Discussion Papers

95-01
January 1995
Richard T. Carson, Nicholas E. Flores & Robert Cameron Mitchell
The Theory and Measurement of Passive Use Value

95-02
January 1995
Richard T. Carson, Robert Cameron Mitchell, Michael Hanemann, Raymond J. Kopp, Stanley Presser & Paul Ruud
Contingent Valuation and Lost Passive Use: Damages from the Exxon Valdez

95-03
January 1995
Julian R. Betts
Which Types of Public School Spending are Most Effective? New Evidence on The School Quality Debate
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95-04
February 1995
Richard T. Carson
Valuation of Tropical Rainforests: Philosophical and Practical Issues in the Use of Contingent Valuation

95-05
February 1995
Richard T. Carson
Contingent Valuation Surveys and Tests of Insensitivity to Scope

95-06
February 1995
David Miles & Allan Timmermann
Variation in Expected Stock Returns: Evidence on the Pricing of Equities from a Cross-Section of UK Companies

95-07
February 1995
Julian R. Betts
What do Students know about Wages? Evidence from a Survey of Undergraduates
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95-08
February 1995
Cameron Odgers & Julian R. Betts
Do Unions Reduce Investment?
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95-09
March 1995
James D. Hamilton
The Daily Market for Federal Funds

95-10
March 1995
George W. Evans & Garey Ramey
Calculation, Adaptation, and Rational Expectations

95-11
March 1995
Clive W.J. Granger & Norman Swanson
Further Developments in the Study of Cointegrated Variables

95-12
March 1995
F.M. Aparicio Acosta & Clive W.J. Granger
A Linearity Test for Near-Unit Root Time Series

95-13
March 1995
F.M. Aparicio Acosta & Clive W.J. Granger
Information-Theoretic Schemes for Linearity Testing Under Long-Range Dependence and Cointegration

95-14
March 1995
F.M. Aparicio Acosta & Clive W.J. Granger
A Tutorial on Linearity Testing under Long Range Dependence and Cointegration

95-15
March 1995
F.M. Aparicio Acosta & Clive W.J. Granger
Nonlinear Cointegration and Some New Tests for Comovements

95-16
March 1995
Steve Satchell & Allan Timmermann
An Assessment of the Economic Value of Nonlinear Foreign Exchange Rate Forecasts

95-17
April 1995
Wouter J. Den Haan & Scott Spear
Volatility Clustering in Real Interest Rates: Theory and Evidence

95-18
April 1995
Graham Elliott
On the Robustness of Cointegration Methods when Regressors Almost have Unit Roots

95-19
April 1995
M. Hashem Pesaran, Allan Timmermann
Predictability of Stock Returns: Robustness and Economic Significance

95-20
April 1995
Nicholas E. Flores
The Effects of Rationing and Virtual Price Elasticity

95-21
April 1995
Richard T. Carson, Nicholas E. Flores, W. Michael Hanemann
The Creation and Destruction of Public Goods: The Matter of Sequencing

95-22
April 1995
James D. Hamilton, Gabriel Perez-Quiros
What do the Leading Indicators Lead?

95-23
April 1995
Allan Timmermann
Volatility Clustering and Mean Reversion of Stock Returns in an Asset Pricing Model with Incomplete Learning

95-24
April 1995
Wouter J. Den Haan
The Comovements Between Real Activity and Prices at Different Business Cycle Frequencies

95-25
April 1995
Robert F. Engle, Joshua V. Rosenberg
GARCH Gamma

95-26
May 1995
Pierpaolo Battigalli, Joel Watson
On Reputation Refinements with Heterogeneous Beliefs

95-27
June 1995
Clive W.J. Granger
Can We Improve the Perceived Quality of Economic Forecasts?

95-28
June 1995
Jack Robles
Evolution with Changing Mutation Rates

95-29
July 1995
Christopher L. Cavanagh, Graham Elliott, James Stock
Inference in Models with Nearly Integrated Regressors

95-30
July 1995
Joel Watson
Building a Relationship

95-31
July 1995
Nicholas E. Flores, Richard T. Carson
The Relationship Between the Income Elasticities of Demand and Willingness to Pay

95-32
July 1995
Aaron S. Edlin, Mario Epelbaum, Walter P. Heller
Is Perfect Price Discrimination Really Efficient? Welfare and Existence in General Equilibrium

95-33
July 1995
Robert F. Engle, Jeffrey R. Russell
Forecasting the Frequency of Changes in Quoted Foreign Exchange Prices with the Autoregressive Conditional Duration Model

95-34
August 1995
James D. Hamilton
Specification Testing in Markov-Switching Time Series Models

95-35
August 1995
Lykke E. Andersen, Clive W.J. Granger
A Random Coefficient VAR Transition Model of the Changes in Land Use in the Brazilian Amazon

95-36
September 1995
James D. Hamilton
This is what happened to the Oil Price-Macroeconomy Relationship

95-37
September 1995
Vincent P. Crawford
Theory and Experiment in the Analysis of Strategic Interaction

95-38
September 1995
Wouter J. Den Haan
Aggregate Shocks and Cross-Sectional Dispersion

95-39
October 1995
Fabrizio Germano
Bertrand-Edgeworth Equilibria in Finite Exchange Economies
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95-40
October 1995
Lykke E. Andersen
An Econometric Analysis of Deforestation in the Brazilian Amazon

95-41R
January 1997
Vincent Crawford, Bruno Broseta
What Price Coordination? The Efficiency-Enhancing Effect of Auctioning the Right to Play
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95-42
December 1995
Graham Elliott
Tests for the Correct Specification of Cointegrating Vectors and the Error Correction Model

95-43
December 1995
Clive W.J. Granger, Niels Haldrup
Separation in Cointegrated Systems, Long Memory Components and Common Stochastic Trends

95-44
December 1995
Peter Boswijk, Philip Hans Franses, Niels Haldrup
Multiple Unit Roots in Periodic Autoregression

95-45
December 1995
Tom Engsted, Niels Haldrup
Estimating the LQAC Model with I(2) Variables

95-46
December 1995
Robert F. Engle, Gary G.J. Lee
Estimating Diffusion Models of Stochastic Volatility

95-47
December 1995
Dale Squires
Firm Behavior Under Rations And Vouchers: The Theory and Application of Inverse Derived Demand

UCSD Department of Economics
Revised Papers 1995

90-22R
June 1995
Kyle Bagwell, Garey Ramey
Capacity, Entry and Forward Induction

93-12R
January 1995
Julian R. Betts & Laurel L. McFarland
Safe Port in a Storm: the Impact of Labor Market Conditions on Community College Enrollments
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94-03R
January 1995
Wouter J. den Haan
Heterogeneity, Aggregate Uncertainty, and the Short-Term Interest Rate

94-13R
October 1995
Joel Watson
Alternating-Offer Bargaining with Two-Sided Incomplete Information (formerly "Dominance and Equilibrium in Alternating-Offer Bargaining")
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94-25R
June 1995
Robert F. Engle, Joshua V. Rosenberg
Testing the Term Structure of Stochastic Volatility Models Using Option Hedging Performance Criteria (formerly "Hedging Options in a GARCH Environment: Testing the Term Structure of Stochastic Volatility Models")

94-27R
July 1995
Robert F. Engle, Jeffrey R. Russell
Autoregressive Conditional Duration: A New Model for Irregularly Spaced Time Series Data (formerly "Forecasting Transaction Rates: The Autoregressive Conditional Duration Model")

95-10R
July 1995
George W. Evans, Garey Ramey
Calculation, Adaptation, and Rational Expectations