classification of Two-Person Games and the Public Good Problem
Semih KORAY (Bilkent University, Turkey)
Murat R. Sertel

General Equilibrium 8: Market Frictions (Session 27B-26)

Market Frictions and the Preferred Habitat Theory of the Term Structure of Interest Rates
Gurdip BAKSHI (University of New Orleans, USA)
Zhiwu Chen

Hicks Laws and Tax Incidence in General Setting
Serguei G. KOKOVIN (Institute of Mathematics,Novosibirsk, Russia)

Equilibrium Adjustment of Disequilibrium Prices
Richard VENNIKER (Free University)
Jean-Jacques Herings
Gerard van der Laan
Dolf Talman

Foreign Exchange and Government Policy (Session 27B-32)

Information Sharing and Central Bank Intervention in the Foreign Exchange Market
Helen POPPER (Santa Clara University, USA)
John D. Montgomery

Openness, Inflation and Exchange Rate Regimes
Philip R. LANE (Harvard University, USA)

Currencies and the Allocation of Risk: The Welfare Effects of a Monetary Union
Pablo A. NEUMEYER (University of Southern California, USA)

Bankruptcy (Session Session 27B-33)

Control Rights, Debt Structure, and the Loss of Private Benefits: The Case of the UK Insolvency Code
Kjell NYBORG (London Business School)
Julian Franks

The Capital Structure Holdout Problem: Why Firms in Financial Distress Remain Overleveraged
Rajesh AGGARWAL (Dartmouth College)

The Allocation of Residual Rights
Sugato BHATTACHARYYA (University of Michigan, USA)
Rajdeep Singh

Project Development, Liquidation Values and Multiple Creditor Borrowing
Iestyn WILLIAMS (University of Southampton, UK)

Imperfect Competition 1 (Session 27B-35)

Implicit Collusion, Limit Pricing and Price Fluctuation with Multiple Incumbents
Noriyuki YANAGAWA (Keio University, Japan)
Hitoshi Matsushima

A Model of Multiproduct Price Competition
Amparo URBANO (University of Valencia, Spain)
Yair Tauman
Junichi Watanabe

Network Structure and Entry, in the Deregulated Airline Industry
Sougata Poddar (CORE, Belgium)
Joseph BERECHMAN
Oz Shy

Patent Litigation as an Information Transmission Mechanism
Jay Pil CHOI (Columbia University, USA)

Economic Geography (Session 27B-36)

Labor Specialization and City Formation
Yves ZENOU (CORE, Belgium)
Marcus Berliant

A Spatial Pattern of Household Specialization in the Early Stages of Development
Tae Jeong LEE (Vanderbilt University, USA)

From Infrastructure to Regional Development through Industrial Location
Guido G. PORTO(Universidad Nacional de La Plata, Argentina)

Semiparametric and Nonparametric Methods 1 (Session 27B-41)

A Global Encompassing Criterion for Nonparametric Regression Models
Christophe BONTEMPS (University of Social Sciences, France)
Jean-Pierre Florens

Selecting Regressors Using Nonparametric Estimators
Pascal LAVERGNE (INRA-ESR, France)
Quang H. Vuong

Asymptotic Variance of Two-Sample Two-Stage Moment-Based Estimators with Parametric and Nonparametric First Stage
Myoung-jae LEE (Tilburg University, The Netherland)

A Simulated Semiparametric Estimation of Nonlinear Errors-in-Variables Models
Liqun WANG (University of Southern California, USA)
Cheng Hsiao

Labor Supply 2 (Session 27B-42)

Women's Choice of Work and Fertility in Urban Tamil Nadu, India
Malathy DURAISAMY (Indian Institute of Technology)

Retirement in the Netherlands: A Dynamic Programming Approach
Arjan HEYMA (Leiden University, The Netherlands)

Wage Differentials and Work Selection of Married Females in Japan-Informal and Part-Time Work Opportunities
Nobuko NAGASE (Toyo University)

Retirement and the Distinction between Quits and Layoffs
V. THIO (Leiden University, The Netherlands)

Convergence (Session 27B-43)

Paradise Lost? Growth, Convergence and Migration in the South Pacific
Paul CASHIN (International Monetary Fund, USA)
Norman Loayza

Dynamics of the Income Distribution across OECD Countries
Ana R. LAMO (London School of Economics,UN)
Javier Andres

Distribution and Mobility of Wealth of Nations
Richard PAAP (Tinbergen Institute, The Netherlands)
Herman K. van Dijk

Convergence in Per Capita Income and Migration across the Swedish Counties 1906-1990
Joakim PERSSON (Stockholm University, Sweden)

Macroeconometric Modeling (Session 27B-45)

Monetary Transmission in a Small Open Economy: The Case of the Netherlands
Willem C. BOESCHOTEN (De Nederlandsche Bank NV)
Peter J.A. van Els
Jacob A. Bikker

Simulation with a Forecasting Model of Sri Lankan Economy
Wimal RANKADUWA (Mount Saint Vincent University, Canada)
U.L. Gouranga Rao
Tomson Ogwang

The Role of Real Estates in the National Economy: The Case of Korea
Seoung Hwan SUH (Yonsei University, Korea)

Ex-Post Simulation Analysis of the Economic Patterns of the Polish Economy in Transition Based on the New Quarterly Model of the Polish Economy
Wladylsaw WELFE (University of Lodz)
Grazyna Juszczak-Szumacher
Nina Lapinska-Sobczak
Robert Kelm

Aggregate Consumption (Session 27B-53)

Fiscal Policy and Consumption: New Evidence from the United States
Julia DARBY (University of Glasgow, UK)
Jim Malley

Permanent Income, Heterogeneity and the Error Correction Mechanism
Marco LIPPI (Dipartimento di Scienze Economiche, Italy)
Mario Forni

Measuring Intertemporal Substitution: The Role of Durable Goods
Masao OGAKI (Ohio State University, USA)
Carmen M. Reinhart

Modelling a Linear Dynamic System for Consumption Income and Inflation Rate in Austria
Gerhard THURY (Austrian Institute of Economic Research)

Cointegration Methodology (Session 27B-54)

Identifiability of Cointegrated Systems
H. Peter BOSWIJK (University of Amsterdam, the Netherlands)

A Simultaneous Equations Approach to Cointegrated Systems
Joerg BREITUNG (Humboldt University of Berlin, Germany)

Cointegration and Dynamic Simultaneous Equations Model
Cheng HSIAO (University of Southern California, USA)

Long-Run Structural Modelling
Yongcheol SHIN (University of Cambridge,UK)

ARCH and Extensions 2 (Session 27B-55)

The Conditional Heteroscedasticity of the Yen-Dollar Exchange Rate
Y.K. TSE (National University of Singapore)

An Empirical Analysis of Alternative Parametric ARCH Models
Whing H. WATT (University of Glasgow, UK)
Pradeep K. Yadav

Estimation and Testing in Models Containing both Jumps and Conditional Heteroskedasticity
Bas WERKER (Tilburg University, The Netherlands)
F.C. Drost
Th. E. Nijman

Asymmetric GARCH with Asymmetric Volatilities
Jean-Michel ZAKOIAN (CREST, France)
Mohamed El Babsiri

Program World Conference Econometric Society Tokyo, August 1995