Neil Shephard Discrete-valued Le vy processes and low latency financial econometrics Thomas Flury and Neil Shephard Learning and Filtering via simulation: smoothly jittered particle Filters Fabian Eser Monetary Policy in a Currency Union with Heterogeneous Limited Asset Markets Participation Andrés Carvajal and John Quah A Nonparametric Analysis of the Cournot Model Fabian Eser Optimal Fiscal Stabilisation through Government Spending Neil Shephard Income contingent tuition fees for universities Cavit Pakel, Neil Shephard and Kevin Sheppard Nuisance parameters, composite likelihoods and a panel of GARCH mode ls Aytek Erdil and Paul Klemperer A New Payment Rule for Core-Selecting Package Auctions Bent Nielsen Test for cointegration rank in general vector autoregressions Bent Nielsen and Jouni Sohkanen Asymptotic behaviour of the CUSUM of squares test under stochastic and deterministric time trends D. Kuang, Bent Nielsen and J. P. Nielsen Chain-Ladder as Maximum Likelihood Revisited Jeremy Below and Paul Klemperer Price Controls and Consumer Surplus (Revised, 2012).Paul Klemperer The Product-Mix Auction: a New Auction Design for Differentiated Goods (supersedes the 2008 version called: "A New Auction for Substitutes: Central-Bank Liquidity Auctions, "Toxic Asset" Auctions, and Variable Product-Mix Auctions"​ Jeremy Bulow and Paul Klemperer Why Do Sellers (Usually) Prefer Auctions? Nathaniel Frank Linkages between asset classes during the financial crisis, accounting for market microstructure noise and non-synchronous trading Neil Shephard and Kevin Sheppard Realising the future: forecasting with high frequency based volatility (HEAVY) models Zorica Mladenović and Bent Nielsen The role of income in money demand during hyper-inflation: the case of Yugoslavaia Paul Klemperer What is the Top Priority on Climate Change? Alberto Petrucci Nonoptimality of the Friedman Rule with Capital Income Taxation Thomas Flury and Neil ShephardBent Nielsen Singular vector autoregressions with deterministic terms: Strong consistency and lag order determination Ole E. Barndorff-Nielsen and Neil Shephard Modelling and measuring volatility Cameron Hepburn, John K.-H. Quah, and Robert A. Ritz Emissions Trading with Profit-Neutral Permit Allocations Robert F. Engle, Neil Shephard and Kevin Shepphard Fitting vast dimensional time-varying covariance models Ole E. Barndorff-Nielsen, Peter Reinhard Hansen, Asger Lunde and Neil Shephard Multivariate realised kernels: consistent positive semi-definite estimators of the covariation of equity prices with noise and non-synchronous trading D. Kuang, B. Nielsen and J.P. Nielsen Forecasting with the age-period-cohort model and the extended chain-ladder model . In Biometrika 95, 2008, pp.987-991.Bruno Strulovici Learning While Voting: Determinants of Collective Experimentation Bent Nielsen and Heino Bohn Nielsen Properties of estimated characteristic roots Brendan K. Beare Unit Root Testing with Unstable Volatility Clive G. Bowsher and Roland Meeks The Dynamics of Economic Functions: Modelling and Forecasting the Yield Curve Neil Shephard and Torben G. Andersen Stochastic Volatility: Origins and Overview 2008-W03 Søren Johansen and Bent Nielsen An analysis of the indicator saturation estimator as a robust regression estimator . In Castle, J. L. and Shephard, N. The Methodology and Practice of Econometrics: A Festschrift in Honour of David F. Hendry. Oxford University Press. p. 1-36.Ole E. Barndorff-Nielsen, Silja Kinnebrock and Neil Shephard Measuring downside risk - realised semivariance 2008-W01 Peyton Young, Dean P. Foster The Hedge Fund Game Di Kuang, B. Nielsen and J.P. Nielsen Identification of the age-period-cohort model and the extended chain ladder model . In Biometrika, 95, 2008, pp.979-986.John K-H. Quah and Bruno Strulovici Comparative Statics, Informativeness, and the Interval Dominance Order Jeremy Bulow and Paul Klemperer When are Auctions Best? Carlos Caceres and Bent Nielsen Convergence to Stochastic Integrals with Non-linear Integrands Eric Engler and Bent Nielsen The empirical process of autoregressive residuals . Also published in Econometrics Journal 12, 2009, pp. 367-381.Clive G. Bowsher and Roland Meeks High Dimensional Yield Curves: Models and Forecasting Roland Meeks Credit shocks and cycles: a Bayesian calibration approach Ole E. Barndorff-Nielsen, Peter Hansen, Asger Lunde and Neil Shephard Subsampling realised kernels John Quah Additional Notes on the Comparative Statics of Constrained Optimization Problems Jeremy Large A Market-Clearing Role for Inefficiency on a Limit Order Book 2006-W07 Joseph Farrell and Paul Klemperer Coordination and Lock-In: Competition with Switching Costs and Network Effects Paul Klemperer Network Effects and Switching Costs: two short essays for the new New Palgrave Retracted.John C. Bluedorn and Christopher Bowdler The Open Economy Consequences of U.S. Monetary Policy Ole E. Barndorff-Nielsen, Peter Hansen, Asger Lunde and Neil Shephard Designing realised kernels to measure the ex-post variation of equity prices in the presence of noise Paul Milgrom and Bruno Strulovici Concepts and Properties of Substitute Goods Christopher J. Tyson Management of a Capital Stock by Strotz's Naive Planner 2005-W26 Clive G. Bowsher Modelling Security Market Events in Continuous Time: Intensity Based, Multivariate Point Process Models Christopher Bowdler Openness, exchange rate regimes and the Phillips curve 2005-W24 Jurgen A. Doornik and Marius Ooms Outlier Detection in GARCH Models 2005-W23 Kevin Roberts Social Choice Theory and the Informational Basis Approach John Bluedorn Hurricanes: Intertemporal Trade and Capital Shocks 2005-W21 John Bluedorn and Elizabeth U. Cascio Education and Intergenerational Mobility: Evidence from a Natural Experiment in Puerto Rico 2005-W20 Victoria Prowse State dependence in a multi-state model of employment dynamics 2005-W19 Victoria Prowse How damaging is part-time employment to a woman's occupational prospects? 2005-W18 John C. Bluedorn and Christopher Bowdler Monetary Policy and Exchange Rate Dynamics: New Evidence from the Narrative Approach to Shock Indentification Neil Shephard Stochastic volatility . To appear in New Palgrave Dictionary of Economics, 2nd edition, (edited by Steven Durlauf and Lawrence Blume), 2006.Ole E. Barndorff-Nielsen and Neil Shephard Variation, jumps, market frictions and high frequency data in financial econometrics Kevin Roberts Condorcet Cycles? A Model of Intertemporal Voting 2005-W14 Christopher Bowdler and Adeel Malik Openness and Inflation Volatility: Cross-Country Evidence Florin O. Bilbiie The Utopia of Implementing Monetary Policy Cooperation through Domestic Institutions Florin O. Bilbiie and David Stasavage Incomplete Fiscal Rules with Imperfect Enforcement Florin O. Bilbiie Fiscal Contracts for a Monetary Union 2005-W10 Florin O. Bilbiie Deus ex machina wanted: time inconsistency of time consistency solutions in monetary policy Florin O. Bilbiie Limited Asset Markets Participation, Monetary Policy and (Inverted) Keynesian Logic 2005-W08 Bent Nielsen Analysis of co-explosive processes Ole E. Barndorff-Nielsen, Neil Shephard and Matthias Winkel Limit theorems for multipower variation in the presence of jumps Abstract To appear in Stochastic Processes and Their Applications, 2006.Ole E. Barndorff-Nielsen, Sven Erik Graversen, Jean Jacod and Neil Shephard Limit theorems for bipower variation in financial econometrics To appear in Econometric Theory, 2006. 2005-W05 Jeremy Large Estimating quadratic variation when quoted prices jump by a constant increment 2005-W04 Stephen Bond and Måns Söderbom Adjustment Costs and the Identification of Cobb Douglas Production Functions Christopher J. Tyson Axiomatic Foundations for Satisficing Behavior Christopher Bliss Tradeable Goods, Non-Tradeable Goods and Participation 2005-W01 Takamitsu Kurita and Bent Nielsen Short-Run Parameter Changes in a Conintegrated Vector Autoregressive Model Bent Nielsen (2003) Money Demany in the Yugoslavian Hyperinflation 1991-1994. In Economics: The Open-Access, Open-Assessment E-Journal 2, 2008-21, On the Explosive Nature of Hyper-Inflation Data (note different title).Ole E. Barndorff-Nielsen and Neil Shephard Multipower variation and stochastic volatility . In Stochastic Finance, (edited by A.N. Shiryaev, M.R. Grossinho, P.E. Oliveira, M.L. Esquivel) Springer, 2005, 73-82. 2004-W29 Ole E. Barndorff-Nielsen, Sven Erik Gravensen, Jean Jacod, Marc Podolskij and Neil Shephard A central limit theorem for realised power and bipower variations of continuous semimartingales . Iin From Stochastic Analysis to Mathematical Finance, Festschrift for Albert Shiryaev (edited by Kabanov, Y and R Lipster), Springer, 2006, forthcoming.Ole E. Barndorff-Nielsen, Peter Reinhard Hansen, Asger Lunde and Neil Shephard Regular and modified kernel-based estimators of integrated variance: the case with independent noise 2004-W27 Marc Fleurbaey Two Criteria for Social Decisions 2004-W26 Christopher Bliss Some Implications of a Variable EIS Lars Hougaard Hansen, Bent Nielsen and Jens Perch Nielsen Two sided analysis of variance with a latent time series Bent Nielsen, J. James Reade Simulating Properties of the Likelihood Ratio Test for a Unit Root in an Explosive Second Order Autoregression, Econometric Reviews 26, 487-501 (2007).Christopher Tyson Iterative Dominance and Sequential Bargaining Victoria Prowse Estimating Time Demand Elasticities Under Rationing 2004-W21 Clive G. Bowsher Modelling the Dynamics of Cross-Sectional Price Functions: an Econometric Analysis of the Bid and Ask Curves of an Automated Exchange Siddhartha Chib, Michael Pitt and Neil Shephard Likelihood based inference for diffusion driven models Yasuhiro Omori, Siddhartha Chib, Neil Shephard and Jouchi Nakajima Stochastic volatility with leverage: fast likelihood inference 2004-W18 John K.-H. Quah The Aggregate Weak Axiom in a Financial Economy Through Dominant Substitution Effects David F. Hendry and Hans-Martin Krolzig We Ran One Regression Jurgen A. Doornik, Neil Shephard and David F. Hendry Parallel Computation in Econometrics: A Simplified Approach . In Handbook of Parallel Computing and Statistics, Marcel Dekker, 2005.David F. Hendry Unpredictability and the Foundations of Economic Forecasting David F. Hendry Robustifying Forecasts from Equilibrium-Correction Models David F. Hendry and Carlos Santos Regression Models with Data-based Indicator Variables Guillaume Chevillon and David F. Hendry Non-Parametric Direct Multi-step Estimation for Forecasting Economic Processes 2004-W11 Christopher Bowdler and Luca Nunziata A note on the determinants of inflation starts in the OECD 2004-W10 Christopher Bowdler and Eilev S. Jansen Testing for time-varying price-cost markup in the Euro area inflation process 2004-W9 Paul Klemperer Auctions: Theory and Practice Steve Bond, Asli Leblebicioglu and Fabio Schiantarelli Capital Accumulation and Growth: A New Look at the Empirical Evidence John Quah The existence of equilibrium when excess demand obeys the weak axiom John Muellbauer and Justin van de Ven Estimating equivalence scales for tax and benefits systems Jeremy Large Cancellation and uncertainty aversion on limit order books David F Hendry and Carlos Santos Regression models with data-based indicator variables Ole E. Barndorff-Nielsen and Neil Shephard A feasible central limit theory for realised volatility under leverage Charles Bos and Neil Shephard Inference for adaptive time series models: stochastic volatility and conditionally Gaussian state space form 2004-W1 John Quah Comparative Statics with Concave and Supermodular Functions Bent Nielsen Strong consistency results for least squares estimators in general vector autoregressions with deterministic terms,, vol. 21, p. 534-561, 2005.Bent Nielsen Power of tests for unit roots in the presence of a linear trend . Oxford Bulletin of Economics and Statistics 70, pp. 619-644, 2008.Ole E. Barndorff-Nielsen and Neil Shephard Econometrics of testing for jumps in financial economics using bipower variation , Journal of Financial Econometrics, 2006, 4, 1-30.Jurgen Doornik and Marius Ooms Multimodality in the GARCH regression model Ole E. Barndorff-Nielsen, Svend Erik Graversen and Neil Shephard Power variation & stochastic volatility: a review and some new results Journal of Applied Probability, 2004, 41A, 133-143.Ole E. Barndorff-Nielsen and Neil Shephard Power and bipower variation with stochastic volatility and jumps To appear, with discussion, Journal of Financial Econometrics, 2004, 2, 1-48.David F. Hendry and Hans-Martin Krolzig Sub-Sample Model Selection Procedures in Gets Modelling Peter Flaschel and Hans-Martin Krolzig Wage and Price Phillips Curves An empirical analysis of destabilizing wage-price spirals Hans-Martin Krolzig General-to-Specific Model Selection Procedures for Structural Vector Autoregressions David F. Hendry and Hans-Martin Krolzig The Properties of Automatic Gets Modelling Ralf Brüggemann, Hans-Martin Krolzig and Helmut Lütkepohl Comparison of Model Reduction Methods for VAR Processes Ole E. Barndorff-Nielsen and Neil Shephard Impact of jumps on returns and realised variances: econometric analysis of time-deformed Levy processes . To appear, Journal of Econometrics, 2006. 2003-W11 Bent Nielsen Correlograms for non-stationary autoregressions,, series B, vol. 68, pp. 707-720. 2006H. Peter Boswijk and Jurgen A. Doornik Identifying, Estimating and Testing Restricted Cointegrated Systems: An Overview Juan E. Martinez-Legaz and John K.-H. Quah Risk Aversion over Incomes and Risk Aversion over Commodities. 2003-W8 Thomas Norman Step-by-Step Evolution with State-Dependent Mutations Thomas Norman The Evolution of Conflict under Inertia. 2003-W6 Thomas Norman The Evolution of Coordination under Inertia. 2003-W5 Heino Bohn Nielsen and Christopher Bowdler. Inflation Adjustment in the Open Economy: An I(2) Analysis of UK Prices. 2003-W4 Christopher Bowdler. Openness and the Output-Inflation Tradeoff. Clive G. Bowsher Modelling Security Market Events in Continuous Time: Intensity Based, Multivariate Point Process Models. Paul Klemperer Using and Abusing Economic Theory. Kamakshya Trivedi Regional Convergence and Catch-up in India between 1960 and 1992.

*This paper has been circulated on paper as well as electronically.



*This paper has been circulated on paper as well as electronically.



'Short Term Contracts Regulations and Dynamic Labour Demand: Theory and Evidence', Scottish Journal of Political Economy, Vol. 54, Number. 1, pp. 72-104, February 2007.2001-W6 Ole E. Barndorff-Nielsen and Neil Shephard - Normal modified stable processes. , 2001, 65, 1-19.*2001-W5 Giulio Federico and David Rahman - Bidding in an electricity pay-as-bid auction. Journal of Regulatory Economics, 2003, 24 (2) 175-211.2001-W4 Ole E. Barndorff-Nielsen and Neil Shephard - Econometric analysis of realised volatility and its use in estimating stochastic volatility models. This is a revised version of 2000-W29.64, 2002, 253-280.*2001-W3 John K.-H Quah - Comparative Statics of the Weak Axiom 2001-W2 Benoit Mulkay, Bronwyn Hall and Jacques Mairesse - Firm Level Investment and R&D in France and the United States: A Comparison 2001-W1 Ole E. Barndorff-Nielsen and Neil Shephard - Integrated OU Processes. Revised paper is now called Integrated OU processes and non-Gaussian OU-based stochastic volatility models,2003, 30, 277--295.*This paper has been circulated on paper as well as electronically.2000-W38 Ole E. Barndorff-Nielsen and Neil Shephard - Reply to the discussion of "Non-Gaussian OU based models and some of their uses in financial economics," read to the Royal Statistical Society on 18th October, 2000. 2000-W37* Hans-Martin Krolzig, Massimiliano Marcellino and Grayham E. Mizon - A Markov-Switching Vector Equilibrium Correction Model of the UK Labour Market. 2000-W36* Michael P. Clements and Hans-Martin Krolzig - Can Oil Shocks Explain Asymmetries in the US Business Cycle? 2000-W35* Hans-Martin Krolzig - Testing for Cobreaking and Super Exogeneity in the Presence of Deterministic Shifts. 2000-W34* Hans-Martin Krolzig - General-to-Specific Reductions in Vector Autoregressive Processes. 2000-W33* Hans-Martin Krolzig - Business Cycle Measurement in the Presence of Structural Change: International Evidence 2000-W32* Michael P. Clements and Hans-Martin Krolzig - Business Cycle Asymmetries: Characterisation and Testing based on Markov-Switching Autoregressions. 2000-W31* Hans-Martin Krolzig - Predicting Markov-Switching Vector Autoregressive Processes 2000-W30* Daniel J. Zizzo and Daniel Sgroi - Bounded-rational behavior by neural networks in normal form games 2000-W29 Ole E. Barndorff-Nielsen and Neil Shephard - Econometric analysis of realised volatility and its use in estimating Levy based non-Gaussian OU type stochastic volatility models 2000-W28* Clive G. Bowsher - On Testing Overidentifying Restrictions in Dynamic Panel Data Models 2000-W27* Volker Nocke - Monopolisation and Industry Structure 2000-W26* Paul Klemperer - What really matters in auction design. 2000-W25* Paul Klemperer - Why every economist should learn some auction theory. 2000-W24 Bent Nielsen2000-W23* Samuel G. Berlinski2000-W22 Søren Johansen, Rocco Mosconi and Bent Nielsen - Cointegration Analysis in the Presence of Structural Breaks in the Deterministic Trend is published in Econometrics Journal, vol. 3, p. 216-249 (2000) and can be found on the web on http://www.res.org.uk/journals/abstracts.asp?ref=1368-4221&vid=3&iid=2&aid=47 2000-W21 John Thanassoulis Multiproduct Haggling (updated version)2000-W20 Christopher Bliss - The Smash-and-Grab Game 2000-W19 David Myatt - Strategic Voting Incentives in a Three Party System - Available Soon2000-W18 Bronwyn H. Hall, Albert N. Link and John T. Scott Universities as Research Partners 2000-W17 Bronwyn H. Hall, Adam Jaffe and Manuel Trajtenberg Market Value and Patent Citations: A First Look 2000-W16 Bronwyn H. Hall and Rosemarie Ham Ziedonis The Patent Paradox Revisited: An Empirical Study of Patenting in the US Semiconductor Industry, 1979-95 2000-W15* Daniel Sgroi The Right Choice at the Right Time: A Herding Experiment in Endogenous Time 2000-W14* Daniel Sgroi Optimizing Information in the Herd . A version of this paper is now published in Games and Economic Behavior 39, 137-166, April 2002.2000-W13* Ran Spiegler Pro Arugments, Con Arguments and Status Quo Bias in Multi-Issue Decision Problems 2000-W12* John Quah Weak Axiomatic Demand Theory 2000-W11* Leonardo Felli and Kevin Roberts Does Competition Solve the Hold-up Problem? 2000-W10Margaret Stevens Wage-Tenure Contracts in a Frictional Labour Market: Firms' Strategies for Recruitment and Retention. 2000-W9* Margaret Stevens Reconciling Theoretical and Empirical Human Capital Earnings Functions 2000-W8Christian List A Note on Measuring Preference Structuration 2000-W7* David Myatt Strategic Voting Under the Qualified Majority Rule 2000-W6* John Quah An Elementary Equilibrium Existence Theorem 2000-W5* David P Myatt and Chris Wallace Dominated Strategies and Equilibrium Selection 2000-W4* Gavin Cameron R&D and Growth at the Industry Level 2000-W3 Ole E. Barndorff-Nielsen and Neil Shephard Modelling by Levy processess for financial econometrics , Prepared for a chapter of Barndorff-Nielsen, Ole E and Thomas Mikosch and Sid Resnick (2000), Birkhauser, Boston.2000-W2 Christopher Bliss The Application of Toy Economic Models to the Analysis of Globalization 2000-W1 Christopher Bliss A Modification of Ronald Jones's Specific Factors Model; with Historical and other Applications *This paper has been circulated on paper as well as electronically.1999-W23 Tina Hviid Rydberg and Neil Shephard Modelling trade-by-trade price movements of multiple assets using multivariate compound Poisson processes. *1999-W22 David Myatt Instant Exit from the War of Attrition *1999-W21 David Myatt A New Theory of Strategic Voting *1999-W20 Richard Breen and Cecilia García-Peñalosa Income Inequality and Macroeconomic Volatility: an Empirical Investigation 1999-W19 Bent Nielsen The Asymptotic Distribution of Unit Root Tests of Unstable Autoregressive Processes 1999-W18 Siddhartha Chib, Federico Nardari and Neil Shephard Analysis of high dimensional multivariate stochastic volatility models *1999-W17 Leonardo Felli and Kevin Roberts Competition and Hold-Ups *1999-W16 Paul A. David and Bronwyn Hall, Heart of Darkness: Public-Private Interactions Inside the R&D Black Box. *1999-W15 John K.-H. Quah. The Weak Axiom and Comparative Statics 1999-W14 Tina Hviid Rydberg and Neil Shephard, A modelling framework for the prices and times of trades made on the New York stock exchange in W.J. Fitzgerald, R.L. Smith, A.T. Walden and P. C. Young (eds.)(Cambridge: Newton Institue Series, Cambridge University Press, 2000), forthcoming.1999-W13 Michael K Pitt and Neil Shephard, Auxiliary variable based particle filters, in A. Doucet, J.F.G. de Freitas and N.J. Gordon (eds.)(Cambridge: Cambridge University Press, 2000), forthcoming.*1999-W12 Paul Klemperer, Auction Theory: A Guide to the Literature *1999-W11 Jeremy Bulow and Paul Klemperer, The Tobacco Deal *1999-W10 Alessandra Casarico, Pension Systems in Open Economy 1999-W9 Ole E Barndorff-Nielsen and Neil Shephard, Non-Gaussian OU based models and some of their uses in financial economics 1999-W8 Bent Nielsen and Neil Shephard, Likelihood Analysis of a First Order Autoregressive Model with Exponential Innovations. Revised July 1999 *1999-W7 Gavin Cameron and John Muellbauer, Earnings, Unemployment, and Housing: Evidence from a Panel of British Regions *1999-W6 Robin Nuttall, Takeover Likelihood Models for UK Quoted Companies *1999-W5 Robin Nuttall, An Empirical Analysis of the Effects of the Threat of Takeover on UK Company Performance *1999-W4 Margaret Stevens, Should Firms be Required to Pay for Vocational Training? *1999-W3 Bronwyn Hall, Innovation and Market Value *1999-W2 Jouni Kuha and Jonathan Temple, Covariate measurement error in quadratic regression *1999-W1 David P. Myatt and Chris Wallace, Sophisticated Play by Idiosyncratic Agents *This paper has been circulated on paper as well as electronically.Ben Cooper and Cecilia García-Peñalosa, Status Effects and Negative Utility Growth Siddhartha Chib, Federico Nardari and Neil Shephard, Markov chain Monte Carlo methods for generalised stochastic volatility models Stephen Morris and Hyun Song Shin, A Theory of the Onset of Currency Attacks . Tina Rydberg and Neil Shephard, The dynamics of trade-by-trade price movements: decomposition and models . Ola Elerian, A note on the existence of a closed form conditional transition density for the Milstein scheme . Bent Nielsen, Conditional test for rank in bivariate canonical correlation analysis . Published in Biometrika, vol. 88, p. 874-880.. Gavin Cameron, Catch-Up and Leapfrog between the USA and Japan . Jeremy Bulow and Paul Klemperer, The Tobacco Deal . Ole E. Barndorff-Nielsen and Neil Shephard, Incorporation of a leverage effect in a stochastic volatility model . Bent Nielsen and Anders Rahbek, Similarity Issues in Cointegration Models , is published in Oxford Bulletin of Economics and Statistics, vol. 62, p. 5-22. (2000).. Christopher Bliss, The Ergodic Distribution of Wealth with Random Shocks James Proudman and Stephen Redding, Evolving Patterns of International Trade . Ola Elerian, Siddhartha Chib and Neil Shephard, Likelihood inference for discretely observed diffusions. Revised August 1998. Revised again, May 1999, available here . Bronwyn H. Hall, Jacques Mairesse, Benoît Mulkay, Firm Level Investment in France and the United States: An exploration of what we have learned in twenty years . Bronwyn H. Hall, Jacques Mairesse, Lee Branstetter and Bruno Crepon, Does Cash Flow cause Investment and R&d: An Exploration Using Panel Data for French, Japanese, and United States Scientific Firms Ole E. Barndorff-Nielsen and Neil Shephard, Aggregation and model construction for volatility models Siem Jan Koopman, Neil Shephard and Jurgen Doornik, Statistical algorithms for models in state space using SsfPack 2.2, forthcoming2, (1999).Michael K Pitt and Neil Shephard (1999), Time Varying Covariances: A Factor Stochastic Volatility Approach (with discussion), In J.M. Bernardo, J.O. Berger, A.P. Dawid and A.F.M. Smith (eds.) Bayesian Statistics 6, Proceedings of the Sixth Valencia International Meeting 547-570 (Oxford: Oxford University Press).Jeremy Bulow, Ming Huang and Paul Klemperer, Toeholds and Takeovers Paul Klemperer, Auctions with Almost Common Values: The "Wallet Game" and its Applications Jeremy Bulow and Paul Klemperer, Prices and the Winner's Curse Jeremy Bulow and Paul Klemperer, The Generalized War of Attrition *This paper has been circulated on paper as well as electronically.Richard J. Gilbert and Paul Klemperer, An Equilibrium Theory of Rationing Stephen Redding, Dynamic Comparative Advantage and the Welfare Effects of Trade Aurora Manrique and Neil Shephard, ,Likelihood analysis of a discrete bid/ask price model for a common stock Lones Smith and Peter Sørensen, Informational Herding and Optimal Experimentation, Michael K Pitt and Neil Shephard, Filtering via simulation: auxiliary particle filter.(1999), 95, 590-9.Bent Nielsen. The Likelihood Ratio Test for Rank in Bivariate Canonical Correlation Analysis.(1999), 86, 279-288.Jurgen Doornik, A Convenient Approximation to the Asymptotic Distribution of Cointegration tests Bent Nielsen. On the Distribution of Tests of Cointegration. Econometric Reviews (2004), 23, 1-23.Robin Mason and Timothy Swanson Entry Deterrence and Environmental Regulation Jurgen A Doornik, Gerrit Draisma and Marius Ooms Introduction to Ox . This link is to a zipped file containing both a paper and software examples.Manuel Arellano, Stephen Bond and Jurgen A Doornik Dynamic panel data estimation using DPD for Ox . This link is to a zipped file containing both the paper and software.Neil Shephard, The relationship between the conditional sum of squares and the exact likelihood for autoregressive moving average models Pdf . Revised Sept. 1997.Bent Nielsen, Asymptotic results for cointegration tests in non-stable cases David P Myatt & Chris Wallace, Adaptive dynamics with payoff heterogeneity Robin Mason, Dynamic Pollution Games Neil R. Ericsson, David F. Hendry, & Kevin M. Prestiwch The UK Demand for Broad Money over the Long run Aurora Manrique & Neil Shephard, Likelihood inference for limited dependent processes, Econometrics Journal , (1998) 1, C174--C202. Copyright for this article is held by the Royal Economic Society, but is made available on this site for personal use free of charge by permission of the Society. Back to top Sangjoon Kim, Neil Shephard and Siddhartha Chib Stochastic volatility: likelihood inference and comparison with ARCH models., (1998) 65, 361--93Brian D. Bell, Skill-Biased Technical Change and Wages: Evidence from a Longitudinal Data Set Michael K Pitt and Neil Shephard, Antithetic MCMC for non-Gaussian measurements with applications to stochastic volatility, 81-6. This paper is made available on this site for personal use free of charge by permission of the American Statistical Association and Michael K Pitt and Neil Shephard (whom hold the copyright). (published 1997)Christopher Bliss, Long-Run Wealth Distribution with Random Shocks Jonathan Temple & Hans-Joachim Voth, "Human capital, equipment investment, and industrialization.", July 1998, 42(7), 1343-1362. .Jonathan Temple & Paul Johnson, Social capability and economic development, Zipped version. . A much revised version of this paper appeared in the Quarterly Journal of Economics. August 1998, 113(3), 965-990 under the title "Social Capability and Economic Growth".Michael K Pitt & Neil Shephard, Analytic convergence rates and parameterisation issues for the Gibbs sampler applied to state space models., (1999), 20, 63-85.Richard H Spady, Nonparametric inference by quasi-likelihood methods Figures 2 . All three files are held in the zipped file Jonathan Temple, "Testing the augmented Solow Model. ", July-August 1998, 13(4), 361-375.Edmund Cannon, Knowledge, Physical Capital and Creative Destruction Christopher Bliss, Corruption with Small Corrupt Agents Neil Shephard & Michael K Pitt, `Likelihood inference for non-Gaussian measurement time series,' (1997)84, 653-67.R Blundell & Steven Bond, Initial conditions and moment restrictions in dynamic panel data models A B Atkinson, Income Distribution in Europe and the United States Guido W Imbens, Richard H Spady & Phillip Johnson, `Information theoretic approaches to inference in moment condition models,' (1998)66, 333-57.. Bent Nielsen, `Bartlett correction of the unit root test in autoregressive models,' (1997)84, 500-504.Steve Corcoran, AC Davison & Richard H Spady, Reliable inference from empirical likelihoods . Neil Shephard, `Statistical aspects of ARCH and stochastic volatility', in1-67, edited by D.R.Cox, O.E.Barndorff-Nielson and D.V.Hinkley. (1996) London: Chapman and Hall.Neil Shephard, Generalized linear autoregressions David Hendry, `On the interactions of unit roots and exogeneity', (1995), 14.. Luigi Ermini & David Hendry, Log income versus linear income: an application of the encompassing principle Rebecca A Emerson and David Hendry, `An evaluation of forecasting using leading indicators', (1996), 15.Sangjoon Kim & Neil Shephard, Revised as W26.Piet De Jong and Neil Shephard, `Efficient sampling from the smoothing density in time series models.' (1995)82, 339--350.Andrew C Harvey and Neil Shephard, `The estimation of an asymmetric stochastic volatility model for asset returns.' (1996)14, 429-434.Jurgen A Doornik & Henrik Hansen, An omnibus test for univariate and multivariate normality .' Zipped

All of the below are available in booklets, but some of the later years (1994-1998) are also available for download under the relevant years above.

, (1996),



101. Helen Jenkins, August 1995, `Education and Production in the United Kingdom',

100. Christopher Bliss, August 1995, `Capital Mobility, Convergence Clubs and Long-Run Economic Growth',

99. Guido W Imbens, Phillip Johnson and Richard H Spady, July 1995, `Information Theoretic Approaches to Inference in Moment Condition Models',

98. Bent Nielson, June 1995 `Bartlett Correction of the Unit Root Test in Autogressive Models',

97. Cecilia García Peñalosa, May 1995 `Absolute Poverty or Relative Inequality: A Theory of Growth and Wage Differentials',

96. Margaret A Meyer and John Vickers, Nov 1994 `Performance Comparisons and Dynamic Incentives', Journal of Political Economy , (1997), 105

95. Steve Corcoran, A C Davison and Richard H Spady, Mar 1995 `Reliable Inference from Empirical Likelihoods',

94. Neil Shephard, April 1995 `Statistical Aspects of ARCH and Stochastic Volatility.' `Time Series Models In Econometrics, Finance and Other Fields,' edited by D.R.Cox, D.V.Hinkley and O.E.Barndorff-Nielson, 1-67, Chapman & Hall, 1996.

93. Christopher Bliss `Dirty Trade: Slack, Enviromental Regulation and Trade Policy',

92. Shinsuke Kambe, Oct 1994 `Bargaing with Imperfect Commitment',

91. Jurgen A Doornik and Henrik Hansen, Sept 1994 `An Omnibus Test for Univariate and Multivariate Normality',

90. Shinsuke Kambe, August 1994 `When is there a Unique Equilibrium in Less Structured Bargaining?'

89. J A Mirrlees, August 1994 `Welfare Economics and Economies of Scale'

88. Philippe Aghion and Jean Tirole, Feb 1994 `Formal and Real Authority in Organizations'

87. Philippe Aghion and Olivier Jean Blanchard, April 1994 `On the Speed of transition in Central Europe' appeared in NBER Macro Annals (1994).

86. Philippe Aghion and Thomas Piketty, Nov 1993 `Social Mobility and Corporate Development'

85. Margaret A Meyer, March 1994 `The Dynamics of Learning with Team Production: Implications for Task Assignment' , (1994), 109

84. Philippe Aghion, Olivier Blanchard and Robin Burgess, August 1993 `The Behaviour of State Firms in Eastern Europe Pre-Privatization' appeared in European Economic Review, (1994), ??, ???-??.

83. Philippe Aghion and Jean Tirole, Sept 1993 `Opening the Blackbox of Innovation' appeared in European Economic Review, (1994), ??, ???-??.

82. Philippe Aghion and Patrick Bolton, Sept 1993 `A Theory of Trickle-down Growth and Development with Debt-overhang'

81. Jeremy Bulow and Paul Klemperer, Nov 1993 `Auctions vs. Negotiations'

80. Philippe Aghion and Jean Tirole, April 1993 `On the Management of Innovation'

79. Phillipe Aghion and Gilles Saint-Paul, Sept 1993 `Uncovering Some Causal Relationships Between Productivity Growth and the Structure of Economic Fluctuations'

78. Stephen Bond and Michael Devereux, Nov 1993 `On the Design of a Neutral Business Tax Under Uncertainty'

77. Richard J Gilbert & Paul Klemperer, Feb 1993 `An Equilibrium Theory of Rationing'

76. Paul Klemperer & Jorge Padilla, May 1993 `Do Firms' Product Lines Include Too Many Varieties, and Do Shops Open Too Many Days'

75. Oliver Linton, July 1992 `Small Sample Properties of Adaptive GLS Estimators'

74. Hans W Gottinger, March 1992 `Decentralized Control of Greenhouse Gas Emmisions: Co-ordination and Co-operation'

73. Oliver Linton, July 1992 `Edgeworth Approximation for Generalised Minimum Contrast Estimators in Semiparametric Regression Models'

72. Benn Steil, May 1992 `Currency Options and the Optimal Hedging of Contingent Foreign Exchange Exposure'

71. A J Padilla, Jan 1992 `Dynamic Duopoly with Consumer Switching Costs'

70. Jeremy Bulow & Paul Klemperer, Oct 1991 `Rational Frenzies and Crashes'

69. Margaret A Meyer, Sept 1991 `Biased Contests and Moral Hazard: Implications for Career Profiles', Abstract​, appeared in Annales d'Économie et de Statistique

68. Margaret A Meyer, Paul Milgrom & John Roberts, Dec 1991 ` Organizational Prospects, Influence Costs, and Ownership Changes', Abstract,​ appeared in , (1992), 1

67. M FG Scott, Jan 1992 `The Cost of Equity Capital and the Risk Premium on Equities'

66. Kai-Uwe Kuhn & A Jorge Padilla, August 1991 `Product Line Decisions and the Coase Conjecture'

65. Kai-Uwe Kuhn, Feb 1991 `Vertical Restraints in a Manufacturer Duopoly: The Case of Nonlinear Pricing'

64. Kai-Uwe Kuhn, Sept 1990 `Labour Contracts, Imperfect Competition in the Product Market, the Involuntary Unemployment: On the Vertical Spillover of Market Imperfections'

63. Hans W Gottinger, Nov 1990 `Economic Models of Optimal Energy Use under Global Environmental Constraints'

62. Nils-Henrik von der Fehr, Oct 1990 `How Entry Threats Induce Slack'

61. Nils-Henrik von der Fehr, March 1991 `Predatory Bidding in Sequential Auctions: An Explanation for the "Price Decline Anomaly"'

60. Nils-Henrik von der Fehr, Feb 1991 `An Auction Approach to the Study of Spot Market Competition in a Deregulated Electricity Industry'

59. Maurice FG Scott, March 1991 `Obsolescence and the Analysis of Economic Growth'

58. Sudhir Anand & Christopher Harris, Dec 1990 `Issues in the Measurement of Undernutrition'

57. M FG Scott, August 1990 `Some Comments on the Revised System of National Accounts: Preliminary Draft Chapters'

56. H L Allen, B McCormick & R J O'Brien, August 1990 `Unemployment and the Demand for Retraining: An Econometric Analysis'

55. Paul Klemperer `Product Line Competition and Shopping Costs: Why Firms May Choose to Compete Head-to-Head'

54. Christopher Bliss, Sept 1990 `The Natural Rate of Unemployment in a Model with Trade Unions'

53. Christopher Harris, August 1990 `The Existence of Subgame-Pefect-Equilibria with and without Markov Strategies: a Case for Extensive-Form Correlation' Econometrica, 63, 507-544.

52. Nils-Henrik von der Fehr & Kai-Uwe Kuhn, March 1991 `Coase vs Pacman: Who Eats Whom in the Durable Goods Monopoly?'

51. Philipe Aghion, Patrick Bolton, Christopher Harris & Bruno Jullien, April 1990 `Optimal Learning by Experimentation'

50. Christopher Bliss, April 1990 `Nominal Wage Setting and the Theory of Games' appeared in Gale, D and O Hart (eds) (1991) `Prices, Equilibrium and Games: Essays in Honour of F H Hahn', Cambridge, Mass: MIT Press.

49. Margaret A Meyer, April 1990 `Interdependence in Multivariate Distributions: Stochastic Dominance Theorems and an Application to the Measurement of Ex Post Inequality under Uncertainty'

48. Nils Gottfries & Barry McCormick, March 1990 `Discrimination and Open Unemployment in a Segmented Labour Market'

47. Christopher Budd, Christopher Harris & John Vickers, Feb 1990 `A Model of the Evolution of Duopoly: Does the Asymmetry between Firms tend to Increase or Decrease?' appeared in Review of Economic Studies, (1993), 60, 543--573.

46. Margaret A Meyer, August 1989 `Learning from Coarse Information: Biased Contests and Career Profiles' , (1), pp.9-35.​67.`The Cost of Equity Capital and the Risk Premium on Equities'66.`Product Line Decisions and the Coase Conjecture'65.`Vertical Restraints in a Manufacturer Duopoly: The Case of Nonlinear Pricing'64.`Labour Contracts, Imperfect Competition in the Product Market, the Involuntary Unemployment: On the Vertical Spillover of Market Imperfections'63.`Economic Models of Optimal Energy Use under Global Environmental Constraints'62.`How Entry Threats Induce Slack'61.`Predatory Bidding in Sequential Auctions: An Explanation for the "Price Decline Anomaly"'60.`An Auction Approach to the Study of Spot Market Competition in a Deregulated Electricity Industry'59.`Obsolescence and the Analysis of Economic Growth'58.`Issues in the Measurement of Undernutrition'57.`Some Comments on the Revised System of National Accounts: Preliminary Draft Chapters'56.`Unemployment and the Demand for Retraining: An Econometric Analysis'55.`Product Line Competition and Shopping Costs: Why Firms May Choose to Compete Head-to-Head'54.`The Natural Rate of Unemployment in a Model with Trade Unions'53.`The Existence of Subgame-Pefect-Equilibria with and without Markov Strategies: a Case for Extensive-Form Correlation', 63, 507-544.52.`Coase vs Pacman: Who Eats Whom in the Durable Goods Monopoly?'51.`Optimal Learning by Experimentation'50.`Nominal Wage Setting and the Theory of Games' appeared in Gale, D and O Hart (eds) (1991) `Prices, Equilibrium and Games: Essays in Honour of F H Hahn', Cambridge, Mass: MIT Press.49.`Interdependence in Multivariate Distributions: Stochastic Dominance Theorems and an Application to the Measurement of Ex Post Inequality under Uncertainty' Abstract​​ 48.`Discrimination and Open Unemployment in a Segmented Labour Market'47.`A Model of the Evolution of Duopoly: Does the Asymmetry between Firms tend to Increase or Decrease?' appeared in, (1993),, 543--573.46.`Learning from Coarse Information: Biased Contests and Career Profiles' Abstract​ , appeared in Review of Economic Studies, (1991), , (1992), 25/26, pp.165-187.​68.Journal of Economics & Management Strategy, (1991), 58, pp. 15-41.

45. Alan Beggs & Paul Klemperer, August 1989 `Multi-Period Competition with Switching Costs' appeared in Econometrica, (1992), 60, 651--666.

44. Christopher Harris & John Vickers, August 1989 `Innovation and Natural Resources: A Dynamic Game with Uncertainty'

43. P A Diamond & J A Mirrlees, March 1989 `Optimal Taxation of Identical Consumers when Markets are Incomplete' appeared in Partha Dasgupta et al (eds) (1992) `Economic Analaysis of Markets and Games. Essays in Honour of Frank Hahn, Cambridge Mass: MIT Press.

42. Hyun Song Shin, Feb 1989 `Counter Factuals and a Theory of Equilibrium in Games'

41. David F Hendry & Neil R Ericsson, Jan 1989 `An Econometric Analysis of UK Money Demand in Monetary Trends in the US and the UK by M Friedman & A J Schwartz' appeared in American Economic Review, (1991), 81, 8--38.

40. Paul D Klemperer, Dec 1988 `Price Wars Caused by Switching Costs'

39. Paul D Klemperer, Feb 1989 `How Broad Should the Scope of Patent Protection Be?'

38. Alan Beggs, Sept 1988 `Two-sided Information Transmission: How Many Dates Should I Invite to The Party?'

37. Paul D Klemperer & Margaret A Meyer, Oct 1988 `Supply Function Equilibria in Oligopoly under Uncertainty' , (4), pp.1157-1184.​84.`The Behaviour of State Firms in Eastern Europe Pre-Privatization' appeared in, (1994),, ???-??.83.`Opening the Blackbox of Innovation' appeared in, (1994),, ???-??.82.`A Theory of Trickle-down Growth and Development with Debt-overhang' Abstract 81.`Auctions vs. Negotiations' Abstract 80.`On the Management of Innovation'79.`Uncovering Some Causal Relationships Between Productivity Growth and the Structure of Economic Fluctuations'78.`On the Design of a Neutral Business Tax Under Uncertainty'77.`An Equilibrium Theory of Rationing'76.`Do Firms' Product Lines Include Too Many Varieties, and Do Shops Open Too Many Days'75.`Small Sample Properties of Adaptive GLS Estimators'74.`Decentralized Control of Greenhouse Gas Emmisions: Co-ordination and Co-operation'73.`Edgeworth Approximation for Generalised Minimum Contrast Estimators in Semiparametric Regression Models'72.`Currency Options and the Optimal Hedging of Contingent Foreign Exchange Exposure'71.`Dynamic Duopoly with Consumer Switching Costs'70.`Rational Frenzies and Crashes'69.`Biased Contests and Moral Hazard: Implications forAnnales d'Économie et de Statistique, pp. 15-41.45.`Multi-Period Competition with Switching Costs' appeared in, (1992),, 651--666.44.`Innovation and Natural Resources: A Dynamic Game with Uncertainty'43.`Optimal Taxation of Identical Consumers when Markets are Incomplete' appeared in Partha Dasgupta et al (eds) (1992) `Economic Analaysis of Markets and Games. Essays in Honour of Frank Hahn, Cambridge Mass: MIT Press.42.`Counter Factuals and a Theory of Equilibrium in Games'41.`An Econometric Analysis of UK Money Demand in Monetary Trends in the US and the UK by M Friedman & A J Schwartz' appeared in, (1991),, 8--38.40.`Price Wars Caused by Switching Costs'39.`How Broad Should the Scope of Patent Protection Be?'38.`Two-sided Information Transmission: How Many Dates Should I Invite to The Party?'37.`Supply Function Equilibria in Oligopoly under Uncertainty' Abstract​ , appeared in Econometrica (3), pp.547-581.​95.`Reliable Inference from Empirical Likelihoods', Abstract 94.`Statistical Aspects of ARCH and Stochastic Volatility.' `Time Series Models In Econometrics, Finance and Other Fields,' edited by D.R.Cox, D.V.Hinkley and O.E.Barndorff-Nielson, 1-67, Chapman & Hall, 1996.93.`Dirty Trade: Slack, Enviromental Regulation and Trade Policy', Abstract 92.`Bargaing with Imperfect Commitment', Abstract 91.`An Omnibus Test for Univariate and Multivariate Normality', Abstract 90.`When is there a Unique Equilibrium in Less Structured Bargaining?' Abstract 89.`Welfare Economics and Economies of Scale' Abstract 88.`Formal and Real Authority in Organizations' Abstract 87.`On the Speed of transition in Central Europe' appeared in(1994). Abstract 86.`Social Mobility and Corporate Development' Abstract 85.`The Dynamics of Learning with Team Production: Implications for Task Assignment' Abstract , appeared in The Quarterly Journal of Economics 57, (6), pp.1243-1277.

36. Kevin Denny, Oct 1988 `Modelling Trade Union Membership: Open Shops and Private Goods'

35. Paul D Klemperer & Margaret A Meyer, Oct 1987 `Consistent Conjectures Equilibria: A Reformulation Showing Non-Uniqueness' , pp.401-417.​101., `Education and Production in the United Kingdom', Abstract 100., `Capital Mobility, Convergence Clubs and Long-Run Economic Growth', Abstract 99., `Information Theoretic Approaches to Inference in Moment Condition Models', Abstract 98.`Bartlett Correction of the Unit Root Test in Autogressive Models', Summary 97.`Absolute Poverty or Relative Inequality: A Theory of Growth and Wage Differentials', Abstract 96.`Performance Comparisons and Dynamic Incentives', Abstract , appeared inJournal of Political Economy, (1989),, (6), pp.1243-1277.36.`Modelling Trade Union Membership: Open Shops and Private Goods'35.`Consistent Conjectures Equilibria: A Reformulation Showing Non-Uniqueness' Abstract​ , appeared in

Economics Letters

149., 'A Theory of the Onset of Currency Attacks' Abstract 148., 'Catch-Up and Leapfrog between the USA and Japan' Abstract 147., 'The Tobacco Deal.' Abstract 146., 'Likelihood Inference for Discretely Observed Non-linear Diffusions.' Abstract 145., 'Ergodic Distribution of Wealth with Random Shocks.' Abstract 144., 'Evolving Patterns of International Trade.' Abstract 143., 'Firm level investment in France and the United States: An exploration of what we have learned in twenty years.' Abstract 142., 'Does Cash Flow Cause Investment and R&D: An Exploration Using Panel Data for French, Japanese, and United States Scientific Firms.' Abstract 141., 'Aggregation and Model Construction for Volatility Models.' Abstract 140., 'Dynamic Comparative Advantage and the Welfare Effects of Trade.' Abstract 139., 'Informational Herding and Optimal Experimentation.' Abstract 138., 'Filterning Via Simulation: Auxiliary Particle Filters.' Abstract 137., 'Equilibrium Departures from Common Knowledge in Games with Non-Additive Expected Utility.' Abstract 136., 'Significance Test in Bivariate Canonical Correlation Analysis.' Abstract 135., 'A Rational Learning Model of Gender Segregation in Labour Markets.' Abstract 134., 'Almost Common Value Auctions: The "Wallet Game" and its Applications to Takeover Battles and Airwaves Auctions.' Abstract 133., `On the Distribution of Tests for Cointegration Rank, Abstract 132., `Entry Deterrence and Environmental Regulation', Abstract 131., `Asymptotic Results for Cointegration Tests in Non-Stable Cases' Abstract 130.'Adaptive Dynamics with Payoff Heterogeneity', Abstract 129., `Dynamic Pollution Games'. Abstract 128., `An Options-Based Model of Equilibrium Credit Rationing', Abstract 127., `The Monotonicity of Individual and Market Demand', Abstract 126., `Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks', Abstract 125., `Booms and Busts in the UK Housing Market', Abstract 124., `Adversarial and Inquisitorial Procedures in Arbitration', Abstract 123., `Income Persistence and Macro-Policy Feedbacks in the US', Abstract 122., `The Generalized War of Attrition', Abstract 121.`Toeholds and Takeovers', Abstract 120.`Skewness of Earnings and the Believability Hypothesis: How Does the Financial Market Discount Accounting Earnings Disclosures?' Abstract 119., `Skill-Biased Technical Change and Wages: Evidence from a Longitudinal Data Set', Abstract 118., `Long-Run Wealth Distribution with Random Shocks', Abstract 117., `Bringing Income Distributions in from the Cold'.116., `Human Capital, Equipment Investment, and Industralization', Abstract 115., ` Pathological Outcomes of Observational Learning', Abstract 114., `Social Capability and Economic Development', Abstract 113., `Analytic Convergence Rates and Parameterisation Issues for the Gibbs Sampler Applied to State Space Models', Abstract , forthcoming.112., `Inequality, Market Structure, and Growth: A Neo-Schumpeterian Perspective', Abstract 111.`Non-Parametric Inference via Quasi-Likelihood Methods', Abstract 110.`Knowledge, Physical Capital and Creative Destruction', Abstract 109., `Is There a Penalty to being a Pioneer? Abstract 108.`Likelihood Analysis of Non-Gaussian Parameter-Driven Models', Abstract , a revised version of this paper, under the title "Likelihood analysis of non-Gaussian measurement time series",, 84, 653-67107.`Trade Union Decline and the Distribution of Wages in the UK: Evidence from Kernel Density Estimation', Abstract 106., `Testing the augmented Solow Model', Abstract 105.`Corruption with Small Corrupt Agents' Abstract 104.`Initial Conditions and Moment Restrictions in Dynamic Panel Data Models', Summary 103., `Income Distribution in Europe and the United States'102., `Limited Intertemporal Commitment and Job Design', Abstract , appeared in Journal of Economic Behavior & Organization, (1988),, pp.111-115.34.`Orthogonality Tests with De-Trended Data: Interpreting Monte Carlo Results using Nagar Expansions' appeared in(1990),, 19--24.33.`Moral Hazard and Limited Liability in the Market for Loans: Credit Restrictions versus Credit Rationing'32.`Welfare Improving User Charges for Publicly Provided Private Goods'31.`Search by a Monopolist Facing Unknown Demand'30.`Dynamic Competition for Market Share: An Undiscounted Model'29.`Rational Play in a Quick Response Duopoly'28.`Profitability & Investment: A Synthesis of Substitution and Capacity Considerations'27.`U.S. Money Demand, 1960-1984' appeared in, (1992),, 25--61.26.`Imhof Approximations to Econometric Estimators'25.`Logical Structure of Common Knowledge II: Is Common Knowledge Possible between Algorithmic Individuals?'24.`Logical Structure of Common Knowledge I: A Framework for the Analysis of Differential Information'23.`Estimating Intertemporal Labour Supply Elasticities using Structural Models'22.`The Community Charge, Rates and Tax Reform'21.`Econometric Analysis of Small Linear Systems Using PC - FIML' appeared in, 203--226.20.`Medical Insurance, Moral Hazard and the Price of Health'19.`The Kinked Demand Curve: A Game Theoretic Approach'18.`An Efficient GLS Estimator of Triangular Models with Covariance Restrictions'17.`On the Efficient Estimation of Simultaneous Equations with Covariance Restrictions'16.`The Logic of Rational Play in Extensive Games'15.`Econometrics in Action'14.`Bargaining Between a Monopoly and an Oligopoly'13.`Tests of the Life Cycle-Permanent Income Hypothesis in the Presence of Random Walks: An Interpretation using Nagar Expansions' appeared in, (1990), 610--633.12.`When is Reimbursement Health Insurance Optimal?'11.`More Measures for Fixed Factors' appeared in Miles, G (ed) (1990) `Measurement and Modelling in Economics', Amsterdam: North-Holland.10. f`Who Cooperates With Whom?'9.`Vertical Restraints on a Model of Vertical Differfentiation'8.`Moral Hazard, Limited Liability and the Corporation Tax'7.`On Strategic Taxation'6.`Separability and Characteristics'5.`Strategic Quantity Signalling in a Duopoly Game'4.`Racing with Uncertainty' appeared in, (1987), 1--21.3.`The Economic Theory of Retailing'2.`Assembling Efficient Organizations?'1.`Econometric Methodology: A Personal Perspective' appeared as Chapter 10 in Bewley, T.F. (ed) (1987) `Advances in Econometrics,' Cambridge: Cambridge University Press.

: 2015-W10a Revised version 2016: 2015-W10b Code for replication: 2015-W10c