PROBLEMS AND SOLUTIONS

We rank institutions and researchers based on a standardized page count of their econometric theory publications over the last 1 1 years (1986-1996) in 1 1 economics and statistics journals. Our ranking criteria differ from those employed by Hall (1987, Econometric Theory 3, 171-194; 1990, Ecunometric Theory 6, 1-16) and Baltagi (1998, Econometric Theory 14, 1-43). We weight the standardized page count of a publication by the publishing journalʹs "impact factor," which measures ajournalʹs impact on the profession. We also depart from the previous rankings by focusing only on publications in theoretical econometrics. Our rankings reveal Yale University to be the leading academic institution, enjoying a large lead over the other top institutions: University of Chicago, M.I.T., and London School of Economics. Our rankings also reveal that Peter Phillips and Donald Andrews (both affiliated with Yale University) are the leading researchers in theoretical econometrics. We also provide rankings of countries and Ph.D. programs.