EEA-ESEM 2006: Congress Programme
The Congress Programme is subject to last minute changes.
This version of the Programme was viewed at 14/07/2006 14:06:04
SATURDAY 26 AUGUST 2006
09:00 - 11:00 | INVITED SESSION 1 |
11:00 - 11:30 | COFFEE BREAK |
11:30 - 13:30 | SCHUMPETER LECTURE |
13:30 - 14:30 | LUNCH TIME |
13:30 - 14:30 | WINE LOUNGE |
14:30 - 16:30 | CONTRIBUTED SESSION 4 ESEM Econometrics |
14:30 - 16:30 | CONTRIBUTED SESSION 4 ESEM Theory |
14:30 - 16:30 | CONTRIBUTED SESSION 4 EEA |
14:30 - 16:30 | SPECIAL EEA ANNIVERSARY SESSION B |
16:30 - 17:00 | COFFEE BREAK |
17:00 - 19:00 | CONTRIBUTED SESSION 5 ESEM Econometrics |
17:00 - 19:00 | CONTRIBUTED SESSION 5 ESEM Theory |
17:00 - 19:00 | CONTRIBUTED SESSION 5 EEA |
19:00 | CONFERENCE DINNER "HEURIGER" |
09:00 - 11:00 |
INVITED SESSION 1
EEA |
09:00 - 11:00 |
DEVELOPING COUNTRY DEBT CRISES (EEA)
Chairperson: Aart Kraay, World Bank |
Room U-21 |
DEBT RELIEF IN LOW-INCOME COUNTRIES: WHAT HAS IT DONE?
Aart Kraay, World Bank Co-Author: Nicolas Depetris Chauvin, Princeton University |
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CREDITORS LOSSES VERSUS DEBT RELIEF: RESULTS FROM A DECADE OF SOVEREIGN DEBT CRISES
Jeromin Zettelmeyer, International Monetary Fund Co-Author: Federico Sturzenegger, Harvard University |
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DO SOVEREIGN DEFAULTS OCCUR IN ‘BAD TIMES’?
Mark Wright, Federal Reserve Bank of Minneapolis Co-Author: Michael Tomz, Stanford University |
09:00 - 11:00 |
EXPECTATIONS AS INPUTS (EEA)
Chairperson: Monika Piazzesi, University of Chicago |
Room U-41 |
BEHAVIORAL THEORIES OF THE BUSINESS CYCLE
Sergio Rebelo, Northwestern University Co-Author: Nir Jaimovich, University of California, San Diego |
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EMPIRICAL EVIDENCE ON HETEROGENEITY IN EQUITY EXPECTATIONS
Jeff Dominitz, Carnegie Mellon University Co-Author: Charles F. Manski, Northwestern University |
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ASSET PRICES AND ASSET QUANTITIES
Martin Schneider, UCLA Co-Author: Monika Piazzesi, University of Chicago |
09:00 - 11:00 |
THE SCIENTIFIC PUBLISHING MARKET IN EUROPE (EEA)
Chairperson: Mathias Dewatripont, Université Libre de Bruxelles |
Room U-50 |
PRICING IN SCIENTIFIC JOURNALS MARKETS: POLICY ISSUES AND OPTIONS
Mark McCabe, Georgia Institute of Technology Co-Author: Nevo Aviv, Northwestern University |
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THE MARKET OF ACADEMIC JOURNALS: EMPIRICAL EVIDENCE FROM DATA ON FRENCH LIBRAIRIES
marc ivaldi, University of Toulouse IDEI, EHESS and CEPR Co-Authors: Pierre Dubois, University of Toulouse (INRA, IDEI) and Adriana Hernandez Perez, GREMAQ, Universite de Toulouse |
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THE PRICES OF FOR-PROFIT AND NOT-FOR PROFIT SCIENTIFIC JOURNALS
Victor Ginsburgh, ECARES, Universite Libre de Bruxelles Co-Authors: Mathias Dewatripont, Université Libre de Bruxelles, Patrick Legros, Université Libre de Bruxelles and Alexis Walckiers, Université Libre de Bruxelles |
09:00 - 11:00 |
MACROECONOMIC IMPLICATIONS OF HOUSEHOLD-LEVEL HETEROGENEITY (EEA)
Chairperson: Dirk Krueger, Johann Wolfgang Goethe University Frankfurt am Main |
Room U-47 |
WAGE INEQUALITY AND EDUCATION POLICY WITH SKILL BIASED TECHNOLOGICAL CHANGE IN AN OLG SETTING
Abraham Arpad, University of Rochester |
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AGGREGATE SHOCKS AND THE VOLATILITY OF HOUSE PRICES
Virginia Sánchez Marcos, Universidad de Cantábria Co-Author: José-Víctor Ríos-Rull, University of Pennsylvania |
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TESTING ASSET PRICING MODELS WITH LIMITED COMMITMENT USING MICRO CONSUMPTION DATA
Dirk Krueger, Johann Wolfgang Goethe University Frankfurt am Main Co-Author: Fabrizio Perri, New York University |
09:00 - 11:00 |
LEARNING AND THE EVOLUTION OF PRICES (EEA)
Chairperson: Omar Licandro, EUI- European University Institute |
Room U-34 |
ENTRY, BOUNDED RATIONALITY, AND THE ALLOCATION OF CREDIT
Gilles Saint-Paul, IDEI (Toulouse) |
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LEARNING WITH EXPERT ADVICE
Molnar Krisztina, Universitat Pompau Fabra |
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AN EVOLUTIONARY THEORY OF MONEY AND INFLATION
Omar Licandro, EUI- European University Institute Co-Authors: Alexis Anagnostopoulos, , Italo Bove, and Karl Schlag, European University Institute |
09:00 - 11:00 |
INVITED SESSION 1
ESEM: Theoretical and Applied Economics |
09:00 - 11:00 |
CONTRACTS, FINANCE AND MACROECONOMICS (ESEM TAE)
Chairperson: |
Room |
09:00 - 11:00 |
INVITED SESSION 1
ESEM: Econometrics and Empirical Economics |
09:00 - 11:00 |
MICROECONOMETRICS (ESEM EEE)
Chairperson: |
Room |
11:00 - 11:30 | COFFEE BREAK |
11:30 - 13:30 | SCHUMPETER LECTURE |
11:30 - 13:30 |
SCHUMPETER LECTURE (EEA)
Chairperson: John Moore, Edinburgh University and London School of Economics |
Room VK |
SCHUMPETER LECTURE PRESENTATION
John Moore, Edinburgh University and London School of Economics |
13:30 - 14:30 | LUNCH TIME |
13:30 - 14:30 | WINE LOUNGE |
14:30 - 16:30 |
CONTRIBUTED SESSION 4
EEA |
14:30 - 16:30 |
CENTRAL BANKING II (EEA)
Chairperson: Petra Geraats, University of Cambridge |
Room U-34 |
THE MYSTIQUE OF CENTRAL BANK SPEAK
Petra Geraats, University of Cambridge |
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IS A WORD TO THE WISE INDEED ENOUGH? ECB STATEMENTS AND THE PREDICTABILITY OF INTEREST RATE DECISIONS
David-Jan Jansen, De Nederlandsche Bank Co-Author: Jakob De Haan, Rijksuniversiteit Groningen |
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MONETARY POLICY AND ITS INFORMATIVE VALUE
Romain Baeriswyl, Munich Graduate School of Economics Co-Author: Camille Cornand, London School of Economics |
14:30 - 16:30 |
BANKING III (EEA)
Chairperson: Koen Schoors, CERISE - Ghent University |
Room J-17 |
SOPHISTICATED DISCIPLINE IN NASCENT MARKETS: EVIDENCE FROM POST-COMMUNIST RUSSIA.
Koen Schoors, CERISE - Ghent University |
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LOAN INTEREST RATES:
A SPREAD ANALYSIS USING FRENCH DATA FROM 1993 TO 2004
Philippe Rousseaux, Banque de France |
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TOWARDS A MEASURE OF FINANCIAL FRAGILITY
Lea Zicchino, Bank of England Co-Authors: Oriol Aspachs, , Charles Goodhart, and Dimitrios P. Tsomocos, University of Oxford |
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MODELLING THE ROLE OF CREDIT RATING AGENCIES - DO THEY SPARK OFF A VIRTUOUS CIRCLE?
Marcel Tyrell, Goethe-University Frankfurt Co-Author: Christina Bannier, Goethe-University Frankfurt |
14:30 - 16:30 |
CONTRACTS I (EEA)
Chairperson: Thomas Weber, Stanford University |
Room J-31 |
SCREENING WITH EXTERNALITIES
Thomas Weber, Stanford University |
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DELEGATION AND COMMITMENT IN DURABLE GOODS MONOPOLIES
Vladimir Petkov, Victoria University of Wellington Co-Author: Tarek Coury, Oxford University |
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LEVELS OF ASSET SPECIFICITY IN RELATIONAL CONTRACTING
Christian A Ruzzier, GREMAQ, Université de Toulouse |
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STRATEGIC DEBT IN BILATERAL RELATIONSHIPS
Murat Usman, Koc University |
14:30 - 16:30 |
CORPORATE FINANCE IV (EEA)
Chairperson: Annalisa Luporini, University of Florence |
Room J-51 |
OWNERSHIP CONCENTRATION, MONITORING AND THE OPTIMAL BOARD STRUCTURE
Clara Graziano, University of Udine Co-Author: Annalisa Luporini, University of Florence |
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WHO CONTROLS ALLIANZ? - MEASURING THE SEPARATION OF DIVIDEND AND CONTROL RIGHTS UNDER CROSS-OWNERSHIP AMONG FIRMS.
Klaus Ritzberger, Institute for Advanced Studies, Vienna, and Vienna Graduate School of Finance Co-Authors: Victor Dorofeenko, Institute for Advanced Studies, Vienna, Larry H. P. Lang, Chinese University of Hong Kong and Jamsheed Shorish, Institute for Advanced Studies |
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RENT EXTRACTION BY LARGE SHAREHOLDERS: EVIDENCE USING DIVIDEND POLICY IN THE CZECH REPUBLIC
Jan Hanousek, CERGE-EI Co-Author: Jan Bena, LSE |
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ENDOGENOUS CORPORATE SOCIAL RESPONSIBILITY IN A CORPORATE GOVERNANCE FRAMEWORK
Yohanes Eko Riyanto, Department of Economics, National University of Singapore Co-Author: Linda A. Toolsema, Department of Economics |
14:30 - 16:30 |
ECONOMIC GROWTH III (EEA)
Chairperson: Peter Benczur, Magyar Nemzeti Bank and CEU |
Room U-47 |
NOMINAL GROWTH OF A SMALL OPEN ECONOMY
Peter Benczur, Magyar Nemzeti Bank and CEU Co-Author: Istvan Konya, Magyar Nemzeti Bank, Central European University |
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WHAT MAKES GROWTH SUSTAINED
Jeromin Zettelmeyer, International Monetary Fund Co-Authors: Andrew Berg, International Monetary Fund, Carlos Leite, International Monetary Fund and Jonathan Ostry, International Monetary Fund |
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GOVERNMENT SIZE VERSUS QUALITY IN A MODEL OF ECONOMIC GROWTH
Jose Tavares, Universidade Nova de Lisboa Co-Author: Francisca Oliveira, Universidade Nova de Lisboa |
14:30 - 16:30 |
GAME THEORY I (EEA)
Chairperson: Nicola Acocella, Dipartimento di Economia pubblica - Università di Roma "La Sapienza" |
Room J-32 |
DYNAMIC CONTROLLABILITY WITH OVERLAPPING TARGETS: A GENERALIZATION OF THE TINBERGEN-NASH THEORY OF ECONOMIC POLICY
Nicola Acocella, Dipartimento di Economia pubblica - Università di Roma "La Sapienza" Co-Authors: Giovanni Di Bartolomeo, Dipartimento di Economis pubblica - Università di Roma "La Sapienza" and Andrew Hughes Hallett, Vanderbilt University |
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MULTI-SENDER CHEAP TALK WITH RESTRICTED STATE SPACE
Attila Ambrus, Co-Author: Satoru Takahashi, Harvard University, Department of Economics |
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STRATEGIC IMPLICATIONS OF (NON-)COMMON PRIORS II: ROBUSTNESS OF EQUILIBRIA
Olivier Tercieux, Paris-jourdan Sciences Economiques (PSE) and CNRS Co-Author: Daisuke Oyama, Graduate School of Economics, University of Tokyo |
14:30 - 16:30 |
HEALTH ECONOMICS I (EEA)
Chairperson: Francesco Ricci, THEMA Université de Cergy-Pontoise, and LERNA Toulouse |
Room U-48 |
DETERMINANTS OF PUBLIC HEALTH OUTCOMES: A MACROECONOMIC PERSPECTIVE
Francesco Ricci, THEMA Université de Cergy-Pontoise, and LERNA Toulouse Co-Author: Marios Zachariadis, Dept of Econ, University of Cyprus |
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PLANT CLOSURE AND HOSPITALIZATION
Eskil Heinesen, Co-Author: Martin Browning, Copenhagen |
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FEE-FOR-SERVICE VS. CAPITATION: ANYTHING YOU CAN DO - I CAN DO BETTER (AND CHEAPER)
Victoria Barham, University of Ottawa and Olga Milliken, University of Ottawa Co-Author: Rose Anne Devlin, University of Ottawa |
14:30 - 16:30 |
EMPIRICAL INDUSTRIAL ORGANIZATION IV (EEA)
Chairperson: Ulrich Schwalbe, University of Hohenheim |
Room U-24 |
PRICE AND REGULATION IN THE WATER INDUSTRY - THE NEED FOR COORDINATION
Ulrich Schwalbe, University of Hohenheim Co-Author: Georg Meran, DIW Berlin |
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A MARKOV SWITCHING MODEL OF THE MERIT ORDER TO COMPARE BRITISH AND GERMAN PRICE FORMATION
Georg Zachmann, DIW Berlin |
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CROSS-LICENSE AGREEMENTS IN THE SEMICONDUCTOR INDUSTRY: WAITING TO PERSUADE?
Alberto Galasso, London School of Economics |
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KNOWLEDGE COMPENSATION IN THE GERMAN AUTOMOBILE INDUSTRY
Jens Krüger, Friedrich-Schiller-University Jena Co-Authors: Uwe Cantner, Friedrich-Schiller-University Jena and Kristina Dressler, Friedrich-Schiller-University Jena |
14:30 - 16:30 |
ENVIRONMENTAL ECONOMICS IV (EEA)
Chairperson: Bernard Sinclair-Desgagné, HEC Montréal |
Room J-62 |
ON PRECAUTIONARY POLICIES
Bernard Sinclair-Desgagné, HEC Montréal |
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ON THE DYNAMICS OF DEPLETABLE RESOURCES
Beatriz Gaitan, University of Hamburg |
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TRADING FOR THE FUTURE
Bard Harstad, Northwestern University Co-Author: Gunnar Eskeland, CICERO |
14:30 - 16:30 |
EXPERIMENTAL ECONOMICS III (EEA)
Chairperson: Sabine Kröger, Laval University |
Room J-52 |
PRICE FORMATION IN A SEQUENTIAL SELLING MECHANISM
Sabine Kröger, Laval University Co-Author: Radosveta Ivanova-Stenzel, Humboldt University Berlin |
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A TEST OF PERPETUAL R&D RACES
Jonathan H.W. Tan, European University Viadrina Co-Authors: Yves Breitmoser, European University Viadrina and Daniel John Zizzo, University of East Anglia |
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SOCIAL COMPARISONS AND OPTIMAL INFORMATION REVELATION: THEORY AND EXPERIMENTS
Seda Ertac, University of California, Los Angeles |
14:30 - 16:30 |
FINANCIAL MARKETS III (EEA)
Chairperson: Stanislav Anatolyev, New Economic School, Moscow |
Room U-46 |
A UNIFYING VIEW OF SOME PREDICTABILITY TESTS
Stanislav Anatolyev, New Economic School, Moscow |
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SPECULATIVE BUBBLES IN STOCK PRICES?
EVIDENCE FROM NON-LINEAR COINTEGRATION TESTS WITH TIME VARYING-EXPECTED RETURNS
Christophe Boucher, Université Paris 13 |
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DO SOPHISTICATED INVESTORS BELIEVE IN THE LAW OF SMALL NUMBERS?
Guillermo Baquero, RSM Erasmus University Co-Author: Marno Verbeek, RSM Erasmus University |
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WHOSE TRADES CONVEY INFORMATION?
Maik Schmeling, University of Hannover Co-Author: Lukas Menkhoff, Prof./University of Hannover |
14:30 - 16:30 |
INNOVATION AND PRODUCTIVITY II (EEA)
Chairperson: Mika Maliranta, The Research Institute of the Finnish Economy (ETLA) |
Room J-13 |
DECOMPOSING PRODUCTIVITY AND WAGE EFFECTS OF INTRA-ESTABLISHMENT LABOR RESTRUCTURING
Mika Maliranta, The Research Institute of the Finnish Economy (ETLA) Co-Author: Pekka Ilmakunnas, Helsinki School of Economics |
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THE IMPACT OF FINANCIAL CONSTRAINTS ON INNOVATION: EVIDENCE FROM FRENCH MANUFACTURING FIRMS
Frédérique Savignac, CREST and CES-Université Paris I |
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ENDOGENOUS GROWTH THROUGH FIRM ENTRY, EXIT AND IMITATION
Gabler Alain, European University Institute Co-Author: Omar Licandro, EUI- European University Institute |
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PERSISTENCE OF INNOVATION, TECHNOLOGICAL CHANGE AND QUALITY-ADJUSTED PATENTS IN THE US PHARMACEUTICAL INDUSTRY
DUFLOS Gautier, CES, University of Paris Pantheon-Sorbonne and CNRS |
14:30 - 16:30 |
INTERNATIONAL TRADE III (EEA)
Chairperson: Dalia Marin, University of Munich, Department of Economics |
Room U-21 |
CORPORATE HIERARCHIES AND INTERNATIONAL TRADE: THEORY AND EVIDENCE
Dalia Marin, University of Munich, Department of Economics Co-Author: Thierry Verdier, Paris-Jourdan Sciences Économiques (PSE) - École Normale Supérieure |
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VOLATILITY, LABOR MARKET FLEXIBILITY, AND THE PATTERN OF COMPARATIVE ADVANTAGE
Alejandro Cunat, LSE- London School of Economics Co-Author: Marc Melitz, Harvard University |
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CONTRACT ENFORCEMENT, DIVISION OF LABOR, AND THE PATTERN OF TRADE
Arnaud Costinot, University of California, San Diego |
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INEFFICIENT POLICIES, INEFFICIENT INSTITUTIONS AND TRADE
Segura-Cayuela Ruben, MIT |
14:30 - 16:30 |
INVESTMENT AND ENTREPRENEURSHIP III (EEA)
Chairperson: Vermeulen Philip, ECB |
Room J-21 |
INVESTMENT IN AN OPEN ECONOMY: AGGREGATE AND SECTOR-LEVEL ESTIMATES
Stuart Landon, University of Alberta Co-Author: Constance Smith, University of Alberta |
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TECHNOLOGY CHOICE, ENTRY COST, AND PRODUCTIVITY DIFFERENCES BETWEEN SIMILAR COUNTRIES:
A HETEROGENEOUS FIRM APPROACH
Markus Poschke, European University Institute, Florence |
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USING FIRM OPTIMIZATION TO EVALUATE AND ESTIMATE RETURNS TO SCALE
Yuriy Gorodnichenko, University of Michigan |
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RESOURCE ALLOCATION GIVEN A RANGE OF INCREASING RETURNS
Catherine Bobtcheff, University of Toulouse I, LERNA, CEA Co-Authors: Christian Gollier, and Richard Zeckhauser, |
14:30 - 16:30 |
MIGRATION I (EEA)
Chairperson: Silke Uebelmesser, CES, University of Munich |
Room J-16 |
DELAYED (OR ACCELERATED) INTEGRATION AS A COUNTERFORCE TO GERONTOCRACY
Silke Uebelmesser, CES, University of Munich |
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INTERNAL MIGRATION OF NATIVES AND IMMIGRANTS FOLLOWING JOB DISPLACEMENT
Anders Boman, Department of Economics, Gothenburg University |
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HOME-OWNERSHIP AND ECONOMIC PERFORMANCE OF IMMIGRANTS IN GERMANY
Mathias Sinning, RWI Essen |
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MIGRATION AND REMITTANCES : ILLEGALITY BIAS
Christian Schluter, University of Southampton |
14:30 - 16:30 |
REGULATION AND REFORM I (EEA)
Chairperson: Michael Burda, Humboldt University Berlin |
Room J-18 |
BLUE LAWS
Michael Burda, Humboldt University Berlin Co-Author: Philippe Weil, Universite Libre de Bruxelles |
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LIBERALIZATION AND COMPETITIVENESS
Francesco Franco, Universidade Nova de Lisboa |
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ENFORCEMENT OF REGULATION, INFORMAL LABOR AND FIRM
PERFORMANCE
Rita Almeida, World Bank Co-Author: Pedro Carneiro, |
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NORM FLEXIBILITY AND PRIVATE INITIATIVE
Giovanni Immordino, university of Salerno and CSEF |
14:30 - 16:30 |
LABOUR MARKET - EMPIRICAL STUDIES V (EEA)
Chairperson: Roberta Serafini, European Central Bank |
Room J-61 |
SECTORAL EXPLANATIONS OF EMPLOYMENT IN EUROPE: THE ROLE OF SERVICES
Roberta Serafini, European Central Bank |
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JOB SEARCH IN THICK MARKETS: EVIDENCE FROM ITALY
Sabrina Di Addario, Bank of Italy and University of Oxford |
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THE EFFECTS OF THE MINIMUM WAGE IN AN ECONOMY WITH TAX EVASION
Mirco Tonin, Institute for International Economic Studies |
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SELECTIVE REDUCTIONS IN LABOUR TAXATION: LABOUR MARKET ADJUSTMENTS AND MACROECONOMIC PERFORMANCE
Anna Batyra, PhD student, Economics Department, Catholic University of Louvain, Belgium Co-Author: Henri Sneessens, Catholic University of Louvain |
14:30 - 16:30 |
LABOUR MARKET - EMPIRICAL STUDIES VI (EEA)
Chairperson: Frederic Vermeulen, Tilburg University |
Room J-41 |
LABOUR FORCE PARTICIPATION OF THE ELDERLY: THE IMPORTANCE OF BEING HEALTHY
Frederic Vermeulen, Tilburg University Co-Author: Adriaan Kalwij, |
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DOES THE PRESENCE OF UNIONS IN ESTABLISHMENTS REDUCE THE GENDER WAGE GAP? AN ECONOMETRIC ANALYSIS
Emmanuel Duguet, EPEE - University of EVRY Co-Author: Pascale PETIT, DARES - Dept "Salaires et Conventions Salariales |
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WAGE AND PRODUCTIVITY EFFECT OF CONTINUING TRAINING IN GERMANY: A SECTORAL ANALYSIS
Anja Kuckulenz, ZEW Mannheim |
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DO SUPPLY-SIDE-ORIENTED AND DEMAND-SIDE-ORIENTED EDUCATION PROGRAMS GENERATE SYNERGIES? EVIDENCE FROM RURAL MEXICO
Marta Rubio Codina, University of Toulouse I Co-Authors: Paul J. Gertler, and Harry A. Patrinos, |
14:30 - 16:30 |
POLITICAL ECONOMY V (EEA)
Chairperson: Ekaterina Zhuravskaya, New Economic School / CEFIR |
Room J-42 |
STATE CAPTURE IN A FEDERATION
Ekaterina Zhuravskaya, New Economic School / CEFIR Co-Authors: Alexander Rumiantsev, CEFIR at NES and Evgeny Yakovlev, CEFIR at NES |
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CONTROLLING GOVERNMENT BY DEMOCRATICALLY-ELECTED, COMPETING POLITICAL BODIES
Mark Schelker, University of Fribourg |
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ON STRATEGIC INTERACTIONS IN LOCAL TAX DETERMINATION - SWEDISH EVIDENCE
Hanna Ågren, Department of Economics |
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WHAT WOMEN WANT: SUFFRAGE, FEMALE VOTER PREFERENCES AND THE SCOPE OF
GOVERNMENT
Funk Patricia, SITE, Stockholm School of Economics Co-Author: Gathmann Christina, Stanford University |
14:30 - 16:30 |
INTERNATIONAL FINANCE IV (EEA)
Chairperson: Enrique Mendoza, University of Meryland |
Room U-41 |
COULD CAPITAL GAINS SMOOTH A CURRENT ACCOUNT REBALANCING?
Tille Cedric, Federal Reserve Bank of New York Co-Author: Cavallo Michele, Federal Reserve Bank of San Francisco |
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FINANCIAL INTEGRATION, TECHNOLOGY DIFFERENCES AND CAPITAL FLOWS
Sebastian Claro, Catholic University of Chile |
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DO WORKERS' REMITTANCES REDUCE THE PROBABILITY OF CURRENT ACCOUNT REVERSALS?
Matteo Bugamelli, BANK OF ITALY Co-Author: Francesco Paternò, BANK OF ITALY |
14:30 - 16:30 |
INDUSTRIAL ORGANISATION IV (EEA)
Chairperson: Ramon Caminal, Institut d''Anàlisi Econòmica, CSIC |
Room J-11 |
ARE LOYALTY-REWARDING PRICING SCHEMES ANTI-COMPETITIVE?
Ramon Caminal, Institut d''Anàlisi Econòmica, CSIC |
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THE RECIPROCAL PRODUCER'S INCENTIVES TO PREY AND RETAILER'S BUYING POWER
Claire Chambolle, INRA and Ecole Polytechnique Co-Author: Fabian Berges-Sennou, INRA, University of Toulouse |
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MIXING MEDIA WITH TWO-PART TARIFFS
Steffen H. Hoernig, Universidade Nova de Lisboa Co-Author: Tommaso Valletti, Imperial College London |
14:30 - 16:30 |
MONETARY POLICY IV (EEA)
Chairperson: Bernardo Guimaraes, LSE |
Room U-50 |
MONETARY POLICY AND THE EXCHANGE RATE IN BRAZIL
Bernardo Guimaraes, LSE Co-Author: Carlos Eduardo Goncalves, Universidade de Sao Paulo |
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WHICH INFLATION TO TARGET? A SMALL OPEN ECONOMY WITH STICKY WAGES INDEXED TO PAST INFLATION
Alessia Campolmi, Universitat Pompeu Fabra |
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INFLATION TARGETING IN PRESENCE OF BALASSA-SAMUELSON-TYPE PRODUCTIVITY SHOCKS
Igor Masten, University of Ljubljana Co-Author: Fabrizio Coricelli, University of Siena and CEPR |
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MONETARY POLICY IN AN EQUILIBRIUM PORTFOLIO BALANCE MODEL
Michael Kumhof, International Monetary Fund - IMF Co-Author: Stijn van Nieuwerburgh, NEW YORK UNIVERSITY |
14:30 - 16:30 |
CONTRIBUTED SESSION 4
ESEM: Theoretical and Applied Economics |
14:30 - 16:30 |
BANKING (ESEM TAE)
Chairperson: Gabriela Mundaca, Ragnar Frisch Center-University of Oslo |
Room U-7 |
ECONOMIC AND REGULATORY CAPITAL IN BANKING: WHAT IS THE DIFFERENCE?
Rafael Repullo, CEMFI Co-Author: Abel Elizalde, CEMFI |
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SOPHISTICATION IN RISK MANAGEMENT AND BANKING STABILITY:
THE LONG TERM
Jan Wenzelburger, Bielefeld University |
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THE WELFARE COST OF BANK CAPITAL REQUIREMENTS
Skander Van den Heuvel, Univ of Pennsylvania, Wharton |
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WILL PROVISION OF LIQUIDITY BE EFFECTIVE IF CONDITIONED ON PERFORMANCE?
Gabriela Mundaca, Ragnar Frisch Center-University of Oslo |
14:30 - 16:30 |
CORPORATE FINANCE III (ESEM TAE)
Chairperson: Dorothea Schaefer, DIW-Berlin |
Room U-23 |
ASSET DIVERSION, INPUT ALLOCATION AND TRADE CREDIT
Annamaria Menichini, Universita'' di Salerno and CSEF Co-Author: daniela Fabbri , Universite' de Lausanne |
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CORPORATE TAXATION AND LABOR MARKET OUTCOMES
Nadine Riedel, University of Munich, Department of Economics |
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MACROECONOMIC DETERMINANTS OF THE FINANCIAL STRUCTURE: THEORY AND EMPIRICAL EVIDENCE
Sylvain Champonnois, Princeton University, Department of Economics |
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SELF-EMPLOYMENT DURATION AND INHERITANCE: EVIDENCE
FROM GERMANY
Dorothea Schaefer, DIW-Berlin Co-Author: OLEKSANDR TALAVERA, DIW-Berlin |
14:30 - 16:30 |
ECONOMIC THEORY (ESEM TAE)
Chairperson: Jamsheed Shorish, Institute for Advanced Studies |
Room J-63 |
A MODEL OF INTERIM INFORMATION SHARING UNDER INCOMPLETE INFORMATION
Antonio Jimenez-Martinez, Universidad de Guanajuato |
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AN ALTERNATIVE APPROACH TO THE EXISTENCE OF SUNSPOT EQUILIBRIA
Haim Abraham, University of Cape Town |
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EQUILIBRIUM THEORY WITH ASYMMETRIC INFORMATION AND WITH
INFINITELY MANY COMMODITIES
Konrad Podczeck, University of Vienna |
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FUNCTIONAL RATIONAL EXPECTATIONS EQUILIBRIA IN MARKET GAMES
Jamsheed Shorish, Institute for Advanced Studies |
14:30 - 16:30 |
EXPERIMENTAL ECONOMICS I (ESEM TAE)
Chairperson: Wieland Müller, University of Tilburg |
Room J-sem 10 |
AN EXPERIMENTAL STUDY ON THE REGULATION OF NON-POINT SOURCE POLLUTION AND THE ROLE OF RISK ATTITUDE
Till Requate, University of Kiel |
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ENDOGENOUS PROPERTY RIGHTS IN A HOLD UP-EXPERIMENT
Mathias Erlei, Clausthal University of Technology Co-Author: John Siemer, Deutsche Telekom |
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MARKET CULTURE: HOW NORMS GOVERNING EXPLODING AFFECT MARKET PERFORMANCE
Muriel Niederle, Stanford University Co-Author: Alvin Roth, Harvard University and Harvard Business School |
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OLIGOPOLY LIMIT-PRICING IN THE LAB
Wieland Müller, University of Tilburg Co-Author: Yossi Spiegel, Tel Aviv University |
14:30 - 16:30 |
GROUPS FOMATION AND RENT SEEKING (ESEM TAE)
Chairperson: Guillaume Cheikbossian, GREMAQ Toulouse |
Room J-53 |
A MODEL OF STRATEGIC DELEGATION IN CONTESTS BETWEEN GROUPS
Florian Englmaier, HBS Co-Author: Stefan Brandauer, MGSE Munich |
||
HOW (NOT) TO CHOOSE PEERS IN STUDYING GROUPS
Thomas Gall, University of Bonn Co-Author: Roland Amann, University of Konstanz |
||
MONOPOLISTIC GROUP DESIGN WITH PEER EFFECTS
Simon Board, University of Toronto |
||
WITHIN-GROUP COOPERATION AND BETWEEN-GROUP COMPETITION IN RENT-SEEKING CONTESTS
Guillaume Cheikbossian, GREMAQ Toulouse |
14:30 - 16:30 |
GROWTH (ESEM TAE)
Chairperson: Wilfried Koch, Laboratoire d'Economie et de Gestion - UMR 5118 CNRS |
Room U-30 |
IQ IN THE RAMSEY MODEL: A NAIVE CALIBRATION
Garett Jones, Southern Illinois University Edwardsville |
||
PARALLEL NEUTRALITY
Nicolas Peypoch, GEREM Co-Authors: Walter Briec, University of Perpignan, Robert G. Chambers, University of Maryland and Rolf Färe, Oregon State University |
||
SOMETHING OUT OF NOTHING? NEOCLASSICAL GROWTH AND THE "TRIVIAL'' STEADY STATE
Andreas Irmen, University of Mannheim Co-Author: Hendrik Hakenes, MPI for Research on Collective Goods |
||
THE ROLE OF HUMAN CAPITAL AND TECHNOLOGICAL INTERDEPENDENCE IN GROWTH AND CONVERGENCE PROCESSES: INTERNATIONAL EVIDENCE
Wilfried Koch, Laboratoire d'Economie et de Gestion - UMR 5118 CNRS Co-Author: Cem Ertur, Laboratoire d''Economie et de Gestion - UMR 5118 CNRS |
14:30 - 16:30 |
INDUSTRIAL ORGANIZATION I (ESEM TAE)
Chairperson: Jörgen Weibull, Stockholm School of Economics |
Room J-sem 20 |
CAPACITY CHOICE UNDER UNCERTAINTY - THE IMPACT OF MARKET STRUCTURE
Veronika Grimm, University of Cologne Co-Author: Gregor Zoettl, CORE - UCL |
||
INVENTORIES AND ENDOGENOUS STACKELBERG HIERARCHY IN TWO-PERIOD COURNOT OLIGOPOLISTIC COMPETITION
Sebastien Mitraille, Toulouse Business School Co-Author: Michel Moreaux, Université de Toulouse 1 (IUF, LERNA, IDEI) |
||
ON A FOUNDATION FOR COURNOT EQUILIBRIUM
Alex Dickson, Manchester University Co-Author: Roger Hartley, Manchester University |
||
PRICE COMPETITION AND CONVEX COSTS
Jörgen Weibull, Stockholm School of Economics |
14:30 - 16:30 |
LABOUR MARKETS: SEGREGATION (ESEM TAE)
Chairperson: Zurita Felipe, Pontificia Universidad Catolica de Chile |
Room U-31 |
AN EVALUATION OF AN ENTROPY BASED INDEX OF SEGREGATION
Ricardo Mora, Universidad Carlos III de Madrid Co-Author: Javier Ruiz-Castillo, Universidad Carlos III |
||
DIVERSITY IN THE WORKPLACE:
WHEN "FAIR" EVALUATIONS LEAD TO UNFAIR RESULTS.
Felix Vardy, IMF Co-Author: John Morgan, Haas School of Business and Department of Economics, UC Berkeley |
||
DON’T ASK, DON’T TELL: WAGE SECRECY AND DISCRIMINATION
Moshik Lavie, Tel-aviv university |
||
THE BROTHER IN LAW EFFECT
Zurita Felipe, Pontificia Universidad Catolica de Chile Co-Author: Federico Weinschelbaum, Universidad de San Andrés |
14:30 - 16:30 |
MARKET INTEGRATION AND GROWTH (ESEM TAE)
Chairperson: Alain Desdoigts, CES, U Paris 1 and LEG, U. Bourgogne |
Room J-22 |
FINANCIAL INTEGRATION, CREDIT MARKET IMPERFECTIONS AND CONSUMPTION SMOOTHING
Asli Leblebicioglu, North Carolina State University |
||
INSURANCE AND OPTIMAL GROWTH
Frederic Gannon, Université du Havre Co-Author: Vincent Touzé, OFCE - Fondation nationale des sciences politiques |
||
INTERNATIONAL CAPITAL MARKET INTEGRATION, EDUCATIONAL CHOICE AND ECONOMIC GROWTH
Hartmut Egger, University of Zurich Co-Authors: Peter Egger, ifo Institute, Josef Falkinger, University of Zurich and Grossmann Volker, University of Fribourg, Dept. of Economics |
||
MARKET INTEGRATION AND INDUSTRIAL MODERNIZATION: A GLOBAL MIDDLE CLASS PERSPECTIVE
Alain Desdoigts, CES, U Paris 1 and LEG, U. Bourgogne |
14:30 - 16:30 |
STRATEGIC COMPLEMENTARITIES (ESEM TAE)
Chairperson: Antoni Calvo-Armengol, Universitat Autònoma de Barcelona |
Room U-42 |
"STRATEGIC COMPLEMENTARITY IN MULTI-STAGE GAMES"
XAVIER VIVES, EEA, ESEM |
||
EFFICIENT USE OF INFORMATION AND WELFARE ANALYSIS WITH COMPLEMENTARITIES AND ASYMMETRIC INFORMATION
Alessandro Pavan, Northwerstern University Co-Author: George-Marios Angeletos, Massachusetts Institute of Technology - MIT |
||
EQUILIBRIUM SELECTION IN SUPERMODULAR GAMES WITH MEAN PAYOFF TECHNOLOGIES
Burkhard Hehenkamp, University of Dortmund Co-Author: Oddvar Kaarboe, University of Bergen |
||
INTERACTION PATTERNS WITH HIDDEN COMPLEMENTARITIES
Antoni Calvo-Armengol, Universitat Autònoma de Barcelona Co-Author: Ballester Coralio, UIniversidad de Alicante |
14:30 - 16:30 |
CONTRIBUTED SESSION 4
ESEM: Econometrics and Empirical Economics |
14:30 - 16:30 |
ASYMPTOTIC THEORY (ESEM EEE)
Chairperson: Offer Lieberman, Technion |
Room J-12 |
ASYMPTOTIC THEORY FOR EMPIRICAL SIMILARITY MODELS
Offer Lieberman, Technion |
||
DONSKER TYPE THEOREMS FOR NONPARAMETRIC MAXIMUM LIKELIHOOD ESTIMATORS
Richard Nickl, Department of Statistics, University of Vienna |
||
PROJECTION ESTIMATION IN NONPARAMETRIC INSTRUMENTAL REGRESSION
Sebastien Van Bellegem, Universite catholique de Louvain Co-Author: Jan Johannes, University of Heidelberg |
||
THE TWO-SAMPLE PROBLEM WITH REGRESSION ERRORS: AN EMPIRICAL PROCESS APPROACH
Juan Mora Lopez, Co-Author: Natalie Neumeyer, Ruhr-Universität Bochum |
14:30 - 16:30 |
EMPIRICAL FINANCE 2 (ESEM EEE)
Chairperson: Jose Olmo, City University, London |
Room J-33 |
COMOVEMENTS IN FINANCIAL MARKETS: THE CURSE OF DIVERSIFICATION
Jose Olmo, City University, London Co-Author: Jesus Gonzalo, UC3Madrid |
||
FREQUENT TURBULENCE? A DYNAMIC COPULA
APPROACH
Andreas Heinen, Universidad Carlos III Madrid Co-Author: Loran Chollete, NHH |
||
IDENTIFYING MULTIPLE OUTLIERS IN HEAVY-TAILED DISTRIBUTIONS WITH AN APPLICATION TO MARKET CRASHES
Mark Trede, University of Munster Co-Author: Christian Schluter, University of Southampton |
||
ON THE DEPENDENCE STRUCTURE, INTEGRATION AND CONTAGION OF THE INTERNATIONAL STOCK MARKETS
Bertrand Melenberg, Tilburg University |
14:30 - 16:30 |
EMPLOYMENT (ESEM EEE)
Chairperson: Lars Vilhuber, Cornell University |
Room J-43 |
CHOOSING HOW TO DOWNSIZE: DETERMINANTS OF MASS LAYOFFS
Lars Vilhuber, Cornell University Co-Author: Kevin McKinney, US Census Bureau |
||
DYNAMIC LABOUR-FORCE PARTICIPATION OF MARRIED WOMEN IN SWEDEN
Nizamul Islam, School of economics and commercial law Gothenburg University Sweden |
||
EMPLOYMENT DYNAMICS OF MARRIED WOMEN IN EUROPE
Konstantinos Tatsiramos, Institute for the Study of Labor (IZA) Co-Author: Pierre-Carl Michaud, Rand |
||
EMPLOYMENT STICKINESS IN SMALL MANUFACTURING FIRMS
Vermeulen Philip, ECB |
14:30 - 16:30 |
LABOUR MARKETS 2 (ESEM EEE)
Chairperson: Carsten Ochsen, University of Rostock |
Room J-44 |
CRIME AND EUROPEAN LABOUR MARKET POLICY
Carsten Ochsen, University of Rostock |
||
EDUCATIONAL QUALIFICATIONS AND WAGE INEQUALITY:EVIDENCE FOR EUROPE
Santiago Budría, University of Madeira and CEEAplA Co-Author: Pedro Telhado Pereira, University of Madeira |
||
EVALUATING DYNAMIC TREATMENT: THE SWEDISH ACTIVE LABOUR MARKET PROGRAMMES
Monica Costa Dias, Institute for Fiscal Studies |
||
INCOME TAXATION IN A COLLECTIVE HOUSEHOLD LABOUR SUPPLY MODEL WITH
DISCRETE HOURS
Hans Bloemen, Free University Amsterdam |
14:30 - 16:30 |
LONG MEMORY 2 (ESEM EEE)
Chairperson: Josu Arteche, University of the Basque Country |
Room J-14 |
ALTERNATIVE FREQUENCY AND TIME DOMAIN VERSIONS OF FRACTIONAL BROWNIAN MOTION
Nigar Hashimzade, University of Exeter Co-Author: James Davidson, Exeter |
||
FULLY MODIFIED NARROW-BAND LEAST SQUARES ESTIMATION OF STATIONARY FRACTIONAL COINTEGRATION
Per Frederiksen, Jyske Bank Co-Author: Morten Nielsen, Cornell University |
||
LONG MEMORY TESTING IN THE TIME DOMAIN
Vladimir Kuzin, Goethe-University Frankfurt Co-Authors: Matei Demetrescu, Goethe-University Frankfurt and Uwe Hassler, Goethe-University Frankfurt |
||
SEMIPARAMETRIC ESTIMATION IN PERTURBED LONG MEMORY SERIES
Josu Arteche, University of the Basque Country |
14:30 - 16:30 |
MODEL SELECTION AND FORECASTING (ESEM EEE)
Chairperson: David Hendry, Oxford University |
Room U-33 |
AUTOMATIC TESTS OF SUPER EXOGENEITY
David Hendry, Oxford University Co-Author: Carlos Santos, Department of Economics, University of Oxford |
||
CO-BREAKING: RECENT ADVANCES AND A SYNOPSIS OF THE LITERATURE
Michael Massmann, University of Bonn Co-Author: David Hendry, Oxford University |
||
EXTENDING THE BOUNDARIES OF PCGETS: NONLINEAR MODELS
Jennifer Castle, Oxford University Co-Author: David Hendry, Oxford University |
||
FORECASTING ECONOMIC AGGREGATES BY DISAGGREGATES
Kirstin Hubrich, Research Department, European Central Bank Co-Author: David Hendry, Oxford University |
||
MODEL SELECTION AND INFERENCE
Benedikt Pötscher, University of Vienna |
14:30 - 16:30 |
NON PARAMETRIC METHODS (ESEM EEE)
Chairperson: Simon Lee, UCL |
Room J-15 |
LOCAL LIKELIHOOD ESTIMATION OF TRUNCATED REGRESSION AND ITS PARTIAL DERIVATIVES: THEORY AND APPLICATION
Valentin Zelenyuk, Kyiv Economics Institute, UPEG/EROC/EERC Co-Authors: Byeong Park, Department of Statistics, Seoul National University and Leopold Simar, Louvain |
||
NONPARAMETRIC IDENTIFICATION AND ESTIMATION OF SEARCH COSTS
Matthijs Wildenbeest, Erasmus University Rotterdam and Tinbergen Institute Co-Authors: José Luis Moraga-González, University of Groningen and Zsolt Sandor, Universidad Carlos III Madrid |
||
NONPARAMETRIC INSTRUMENTAL VARIABLES ESTIMATION OF A QUANTILE REGERESSION MODEL
Simon Lee, UCL Co-Author: Joel L. Horowitz, Northwestern University |
||
RISING WAGE DISPERSION, AFTER ALL! THE GERMAN WAGE STRUCTURE AT THE TURN OF THE CENTURY
Karsten Kohn, Goethe-University Frankfurt |
14:30 - 16:30 |
PANEL DATA (ESEM EEE)
Chairperson: Badi Baltagi, Syracuse University |
Room U-28 |
ESTIMATION OF DYNAMIC LINEAR MODELS IN SHORT PANELS WITH ORDINAL OBSERVATION
Steve Pudney, University of Essex |
||
PANEL DATA MODELS WITH INTERACTIVE FIXED EFFECTS
Jushan Bai, New York University |
||
PANEL UNIT ROOT TESTS AND SPATIAL DEPENDENCE
Badi Baltagi, Syracuse University Co-Author: Georges Bresson, University of Paris II |
||
THE ASYMPTOTICS FOR PANEL MODELS WITH COMMON SHOCKS
Lorenzo Trapani, Cass Business School and Universita'' di Bergamo Co-Authors: Chihwa Kao, Syracuse University and Giovanni Urga, Cass Business School |
14:30 - 16:30 |
QUANTILE REGRESSION (ESEM EEE)
Chairperson: Ivana Komunjer, UCSD |
Room U-32 |
ASYMPTOTIC THEORY FOR NONLINEAR QUANTILE REGRESSION UNDER WEAK DEPENDENCE
Harry Haupt, Department of Econometrics, University of Regensburg Co-Author: Walter Oberhofer, Department of Econometrics, University of Regensburg |
||
CHEAP VERSUS EXPENSIVE TRADES: ASSESSING THE DETERMINANTS OF MARKET IMPACT COSTS
Laura Spierdijk, University of Groningen Co-Authors: Jacob A. Bikker, De Nederlandsche Bank and Pieter Jelle van der Sluis, ABP Investments |
||
ESTIMATION OF COUNTERFACTUAL DISTRIBUTIONS USING QUANTILE REGRESSION
Blaise Melly, SIAW, University of St. Gallen |
||
TESTING MODELS WITH MULTIPLE EQUILIBRIA BY QUANTILE METHODS
Ivana Komunjer, UCSD |
||
THE EFFECTS OF SMOKING AND PRENATAL CARE ON BIRTH OUTCOMES: EVIDENCE FROM QUANTILE ESTIMATION ON PANEL DATA
Christian Dahl, Purdue University Co-Author: Jason Abrevaya, Purdue University |
14:30 - 16:30 |
TIME SERIES (ESEM EEE)
Chairperson: Raffaella Giacomini, Department of Economics, UCLA |
Room J-34 |
AUTOREGRESSIVE APPROXIMATIONS OF MULTIPLE FREQUENCY I(1) PROCESSES
Martin Wagner, Institute for Advanced Studies VIenna Co-Author: Dietmar Bauer, Arsenal Research |
||
DO THE LEADING INDICATORS LEAD PEAKS MORE THAN
TROUGHS?
Rene Segers, Econometric Institute, Erasmus University Rotterdam Co-Authors: Richard Paap, Econometric Institute and Dick Van Dijk, Econometric Institute, Erasmus University Rotteredam |
||
MODEL SELECTION IN UNSTABLE ENVIRONMENTS
Raffaella Giacomini, Department of Economics, UCLA Co-Author: Barbara Rossi, Duke University |
||
NELSON-PLOSSER REVISITED: THE ACF APPROACH
Giovanni Caggiano, University of Glasgow Co-Authors: Karim Abadir, Imperial College and Gabriel Talmain, University of York |
14:30 - 16:30 |
TREATMENT EFFECTS AND PROGRAM EVALUATION 1 (ESEM EEE)
Chairperson: Jose Galdo, Syracuse University and IZA |
Room U-16 |
DOES THE QUALITY OF TRAINING PROGRAMS MATTER? EVIDENCE FROM BIDDING PROCESSES DATA
Jose Galdo, Syracuse University and IZA Co-Author: Alberto Chong, Inter-American Development Bank |
||
EVALUATING THE GERMAN MINI-JOB REFORM USING A TRUE
NATURAL EXPERIMENT
Marco Caliendo, DIW Berlin Co-Author: Katharina Wrohlich, DIW Berlin |
||
INTERGENERATIONAL TRANSMISSION OF WELFARE DEPENDENCY: THE EFFECTS OF LENGTH AND TIMING OF EXPOSURE
Oscar Mitnik, University of Miami |
||
OUTGOING THE SHADOWS: ESTIMATING THE IMPACT OF BUREAUCRACY SIMPLIFICATION AND TAX CUT ON FORMALITY AND INVESTMENT
Juliano Assuncao, Department of Economics, PUC-Rio Co-Author: Joana Monteiro, DAI Brasil |
14:30 - 16:30 | SPECIAL EEA ANNIVERSARY SESSION B |
14:30 - 16:30 |
SPECIAL
EEA ANNIVERSARY SESSION B: ROUNDTABLE ON : RESEARCH AND HIGHER
EDUCATION IN ECONOMICS: CAN WE DELIVER THE LISBON OBJECTIVES? (EEA)
Chairperson: Jacques Dreze, CORE |
Room GF |
PRESENTATION 1
Jacques Dreze, CORE |
||
PRESENTATION 2
Jacques Cremer, Universit´e de Toulouse, IDEI-GREMAQ Discussant(s): Jacques Cremer, Universit´e de Toulouse, IDEI-GREMAQ |
||
PRESENTATION 3
Mathias Dewatripont, Université Libre de Bruxelles Discussant(s): Mathias Dewatripont, Université Libre de Bruxelles |
||
PRESENTATION 4
Andreu Mas-Colell, Universitat Pompeu Fabra Discussant(s): Andreu Mas-Colell, Universitat Pompeu Fabra |
16:30 - 17:00 | COFFEE BREAK |
17:00 - 19:00 |
CONTRIBUTED SESSION 5
EEA |
17:00 - 19:00 |
BEHAVIOURAL ECONOMICS II (EEA)
Chairperson: Ferdinand von Siemens, LMU München |
Room J-13 |
THE INTENSITY OF INCENTIVES IN FIRMS AND MARKETS: MORAL HAZARD WITH ENVIOUS AGENTS
Ferdinand von Siemens, LMU München Co-Author: Björn Bartling, University of Munich |
||
PERFORMANCE INCENTIVES AND THE DYNAMICS OF VOLUNTARY COOPERATION
Esther Kessler, University of Nottingham Co-Authors: Simon Gaechter, University of Nottingham and Manfred Koenigstein , University of Erfurt |
||
COOPERATION AND COMMUNICATION IN FRONT OF A LARGE AUDIENCE: EVIDENCE FROM A TV GAME SHOW
Jeroen Van de Ven, Utrecht School of Economics Co-Authors: Michele Belot, University of Essex and Venkataraman Bhaskar, University College London |
17:00 - 19:00 |
CONTRACTS II (EEA)
Chairperson: Albert Saiz, Wharton School - University of Pennsylvania |
Room J-17 |
DO COURTS MATTER? RENTAL MARKETS AND THE LAW
Albert Saiz, Wharton School - University of Pennsylvania Co-Author: Pablo Casas-Arce, Oxford University |
||
CONTRACTUAL DESIGN OF TOLL ADJUSTMENT PROVISIONS IN INFRASTRUCTURE CONCESSION CONTRACTS: WHAT MATTERS?
Laure Athias, University of Paris 1 - Sorbonne |
||
AN EXPERIMENTAL TEST OF CAREER CONCERNS
Alexander K Koch, Royal Holloway, University of London Co-Authors: Albrecht Morgenstern, Federal Ministry of Finance and Philippe Raab, Allianz Versicherungs-AG |
||
PARTNERSHIP DISSOLUTION, COMPLEMENTARITY AND INVESTMENT INCENTIVES
Jianpei Li, Humboldt University of Berlin Co-Author: Elmar Wolfstetter, Humboldt University of Berlin |
17:00 - 19:00 |
CORPORATE FINANCE V (EEA)
Chairperson: Peter L. Rousseau, Vanderbilt University |
Room J-61 |
THE Q-THEORY OF MERGERS: INTERNATIONAL AND CROSS-BORDER EVIDENCE
Peter L. Rousseau, Vanderbilt University |
||
HOME BIASED? A SPATIAL ANALYSIS OF THE DOMESTIC MERGING BEHAVIOR OF US FIRMS
Michael H. Grote, Goethe University Frankfurt Co-Author: Marc P. Umber, Goethe University |
||
A STUDY OF INEFFICIENT GOING CONCERNS IN BANKRUPTCY
Loranth Gyongyi, Judge Business School, University of Cambridge Co-Author: Julian Franks, London Business School |
||
ON THE INFORMATION CONTENT OF MANDATORY DISCLOSURES
Evelyn Korn, Philipps-Universität Marburg |
17:00 - 19:00 |
SOCIAL SECURITY AND PENSIONS I (EEA)
Chairperson: Paola Profeta, Università Bocconi |
Room J-16 |
EARLY RETIREMENT AND SOCIAL SECURITY: A LONG TERM PERSPECTIVE
Paola Profeta, Università Bocconi Co-Authors: Ignacio Conde Ruiz, Spanish Prime Minister Economic Bureau and Fedea and Vincenzo Galasso, IGIER, Università Bocconi |
||
SOCIAL SECURITY AND STOCK MARKETS
Paolo Pinotti, Universitat Pompeu Fabra and Bank of Italy |
||
PENSION, FERTILITY, AND EDUCATION
Volker Meier, Ifo Institute for Economic Research Co-Author: Matthias Wrede, RWTH Aachen University |
||
THE OPTIMAL DESIGN OF FUNDED PENSIONS: UNBUNDLING FINANCING AND INVESTMENT
Luciano Greco, Universita'' di Padova |
17:00 - 19:00 |
ECONOMIC GROWTH IV (EEA)
Chairperson: Kyriakos Neanidis, University of Manchester |
Room U-24 |
THE ALLOCATION OF PUBLIC EXPENDITURE AND ECONOMIC GROWTH
Kyriakos Neanidis, University of Manchester Co-Author: Pierre-Richard Agenor, University of Manchester |
||
WHY ENGLAND? DEMAND, GROWTH AND INEQUALITY DURING THE
INDUSTRIAL REVOLUTION
Nico Voigtlaender, Universitat Pompeu Fabra Co-Author: Hans-Joachim Voth, Universitat Pompeu Fabra |
||
TECHNOLOGICAL TRANSFERS, LIMITED COMMITMENT AND GROWTH.
Alexandre Dmitriev, Universitat Autònoma de Barcelona |
||
REMITTANCES, FINANCIAL DEVELOPMENT, AND GROWTH
Marta Ruiz-Arranz, International Monetary Fund Co-Author: Paola Giuliano, International Monetary Fund |
17:00 - 19:00 |
TAXATION III (EEA)
Chairperson: Axel Dreher, Swiss Federal Institute of Technology (ETH Zurich) |
Room U-21 |
CORRUPTION AND THE SHADOW ECONOMY: AN EMPIRICAL ANALYSIS
Axel Dreher, Swiss Federal Institute of Technology (ETH Zurich) Co-Author: Friedrich Schneider, Department of Economics, University of Linz |
||
COMPANY TAX REFORM WITH A WATER'S EDGE
Nadine Riedel, University of Munich, Department of Economics Co-Author: Marco Runkel, University of Munich and CESifo |
||
TAX EVADERS KEEP UP WITH THE JONESES
Klaus Beckmann, Andrássy-Universität Budapest |
||
A REFERENCE-DEPENDENT THEORY OF TAX EVASION AND EXCHANGE EQUITY
Matthew D. Rablen, University of Warwick |
17:00 - 19:00 |
FISCAL POLICY I (EEA)
Chairperson: Leopold von Thadden, European Central Bank |
Room U-34 |
DISTORTIONARY TAXATION, DEBT, AND THE PRICE LEVEL
Leopold von Thadden, European Central Bank Co-Author: Andreas Schabert, University of Amsterdam |
||
A POSITIVE THEORY OF GOVERNMENT DEBT
Fernando Martin, Simon Fraser University |
||
PATHS TO FISCAL SUSTAINABILITY
Chryssi Giannitsarou, University of Cambridge, Faculty of Economics Co-Author: Andrew Scott, London Business School |
||
A COMMON POOL THEORY OF DEFICIT BIAS CORRECTION
Signe Krogstrup, Graduate Institute of International Studies Co-Author: Charles Wyplosz, Graduate Institute of International Studies |
17:00 - 19:00 |
HEALTH ECONOMICS II (EEA)
Chairperson: Ruth-Aïda Nahum, Uppsala University & Institute for Future Studies |
Room J-31 |
CHILD HEALTH AND FAMILY INCOME: DOES THE GRADIENT HOLD FOR SWEDEN?
Ruth-Aïda Nahum, Uppsala University & Institute for Future Studies |
||
THE EFFECT OF POVERTY ON THE HEALTH OF NEWBORN CHILDREN – EVIDENCE FROM GERMANY
Marcus Tamm, RWI Essen |
||
THE EFFECT OF EDUCATION ON YOUTH MORTALITY
Alfonso Rosolia, BANK OF ITALY Co-Authors: Piero Cipollone, Bank of Italy, Research Department and Debora Radicchia, ISFOL |
17:00 - 19:00 |
EMPIRICAL INDUSTRIAL ORGANIZATION V (EEA)
Chairperson: Claudio Piga, Loughborough University |
Room J-62 |
ENTRY AND EXIT IN A LIBERALISED MARKET
Claudio Piga, Loughborough University Co-Author: Maria J. Gil Molto, Loughborough University |
||
BUNDLING, COMPETITION ON ENERGY MARKETS
Marion Podesta, Laser, Creden |
||
REMOVING
BARRIERS TO ENTRY: EFFECTS ON PRODUCTIVE EFFICIENCY AND INDUSTRIAL
SICKNESS - A FIRM LEVEL STUDY OF INDIAN MANUFACTURING
Rahel Falk, Austrian Institute of Economic Research |
17:00 - 19:00 |
FINANCIAL MARKETS IV (EEA)
Chairperson: Alexei Goriaev, Assistant Professor |
Room U-46 |
IS POLITICAL RISK COMPANY-SPECIFIC? THE MARKET SIDE OF THE YUKOS AFFAIR
Alexei Goriaev, Assistant Professor Co-Author: Konstantin Sonin, New Economic School |
||
INVESTING FOR THE LONG RUN IN EUROPEANH REAL ESTATE
Massimo Guidolin, Federal Reserve Bank of St. Louis - Research Division Co-Authors: Carolina Fugazza, CeRP, Torino and Giovanna Nicodano, University of Torino |
||
THE COMPETITIVE MARGIN OF BOOKMAKERS UNDER INFORMATION ASYMMETRY
Vasiliki Makropoulou, Athens University of Economics and Business Co-Author: Raphael Markellos, |
||
HOUSE PRICES, CONSUMPTION AND TRADE BALANCE IN THE U.S.
Massimiliano Pisani, Bank of Italy |
17:00 - 19:00 |
LABOUR MARKET DYNAMICS I (EEA)
Chairperson: Antoni Calvo-Armengol, Universitat Autònoma de Barcelona |
Room U-41 |
SOCIAL PREFERENCES, SKILL SEGREGATION AND WAGE DYNAMICS
Antoni Calvo-Armengol, Universitat Autònoma de Barcelona Co-Authors: Antonio Cabrales, Universitat Pompeu Fabra and Nicola Pavoni, University College London |
||
HETEROGENEOUS LABOR, LABOR MARKET FRICTIONS AND EMPLOYMENT EFFECTS OF TECHNOLOGICAL CHANGE
Jens Rubart, Darmstadt University of Technoloy |
||
WAGES AND RISKS AT THE WORKPLACE: EVIDENCE FROM LINKED FIRM-WORKER DATA
Oliver Ruf, University of Zürich Co-Authors: Rafael Lalive, University of Zürich and Josef Zweimüller, University of Zürich |
17:00 - 19:00 |
INFLATION AND PRICE SETTING III (EEA)
Chairperson: Jorge Durán, Centrum voor Economische Studiën, Katholieke Universiteit Leuven |
Room J-11 |
THE MEASUREMENT OF OUTPUT GROWTH AND THE DECLINE OF EQUIPMENT PRICES
Jorge Durán, Centrum voor Economische Studiën, Katholieke Universiteit Leuven Co-Authors: Omar Licandro, EUI- European University Institute and Javier Ruiz-Castillo, Universidad Carlos III |
||
PRICE SETTING BEHAVIOR: MICRO EVIDENCE ON SLOVAKIA
Roman Horvath, Czech Central Bank and Charles Univ Co-Author: Fabrizio Coricelli, University of Siena and CEPR |
||
PRICING BEHAVIOR AND THE RESPONSE OF HOURS TO PRODUCTIVITY SHOCKS
Domenico Marchetti, Banca d''Italia Co-Author: Francesco Nucci, Università di Roma La Sapienza |
||
THE PATTERNS AND DETERMINANTS OF PRICE SETTING IN THE BELGIAN INDUSTRY
Maarten Dossche, National Bank of Belgium - Ghent University Co-Author: David Cornille, National Bank of Belgium |
17:00 - 19:00 |
INTERNATIONAL TRADE IV (EEA)
Chairperson: Federico Trionfetti, CEPN, IUHEI, CEPII |
Room J-21 |
TRADE COSTS AND THE HOME MARKET EFFECT
Federico Trionfetti, CEPN, IUHEI, CEPII Co-Author: Matthieu Crozet, University of Paris 1 |
||
TRADE LIBERALISATION, INCREASE IN COMPETITION AND ECONOMIC GROWTH.
Antonio Navas Ruiz, European University Institute Co-Author: Omar Licandro, EUI- European University Institute |
||
MEASURING THE TFP COSTS OF BARRIERS TO TRADE
Pedro Ferreira, Fundação Getulio Vargas Co-Author: Alberto Trejos, INCAE |
||
DOES TRADE LIBERALIZATION CAUSE UNEMPLOYMENT? THEORY AND EVIDENCE
Alexandre Janiak, ECARES, Université Libre de Bruxelles |
17:00 - 19:00 |
LABOUR MARKET - EMPIRICAL STUDIES VII (EEA)
Chairperson: Alexandra Spitz-Oener, Humboldt University |
Room U-48 |
THE RETURNS TO PENCIL USE REVISITED
Alexandra Spitz-Oener, Humboldt University |
||
RISING WAGE INEQUALITY: DOES THE RETURN TO MANAGAMENT TELL THE WHOLE STORY?
Odile Poulsen, University of East Anglia Co-Author: Anders Frederiksen, Hoover institution, Stanford university and Aarhus School of Business |
||
RISING WAGE INEQUALITY IN GERMANY
Johannes Gernandt, Centre for European Economic Research Co-Author: Friedhelm Pfeiffer, Centre for European Economic Research, University of Mannheim |
||
ON THE IMPACT OF INDIVIDUAL WAGE BARGAINING IN THE SWEDISH TEACHERS' LABOUR MARKET
Martin Söderström, Uppsala University, Department of Economics |
17:00 - 19:00 |
LABOUR MARKET - EMPIRICAL STUDIES VIII (EEA)
Chairperson: Muriel Niederle, Stanford University |
Room J-41 |
DO WOMEN SHY AWAY FROM COMPETITIONS? DO MEN COMPETE TOO MUCH?
Muriel Niederle, Stanford University Co-Author: Lise Vesterlund, University of Pittsburgh |
||
DO MEN AND WOMEN-ECONOMISTS CHOOSE THE SAME RESEARCH FIELDS ?: EVIDENCE FROM
TOP-50 DEPARTMENTS
Florentino Felgueroso, Uni.v de Oviedo Co-Author: Juan J. Dolado, Universidad Carlos III |
||
GENDER WAGE LEADERSHIP
Matthew Lindquist, Stockholm University |
||
LABOR SUPPLY AND CHILD CARE CHOICES WHEN SUBSIDIZED CHILD CARE IS RATIONED - THE CASE OF GERMANY
Katharina Wrohlich, DIW Berlin |
17:00 - 19:00 |
POLITICAL ECONOMY VI (EEA)
Chairperson: Ramon Xifré Oliva, ESCI - U. Pompeu Fabra |
Room U-50 |
MEDIA LOCATION AND POLITICAL INFLUENCE
Ramon Xifré Oliva, ESCI - U. Pompeu Fabra |
||
POLITICAL CYCLES AND THE STOCK MARKET: PRESIDENTIAL AND PRIME MINISTER PUZZLES
Matthias Ederer, University of Oxford Co-Author: Florian Ederer, MIT Economics |
||
POLITICIANS VERSUS BUREAUCRATS: EVIDENCE FROM U.S. LOCAL GOVERNMENTS
Ruben Enikolopov, Harvard University |
||
THE IMPACT OF POLITICAL LEADERS’ PROFESSION AND EDUCATION ON REFORMS
Frank Somogyi, ETH Zürich Co-Authors: Axel Dreher, Swiss Federal Institute of Technology (ETH Zurich), Michael Lamla, ETH Zürich and Sarah Rupprecht, ETH Zürich |
17:00 - 19:00 |
INTERNATIONAL FINANCE V (EEA)
Chairperson: Dagfinn Rime, Norges Bank |
Room J-52 |
`LARGE' VS. `SMALL' PLAYERS: A CLOSER LOOK AT THE DYNAMICS OF SPECULATIVE ATTACKS
Dagfinn Rime, Norges Bank Co-Authors: Geir Bjønnes, Norwegian School of Management, Steinar Holden, University of Oslo and Haakon Solheim, Ministry of Foreign Trade and Industry |
||
FINANCIAL (DIS)INTEGRATION.
Enisse Kharroubi, Banque de France |
||
HABIT FORMATION AND THE TRANSMISSION OF FINANCIAL CRISES
Melisso Boschi, University of Essex Co-Author: Aditya Goenka, University of Essex & National University of Singapore |
17:00 - 19:00 |
INDUSTRIAL ORGANISATION V (EEA)
Chairperson: Liliane Karlinger, University of Vienna |
Room J-32 |
EXCLUSIONARY PRICING AND REBATES IN A NETWORK INDUSTRY
Liliane Karlinger, University of Vienna Co-Author: Massimo Motta, European University Institute |
||
MOBILE TERMINATION AND COLLUSION REVISITED
Felix Hoeffler, Max Planck Institute for Research on Collective Goods, Bonn |
||
WHEN INPUT COMPETES WITH OUTPUT
Luiz Rangel, GREMAQ, Université de Toulouse |
||
TYING AND ENTRY DETERRENCE IN VERTICALLY DIFFERENTIATED MARKETS
Eugen Kovac, CERGE-EI, Charles University Prague and University of Bonn |
17:00 - 19:00 |
LABOUR MARKET - INSTITUTIONS AND PERFORMANCE III (EEA)
Chairperson: Andreas Irmen, University of Mannheim |
Room U-47 |
WAGE POLICY AND UNEMPLOYMENT
Andreas Irmen, University of Mannheim |
||
HOLDUP IN OLIGOPSONISTIC LABOUR MARKETS - A NEW ROLE FOR THE MINIMUM WAGE
Leo Kaas, University of Konstanz Co-Author: Paul Madden, Manchester University |
||
WORKING TIME AS AN INVESTMENT? – THE EFFECTS OF UNPAID OVERTIME ON WAGES, PROMOTIONS, AND LAYOFFS
Silke Anger, German Institute for Economic Research |
||
LABOUR MARKET PROGRAMMES AND THE EQUITY-EFFICIENCY TRADE-OFF
Trine Filges, The Danish National Institute of Social research Co-Authors: John Kennes, University of Copenhagen, Birthe Larsen, CBS and Torben Tranæs, The Rockwool Foundation |
17:00 - 19:00 |
MONETARY POLICY V (EEA)
Chairperson: Javier Gomez Biscarri, IESE - Universidad de Navarra |
Room J-42 |
AN ESTIMATED DSGE MODEL FOR SWEDEN WITH A MONETARY REGIME CHANGE
Daria Finocchiaro, IIES, Stockholm University Co-Author: Vasco Cúrdia , Princeton University |
||
EXPECTATIONS, LEARNING AND MACROECONOMIC PERSISTENCE
Fabio Milani, University of California, Irvine |
||
MONETARY POLICY AND THE POLITICAL SUPPORT FOR A LABOR MARKET REFORM
Alvaro Aguiar, CEMPRE, Faculdade de Economia, Universidade do Porto Co-Author: Ana Paula Ribeiro, CEMPRE, Faculdade de Economia, Universidade do Porto |
||
ECONOMIC INTEGRATION, COMMON MONETARY POLICY AND GROWTH ASYMMETRIES
Marcos Sanso, University of Zaragoza |
17:00 - 19:00 |
GLOBALIZATION, FINANCIAL MARKETS AND MULTINATIONALS (EEA)
Chairperson: Paul Segerstrom, Stockholm School of Economics |
Room J-18 |
MULTINATIONAL FIRMS AND ECONOMIC GROWTH
Paul Segerstrom, Stockholm School of Economics Co-Author: Elias Dinopoulos, University of Florida |
||
GLOBALIZATION AND RISK SHARING
Fernando Broner, CREI and Universitat Pompeu Fabra Co-Author: Jaume Ventura, CREI - Centre de Recerca en Economia Internacional and UPF |
||
FINANCIAL GLOBALIZATION AND THE GOVERNANCE OF DOMESTIC FINANCIAL INTERMEDIARIES
Thierry Tressel, International Monetary Fund Co-Author: Thierry Verdier, Paris-Jourdan Sciences Économiques (PSE) - École Normale Supérieure |
17:00 - 19:00 |
NETWORKS (EEA)
Chairperson: Eleonora Patacchini, University of Rome |
Room J-51 |
PEER EFFECTS AND SOCIAL NETWORKS IN EDUCATION AND CRIME
Eleonora Patacchini, University of Rome Co-Authors: Antoni Calvo-Armengol, Universitat Autònoma de Barcelona and Yves Zenou, The Research Institute of Industrial Economics |
||
A SOCIAL NETWORK ANALYSIS OF OCCUPATIONAL SEGREGATION
Sebastian Buhai, Tinbergen Institute and Aarhus School of Business Co-Author: Marco van der Leij, Tinbergen Institute and Erasmus University Rotterdam |
||
PARTIAL BANDWAGON EFFECTS AND LOCAL INTERACTIONS
Simon Weidenholzer, Dept. of Economics, University of Vienna Co-Author: Carlos Alos-Ferrer, Dept. of Economics, University of Konstanz |
||
NETWORK POTENTIALS
Subhadip Chakrabarti, Queen''s University Belfast Co-Author: Robert Gilles, Virginia Polytechnic Institute and State University |
17:00 - 19:00 |
CONTRIBUTED SESSION 5
ESEM: Theoretical and Applied Economics |
17:00 - 19:00 |
AUCTION II (ESEM TAE)
Chairperson: Laurent Lamy, CREST-LEI |
Room U-23 |
BIDDERS WITH CAREER CONCERNS
Francesco Giovannoni, University of Bristol Co-Author: Miltiadis Makris, University of Exeter |
||
EXPECTATIONS IN FIRST-PRICE AUCTIONS
Oliver Kirchkamp, St Andrews University Co-Author: Philipp Reiss, University of Magdeburg |
||
INFORMATION ACQUISITION AND JUMP BIDDING IN ENGLISH AUCTIONS
Paavo Miettinen, Department of Economics, University of Helsinki |
||
THE AUSUBEL-MILGROM PROXY AUCTION WITH FINAL DISCOUNTS
Laurent Lamy, CREST-LEI |
17:00 - 19:00 |
INTERNATIONAL TRADE II (ESEM TAE)
Chairperson: Xinpeng Xu, Hong Kong Polytechnic University, Hong Kong |
Room U-31 |
DISSECTING FDI
Farid Toubal, Centre d''Economie de la Sorbonne, University of Paris 1, Panthéon Sorbonne Co-Author: Jörn Kleinert, University of Tübingen |
||
HOW TO USE SUBSIDIES TO SUSTAIN TRADE AGREEMENTS
Philip Sauré, European University Institute |
||
REVENUE TARIFF REFORM
James E. Anderson, Boston College Co-Author: J. Peter Neary, University College Dublin |
||
TRADE AND UNEMPLOYMENT: A TWO-SECTOR SEARCH MODEL WITH NON-TRADABLE GOODS
Xinpeng Xu, Hong Kong Polytechnic University, Hong Kong Co-Author: Yu Sheng, The Australian National University, Australia |
17:00 - 19:00 |
LABOUR MARKET III (ESEM TAE)
Chairperson: Alexander Ueberfeldt, Bank of Canada |
Room J-sem 10 |
A FEASIBLE EQUILIBRIUM SEARCH MODEL OF INDIVIDUAL WAGE DYNAMICS WITH EXPERIENCE ACCUMULATION
Francois Fontaine, Universite Strasbourg 3 and IZA Co-Authors: Jesper Bagger, University of Aarhus and Jean Marc Robin, Paris |
||
JOB COMPETITION OVER THE BUSINESS CYCLE: IMPLICATIONS FOR LABOR PRODUCTIVITY AND UNEMPLOYMENT RATES BY SKILL
Andri Chassamboulli, Central European University , Hungarian National Bank |
||
UNEMPLOYMENT, CAPITAL AND HOURS:
ON THE QUANTITATIVE PERFORMANCE OF A DSGE
LABOR MARKET MODEL
Philip Jung, University Frankfurt |
||
WORKING TIME OVER THE 20TH CENTURY
Alexander Ueberfeldt, Bank of Canada |
17:00 - 19:00 |
LAW AND ECONOMICS (ESEM TAE)
Chairperson: Alessandro Riboni, université de Montréal |
Room J-53 |
A THEORY OF JUDICIAL TORTURE
Kong-Pin Chen, Academia Sinica Co-Author: Tsung-Sheng Tsai, Academia Sinica |
||
AN ECONOMIC ANALYSIS OF PRE-TRIAL MEDIATION
Kate Doornik, University of Oxford |
||
AUDITORS' LIABILITY UNDER PROSPECT THEORY
Jochen Bigus, University of Osnabrück |
||
COURTS' DECISION MAKING WITHOUT COMMITMENT:A COMPARATIVE ANALYSIS
Alessandro Riboni, université de Montréal |
17:00 - 19:00 |
MACROECONOMICS AND FINANCE (ESEM TAE)
Chairperson: Francisco Covas, Bank of Canada |
Room U-7 |
BANK HEALTH AND INVESTMENT: AN ANALYSIS OF UNLISTED COMPANIES IN JAPAN
Shin-ichi Fukuda, University of Tokyo |
||
FINANCIAL INNOVATION, MACROECONOMIC STABILITY AND SYSTEMIC CRISES
Stephen Millard, Bank of England Co-Authors: Prasanna Gai, Australian National University, Ander Perez, London School of Economics and Kapadia Sujit, |
||
FINANCIAL INNOVATIONS AND MACROECONOMIC VOLATILITY
Vincenzo Quadrini, University of Southern California Co-Author: Urban Jermann, Wharton School of the University of Pennsylvania |
||
THE ROLE OF DEBT AND EQUITY FINANCE OVER THE BUSINESS CYCLE
Francisco Covas, Bank of Canada Co-Author: Wouter Denhaan, London Business School |
17:00 - 19:00 |
POLITICAL ECONOMY III (ESEM TAE)
Chairperson: Lydia Mechtenberg, Technical University of Berlin |
Room U-30 |
POPULIST POLICIES IN THE TRANSITION TO DEMOCRACY
Daniel Mejia, Brown University Co-Author: Carlos Esteban Posada, Banco de la Repunlica, Colombia |
||
THE COEVOLUTION OF ECONOMIC AND POLITICAL DEVELOPMENT
fali huang, singapore Management University |
||
WAR WITH OUTSIDERS MAKES PEACE INSIDE
Klaas Staal, ZEI(b) Co-Author: Johannes Münster, Free U Berlin & WZB |
||
WHY ARE POLICY REVERSALS THE EXCEPTION, NOT THE RULE?
THE PREDOMINANCE OF IDEOLOGY WITHOUT IDEOLOGISTS
Lydia Mechtenberg, Technical University of Berlin |
17:00 - 19:00 |
PREFERENCES AND DECISION-MAKING I (ESEM TAE)
Chairperson: Pavlo Blavatskyy, IEW, University of Zurich |
Room J-22 |
DIFFERENTIATING AMBIGUITY: A COMMENT
David Kelsey, University of Exeter Co-Authors: Jurgen Eichberger, Heidelberg University and Simon Grant, Rice University |
||
EXACTLY WHAT HAPPENS AFTER THE ANSCOMBE-AUMANN RACE? - REPRESENTING PREFERENCES IN VAGUE ENVIRONMENTS
Marie-Louise Vierø, Queen's University |
||
REGRET AND AMBIGUITY AVERSION
Daniel Krahmer, Free University Berlin Co-Author: Rebecca Stone, University of Leicester |
||
STOCHASTIC EXPECTED UTILITY THEORY
Pavlo Blavatskyy, IEW, University of Zurich |
17:00 - 19:00 |
R&D AND INNOVATION (ESEM TAE)
Chairperson: Chia-Ying Chang, Victoria University of Wellington |
Room J-63 |
BACKSTOP TECHNOLOGY ADOPTION
Pauli Murto, Helsinki School of Economics Co-Author: Matti Liski, Helsinki School of Economics |
||
DYNAMIC R&D INCENTIVES WITH NETWORK EXTERNALITIES
Daniel Cerquera, ZEW Mannheim |
||
IMPLICATIONS OF BETTER INFORMATION FOR TECHNOLOGICAL DEVELOPMENT AND WELFARE
Bernhard Eckwert, Bielefeld University Co-Author: Burkhard Drees, International Monetary Fund |
||
THE ROLE OF MARKET FRICTIONS ON INNOVATIVE AND IMITATIVE ACTIVITIES: A SEARCH-THEORETICAL APPROACH
Chia-Ying Chang, Victoria University of Wellington |
17:00 - 19:00 |
REPUTATION AND DYNAMIC GAMES (ESEM TAE)
Chairperson: Konstantin Sonin, New Economic School |
Room J-sem 20 |
A MODEL OF REPUTATION IN CHEAP TALK, WITH AN
APPLICATION TO LOBBYING AND UNEQUAL
REPRESENTATION
Lars Frisell, Sveriges Riksbank Co-Author: Johan Lagerlöf, Royal Holloway |
||
REPUTATION AND BOUNDED MEMORY
Daniel Monte, Yale University, Economics Department |
||
STRIKES AS RANDOM EQUILIBRIUM PHENOMENA IN A REPEATED GAME WITH INCOMPLETE INFORMATION
Touria Jaaidane, University of Lille 1, MEDEE Co-Author: Robert Gary-Bobo, University Paris I Pantheon-Sorbonne |
||
THE KILLING GAME: REPUTATION AND KNOWLEDGE IN NON-DEMOCRATIC SUCCESSION
Konstantin Sonin, New Economic School Co-Author: Georgy Egorov, Harvard University |
17:00 - 19:00 |
TWO-SIDED MARKETS (ESEM TAE)
Chairperson: Jean Charles Rochet, IDEI Toulouse University |
Room U-42 |
DO CONSUMERS BUY LESS OF A TAXED GOOD?
Marko Koethenbuerger, CES, University of Munich Co-Authors: Hans Jarle Kind, Norwegian School of Economics and Business Administration and Guttorm Schjelderup, Norwegian School of Economics and Business Administration |
||
EMPLOYMENT AGENCIES IN BILATERAL SEARCH MARKETS: A TWO-SIDED
MARKET APPROACH
Trégouët Thomas, CREST-LEI and PSE |
||
TWO-SIDED DUOPOLY WITH COSTLY DIFFERENTIATION
Guillaume Roger, Econometric Society (Student) |
||
TYING IN TWO SIDED MARKETS AND THE HONOR ALL CARDS RULE
Jean Charles Rochet, IDEI Toulouse University Co-Author: jean tirole, IDEI, University of Toulouse |
17:00 - 19:00 |
CONTRIBUTED SESSION 5
ESEM: Econometrics and Empirical Economics |
17:00 - 19:00 |
ASSET PRICING MODELS (ESEM EEE)
Chairperson: Lynda Khalaf, Universite Laval |
Room J-33 |
MEAN-VARIANCE PORTFOLIO ANALYSIS UNDER PARAMETER UNCERTAINTY
Taras Bodnar, European University Viadrina Co-Author: Wolfgang Schmid, European University Viadrina |
||
OPTIMAL ASSET ALLOCATION BASED ON UTILITY MAXIMIZATION IN THE PRESENCE OF MARKET FRICTIONS
Alessandro Bucciol, University of Padua Co-Author: Raffaele Miniaci, University of Brescia |
||
STRATEGIC ASSET ALLOCATION FOR LONG-TERM INVESTORS: PARAMETER UNCERTAINTY AND PRIOR INFORMATION
Roy Hoevenaars, Maastricht University Co-Authors: Roderick Molenaar , , Peter Schotman, Maastricht University and Tom Steenkamp, |
||
TESTING THREE-MOMENTS BASED ASSET PRICING MODELS: AN EXACT NON-GAUSSIAN MULTIVARIATE REGRESSION APPROACH
Lynda Khalaf, Universite Laval Co-Authors: Marie-Claude Beaulieu, Universite Laval and Jean-Marie Dufour, Universite de Montreal |
17:00 - 19:00 |
COINTEGRATION 3 (ESEM EEE)
Chairperson: Yongcheol Shin, University of Leeds |
Room J-14 |
AN ARDL APPROACH TO AN ANALYSIS OF ASYMMETRIC LONG-RUN COINTEGRATING RELATIONSHIPS
Yongcheol Shin, University of Leeds Co-Author: Byungchul Yu, Dong A University |
||
COINTEGRATION ANALYSIS IN TIME SERIES MODELS WITH A SMALL CROSS-SECTIONAL DIMENSION
Roger Hammersland, Norges Bank |
||
TESTING PANEL COINTEGRATION WITH UNOBSERVABLE DYNAMIC COMMON FACTORS
Josep Lluis Carrion-i-Silvestre, Universidad de Barcelona Co-Author: Jushan Bai, New York University |
||
TESTS FOR COINTEGRATION AND THE INITIAL CONDITION
Niklas Ahlgren, Swedish School of Economics Co-Author: Mikael Juselius, University of Helsinki |
17:00 - 19:00 |
ECONOMICS OF EDUCATION 3 (ESEM EEE)
Chairperson: Melissa Tartari, University of Pennsylvania |
Room J-43 |
DIVORCE AND THE COGNITIVE ACHIEVEMENT OF CHILDREN
Melissa Tartari, University of Pennsylvania |
||
INTERGENERATIONAL EFFECTS OF MOTHER'S SCHOOLING ON CHILDREN'S OUTCOMES: CAUSAL LINKS AND TRANSMISSION CHANNELS
Matthias Parey, University College London (UCL) Co-Authors: Pedro Carneiro, and Costas Meghir, University College London |
||
THE RETURNS TO COMPUTER USE REVISITED, AGAIN
Raji Jayaraman, Center for Economic Studies and CESifo Co-Authors: Benoit Dostie, HEC Montreal and Mathieu Trépanier, Kellogg School of Management, Northwestern University |
||
THE WORLD JOINT DISTRIBUTION OF EDUCATION AND INCOME: 1870-2000
Murtin Fabrice, LSE, CREST Co-Author: Morrisson Christian, University Paris I |
17:00 - 19:00 |
EMPIRICAL FINANCE 3 (ESEM EEE)
Chairperson: Pascal St-Amour, HEC University of Lausanne |
Room J-34 |
DIRECT PREFERENCE FOR WEALTH IN AGGREGATE HOUSEHOLD PORTFOLIOS
Pascal St-Amour, HEC University of Lausanne |
||
RETAIL INVESTORS' TRADING BEHAVIOR IN THE FOREIGN EXCHANGE MARKET: A PANEL DURATION APPROACH
Ingmar Nolte, University of Konstanz |
||
SURPLUS CONSUMPTION RATIO AND EXPECTED ASSET RETURNS
Imen Ghattassi, University of Toulouse - GREMAQ |
||
THE INTRODUCTION OF THE EURO AND ITS EFFECTS ON INVESTMENT DECISIONS
Rainer F.H. Haselmann, Columbia University Co-Author: Helmut Herwartz, Institute of Statistics and Econometrics, University of Kiel |
17:00 - 19:00 |
FACTOR MODELS (ESEM EEE)
Chairperson: Marine Carrasco, Universite de Montreal |
Room U-32 |
"USING HIGH-ORDER MOMENTS TO ESTIMATE INDEPENDENT FACTOR MODELS"
Stéphane Bonhomme, CEMFI (madrid) Co-Author: Jean Marc Robin, Paris |
||
INSTRUMENTAL VARIABLES ESTIMATORS BASED ON PRINCIPAL COMPONENTS
Marine Carrasco, Universite de Montreal |
||
SWITCHING VARMA TERM STRUCTURE MODELS
Fulvio Pegoraro, CREST - Laboratoire de Finance-Assurance Co-Author: Alain Monfort, Cnam and Crest (Paris). |
||
THE CYCLICAL COMPONENT FACTOR MODEL
Christian Dahl, Purdue University Co-Authors: Henrik Hansen, Department of Economics and John Smidt, The Economic Counsil |
17:00 - 19:00 |
HOUSING, PAINTING, AND CRIME (ESEM EEE)
Chairperson: Douglas Hodgson, Dept. economics, UQÀM |
Room J-44 |
AGE-PRICE PROFILES FOR CANADIAN PAINTERS AT AUCTION
Douglas Hodgson, Dept. economics, UQÀM |
||
BLACK-WHITE LABOUR MARKET CONDITIONS AND PROPERTY CRIMES IN THE US: A QUANTITATIVE EQUILIBRIUM ANALYSIS
Marco Cozzi, UCL and UPENN |
||
THE EFFECT OF THE THEO VAN GOGH MURDER ON HOUSE PRICES IN AMSTERDAM
Aico Van Vuuren, Free University Amsterdam Co-Authors: Pieter Gautier, Vrije Universiteit Amsterdam and Arjen Siegmann, Vrije Universiteit |
||
WAS THERE A BRITISH HOUSE PRICE BUBBLE? EVIDENCE FROM A REGIONAL PANEL
Anthony Murphy, Nuffield College Co-Authors: Gavin Cameron, University of Oxford and John Muellbauer, Nuffield College, Oxford |
17:00 - 19:00 |
MIGRATION (ESEM EEE)
Chairperson: Pierre-Thomas Leger, HEC Montreal, CIRANO and CIRPEE |
Room U-28 |
DIFFERENCES IN UNEMPLOYMENT DYNAMICS BETWEEN MIGRANTS AND NATIVES IN GERMANY
Klaus F. Zimmermann, IZA, DIW Berlin and Bonn University Co-Authors: Arne Uhlendorff, DIW Berlin, IZA Bonn and Klaus F. Zimmermann, IZA, DIW Berlin and Bonn University |
||
LABOUR MARKET PERFORMANCE OF IMMIGRANTS IN GERMANY REVISITED: THE IMPORTANCE OF OMITTED VARIABLE AND ATTRITION BIAS
Stefanie Christine Schurer, Ruhr Graduate School in Economics Co-Author: Michael Fertig, RWI Essen, IZA Bonn |
||
SELF-SELECTION IN MIGRATION AND RETURNS TO SKILLS
Pierre-Thomas Leger, HEC Montreal, CIRANO and CIRPEE Co-Author: Benoit Dostie, HEC Montreal |
||
THE LABOUR MARKET IMPACT OF IMMIGRATION: QUASI-EXPERIMENTAL EVIDENCE
Albrecht Glitz, UCL |
17:00 - 19:00 |
NONPARAMETRIC AND NONSTATIONARY MODELS (ESEM EEE)
Chairperson: Robert de Jong, Ohio State University |
Room U-16 |
A PROJECTION APPROACH TO ADDITIVE NONPARAMETRIC ESTIMATION OF RECURRENT MARKOV PROCESSES
Melanie Schienle, University of Mannheim |
||
NONPARAMETRIC ESTIMATION FOR NON-HOMOGENEOUS SEMI-MARKOV PROCESSES: AN APPLICATION TO CREDIT RISK
Andre Antonio Monteiro, Department of Finance, Free University Amsterdam Co-Authors: Andre Lucas, Department of Finance, Free University Amsterdam and Georgi Smirnov, Department of Applied Mathematics, University of Porto |
||
NONPARAMETRIC PREDICTION OF NONSTATIONARY SPATIO-TEMPORAL
PROCESSES\
Suhasini Subba Rao, University of Bristol Co-Author: Jan Johannes, University of Heidelberg |
||
NONSTATIONARY CENSORED REGRESSION
Robert de Jong, Ohio State University Co-Author: Ling Hu, Ohio State University |
17:00 - 19:00 |
PANEL DATA 2 (ESEM EEE)
Chairperson: Hans-Eggert Reimers, Hochschule Wismar, Business Department |
Room J-12 |
A FUNCTIONAL COEFFICIENT APPROACH TO MODELING THE FISHER HYPOTHESIS: WORLD WIDE EVIDENCE
Hans-Eggert Reimers, Hochschule Wismar, Business Department Co-Author: Helmut Herwartz, Institute of Statistics and Econometrics, University of Kiel |
||
A TEST OF CROSS SECTION DEPENDENCE FOR A LINEAR DYNAMIC PANEL MODEL WITH REGRESSORS
Takashi Yamagata, Research Associate Co-Authors: Donald Robertson, Lecturer and Vasilis Sarafidis, Lecturer |
||
DERIVATION AND EXPLOITATION OF THE LIMITING DISTRIBUTION OF THE LSDV ESTIMATOR IN DYNAMIC PANEL DATA MODELS
Jan Kiviet, Amsterdam Co-Author: Maurice Bun, University of Amsterdam |
||
JACKKNIFE BIAS REDUCTION FOR NONLINEAR DYNAMIC PANEL DATA MODELS WITH FIXED EFFECTS
Koen Jochmans, K.U. Leuven Co-Authors: Geert Dhaene, K.U. Leuven and Bram Thuysbaert, K.U. Leuven and Université Laval |
17:00 - 19:00 |
POLITICAL ECONOMY (ESEM EEE)
Chairperson: Torsten Persson, IIES, Stockholm University |
Room U-33 |
DECODING
THE CODE OF CIVIL PROCEDURE: AN EXPLANATION OF THE VARIATION IN THE
SPEED OF THE JUDICIARY ACROSS STATES AND YEARS IN INDIA.
Matthieu Chemin, University of Quebec at Montreal |
||
DO DECLINING U.S. TARIFFS LEAD TO A FALL IN DEMOCRATIC VOTE SHARE?
Miaojie Yu, University of Hong Kong |
||
OPTIMAL MONETARY POLICY IN THE TRANSITION TO EMU: NONLINEARITIES IN THE SPREADS
Javier Gomez Biscarri, IESE - Universidad de Navarra Co-Author: Fernando Perez De Gracia, UNIVERSIDAD DE NAVARRA |
||
POLITICAL COMPETITION AND ECONOMIC PERFORMANCE: THEORY AND EVIDENCE FROM THE UNITED STATES
Torsten Persson, IIES, Stockholm University Co-Authors: Tim Besley, and Daniel Sturm, |
17:00 - 19:00 |
THRESHOLD MODELS AND UNIT ROOTS (ESEM EEE)
Chairperson: Jean-Yves Pitarakis, University of Southampton |
Room J-15 |
TESTING FOR PARAMETER STABILITY IN DYNAMIC MODELS ACROSS
FREQUENCIES
BERTRAND CANDELON, UNIVERSITY MAASTRICHT Co-Author: Gianluca Cubadda, Università di Roma "Tor Vergata" |
||
TESTING FOR UNIT ROOTS IN AUTOREGRESSIONS WITH MULTIPLE LEVEL SHIFTS
Giuseppe Cavaliere, University of Bologna Co-Author: Iliyan Georgiev, Universidade Nova de Lisboa |
||
THRESHOLD EFFECTS IN COINTEGRATING RELATIONSHIPS
Jean-Yves Pitarakis, University of Southampton Co-Author: Jesus Gonzalo, UC3Madrid |
||
THRESHOLD INTEGRATED MOVING AVERAGE MODELS
Oscar Martinez, Universidad Rovira i Virgili Co-Author: Jesus Gonzalo, UC3Madrid |
19:00 | CONFERENCE DINNER "HEURIGER" |
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