EEA-ESEM 2008 Milan: Congress Programme Friday August 29

	CHILD LABOR, LABOR MARKETS AND HOUSEHOLD WEALTH: ANALYSIS AND POLICY Kaushik Basu, Cornell University
	CHILD LABOR IN A GLOBALIZING WORLD Nina Pavcnik, Dartmouth College and Petia Topalova, IMF Co-Author: Eric Edmonds, Dartmouth College
	TRADE SANCTIONS, LABOR STANDARDS, AND THE POLITICAL ECONOMY OF CHILD LABOR Fabrizio Zilibotti, IEW University of Zurich Co-Author: Matthias Doepke, Depratment of Economics, UCLA

09:00 - 11:00

MACROECONOMIC IMPLICATIONS OF NON-HOMOTHETIC PREFERENCES (EEA)
Chairperson: Kiminori Matsuyama, Northwestern University

Room 1

	STRUCTURAL CHANGE ACROSS COUNTRIES AND ACROSS TIME: THEORY AND EVIDENCE Francisco J. Buera, Northwestern University Co-Author: Joseph Kaboski, Ohio State University
	IS INEQUALITY HARMFUL FOR INNOVATION AND GROWTH? PRICE VERSUS MARKET SIZE EFFECTS Josef Zweimüller, University of Zurich Co-Author: Reto Foellmi, University of Bern
	STRUCTURAL CHANGE IN AN INTERDEPENDENT WORLD: A GLOBAL VIEW OF THE MANUFACTURING DECLINE Kiminori Matsuyama, Northwestern University

09:00 - 11:00

THE ECONOMICS OF PERSONALITY (EEA)
Chairperson: James Heckman, University of Chicago

Room Perego

	INITIAL CONDITIONS, ABILITY AND PERSONALITY FORMATION AND SCHOOL OUTCOMES: EVIDENCE FROM THE MANNHEIM LONGITUDINAL STUDY OF CHILDREN AT RISK Friedhelm Pfeiffer, Centre for European Economic Research (ZEW) Co-Authors: Dorothea Blomeyer, , Katja Coneus, Centre for European Economic Research (ZEW) and Manfred Laucht,
	PERSONALITY TRAITS AND THE CONSISTENCY OF CHOICES Lex Borghans, University of Maastricht Co-Authors: Bart H.H. Golsteyn, Maastricht University, James Heckman, University of Chicago and Huub Meijers, Maastricht University
	TIME PREFERENCES: PSYCHOLOGICAL AND BIOLOGICAL SUBSTRATES Liam Delaney, University College Dublin Co-Authors: Michael Daly, Trinity College Dublin and UCD Geary Institute and Colm Harmon, University College Dublin and UCD Geary Institute

09:00 - 11:00

INVITED SESSIONS 2
ESEM: Theoretical and Applied Economics

09:00 - 11:00

DYNAMIC MECHANISM DESIGN (ESEM TAE)
Chairperson: Martin Cripps, UCL

Room Notari

	EFFICIENT DYNAMIC MECHANISMS Juuso Valimaki, Helsinki School of Economics Co-Author: Dirk Bergemann, Yale
	LEARNING, EFFICIENCY AND DYNAMIC REVENUE MAXIMIZATION Benny Moldovanu, University of Bonn

09:00 - 11:00

INVITED SESSIONS 2
ESEM: Econometrics and Empirical Economics

09:00 - 11:00

ECONOMETRICS OF LABOR (ESEM EEE)
Chairperson: Juan J. Dolado, Universidad Carlos III

Room Manfredini

	REGRESSION DISCONTINUITY WITH DURATION OUTCOMES Gerard van den Berg, Free University, Amsterdam
	A DYNAMIC EQUILIBRIUM MODEL OF THE U.S. WAGE STRUCTURE, 1968-1996 Michael Keane, University of Technology Sydney Co-Author: Matthew Johnson, CRA International

11:00 - 11:30

COFFEE BREAK

11:30 - 13:30

CONTRIBUTED SESSIONS 4
EEA

11:30 - 13:30

TRADE AND HETEROGENEITY (EEA)
Chairperson: Silvio Contessi, St. Louis Fed - Research Division

Room N10

	SECTORIAL ASYMMETRIES AND EXTERNAL SHOCKS IN AN OPEN ECONOMY: BELGIUM IN THE 1930S Luca Pensieroso, Beta - Louis Pasteur University of Strasbourg
	TRADE, TECHNOLOGY ADOPTION AND WAGE INEQUALITIES: THEORY AND EVIDENCE Maria Bas, Paris School of Economics (PSE)
	INTERNATIONAL MACROECONOMICS DYNAMICS, ENDOGENOUS TRADABILITY AND FOREIGN DIRECT INVESTMENT WITH HETEROGENEOUS FIRMS Silvio Contessi, St. Louis Fed - Research Division

11:30 - 13:30

BANKING: REGULATION (EEA)
Chairperson: Thomas Breuer, PPP Research Center FH Vorarlberg

Room N11

	SOLVENCY REGULATION AND CREDIT RISK TRANSFER Vittoria Cerasi, Milano-Bicocca University Co-Author: Jean-Charles Rochet, Toulouse University
	HOW TO MAKE BANKS REVEAL THEIR RISK: THE CASE OF BASEL II Michal Kowalik, University of Mannheim
	INTERNAL REPORTING SYSTEMS, COMMITMENT, AND CAPITAL ADEQUACY REQUIREMENTS Alan Morrison, University of Oxford Co-Author: Gyongyi Loranth, University of Cambridge
	REGULATORY CAPITAL FOR MARKET AND CREDIT RISK INTERACTION: IS CURRENT REGULATION ALWAYS CONSERVATIVE? Thomas Breuer, PPP Research Center FH Vorarlberg Co-Authors: Martin Jandacka, PPP Research Center FH Vorarlberg, Klaus Rheinberger, PPP Research Center, FH Vorarlberg and Martin Summer, Oesterreichische Nationalbank

11:30 - 13:30

BEHAVIORAL CONTRACT THEORY (EEA)
Chairperson: Joost de Laat, Université du Québec à Montréal (UQAM)

Room N12

	OPTIMAL INSURANCE DESIGN WITH BIASED BELIEFS Johannes Spinnewijn, Massachusetts Institute of Technology
	TURNING A BLIND EYE : MORAL HAZARD AND LOSS AVERSION Daniel Mueller, University of Bonn Co-Authors: Fabian Herweg, University of Bonn and Philipp Weinschenk, Max Planck Institut for Research on Collective Goods
	DO LEGAL STANDARDS AFFECT ETHICAL CONCERNS OF CONSUMERS? Dirk Engelmann, Royal Holloway, University of London Co-Author: Dorothea Kübler, Technical University of Berlin
	ADVERSE SELECTION AND CAREER OUTCOMES IN THE ETHIOPIAN PHYSICIAN LABOR MARKET Joost de Laat, Université du Québec à Montréal (UQAM) Co-Author: William Jack, Georgetown University

11:30 - 13:30

SOCIAL INTERACTIONS (EEA)
Chairperson: Emiko Usui, Nagoya University

Room N13

	CUSTOM IN THE SHADOW OF THE FORMAL LAW: AN ECONOMIC ANALYSIS Gani Aldashev, University of Namur Co-Authors: Imane Chaara, University of Namur, Jean-Philippe Platteau, University of Namur and Zaki Wahhaj, Postdoctoral Fellow
	DEMOCRACY AND FOREIGN EDUCATION Antonio Spilimbergo, International Monetary Fund
	THE REMAINS OF INFORMALITY: THE ROLE OF SOCIAL NETWORKS IN THE SENEGALESE LABOR Nicoletta Berardi, Toulouse School of Economics (ARQADE) Co-Author: Jean-Paul Azam, Toulouse School of Economics (ARQADE), IDEI, IZA, Institut Universitaire de France
	INTERGENERATIONAL CORRELATIONS OF SKILLS Emiko Usui, Nagoya University Co-Author: Tsunao Okumura, Yokohama National University

11:30 - 13:30

POLITICAL ECONOMY: CONFLICT AND RENT-SEEKING (EEA)
Chairperson: Jordi Brandts, Institut d''Anàlisi Econòmica (CSIC)

Room N14

	ALL-PAY AUCTION EQUILIBRIA IN CONTESTS Matthias Dahm, Universitat Rovira i Virgili Co-Author: José Alcalde, Universidad de Alicante
	POLITICAL CONNECTIONS IN A MARKET ECONOMY Sonja Opper, Lund University Co-Author: Victor Nee, Cornell University
	SURVIVAL OF POLITICAL LEADERSHIP Sanna Nurmikko, University of Essex
	INTER-GROUP CONFLICT AND INTRA-GROUP PUNISHMENT IN AN EXPERIMENTAL CONTEST GAME Jordi Brandts, Institut d''Anàlisi Econòmica (CSIC) Co-Authors: Klaus Abbink, , Benedikt Herrmann, University of Nottingham and Henrik Orzen, University of Nottingham

11:30 - 13:30

DEBT AND CRISES IN EMERGING MARKETS (EEA)
Chairperson: Ashok Kaul, Gutenberg University Mainz and IEW, University of Zurich

Room N15

	CURRENCY DENOMINATION OF BANK LOANS: EVIDENCE FROM SMALL FIRMS IN TRANSITION COUNTRIES Pinar Yesin, Swiss National Bank Co-Authors: Martin Brown, Swiss National Bank and Steven Ongena, CentER - Tilburg University and CEPR
	APPLYING A STRUCTURAL MODEL WITH MULTIPLE DEBT SERVICE PAYMENTS TO SOVEREIGN BOND SPREADS: A CASE STUDY OF ARGENTINE DEFAULT RISK Dominik Maltritz, TU Dresden
	CURRENCY CRISIS PREDICTION USING ADR MARKET DATA – AN OPTIONS-BASED APPROACH Stefan Eichler, University of Technology Dresden Co-Author: Dominik Maltritz, TU Dresden
	ASSET BUBBLES, INVESTMENT, AND RESERVE HOLDINGS IN EMERGING ECONOMIES Ashok Kaul, Gutenberg University Mainz and IEW, University of Zurich Co-Author: Martin Barbie, University of Karlsruhe

11:30 - 13:30

DISCRIMINATION (EEA)
Chairperson: Jonas Vlachos, Stockholm University

Room N16

	ISLAMISTIC TERROR, THE WAR ON IRAQ AND THE JOB PROSPECTS OF ARAB MEN IN BRITAIN: DOES A COUNTRY'S DIRECT INVOLVEMENT MATTER? Nils Braakmann, Leuphana University Lueneburg
	EQUAL-TREATMENT POLICY IN A RANDOM SEARCH MODEL WITH TASTE DISCRIMINATION Jun Lu, University of Konstanz Co-Author: Leo Kaas, University of Konstanz
	WHO IS HURT BY DISCRIMINATION Birthe Larsen, Copenhagen Business School
	COMPETITION, TAKEOVERS AND GENDER DISCRIMINATION Jonas Vlachos, Stockholm University Co-Authors: Fredrik Heyman, The Research Institute of Industrial Economics and Helena Svaleryd, Research Institute of Industrial Economics

11:30 - 13:30

ECONOMICS AND DEMOCRACY (EEA)
Chairperson: Matthias Doepke, Depratment of Economics, UCLA

Room N17

	DOES DIRECT DEMOCRACY REDUCE THE SIZE OF GOVERNMENT? NEW EVIDENCE FROM HISTORICAL DATA, 1890-2000 Patricia Funk, Universitat Pompeu Fabra Co-Author: Christina Gathmann, Stanford University
	DOES TAX COMPETITION TAME THE LEVIATHAN? Marius Brülhart, HEC - Université de Lausanne Co-Author: Mario Jametti, York University - Department of Economics
	CONSENSUAL AND CONFLICTUAL DEMOCRATIZATION, RULE OF LAW AND DEVELOPMENT Matteo Cervellati, University of Bologna Co-Authors: Piergiuseppe Fortunato, and Uwe Sunde, University of St.Gallen
	WOMEN'S LIBERATION: WHAT'S IN IT FOR MEN? Matthias Doepke, Depratment of Economics, UCLA Co-Author: Michele Tertilt, Stanford University

11:30 - 13:30

MONETARY POLICY AND THE LABOUR MARKET (EEA)
Chairperson: Joern Tenhofen, University of Bonn

Room N18

	TREND INFLATION AS A DISCIPLINING DEVICE IN A GENERAL EQUILIBRIUM MODEL Giovanni Di Bartolomeo, Università di Termao Co-Authors: Nicola Acocella, University of Roma I and Patrizio Tirelli, University of Milano Bicocca
	THE LABOR MARKET AND MONETARY PERSISTENCE: A NEW PERSPECTIVE Christian Merkl, Kiel Institute for the World Economy, Christian-Albrechts-University Kiel Co-Authors: Wolfgang Lechthaler, Kiel Institute for the World Economy and Dennis Snower, Kiel Institute for the World Economy
	OPTIMAL MONETARY POLICY UNDER LABOR MARKET FRICTIONS: THE ROLE OF WAGE RIGIDITY AND DEMAND SHOCKS Joern Tenhofen, University of Bonn

11:30 - 13:30

FINANCE AND MARKET STRUCTURE (EEA)
Chairperson: Christoph Müller, University of Cologne

Room N19

	THE INTRA- AND INTERDAY PATTERNS OF THE OVERNIGHT MARKET: EVIDENCE FROM AN ELECTRONIC PLATFORM RENAUD BEAUPAIN, CEREFIM, UNIVERSITY OF NAMUR Co-Author: Alain C.J. DURRE, ECB and IESEG-Catholic University of Lille
	PROBABILITY OF INFORMED TRADING ON THE EURO OVERNIGHT MARKET RATE : AN UPDATE Stefano Nardelli, European Central Bank Co-Author: Julien Idier, Université Paris 1 & Banque de France
	EFFECTIVELY SETTING NON-ANONYMITY IN FINANCIAL MARKETS WITH PRICE LEADERSHIP Luca Gelsomini, Dep. of Economics, U. of Warwick
	PRICE ADJUSTMENT TO NEWS WITH UNCERTAIN PRECISION Christoph Müller, University of Cologne Co-Authors: Nikolaus Hautsch, Humboldt-Universität zu Berlin and Dieter Hess, University of Cologne

11:30 - 13:30

ECONOMICS OF THE HOUSEHOLD (EEA)
Chairperson: Sarah Brown, University of Sheffield

Room N20

	INFORMAL INSURANCE AND INCOME INEQUALITY Sarolta Laczó, Toulouse School of Economics (Gremaq)
	MULTIPLE-OUTPUT CHILD HEALTH PRODUCTION FUNCTIONS: THE IMPACT OF TIME-VARYING AND TIME-INVARIANT INPUTS Scott Atkinson, Department of Economics, Univ. of Georgia Co-Authors: Mark Agee, Penn State University--Altoona and Tom Crocker, University of Wyoming
	THE SCHUBERT EFFECT, CAN A FLOURISHING BUSINESS CROWD OUT HUMAN CAPITAL Jibirila Leinyuy, PhD Student, Gremaq, University Toulouse 1, France Co-Author: Paul Seabright, Professor University of Toulouse 1
	DEBT AND RISK PREFERENCE: A HOUSEHOLD LEVEL ANALYSIS Sarah Brown, University of Sheffield Co-Authors: Gaia Garino, University of Leicester, Peter Simmons, University of York and Karl Taylor, University of Sheffield

11:30 - 13:30

ECONOMIC HISTORY II (EEA)
Chairperson: Delavande Adeline, Universidade Nova de Lisboa and RAND

Room N21

	POWER DISTRIBUTION AND ENDOGENOUS SEGREGATION Catherine Bros, Université Paris 1
	MEDIEVAL MATCHING MARKETS Lars Boerner, EUI, Florence Co-Author: Dan Quint, University of Wisconsin Madison
	LEGAL INSTITUTIONS, MEDIEVAL UNIVERSITIES, AND THE COMMERCIAL REVOLUTION Noam Yuchtman, Harvard University Co-Author: Davide Cantoni, Harvard University
	MARRIAGE AND WAR Delavande Adeline, Universidade Nova de Lisboa and RAND Co-Authors: Ran Abramitzky, Stanford University and Luis Vasconcelos, Universidade Nova de Lisboa

11:30 - 13:30

INTERNATIONAL TRADE: EMPIRICAL STUDIES (EEA)
Chairperson: Mario Larch, ifo Institute for Economic Research

Room N22

	PRODUCTIVITY AND THE SOURCING MODES OF MULTINATIONAL FIRMS: EVIDENCE FROM FRENCH FIRM-LEVEL DATA Fabrice Defever, CEP, London School of Economics Co-Author: Farid Toubal, Paris School of Economics, University of Paris 1, Panthéon Sorbonne
	REAL EXCHANGE RATE MOVEMENTS AND BILATERAL EXPORTS: THE DAMPENING EFFECT OF TRADE COSTS Antoine Berthou, UNIVERSITY PARIS I PANTHEON-SORBONNE
	TRADE LIBERALIZATION, FACTOR PROPORTIONS, AND THE PATTERN OF TRADE Ana Fernandes, CEP, London School of Economics
	GRAVITY REDUX: STRUCTURAL ESTIMATION OF GRAVITY EQUATIONS WITH ASYMMETRIC BILATERAL TRADE COSTS Mario Larch, ifo Institute for Economic Research Co-Authors: Jeffrey Bergstrand, and Peter Egger, Muenchen LMU

11:30 - 13:30

CONTRACT THEORY III (EEA)
Chairperson: Francesca Barigozzi, University of Bologna

Room N23

	OPTIMAL PENALTY FOR INVESTMENT DELAY IN PUBLIC PROCUREMENT CONTRACTS: EVIDENCE FROM THE ITALIAN EXPERIENCE Paola Valbonesi, Dept. of Economics - University of Padova Co-Authors: Chiara D'Alpaos, University of Padova and Michele Moretto, University of Padova
	CONTINUOUS-TIME SCREENING CONTRACTS Alessandro Bonatti, Yale University
	PROMPT CORRECTIVE ACTION WITH RECAPITALIZATION POSSIBILITY IN A CONTINUOUS - TIME MODEL Thi Quynh Anh VO, GREMAQ - Toulouse School of Economics
	GENETIC INFORMATION: A COMPARISON OF THE DIFFERENT REGULATORY APPROACHES WHEN PREVENTION MATTERS Francesca Barigozzi, University of Bologna

11:30 - 13:30

INEQUALITY AND REDISTRIBUTION (EEA)
Chairperson: Udo Ebert, University of Oldenburg

Room N24

	STILL A DIRECTOR'S LAW? ON THE POLITICAL ECONOMY OF INCOME REDISTRIBUTION Jan Schnellenbach, University of Heidelberg Co-Author: Lars Feld, University of Heidelberg
	REDISTRIBUTIVE POLITICS UNDER OPTIMALLY INCOMPLETE INFORMATION Tommaso Gabrieli, University of Warwick
	INCOME, INFORMATION AND THE EXTENT OF REDISTRIBUTION Jo Thori Lind, University of Oslo Co-Author: Dominic Rohner, University of York
	TAKING EMPIRICAL STUDIES SERIOUSLY: THE PRINCIPLE OF CONCENTRATION AND THE MEASUREMENT OF WELFARE AND INEQUALITY Udo Ebert, University of Oldenburg

11:30 - 13:30

LABOR MOBILITY AND HIRING (EEA)
Chairperson: Michael Vlassopoulos, University of Southampton

Room N25

	EXCLUSIVE TALENT AND COLLUSIVE OUTCOMES Luis Vasconcelos, Universidade Nova de Lisboa Co-Author: Mariano Selvaggi, London School of Economics
	EDUCATION POLICY AND TAX COMPETITION WITH IMPERFECT STUDENT AND LABOR MOBILITY Thomas Lange, University of Konstanz, ifo Institute Munich and University of Paderborn Co-Author: Tim Krieger, Department of Economics, University of Paderborn
	THE COSTS OF HIRING SKILLED WORKERS Samuel Muehlemann, University of Berne Co-Authors: Marc Blatter, University of Berne and Samuel Schenker, University of Berne
	VOLUNTEER HIRING, ORGANIZATIONAL FORM AND THE PROVISION OF MISSION-ORIENTED GOODS Michael Vlassopoulos, University of Southampton

11:30 - 13:30

EMPIRICAL FINANCE (EEA)
Chairperson: Huntley Schaller, Department of Economics, Carleton University

Room N26

	AGAINST ALL ODDS? NATIONAL SENTIMENT AND WAGERING ON EUROPEAN FOOTBALL Michael Kvasnicka, RWI Essen Co-Author: Sebastian Braun, Humboldt University of Berlin
	EFFICIENCY IN HOUSING MARKETS: WHICH HOME BUYERS KNOW HOW TO DISCOUNT? Erik Hjalmarsson, Federal Reserve Board Co-Author: Randi Hjalmarsson, University of Maryland
	MEDIA COVERAGE AND STOCK MARKET RETURNS: EVIDENCE FROM CHEMICAL DISASTERS Marie-Aude Laguna, Paris School of Economics - Université Paris I Panthéon-Sorbonne
	EQUITY OVERVALUATION AND A CAPITAL MISALLOCATION: A REVEALED PREFERENCE APPROACH Huntley Schaller, Department of Economics, Carleton University Co-Author: Robert Chirinko, University of Illinois at Chicago

11:30 - 13:30

GROWTH AND PRODUCTIVITY (EEA)
Chairperson: Marios Zachariadis, University of Cyprus

Room N27

	ACCOUNTING FOR FIRM HETEROGENEITY -DISTRIBUTIONAL EFFECTS OF CAPITAL AND LABOR ON ECONOMIC Marc Schiffbauer, University of Bonn Co-Author: Michal Paluch, University of Bonn
	FAIRNESS, TRADE AND INEQUALITY Hartmut Egger, University of Zurich Co-Author: Udo Kreickemeier, University of Nottingham
	ESTIMATING THE ELASTICITY OF SUBSTITUTION WITH BIASED TECHNICAL CHANGE Peter McAdam, Ecb
	LONGEVITY AND EDUCATION: A MACROECONOMIC PERSPECTIVE Marios Zachariadis, University of Cyprus Co-Author: Francesco Ricci, THEMA - Université de Cergy-Pontoise and Toulouse School of Economics (LERNA)

11:30 - 13:30

CULTURE AND ETHNICITY (EEA)
Chairperson: Stefan Buehler, University of St. Gallen

Room N28

	CHILDREN, KITCHEN, CHURCH: DOES ETHNICITY MATTER? Anzelika Zaiceva, University of Bologna and IZA Co-Author: Klaus F. Zimmermann, IZA, Bonn University, and DIW Berlin
	THE ROOTS OF ETHNIC DIVERSITY Ola Olsson, University of Gothenburg Co-Author: Pelle Ahlerup, University of Gothenburg
	"CULTURE MATTERS" - GROWTH, TECHNOLOGICAL PROGRESS, POVERTY TRAPS AND ENDOGENOUS CULTURAL CHANGE Mariko Klasing, University of St. Gallen
	ON THE GEOGRAPHIC AND CULTURAL DETERMINANTS OF BANKRUPTCY Stefan Buehler, University of St. Gallen Co-Authors: Franz Jaeger, and Christian Kaiser, HSBC, London

11:30 - 13:30

INDUSTRIAL ORGANIZATION II (EEA)
Chairperson: Spagnolo Giancarlo, University of Rome Tor Vergata and SITE - Stockholm School of Economics

Room N29

	TWO AT THE TOP: QUALITY DIFFERENTIATION WITH SWITCHING COSTS Thomas Gehrig, University of Freiburg Co-Author: Rune Stenbacka, Swedish School of Economics
	DOES THE ABSENCE OF COMPETITION IN MARKETS FOSTER COMPETITION FOR THE MARKET? A DYNAMIC APPROACH TO AFTERMARKETS Joana Resende, CORE, Université catholique de Louvain and University of Porto Co-Author: Didier Laussel, GREQAM, Université de la Mediterranée
	DYNAMIC MERGER REVIEW Volker Nocke, University of Oxford Co-Author: Michael Whinston, Northwestern University
	RELATIONAL PROCUREMENT Spagnolo Giancarlo, University of Rome Tor Vergata and SITE - Stockholm School of Economics Co-Author: Giacomo Calzolari, University of Bologna

11:30 - 13:30

CONTRIBUTED SESSIONS 4
ESEM: Theoretical and Applied Economics

11:30 - 13:30

AUCTIONS 2 (ESEM TAE)
Chairperson: Thomas Troeger, University of Bonn

Room A

	COLLUSION VIA RESALE Thomas Troeger, University of Bonn Co-Authors: Rod Garratt, University of California at Santa Barbara and Charles Zheng, Iowa State University
	SEQUENTIAL AUCTIONS WITH RANDOM ARRIVALS Maher Said, Yale University
	COMMUNICATION AND EFFICIENCY IN AUCTIONS Nenad Kos, Northwestern University
	ENDING RULES IN SIMULTANEOUS ASCENDING AUCTIONS: INSIGHTS FROM AUCTIONS ON THE INTERNET Greg Taylor, University of Southampton

11:30 - 13:30

OLIGOPOLY MODELS (ESEM TAE)
Chairperson: Xavier Vives, IESE Business School and UPF

Room B

	STRATEGIC SUPPLY FUNCTION COMPETITION WITH PRIVATE INFORMATION Xavier Vives, IESE Business School and UPF
	OLIGOPOLISTIC COMPETITION IN PRICE AND QUALITY Andrey Dubovik, Tinbergen Institute, Erasmus University Rotterdam Co-Author: Maarten Janssen, University of Vienna, Erasmus University
	ENDOGENOUS TIMING IN A MIXED DUOPOLY Giuseppe De Feo, Department of Economics, University of Strathclyde
	EQUILIBRIUM SELECTION WITH RISK DOMINANCE IN A MULTIPLE-UNIT UNIT PRICE AUCTION Anette Boom, Copenhagen Business School

11:30 - 13:30

POLITICAL ECONOMY (PARTIES) (ESEM TAE)
Chairperson: Benoit Crutzen, Erasmus University Rotterdam

Room C

	DISTRICTS, PARTY DISCIPLINE, AND POLARIZATION Benoit Crutzen, Erasmus University Rotterdam Co-Author: Micael Castanheira, ECARES, ULB
	STRATEGIC POWER INDICES: QUARRELLING IN COALITIONS László Kóczy, Maastricht University / Budapest Tech
	THE LEADER AS CATALYST: ON LEADERSHIP AND THE MECHANICS OF INSTITUTIONAL CHANGE Sumon Majumdar, Queen''s University Co-Author: Sharun Mukand, University of Warwick
	AN AGENDA-SETTING MODEL OF ELECTORAL COMPETITION Humberto Llavador, Universitat Pompeu Fabra Co-Author: Josep M. Colomer, Universitat Pompeu Fabra and CSIC

11:30 - 13:30

R&D AND INNOVATION (ESEM TAE)
Chairperson: Pia Weiss, Chemnitz University of Technology

Room D

	GLOBAL PATENT RACES AND NATIONAL PATENT POLICY: ON THE OPTIMAL NONÂ€“OBVIOUSNESS STANDARD Pia Weiss, Chemnitz University of Technology
	THE IMPACT OF MARKET STRUCTURE ON R&D COMPETITION WITH LEARNING Jianjun Wu, University of Arizona Co-Author: David Besanko, Northwestern University
	NATURAL CONCENTRATION IN INDUSTRIAL RESEARCH COLLABORATION Bastian Westbrock, Utrecht University
	INNOVATION, FIRM EFFICIENCY, AND MARKET STRUCTURE Danny Hughes, University of South Alabama

11:30 - 13:30

LEARNING AND MACROECONOMICS (ESEM TAE)
Chairperson: Jacek Suda, Washington University in St. Louis

Room E

	STABILITY OF MACROECONOMIC SYSTEMS WITH BAYESIAN LEARNERS Jacek Suda, Washington University in St. Louis Co-Author: James Bullard, Federal Reserve Bank of St louis
	OPTIMAL MONETARY POLICY WHEN AGENTS ARE LEARNING Krisztina Molnar, NHH Co-Author: Sergio Santoro, Bank of Italy
	THE FORWARD SOLUTION FOR LINEAR RATIONAL EXPECTATIONS MODELS Antonio Moreno, Universidad de Navarra Co-Author: Seonghoon Cho, Yonsei University
	SOLVING LINEAR RATIONAL EXPECTATIONS MODELS WITH LAGGED EXPECTATIONS QUICKLY AND EASILY Alexander Meyer-Gohde, Technische Universität Berlin

11:30 - 13:30

INFORMATION AND UNCERTAINTY (ESEM TAE)
Chairperson: Indranil Chakraborty, National University of Singapore

Room 11

	LET THE PUNISHMENT FIT THE CRIME: ENFORCEMENT WITH ERROR Indranil Chakraborty, National University of Singapore
	FALSIFIABILITY A Sandroni, University of Pennsylvania Co-Author: A Sandroni, University of Pennsylvania
	THE VALUE OF RELIABILITY Mogens Fosgerau, Technical University of Denmark Co-Author: Anders Karlstrom, Royal Institute of Technology
	SOCIALLY EFFICIENT DISCOUNTING UNDER AMBIGUITY AVERSION Johannes Gierlinger, Toulouse School of Economics Co-Author: Christian Gollier, Toulouse School of Economics (LERNA and EIF)

11:30 - 13:30

EDUCATION (ESEM TAE)
Chairperson: Ana Lamo, European Central Bank

Room 12

	EDUCATIONAL MISMATCH AND WAGES IN ESTONIA Ana Lamo, European Central Bank Co-Author: Julian Messina, Universitat de Girona
	LUTHER AND THE GIRLS: RELIGIOUS DENOMINATION AND THE FEMALE EDUCATION GAP IN 19TH CENTURY PRUSSIA Ludger Wössmann, Ifo Insitute of Economic Research Co-Author: Sascha O. Becker, University of Munich
	LABOR MARKET AND SCHOOLING CHOICE:ITALY VS US Fabrizio Colonna, University of Minnesota
	FREE-RIDER AND GAMING IN THE DISTRIBUTION OF REVENUES ACROSS SCHOOLS Eduardo Andrade, Ibmec Sao Paulo Co-Authors: Mauricio Bugarin, Ibmec Sao Paulo, Fabio Miessi, USP and Bruno Rocha, Tendencias, USP

11:30 - 13:30

GROWTH (ESEM TAE)
Chairperson: Christian Groth, University of Copenhagen

Room 13

	ROBUSTNESS PROBLEMS IN ENDOGENOUS GROWTH THEORY Christian Groth, University of Copenhagen Co-Author: Sjak Smulders, University of Calgary
	DISTRIBUTION DYNAMCIS AND MEASUREMENT ERROR Ole Rummel, Bank of England
	TRANSITIONAL DYNAMICS IN AN ENDOGENOUS GROWTH MODEL WITH HETEROGENEOUS CONSUMPTION GOODS Xavier Raurich, University of Barcelona Co-Authors: Jaime Alonso-Carrera, Universidade de Vigo and Jordi Caballé, Uiversitat Autònoma de Barcelona
	TRADE LIBERALIZATION, FEMALE LABOR FORCE PARTICIPATION AND ECONOMIC GROWTH Hosny Zoabi, Tel Aviv University

11:30 - 13:30

CONTRACTS: DYNAMICS (ESEM TAE)
Chairperson: Alessandro Pavan, Northwestern University

Room 14

	LONG-TERM CONTRACTING IN A CHANGING WORLD Alessandro Pavan, Northwestern University Co-Authors: Ilya Segal, and Juuso Toikka,
	MONOPOLISTIC SCREENING UNDER LEARNING BY DOING Dennis Gartner, University of Zurich
	DYNAMIC MORAL HAZARD AND PROJECT COMPLETION Robin Mason, University of Southampton Co-Author: Juuso Valimaki, Helsinki School of Economics
	THE VALUE OF WAITING TO INVEST UNDER ASYMMETRIC INFORMATION Matthieu Bouvard, Université Toulouse I, IAE, CRG

11:30 - 13:30

CONTRIBUTED SESSIONS 4
ESEM: Econometrics and Empirical Economics

11:30 - 13:30

FINANCIAL ECONOMETRICS IN CONTINUOUS TIME (ESEM EEE)
Chairperson: James Davidson, University of Exeter

Room 15

	STATISTICAL PROPERTIES OF JUMP-DIFFUSION PROCESSES WITH SHOT-NOISE EFFECTS Serrano Pedro, UC3M Co-Authors: Moreno Manuel, University of Castilla-La Mancha and Stute Winfried, University of Gissen
	BIPOWER-TYPE ESTIMATION IN A NOISY DIFFUSION SETTING Mark Podolskij, CREATES, University of Aarhus Co-Author: Mathias Vetter, Ruhr-University of Bochum
	INFERENCE FOR THE JUMP PART OF QUADRATIC VARIATION OF ITÔ SEMIMARTINGALES Almut Veraart, CREATES, University of Aarhus
	REPRESENTATION AND WEAK CONVERGENCE OF STOCHASTIC INTEGRALS WITH FRACTIONAL INTEGRATOR PROCESSES James Davidson, University of Exeter Co-Author: Nigar Hashimzade, University of Exeter

11:30 - 13:30

EXCHANGE RATES (ESEM EEE)
Chairperson: Nikola Gradojevic, Lakehead University, Fac. of Business Administration

Room 21

	AGGREGATION IS NOT THE SOLUTION: THE PPP PUZZLE STRIKES BACK. María Dolores Gadea, University of Zaragoza Co-Author: Laura Mayoral, CSIC
	EXCHANGE RATE VOLATILITY AND EXPORT PERFORMANCE: A COINTEGRATED VAR APPROACH Pål Boug, Statistics Norway Co-Author: Andreas Fagereng, European University Institute
	THE NOK/EURO EXCHANGE RATE AFTER INFLATION TARGETING: THE INTEREST RATE RULES Eilev S. Jansen, Statistics Norway Co-Author: Roger Bjørnstad, Statistics Norway
	WHEN DO INFORMED TRADERS ARRIVE IN FOREIGN EXCHANGE MARKETS? Nikola Gradojevic, Lakehead University, Fac. of Business Administration Co-Authors: Ramazan Gencay, Simon Fraser University, Department of Economics and Faruk Selcuk, Bilkent University, Department of Economics

11:30 - 13:30

VOLATILITY I (ESEM EEE)
Chairperson: Christian Hafner, UCLouvain la Neuve

Room 22

	CORRELATION TIMING IN ASSET ALLOCATION WITH BAYESIAN LEARNING Ilias Tsiakas, University of Warwick Co-Authors: Pasquale Della Corte, University of Warwick and Lucio Sarno,
	IS VOLATILITY GOOD FOR GROWTH? EVIDENCE FROM THE G7 Alessandra Pelloni, Department of Economics, University of Tor Vergata Co-Authors: Elena Andreou, University of Cyprus and Marianne Sensier, University of Manchester
	NEGATIVE VOLATILITY SPILLOVERS IN THE UNRESTRICTED ECCC-GARCH MODEL Christian Conrad, University of Heidelberg, Faculty of Economics and Social Studies Co-Author: Menelaos Karanasos, Brunel University
	EFFICIENT ESTIMATION OF A MULTIVARIATE MULTIPLICATIVE VOLATILITY MODEL Christian Hafner, UCLouvain la Neuve Co-Author: Oliver Linton, LSE

11:30 - 13:30

UNIT ROOTS II (ESEM EEE)
Chairperson: Christian de Peretti, University of Evry Val d''Essonne

Room 23

	A NONLINEAR UNIT ROOT TEST IN THE PRESENCE OF AN UNKNOWN BREAK Stephan Popp, University of Duisburg-Essen
	A NONPARAMETRIC TEST FOR SEASONAL UNIT ROOTS Robert Kunst, University of Vienna
	FINITE SAMPLE EFFECTS OF PURE SEASONAL MEAN SHIFTS ON DICKEY-FULLER TESTS: A SIMULATION STUDY Artur Silva Lopes, CEMAPRE & ISEG-UTL
	A NONLINEAR PANEL UNIT ROOT TEST UNDER CROSS SECTION DEPENDENCE Christian de Peretti, University of Evry Val d''Essonne Co-Authors: Mario Cerrato, London Metropolitan University and Nick Sarantis, London Metropolitan University

11:30 - 13:30

EMPIRICAL LIKELIHOOD (ESEM EEE)
Chairperson: Martin Burda, University of Toronto

Room 24

	GEL PEARSON-TYPE STATISTICS UNDER WEAK IDENTIFICATION Richard J. Smith, Cambridge Co-Authors: Patrik Guggenberger, and Joaquim Ramalho, Universidade de Evora
	EMPIRICAL LIKELIHOOD ESTIMATION OF CENSORED MIXTURE MODELS Zhengyuan Gao, Tinbergen Institute and University of Amsterdam
	EMPIRICAL LIKELIHOOD ESTIMATORS FOR STOCHASTIC DISCOUNT FACTORS Caio Almeida, EPGE Getulio Vargas Fundacao Co-Author: Rene Garcia, Montréal
	SIEVE-BASED EMPIRICAL LIKELIHOOD UNDER SEMIPARAMETRIC CONDITIONAL MOMENT RESTRICTIONS Martin Burda, University of Toronto

11:30 - 13:30

EVALUATION OF PROGRAMS FOR THE UNEMPLOYED (ESEM EEE)
Chairperson: Bart Cockx, IRES and Department of Economics, Université catholique de Louvain. IZA, Bonn. CESIfo, Munich.

Room 25

	IS SHORT TRAINING SHORT-LIVED AND LONG TRAINING LONG-LASTING? A MULTI-STATE DURATION ANALYSIS OF THE DYNAMIC EFFECTS OF TRAINING SCHEMES FOR THE UNEMPLOYED Aderonke Osikominu, Albert-Ludwigs-University Freiburg
	DOES UNEMPLOYED TRAINING INCREASE INDIVIDUAL EMPLOYABILITY: EVIDENCE FROM LATVIAN MICRODATA Jekaterina Dmitrijeva, EPEE , Université d''Evry Val d''Essonne
	HOW DO DIFFERENT ENTITLEMENTS TO UNEMPLOYMENT BENEFITS AFFECT THE TRANSITIONS FROM UNEMPLOYMENT INTO EMPLOYMENT? Pedro Portugal, Banco de Portugal Co-Author: John Addison, University of South Carolina
	IS THE NOTIFICATION OF MONITORING A THREAT TO THE UNEMPLOYED? A REGRESSION DISCONTINUITY APPROACH Bart Cockx, IRES and Department of Economics, Université catholique de Louvain. IZA, Bonn. CESIfo, Munich. Co-Author: Muriel Dejemeppe, Department of Economics, Universite catholique de Louvain

11:30 - 13:30

FIRM PRODUCTIVITY (ESEM EEE)
Chairperson: Thomas Strobel, Ifo Institute for Economic Research

Room 31

	FIRM PRODUCTIVITY: THE ROLE OF COMPETITION AND OF THE INITIAL FIRM EFFICIENCY. EVIDENCE FROM THE CZECH REPUBLIC Lisbeth Funding la Cour, Copenhagen Business School Co-Author: Delia Ionascu, Copenhagen Business School
	MARKET ACCESS AND THE EVOLUTION OF WITHIN PLANT PRODUCTIVITY IN CHILE Ivan Ledezma, Paris School of Economics / Université Paris 1 Panthéon Sorbonne Co-Author: Maria Bas, Paris School of Economics (PSE)
	THE IMPACT OF WORKPLACE CONDITIONS ON FIRM PERFORMANCE Sebastian Buhai, University of Aarhus, Aarhus School of Business, Dep of Economics Co-Authors: Elena Cottini, University of Aarhus, Aarhus School of Business, Dep of Economics and Niels Westergaard-Nielsen, University of Aarhus, Aarhus School of Business, Dep of Economics
	GERMANY’S CONTINUED PRODUCTIVITY SLUMP: AN INDUSTRY ANALYSIS Thomas Strobel, Ifo Institute for Economic Research Co-Author: Theo Eicher, University of Washington

11:30 - 13:30

UNEMPLOYMENT (ESEM EEE)
Chairperson: Antoine Terracol, EQUIPPE, université de Lille and TEAM, Université Paris 1

Room 32

	UNEMPLOYMENT INSURANCE IN EUROPE: UNEMPLOYMENT DURATION AND SUBSEQUENT EMPLOYMENT STABILITY Tatsiramos Konstantinos, IZA
	THE NON TAKEUP OF AN UNEMPLOYMENT INSURANCE REFORM IN FRANCE - A DURATION ANALYSIS WITH COMPETING AND DEFECTIVE RISKS sylvie blasco, Crest
	SIMPLE NONPARAMETRIC ESTIMATORS FOR UNEMPLOYMENT DURATION ANALYSIS Laura Wichert, University of Konstanz Co-Author: Ralf Wilke, University of Nottingham
	CAN REDUCED ACTIVITY BE A STEPPING STONE FOR THE UNEMPLOYED? Antoine Terracol, EQUIPPE, université de Lille and TEAM, Université Paris 1 Co-Author: Florent Fremigacci, EPEE, Université d'Evry

11:30 - 13:30

STRUCTURAL BREAKS I (ESEM EEE)
Chairperson: Atsushi Inoue, University of British Columbia and North Carolina State University

Room 33

	MULTIVARIATE METHODS FOR MONITORING STRUCTURAL CHANGE Simon Price, Bank of England and City University Co-Authors: Jan J. J. Groen, Federal Reserve Bank of New York and George Kapetanios, Queen Mary College, University of London
	TESTING FOR A BREAK IN PERSISTENCE UNDER LONG-RANGE DEPENDENCIES Philipp Sibbertsen, University of Hannover
	ESTIMATION AND INFERENCE IN UNSTABLE NONLINEAR LEAST SQUARES MODELS Otilia Boldea, Tilburg U., Econometrics Dept. Co-Author: Alastair R. Hall,
	WHICH STRUCTURAL PARAMETERS ARE "STRUCTURAL"? IDENTIFYING THE SOURCES OF INSTABILITIES IN ECONOMIC MODELS Atsushi Inoue, University of British Columbia and North Carolina State University Co-Author: Barbara Rossi, Duke University

13:30 - 15:00

LUNCH BREAK

15:00 - 16:30

CONTRIBUTED SESSIONS 5A
EEA

15:00 - 16:30

PERSONNEL ECONOMICS A (EEA)
Chairperson: Josse Delfgaauw, Department of Economics, Erasmus University Rotterdam

Room N10

	PERFORMANCE PAY, RISK ATTITUDES AND JOB SATISFACTION Thomas Cornelissen, Leibniz Universität Hannover Co-Authors: John S. Heywood, University of Wisconsin-Milwaukee, Department of Economics and Uwe Jirjahn, Leibniz Universität Hannover, School of Economics and Management
	WHY DO FIRMS TRAIN? THE NET COSTS PARADOX RECONSIDERED. Jens Mohrenweiser, University of Zurich Co-Author: Thomas Zwick, Centre for European Economic Research
	INCENTIVES FOR UNAWARE AGENTS Xiaojian Zhao, Doctoral Student in Mannheim Co-Author: Ernst-Ludwig von Thadden, University of Mannheim

15:00 - 16:30

INSTITUTIONS AND GROWTH A (EEA)
Chairperson: Oswaldo Molina Campodonico, University of Oxford

Room N11

	TRADE LIBERALIZATION AND INSTITUTIONAL DEVELOPMENT Sambit Bhattacharyya, The Australian National University
	GEOGRAPHY, INSTITUTIONS AND URBAN DEVELOPMENT: ITALIAN CITIES, 1300-1861 Marco Percoco, Università Bocconi
	GERONTOCRACY AND ECONOMIC DECLINE: AN ITALIAN TALE Carlotta Berti Ceroni, University of Bologna Co-Authors: Giorgio Bellettini, University of Bologna and Giovanni Prarolo, University of Bologna and FEEM

15:00 - 16:30

CONSUMER BEHAVIOR: INTERTEMPORAL CONSUMPTION A (EEA)
Chairperson: Hervé Roche, Califonia Polytechnic State Uinversity

Room N12

	THE IMPACT OF INDIVIDUAL INVESTMENT BEHAVIOR FOR RETIREMENT WELFARE: EVIDENCE FROM THE UNITED STATES AND GERMANY Thomas Post, Humboldt-Universität zu Berlin, School of Business and Economics Co-Authors: Helmut Gründl, Humboldt-Universität zu Berlin, School of Business and Economics, Joan Schmit, University of Wisconsin-Madison, School of Business and Anja Zimmer, Humboldt-Universität zu Berlin, School of Business and Economics
	INTERNATIONAL EVIDENCE ON STICKY CONSUMPTION GROWTH Jirka Slacalek, European Central Bank Co-Authors: Christopher Carroll, Johns Hopkins University and Martin Sommer, International Monetary Fund
	WELFARE ANALYSIS IN A GENERAL EQUILIBRIUM MODEL WITH PERMANENT INCOME SHOCKS Moritz Kuhn, University Mannheim

15:00 - 16:30

CORPORATE FINANCE: THEORY A (EEA)
Chairperson: Jochen Bigus, University of Bern

Room N13

	THE EFFECTS OF SHAREHOLDER DISAGREEMENT UNDER MAJORITY VOTING Carsten Sprenger, ICEF, Higher School of Economics Moscow
	PERSONAL BANKRUPTCY LAW AND ENTREPRENEURSHIP: A QUANTITATIVE ASSESSMENT Jochen Mankart, LSE Co-Author: Giacomo Rodano, LSE STICERD
	CAREER CONCERNS, LONG-TERM CONTRACTS AND SHORT-TERM INVESTMENTS IN MUTUAL FUNDS Yolanda Portilla, Universidad Carlos III de Madrid

15:00 - 16:30

CURRENT ACCOUNT DYNAMICS A (EEA)
Chairperson: Andrea Ferrero, Federal Reserve Bank of New York

Room N14

	US CURRENT ACCOUNT DEFICIT, EXTENSIVE MARGIN AND FIRMS HETEROGENEITY Francesco Pappada, Paris School of Economics
	CAPITAL LIBERALIZATION AND THE U.S. EXTERNAL IMBALANCE Katrin Rabitsch, Vienna University of Economics & BA, European University Institute Co-Author: Elvira Prades, European University Insitute, BBVA Research Department
	A NEW PERSPECTIVE ON "THE NEW RULE" OF THE CURRENT ACCOUNT Cédric Tille, Graduate Institute of International and Development Studies, Geneva Co-Author: Eric van Wincoop, University of Virginia and NBER

15:00 - 16:30

UNEMPLOYMENT A (EEA)
Chairperson: Pedro Portugal, Banco de Portugal

Room N15

	SCARS OF RECESSION: THE LONG-TERM COSTS OF FINNISH ECONOMIC CRISES Jouko Verho, IFAU
	ENDOGENOUS AGE DISCRIMINATION Christian Manger, University of Konstanz
	SKILL SPECIFIC UNEMPLOYMENT WITH IMPERFECT SUBSTITUTION OF SKILLS Runli Xie, Humboldt-University of Berlin

15:00 - 16:30

WAGE DISPERSION AND INEQUALITY A (EEA)
Chairperson: Chiara Binelli, University College London and Institute for Fiscal Studies

Room N16

	WAGE POLICIES OF A RUSSIAN FIRM AND THE FINANCIAL CRISIS OF 1998: EVIDENCE FROM PERSONNEL DATA – 1997 TO 2002 Thomas Dohmen, ROA/Maastricht University Co-Authors: Hartmut Lehmann, IZA and Mark Schaffer, Heriot-Watt University
	A REASSESSMENT OF WAGE INEQUALITY IN ITALY Paolo Naticchioni, Université Catholique de Louvain Co-Author: Andrea Ricci, University of Perugia, ISFOL
	TRADE AND WAGE INEQUALITIES ACROSS BRAZILIAN REGIONS Fally Thibault, PSE Paris-School of Economics Co-Authors: Rodrigo Paillacar, Université de Paris 1 and Cristina Terra,

15:00 - 16:30

TAXATION AND ENTREPRENEURSHIP A (EEA)
Chairperson: Volker Grossmann, University of Fribourg

Room N17

	TAX COMPETITION FOR HETEROGENEOUS FIRMS WITH ENDOGENOUS ENTRY Ronald Davies, University College, Dublin Co-Author: Carsten Eckel, University of Bamberg
	THE SOCIAL MULTIPLIER OF TAX EVASION: EVIDENCE FROM ITALIAN AUDIT DATA Giulio Zanella, University of SIena Co-Author: Galbiati Roberto, University of Insubria and Econpubblica Bocconi University
	MULTINATIONALS AND TAX AVOIDANCE: ESTIMATING A DIRECT CHANNEL FOR INCOME SHIFTING Sissel Jensen, Norwegian School of Econ and Business Adm Co-Author: Guttorm Schjelderup, Norwegian School of Econ and Bus Adm

15:00 - 16:30

POLITICAL ECONOMY: DICTATORSHIP AND LOBBYING A (EEA)
Chairperson: Konstantin Sonin, New Economic School

Room N18

	REGIONAL PROTECTION IN RUSSIA: POSITIVE ANALYSIS Evgeniya Kolomak, Novosibirsk State University
	PROTECTION FOR SALE TO OLIGOPOLISTS Elena Paltseva, Copenhagen University
	DICTATORS AND OLIGARCHS: A DYNAMIC THEORY OF CONTESTED PROPERTY RIGHTS Sergei Guriev, New Economic School Co-Author: Konstantin Sonin, New Economic School

15:00 - 16:30

MONETARY POLICY TRANSPARENCY A (EEA)
Chairperson: Janine Aron, DEPARTMENT ECONOMICS, OXFORD

Room N19

	TALKING LESS AND MOVING THE MARKET MORE: IS THIS THE RECIPE FOR MONETARY POLICY EFFECTIVENESS? EVIDENCE FROM THE ECB AND THE FED Carlo Rosa, CORE (UCL) and University of Parma
	THE EXPECTED INTEREST RATE PATH: ALIGNMENT OF EXPECTATIONS VS. CREATIVE OPACITY Aileen Lotz, The Graduate Institute Geneva Co-Authors: Pierre Gosselin, université joseph Fourrier, Grenoble and Charles Wyplosz, HEID, Geneva
	ACTUAL VERSUS PERCEIVED TRANSPARENCY: THE CASE OF THE EUROPEAN CENTRAL BANK Carin van der Cruijsen, De Nederlandsche Bank and University of Amsterdam Co-Author: Sylvester Eijffinger, Tilburg University

15:00 - 16:30

LABOR MARKETS AND THE BUSINESS CYCLE A (EEA)
Chairperson: Carlos Robalo Marques, Banco de Portugal

Room N20

	LABOR MARKET RIGIDITIES AND THE BUSINESS CYCLE: PRICE VS. QUANTITY RESTRICTING INSTITUTIONS Sebastian Weber, Graduate Institute Geneva Co-Author: Mirko Abbritti, HEI Graduate Institute of International Studies, Geneva
	LUMPY LABOR ADJUSTMENT AS A PROPAGATION MECHANISM OF BUSINESS CYCLES Yao Fang, Humboldt University of Berlin
	AGGREGATE AND IDIOSYNCRATIC RISK IN A FRICTIONAL LABOR MARKET Leena Rudanko, Boston University

15:00 - 16:30

JOB REALLOCATION A (EEA)
Chairperson: Ronald Bachmann, RWI Essen

Room N21

	SOURCES OF EARNINGS INSTABILITY: ESTIMATES FROM AN ON-THE-JOB SEARCH MODEL OF THE U.S. LABOR MARKET Marco Leonardi, university of Milan Co-Author: luca flabbi, Georgetown University
	LABOR TURNOVER BEFORE PLANT CLOSURE: 'LEAVING THE SINKING SHIP' VS. 'CAPTAIN THROWING BALLAST OVERBOARD' Guido Schwerdt, Ifo Institute for Economic Research
	JOB AND WORKER REALLOCATION IN GERMAN ESTABLISHMENTS - THE ROLE OF EMPLOYERS' WAGE POLICIES AND LABOUR MARKET INSTITUTIONS Nicole Guertzgen, ZEW

15:00 - 16:30

IO COMPETITION A (EEA)
Chairperson: Gaston Llanes, Universidad Carlos III de Madrid and Harvard Business School

Room N22

	MARKET DOMINANCE AND BEHAVIOR-BASED PRICING UNDER HORIZONTAL AND VERTICAL DIFFERENTIATION Rune Stenbacka, Swedish School of Economics Co-Authors: Thomas Gehrig, University of Freiburg and Oz Shy, University of Michigan
	DOWNSTREAM COMPETITION, BUYER POWER AND UPSTREAM COLLUSION Clémence Christin, Laboratoire d''Econométrie Ecole Polytechnique Co-Authors: Marie-Laure Allain, CNRS, Laboratoire d'Econométrie Ecole Polytechnique and Claire Chambolle, INRA, Laboratoire d'Econométrie Ecole Polytechnique
	MULTI-PRODUCT FIRMS AND PRODUCT VARIETY Luis Granero, Universitat de València Co-Author: Ramon Caminal, Insitut d''Anàlisi Econòmica, CSIC

15:00 - 16:30

AGENCY, FAIRNESS AND CONTRACTS A (EEA)
Chairperson: Fridolfsson Sven-Olof, Research Institute of Industrial Economics

Room N23

	CONTRACT ENFORCEMENT, FAIRNESS, AND INVOLUNTARY UNEMPLOYMENT Steffen Altmann, IZA Bonn and University of Bonn Co-Authors: Armin Falk, University of Bonn and IZA Bonn and David Huffman, Swarthmore College and IZA Bonn
	IS OBSERVED OTHER-REGARDING BEHAVIOR ALWAYS GENUINE? Astrid Matthey, Max-Planck-Institute of Economics Co-Author: Tobias Regner, University of Jena
	MEASURING PEOPLE'S TRUST Thomas Siedler, DIW Berlin and University of Essex Co-Authors: John Ermisch, University of Essex (ISER), Diego Gambetta, , Heather Laurie, University of Essex (ISER) and Noah Uhrig, University of Essex (ISER)

15:00 - 16:30

BUSINESS CYCLES: VOLATILITY AND THE GREAT MODERATION A (EEA)
Chairperson: Antonio Moreno, Universidad de Navarra

Room N24

	MONETARY POLICY, OUTPUT COMPOSITION AND THE GREAT MODERATION Benoit Mojon, Banque de France
	"GREAT MODERATION" AT THE FIRM-LEVEL? UNCONDITIONAL VS. CONDITIONAL VOLATILITY Kerstin Stahn, Deutsche Bundesbank Co-Authors: Claudia M. Buch, University of Tübingen and IAW and Joerg Doepke, University of Applied Sciences, Merseburg
	LEARNING AND TIME-VARYING MACROECONOMIC VOLATILITY Fabio Milani, University of California, Irvine

15:00 - 16:30

DETERMINANTS OF GROWTH A (EEA)
Chairperson: Enrique Moral-Benito, CEMFI

Room N25

	DIASPORA EXTERNALITIES AND TECHNOLOGY DIFFUSION Elisabetta Lodigiani, Université Catholique de Louvain
	SCHUMPETERIAN FOUNDATIONS OF REAL BUSINESS CYCLES Galo Nuno-Barrau, Banco Bilbao Vizcaya Argentaria BBVA
	SOURCES AND DETERMINANTS OF OUTPUT GROWTH IN DEVELOPING COUNTRIES Camilla Mastromarco, University of Salento

15:00 - 16:30

ECONOMIC GEOGRAPHY A (EEA)
Chairperson: Nobuya FUKUGAWA, Nagasaki Prefectural University

Room N26

	DO AGGLOMERATION ECONOMIES REDUCE THE SENSITIVITY OF FIRM LOCATION TO TAX DIFFERENTIALS? Kurt Schmidheiny, Universitat Pompeu Fabra Co-Authors: Marius Brülhart, HEC - Université de Lausanne and Mario Jametti, York University - Department of Economics
	THE ROLE OF TECHNOLOGICAL SPILLOVERS IN AN UNEVEN SUBSIDY COMPETITION GAME Hyun-Ju Koh, University of Munich Co-Authors: Rainald Borck, University of Munich and Michael Pflüger, University of Passau and IZA Bonn
	ECONOMIC GEOGRAPHY, SPATIAL DEPENDENCE AND INCOME INEQUALITY IN CHINA Laura Hering, Paris School of Economics, Univerity Paris 1 Co-Author: Sandra Poncet, University of Paris 1

15:00 - 16:30

FEMALE LABOR SUPPLY A (EEA)
Chairperson: Tiago Cavalcanti, Cambridge University

Room N27

	SELF-EMPLOYED MOTHERS: WORK-LIFE BALANCE Jose Ignacio Gimenez Nadal, University of Zaragoza Co-Authors: Molina Jose Alberto, University of Zaragoza and Ortega Raquel, University of Zaragoza
	CHANGES IN MARRIED WOMEN'S LABOR SUPPLY BEHAVIOR IN GERMANY: 1985-2003 Monika Merz, Bonn
	INCENTIVES TO WORK: LABOUR SUPPLY EFFECTS OF A CASH-FOR-CARE SUBSIDY FOR NON-WESTERN FEMALE IMMIGRANTS pål schøne, Institute for social research Co-Author: Ines Hardoy, Institute for social research

15:00 - 16:30

STICKY PRICES A (EEA)
Chairperson: Nils Gottfries, Uppsala University

Room N28

	STICKY-INFORMATION VS. BACKWARD-LOOKING INDEXATION: INFLATION INERTIA IN THE U.S. Julio Carrillo, Maastricht University (ALGEC)
	THE IMPACT OF REFERENCE NORMS ON INFLATION PERSISTENCE WHEN WAGES ARE STAGGERED: THEORETICAL ANALYSIS AND EMPIRICAL RESULTS Markus Knell, Oesterreichische Nationalbank Co-Author: Alfred Stiglbauer, Oesterreichische Nationalbank
	IMPERFECT COMMON KNOWLEDGE AND ALLOCATION OF ATTENTION Leonardo Melosi, University of Pennsylvania

15:00 - 16:30

FDI, OUTSOURCING AND TRADE A (EEA)
Chairperson: Tiziano Razzolini, Department of Economic, University of Turin

Room N29

	OFFSHORING: WHY DO STORIES DIFFER? Wilhelm Kohler, University of Tübingen
	DOES IT OUTSOURCING INCREASE FIRM SUCCESS? AN EMPIRICAL ASSESSMENT USING FIRM-LEVEL DATA Jörg Ohnemus, Centre for European Economic Research (ZEW)
	EXPLORING DETERMINANTS OF THE FIRM BOUNDARY FOR SWEDISH MULTINATIONALS Susanna Thede, Department of Economics, Lund University

15:00 - 16:30

DEBT AND CRISES A (EEA)
Chairperson: Christoph Trebesch, Free University of Berlin / Hertie School of Governance

Room N30

	WHAT HAS 100 BILLION DOLLARS WORTH OF DEBT RELIEF DONE FOR LOW-INCOME COUNTRIES? Nicolas Depetris Chauvin, University of Oxford Co-Author: Aart Kraay, World Bank
	SELF-CONTROL AND DEBT: EVIDENCE FROM DATA ON CREDIT COUNSELLING Alena Bicakova, CERGE-EI, Prague, Czech Republic Co-Author: Nur Ata, University of Oxford
	INDEXED SOVEREIGN DEBT: AN APPLIED FRAMEWORK Filippo Taddei, Collegio Carlo Alberto Co-Authors: Guido Sandleris, Universidad Torcuato Di Tella and Horacio Sapriza, Rutgers Business School

15:00 - 16:30

TRADE POLICY A (EEA)
Chairperson: Alessandro Rebucci, IMF, Research Dept

Room N31

	INTERGENERATIONAL E§ECTS OF TRADE LIBERALIZATION Erhan Artuc, Koc University
	THE DARK SIDE OF THE GENERALIZED SYSTEM OF PREFERENCES Marco Wagner, University of Bayreuth Co-Author: Bernhard Herz, University of Bayreuth
	EXPORT PROMOTION ACTIVITIES IN DEVELOPING COUNTRIES: WHAT KIND OF TRADE DO THEY STIMULATE? Christian Volpe Martincus, Inter-American Development Bank Co-Author: Jerónimo Carballo, Inter-American Development Bank

15:00 - 16:30

EDUCATIONAL PRODUCTION A (EEA)
Chairperson: Ulrich Woitek, University of Zurich

Room N32

	ACADEMIC AND LABOR MARKET SUCCESS: THE IMPACT OF STUDENT EMPLOYMENT, ABILITIES, AND PREFERENCES Juanna Joensen, Stockholm School of Economics
	FUNDAMENTAL DETERMINANTS OF SCHOOL EFFICIENCY AND EQUITY: GERMAN STATES AS A MICROCOSM FOR OECD COUNTRIES Ludger Wössmann, Ifo Insitute of Economic Research
	THE RELATIONSHIP BETWEEN ACADEMIC RESEARCH, TEACHING QUALITY AND GRADUATES' EMPLOYMENT OUTCOMES Mauro Sylos Labini, IMT Lucca Institute for Advanced Studies Co-Author: Natalia Zinovyeva, Fundación de Estudios de Economía Aplicada (FEDEA)

15:00 - 16:30

ENVIRONMENTAL ECONOMICS: TRADE AND CONTRACTS A (EEA)
Chairperson: Andrea Podhorsky, York University

Room N33

	EFFECTS OF UNILATERAL EMISSION PERMITS REDUCTION ON TERMS OF TRADE, CAPITAL ACCUMULATION, AND WELFARE IN A WORLD ECONOMY Karl Farmer, University of Graz Co-Authors: Birgit Friedl, University of Graz and Andreas Rainer, University of Graz, Wegener Center
	INTERNATIONAL EMISSIONS TRADING SCHEME AND EUROPEAN EMISSIONS TRADING SCHEME: WHAT LINKAGES? Natacha Raffin, Paris School of Economics, Université Paris 1 Panthéon Sorbonne Co-Author: Katheline Schubert, Paris School of Economics, Université Paris 1 Panthéon Sorbonne
	ON THE DESIGN OF GLOBAL REFUNDING AND CLIMATE CHANGE Ralph Winkler, ETH Zurich Co-Author: Hans Gersbach, CER-ETH - Center of Economic Research at ETH Zurich

15:00 - 16:30

CONTRIBUTED SESSIONS 5A
ESEM: Theoretical and Applied Economics

15:00 - 16:30

MECHANISMS 2(A) (ESEM TAE)
Chairperson: Robert Evans, St John''s College, Cambridge, UK

Room A

	MECHANISM DESIGN WITH RENEGOTIATION AND COSTLY MESSAGES Robert Evans, St John''s College, Cambridge, UK
	MULTIDIMENSIONAL INCENTIVE-COMPATIBILITY WITHOUT THE SINGLE-CROSSING CONDITION Humberto Moreira, FGV/EPGE Co-Authors: Aloisio Araujo, EPGE/FGV and IMPA and DANIEL GOTTLIEB, MIT
	PRIVATE BELIEFS AND IMPLEMENTATION OF EFFICIENT DECISION RULES Alia Gizatulina, University of Mannheim, CDSE

15:00 - 16:30

INTERNATIONAL FINANCE: DEFAULT (A) (ESEM TAE)
Chairperson: Ana Fostel, George Washington University

Room B

	PERSISTENT GAPS AND DEFAULT TRAPS Ana Fostel, George Washington University Co-Authors: Luis Catao, IADB/ IMF and Sandeep Kapur, Birkbeck College, University of London
	FINANCIAL SECTOR OPENNESS: FOREIGN LOANS VS. FDI Beatriz de Blas, Universidad Autónoma de Madrid Co-Author: Beatriz de Blas, Universidad Autónoma de Madrid
	SOVEREIGN DEFAULT, PRIVATE SECTOR CREDITORS, AND THE IFIS Emine Boz, International Monetary Fund

15:00 - 16:30

VOTING 2 (ESEM TAE)
Chairperson: Michael Mandler, Royal Holloway University of London

Room C

	THE FRAGILITY OF INFORMATION AGGREGATION IN LARGE ELECTIONS Michael Mandler, Royal Holloway University of London
	THE OPTION TO WAIT IN COLLECTIVE DECISIONS Matthias Messner, Bocconi University Co-Author: Mattias Polborn, University of Illinois at Urbana-Champaign
	DO VOTERS VOTE SINCERELY Arianna Degan, UQAM Co-Author: Antonio Merlo, University of Pennsylvania

15:00 - 16:30

NETWORKS (A) (ESEM TAE)
Chairperson: Alexei Alexandrov, University of Rochester

Room D

	INTERCONNECTING DIFFERENTIATED NETWORKS Alexei Alexandrov, University of Rochester
	THE CONTROL OF PORTING IN TWO-SIDED MARKETS Rufus Pollock, Emmanuel College, Cambridge University
	COMPATIBILITY CHOICE IN VERTICALLY DIFFERENTIATED TECHNOLOGIES Cecilia Vergari, Department of Economics, University of Bologna Co-Author: Filomena Garcia, ISEG / Technical University of Lisbon

15:00 - 16:30

DECISIONS AND RISK(A) (ESEM TAE)
Chairperson: Larry Epstein, Boston University

Room E

	SUBJECTIVE STATES:A MORE ROBUST MODEL Larry Epstein, Boston University Co-Author: Kyoungwon Seo, University of Rochester
	THE VALUE OF USELESS INFORMATION Alaoui Larbi, University of Pennsylvania
	RISKINESS, RISK AVERSION, AND RISK SHARING Sarolta Laczó, Toulouse School of Economics (Gremaq)

15:00 - 16:30

EVOLUTION AND GAMES(A) (ESEM TAE)
Chairperson: Martin Bøg, Erasmus University Rotterdam

Room 11

	DO PREFERENCES FOR DIVERSITY LEAD TO DIVERSITY? Martin Bøg, Erasmus University Rotterdam
	EVOLUTION OF PREFERENCES UNDER PERFECT OBSERVABILITY: ALMOST ANYTHING IS STABLE Florian Herold, Northwestern University, Kellogg Co-Author: Christoph Kuzmics, Northwestern University, Kellogg
	THE LOGIT-RESPONSE DYNAMICS Carlos Alos-Ferrer, University of Konstanz Co-Author: Nick Netzer, University of Konstanz

15:00 - 16:30

EXPERIMENTS (A) (ESEM TAE)
Chairperson: Jaroslaw Grygolec, University of Minnesota

Room 12

	A NEUROECONOMIC STUDY OF SOCIAL OBSERVABILITY AND PERSONAL RESPONSIBILITY IN DECISION MAKING: AN FMRI EXPERIMENT Jaroslaw Grygolec, University of Minnesota Co-Authors: Giorgio Coricelli, Institut des Sciences Cognitives and Aldo Rustichini, University of Minnesota
	A SHOCK THERAPY AGAINST THE "ENDOWMENT EFFECT" Dirk Engelmann, Royal Holloway, University of London Co-Author: Guillaume Hollard, PSE, CNRS
	CONSTRAINED SCHOOL CHOICE: AN EXPERIMENTAL STUDY Guillaume Haeringer, UAB Co-Authors: Caterina Calsamiglia, Universitat Autònoma de Barcelona and Flip Klijn, Instituto de Analisis Económico

15:00 - 16:30

MONETARY POLICY 3(A) (ESEM TAE)
Chairperson: Espen Henriksen, University of Oslo

Room 13

	THE HIGH CORRELATIONS OF PRICES AND INTEREST RATES ACROSS NATIONS Espen Henriksen, University of Oslo Co-Authors: Finn Kydland, UC Santa Barbara and Roman Sustek, Bank of England
	PRICE-LEVEL VERSUS INFLATION TARGETING WITH FINANCIAL MARKET IMPERFECTIONS Yahong Zhang, Bank of Canada Co-Author: Francisco Covas, Federal Reserve Board
	INTRODUCING FINANCIAL FRICTIONS AND UNEMPLOYMENT INTO A SMALL OPEN ECONOMY MODEL Mathias Trabandt, Sveriges Riksbank Co-Authors: Lawrence Christiano, Northwestern University and Karl Walentin, Sveriges Riksbank

15:00 - 16:30

CONTRIBUTED SESSIONS 5A
ESEM: Econometrics and Empirical Economics

15:00 - 16:30

PORTFOLIO CHOICE A (ESEM EEE)
Chairperson: Taras Bodnar, European University Viadrina

Room 15

	REALIZED PORTFOLIO SELECTION IN THE EURO AREA Claudio Morana, Universita'' del Pimonte Orientale
	SEQUENTIAL MONITORING OF PORTFOLIO BETAS Vasyl Golosnoy, University of Kiel
	MULTIVARIATE LOCATION-SCALE MIXTURES OF NORMALS AND MEAN-VARIANCE-SKEWNESS PORTFOLIO ALLOCATION Javier Mencia, Bank of Spain Co-Author: Enrique Sentana, CEMFI

15:00 - 16:30

INFLATION A (ESEM EEE)
Chairperson: Laura Mayoral, CSIC

Room 21

	COMBINING INFLATION DENSITY FORECASTS: SOME CROSS-COUNTRY EVIDENCE Christian Kascha, Norges Bank Co-Author: Francesco Ravazzolo, Norges Bank
	LEARNING TREND INFLATION - CAN SIGNAL EXTRACTION EXPLAIN SURVEY FORECASTS? Steffen Henzel, ifo Institute
	INFLATION DYNAMICS AND EXPECTATION ERRORS IN THE US: AN UNOBSERVED COMPONENT MODEL WITH MARKOV-SWITCHING REGIMES Nicolas Million, Banque de France

15:00 - 16:30

FACTOR MODELS I A (ESEM EEE)
Chairperson: Peter Boswijk, University of Amsterdam

Room 22

	NONLINEAR ERROR-IN-FACTOR MODEL Patrick Gagliardini, University of Lugano Co-Authors: Christian Gourieroux, CREST, CEPREMAP and University of Toronto and Alain Monfort, CNAM and CREST
	GENERALIZED FACTOR MODELS: A BAYESIAN APPROACH WITH COMPARATIVE ANALYSIS Necati Tekatli, Instituto de Analisis Economico
	ESTIMATING EQUATIONS FOR A CLASS OF TIME-IRREVERSIBLE MULTI-FACTOR MODELS Nina Boyarchenko, University of Chicago GSB Co-Author: Sergey Levendorskiy, University of Texas, Austin

15:00 - 16:30

ADVANCES IN THEORY A (ESEM EEE)
Chairperson: Simon Lee, UCL

Room 23

	CONFIDENCE SETS BASED ON SPARSE ESTIMATORS ARE NECESSARILY LARGE Benedikt Poetscher, Department of Statistics, University of Vienna
	EFFICIENT MINIMUM DISTANCE ESTIMATION WITH MULTIPLE RATES OF CONVERGENCE Bertille Antoine, Simon Fraser University Co-Author: Eric Renault, UNC at Chapel Hill, CIRANO and CIREQ
	LIMIT THEORY FOR COINTEGRATED SYSTEMS WITH MODERATELY INTEGRATED AND MODERATELY EXPLOSIVE REGRESSORS Anastasios Magdalinos, University of Nottingham Co-Author: Peter C.B. Phillips, Yale University

15:00 - 16:30

LONG MEMORY II A (ESEM EEE)
Chairperson: Eduardo Rossi, University of Pavia

Room 24

	NONPARAMETRIC BETA KERNEL ESTIMATOR FOR LONG MEMORY TIME SERIES Sébastien Van Bellegem, Universite catholique de Louvain Co-Author: Taoufik Bouezmarni, HEC Montréal
	ESTIMATION OF LONG-RUN PARAMETERS IN UNBALANCED COINTEGRATION Javier Hualde, Universidad de Navarra
	SEMI PARAMETRIC ESTIMATION OF LONG MEMORY: THE HOLY GRAIL OR A POISONED CHALICE? Richard Baillie, Michigan State University Co-Author: George Kapetanios, Queen Mary College, University of London

15:00 - 16:30

QUANTILE REGRESSION A (ESEM EEE)
Chairperson: Keith Knight, University of Toronto

Room 25

	EVALUATING VALUE-AT-RISK MODELS VIA QUANTILE REGRESSIONS Wagner Piazza Gaglianone, Central Bank of Brazil Co-Authors: Luiz Renato Lima, University of Illinois and Oliver Linton, LSE
	NONLINEAR QUANTILE REGRESSION MODELS FOR CENSORED AND DEPENDENT DATA Harry Haupt, University of Bielefeld
	QUANTILE RESIDUALS FOR MULTIVARIATE MODELS Leena Kalliovirta, University of Helsinki

15:00 - 16:30

PANEL DATA: (NON) STATIONARITY A (ESEM EEE)
Chairperson: Eiji Kurozumi, Hitotsubashi University

Room 31

	TESTING FOR STATIONARITY WITH A BREAK IN HETEROGENEOUS PANELS WHERE THE TIME DIMENSION IS FINITE Kaddour Hadri, Durham university Co-Authors: Rolf Larsson, Uppsala University and Yao Rao, Liverpool University
	HOMOGENOUS PANEL UNIT ROOT TESTS UNDER NONSTATIONARY VOLATILITY Florian Siedenburg, University of Kiel Co-Author: Helmut Herwartz, Institute of Statistics and Econometrics Kiel
	PANEL UNIT ROOT TESTS IN THE PRESENCE OF A MULTIFACTOR ERROR STRUCTURE Yamagata Takashi, University of York Co-Authors: M. Hashem Pesaran, Cambridge University, CIMF and USC and L.V. Smith,

15:00 - 16:30

INNOVATION AND PATENTS A (ESEM EEE)
Chairperson: John Fernald, Federal Reserve Bank of San Francisco

Room 32

	INNOVATE OR IMITATE? STRATEGIC INNOVATION DECISION IN THE PHARMACEUTICAL INDUSTRY Paris Cleanthous, University of Cyprus Co-Authors: Wonjoon Kim, KAIST and Dick R. Wittink, Yale University
	PATENT VALIDATION AT THE COUNTRY LEVEL - THE ROLE OF FEES AND TRANSLATION COSTS Karin Hoisl, University of Munich
	ESTIMATING KNOWLEDGE PRODUCTION FUNCTIONS USING PANEL DATA VECTOR AUTOREGRESSIONS Wladimir Raymond, Universiteit Maastricht Co-Authors: Sybrand Loeff, Universiteit Maastricht, Pierre Mohnen, Universiteit Maastricht and Franz Palm, Maastricht University

15:00 - 16:30

ECONOMICS OF THE FAMILY A (ESEM EEE)
Chairperson: Emanuela Cardia,

Room 33

	THE ONE CHILD POLICY AND FAMILY FORMATION IN URBAN CHINA Gordon Anderson, Economics Department University of toronto
	MONEY CAN’T BUY LOVE: GENDER-SPECIFIC LABOR MARKET CONDITIONS AND FAMILY FORMATION Ayako Kondo, Columbia University
	NONPARAMETRIC TESTS OF COLLECTIVELY RATIONAL CONSUMPTION BEHAVIOR: AN INTEGER PROGRAMMING PROCEDURE Jeroen Sabbe, K.U. Leuven Co-Authors: Laurens Cherchye, University of Leuven, Bram De Rock, Université Libre de Bruxelles and Frederic Vermeulen, Tilburg University

15:00 - 16:30

HEALTH A (ESEM EEE)
Chairperson: Thanasis Stengos, University of Guelph

Room 34

	SUBJECTIVE EXPECTATIONS ABOUT MORTALITY IN THE CONTEXT OF HIV/AIDS IN MALAWI Delavande Adeline, Universidade Nova de Lisboa and RAND Co-Author: Hans-Peter Kohler, University of Pennsylvania
	THE KNOWLEDGEABLE PATIENT. INVESTIGATING THE ROLE OF LAY KNOWLEDGE IN THE PRODUCTION OF HEALTH. Martin Karlsson, Oxford
	IMPACT OF AN AFFIRMATIVE ACTION PROGRAM IN EMPLOYMENT ON CHILD MORTALITY IN INDIA Sumedha Gupta, VU University Amsterdam, Tinbergen Institute Amsterdam Co-Authors: Annette Bergemann, Vrije Universiteit Amsterdam and Gerard van den Berg, Free University, Amsterdam

16:30 - 16:45

BREAK

16:45 - 17:45

CONTRIBUTED SESSIONS 5B
EEA

16:45 - 17:45

INSTITUTIONS AND GROWTH B (EEA)
Chairperson: Oswaldo Molina Campodonico, University of Oxford

Room N11

	POLITICAL INSTITUTIONS AS A SUBSTITUTE FOR DEMOCRACY: A POLITICAL ECONOMY ANALYSIS OF ECONOMIC GROWTH Vladimir Teles, Getulio Vargas Foundation Co-Author: Carlos Pereira, Michigan State University
	IMPACT OF PROPERTY RIGHTS ON POOR HOUSEHOLDS’ INVESTMENT DECISIONS: A TREATMENT EVALUATION OF A TITLING PROGRAMME IN PERU Oswaldo Molina Campodonico, University of Oxford Co-Author: Mans Söderbom, Department of Economics Göteborg University

16:45 - 17:45

PERSONNEL ECONOMICS B (EEA)
Chairperson: Josse Delfgaauw, Department of Economics, Erasmus University Rotterdam

Room N10

	OUTSIDE INCOME AND MORAL HAZARD: THE ELUSIVE QUEST FOR GOOD POLITICIANS Stefano Gagliarducci, CEMFI Co-Authors: Tommaso Nannicini, Universidad Carlos III de Madrid and Paolo Naticchioni, University of Rome La Sapienza
	MANAGERIAL TALENT, MOTIVATION, AND SELF-SELECTION INTO PUBLIC MANAGEMENT Josse Delfgaauw, Department of Economics, Erasmus University Rotterdam Co-Author: Robert Dur, Department of Economics, Erasmus University Rotterdam

16:45 - 17:45

CONSUMER BEHAVIOR: INTERTEMPORAL CONSUMPTION B (EEA)
Chairperson: Hervé Roche, Califonia Polytechnic State Uinversity

Room N12

	INTERTEMPORAL SUBSTITUTION AND HYPERBOLIC DISCOUNTING Petra Geraats, University of Cambridge
	OPTIMAL CONSUMPTION AND INVESTMENT STRATEGIES UNDER WEALTH RATCHETING Hervé Roche, Califonia Polytechnic State Uinversity

16:45 - 17:45

CORPORATE FINANCE: THEORY B (EEA)
Chairperson: Jochen Bigus, University of Bern

Room N13

	INFORMATION ACQUISITION, ADVERSE SELECTION AND INVESTMENT Matthieu Bouvard, Université Toulouse I, IAE, CRG
	RELATIONSHIP LENDING AND IMPLICIT CONTRACTING Jochen Bigus, University of Bern Co-Author: Hendrik Hakenes, University of Hannover

16:45 - 17:45

CURRENT ACCOUNT DYNAMICS B (EEA)
Chairperson: Andrea Ferrero, Federal Reserve Bank of New York

Room N14

	EQUILIBRIUM EXCHANGE RATES: A GUIDEBOOK FOR THE EURO-DOLLAR RATE Sophie Béreau, EconomiX - CNRS, University of Paris 10 Co-Authors: Agnès Bénassy-Quéré, CEPII and Valerie Mignon, University of Paris 10
	CURRENT ACCOUNT DYNAMICS AND MONETARY POLICY Andrea Ferrero, Federal Reserve Bank of New York Co-Authors: Mark Gertler, New York University and Lars E.O. Svensson, Sveriges Riksbank

16:45 - 17:45

UNEMPLOYMENT B (EEA)
Chairperson: Pedro Portugal, Banco de Portugal

Room N15

	GLOBALISATION AND THE INEQUALITY-UNEMPLOYMENT TRADE-OFF Nathalie Chusseau, EQUIPPE, University of Lille and IFRESI-CNRS Co-Author: Joël HELLIER, EQUIPPE, Univ. of Lille and LEN, Univ. of Nantes
	SIX WAYS TO LEAVE UNEMPLOYMENT Pedro Portugal, Banco de Portugal Co-Author: John Addison, University of South Carolina

16:45 - 17:45

WAGE DISPERSION AND INEQUALITY B (EEA)
Chairperson: Chiara Binelli, University College London and Institute for Fiscal Studies

Room N16

	ASSESSING INTERGENERATIONAL EARNINGS PERSISTENCE AMONG GERMAN WORKERS Philipp Eisenhauer, Graduate School of Economics and Social Sciences, Mannheim Co-Author: Friedhelm Pfeiffer, Centre for European Economic Research (ZEW)
	WAGE INEQUALITY AND EDUCATION CHOICES IN LATIN AMERICA: A GENERAL EQUILIBRIUM APPROACH Chiara Binelli, University College London and Institute for Fiscal Studies

16:45 - 17:45

TAXATION AND ENTREPRENEURSHIP B (EEA)
Chairperson: Volker Grossmann, University of Fribourg

Room N17

	WOULD A FLAT TAX STIMULATE ENTREPRENEURSHIP IN GERMANY? A MICROSIMULATION ANALYSIS ALLOWING FOR RISK Frank Fossen, DIW Berlin
	SHOULD CONTINUED FAMILY FIRMS FACE LOWER TAXES THAN OTHER ESTATES? Volker Grossmann, University of Fribourg Co-Author: Holger Strulik, University of Hannover

16:45 - 17:45

POLITICAL ECONOMY: DICTATORSHIP AND LOBBYING B (EEA)
Chairperson: Konstantin Sonin, New Economic School

Room N18

	WHO NEEDS STRONG LEADERS? Alberto Chong, Inter-American Development Bank Co-Author: Mark Gradstein, Ben Gurion
	A THEORY OF BAD GOVERNMENT Konstantin Sonin, New Economic School Co-Authors: Daron Acemoglu, MIT and Georgy Egorov, Harvard University

16:45 - 17:45

LABOR MARKETS AND THE BUSINESS CYCLE B (EEA)
Chairperson: Carlos Robalo Marques, Banco de Portugal

Room N20

	ASYMMETRIC LABOR MARKET INSTITUTIONS IN THE EMU: POSITIVE AND NORMATIVE IMPLICATIONS Andreas Mueller, Stockholm University Co-Author: Mirko Abbritti, HEI Graduate Institute of International Studies, Geneva
	WAGE AND PRICE DYNAMICS IN PORTUGAL Carlos Robalo Marques, Banco de Portugal

16:45 - 17:45

JOB REALLOCATION B (EEA)
Chairperson: Ronald Bachmann, RWI Essen

Room N21

	IS THE FRENCH LABOR MARKET SEGMENTED? SOME EVIDENCE MODELING LABOR MARKET TRANSITIONS Roland Rathelot, DARES-CREST Co-Authors: Magali Beffy, CREST-IZA-INSEE-DEPP and Elise Coudin, Insee-CREST
	THE IMPACT OF INTERNATIONAL OUTSOURCING ON LABOUR MARKET DYNAMICS IN GERMANY Ronald Bachmann, RWI Essen Co-Author: Sebastian Braun, Humboldt University of Berlin

16:45 - 17:45

IO COMPETITION B (EEA)
Chairperson: Gaston Llanes, Universidad Carlos III de Madrid and Harvard Business School

Room N22

	ACCIDENTS, LIABILITY OBLIGATIONS AND MONOPOLIZED MARKETS FOR SPARE PARTS: PROFITS AND SOCIAL WELFARE Pio Baake, DIW Berlin
	INDUSTRY EQUILIBRIUM WITH OPEN SOURCE AND PROPRIETARY FIRMS Gaston Llanes, Universidad Carlos III de Madrid and Harvard Business School

16:45 - 17:45

AGENCY, FAIRNESS AND CONTRACTS B (EEA)
Chairperson: Fridolfsson Sven-Olof, Research Institute of Industrial Economics

Room N23

	PRIVATIZATION OF CREDENCE GOODS: THEORY AND AN APPLICATION TO RESIDENTIAL YOUTH CARE Erik Lindqvist, Research Institute of Industrial Economics
	RISKA AVERSION, PROSPECT THEORY AND STRATEGIC RISK IN LAW ENFORCEMENT: EVIDENCE FROM AN ANTITRUST EXPERIENCE Fridolfsson Sven-Olof, Research Institute of Industrial Economics Co-Authors: Maria Bigoni, IMT Institute for Advanced Studies Lucca, Chloè LeCoq, SITE - Stockholm School of Economics and Giancarlo Spagnolo, Tor Vergata University

16:45 - 17:45

BUSINESS CYCLES: VOLATILITY AND THE GREAT MODERATION B (EEA)
Chairperson: Antonio Moreno, Universidad de Navarra

Room N24

	CREDIT FRICTIONS AND HOUSEHOLD DEBT IN THE US BUISNESS CYCLE: A BAYESIAN APPROACH Alessandro Notarpietro, Universitá Bocconi
	MONEY DEMAND ACCOMMODATION IN THE U.S. :1970-2000 Antonio Moreno, Universidad de Navarra Co-Authors: Javier Gomez Biscarri, IESE and Fernando Perez De Gracia, Universidad de Navarra

16:45 - 17:45

DETERMINANTS OF GROWTH B (EEA)
Chairperson: Enrique Moral-Benito, CEMFI

Room N25

	INFLATION AND GROWTH: NEW EVIDENCE FROM A PANEL THRESHOLD ANALYSIS Stephanie Kremer, University Frankfurt Co-Authors: Alexander Bick, Goethe University Frankfurt and Dieter Nautz, Goethe University Frankfurt
	DETERMINANTS OF ECONOMIC GROWTH: A BAYESIAN PANEL DATA APPROACH Enrique Moral-Benito, CEMFI

16:45 - 17:45

ECONOMIC GEOGRAPHY B (EEA)
Chairperson: Nobuya FUKUGAWA, Nagasaki Prefectural University

Room N26

	ECONOMIC GEOGRAPHY AND ECONOMIC DEVELOPMENT IN SUB-SAHARAN AFRICA: ON THE RELEVANCE OF TRADE AND MARKET ACCESS Harry Garretsen, Utrecht University Co-Author: Maarten Bosker, Utrecht University
	DOES REGIONAL KNOWLEDGE FLOW MATTER FOR REGIONAL INNOVATIONS?: EVIDENCE FROM THE JAPANESE REGIONAL INNOVATION PANEL Nobuya FUKUGAWA, Nagasaki Prefectural University

16:45 - 17:45

FEMALE LABOR SUPPLY B (EEA)
Chairperson: Tiago Cavalcanti, Cambridge University

Room N27

	OLDER BABIES - MORE ACTIVE MOTHERS? HOW MATERNAL LABOR SUPPLY CHANGES AS THE CHILD GROWS Katrin Sommerfeld, Freiburg University
	THE OUTPUT COST OF GENDER DISCRIMINATION: A MODEL-BASED MACROECONOMIC ESTIMATE Tiago Cavalcanti, Cambridge University Co-Author: José Tavares, Universidade Nova de Lisboa

16:45 - 17:45

STICKY PRICES B (EEA)
Chairperson: Nils Gottfries, Uppsala University

Room N28

	MENU COSTS AND INFLATION ASYMMETRIES: SOME MICRO DATA EVIDENCE Adam Reiff, Magyar Nemzeti Bank Co-Author: Peter Karadi, New York University
	DO STICKY PRICES MAKE SENSE? Nils Gottfries, Uppsala University Co-Author: Johan Söderberg, Department of Economics, Uppsala university

16:45 - 17:45

MONETARY POLICY TRANSPARENCY B (EEA)
Chairperson: Janine Aron, DEPARTMENT ECONOMICS, OXFORD

Room N19

	MEASURING CENTRAL BANK COMMUNICATION: AN AUTOMATED APPROACH WITH APPLICATION TO FOMC STATEMENTS David Lucca, Federal Reserve Board Co-Author: Francesco Trebbi, University of Chicago
	TRANSPARENCY, CREDIBILITY AND PREDICTABILITY OF MONETARY POLICY UNDER INFLATION TARGETING IN SOUTH AFRICA Janine Aron, DEPARTMENT ECONOMICS, OXFORD Co-Author: John Muellbauer, Nuffield College, Oxford University

16:45 - 17:45

FDI, OUTSOURCING AND TRADE B (EEA)
Chairperson: Tiziano Razzolini, Department of Economic, University of Turin

Room N29

	INTERNATIONAL OUTSOURCING, FIRM PERFORMANCE AND EMPLOYMENT - EVIDENCE FROM GERMAN ESTABLISHMENT DATA Dieter Urban, University of Mainz Co-Authors: Christoph Moser, University of Mainz, Chair of International Economics and Beatrice Weder, University of Mainz, Chair of International Macroeconomics
	EXPORT PREMIA AND SUB-CONTRACTING DISCOUNT: PASSIVE STRATEGIES AND PERFORMANCE IN DOMESTIC AND FOREIGN MARKETS Tiziano Razzolini, Department of Economic, University of Turin Co-Author: Davide Vannoni, University of Turin, Department of Economics

16:45 - 17:45

DEBT AND CRISES B (EEA)
Chairperson: Christoph Trebesch, Free University of Berlin / Hertie School of Governance

Room N30

	SOVEREIGN DEFAULTERS: DO INTERNATIONAL CAPITAL MARKETS PUNISH THEM? Diego Saravia, Catholic University of Chile
	DEBT DISPUTES. TESTING THE ROLE OF POLITICS AND INSTITUTIONS IN FINANCIAL CRISIS RESOLUTION. Christoph Trebesch, Free University of Berlin / Hertie School of Governance Co-Authors: Henrik Enderlein, Hertie School of Governance and Laura Müller, Hertie School of Governance

16:45 - 17:45

TRADE POLICY B (EEA)
Chairperson: Alessandro Rebucci, IMF, Research Dept

Room N31

	LERNER SYMMETRY AND MULTILATERAL RESISTANCE Miriam Manchin, SSEES, University College London Co-Author: Joseph Francois, Johannes Kepler University (Linz), CEPR
	PRODUCTIVITY AND GLOBAL IMBALANCES: THE ROLE OF NON-TRADABLE TFP IN ADVANCED ECONOMIES E0, F3, F4, G1 Alessandro Rebucci, IMF, Research Dept Co-Authors: Pietro Cova, Bank of Italy, Batini Nicoletta, IMF and Massimiliano Pisani, Bank of Italy

16:45 - 17:45

EDUCATIONAL PRODUCTION B (EEA)
Chairperson: Ulrich Woitek, University of Zurich

Room N32

	SHOULD YOU COMPETE OR COOPERATE WITH YOUR SCHOOLMATES ? Antonio Filippin, University of Milan Co-Authors: Massimiliano Bratti, University of Milan and Daniele Checchi, University of Milan
	QUALIFYING RELIGION: THE ROLE OF PLURAL IDENTITIES FOR EDUCATIONAL PRODUCTION Ulrich Woitek, University of Zurich Co-Authors: Timo Boppart, University of Zurich, Josef Falkinger, University of Zurich, Volker Grossmann, University of Fribourg and Gabriela Wüthrich, University of Zurich

16:45 - 17:45

ENVIRONMENTAL ECONOMICS: TRADE AND CONTRACTS B (EEA)
Chairperson: Andrea Podhorsky, York University

Room N33

	IN SEARCH OF ENVIRONMENTAL SPILLOVERS Robert Elliott, University of Birmingham Co-Authors: Facundo Albornoz, University of Birmingham, Matthew Cole, University of Birmingham and Marco Ercolani, University of Birmingham
	ENVIRONMENTAL LABELING AND INTERNATIONAL TRADE Andrea Podhorsky, York University

16:45 - 17:45

CONTRIBUTED SESSIONS 5B
ESEM: Theoretical and Applied Economics

16:45 - 17:45

MECHANISMS 2(B) (ESEM TAE)
Chairperson: Moritz Meyer-ter-Vehn, UCLA

Room A

	DYNAMIC MECHANISM DESIGN WITH COSTLY PARTICIPATION Moritz Meyer-ter-Vehn, UCLA Co-Authors: Katalin Bognar, and Tilman Borgers, University of Michigan
	NEWS FROM THE INFORMED PRINCIPAL IN PRIVATE-VALUE ENVIRONMENTS Timofiy Mylovanov, University of Bonn Co-Author: Thomas Troeger, University of Bonn

16:45 - 17:45

INTERNATIONAL FINANCE: DEFAULT (B) (ESEM TAE)
Chairperson: Volker Böhm, Bielefeld University

Room B

	SOVEREIGN RISK AND SYMMETRY BREAKING THROUGH BOND MARKET INTEGRATION Volker Böhm, Bielefeld University Co-Author: George Vachadze, Bielefeld University
	PRECAUTIONARY DEMAND FOR FOREIGN ASSETS IN SUDDEN STOP ECONOMIES: AN ASSESSMENT OF THE NEW MERCANTILISM Bora Durdu, Federal Reserve Board

16:45 - 17:45

NETWORKS (B) (ESEM TAE)
Chairperson: Remco van Eijkel, University of Groningen

Room D

	TRANSPORTATION PRICING AND MARKET POWER IN THE NATURAL GAS INDUSTRY Remco van Eijkel, University of Groningen Co-Authors: Marco A. Haan, University of Groningen and José Luis Moraga-González, University of Groningen
	GENERATION CAPACITY INVESTMENT IN OLIGOPOLISTIC ELECTRICITY MARKETS UNDER UNCERTAINTY Burger Anton, Vienna University of Economics and Business Administration Co-Author: Ferstl Robert, University of Regensburg

16:45 - 17:45

DECISIONS AND RISK(B) (ESEM TAE)
Chairperson: Wulf Gaertner, University of Osnabrueck

Room E

	INDIVIDUAL CHOICES IN A NON-CONSEQUENTIALIST FRAMEWORK: A PROCEDURAL APPROACH Wulf Gaertner, University of Osnabrueck Co-Author: Yongsheng Xu, Dept. of Economics
	REVEALED PREFERENCE WHEN AGENTS CAN RANDOMIZE Joerg Stoye, New York University

16:45 - 17:45

EVOLUTION AND GAMES(B) (ESEM TAE)
Chairperson: Lars Koch, Bonn Graduate School of Economics

Room 11

	PERSISTENT IDEOLOGIES IN AN EVOLUTIONARY SETTING Lars Koch, Bonn Graduate School of Economics
	ON THE DYNAMICS IN A MARKET FOR LONG-TERM RELATIONSHIPS Heiner Schumacher, University of Mannheim Co-Author: Alexander Gaigl, University of Mannheim

16:45 - 17:45

EXPERIMENTS (B) (ESEM TAE)
Chairperson: Jose Apesteguia, Universitat Pompeu Fabra

Room 12

	PERFORMANCE PRESSURE IN THE WORKPLACE: EVIDENCE FROM A RANDOMIZED EXPERIMENT Jose Apesteguia, Universitat Pompeu Fabra Co-Author: Ignacio Palacios-Huerta, LSE
	INEFFICIENT BUT EFFECTIVE? A FIELD EXPERIMENT ON THE EFFECTIVENESS OF DIRECT AND INDIRECT TRANSFER MECHANISMS Hannes Koppel, Justus-Liebig-University Giessen

16:45 - 17:45

ECONOMIC THEORY (ESEM TAE)
Chairperson:

Room C

16:45 - 17:45

MONETARY POLICY 3(B) (ESEM TAE)
Chairperson: Andreas Westermark, Department of Economics, Uppsala University

Room 13

	MONETARY POLICY AND STAGGERED WAGE BARGAINING WHEN PRICES ARE STICKY IN A DSGE MODEL WITH UNEMPLOYMENT Andreas Westermark, Department of Economics, Uppsala University Co-Author: Mikael Carlsson, Sveriges Riksbank
	ESTIMATING THE DEGREE OF FISCAL DOMINANCE IN A DSGE MODEL WITH STICKY PRICES AND NON-ZERO TREND INFLATION Carlos de Resende , Bank of Canada Co-Author: Nooman Rebei, African Development Bank

16:45 - 17:45

CONTRIBUTED SESSIONS 5B
ESEM: Econometrics and Empirical Economics

16:45 - 17:45

PORTFOLIO CHOICE B (ESEM EEE)
Chairperson: Taras Bodnar, European University Viadrina

Room 15

	A COMPARISON OF MEAN-VARIANCE EFFICIENCY TESTS Dante Amengual, Princeton University Co-Author: Enrique Sentana, CEMFI
	ECONOMETRICAL ANALYSIS OF THE SAMPLE EFFICIENT FRONTIER Taras Bodnar, European University Viadrina Co-Author: Wolfgang Schmid, European University Viadrina

16:45 - 17:45

INFLATION B (ESEM EEE)
Chairperson: Laura Mayoral, CSIC

Room 21

	COSTS OF INFLATION: DYNAMIC EFFECTS ON PRICE DISPERSION Sven Schreiber, Goethe University Frankfurt Co-Author: Juliane Scharff, Halle Institute for Economic Research (IWH)
	THE LAW OF CONSERVATION OF PERSISTENCE Laura Mayoral, CSIC

16:45 - 17:45

FACTOR MODELS I B (ESEM EEE)
Chairperson: Peter Boswijk, University of Amsterdam

Room 22

	FORECAST COMBINATION THROUGH DIMENSION REDUCTION TECHNIQUES Pilar Poncela, Universidad Autónoma de Madrid Co-Authors: Julio Rodríguez Puerta, Universidad Autónoma de Madrid, Rocio Sanchez-Mangas, Universidad Autónoma de Madrid and Eva Senra, Universidad de Alcalá
	TESTING THE NUMBER OF FACTORS IN GO-GARCH MODELS Peter Boswijk, University of Amsterdam Co-Author: Roy van der Weide, DECRG, World Bank

16:45 - 17:45

ADVANCES IN THEORY B (ESEM EEE)
Chairperson: Simon Lee, UCL

Room 23

	CONSTRAINED OPTIMIZATION APPROACHES TO ESTIMATION OF STRUCTURAL MODELS Che-Lin Su, Kellogg School of Management Co-Author: Kenneth Judd, Hoover Institution
	INFERENCE ON INTERSECTION BOUNDS Simon Lee, UCL Co-Authors: Victor Chernozhukov, MIT and Adam Rosen, University College London

16:45 - 17:45

LONG MEMORY II B (ESEM EEE)
Chairperson: Eduardo Rossi, University of Pavia

Room 24

	BOOTSTRAP BASED BANDWIDTH CHOICE FOR LOG-PERIODOGRAM REGRESSION Josu Arteche, University of the Basque Country Co-Author: Jesus Orbe, University of the Basque Country
	LONG MEMORY AND PERIODICITY IN INTRADAY VOLATILITIES OF STOCK INDEX FUTURES Eduardo Rossi, University of Pavia Co-Author: Dean Fantazzini, University of Moscow

16:45 - 17:45

QUANTILE REGRESSION B (ESEM EEE)
Chairperson: Keith Knight, University of Toronto

Room 25

	FINITE AND LARGE SAMPLE DISTRIBUTION-FREE INFERENCE IN MEDIAN REGRESSIONS WITH INSTRUMENTAL VARIABLES Elise Coudin, Insee-CREST Co-Author: JEAN-MARIE DUFOUR, McGill University
	A DIAGNOSTIC FOR DENSITY HOMOGENEITY IN QUANTILE REGRESSION Keith Knight, University of Toronto

16:45 - 17:45

PANEL DATA: (NON) STATIONARITY B (ESEM EEE)
Chairperson: Eiji Kurozumi, Hitotsubashi University

Room 31

	PANEL COINTEGRATION TESTING IN THE PRESENCE OF A TIME TREND Deniz Dilan Karaman Örsal, Humboldt-Universitaet zu Berlin Co-Author: Bernd Droge, Humboldt-Universitaet zu Berlin
	A SIMPLE PANEL STATIONARITY TEST IN THE PRESENCE OF CROSS-SECTIONAL DEPENDENCE Eiji Kurozumi, Hitotsubashi University Co-Author: Kaddour Hadri, Durham university

16:45 - 17:45

INNOVATION AND PATENTS B (ESEM EEE)
Chairperson: John Fernald, Federal Reserve Bank of San Francisco

Room 32

	LABOR MOBILITY AND PATENTING ACTIVITY Hans Kongsted, University of Copenhagen Co-Authors: Ulrich Kaiser, and Thomas Ronde, University of Copenhagen
	SECTOR-SPECIFIC TECHNICAL CHANGE John Fernald, Federal Reserve Bank of San Francisco Co-Authors: Susanto Basu, Boston College, Jonas Fisher, Federal Reserve Bank of San Francisco and Miles Kimball, University of Michigan

16:45 - 17:45

ECONOMICS OF THE FAMILY B (ESEM EEE)
Chairperson: Emanuela Cardia,

Room 33

	A SEMIPARAMETRIC APPROACH TO ESTIMATING THE EFFECT OF FACTORS DRIVING THE RISING BREADWINNER ROLE OF WOMEN WITHIN FAMILIES IN THE UK Zeenat Soobedar, Queen Mary University of London
	HOUSEHOLD TECHNOLOGY: WAS IT THE ENGINE OF LIBERATION? Emanuela Cardia,

16:45 - 17:45

HEALTH B (ESEM EEE)
Chairperson: Thanasis Stengos, University of Guelph

Room 34

	FOOD CONSUMPTION AND OBESITY IN FRANCE Celine Bonnet, Toulouse School of Economics (GREMAQ, INRA) Co-Authors: Pierre Dubois, Toulouse School of Economics and Valerie Orozco, Toulouse School of Economics (GREMAQ, INRA)
	THE GLOBAL JOINT DISTRIBUTION OF INCOME AND HEALTH Thanasis Stengos, University of Guelph Co-Authors: Andreas Savvides, Cyprus University of Technology and Ximing Wu, Texas A&M University

MARSHALL LECTURE (EEA)
Chairperson: James Heckman, University of Chicago

Room Magna

THE ECONOMICS AND PSYCHOLOGY OF INEQUALITY AND HUMAN DEVELOPMENT
James Heckman, University of Chicago

20:00 - 22:00

CONFERENCE DINNER

The Congress Programme is subject to last minute changes.

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