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.

This volume contains edited papers and commentaries presented at invited symposium sessions of the Tenth World Congress of the Econometric Society 2010.

[vol.1] Ⅰ. NONSTANDARD MARKETS 1. Maching Markets: Theory and Practice 2. The Economics of Internet Markets 3. Discussion of "Matching Markets: Theory and Practice" Ⅱ. CONTRACTS 4. Contracts: The Theory of Dynamic Principal-Agent Relationships and the Continuous-Time Approach 5. Dynamic Financial Contraction 6. Comments on "Contracts" Ⅲ. DECISION THEORY 7. Ambiguity and the Bayesian Paradigm 8. Temptation 9. Comments on "Behavioral" Decision Theory Ⅳ. COMMUNICATION/ORGANIZATIONS 10. Giving Receiving Advice 11. Organizational Economics with Cognitive Costs 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 "Calibration:Respice, Adspice, Prospice" 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 [vol.2] Ⅰ. FINANCE 1. Macroeconomics with Financial Frictions: A Survey Ⅱ. POLITICAL ECONOMY 2. Institutional Comparative Statics 3. The Political Economy of Mass Media 4. Comments on Prat and Stromberg, and Robinson and Torvik Ⅲ. MACROECONOMICS 5. Job Search, Labor-Force Participation, and Wage Rigidities 6. From Wages to Welfare: Decomposing Gains and Losses from Rising Inequality Ⅳ. TRADE AND FIRM DYNAMICS 7. Trade Liberalization and Firm Dynamics 8. Internation Trade: Linking Micro and Macro Ⅴ.GROWTH 9. Structural Development Accounting 10. Misallocation, Economic Growth, And Input-Output Economics Ⅵ. FRISCH LECTURE 11. Trade and Labor-Market Outcomes Ⅶ. 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 [vol.3] 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 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 Ⅲ. ECONOMETRIC THEORY 7. Inference for High-dimensional Sparse Econometric Models 8. Measurement Error in Nonlinear Models - A Review 9. Penalized Least-Squares Methods for Latent Variables Models: A Discussion of the Papers by Susanne M. Schennach and by Alexandre Belloni, Victor Chernozhukov, and Christian B. Hansen Ⅳ. EMPIRICAL MICROECONOMICS 10. Productivity and Management Practices 11. ExtrapoLATE-ing: external Validity and Overidentification in the LATE Framework Ⅴ. TIME SERIES AND PANELS 12. Panel Data Models and Factor Analysis 13. Penalized Sieve Estimation and Inference of Seminonparametric Dynamic Models: A Selective Review Ⅵ. MIRRLEES REVIES: RETHINKING THE TAX SYSTEM FOR THE TWENTY-FIRST CENTURY 14. Empirical Evidence and Earnings Tax Design:Lessons from the Mirrlees Review 15. A Review of the Mirrlees Review: Labor tax Reforms 16. The Mirrlees Review and Optimal Labor Income Tax and Transfer Programs