Nuffield College, Economics Department, Working Papers

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  • 2006-W05 Retracted.
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  • 2005-W17 Neil Shephard Stochastic volatility. To appear in New Palgrave Dictionary of Economics, 2nd edition, (edited by Steven Durlauf and Lawrence Blume), 2006.
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*This paper has been circulated on paper as well as electronically.

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

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  • 2001-W8 Ole E. Barndorff-Nielsen and Neil Shephard - Higher order variation and stochastic volatility models, replaced by 2001-W18 which appeared in Bernoulli, 2003, 9, 243--265.
  • *2001-W7 Luca Nunziata and Stefano Staffolani - On Short-Term Contracts Regulations. Now published as '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-W5 Giulio Federico and David Rahman - Bidding in an electricity pay-as-bid auction. Journal of Regulatory Economics, 2003, 24 (2) 175-211.
  • 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, Scandinavian Journal of Statistics, 2003, 30, 277--295.

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

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  • 2000-W19 David Myatt - Strategic Voting Incentives in a Three Party System - Available Soon

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

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  • 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.) Sequential Monte Carlo Methods in Practice (Cambridge: Cambridge University Press, 2000), forthcoming.

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

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  • 1998-W13. 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).
  • 1998-W5 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).

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

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  • 1997-W13 Michael K Pitt and Neil Shephard, Filtering via simulation: auxiliary particle filter. J. American Statistical Association (1999), 95, 590-9.
  • 1997-W12 Bent Nielsen. The Likelihood Ratio Test for Rank in Bivariate Canonical Correlation Analysis. Biometrika (1999), 86, 279-288.
  • 1997-W10 Bent Nielsen. On the Distribution of Tests of Cointegration. Econometric Reviews (2004), 23, 1-23.
  • 1997-W8. 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.
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  • W26, revised version of W3 Sangjoon Kim, Neil Shephard and Siddhartha Chib Stochastic volatility: likelihood inference and comparison with ARCH models. Review of Economic Studies, (1998) 65, 361--93
  • W22&116. Jonathan Temple & Hans-Joachim Voth, "Human capital, equipment investment, and industrialization." European Economic Review, July 1998, 42(7), 1343-1362.
  • W21&114. Jonathan Temple & Paul Johnson, Social capability and economic development,, Abstract. 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".

  • W20&113. Michael K Pitt & Neil Shephard, Analytic convergence rates and parameterisation issues for the Gibbs sampler applied to state space models. Journal of Time Series Analysis, (1999), 20, 63-85.
  • W18&106. Jonathan Temple, "Testing the augmented Solow Model. "Journal of Applied Econometrics, July-August 1998, 13(4), 361-375.
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  • W15&108, revised as W27. Neil Shephard & Michael K Pitt, `Likelihood inference for non-Gaussian measurement time series,' (1997) Biometrika, 84, 653-67.
  • W12. Guido W Imbens, Richard H Spady & Phillip Johnson, `Information theoretic approaches to inference in moment condition models,' (1998) Econometrica, 66, 333-57.
  • W11&98. Bent Nielsen, `Bartlett correction of the unit root test in autoregressive models,' (1997) Biometrika, 84, 500-504.
  • W9&94. Neil Shephard, `Statistical aspects of ARCH and stochastic volatility', in Time Series Models in Econometrics, Finance and Other Fields, 1-67, edited by D.R.Cox, O.E.Barndorff-Nielson and D.V.Hinkley. (1996) London: Chapman and Hall.
  • W7. David Hendry, `On the interactions of unit roots and exogeneity', (1995) Econometric Reviews, 14.
  • W5. Rebecca A Emerson and David Hendry, `An evaluation of forecasting using leading indicators', (1996) Journal of Forecasting, 15.
  • W3. Sangjoon Kim & Neil Shephard, Revised as W26.
  • W2. Piet De Jong and Neil Shephard, `Efficient sampling from the smoothing density in time series models.' (1995) Biometrika, 82, 339--350.
  • W1. Andrew C Harvey and Neil Shephard, `The estimation of an asymmetric stochastic volatility model for asset returns.' (1996) Journal of Business and Economic Statistics, 14, 429-434.
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Available in booklets only (1998-1986)

149. Stephen Morris and Hyun Song Shin, September 1998, 'A Theory of the Onset of Currency Attacks' Abstract

148. Gavin Cameron, September 1998, 'Catch-Up and Leapfrog between the USA and Japan' Abstract

147. Jeremy Bulow and Paul Klemperer, August 1998, 'The Tobacco Deal.' Abstract

146. Ola Elerian, Siddhartha Chib and Neil Shephard, August 1998, 'Likelihood Inference for Discretely Observed Non-linear Diffusions.' Abstract

145. Christopher Bliss, July 1998, 'Ergodic Distribution of Wealth with Random Shocks.' Abstract

144. James Proudman and Stephen Redding, 'Evolving Patterns of International Trade.' Abstract

143. 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.' Abstract

142. 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.' Abstract

141. Ole E. Barndorff-Nielsen and Neil Shephard, 'Aggregation and Model Construction for Volatility Models.' Abstract

140. Stephen Redding, 'Dynamic Comparative Advantage and the Welfare Effects of Trade.' Abstract

139. Lones Smith and Peter Sørensen, 'Informational Herding and Optimal Experimentation.' Abstract

138 Michael K. Pitt and Neil Shephard, 'Filterning Via Simulation: Auxiliary Particle Filters.' Abstract

137. Sujoy Mukerji and Hyun Song Shin, 'Equilibrium Departures from Common Knowledge in Games with Non-Additive Expected Utility.' Abstract

136. Bent Nielsen, 'Significance Test in Bivariate Canonical Correlation Analysis.' Abstract

135. Richard Breen and Cecilia García-Peñalosa, 'A Rational Learning Model of Gender Segregation in Labour Markets.' Abstract

134. Paul Klemperer, July 1997, 'Almost Common Value Auctions: The "Wallet Game" and its Applications to Takeover Battles and Airwaves Auctions.' Abstract

133. Bent Nielsen, May 1997, `On the Distribution of Tests for Cointegration Rank, Abstract

132. Robin Mason and Timothy Swanson, May 1997, `Entry Deterrence and Environmental Regulation', Abstract

131. Bent Nielsen, May 1997, `Asymptotic Results for Cointegration Tests in Non-Stable Cases' Abstract

130. David P. Myatt and Chris Wallace, May 1997, 'Adaptive Dynamics with Payoff Heterogeneity', Abstract

129. Robin Mason, April 1997, `Dynamic Pollution Games'. Abstract

128. Robin Mason, April 1996, `An Options-Based Model of Equilibrium Credit Rationing', Abstract

127. John K-H Quah, January 1997, `The Monotonicity of Individual and Market Demand', Abstract

126. Stephen Morris and Hyun Song Shin, January 1997, `Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks', Abstract

125. John Muellbauer and Anthony Murphy, December 1996, `Booms and Busts in the UK Housing Market', Abstract

124. Hyun Song Shin, December 1996, `Adversarial and Inquisitorial Procedures in Arbitration', Abstract

123. John Muellbauer, November 1996, `Income Persistence and Macro-Policy Feedbacks in the US', Abstract

122. Jeremy Bulow and Paul Klemperer, November 1996, `The Generalized War of Attrition', Abstract

121. Jeremy Bulow, Ming Huang and Paul Klemperer, August 1996, `Toeholds and Takeovers', Abstract

120. Murugappa Krishnan, Srinivasan Sankaraguruswamy and Hyun Song Shin, October 1996, `Skewness of Earnings and the Believability Hypothesis: How Does the Financial Market Discount Accounting Earnings Disclosures?' Abstract

119. Brian D. Bell, October 1996, `Skill-Biased Technical Change and Wages: Evidence from a Longitudinal Data Set', Abstract

118. Christopher Bliss, August 1996, `Long-Run Wealth Distribution with Random Shocks', Abstract

117. A. B. Atkinson, August 1996, `Bringing Income Distributions in from the Cold',

116. Jonathan Temple and Hans-Joachim Voth, July 1996, `Human Capital, Equipment Investment, and Industralization', Abstract

115. Lones Smith and Peter Sørensen, July 1996, ` Pathological Outcomes of Observational Learning', Abstract

114. Jonathan Temple and Paul Johnson, July 1996, `Social Capability and Economic Development', Abstract

113. Michael K. Pitt and Neil Shephard, June 1996, `Analytic Convergence Rates and Parameterisation Issues for the Gibbs Sampler Applied to State Space Models', Abstract, Journal of Time Series Analysis, forthcoming.

112. Chol-Won Li, April 1996, `Inequality, Market Structure, and Growth: A Neo-Schumpeterian Perspective', Abstract

111. Richard Spady, March 1996, `Non-Parametric Inference via Quasi-Likelihood Methods', Abstract

110. Edmund Cannon, February 1996, `Knowledge, Physical Capital and Creative Destruction', Abstract

109. Stephen Redding, February 1996, `Is There a Penalty to being a Pioneer? Abstract

108. Neil Shephard and Michael Pitt, December 1995, `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", Biometrika, 84, 653-67

107. Brian Bell and Michael Pitt, November 1995, `Trade Union Decline and the Distribution of Wages in the UK: Evidence from Kernel Density Estimation', Abstract

106. Jonathan Temple, November 1995, `Testing the augmented Solow Model', Abstract

105. Christopher Bliss and Rafael Di Tella, October 1995, `Corruption with Small Corrupt Agents' Abstract

104. Richard Blundell and Stephen Bond, October 1995, `Initial Conditions and Moment Restrictions in Dynamic Panel Data Models', Summary

103. A. B. Atkinson, September 1995, `Income Distribution in Europe and the United States'

102. Margaret A. Meyer, Trond E. Olsen and Gaute Torsvik, September 1995, `Limited Intertemporal Commitment and Job Design', Abstract

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

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

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

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

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

96. Margaret A Meyer and John Vickers, Nov 1994 `Performance Comparisons and Dynamic Incentives', Abstract

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

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', Abstract

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

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

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

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

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

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

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

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

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' Abstract

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

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'

68. Margaret A Meyer, Paul Milgrom & John Roberts, Dec 1991 `Organization Prospects, Influence Costs, and Ownership Changes'

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' appeared in Review of Economic Studies, (1991), 58, ???-??.

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'

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'

34. Anindya Banerjee, Juan Dolado & John W Galbraith, June 1988 `Orthogonality Tests with De-Trended Data: Interpreting Monte Carlo Results using Nagar Expansions' appeared in Economic Letters (1990), 32, 19--24.

33. Anindya Banerjee & Timothy Besley, Feb 1988 `Moral Hazard and Limited Liability in the Market for Loans: Credit Restrictions versus Credit Rationing'

32. Timothy Besley, June 1988 `Welfare Improving User Charges for Publicly Provided Private Goods'

31. Christopher Harris, June 1988 `Search by a Monopolist Facing Unknown Demand'

30. Christopher Harris, May 1988 `Dynamic Competition for Market Share: An Undiscounted Model'

29. Venkataraman Bhaskar, July 1988 `Rational Play in a Quick Response Duopoly'

28. Venkataraman Bhaskar, Jan 1988 `Profitability & Investment: A Synthesis of Substitution and Capacity Considerations'

27. Yoshihisa Baba, David F Hendry & Ross M Starr, Dec 1987 `U.S. Money Demand, 1960-1984' appeared in Review of Economic Studies, (1992), 59, 25--61.

26. Manuel Arellano & J D Sargan, Jan 1988 `Imhof Approximations to Econometric Estimators'

25. Hyun Song Shin, Nov 1987 `Logical Structure of Common Knowledge II: Is Common Knowledge Possible between Algorithmic Individuals?'

24. Hyun Song Shin, Dec 1987 `Logical Structure of Common Knowledge I: A Framework for the Analysis of Differential Information'

23. Olympia Bover, Nov 1987 `Estimating Intertemporal Labour Supply Elasticities using Structural Models'

22. John Muellbauer, Sept 1987 `The Community Charge, Rates and Tax Reform'

21. David F Hendry, Adrian J Neale & Frank Srba, Sept 1987 `Econometric Analysis of Small Linear Systems Using PC - FIML' appeared in Journal of Econometrics, 38, 203--226.

20. Timothy Besley, April 1987 `Medical Insurance, Moral Hazard and the Price of Health'

19. Venkataraman Bhaskar `The Kinked Demand Curve: A Game Theoretic Approach'

18. Manuel Arellano, July 1987 `An Efficient GLS Estimator of Triangular Models with Covariance Restrictions'

17. Manuel Arellano, July 1987 `On the Efficient Estimation of Simultaneous Equations with Covariance Restrictions'

16. Giacomo Bonanno, June 1987 `The Logic of Rational Play in Extensive Games'

15. David F Hendry, May 1987 `Econometrics in Action'

14. Ivan Viehoff, Feb 1987 `Bargaining Between a Monopoly and an Oligopoly'

13. Anindya Banerjee & Juan Dolado, `Tests of the Life Cycle-Permanent Income Hypothesis in the Presence of Random Walks: An Interpretation using Nagar Expansions' appeared in Oxford Economic Papers, (1990) 40, 610--633.

12. Timothy Besley, Jan 1987 `When is Reimbursement Health Insurance Optimal?'

11. W M Gorman, Dec 1986 `More Measures for Fixed Factors' appeared in Miles, G (ed) (1990) `Measurement and Modelling in Economics', Amsterdam: North-Holland.

10. Ulrich Zachau, Jan 1987 `Who Cooperates With Whom?'

9. Patrick Bolton & Giacomo Bonanno, Jan 1987 `Vertical Restraints on a Model of Vertical Differentiation'

8. Anindya Banerjee & Timothy Besley, Sept 1986 `Moral Hazard, Limited Liability and the Corporation Tax'

7. Christopher Harris, Sept 1986 `On Strategic Taxation'

6. W M Gorman & G D Myles, March 1986 `Separability and Characteristics'

5. Ulrich Zachau, Nov 1986 `Strategic Quantity Signalling in a Duopoly Game'

4. Christopher Harris & John Vickers, April 1986 `Racing with Uncertainty' appeared in Review of Economic Studies, (1987) 52, 1--21.

3. Christopher Bliss, April 1986 `The Economic Theory of Retailing'

2. W M Gorman, March 1986 `Assembling Efficient Organizations?'

1. David F Hendry, Jan 1986 `Econometric Methodology: A Personal Perspective' appeared as Chapter 10 in Bewley, T.F. (ed) (1987) `Advances in Econometrics,' Cambridge: Cambridge University Press. 


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