Table of Contents

I: Introduction.- 1: Overview and Summary.- II: Econometric Specifications of the Disequilibrium Model.- 2: Previous Specifications.- 2.1: The Standard Disequilibrium Specification.- 2.2: The Stochastic Min Specification.- 2.3: Explicit Aggregation.- 3: The Exact Excess Demand Specification.- 3.1: The Basic Model of Exact Excess Demand.- 3.2: Dynamic Links.- 3.3: An Endogenous Price.- 3.4: Testing for Equilibrium.- 3.5: Multiple Indicators.- 3.6: Extension to Multimarket Models.- 4: Evaluating the Exact Excess Demand Specification.- 4.1: A Likelihood Ratio Test of the Exact Indicator.- 4.2: Misspecification and Tractability of Estimation.- Appendix A: Linear Spillovers.- III: Estimation of a Single Market Disequilibrium Model.- 5: Model Structure - Labor Demand and Labor Supply.- 6: Excess Labor Demand Indicators.- 7: Estimation and Results.- 7.1: Exact Indicator Results.- 7.2: Testing the Exact Indicator.- Appendix B: Definition of Variables in Part III.- IV: Estimation of a Multimarret Disequilibrium Model.- 8: Model Structure I - Behavior of Agents.- 8.1: Household Behavior.- 8.2: Firm Behavior.- 9: Model Structure II - Market Interaction.- 9.1: Labor Market.- 9.2: Capital Goods Market.- 9.3: Consumer Goods Market.- 10: Excess Demand Indicators.- 10.1: Labor Market.- 10.2: Capital Goods Market.- 10.3: Consumer Goods Market.- 11: Estimation and Results.- Appendix C: International Trade.- Appendix D: Definition of Variables in Part IV.- V: Conclusion.- 12: Whither Disequilibrium?.- References.