EEA-ESEM 2006: Congress Programme
The Congress Programme is subject to last minute changes.
This version of the Programme was viewed at 21/08/2006 09:10:24
MONDAY 28 AUGUST 2006
| 09:00 - 11:00 | INVITED SESSION 3 |
| 11:00 - 11:30 | COFFEE BREAK |
| 11:30 - 13:30 | FISHER-SCHULTZ LECTURE |
| 13:30 - 14:30 | LUNCH TIME |
| 13:30 - 14:30 | EEA INSTITUTIONAL / FELLOWS LUNCH |
| 14:30 - 16:30 | CONTRIBUTED SESSION 8 ESEM Econometrics |
| 14:30 - 16:30 | CONTRIBUTED SESSION 8 ESEM Theory |
| 14:30 - 16:30 | CONTRIBUTED SESSION 8 EEA |
| 16:30 - 17:00 | COFFEE BREAK |
| 17:00 - 19:00 | CONTRIBUTED SESSION 9 ESEM Econometrics |
| 17:00 - 19:00 | CONTRIBUTED SESSION 9 ESEM Theory |
| 17:00 - 19:00 | CONTRIBUTED SESSION 9 EEA |
| 19:30 | FAREWELL PARTY AT UNIVERSITY |
| 09:00 - 11:00 |
INVITED SESSION 3
EEA |
| 09:00 - 11:00 |
HETEROGENEOUS INFORMATION IN MACROECONOMICS (EEA)
Chairperson: George-Marios Angeletos, Massachusetts Institute of Technology - MIT |
Room U-21 |
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SOCIALLY OPTIMAL COORDINATION: CHARACTERIZATION AND POLICY IMPLICATIONS
George-Marios Angeletos, Massachusetts Institute of Technology - MIT |
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OPTIMAL COMMUNICATION
Stephen Morris, Princeton University Co-Author: Hyun Song Shin, Princeton University |
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STICKY INFORMATION IN GENERAL EQUILIBRIUM
Ricardo Reis, Princeton University Co-Author: N. Gregory Mankiw, |
| 09:00 - 11:00 |
RECENT ADVANCES ON LOBBYING (EEA)
Chairperson: David Martimort, University of Toulouse I |
Room U-41 |
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SOME RESULTS ON LOBBYING UNDER ASYMMETRIC INFORMATION
David Martimort, University of Toulouse I Co-Author: Aggey Semenov, National University of Singapore |
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IF YOU CANNOT GET YOUR FRIENDS ELECTED LOBBY YOUR ENEMIES
Leonardo Felli, London School of Economics Co-Author: Antonio Merlo, University of Pennsylvania |
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PLAYING PARTIES AGAINST EACH OTHER IN PROPORTIONAL REPRESENTATION AND
MAJORITARIAN SYSTEMS
Ethan Kaplan, IIES - Stockholm University Co-Author: Chamon Marcos, IMF |
| 09:00 - 11:00 |
INDIVIDUAL SAVINGS OUTCOMES IN PUBLIC, PRIVATE, AND EMPLOYER-SPONSORED SAVINS PLANS (EEA)
Chairperson: Brigitte Madrian, Wharton, University of Pennsylvania |
Room U-50 |
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HOW DO INDIVIDUAL ACCOUNTS WORK IN THE SWEDISH PENSION SYSTEM?
Annika Sunden, Institute for Social Research, Stockholm University Co-Author: Mårten Palme, Stockholm University |
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SAVINGS INCENTIVES FOR LOW AND MODERATE INCOME FAMILIES: EXPERIMENTAL EVIDENCE
Esther Duflo, MIT Department of Economics Co-Authors: William Gale, The Brookings Institution, Jeffrey B. Liebman, Harvard University, Peter R. Orszag, The Brooking Institution and Emmanuel Saez, Berkeley University |
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SIMPLIFICATION AND SAVING
Brigitte Madrian, Wharton, University of Pennsylvania Co-Authors: James J. Choi, Yale School of Management and David Laibson, Harvard University |
| 09:00 - 11:00 |
INVITED SESSION 3
ESEM: Theoretical and Applied Economics |
| 09:00 - 11:00 |
ORGANIZATION THEORY AND THE FIRM (ESEM TAE)
Chairperson: John Moore, Edinburgh University and London School of Economics |
Room U-7 |
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COORDINATION AND ORGANIZATIONAL STRUCTURE
Wouter Dessein, University of Chicago Co-Authors: Ricardo Alonso, Northwestern University, Niko Matouschek, Northwestern University and Tano Santos, Columbia University |
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ORGANIZATION IN THE KNOWLEDGE ECONOMY
Luis Garicano, University of Chicago, GSB Co-Author: Esteban Rossi-Hansberg, |
| 09:00 - 11:00 |
INVITED SESSION 3
ESEM: Econometrics and Empirical Economics |
| 09:00 - 11:00 |
ASYMPTOTIC INFERENCE (ESEM EEE)
Chairperson: Manfred Deistler, |
Room U-33 |
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MODEL SELECTION AND INFERENCE
Benedikt Pötscher, University of Vienna |
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OPTIMAL TESTING IN MARKOV-SWITCHING MODELS
Werner Ploberger, Rochester |
| 11:00 - 11:30 | COFFEE BREAK |
| 11:30 - 13:30 |
FISHER-SCHULTZ LECTURE
ESEM: Theoretical and Applied Economics |
| 11:30 - 13:30 |
FISHER-SCHULTZ LECTURE (ESEM TAE/ESEM EEE)
Chairperson: |
Room Votivkirche |
| 11:30 - 13:30 |
FISHER-SCHULTZ LECTURE
ESEM: Econometrics and Empirical Economics |
| 11:30 - 13:30 |
FISHER-SCHULTZ LECTURE (ESEM TAE/ESEM EEE)
Chairperson: |
Room Votivkirche |
| 13:30 - 14:30 | LUNCH TIME |
| 13:30 - 14:30 | EEA INSTITUTIONAL / FELLOWS LUNCH |
| 14:30 - 16:30 |
CONTRIBUTED SESSION 8
EEA |
| 14:30 - 16:30 |
BUSINESS CYCLES IV (EEA)
Chairperson: Thepthida Sopraseuth, EPEE, PSE Jourdan and CEPREMAP |
Room U-46 |
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BUSINESS CYCLE CO-MOVEMENT AND LABOR MARKET INSTITUTIONS: EMPIRICAL EVIDENCE FOR OECD COUNTRIES
Thepthida Sopraseuth, EPEE, PSE Jourdan and CEPREMAP Co-Authors: Raquel Fonseca, RAND Corporation and Lise Patureau, THEMA |
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MEDIUM-TERM FLUCTUATIONS AND THE GREAT RATIOS OF ECONOMIC GROWTH
Christian Groth, University of Copenhagen Co-Author: Jakob B. Madsen, University of Copenhagen |
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TIME TO PRODUCE AND THE CYCLICAL BEHAVIOR OF PRODUCTIVITY
Roman Sustek, Bank of England |
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MACROECONOMIC FLUCTUATIONS AND FIRM ENTRY: THEORY AND EVIDENCE
Vivien Lewis, Catholic University Leuven |
| 14:30 - 16:30 |
CONSUMPTION AND SAVINGS (EEA)
Chairperson: Jonathan Crook, Credit Research Centre, University of Edinburgh |
Room U-34 |
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HOUSEHOLD DEBT AND CREDIT CONSTRAINTS: COMPARATIVE MICRO EVIDENCE FROM THREE OECD COUNTRIES
Jonathan Crook, Credit Research Centre, University of Edinburgh Co-Author: Stefan Hochguertel, VU University Amsterdam |
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INDIRECT EFFECTS OF AN AID PROGRAM: THE CASE OF PROGRESA AND CONSUMPTION
Giacomo De Giorgi, Stanford University Co-Author: Manuela Angelucci, University of Arizona |
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CONSUMER EXPENDITURES AND HOME PRODUCTION
AT RETIREMENT - NEW EVIDENCE FROM GERMANY
Melanie Luhrmann, Institute for Fiscal Studies |
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WHY AND HOW DO GERMANS SAVE? AN EXAMINATION OF SAVINGS MOTIVES AND SAVINGS DECISIONS OF PRIVATE GERMAN HOUSEHOLDS
Daniel Schunk, University of Mannheim |
| 14:30 - 16:30 |
ECONOMICS OF EDUCATION I (EEA)
Chairperson: Ian Walker, Warwick |
Room J-13 |
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TWIN-BASED ESTIMATES OF THE RETURNS TO EDUCATION: EVIDENCE FROM THE POPULATION OF DANISH TWINS
Ian Walker, Warwick Co-Author: Paul Bingley, Arhus Business School |
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FINANCING SCHEMES FOR HIGHER EDUCATION
Elena Del Rey, Universitat de Girona Co-Author: Maria Racionero, Australian National University |
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EDUCATION CHOICE WITH SOCIAL PREFERENCES
Johannes Sandkuehler, University of Munich |
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SELECTIVE SCHOOLING
Sandra McNally, Centre for Economic Performance, LSE Co-Author: Eric Maurin, paris-Jourdan sciences economiques |
| 14:30 - 16:30 |
CREDIT MARKETS (EEA)
Chairperson: Eloisa Campioni, CORE, Universitè catholique de Louvain |
Room J-21 |
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INCENTIVES AND WELFARE IN THE CREDIT MARKET
Eloisa Campioni, CORE, Universitè catholique de Louvain |
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THE EXTERNAL FINANCE PREMIUM AND THE MACROECONOMY: US POST-WWII EVIDENCE
Ferre De Graeve, Ghent University |
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STORAGE AND WAREHOUSE RECEIPTS AS FINANCING INSTRUMENTS
Laura Malaguzzi Valeri, Economic and Social Research Institute Co-Author: Andrew Coleman, Reserve Bank of New Zealand |
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EQUITY AND EFFICIENCY UNDER IMPERFECT CREDIT MARKETS
Reto Foellmi, University of Zurich Co-Author: Manuel Oechslin, University of Zurich / IEW |
| 14:30 - 16:30 |
EMPIRICAL TRADE III (EEA)
Chairperson: László Halpern, Institute of Economics of Hungarian Academy of Sciences, CEPR, CEU, WDI |
Room U-21 |
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THE VARIETY AND QUALITY OF A NATION’S EXPORTS:
THE TRADEMARK APPROACH
Andrea Mangani, Department of Economics - Pisa |
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IMPORTS AND PRODUCTIVITY
László Halpern, Institute of Economics of Hungarian Academy of Sciences, CEPR, CEU, WDI Co-Authors: Miklós Koren, Federal Reserve Bank of New York and Adam Szeidl, University of California, Berkeley |
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TRADE POLICY AND SECTORAL MANUFACTURING SPECIALIZATION
Christian Volpe Martincus, Inter-American Development Bank Co-Author: Antoni Estevadeordal, Inter-American Development Bank |
| 14:30 - 16:30 |
FISCAL POLICY III (EEA)
Chairperson: Werner Roeger, European Commission, DG Economic and Financial Affairs |
Room U-24 |
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FISCAL POLICY IN AN ESTIMATED OPEN ECONOMY MODEL FOR THE EURO AREA
Werner Roeger, European Commission, DG Economic and Financial Affairs Co-Authors: Jan In 't Veld, DG ECFIN EU Commission and Marco Ratto, JRC European Commission |
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LABOR TAXATION AND SHOCK PROPAGATION IN A NEW KEYNESIAN MODEL WITH SEARCH FRICTIONS
Juuso Vanhala, University of Helsinki / Bank of Finland |
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FISCAL SHOCKS AND THE CONSUMPTION RESPONSE WHEN WAGES ARE STICKY
Francesco Furlanetto, DEEP-HEC Lausanne |
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RENT-SEEKING COMPETITION FROM STATE COFFERS: A CALIBRATED DSGE MODEL OF THE EURO AREA
Vanghelis Vassilatos, Athens University of Economics and Business, Department of Economics Co-Authors: Konstantinos Angelopoulos, Athens University of Economics & Business and Apostolis Philippopoulos, Athens University of Economics & Business and CESifo |
| 14:30 - 16:30 |
EXCHANGE RATES III (EEA)
Chairperson: Matthieu Bussiere, ECB |
Room J-18 |
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EXCHANGE RATE PASS-THROUGH IN THE G7 ECONOMIES: THE ROLE OF NON-LINEARITIES AND ASYMMETRIES
Matthieu Bussiere, ECB |
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EURO-DOLLAR REAL EXCHANGE RATE DYNAMICS IN AN ESTIMATED TWO-COUNTRY MODEL: WHAT IS IMPORTANT AND WHAT IS NOT
Pau Rabanal, La Caixa Co-Author: Vicente Tuesta, Banco Central de Reserva del Peru |
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THE EURO-DOLLAR EXCHANGE RATE AND QUITY FLOWS
Kari Heimonen, University of Jyväskylä, School of Business and Economics |
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THE OPEN ECONOMY CONSEQUENCES OF U.S. MONETARY POLICY
John Bluedorn, University of Oxford Co-Author: Christopher Bowdler, University of Oxford, Nuffield College |
| 14:30 - 16:30 |
LABOUR MARKET DYNAMICS II (EEA)
Chairperson: Antonella Trigari, IGIER, Bocconi University |
Room J-17 |
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UNEMPLOYMENT FLUCTUATIONS WITH STAGGERED NASH WAGE BARGAINING
Antonella Trigari, IGIER, Bocconi University Co-Author: Mark Gertler, NYU |
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AGGREGATE SHOCKS AND LABOR MARKET FLUCTUATIONS
Riccardo DiCecio, Federal Reserve Bank of St. Louis Co-Authors: Helge Braun, Northwestern University and Reinout De Bock, Northwestern University |
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EFFICIENCY WAGES AND SEVERANCE PAYMENTS WITH ENDOGENOUS SHOCKS
Florian Baumann, University of Mainz |
| 14:30 - 16:30 |
INVESTMENT AND ENTREPREUNERSHIP V (EEA)
Chairperson: J Liu, University of Salford |
Room U-48 |
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INVESTMENT FINANCING IN THE TRANSITIONAL CHINA:
A PANEL ANALYSIS OF CHINESE LISTED COMPANIES
J Liu, University of Salford |
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FINANCIAL CONSTRAINTS, GLOBAL ENGAGEMENT, AND FIRM SURVIVAL IN THE UK: EVIDENCE FROM MICRO DATA
Sarah Bridges, University of Nottingham Co-Author: Alessandra Guariglia, University of Nottingham |
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THE 'SHADOW OF SUCCESSION' - RESULTS FROM A NON-PARAMETRIC MATCHING APPROACH
Sandra Diwisch, Vienna University of Economics and BA Co-Authors: Peter Voithofer, and Christoph Weiss, Vienna University of Economics and Business Administration |
| 14:30 - 16:30 |
AUCTIONS I (EEA)
Chairperson: Roberto Burguet, Institut d'Anàlisi Econòmica |
Room U-50 |
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LICENSE PRICES FOR FINANCIALLY CONSTRAINED FIRMS
Roberto Burguet, Institut d'Anàlisi Econòmica Co-Author: Preston McAfee, California Institute of Technology |
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THE 'SHILL BIDDING EFFECT' VERSUS THE 'LINKAGE PRINCIPLE'
Laurent Lamy, CREST-LEI |
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LAST MINUTE FEEDBACK
Tobias Klein, University of Mannheim Co-Authors: Christian Lambertz, University of Mannheim, Gian Carlo Spagnolo, Stockholm School of Economics and Konrad O. Stahl, University of Mannheim |
| 14:30 - 16:30 |
ECONOMIC GEOGRAPHY II (EEA)
Chairperson: Xavier Fageda, Universitat de Barcelona |
Room J-16 |
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MEASURING THE SOCIAL RETURN TO INFRASTRUCTURE INVESTMENTS USING INTERREGIONAL PRICE GAPS: A NATURAL EXPERIMENT
Zhigang Li, University of Hong Kong |
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PRODUCTIVITY DIFFERENCES AND AGGLOMERATION ACROSS DISTRICTS OF GREAT BRITAIN
Lubomira Anastassova, CERGE-EI |
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GETTING THERE FAST: GLOBALIZATION, INTERCONTINENTAL FLIGHTS AND LOCATION OF HEADQUARTERS
Xavier Fageda, Universitat de Barcelona Co-Author: Germà Bel, Universitat de Barcelona |
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COUNTRY SIZE AND THE RULE OF LAW: RESUSCITATING MONTESQUIEU
Gustav Hansson, Göteborg University Co-Author: Ola Olsson, Göteborg University |
| 14:30 - 16:30 |
COMPETITION AND REGULATION I (EEA)
Chairperson: Helder Valente, Faculdade de Economia da Universidade do Porto |
Room J-31 |
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FINANCIAL STRATEGIES IN MERGERS AND ACQUISITIONS: THE CASE OF REGULATED FIRMS
Helder Valente, Faculdade de Economia da Universidade do Porto |
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INDUSTRY CONCENTRATION AND WELFARE - ON THE USE OF STOCK MARKET EVIDENCE FROM HORIZONTAL MERGERS
Sven-Olof Fridolfsson, Research Institute of Industrial Economics Co-Author: Johan Stennek, Research Institutte of Industrial Economics |
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MERGERS AS AUCTIONS
Jrissy Motis Espejel, GREMAQ |
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MERGERS, DIVERSIFICATION AND FINANCIAL INTERMEDIATION
Flavio Toxvaerd, University of Cambridge |
| 14:30 - 16:30 |
INCENTIVES AND COMPENSATION (EEA)
Chairperson: Uwe Dulleck, University of Vienna and University of Linz |
Room J-41 |
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SATISFACTION GUARANTEED? MALPRACTICE AWARDS AND OTHER REMEDIES AGAINST MISDIAGNOSIS IN MARKETS FOR EXPERT SERVICES
Uwe Dulleck, University of Vienna and University of Linz Co-Author: Rudolf Kerschbamer, University of Innsbruck |
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THE OUTPUT, EMPLOYMENT AND PRODUCTIVITY EFFECTS OF PROFIT SHARING: A MATCHING APPROACH
Marija Ugarkovic, University of Dortmund Co-Author: Kornelius Kraft, University of Dortmund |
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COMPENSATION, INCENTIVES AND THE PRACTICE PATTERNS OF PHYSICIANS: THEORY AND EVIDENCE FROM MICRODATA
Bruce Shearer, Universite Laval Co-Author: Nicolas Jacquemet, CREST |
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(M)ORAL HAZARD?
Erik Grönqvist, Stockholm School of Economics |
| 14:30 - 16:30 |
LABOUR MARKET - EMPIRICAL STUDIES XI (EEA)
Chairperson: James McIntosh, Concordia University |
Room J-42 |
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WHAT DO TEST SCORES REALLY MEASURE?
James McIntosh, Concordia University Co-Author: Martin D. Munk, Danish National Institute of Social Research |
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ALCOHOL ABUSE AND TRUANCY AMONG ADOLESCENTS: THE ROLE OF THE PEER-EFFECTS
Rosa Duarte, University of Zaragoza Co-Authors: José-Julian Escario, University of Zaragoza and José-alberto Molina, UNIVERSITY OF ZARAGOZA |
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PARENTAL UNEMPLOYMENT AND YOUNG PEOPLE'S RIGHT-WING EXTREMISM: EVIDENCE FOR GERMANY
Thomas Siedler, DIW Berlin and ISER, University of Essex |
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INTERTEMPORAL CONSISTENCY OF PREDICTORS OF STUDENTS' PERFORMANCE IN ECONOMICS COURSES: BOOTSTRAPPING A STRUCTURAL EQUATION MODEL
Mark Trede, University of Munster Co-Author: Ansgar Richter, European Business School |
| 14:30 - 16:30 |
POLITICAL ECONOMY IX (EEA)
Chairperson: Mats Persson, Institute for International Economic Studies |
Room U-41 |
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ELECTORAL CAMPAIGN FINANCING: THE ROLE OF PUBLIC CONTRIBUTIONS AND PARTY’S IDEOLOGY
Mauricio Bugarin, IBMEC-São Paulo Co-Author: Adriana Portugal, UNIVERSITY OF BRASILIA |
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THE POLITICAL ECONOMY OF BELIEFS:
WHY FISCAL AND SOCIAL CONSERVATIVES AND LIBERALS COME HAND-IN-HAND
Jo Thori Lind, University of Oslo Co-Author: Daniel L. Chen, University of Chicago |
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A MODEL OF INCOME INSURANCE AND SOCIAL NORMS
Mats Persson, Institute for International Economic Studies Co-Author: Assar Lindbeck, Institute for International Economic Studies |
| 14:30 - 16:30 |
INTERNATIONAL FINANCE VIII (EEA)
Chairperson: Silvia Marchesi, University of Siena |
Room J-51 |
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DEALING WITH COUNTRY DIVERSITY: CHALLENGES FOR THE IMF COINSURANCE MODEL
Adrian Penalver, Bank of England Co-Authors: Gregor Irwin, Bank of England, Adrian Penalver, Bank of England and Chris Salmon, Bank of England |
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IMF CONCERN FOR REPUTATION AND CONDITIONAL LENDING FAILURE: THEORY AND EMPIRICS
Silvia Marchesi, University of Siena Co-Author: Laura Sabani, University of Florence |
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EXPLAINING POLICY VOLATILITY IN DEVELOPING COUNTRIES
Vatcharin Sirimaneetham, University of Bristol |
| 14:30 - 16:30 |
INDUSTRIAL ORGANISATION VIII (EEA)
Chairperson: Daniel Sgroi, University of Cambridge |
Room J-52 |
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OLIGOPOLISTIC COMPETITION AMONG INEQUITY AVERSE FIRMS
Luis Santos-Pinto, Universidade Nova de Lisboa |
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THE OPTIMAL CHOICE OF PRE-LAUNCH REVIEWER
Daniel Sgroi, University of Cambridge Co-Author: David Gill, Trinity College, University of Oxford |
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WHEN QUEUEING IS BETTER THAN PUSH AND SHOVE
Paul Schweinzer, University of Bonn Co-Author: Alex Gershkov, University of Bonn, Economic Theory II |
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VERTICAL INTEGRATION AND PRODUCT INNOVATION
Piercarlo Zanchettin, University of Leicester Co-Author: Mukherjee Arijit , School of Economics, University of Nottingham |
| 14:30 - 16:30 |
LABOUR MARKET - INSTITUTIONS AND PERFORMANCE VI (EEA)
Chairperson: Céline Choulet, EUREQua CES |
Room J-61 |
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LABOR MARKET FLOWS DYNAMICS WITH PUBLIC JOBS CREATION
Céline Choulet, EUREQua CES |
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THE CARING HAND THAT CRIPPLES: THE EAST GERMAN LABOR MARKET AFTER REUNIFICATION
Christian Merkl, Kiel Institute for the World Economy Co-Author: Dennis Snower, The Kiel Institute for the World Economy |
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DID PROGRESA SEND DROP-OUTS BACK TO SCHOOL?
Maria Nieves Valdes, UC3M-Madrid |
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UNEMPLOYMENT BENEFITS: BETWEEN EFFICIENCY AND EQUALITY
Audrey Desbonnet, EUREQua-Centre Economie Sorbonne |
| 14:30 - 16:30 |
MONETARY POLICY VIII (EEA)
Chairperson: Riccardo Cristadoro, Bank of Italy |
Room J-11 |
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NOMINAL RIGIDITIES IN AN ESTIMATED TWO COUNTRY DSGE MODEL
Riccardo Cristadoro, Bank of Italy Co-Authors: Andrea Gerali, Bank of Italy, Stefano Neri, Bank of Italy and Massimiliano Pisani, Bank of Italy |
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OPTIMAL SIMPLE MONETARY POLICY RULES AND
NON-ATOMISTIC WAGE SETTERS IN A NEW-KEYENESIAN
FRAMEWORK
Stefano Gnocchi, Universitat Pompeu Fabra |
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THE IMPACT OF ECB POLICY DECISIONS AND COMMUNICATION ON THE YIELD CURVE
Claus Brand, European Central Bank Co-Authors: Daniel Buncic, University of New South Wales, Sydney and Jarkko Turunen, European Central Bank |
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THE TERM STRUCTURE OF INFLATION RISK PREMIA AND MACROECONOMIC DYNAMICS
Oreste Tristani, ECB Co-Authors: Peter Hördahl, ECB and David Vestin, ECB |
| 14:30 - 16:30 |
ECONOMETRIC AND STATISTICAL METHODS (EEA)
Chairperson: Amil Petrin, University of Chicago |
Room J-62 |
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CONTROL FUNCTION CORRECTIONS FOR UNOBSERVED FACTORS IN DIFFERENTIATED PRODUCT MODELS
Amil Petrin, University of Chicago Co-Author: Kenneth Train, University of California, Berkeley |
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TESTING
IF THE HETEROGENEITY DISTRIBUTION OF A RANDOMIZED EXPERIMENT CHANGES
DURING THE EXPERIMENTAL PERIOD: A STATISTICAL ANALYSIS OF A SOCIAL
EXPERIMENT
Marcel Cristian Voia, Carleton University Co-Author: Ricardas Zitikis, University of Western Ontario |
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DIRECT SEMIPARAMETRIC ESTIMATION OF THE BINARY CHOICE MODEL WITH ENDOGENOUS REGRESSORS UNDER VARYING IDENTIFICATION CONDITIONS
Stefan Hoderlein, Mannheim |
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A MEASUREMENT ERROR ANALYSIS OF SURVEY DATA -- USING ADMINISTRATIVE DATA AS A VALIDATION SOURCE
Fredrik Johansson, Uppsala university |
| 14:30 - 16:30 |
BANKING IV (EEA)
Chairperson: Hendrik Hakenes, MPI for Research on Collective Goods |
Room U-47 |
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BANK WEAKNESS, LOAN SUPPLY AND MONETARY POLICY
Erlend Nier, Bank of England Co-Author: Lea Zicchino, Bank of England |
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EFFIICENCY VS. AGENCY MOTIVATIONS FOR BANK TAKEOVERS
Carmelo Salleo, Banca d'Italia |
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WHAT DETERMINES BANKS' MARKET POWER? AKERLOF VERSUS HERFINDAHL
Bent Vale, Norges Bank (central bank of Norway) Co-Authors: Moshe Kim, and Eirik Kristiansen, Norwegian School of Economics and Business |
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THE THREAT OF CAPITAL DRAIN: A RATIONALE FOR PUBLIC BANKS?
Hendrik Hakenes, MPI for Research on Collective Goods Co-Author: Isabel Schnabel, Max Planck Institute for Research on Collective Goods, Bonn |
| 14:30 - 16:30 |
RELIGION AND ETHNIC IDENTITY (EEA)
Chairperson: Orsolya Lelkes, European Centre for Social Welfare Policy and Research |
Room J-32 |
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DELIVER US FROM EVIL: RELIGION AS INSURANCE
Orsolya Lelkes, European Centre for Social Welfare Policy and Research Co-Author: Andrew E. Clark, PSE |
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ETHNIC IDENTITY AND SOCIAL CLASS
Erik Lindqvist, Stockholm School of Economics Co-Author: Robert Östling, Stockholm School of Economics |
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GOD IS IN THE DETAILS: A REEXAMINATION OF THE ROLE OF RELIGION IN ECONOMICGROWTH”
Andros Kourtellos, University of Cyprus Co-Authors: Steven Durlauf, University of Wisconsin and Chih Ming Tan, Tufts University |
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ECONOMIC CHALLENGES OF MULTILINGUAL SOCIETIES
Jan Fidrmuc, Economics and Finance and CEDI, Brunel University Co-Authors: Victor Ginsburgh, ECARES, Universite Libre de Bruxelles and Shlomo Weber, CORE, Universite Catholique de Lovain |
| 14:30 - 16:30 |
CONTRIBUTED SESSION 8
ESEM: Theoretical and Applied Economics |
| 14:30 - 16:30 |
COOPERATIVE GAME THEORY (ESEM TAE)
Chairperson: Pieter Ruys, Tilburg University |
Room U-42 |
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A NETWORKED APPROACH TO NASH BARGAINING WITH INTERDEPENDENT UTILITIES
Joan de Marti Beltran, Universitat Autonoma de Barcelona |
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A NOTE ON THE IMPOSSIBILITY OF A SATISFACTORY CONCEPT OF STABILITY FOR COALITION FORMATION GAMES
Anke Gerber, University of Zurich Co-Author: Salvador Barberà, Universitat Autonoma de Barcelona |
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NULL OR ZERO PLAYERS: THE DIFFERENCE BETWEEN THE SHAPLEY VALUE AND THE EGALITARIAN SOLUTION
Rene van den Brink, Free University Amsterdam |
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THE CONSENSUS VALUE FOR COOPERATIVE GAMES
Pieter Ruys, Tilburg University Co-Authors: Peter Borm, Tilburg University and Yuan Ju, Keele University |
| 14:30 - 16:30 |
FINANCIAL MARKETS III (ESEM TAE)
Chairperson: Maria Pacurar, Dalhousie University, School of Business Administration |
Room U-31 |
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AMERICAN DERIVATIVES IN DRY MARKETS
Ana Lacerda, Banco de Portugal Co-Author: Joao Amaro de Matos, Universidade Nova de Lisboa |
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GENERAL OPTION EXERCISE RULES, WITH APPLICATIONS TO EMBEDDED
OPTIONS AND MONOPOLISTIC EXPANSION
Svetlana Boyarchenko, University of Texas, Austin Co-Author: Sergei Levendorskii, University of Texas at Austin |
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INTRADAY VALUE AT RISK (IVAR) USING TICK-BY-TICK DATA WITH APPLICATION TO THE TORONTO STOCK EXCHANGE
Maria Pacurar, Dalhousie University, School of Business Administration Co-Authors: Georges Dionne, HEC Montreal and Pierre Duchesne, Universite de Montreal |
| 14:30 - 16:30 |
HIDDEN INFORMATION (ESEM TAE)
Chairperson: Axel Anderson, Georgetown University |
Room J-sem 10 |
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A MODEL OF MIXED SIGNALS WITH APPLICATIONS TO COUNTERSIGNALING AND THE GED
Humberto Moreira, Getulio Vargas Foundation Co-Authors: Aloisio Araujo, EPGE/FGV and IMPA and Daniel Gottlieb, MIT |
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EARLY PUBLIC INFORMATION IN MORAL HAZARD
François Larmande, EM-Lyon Business School |
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PUBLIC VS. PRIVATE OFFERS IN THE MARKET FOR LEMONS
Nicolas Vieille, HEC Paris Co-Author: Johannes Hoerner, Northwestern - Kellogg business school |
||
|
THE DURABLE INFORMATION MONOPOLIST.
Axel Anderson, Georgetown University Co-Author: Lones Smith, University of Michigan |
| 14:30 - 16:30 |
INDUSTRIAL ORGANIZATION III (ESEM TAE)
Chairperson: Roland Strausz, Free University of Berlin |
Room J-sem 20 |
|
BUNDLING AND FORECLOSURE
Tina Kao, The Australian National University Co-Author: Flavio Menezes, ANU and CRA International |
||
|
MIXED PRICE-QUANTITY COMPETITION WITH MULTI-PRODUCT
FIRMS
Alexander Konovalov, Innsbruck University Co-Author: Zsolt Sandor, Universidad Carlos III Madrid |
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|
MONOPOLY PRICING IN THE BINARY HERDING MODEL
Gerhard Orosel, University of Vienna Co-Authors: Subir Bose, University of Illinois at Urbana-Champaign, Marco Ottaviani, London Business School and Lise Vesterlund, University of Pittsburgh |
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|
PLANNED OBSOLESCENCE AND THE PROVISION OF UNOBSERVABLE QUALITY
Roland Strausz, Free University of Berlin |
| 14:30 - 16:30 |
LEARNING IN GAMES (ESEM TAE)
Chairperson: Christoph Kuzmics, MEDS Dept, Kellogg School of Management |
Room J-53 |
|
CONTAGION AND EFFICIENCY
Carlos Alos-Ferrer, Dept. of Economics, University of Konstanz Co-Author: Simon Weidenholzer, Dept. of Economics, University of Vienna |
||
|
LEARNING BY SIMILARITY IN GLOBAL GAMES
Jakub Steiner, Cerge-Ei Co-Author: Colin Stewart, Yale University |
||
|
LEARNING IN BAYESIAN GAMES WITH BINARY ACTIONS
Alan Beggs, Wadham College, Oxford University |
||
|
REFINED CONTINUOUS TIME FICTITIOUS PLAY
Christoph Kuzmics, MEDS Dept, Kellogg School of Management Co-Author: Josef Hofbauer, Department of Mathematics, University College London |
| 14:30 - 16:30 |
PUBLIC GOODS (ESEM TAE)
Chairperson: Stefan Behringer, Universität Frankfurt |
Room J-63 |
|
HETEROGENEITY AND CONSISTENCY OF BEHAVIOUR IN VOLUNTARY CONTRIBUTION ENVIRONMENTS
Laurent Muller, University of Manchester |
||
|
INFORMATIVE VOTING AND THE SAMUELSON RULE
Marco Sahm, LMU München Co-Author: Felix Bierbrauer, MPI Bonn |
||
|
SHARING THE COST OF A NON-RIVAL GOOD: A FAIR INCENTIVE-COMPATIBLE SOLUTION
Francois Maniquet, CORE (UCL) Co-Author: Yves Sprumont, University of Montreal |
||
|
THE PROVISION OF A PUBLIC GOOD WITH A DIRECT PROVISION TECHNOLOGY AND A LARGE NUMBER OF AGENTS
Stefan Behringer, Universität Frankfurt |
| 14:30 - 16:30 |
REGULATION (ESEM TAE)
Chairperson: Yolande Hiriart, University of Toulouse |
Room J-22 |
|
FIRM REGULATION AND PROFIT-SHARING: A REAL OPTION APPROACH
Paola Valbonesi, Dept. of Economics Co-Author: Moretto Michele, Univ. of Padova |
||
|
PARTIAL YARDSTICK REGULATION AND COLLUSION
Cecile Aubert, Universite Paris Dauphine, Eurisco Co-Author: Pouyet Jérome, Ecole Polytechnique |
||
|
RAMSEY AND REGULATED PRICES AND QUALITIES
Hugh Sibly, University of Tasmania |
||
|
THE PUBLIC MANAGEMENT OF ENVIRONMENTAL RISK:
SEPARATING EX ANTE AND EX POST MONITORS
Yolande Hiriart, University of Toulouse Co-Authors: David Martimort, University of Toulouse I and Jerome Pouyet, Ecole Polytechnique |
| 14:30 - 16:30 |
TECHNOLOGY AND TRANSITION (ESEM TAE)
Chairperson: Ian Babetskii, Czech National Bank |
Room U-23 |
|
BRIDGING THE THECHNOLOGY-GAP IN ECONOMIC TRANSITION, THE J-CURVE OF GROWTH AND UNEMPLOYMENT
Pascal Hetze, University of Rostock |
||
|
SUSTAINABILITY, FERTILITY DIFFERENTIALS AND DIRECTED TECHNOLOGICAL CHANGE
Andreas Schäfer, University of Zurich |
||
|
TECHNOLOGY CHOICE WITH EXTERNALITIES
- A GENERAL EQUILIBRIUM APPROACH
Luca V.A. Colombo, Catholic University - Milano Co-Author: Volker Boehm, Bielefeld University |
||
|
THE EFFECTS OF REFORM IN TRANSITION ECONOMIES:
A META REGRESSION ANALYSIS
Ian Babetskii, Czech National Bank Co-Author: Nauro Campos, Brunel Univ, CEPR, IZA and WDI |
| 14:30 - 16:30 |
ENDOGENOUS GROWTH (ESEM TAE)
Chairperson: Max Gillman, Cardiff University/ Central European U |
Room U-7 |
|
ANTI-COMPETITIVE CONDUCT, IN-HOUSE R&D, AND GROWTH
Thomas M. Steger, ETH Zurich Co-Author: Volker Grossmann, University of Fribourg, Dept. of Economics |
||
|
INDUSTRIAL TRANSFORMATION IN AN ENDOGENOUS GROWTH MODEL
Junko Doi , Kansai University |
||
|
OPTIMAL GROWTH THOUGH PRODUCT INNOVATION
Dale T Mortensen, Northwestern University Co-Author: Rasmus Lentz, University of Wisconsin-Madison |
||
|
THE INTERACTION OF INFLATION AND FINANCIAL DEVELOPMENT IN ENDOGENOUS GROWTH
Max Gillman, Cardiff University/ Central European U Co-Authors: Mark Harris, Monash University and Michal kejak, Center for Economic Research and Graduate Education |
| 14:30 - 16:30 |
INTERNATIONAL TRADE III (ESEM TAE)
Chairperson: Anu Kovarikova Arro, CERGE-EI |
Room U-30 |
|
ON CAPTURING RENT FROM A NON-RENEWABLE RESOURCE INTERNATIONAL MONOPOLY: A DYNAMIC GAME APPROACH
Santiago Rubio, University of Valencia |
||
|
VERTICAL INTEGRATION VERSUS OUTSOURCING IN INTERNATIONAL OLIGOPOLY
Dermot Leahy, University College Dublin Co-Author: Catia Montagna, University of Dundee |
||
|
VERTICAL SPECIALIZATION AND THE INEQUALITY OF NATIONS
Anu Kovarikova Arro, CERGE-EI |
| 14:30 - 16:30 |
CONTRIBUTED SESSION 8
ESEM: Econometrics and Empirical Economics |
| 14:30 - 16:30 |
BUSINESS CYCLES: EMPIRICAL (ESEM EEE)
Chairperson: Silvia Sgherri, European Central Bank and International Monetary Fund |
Room U-28 |
|
A SPECTRAL ANALYSIS OF BUSINESS CYCLE PATTERNS
IN UK SECTORAL OUTPUT
Peijie Wang, University of Hull |
||
|
ASSESSING FINANCIAL CONTAGION IN THE INTERBANK MARKET. A COMPARISON BETWEEN ESTIMATED AND OBSERVED BILATERAL EXPOSURES
Paolo Emilio Mistrulli, Bank of Italy |
||
|
COMMON FACTORS IN LATIN AMERICA'S BUSINESS CYCLES
Luis Catão, International Monetary Fund Co-Authors: Marco Aiolfi, Bocconi University and Timmermann Allan, University of California, San Diego |
||
|
UNOBSERVED COMPONENTS OF ITALY'S PRODUCTIVITY PUZZLE
Silvia Sgherri, European Central Bank and International Monetary Fund |
| 14:30 - 16:30 |
DISCRETE AND LIMITED-DEPENDENT VARIABLES (ESEM EEE)
Chairperson: Mohammad Moudud Alam, Dalarna University |
Room J-15 |
|
COMPUTATIONALLY FEASIBLE ESTIMATION OF THE COVARIANCE STRUCTURE
IN GENERALIZED LINEAR MIXED MODELS (GLMM)
Mohammad Moudud Alam, Dalarna University Co-Author: Kenneth Carling, Dalarna University |
||
|
DECONVOLUTING PREFERENCES AND ERRORS: A SEMI-NONPARAMETRIC MODEL FOR BINOMIAL PANEL DATA
Mogens Fosgerau, Danish Transport Research Co-Author: Søren Feodor Nielsen, Institute for Mathematical Sciences, University of Copenhagen |
||
|
MODELLING TOBACCO CONSUMPTION WITH A ZERO-IN‡ATED ORDERED PROBIT MODEL
Mark Harris, Monash University Co-Author: Xueyan Zhao, Monash University |
||
|
PENALIZED BINARY CHOICE ESTIMATORS WITH IMPROVED PREDICTIVE FIT
Douglas Miller, University of Missouri |
| 14:30 - 16:30 |
EMPIRICAL FINANCE 5 (ESEM EEE)
Chairperson: Jason Allen, Bank of Canada |
Room J-33 |
|
ESTIMATING PROBABILITIES OF DEFAULT WITH SUPPORT VECTOR MACHINES
Rouslan Moro, German Institute for Economic Research and Humboldt University, Berlin Co-Authors: Wolfgang K. Härdle, CASE - Center for Applied Statistics and Economics, Humboldt-Universität zu Berlin and Dorothea Schaefer, DIW-Berlin |
||
|
NON-INTEREST INCOME AND U.S. BANK STOCK RETURNS
Jason Allen, Bank of Canada |
||
|
OPTION PRICING WITH MODULAR NEURAL NETWORKS
Nikola Gradojevic, Faculty of Business Administration, Lakehead University Co-Authors: Ramazan Gençay, Simon Fraser University and Dragan Kukolj, University of Novi Sad |
||
|
TESTING PROBABILITY CALIBRATION FOR CREDIT SCORING MODELS
Andreas Bloechlinger, Credit Suisse |
| 14:30 - 16:30 |
ESTIMATION (ESEM EEE)
Chairperson: Thanasis Stengos, University of Guelph |
Room J-12 |
|
FRACTILE REGRESSION AND ITS APPLICATIONS
Aurobindo Ghosh, Singapore Management University Co-Author: Anil Bera, University of Illinois |
||
|
ON THE LIMITING AND EMPIRICAL DISTRIBUTION OF IV
ESTIMATORS WHEN SOME OF THE INSTRUMENTS ARE INVALID
Jerzy Niemczyk, University of Amsterdam Co-Author: Jan Kiviet, Amsterdam |
||
|
PARTIALLY ADAPTIVE ESTIMATION VIA MAXIMUM ENTROPY DENSITIES
Thanasis Stengos, University of Guelph Co-Author: Ximing Wu, Texas A@M University |
||
|
PROPERTIES OF MINIMUM DIVERGENCE ESTIMATORS
Giuseppe Ragusa, Rutgers University |
| 14:30 - 16:30 |
HETEROSKEDASTICITY AND AUTOCORRELATION (ESEM EEE)
Chairperson: Christian Hafner, Université catholique de Louvain |
Room J-14 |
|
GENERALIZED VARIANCE RATIO TESTS IN THE PRESENCE OF STATISTICAL DEPENDENCE
Periklis Kougoulis, University of Essex Co-Authors: Jerry Coakley, University of Essex and John C. Nankervis, University of Essex |
||
|
TESTING FOR ADDITIVE OUTLIERS IN THE PRESENCE OF CONDITIONAL HETEROSKEDASTICITY OF UNKNOWN FORM
Marcos Sanso-Navarro, Universidad de Zaragoza Co-Author: Antonio Montañés, Universidad de Zaragoza |
||
|
TESTING FOR VECTOR AUTOREGRESSIVE DYNAMICS UNDER HETEROSKEDASTICITY
Christian Hafner, UCLouvain la Neuve Co-Author: Helmut Herwartz, Institute of Statistics and Econometrics, University of Kiel |
||
|
INFERENCE AND THICK TAILS: SOME SURPRISING RESULTS
Carlo V. Fiorio, university of milan |
| 14:30 - 16:30 |
IDENTIFICATION AND WEAK INSTRUMENTS (ESEM EEE)
Chairperson: Tiemen M Woutersen, Johns Hopkins University |
Room U-33 |
|
A SIMPLE WAY TO CALCULATE CONFIDENCE INTERVALS FOR PARTIALLY IDENTIFIED PARAMETERS
Tiemen M Woutersen, Johns Hopkins University |
||
|
ESTIMATING FINANCIAL CONTAGION USING INSTRUMENTAL VARIABLES
Andreas Pick, De Nederlandsche Bank |
||
|
NON-PARAMETRIC BOUNDS ON QUANTILES UNDER MONOTONICITY ASSUMPTIONS. AN APPLICATION TO THE ITALIAN EDUCATION RETURNS
Pamela Giustinelli, Northvestern University - Economics |
||
|
T-TESTS IN A STRUCTURAL EQUATION WITH MANY INSTRUMENTS
Yukitoshi Matsushita, University of Tokyo |
| 14:30 - 16:30 |
LONG MEMORY 3 (ESEM EEE)
Chairperson: Juan J. Dolado, Universidad Carlos III |
Room U-32 |
|
LIKELIHOOD BASED TESTING FOR FRACTIONAL COINTEGRATION
Katarzyna Lasak, Universitat Autonoma de Barcelona |
||
|
LONG MEMORY AND THE TERM STRUCTURE OF RISK
Rolf Tschernig, University of Regensburg Co-Authors: Jan Budek, LIFE, Maastricht University and Peter Schotman, Maastricht University |
||
|
THE PERSISTENCE OF REAL EXCHANGE RATE AND THE PPP PUZZLE
Laura Mayoral, University Pompeu Fabra Co-Authors: Maria Dolores Gadea, University of Zaragoza and Sabate Marcela, University of Zaragoza |
||
|
WHAT IS WHAT?: A SIMPLE TIME-DOMAIN TEST OF LONG MEMORY VS. I(0) UNDER STRUCTURAL BREAKS.
Juan J. Dolado, Universidad Carlos III |
| 14:30 - 16:30 |
REGIME SWITCHING (ESEM EEE)
Chairperson: Monica Billio, Dipartimento di scienze economiche, Università di Venezia |
Room U-16 |
|
GRANGER-CAUSALITY IN MARKOV SWITCHING MODELS
Monica Billio, Dipartimento di scienze economiche, Università di Venezia Co-Author: Silvestro Di Sanzo, Universidad de Alicante |
||
|
IMPULSE-RESPONSE ANALYSIS IN MARKOV SWITCHING VECTOR AUTOREGRESSIVE MODELS
Hans-Martin Krolzig, University of Kent |
||
|
MULTIVARIATE GENERALIZATIONS OF THE MARKOV-SWITCHING MODEL
Mohamad Khaled, University of Paris I |
||
|
OPTIMAL TEST FOR STOCHASTIC UNIT ROOT WITH MARKOV SWITCHING
Liang Hu, Leeds University Business School |
| 14:30 - 16:30 |
SIMULATION BASED ESTIMATION (ESEM EEE)
Chairperson: Dennis Kristensen, Columbia University |
Room J-34 |
|
BOOTSTRAPPING SYSTEMS COINTEGRATION TESTS WITH A PRIOR ADJUSTMENT FOR DETERMINISTIC TERMS
Carsten Trenkler, Humboldt University Berlin |
||
|
ESTIMATION OF HIDDEN MARKOV MODELS WITH NONPARAMETRIC SIMULATED MAXIMUM LIKELIHOOD
Dennis Kristensen, Columbia University Co-Author: Yongseok Shin, University of Wisconsin-Madison |
||
|
IMPROVING MCMC USING EFFICIENT IMPORTANCE SAMPLING
Roman Liesenfeld, Christian-Albrecht- Universität Kiel Co-Author: Jean-Francois Richard, University of Pittsburgh |
||
|
NEW SMALL START-UPS DYNAMICS WITH ENDOGENOUS INITIAL CAPITAL, BANK LOAN AND PUBLIC AIDS.
Thierry Kamionka, CNRS and CREST Co-Author: Konstantin Arshakuni, |
| 14:30 - 16:30 |
TREATMENT EFFECTS AND PROGRAM EVALUATION 4 (ESEM EEE)
Chairperson: Robert Voelter, Goethe-University Frankfurt |
Room J-43 |
|
GET TRAINING OR WAIT? LONG-RUN EMPLOYMENT EFFECTS OF TRAINING PROGRAMS FOR THE UNEMPLOYED IN GERMANY
Robert Voelter, Goethe-University Frankfurt Co-Authors: Bernd Fitzenberger, Goethe-University Frankfurt and Aderonke Osikominu, Johann Wolfgang Goethe-University |
||
|
REFORM OF UNEMPLOYMENT COMPENSATION IN GERMANY: A NONPARAMETRIC BOUNDS ANALYSIS USING REGISTER DATA
Ralf Wilke, ZEW Mannheim Co-Author: Simon Lee, UCL |
||
|
TAKING A NEW LOOK AT EMPIRICAL MODELS OF ADOPTION: AVERAGE TREATMENT EFFECT ESTIMATION OF ADOPTION RATES AND THEIR DETERMINANTS
Aliou Diagne, Africa Rice Center (WARDA) |
||
|
EDUCATION AND THE TIMING OF BIRTHS: EVIDENCE FROM A NATURAL EXPERTIMENT IN ITALY
Margherita Fort, Department of Statistical Sciences |
| 14:30 - 16:30 |
VOLATILITY 2 (ESEM EEE)
Chairperson: Feike C Drost, CentER, Tilburg University |
Room J-44 |
|
A DISCRETE-TIME MODEL FOR DAILY S&P500 RETURNS AND REALIZED VARIATIONS: JUMPS AND LEVERAGE EFFECTS
Christian Pigorsch, University of Munich Co-Authors: Tim Bollerslev, Department of Economics, Duke University, Uta Kretschmer, University of Bonn and George Tauchen, Department of Economics, Duke University |
||
|
CONDITIONAL CORRELATION AND DIFFERENT SOURCES OF VOLATILITY
INTERNATIONAL EQUITY MARKET EVIDENCE
Johan Knif, Hanken, Swedish School of Economics and Business Administration Co-Authors: James Kolari, Texas A&M University, Mays Business School and Seppo Pynnönen, University of Vaasa |
||
|
NONPARAMETRIC RISK-NEUTRAL RETURN AND VOLATILITY DISTRIBUTIONS
Feike C Drost, CentER, Tilburg University Co-Authors: Mark-Jan Boes, and Bas J.M. Werker, |
||
|
VOLATILITY FORECAST EVALUATION AND COMPARISON USING IMPERFECT VOLATILITY PROXIES
Andrew Patton, London School of Economics |
| 16:30 - 17:00 | COFFEE BREAK |
| 17:00 - 19:00 |
CONTRIBUTED SESSION 9
EEA |
| 17:00 - 19:00 |
BEHAVIOURAL ECONOMICS IV (EEA)
Chairperson: Klaus M. Schmidt, University of Munich |
Room U-21 |
|
FAIRNESS AND CONTRACT DESIGN
Klaus M. Schmidt, University of Munich Co-Authors: Ernst Fehr, University of Zurich and Alexander Klein, University of Munich |
||
|
A SIMPLE MODEL OF SELF-ASSESSMENTS
Silvia Dominguez Martinez, Erasmus University Rotterdam Co-Author: Otto H. Swank, Erasmus University Rotterdam |
||
|
GIVE MORE TOMORROW: EVIDENCE FROM A RANDOMIZED FIELD EXPERIMENT
Anna Breman, Stockholm School of Economics |
||
|
THE RELEVANCE AND IMPLICATIONS OF IMPERFECT SELF-KNOWLEDGE FOR SEARCH
David Huffman, IZA, Bonn Co-Authors: Armin Falk, University of Bonn and Uwe Sunde, IZA |
| 17:00 - 19:00 |
ECONOMICS OF EDUCATION II (EEA)
Chairperson: Anna Sjögren, Research institute of Industrial Economics |
Room J-62 |
|
PEERS AND CULTURE
Anna Sjögren, Research institute of Industrial Economics Co-Author: María Sáez-Martí, Research Institute of Industrial Economics |
||
|
PEER EFFECTS IN PRIMARY SCHOOL: EVIDENCE FROM AGE VARIATION
Bjarne Strom, Norwegian University of Science and Technology Co-Author: Sofia Sandgren, |
||
|
PEER EFFECTS IN EUROPEAN PRIMARY SCHOOLS: EVIDENCE FROM PIRLS
Andreas Ammermueller, ZEW, Mannheim Co-Author: Joern-Steffen Pischke, LSE |
||
|
PEER EFFECTS, SOCIAL MULTIPLIERS AND MIGRANTS AT SCHOOL: AN INTERNATIONAL COMPARISON
Horst Entorf, Co-Author: Martina Lauk, Darmstadt University of Technology |
| 17:00 - 19:00 |
WELFARE STATE PROGRAMMES (EEA)
Chairperson: Francesca Mazzolari, Rutgers University |
Room J-61 |
|
PRIVATE WEALTH AND PUBLIC UNEMPLOYMENT INSURANCE
Tim Mennel, Center for European Economic Research (ZEW) |
||
|
SIZE MATTERS: POVERTY REDUCTION EFFECTS OF MEANS-TESTED VERSUS UNIVERSAL CHILD BENEFITS IN RUSSIA
Geranda Notten, Faculty of Economics & Business Administration, University of Maastricht Co-Author: Franziska Gassmann, Maastricht Graduate School of Governance |
||
|
WELFARE USE WHEN APPROACHING THE TIME LIMIT
Francesca Mazzolari, Rutgers University |
||
|
HEAD START, FOUR YEARS AFTER COMPLETING THE PROGRAM
Young-Joo Kim, University of Wisconsin-Madison |
| 17:00 - 19:00 |
EMPIRICAL MACROECONOMICS III (EEA)
Chairperson: Gert Peersman, Ghent University |
Room J-52 |
|
PUTTING THE NEW KEYNESIAN MODEL TO A TEST: AN SVAR ANALYSIS WITH DSGE PRIORS
Gert Peersman, Ghent University Co-Author: Roland Straub, IMF |
||
|
EVALUATING AN ESTIMATED NEW KEYNSIAN SMALL OPEN ECONOMY MODEL
Malin Adolfson, Sveriges Riksbank Co-Authors: Stefan Laséen, Sveriges Riksbank, Jesper Lindé, Sveriges Riksbank and Mattias Villani, Sveriges Riksbank |
||
|
FORECASTING THE YIELD CURVE IN A DATA-RICH ENVIRONMENT: A NO-ARBITRAGE FACTOR-AUGMENTED VAR APPROACH
Emanuel Moench, Humboldt University Berlin |
| 17:00 - 19:00 |
GAME THEORY II (EEA)
Chairperson: Lars Peter Østerdal, University of Copenhagen |
Room J-51 |
|
MERGING AND SPLITTING IN COOPERATIVE GAMES: SOME (IM)POSSIBILITY RESULTS
Lars Peter Østerdal, University of Copenhagen Co-Author: Peter Holch Knudsen, Department of Economics, University of Copenhagen |
||
|
COORDINATION CYCLES
Jakub Steiner, Cerge-Ei |
||
|
RATIONAL INFORMATION DISCLOSURE IN GAMES WITH INCOMPLETE INFORMATION
Giuseppe Giulio Luca Cappelletti , IMQ - Bocconi University |
| 17:00 - 19:00 |
MACROECONOMICS WITH HETEROGENOUS AGENTS (EEA)
Chairperson: Jouko Ylä-Liedenpohja, University of Tampere |
Room U-46 |
|
NORDIC DUAL INCOME TAXATION OF ENTREPRENEURS
Jouko Ylä-Liedenpohja, University of Tampere Co-Authors: Vesa Kanniainen, University of Helsinki and Seppo Kari, Government Institute for Economic Research |
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|
LEARNING, LIFE-CYCLE AND ENTREPRENEURIAL INVESTMENT
Claudio Campanale, University of Alicante |
||
|
LIMITED RECIPROCITY: AN OPTIMAL SOCIAL INSTITUTION
Guilherme Carmona, Universidade Nova de Lisboa |
||
|
THE LABOR INCOME OF STOCKHOLDERS AND NONSTOCKHOLDERS - IMPLICATIONS FOR STOCK PRICES OF INCREASING INEQUALITY
Karl Walentin, Sveriges Riksbank |
| 17:00 - 19:00 |
EXCHANGE RATES IV (EEA)
Chairperson: Tim Worrall, Keele University |
Room U-41 |
|
CURRENCY AREAS AND INTERNATIONAL ASSISTANCE
Tim Worrall, Keele University Co-Author: Pierre M Picard, SoSS University of Manchester, CORE UCL |
||
|
A QUANTITATIVE ANALYSIS OF FEDERAL FISCAL TRANSFERS IN MONETARY UNIONS
Michael Paul Evers, Center for European Integration Studies, Bonn |
||
|
REGIONAL INFLATION DYNAMICS WITHIN AND ACROSS EURO AREA
COUNTRIES AND A COMPARISON WITH THE US
Kirstin Hubrich, Research Department, European Central Bank Co-Authors: Guenter Beck, Goethe Universitaet Frankfurt and Massimiliano Marcellino, IEP Bocconi University, IGIER and CEPR |
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|
REAL EQUILIBRIUM EXCHANGE RATES OF THE NEW EU MEMBER COUNTRIES: IMPLICATIONS OF THE NATREX APPROACH
Isabell Koske, WHU - Otto Beisheim School of Management Co-Author: Michael Frenkel, WHU - Otto Beisheim School of Management |
| 17:00 - 19:00 |
FINANCIAL MARKETS V (EEA)
Chairperson: Martin T. Bohl, Westfälische Wilhelms-University Münster |
Room U-34 |
|
INSTITUTIONAL INVESTORS AND STOCK MARKET EFFICIENCY: THE CASE OF THE JANUARY ANOMALY
Martin T. Bohl, Westfälische Wilhelms-University Münster Co-Authors: Katrin Gottschalk, European University Viadrina, Harald Henke, European University Viadrina and Rozália Pál, European University Viadrina |
||
|
DOES THE STOCK MARKET VALUE BANK DIVERSIFICATION?
Olivier De Jonghe, Ghent University Co-Authors: Lieven Baele, Tilburg University and Rudi Vander Vennet, Ghent University |
||
|
WHO BECOMES A STOCKHOLDER? EXPECTATIONS, SUBJECTIVE UNCERTAINTY, AND ASSET ALLOCATION
Gabor Kezdi, Central European University Co-Author: Robert J. Willis, Univeristy of Michigan |
| 17:00 - 19:00 |
INTERNATIONAL TRADE VI (EEA)
Chairperson: Santiago Rubio, University of Valencia |
Room U-50 |
|
FOREIGN MONOPOLIES AND TARIFF AGREEMENTS UNDER INTEGRATED MARKETS
Santiago Rubio, University of Valencia Co-Author: Dolores Alepuz, University of Valencia |
||
|
TRADE LIBERALIZATION AND INDUSTRIAL RESTRUCTURING THROUGH MERGERS AND ACQUISITIONS
Holger Breinlich, London School of Economics |
||
|
TRADE, HUMAN CAPITAL AND LABOUR MARKET ADJUSTMENT
Joana Silva, University of Nottingham Co-Authors: Rod Falvey, University of Nottingham and David Greenaway, University of Nottingham |
| 17:00 - 19:00 |
AUCTIONS II (EEA)
Chairperson: Evzen Kocenda, CERGE-EI |
Room J-31 |
|
WHEN LEARNING PAYS: EVIDENCE FROM NATURALLY-OCCURRING AUCTIONS
Evzen Kocenda, CERGE-EI Co-Author: Jan Hanousek, CERGE-EI |
||
|
OPTIMAL CONCESSION OF WATER SERVICES UNDER COMMON VALUE
Cecile Aubert, Universite Paris Dauphine, Eurisco Co-Authors: Philippe Bontems, University of Toulouse (INRA, IDEI) and François Salanié, LEERNA Toulouse |
||
|
OPTIMAL BIDDING IN VARIABLE RATE TENDERS WITH COLLATERAL REQUIREMENTS
Natacha Valla, Banque de France / ECB Co-Authors: Nuno Cassola, and Christian Ewerhart, |
| 17:00 - 19:00 |
ASSET PRICES AND LIQUIDITY II (EEA)
Chairperson: Wolf Wagner, Cambridge University and Tilburg University |
Room U-48 |
|
INTERBANK DIVERSIFICATION AND STABILITY
Wolf Wagner, Cambridge University and Tilburg University |
||
|
EXCESSIVE RISK TAKING AND THE MATURITY STRUCTURE OF DEBT
Bertrand Djembissi, GREMAQ University of Toulouse 1 |
||
|
EQUILIBRIUM BID-ASK SPREAD OF EUROPEAN DERIVATIVES IN DRY MARKETS
Ana Lacerda, Banco de Portugal Co-Author: Joao Amaro de Matos, Universidade Nova de Lisboa |
| 17:00 - 19:00 |
COMPETITION AND REGULATION II (EEA)
Chairperson: Sonja Opper, Lund University |
Room J-13 |
|
STATE BUREAUCRATIC PERFORMANCE AND THE CORPORATION
Sonja Opper, Lund University Co-Author: Victor Nee, Cornell University |
||
|
COMPETITION POLICY AND INNOVATION
Aamir Hashmi, National University of Singapore and University of Toronto |
||
|
REGULATORY POLICIES IN MOBILE TELECOMMUNICATIONS
Thomas Tangerås, Research Institute of Industrial Economics Co-Author: Johan Stennek, Research Institutte of Industrial Economics |
||
|
REGULATING NATIONAL FIRMS IN A COMMON MARKET
Sara Biancini, Université Toulouse I |
| 17:00 - 19:00 |
ECONOMIC GEOGRAPHY III (EEA)
Chairperson: Jesus Lopez-Rodriguez, University of A Coruna |
Room J-17 |
|
REGIONAL INCOME DISPARITIES IN EUROPE: WHAT ROLE FOR LOCATION?
Jesus Lopez-Rodriguez, University of A Coruna Co-Author: J. Andres Faina Medin, University of A Coruna |
||
|
HOME MARKET EFFECT AND REGULATION COSTS. HOMOGENEOUS AND HETEROGENEOUS FIRM TRADE MODELS
Vincent Rebeyrol, CES, université Paris I Panthéon-Sorbonne, CNRS Co-Author: Toshihiro Okubo, graduate institute of international studies |
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SELF-SELECTION AND THE RETURNS TO GEOGRAPHIC MOBILITY: WHAT CAN BE LEARNED FROM THE GERMAN UNIFICATION "EXPERIMENT"
Anzelika Zaiceva, European University Institute |
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A CENTURY OF SHOCKS: THE EVOLUTION OF THE GERMAN CITY SIZE DISTRIBUTION 1925-1999
Maarten Bosker, Utrecht University Co-Authors: Steven Brakman, Groningen University, Harry Garretsen, Utrecht University and Marc Schramm, Utrecht University |
| 17:00 - 19:00 |
EDUCATION AND WELFARE PROGRAMS II (EEA)
Chairperson: Viktor Steiner, DIW Berlin |
Room J-42 |
|
DOES MORE GENEROUS STUDENT AID INCREASE ENROLMENT RATES INTO HIGHER EDUCATION?
EVALUATING THE GERMAN STUDENT AID REFORM OF 2001
Viktor Steiner, DIW Berlin Co-Author: Hans J. Baumgartner, DIW Berlin |
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DOES THE QUALITY OF PUBLIC EDUCATION AFFECT PRIVATE SCHOOL DEMAND?
Inger Munk, London School of Economics |
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SPECIALIZATION IN HIGHER EDUCATION
Sinan Sarpça, Koc University |
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THE EFFECT OF AFFIRMATIVE ACTION IN UNIVERSITY ADMISSION ON HIGH SCHOOL STUDENTS' PROFICIENCY
Juliano Assuncao, Department of Economics, PUC-Rio Co-Author: Bruno Ferman, Department of Economics, PUC-Rio |
| 17:00 - 19:00 |
LABOUR MARKET - EMPIRICAL STUDIES XII (EEA)
Chairperson: Betsey Stevenson, Assistant Professor |
Room U-24 |
|
IMPROVED ON-THE-JOB SEARCH? THE INTERNET AND EMPLOYER-TO-EMPLOYER FLOWS
Betsey Stevenson, Assistant Professor |
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HETEROGENEITY OF THE UNEMPLOYMENT INSURANCE SYTEM: LAZYNESS OR SIMPLY INCOME EFFECTS?
Mário Centeno, Banco de Portugal Co-Author: Alvaro Novo, Banco de Portugal |
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INCENTIVISING EMPLOYERS TO TRAIN LOW-SKILLED WORKERS: EVIDENCE FROM THE UK EMPLOYER TRAINING PILOTS
Erich Battistin, Università di Padova Co-Authors: Laura Abramovsky, Institute for Fiscal Studies and University College London, Emla Fitzsimons, The Institute for Fiscal Studies, Alissa Goodman, The Institute for Fiscal Studies and Helen Simpson, The Institute for Fiscal Studies |
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|
NON-WAGE BENEFITS, COSTS OF TURNOVER AND LABOR ATTACHMENT: EVIDENCE FROM RUSSIAN FIRMS
Tuuli Juurikkala, Bank of Finland Co-Author: Olga Lazareva, CEFIR |
| 17:00 - 19:00 |
POLITICAL ECONOMY X (EEA)
Chairperson: Justin Wolfers, University of Pennsylvania |
Room J-11 |
|
PARTISAN IMPACTS ON THE ECONOMY: EVIDENCE FROM PREDICTION MARKETS AND CLOSE ELECTIONS
Justin Wolfers, University of Pennsylvania Co-Authors: Erik Snowberg, Stanford University and Eric Zitzewitz, Stanford GSB |
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|
DISTRICTS, PARTY DISCIPLINE, AND POLARIZATION
Micael Castanheira, ECARES (ULB ) Co-Author: Benoit Crutzen, Erasmus School of Economics |
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|
POLITICAL RENTS IN A NON-CORRUPT DEMOCRACY
Jonas Vlachos, Stockholm School of Economics Co-Author: Helena Svaleryd, The Reseach Institute of Industrial Economics |
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|
WHAT CAUSES CORRUPTION LEVELS TO CHANGE? THE IMPACT OF BROAD POLICY REFORMS
Anders Olofsgard, Georgetown University |
| 17:00 - 19:00 |
INDUSTRIAL ORGANISATION IX (EEA)
Chairperson: Tuomas Takalo, Bank of Finland |
Room U-47 |
|
EXPERTS VS. DISCOUNTERS: CONSUMER FREE RIDING AND EXPERTS WITHHOLDING ADVICE IN MARKETS FOR CREDENCE GOODS
Rudolf Kerschbamer, University of Innsbruck Co-Author: Uwe Dulleck, University of Vienna and University of Linz |
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|
PATENTS HINDER COLLUSION
Klaus Kultti, University of Helsinki Co-Authors: Tuomas Takalo, Bank of Finland and Juuso Toikka, Stanford University |
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|
CAN MINIMUM PRICES ASSURE THE QUALITY OF PROFESSIONAL SERVICES?
Reimund Schwarze, DIW Berlin Co-Authors: Georg Meran, DIW Berlin and Reimund Schwarze, DIW Berlin |
| 17:00 - 19:00 |
ECONOMICS OF CRIME (EEA)
Chairperson: Giulio Fella, Queen Mary, University of London |
Room J-41 |
|
EDUCATION AND CRIME OVER THE LIFE CYCLE
Giulio Fella, Queen Mary, University of London Co-Author: Gallipoli Giovanni , University College London |
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|
HARD DRUGS ADDICTION, DRUG VIOLATIONS AND PROPERTY CRIMES IN THE US
Marco Cozzi, UCL and UPENN |
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|
THE SCOPE OF PUNISHMENT: AN ECONOMIC THEORY OF HARM-BASED VS. ACT-BASED SANCTIONS
Marie Obidzinski, BETA - Université de Nancy 2, CNRS Co-Author: Nuno Garoupa, Universidade Nova de Lisboa and CEPR, London |
| 17:00 - 19:00 |
LABOUR MARKET - INSTITUTIONS AND PERFORMANCE VII (EEA)
Chairperson: Winfried Koeniger, IZA, University of Bonn |
Room J-18 |
|
EMPLOYMENT PROTECTION, PRODUCT MARKET REGULATION AND FIRM SELECTION
Winfried Koeniger, IZA, University of Bonn Co-Author: Julien Prat, University of Vienna |
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|
THE LABOR EFFECTS OF PRODUCT MARKET DEREGULATION: EVIDENCE FROM US CLASS I RAILROADS, 1981 TO 2001
Laura Padilla, University of Toulouse Co-Authors: guido friebel , universite de toulouse and gerard mccullough, University of Minnesota |
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|
PRODUCT MARKET REFORMS, LABOUR MARKET INSTITUTIONS AND EMPLOYMENT
Gareth Macartney, University College London Co-Authors: Rachel Griffith, Institute for Fiscal Studies and Rupert Harrison, Institute for Fiscal Studies and University College London |
| 17:00 - 19:00 |
MONETARY POLICY IX (EEA)
Chairperson: Giovanni Di Bartolomeo, Dipartimento di Economis pubblica - Università di Roma "La Sapienza" |
Room J-16 |
|
MONETARY POLICY UNDER RULE-OF-THUMB CONSUMERS AND EXTERNAL HABITS: AN INTERNATIONAL EMPIRICAL COMPARISON
Giovanni Di Bartolomeo, Dipartimento di Economis pubblica - Università di Roma "La Sapienza" |
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|
MONEY AND THE GREAT DISINFLATION
Reynard Samuel, Swiss National Bank |
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|
SHORT-RUN AND LONG-RUN CAUSALITY BETWEEN MONEY AND STOCK PRICES
David Tessier, Bank of Canada Co-Author: Jean-Marie Dufour, Universite de Montreal |
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|
UNIONS, WAGE SETTING AND MONETARY POLICY UNCERTAINTY
Bernd Hayo, Philipps-University Marburg Co-Authors: Hans-Peter Grüner, University of Mannheim and Carsten Hefeker, University of Siegen |
| 17:00 - 19:00 |
GLOBALIZATION AND GROWTH (EEA)
Chairperson: Thomas M. Steger, ETH Zurich |
Room J-32 |
|
DOES FINANCIAL INTEGRATION SPUR ECONOMIC GROWTH? NEW EVIDENCE FROM THE FIRST ERA OF FINANCIAL GLOBALIZATION
Thomas M. Steger, ETH Zurich Co-Author: Moritz Schularick, FU Berlin |
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|
GLOBALIZATION WITH LABOR MARKET FRICTIONS AND NON-SCALE GROWTH
Wolf-Heimo Grieben, University of Konstanz |
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|
OPENNESS, INSTITUTIONS AND FINANCIAL DEVELOPMENT
Panicos Demetriades, University of Leicester Co-Author: Siong Hook Law, University Putra Malaysia |
| 17:00 - 19:00 |
EXPERIMENTAL ECONOMICS IV (EEA)
Chairperson: Rupert Sausgruber, University of Innsbruck |
Room J-21 |
|
TRUST ON THE STREETS - A NATURAL FIELD EXPERIMENT ON NEWSPAPER PURCHASING
Rupert Sausgruber, University of Innsbruck Co-Author: Gerald Pruckner, University of Linz |
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|
THE ELASTICITY OF TRUST: EVIDENCE FROM KUWAIT, OMAN, SWITZERLAND, THE UNITED ARAB EMIRATES AND THE UNITED STATE
Benedikt Herrmann, University of Nottingham Co-Authors: Bohnet Iris, and Zeckhauser Richard, |
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|
TRUST AND THE CITY
Christian Zehnder, University of Zurich Co-Author: Armin Falk, University of Bonn |
| 17:00 - 19:00 |
CONTRIBUTED SESSION 9
ESEM: Theoretical and Applied Economics |
| 17:00 - 19:00 |
APPLIED MACROECONOMICS (ESEM TAE)
Chairperson: Joachim Wagner, University of Lueneburg |
Room U-7 |
|
EXOGENOUS OIL SUPPLY SHOCKS: HOW BIG ARE THEY AND HOW MUCH DO THEY MATTER FOR THE U.S. ECONOMY?
Lutz Kilian, University of Michigan |
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|
THRESHOLD EFFECTS IN THE PUBLIC CAPITAL PRODUCTIVITY: AN INTERNATIONAL PANEL SMOOTH TRANSITION APPROACH
Christophe Hurlin, LEO, University of Orleans Co-Author: Gilbert Colletaz, LEO, University of Orleans |
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|
UNINSURED EARNINGS RISK AND HOUSEHOLD BORROWING: THE 1970S VS THE 1990S
Matteo Iacoviello, Boston College Co-Author: Marina Pavan, Boston College |
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|
WORKS COUNCILS, LABOR PRODUCTIVITY AND PLANT HETEROGENEITY: EVIDENCE FROM QUANTILE REGRESSION
Joachim Wagner, University of Lueneburg Co-Authors: John T. Addison, Unicersity of South Caroline, Thorsten Schank, and Claus Schnabel, |
| 17:00 - 19:00 |
EXPERIMENTAL ECONOMICS III (ESEM TAE)
Chairperson: Sebastian Kube, University of Karlsruhe, Germany |
Room J-53 |
|
GIVING IN DICTATOR GAMES: REGARD FOR OTHERS OR REGARD BY OTHERS?
Alexander K Koch, Royal Holloway, University of London Co-Author: Hans Normann, Royal Holloway, University of London |
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|
MY AND YOUR BIAS - WHAT DO YOU KNOW ABOUT THEM?
Julia Nafziger, University of Bonn Co-Author: Sandra Ludwig, University of Bonn |
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|
RECIPROCITY AND TEAM COMPENSATION
Sebastian Kube, University of Karlsruhe, Germany Co-Authors: Johannes Abeler, IZA Bonn, Steffen Altmann, IZA Bonn and Matthias Wibral, IZA Bonn |
| 17:00 - 19:00 |
FINANCIAL MARKETS IV (ESEM TAE)
Chairperson: Ono Sadayuki, University of York, Department of Economics and Related Studies |
Room U-42 |
|
ASYMPTOTIC PRICING IN TERM STRUCTURE MODELS DRIVEN BY JUMP-DIFFUSIONS OF ORNSTEIN-UHLENBECK TYPE
Sergei Levendorskii, University of Texas at Austin Co-Author: Nina Boyarchenko, University of Texas at Austin |
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|
CREDIT SCORING AND THE COMPETITIVE PRICING OF DEFAULT RISK
Satyajit Chatterjee, Federal Reserve Bank of Philadelphia Co-Authors: Dean Corbae, University of Texas at Austin and Victor Rios-Rull, University of Pennsylvania |
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|
TERM STRUCTURE DYNAMICS IN A MONETARY ECONOMY WITH LEARNING
Ono Sadayuki, University of York, Department of Economics and Related Studies |
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|
HOW DOES A SHOCK PROPAGATE? A MODEL OF CONTAGION IN THE INTERBANK MARKET DUE TO FINANCIAL LINKAGES
Jose Luis Peydró-Alcalde, European Central Bank Co-Author: Rajkamal Iyer, University van Amsterdam |
| 17:00 - 19:00 |
INDUSTRIAL ORGANIZATION IV (ESEM TAE)
Chairperson: Dmitry Ryvkin, Florida State University |
Room U-30 |
|
COMPETITION FOR SCARCE RESOURCES
Lucy White , Lausanne and Harvard business school Co-Authors: Peter Eso, and Volker Nocke, University of Pennsylvania |
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|
CONTRACTING WITH ASYMMETRIC INFORMATION IN THE PRESENCE OF POSITIVE NETWORK EFFECTS: SCREENING AND DIVIDE-AND-CONQUER TECHNIQUES
Gergely Csorba, PhD student |
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|
PRIVATE INFORMATION IN CONTESTS - SEQUENTIAL VERSUS SIMULTANEOUS CONTESTS
Sandra Ludwig, University of Bonn |
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|
RESPONSE TO WEAK HETEROGENEITY IN CONTESTS
Dmitry Ryvkin, Florida State University |
| 17:00 - 19:00 |
KNOWLEDGE AND INFORMATION (ESEM TAE)
Chairperson: Hiroyuki Nakata, Dept. of AFM, University of Essex |
Room J-22 |
|
A CANONICAL MODEL FOR INTERACTIVE UNAWARENESS
Martin Meier, Instituto de Analisis Economico, CSIC Co-Authors: Aviad Heifetz , Open University of Israel and Burkhard Schipper , |
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|
COMMUNICATION, CONSENSUS AND ORDER. WHO WANTS TO SPEAK FIRST?
Lucie Ménager, CES-University Paris 1 Co-Author: Houy Nicolas, COE, Tokyo |
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|
KNOWING WHAT OTHERS KNOW: COORDINATION MOTIVES IN INFORMATION ACQUISITION
Christian Hellwig, UCLA Co-Author: Laura Veldkamp, New York University |
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|
MODELLING CHOICE OF INFORMATION ACQUISITION
Hiroyuki Nakata, Dept. of AFM, University of Essex |
| 17:00 - 19:00 |
PENSIONS AND RETIREMENT (ESEM TAE)
Chairperson: Alexander Ludwig, MEA, Universität Mannheim |
Room J-Sem 20 |
|
DESIGNING OPTIMAL BENEFIT RULES FOR FLEXIBLE RETIREMENT
Andras Simonovits, Institute of Economics, HAS Co-Author: Peter Eso, |
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|
HOW LARGE IS THE RETIREMENT CONSUMPTION DROP IN ITALY?
Enrico Rettore, Dip. di Scienze Statistiche, Univ. di Padova Co-Authors: Erich Battistin, Dip. di Scienze Statistiche, Univ. di Padova, Agar Brugiavini, Dip. di Economia, Univ. di Venezia and Guglielmo Weber, Dip. di Scienze Economiche, Univ. di Padova |
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|
INTRA-GENERATIONAL EXTERNALITIES AND INTER-GENERATIONAL TRANSFERS
Volker Meier, Ifo Institute for Economic Research Co-Author: Martin Kolmar, University of Mainz |
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|
OPTIMAL PENSION POLICY IN A LIFE-CYCLE ECONOMY WITH DEMOGRAPHIC UNCERTAINTY
Alexander Ludwig, MEA, Universität Mannheim Co-Author: Michael Reiter, Pompeu Fabra |
| 17:00 - 19:00 |
POLITICAL ECONOMY II (ESEM TAE)
Chairperson: Matthias Dahm, Universidad Carlos III de Madrid |
Room U-23 |
|
A MULTI-DIMENSIONAL SIGNALING MODEL OF CAMPAIGN FINANCE
Brendan Daley, Stanford University Co-Author: Erik Snowberg, Stanford University |
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|
ECHO CHAMBERS, LIONS' DENS, AND NETWORKS: MATCHING IN POLITICAL INFORMATION MARKETS
Todd Kendall, Clemson University |
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|
LOBBYING COMPETITION UNDER IDEOLOGICAL UNCERTAINTY: A COMMON AGENCY PERSPECTIVE
Aggey Semenov, National University of Singapore Co-Author: David Martimort, University of Toulouse I |
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|
SIDE-EFFECTS OF CAMPAIGN FINANCE REFORM
Matthias Dahm, Universidad Carlos III de Madrid Co-Author: Nicolas Porteiro, Universidad Pablo de Olavide Sevilla |
| 17:00 - 19:00 |
SOCIAL CHOICE (ESEM TAE)
Chairperson: Bernardo Moreno, Universidad de Málaga |
Room J-63 |
|
MINIMAL BOOKS OF RATIONALES
Jose Apesteguia, Universitat Pompeu Fabra Co-Author: Miguel A. Ballester, Universitat Autonoma de Barcelona |
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|
ON THE JUSTICE OF SCORING RULES
Rosa Ferrer, Universitat Autonoma de Barcelona Co-Authors: Jose Apesteguia, Universitat Pompeu Fabra and Miguel A. Ballester, Universitat Autonoma de Barcelona |
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|
ORDERED VALUE RESTRICTION
Bernardo Moreno, Universidad de Málaga Co-Author: Salvador Barberà, Universitat Autonoma de Barcelona |
| 17:00 - 19:00 |
GROWTH AND INEQUALITY (ESEM TAE)
Chairperson: Gerhard Sorger, University of Vienna |
Room U-31 |
|
DIFFERENT SAVINGS PROPENSITIES AND INEQUALITY IN THE NEOCLASSICAL GROWTH MODEL
Reto Foellmi, University of Zurich |
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|
EDUCATION, ECONOMIC GROWTH AND MEASURED INCOME INEQUALITY
Guenther Rehme, TU Darmstadt |
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|
PRIVATE EDUCATION AS A WAY TO FAVOURS LONG-RUN PUBLIC INVESTMENT IN HUMAN CAPITAL
Paul Cahu, Université Paris 1 |
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|
STRATEGIC SAVING DECISIONS IN THE INFINITE HORIZON MODEL
Gerhard Sorger, University of Vienna |
| 17:00 - 19:00 |
CONTRIBUTED SESSION 9
ESEM: Econometrics and Empirical Economics |
| 17:00 - 19:00 |
EMPIRICAL FINANCE 6 (ESEM EEE)
Chairperson: Stanislav Anatolyev, New Economic School, Moscow |
Room U-16 |
|
NONPARAMETRIC RETROSPECTION AND MONITORING OF PREDICTABILITY OF FINANCIAL RETURNS
Stanislav Anatolyev, New Economic School, Moscow |
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|
THE RESPONSE OF GLOBAL EQUITY INDEXES TO U.S. MONETARY POLICY ANNOUNCEMENTS
Jon Wongswan, Federal Reserve Board |
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|
THE TRIPLE-PARITY LAW
Alexander Mihailov, University of Essex Co-Author: Jean-Christian Lambelet, University of Lausanne |
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|
ESTIMATING LIQUIDITY USING INFORMATION ON THE MULTIVARIATE TRADING PROCESS
Katarzyna Bien, University of Konstanz Co-Authors: Ingmar Nolte, University of Konstanz and Winfried Pohlmeier, University of Konstanz |
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|
ECONOMIC INTEGRATION AND FINANCIAL STABILITY: A EUROPEAN PERSPECTIVE
Alexander Tieman, IMF Co-Author: Gianni De Nicolo, IMF |
| 17:00 - 19:00 |
FORECASTING (ESEM EEE)
Chairperson: Simone Manganelli, European Central Bank |
Room J-44 |
|
A NEW THEORY OF FORECASTING
Simone Manganelli, European Central Bank |
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|
REAL-TIME FORECASTING OF GDP BASED ON A LARGE FACTOR MODEL WITH MONTHLY AND QUARTERLY DATA
Christian Schumacher, Deutsche Bundesbank Co-Author: Joerg Breitung, University of Bonn |
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|
USING INFORMATION CRITERIA TO MINIMIZE THE PREDICTION MEAN SQUARED ERROR: A UNIFIED THEORY WITH MONTE-CARLO STUDIES
CY (Chor-yiu) SIN, Hong Kong Baptist University Co-Author: Ching-Kang ING, Academia Sinica |
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|
USING MACRO DATA TO OBTAIN BETTER MICRO FORECAST
Andrey Vasnev, Tilburg University Co-Author: Jan Magnus, Tilburg |
| 17:00 - 19:00 |
LABOUR MARKETS 3 (ESEM EEE)
Chairperson: Laurens Cherchye, University of Leuven |
Room U-33 |
|
OPENING
THE BLACK BOX OF INTRA-HOUSEHOLD DECISION-MAKING: THEORY AND
NON-PARAMETRIC EMPIRICAL TESTS OF GENERAL COLLECTIVE CONSUMPTION MODELS
Laurens Cherchye, University of Leuven Co-Authors: Bram De Rock, University of Leuven and Frederic Vermeulen, Tilburg University |
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|
RECRUITMENT IN A MONOPSONISTIC LABOR MARKET:
WILL TRAVEL COSTS BE REIMBURSED?
Jan Rouwendal, Free University Co-Author: Jos Van Ommeren, Free University Amsterdam |
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|
THE RATE OF LEARNING-BY-DOING: ESTIMATES FROM A SEARCH-MATCHING MODEL.
Julien Prat, University of Vienna |
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|
WORKPLACE RESTRUCTURING AND THE EARNINGS DISTRIBUTION:
EVIDENCE FROM A DOWNSIZING FIRM.
Gerard Pfann, Maastricht University |
| 17:00 - 19:00 |
SEARCH, MATCHING AND SORTING (ESEM EEE)
Chairperson: Andrey Launov, Wuerzburg University |
Room J-33 |
|
ANALYSIS OF THE DISCOURAGED WORKER PHENOMENON. EVIDENCE FROM MICRO DATA.
Tom Kornstad, Statistics Norway Co-Authors: John K. Dagsvik, Statistics Norway and Terje Skjerpen, Statistics Norway |
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|
DESCRIPTIVE EVIDENCE ON LABOR MARKET TRANSITIONS AND THE WAGE STRUCTURE IN GERMANY
Alfred Garloff, Centre for European Economic Resaerch (ZEW Mannheim) Co-Author: Bernd Fitzenberger, Johann Wolfgang Goethe-University Frankfurt |
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|
EMPLOYERS' SEARCH AND THE EFFICIENCY OF MATCHING
Michele Pellizzari, IGIER-Bocconi University |
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|
SEARCH EQUILIBRIUM, PRODUCTION PARAMETERS AND SOCIAL RETURNS TO EDUCATION: THEORY AND ESTIMATION
Andrey Launov, Wuerzburg University Co-Author: Christian Holzner, ifo Institute for Economic Research |
| 17:00 - 19:00 |
STATE SPACE AND FACTOR MODELS (ESEM EEE)
Chairperson: Siem Jan Koopman, Free University, Amsterdam |
Room J-12 |
|
A QUASI-MAXIMUM LIKELIHOOD APPROACH FOR LARGE APPROXIMATE FACTOR MODELS
Domenico Giannone, ECARES-Universite' Libre de Bruxelles Co-Authors: Catherine Doz, Universite Cergy-Pontoise and Lucrezia Reichlin, European Central Bank, CEPR, ECARES |
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|
A STATE SPACE APPROACH TO THE PROBLEM OF SAMPLING AT DIFFERENT
FREQUENCIES
Victor Gomez, Ministry of Economy and Finance Co-Author: Felix Aparicio-Perez, National Statistical Institute |
||
|
MARGINAL LIKELIHOOD IN STATE-SPACE MODELS
Marc Francke, Vrije Universiteit Amsterdam Co-Author: Aart de Vos, Vrije Universiteit Amsterdam |
||
|
ON IMPORTANCE SAMPLING FOR STATE SPACE MODELS
Siem Jan Koopman, Free University, Amsterdam Co-Author: Borus Jungbacker, Vrije Universiteit Amsterdam |
| 17:00 - 19:00 |
SURVEY DATA AND SELECTION (ESEM EEE)
Chairperson: Esmeralda Ramalho, Universidade de Evora |
Room J-34 |
|
A NEW METHOD TO HANDLE ENDOGENOUS SELECTION WITH INSTRUMENTS
Xavier d''Haultfoeuille, Paris 1 - CREST |
||
|
A SAMPLE SELECTION MODEL FOR UNIT AND ITEM NONRESPONSE IN CROSS-SECTIONAL SURVEYS
Giuseppe De Luca, Tor Vergata University Co-Author: Franco Peracchi, Roma |
||
|
ACCOUNTING FOR MISSING DATA IN M-ESTIMATION: A
GENERAL MATCHING APPROACH
Anton Flossmann, Department of Economics, University of Konstanz |
||
|
BIAS-CORRECTED MOMENT-BASED ESTIMATORS FOR PARAMETRIC MODELS UNDER ENDOGENOUS STRATIFIED SAMPLING
Esmeralda Ramalho, Universidade de Evora Co-Author: Joaquim Ramalho, Universidade de Evora |
| 17:00 - 19:00 |
TIME SERIES 3 (ESEM EEE)
Chairperson: Marius Ooms, Vrije Universiteit Amsterdam |
Room J-14 |
|
PERIODIC UNOBSERVED CYCLES IN SEASONAL TIME SERIES:
IDENTIFICATION AND ESTIMATION
Marius Ooms, Vrije Universiteit Amsterdam Co-Authors: Irma Hindrayanto, Vrije Universiteit and Tinbergen Instituut Amsterdam and Siem Jan Koopman, Free University, Amsterdam |
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|
PERSISTENCE OF INNOVATION: STYLISED FACTS AND PANEL DATA EVIDENCE
Bettina Peters, ZEW Centre for European Economic Research |
||
|
THE LATENT FACTOR VAR MODEL: TESTING FOR A COMMON COMPONENT IN THE INTRADAY TRADING PROCESS
Nikolaus Hautsch, University of Copenhagen |
| 17:00 - 19:00 |
TREATMENT EFFECTS AND PROGRAM EVALUATION 5 (ESEM EEE)
Chairperson: Tsunao Okumura, Yokohama National University |
Room U-28 |
|
CONCAVE-MONOTONE TREATMENT RESPONSE AND MONOTONE TREATMENT SELECTION: WITH AN APPLICATION TO THE RETURNS TO SCHOOLING
Tsunao Okumura, Yokohama National University Co-Author: Emiko Usui, Department of Economics, Wayne State University |
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|
HETEROGENEOUS TREATMENT EFFECTS: INSTRUMENTAL VARIABLES WITHOUT MONOTONICITY?
Tobias Klein, University of Mannheim |
||
|
THE EVENT-HISTORY APPROACH TO PROGRAM EVALUATION
Jaap Abbring, Free University, Amsterdam |
||
|
TRAINING THE UNEMPLOYED IN FRANCE: IMPACT ON UNEMPLOYMENT DURATION AND RECURRENCE
Marc Ferracci, Université Paris 1, CREST-INSEE Co-Authors: Bruno Crépon, CREST-INSEE, CEPR and IZA and Denis Fougère, CNRS, CREST-INSEE, CEPR and IZA |
| 17:00 - 19:00 |
VOLATILITY 3 (ESEM EEE)
Chairperson: Menelaos Karanasos, Business School, Brunel University |
Room J-15 |
|
JAPANESE
FOREIGN EXCHANGE INTERVENTION AND THE YEN/DOLLAR EXCHANGE RATE: A
SIMULTANEOUS EQUATIONS APPROACH USING REALIZED VOLATILITY
Gunther Schnabl, Tuebingen University Co-Authors: Eric Hillebrand, Louisiana State University and Yasemin Ulu, American University of Beirut |
||
|
LONG MEMORY, HETEROGENEITY, AND TREND CHASING
Youwei Li, Queen's University Belfast Co-Author: Xuezhong He, University of Technology, Sydney |
||
|
THE VOLUME-VOLATILITY RELATIONSHIP AND THE OPENING OF THE
KOREAN STOCK MARKET TO FOREIGN INVESTORS AFTER THE …NANCIAL
TURMOIL IN 1997.
Menelaos Karanasos, Business School, Brunel University |
||
|
THE FORWARD AND THE EQUITY PREMIUM PUZZLES: TWO SYMPTOMS OF THE SAME ILLNESS?
Paulo R Matos, Getulio Vargas Foundation Co-Authors: Carlos da Costa, Getulio Vargas Foundation and Joao Issler, Getulio Vargas Foundation |
| 17:00 - 19:00 |
WEAK INSTRUMENTS (ESEM EEE)
Chairperson: Russell Davidson, McGill and U Marseille |
Room U-32 |
|
AN ALMOST UNBIASED ESTIMATOR IN SIMULTANEOUS EQUATIONS MODELS BOTH WITH STRONG AND / OR WEAK INSTRUMENTS
Garry Phillips, Cardiff University Co-Author: Emma Iglesias, Michigan State University |
||
|
BOOTSTRAP INFERENCE IN A LINEAR EQUATION ESTIMATED BY INSTRUMENTAL VARIABLES
Russell Davidson, McGill and U Marseille Co-Author: James MacKinnon, Queen's University |
||
|
EFFICIENT GMM WITH SEMI-WEAK IDENTIFICATION
Bertille Antoine, Universite de Montreal Co-Author: Eric Renault, North Carolina |
||
|
SUBSET STATISTICS IN THE LINEAR IV REGRESSION MODEL
Frank Kleibergen, Brown University |
| 17:00 - 19:00 |
YIELD CURVE (ESEM EEE)
Chairperson: Enrico De Giorgi, University of Lugano |
Room J-43 |
|
BETA REGIMES FOR THE YIELD CURVE
Enrico De Giorgi, University of Lugano Co-Author: Francesco Audrino, University of Lugano |
||
|
CANONICAL TERM-STRUCTURE MODELS WITH OBSERVABLE FACTORS AND THE DYNAMICS OF BOND RISK PREMIA
Marcello Pericoli, Banca d''Italia Co-Author: Marco Taboga, Banca d'Italia |
||
|
LEVEL, SLOPE, CURVATURE: THE YIELD CURVE'S DERIVATIVES AND THEIR RELATIONS TO MACRO VARIABLES
Julia Giese, Nuffield College, University of Oxford |
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THE CHANGING EFFECT OF THE YIELD CURVE ON GDP GROWTH
Ana Beatriz Galvao, Bank of Portugal and Ibmec São Paulo |
| 19:30 | FAREWELL PARTY AT UNIVERSITY |
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