Econometric Society Monographs: Advances in Economics and Econometrics 3 Volume Paperback Set: Theory and Applications, Tenth World Congress

Econometric Society Monographs: Advances in Economics and Econometrics 3 Volume Paperback Set: Theory and Applications, Tenth World Congress

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These three volumes contain edited versions of papers and commentaries presented at invited symposium sessions of the Tenth World Congress of the Econometric Society 2010. The papers summarize and interpret key developments in economics and econometrics and they discuss future directions for a variety of topics, covering both theory and application. Written by the leading specialists, these volumes provide a unique, accessible survey of progress on the discipline. The first volume addresses economic theory, focusing on nonstandard markets, contracts, decision theory, communication and organizations, epistemics and calibration, and patents. The second volume addresses applied economics, with specific focuses on finance, political economy, trade and firm dynamics, economic growth, and perspectives on Chinese economic growth. The third volume primarily addresses econometrics, with specific focuses on the econometrics of industrial organization, macroeconometrics, econometric theory, empirical microeconomics, time series and panels, and the Mirrlees Review on tax reform in the twenty-first century.
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Product details

  • Paperback | 1700 pages
  • 152 x 227 x 88mm | 2,270g
  • Cambridge, United Kingdom
  • English
  • New
  • 49 Tables, unspecified; 2 Halftones, unspecified; 116 Line drawings, unspecified
  • 1107628865
  • 9781107628861
  • 1,254,037

Table of contents

Volume 1: Part I. Nonstandard Markets: 1. Matching markets: theory and practice; 2. The economics of Internet markets; 3. Discussion of 'Matching markets: theory and practice'; Part II. Contracts: 4. Contracts: the theory of dynamic principal-agent relationships and the continuous-time approach; 5. Dynamic financial contracting; 6. Comments on contracts; Part III. Decision Theory: 7. Ambiguity and the Bayesian paradigm; 8. Temptation; 9. Comments on 'behavioral' decision theory; Part IV. Communication/Organization: 10. Giving and receiving advice; 11. Organizational economics with cognitive costs; Part V. Foundations Epistemics and Calibration: 12. Strategies and interactive beliefs in dynamic games; 13. Calibration: respice, adspice, prospice; 14. Discussion of 'Strategies and interactive beliefs in dynamic games' and of 'Calibration: respice, adspice, prospice'; Part VI. Patents: Pros and Cons for Innovation and Efficiency: 15. Revisiting the relationship between competition, patenting, and innovation; 16. Mechanisms for allocation and decentralization of patent rights. Volume 2: Part I. Finance: 1. Macroeconomics with financial frictions: a survey; Part II. Political Economy; 2. Institutional comparative statics; 3. The political economy of mass media; 4. Comments on Prat and Stroemberg, and Robinson and Torvik; 5. Job search, labor force participation, and wage rigidities; 6. From wages to welfare: decomposing gains and losses from rising inequality; Part III. Trade and Firm Dynamics: 7. Trade liberalization and firm dynamics; 8. International trade: linking micro and macro; Part IV. Growth: 9. Structural development accounting; 10. Misallocation, economic growth, and input-output economics; Part V. Frisch Lecture: 11. Trade and labor market outcomes; Part VI. Perspectives on Chinese Economic Growth: 12. The China miracle demystified; 13. Is precocious export sophistication a source of China's growth success? Computing the share of domestic value added in exports when processing trade is prevalent; 14. Perspectives on China's economic growth patent rights. Volume 3: Part I. Econometrics of Industrial Organization: 1. Game theory and econometrics: a survey of some recent research; 2. Recent developments in empirical IO: dynamic demand and dynamic games; 3. Estimation of (dynamic) games: a discussion; Part II. Macroeconometrics: 4. Macroeconomics and volatility: data, models, and estimation; 5. Estimation and evaluation of DSGE models: progress and challenges; 6. Discussion of Fernandez-Villaverde and Rubio-Ramirez as well as Schorfheide; Part III. Econometric Theory: 7. Estimation and inference methods for high-dimensional sparse econometric models; 8. Measurement error in nonlinear models - a review; 9. Penalized least square methods for latent variables models; Part IV. Empirical Microeconomics: 10. Productivity and management practices; 11. ExtrapoLATE-ing: external validity and overidentification in the LATE framework; Part V. Time Series and Panels: 12. Panel data models and factor analysis; 13. Penalized sieve estimation and inference of semi-nonparametric dynamic models: a selective review; Part VI. Mirrlees Review: Rethinking the Tax System for the Twenty-First Century: 14. Empirical evidence and tax design; 15. A review of the Mirrlees Review: labor tax reforms; 16. The Mirrlees Review and optimal labor income tax and transfer programs.
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Review quote

'This collection of papers gives an up-to-date review of the literature in major fields of economics by influential scholars. Anyone interested in knowing the frontier of knowledge in economic science will profit from reading these essays.' James J. Heckman, Nobel Laureate, Henry Schultz Distinguished Service Professor, University of Chicago, and President of the Econometric Society 2013 'Every five years a remarkable collective act of generosity takes place in the economics profession. More than fifty of the world's top researchers - all at their most productive and with great demands on their time - agree to write essays on the state of their respective fields. Equally generous is the work put in by the editors of these volumes, Daron Acemoglu, Manuel Arellano, and Eddie Dekel, who masterminded the Tenth World Congress of the Econometric Society held in Shanghai in August 2010, and whose task it was to decide the frontier fields and select the pioneering authors. We are indebted to them all for their insights into what is happening at the cutting edge and for showing us where economics is heading.' John Moore, Edinburgh University and London School of Economics and Political Science 'These three volumes contain selected plenary papers from the 2010 World Congress of the Econometric Society, which is the premier global scientific society for economic analysis. Leading economists from all parts of the world meet in such a world congress only once every five years, and the plenary speakers there endeavor to summarize the best of current research in theory and applications. Together in these volumes, they offer us a broad view of the frontier of economic analysis today.' Roger Myerson, Nobel Laureate, University of Chicago
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About Daron Acemoglu

Daron Acemoglu is the Elizabeth and James Killian Professor of Economics at the Massachusetts Institute of Technology and the recipient of the John Bates Clark Medal in 2005. He is the author of numerous works including Economic Origins of Dictatorship and Democracy, with James Robinson (Cambridge, 2006) and Introduction to Modern Economic Growth (2009). He is the current editor of Econometrica. Manuel Arellano is a Professor of Econometrics at CEMFI, Madrid. His many published articles have appeared in numerous journals, including Econometrica, the Journal of Econometrics and The Economic Journal. He is the author of Panel Data Econometrics (2003) and currently serves as second vice-president of the Econometric Society. Eddie Dekel is the William R. Kenan, Jr Professor of Economics at Northwestern University and Grace and Daniel Ross Professor of Economics at Tel Aviv University. He is a member of the American Academy of Arts and Sciences, a past editor of Econometrica, and a current associate editor of Theoretical Economics and the Journal of Economic Literature.
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