This is the first of three volumes containing edited versions of
papers and a commentary presented at invited symposium sessions of
the Ninth World Congress of the Econometric Society, held in London
in August 2005. The papers summarise and interpret key
developments, and they discuss future directions for a wide variety
of topics in economics and econometrics. The papers cover both
theory and applications. Written by leading specialists in their
fields, these volumes provide a unique survey of progress in the
discipline.
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