EEA-ESEM 2008: Congress Programme Saturday August 30

The Congress Programme is subject to last minute changes.

This version of the Programme was viewed at 12/07/2008 20:01:47

SATURDAY 30 AUGUST 2008


DAY OVERVIEW
09:45 - 11:00 SHUMPETER LECTURE
11:00 - 11:30 COFFEE BREAK
11:30 - 13:30 CONTRIBUTED SESSIONS 6 EEA
CONTRIBUTED SESSIONS 6 ESEM: TAE
CONTRIBUTED SESSIONS 6 ESEM: EEE
13:30 - 15:00 LUNCH BREAK
15:00 - 16:30 CONTRIBUTED SESSIONS 7A EEA
CONTRIBUTED SESSIONS 7A ESEM: TAE
CONTRIBUTED SESSIONS 7A ESEM: EEE
16:30 - 16:45 BREAK
16:45 - 17:45 CONTRIBUTED SESSIONS 7B EEA
CONTRIBUTED SESSIONS 7B ESEM: TAE
CONTRIBUTED SESSIONS 7B ESEM: EEE
17:45 - 18:15 COFFEE BREAK
18:15 - 19:30 EEA PRESIDENTIAL ADDRESS



09:45 - 11:00 SHUMPETER LECTURE



09:45 - 11:00 SCHUMPETER LECTURE (EEA)
Chairperson: Douglas Bernheim, Stanford University
Room Magna

  BEYOND REVEALED PREFERENCE: CHOICE-THEORETIC FOUNDATIONS FOR BEHAVIORAL WELFARE ECONOMICS
Douglas Bernheim, Stanford University
 

11:00 - 11:30 COFFEE BREAK



11:30 - 13:30 CONTRIBUTED SESSIONS 6
EEA



11:30 - 13:30 CONSUMER BEHAVIOUR (EEA)
Chairperson: Rachel Griffith, IFS
Room N10

  CELLULAR DEMAND ANALYSIS IN SOUTH AFRICA: URBAN VERSUS RURAL PATTERNS OF CONSUMPTION
Laura Recuero Virto, ENST
Co-Authors: Farid Gasmi, TSE IDEI and Mark Ivaldi, IDEI TSE

 
  ON THE DISTRIBUTIONAL PROPERTIES OF HOUSEHOLD CONSUMPTION EXPENDITURES. THE CASE OF ITALY.
Lucia Alessi, Sant''Anna School of Advanced Studies
Co-Authors: Matteo Barigozzi, Sant'Anna School of Advanced Studies, Marco Capasso, Utrecht University and Giorgio Fagiolo, Sant'Anna School of Advanced Studies

 
  PRICE-ELASTICITES AND INVENTORIES
Helena Perrone, Toulouse school of economics

 
  CONSUMERS WILLINGNESS TO PAY FOR ORGANIC PRODUCTS
Rachel Griffith, IFS
Co-Author: Lars Nesheim, University College, London
 

11:30 - 13:30 CONTRACT THEORY II (EEA)
Chairperson: Anja Schöttner, University of Bonn
Room N11

  BEFORE DEATH DO US PART: ON EFFICIENT CONTRACT BREAKUP AND PARTIAL PROPERTY RIGHTS
Bernhard Ganglmair, University of Zurich and IZA, Bonn

 
  CONTRACTING WITH SPECIALIZED AGENTS
Benno Buehler, Munich Graduate School of Economics

 
  REPEATED MORAL HAZARD, LIMITED LIABILITY, AND RENEGOTIATION
Susanne Ohlendorf, University of Bonn
Co-Author: Patrick Schmitz, University of Cologne

 
  TECHNOLOGY ADOPTION UNDER ORGANIZATIONAL DISECONOMIES OF SCALE
Anja Schöttner, University of Bonn
Co-Author: Dominique Demougin, European Business School
 

11:30 - 13:30 ATTITUDES TOWARDS TIME AND RISK (EEA)
Chairperson: Monica Paiella, University of Naples "Parthenope"
Room N12

  THE DECISION (NOT) TO ANNUITIZE: EVIDENCE FROM A LARGE POLICY EXPERIMENT
Stefan Staubli, SEW-HSG, University of St. Gallen
Co-Author: Monika Bütler, University of St. Gallen

 
  RISK PREFERENCE AND TRUST IN THE INVESTMENT GAME
Daniel Schunk, University of Zurich
Co-Authors: Daniel Houser, George Mason University and Joachim Winter, University of Munich

 
  RATIONALITY ON THE RISE: WHY RELATIVE RISK AVERSION INCREASES WITH STAKE SIZE
Thomas Epper, Swiss Federal Institute of Technology Zurich
Co-Authors: Adrian Bruhin, Swiss Federal Institute of Technology Zurich and Helga Fehr-Duda, Swiss Federal Institute of Technology Zurich

 
  RELATIVE RISK AVERSION IS CONSTANT: EVIDENCE FROM PANEL DATA
Monica Paiella, University of Naples "Parthenope"
Co-Author: Pierre-Andre Chiappori, Columbia University
 

11:30 - 13:30 EMPIRICAL IO: PRODUCTIVITY AND SPATIAL COMPETITION (EEA)
Chairperson: Jagannadha Tamvada, Max Planck Institute of Economics
Room N13

  INTRA- AND INTER-INDUSTRY PRODUCTIVITY SPILLOVERS IN OECD MANUFACTURING: A SPATIAL ECONOMETRIC PERSPECTIVE
Harald Badinger, CES, LMU Munich
Co-Author: Peter Egger, Muenchen LMU

 
  THE EFFICIENCY OF EUROPEAN LIFE INSURERS: A NON-PARAMETRIC APPROACH
Fabio Bertoni, Politecnico di Milano
Co-Author: Annalisa Croce, Politecnico di Milano

 
  SPATIAL CONCENTRATION AND PRODUCTIVITY: AN EMPIRICAL APPROACH ON FRENCH INDIVIDUAL DATA 1996-2004
Florian Mayneris, Paris School of Economics, EHESS
Co-Authors: Philippe Martin, Paris School of Economics, University of Paris1, CEPR and Thierry Mayer, Paris School of Economics, University of Paris 1, CEPR, CEPII

 
  THE DISTRIBUTION OF FIRM START-UP SIZE ACROSS GEOGRAPHIC SPACE
Jagannadha Tamvada, Max Planck Institute of Economics
Co-Author: David Audretsch, Max Planck Institute of Economics
 

11:30 - 13:30 FERTILITY II (EEA)
Chairperson: Panu Poutvaara, University of Helsinki and CEBR
Room N14

  MORTALITY EXPECTATIONS AND FERTILITY DECISIONS
Sebastian Linnemayr, Harvard University
Co-Author: Isabel Gunther, Harvard University

 
  AN EMPIRICAL INVESTIGATION OF THE QUANTITY-QUALITY MODEL IN MEXICO
Bansi Malde, Institute for Fiscal Studies
Co-Author: Emla Fitzsimons, Institute for Fiscal Studies

 
  THE REVERSAL OF THE RELATIONSHIP BETWEEN AFFLUENCE AND FERTILITY IN DEVELOPING COUNTRIES
Sax Christoph, Brown University

 
  RETURNING HOME TO GO TO SCHOOL? EMIGRATION AND RETURN MIGRATION OF FAMILIES WITH CHILDREN
Panu Poutvaara, University of Helsinki and CEBR
Co-Authors: Svend T. Jespersen, CEBR, Martin Junge, CEBR and Martin D. Munk, SFI
 

11:30 - 13:30 FINANCE (EEA)
Chairperson: Gabor Kezdi, Central European University and IE-HAS
Room N15

  PREDICTABILITY OF STOCK RETURN AND VOLATILITY: A FACTOR BASED APPROACH
Cem Cakmakli, Tinbergen Institute, Econometric Institute, Erasmus University Rotterdam
Co-Author: Dick van Dijk, Erasmus University, Econometric Institute

 
  ON THE EFFECTS OF INDIVIDUAL LABOR-FLEXIBILITY ON RATIONAL PORTFOLIO ALLOCATION: MAKING A CASE FOR BUSINESSMAN RISK AND EMPLOYER STOCK OWNERSHIP
Doriana Ruffino, Boston University

 
  SELECTION ON FINANCIAL OR ECONOMIC PERFORMANCE? EXPLORING THE DETERMINANTS OF FIRM DEFAULT
Giulio Bottazzi, LEM, Scuola Superiore S'Anna
Co-Authors: Tamagni Federico, Scuola Superiore Sant'Anna, Marco Grazzi, Scuola Superiore Sant'Anna and Angelo Secchi, University of Pisa

 
  STOCK MARKET EXPECTATIONS AND PORTFOLIO CHOICE OF AMERICAN HOUSEHOLDS
Gabor Kezdi, Central European University and IE-HAS
Co-Author: Robert J. Willis, University of Michigan
 

11:30 - 13:30 FISCAL POLICY AND MACROECONOMIC DYNAMICS (EEA)
Chairperson: Ludger Linnemann, University of Bonn
Room N16

  ESTIMATING THE EFFECTS OF FISCAL POLICY UNDER THE BUDGET CONSTRAINT
Peter Claeys, Universitat de Barcelona

 
  DYNAMIC EFFECTS OF A FISCAL REFORM IN A TWO-SECTOR SMALL OPEN ECONOMY MODEL
Olivier Cardi, University Paris 2, ERMES
Co-Author: Romain Restout, University Paris 10, Economix, Edhec, Gate ENS-LSH Lyon

 
  INTERNATIONAL DIMENSIONS OF FISCAL POLICY TRANSMISSION
Gernot Mueller, Goethe University Frankfurt
Co-Authors: Giancarlo Corsetti, and Andre Meier, IMF

 
  UNEMPLOYMENT AND THE ROLE OF FISCAL STABILIZATION POLICY
Ludger Linnemann, University of Bonn
 

11:30 - 13:30 GLOBALIZATION, FINANCIAL DEVELOPMENT AND THE MACROECONOMY (EEA)
Chairperson: Wolf-Heimo Grieben, University of Konstanz
Room N17

  HIGH GROWTH AND LOW CONSUMPTION IN EAST ASIA: HOW TO IMPROVE WELFARE WHILE AVOIDING FINANCIAL FAILURES
Celine Rochon, University of Oxford - Said Business School
Co-Authors: andrew feltenstein, imf and maral shamloo, london school of economics

 
  INTERNATIONAL COMPETITION AND INFLATION: A NEW KEYNESIAN PERSPECTIVE
Christopher Gust, Federal Reserve Board
Co-Authors: Luca Guerrieri, Federal Reserve Board and David Lopez-Salido, Federal Reserve Board

 
  THE EFFECTS OF GLOBALIZATION ON INTERNATIONAL BUSINESS CYCLE CO-MOVEMENT
Scott Davis, Vanderbilt University

 
  THE IMPACT OF TRADE UNIONS AND MINIMUM WAGES ON GROWTH AND EMPLOYMENT IN A GLOBALIZED WORLD
Wolf-Heimo Grieben, University of Konstanz
Co-Author: Fuat Şener, Union College
 

11:30 - 13:30 INCOME DISTRIBUTION AND INEQUALITY (EEA)
Chairperson: Divino Jose Angelo, Catholic University of Brasilia
Room N18

  EQUALITY OF OPPORTUNITY : DEFINTIONS AND TESTABLE CONDITIONS, WITH AN APPLICATION TO INCOME IN FRANCE (1979-2000)
Arnaud Lefranc, THEMA, University of Cergy-Pontoise

 
  QUANTITATIVE EVIDENCES ON INEQUALITY OF OPPORTUNITIES IN BRAZIL
Juliana Cavalcanti, Univeristy of Cambridge-Faculty of Economics
Co-Authors: Tiago Cavalcanti, Cambridge University and Breno Sampaio, University of Illinois at Urbaba-Cahmapign

 
  INCOME DISTRIBUTION DYNAMICS AND PRO-POOR GROWTH IN THE WORLD FROM 1970 TO 2003
Sebastian Vollmer, University of Goettingen
Co-Authors: Hajo Holzmann, University of Karlsruhe and Julian Weisbrod, University of Goettingen

 
  ECONOMIC GROWTH AND INCOME INEQUALITY IN BRAZIL: ANALIZING THE COMPARABLE MINIMUM AREAS
Divino Jose Angelo, Catholic University of Brasilia
Co-Authors: Joaquim Pinto de Andrade, University of Brasilia and Leonardo Rangel, University of Brasilia and IPEA
 

11:30 - 13:30 INEQUALITY (EEA)
Chairperson: Mine Senses, Johns Hopkins University
Room N19

  COMPETITION, HUMAN CAPITAL AND INCOME INEQUALITY WITH LIMITED COMMITMENT
Ramon Marimon, European University Insitute & UPF-CREi
Co-Author: Vincenzo Quadrini, University of Southern California

 
  INEQUALITY AND SPECIALIZATION: THE GROWTH OF LOW SKILL SERVICE JOBS IN THE UNITED STATES
David Dorn, University of St. Gallen
Co-Author: David Autor, MIT

 
  A PORTFOLIO SELECTION PROBLEM WITH LEARNING AND INFORMATION ACQUISITION
Ana Hidalgo, Universidad Carlos III de Madrid
Co-Author: Beatriz de Blas, Universidad Autónoma de Madrid

 
  INTERNATIONAL TRADE AND LABOR INCOME RISK IN THE UNITED STATES
Mine Senses, Johns Hopkins University
Co-Author: Krishna Pravin, Johns Hopkins University
 

11:30 - 13:30 TECHNOLOGICAL PROGRESS (EEA)
Chairperson: Michele Cavallo, Federal Reserve Bank of San Francisco
Room N20

  THE RISE AND FALL OF GERMAN PRODUCTIVITY: SOFTWARE INVESTMENT AS THE DECISIVE DRIVER
Thomas Strobel, Ifo Institute for Economic Research
Co-Author: Theo Eicher, University of Washington

 
  EXPOSURE TO LOW-WAGE COMPETITION, ACTIVITY CHANGES AND QUALITY UPGRADING: AN EMPIRICAL ASSESSMENT
Claire Lelarge, CREST-OCDE
Co-Author: Benjamin Nefussi, DGTPE-CEPII

 
  HOW TO CLOSE THE PRODUCTIVITY GAP BETWEEN THE US AND EUROPE A QUANTITATIVE ASSESSMENT USING A SEMI-ENDOGENOUS GROWTH MODEL
Janos Varga, European Commission, DG ECFIN
Co-Authors: Jan intVeld, European Commission and Werner Roeger, European Commission

 
  CAPITAL-GOODS IMPORTS, INVESTMENT-SPECIFIC TECHNOLOGICAL CHANGE AND U.S. GROWTH
Michele Cavallo, Federal Reserve Bank of San Francisco
Co-Author: Anthony Landry, Federal Reserve Bank of Dallas
 

11:30 - 13:30 INTERVENTIONS AND ORDER FLOWS IN THE FOREIGN EXCHANGE MARKETS (EEA)
Chairperson: Lukas Menkhoff, Leibniz Universitaet Hannover
Room N21

  TIME INCONSISTENCY OF FOREIGN EXCHANGE RESERVE POLICY ANNOUNCEMENTS
Kurmas Akdogan, Birkbeck College and Turkiye Cumhuriyet Merkez Bankasi

 
  INFORMATIONAL EFFICIENCY, EXPECTATION HETEROGENEITY AND SIGNALING EFFECTS OF FOREIGN EXCHANGE INTERVENTIONS
Kentaro Iwatsubo, Kobe University
Co-Author: Satoshi Kawanishi, Sophia University, Japan

 
  THE IMPACT OF ORDER FLOW ON THE FOREIGN EXCHANGE MARKET: A COPULA APPROACH
Yoshihiro Kitamura, University of Toyama

 
  AUTOMATING EXCHANGE RATE TARGET ZONES: INTERVENTION VIA AN ELECTRONIC LIMIT ORDER BOOK
Lukas Menkhoff, Leibniz Universitaet Hannover
Co-Authors: Michael Melvin, Barclays Global Investors and Maik Schmeling, Leibniz Universitaet Hannover
 

11:30 - 13:30 INTRA-FAMILY ALLOCATION (EEA)
Chairperson: Marcos Rangel, University of Chicago
Room N22

  OCCUPATIONAL MISMATCH AND MOONLIGHTING OF SPANISH PHYSICIANS: DO COUPLES MATTER?
Florentino Felgueroso, Universidad de Ovied, Fedea and CEPR
Co-Author: Juan J Dolado, Universidad Carlos III

 
  THE INFLUENCE OF THE MOTHER’S POWER ON HER CHILD’S LABOR IN MEXICO
Iliana Reggio, UCLA

 
  CONJUGAL CONTRACT, GENDER WAGE DISCRIMINATION AND SOCIAL NORMS
Magali Recoules, University Paris I Panthéon-Sorbonne
Co-Author: Elisabeth Cudeville, CES, University of Paris 1 Panthéon-Sorbonne

 
  IS PARENTAL LOVE COLORBLIND? ALLOCATION OF RESOURCES WITHIN MIXED FAMILIES
Marcos Rangel, University of Chicago
 

11:30 - 13:30 LABOR MARKET REGULATIONS I (EEA)
Chairperson: Carsten Helm, Darmstadt University of Technology
Room N23

  LABOUR MARKET PERFORMANCE AND THE OPENING OF THE BLACK BOX OF EMPLOYMENT PROTECTION LEGISLATION
HENRI FRAISSE, Cornell University and Banque de France
Co-Authors: Francis Kramarz, CREST INSEE and Corinne Prost, CREST

 
  BOUNDS ANALYSIS OF COMPETING RISKS: A NONPARAMETRIC EVALUATION OF THE EFFECT OF UNEMPLOYMENT BENEFITS ON MIGRATION IN GERMANY.
Simon Lo, Freiburg University
Co-Authors: Melanie Arntz, ZEW Mannheim and Ralf Wilke, University of Nottingham

 
  PRIVATIZATION, ENTRY REGULATION AND THE DECLINE OF LABOR'S SHARE OF GDP: A CROSS-COUNTRY ANALYSIS OF THE NETWORK INDUSTRIES
Ghazala Azmat, University Pompeu Fabra
Co-Authors: Alan Manning, LSE and John Van Reenen, LSE

 
  INCENTIVE CONTRACTS AND EFFICIENT UNEMPLOYMENT BENEFITS
Carsten Helm, Darmstadt University of Technology
Co-Author: Dominique Demougin, European Business School
 

11:30 - 13:30 WELFARE ECONOMICS (EEA)
Chairperson: Andrea Gallice, ICER, International Center of Economic Research
Room N24

  COMPARING WELFARE CHANGE MEASURES WITH INCOME CHANGE MEASURES IN BEHAVIOURAL POLICY SIMULATIONS
Herault Nicolas, University of Melbourne
Co-Authors: John Creedy, University of Melbourne and Guyonne Kalb, University of Melbourne

 
  POLICY ANNOUNCEMENTS AND WELFARE
Christian Stoltenberg, Humboldt-University Berlin
Co-Author: Vadym Lepetyuk, University of Minnesota

 
  SHADOW ECONOMY AND DO-IT-YOURSELF ACTIVITIES: THE GERMAN CASE
Andreas Bühn, Technische Universitaet Dresden
Co-Authors: Alexander Karmann, Technische Universitaet Dresden and Friedrich Schneider, Johannes Kepler University of Linz

 
  SOME SOCIAL WELFARE IMPLICATIONS OF BEHAVIORAL PREFERENCES
Andrea Gallice, ICER, International Center of Economic Research
 

11:30 - 13:30 RETURNS TO EDUCATION (EEA)
Chairperson: Davin Chor, Singapore Management University
Room N25

  EDUCATION, TRAINING AND YOUTH EMPLOYMENT OUTCOMES. EVIDENCE FROM ITALY
Giorgia Casalone, Dipartimento di Scienze Economiche e Metodi Quantitativi, Università del Piemonte Orientale A.Avogadro
Co-Author: Eliana Baici, Dipartimento di Scienze Economiche e Metodi Quantitativi, Università del Piemonte Orientale "A.Avogadro"

 
  THE HEALTH RETURNS TO EDUCATION - WHAT CAN WE LEARN FROM TWINS?
Petter Lundborg, Free University Amsterdam

 
  RATES OF RETURN AND RISK-RETURN TRADE-OFFS TO DIFFERENT TYPES OF EDUCATIONAL PATHS: VOCATIONAL, ACADEMIC AND MIXED
Simone Tuor, University of Zurich
Co-Author: Uschi Backes-Gellner, University of Zurich

 
  SCHOOLING AND POLITICAL PARTICIPATION IN A NEOCLASSICAL FRAMEWORK: THEORY AND EVIDENCE
Davin Chor, Singapore Management University
Co-Author: Filipe Campante, Harvard Kennedy School
 

11:30 - 13:30 POLITICAL ECONOMY (EEA)
Chairperson: Graziella Bertocchi, Universita'' di Modena e Reggio Emilia
Room N26

  SPLIT-TICKET VOTING: AN IMPLICIT INCENTIVES APPROACH
Galina Zudenkova, Universidad Carlos III de Madrid

 
  VOTING ON GOVERNMENT PRODUCTION
Gisle James Natvik, University of Oslo

 
  SOOTHING POLITICS
Raphaël Levy, Toulouse School of Economics

 
  THE ENFRANCHISEMENT OF WOMEN AND THE WELFARE STATE
Graziella Bertocchi, Universita'' di Modena e Reggio Emilia
 

11:30 - 13:30 CORPORATE FINANCE (EEA)
Chairperson: Fausto Panunzi, Università Bocconi
Room N27

  CAPITAL STRUCTURE AND THE PRODUCT MARKET: THE CASE OF EUROPEAN ELECTRICITY MARKETS
Anna Toldra Simats, GSB, University of Chicago
Co-Author: Jerome Reboul, Industry

 
  SCARCE MONITORING CAPITAL, UNDERPRICING OF IPOS AND DISCRIMINATION BETWEEN INVESTORS
Sergei Kovbasyuk, Toulouse School of Economics

 
  ARE SEASONED OFFERINGS IMPORTANT IN THE FIRMS' POST-ISSUE VIABILITY: EVIDENCE FROM CHINA
Jia Liu, University of Salford
Co-Author: Dong Pang, University of Manchester

 
  INHERITANCE LAW AND INVESTMENT IN FAMILY FIRMS
Fausto Panunzi, Università Bocconi
Co-Authors: Andrew Ellul, and Marco Pagano,
 

11:30 - 13:30 REGIONAL LABOR MARKETS (EEA)
Chairperson: Martin Kahanec, Institute for the Study of Labor (IZA)
Room N28

  MATCHING AND LABOUR MARKET EFFICIENCY ACROSS SPACE AND THROUGH EU ACCESSION: EVIDENCE FROM LATVIA, ESTONIA AND SLOVENIA
Jekaterina Dmitrijeva, EPEE , Université d''Evry Val d''Essonne

 
  THE ELASTICITY OF TAXABLE INCOME: INCOME RESPONSES AFTER THE HUNGARIAN TAX CHANGES IN 2005
Dora Benedek, Central European University
Co-Authors: Peter Bakos, ABN AMRO, London and Peter Benczur, National Bank of Hungary and CEU

 
  LABOR SUPPLY AFTER TRANSITION: EVIDENCE FROM THE CZECH REPUBLIC
Michal Slavik, European Central Bank
Co-Authors: Alena Bicakova, CERGE-EI, Prague, Czech Republic and Jirka Slacalek, European Central Bank

 
  ETHNIC COMPETITION AND SPECIALIZATION
Martin Kahanec, Institute for the Study of Labor (IZA)
 

11:30 - 13:30 WAR, THE MILITARY AND THE ECONOMY (EEA)
Chairperson: David Jaeger, University of Bonn
Room N29

  WARS AND COUPS: MICRO-FOUNDATIONS OF MILITARY ACTION
Gabriel Leon, London School of Economics

 
  TERRORISM AND CABINET DURATION: AN EMPIRICAL ANALYSIS
Joachim Mierau, University of Groningen
Co-Authors: Martin Gassebner, ETH and Richard Jong-A-Pin, University of Groningen

 
  FROM RAGS TO RIFLES: THE ECONOMICS OF DEPRIVATION, CONFLICT AND THE WELFARE STATE
Dominic Rohner, University of York

 
  THE STRUGGLE FOR PALESTINIAN HEARTS AND MINDS: VIOLENCE AND PUBLIC OPINION IN THE SECOND INTIFADA
David Jaeger, University of Bonn
Co-Authors: Esteban Klor, Hebrew University, Sami Miaari, Hebrew University and Daniele Paserman, Hebrew University, Jerusalem
 

11:30 - 13:30 CONTRIBUTED SESSIONS 6
ESEM: Theoretical and Applied Economics



11:30 - 13:30 VOTING (ESEM TAE)
Chairperson: Arianna Degan, UQAM
Room A

  INFORMATION TRANSMISSION IN ELECTORAL COMPETITION
Simon Loertscher, University of Melbourne

 
  HINDSIGHT BIASED POLICY EVALUATION
Alexander K. Wagner, Toulouse School of Economics - LERNA
Co-Author: Florian Schuett, Toulouse School of Economics - GREMAQ

 
  DO VOTERS ALWAYS PREFER A PRECISE CANDIDATE ? THE STRATEGIC USE OF IMPRECISION.
Morgane Tanvé, CES, Université Paris1-Panthéon-Sorbonne
 

11:30 - 13:30 CONTRACTS AND TEAMS (ESEM TAE)
Chairperson: Hideo Suehiro, Kobe University
Room B

  LEADERSHIP BY CONFIDENCE IN TEAMS
Hideo Suehiro, Kobe University
Co-Author: Hajime Kobayashi, Osaka Prefecture University

 
  ARE TOURNAMENTS OPTIMAL OVER PIECE RATES UNDER LIMITED LIABILITY FOR THE PRINCIPAL?
Theofanis Tsoulouhas, North Carolina State University
Co-Author: Kosmas Marinakis, North Carolina State University

 
  CONFIDENCE MANAGEMENT: ON INTERPERSONAL COMPARISONS IN TEAMS
Bauke Visser, Erasmus University Rotterdam
Co-Authors: Benoit Crutzen, Erasmus University Rotterdam and Otto Swank, Erasmus University Rotterdam

 
  EFFICIENT TOURNAMENTS WITHIN TEAMS
Paul Schweinzer, University of Bonn
Co-Authors: Alex Gershkov, University of Bonn and Jianpei Li, Humboldt University of Berlin
 

11:30 - 13:30 POLITICAL ECONOMY 2 (ESEM TAE)
Chairperson: Eduardo Zambrano, Cal Poly
Room C

  HOW IMPORTANT IS THE CREDIBILITY PROBLEM IN POLITICS? EVIDENCE FROM STATE-LEVEL ABORTION LEGISLATION
Eduardo Zambrano, Cal Poly
Co-Author: Francisco Rodriguez, Wesleyan University

 
  SELECTING LESS CORRUPTIBLE BUREAUCRATS: A QUASI-AUCTION APPROACH
Audrey Hu, University of Amsterdam/ Tinbergen Institute
Co-Author: Liang Zou, University of Amsterdam

 
  PEACE AGREEMENTS WITHOUT COMMITMENT
Carmen Beviá, Univ. Autonoma de Barcelona
Co-Author: Luis Corchón, Universidad Carlos III de Madrid

 
  POLITICAL ACCOUNTABILITY, INCENTIVES, AND CONTRACTUAL DESIGN OF PUBLIC PRIVATE PARTNERSHIPS: DEMAND RISK ON PRIVATE PROVIDERS OR PUBLIC AUTHORITIES?
Laure Athias, University of Paris 1 Sorbonne
 

11:30 - 13:30 REGULATION AND INDUSTRIAL POLICY (ESEM TAE)
Chairperson: Klaus Kultti, University of Helsinki
Room D

  ON THE OPTIMAL NOVELTY REQUIREMENT IN PATENT PROTECTION
Klaus Kultti, University of Helsinki

 
  FINES, LENIENCY, REWARDS AND DETERRENCE: EVIDENCE FROM A TITRUST EXPERIMENTS
Spagnolo Giancarlo, University of Rome Tor Vergata and SITE - Stockholm School of Economics
Co-Authors: Bigoni Maria, IMT Lucca and University of Padua and Fridolfsson Sven-Olof, Research Institute of Industrial Economics

 
  ENVIRONMENTAL POLICY A LA CARTE: LETTING FIRMS CHOOSE THEIR REGULATION
Frank C. Krysiak, University of Basel
Co-Author: Iris Maria Oberauner, University of Basel
 

11:30 - 13:30 MACROECONOMICS AND EQUILIBRIUM (ESEM TAE)
Chairperson: Richard Barnett, Villanvoa University
Room E

  RESURRECTING EQUILIBRIA THROUGH CYCLES
Richard Barnett, Villanvoa University
Co-Authors: Joydeep Bhattacharaya, Iowa State University and Helle Bunzel, Iowa State University

 
  PUBLIC SPENDING SHOCKS IN A LIQUIDITY CONSTRAINED ECONOMY
Edouard Challe, University of Paris-Dauphine
Co-Author: Xavier Ragot, Paris School of Economics

 
  DETECTING A ROBUST CHANGE IN WEALTH CONCENTRATION WITHOUT THE KNOWLEDGE OF THE WEALTH DISTRIBUTION
Alessandra Michelangeli, University of Milan-Bicocca
Co-Authors: Eugenio Peluso, Department Of Economics, University of Verona and Alain Trannoy, GREQAM, EHESS

 
  REPEATED MORAL HAZARD AND RECURSIVE LAGRANGEANS
Antonio Mele, Universitat Pompeu Fabra
 

11:30 - 13:30 EPISTEMOLOGY (ESEM TAE)
Chairperson: Amanda Friedenberg, Washington University In St Louis
Room 11

  THE CONTEXT OF THE GAME
Amanda Friedenberg, Washington University In St Louis
Co-Author: Martin Meier, Instituto de Análisis Económico

 
  COMMON REASONING IN GAMES
Robin Cubitt, University of Nottingham
Co-Author: Robert Sugden, University of East Anglia

 
  EVERY HIERARCHY OF BELIEFS IS TYPE
Miklos Pinter, Department of Mathematics, Corvinus University of Budapest

 
  INTERACTIVE EPISTEMOLOGY AND SOLUTION CONCEPTS FOR GAMES WITH ASYMMETRIC INFORMATION
Pierpaolo Battigalli, IGIER and Department of Economics, Bocconi University
Co-Authors: Alfredo Di Tillio, Bocconi, Edoardo Grillo, Princeton University and Antonio Penta, Univ. of Pennsylvania
 

11:30 - 13:30 GROWTH 2 (ESEM TAE)
Chairperson: Akos Valentinyi, University of Southampton
Room 12

  WHICH SECTORS MAKE THE POOR COUNTRIES SO UNPRODUCTIVE?
Akos Valentinyi, University of Southampton
Co-Author: Berthold Herrendorf, Arizona State

 
  A MONTHLY INDICATOR OF THE EURO AREA GDP
Gian Luigi Mazzi, European Commission, Eurostat
Co-Authors: Cecilia Frale, University of Rome Tor Vergata, Massimiliano Marcellino, Università Bocconi, IGIER and CEPR, Gian Luigi Mazzi, European Commission, Eurostat and Tommaso Proietti, Roma 2 University

 
  LONGEVITY AND LIFETIME LABOR INPUT: DATA AND IMPLICATIONS
Moshe Hazan, Dept. of Economics

 
  ESTIMATES OF THE MARGINAL PRODUCT OF CAPITAL, 1960-2000
Marcelo Mello, Faculdades Ibmec/RJ
 

11:30 - 13:30 LABOUR MARKETS AND HUMAN CAPITAL (ESEM TAE)
Chairperson: In-Uck Park, University of Bristol
Room 13

  AN ECONOMIC THEORY OF GLASS CEILING
In-Uck Park, University of Bristol
Co-Authors: Paul Grout, University of Bristol and Silvia Sonderegger, University of Bristol

 
  HUMAN CAPITAL FORMATION, INEQUALITY, AND COMPETITION FOR JOBS
Daniel Mejia, Department of Economics, Universidad de los Andes

 
  THE INTERACTION BETWEEN UNEMPLOYMENT INSURANCE AND HUMAN CAPITAL POLICIES.
Carlos da Costa, Fundação Getulio Vargas
Co-Author: Lucas Maestri, Yale University

 
  OPTIMAL TAXATION OVER THE LIFE-CYCLE FOR THE POOR AND THE RICH
Nathalie Mathieu-Bolh, University of Vermont (UVM)
 

11:30 - 13:30 SOCIAL NORMS (ESEM TAE)
Chairperson: Emmanuel Frot, SITE
Room 14

  THE DEMISE OF SOCIAL INSURANCE
Emmanuel Frot, SITE

 
  WELFARE STIGMA OR INFORMATION SHARING? DECOMPOSING SOCIAL INTERACTIONS EFFECTS IN SOCIAL BENEFIT USE.
Ethan Cohen-Cole, Federal Reserve Bank of Boston
Co-Author: Giulio Zanella, University of SIena

 
  RIDING HIGH - SUCCESS IN SPORTS AND THE RISE OF DOPING CULTURES
Holger Strulik, University of Hannover

 
  WHY CONSUMERS PAY VOLUNTARILY: EVIDENCE FROM ONLINE MUSIC
Tobias Regner, University of Jena
 

11:30 - 13:30 CONTRIBUTED SESSIONS 6
ESEM: Econometrics and Empirical Economics



11:30 - 13:30 CORPORATE FINANCE (ESEM EEE)
Chairperson: Catherine BRUNEAU, UNIVERSITE PARIS X
Room 15

  THE IRREVERSIBILITY PREMIUM
Huntley Schaller, Department of Economics, Carleton University
Co-Author: Robert Chirinko, University of Illinois at Chicago

 
  FORECASTING CROSS-SECTIONS OF FRAILTY-CORRELATED DEFAULT
Bernd Schwaab, VU University Amsterdam

 
  INSTITUTIONS AND OFFSHORING DECISION
Marcella Nicolini, Politecnico of Milan

 
  MACROECONOMIC FLUCTUATIONS AND CORPORATE FINANCIAL FRAGILITY
Catherine BRUNEAU, UNIVERSITE PARIS X
Co-Authors: Olivier de Bandt, Banque de France and Widad El Amri, Banque de France
 

11:30 - 13:30 STRUCTURAL BREAKS II (ESEM EEE)
Chairperson: Elias Tzavalis, Department of Economics, Athens University of Economics and Business, Greece
Room 21

  DOES THE REAL INTEREST RATE PARITY HOLD FOR OECD COUNTRIES? NEW EVIDENCE USING PANEL STATIONARITY TESTS WITH CROSS-SECTION DEPENDENCE AND STRUCTURAL BREAKS
Mariam Camarero, University Jaume I
Co-Authors: Josep Lluis Carrion, University of Barcelona and Cecilio Tamarit, University of Valencia

 
  STRUCTURAL BREAKS IN INFLATION AND CAUSALITY IN INTERNATIONAL TRANSMISSION OF PRICE SHOCKS
Erdenebat Bataa, University of Manchester
Co-Authors: Denise Osborn, University of Manchester, Marianne Sensier, University of Manchester and Dick van Dijk, Erasmus University, Econometric Institute

 
  TECHNOLOGY SHOCKS, STRUCTURAL BREAKS AND THE EFFECTS ON THE BUSINESS CYCLE.
Gianluca Cubadda, esem
Co-Authors: Vincenzo Atella, Università di Roma "Tor Vergata" and Marco Centoni, Università del Molise

 
  MODELING STRUCTURAL BREAKS IN ECONOMIC RELATIONSHIPS USING LARGE SHOCKS
Elias Tzavalis, Department of Economics, Athens University of Economics and Business, Greece
Co-Author: George Kapetanios, Queen Mary College, University of London
 

11:30 - 13:30 FACTOR MODELS II (ESEM EEE)
Chairperson: Jorg Breitung, Bonn
Room 22

  MR. WICKSELL AND THE GLOBAL ECONOMY: WHAT DRIVES REAL INTEREST RATES?
Michal Brzoza-Brzezina, National Bank of Poland
Co-Author: Jesus Crespo Cuaresma, University of Innsbruck

 
  FACTOR-MIDAS FOR NOW- AND FORECASTING WITH RAGGED-EDGE DATA: A MODEL COMPARISON FOR GERMAN GDP
Christian Schumacher, Deutsche Bundesbank
Co-Author: Massimiliano Marcellino, Università Bocconi, IGIER and CEPR

 
  QUASI ML ESTIMATION OF DYNAMIC FACTOR MODEL WITH MISSING DATA: FORECASTING EURO AREA GDP WITH MIXED FREQUENCY AND SHORT-HISTORY INDICATORS.
Michele Modugno, Universite Libre de Bruxelles/ ECARES
Co-Author: Marta Banbura, Universite Libre de Bruxelles and ECB

 
  GLS ESTIMATION OF DYNAMIC FACTOR MODELS
Jorg Breitung, Bonn
Co-Author: Joern Tenhofen, University of Bonn
 

11:30 - 13:30 VOLATILITY II (ESEM EEE)
Chairperson: Andrew Patton, University of Oxford
Room 23

  CAPTURING VOLATILITY FROM LARGE PRICE MOVES: GENERALIZED RANGE THEORY AND APPLICATIONS
Dobrislav Dobrev, Federal Reserve Board of Governors

 
  JOINT MODELING OF CALL AND PUT IMPLIED VOLATILITY
Katja Ahoniemi, Helsinki School of Economics and HECER
Co-Author: Markku Lanne, University of Helsinki

 
  VAR MODELING FOR DYNAMIC LOADINGS DRIVING VOLATILITY STRINGS
Carsten Trenkler, University of Mannheim
Co-Authors: Ralf Brüggemann, University of Konstanz, Wolfgang Härdle, Humboldt-Universität zu Berlin and Julius Mungo, Humboldt-Universität zu Berlin

 
  DATA-BASED RANKING OF REALISED VOLATILITY ESTIMATORS
Andrew Patton, University of Oxford
 

11:30 - 13:30 RANK ESTIMATION & TESTING (ESEM EEE)
Chairperson: Helmut Lutkepohl, EUI, Florence
Room 24

  ON RANK ESTIMATION IN SYMMETRIC MATRICES: THE CASES OF INDEFINITE AND POSITIVE DEFINITE ESTIMATORS
Natercia Fortuna, University of Porto, Portugal, and University of Texas at Austin
Co-Authors: Stephen G. Donald, University of Texas at Austin and Vladas Pipiras, University of North Carolina at Chapel Hill

 
  A WALD TEST FOR THE COINTEGRATION RANK IN NONSTATIONARY FRACTIONAL SYSTEMS
Carlos Velasco, UC3Madrid
Co-Author: Marco Avarucci, LUISS Guido Carli

 
  ESTIMATION AND TESTING FOR THE COINTEGRATION RANK IN A THRESHOLD COINTEGRATED SYSTEM
DAVID NETO, Deprtment of Econometrics, University of Geneve
Co-Author: JAYA KRISHNAKUMAR, Department of Econometrics, University of Geneva

 
  TESTING FOR THE COINTEGRATING RANK OF A VECTOR AUTOREGRESSIVE PROCESS WITH UNCERTAIN DETERMINISTIC TREND TERM
Helmut Lutkepohl, EUI, Florence
Co-Author: Matei Demetrescu, Goethe University frankfurt
 

11:30 - 13:30 SEMI-PARAMETRICS (ESEM EEE)
Chairperson: Herman Bierens, Pennsylvania State University
Room 25

  EXACT FISHER-TYPE TESTS AND CONFIDENCE REGIONS IN SEMI-PARAMETRIC LINEAR DYNAMIC MODELS WITH EXCHANGEABLE ERRORS
Frederic Jouneau-Sion, EQUIPPE-GREMARS, Universites de Lille
Co-Authors: JEAN-MARIE DUFOUR, McGill University and Olivier Torrès, EQUIPPE-GREMARS Universites de Lille

 
  BANDWIDTH-ROBUST INFERENCE WITH CONDITIONAL MOMENT RESTRICTIONS
Pascal Lavergne, Simon Fraser University

 
  ON THE DISTRIBUTION OF THE ADAPTIVE LASSO ESTIMATOR
Ulrike Schneider, Department of Statistics, University of Vienna
Co-Author: Benedikt Poetscher, Department of Statistics, University of Vienna

 
  SEMI-NONPARAMETRIC ESTIMATION OF INDEPENDENTLY AND IDENTICALLY REPEATED FIRST-PRICE AUCTIONS VIA AN INTEGRATED SIMULATED MOMENTS METHOD
Herman Bierens, Pennsylvania State University
Co-Author: Hosin Song, Korea Institute of Public Finance (KIPF)
 

11:30 - 13:30 INCENTIVES IN THE FIRM (ESEM EEE)
Chairperson: Harald Dale-Olsen, Institute for Social Research
Room 31

  EFFECTS OF DISMISSAL PROTECTION LEGISLATION ON INDIVIDUAL EMPLOYMENT STABILITY IN GERMANY
Bernhard Boockmann, Institute for Applied Economic Research (IAW)
Co-Authors: Daniel Gutknecht, University of Warwick and Susanne Steffes, ZEW

 
  MANAGERIAL SUCCESSION AND ORGANIZATIONAL PERFORMANCE - EVIDENCE FROM THE GERMAN SOCCER LEAGUE 1963-2003
Stefan Wagner, INNO-tec

 
  DO EMPLOYEE STOCK OPTION SCHEMES ENHANCE FIRM PERFORMANCE? STOCHASTIC PRODUCTION FRONTIER EVIDENCE FROM FINLAND
Mikko Mäkinen, Helsinki School of Economics

 
  FIRM PERFORMANCE, EXECUTIVE PAY AND TAX REFORMS
Harald Dale-Olsen, Institute for Social Research
 

11:30 - 13:30 MICROSTRUCTURE (ESEM EEE)
Chairperson: Stefan Frey, University of Tuebingen
Room 32

  TECHNICAL TRADING REVISITED: PERSISTENCE TESTS, TRANSACTION COSTS, AND FALSE DISCOVERIES
Pierre Bajgrowicz, HEC Genève
Co-Author: Olivier Scaillet, Geneva

 
  MODELLING DYNAMIC DEMAND AND SUPPLY CURVES OF ELECTRONIC MARKETS
Wing Lon Ng, University of Essex

 
  COVARIANCE ESTIMATION VIA FOURIER METHOD IN THE PRESENCE OF ASYNCHRONOUS TRADING AND MICROSTRUCTURE NOISE
Maria Elvira Mancino, DiMaD
Co-Author: Simona Sanfelici, University of Parma

 
  ICEBERG ORDERS AND THE COMPENSATION FOR LIQUIDITY PROVISION
Stefan Frey, University of Tuebingen
Co-Author: Patrik Sandas, McIntire School of Commerce, University of Virginia
 

11:30 - 13:30 POLITICAL ECONOMY (ESEM EEE)
Chairperson: Justina Fischer, Stockholm School of Economics
Room 33

  TWO-BALLOT VERSUS PLURALITY RULE: AN EMPIRICAL INVESTIGATION ON THE NUMBER OF CANDIDATES
Mauro Rodrigues, Dept of Economics, University of Sao Paulo
Co-Authors: Carlos Eduardo Goncalves, Dept of Economics, University of Sao Paulo and Ricardo Madeira, University of Sao Paulo

 
  DOES THE SIZE OF THE LEGISLATURE AFFECT THE SIZE OF GOVERNMENT: EVIDENCE FROM TWO NATURAL EXPERIMENT
Per Pettersson-Lidbom, Stockholm University

 
  DO MORE DECENTRALIZED LOCAL GOVERNMENTS DO BETTER? EFFECTS OF THE 2001 REFORM IN COLOMBIA ON ENROLMENT
Darwin Cortes, U Rosario, TSE

 
  DECENTRALIZATION AS A DISINCENTIVE FOR TRANSNATIONAL TERROR? AN EMPIRICAL TEST.
Justina Fischer, Stockholm School of Economics
Co-Author: Axel Dreher, ETH Zurich
 

13:30 - 15:00 LUNCH BREAK



15:00 - 16:30 CONTRIBUTED SESSIONS 7A
EEA



15:00 - 16:30 ASSET PRICING A (EEA)
Chairperson: Christian Mueller-Kademann, Zurich University of Applied Sciences
Room N10

  ARE ANALYSTS RIGHT? MACROECONOMIC FACTORS AND REGIME SWITCHING IN THE TERM STRUCTURE OF INTEREST RATES
Nina Boyarchenko, University of Chicago GSB

 
  INTEGRATING MULTIPLE COMMODITIES IN A MODEL OF STOCHASTIC PRICE DYNAMICS
Marcel Prokopczuk, University of Mannheim
Co-Author: Raphael Paschke, University of Mannheim

 
  TERM STRUCTURE SURPRISES: THE PREDICTIVE CONTENT OF CURVATURE, LEVEL, AND SLOPE
Emanuel Moench, Federal Reserve Bank of New York
 

15:00 - 16:30 TWO-SIDED MARKETS A (EEA)
Chairperson: Jose Luis Moraga Gonzalez, University of Groningen
Room N11

  A MODEL OF MERCHANTS
Makoto Watanabe, Universidad Carlos III de Madrid

 
  INTERMEDIATION AND INVESTMENT INCENTIVES
Martin Peitz, University of Mannheim
Co-Author: Paul Belleflamme, Université Catholique de Louvain

 
  ON COMPATIBILITY IN TWO-SIDED MARKETS
Ekaterina Goldfayn, University of Bonn
Co-Author: Eugen Kovac, University of Bonn
 

15:00 - 16:30 ECONOMICS OF EDUCATION A (EEA)
Chairperson: Erik Grönqvist, IFAU
Room N12

  PEER EFFECTS IN SCIENCE - EVIDENCE FROM THE DISMISSAL OF SCIENTISTS IN NAZI GERMANY
Fabian Waldinger, London School of Economics

 
  TEACHER SHORTAGE AND THE BUSINESS CYCLE
Bjarne Strøm, Norwegian University of Science and Technology
Co-Author: Kåre Johansen, Norwegian University of Science and Technology

 
  VALUING SCHOOL CHOICE AND SOCIAL INTERACTIONS: VALUING SCHOOL CHOICE AND SOCIAL INTERACTIONS: EVIDENCE FROM AN ADMISSIONS REFORM
Kjell Salvanes, Norwegian School of Economics
Co-Author: Stephen Machin, University College London
 

15:00 - 16:30 EMPIRICAL ASPECTS OF INFLATION A (EEA)
Chairperson: Nihal Bayraktar, Penn State University
Room N13

  DOES IMMIGRATION AFFECT THE PHILLIPS CURVE? SOME EVIDENCE FOR SPAIN
Juan Jimeno, Bank of Spain
Co-Authors: Samuel Bentolila, CEMFI and Juan J Dolado, Universidad Carlos III

 
  INFLATION IN EUROPE: THE ROLE OF TRADABLES, MARKET AND REGULATED SERVICES AND HOUSE PRICES
Balazs Egert, OECD

 
  INFLATION THRESHOLDS AND RELATIVE PRICE VARIABILITY: EVIDENCE FROM U.S. CITIES
Alexander Bick, Goethe University Frankfurt
Co-Author: Dieter Nautz, Goethe University Frankfurt
 

15:00 - 16:30 ENVIRONMENTAL ECONOMICS: POLITICS AND WELFARE A (EEA)
Chairperson: Manijeh Schwindt, University of Innsbruck, Austria; alpS - Centre of Natural Hazard Management, Ltd., Innsbruck, Austria
Room N14

  THE POLITICAL ECONOMY OF ENVIRONMENTAL TAX DIFFERENTIATION: THEORY AND EMPIRICAL EVIDENCE
Niels Anger, Centre for European Economic Research (ZEW)
Co-Authors: Christoph Böhringer, University of Oldenburg and Andreas Lange, University of Maryland

 
  GLOBAL WELFARE COMPARISONS
Geir B. Asheim, University of Oslo

 
  TECHNOLOGICAL DIVERSITY, R&D, AND ENVIRONMENTAL REGULATION
Frank C. Krysiak, University of Basel
 

15:00 - 16:30 EXCHANGE RATE REGIMES AND PASS THROUGH A (EEA)
Chairperson: Vladimir Sokolov, Higher School of Economics
Room N15

  EXPORT AND IMPORT PRICES IN EMERGING MARKETS - THE ROLE OF EXCHANGE RATE PASS-THROUGH
Matthieu Bussiere, European Central Bank
Co-Author: Tuomas Peltonen, European Central Bank

 
  PRICING TO MARKET AND PASS-THROUGH BY INDIAN EXPORTERS OF HOMOGENEOUS AND DIFFERENTIATED GOODS ACROSS G3 AND BRICS MARKETS
Helena Marques, University of Manchester
Co-Author: Sushanta Mallick, Queen Mary, University of London

 
  EXCHANGE RATES AND PRODUCER PRICES: EVIDENCE FROM MICRO DATA
Stefanie Haller, Economic and Social Research Institute
Co-Author: Doireann Fitzgerald, Stanford University, Department of Economics
 

15:00 - 16:30 EXPERIMENTAL GAME THEORY: COOPERATION AND RECIPROCITY A (EEA)
Chairperson: Friederike Mengel, University of Alicante
Room N16

  BEYOND PROCEDURAL EQUITY AND RECIPROCITY - AN EXPERIMENTAL STUDY
Nadine Chlass, Max Planck Institute of Economics
Co-Authors: Werner Gueth, Max Planck Institute of Economics and Topi Miettinen, Max Planck Institute of Economics

 
  FINITE-ORDER BELIEFS AND WELFARE-ENHANCING INSTRUMENTS IN THE CENTIPEDE GAME
Anke Gerber, University of Hamburg
Co-Author: Philipp Wichardt, University of Bonn

 
  COOPERATION AMONG STRANGERS UNDER THE SHADOW OF THE FUTURE
Marco Casari, UNIVERSITY OF BOLOGNA
Co-Author: Gabriele Camera, University of Iowa
 

15:00 - 16:30 FERTILITY I A (EEA)
Chairperson: Maurizio Conti, University of Genova
Room N17

  THE BABY BOOM AND WORLD WAR II: A MACROECONOMIC ANALYSIS
Moshe Hazan, Dept. of Economics
Co-Authors: Matthias Doepke, Depratment of Economics, UCLA and Yishay Maoz, Haifa university

 
  INVESTING FOR THE OLD AGE: PENSIONS, CHILDREN AND SAVINGS
Paola Profeta, Università Bocconi
Co-Authors: Vincenzo Galasso, IGIER, Università Bocconi and Roberta Gatti, World Bank

 
  THE LABOR SUPPLY EFFECT OF IN-KIND TRANSFERS
Ian Walker, University of Warwick
Co-Author: Paul Bingley, University of Southern Denmark
 

15:00 - 16:30 FISCAL POLICY RULES A (EEA)
Chairperson: Robert Vermeulen, University of Luxembourg
Room N18

  FISCAL ADJUSTMENT TO CYCLICAL DEVELOPMENTS IN THE OECD: AN EMPIRICAL ANALYSIS BASED ON REAL-TIME DATA
Massimo Giuliodori, UNIVESITY OF AMSTERDAM
Co-Author: Roel Beetsma, University of Amsterdam

 
  FISCAL POLICY IN REAL TIME
Jacopo Cimadomo, European Central Bank

 
  DID FISCAL POLICY MAKERS KNOW WHAT THEY WERE DOING? REASSESSING FISCAL POLICY WITH REAL-TIME DATA
Kerstin Bernoth, De Nederlandsche Bank
Co-Authors: Andrew Hughes Hallett, School of Public Policy, George Mason University and John Lewis, De Nederlandsche Bank
 

15:00 - 16:30 HOUSING, LAND AND THE MACROECONOMY A (EEA)
Chairperson: Albert Saiz, University of Pennsylvania
Room N19

  INTERACTION BETWEEN HOUSING PRICES AND HOUSEHOLD BORROWING - THE FINNISH CASE
Elias Oikarinen, Turku School of Economics

 
  WAGES, RENTS AND HETEROGENEOUS MOVING COSTS
Douglas J Krupka, Institute for the Study of Labor
Co-Author: Kwame Donaldson, Georgia State University

 
  REAL ESTATE PRICES AND THE IMPORTANCE OF BEQUEST TAXATION
Filippo Taddei, Collegio Carlo Alberto
Co-Author: Giorgio Bellettini, University of Bologna
 

15:00 - 16:30 INFLATION EXPECTATIONS A (EEA)
Chairperson: Michael Lamla, ETH Zurich
Room N20

  ANCHORS FOR INFLATION EXPECTATIONS
Nicola Viegi, University of Cape Town
Co-Authors: MARIA DEMERTZIS , and Massimiliano Marcellino, Università Bocconi, IGIER and CEPR

 
  CONVERGENCE AND ANCHORING OF YIELD CURVES IN THE EURO AREA
Refet Gurkaynak, Bilkent University
Co-Authors: Michael Ehrmann, European Central Bank, Marcel Fratzscher, European Central Bank and Eric Swanson, Federal Reserve Bank of San Francisco

 
  THE ROLE OF EXPECTATIONS AND WAGES IN DEFLATIONARY RECESSIONS
Gerd Weinrich, Catholic University of Milan
Co-Author: Luca Colombo, Catholic University of Milan
 

15:00 - 16:30 IO: INNOVATION A (EEA)
Chairperson: Philipp Weinschenk, Max Planck Institut for Research on Collective Goods
Room N21

  KNOWLEDGE SPILLOVERS, COMPETITION, AND TASTE FOR SCIENCE IN A MODEL OF R&D INCENTIVE PROVISION
Lorenzo Zirulia, University of Bologna
Co-Author: Nicola Lacetera, Weatherhead School of Management, Case Western Reserve University

 
  DUPLICATION OF EFFORTS AND PUBLIC INFORMATION IN R&D
Irina Khovanskaya, Higher School of Economics
Co-Author: Konstantin Sonin, New Economic School

 
  ABOVE AND BEYOND THE INVERTED-U RELATIONSHIP: INNOVATION AND PRODUCT MARKET COMPETITION IN A DYNAMIC DUOPOLY
Xavier Boutin, INSEE, CREST-LEI
 

15:00 - 16:30 LABOR ADJUSTMENT: EXTENSIVE AND INTENSIVE MARGIN A (EEA)
Chairperson: Coralia Quintero Rojas, GAINS, Université du Maine
Room N22

  IN‡ATION AND LABOR MARKET DYNAMICS REVISITED
Lutz Weinke, Duke University
Co-Author: Tommy Sveen, Norges Bank

 
  PRODUCTIVITY, HOURS AND UNEMPLOYMENT IN A NEW KEYNESIAN MODEL WITH MATCHING FRICTIONS
Tommy Sveen, Norges Bank
Co-Author: Francesco Furlanetto, Norges Bank

 
  OPTIMAL (CAPITAL)-TAXATION AND (FEMALE)-LABOR FORCE PARTICIPATION -- THE IMPORTANCE OF LABOR MARKET FLOWS
Philip Jung, University of Mannheim
 

15:00 - 16:30 HEALTH: PUBLIC POLICY A (EEA)
Chairperson: Eberhard Fees, University of Aachen
Room N23

  WEALTH, ECONOMIC RISKS AND HIV PREVALENCE
Elodie Djemai, Toulouse School of Economics- ARQADE

 
  MOTORWAYS, TOLLS AND ROAD SAFETY. EVIDENCE FROM EUROPEAN PANEL DATA
Daniel Albalate , UNIVERSITAT DE BARCELONA
Co-Author: Germà Bel, University of Barcelona

 
  IN VINO PECUNIA? THE ASSOCIATION BETWEEN BEVERAGE-SPECIFIC DRINKING BEHAVIOR AND WAGES
Nicolas Ziebarth, German Institute for Economic Research
Co-Author: Markus Grabka, German Institute for Economic Research
 

15:00 - 16:30 HUMAN CAPITAL ACCUMULATION A (EEA)
Chairperson: Theophile T. Azomahou, UNU-MERIT, Maastricht University
Room N24

  THE ROLE OF AGE-STRUCTURED EDUCATION DATA FOR ECONOMIC GROWTH FORECASTS
Jesus Crespo Cuaresma, University of Innsbruck
Co-Author: Tapas Mishra, IIASA

 
  INTERGENERATIONAL INTERACTIONS IN HUMAN CAPITAL ACCUMULATION
Jakub Growiec, Warsaw School of Economics
Co-Author: Lukasz Wozny, Warsaw School of Economics

 
  REVISITING THE NELSON-PHELPS HYPOTHESIS IN A MODEL OF GROWTH WITH QUALITY-IMPROVING INNOVATIONS
Monica Correa-Lopez, Department of Economics, University of Manchester
 

15:00 - 16:30 BANKING: FAILURE AND FINANCIAL CRISIS A (EEA)
Chairperson: Hendrik Hakenes, University of Hannover
Room N25

  INTERBANK LENDING, COLLATERAL, AND THE 2007 LIQUIDITY CRISIS
Christian Ewerhart, University of Zurich
Co-Author: Jens Tapking, European Central Bank

 
  GLOBAL GAMES AND DEMAND-DEPOSIT CONTRACTS: AN EXPERIMENTAL STUDY OF BANK RUNS
Alexander Klos, Finance Center Münster
Co-Author: Norbert Sträter, Finance Center Münster

 
  CAPITAL REQUIREMENTS AND BANK FAILURE
David Martinez-Miera, CEMFI
 

15:00 - 16:30 DEVELOPMENT A (EEA)
Chairperson: Raphael Auer, Swiss National Bank
Room N26

  LOCATIONAL DETERMINANTS OF RURAL NON-AGRICULTURAL EMPLOYMENT: EVIDENCE FROM BRAZIL
Erik Jonasson, Lund University
Co-Author: Steven Helfand, University of California, Riverside

 
  ELECTRICITY PROVISION AND INDUSTRIAL DEVELOPMENT: EVIDENCE FROM INDIA
Juan Pablo Rud, London School of Economics

 
  KNOWLEDGE SPILLOVERS AND THE WORLD INCOME DISTRIBUTION
Stefano Gerosa, University of Rome "Tor Vergata"
 

15:00 - 16:30 MONETARY POLICY A (EEA)
Chairperson: Marcelle Chauvet, University of California Riverside
Room N27

  ‘UNPLEASANT MONETARIST ARITHMETIC’ REVISITED: THE ROLE OF TRANSITIONAL MONETARY DYNAMICS
Sergey Pekarski, State University Higher School of Economics, Moscow

 
  INCOMPLETE MARKETS AND THE OUTPUT-INFLATION TRADEOFF
Edouard Challe, University of Paris-Dauphine
Co-Author: Xavier Ragot, Paris School of Economics

 
  MONETARY POLICY AND CYCLICAL MEASUREMENT BIAS IN INFLATION
Henning Weber, Free University Berlin
 

15:00 - 16:30 FDI AND THE MACROECONOMY A (EEA)
Chairperson: Caroline Paunov, Queen Mary, University of London
Room N28

  DOES FOREIGN DIRECT INVESTMENT PROMOTE REGIONAL DEVELOPMENT IN DEVELOPED COUNTRIES? A MARKOV CHAIN APPROACH FOR US STATES
Eckhardt Bode, Kiel Institute for the World Economy

 
  FDI PROMOTION THROUGH BILATERAL INVESTMENT TREATIES: MORE THAN A BIT?
Jens Königer, HWWI
Co-Authors: Jens Koeniger, HWWI and Peter Nunnenkamp, IfW Kiel

 
  LABOUR TAXATION AND FOREIGN DIRECT INVESTMENT
Doina Radulescu, CES, University of Munich
Co-Author: Peter Egger, Muenchen LMU
 

15:00 - 16:30 INFORMATION AND UNCERTAINTY A (EEA)
Chairperson: Alberto Bennardo, University of Salerno
Room N29

  A SMALL WORLD WITH BROKERS: HETEROGENEOUS INFORMATION IN NETWORK FORMATION
Edoardo Gallo, University of Oxford - Nuffield College

 
  INDIFFERENT PUBLIC, PASSIONATE ADVOCATES, AND STRATEGIC MEDIA
Timofiy Mylovanov, University of Bonn
Co-Author: Ming Li, Concordia University

 
  SHARE TO SCARE: TECHNOLOGY SHARING INCENTIVES IN THE ABSENCE OF INTELLECTUAL PROPERTY RIGHTS
Jos Jansen, Max Planck Institute, Bonn
 

15:00 - 16:30 LABOR MARKET REGULATIONS II A (EEA)
Chairperson: Joao Cerejeira, NIPE - Universidade do Minho
Room N30

  EFFICIENCY WAGES AND THE ECONOMIC EFFECTS OF THE MINIMUM WAGE: EVIDENCE FROM A LOW-WAGE LABOUR MARKET
Andreas Georgiadis, CEP, LSE

 
  A FLYING START OR NO EFFECT? MATERNITY LEAVE AND CHILDREN'S LONG-TERM OUTCOMES.
Løken Katrine, University of Bergen
Co-Authors: Pedro Carneiro, Universiy College London and Kjell Gunnar Salvanes, Norwegian School of Economics and Business Administration

 
  THE EFFECTS OF MATERNITY LEAVE EXTENSION ON TRAINING FOR YOUNG WOMEN
Katja Sonderhof, University of Hannover
Co-Author: Patrick Puhani, University of Hannover
 

15:00 - 16:30 CONTRIBUTED SESSIONS 7A
ESEM: Theoretical and Applied Economics



15:00 - 16:30 MONETARY POLICY AND HETEROGENEITY (A) (ESEM TAE)
Chairperson: Andre Silva, Universidade Nova de Lisboa
Room A

  INDIVIDUAL AND AGGREGATE MONEY DEMANDS: THEORY AND AN APPLICATION TO THE WELFARE COST OF INFLATION
Andre Silva, Universidade Nova de Lisboa

 
  A SEARCH PHILLIPS CURVE. A GENERALISED SEARCH MODEL TO UNDERSTAND THE WAY ECONOMIC POLICIES SHAPE THE TRANSMISSION OF SHOCKS
Ekkehard Ernst, OECD, Economics Department

 
  CREDIT, MONEY, LIMITED PARTICIPATION AND WELFARE
Mariana Rojas Breu, Univesity of Paris X and University of Basel
 

15:00 - 16:30 FINANCIAL MARKETS: MICROSTRUCTURE(A) (ESEM TAE)
Chairperson: Mike Felgenhauer, Mannheim University
Room B

  INFORMATION SELLERS IN FINANCIAL MARKETS
Mike Felgenhauer, Mannheim University
Co-Author: Tri Vi Dang, Mannheim University

 
  INFORMATION AND HIGH FREQUENCY TRADING
Emiliano Pagnotta, Northwestern University, Dept of Economics

 
  INSIDER TRADING AND THE SECTION 16(A)
Andrea M. Buffa, London Business School
 

15:00 - 16:30 NETWORKS AND COMPETITION (A) (ESEM TAE)
Chairperson: Miguel A. Duran, University of Malaga
Room C

  FAVORITISM
Miguel A. Duran, University of Malaga
Co-Author: Antonio Morales, Universidad de Malaga

 
  STRATEGIC COMMUNICATION NETWORKS
Jeanne Hagenbach, University Paris 1 Pantheon-Sorbonne
Co-Author: Frederic Koessler, Paris School of Economics

 
  STRATEGIC INFORMATION ACQUISITION IN NETWORKED GROUPS WITH "INFORMATIONAL SPILLOVERS"
Antonio Jimenez-Martinez, Universidad de Guanajuato, School of Economics
 

15:00 - 16:30 BARGAINING(A) (ESEM TAE)
Chairperson: Harold Houba, Free University Amsterdam
Room D

  EXTREME EQUILIBRIA IN A GENERAL NEGOTIATION MODEL
Harold Houba, Free University Amsterdam
Co-Author: Quan Wen, Vanderbilt University

 
  A GRADUAL IMPLEMENTATION OF A TWO-PLAYER BAYESIAN BARGAINING PROBLEM
Frans Spinnewyn, Department Economics KULeuven

 
  DYNAMIC STABLE SET
Hannu Vartiainen, Turku School of Economics and Yrjö Jahnsson Foundation
 

15:00 - 16:30 REPEATED AND DYNAMIC GAMES (A) (ESEM TAE)
Chairperson: Tadashi Sekiguchi, Kyoto University
Room E

  OPTIMAL SHARING RULES IN REPEATED PARTNERSHIPS
Tadashi Sekiguchi, Kyoto University
Co-Authors: Hajime Kobayashi, Osaka Prefecture University and Katsunori Ohta, Wakayama University

 
  COOPERATION IN REPEATED PRISONERFS DILEMMA WITH OUTSIDE OPTIONS
Yosuke Yasuda, GRIPS
Co-Author: Takako Fujiwara-Greve, Keio University

 
  MARKOV PERFECT EQUILIBRIA IN LARGE STOCHASTIC GAMES
Hannu Salonen, University of Turku
 

15:00 - 16:30 BOUNDED RATIONALITY 2 (ESEM TAE)
Chairperson: Marco Mariotti, Queen Mary University of London
Room 11

  A MILLION ANSWERS TO TWENTY QUESTIONS: CHOOSING BY CHECKLIST
Marco Mariotti, Queen Mary University of London
Co-Authors: Michael Mandler, Royal Holloway University of London and Paola Manzini, Queen Mary, university of London

 
  BEHAVIORAL DECISIONS AND WELFARE
Patricio Dalton, University of Warwick
Co-Author: Sayantan Ghosal, University of Warwick

 
  PRODUCT PRICING WHEN DEMAND FOLLOWS A RULE OF THUMB
Christina Matzke, Bonn Graduate School of Economics, University of Bonn
Co-Author: Benedikt Wirth, BIGS, University of Bonn
 

15:00 - 16:30 ASSET PRICING 1 (ESEM TAE)
Chairperson: Christian Heyerdahl-Larsen, BI Norwegian School of Management
Room 12

  CORRELATIONS
Christian Heyerdahl-Larsen, BI Norwegian School of Management
Co-Author: Paul Ehling, BI Norwegian School of Management

 
  LIQUIDITY AND CONGESTION
Gara Minguez Afonso, LSE / Princeton University

 
  ON IRREVERSIBLE INVESTMENT AND DISCOUNTING: AN ARBITRAGE PRICING APPROACH
Jacco Thijssen, Trinity College Dublin
 

15:00 - 16:30 CONTRACTS AND ORGANISATION (ESEM TAE)
Chairperson: Abhinay Muthoo, Essex
Room 13

  CONTROL RIGHTS IN COMPLEX RELATIONSHIPS
Abhinay Muthoo, Essex

 
  INFORMATION GATHERING, DELEGATED CONTRACTING AND CORPORATE HIERARCHIES
Chongwoo Choe, Monash University
Co-Author: In-Uck Park, University of Bristol

 
  DEBT, EQUITY, AND INFORMATION
Matthias Bühlmaier, Vienna Graduate School of Finance
 

15:00 - 16:30 CONTRIBUTED SESSIONS 7A
ESEM: Econometrics and Empirical Economics



15:00 - 16:30 CRIME AND JUSTICE A (ESEM EEE)
Chairperson: Thierry Kamionka, CNRS and CREST
Room 15

  THE ECONOMIC COSTS OF COURT DECISIONS CONCERNING DISMISSALS IN JAPAN: IDENTIFICATION BY JUDGE TRANSFERS
Hiroko Okudaira, Graduate School of Economics, Osaka University

 
  DETERMINANTS OF DELAY IN LITIGATION: THEORY AND EVIDENCE
Jun Zhou, CentER, Tilburg University

 
  JUVENILE DELINQUENCY, DETERRENCE, AND CONFORMISM∗
Eleonora Patacchini, Università di Roma La sapienza
Co-Author: Yves Zenou, Research Institute of Industrial Economics
 

15:00 - 16:30 MONEY A (ESEM EEE)
Chairperson: Neil Ericsson, Federal Reserve Board
Room 21

  IDENTIFYING MONETARY POLICY SHOCKS IN A DATA-RICH ENVIRONMENT: A SIGN RESTRICTION APPROACH IN A BAYESIAN FACTOR-AUGMENTED VAR
Pooyan Amir Ahmadi, Humboldt University Berlin
Co-Author: Harald Uhlig, University of Chicago

 
  MONEY AND OUTPUT IN A NEW-KEYNESIAN FRAMEWORK: FURTHER EVIDENCE FOR THE U.S.
Efrem Castelnuovo, University of Padua

 
  WHAT HORIZON FOR TARGETING INFLATION?
Farooq Akram, Central Bank of Norway
 

15:00 - 16:30 CONDITIONAL HETEROSKEDASTICITY AND SKEWNESS A (ESEM EEE)
Chairperson: Jean-Michel ZAKOIAN, CREST and Université Lille 3
Room 22

  EXPLAINING THE INDEX SKEW VIA STOCHASTIC CORRELATION MODELS
Helmut Herwartz, Christian-Albrechts-University of Kiel
Co-Authors: Matthias R. Fengler, Sal. Oppenheim jr. \& Cie., Christian Menn, Sal. Oppenheim jr. \& Cie. and Christian Werner, Institute of Statistics and Econometrics, University of Kiel

 
  TESTING FOR CONDITIONAL HETEROSCEDASTICITY IN THE COMPONENTS OF INFLATION
Carmen Broto, BANCO DE ESPAÑA
Co-Author: Esther Ruiz, Universidad Carlos III

 
  MODELLING CONDITIONAL AND UNCONDITIONAL HETEROSKEDASTICITY WITH SMOOTHLY TIME-VARYING STRUCTURE
Cristina Amado, Stockholm School of Economics
Co-Author: Timo Teräsvirta, CREATES, University of Aarhus
 

15:00 - 16:30 INVERSE PROBLEMS A (ESEM EEE)
Chairperson: Olivier Scaillet, HEC Geneve and Swiss Finance Institute
Room 23

  NONPARAMETRIC ESTIMATION OF INSTRUMENTAL REGRESSION: A BAYESIAN APPROACH BASED ON REGULARIZED POSTERIOR
Anna Simoni, Toulouse School of Economics
Co-Author: Jean-Pierre Florens, Toulouse

 
  NONPARAMETRIC ESTIMATION IN FUNCTIONAL LINEAR MODEL WITH SECOND ORDER STATIONARY REGRESSORS.
Jan JOHANNES Johannes, University Heidelberg

 
  NONPARAMETRIC ESTIMATION IN RANDOM COEFFICIENTS BINARY CHOICE MODELS
Eric Gautier, ENSAE-CREST
Co-Author: Yuichi Kitamura, Cowles Foundation for Research in Economics, Yale University
 

15:00 - 16:30 SURVEY & MEASUREMENT A (ESEM EEE)
Chairperson: Franco Peracchi, Tor Vergata University
Room 24

  REGRESSION MODELS WITH MIXED SAMPLING FREQUENCIES
Elena Andreou, University of Cyprus
Co-Author: Eric Ghysels,

 
  MANIPULATION OF SOCIAL PROGRAM ELIGIBILITY: DETECTION, EXPLANATIONS, AND CONSEQUENCES FOR EMPIRICAL RESEARCH
Adriana Camacho, Universidad de los Andes
Co-Author: Emily Conover, Graduate Student UC Berkeley

 
  HEAPING AND LEAPING: SURVEY RESPONSE BEHAVIOUR AND THE DYNAMICS OF SELF-REPORTED CONSUMPTION EXPENDITURE
Pudney Stephen, ISER, University of Essex
 

15:00 - 16:30 LABOUR MARKETS A (ESEM EEE)
Chairperson: Giulio Zanella, University of SIena
Room 25

  TRADE SHOCKS AND LABOR ADJUSTMENT: A STRUCTURAL EMPIRICAL APPROACH
Erhan Artuc, Koc University
Co-Author: John McLaren, University of Virginia

 
  BUSINESS CYCLE COMOVEMENT AND LABOR MARKET INSTITUTIONS: AN EMPIRICAL INVESTIGATION
Lise Patureau, THEMA, University of Cergy-Pontoise, France
Co-Authors: Raquel Fonseca, RAND Corporation and Sopraseuth Thepthida, EPEE, CEPREMAP and PSE Jourdan, Departement d’Economie, Univ. d’Evry

 
  NON-MONOTONICITY IN THE LONGEVITY-INCOME-RELATIONSHIP
Stefan Hupfeld, University of Konstanz
 

15:00 - 16:30 CONSUMER BEHAVIOUR A (ESEM EEE)
Chairperson: John Muellbauer, Nuffield College, Oxford University
Room 31

  RISK AND RATIONALITY: UNCOVERING HETEROGENEITY IN PROBABILITY DISTORTION
Adrian Bruhin, Swiss Federal Institute of Technology Zurich
Co-Authors: Thomas Epper, Swiss Federal Institute of Technology Zurich and Helga Fehr-Duda, Swiss Federal Institute of Technology Zurich

 
  A HYBRID DISCRETE CHOICE MODEL OF DIFFERENTIATED PRODUCT DEMAND WITH AN APPLICATION TO PERSONAL COMPUTERS
Minjae Song, University of Rochester

 
  ESTIMATING HETEROGENEOUS COSTS OF PARTICIPATION IN THE RISKY ASSET MARKETS
Graciela Sanroman, UDELAR
 

15:00 - 16:30 TREATMENT EFFECTS AND PROGRAM EVALUATION A (ESEM EEE)
Chairperson: Myoung-jae Lee, Korea University
Room 32

  EXPLOITING INSTRUMENTAL VARIABLES IN CAUSAL INFERENCE WITH NONIGNORABLE OUTCOME NONRESPONSE USING PRINCIPAL STRATIFICATION
Fabrizia Mealli, Dipartimento di Statistica - Università di Firenze
Co-Author: Barbara Pacini, Dipartimento di Scienze Statistiche - Università di Bologna

 
  SENSITIVITY ANALYSIS OF THE UNCONFOUNDEDNESS ASSUMPTION: AN EVALUATION OF COLLEGE CHOICE EFFECTS ON INCOME
Mathias Lundin, Umeå University
Co-Author: Xavier de Luna, Umeå University

 
  IDENTIFICATION OF MINIMAL SETS OF COVARIATES FOR THE NON-PARAMETRIC ESTIMATION OF AN AVERAGE TREATMENT EFFECT
Ingeborg Waernbaum, Department of Statistics, Umeå University, Sweden
Co-Authors: Xavier de Luna, Umeå University and Thomas Richardson , Department of Statistics, University of Washington, Seattle
 

15:00 - 16:30 DYNAMIC PANEL DATA A (ESEM EEE)
Chairperson: Nicoletta Rosati, CEMAPRE and ISEG-Technical University of Lisbon
Room 33

  THE ASYMPTOTIC PROPERTIES OF THE SYSTEM GMM ESTIMATOR IN DYNAMIC PANEL DATA MODELS WHEN BOTH N AND T ARE LARGE
Kazuhiko Hayakawa, Hitotsubashi University

 
  STRENGTH AND WEAKNESS OF INSTRUMENTS IN IV AND GMM ESTIMATION OF DYNAMIC PANEL DATA MODELS
Jan Kiviet, University of Amsterdam

 
  A CORRECTION FUNCTION APPROACH TO SOLVE THE INCIDENTAL PARAMETER PROBLEM UNDER THE LINEAR DYNAMIC PANEL MODEL WITH FIXED EFFECT
Guangjie Li, University of Leicester
 

15:00 - 16:30 TESTING A (ESEM EEE)
Chairperson: Denis Pelletier, North Carolina State University
Room 34

  A DISTRIBUTION-FREE TEST FOR CHANGES IN THE DISTRIBUTION
Lorenzo Trapani, Cass Business School and University of Bergamo

 
  ASYMPTOTIC REFINEMENTS OF BOOTSTRAP TESTS IN A LINEAR REGRESSION MODEL; A PARAMETRIC BOOTSTRAP CHM USING THE FIRST FOUR MOMENTS OF THE RESIDUALS.
Pierre-Eric Treyens, GREQAM

 
  GENERALISED WALD TYPE TESTS OF NONLINEAR RESTRICTIONS
Zaka Ratsimalahelo, University of Franche-Comté, U.F.R. Science Economique
 

16:30 - 16:45 BREAK



16:45 - 17:45 CONTRIBUTED SESSIONS 7B
EEA



16:45 - 17:45 ASSET PRICING B (EEA)
Chairperson: Christian Mueller-Kademann, Zurich University of Applied Sciences
Room N10

  BUSINESS CONDITIONS, STOCK MARKET VOLATILITY, AND EXPECTED RETURN
Yunmi Kim, University of Washington
Co-Authors: Chang-Jin Kim, University of Washington and Charles Nelson, University of Washington

 
  RATIONALLY “IRRATIONAL”: THEORY AND EMPIRICAL EVIDENCE
Christian Mueller-Kademann, Zurich University of Applied Sciences
 

16:45 - 17:45 TWO-SIDED MARKETS B (EEA)
Chairperson: Jose Luis Moraga Gonzalez, University of Groningen
Room N11

  PRICING PAYMENT CARDS
Özlem Bedre, Toulouse School of Economics, GREMAQ
Co-Author: Emilio Calvano, TSE and Department of Economics, Harvard University.

 
  PLATFORM INTERMEDIATION IN A MARKET FOR DIFFERENTIATED PRODUCTS
Jose Luis Moraga Gonzalez, University of Groningen
Co-Author: Galeotti Andrea,
 

16:45 - 17:45 ECONOMICS OF EDUCATION B (EEA)
Chairperson: Erik Grönqvist, IFAU
Room N12

  DOES THE HOUSING MARKET REACT TO NEW INFORMATION ON SCHOOL QUALITY?
Jon H. Fiva, University of Oslo
Co-Author: Lars J. Kirkebøen, Statistics Norway

 
  ONE SIZE FITS ALL? THE EFFECTS OF TEACHER COGNITIVE AND NON-COGNITIVE ABILITIES ON STUDENT ACHIEVEMENT
Erik Grönqvist, IFAU
Co-Author: Jonas Vlachos, Stockholm University
 

16:45 - 17:45 EMPIRICAL ASPECTS OF INFLATION B (EEA)
Chairperson: Nihal Bayraktar, Penn State University
Room N13

  SOME PRELIMINARY EVIDENCE ON THE GLOBALIZATION-INFLATION NEXUS
Sophie Guilloux, Banque de France
Co-Author: Enisse Kharroubi, Banque de France

 
  CONTRACTING MODELS OF THE PHILLIPS CURVE EMPIRICAL ESTIMATES FOR MIDDLE-INCOME COUNTRIES
Nihal Bayraktar, Penn State University
Co-Author: Pierre-Richard Agenor, University of Manchester and Centre for Growth and Business Cycle Research
 

16:45 - 17:45 ENVIRONMENTAL ECONOMICS: POLITICS AND WELFARE B (EEA)
Chairperson: Manijeh Schwindt, University of Innsbruck, Austria; alpS - Centre of Natural Hazard Management, Ltd., Innsbruck, Austria
Room N14

  AID TO POOR RESOURCE-EXPORTING COUNTRIES: WHICH ROLE SHOULD BE PLAYED BY RESOURCE TAXATION?
Julien Daubanes, ETH Zürich (CER) and Toulouse SE (LERNA)
Co-Author: Ruxanda Berlinschi, Toulouse School of Economics - ARQADE

 
  AID, CATASTROPHES AND THE SAMARITAN`S DILEMMA - THE HUMANITARIAN WAY OF PAVING THE ROAD FOR THE APOCALYPTIC HORSEMEN?
Manijeh Schwindt, University of Innsbruck, Austria; alpS - Centre of Natural Hazard Management, Ltd., Innsbruck, Austria
Co-Author: Paul A. Raschky, The Wharton School, Risk Management and Decision Process Center, University of Pennsylvania, University of Innsbruck, Austria, alpS - Centre for Natural Hazard Management - Ltd., Innsbruck, Austria
 

16:45 - 17:45 EXCHANGE RATE REGIMES AND PASS THROUGH B (EEA)
Chairperson: Vladimir Sokolov, Higher School of Economics
Room N15

  OPTIMAL CHOICE OF EXCHANGE RATE REGIMES WITH LABOUR MARKET FRICTIONS
Ester Faia, University of rome at Tor Vergata

 
  LINKAGES BETWEEN EXCHANGE RATE POLICY AND MACROECONOMIC PERFORMANCE
Vladimir Sokolov, Higher School of Economics
Co-Authors: BJ Lee, University of Notre Dame and Nelson Mark, University of Notre Dame
 

16:45 - 17:45 EXPERIMENTAL GAME THEORY: COOPERATION AND RECIPROCITY B (EEA)
Chairperson: Friederike Mengel, University of Alicante
Room N16

  INFORMATION AND LEARNING IN OLIGOPOLY: AN EXPERIMENT
Maria Bigoni, IMT Institute for Advanced Studies Lucca

 
  MATCHING TECHNOLOGY AND THE CHOICE OF PUNISHMENT INSTITUTIONS IN A PRISONER'S DILEMMA GAME
Friederike Mengel, University of Alicante
Co-Author: Veronika Grimm, University of Cologne
 

16:45 - 17:45 FERTILITY I B (EEA)
Chairperson: Maurizio Conti, University of Genova
Room N17

  THE ROLE OF DIFFERENTIAL EDUCATION AND FERTILITY FOR THE ECONOMIC AND DEMOGRAPHIC TRANSITION
Uwe Sunde, University of St.Gallen
Co-Author: Matteo Cervellati, University of Bologna

 
  EMPLOYMENT PROTECTION AND FERTILITY: EVIDENCE FROM ITALY
Maurizio Conti, University of Genova
Co-Author: Enrico Sette, Bank of Italy
 

16:45 - 17:45 FISCAL POLICY RULES B (EEA)
Chairperson: Robert Vermeulen, University of Luxembourg
Room N18

  IS U.S. FISCAL POLICY OPTIMAL?
Luca Onorante, European Central Bank
Co-Authors: Nicola Giammarioli, european central bank and Luisa Lambertini, EPFL and Claremont McKenna College

 
  FISCAL POLICY AND MONETARY INTEGRATION IN EUROPE: AN UPDATE
Robert Vermeulen, University of Luxembourg
Co-Authors: BERTRAND CANDELON, University Maastricht and Joan Muysken, University Maastricht
 

16:45 - 17:45 HOUSING, LAND AND THE MACROECONOMY B (EEA)
Chairperson: Albert Saiz, University of Pennsylvania
Room N19

  DO HOUSE PRICES AFFECT CONSUMPTION AND WHY? A REPLICATION AND COMPARISON EXERCISE
Annalisa Cristini, University of Bergamo
Co-Author: Almudena Sevilla Sanz, University of Oxford

 
  ON LOCAL HOUSING SUPPLY ELASTICITY
Albert Saiz, University of Pennsylvania
 

16:45 - 17:45 INFLATION EXPECTATIONS B (EEA)
Chairperson: Michael Lamla, ETH Zurich
Room N20

  THE STICKINESS OF INFLATION PERCEPTIONS - SOME EVIDENCE FOR EUROPEAN COUNTRIES
Thomas Maag, KOF Swiss Economic Institute
Co-Author: Sarah Lein, ETH Zurich

 
  THE ROLE OF MEDIA FOR CONSUMERS' INFLATION EXPECTATION FORMATION
Michael Lamla, ETH Zurich
Co-Author: Sarah Lein, ETH Zurich
 

16:45 - 17:45 IO: INNOVATION B (EEA)
Chairperson: Philipp Weinschenk, Max Planck Institut for Research on Collective Goods
Room N21

  PATENT PROTECTION, TAKEOVERS, AND STARTUP INNOVATION: A DYNAMIC APPROACH
Andreas Panagopoulos, Lancaster University Management School
Co-Author: In-Uck Park, University of Bristol

 
  PERSISTENCE OF MONOPOLIES AND RESEARCH SPECIALIZATION
Philipp Weinschenk, Max Planck Institut for Research on Collective Goods
 

16:45 - 17:45 LABOR ADJUSTMENT: EXTENSIVE AND INTENSIVE MARGIN B (EEA)
Chairperson: Coralia Quintero Rojas, GAINS, Université du Maine
Room N22

  INTERNATIONAL COMPETITIVENESS, JOB CREATION AND JOB DESTRUCTION - AN ESTABLISHMENT LEVEL STUDY OF GERMAN JOB FLOWS
Christoph Moser, University of Mainz, Chair of International Economics
Co-Authors: Dieter Urban, University of Mainz and Beatrice Weder, University of Mainz, Chair of International Macroeconomics

 
  EXPLAINING THE EVOLUTION OF HOURS WORKED AND EMPLOYMENT ACROSS OECD COUNTRIES: AN EQUILIBRIUM SEARCH APPROACH
Coralia Quintero Rojas, GAINS, Université du Maine
Co-Author: Francois Langot, PSE-Jourdan, Cepremap, GAINS and IZA
 

16:45 - 17:45 HEALTH: PUBLIC POLICY B (EEA)
Chairperson: Eberhard Fees, University of Aachen
Room N23

  ROBUST DISTRIBUTIONALLY-SENSITIVE COMPARISONS OF POPULATION HEALTH
Jianwei Zhong, University of Ottawa
Co-Authors: Vicky Barham, University of Ottawa and Rose Anne Devlin, University of Ottawa

 
  REIMBURSEMENT SCHEMES FOR HOSPITALS: THEORY AND EVIDENCE FROM GERMANY
Eberhard Fees, University of Aachen
Co-Authors: Helge Mueller, RWTH Aachen University and Ansgar Wohlschlegel, RWTH Aachen University
 

16:45 - 17:45 HUMAN CAPITAL ACCUMULATION B (EEA)
Chairperson: Theophile T. Azomahou, UNU-MERIT, Maastricht University
Room N24

  AGE SPECIFIC DYNAMIC HUMAN CAPITAL INVESTMENT. THE ROLE OF SUPPLY AND DEMAND OF LABOR.
Alexia Fürnkranz-Prskawetz, Institute for Mathematical Methods in Economics, Research Unit Economics

 
  A CLOSER LOOK AT THE RELATIONSHIP BETWEEN LIFE EXPECTANCY AND ECONOMIC GROWTH
Theophile T. Azomahou, UNU-MERIT, Maastricht University
Co-Authors: Raouf Boucekkine, Université Catholique de Louvain and CORE and Bity DIENE, Universite Louis Pasteur, Strasbourg
 

16:45 - 17:45 BANKING: FAILURE AND FINANCIAL CRISIS B (EEA)
Chairperson: Hendrik Hakenes, University of Hannover
Room N25

  THE UNCERTAINTY CHANNEL OF CONTAGION
Friederike Koehler-Geib, Ludwig Maximilians University

 
  LOOTING AND GAMBLING IN BANKING CRISES
Hendrik Hakenes, University of Hannover
Co-Author: John H. Boyd, University of Minnesota
 

16:45 - 17:45 DEVELOPMENT B (EEA)
Chairperson: Raphael Auer, Swiss National Bank
Room N26

  DOES PROXIMITY MATTER MORE THAN WEALTH? NEIGHBOURHOOD AND REGIONAL GROWTH EFFECTS IN AFRICA
Alberto Behar, Centre for the Study of African Economies and Department of Economics, University of Oxford
Co-Author: Paul Collier, Centre for Study of African Economies, University of Oxford

 
  THE COLONIAL AND GEOGRAPHIC ORIGINS OF DEVELOPMENT
Raphael Auer, Swiss National Bank
 

16:45 - 17:45 MONETARY POLICY B (EEA)
Chairperson: Marcelle Chauvet, University of California Riverside
Room N27

  PRICE INDEXATION AND OPTIMAL SIMPLE RULES IN A MEDIUM SCALE NEW KEYNESIAN MODEL
Ascari Guido, University of Pavia
Co-Author: Branzoli Nicola, University of Pavia

 
  A RESOLUTION TO THE PRICE PUZZLE
Marcelle Chauvet, University of California Riverside
 

16:45 - 17:45 FDI AND THE MACROECONOMY B (EEA)
Chairperson: Caroline Paunov, Queen Mary, University of London
Room N28

  FDI IN OECD: SEPARATE EFFECTS FROM POLITICAL AND FISCAL VERTICAL DECENTRALIZATION
Margarita Kalamova, Social Science Research Center Berlin

 
  SERVICES FDI AND MANUFACTURING PRODUCTIVITY GROWTH: EVIDENCE FOR CHILE
Caroline Paunov, Queen Mary, University of London
Co-Author: Ana Margarida Fernandes, World Bank
 

16:45 - 17:45 INFORMATION AND UNCERTAINTY B (EEA)
Chairperson: Alberto Bennardo, University of Salerno
Room N29

  ERROR MULTIFUNCTIONS AND SELECTION PROCESSES
Debora Di Caprio, Free University of Bozen-Bolzano
Co-Author: Francisco Javier Santos-Arteaga, Free University of Bozen-Bolzano

 
  INFORMATION GATHERING, DISCLOSURE AND CONTRACTING IN COMPETITIVE MARKETS
Alberto Bennardo, University of Salerno
 

16:45 - 17:45 LABOR MARKET REGULATIONS II B (EEA)
Chairperson: Joao Cerejeira, NIPE - Universidade do Minho
Room N30

  YOUNG EMPLOYMENT, JOB-SKILL COMPOSITION AND MINIMUM WAGES: EVIDENCE FROM A "NATURAL EXPERIMENT"
Joao Cerejeira, NIPE - Universidade do Minho

 
  LABOR MARKET REGULATIONS AND THE INVESTMENT IN JOB TRAINING IN DEVELOPING COUNTRIES
rita almeida, the world bank, IZA
 

16:45 - 17:45 CONTRIBUTED SESSIONS 7B
ESEM: Theoretical and Applied Economics



16:45 - 17:45 MONETARY POLICY AND HETEROGENEITY (B) (ESEM TAE)
Chairperson: Xavier Ragot, Paris School of Economics
Room A

  MACROECONOMIC IMPLICATIONS OF THE DISTRIBUTION OF MONEY
Xavier Ragot, Paris School of Economics

 
  UNDERSTANDING "INSTABILITY" IN AGGREGATE MONEY DEMAND: AN APPROACH BASED ON A LIFE-CYCLE MODEL OF HOUSEHOLD PORTFOLIO CHOICE
Drew Saunders, Purdue University
 

16:45 - 17:45 CONTRACTS AND ORGANISATION (ESEM TAE)
Chairperson: Abhinay Muthoo, Essex
Room 11


16:45 - 17:45 FINANCIAL MARKETS: MICROSTRUCTURE(B) (ESEM TAE)
Chairperson: Tobias Bruenner, University of Freiburg
Room B

  DO PRICES IN THE UNMEDIATED CALL AUCTION REFLECT INSIDE INFORMATION? AN EXPERIMENTAL ANALYSIS
Tobias Bruenner, University of Freiburg

 
  ON INFORMATION ACQUISITION, NOISE TRADING, AND SPECULATION
Tri Vi Dang, Mannheim University
 

16:45 - 17:45 NETWORKS AND COMPETITION (B) (ESEM TAE)
Chairperson:
Room C


16:45 - 17:45 BARGAINING(B) (ESEM TAE)
Chairperson: Fernando Branco, The Catholic University of Portugal
Room D

  THE RUBINSTEIN BARGAINING GAME WITHOUT AN EXOGENOUS FIRST-MOVER
Fernando Branco, The Catholic University of Portugal

 
  COMPLEXITY CONSIDERATIONS IN PILLAGE GAMES
Colin Rowat, University of Birmingham
Co-Author: Manfred Kerber, University of Birmingham
 

16:45 - 17:45 REPEATED AND DYNAMIC GAMES (B) (ESEM TAE)
Chairperson: Nicolas Klein, Munich Graduate School of Economics
Room E

  NEGATIVELY CORRELATED BANDITS
Nicolas Klein, Munich Graduate School of Economics
Co-Author: Sven Rady, University of Munich

 
  OPTIMAL STOPPING UNDER AMBIGUITY
Frank Riedel, Bielefeld University
 

16:45 - 17:45 ECONOMIC THEORY 2 (ESEM TAE)
Chairperson:
Room 12


16:45 - 17:45 CONTRIBUTED SESSIONS 7B
ESEM: Econometrics and Empirical Economics



16:45 - 17:45 CRIME AND JUSTICE B (ESEM EEE)
Chairperson: Thierry Kamionka, CNRS and CREST
Room 15

  IS BEING ‘SOFT ON CRIME’ THE SOLUTION TO RISING CRIME RATES? EVIDENCE FROM GERMANY
Horst Entorf, Goethe University Frankfurt
Co-Author: Hannes Spengler, DIW, Berlin

 
  ASSESSING THE IMPACT OF TIME SERVED IN PRISON ON RECIDIVISM
Thierry Kamionka, CNRS and CREST
 

16:45 - 17:45 MONEY B (ESEM EEE)
Chairperson: Neil Ericsson, Federal Reserve Board
Room 21

  THE TAYLOR RULE UNDER INQUIRY: HIDDEN STATES
Rodrigo Bueno, Getulio Vargas Foundation and University of Chicago

 
  CONSTRUCTIVE DATA MINING: MODELING ARGENTINE BROAD MONEY DEMAND
Neil Ericsson, Federal Reserve Board
Co-Author: Steven Kamin, Federal Reserve Board
 

16:45 - 17:45 CONDITIONAL HETEROSKEDASTICITY AND SKEWNESS B (ESEM EEE)
Chairperson: Jean-Michel ZAKOIAN, CREST and Université Lille 3
Room 22

  MODELING AUTOREGRESSIVE CONDITIONAL SKEWNESS AND KURTOSIS WITH MULTI-QUANTILE CAVIAR
Tae-Hwan Kim, Yonsei University
Co-Authors: Simone Manganelli, European Central Bank, DG-Research and Halbert White, Department of Economics, University of California, San Diego

 
  INCONSISTENCY OF THE QMLE AND ASYMPTOTIC NORMALITY OF THE WEIGHTED LSE FOR A CLASS OF CONDITIONALLY HETEROSCEDASTIC MODELS.
Jean-Michel ZAKOIAN, CREST and Université Lille 3
Co-Author: Christian Francq, Université Lille 3
 

16:45 - 17:45 INVERSE PROBLEMS B (ESEM EEE)
Chairperson: Olivier Scaillet, HEC Geneve and Swiss Finance Institute
Room 23

  A UNIFIED APPROACH TO SOLVE ILL-POSED INVERSE PROBLEMS IN ECONOMETRICS
Anne Vanhems, University of Toulouse, GESCT
Co-Authors: Jan Johannes, University of Heidelberg and Sebastien Van Bellegem, Universite Catholique de Louvain

 
  NONPARAMETRIC INSTRUMENTAL VARIABLE ESTIMATION OF QUANTILE STRUCTURAL EFFECTS
Olivier Scaillet, HEC Geneve and Swiss Finance Institute
Co-Authors: Victor Chernozhukov, MIT and Patrick Gagliardini, University of Lugano and Swiss Finance Institute
 

16:45 - 17:45 SURVEY & MEASUREMENT B (ESEM EEE)
Chairperson: Franco Peracchi, Tor Vergata University
Room 24

  MODELING DATA REVISIONS: MEASUREMENT ERROR AND DYNAMICS OF “TRUE” VALUES
Simon van Norden, HEC Montréal
Co-Author: Jan Jacobs, University of Groningen

 
  ESTIMATING INCOME POVERTY IN THE PRESENCE OF MEASUREMENT ERROR AND MISSING DATA PROBLEMS
Franco Peracchi, Tor Vergata University
Co-Authors: Francesca Foliano, Tor Vergata University and Cheti Nicoletti, ISER, University of Essex
 

16:45 - 17:45 LABOUR MARKETS B (ESEM EEE)
Chairperson: Giulio Zanella, University of SIena
Room 25

  DETECTING DISCRIMINATION IN THE HIRING PROCESS: EVIDENCE FROM AN INTERNET-BASED SEARCH CHANNEL
Stefan Eriksson, Department of Economics, Uppsala University
Co-Author: Jonas Lagerström, IFAU

 
  LABOR SUPPLY ELASTICITIES: CAN MICRO BE MISLEADING FOR MACRO?
Giulio Zanella, University of SIena
Co-Author: Fiorito Riccardo, University of Siena
 

16:45 - 17:45 CONSUMER BEHAVIOUR B (ESEM EEE)
Chairperson: John Muellbauer, Nuffield College, Oxford University
Room 31

  HOUSEHOLD EXTERNAL FINANCE AND CONSUMPTION
Neil Meads, Bank of England
Co-Authors: Tim Besley, Bank of England and LSE and Paolo Surico, Bank of England

 
  HOUSING WEALTH, CREDIT CONDITIONS AND UK CONSUMPTION
John Muellbauer, Nuffield College, Oxford University
Co-Authors: Janine Aron, DEPARTMENT ECONOMICS, OXFORD and Anthony Murphy, Oxford University
 

16:45 - 17:45 TREATMENT EFFECTS AND PROGRAM EVALUATION B (ESEM EEE)
Chairperson: Myoung-jae Lee, Korea University
Room 32

  INDEPENDENCE AND CONDITIONAL INDEPENDENCE IN CAUSAL SYSTEMS
Karim Chalak, Boston College
Co-Author: Halbert White, Department of Economics, University of California, San Diego

 
  NONPARAMETRIC TESTS FOR DISTRIBUTIONAL TREATMENT EFFECT FOR RANDOMLY CENSORED RESPONSES
Myoung-jae Lee, Korea University
 

16:45 - 17:45 DYNAMIC PANEL DATA B (ESEM EEE)
Chairperson: Nicoletta Rosati, CEMAPRE and ISEG-Technical University of Lisbon
Room 33

  EFFICIENT ESTIMATION OF NON-LINEAR DYNAMIC PANEL DATA MODELS WITH APPLICATION TO SMOOTH TRANSITION MODELS
Allan Wurtz, University of Aarhus
Co-Authors: Tue Gorgens, and Chris Skeels,

 
  INDEPENDENCE, IDENTICAL DISTRIBUTION AND STATIONARITY IN A HANDBALL MATCH. EVIDENCE FROM A DYNAMIC PANEL DATA MODEL WITH TIME VARYING PARAMETERS.
Nicoletta Rosati, CEMAPRE and ISEG-Technical University of Lisbon
Co-Authors: Montezuma Dumangane, CEMAPRE and ISEG, UTL and Anna Volossovitch, FMH-UTL
 

16:45 - 17:45 ECONOMETRICS II (ESEM EEE)
Chairperson:
Room 13


16:45 - 17:45 TESTING B (ESEM EEE)
Chairperson: Denis Pelletier, North Carolina State University
Room 34

  NON-NESTED TESTS BASED ON THE COMPREHENSIVE APPROACH FOR MODELS DEFINED THROUGH MOMENT RESTRICTIONS
Paulo Parente, Faculty of Economics and Business, Universiteit van Amsterdam

 
  NON-NESTED TESTING IN MODELS ESTIMATED VIA GENERALIZED METHOD OF MOMENTS
Denis Pelletier, North Carolina State University
Co-Author: Alastair R. Hall,
 

17:45 - 18:15 COFFEE BREAK



18:15 - 19:30 EEA PRESIDENTIAL ADDRESS



18:15 - 19:30 EEA PRESIDENTIAL ADDRESS (EEA)
Chairperson: Ernst Fehr, University of Zurich
Room Magna

  THE ECONOMICS AND BIOLOGY OF TRUST
Ernst Fehr, University of Zurich
 

The Congress Programme is subject to last minute changes.

This version of the Programme was viewed at 12/07/2008 20:02:06 at http://www.eea-esem.com/EEA-ESEM/2008/Prog/print_day.asp?day=4


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