(1) Papers must be in English.

((2) Online submission
All submissions are handled online at http://editorialexpress.com/je .

The Journal of Econometrics levies a submission fee for unsolicited manuscripts of US$ 75.00. Checks should be made out in the name of the Journal of Econometrics. Preferred option is payment by credit card. Please print and complete this manuscript submission form and enclose that with the manuscript. The submission fee is waived for personal subscribers, members of the editorial board and fellows of the Journal of Econometrics.

Submission of a paper will be held to imply that it contains original unpublished work and is not being submitted for publication elsewhere. The Editor does not accept responsibility for damage or loss of papers submitted. Upon acceptance of an article, author(s) will be asked to transfer copyright of the article to the publisher. This transfer will ensure the widest possible dissemination of information.

(3) Submission of accepted papers as electronic manuscripts, i.e., on disk with accompanying manuscript, is encouraged. Electronic manuscripts have the advantage that there is no need for rekeying of text, thereby avoiding the possibility of introducing errors and resulting in reliable and fast delivery of proofs. Do not submit your original paper as electronic manuscript but hold on to the disk untilasked for this by the Editor (in case your paper is accepted without revisions). Do submit the accepted version of your paper as electronic manuscript. Make absolutely sure that the fileson the disk and the printout are identical. Please use a new and correctly formatted disk and label this with your name; also specify the software and hardware used as well as the title ofthe file to be processed. Do not convert the file to plain ASCII. Ensure that the letter 'l' and digit '1', and also the letter 'O' and digit '0' are used properly, and format your article (tabs, indents, etc.) consistently. Characters not available on your word processor (Greek letters mathematical symbols, etc.) should not be left open but indicated by a unique code (e.g. gralpha, alpha, etc., for the Greek letter &agr;). Such codes should be used consistently throughout the entire text; a list of codes used should accompany the electronic manuscript. Do not allow your word processor to introduce word breaks and do not use a justified layout. Please adhere strictly to the general instructions below on style, arrangement and, inparticular, the reference style of the journal.

(4) Manuscripts should be double spaced, with wide margins, and printed on one side of the paper only. All pages should be numbered consequently. Titles and subtitles should be short. References, tables, and legends for the figures should be printed on separate pages.

(5) The first page of the manuscript should contain the following information: (i) the title; (ii) the name(s) and institutional affiliation(s) of the author(s); (iii) an abstract of not more than 100 words. A footnote on the same sheetshould give the name, address, and telephone and fax numbers of the corresponding author [as well as an e-mail address].

(6) The first page of the manuscript should also containat least one classification code according to the Classification System for Journal Articles as used by the Journal of Economic Literature; in addition, up to five key words should be supplied.

(7) Acknowledgements and information on grants received can be given before the references.

(8) Footnotes should be kept to a minimum and numbered consecutively throughout the text with superscript Arabic numerals.

(9) Displayed formulae should be numbered consecutively throughout the manuscript as (1), (2), etc. against the right-hand margin of the page. In cases where the derivation of formulae has been abbreviated, it is of great help to the referees if the full derivation can be presented on a separate sheet (not to be published).

(10) References to publications should be as follows: 'Smith (1992) reported that...' of 'This problem has been studied previously (e.g., Smith et al., 1969)'. The author should make sure that there is a strict one-to-one correspondence between the names and years in the text and those on the list. The list of references should appear at the end of the main text (after any appendices, but before tables and legends for figures). It should be double spaced and listed in alphabetical order by author's name. References should appear as follows:

For monographs
Hawawini, G. and I. Swary, 1990, Mergers and acquisitions in the U.S. banking industry: Evidence from the capital market North-Holland, Amsterdam.

For contributions to collective works
Brunner, K. and A.H. Meltzer, 1990, Money supply, in: B.M. Friedman and F.H. Hahn, (Eds.), Handbook of monetary economics, Vol. 1. North-Holland, Amsterdam, pp. 357-396.

For periodicals
Griffiths, W. and G. Judge, 1992, Testing and estimating location vectors when the error covariance matrix is unknown. Journal of Econometrics 54, 121-138.

Note that journal titles should not be abbreviated.

(11) Illustrations will be reproduced photographically from originals supplied by the author; they will not be redrawn by the publisher. Please provide all illustrations in quadruplicate (one high-contrast original and three photocopies). Care shouldbe taken that lettering and symbols are of a comparable size. The illustrations should not be inserted in the text, and should be marked on the back with figure number, title of paper, andauthor's name. All graphs and diagrams should be referred to as figures, and should be numbered consecutively in the text in Arabic numerals. Illustration for papers submitted as electronic manuscripts should be in traditional form.

(12) Tables should be numbered consecutively in the text in Arabic numerals and printed on separate sheets.

Any manuscript which does not conform to the above instructions may be returned for the necessary revision before publication.

Author Proofs and reprints
Page proofs will be sent electronically to the corresponding author. Proofs should be corrected carefully; the responsibility for detecting errors lies with the author. Corrections should be restricted to instances in which the proof is at variance with the manuscript. Extensive alterations will be charged.

The corresponding author, at no cost, will be provided with a PDF file of the article via e-mail. The PDF file is a watermarked version of the published article and includes a cover sheet with the journal cover image and a disclaimer outlining the terms and conditions of use.