This is a set of three volumes containing edited versions of papers and commentaries presented in invited symposium sessions of the Eighth World Congress of the Econometric Society. The papers summarize and interpret recent key developments and discuss future directions in a wide range of topics in economics and econometrics.
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'These volumes provide valuable, up to date surveys of the frontiers of econometrics and economic theory. They are essential reading for anyone interested in modern quantitative economics.' James Heckman, Nobel Laureate, University of Chicago
'These volumes contain a wonderful collection of essays. Each one provides a review of the most important developments in a particular area of economics, written by distinguished members of the profession. Auctions, behavioral economics, competition policy, econometric methods and applications, and applied contract theory are among a host of subjects covered. Readers interested in the frontiers of economic research will find these volumes invaluable.' Elhanan Helpman, Harvard and Tel Aviv Universities
'Great surveys by the authors of new theories themselves are by now expected every five years from the World Congress of the Econometric Society. This collection will be as useful as the previous ones. It is both a retrospective on some of the most lively topics of the recent years - auctions, contracts, regulation, nonparametric econometrics ... and prospective on topics in full development – nonstandard utility functions, social interactions, education, and dynamic methods in macroeconomics. A must for the personal library of any serious economist.' Jean-Jacques Laffont, Université des Sciences Sociales de Toulouse
'These volumes contain the major invited papers at the Econometric Society's Eighth World Congress meetings: They are an impressive and useful collection, and reflect well the editors' intention to focus on research problems of substantive importance. The reader will get a tour of the latest methods in economic theory and econometrics, and will see them at work in dozens of real applications.' Robert Lucas, Nobel Laureate, University of Chicago
'With each essay written by a research leader, Advances in Economics and Econometrics provides a terrific opportunity for economists of every stripe to learn about what is happening at the many frontiers of economics research. These three volumes belong on the shelves of every serious economics researcher.' Paul Milgrom, Stanford University
'This broad coverage of frontier work is a collection of surveys in economic theory and econometrics which were presented at the Eighth World Congress of the Econometric Society. Written by the top researchers in their respective fields, emphasizing cross-fertilization between disciplines (theory and empirics, micro- and macro-economics, etc.), up to date and very accessible, these volumes also delineate the research agenda for the years to come and are essential readings for researchers and graduate students in economics.' Jean Tirole, Université des Sciences Sociales de Toulouse
Mathias Dewatripont is Professor of Economics at the Université Libre de Bruxelles where he was the founding Director of the European Centre for Advanced Research in Economics (ECARE). Professors Dewatripont, Hansen and Turnovsky are Fellows of the Econometric Society and were Program Co-Chairs of the Eighth World Congress of the Econometric Society, held in Seattle, Washington, in August 2000.
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