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Manuscripts should be submitted electronically via Editorial Express at https://editorialexpress.com/et. Files should be in PDF format with all fonts (and graphics) embedded and should be accompanied by a letter of submission. Manuscripts are accepted for review on the understanding that the same work has not been and will not be published nor is presently submitted elsewhere. While under editorial review, it is the responsibility of the authors to keep the Editor informed about submissions, publication plans, and actual publication of related research or abstracts thereof in other outlets, including letters, journals, review publications, journals in other disciplines, conference proceedings, and published dissertations. It is further understood that all persons listed as authors have given their approval for the submission of the article and that any person cited as a source of personal communication has approved such citation; written authorization may be required at the Editor’s discretion. Authors are responsible for obtaining written permission to publish material for which they do not own the copyright. Articles and other material published in Econometric Theory represent the opinions of the authors and should not be construed to reflect the opinions of the Editor, Advisory Board Editorial Board, or the Publisher.