Discussion Papers

CFDP 1884 Karl E. Case, John M. Quigley, Robert J. Shiller, "Wealth Effects Revisited 1975-2012," (December 2012) [34pp, Abstract]
CFDP 1883 Xiaohong Chen, Jack Favilukis, Sydney C. Ludvigson, "An Estimation of Economic Models with Recursive Preferences," (December 2012) [58pp, Abstract]
CFDP 1882 Martin Shubik, "Mathematical Institutional Economics," (December 2012) [26pp, Abstract]
CFDP 1881 Martin Shubik, William D. Sudderth, "Cost Innovation: Schumpeter and Equilibrium. Part 2: Innovation and the Money Supply," (December 2012) [41pp, Abstract]
CFDP 1880 Xiaohong Chen, Jinyong Hahn, Zhipeng Liao, "Asymptotic Efficiency of Semiparametric Two-step GMM," (October 2012) [24pp, Abstract] [See 1427]
CFDP 1879 Peter C. B. Phillips, "On Confidence Intervals for Autoregressive Roots and Predictive Regression," (September 2012) [27pp, Abstract] [See 1422]
CFDP 1878 Ioannis Kasparis, Elena Andreou, Peter C. B. Phillips, "Nonparametric Predictive Regression," (September 2012) [49pp, Abstract] [See 1461]
CFDP 1877R3 Ana Fostel, John Geanakoplos, "Leverage and Default in Binomial Economies: A Complete Characterization," (September 2012, Revised March 2015) [46pp, Abstract] [See 1502]
CFDP 1877R2 Ana Fostel, John Geanakoplos, "Leverage and Default in Binomial Economies: A Complete Characterization," (September 2012, Revised August 2014) [45pp, abstract pp, Abstract]
CFDP 1877R Ana Fostel, John Geanakoplos, "Leverage and Default in Binomial Economies: A Complete Characterization," (September 2012, Revised July 2013) [39pp, Abstract]
CFDP 1877 Ana Fostel, John Geanakoplos, "Endogenous Leverage in a Binomial Economy: The Irrelevance of Actual Default," (September 2012) [43pp, Abstract]
CFDP 1876R Karl E. Case, Robert J. Shiller, Anne K. Thompson, "What Have They Been Thinking? Homebuyer Behavior in Hot and Cold Markets — A 2014 Update," (September 2012, Revised March 2015) [47pp, Abstract]
CFDP 1876 Karl E. Case, Robert J. Shiller, Anne K. Thompson, "What Have They Been Thinking? Home Buyer Behavior in Hot and Cold Markets," () [40pp, Abstract]
CFDP 1875 Yi-Chun Chen, Alfredo Di Tillio, Eduardo Faingold, Siyang Xiong, "The Strategic Impact of Higher-Order Beliefs," (September 2012) [48pp, Abstract]
CFDP 1874 Costas Meghir, Renata Narita, Jean-Marc Robin, "Wages and Informality in Developing Countries," (September 2012) [66pp, Abstract] [See 1470]
CFDP 1873 Zhipeng Liao, Peter C. B. Phillips, "Automated Estimation of Vector Error Correction Models," (September 2012) [91pp, Abstract] [See 1476]
CFDP 1872 Ioannis Kasparis, Peter C. B. Phillips, Tassos Magdalinos, "Non-linearity Induced Weak Instrumentation," (September 2012) [38pp, Abstract] [See 1404]
CFDP 1871 Peter C. B. Phillips, Zhipeng Liao, "Series Estimation of Stochastic Processes: Recent Developments and Econometric Applications," (September 2012) [52pp, Abstract]
CFDP 1870 Quingmin Liu, George J. Mailath, Andrew Postlewaite, Larry Samuelson, "Matching with Incomplete Information," (August 2012) [44pp, Abstract] [See 1416]
CFDP 1869 Eric Smith, Martin Shubik, "Runs, Panics and Bubbles: Diamond-Dybvig and Morris-Shin Reconsidered," (August 2012) [28pp, Abstract] [See 1447]
CFDP 1868R Karim Jamal, Michael Maier, Shyam Sunder, "Simple Agents, Intelligent Markets," (July 2012, Revised March 2015) [32pp, Abstract]
CFDP 1868 Karim Jamal, Michael Maier, Shyam Sunder, "Decoupling Markets and Individuals: Rational Expectations Equilibrium Outcomes from Information Dissemination among Boundedly-Rational Traders," (July 2012) [30pp, Abstract]
CFDP 1867 Lorenzo Caliendo, Ferdinando Monte, Esteban Rossi-Hansberg, "The Anatomy of French Production Hierarchies," (July 2012) [75pp, Abstract] [See 1485]
CFDP 1866R Martin Shubik, "What Is a Solution to a Matrix Game," (July 2012, Revised February 2013) [74pp, Abstract]
CFDP 1866 Martin Shubik, "What Is a Solution to a Matrix Game," (July 2012) [74pp, Abstract]
CFDP 1865R Donald J. Brown, "Notes on Computational Complexity of GE Inequalities," (July 2012, Revised August 2012) [19pp, Abstract]
CFDP 1865 Donald J. Brown, "Notes on Computational Complexity of GE Inequalities," (July 2012) [13pp, Abstract]
CFDP 1864 Ray C. Fair, "How Should the Fed Report Uncertainty?," (June 2012) [23pp, Abstract]
CFDP 1863 Eric Smith, Martin Shubik, "The Financing of a Public Utility," (June 2012) [83pp, Abstract]
CFDP 1862 Pradeep Dubey, Rahul Garg, Bernard De Meyer, "Competing for Customers in a Social Network (R)," (May 2012) [30pp, Abstract]
CFDP 1861 Ray C. Fair, "Is Fiscal Stimulus a Good Idea?," (May 2012, Revised March 2014) [20pp, Abstract]
CFDP 1860R Martin Shubik, "A Web Gaming Facility for Research and Teaching," (May 2012, Revised June 2013) [30pp, Abstract]
CFDP 1860 Martin Shubik, "A Web Gaming Facility for Research and Teaching," (May 2012) [30pp, Abstract]
CFDP 1859 Dirk Bergemann, Ji Shen, Yun Xu, Edmund M. Yeh, "Multi-dimensional Mechanism Design with Limited Information," (April 2012) [22pp, Abstract] [See 1389]
CFDP 1858 Pradeep Dubey, Siddhartha Sahi, "The Allocation of a Prize (R)," (April 2012) [36pp, Abstract]
CFDP 1857 William D. Nordhaus, Xi Chen, "Improved Estimates of Using Luminosity as a Proxy for Economic Statistics: New Results and Estimates of Precision," (March 2012) [44pp, Abstract]
CFDP 1856 Guofang Huang, Ahmed Khwaja, K. Sudhir, "Short Run Needs and Long Term Goals: A Dynamic Model of Thirst Management," (March 2012) [48pp, Abstract]
CFDP 1855 Jonathan T. Kolstad, Amanda E. Kowalski, "Mandate-Based Health Reform and the Labor Market: Evidence from the Massachusetts Reform," (March 2012) [58pp, Abstract]
CFDP 1854R John E. Roemer, "Kantian Optimization: An Approach to Cooperative Behavior," (March 2012, Revised October 2013) [58pp, Abstract]
CFDP 1854 John E. Roemer, "Kantian Optimization, Social Ethos, and Pareto Efficiency," (March 2012) [48pp, Abstract]
CFDP 1853 Geoffroy de Clippel, Kareen Rozen, "Bounded Rationality and Limited Datasets: Testable Implications, Identification, and Out-of-Sample Prediction," (March 2012, Updated May 2014) [33pp, Abstract]
CFDP 1852 John Geanakoplos, Robert Axtell, J. Doyne Farmer, Peter Howitt, Benjamin Conlee, Jonathan Goldstein, Matthew Hendrey, Nathan M. Palmer, Chun-Yi Yang, "Getting at Systemic Risk via an Agent-Based Model of the Housing Market," (March 2012) [13pp, Abstract] [See 1358]
CFDP 1851 Sumon Datta, K. Sudhir, "Does Reducing Spatial Differentiation Increase Product Differentiation? Effects of Zoning on Retail Entry and Format Variety," (March 2012, Updated September 2012) [49pp, Abstract]
CFDP 1850 Boudhayan Sen, Jiwoong Shin, K. Sudhir, "Demand Externalities from Co-Location," (February 2012) [35pp, Abstract]
CFDP 1849 Xiaohong Chen, Zhipeng Liao, Yixiao Sun, "Sieve Inference on Semi-nonparametric Time Series Models," (February 2012) [54pp, Abstract] [See 1401]
CFDP 1848 Johannes Hörner, Satoru Takahashi, Nicolas Vieille, "On the Limit Equilibrium Payoff Set in Repeated and Stochastic Games," (February 2012) [20pp, Abstract]
CFDP 1847 Sebastian Kranz, "Discounted Stochastic Games with Voluntary Transfers," (January 2012) [32pp, Abstract]
CFDP 1846 Dirk Bergemann, Stephen Morris, Satoru Takahashi, "Efficient Auctions and Interdependent Types," (January 2012) [14pp, Abstract] [See 1360]
CFDP 1845 Peter C. B. Phillips, Ji Hyung Lee, "VARs with Mixed Roots Near Unity," (January 2012) [24pp, Abstract] [See 1473]
CFDP 1844 Giuseppe Cavaliere, Peter C. B. Phillips, Stephan Smeekes, A. M. Robert Taylor, "Lag Length Selection for Unit Root Tests in the Presence of Nonstationary Volatility," (January 2012) [35pp, Abstract] [See 1460]

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