These three volumes contain edited versions of papers and commentaries presented at invited symposium sessions of the Tenth World Congress of the Econometric Society 2010. The papers summarize and interpret key developments in economics and econometrics and they discuss future directions for a variety of topics, covering both theory and application. Written by the leading specialists, these volumes provide a unique, accessible survey of progress on the discipline. The first volume addresses economic theory, focusing on nonstandard markets, contracts, decision theory, communication and organizations, epistemics and calibration, and patents. The second volume addresses applied economics, with specific focuses on finance, political economy, trade and firm dynamics, economic growth, and perspectives on Chinese economic growth. The third volume primarily addresses econometrics, with specific focuses on the econometrics of industrial organization, macroeconometrics, econometric theory, empirical microeconomics, time series and panels, and the Mirrlees Review on tax reform in the twenty-first century.
Volume 1: Part I. Nonstandard Markets: 1. Matching markets: theory and practice; 2. The economics of Internet markets; 3. Discussion of 'Matching markets: theory and practice'; Part II. Contracts: 4. Contracts: the theory of dynamic principal-agent relationships and the continuous-time approach; 5. Dynamic financial contracting; 6. Comments on contracts; Part III. Decision Theory: 7. Ambiguity and the Bayesian paradigm; 8. Temptation; 9. Comments on 'behavioral' decision theory; Part IV. Communication/Organization: 10. Giving and receiving advice; 11. Organizational economics with cognitive costs; Part V. Foundations Epistemics and Calibration: 12. Strategies and interactive beliefs in dynamic games; 13. Calibration: respice, adspice, prospice; 14. Discussion of 'Strategies and interactive beliefs in dynamic games' and of 'Calibration: respice, adspice, prospice'; Part VI. Patents: Pros and Cons for Innovation and Efficiency: 15. Revisiting the relationship between competition, patenting, and innovation; 16. Mechanisms for allocation and decentralization of patent rights. Volume 2: Part I. Finance: 1. Macroeconomics with financial frictions: a survey; Part II. Political Economy; 2. Institutional comparative statics; 3. The political economy of mass media; 4. Comments on Prat and Stromberg, and Robinson and Torvik; 5. Job search, labor force participation, and wage rigidities; 6. From wages to welfare: decomposing gains and losses from rising inequality; Part III. Trade and Firm Dynamics: 7. Trade liberalization and firm dynamics; 8. International trade: linking micro and macro; Part IV. Growth: 9. Structural development accounting; 10. Misallocation, economic growth, and input-output economics; Part V. Frisch Lecture: 11. Trade and labor market outcomes; Part VI. Perspectives on Chinese Economic Growth: 12. The China miracle demystified; 13. Is precocious export sophistication a source of China's growth success? Computing the share of domestic value added in exports when processing trade is prevalent; 14. Perspectives on China's economic growth patent rights. Volume 3: Part I. Econometrics of Industrial Organization: 1. Game theory and econometrics: a survey of some recent research; 2. Recent developments in empirical IO: dynamic demand and dynamic games; 3. Estimation of (dynamic) games: a discussion; Part II. Macroeconometrics: 4. Macroeconomics and volatility: data, models, and estimation; 5. Estimation and evaluation of DSGE models: progress and challenges; 6. Discussion of Fernandez-Villaverde and Rubio-Ramirez as well as Schorfheide; Part III. Econometric Theory: 7. Estimation and inference methods for high-dimensional sparse econometric models; 8. Measurement error in nonlinear models - a review; 9. Penalized least square methods for latent variables models; Part IV. Empirical Microeconomics: 10. Productivity and management practices; 11. ExtrapoLATE-ing: external validity and overidentification in the LATE framework; Part V. Time Series and Panels: 12. Panel data models and factor analysis; 13. Penalized sieve estimation and inference of semi-nonparametric dynamic models: a selective review; Part VI. Mirrlees Review: Rethinking the Tax System for the Twenty-First Century: 14. Empirical evidence and tax design; 15. A review of the Mirrlees Review: labor tax reforms; 16. The Mirrlees Review and optimal labor income tax and transfer programs.
