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 14:06:51

SUNDAY 27 AUGUST 2006

DAY OVERVIEW
09:00 - 11:00 INVITED SESSION 2
11:00 - 11:30 COFFEE BREAK
11:30 - 13:30 CONTRIBUTED SESSION 6 ESEM Econometrics
11:30 - 13:30 CONTRIBUTED SESSION 6 ESEM Theory
11:30 - 13:30 CONTRIBUTED SESSION 6 EEA
11:30 - 13:30 SPECIAL EEA ANNIVERSARY SESSION C
13:30 - 14:30 LUNCH TIME
13:30 - 14:30 EEA COUNCIL LUNCH
14:30 - 16:30 CONTRIBUTED SESSION 7 ESEM Econometrics
14:30 - 16:30 CONTRIBUTED SESSION 7 ESEM Theory
14:30 - 16:30 CONTRIBUTED SESSION 7 EEA
16:30 - 17:00 COFFEE BREAK
17:00 - 19:00 EEA PRESIDENTIAL ADDRESS
19:00 EEA MEMBER MEETING

09:00 - 11:00 INVITED SESSION 2
EEA

09:00 - 11:00 LEARNING ABOUT THE DETERMINANTS OF ECONOMIC GROWTH USING INDUSTRY DATA (EEA)
Chairperson: Antonio Ciccone, Universitat Pompeu Fabra
Room U-21
  MARKET REGULATION AND THE INTERSECTORAL ALLOCATION OF LABOR
Antonio Ciccone, Universitat Pompeu Fabra
Co-Author: Elias Papaioannou, European Central Bank

  
  CAPITAL TAXES, TRADE COSTS AND THE IRISH MIRACLE
John Romalis, The University of Chicago Graduate School of Business

  
  FINANCIAL DEPENDENCE AND GROWTH REVISITED
Raymond Fisman, The Columbia Business School
Co-Author: Inessa Love, The World Bank
  
09:00 - 11:00 MACROECONOMICS OF FINANCIAL GLOBALIZATION (EEA)
Chairperson: Philip Lane, Trinity College Dublin
Room U-41
  THE DYNAMICS OF EXTERNAL CAPITAL STRUCTURES
Philip Lane, Trinity College Dublin
Co-Authors: Andre Faria, International Monetary Fund - Research Department, Paolo Mauro, INTERNATIONAL MONETARY FUND - IMF and Gian Maria Milesi-Ferretti, IMF

  
  COUNTRY PORTFOLIOS IN OPEN ECONOMY MACROECONOMIC MODELS
Michael Devereux, University of British Columbia
Co-Author: Alan Sutherland, University of St Andrews

  
  FINANCIAL INTEGRATION, MACROECONOMIC VOLATILITY AND WELFARE
Viktoria Hnatkovska, Georgetown University
Co-Author: Martin D. Evans, Georgetown University
  
09:00 - 11:00 MONEY IN MONETARY POLICY (EEA)
Chairperson: Stefan Gerlach, Bank for International Settlements
Room U-50
  MONEY STILL MAKES THE WORLD GO ROUND: THE ZONAL VIEW
Michael Bordo, Rutgers University and NBER
Co-Author: Andrew Filardo, Bank for International Settlements

  
  THE ROLE OF MONEY IN MONETARY POLICY DESIGN UNDER UNCERTAINTY
Volker Wieland, Goethe University of Frankfurt

  
  MONEY AT LOW FREQUENCIES
Katrin Assenmacher-Wesche, Swiss National Bank
Co-Author: Stefan Gerlach, Bank for International Settlements
  
09:00 - 11:00 COMMUNICATION AND COMPLEXITY IN ORGANIZATIONS (EEA)
Chairperson: Timothy Van Zandt, INSEAD
Room U-47
  MECHANISM DESIGN WITH COMMUNICATION COSTS
Timothy Van Zandt, INSEAD

  
  CODES: LANGUAGE AND COMMUNICATION
Jacques Cremer, Universit´e de Toulouse, IDEI-GREMAQ

  
  CORPORATE PREDICTION MARKETS
Marco Ottaviani, London Business School
  
09:00 - 11:00 ECONOPHYSICS, APPLICATIONS TO ECONOMICS OF IDEAS AND TECHNIQUES FROM STATITICAL PHYSICS (EEA)
Chairperson: Xavier Gabaix, MIT Department of Economics
Room U-34
  TRADING AND FAT-TAILED STOCK MARKET VOLATILITY
Xavier Gabaix, MIT Department of Economics

  
  THE GROWTH OF BUSINESS FIRMS: FACTS AND THEORY
Fabio Pammolli, IMT, Lucca Institute for Advanced Studies

  
  RELATION BETWEEN BID-ASK SPREAD, IMPACT AND VOLATILITY IN DOUBLE AUCTION MARKETS
Matthieu Wyart, Harvard University
  
09:00 - 11:00 INVITED SESSION 2
ESEM: Theoretical and Applied Economics

09:00 - 11:00 THE ECONOMICS AND PSYCHOLOGY OF PROSOCIAL BEHAVIOR: THEORY AND FIELD (ESEM TAE)
Chairperson:
Room
  FIELD EXPERIMENTS IN ECONOMICS
John List, University of Chicago
  
09:00 - 11:00 INVITED SESSION 2
ESEM: Econometrics and Empirical Economics

09:00 - 11:00 TIME SERIES (ESEM EEE)
Chairperson:
Room
11:00 - 11:30 COFFEE BREAK

11:30 - 13:30 CONTRIBUTED SESSION 6
EEA

11:30 - 13:30 BEHAVIOURAL ECONOMICS III (EEA)
Chairperson: Jordi Brandts, UAB Barcelona
Room U-21
  RELATIVE POSITION, PRICES OF SACRIFICE AND RECIPROCITY: AN EXPERIMENTAL STUDY USING INDIVIDUAL DECISIONS
Jordi Brandts, UAB Barcelona
Co-Authors: Enrique Fatas, Universidad de Valencia and Francisco Lagos, Universidad de Granada

  
  ALTRUISM, CLIMATE, AND EVOLUTION
Ingela Alger, Boston College
Co-Author: Jörgen Weibull, Stockholm School of Economics

  
  A WITHIN-SUBJECT ANALYSIS OF OTHER-REGARDING PREFERENCES
Dirk Engelmann, Royal Holloway, University of London
Co-Authors: Mariana Blanco, Royal Holloway, University of London and Hans Normann, Royal Holloway, University of London

  
  NATURAL SELECTION AND SOCIAL PREFERENCES
Jörgen Weibull, Stockholm School of Economics
Co-Author: Marcus Salomonsson, Stockholm School of Economics
  
11:30 - 13:30 BUSINESS CYCLES II (EEA)
Chairperson: Julen Esteban-Pretel, University of Tokyo
Room U-46
  A COMPARISON OF THE JAPANESE AND THE U.S. BUSINESS CYCLES
Julen Esteban-Pretel, University of Tokyo
Co-Authors: Richard Anton Braun, University of Tokyo, Toshihiro Okada, Kwansei Gakuin University and Nao Sudou, Boston University

  
  STAGE-SPECIFIC TECHNOLOGY SHOCKS AND EMPLOYMENT: COULD WE RECONCILE WITH THE RBC MODELS?
Boudaya Chahnez, EUREQua

  
  UNEMPLOYMENT AND INFLATION CONSEQUENCES OF UNEXPECTED ELECTION RESULTS
Gunther Markwardt, Dresden University of Technology
Co-Author: Michael Berlemann, Ifo Institute of Economic Research

  
  BUSINESS CYCLES WITH ENDOGENOUS MARK-UPS
Luis F. Costa, ISEG, Technical University of Lisbon
Co-Authors: Paulo Brito, ISEG, Technical University of Lisbon and Huw Dixon, University of York
  
11:30 - 13:30 CONTRACTS III (EEA)
Chairperson: Eva-Maria Steiger, Max Planck Institute of Economics, Strategic Interaction Group, Jena
Room U-24
  EX-ANTE VS. EX-POST EFFICIENCY IN PERSONAL BANKRUPTCY PROCEEDINGS
Eva-Maria Steiger, Max Planck Institute of Economics, Strategic Interaction Group, Jena

  
  ON THE OPTIMALITY OF NEGLIGENCE AND CAUSATION STANDARDS IN CASES OF UNCERTAIN CAUSATION
Ansgar Wohlschlegel, University of Aachen
Co-Authors: Eberhard Feess, University of Aachen and Gerd Muehlheusser, University of Bern

  
  OPTIMAL VERTICAL ARRANGEMENTS IN THE PRESENCE OF CONTRACTUAL INCOMPLETENESS AND A RESALE POSSIBILITY
Mariano Selvaggi, London School of Economics

  
  THE ROLE OF EQUALITY AND EFFICIENCY IN SOCIAL PREFERENCES
Michael Naef, University of Zurich
Co-Authors: Ernst Fehr, University of Zurich and Klaus M. Schmidt, University of Munich
  
11:30 - 13:30 REGULATION AND REFORM II (EEA)
Chairperson: Roland Hodler, University of Bern
Room J-13
  INDUSTRIAL POLICY IN AN IMPERFECT WORLD
Roland Hodler, University of Bern

  
  YARDSTICK COMPETITION WHEN QUALITY IS ENDOGENOUS: THE CASE OF HOSPITAL REGULATION
Hanjo Koehler, Munich University

  
  INTEGRATED PRODUCT POLICY AND ENVIRONMENTAL PRODUCT INNOVATIONS: AN EMPIRICAL ANALYSIS
Andreas Ziegler, Centre for European Economic Research (ZEW)
Co-Authors: Katharina-Maria Rehfeld, Delegation of German Industry & Commerce Shanghai and Klaus Rennings, Centre for European Economic Research (ZEW)

  
  HOW DO STOCK MARKETS REACT TO INDUSTRIAL ACCIDENTS? THE CASE OF CHEMICAL AND OIL INDUSTRY
Marie-Aude Laguna, CES Université Paris I Panthéon-Sorbonne CNRS & ADEME
Co-Author: Gunther Capelle-Blancard, CES Université Paris 1 Panthéon Sorbonne CNRS & EconomiX Université Paris X
  
11:30 - 13:30 ECONOMIC GROWTH V (EEA)
Chairperson: Walter H. Fisher, Institute for Advanced Studies
Room U-41
  CONSUMPTION JEALOUSY AND TWO-SECTOR ECONOMIC ADJUSTMENT
Walter H. Fisher, Institute for Advanced Studies

  
  CONSUMPTION JEALOUSY IN A TWO SECTOR MODEL
Georg Duernecker, European University Institute

  
  THE EFFECTS OF FACTOR AND SECTOR BIASED TECHNICAL CHANGE REVISITED
Robert Stehrer, wiiw

  
  FINANCE, INSTITUTIONS AND GROWTH: ACCOUNTING FOR MODEL UNCERTAINTY
Andreas Leukert, Munich Graduate School of Economics
  
11:30 - 13:30 ECONOMIC THEORY II (EEA)
Chairperson: Ines Macho-Stadler, Universitat Autonoma de Barcelona
Room U-50
  SHARING THE SURPLUS: AN EXTENSION OF THE SHAPLEY VALUE FOR ENVIRONMENTS WITH EXTERNALITIES
Ines Macho-Stadler, Universitat Autonoma de Barcelona
Co-Authors: David Perez-Castrillo, UAB, Barcelona and David Wettstein, Beer-Sheva University of the Negev

  
  THE EMPIRICAL CONTENT OF THE SIGNALING HYPOTHESIS
Humberto Moreira, Getulio Vargas Foundation
Co-Authors: Aloisio Araujo, EPGE/FGV and IMPA and Daniel Gottlieb, MIT

  
  PRIVATE ENFORCEMENT AGAIN COLLUSION IN MECHANISM DESIGN
Chen Zhijun , GREMAQ, Toulouse University of Social Science

  
  CARDINALITY VS. ORDINALITY: A SUGGESTED COMPROMISE
Michael Mandler, Royal Holloway College, University of London
  
11:30 - 13:30 EMPIRICAL MACROECONOMICS I (EEA)
Chairperson: Charlotta Groth, Bank of England
Room U-48
  INVESTMENT ADJUSTMENT COSTS: EVIDENCE FROM UK AND US INDUSTRIES
Charlotta Groth, Bank of England
Co-Author: Hashmat Khan, Carleton University

  
  THE SUBSTITUTION ELASTICITY, GROWTH THEORY, AND THE LOW-PASS FILTER PANEL MODEL
Debdulal Mallick, Emory University, Economics Department
Co-Author: Robert Chirinko, Emory University

  
  (UN)PREDICTABILITY AND MACROECONOMIC STABILITY
Domenico Giannone, ECARES-Universite' Libre de Bruxelles
Co-Authors: Antonello D' Agostino, Central Bank and Financial Services Authority of Ireland, ECARES and Paolo Surico, Bank of England and University of Bari

  
  PUZZLING COMOVEMENTS BETWEEN OUTPUT AND INTEREST RATES? MULTIPLE SHOCKS ARE THE ANSWER.
Elmar Mertens, Study Center Gerzensee
  
11:30 - 13:30 EMPIRICAL TRADE II (EEA)
Chairperson: Jörn Kleinert, University of Tübingen
Room J-62
  A STRUCTURAL MODEL OF EXPORT VERSUS AFFILIATES PRODUCTION
Jörn Kleinert, University of Tübingen
Co-Author: Farid Toubal, Centre d''Economie de la Sorbonne, University of Paris 1, Panthéon Sorbonne

  
  DO FINANCIAL FACTORS AFFECT EXPORTING DECISIONS?
Alessandra Guariglia, University of Nottingham
Co-Authors: David Greenaway, University of Nottingham and Richard Kneller, University of Nottingham

  
  THE GEOGRAPHIC DISTRIBUTION OF ECONOMIC ACTIVITIES OF USA MULTINATIONAL ENTERPRISES
Felipa de Mello-Sampayo, ISCTE, Economics Department
  
11:30 - 13:30 HUMAN CAPITAL (EEA)
Chairperson: Jens Suedekum, University of Konstanz
Room J-21
  HUMAN CAPITAL EXTERNALITIES AND GROWTH OF HIGH- AND LOW-SKILLED JOBS
Jens Suedekum, University of Konstanz

  
  HUMAN CAPITAL EXTERNALITIES: EVIDENCE FROM THE TRANSITION ECONOMY OF RUSSIA
Alexander Muravyev, European University Institute

  
  HUMAN CAPITAL AND THE DYNAMIC EFFECTS OF TRADE
Raphael Auer, MIT

  
  UNIVERSITY RESEARCH AND THE LOCATION OF BUSINESS R&D
Laura Abramovsky, Institute for Fiscal Studies and University College London
Co-Authors: Rupert Harrison, Institute for Fiscal Studies and University College London and Helen Simpson, The Institute for Fiscal Studies
  
11:30 - 13:30 FOREIGN DIRECT INVESTMENT III (EEA)
Chairperson: Matthias Busse, HWWA Hamburg Institute of International Economics
Room J-52
  POLITICAL RISK, INSTITUTIONS AND FOREIGN DIRECT INVESTMENT
Matthias Busse, HWWA Hamburg Institute of International Economics
Co-Author: Hefeker Carsten, University of Siegen

  
  POLITICS OF COMPETITION FOR FOREIGN DIRECT INVESTMENT: A SIMPLE THEORY
Jie Ma, University of Southampton

  
  THE POLITICAL INUENCE OF FOREIGN FIRMS IN DEVELOPING COUNTRIES
Vauday Julien, University Paris I - Panthéon Sorbonne
Co-Author: Rodolphe Desbordes, TEAM

  
  GLOBALISATION, VERTICAL LINKAGES, AND ‘RELATIONAL CONTRACTS‘
Gregory Corcos, Paris Jourdan Sciences Economiques
  
11:30 - 13:30 INNOVATION AND PRODUCTIVITY III (EEA)
Chairperson: Elisabeth Mueller, ZEW, Mannheim, Germany
Room J-17
  HOW IMPORTANT IS EQUITY FINANCE FOR R&D ACTIVITY? - EVIDENCE FROM GERMAN SMALL AND MEDIUM-SIZED ENTERPRISES
Elisabeth Mueller, ZEW, Mannheim, Germany
Co-Author: Volker Zimmermann, KfW Bankengruppe, Frankfurt

  
  INSTITUTIONS AND INFORMATION AND COMMUNICATION TECHNOLOGY ADOPTION
Johan Kiessling, Department of Economics. Stockholm University

  
  INDUSTRIAL STRUCTURE, ICT AND AGGREGATE PRODUCTIVITY - LESSONS FOR THE LISBON STRATEGY
Susanne Mundschenk, London School of Economics

  
  DURABLE GOODS, INNOVATION AND NETWORK EXTERNALITIES
Daniel Cerquera, ZEW Mannheim
  
11:30 - 13:30 INTERNATIONAL TRADE V (EEA)
Chairperson: Dieter Urban, Johannes Gutenberg University Mainz
Room J-42
  A THEORETICAL PERSPECTIVE ON MULTILATERAL INVESTMENT AGREEMENTS
Dieter Urban, Johannes Gutenberg University Mainz
Co-Author: Alessandro Turrini, EU Commission

  
  FREE TRADE AREAS AND MANAGED TRADE
Chrysostomos Tabakis, Universidade Nova de Lisboa

  
  TRADE, WAR, AND POLITICAL INTEGRATION: THE REGIONAL INTERPLAYS
Vincent Vicard, CES, University of Paris I Panthéon-Sorbonne & CNRS

  
  TRADE NEGOTIATIONS, DOMESTIC POLICIES, AND THE CHOICE OF SAFEGUARD REGIMES
Gal Hochman, The Technion
  
11:30 - 13:30 INVESTMENT AND ENTREPRENEURSHIP IV (EEA)
Chairperson: Lutz Weinke, Duke University
Room U-47
  IS LUMPY INVESTMENT REALLY IRRELEVANT FOR THE BUSINESS CYCLE?
Lutz Weinke, Duke University
Co-Author: Tommy Sveen, Norges Bank

  
  LUMPY INVESTMENT IN DYNAMIC GENERAL EQUILIBRIUM
Ruediger Bachmann, Yale University
Co-Authors: Ricardo Caballero, MIT and Eduardo Engel, Yale University

  
  LUMPY INVESTMENTS, FACTOR ADJUSTMENTS AND PRODUCTIVITY
Marina Rybalka, Statistics Norway
Co-Authors: Øivind Anti Nilsen, Norwegian School of Economics and Business Administration, Arvid Raknerud, Statistics Norway and Terje Skjerpen, Statistics Norway

  
  CREDIT MARKET FRICTIONS WITH COSTLY CAPITAL REALLOCATION AS A PROPAGATION MECHANISM
Andre Kurmann, UQAM
Co-Author: Nicolas Petrosky-Nadeau, UQAM
  
11:30 - 13:30 DEMOGRAPHY AND ECONOMICS I (EEA)
Chairperson: Juha Kilponen, Bank of Finland
Room J-18
  DEMOGRAPHIC TRANSITION AND LABOUR MARKET IMPERFECTIONS IN SMALL OPEN ECONOMY
Juha Kilponen, Bank of Finland

  
  ON THE CONSEQUENCES OF DEMOGRAPHIC CHANGE FOR INTERNATIONAL CAPITAL FLOWS, RATES OF RETURNS TO CAPITAL, AND THE DISTRIBUTION OF WEALTH AND WELFARE
Alexander Ludwig, MEA, Universität Mannheim
Co-Author: Dirk Krueger, Johann Wolfgang Goethe University Frankfurt am Main

  
  FROM BUSTS TO BOOMS IN BABIES AND GODIES
Alice Schoonbroodt, University of minnesota
Co-Authors: Michele Boldrin, University of Minnesota and Larry Jones, University of Minnesota
  
11:30 - 13:30 ECONOMICS OF FAMILIES AND LIVING ARRANGEMENTS I (EEA)
Chairperson: Stefania Albanesi, Columbia University
Room J-11
  MATERNITY LEAVE LEGISLATION, FEMALE LABOR SUPPLY, AND THE FAMILY WAGE GAP
Uta Schoenberg, University of Rochester
Co-Author: Johannes Ludsteck, Institut fuer Arbeitsmarkt- und Berufsforschung

  
  DOES MIGRATION EMPOWER MARRIED WOMEN?
Paola Conconi, Universite'' Libre de Bruxelles (ECARES), University of Warwick and CEPR
Co-Authors: Natalie Chen, University of Warwick, Universite' Libre de Bruxelles (ECARES) and CEPR and Carlo Perroni, University of Warwick

  
  THE EFFECT OF DIVORCE LAWS ON DIVORCE RATES IN EUROPE
Libertad Gonzalez, Universidad Pompeu Fabra
Co-Author: Tarja Viitanen, University of Sheffield

  
  RELATIVE INCOME IN INTRAHOUSEHOLD ANALYSIS OF FINANCIAL SATISFACTION: SOURCES AND CONTRIBUTIONS
Victoria Ateca-Amestoy, Universidad del País Vasco
Co-Authors: Namkee Ahn, FEDEA and Arantza Ugidos, Universidad del Pais Vasco
  
11:30 - 13:30 MIGRATION II (EEA)
Chairperson: Francesc Ortega, Universitat Pompeu Fabra
Room U-34
  DOES COMPETITION FOR (HUMAN) CAPITAL DISCIPLINE GOVERNMENTS? THE ROLE OF COMMITMENT
Francesc Ortega, Universitat Pompeu Fabra
Co-Author: Roc Armenter, Federal Reserve Bank of New York

  
  IMMIGRATION POLICY AND SELF-SELECTING MIGRANTS
Milo Bianchi, MIT and Stockholm School of Economics

  
  A DYNAMIC MODEL OF RETURN MIGRATION
Josep Mestres, University College of London
Co-Authors: Jerome Adda, University College London, Department of Economics and Christian Dustmann, University College London, Department of Economics
  
11:30 - 13:30 LABOUR MARKET - EMPIRICAL STUDIES IX (EEA)
Chairperson: Nicole Guertzgen, Centre for European Economic Research
Room J-51
  RENT-SHARING AND COLLECTIVE BARGAINING COVERAGE - EVIDENCE FROM LINKED EMPLOYER-EMPLOYEE DATA
Nicole Guertzgen, Centre for European Economic Research

  
  INCOME TAXATION AND HOUSEHOLD SIZE: WOULD FRENCH FAMILY SPLITTING MAKE GERMAN FAMILIES BETTER OFF?
Fabien Dell, DIW, Berlin / PSE, Paris
Co-Authors: Alexandre Baclet, INSEE and Katharina Wrohlich, DIW Berlin

  
  WITHIN – HOUSEHOLD COMPARISONS USING SUBJECTIVE DATA IN A COLLECTIVE MODEL
Radtchenko Natalia, CREST, TEAM(MSE)
Co-Author: Kalugina Ekaterina,

 
  THE JOINT LABOUR DECISIONS OF FARM COUPLES: A CENSORED RESPONSE ANALYSIS OF ON-FARM AND OFF-FARM WORK
Marte Bjørnsen, Norwegian Institute for Urban and Regional Research
Co-Author: Erik Biorn, University of Oslo
  
11:30 - 13:30 POLITICAL ECONOMY VII (EEA)
Chairperson: Grossmann Volker, University of Fribourg, Dept. of Economics
Room J-16
  OLIGARCHIC OWNERSHIP OF NATURAL RESOURCES, ENTREPRENEURSHIP, AND ECONOMIC DEVELOPMENT
Grossmann Volker, University of Fribourg, Dept. of Economics
Co-Author: Josef Falkinger, University of Zurich

  
  CONTESTING RESOURCES: RENT SEEKING, CONFLICT AND THE NATURAL RESOURCE CURSE
Katharina Wick, Tilburg University
Co-Author: Erwin H. Bulte,

 
  DEVOLUTION OF POWER AND ECONOMIC GROWTH
Elena Paltseva, Stockholm School of Economics

  
  CORRUPTION, GOVERNMENT SIZE AND GROWTH IN ECONOMIES WITH AN INFORMAL SECTOR
António Antunes, Banco de Portugal
  
11:30 - 13:30 INTERNATIONAL FINANCE VI (EEA)
Chairperson: Peter Welz, Uppsala University
Room J-61
  TRANSMISSION OF EXCHANGE-RATE VARIATIONS IN AN ESTIMATED, SMALL OPEN-ECONOMY MODEL
Peter Welz, Uppsala University

  
  THE POOLE ANALYSIS IN THE NEW OPEN ECONOMY MACROECONOMIC FRAMEWORK
Mathias Hoffmann, University of Cologne
Co-Author: Bernd Kempa, University of Essen

  
  A WELFARE ANALYSIS OF CAPITAL ACCOUNT LIBERALIZATION
Haiping Zhang, IIW, ZEI, University of Bonn
Co-Author: Jürgen von Hagen, ZEI, University of Bonn, Indiana University, CEPR

  
  ENDOGENOUS BORROWING CONSTRAINTS AND CONSUMPTION VOLATILITY IN A SMALL OPEN ECONOMY
Carlos Alberto de Resende Junior, Bank of Canada
  
11:30 - 13:30 INDUSTRIAL ORGANISATION VI (EEA)
Chairperson: Ralph-Christopher Bayer, University of Adelaide
Room J-31
  INTERTEMPORAL PRICE DISCRIMINATION AND COMPETITION
Ralph-Christopher Bayer, University of Adelaide

  
  QUALITY AS COMMITMENT TO EXCLUSIVITY
Johan Stennek, IUI - Research Institute of Industrial Economics

  
  THE EFFECT OF LITIGATION ON INTELLECTUAL PROPERTY AND WELFARE
Julio Robledo, University of Vienna
  
11:30 - 13:30 LABOUR MARKET - INSTITUTIONS AND PERFORMANCE IV (EEA)
Chairperson: Trine Filges, The Danish National Institute of Social research
Room J-41
  THE SUPREMACY OF MARGINAL OVER GENERAL WAGE SUBSIDIES IN LONG-RUN COMPETITIVE INDUSTRY EQUILIBRIUM
Andreas Knabe, Otto-von-Guericke-University Magdeburg, Germany

  
  FISCAL STRUCTURE AND EQUILIBRIUM UNEMPLOYMENT
Ester Perez, Ministry of Economy and Finance
Co-Author: Rafael Domenech, Universidad de Valencia

  
  SKILL-BIASED TECHNOLOGICAL CHANGE AND ENDOGENOUS BENEFITS: THE DYNAMICS OF UNEMPLOYMENT AND WAGE INEQUALITY
Matthias Weiss, University of Mannheim, Mannheim Institute for the Economics of Ageing (MEA)
Co-Author: Alfred Garloff, Centre for European Economic Resaerch (ZEW Mannheim)

  
  COMPENSATION OF REGIONAL UNEMPLOYMENT IN HOUSING MARKETS
Wouter Vermeulen, Free University Amsterdam and CPB Netherlands Bureau for Economic Policy Analysis
Co-Author: Jos Van Ommeren, Free University Amsterdam
  
11:30 - 13:30 MONETARY POLICY VI (EEA)
Chairperson: Sami Vähämaa, University of Vaasa
Room J-32
  CENTRAL BANK INTERVENTIONS AND IMPLIED EXCHANGE RATE CORRELATIONS
Sami Vähämaa, University of Vaasa
Co-Author: Jussi Nikkinen, University of Vaasa

  
  BUBBLE-FREE INTEREST-RATE RULES
Olivier Loisel, Banque de France and CEPREMAP

  
  AN ESTIMATED TWO-COUNTRY DSGE MODEL FOR THE EURO AREA AND THE US ECONOMY
Gregory de Walque, National Bank of Belgium
Co-Authors: Wouters Raf, National Bank of Belgium and Frank Smets, European Central Bank

  
  FINANCIAL DEVELOPMENT AND THE ASYMMETRY OF MONETARY POLICY
Javier Gomez Biscarri, IESE - Universidad de Navarra
Co-Authors: Luis Carranza, BBVA and Jose Enrique Galdon Sanchez, Universidad Publica de Navarra
  
11:30 - 13:30 CONTRIBUTED SESSION 6
ESEM: Theoretical and Applied Economics

11:30 - 13:30 COMMITTEES AND CLUBS (ESEM TAE)
Chairperson: Paolo Balduzzi, University of Milan-Bicocca and University of Edinburgh
Room J-53
  A STRATEGIC MODEL OF CLUB FORMATION; EXISTENCE AND CHARACTERIZATION OF EQUILIBRIUM
Marta Faias, Mathematics Department, Sciences and Technology Faculty, New University of Lisbon
Co-Author: Myrna Wooders, Warwick - Ecs Dept

  
  FLEXIBLE INTEGRATION
Bard Harstad, Northwestern University

  
  THE COMPANY YOU KEEP: QUALITATIVE UNCERTAINTY IN THE PROVISION OF CLUB GOODS
Clive D Fraser, University of Leicester
Co-Author: Bipasa Datta, University of York, UK

  
  WHEN PARTISAN VOTERS ARE SOCIALLY USEFUL
Paolo Balduzzi, University of Milan-Bicocca and University of Edinburgh
  
11:30 - 13:30 DYNAMIC INCENTIVES (ESEM TAE)
Chairperson: David Gill, Trinity College, University of Oxford
Room U-31
  MONOTONICITY OF OPTIMAL SOLUTIONS, TURNPIKE PROPERTY, AND EXISTENCE OF FORECAST HORIZON IN A DYNAMIC MODEL OF HOLD UP
Yutaka Suzuki, Hosei University

  
  ON THE ECONOMIC VALUE OF REPEATED INTERACTIONS UNDER ADVERSE SELECTION
Lorenzo Rocco, Department of Economics - University of Padova
Co-Authors: Ottorino Chillemi, Department of Economics - University of Padova and Benedetto Gui, Department of Economics - University of Padova

  
  SELF-ENFORCING CONTRACTS AND ACTION DYNAMICS
Tim Worrall, Keele University
Co-Author: Jonathan Thomas, Edinburgh University

  
  SEQUENTIAL DECISIONS WITH TESTS
David Gill, Trinity College, University of Oxford
Co-Author: Daniel Sgroi, University of Cambridge
  
11:30 - 13:30 FINANCIAL MARKETS II (ESEM TAE)
Chairperson: Demosthenes Tambakis, PEMBROKE COLLEGE, UNIVERSITY OF CAMBRIDGE
Room U-23
  EURO CORPORATE BONDS RISK FACTORS
Carolina Castagnetti, università di Pavia
Co-Author: Eduardo Rossi, Univerity of Pavia

  
  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

  
  LEARNING AND STOCK MARKET VOLATILITY
Klaus Adam , European Central Bank
Co-Authors: Albert Marcet, Universitat Pompeu Fabra and Juan Pablo Nicolini, Universidad Torcuato Di Tella

  
  THE FLIGHT-TO-QUALITY AND ASYMMETRIC VOLATILITY RESPONSES IN U.S. TREASURIES
Demosthenes Tambakis, PEMBROKE COLLEGE, UNIVERSITY OF CAMBRIDGE
Co-Authors: Mardi Dungey, CERF, University of Cambridge and CAMA, ANU and Michael McKenzie,
 
11:30 - 13:30 INDUSTRIAL ORGANIZATION II (ESEM TAE)
Chairperson: Michael Rauh, Indiana University
Room U-42
  PRICE DISPERSION WITH DIRECTED SEARCH
Gabriele Camera, Purdue University
Co-Author: Cemil Selcuk, Purdue University

  
  PRICE MATCHING AND PRICE BEATING POLICIES WITH CONSUMER SEARCH
Maarten Janssen, Tinbergen Institute, Erasmus University Rotterdam

  
  PRODUCT LINE COMPETITION IN A SALES MODEL
Bing Jing, Stern School of Business, New York University
Co-Author: John Zhang, The Wharton School, University of Pennsylvania

  
  STRATEGIC COMPLEMENTARITIES, SEARCH AND PRICE DISPERSION
Michael Rauh, Indiana University
  
11:30 - 13:30 MOBILITY (ESEM TAE)
Chairperson: Ahmed Tritah, University of Toulouse and European University Institute
Room J-22
  GEOGRAPHICAL MOBILITY OF DANISH DUAL-EARNER COUPLES - THE RELATIONSHIP BETWEEN CHANGE OF JOB AND CHANGE OF RESIDENCE
Trine Filges, The Danish National Institute of Social research
Co-Author: Mette Deding, The Danish National Institute of Social Research

  
  INTERNATIONAL MIGRATION WITH HETEROGENEOUS AGENTS: THEORY AND EVIDENCE
Herbert Bruecker, IAB
Co-Author: Philipp J.H: Schroeder, Aarhus School of Business

  
  JOB INSECURITY AND YOUTH EMANCIPATION: A THEORETICAL APPROACH
Sascha Becker, Center for Economic Studies

  
  LEAVING THE NEST: PARENTAL INCOME, HOUSING AND ALTRUISM
Anne Laferrère, INSEE and CREST

  
  SOCIAL MOBILITY AND EDUCATIONAL FINANCING IN GENERAL EQUILIBRIUM
Ahmed Tritah, University of Toulouse and European University Institute
  
11:30 - 13:30 MONETARY POLICY II (ESEM TAE)
Chairperson: Christian Stoltenberg, Humboldt University Berlin
Room J-sem 10
  ESCAPE DYNAMICS: A CONTINUOUS--TIME APPROXIMATION
Sergey Slobodyan, CERGE-EI
Co-Authors: Anna Bogomolova, CERGE-EI and Dmitri Kolyuzhnov, CERGE-EI

  
  EXCESS MONEY GROWTH AND INFLATION DYNAMICS
Andrea Zaghini, Bank of Italy

  
  INFLATION INERTIA AND MONETARY POLICY SHOCKS
Julia Lendvai, University of Namur

  
  MONEY DEMAND AND MACROECONOMIC STABILITY REVISITED
Christian Stoltenberg, Humboldt University Berlin
Co-Author: Andreas Schabert, University of Amsterdam
  
11:30 - 13:30 ORGANISATION THEORY (ESEM TAE)
Chairperson: Sven Feldmann, Northwestern University
Room J-sem 20
  A THEORY OF ORGANIZATIONAL DESIGN IN THE PRESENCE OF TIME INCONSISTENCY: DELEGATING AUTHORITY OR SEEKING ADVICE?
Anders Olofsgard, Georgetown University
Co-Author: Rodney Ludema, Georgetown University

  
  AUTHORITY AND DISOBEDIENCE
Jan Zabojnik, University of Southern California

  
  COMMUNICATION AND INFORMATION IN DYNAMIC TOURNAMENTS: THEORY AND EVIDENCE
Florian Ederer, MIT Economics
Co-Author: Ernst Fehr, University of Zurich

  
  RELYING ON THE EXPERTISE OF INTERESTED PARTIES
Sven Feldmann, Northwestern University
  
11:30 - 13:30 SOCIAL NORMS AND SOCIAL NETWORK (ESEM TAE)
Chairperson: Robert Dur, Tinbergen Institute, Erasmus University Rotterdam
Room J-63
  A MODEL OF IMMIGRATION, INTEGRATION AND CULTURAL TRANSMISSION OF SOCIAL NORMS
Friederike Mengel, University of Alicante

  
  COHESION AND SELF-BIAS IN SOCIETIES
Silvia Sonderegger, UNIVERSITY OF BRISTOL

  
  COMPETITION OF MORAL NORMS IN A PARTLY SELFISH SOCIETY
Sebastian Kranz, University of Bonn

  
  STATUS-SEEKING IN VIOLENT SUBCULTURES AND THE DOUBLE DIVIDEND OF ZERO-TOLERANCE
Robert Dur, Tinbergen Institute, Erasmus University Rotterdam
  
11:30 - 13:30 TAXATION II (ESEM TAE)
Chairperson: Guy Laroque, INSEE-CREST
Room U-30
  DYNAMIC OPTIMAL TAXATION WITH HUMAN CAPITAL
Leslie J. Reinhorn, University of Durham

  
  INCOME TAXATION WITH LABOUR RESPONSES
Patrick Moyes, CNRS-GRAPE
Co-Author: Udo Ebert, University of Oldenburg

  
  OPTIMAL TAXATION OF ENTREPRENEURIAL CAPITAL UNDER PRIVATE INFORMATION
Stefania Albanesi, Columbia University

  
  SHOULD LOW SKILLED WORK BE SUBSIDIZED?
Guy Laroque, INSEE-CREST
Co-Author: Philippe Choné, CREST-INSEE
  
11:30 - 13:30 UNEMPLOYMENT POLICY (ESEM TAE)
Chairperson: Virve Ollikainen, VATT
Room U-7
  I'LL (NOT) BE WATCHING YOU: DOES JOB SEARCH MONITORING AFFECT UNEMPLOYMENT?
Duncan McVicar, Queen''s University Belfast

  
  SOCIAL PREFERENCES AND LABOUR MARKET POLICY
Birthe Larsen, Copenhagen Business School
Co-Authors: Trine Filges, The Danish National Institute of Social research, John Kennes, University of Copenhagen and Torben Tranæs, The Rockwool Foundation

  
  THE EFFECT OF OUTPLACEMENT ON UNEMPLOYMENT DURATION IN SPAIN
Alfonso Arellano, University of Alicante

  
  UNEMPLOYMENT INSURANCE DURATION AND TRANSITIONS OUT OF UNEMPLOYMENT
Virve Ollikainen, VATT
Co-Author: Tomi Kyyra, VATT
  
11:30 - 13:30 EXPERIMENTAL ECONOMICS II (ESEM TAE)
Chairperson: Marco Battaglini, Princeton University
Room J-64
  DO STUDENTS BEHAVE RATIONALLY? EVIDENCE FROM A FIELD EXPERIMENT
Javier Gardeazabal, University of the Basque Country
Co-Author: Maria Paz Espinosa, University of the Basque Country

  
  EQUILIBRIUM PLAY AND BEST RESPONSE TO (STATED) BELIEFS IN CONSTANT SUM GAMES
Pedro Rey-Biel, Universidad Autonoma Barcelona

  
  REAL EFFORT VERSUS CHOSEN EFFORT IN EXPERIMENTS
Martin Strobel, Maastricht University
Co-Author: Alexander Brüggen, Maastricht University

  
  THE SWING VOTER'S CURSE IN THE LABORATORY
Marco Battaglini, Princeton University
Co-Authors: Rebecca Morton, New York University, Rebecca Morton, New York University and Tom Palfrey, Princeton University
  
11:30 - 13:30 CONTRIBUTED SESSION 6
ESEM: Econometrics and Empirical Economics

11:30 - 13:30 COINTEGRATION 4 (ESEM EEE)
Chairperson: Gianluca Cubadda, Università di Roma "Tor Vergata"
Room J-33
  A UNIFYING FRAMEWORK FOR ANALYSING COMMON CYCLICAL FEATURES IN COINTEGRATED TIME SERIES
Gianluca Cubadda, Università di Roma "Tor Vergata"

  
  AN EMPIRICAL ANALYSIS OF STOCHASTIC TRENDS AND CYCLES IN CENTRAL AND EASTERN EUROPE AND THE EURO AREA
Uwe Boewer, University of Munich

  
  NONPARAMETRIC COINTEGRATION ANALYSIS OF FRACTIONAL SYSTEMS WITH UNKNOWN INTEGRATION ORDERS
Morten Nielsen, Cornell University

  
  PROBLEMS RELATED TO OVER-IDENTIFYING RESTRICTIONS FOR STRUCTURAL VECTOR ERROR CORRECTION MODELS
Helmut Lutkepohl, EUI, Florence
  
11:30 - 13:30 CONTINUOUS TIME (ESEM EEE)
Chairperson: Steve Lawford, Electrabel SA
Room J-34
  AN AFFINE JUMP DIFFUSION MODEL FOR ELECTRICITY
Steve Lawford, Electrabel SA
Co-Authors: Michel Culot, , Sebastien de Menten, , Valerie Goffin, and Yves Smeers,

 
  ASYMPTOTIC THEORY FOR RANGE-BASED ESTIMATION OF QUADRATIC VARIATION OF DISCONTINUOUS SEMIMARTINGALES
Kim Christensen, Aarhus School of Business
Co-Author: Mark Podolskij, Ruhr University of Bochum

  
  EMPIRICAL LIKELIHOOD ESTIMATION OF LEVY PROCESSES
Naoto Kunitomo, University of Tokyo
Co-Author: Takashi Owada, Bank of Japan

  
  THE FRACTIONAL ORNSTEIN-UHLENBECK PROCESS: TERM STRUCTURE THEORY AND APPLICATION
Per Frederiksen, Jyske Bank
Co-Author: Esben Høg, Aarhus School of Business
  
11:30 - 13:30 CROSS COUNTRY AND SPATIAL ECONOMETRICS (ESEM EEE)
Chairperson: Arnab Bhattacharjee, University of St. Andrews
Room U-16
  ESTIMATION OF THE SPATIAL WEIGHTS MATRIX IN THE SPATIAL ERROR MODEL, WITH AN APPLICATION TO DIFFUSION IN HOUSING DEMAND
Arnab Bhattacharjee, University of St. Andrews
Co-Author: Chris Jensen-Butler, University of St. Andrews

  
  KNOWLEDGE-BASED ECONOMIC DEVELOPMENT
Sanghamitra Bandyopadhyay, University of Oxford

  
  SPATIAL AND TECHNOLOGICAL SPILLOVERS IN EUROPEAN PATENTING ACTIVITIES: A DYNAMIC COUNT PANEL DATA MODEL
Myriam Abdelmoula, ERMES Université Paris II PAntheon Assas
Co-Author: Georges Bresson, University of Paris II

  
  SPATIAL DISAGGREGATION OF AGRICULTURAL PRODUCTION DATA: AN ECONOMETRIC APPROACH USING MINIMUM CROSS ENTROPY
Raja Chakir, INRA
  
11:30 - 13:30 EXPERIMENTS 2 (ESEM EEE)
Chairperson: Debopam Bhattacharya, Dartmouth College
Room U-32
  ACTIONS AND BELIEFS:ESTIMATING DISTRIBUTION-BASED PREFERENCES USING A LARGE SCALE EXPERIMENT WITH PROBABILITY QUESTIONS ON EXPECTATIONS
Charles Bellemare, Laval University
Co-Authors: Sabine Kröger, Laval University and Arthur van Soest, Tilburg University

  
  ENDOGENOUS COMMUNICATION AND TACIT COORDINATION IN MARKET ENTRY GAMES -AN EXPLORATIVE EXPERIMENTAL STUDY
Håkan Holm, Lund University
Co-Authors: Ola Andersson, Lund University and Hans Carlsson, Lund University

  
  ESTIMATING OPTIMAL GROUPINGS BASED ON EXPERIMENTAL DATA
Debopam Bhattacharya, Dartmouth College

  
  SEQUENTIAL DECISION BEHAVIOUR WITH REFERENCE POINT PREFERENCES: THEORY AND EVIDENCE
Daniel Schunk, University of Mannheim
  
11:30 - 13:30 INDUSTRIAL ORGANISATION (ESEM EEE)
Chairperson: Håvard Hungnes, Statistics Norway
Room J-43
  A DEMAND SYSTEM FOR INPUT FACTORS WHEN THERE ARE TECHNOLOGICAL CHANGES IN PRODUCTION
Håvard Hungnes, Statistics Norway

  
  BLOCKHOLDERS' CONTROL: MEASUREMENT, MODELLING, AND SOME EVIDENCE
Miguel C. Manjon, DEPARTMENT OF ECONOMICS, ROVIRA I VIRGILII UNIVERSITY

  
  ELASTICITIES OF MARKET SHARES AND SOCIAL HEALTH INSURANCE CHOICE IN GERMANY: A DYNAMIC PANEL DATA APPROACH
Marcus Tamm, RWI Essen
Co-Authors: Stefan Greß, University Duisburg-Essen , Harald Tauchmann, RWI Essen and Jürgen Wasem, University Duisburg-Essen

 
  SELECTION OR SELF-REJECTION? APPLICATIONS TO A VOLUNTARY TREATMENT PROGRAM: THE CASE OF R&D SUBSIDIES
Tuomas Takalo, Bank of Finland
Co-Authors: Tanja Tanayama, Helsinki Center for Economic Research and Otto Toivanen, HECER
  
11:30 - 13:30 INTERNATIONAL TRADE 2 (ESEM EEE)
Chairperson: Peter Egger, ifo Institute
Room U-33
  ESTIMATING REGIONAL TRADE AGREEMENT EFFECTS ON FDI IN AN INTERDEPENDENT WORLD
Peter Egger, ifo Institute
Co-Authors: Badi Baltagi, Syracuse University and Michael Pfaffermayr, University of Innsbruck

  
  GRAVITY MODELS AND CROSS-SECTIONAL CORRELATION IN INTEGRATED PANELS
Jarko Fidrmuc, University of Munich

  
  INCORPORATING TRANSPORTATION NETWORK STRUCTURE IN SPATIAL ECONOMETRIC MODELS OF COMMODITY FLOWS
Wolfgang Polasek, IHS Wien

  
  INTERNATIONAL DYNAMIC RISK SHARING
Attilio Gardini, University of Bologna
Co-Authors: Giuseppe Cavaliere, University of Bologna and Luca Fanelli, University of Bologna
  
11:30 - 13:30 PANEL DATA 3 (ESEM EEE)
Chairperson: Christoph Fischer, Deutsche Bundesbank
Room J-44
  A REAPPRAISAL OF THE EVIDENCE ON PPP: A SYSTEMATIC INVESTIGATION INTO MA ROOTS IN PANEL UNIT ROOT TESTS AND THEIR IMPLICATIONS
Christoph Fischer, Deutsche Bundesbank
Co-Author: Daniel Porath, Fachhochschule Mainz

  
  A SECOND-ORDER LEAST SQUARES ESTIMATOR FOR NONLINEAR PANEL DATA MODELS
Liqun Wang, University of Manitoba, Canada

  
  ASSESSING THE RATIONAL EXPECTATION HYPOTHESIS WHEN AGENTS HAVE COMMON AND PRIVATE INFORMATION
Philippe Andrade, THEMA, University of Cergy-Pontoise
Co-Author: Stéphane Gregoir, CREST-INSEE

  
  PERSISTENCE OF INNOVATION IN DUTCH MANUFACTURING: IS IT SPURIOUS?
Wladimire Raymond, Universiteit Maastricht
Co-Authors: Pierre Mohnen, Universiteit Maastricht, Franz Palm, Maastricht University and Sybrand Schim van der Loeff, Universiteit Maastricht
  
11:30 - 13:30 SEMI- AND NON-PARAMETRIC METHODS (ESEM EEE)
Chairperson: Paul W Wilson, University of Texas
Room J-15
  DISTANCE BASED APPROACH TO A CLASS OF IMPROVED SEMI-PARAMETRIC REGRESSION ESTIMATORS
Carlos Martins-Filho, Oregon State University
Co-Authors: Santosh Mishra, and Aman Ullah,

 
  ESTIMATION AND INFERENCE IN CROSS-SECTIONAL, STOCHASTIC FRONTIER MODELS
Paul W Wilson, University of Texas
Co-Author: Leopold Simar, Louvain

  
  SEMIPARAMETRIC LEAST SQUARES ESTIMATION OF SHAPE INVARIANT MODELS WITH MULTIPLE EQUATIONS: AN APPLICATION TO ENGEL CURVES
Elena Martinez-Sanchis, University of Alicante

  
  UNIFORMLY CONSISTENT AND EXACT TESTS FOR SEMI-PARAMETRIC SINGLE-INDEX MODELS
Frederic Jouneau-sion, GREMARS Universite De Lille
Co-Author: Olivier Torres, GREMARS
  
11:30 - 13:30 SPECIFICATION TESTING (ESEM EEE)
Chairperson: Christian Bontemps, University of Toulouse, GREMAQ & IDEI
Room J-14
  EXOGENEITY IN SEMIPARAMETRIC MODELS: DEFINITIONS AND TESTS
Paulo Miguel Dias Costa Parente, University of Warwick
Co-Author: Richard J. Smith, Cambridge

  
  MISSPECIFICATION TESTS BASED ON QUANTILE RESIDUALS
Leena Kalliovirta, RUESG, Department of Economics, University of Helsinki

  
  MOMENT-BASED TESTS FOR DISCRETE DISTRIBUTIONS
Christian Bontemps, University of Toulouse, GREMAQ & IDEI

  
  SPECIFICATION TESTS FOR ORDERED DISCRETE CHOICE MODELS
Moro-Egido Ana I., University of Granada
Co-Author: Juan Mora Lopez,
 
11:30 - 13:30 TREATMENT EFFECTS AND PROGRAM EVALUATION 2 (ESEM EEE)
Chairperson: Joerg Stoye, New York University
Room J-12
  BIAS REDUCING ESTIMATION OF TREATMENT EFFECTS IN THE PRESENCE OF PARTIALLY DISTORTED DATA
Stephan A. Wiehler, University of St. Gallen

  
  ELEVEN - DESIGINING EXPERIMENTS FOR CHOOSING TREATMENTS
Karl Schlag, European University Institute

  
  MATCHING ESTIMATORS AND THE DATA FROM THE NATIONAL SUPPORTED WORK DEMONSTRATION AGAIN
Zhong Zhao, Institute for the Study of Labor (IZA)

  
  MINIMAX REGRET TREATMENT CHOICE WITH FINITE SAMPLES
Joerg Stoye, New York University
  
11:30 - 13:30 WAGES (ESEM EEE)
Chairperson: Axel Werwatz, DIW Berlin
Room U-28
  DECOMPOSING WAGE DISTRIBUTIONS USING INFLUENCE FUNCTION PROJECTIONS AND REWEIGHTING
Sergio Firpo, PUC-Rio and UBC
Co-Authors: Nicole Fortin, UBC and Thomas Lemieux, UBC

  
  FIRM SPECIFIC WAGE SPREAD IN GERMANY - DECOMPOSITION OF REGIONAL DIFFERENCES IN INTER FIRM WAGE DISPERSION
Axel Werwatz, DIW Berlin
Co-Author: Bernd Görzig, DIW Berlin, TU Berlin

  
  FLEXIBLE ESTIMATION OF WAGE DISTRIBUTIONS IN THE PRESENCE OF COVARIATES
Antonia Febrer Rossello, MF122058
Co-Author: Juan Mora Lopez,

 
  MINIMUM WAGE EFFECTS IN A DEVELOPING COUNTRY
Sara Lemos, UNIVERSITY OF LEICESTER AND UFMT
  
11:30 - 13:30 SPECIAL EEA ANNIVERSARY SESSION C

11:30 - 13:30 SPECIAL EEA ANNIVERSARY SESSION C: MACROECONOMIC POLICIES IN EUROPE: THE PERSPECTIVE OF ACADEMIC ECONOMIST AS POLICY-MAKERS (EEA)
Chairperson: Richard Portes, London Business School and CEPR
Room GF
  PRESENTATION 1
Richard Portes, London Business School and CEPR

  
  PRESENTATION 2
George Alogoskoufis, Ministery of Economics and Finances - Greece

  
  PRESENTATION 3
Vittorio Grilli, Director of the Treasury
  
13:30 - 14:30 LUNCH TIME

13:30 - 14:30 EEA COUNCIL LUNCH

14:30 - 16:30 CONTRIBUTED SESSION 7
EEA

14:30 - 16:30 BUSINESS CYCLES III (EEA)
Chairperson: Martin Uebele, Humboldt University of Berlin
Room U-34
  READ ALL ABOUT IT!! WHAT HAPPENS FOLLOWING A TECHNOLOGY SHOCK?
Michelle Alexopoulos, University of Toronto

  
  INTERTEMPORAL SUBSTITUTION IN MACROECONOMICS: EVIDENCE FROM A TWO-DIMENSIONAL LABOUR SUPPLY
Dib Ali, Bank of Canada
Co-Author: Phaneuf Louis, Universite du Quebec a Montreal

  
  TECHNOLOGY SHOCKS AND UK BUSINESS CYCLES
Hashmat Khan, Carleton University
Co-Author: John Tsoukalas, Bank of England
  
14:30 - 16:30 SOCIAL SECURITY AND PENSIONS II (EEA)
Chairperson: Juergen Jung, Indiana University
Room U-24
  MACROECONOMIC IMPLICATIONS OF EARLY RETIREMENT IN THE PUBLIC SECTOR: THE CASE OF BRAZIL
Juergen Jung, Indiana University
Co-Authors: Gerhard Glomm, Indiana University and Chung Tran, Indiana University

  
  PENSION AND CHILDREN: EFFICIENCY WITH HETEROGENEOUS PREFERENCES
Christian Gaggermeier, Institute for Employment Research of the German Federal Employment Agency

  
  PENSION ENTITLEMENTS AND WEALTH ACCUMULATION: EVIDENCE FROM NORWAY
Weizhen Zhu, Frisch Centre
Co-Author: Erik Hernæs, Frisch Center

  
  SOCIAL SECURITY AND UNCERTAIN LIFETIME
Marie Louise Leroux, GREMAQ, Université de Toulouse
Co-Authors: Antoine Bommier, CNRS and GREMAQ and Jean-Marie Lozachmeur, Gremaq, Université de Toulouse
  
14:30 - 16:30 CORPORATE FINANCE VI (EEA)
Chairperson: Alexander Wagner, University of Zurich
Room U-46
  A MODEL OF LOYALTY AS STRATEGIC BEHAVIOR
Alexander Wagner, University of Zurich

  
  A STRATEGIC RATIONALE FOR HAVING OVERCONFIDENT MANAGERS
Florian Englmaier, HBS

  
  SHAREHOLDER PROTECTION AND THE COST OF CAPITAL: EMPIRICAL EVIDENCE FROM GERMAN AND ITALIAN FIRMS
Laura Rondi, Politecnico di Torino
Co-Author: JULIE ANN ELSTON, Oregon State University

  
  DO FINANCIAL BONUSES TO EMPLOYEES REDUCE THEIR ABSENTEEISM? OUTCOME OF A LOTTERY
Wolter Hassink, Utrecht University/Utrecht School of Economics
Co-Author: Pierre Koning, cpb Netherlands Bureau of Economic Analysis
  
14:30 - 16:30 ECONOMIC GROWTH VI (EEA)
Chairperson: Amparo Castello Climent, Institute of International Economics
Room J-13
  DISTRIBUTION OF EDUCATION AND DEMOCRACY
Amparo Castello Climent, Institute of International Economics

  
  THE QUEST FOR STATUS AND ENDOGENOUS LABOR SUPPLY: THE RELATIVE WEALTH FRAMEWORK
Franz X. Hof, Vienna University of Technology, Institute for Mathematical Methods in Economics, Research Unit Economics
Co-Author: Walter H. Fisher, Institute for Advanced Studies

  
  THE RELATIONSHIP BETWEEN KNOWLEDGE FORMATION, UNEMPLOYMENT, AND GROWTH
Pascal Hetze, University of Rostock

  
  SCHUMPETERIAN GROWTH, UNEMPLOYMENT AND TAX/BENEFIT SYSTEM IN EUROPEAN COUNTRIES
Coralia Quintero-Rojas, GAINS, Université du Maine
Co-Author: François Langot, PSE-Jourdan, Cepremap, GAINS (Université du Maine)
  
14:30 - 16:30 ECONOMIC THEORY III (EEA)
Chairperson: David Gill, Trinity College, University of Oxford
Room U-21
  A THEORY OF FAIRNESS AND DESERT
David Gill, Trinity College, University of Oxford
Co-Author: Rebecca Stone, University of Leicester

  
  A MODEL OF CHOICE FROM LISTS
Yuval Salant, Stanford University
Co-Author: Ariel Rubinstein, Tel Aviv University

  
  GETTING USED TO THE FUTURE: REFERENCE DEPENDENCE AND ANTICIPATORY UTILITY
Astrid Matthey, Humboldt-Universität zu Berlin and Technische Universität Berlin

  
  RELATIVE MINIMAX
Daniele Terlizzese, Banca d''Italia
  
14:30 - 16:30 EMPIRICAL MACROECONOMICS II (EEA)
Chairperson: Fabio Busetti, Bank of Italy
Room J-17
  CONVERGENCE OF PRICES AND RATES OF INFLATION
Fabio Busetti, Bank of Italy
Co-Authors: Silvia Fabiani, Bank of Italy and Andrew Harvey, Cambridge University

  
  THE NEW KEYNESIAN PHILLIPS CURVE AND THE ROLE OF EXPECTATIONS: EVIDENCE FROM THE IFO WORLD ECONOMIC SURVEY
Steffen Henzel, Ifo Institute for Economic Research at the University of Munich
Co-Author: Timo Wollmershäuser, Ifo Institute for Economic Research at the University of Munich

  
  PERCEIVED INFLATION AND THE EURO: WHY HIGH? WHY PERSISTENT?
Helmut Stix, Oesterreichische Nationalbank

  
  BAYESIAN ESTIMATION OF THE NEUTRAL RATE WITH A STRUCTURAL OPEN-ECONOMY MACROECONOMIC MODEL IN A MODERATELY RICH DATA ENVIRONMENT
Paul Corrigan, Bank of Canada
  
14:30 - 16:30 FISCAL POLICY II (EEA)
Chairperson: Libero Monteforte, Banca d'Italia Research Department
Room J-21
  THE ESTIMATED GENERAL EQUILIBRIUM EFFECTS OF FISCAL POLICY: THE CASE OF THE EURO AREA
Libero Monteforte, Banca d'Italia Research Department
Co-Authors: Lorenzo Forni, Banca d'Italia Research Department and Luca Sessa, Banca d''Italia Research Department and Universitat Pompeu Fabra

  
  FISCAL DIVERGENCE AND BUSINESS CYCLE SYNCHRONIZATION: IRRESPONSIBILITY IS IDIOSYNCRATIC
Zsolt Darvas, Corvinus University of Budapest
Co-Authors: Andrew K. Rose, University of California, Berkeley and György Szapáry, Magyar Nemzeti Bank

  
  WHAT DO WE KNOW ABOUT THE EFFECTS OF FISCAL POLICY SHOCKS? A COMPARATIVE ANALYSIS
Dario Caldara, Stockholm University
Co-Author: Christophe Kamps, European Central Bank

  
  INTERREGIONAL REDISTRIBUTION AND BUDGET INSTITUTIONS UNDER ASYMMETRIC INFORMATION
Marco Runkel, University of Munich and CESifo
Co-Author: Bernd Huber, University of Munich and CESifo
  
14:30 - 16:30 INFLATION AND PRICE SETTING IV (EEA)
Chairperson: Christian Haefke, Instituto de Analisis Economico, CSIC
Room J-11
  WAGE RIGIDITY AND JOB CREATION
Christian Haefke, Instituto de Analisis Economico, CSIC
Co-Author: Thijs van Rens, CREI - Centre de Recerca en Economia Internacional

  
  ARE REAL WAGES RIGID DOWNWARDS?
Fredrik Wulfsberg, Norges Bank
Co-Author: Steinar Holden, University of Oslo

  
  INCENTIVES IN COMPETITIVE SEARCH EQUILIBRIUM AND WAGE RIGIDITY
Åsa Rosen, Stockholm University
Co-Author: Espen R. Moen, Norwegian School of Management
  
14:30 - 16:30 INNOVATION AND PRODUCTIVITY IV (EEA)
Chairperson: Georg Goetz, Department of Economics, University of Vienna
Room U-50
  DIFFUSION OF NEW TECHNOLOGY – THE CASE OF MULTIPLE GENERATIONS
Georg Goetz, Department of Economics, University of Vienna

  
  THE DEMOCRATIZATION OF U.S. RESEARCH AND DEVELOPMENT AFTER 1980
Leonard Nakamura, Federal Reserve Bank of Philadelphia
Co-Author: Robert M. Hunt, Federal Reserve Bank of Philadelphia

  
  TECHNOLOGY ADOPTION UNDER UNCERTAINTY IN GENERAL EQUILIBRIUM
aude pommeret, University of Lausanne and FAME
Co-Authors: julien hugonnier, university of lausanne and erwan morellec, university of Lausanne, FAME and CEPR

  
  HYPERMARKET COMPETITION AND THE DIFFUSION OF RETAIL CHECKOUT BARCODE SCANNING
Jonathan Beck, Humboldt University Berlin
Co-Authors: Michal Grajek, Wissenschaftszentrum Berlin and Humboldt Univ. and Christian Wey, DIW Berlin
  
14:30 - 16:30 ECONOMIC GEOGRAPHY I (EEA)
Chairperson: Ingrid Kubin, Vienna University of Economics and BA
Room J-31
  FOOTLOOSE ENTREPRENEURS, TAXES AND SUBSIDIES
Ingrid Kubin, Vienna University of Economics and BA
Co-Authors: Pasquale Commendatore, Università di Napoli ‘Federico II’ and Martin Currie, The University of Manchester

  
  LABOUR POOLING IN R&D INTENSIVE INDUSTRIES
Thomas Roende, University of Copenhagen
Co-Authors: Heiko A. Gerlach, University of Auckland and Konrad O. Stahl, University of Mannheim

  
  SUBURBANIZATION, LOCAL ELECTIONS, AND HOMEOWNERSHIP
Wolfgang Köhler, University of Zürich

  
  SHACKLING THE FOOTLOOSE FIRM? FACTOR INTERESTS AND MAJORITY VOTING
Fredrik Gallo, Department of Economics, Lund University
Co-Author: Carl-Johan Belfrage,
 
14:30 - 16:30 DEMOGRAPHY AND ECONOMICS II (EEA)
Chairperson: Holger Strulik, University of Copenhagen
Room J-16
  GEOGRAPHY, HEALTH, AND DEMO-ECONOMIC DEVELOPMENT
Holger Strulik, University of Copenhagen

  
  LEISURE GOODS, FERTILITY DECLINE AND LONG-RUN TRENDS IN HOURS
Galindev Ragchaasuren, Department of Economics, University of Essex

  
  FAMILY-TYPE SUBSISTENCE INCOMES
carsten schroeder, Free University Berlin
Co-Authors: Christos Koulovatianos, University Vienna and Ulrich Schmidt, University of Hannover

  
  ESTIMATES OF HOUSEHOLD SECTOR WEALTH FOR SOUTH AFRICA, 1970-2003
Janine Aron, CENTRE FOR THE STUDY OF AFRICAN ECONOMIES, DEPARTMENT OF ECONOMICS, OXFORD
Co-Author: JOHN MUELLBAUER, OXFORD
  
14:30 - 16:30 ECONOMICS OF FAMILIES AND LIVING ARRANGEMENTS II (EEA)
Chairperson: Michael Kvasnicka, Humboldt University Berlin
Room J-32
  PATERNAL UNCERTAINTY AND THE ECONOMICS OF MATING, MARRIAGE, AND PARENTAL INVESTMENT IN CHILDREN
Michael Kvasnicka, Humboldt University Berlin
Co-Author: Dirk Bethmann, Korea University

  
  INCOME AND CHILDBEARING DECISIONS: EVIDENCE FROM ITALY.
Concetta Rondinelli, Institute of Quantitative Methods, Bocconi University, Milan
Co-Authors: Arnstein Aassve, University of Essex, Institute for Social and Economic Research and Francesco C. Billari, Institute for Quantitative Methods and IGIER, Bocconi University, Milan

  
  TRANSITIONS OUT OF AND BACK TO EMPLOYMENT AMONG OLDER MEN AND WOMEN IN THE UK
David Haardt, University of Essex

  
  GENDER ROLES AND TECHNOLOGICAL PROGRESS
Stefania Albanesi, Columbia University
Co-Author: Claudia Olivetti, Boston University
  
14:30 - 16:30 ECONOMIC THEORY I (EEA)
Chairperson: Karl Schlag, European University Institute
Room J-41
  CHOICE UNDER COMPLETE UNCERTAINTY WHEN OUTCOME SPACES ARE STATE-DEPENDENT
Karl Schlag, European University Institute
Co-Author: Clemens Puppe, University of Karlsruhe

  
  ON WHY AND HOW IDENTITY SHOULD INFLUENCE UTILITY
Philipp C. Wichardt, Department of Economics, University of Bonn

  
  STOCHASTIC CHOICE UNDER RISK
Pavlo Blavatskyy, IEW, University of Zurich

  
  CONTINUOUS LEXICOGRAPHIC CHOICE THROUGH INCOMPLETE INFORMATION
Debora Di Caprio, University of Bozen-Bolzano
Co-Author: Francisco Javier Santos-Arteaga, York University
  
14:30 - 16:30 MIGRATION III (EEA)
Chairperson: Wilhelm Kohler, University of Tuebingen
Room J-42
  IMMIGRATION AND NATIVE WELFARE
Wilhelm Kohler, University of Tuebingen
Co-Author: Gabriel Felbermayr, Assistant Professor

  
  INTERNATIONAL MIGRATION WITH SKILL HETEROGENEITY
Herbert Bruecker, IAB
Co-Author: Philipp J.H: Schroeder, Aarhus School of Business

  
  A GENERALIZED OPTIONS APPROACH TO AGGREGATE MIGRATION WITH AN APPLICATION TO US FEDERAL STATES
Falko Juessen, University of Dortmund
Co-Author: Christian Bayer, University of Dortmund
  
14:30 - 16:30 LABOUR MARKET - EMPIRICAL STUDIES X (EEA)
Chairperson: Luca Flabbi, Georgetown University, Department of Economics
Room J-52
  INTERGENERATIONAL MOBILITY AND SCHOOLING DECISIONS IN ITALY AND GERMANY
Luca Flabbi, Georgetown University, Department of Economics
Co-Author: Daniele Checchi, Universita' di Milano

  
  ESTIMATING INTERGENERATIONAL EFFECTS OF EDUCATION: A COMPARISON OF METHODS
Lindahl Mikael, Institute for Social Research, Stockholm University
Co-Authors: Helena Holmlund, and Erik Plug,

 
  THE LABOUR TIES OF MOTHERS AND DAUGHTERS
Sonia Bhalotra, University of Bristol

  
  MUMS AND THEIR SONS;DADS AND THEIR DAUGHTERS: PANEL DATA EVIDENCE OF PARENTAL ALTRUISM ACROSS 14 EU COUNTRIES
María Navarro, University of Zaragoza
Co-Authors: José Alberto Molina, and Ian Walker, Warwick
  
14:30 - 16:30 POLITICAL ECONOMY VIII (EEA)
Chairperson: Francesco Giovannoni, University of Bristol
Room J-61
  LOBBYING, CORRUPTION AND INFLUENCE IN TRANSITION COUNTRIES
Francesco Giovannoni, University of Bristol
Co-Author: Nauro Campos, Brunel Univ, CEPR, IZA and WDI

  
  POLITICAL INSULATION AND LOBBYING
Tobias Boehm, University of Munich

  
  INFORMATIONAL LOBBYING UNDER THE SHADOW OF POLITICAL PRESSURE
Nicolás Porteiro, Universidad Pablo de Olavide
Co-Author: Matthias Dahm, Universidad Carlos III de Madrid

  
  INTERNATIONAL UNION AND SPECIAL INTEREST POLITICS
Francois Pouget, University of Paris-Dauphine
  
14:30 - 16:30 INTERNATIONAL FINANCE VII (EEA)
Chairperson: Kannika Thampanishvong, University of Warwick
Room J-62
  BARGAINING, MORAL HAZARD AND SOVEREIGN DEBT CRISIS
Kannika Thampanishvong, University of Warwick
Co-Author: Sayantan Ghosal , Warwick University

  
  COLLECTIVE ACTION CLAUSE THRESHOLDS IN THE PRESENCE OF MORAL HAZARD
Ossip Robert Huehnerbein, Munich Graduate School of Economics & Financial Markets Group, London School of Economics and Political Science

  
  DEBT DENOMINATION AND DEFAULT RISK IN EMERGING MARKETS
Inci Gumus, University of California, Los Angeles

  
  NON-TRADEABLE GOODS, MARKET SEGMENTATION, AND EXCHANGE RATES
Michael Dotsey, Federal Reserve Bank of Philadelphia
Co-Author: Margarida Duarte, federal reserve bank of richmond
  
14:30 - 16:30 INDUSTRIAL ORGANISATION VII (EEA)
Chairperson: Christian Wey, DIW Berlin
Room U-41
  REGIONAL PRICE DISCRIMINATION, BUYER MOBILITY, AND MERGERS
Christian Wey, DIW Berlin
Co-Author: Pio Baake, DIW Berlin

  
  PERSISTENCE OF MONOPOLY, INNOVATION, AND R&D SPILLOVERS: STATIC VERSUS DYNAMIC ANALYSIS
Viatcheslav Vinogradov, CERGE-EI
Co-Authors: Eugen Kovac, University of Bonn/CERGE-EI and Kresimir Zigic, CERGE-EI

  
  TWO-SIDED MARKETS WITH PECUNIARY AND PARTICIPATION EXTERNALITIES
Richard Schmidtke, University of Munich

  
  OPTIMAL TAXATION WITH MONOPOLISTIC COMPETITION
Leslie J. Reinhorn, University of Durham
  
14:30 - 16:30 LABOUR MARKET - INSTITUTIONS AND PERFORMANCE V (EEA)
Chairpersons: Bruno Amable, PSE Paris-Jourdan Sciences Economiques and Lilas Demmou, post-doctorate at Erasmus University Rotterdam
Room U-47
  INSTITUTIONS, UNEMPLOYMENT AND INACTIVITY IN THE OECD COUNTRIES
Bruno Amable, PSE Paris-Jourdan Sciences Economiques and Lilas Demmou, post-doctorate at Erasmus University Rotterdam
Co-Author: Donatella Gatti, PSE (Paris-Jourdan Science Economique)

  
  THE DARK SIDE OF WAGE INDEXED PENSIONS
Karl Erlandzon, göteborg school of Business, economics & law

  
  INDUSTRIAL RELATIONS AND LABOR MARKET PERFORMANCE: EVIDENCE FROM INDUSTRIAL COUNTRIES
Horst Feldmann, University of Bath

  
  A MODEL WITH ENDOGENOUS PROGRAMME PARTICIPATION: EVALUATING THE TAX CREDIT IN FRANCE
Hans Bloemen, Free University Amsterdam
Co-Author: Elena Stancanelli, OFCE
  
14:30 - 16:30 MONETARY POLICY VII (EEA)
Chairperson: Frank Strobel, University of Birmingham
Room U-48
  JOINING EMU: A REAL OPTIONS PERSPECTIVE
Frank Strobel, University of Birmingham

  
  FINANCIAL SYSTEMS AND THE COST CHANNEL TRANSMISSION OF MONETARY POLICY SHOCKS
Johann Scharler, Oesterreichische Nationalbank
Co-Author: Sylvia Kaufmann, Oesterreichische Nationalbank

  
  INTERNATIONAL POLICY COORDINATION AND SIMPLE MONETARY POLICY RULES
Wolfram Berger, University of Hagen
Co-Author: Helmut Wagner, University of Hagen

  
  HOW WELL DOES A SMALL STRUCTURAL MODEL WITH STICKY PRICES AND WAGES FIT POSTWAR U.S. DATA?
Céline Poilly, Bank of France - University of Cergy Pontoise
Co-Author: Julien Matheron, BANQUE DE FRANCE
  
14:30 - 16:30 GLOBALIZATION, DEMOCRACY AND GOVERNMENTS (EEA)
Chairperson: Torsten Persson, IIES, Stockholm University
Room J-18
  DEMOCRATIC CAPITAL: THE NEXUS OF POLITICAL AND ECONOMIC CHANGE
Torsten Persson, IIES, Stockholm University
Co-Author: Guido Tabellini,

 
  ON GLOBALIZATION AND THE GROWTH OF GOVERNMENTS
Gino Gancia, CREI and UPF
Co-Author: Paolo Epifani, Parma and Bocconi University

  
  POLITICAL (DIS)INTEGRATION, RENT SEEKING AND GROWTH
Michele Ruta, European University Institute
Co-Author: daniel brou, Columbia university
  
14:30 - 16:30 ASSET PRICES AND LIQUIDITY I (EEA)
Chairperson: Christoph Heumann, University of Mannheim
Room
  ON THE NONCOMPENSATION FOR ILLIQUIDITY IN EQUILIBRIUM ASSET RETURNS
Christoph Heumann, University of Mannheim

  
  TRADING VOLUME, PRICE AUTOCORRELATION, AND VOLATILITY UNDER PROPORTIONAL TRANSACTION COSTS
Cheng Hua, University of Paris Dauphine

  
  A MARKET-CLEARING ROLE FOR INEFFICIENCY ON A LIMIT ORDER BOOK
Jeremy Large, Economics Department, University of Oxford

  
  INTERBANK CONTAGION: EVIDENCE FROM REAL TRANSACTIONS
Jose Luis Peydró-Alcalde, European Central Bank
Co-Author: Rajkamal Iyer, University van Amsterdam
  
14:30 - 16:30 CONTRIBUTED SESSION 7
ESEM: Theoretical and Applied Economics

14:30 - 16:30 CORPORATE FINANCE II (ESEM TAE)
Chairperson: Sergey Stepanov, NES and CEFIR
Room U-7
  BOARD STRUCTURES AROUND THE WORLD: AN EXPERIMENTAL INVESTIGATION
Ann Gillette, Kennesaw State University

  
  EXECUTIVE STOCK OPTIONS AS A SCREENING MECHANISM
Abel Cadenillas, University of Alberta
Co-Authors: Jaksa Cvitanic, California Institute of Technology and Fernando Zapatero, University of Southern California

 
  OWNERSHIP STRUCTURE AND THE MARKET FOR CORPORATE CONTROL
John Turner, University of Georgia
Co-Authors: Daniel Ferreira, Universidade Nova de Lisboa and ECGI and Emanuel Ornelas, University of Georgia and Ibmec-RJ

  
  SHAREHOLDER ACCESS TO MANAGER-BIASED COURTS AND THE MONITORING/LITIGATION TRADEOFF
Sergey Stepanov, NES and CEFIR
  
14:30 - 16:30 EVOLUTION (ESEM TAE)
Chairperson: Felix Hoeffler, Max Planck Institute for Research on Collective Goods, Bonn
Room U-42
  ON THE COEVOLUTION OF INSIDER INFORMATION AND IDIOSYNCRATIC BELIEFS
Rene Levinsky, University of Freiburg
Co-Authors: Thomas Gehrig , Universitat Freiburg and Werner Güth, Max Planck Institute of Economics

  
  ON THE STICKINESS OF BEHAVIOR TOWARDS SIBLINGS
Ingela Alger, Boston College

  
  VOLUNTARILY SEPARABLE PRISONER'S DILEMMA
Takako Fujiwara-Greve, Keio University and Norwegian School of Management BI
Co-Author: Masahiro Okuno-Fujiwara, University of Tokyo

  
  WHY HUMANS CARE ABOUT SUNK COSTS WHILE (LOWER) ANIMALS DON'T. AN EVOLUTIONARY EXPLANATION
Felix Hoeffler, Max Planck Institute for Research on Collective Goods, Bonn
  
14:30 - 16:30 EXCHANGE RATES (ESEM TAE)
Chairperson: Rault Christophe, EPEE, University of Evry and IZA
Room U-31
  ECONOMIC DEVELOPMENT, EXCHANGE RATES, AND THE STRUCTURE OF TRADE
Istvan Konya, Magyar Nemzeti Bank, Central European University

  
  EXCHANGE RATE AND INFLATION VOLATILITIES: A MULTIVARIATE GARCH APPROACH USING BRAZILIAN DATA
Christiane Albuquerque, Banco Central do Brasil
Co-Author: Marcelo Portugal, Universidade Federal do Rio Grande do Sul (UFRGS)

  
  MONETARY AND EXCHANGE RATE STABILITY IN SOUTH EAST ASIA
Christian Bauer, University of Bayreuth
Co-Author: Bernhard Herz, Bayreuth University

  
  PURCHASING POWER PARITY FOR DEVELOPING AND DEVELOPED COUNTRIES. WHAT CAN WE LEARN FROM NON-STATIONARY PANEL DATA MODELS?
Rault Christophe, EPEE, University of Evry and IZA
  
14:30 - 16:30 FISCAL POLICY II (ESEM TAE)
Chairperson: Fernando Martin, Simon Fraser University
Room U-23
  ARE PROGRESSIVE FISCAL RULES STABILIZING?
Nicolas L. Dromel, GREQAM-IDEP, University of Aix-Marseille II and UCLA
Co-Author: Patrick Pintus, Univ Mediterranee and GREQAM

  
  TARGETING INFLATION AND THE FISCAL BALANCE: WHAT IS THE OPTIMAL POLICY MIX?
Meirelles Aurelio Marcela, Federal Reserve Bank of Kansas City

  
  TIME CONSISTENT CONTROL IN NON LINEAR MODELS
Florian Pelgrin, University of Lausanne - HEC
Co-Author: Steven Ambler,

 
  TIME-CONSISTENT DEBT
Fernando Martin, Simon Fraser University
Co-Authors: Per Krusell, Princeton University and José-Víctor Ríos-Rull, University of Pennsylvania
  
14:30 - 16:30 INFORMATION AND TELECOMMUNICATION TECHNOLOGY (ESEM TAE)
Chairperson: Steffen H. Hoernig, Universidade Nova de Lisboa
Room J-sem 10
  MOBILE PHONE TERMINATION CHARGES WITH ASYMMETRIC REGULATION
Kay Mitusch, TU Berlin
Co-Author: Pio Baake, DIW Berlin

  
  MOBILE VIRTUAL NETWORK OPERATORS: A VIRTUAL PRISONERS' DILEMMA?
Pedro Pereira, Portuguese Competition Authority
Co-Author: Duarte Brito, Universidade Nova de Lisboa

  
  NEW NETWORK GOODS
Vasco Santos, Universidade Nova de Lisboa, Faculdade de Economia
Co-Author: João Leão, MIT, Department of Economics

  
  ON-NET AND OFF-NET PRICING ON ASYMMETRIC TELECOMMUNICATIONS NETWORKS
Steffen H. Hoernig, Universidade Nova de Lisboa
  
14:30 - 16:30 INTERTEMPORAL SOCIAL PREFERENCES (ESEM TAE)
Chairperson: Lars Peter Østerdal, University of Copenhagen
Room J-sem 20
  CAN A TASTE FOR CATASTROPHE AVOIDANCE RECONCILE SOCIAL DISCOUNTING WITH INTERGENERATIONAL EQUITY?
Stéphane Zuber, University of Toulouse and GREMAQ
Co-Author: Antoine Bommier, CNRS and GREMAQ

  
  OPTIMAL ECONOMIC INSTITUTIONS UNDER RATIONAL OVERCONFIDENCE
Carsten Krabbe Nielsen, Istituto Politica Economica

  
  PREFERENCES AND THE DYNAMIC REPRESENTATIVE CONSUMER
Christos Koulovatianos, University of Vienna

  
  PREFERENCES BETWEEN CONTINUOUS STREAMS OF EVENTS
Lars Peter Østerdal, University of Copenhagen
Co-Author: Charles Harvey, University of Houston
  
14:30 - 16:30 MACROECONOMIC POLICY AND FLUCTUATIONS (ESEM TAE)
Chairperson: Enisse Kharroubi, Banque de France
Room U-30
  EMPLOYMENT FLUCTUATIONS WITH DOWNWARD WAGE RIGIDITY
Marcel Jansen, Univ. Carlos IIII de Madrid
Co-Author: Costain Costain, Banco de España

  
  NONCONVEX OUTPUT ADJUSTMENT AT THE MICRO LEVEL AND THE AGGREGATE EFFECTS OF MONETARY POLICY
Roman Sustek, Bank of England

  
  UNCERTAINTY AND THE SPECIFICITY OF HUMAN CAPITAL
Gervais Martin, University of Western Ontario
Co-Authors: Meh Cesaire , Bank of Canada and Livshits Igor, University of Western Ontario

  
  WAGES, RISK SHARING AND ECONOMIC FLUCTUATIONS.
Enisse Kharroubi, Banque de France
  
14:30 - 16:30 MATCHING (ESEM TAE)
Chairperson: Peter Coles, Harvard Business School
Room J-22
  ADVERSE SELECTION IN DYNAMIC MATCHING MARKETS
Timo Vesala, University of Helsinki
Co-Authors: Klaus Kultti, University of Helsinki and Juuso Vanhala, University of Helsinki

  
  DYNAMIC MATCHING AND BARGAINING: THE ROLE OF DEADLINES
Sjaak Hurkens, Institute for Economic Analysis
Co-Author: Nir Vulkan, Said Business school - University of Oxford

  
  PRICING IN MATCHING MARKETS
Larry Samuelson, University of Wisconsin

  
  STRATEGIC BEHAVIOR IN MATCHING
Peter Coles, Harvard Business School
  
14:30 - 16:30 MECHANISM DESIGN (ESEM TAE)
Chairperson: Nobuyuki Yagi, Graduate School of Economics, University of Tokyo
Room J-53
  EFFICIENT DYNAMIC ALLOCATION WITH UNCERTAIN VALUATIONS
Thomas Weber, Stanford University
Co-Author: Abhishek Bapna, Stanford University

  
  IMPLEMENTATIONS VIA GENERALIZED BIDDING MECHANISMS: A UNIFIED APPROACH
Yuan Ju, Keele University
Co-Author: David Wettstein, Beer-Sheva University of the Negev

  
  MECHANISM DESIGN WITH INTERDEPENDENT VALUATIONS: SURPLUS EXTRACTION
Claudio Mezzetti, University of Leicester

  
  ROLE OF LINKING MECHANISMS IN MULTI-TASK AGENCY WITH HIDDEN INFORMATION
Nobuyuki Yagi, Graduate School of Economics, University of Tokyo
Co-Authors: Hitoshi Matsushima, University of Tokyo and Koichi Miyazaki, Department of Economics, Pennsylvania State University
  
14:30 - 16:30 PREFERENCES AND DECISION-MAKING II (ESEM TAE)
Chairperson: Nathalie Picard, THEMA and INED
Room J-63
  FINITE CHARACTERIZATIONS AND PARETIAN PREFERENCES
Vicki Knoblauch, University of Connecticut

  
  RANKING SETS ADDITIVELY IN DECISIONAL CONTEXTS: AN AXIOMATIC CHARACTERIZATION
Arlegi Ricardo, Public University of Navarre
Co-Authors: Alcantud Jose C. R. , University of Salamanca and Alcantud Jose C. R. , University of Salamanca

  
  RATIONALIZING BOUNDEDLY RATIONAL CHOICE
Marco Mariotti, Queen Mary, University of London
Co-Author: Paola Manzini, Queen MAry, University of London

  
  UTILITY INVARIANCE UNDER A FAMILY OF TRANSFORMATIONS
Nathalie Picard, THEMA and INED
Co-Authors: Andre De Palma, THEMA and Jean-Luc Prigent, THEMA
  
14:30 - 16:30 AUCTION III (ESEM TAE)
Chairperson: Marco Pagnozzi, Universita' di Napoli Federico II
Room J-64
  A PROXY BIDDING MECHANISM THAT ELICITS ALL BIDS IN AN ENGLISH CLOCK AUCTION EXPERIMENT
Dirk Engelmann, Royal Holloway, University of London
Co-Author: Elmar Wolfstetter, Humboldt University of Berlin

  
  LEARNING TO BID: THE DESIGN OF AUCTIONS UNDER UNCERTAINTY AND ADAPTATION
Thomas Noe, Tulane University
Co-Authors: Michael Rebello, Tulane University and Jun Wang, Louisiana State University

  
  LEVEL-K AUCTIONS: CAN A NON-EQUILIBRIUM MODEL OF STRATEGIC THINKING EXPLAIN THE WINNER'S CURSE AND OVERBIDDING IN PRIVATE-VALUE AUCTIONS?
Nagore Iriberri, University of California, San Diego
Co-Author: Vincent P. Crawford, University of California, San Diego

  
  SORRY WINNERS
Marco Pagnozzi, Universita' di Napoli Federico II
  
14:30 - 16:30 CONTRIBUTED SESSION 7
ESEM: Econometrics and Empirical Economics

14:30 - 16:30 EMPIRICAL FINANCE 4 (ESEM EEE)
Chairperson: OLEKSANDR TALAVERA, DIW-Berlin
Room J-33
  THE EFFECTS OF INDUSTRY-LEVEL UNCERTAINTY ON CASH HOLDINGS: THE CASE OF GERMANY
OLEKSANDR TALAVERA, DIW-Berlin
Co-Authors: Christopher Baum, Boston College and Dorothea Schaefer, DIW-Berlin

  
  THE PRICING OF PORTFOLIO CREDIT RISK
Nikola Tarashev, Bank for International Settlements
Co-Author: Haibin Zhu, Bank for International Settlements

  
  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

  
  VALUATION OF COLLATERAL IN SECURITIES SETTLEMENT SYSTEMS FOR EXTREME MARKET EVENTS
Alejandro Garcia, Bank of Canada
Co-Author: Ramazan Gençay, Simon Fraser University
  
14:30 - 16:30 EXCHANGE RATES 2 (ESEM EEE)
Chairperson: Pasquale Della Corte, The University of Warwick
Room J-34
  FUNDAMENTALS, THE FORWARD BIAS AND VOLATILITY: AN ECONOMIC EVALUATION OF EXCHANGE RATE PREDICTABILITY
Pasquale Della Corte, The University of Warwick

  
  GENERAL TO SPECIFIC MODELLING OF EXCHANGE RATE VOLATILITY: A FORECAST EVALUATION
Genaro Sucarrat, Dept. de Economía (UC3M) and CORE (UCL Belgium)
Co-Author: Luc Bauwens, CORE and department of Economics, Universite' catholique de Louvain

  
  RE-EXAMINING LONG-RUN PPP UNDER AN INNOVATION REGIME SWITCHING FRAMEWORK
Chung-Ming Kuan, Academia Sinica
Co-Author: Yu Lieh Huang, National Tsing Hua University

  
  SOVEREIGN RISK IN THE CLASSICAL GOLD STANDARD ERA
Kang Yong Tan, Australian National University and University of Oxford
Co-Authors: Gavin Cameron, University of Oxford and Prasanna Gai, Australian National University
  
14:30 - 16:30 INSTRUMENTAL VARIABLES (ESEM EEE)
Chairperson: Whitney Newey, Department of Economics, MIT
Room U-33
  AN EXTENDED CLASS OF INSTRUMENTAL VARIABLES FOR THE ESTIMATION OF CAUSAL EFFECTS
Karim Chalak, University of California, San Diego
Co-Author: Halbert White , University of California, San Diego

  
  BOOSTING YOUR INSTRUMENTS: ESTIMATION WITH OVERIDENTIFYING INEQUALITY MOMENT CONDITIONS
Hyungsik Roger Moon, University Southern California
Co-Author: Frank Schorfheide, University of Pennsylvania

  
  INSTRUMENTAL REGRESSION IN PARTIALLY LINEAR MODELS
Jan Johannes, University of Heidelberg
Co-Authors: Jean-Pierre Florens, Toulouse and Sebastien Van Bellegem, Universite catholique de Louvain

  
  IV ESTIMATION WITH HETEROSKEDASTICITY AND MANY INSTRUMENTS
Whitney Newey, Department of Economics, MIT
Co-Authors: Jerry Hausman, and Tiemen M Woutersen, Johns Hopkins University
  
14:30 - 16:30 INTEREST RATES (ESEM EEE)
Chairperson: Peter Spencer, YORK UNIVERSITY
Room U-32
  AN ADMISSIBLE MACRO-FINANCE MODEL OF THE US TREASURY MARKET 1961-2004.
Peter Spencer, YORK UNIVERSITY

  
  UNDERSTANDING DISCRETE INTEREST RATE MOVEMENTS AND THEIR CONSEQUENCES
Horrillo Tena, Universidad de Concepción
Co-Author: Edoardo Otranto, Universita di Sassari

  
  WHAT DRIVES MONEY MARKET RATES?
Szabolcs Sebestyén, University of Alicante

  
  YET ANOTHER MODEL FOR THE FEDERAL FUNDS RATE TARGET -AN ALTERNATIVE METHODOLOGY AND FORECAST EVALUATION
Kerstin Kehrle, University of Tuebingen
Co-Author: Joachim Grammig, University of Tuebingen
  
14:30 - 16:30 LABOUR SUPPLY (ESEM EEE)
Chairperson: Helmut Rainer, School of Economics and Finance
Room J-43
  AWARD ERRORS AND PERMANENT DISABILITY BENEFITS IN SPAIN
Sergi Jimenez-Martin, Universitat Pompeu Fabra
Co-Authors: JOSE MARIA LABEAGA, FEDEA AND UNED and CRISTINA VILAPLANA, UCAM

  
  SICKNESS ABSENCE AND SPOUSAL LABOUR SUPPLY
Ruth-Aïda Nahum, Uppsala University & Institute for Future Studies

  
  STATE DEPENDENCE IN A MULTI-STATE MODEL OF EMPLOYMENT DYNAMICS
Victoria Prowse, Nuffield College, Oxford

  
  THE IMPACT OF THE "IN WORK" BENEFIT REFORM IN BRITAIN ON MARRIED COUPLES: THEORY AND EVIDENCE FROM PANEL DATA
Helmut Rainer, School of Economics and Finance
Co-Authors: Marco Francesconi, Department of Economics and Wilbert Van der Klaauw, Department of Economics
  
14:30 - 16:30 PANEL DATA 4 (ESEM EEE)
Chairperson: Matei Demetrescu, Goethe-University Frankfurt
Room U-16
  PANEL UNIT ROOT TESTING WITH NONLINEAR INSTRUMENTS FOR INFINITE AR PROCESSES
Matei Demetrescu, Goethe-University Frankfurt

  
  PREDICTIVE REGRESSIONS WITH PANEL DATA
Erik Hjalmarsson, Federal Reserve Board

  
  TESTING FOR RANDOM EFFECTS IN PANEL MODELS WITH SPATIALLY CORRELATED DISTURBANCES
Helmut Herwartz, Institute of Statistics and Econometrics, University of Kiel

  
  THE LIMIT DISTRIBUTION OF THE F-TEST STATISTIC FOR FIXED EFFECTS
Chris Orme, University of Manchester
Co-Author: Takashi Yamagata, Research Associate
  
14:30 - 16:30 SEMI- AND NONPARAMETRIC METHODS 2 (ESEM EEE)
Chairperson: Stefan Sperlich, Georgia Augusta Göttingen
Room J-15
  A NOTE ON NONPARAMETRIC ESTIMATION WITH CONSTRUCTED VARIABLES AND GENERATED REGRESSORS
Stefan Sperlich, Georgia Augusta Göttingen

  
  EFFICIENT ROBUST ESTIMATION OF REGRESSION MODELS
Pavel Cizek, Tilburg University

  
  ESTIMATION OF BINARY CHOICE MODELS WITH LINEAR INDEX AND DUMMY ENDOGENOUS VARIABLES
Nese Yildiz, University of Pittsburgh

  
  SEMIPARAMETRIC ESTIMATION OF A CENSORED TRIANGULAR SIMULTANEOUS EQUATION MODEL
Juan Rodriguez-Poo, Universidad de Cantabria
Co-Author: Moral-Arce Ignacio ,
 
14:30 - 16:30 STRUCTURAL CHANGE AND THRESHOLDS (ESEM EEE)
Chairperson: Jesus Gonzalo, UC3Madrid
Room U-28
  CONSISTENT CHANGE-POINT ESTIMATION IN SPURIOUS AND COINTEGRATING REGRESSIONS
Chih-Chiang Hsu, Department of Economics, National Central University

  
  TESTING FOR BREAKS AND THRESHOLD EFFECTS: A NONNESTED APPROACH
M. Rodrigo Dupleich Ulloa, University of Cambridge

 
  THE TRANSMISSION OF AGGREGATE SUPPLY AND AGGREGATE DEMAND SHOCKS IN JAPAN: HAS THERE BEEN A STRUCTURAL CHANGE?
Alexia Bastien, Eurequa - University of Paris 1
Co-Author: Frédérique Bec, CREST-ENSAE

  
  THRESHOLD EFFECTS IN MULTIVARIATE ERROR CORRECTION MODELS
Jesus Gonzalo, UC3Madrid
Co-Author: Jean-Yves Pitarakis, ESEM
  
14:30 - 16:30 TIME SERIES 2 (ESEM EEE)
Chairperson: Christian Francq, GREMARS, Université Lille 3
Room J-14
  A CLASS OF STOCHASTIC UNIT-ROOT BILINEAR PROCESSES: MIXING PROPERTIES AND UNIT-ROOT TEST
Christian Francq, GREMARS, Université Lille 3
Co-Authors: Svetlana MAKAROVA, University at St. Petersburg and Jean-Michel Zakoian, CREST and Université Lille 3

  
  A LONG MEMORY COUNT DATA TIME SERIES MODEL FOR FINANCIAL APPLICATION
Shahiduzzaman Quoreshi, Department of Economics, Umea University

  
  ASYMPTOTIC ANALYSIS OF NEARLY UNSTABLE INAR(1) MODELS
Ramon van den Akker, Tilburg University
Co-Authors: Feike C Drost, CentER, Tilburg University and Bas J.M. Werker,

 
  INHOMOGENEOUS DEPENDENCY MODELLING WITH TIME VARYING COPULAE
Enzo Giacomini, CASE - Center for Applied Statistics and Economics, Humboldt-Universität zu Berlin
Co-Authors: Wolfgang K. Härdle, CASE - Center for Applied Statistics and Economics, Humboldt-Universität zu Berlin, Ekaterina Ignatieva, CASE - Center for Applied Statistics and Economics, Humboldt-Universität zu Berlin and Vladimir Spokoiny, Weierstrass Institute for Applied Analysis and Stochastics, Berlin
  
14:30 - 16:30 TREATMENT EFFECTS AND PROGRAM EVALUATION 3 (ESEM EEE)
Chairperson: Juan Carlos Chavez-Martin del Campo, Guanajuato School of Economics
Room J-44
  DOES CONDITIONALITY GENERATE HETEROGENEITY AND REGRESSIVITY IN PROGRAM IMPACTS? THE PROGRESA EXPERIENCE.
Juan Carlos Chavez-Martin del Campo, Guanajuato School of Economics

  
  EDUCATION AND THE TIMING OF BIRTHS: EVIDENCE FROM A NATURAL EXPERTIMENT IN ITALY
Margherita Fort, Department of Statistical Sciences

  
  MATCHING ESTIMATOR OF HOUSEHOLD EQUIVALENCE SCALES
Adam Szulc, Warsaw School of Economics - Institute of Statistics and Demography

  
  THE EFFECTS OF HUMAN CAPITAL AND EARNINGS SUPPLEMENTS ON INCOME ASSISTANCE DEPENDENCE IN CANADA
Jorgen Hansen, Concordia University
  
14:30 - 16:30 UNIT ROOTS 2 (ESEM EEE)
Chairperson: Tae-Hwan Kim, Yonsei University
Room J-12
  DETECTING MULTIPLE CHANGES IN PERSISTENCE
Tae-Hwan Kim, Yonsei University
Co-Authors: Steve Leybourne, and Robert Taylor, School of Economics, Nottingham University

  
  IDENTIFICATION OF THE TRUE BREAK DATE IN INNOVATIONAL OUTLIER UNIT ROOT TESTS
Stephan Popp, University of Duisburg-Essen

  
  PANEL STATIONARITY TEST WITH STRUCTURAL BREAKS
Yao Rao, University of Liverpool
Co-Author: Kaddour Hadri, Liverpool University

  
  TESTING FOR UNIT ROOTS IN PANELS WITH A FACTOR STRUCTURE
Joerg Breitung, University of Bonn
Co-Author: Samarjit Das, Indian Statistical Institute
  
16:30 - 17:00 COFFEE BREAK

17:00 - 19:00 EEA PRESIDENTIAL ADDRESS

19:00 EEA MEMBER MEETING

The Congress Programme is subject to last minute changes.

This version of the Programme was viewed at 14/07/2006 14:07:00 at http://www.eea-esem.com/EEA-ESEM/2006/Prog/print_day.asp?day=4

Online Programme Managed by WebMeets.com Event Management LLP - www.WebMeets.com

Econometric Links of the Econometrics Journal