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Quantiles provide a natural description of statistical variability in diverse populations; quantile regression offers a unified statistical methodology for studying how these measures of diversity depend upon other influences.

This book reviews the basic econometric methods that have been used to analyze panel data - in other words, data collected by observing a number of individuals over time.

Two-sided matching provides a model of search processes such as those between firms and workers in labor markets or between buyers and sellers in auctions. This book gives a comprehensive account of recent results concerning the game-theoretic analysis of two-sided matching. The focus of the book is on the stability of outcomes, on the incentives that different rules of organization give to agents, and on the constraints that these incentives impose on the ways such markets can be organized. The results for this wide range of related models and matching situations help clarify which conclusions depend on particular modeling assumptions and market conditions, and which are robust over a wide range of conditions. 'This book chronicles one of the outstanding success stories of the theory of games, a story in which the authors have played a major role: the theory and practice of matching markets ... The authors are to be warmly congratulated for this fine piece of work, which is quite unique in the game-theoretic literature.' From the Foreword by Robert Aumann

Axioms of Cooperative Decision Making provides a unified and comprehensive study of welfarism, cooperative games, public decision making, and voting and social choice theory - technically heterogeneous subjects that are linked by common axioms.

This book presents an exploration of the idea of the common or social good, extended so that alternatives with different populations can be ranked. The approach is, in the main, welfarist, basing rankings on the well-being, broadly conceived, of those who are alive (or ever lived).

This is the first of three volumes containing edited versions of papers and commentaries presented in invited symposium sessions of the Eighth World Congress of the Econometric Society. The papers summarize and interpret recent key developments and discuss future directions in a wide range of topics in economics and econometrics.

This is the first of a two-volume set of articles reflecting the current state of research in theoretical and applied econometrics. The topics covered include time series methods, semiparametric methods, seasonality, financial economics, model solution techniques, economic development, and labour economics.

This book discusses economic behavior at the individual and group level and the implications to the performance of economic systems. The lectures are delivered in a non-technical level to benefit the newcomers, yet the overview of the distinguished lecturers is beneficial to seasoned researchers.

Advances in Econometrics: Fifth World Congress, Volume II, edited by Professor Truman F. Bewley of Yale University, includes a wide variety of topics, comprising empirical and policy oriented subjects as well as theoretical and methodological ones.

This study, first published in 2006, asks whether democracy, modeled as competition between political parties that represent different interests in the polity, will result in educational funding policies that will, at least eventually, produce citizens who have equal capacities (human capital), thus breaking the link between family background and child prospects.

In this book Andreu Mas-Colell brings together work on economic theory written over the last twenty years, based upon his pioneering work in the use of differential topology in the analysis of general equilibrium. The analysis is presented in a way which makes it accessible to the broader range of economic theorists and advanced students.

This is the second of three volumes containing edited versions of papers and commentaries presented in invited symposium sessions of the Eighth World Congress of the Econometric Society. The papers summarize and interpret key developments and discuss future directions in a wide range of topics in economics and econometrics.

This first volume contains papers focusing on econometrics that were delivered at the Fifth World Congress, held in 1985. Designed to make material accessible to a general audience of economists, these papers should be helpful to anyone with training in economics who wishes to follow new ideas and tendencies in the subject.

These twenty papers were selected by the author. The book includes a major introduction by Werner Hildenbrand, who assesses Professor Debreu's contribution to economic theory and explains the part played by these papers in the development of the subject.

This is the first of a two-volume set of articles reflecting the current state of research in theoretical and applied econometrics. The topics covered include time series methods, semiparametric methods, seasonality, financial economics, model solution techniques, economic development, and labour economics.

This book addresses one of the major theoretical issues that underlies, implicitly or explicitly, some recurrent controversies in macroeconomics - namely, whether a competitive monetary economy has built-in mechanisms that are strong enough to remove excess demands and supplies on all markets, through an automatic adjustment of the price system.

These essays by Clive W. J. Granger span more than four decades and cover major topics in spectral analysis, seasonality, nonlinearity, methodology, and forecasting. The introduction by Eric Gysels, Norman R. Swanson and Mark W. Watson places the essays in context and demonstrates their enduring value.

This book comprises the second volume of papers examining the latest developments in economic theory given at the Sixth World congress of the Econometric Society in Barcelona in August 1990. With papers from the world's leading specialists, it gives the reader a unique survey of the most recent advances in economic theory.

Now available in paperback A Contribution To The Pure Theory of Taxation investigates the way in which tax systems affect economic efficiency and the distribution of welfare. It views tax systems as information extracting devices that generate sets of equilibria of complex geometry.

This book brings together many results from the growing literature in econometrics on misspecification testing, providing theoretical analyses and convenient methods for application. The main emphasis is on the Lagrange multiplier principle.

The first published exposition of current econometic methods for the study of duration data focuses primarily on single-spell data, events in which individual agents are observed for a single duration, although some attention is also given to multiple-spell data.

The definition and measurement of social welfare have been a vexed issue for the past century. This book makes a constructive, easily applicable proposal and suggests how to evaluate the economic situation of a society in a way that gives priority to the worse-off and that respects each individual's preferences over his or her own consumption, work, leisure and so on. This approach resonates with the current concern to go 'beyond the GDP' in the measurement of social progress. Compared to technical studies in welfare economics, this book emphasizes constructive results rather than paradoxes and impossibilities, and shows how one can start from basic principles of efficiency and fairness and end up with concrete evaluations of policies. Compared to more philosophical treatments of social justice, this book is more precise about the definition of social welfare and reaches conclusions about concrete policies and institutions only after a rigorous derivation from clearly stated principles.

Pioneered by American economist Paul Samuelson, revealed preference theory is based on the idea that the preferences of consumers are revealed in their purchasing behavior. Researchers in this field have developed complex and sophisticated mathematical models to capture the preferences that are 'revealed' through consumer choice behavior. This study of consumer demand and behavior is closely tied up with econometrics (especially nonparametric econometrics), where testing the validity of different theoretical models is an important aspect of research. The theory of revealed preference has a very long and distinguished tradition in economics, but there was no systematic presentation of the theory until now. This book deals with basic questions in economic theory, such as the relation between theory and data, and studies the situations in which empirical observations are consistent or inconsistent with some of the best known theories in economics.

Students in both social and natural sciences often seek regression methods to explain the frequency of events, such as visits to a doctor, auto accidents, or new patents awarded. The second edition provides the most comprehensive and up-to-date account of models and methods to interpret such data.

Compte and Postlewaite propose novel methods to incorporate ignorance and uncertainty into economic modeling, without complex mathematics. An accessible text that proposes a constructive critique of the discipline, and that will find a broad audience with readers who build or use economic models, and those just interested in the discipline.

The third of three volumes containing edited versions of papers and commentaries presented at invited symposium sessions of the Tenth World Congress of the Econometric Society 2010. The papers interpret key developments in economics and econometrics, and discuss future directions for a variety of topics, covering both theory and application.

This book is the first volume of three containing papers presented at the Seventh World Congress of the Econometric Society. The papers summarize and interpret key recent developments and discuss current and future directions in a wide range of topics in economics and econometrics. They cover both theory and applications.

This is the first of three volumes containing edited versions of papers and a commentary presented at invited symposium sessions of the Ninth World Congress of the Econometric Society in 2005. Written by leading specialists in their fields, these volumes provide a unique survey of progress in the discipline.

This volume includes papers delivered at the Fourth World Congress of the Econometric Society. It will interest economic theorists and econometricians working in universities, government, and business and financial institutions.

At the Fourth World Congress of the Econometric Society, a number of Symposia were held at which invited papers were given. The purpose of these Symposia was to survey as completely as possible those areas in Economic Theory and Econometrics where important research had come to light during the last few years. This volume includes papers delivered at the Congress.