Dynamic disequilibrium modeling

the long version

Dynamic Disequilibrium Modeling presents some recent surveys and developments in dynamic disequilibrium and continuous time econometric modeling, along with related research from associated fields. Specific areas covered include applications in business cycles and growth, tests for nonlinearity rationing and disequilibrium dynamics, and demographic and international applications. The contents of this volume are drawn from the proceedings of the ninth conference in The International Symposia in Economic Theory and Econometrics series, under the general editorship of William Barnett. The proceedings volume includes the most important papers presented at a conference held at the University of Munich on August 31 - September 4, 1993. The symposia in the series are sponsored by the IC[superscript 2] Institute at the University of Texas at Austin and are cosponsored by the RGK Foundation. This ninth conference was cosponsored also by the Deutsche Forschungsgemeinschaft (DFG) and the Bavarian Ministry of Education, along with the Seminar for Mathematical Economics (SEMECON), the Center for Economics Studies (CES), and the Economics Department at the University of Munich. The symposium was held at the University of Munich. . The organizers of the ninth symposium, which produced the current proceedings volume, were Claude Hillinger at the University of Munich, Giancarlo Gandolfo at the University of Rome "La Sapienza," A. R. Bergstrom at the University of Essex, and P. C. B. Phillips at Yale University.