ESWC 2005: Congress Programme

The Congress Programme is subject to last minute changes.

This version of the Programme was viewed at 7/8/2005 9:16:50 AM

TUESDAY 23 AUGUST 2005


09:00 - 10:45 PAIRED INVITED LECTURES
Macroeconomics



09:00 - 10:45 MACROECONOMICS (MAC)
Chairperson: Edward Prescott, Federal Reserve Bank of Minneapolis
Room Z1 - Cruciform LT1

  ADVANCES IN DYNAMIC OPTIMAL TAXATION
Naryana Kocherlokata, Stanford

 
  MACROECONOMETRICS AND INEQUALITY: RECENT PROGRESS
Per Krusell, Princeton University and Tony Smith, Yale University
 

09:00 - 10:45 PAIRED INVITED LECTURES
Econometrics



09:00 - 10:45 NONLINEAR PANEL DATA (ECO)
Chairperson: Anthony Lancaster, Brown University
Discussant: Tiemen Woutersen, Johns Hopkins University
Room Z3 - Ingold Auditorium

  BIAS IN NONLINEAR PANEL MODELS: SOME RECENT DEVELOPMENTS
Manuel Arellano, CEMFI and Jinyong Hahn, UCLA

 
  ALTERNATIVE APPROACHES TO ESTIMATION OF DYNAMIC NONLINEAR MODELS
Bo Honoré, Princeton University
 

09:00 - 10:45 PAIRED INVITED LECTURES
Industrial Organization



09:00 - 10:45 INDUSTRIAL ORGANISATION (IOR)
Chairperson: Ariel Pakes, Harvard University
Discussant: Kenneth Hendricks, University of Texas at Austin
Room Bloomsbury Theater

  PRICE DISCRIMINATION
Mark Armstrong, University College London

 
  BOUNDED RATIONALITY IN INDUSTRIAL ORGANIZATION
Glen Ellison, Massachusetts Institute of Technology
 

10:45 - 11:15 BREAK



11:15 - 12:45 CONTRIBUTED SESSIONS
Macroeconomics



11:15 - 12:45 TAXATION AND MACROECONOMICS II (MAC)
Chairperson: Audrey Desbonnet, EUREQua
Room Z3 - Ingold LT

  ON THE EFFECTS OF REDISTRIBUTION ON GROWTH AND ENTREPRENEURIAL RISK-TAKING
Maik Heinemann, University of Lueneburg
Co-Author: Christiane Clemens, University of Hannover

 
  FISCAL POLICY AND THE FAMILY: EXPLAINING LABOR SUPPLY IN A MODEL WITH HOUSEHOLD PRODUCTION
Kelly Ragan, University of Chicago

 
  WEALTH INEQUALITIES AND THE TAX PROGRESSIVITY
Audrey Desbonnet, EUREQua
 

11:15 - 12:45 MONETARY POLICY III (MAC)
Chairperson: Francisco J. Ruge-Murcia, University of Montreal
Room Z3 - Ingold Auditorium

  MONETARY POLICY, OIL SHOCKS, AND TFP: ACCOUNTING FOR THE DECLINE IN U.S. VOLATILITY
Keith Sill, Federal Reserve Bank of Philadelphia
Co-Author: Sylvain Leduc, Federal Reserve Board of Governors

 
  THE PREDICTIVE POWER OF THE YIELD SPREAD: FURTHER EVIDENCE AND A STRUCTURAL INTERPRETATION
Carlo FAvero, Bocconi University
Co-Authors: Iryna Kaminska, IGIER Università Bocconi and Ulf Soderstrom, IGIER Università Bocconi

 
  THE TRANSMISSION OF MONETARY POLICY IN A MULTISECTOR ECONOMY
Emanuela Cardia, University of Montreal
Co-Authors: Hafedh Boaukez, HEC and Francisco J. Ruge-Murcia, University of Montreal
 

11:15 - 12:45 DSGE MODELS ESTIMATED WITH BAYESIAN METHODS (MAC)
Chairperson: Fabio Milani, Princeton University
Room Z3 - Harrie Massey

  BAYESIAN ESTIMATION OF AN OPEN ECONOMY DSGE MODEL WITH INCOMPLETE PASS-THROUGH
Malin Adolfson, Sveriges Riksbank
Co-Authors: Stefan Laséen, Sveriges Riksbank, Jesper Lindé, Sveriges Riksbank and Mattias Villani, Sveriges Riksbank

 
  ARE CONSTANT INTEREST RATE FORECASTS MODEST INTERVENTIONS? EVIDENCE FROM AN ESTIMATED OPEN ECONOMY DSGE MODEL OF THE EURO AREA
Jesper Lindé, Sveriges Riksbank
Co-Authors: Malin Adolfson, Sveriges Riksbank, Stefan Laséen, Sveriges Riksbank and Mattias Villani, Sveriges Riksbank

 
  EXPECTATIONS, LEARNING AND MACROECONOMIC PERSISTENCE
Fabio Milani, Princeton University
 

11:15 - 12:45 MUTIPLE EQUILIBRIA IN THE LAB (MAC)
Chairperson: Rod Garratt, UCSB
Room Z3 - Ricardo

  MENTAL ACCOUNTING AND SUNSPOT EQUILIBRIA
Aditya Goenka, National University of Singapore & University of Essex

 
  SUNSPOTS IN THE LABORATORY
Eric Fisher, Ohio State University
Co-Author: John Duffy, University of Pittsburgh

 
  BANK RUNS: AN EXPERIMENTAL STUDY
Rod Garratt, UCSB
Co-Author: Todd Keister, ITAM
 

11:15 - 12:45 CONTRIBUTED SESSIONS
Finance



11:15 - 12:45 EQUITY PREMIUM (FIN)
Chairperson: Rene Garcia,
Room Z2 - Engineering LT1

  INFORMATION QUALITY AND EQUITY PREMIUM IN PRODUCTION ECONOMIES
Hengjie Ai, University of Minnesota

 
  MARGIN REQUIREMENTS AND STOCK PRICE VOLATILITY WHEN AGENTS BELIEFS ARE HETEROGENEOUS
Tao Li, The Chinese University of Hong Kong

 
  STATE DEPENDENCE IN FUNDAMENTALS AND PREFERENCES EXPLAINS RISK AVERSION PUZZLE
Rene Garcia,
Co-Authors: Fousseni Chabi-Yo, Financial Markets Department, Bank of Canada and Eric Renault, CIRANO-CIREQ (Montreal) University of North Carolina at Chapel Hill
 

11:15 - 12:45 TERM STRUCTURE THEORY (FIN)
Chairperson: Pierre-Olivier Weill, NYU Stern School of Business
Room Z2 - Engineering LT2

  ON STIFFNESS IN AFFINE ASSET PRICING MODELS
Jun Yu, Singapore Management University
Co-Author: Shirley J. Huang, University of Auckland

 
  MONETARY POLICY AND THE TERM STRUCTURE OF INTEREST RATES
Juha Seppala, University of Illinois
Co-Author: Federico Ravenna, UC Santa Cruz

 
  A SEARCH-BASED THEORY OF THE ON-THE-RUN PHENOMENON
Pierre-Olivier Weill, NYU Stern School of Business
Co-Author: Dimitri Vayanos, London School of Economics
 

11:15 - 12:45 CONTRIBUTED SESSIONS
Public/Political Economics



11:15 - 12:45 PUBLIC SECTOR PRICING (PPE)
Chairperson: Jan Rouwendal, Free University Amsterdam
Room Z3 - Gordon House

  THE MARGINAL COST OF PUBLIC FUND IN AFRICA
Emmanuelle AURIOL, IDEI - University of Toulouse 1
Co-Author: Michael WARLTERS ,

 
  ASSESSING THE VALUE OF MUSEUMS WITH A COMBINED DISCRETE CHOICE / COUNT DATA MODEL
Jan Rouwendal, Free University Amsterdam
 

11:15 - 12:45 CONSTITUTIONS (PPE)
Chairperson: Elena Panova, GREMAQ, Université des Sciences Sociales, Toulouse
Room Z3 - Archeology

  CONSTITUTIONS AS SELF-ENFORCING REDISTRIBUTIVE SCHEMES
Dragan Filipovich, El Colegio de Mexico
Co-Author: Jaume Sempere, El COLEGIO DE MEXICO

 
  A THEORY OF AMENDMENT RULES AND EMERGENCY POWERS
Francesco Giovannoni, University of Bristol
Co-Author: Toke Aidt, University of Cambridge

 
  THE COHERENCE OF POLITICAL ACTION: A CASE AGAINST INDEPENDENCE.
Elena Panova, GREMAQ, Université des Sciences Sociales, Toulouse
 

11:15 - 12:45 CONTRIBUTED SESSIONS
Development Economics



11:15 - 12:45 POVERTY AND MORTALITY IN DEVELOPMENT (DEV)
Chairperson: Sonia Bhalotra, University of Bristol
Room Z2 - Young

  DEATH AND DEVELOPMENT
Peter Lorentzen, Stanford University Graduate School of Business
Co-Authors: John McMillan, Stanford University Graduate School of Business and Romain Wacziarg, Stanford University Graduate School of Business

 
  NOT BY GROWTH ALONE: THE ROLE OF THE INITIAL INCOME DISTRIBUTION IN REGIONAL DIVERSITY IN POVERTY TRENDS
Adriaan Kalwij, Tilburg University
Co-Author: Arjan Verschoor, School of Development Studies, University of East Anglia

 
  BIRTH SPACING AND NEONATAL MORTALITY IN INDIA: DYNAMICS, FRAILTY AND FECUNDITY
Sonia Bhalotra, University of Bristol
Co-Author: Arthur VanSoest, RAND and Tilburg
 

11:15 - 12:45 CONTRIBUTED SESSIONS
Applied and Empirical Microeconomics



11:15 - 12:45 RETIREMENT AND CONSUMPTION (AEM)
Chairperson: Anil Kumar, Federal Reserve Bank of Dallas
Room Z2 - Darwin

  SAVINGS MOTIVES AFTER RETIREMENT
John Bailey Jones, University at Albany, SUNY
Co-Authors: Mariacristina De Nardi, University of Minnesota and Eric French, Federal Reserve Bank of Chicago

 
  DEMAND PATTERNS AROUND RETIREMENT: EVIDENCE FROM SPANISH PANEL DATA
Mette Christensen, The Institute for Fiscal Studies

 
  EMPLOYER MATCHING AND 401(K) SAVING: EVIDENCE FROM THE HEALTH AND RETIREMENT STUDY
Anil Kumar, Federal Reserve Bank of Dallas
Co-Author: Gary Engelhardt, Department of Economics, Syracuse University
 

11:15 - 12:45 CONTRIBUTED SESSIONS
Labor Economics



11:15 - 12:45 SOCIAL NETWORKS AND THE LABOR MARKET (LAB)
Chairperson: Thomas Kniesner, Syracuse University
Room Z2 - Embriology

  SELF-ESTEEM AND LABOUR MARKET CHOICES
Gordon Myers, Simon Fraser University
Co-Authors: David Andolfatto, Simon Fraser University and Steeve Mongrain, Simon Fraser University

 
  IT, WORK ORGANIZATION AND SOCIAL INTERACTIONS
Nathalie Greenan, Centre d'Etudes de l'Emploi
Co-Author: Emmanuelle Walkowiak,

 
  AN ECONOMETRIC MODEL OF LABOR SUPPLY WITH SOCIAL INTERACTIONS
Thomas Kniesner, Syracuse University
Co-Author: Andrew Grodner, East Carolina University
 

11:15 - 12:45 CONTRIBUTED SESSIONS
International Economics



11:15 - 12:45 TRADE REFORMS (INT)
Chairperson: Garth Frazer, University of Toronto
Room Z2 - Hill

  WELFARE VS. MARKET ACCESS: IMPLICATIONS OF TARIFF STRUCTURE FOR TARIFF REFORM
James E. Anderson, Boston College
Co-Author: J. Peter Neary, University College Dublin

 
  TRADE LIBERALISATION WITH MULTINATIONAL FIRMS: EFFECTS ON WELFARE AND INTRA-INDUSTRY TRADE
Hartmut Egger, University of Zurich
Co-Authors: Peter Egger, ifo-Institute; CESifo; University of Munich and David Greenaway, University of Nottingham

 
  TRADE GROWTH FOLLOWING AGOA
Garth Frazer, University of Toronto
Co-Author: Johannes Van Biesebroeck, University of Toronto
 

11:15 - 12:45 CONTRIBUTED SESSIONS
Econometrics



11:15 - 12:45 FINANCIAL ECONOMETRICS III (ECO)
Chairperson: Peter Reinhard Hansen, Stanford University
Room Z4 - B20

  NONPARAMETRIC KERNEL ESTIMATION AND TESTING IN CONTINUOUS-TIME FINANCIAL ECONOMETRICS
Jiti Gao,
Co-Author: Manuel Arapis, The University of Western Australia

 
  ON THE USE OF THE KERNEL METHOD FOR SPECIFICATION TESTS OF DIFFUSION MODELS
Song Xi Chen, Iowa State University

 
  REGULAR AND MODIFIED KERNEL-BASED ESTIMATORS OF INTEGRATED VARIANCE: THE CASE WITH INDEPENDENT NOISE
Peter Reinhard Hansen, Stanford University
Co-Authors: Ole E. Barndorff-Nielsen, University of Aarhus, Asger Lunde, Aarhus Business School and Neil Shephard, Oxford University
 

11:15 - 12:45 REGIME SWITCHING (ECO)
Chairperson: Heather M. Anderson, The Australian National University
Room Z4 - B33

  A REGIME SWITCHING LONG MEMORY MODEL FOR ELECTRICITY PRICES
Niels Haldrup, Department of Economics, University of Aarhus,
Co-Author: Morten O. Nielsen, Cornell University

 
  OPTIMAL TEST FOR MARKOV SWITCHING
Liang Hu, University of Rochester
Co-Authors: Marine Carrasco, University of Rochester and Werner Ploberger, University of Rochester

 
  RANDOM WALK SMOOTH TRANSITION AUTOREGRESSIVE MODELS
Heather M. Anderson, The Australian National University
Co-Author: Chin Nam Low, Monash University
 

11:15 - 12:45 NONPARAMETRIC MODELS WITH ENDOGENEITY (ECO)
Chairperson: Joel Horowitz, Northwestern University
Room Z4 - B35

  UNDESTANDING INSTRUMENTAL VARIABLES IN MODELS WITH ESSENTIAL HETEROGENEITY
Urzua Sergio, University of Chicago
Co-Authors: James Heckman, The University of Chicago and Ed Vytlacil, Stanford

 
  REGULARITY SPACES IN ILL-POSED INVERSE PROBLEMS.
Jan Johannes, Institute of Applied Mathematics, University Heidelberg
Co-Author: Vanhems Anne, Toulouse Business School

 
  A NONPARAMETRIC TEST FOR EXOGENEITY
Joel Horowitz, Northwestern University
Co-Author: Richard Blundell, University College London
 

11:15 - 12:45 ESTIMATION AND MULTIPLE EQUILIBRIUM (ECO)
Chairperson: Andrew Sweeting, Northwestern University
Room Z4 - B34

  IDENTIFICATION AND ESTIMATION OF DISCRETE GAMES OF COMPLETE INFORMATION
Stephen Ryan, MIT
Co-Authors: Patrick Bajari, University of Michigan and Han Hong, Duke University

 
  SEMIPARAMETRIC ESTIMATION OF A SIMULTANEOUS GAME WITH INCOMPLETE INFORMATION
Aradillas-Lopez Andres, Princeton University

 
  COORDINATION GAMES, MULTIPLE EQUILIBRIA AND THE TIMING OF RADIO COMMERCIALS
Andrew Sweeting, Northwestern University
 

11:15 - 12:45 TREATMENT CHOICE (ECO)
Chairperson: Keisuke Hirano, University of Arizona
Room Z4 - B36

  MINIMAX-REGRET TREATMENT CHOICE WITH MISSING OUTCOME DATA
Charles Manski, Northwestern University

 
  PREDICTING BINARY OUTCOMES
Lieli Robert, University of Texas at Austin
Co-Author: Graham Elliott, University of California, San Diego

 
  ASYMPTOTICS FOR STATISTICAL TREATMENT RULES
Keisuke Hirano, University of Arizona
Co-Author: Jack Porter, University of Wisconsin
 

11:15 - 12:45 CONTRIBUTED SESSIONS
Economic Theory



11:15 - 12:45 AUCTIONS IV (THY)
Chairperson: Gian Luigi Albano, University College London
Room Z1 - Jenner 1

  SELLING WITHOUT RESERVE AS THE CONTENT OF OPTIMAL AUCTIONS
Ron Harstad, University of Missouri

 
  OPTIMAL AUCTION DESIGN: WHO GETS WHAT MATTERS
Vasiliki Skreta, UCLA
Co-Author: Nicolas Figueroa, University of Minnesota

 
  THE COLLUSIVE DRAWBACKS OF SEQUENTIAL AUCTIONS
Gian Luigi Albano, University College London
Co-Author: Giancarlo Spagnolo, Consip Research Unit and University of Stockholm
 

11:15 - 12:45 EVOLUTION AND LEARNING III (THY)
Chairperson: Andreas Blume, University of Pittsburgh
Room Z1 - Mendell 1

  NEIGHBORS VERSUS STRANGERS IN A SPATIAL INTERACTION MODEL
Virginie Masson, University of Pittsburgh

 
  GROUP SELECTION AND SOCIAL PREFERENCES
Marcus Salomonsson, Stockholm School of Economics
Co-Author: Jörgen Weibull, Stockholm School of Economics

 
  DECENTRALIZED LEARNING FROM FAILURE
Andreas Blume, University of Pittsburgh
Co-Author: April Franco, University of Iowa
 

11:15 - 12:45 NEUROECONOMICS (THY)
Chairperson: Aldo Rustichini, Minnesota
Room Z1 - Cruciform LT1

  GETTING TO KNOW YOU: REPUTATION AND TRUST IN A TWO-PERSON ECONOMIC EXCHANGE
P. Read Montague, Baylor College of Medicine

 
  THE MIRROR-NEURON SYSTEM AND ACTION RECOGNITION
Giacomo Rizzolatti, university of Parma
Co-Author: Luciano Fadiga, university of ferrara

 
  LEARNING OPTIMAL BEHAVIOR IN AN UNCERTAIN ENVIRONMENT
Aldo Rustichini, Minnesota
Co-Authors: James Ashe, University of Minnesota and Ovidiu Lungu, University of Minnesota
 

11:15 - 12:45 REPUTATION (THY)
Chairperson: Rafael Rob, University of Pennsylvania
Room Z1 - Darwin

  COMPETITION IN INFORMATION TRANSMISSION
Enrico Sette, London School of Economics and Financial Markets Group

 
  FIRM REPUTATION AND HORIZONTAL INTEGRATION
Hongbin Cai, UCLA
Co-Author: Ichiro Obara,

 
  REPUTATION AND TURNOVER
Rafael Rob, University of Pennsylvania
Co-Author: Tadashi Sekiguchi, Kyoto University
 

11:15 - 12:45 CONTRACTS AND HOLDUPS (THY)
Chairperson: Hideshi Itoh, Hitotsubashi University
Room Z1 - Jenner 2

  TOO MUCH COMPETITION: ON THE ROLE OF MARKETS IN THE HOLD-UP PROBLEM
Thomas Gall, University of Mannheim
Co-Authors: Patrick Legros, and Andrew F. Newman,

 
  FORMAL CONTRACTS, RELATIONAL CONTRACTS, AND THE HOLDUP PROBLEM
Hideshi Itoh, Hitotsubashi University
Co-Author: Hodaka Morita, School of Economics, University of New South Wales
 

11:15 - 12:45 EXPERIMENTAL STUDIES OF VOTING (THY)
Chairperson: Thomas Palfrey, Princeton
Room Z3 - Jevons

  LET ME VOTE! AN EXPERIMENTAL STUDY OF THE EFFECTS OF VOTE ROTATION IN COMMITTEES
Ronald Bosman, De Nederlandsche Bank
Co-Authors: Philipp Maier, De Nederlandsche Bank, Vjollca Sadiraj, University of Arizona and Frans van Winden, University of Amsterdam

 
  GROUP DECISION-MAKING AND VOTING IN ULTIMATUM BARGAINING: AN EXPERIMENTAL STUDY
Andrei Gomberg, ITAM
Co-Authors: Alexander Elbittar, ITAM and Laura Sour, CIDE

 
  MINORITIES AND STORABLE VOTES
Thomas Palfrey, Princeton
Co-Author: Raymond Riezman, University of Iowa
 

11:15 - 12:45 CONTRIBUTED SESSIONS
Industrial Organization



11:15 - 12:45 DYNAMICS OF COMPETITION (IOR)
Chairperson: James Peck, The Ohio State University
Room Z1 - Mendell 2

  DYNAMIC PRICE COMPETITION WITH CAPACITY CONSTRAINTS AND STRATEGIC BUYERS
Nikolaos Vettas, Athens Univ. of Economics and Business
Co-Author: Gary Biglaiser, University of North Carolina

 
  GO FOR BROKE OR PLAY IT SAFE? DYNAMIC COMPETITION WITH CHOICE OF VARIANCE
Axel Anderson, Georgetown University
Co-Author: Luis Cabral, NYU - Stern

 
  INVESTMENT DYNAMICS WITH COMMON AND PRIVATE VALUES
James Peck, The Ohio State University
Co-Author: Dan Levin, Ohio State University
 

11:15 - 12:45 NETWORK INDUSTRIES (IOR)
Chairperson: Jeong-Yoo Kim, Kyung Hee University
Room Z1 - Cruciform LT2

  DIFFERENTIATED NETWORKS: EQUILIBRIUM AND EFFICIENCY
Rossella Argenziano, Yale University

 
  ENDOGENOUS INTERNET STRUCTURE AND BARGAINING POWER IN INTERCONNECTION AGREEMENTS
Jeong-Yoo Kim, Kyung Hee University
 

11:15 - 12:45 GOODS (IOR)
Chairperson: Jae Nahm, HKUST
Room Z2 - Biochemestry

  PRIVATE LABEL AND THE SPECIFIC RETAILERS' ROLE
Fabian Bergès-Sennou, INRA-ESR, University of Toulouse
Co-Author: Patrick Rey, University of Toulouse, IDEI

 
  ADVERTISING AND CONSPICUOUS CONSUMPTION
Daniel Krahmer, Free University Berlin

 
  VAPORWARE
Jae Nahm, HKUST
Co-Authors: Jay Pil Choi, Michigan State and Eirik Kristiansen,
 

11:15 - 12:45 EMPIRICAL STUDIES OF FIRM BEHAVIOR (IOR)
Chairperson: Andrew Sweeting, Northwestern University
Room Z2 - Chadwick

  THE DIFFUSION OF COMPLEMENTARY TECHNOLOGIES: AN EMPIRICAL TEST
Raffaello Seri, Università degli Studi dell''Insubria
Co-Authors: Thomas Astebro, Joseph L. Rotman School of Management, University of Toronto and Massimo Colombo, Politecnico di Milano

 
  AGGLOMERATION, REGIONAL GRANTS AND FIRM LOCATION
Helen Simpson, The Institute for Fiscal Studies
Co-Authors: Michael P. Devereux, University of Warwick and Rachel Griffith, University College London, IFS

 
  LEASING AND SECONDARY MARKETS: THEORY AND EVIDENCE FROM COMMERCIAL AIRCRAFT
Alessandro Gavazza, New York University
 

12:45 - 14:15 LUNCH



14:15 - 16:15 CONTRIBUTED SESSIONS
Macroeconomics



14:15 - 16:15 ESTIMATION OF DSGE MODELS (MAC)
Chairperson: Andre Kurmann, Université du Québec à Montréal
Room Z3 - Ricardo

  CROSS EQUATION EFFECTS OF MISSPECIFICATION: A PARTIAL ESTIMATION APPROACH TO DSGE MODELS
Kai Christoffel, European Central Bank

 
  ESTIMATING MACROECONOMIC MODELS: A LIKELIHOOD APPROACH
Fernandez-Villaverde Jesus, University of Pennsylvania

 
  AN EFFICIENT IMPULSE RESPONSE MATCHING ESTIMATOR FOR RATIONAL EXPECTATIONS MODELS
Oscar Jorda, University of California, Davis
Co-Author: Kozicki Sharon, Federal Reserve Bank of Kansas City

 
  MAXIMUM LIKELIHOOD ESTIMATION OF DYNAMIC STOCHASTIC THEORIES WITH AN APPLICATION TO NEW KEYNESIAN PRICING
Andre Kurmann, Université du Québec à Montréal
 

14:15 - 16:15 MACROECONOMIC MODELS OF PRICE SETTING (MAC)
Chairperson: Morten Ravn, European University Instistute
Room Z3 - Ingold LT

  IDENTIFYING THE INFLUENCES OF NOMINAL AND REAL RIGIDITIES IN AGGREGATE PRICE-SETTING BEHAVIOR
Günter Coenen, European Central Bank
Co-Author: Andrew Levin, Federal Reserve Board

 
  PERSISTENCE AND NOMINAL INERTIA IN A GENERALISED TAYLOR ECONOMY: HOW LONGER CONTRACTS DOMINATE SHORTER CONTRACTS
Engin Kara, Univeristy of York
Co-Author: Huw Dixon, Univeristy of York

 
  PRICE SETTING IN GENERAL EQUILIBRIUM: ALTERNATIVE SPECIFICATIONS
Gregory de Walque, National Bank of Belgium
Co-Authors: Frank Smets, European Central Bank and Raf Wouters, National Bank of Belgium

 
  DEEP HABITS
Morten Ravn, European University Instistute
Co-Authors: Stephanie Schmitt-Grohe, Duke University and Martin Uribe, Duke University
 

14:15 - 16:15 RISK SHARING IN MARCOECONOMICS (MAC)
Chairperson: Josep Pijoan-Mas, CEMFI
Room Z3 - Jevons

  RISK SHARING
Martin Gervais, The University of Western Ontario
Co-Author: Paul Klein, The University of Western Ontario

 
  TESTING PRIVATE INFORMATION MODELS WITH ASSET ACCUMULATION
Nicola Pavoni, University College London
Co-Author: Orazio Attanasio, UCL

 
  PRECAUTIONARY SAVINGS OR WORKING LONGER HOURS?
Josep Pijoan-Mas, CEMFI
 

14:15 - 16:15 MONETARY REGIMES (MAC)
Chairperson: Silvia Sgherri, International Monetary Fund
Room Z3 - Harrie Massey

  U.K. MONETARY REGIMES AND MACROECONOMIC STYLISED FACTS
Luca Benati, Bank of England

 
  THE EFFECTS OF TRADE LINKAGES ON DOLLARIZATION
brian peterson, Indiana University

 
  ASYMMETRIC MONETARY POLICY IN AUSTRALIA
Jeffrey Sheen, University of Sydney
Co-Author: Shawn Chen-Yu Leu, La Trobe University

 
  DECONSTRUCTING THE ART OF CENTRAL BANKING
Silvia Sgherri, International Monetary Fund
Co-Author: Tamim Bayoumi, International Monetary Fund
 

14:15 - 16:15 SOCIAL SECURITY REFORM (MAC)
Chairperson: Juan Carlos Parra, Georgetown University
Room Z3 - Ingold Auditorium

  WELFARE EFFECTS OF SOCIAL SECURITY REFORMS ACROSS EUROPE : THE CASE OF FRANCE AND ITALY
Raquel Fonseca, CSEF, University of Salerno
Co-Author: Thepthida Sopraseuth,

 
  EX ANTE PARETO IMPROVING SOCIAL SECURITY
Piero Gottardi, Department of Economics, University of Venice
Co-Author: Felix Kubler, Universitat Mannheim

 
  THE WELFARE GAINS OF IMPROVING RISK SHARING IN SOCIAL SECURITY
Conny Olovsson, The Stockholm School of Economics

 
  QUANTIFYING THE INEFFICIENCY OF THE US SOCIAL SECURITY SYSTEM
Juan Carlos Parra, Georgetown University
Co-Author: Mark Huggett, Georgetown University
 

14:15 - 16:15 CONTRIBUTED SESSIONS
Finance



14:15 - 16:15 CORPORATE FINANCE: EMPIRICAL (FIN)
Chairperson: Georges Dionne, HEC Montreal
Room Z2 - Darwin

  GOVERNANCE AND CEO TURNOVER: DO SOMETHING OR DO THE RIGHT THING?
Matthew Rhodes-Kropf, Columbia University
Co-Author: Raymond Fisman, Columbia University

 
  CORPORATE GOVERNANCE AND FAMILY FIRMS IN WEAK LEGAL ENVIRONMENTS : EVIDENCE FROM PAKISTAN
Rida Zaidi, University of Cambridge

 
  THE FAMILY BEHIND THE FAMILY FIRM: EVIDENCE FROM SUCCESSION IN DANISH FIRMS
Morten Bennedsen, Copenhagen Business School

 
  ON RISK MANAGEMENT DETERMINANTS: WHAT REALLY MATTERS?
Georges Dionne, HEC Montreal
Co-Author: Thouraya Triki, HEC Montréal
 

14:15 - 16:15 FINANCIAL EXTREMES (FIN)
Chairperson: John W Galbraith, McGill University
Room Z2 - Engineering LT1

  A THEORY OF LARGE FLUCTUATIONS IN STOCK MARKET ACTIVITY
Plerou Vasiliki , Boston University

 
  MEASURES OF THE EQUITY RISK OF LARGE FINANCIAL INSTITUTIONS USING EXTREME VALUE THEORY
Richard Anderson, Federal Reserve Bank of St Louis
Co-Authors: Jason Higbee, Federal Reserve Bank of St. Louis and Frank Schmid, Finance Dept, Auckland Technical University

 
  GAUSSIAN TESTS OF "EXTREMAL WHITE NOISE" FOR DEPENDENT, HETEROGENEOUS, HEAVY TAILED TIME SERIES WITH AN APPLICATION
Jonathan Hill, Florida International University

 
  EXTREMES AND EXTREME DEPENDENCE IN THE NASDAQ AND S&P 500 EQUITY INDEXES
John W Galbraith, McGill University
 

14:15 - 16:15 TERM STRUCTURE MODELS (FIN)
Chairperson: Ricardo Brito, Ibmec São Paulo
Room Z2 - Engineering LT2

  NO-ARBITRAGE TAYLOR RULES
Sen Dong, Columbia University
Co-Authors: Andrew Ang, University of South California and Columbia University and Monika Piazzesi, University of Chicago

 
  THE RECENT SHIFT IN TERM STRUCTURE BEHAVIOR FROM A NO -ARBITRAGE MACRO -FINANCE PERSPECTIVE
Tao Wu, Federal Reserve Bank of San Francisco
Co-Author: Glenn Rudebusch, Federal Reserve Bank of San Francisco

 
  NO-ARBITRAGE MACROECONOMIC DETERMINANTS OF THE YIELD CURVE
Ruslan Bikbov, Columbia Business School
Co-Author: Mikhail Chernov, Columbia Business School

 
  WHAT THE SHORT-TERM INTEREST RATE TARGET CAN DO FOR MEAN-REVERTING MODELLING
Ricardo Brito, Ibmec São Paulo
 

14:15 - 16:15 CONTRIBUTED SESSIONS
Development Economics



14:15 - 16:15 INVESTMENT AND DEVELOPMENT (DEV)
Chairperson: Jan Svejnar, University of Michigan
Room Z2 - Hill

  OLIGARCHIC PROPERTY RIGHTS AND INVESTMENT
Roger Myerson, University of Chicago
Co-Author: Serguey Braguinsky, State University of New York at Buffalo

 
  FOREIGN INVESTMENT, CORPORATE OWNERSHIP, AND DEVELOPMENT: ARE FIRMS IN EMERGING MARKETS CATCHING UP TO THE WORLD STANDARD?
Jan Svejnar, University of Michigan
Co-Authors: Klara Sabirianova-Peter, University of Michigan and Katherine Terrell, University of Michigan
 

14:15 - 16:15 CONTRIBUTED SESSIONS
Applied and Empirical Microeconomics



14:15 - 16:15 PRODUCTIVITY MEASUREMENT (AEM)
Chairperson: Timo Kuosmanen, Wageningen University
Room Z2 - Biochemestry

  MEASURING AND MISMEASURING INDUSTRY PRODUCTIVITY GROWTH USING PLANT-LEVEL DATA
Amil Petrin, University of Chicago
Co-Author: James Levinsohn, University of Michigan

 
  ICT, MULTINATIONALS AND ORGANISATIONS IN PRODUCTIVITY: ESTIMATION ON UK MICRO DATA
Nick Bloom, Centre for Economic Performance, London School of Economics
Co-Authors: Dinesh Cheryan, LSE, Raffaella Sadun, London School of Economics and John Van Reenen, London School of Economics

 
  ON THE ANATOMY OF PRODUCTIVITY GROWTH: A DECOMPOSITION OF THE FISHER IDEAL TFP INDEX
Timo Kuosmanen, Wageningen University
Co-Author: Timo Sipiläinen, Agrifood Research Finland, MTT Economic Research

 
  ON ESTIMATING THE MIXED EFFECTS MODEL
Robin Sickles, Economics/Rice University
 

14:15 - 16:15 HEALTH (AEM)
Chairperson: Yasutora Watanabe, University of Pennsylvania
Room Z2 - Young

  THE DYNAMIC TRADE-OFF BETWEEN MEDICAL EXPENDITURE INSURANCE, MORAL HAZARD AND MORTALITY RISK: A LIFE CYCLE ANALYSIS OF THE EFFECTS OF MEDICARE ON INDIVIDUAL INCENTIVES AND OUTCOMES
Ahmed Khwaja, Fuqua School of Business, Duke University

 
  RISK SHARING AND RISK ADJUSTMENT STRATEGIES TO DEAL WITH HEALTH PLAN SELECTION AND EFFICIENCY
Manuel Garcia Goni, Universidad Carlos III de Madrid

 
  THE INTERRELATION BETWEEN DISABILITY AND WORK: THE ROLE OF HEALTH SHOCKS AND EARLY CHILDHOOD CONDITIONS
Ana Llena Nozal, Free University of Amsterdam
Co-Authors: Maarten Lindeboom, Free University of Amsterdam and Bas van der Klaauw, Free University Amsterdam

 
  LEARNING AND BARGAINING IN DISPUTE RESOLUTION: THEORY AND EVIDENCE FROM MEDICAL MALPRACTICE LITIGATION
Yasutora Watanabe, University of Pennsylvania
 

14:15 - 16:15 EDUCATION DECISIONS (AEM/LAB)
Chairperson: Inger Munk, London School of Economics
Room Z2 - Embriology

  ACCOUNTING FOR HETEROGENEOUS RETURNS IN SEQUENTIAL SCHOOLING DECISIONS
Gema Zamarro, CEMFI

 
  SORTING, SELECTION, AND SEMIPARAMETRIC ESTIMATION OF RETURNS TO COLLEGE EDUCATION IN CHINA
Haizheng Li, Georgia Tech
Co-Authors: Belton Fleisher, Ohio State University, Shi Li, CASS and Xiaojun Wang, University of Hawaii

 
  SUBSIDIZING ENJOYABLE EDUCATION
Robert Dur, Tinbergen Institute, Erasmus University Rotterdam
Co-Author: Amihai Glazer, Department of Economics, University of California, Irvine

 
  PRIVATE SCHOOL LOCATION IN THE UK
Inger Munk, London School of Economics
 

14:15 - 16:15 CONTRIBUTED SESSIONS
Labor Economics



14:15 - 16:15 WAGES I (LAB)
Chairperson: Sara Lemos, UoL / UFMT
Room Z1 - Cruciform LT2

  DISENTANGLING EMPLOYMENT AND WAGE RIGIDITY
Luigi Pistaferri, Stanford University
Co-Authors: Luigi Guiso, and Fabiano Schivardi, Bank of Italy

 
  THE RETURNS TO SENIORITY IN FRANCE (AND WHY THEY ARE LOWER THAN IN THE UNITED STATES)
Thierry Kamionka, CNRS and CREST
Co-Authors: Magali Beffy, CREST, Moshe Buchinsky, UCLA, CREST and NBER , Denis Fougère, CNRS and CREST and Francis Kramarz, CREST-INSEE, CEPR and IZA

 
  THE GENERATIONAL ASPECT OF THE GREAT COMPRESSION: A COHORT ANALYSIS
Takashi Yamashita, RAND & University of Nevada Las Vegas

 
  DO MINIMUM WAGE PRICE EFFECTS HURT THE POOR MORE?
Sara Lemos, UoL / UFMT
 

14:15 - 16:15 JOB SEARCH (LAB)
Chairperson: Zvi Eckstein, Tel Aviv University and University of Minnesota
Room Z2 - Chadwick

  PERSISTENT EMPLOYMENT FLUCTUATIONS AND THE STRUCTURE OF SEARCH MODELS: A FREQUENCY-DOMAIN PERSPECTIVE
Fabiano Bastos, University of Maryland

 
  A JOB SEARCH MODEL WITH SOCIAL NETWORKS. THE BETTER MATCH HYPOTHESIS.
Francois Fontaine, CREST-INSEE, EUREQua - Universite Paris 1, IZA

 
  WAGE-TENURE CONTRACTS, EXPERIENCE AND EMPLOYMENT STATUS
Carlos Carrillo-Tudela, University of Essex

 
  MINIMUM WAGE AND COMPLIANCE IN A MODEL OF SEARCH ON-THE-JOB
Zvi Eckstein, Tel Aviv University and University of Minnesota
Co-Author: Squin Ge,
 

14:15 - 16:15 EDUCATION DECISIONS (AEM/LAB)
Chairperson: Inger Munk, London School of Economics
Room Z2 - Embriology

  ACCOUNTING FOR HETEROGENEOUS RETURNS IN SEQUENTIAL SCHOOLING DECISIONS
Gema Zamarro, CEMFI

 
  SORTING, SELECTION, AND SEMIPARAMETRIC ESTIMATION OF RETURNS TO COLLEGE EDUCATION IN CHINA
Haizheng Li, Georgia Tech
Co-Authors: Belton Fleisher, Ohio State University, Shi Li, CASS and Xiaojun Wang, University of Hawaii

 
  SUBSIDIZING ENJOYABLE EDUCATION
Robert Dur, Tinbergen Institute, Erasmus University Rotterdam
Co-Author: Amihai Glazer, Department of Economics, University of California, Irvine

 
  PRIVATE SCHOOL LOCATION IN THE UK
Inger Munk, London School of Economics
 

14:15 - 16:15 CONTRIBUTED SESSIONS
International Economics



14:15 - 16:15 EXCHANGE RATES AND PRICES (INT)
Chairperson: Helen Popper, Santa Clara University
Room Z3 - Archeology

  VIOLATING PURCHASING POWER PARITY
George Alessandria, Federal Reserve Bank of Philadelphia
Co-Author: Joseph Kaboski, Ohio State University

 
  PASS-THROUGH AND EXCHANGE-RATE FLUCTUATIONS IN A DSGE MODEL OF PRICEDISCRIMINATION
Luca Dedola, European Central Bank - DG Research
Co-Authors: Giancarlo Corsetti, European University Institute and Sylvain Leduc, Federal Reserve Board of Governors

 
  A DECOMPOSITION OF THE SOURCES OF INCOMPLETE CROSS-BORDER TRANSMISSION: THE CASE OF BEER
Rebecca Hellerstein, Federal Reserve Bank of New York

 
  ACCOUNTING FOR REAL EXCHANGE RATE CHANGES WITH INDIVIDUAL GOODS
Helen Popper, Santa Clara University
Co-Author: David Parsley, Vanderbilt University
 

14:15 - 16:15 SOVREIGN DEBT (INT)
Chairperson: Vivian Zhanwei Yue, University of Pennsylvania and New York University
Room Z3 - Gordon House

  A RISK MANAGEMENT APPROACH TO EMERGING MARKETS’ SOVEREIGN DEBT SUSTAINABILITY WITH AN APPLICATION TO BRAZILIAN DATA
Marcio Garcia, Dept. of Economics - PUC-Rio
Co-Author: Roberto Rigobon, MIT

 
  SOVEREIGN DEBT CRISIS: COORDINATION, BARGAINING AND MORAL HAZARD
Sayantan Ghosal, University of Warwick
Co-Author: Kannika Thampanishvong, University of Warwick

 
  WHY DO EMERGING ECONOMIES BORROW SHORT TERM?
Sergio Schmukler, IMF and World Bank, Research Department
Co-Authors: Fernando Broner, Universitat Pompeu Fabra, CREI and Guido Lorenzoni, MIT

 
  SOVEREIGN DEFAULT AND DEBT RENEGOTIATION
Vivian Zhanwei Yue, University of Pennsylvania and New York University
 

14:15 - 16:15 CONTRIBUTED SESSIONS
Econometrics



14:15 - 16:15 MULTIVARIATE VOLATITLITY (ECO)
Chairperson: Joann Jasiak, York University, Toronto, Canada
Room Z4 - B33

  MULTIVARIATE AUTOREGRESSIVE CONDITIONAL HETEROSKEDASTICITY WITH SMOOTH TRANSITIONS IN CONDITIONAL CORRELATIONS
Annastiina Silvennoinen, Stockholm School of Economics
Co-Author: Timo Teräsvirta, Stockholm School of Economics

 
  A MULTIVARIATE GENERALIZED ORTHOGONAL FACTOR GARCH MODEL
Markku Lanne, University of Jyväskylä
Co-Author: Pentti Saikkonen, University of Helsinki

 
  COPULA-BASED MULTIVARIATE GARCH MODELS WITH UNCORRELATED DEPENDENT ERRORS
Xiangdong Long dxlecon, Econometric Society
Co-Author: Tae-Hwy Lee, University of California, Riverside

 
  THE WISHART AUTOREGRESSIVE PROCESS OF MULTIVARIATE STOCHASTIC VOLATILITY
Joann Jasiak, York University, Toronto, Canada
Co-Authors: Christian Gouriéroux, CREST and University of Toronto and Razvan Sufana, University of Toronto
 

14:15 - 16:15 FRACTIONAL INTEGRATION (ECO)
Chairperson: Don Poskitt, Monash University
Room Z4 - B20

  EFFICIENT T-TESTS FOR FRACTIONAL UNIT ROOTS
Ignacio Lobato, Instituto Tecnologico Autonomo de Mexico
Co-Author: Carlos Velasco,

 
  CONSISTENT ESTIMATION OF THE MEMORY PARAMETER FOR NONLINEAR TIME SERIES
Violetta Dalla, LSE
Co-Authors: Liudas Giraitis, University of York and Javier Hidalgo, LSE

 
  SEMIPARAMETRIC ESTIMATION OF FRACTIONAL COINTEGRATION
Javier Hualde, Universidad de Navarra
Co-Author: Peter Robinson, London School of Economics

 
  PROPERTIES OF THE SIEVE BOOTSTRAP FOR NON-INVERTIBLE AND FRACTIONALLY INTEGRATED PROCESSES
Don Poskitt, Monash University
 

14:15 - 16:15 MACROECONOMIC ECONOMETRICS II (ECO)
Chairperson: Simon van Norden, HEC Montréal, CIRANO & CIREQ
Room Z4 - B34

  EXPLORING THE INTERNATIONAL LINKAGES OF THE EURO AREA: A GLOBAL VAR ANALYSIS
L. Vanessa Smith, University of Cambridge
Co-Authors: Stephane Dees, European Central Bank, Filippo Di Mauro, European Central Bank and M. Hashem Pesaran, Cambridge University and USC

 
  FORECASTING THE VOLATILITY OF AUSTRALIAN STOCK RETURNS: DO COMMON FACTORS HELP?
Farshid Vahid, The Australian National University
Co-Author: Heather M. Anderson, The Australian National University

 
  FRACTIONAL OUTPUT CONVERGENCE, WITH AN APPLICATION TO NINE DEVELOPED COUNTRIES
Arielle Beyaert, Universidad de Murcia, Spain

 
  HOW PRECISE ARE OUR ESTIMATES OF THE CURRENT OUTPUT GAP? NEW EVIDENCE FROM MULTIVARIATE ESTIMATES FOR THE EURO-ZONE
Simon van Norden, HEC Montréal, CIRANO & CIREQ
 

14:15 - 16:15 GMM WITH MISSING DATA (ECO)
Chairperson: David Brownstone, UC Irvine
Room Z4 - B35

  SEMIPARAMETRIC EFFICIENCY IN GMM MODELS OF NONCLASSICAL MEASUREMENT ERRORS, MISSING DATA AND TREATMENT EFFECTS
Alessandro Tarozzi, Duke University
Co-Authors: Xiaohong Chen, New York Uni and Han Hong, Duke University

 
  COMBINING DATASETS TO OVERCOME SELECTION CAUSED BY CENSORING AND TRUNCATION IN MOMENT BASED MODELS
Gautam Tripathi, University of Connecticut
Co-Author: Paul J. Devereux , Department of Economics, UCLA

 
  IDENTIFICATION AND ESTIMATION OF GMM MODELS BY COMBINING TWO DATA SETS
Elena Martinez-Sanchis, IFS and cemmap
Co-Author: Hidehiko Ichimura,

 
  VALID INFERENCE IN PARTIALLY UNSTABLE GMM MODELS
Hong Li, AEA and ES
Co-Author: Ulrich Mueller, Princeton University
 

14:15 - 16:15 DURATION MODELS (ECO)
Chairperson: Yiu Kuen Tse, Singapore Management University
Room Z4 - B36

  A SEMI-PARAMETRIC DURATION MODEL WITH HETEROGENEITY THAT DOES NEED TO BE ESTIMATED
Jerry Hausman, MIT
Co-Author: Tiemen Woutersen, Johns Hopkins University

 
  SURVEY NON-RESPONSE AND UNEMPLOYMENT DURATION
Maarten Lindeboom, Free University of Amsterdam
Co-Authors: Peter Dolton, University of Newcastle and LSE and Gerard Van den Berg, Free University

 
  A MODEL SELECTION TEST FOR BIVARIATE FAILURE-TIME DATA
Yanqin Fan, Vanderbilt University
Co-Author: Xiaohong Chen, New York Uni

 
  AN AUTOREGRESSIVE CONDITIONAL MARKED DURATION MODEL FOR TRANSACTION DATA
Yiu Kuen Tse, Singapore Management University
Co-Authors: Anthony Tay, Singapore Management University, Christopher Ting, Singapore Management University and Mitch Warachker, Singapore Management University
 

14:15 - 16:15 CONTRIBUTED SESSIONS
Economic Theory



14:15 - 16:15 INCOMPLETE INFORMATION GAMES I (THY)
Chairperson: Subir Chakrabarti, Indiana University Purdue University Indianapolis (IUPUI)
Room Z1 - Darwin

  EXTENDED CONVERSATIONS IN SENDER-RECEIVER GAMES
Vijay Ramdas Krishna, School of Economics, University of Edinburgh

 
  CHEAP TALK, EFFCIENCY AND EGALITARIAN COST SHARING IN JOINT PROJECTS
Flavio Menezes, The Austrlaian National University

 
  CAN MEDIATION IMPROVE UPON CHEAP TALK? A NOTE
Chirantan Ganguly, University of Birmingham
Co-Author: Indrajit Ray, University of Birmingham

 
  EQUILIBRIUM IN DISCOUNTED REPEATED GAMES WITH INCOMPLETE INFORMATION ABOUT PAYOFFS
Subir Chakrabarti, Indiana University Purdue University Indianapolis (IUPUI)
 

14:15 - 16:15 MATCHING (THY)
Chairperson: Michael Peters, University of British Columbia
Room Z1 - Mendell 1

  JOB MARKET SIGNALLING OF RELATIVE POSITION, OR BECKER MARRIED TO SPENCE
Ed Hopkins, University of Edinburgh

 
  TWO-SIDED MATCHING WITH HORIZONTALLY DIFFERENTIATED AGENTS
Tilman Klumpp, Indiana University

 
  MATCHING AND PLAYING GAMES
Alison Watts, Southern Illinois University
Co-Author: Matthew Jackson, IDEAS

 
  NON-COOPERATIVE FOUNDATIONS OF HEDONIC EQUILIBRIUM
Michael Peters, University of British Columbia
 

14:15 - 16:15 INEQUALITY AND FAIRNESS (THY)
Chairperson: Thomas A. Weber, Stanford University
Room Z1 - Mendell 2

  DOES THE LORENZ CURVE REALLY MEASURE INEQUALITY? ANOTHER LOOK AT INEQUALITY MEASUREMENT.
Patrick Moyes, GRAPE
Co-Author: Alain Chateauneuf, CERMSEM

 
  USING ANALYSIS OF GINI (ANOGI) FOR DETECTING WHETHER TWO SUB-SAMPLES REPRESENT THE SAME UNIVERSE: THE GERMAN SOCIO-ECONOMIC PANEL STUDY (SOEP) EXPERIENCE
Jan Goebel, DIW Berlin
Co-Authors: Joachim Frick, DIW Berlin, Edna Schechtmann, Ben Gurion University, Gert Wagner, DIW and Shlomo Yitzhaki, Dept. of Economics, Hebrew University

 
  FAIR WELFARE MAXIMIZATION
Thomas A. Weber, Stanford University
Co-Authors: Ashish Goel, Stanford University and Adam Meyerson, UCLA
 

14:15 - 16:15 CONTRIBUTED SESSIONS
Industrial Organization



14:15 - 16:15 INDUSTRY DYNAMICS AND FIRM GROWTH (IOR)
Chairperson: Santanu Roy, Southern Methodist University
Room Z1 - Jenner 1

  TAKEOVERS AND IMPLEMENTATION UNCERTAINTY: A REAL OPTIONS APPROACH
Rune Stenbacka, Swedish School of Economics and Business Administration
Co-Author: Luis Alvarez, Turku School of Economics, Department of Economics

 
  WHEN DUOPOLISTS DO NOT RESTRICT SUPPLY
Marc Dudey, Rice University

 
  LEARNING-BY-DOING, ORGANIZATIONAL FORGETTING, AND INDUSTRY DYNAMICS
Ulrich Doraszelski, Harvard University

 
  INVESTMENT, EXTERNALITIES AND INDUSTRY DYNAMICS.
Santanu Roy, Southern Methodist University
Co-Author: Takashi Kamihigashi, RIEB, Kobe University
 

16:15 - 17:00 BREAK



17:00 - 18:30 FISCHER-SCHULTZ LECTURE



17:00 - 18:30 FISCHER-SCHULTZ LECTURE (IOR)
Chairperson: Jerry Hausman, MIT
Room

  ECONOMETRICS AND THEORY IN APPLIED INDUSTRIAL ORGANISATION
Ariel Pakes, Harvard University
 

19:45 - 22:00 BRITISH MUSEUM


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