EEA-ESEM 2008 Milan: Congress Programme Thursday August 28

The Congress Programme is subject to last minute changes.

This version of the Programme was viewed at 12/07/2008 20:00:59

THURSDAY 28 AUGUST 2008

DAY OVERVIEW
09:00 - 11:00 INVITED SESSIONS 1
11:00 - 11:30 COFFEE BREAK
11:30 - 13:30 CONTRIBUTED SESSIONS 2 EEA
CONTRIBUTED SESSIONS 2 ESEM: TAE
CONTRIBUTED SESSIONS 2 ESEM: EEE
13:30 - 15:00 LUNCH BREAK
15:00 - 16:30 CONTRIBUTED SESSIONS 3A EEA
CONTRIBUTED SESSIONS 3A ESEM: TAE
CONTRIBUTED SESSIONS 3A ESEM: EEE
16:30 - 16:45 BREAK
16:45 - 17:45 CONTRIBUTED SESSIONS 3B EEA
CONTRIBUTED SESSIONS 3B ESEM: TAE
CONTRIBUTED SESSIONS 3B ESEM: EEE
17:45 - 18:15 COFFEE BREAK
18:15 - 19:30 ES PRESIDENTIAL ADDRESS

09:00 - 11:00 INVITED SESSIONS 1
EEA

09:00 - 11:00 LIMITED COGNITION, STRATEGIC THINKING, AND LEARNING (EEA)
Chairperson: Vincent Crawford, UCSD
Room Zappa
  LEVEL-K/COGNITIVE HIERARCHY VERSUS QUANTAL RESPONSE EQUILIBRIUM MODELS OF STRATEGIC THINKING IN GUESSING AND COORDINATION GAMES
Vincent Crawford, UCSD
Co-Authors: Miguel Costa-Gomes, and Nagore Iriberri, Universitat Pompeu Fabra

  
  BEHAVIORALLY OPTIMAL AUCTION DESIGN
Vincent Crawford, UCSD
Co-Authors: Tamar Kugler, , Zvika Neeman, Boston University, Tel-Aviv University and Ady Pauzner,

 
  EYETRACKING MEASURES OF PAYOFF ATTENTION AND LEARNING IN GAMES
Colin Camerer, California Institute of Technology
Co-Authors: Dan Knoepfle, and Joseph Wang,
 
09:00 - 11:00 USING THE MEDIA FOR ECONOMIC DEVELOPMENT (EEA)
Chairperson: Eliana La Ferrara, University of Bocconi, IGIER
Room 1
  GETTING PRICES RIGHT: THE IMPACT OF THE MARKET INFORMATION SYSTEM IN UGANDA
Jakob Svensson, Stockholm University
Co-Author: David Yanagizawa, Stockholm University

  
  TELEVISION AND THE DEMAND FOR EDUCATION: EVIDENCE FROM BRAZILIAN NOVELAS
Eliana La Ferrara, University of Bocconi, IGIER
Co-Authors: Alberto Chong, Inter-American Development Bank and Suzanne Duryea, Inter-American Development Bank

  
  U.S. HEGEMONY AFTER THE COLD WAR: EMPIRICAL EVIDENCE OF ITS EFFECTS ON DEVELOPING COUNTRIES
Nancy Qian, Brown University
Co-Author: David Yanagizawa, Stockholm University
  
09:00 - 11:00 INFORMATION AND BEHAVIORAL CONSUMER MODELS (EEA)
Chairperson: Paul Heidhues, University of Bonn
Room 202
  CURSED EQUILIBRIUM AND PUBLIC INFORMATION
Erik Eyster, LSE
Co-Author: Matthew Rabin, University of California, Berkeley

  
  INATTENTIVE CONSUMERS AND PRODUCT QUALITY
Mark Armstrong, UCL

  
  FUTILE ATTEMPTS AT SELF-CONTROL
Paul Heidhues, University of Bonn
Co-Author: Botond Köszegi, University of California, Berkeley
  
09:00 - 11:00 NEUROECONOMICS (EEA)
Chairperson: Antonio Rangel, California Institute of Technology
Room Perego
  THE ROLE OF VISUAL ATTENTION IN SIMPLE ECONOMIC CHOICE
Antonio Rangel, California Institute of Technology

  
  HERITABILITY AND OVERCONFIDENCE
Magnus Johannesson, SSE
Co-Authors: David Cesarini, MIT, Paul Lichtenstein, Karolinska Institutet and Björn Wallace, SSE

  
  INTERTEMPORAL CHOICE: USING RESPONSE TIMES TO MEASURE PREFERENCES
David Laibson, Harvard University
Co-Authors: Christopher Chabris, Harvard University, Schuldt Jonathon, University of Michigan, Carrie Morris, and Dmitry Taubinsky,
 
09:00 - 11:00 PANEL SESSION ON GLOBAL WARMING (EEA)
Chairperson: Armin Schmutzler, University of Zurich
Discussants: Christian Gollier, Toulouse School of Economics (LERNA and EIF), Hans-Werner Sinn, Center for Economic Studies CES, University of Munich and Nicholas Stern, London School of Economics and Political Sciences
Room Maggiore
09:00 - 11:00 INVITED SESSIONS 1
ESEM: Theoretical and Applied Economics

09:00 - 11:00 LABOUR MARKETS (ESEM TAE)
Chairperson:
Room Notari
  JOB LADDERS AND THE BUSINESS CYCLE: NEW EVIDENCE AND A NEW HYPOTHESIS ON LABOR MARKET FLUCTUATIONS
Giuseppe Moscarini, Yale

  
  LABOUR MARKETS
Christopher Pissarides, LSE
  
09:00 - 11:00 INVITED SESSIONS 1
ESEM: Econometrics and Empirical Economics

09:00 - 11:00 ECONOMETRIC THEORY (ESEM EEE)
Chairperson: Richard J. Smith, Cambridge
Room Manfredini
  INFERENCE ON SETS IN FINANCE
Victor Chernozhukov, MIT

  
  DISTRIBUTION-FREE TESTS FOR TIME SERIES MODEL SPECIFICATION
Miguel Delgado, UC3Madrid
  
11:00 - 11:30 COFFEE BREAK

11:30 - 13:30 CONTRIBUTED SESSIONS 2
EEA

11:30 - 13:30 MICROSTRUCTURE OF FINANCIAL MARKETS (EEA)
Chairperson: Magdalena Malinowska, University Cologne
Room N10
  STOCK EXCHANGE MERGER AND LIQUIDITY: EVIDENCE FROM THE EURONEXT MERGER
Ulf Nielsson, Ph.D. candidate

  
  DETERMINANTS OF THE BID-ASK SPREAD AND THE ROLE OF DESIGNATED SPONSORS: EVIDENCE FOR XETRA
Jördis Klar, Universität Bonn
Co-Author: Inga van den Bongard, University of Bonn

  
  LIQUIDITY IN REAL ASSET MARKETS
Alessandro Gavazza, Yale University

  
  PRICE AND VOLUME RESPONSE TO PUBLIC INFORMATION
Magdalena Malinowska, University Cologne
  
11:30 - 13:30 DEVELOPMENT: INEQUALITY AND OCCUPATIONAL CHOICE (EEA)
Chairperson: Philipp Koellinger, Erasmus University Rotterdam
Room N11
  THE IMPACT OF RISK ATTITUDES ON ENTREPRENEURIAL SURVIVAL
Marco Caliendo, IZA
Co-Authors: Frank Fossen, DIW Berlin and Alexander S. Kritikos, hanseatic University Rostock

  
  SECTORAL DIFFERENTIATION, ALLOCATION OF TALENT, AND FINANCIAL DEVELOPMENT
Esteban Jaimovich, Collegio Carlo Alberto

  
  SOCIAL NETWORK CAPITAL, ECONOMIC MOBILITY AND POVERTY TRAPS
Sommarat Chantarat, Department of Economics, Cornell University
Co-Author: Christopher B. Barrett, Department of Applied Economics and Management, Cornell University

  
  SEEING THE WORLD WITH DIFFERENT EYES: GENDER DIFFERENCES IN PERCEPTIONS AND NEW BUSINESS CREATION
Philipp Koellinger, Erasmus University Rotterdam
Co-Authors: Maria Minniti, Southern Methodist University and Christian Schade, Humboldt-Universität zu Berlin
 
11:30 - 13:30 EFFECTS OF THE OIL PRICE (EEA)
Chairperson: Gert Peersman, Ghent University
Room N12
  OIL SHOCKS & EXTERNAL BALANCES
Nikola Spatafora, IMF, Research Dept
Co-Authors: Kilian Lutz, University of Michigan and Alessandro Rebucci, IMF, Research Dept

  
  OPTIMAL PASS-THROUGH OF OIL PRICES
Hafedh Bouakez, HEC Montreal
Co-Authors: Nooman Rebei, and Désiré Vencatachellum,

 
  OIL AND THE GREAT MODERATION
Anton Nakov, Banco de España
Co-Author: Andrea Pescatori, Federal Reserve Bank of Cleveland

  
  TIME-VARYING EFFECTS OF OIL SUPPLY SHOCKS ON THE US ECONOMY
Gert Peersman, Ghent University
Co-Author: Christiane Baumeister, Ghent University
  
11:30 - 13:30 FOREIGN INVESTMENT (EEA)
Chairperson: Stephen Tokarick, International Monetary Fund
Room N13
  STAY AT HOME OR GO ABROAD? THE IMPACT OF THE FISCAL AND LEGAL ENVIRONMENT ON THE GEOGRAPHY OF PRIVATE EQUITY TRANSACTIONS
Andrea Schertler, Kiel University
Co-Author: Tereza Tykvova, ZEW Mannheim

  
  INDUSTRY SIMILARITIES, COMPARATIVE ADVANTAGE AND UPSCALE OPPORTUNITIES FOR PORTUGAL IN THE PROCESS OF STRUCTURAL TRANSFORMATION: AN EMPIRICAL ASSESSMENT BASED ON 2005 TRADE DATA
Miguel Lebre Freitas, NIPE and Susana Salvado, Universidade Nova de Lisboa - Faculdade de Economia

  
  IS IMF SURVEILLANCE BIASED?
Julien Reynaud, European Central Bank
Co-Author: Marcel Fratzscher, European Central Bank

  
  SHOULD DEVELOPING COUNTRIES WORRY ABOUT IMMISERIZING GROWTH?
Stephen Tokarick, International Monetary Fund
  
11:30 - 13:30 AGING (EEA)
Chairperson: Frederic Vermeulen, Tilburg University
Room N14
  CHILD CARE COSTS AND FERTILITY
Anna Sjögren, IFN
Co-Authors: Eva Mörk, IFAU and Helena Svaleryd, Research Institute of Industrial Economics

  
  DOES AGING INFLUENCE SECTORAL EMPLOYMENT SHARES? EVIDENCE FROM PANEL DATA
Ulrich Thiessen, German Institute for Economic Research
Co-Authors: Konstantin Alexander Kholodilin, German Institute for Economic Research and Boriss Siliverstovs, German Institute for Economic Research

  
  HEALTHY, WEALTHY AND WISE? THE IMPACT OF THE OLD AGE ASSISTANCE PROGRAM ON ELDERLY MORTALITY IN THE UNITED STATES
Andreea Balan Cohen, Tufts University

  
  ECONOMIC WELL-BEING AND POVERTY AMONG THE ELDERLY: AN ANALYSIS BASED ON A COLLECTIVE CONSUMPTION MODEL
Frederic Vermeulen, Tilburg University
Co-Authors: Laurens Cherchye, University of Leuven and Bram De Rock, Université Libre de Bruxelles
  
11:30 - 13:30 AUCTIONS: APPLIED (EEA)
Chairperson: Radosveta Ivanova-Stenzel, Humboldt Univesity Berlin
Room N15
  AN AUCTION MARKET FOR JOURNAL ARTICLES
Jens Prüfer, Tilburg University
Co-Author: David Zetland, University of California, Davis

  
  WHEN THE HIGHEST BIDDER LOSES THE AUCTION: THEORY AND EVIDENCE FROM PUBLIC PROCUREMENT
Francesco Decarolis, The University of Chicago

  
  DOES BIDDING FOR MULTI-ATTRIBUTE GOODS REFLECT ALL AVAILABLE INFORMATION? - FIELD EVIDENCE FROM ONLINE GAMING
Arno Schmoeller, University of Munich, Munich Graduate School of Economics
Co-Author: Florian Englmaier, University of Munich

  
  BRINGING THE FIELD INTO THE LAB – THE BUY-IT-NOW OPTION IN EBAY AUCTIONS
Radosveta Ivanova-Stenzel, Humboldt Univesity Berlin
Co-Authors: Tim Grebe, Humboldt University Berlin and Sabine Kröger, Université Laval
  
11:30 - 13:30 BANKING: EMPIRICS (EEA)
Chairperson: Jozsef Molnar, Ente Einaudi
Room N16
  CREDIT RATINGS AND BANK MONITORING ABILITY
Leonard Nakamura, Federal Reserve Bank of Philadelphia
Co-Author: Kasper Roszbach, Sveriges Riksbank

  
  THE LONG RUN INTERMEDIATION EFFICIENCY OF SWISS BANKS, 1906-2005
Dirk Drechsel, University of Zurich

  
  THE PARADOX OF LIQUID LOANS
Rhiannon Sowerbutts, Universitat Pompeu Fabra
Co-Author: Nada Mora, Bank of England

  
  "MARKET POWER AND MERGER SIMULATION IN RETAIL BANKING,"
Jozsef Molnar, Ente Einaudi
  
11:30 - 13:30 CONSUMER BEHAVIOR: PREFERENCES AND BOUNDED RATIONALITY (EEA)
Chairperson: Holger Strulik, University of Hannover
Room N17
  CLUELESS? THE IMPACT OF TELEVISION ON CONSUMPTION BEHAVIOR
Leonardo Bursztyn, Harvard University
Co-Author: Davide Cantoni, Harvard University

  
  CUE-TRIGGERED ADDICTION AND NATURAL RECOVERY
Silvia Tiezzi, Department of Economics, University of Siena
Co-Author: Chiara Mocenni, University of Siena

  
  DO RISK ATTITUDE AND DIVERSIFICATION MATCH? EVIDENCE FROM GERMAN HOUSEHOLD PORTFOLIOS.
Nataliya Barasinska, DIW Berlin
Co-Authors: Dorothea Schaefer, DIW Berlin and Andreas Stephan, Jönköping International Business School, DIW Berlin, CESIS Stockholm

  
  COMPARING CONSUMPTION: A CURSE OR A BLESSING?
Holger Strulik, University of Hannover
  
11:30 - 13:30 CRIME I (EEA)
Chairperson: Randall Akee, Institute for the Study of Labor (IZA)
Room N18
  LIKE GODFATHER, LIKE SON: EXPLAINING THE INTERGENERATIONAL NATURE OF CRIME
Matthew Lindquist,
Co-Author: Randi Hjalmarsson, University of Maryland

  
  DO SURVEILLANCE CAMERAS AFFECT UNRULY BEHAVIOR? A CLOSE LOOK AT GRANDSTANDS
Mikael Priks, IIES, Stockholm University

  
  THE INCAPACITATION EFFECT OF INCARCERATION: EVIDENCE FROM SEVERAL ITALIAN COLLECTIVE PARDONS
Giovanni Mastrobuoni, Collegio Carlo Alberto and CeRP
Co-Author: Alessandro Barbarino, Research and Statistics, Federal Reserve Board

  
  EDUCATIONAL ATTAINMENT, CRIMINALITY AND CASINO PAYMENTS: YOUNG ADULT OUTCOMES FROM A QUASI-EXPERIMENT IN INDIAN COUNTRY
Randall Akee, Institute for the Study of Labor (IZA)
  
11:30 - 13:30 DEVELOPMENT: HEALTH AND DEMOGRAPHIC TRANSITION (EEA)
Chairperson: Martin Werding, Ifo Institute for Economic Research
Room N19
  MALARIA AND PRIMARY EDUCATION : A CROSS-COUNTRY ANALYSIS ON PRIMARY REPETITION AND COMPLETION RATES
Josselin Thuilliez, CES-TEAM Université Paris 1Panthéon Sorbonne

  
  AGGREGATE EFFECTS OF AIDS ON DEVELOPMENT
Raul Santaeulalia-Llopis, University of Pennsylvania

  
  AGEING AND PRODUCTIVITY GROWTH: ARE THERE MACRO-LEVEL COHORT EFFECTS OF HUMAN CAPITAL?
Martin Werding, Ifo Institute for Economic Research

  
  DISEASES AND DEVELOPMENT:A THEORY OF INFECTION DYNAMICS AND ECONOMIC BEHAVIOR
Fidel Perez-Sebastian, Universidad of Alicante
Co-Authors: Shankha Chakraborty, University of Oregon and Chris Papageorgiou, IMF, Research
  
11:30 - 13:30 ECONOMIC HISTORY I (EEA)
Chairperson: Franco Peracchi, Tor Vergata University
Room N20
  FROM BAGHDAD TO LONDON THE DYNAMICS OF URBAN GROWTH IN EUROPE AND THE ARAB WORLD, 800-1800
Maarten Bosker, Utrecht University
Co-Authors: Eltjo Buringh, independent scientist and Jan Luiten van Zanden, Utrecht University

  
  GLOBAL TRENDS IN NUMERACY 1820-1949 AND ITS IMPLICATIONS FOR LONG-RUN GROWTH
Joerg Baten, Tuebingen University
Co-Author: Dorothee Crayen, Tuebingen University

  
  CLIMATE, SCHOOLING, AND GROWTH
Jacques Sadik, Hebrew University Jerusalem

  
  HEIGHT AND THE NORMAL DISTRIBUTION: EVIDENCE FROM ITALIAN MILITARY DATA
Franco Peracchi, Tor Vergata University
Co-Authors: A'Hearn Brian, Franklin & Marshall College and Giovanni Vecchi, Tor Vergata University
  
11:30 - 13:30 ECONOMICS OF THE HOUSEHOLD, DEMOGRAPHY AND GENDER (EEA)
Chairperson: Sonia Oreffice, City College of New York- CUNY
Room N21
  TOTAL WORK, GENDER AND SOCIAL NORMS
Michael Burda, Humboldt-University Berlin
Co-Authors: Daniel Hamermesh, University of Texas Austin and Philppe Weil, Universite Libre de Bruxeslles

  
  THE DIVISION OF LABOUR WITHIN THE HOUSEHOLD: IS THERE ANY ESCAPE FROM TRADITIONAL GENDER ROLES?
Sayyid Salman Rizavi, University Paris 1
Co-Author: Catherine Sofer, University Paris 1

  
  EMPLOYMENT RISK AND HOUSEHOLD FORMATION: EVIDENCE FROM DIFFERENCES IN FIRING COSTS
Ernesto Villanueva, Banco de España
Co-Author: Mario García-Ferreira, NERA

  
  QUALITY OF AVAILABLE MATES, EDUCATION AND HOUSEHOLD LABOR SUPPLY
Sonia Oreffice, City College of New York- CUNY
Co-Author: Brighita Negrusa, Nera Economic Consulting
  
11:30 - 13:30 FIELD EXPERIMENTS (EEA)
Chairperson: Pedro Vicente, University of Oxford
Room N22
  DISCERNING TRUSTWORTHINESS: OBSERVER PREDICTIONS IN A HIGH STAKES PRISONER'S DILEMMA
Jeroen Van de Ven, University of Amsterdam
Co-Authors: Michele Belot, University of Essex and Venkataraman Bhaskar, University College London

  
  TELLING THE TRUTH MAY NOT PAY OFF: AN EMPIRICAL STUDY OF CENTRALISED UNIVERSITY ADMISSIONS IN GERMANY
Sebastian Braun, Humboldt University of Berlin
Co-Authors: Nadja Dwenger, German Institute of Economic Research (DIW) and Dorothea Kübler, Technical University of Berlin

  
  RISK TAKING IN AND AFTER TOURNAMENTS: EVIDENCE FROM A NATURAL EXPERIMENT
Ganna Pogrebna, Columbia University
Co-Author: Pavlo Blavatskyy, University of Zurich (IEW)

  
  VOTES AND VIOLENCE: EXPERIMENTAL EVIDENCE FROM A NIGERIAN ELECTION
Pedro Vicente, University of Oxford
Co-Author: Paul Collier, Centre for Study of African Economies, University of Oxford
  
11:30 - 13:30 FISCAL POLICY AND GROWTH (EEA)
Chairperson: Olaf Posch, University of Aarhus
Room N23
  CYCLICALLY NEUTRAL GENERATIONAL ACCOUNTING
Holger Bonin, ZEW Mannheim

  
  GOVERNMENT EXPENDITURE AND ECONOMIC GRWTH IN THE EU: LONG-RUN TENDENCIES AND SHORT-TERM ADJUSTMENT
Alfonso Arpaia, EU Commission
Co-Author: Alessandro Turrini, European Commission

  
  REVISITING THE RELATION BETWEEN GOVERNMENT SIZE AND GROWTH IN RICH COUNTRIES: ACCOUNTING FOR INSTITUTIONS, ENDOGENEITY AND RECENT DATA
Andreas Bergh, Ratio & Lund university
Co-Author: Martin Karlsson, Oxford

  
  EXPLAINING OUTPUT VOLATILITY: THE CASE OF TAXATION
Olaf Posch, University of Aarhus
  
11:30 - 13:30 GOVERNMENT PORTFOLIO MANAGEMENT (EEA)
Chairperson: Elisa Faraglia, London Business School
Room N24
  A COMPARISON OF DEBT AND PRIMARY-DEFICIT CONSTRAINTS
Marcos Poplawski Ribeiro, CEPII, University of Amsterdam
Co-Authors: Roel Beetsma, University of Amsterdam and Andreas Schabert, University of Dortmund

  
  TAX SMOOTHING, LEARNING AND DEBT VOLATILITY
Francesco Caprioli, UPF

  
  OPTIMAL TAXATION WITH FINANCIAL INSTRUMENTS IN A SMALL OPEN ECONOMY
José-Miguel Cardoso-Costa, Universidade Nova de Lisboa, Faculdade de Economia

  
  IN SEARCH OF THEORY OF DEBT MANAGEMENT
Elisa Faraglia, London Business School
Co-Authors: albert marcet, Institut d’Analisi Economica, UAB and Andrew Scott, london business school
  
11:30 - 13:30 TRADE POLICY AND CAPITAL FLOWS (EEA)
Chairperson: Andre Silva, Universidade Nova de Lisboa
Room N25
  FINANCIAL DEVELOPMENT AND INTERNATIONAL CAPITAL FLOWS
Haiping Zhang, School of Economics, Singapore Management University
Co-Author: Jürgen von Hagen, Institute for International Economics, University of Bonn

  
  ECONOMIC IMPACT OF EUROPEAN MEASURES ON GENETICALLY MODIFIED ORGANISMS
Anne-Célia Disdier, INRA
Co-Author: Lionel Fontagné, PSE, Université Paris 1 and CEPII

  
  A WAVE OF PROTECTIONISM? AN ANALYSIS OF ECONOMIC AND POLITICAL CONSIDERATIONS
Philipp Maier, Bank of Canada

  
  MANAGERIAL ABILITY AND CAPITAL FLOWS
Andre Silva, Universidade Nova de Lisboa
  
11:30 - 13:30 INTERNATIONAL TRADE AND FIRM HETEROGENEITY (EEA)
Chairperson: Jörn Kleinert, University of Tübingen
Room N26
  FIRM HETEROGENEITY AND COMPARATIVE ADVANTAGE: EVIDENCE ON FRENCH FIRM'S RESPONSE TO THE ENTRY OF TURKEY IN THE EUROPEAN CUSTOMS UNION
ines buono, Universitat Pompeu Fabra

  
  TRADE LIBERALISATION, HETEROGENEOUS FIRMS AND ENDOGENOUS INVESTMENT
Gonzague Vannoorenberghe, University of Mannheim

  
  DO FALLING ICEBERG COSTS EXPLAIN RECENT US EXPORT GROWTH?
George Alessandria, Federal Reserve Bank of Philadelphia
Co-Author: Horag Choi, University of Auckland

  
  DISTANCE COSTS AND MULTINATIONALS' FOREIGN ACTIVITIES
Jörn Kleinert, University of Tübingen
  
11:30 - 13:30 MIGRATION: MACROECONOMICS (EEA)
Chairperson: Farid Toubal, Paris School of Economics, University of Paris 1, Panthéon Sorbonne
Room N27
  INTERNATIONAL MOBILITY OF THE HIGHLY SKILLED, ENDOGENOUS R&D, AND PUBLIC INFRASTRUCTURE INVESTMENT
David Stadelmann, University of Fribourg
Co-Author: Volker Grossmann, University of Fribourg

  
  IMMIGRATION AND PRICES IN THE UK
Tommaso Frattini, University College London

  
  HOW MARKET STRUCTURE EXPLAINS THE LINK BETWEEN MIGRATION AND TRADE? CLARIFYING THE ROLE OF COSTS AND PREFERENCES 
Silvio Tai, Paris School of Economics

  
  REVISITING THE TRADE-MIGRATION NEXUS: EVIDENCE FROM NEW OECD DATA
Farid Toubal, Paris School of Economics, University of Paris 1, Panthéon Sorbonne
Co-Author: Gabriel Felbermayr, University of Tübingen
  
11:30 - 13:30 EMPIRICAL IO: PRICING (EEA)
Chairperson: Gerard H. Kuper, University of Groningen
Room N28
  WHEN DO FIRMS ADJUST PRICES? EVIDENCE FROM MICRO PANEL DATA
Sarah Lein-Rupprecht, ETH Zurich

  
  ON THE EFFECTS OF ADVISORY PRICES IN GASOLINE MARKETS
Riemer Faber, Erasmus University Rotterdam
Co-Author: Maarten Janssen, University of Vienna, Erasmus University

  
  THE IMPACT OF PRICE DISCRIMINATION ON REVENUE: EVIDENCE FROM THE CONCERT INDUSTRY
Mario Pagliero, Università di Torino and Collegio Carlo Alberto
Co-Author: Pascal Courty, European University Institute

  
  VOLATILITY, INVENTORIES AND ASYMMETRIC GASOLINE PRICE DYNAMICS
Gerard H. Kuper, University of Groningen
  
11:30 - 13:30 SUBJECTIVE WELL-BEING (EEA)
Chairperson: Rainer Winkelmann, University of Zurich
Room N29
  GENDER AND REGIONAL DIFFERENCES IN SELF-RATED HEALTH IN EUROPE
Claudio Rossetti, University of Rome "Tor Vergata"
Co-Author: Franco Peracchi, Tor Vergata University

  
  YOU'RE FIRED! THE CAUSAL NEGATIVE EFFECT OF UNEMPLOYMENT ON LIFE SATISFACTION
Sonja Kassenboehmer, RWI Essen and Ruhr-University of Bochum
Co-Author: John Haisken-DeNew, RWI Essen

  
  HERESY OR ENLIGHTENMENT? THE WELLBEING AGE U-SHAPE EFFECT IS REALLY FLAT!
John Haisken-DeNew, RWI Essen
Co-Author: Sonja Kassenboehmer, RWI Essen and Ruhr-University of Bochum

  
  SELF-SELECTION AND SUBJECTIVE-WELL BEING: COPULA MODELS WITH AN APPLICATION TO PUBLIC AND PRIVATE SECTOR WORK
Rainer Winkelmann, University of Zurich
Co-Author: Alois Stutzer, University of Basel
  
11:30 - 13:30 LABOR MARKET: ACTIVE LABOR PROGRAMME (EEA)
Chairperson: Jens Clausen, AKF, Danish Institute of Governmental Research
Room N30
  A CASEWORKER LIKE ME - DOES SIMILARITY BETWEEN UNEMPLOYED AND CASE-WORKER INCREASE EMPLOYMENT?
Stefanie Behncke, University of St.Gallen
Co-Author: Markus Frölich, University Mannheim

  
  FURTHER TRAINING FOR THE UNEMPLOYED - WHAT CAN WE LEARN ABOUT DROPOUTS FROM ADMINISTRATIVE DATA?
Marie Waller, CDSE University of Mannheim

  
  EVALUATION OF THE IMPACT OF TRAINING ON INDIVIDUAL LABOR MARKET TRANSITIONS
sylvie blasco, Crest
Co-Authors: bruno crépon, crest-insee, cepr, iza and Thierry Kamionka, CNRS and CREST

  
  THE EFFECT OF ALMP AND LANGUAGE COURSES ON EMPLOYMENT OF NEWLY ARRIVED IMMIGRANTS: EVIDENCE FROM DENMARK
Jens Clausen, AKF, Danish Institute of Governmental Research
Co-Authors: Eskil Heinesen, AKF, Danish Institute of Governmental Research, Hans Hummelgaard, AKF, Danish Institute of Governmental Research, Leif Husted, AKF, Danish Institute of Governmental Research and Michael Rosholm, Aarhus School of Business, University of Aarhus
  
11:30 - 13:30 CONTRIBUTED SESSIONS 2
ESEM: Theoretical and Applied Economics

11:30 - 13:30 AUCTIONS 1 (ESEM TAE)
Chairperson: Jeroen Swinkels, Washington University, St. Louis
Room A
  FIRST AND SECOND PRICE MECHANISMS IN PROCUREMENT AND OTHER ASYMMETRIC AUCTIONS
Jeroen Swinkels, Washington University, St. Louis
Co-Author: Vlad Mares, Washington University in St. Louis

  
  AN EFFICIENT INTERTEMPORAL AUCTION
Konrad Mierendorff, Bonn Graduate School of Economics

  
  THE ALL-PAY AUCTION WITH HANDICAPS
Pablo Casas-Arce, Universitat Pompeu Fabra
Co-Author: Asis Martinez-Jerez, Harvard Business School

  
  OPTIMAL TAKEOVER CONTESTS WITH TOEHOLDS
Gino Loyola, Universidad Carlos III de Madrid
  
11:30 - 13:30 POLITICAL ECONOMY (POLICY) (ESEM TAE)
Chairperson: Marco Battaglini, Princeton university
Room B
  FISCAL POLICY OVER THE REAL BUSINESS CYCLE: A POSITIVE THEORY
Marco Battaglini, Princeton university
Co-Author: stephen Coate,

 
  MONETARY POLICY BY COMMITTEE: CONSENSUS, CHAIRMAN DOMINANCE OR SIMPLE MAJORITY?
Alessandro Riboni, University of Montreal
Co-Author: Francisco Ruge-Murcia, University of Montreal

  
  PRIVATE INTERESTS FORMATION: THE CASE OF PROTECTIONISM
Guy Lalanne, CREST-INSEE

  
  REFORMING PAYG PENSION SYSTEM. WHO VOTE FOR IT? WHEN?
Joao Luis B Gondim, Toulouse School of Economics
Co-Author: Georges Casamatta, Toulouse School of Economics
  
11:30 - 13:30 CONTRACT THEORY (ESEM TAE)
Chairperson: Abhinay Muthoo, Essex
Room C
  THE OPTIMALITY OF DELEGATION UNDER IMPERFECT COMMITMENT
Fumitoshi Moriya, Hitotsubashi University

  
  JOINT COMMITMENT IMPLEMENTATION WITHOUT PUBLIC RANDOMIZATION
Francesco Nava, University of Chicago

  
  NONLINEAR PRICING BEYOND THE DEMAND PROFILE APPROACH
Sergei Vieira, IMPA
Co-Authors: Aloisio Araujo, EPGE/FGV and IMPA and Humberto Moreira, EPGE/FGV

  
  AUTHORITY AND MOTIVATION
Stefanie Brilon, Max-Planck-Institute for Research on Collective Goods and CDSE Mannheim
Co-Author: Frank Rosar, University of Mannheim
  
11:30 - 13:30 INDUSTRIAL ORGANIZATION 2 (ESEM TAE)
Chairperson: Sissel Jensen, Norwegian School of Econ and Business Adm
Room D
  THE COMPARISON BETWEEN AD VALOREM AND SPECIFIC TAXATION UNDER TWO-PART TARIFFS
Sissel Jensen, Norwegian School of Econ and Business Adm
Co-Author: Guttorm Schjelderup, Norwegian School of Econ and Bus Adm

 
  GEOGRAPHICAL AND MULTI-PRODUCT LINKAGES OF MARKETS: IMPACT ON FIRM EQUILIBRIUM INTERACTIONS (SOME EVIDENCE FROM THE EUROPEAN CAR MARKET)
Nina Leheyda, Center for European Economic Research (ZEW), Mannheim

  
  THE PERSISTENCE OF DIFFERENCES IN PRODUCTIVITY, WAGES, SKILL MIXES AND PROFITS BETWEEN FIRMS IN A RAPIDLY CHANGING ENVIRONMENT
Takii Katsuya, Osaka School of International Public Policy, Osaka University

  
  PRICE DISPERSION AND CONSUMER SEARCH IN THE RETAIL GASOLINE MARKET
Mariano Tappata, Sauder School of Business, University of British Columbia
Co-Author: Ambarish Chandra, Sauder School of Business, University of British Columbia
  
11:30 - 13:30 INTERNATIONAL TRADE 2 (ESEM TAE)
Chairperson: Peter Neary, University of Oxford
Room E
  MULTILATERAL SUBSIDY GAMES
Peter Neary, University of Oxford
Co-Author: Dermot Leahy, National University of Ireland Maynooth

  
  THE TRADE AND WELFARE E ECTS OF MERGERS IN SPACE
Hartmut Egger, University of Zurich
Co-Author: Peter Egger, Muenchen LMU

  
  THE EXTENT OF THE MARKET AND ENDOGENOUS MARKUPS
Anu Kovarikova Arro, CERGE-EI

  
  MONOPOLISTIC COMPETITION AND THE DEPENDENT ECONOMY MODEL
Romain Restout, University Paris 10, Economix, Edhec, Gate ENS-LSH Lyon
  
11:30 - 13:30 MATCHING MARKETS (ESEM TAE)
Chairperson: Lars Nesheim, University College, London
Room 11
  HEDONIC PRICE EQUILIBRIA, STABLE MATCHING AND OPTIMAL TRANSPORT
Lars Nesheim, University College, London
Co-Authors: Pierre-Andre Chiappori, Columbia University and Robert McCann, University of Toronto

  
  THE SORTING EFFECT OF PRICE COMPETITION
Jan Eeckhout, University of Pennsylvania

  
  SUBSTITUTES AND STABILITY FOR MATCHING WITH CONTRACTS
John Hatfield, Stanford University, Grad Sch of Business
Co-Author: Fuhito Kojima, Harvard University

  
  CONSUMER SEARCH WITH COSTLY RECALL
Alexei Parakhonyak, Tinbergen Institute and Erasmus Universiteit Rotterdam
Co-Author: Maarten Janssen, University of Vienna, Erasmus University
  
11:30 - 13:30 BOUNDED RATIONALITY (ESEM TAE)
Chairperson: Ran Spiegler, University College London
Room 12
  CONSIDERATION SETS AND COMPETITIVE MARKETING
Ran Spiegler, University College London
Co-Author: Kfir Eliaz, Brown University

  
  TWO-STAGE BOUNDEDLY RATIONAL CHOICE PROCEDURE: THEORY AND EXPERIMENTAL EVIDENCE
Paola Manzini, Queen Mary, university of London
Co-Author: Marco Mariotti, Queen Mary University of London

  
  FAMILY TIES, INCENTIVES AND DEVELOPMENT: A MODEL OF COERCED ALTRUISM
Ingela Alger, Carleton University
Co-Author: Jörgen Weibull, Stockholm School of Economics

  
  REFERENCE DEPENDENCE AND MARKET COMPETITION
Jidong Zhou, Department of Economics, UCL, London
  
11:30 - 13:30 CORPORATE FINANCE AND CONTROL (ESEM TAE)
Chairperson: Silvia Sonderegger, University of Bristol
Room 13
  OVER-SIGNALING VS UNDERPRICING: THE ROLE OF FINANCIAL INTERMEDIARIES IN INITIAL PUBLIC OFFERINGS
Silvia Sonderegger, University of Bristol
Co-Authors: FABRIZIO ADRIANI, soas, university of london and LUCA DEIDDA, university of sassari

  
  CORPORATE FRAUD, GOVERNANCE AND AUDITING
Giovanni Immordino, university of Salerno and CSEF
Co-Author: Marco Pagano,

 
  TOTAL EXECUTIVE COMPENSATION
Gian Luca Clementi, New York University
Co-Authors: Thomas Cooley, New York University and Sonia DiGiannatale, CIDE

  
  EQUITY FINANCING
Alexis Anagnostopoulos, SUNY Stony Brook
Co-Authors: Eva Carceles-Poveda, SUNY Stony Brook and albert marcet, Institut d’Analisi Economica, UAB
  
11:30 - 13:30 MACROECONOMICS AND HETEROGENEITY (ESEM TAE)
Chairperson: Aarti Singh, University of Sydney
Room 14
  HUMAN CAPITAL RISK IN LIFE CYCLE ECONOMIES
Aarti Singh, University of Sydney

  
  INCOMPLETE INFORMATION AND INFORMATIVE PRICING: THEORY AND APPLICATION
Rondina Giacomo, University of California, San Diego

  
  THE DYNAMICS OF PORTFOLIO CHOICE AND WEALTH INEQUALITY WHEN CONSUMERS DIFFER IN AMBIGUITY AVERSION
Jose Mauricio Prado, IMT Lucca Institute for Advanced Studies
Co-Author: Irasema Alonso, Yale University

  
  FIRM HETEROGENEITY AND THE LONG-RUN EFFECTS OF DIVIDEND TAX REFORM
Francois Gourio, Boston University
Co-Author: Jianjun Miao, Boston University
  
11:30 - 13:30 CONTRIBUTED SESSIONS 2
ESEM: Econometrics and Empirical Economics

11:30 - 13:30 APPLIED TRADE (ESEM EEE)
Chairperson: Mario Larch, ifo Institute for Economic Research
Room 15
  TRADE WITH LOW INCOME COUNTRIES AND INDUSTRY DYNAMICS
Raphael Auer, Swiss National Bank
Co-Author: Andreas Fischer, Swiss National Bank

  
  FAMILIARITY BREEDS INVESTMENT: IMMIGRATION AND EQUITY HOME BIAS
Hisham Foad, San Diego State University

  
  COMPARATIVE ADVANTAGE, THE RANK-SIZE RULE, AND ZIPF’S LAW
Jeroen Hinloopen, Universiteit van Amsterdam
Co-Author: Charles Van Marrewijk, Erasmus University Rotterdam

  
  THE BILATERAL AND MULTILATERAL TRADE EFFECTS OF ROAD AND RAILWAY TRANSPORT INFRASTRUCTURE
Mario Larch, ifo Institute for Economic Research
Co-Author: Peter Egger, Muenchen LMU
  
11:30 - 13:30 YIELD CURVE (ESEM EEE)
Chairperson: Siem Jan Koopman, VU University, Amsterdam
Room 21
  ESTIMATING THE WISHART AFFINE STOCHASTIC CORRELATION MODEL USING THE EMPIRICAL CHARACTERISTIC FUNCTION
Florian Ielpo, CENTRE D'ECONOMIE DE LA SORBONNE
Co-Authors: José Da Fonseca, ESILV - Pole de Vinci and Martino Grasselli, Padova University

  
  ARBITRAGE SMOOTHING IN FITTING A SEQUENCE OF YIELD CURVES
Kees Bouwman, Erasmus University Rotterdam
Co-Author: Paul Bekker, University of Groningen

  
  INVESTMENT GRADE COUNTRIES YIELD CURVE DYNAMICS
Rodrigo Bueno, Getulio Vargas Foundation and University of Chicago and Rubens Morita, Getulio Vargas Foundation at Sao Paulo - Brazil

  
  ANALYZING THE TERM STRUCTURE OF INTEREST RATES USING THE DYNAMIC NELSON-SIEGEL MODEL WITH TIME-VARYING PARAMETERS
Siem Jan Koopman, VU University, Amsterdam
Co-Authors: Max Mallee, VU University Amsterdam and Michel van der Wel, Tinbergen Institute, VU University Amsterdam
  
11:30 - 13:30 ENVIRONMENT & ENERGY (ESEM EEE)
Chairperson: Dong Heon Kim, Department of Economics, Korea University
Room 22
  ENVIRONMENTAL CRIME AND PUNISHMENT: EVIDENCE FROM THE GERMAN EXPERIENCE
Christian Almer, Department of Economics, University of Heidelberg
Co-Author: Timo Goeschl, Department of Economics, University of heidelberg

  
  RISK AVERSION AND INSTITUTIONAL INFORMATION DISCLOSURE ON THE EUROPEAN CARBON MARKET
Julien Chevallier, UNIVERSITY OF PARIS 10 & ECONOMIX-CNRS
Co-Authors: Florian Ielpo, CENTRE D'ECONOMIE DE LA SORBONNE and Ludovic Mercier, Dexia Credit Local

  
  DYNAMIC GMM ESTIMATION WITH STRUCTURAL BREAKS. AN APPLICATION TO GLOBAL WARMING AND ITS CAUSES.
Guido Travaglini, Università di Roma La Sapienza

  
  WHAT IS AN OIL SHOCK? PANEL DATA EVIDENCE
Dong Heon Kim, Department of Economics, Korea University
  
11:30 - 13:30 MODEL SELECTION (ESEM EEE)
Chairperson: Lynda Khalaf, Carleton University
Room 23
  GETS MODEL SELECTION WITH SIGN RESTRICTIONS
Hans-Martin Krolzig, University of Kent

  
  USING INFORMATION CRITERIA TO SELECT AN AUTOREGRESSIVE MODEL: A UNIFIED APPROACH WITHOUT KNOWING THE ORDER OF INTEGRATEDNESS
Chor-yiu SIN, Xiamen University
Co-Author: Ching-Kang ING, Academia Sinica

  
  CONSISTENT ESTIMATION AND ORDER SELECTION FOR NON-STATIONARY AUTOREGRESSIVE PROCESSES WITH STABLE INNOVATIONS
Peter Burridge, University of York
Co-Author: Daniela Hristova, City University

  
  STRUCTURAL MULTI-EQUATION MACROECONOMIC MODELS: IDENTIFICATION-ROBUST ESTIMATION AND FIT
Lynda Khalaf, Carleton University
Co-Authors: JEAN-MARIE DUFOUR, McGill University and Maral Kichian, Research department, Bank of Canada
  
11:30 - 13:30 UNIT ROOTS I (ESEM EEE)
Chairperson: Rolf Larsson, Uppsala University
Room 24
  TESTING FOR A UNIT ROOT UNDER ERRORS WITH JUST BARELY INFINITE VARIANCE
Nikolaos Kourogenis, Department of Banking and Financial Management, University of Piraeus
Co-Author: Nikitas Pittis, Department of Banking and Financial Management, University of Piraeus

  
  BOOTSTRAP BASED UNIT-ROOT TESTS IN NONLINEAR STAR MODELS
Dilem YILDIRIM, The University of Manchester
Co-Authors: Ralf Becker, The University of Manchester and Denise Osborn, University of Manchester

  
  A POINT OPTIMAL TEST FOR THE NULL OF NEAR INTEGRATION
Antonio Aznar, university of zaragoza
Co-Author: Mª Isabel Ayuda, University of Zaragoza

  
  NORMAL APPROXIMATION OF THE DICKEY-FULLER DISTRIBUTION FOR LARGE DIMENSIONS
Rolf Larsson, Uppsala University
  
11:30 - 13:30 COPULAS (ESEM EEE)
Chairperson: Georgios Effraimidis, Free University Amsterdam
Room 25
  WHEN IS A COPULA CONSTANT? A TEST FOR CHANGING RELATIONSHIPS
Fabio Busetti, Bank of Italy
Co-Author: Andrew Harvey,

 
  THREE-STAGE SEMI-PARAMETRIC ESTIMATION OF T-COPULAS: ASYMPTOTICS, FINITE-SAMPLES PROPERTIES AND COMPUTATIONAL ASPECTS
Fantazzini Dean, University of Moscow

  
  TESTING FOR ASSET MARKET LINKAGES : A NEW APPROACH BASED ON TIME-VARYING COPULAS
HANS MANNER, University Maastricht
Co-Author: BERTRAND CANDELON, University Maastricht

  
  ASSOCIATION MEASURES IN DURATION MODELS WITH GAMMA HETEROGENEITY DISTRIBUTIONS
Georgios Effraimidis, Free University Amsterdam
Co-Author: Gerard van den Berg, Free University, Amsterdam
  
11:30 - 13:30 CONTRACTS (ESEM EEE)
Chairperson: Federico Dini, Research Unit, Italian Public Procurement Agency (Consip S.p.A.)
Room 31
  BETTER SAFE THAN SORRY? EX ANTE AND EX POST MORAL HAZARD IN DYNAMIC INSURANCE DATA
Tibor Zavadil, VU University Amsterdam
Co-Authors: Jaap Abbring, VU University Amsterdam and Tinbergen Institute and Pierre-Andre Chiappori, Columbia University

  
  MEMORY IN CONTRACTS: THE EXPERIENCE OF THE EBRD (1991-2003)
Rosella Nicolini, Insitut d''Anàlisi Econòmica
Co-Author: Lionel Artige, Université de Liège

  
  KNOWING THE GAP - INTERMEDIATE INFORMATION IN TOURNAMENTS
Gabriele Lünser, University College London
Co-Author: Sandra Ludwig,

 
  "SUPPLIERS’ BEHAVIOR IN COMPETITIVE TENDERING: EVIDENCE FROM THE ITALIAN MINISTRY OF ECONOMY AND FINANCE’S ACQUISITIONS OF IT SERVICES"
Federico Dini, Research Unit, Italian Public Procurement Agency (Consip S.p.A.)
Co-Authors: Gian Luigi Albano, Head of Research and Roberto Zampino, Research Unit, Italian Public Procurement Agency (Consip S.p.A.)
  
11:30 - 13:30 DURATION AND LIMITED DEPENDENT VARIABLES (ESEM EEE)
Chairperson: Jaap Abbring, VU University Amsterdam and Tinbergen Institute
Room 32
  INTERDEPENDENT DURATIONS
Aureo de Paula, University of Pennsylvania
Co-Author: Bo Honore, Princeton University

  
  ENDOGENOUS BINARY CHOICE MODELS
Stefan Hoderlein, Mannheim

  
  ESTIMATING TOBIT MODELS FOR PANEL DATA WITH AUTOCORRELATED ERRORS
Laura Magazzini, Università di Verona
Co-Author: Giorgio Calzolari, Università di Firenze

  
  MIXED HITTING-TIME MODELS
Jaap Abbring, VU University Amsterdam and Tinbergen Institute
  
11:30 - 13:30 MERGERS AND TAKEOVERS (ESEM EEE)
Chairperson: David Margolis, Paris School of Economics, CNRS
Room 33
  M&A INCENTIVES AND OUTCOMES: EVIDENCE FROM THE MUTUAL FUND INDUSTRY
Minjung Park, University of Minnesota, Twin Cities

  
  THE INFORMATION CONTENT OF DEAL INITIATION IN MERGERS AND ACQUISITIONS
Serif Simsir, Cornell University

  
  ARE PRICES REALLY AFFECTED BY MERGERS?
Xavier Boutin, INSEE, CREST-LEI
Co-Author: Lionel Janin, DGTPE, CREST-LEI

  
  MANAGERIAL BEHAVIOR, TAKEOVERS AND EMPLOYMENT DURATION
David Margolis, Paris School of Economics, CNRS
  
11:30 - 13:30 ECONOMETRICS OF EDUCATION (ESEM EEE)
Chairperson: Kjell Salvanes, Norwegian School of Economics
Room 34
  NEW EVIDENCE ON CLASS SIZE EFFECTS : A PUPIL FIXED EFFECTS APPROACH
Nadir Altinok, IREDU and University of Bourgogne

  
  ESTIMATING CLASS-SIZE EFFECTS USING WITHIN-SCHOOL VARIATION IN SUBJECT-SPECIFIC CLASSES
Eskil Heinesen, AKF, Danish Institute of Governmental Research

  
  THE EFFECT OF HOME COMPUTER USE ON CHILDREN'S COGNITIVE AND NON-COGNITIVE SKILLS
Mario Fiorini, University of Technology Sydney

  
  TOO YOUNG TO LEAVE THE NEST? THE EFFECTS OF SCHOOL STARTING AGE
Kjell Salvanes, Norwegian School of Economics
Co-Authors: sandra black, department of economics, UCLA and paul devereux, department of economics, University College Dublin
  
13:30 - 15:00 LUNCH BREAK

15:00 - 16:30 CONTRIBUTED SESSIONS 3A
EEA

15:00 - 16:30 AUCTIONS I A (EEA)
Chairperson: Frank Rosar, University of Mannheim
Room N10
  ON EFFICIENCY OF THE ENGLISH AUCTION
Sergei Izmalkov, MIT
Co-Author: Oleksii Birulin, University of Sydney

  
  REVENUE AND EFFICIENCY IN UNIFORM-PRICE PRIVATE VALUE AUCTIONS
Michal Bresky, CERGE-EI

  
  INFORMATION REVELATION AND RANDOM ENTRY IN SEQUENTIAL ASCENDING AUCTIONS
Maher Said, Yale University
  
15:00 - 16:30 INCENTIVE SYSTEMS A (EEA)
Chairperson: Alois Stutzer, University of Basel
Room N11
  GROUP VS. INDIVIDUAL PERFORMANCE PAY IN RELATIONAL EMPLOYMENT CONTRACTS WHEN WORKERS ARE ENVIOUS
Jenny Kragl, Humboldt-Unviversität zu Berlin

  
  INCENTIVE PROVISION IN A REPRESENTATIVE COMPETITION
Stefanie A. Lehmann, Bonn Graduate School of Economics

  
  AWARDS AS INCENTIVES
Susanne Neckermann, Institute of Empirical Research In Economics, University of Zurich, Switzerland
Co-Author: Bruno S. Frey, Institute for Empirical Research in Economics, University of Zurich
  
15:00 - 16:30 THE POLITICAL ECONOMY OF PUBLIC SECTOR EFFICIENCY A (EEA)
Chairperson: Lasse Holbøll Westh Nielsen, Department of Economics, University of Copenhagen
Room N12
  DETERMINANTS OF SERVICE QUALITY IN BUREAUCRACY: PARKINSON'S THEORY AT WORK
Beate Jochimsen, Free University of Berlin

  
  THE POLITICAL COMPETITION-ECONOMIC PERFORMANCE PUZZLE: EVIDENCE FROM THE OECD COUNTRIES AND THE ITALIAN REGIONS.
Roberto Ricciuti, University of Florence, RSCAS-EUI, CESifo,
Co-Author: Fabio Padovano, University Roma Tre

  
  POLITICAL ACCOUNTABILITY AND REAL AUTHORITY OF GOVERNMENT BUREAUCRACIES
Marina Dodlova, EconomiX, University of Paris X; LIA, Higher School of Economics
  
15:00 - 16:30 MERGERS A (EEA)
Chairperson: Kai-Uwe Kuhn, University of Michigan
Room N13
  DOES BUNDLING TRIGGER MERGERS?
Marion PODESTA, LASER-University of Montpellier I
Co-Author: Laurent GRANIER, LASER- University of Montpellier I

  
  ONE-STOP SHOPPING BEHAVIOR AND UPSTREAM MERGER INCENTIVES
Vanessa von Schlippenbach, DIW Berlin
Co-Author: Christian Wey, DIW Berlin, TU belin

  
  WAITING TO MERGE
Tore Nilssen, University of Oslo
Co-Author: Eileen Fumagalli, IEFE, Università Bocconi
  
15:00 - 16:30 ASSET PRICING: EMPIRICS A (EEA)
Chairperson: Anisha Ghosh, London School of Economics
Room N14
  CONSUMPTION HETEROGENEITY AND LONG RUN RISK
Victoria Galsband, Research and Teaching Assistant
Co-Author: Mathias Hoffmann, Professor

  
  THE RISK PREMIUM ON THE EURO AREA MARKET PORTFOLIO: THE ROLE OF REAL ESTATE
Thomas Nitschka, IEW, University of Zurich

  
  BAD BETA, GOOD BETA, AND RARE EVENTS
Francesco Bianchi, Princeton University
  
15:00 - 16:30 BEHAVIORAL ECONOMICS I A (EEA)
Chairperson: Marko Terviö, UC Berkeley
Room N15
  PSEUDONYM CHANGES AND THE EFFICIENCY OF ONLINE REPUTATION SYSTEMS
Matthias Wibral, University of Bonn

  
  RETURNS TO SOCIABILITY
Frank Betz, European University Institute

  
  WHY DOES DICTATOR GAME SHARING VARY? IDENTIFYING SOCIAL NORMS IN THE LABORATORY
Erin Krupka, IZA
Co-Author: Roberto Weber, Carnegie Mellon University
  
15:00 - 16:30 BANKING BEHAVIOR AND REGULATION A (EEA)
Chairperson: Xavier Mateos-Planas, University of Southampton
Room N16
  BASEL II CAPITAL REQUIREMENTS, FIRMS' HETEROGENEITY, AND THE BUSINESS CYCLE
Ines Drumond, CEMPRE, Faculdade de Economia, Universidade do Porto
Co-Author: Jose Manuel Peres Jorge, CEMPRE, Faculdade Economia, Universidade Porto

  
  BIDDING BEHAVIOUR IN THE ECB'S MAIN REFINANCING OPERATIONS DURING THE FINANCIAL MARKET TURMOIL
Jens Eisenschmidt, European Central Bank
Co-Authors: Astrid Hirsch, European Central Bank and Tobias Linzert , European Central Bank

  
  THE DOMESTIC AND INTERNATIONAL EFFECTS OF FINANCIAL DEREGULATION
Fabio Ghironi, Boston College
Co-Author: Viktors Stebunovs, Board of Governors of the Federal Reserve System
  
15:00 - 16:30 BUSINESS CYCLES AND FLUCTUATIONS A (EEA)
Chairperson: Mauro Bambi, Center of Economic Research ETH-Zurich
Room N17
  INTEREST RATE EFFECTS OF DEMOGRAPHIC CHANGE IN A NEW-KEYNESIAN LIFE-CYCLE FRAMEWORK
Leopold von Thadden, European Central Bank
Co-Author: Engin Kara, National Bank of Belgium

  
  SEARCH IN THE PRODUCT MARKET AND THE REAL BUSINESS CYCLE
Olivier Pierrard, Central bank of Luxembourg
Co-Author: Thomas Mathä, Central Bank of Luxembourg

  
  INFLATION AVERSION AND THE REAL EFFECTS OF MONETARY POLICY SHOCKS
Nikolay Hristov, University of Augsburg
  
15:00 - 16:30 SEARCH, MATCHING AND SORTING A (EEA)
Chairperson: Anne Bucher, GAINS
Room N18
  HUMAN CAPITAL ACCUMULATION AND LABOUR MARKET EQUILIBRIUM
Carlos Carrillo-Tudela, University of Leicester
Co-Authors: Kenneth Burdett, University of Pensylvania and Melvyn Coles, University of Essex

  
  INDUSTRY DYNAMICS AND SEARCH IN THE LABOR MARKET
Espen R. Moen, Professor
Co-Author: Pietro Garibaldi, University of Torino and Collegio Carlo Alberto

  
  THE SHIMER PUZZLE AND THE CORRECT IDENTIFICATION OF PRODUCTIVITY SHOCKS
Regis Barnichon, Federal Reserve Board
  
15:00 - 16:30 POLITICAL ECONOMY: ELECTIONS AND VOTING A (EEA)
Chairperson: Tommaso Nannicini, Universidad Carlos III de Madrid
Room N19
  ONE PERSON, MANY VOTES: DIVIDED MAJORITY AND INFORMATION AGGREGATION.
Micael Castanheira, ECARES, ULB
Co-Author: Laurent Bouton, ECARES, ULB

  
  POCKETBOOK VOTING: NEW EVIDENCE FROM CHILD CARE REFORMS
Henrik Jordahl, Research Institute of Industrial Economcis (IFN)
Co-Authors: Mikael Elinder, Uppsala University and Panu Poutvaara, University of Helsinki and CEBR

  
  OPTIMAL GERRYMANDERING AND POLICY CHOICE: A WELFARE ANALYSIS
Emanuele Bracco, University of Warwick
  
15:00 - 16:30 PENSIONS AND SOCIAL SECURITY A (EEA)
Chairperson: Joao Luis B Gondim, Toulouse School of Economics
Room N20
  SOCIAL SECURITY, EDUCATION, RETIREMENT AND GROWTH
Amaia Iza, The Univeristy of the Basque Country
Co-Author: Cruz Echevarria, The University of the Basque Country

  
  PRIVATE RETIREMENT SAVINGS IN GERMANY: THE STRUCTURE OF TAX INCENTIVES AND ANNUITIZATION
Hans Fehr, University of Wuerzburg
Co-Author: Christian Habermann, MLP

  
  WHY KIDS TODAY? EVIDENCE ON THE OLD-AGE SECURITY MOTIVE FROM THE ITALIAN PENSION REFORM
Vincenzo Galasso, IGIER, Università Bocconi
Co-Author: Francesco Billari, Università Bocconi
  
15:00 - 16:30 MONETARY POLICY UNDER UNCERTAINTY A (EEA)
Chairperson: Juan Paez-Farrell, Cardiff University
Room N21
  PARAMETER UNCERTAINTY AND NONLINEAR MONETARY POLICY RULES
Peter Tillmann, Swiss National Bank

  
  OPTIMAL POLICY UNDER MODEL UNCERTAINTY: A STRUCTURAL-BAYESIAN APPROACH
Alexander Kriwoluzky, Humboldt University
Co-Author: Christian Stoltenberg, Humboldt-University Berlin

  
  CENTRAL BANK MISPERCEPTIONS AND THE ROLE OF MONEY IN INTEREST RATE RULES
Guenter W. Beck, Goethe University Frankfurt
Co-Author: Volker Wieland, Goethe University Frankfurt
  
15:00 - 16:30 MIGRATION: ETHNICITY A (EEA)
Chairperson: Alberto Bisin, NYU
Room N22
  HOW INTERETHNIC MARRIAGES AFFECT THE EDUCATIONAL ATTAINMENT OF CHILDREN; EVIDENCE FROM A NATURAL EXPERIMENT
Jan van Ours, Tilburg University
Co-Author: Justus Veenman, Erasmus University Rotterdam

  
  DETERMINANTS OF INDIVIDUAL ATTITUDES TOWARDS IMMIGRATION: THE ROLE OF TRUST
Tobias Müller, University of Geneva
Co-Author: Florence Miguet, Swiss National Bank

  
  INTERGENERATIONAL MOBILITY OF IMMIGRANTS IN GERMANY: MOVING WITH NATIVES OR STUCK IN THEIR NEIGHBORHOODS?
Mutlu Yuksel, IZA
  
15:00 - 16:30 LABOUR SUPPLY A (EEA)
Chairperson: Guyonne Kalb, University of Melbourne
Room N23
  THE EFFECTS OF PAYROLL TAXES ON EARNINGS: EVIDENCE AND IMPLICATIONS
Facundo Alvaredo, PSE-CREST

  
  CHOOSING TO KEEP UP WITH THE JONESES
Richard Barnett, Villanvoa University
Co-Authors: Joydeep Bhattacharaya, Iowa State University and Helle Bunzel, Iowa State University

  
  RE-EXAMINING FREE TIME: TIME CRUNCH IN THE USA 1965-2003
Almudena Sevilla-Sanz, University of Oxford
Co-Authors: Kimberly Fisher, University of Oxford and Jose Ignacio Gimenez Nadal, University of Zaragoza
  
15:00 - 16:30 LABOR MARKETS AND MACROECONOMIC DYNAMICS A (EEA)
Chairperson: Vivian Carstensen, University ASc Bielefeld, Leibniz University Hannover
Room N24
  MANY SECTORS MEET MORE SKILLS: INTERSECTORAL LINKAGES AND THE SKILL BIAS OF TECHNOLOGY
Nico Voigtländer, UCLA

  
  TECHNOLOGY ADOPTION, TURBULENCE AND THE DYNAMICS OF UNEMPLOYMENT
Georg Duernecker, European University Institute

  
  DEMOGRAPHICS AND LABOUR MARKET OUTCOMES IN AN OLG MODEL WITH LABOUR MARKET FRICTIONS
Anna Batyra, UCL/PSE
Co-Authors: David de la Croix, Catholic Univeristy of Louvain, Olivier Pierrard, Central bank of Luxembourg and Henri Sneessens, Catholic Univeristy of Louvain
  
15:00 - 16:30 IO: VERTICAL RELATIONS A (EEA)
Chairperson: Silvester Vankoten, Cerge-EI
Room N25
  LEGAL UNBUNDLING CAN BE A GOLDEN MEAN BETWEEN VERTICAL INTEGRATION AND SEPARATION
Felix Hoeffler, WHU - Otto Beisheim School of Managment
Co-Author: Sebastian Kranz, University of Bonn

  
  THE DYNAMIC USE OF LOYALTY REBATES
Liliane Karlinger, University of Vienna

  
  NON LINEAR CONTRACTING AND ENDOGENOUS BUYER POWER BETWEEN MANUFACTURERS AND RETAILERS : IDENTIFICATION AND ESTIMATION ON DIFFERENTIATED PRODUCTS
Pierre Dubois, Toulouse School of Economics
Co-Author: Celine Bonnet, Toulouse School of Economics (GREMAQ, INRA)
  
15:00 - 16:30 INTERNATIONAL FINANCE AND EXCHANGE RATES A (EEA)
Chairperson: Michael Kumhof, International Monetary Fund
Room N26
  COMMON RISK FACTORS IN CURRENCY MARKETS
Adrien Verdelhan, Boston University
Co-Authors: Hanno Lustig, UCLA and Nick Roussanov, Wharton

 
  SIX ANOMALIES LOOKING FOR A MODEL. A CONSUMPTION BASED EXPLANATION OF INTERNATIONAL FINANCE PUZZLES.
Riccardo Colacito, University of North Carolina, Chapel Hill (Kenan-Flagler Business School) and New York University (Stern School of Business)

  
  UNINSURABLE RISK AND FINANCIAL MARKET PUZZLES
Kenji Wada, Keio University
Co-Authors: Parantap Basu, Department of Economics and Finance, Durham University and Andrei Semenov, York University
  
15:00 - 16:30 GAME THEORY A (EEA)
Chairperson: Ferdinand von Siemens, Ludwig-Maximilians-Universität
Room N27
  COLLECTIVE BARGAINING AND WALRASIAN EQUILIBRIUM
Antonio Penta, Univ. of Pennsylvania

  
  ON THE EXISTENCE OF PURE STRATEGY EQUILIBRIA IN LARGE GAMES
Guilherme Carmona, Universidade Nova de Lisboa
Co-Author: Konrad Podczeck, Universitat Wien

  
  BARGAINING WITH MANY PLAYERS: A LIMIT RESULT
Hannu Vartiainen, Turku School of Economics and Yrjö Jahnsson Foundation
Co-Author: Klaus Kultti, University of Helsinki
  
15:00 - 16:30 HEALTH ECONOMICS: INCENTIVES A (EEA)
Chairperson: Hendrik Schmitz, Ruhr Graduate School in Economics
Room N28
  IMPROVING PREVENTION COMPLIANCE THROUGH APPROPRIATE INCENTIVES
Juergen Zerth, University of Bayreuth
Co-Author: Udo Schneider, University of Bayreuth

  
  INCENTIVE AND SPILL-OVER EFFECTS OF SUPPLEMENTARY SICKNESS COMPENSATION
Malin Persson, Department of Economics, Uppsala University, Uppsala, Sweden
Co-Author: Patrik Hesselius, The Institute for Labour Market Policy Evaluation, Uppsala; Sweden

  
  PHYSICIANS' PROVISION BEHAVIOR UNDER DIFFERENT PAYMENT SYSTEMS - AN EXPERIMENTAL INVESTIGATION
Daniel Wiesen, Laboratory for Experimental Economics, University of Bonn
Co-Authors: Heike Hennig-Schmidt, Laboratory for Experimental Economics, University of Bonn and Reinhard Selten, Laboratory for Experimental Economics, University of Bonn
  
15:00 - 16:30 MONETARY POLICY AND FINANCIAL MARKETS A (EEA)
Chairperson: Yiting Li, National Taiwan University
Room N29
  THE FED'S OPTIMAL INTEREST RATE RULE WITH ASSET PRICES AND ASSYMETRIES: A FINANCIAL APPROACH
Radu Vranceanu, ESSEC Business School
Co-Author: Katarzyna ROMANIUK, University Paris 1 and PRISM

  
  BORROWING CONSTRAINTS AND MONETARY POLICY: THE INFLATION TAX-NET WORTH CHANNEL
Domenico Delli Gatti, Catholic University of Milan
Co-Author: Tiziana Assenza, Catholic University of Milan and CeNDEF University of Amsterdam

  
  OPTIMAL MONETARY POLICY IN A MODEL OF THE CREDIT CHANNEL
Oreste Tristani, European Central Bank
Co-Author: Fiorella De Fiore, European Central Bank
  
15:00 - 16:30 IO: REGULATION A (EEA)
Chairperson: Giacomo Calzolari, University of Bologna
Room N30
  DEREGULATION OF SHOPPING HOURS: THE IMPACT ON CORNER SHOPS AND CHAIN STORES
Tobias Wenzel, University of Dortmund

  
  PRODUCTION UNDER UNCERTAINTY: A CHARACTERIZATION OF WELFARE ENHANCING AND OPTIMAL PRICE CAPS
Gregor Zoettl, University of Cologne and CORE Université Catholique de Louvain
Co-Author: Veronika Grimm, University of Cologne

  
  OPTIMAL REGULATION OF COMPETING RATING AGENCIES
Anno Stolper, University of Munich
  
15:00 - 16:30 PRICE STICKINESS A (EEA)
Chairperson: Thomas Eife, University of Heidelberg
Room N31
  PRICE RIGIDITY: A SUB-GAME PERFECT EQUILIBRIUM STRATEGY
Mirta Bugarin, FUCAPE/ES
Co-Author: Sergio Lago, Central Bank of Brazil

  
  SEARCHING FOR ADDITIONAL SOURCES OF INFLATION PERSISTENCE: THE MICRO-PRICES PANEL DATA APPROACH
Rafal Raciborski, Universite Libre de Bruxelles

  
  PRICE STICKINESS IN THE US AND IN EUROPE REVISITED: EVIDENCE FROM INTERNET PRICES
Ladislav Wintr, NBB
Co-Author: Patrick Lünnemann, Central Bank of Luxembourg
  
15:00 - 16:30 IO: ORGANIZATION AND CONTRACTS A (EEA)
Chairperson: Ingela Alger, Carleton University
Room N32
  ORGANIZATIONAL INNOVATION AND PRODUCTIVITY GROWTH: ASSESSING THE IMPACT OF OUTSOURCING ON FIRM PERFORMANCE
Alberto López, UNIVERSIDAD COMPLUTENSE DE MADRID

  
  SUPPLIER-BUYER PROXIMITY AND PRODUCTION TO ORDER CHOICE
Gaetano Alfredo Minerva, Università di Bologna
Co-Author: Lorenzo Casaburi, University of Bologna and Harvard University

  
  DECISION STRUCTURES IN FRANCHISE SYSTEMS OF THE PLURAL FORM
Sebastian Kranz, University of Bonn
Co-Author: Shira B. Lewin-Solomons, University of Cambridge
  
15:00 - 16:30 INDUSTRIAL ORGANIZATION I A (EEA)
Chairperson: Laurent Linnemer, CREST-LEI
Room N33
  IS THERE A U-SHAPED RELATION BETWEEN COMPETITION AND INVESTMENT?
Dario Sacco, University of Zurich
Co-Author: Armin Schmutzler, University of Zurich

  
  INDUSTRY EQUILIBRIUM WITH RANDOM EXIT OR DEFAULT
Svetlana Boyarchenko, University of Texas, Austin

  
  INFORMATION GATHERING EXTERNALITIES IN PRODUCT MARKETS
Vicente Cunat, London School of Economics
Co-Authors: Heski Bar-Isaac, New York University and Guillermo Caruana, CEMFI
  
15:00 - 16:30 CONTRIBUTED SESSIONS 3A
ESEM: Theoretical and Applied Economics

15:00 - 16:30 MONETARY POLICY 2(A) (ESEM TAE)
Chairperson: Eurilton Araujo, Ibmec Sao Paulo
Room A
  ENDOGENOUS NOMINAL RIGIDITIES AND MONETARY POLICY
Takushi Kurozumi, Bank of Japan
Co-Authors: Naoko Hara, Bank of Japan and Takeshi Kimura, Bank of Japan

  
  OPTIMAL MONETARY POLICY WITH CREDIT AUGMENTED LIQUIDITY CYCLES
Ester Faia, University of rome at Tor Vergata

  
  MONETARY POLICY UNDER A CURRENCY BOARD
Marius Jurgilas, Elon University
  
15:00 - 16:30 MECHANISMS (A) (ESEM TAE)
Chairperson: Timofiy Mylovanov, University of Bonn
Room B
  DIRECT MECHANISMS, MENUS AND LATENT CONTRACTS
Gwenael Piaser, Université du Luxembourg

  
  ALLOCATING SCARCE RESOURCES: WHAT MONEY CAN'T BUY
Condorelli Daniele, University College London

  
  OPTIMAL GRADING
Robertas Zubrickas, Stockholm School of Economics
  
15:00 - 16:30 BANKING(A) (ESEM TAE)
Chairperson: Rafael Repullo, CEMFI
Room C
  DOES COMPETITION REDUCE THE RISK OF BANK FAILURE?
Rafael Repullo, CEMFI
Co-Author: David Martinez-Miera, CEMFI

  
  MARKET STRUCTURE AND THE DIFFUSION OF ELECTRONIC BANKING
Jason Allen, Bank of Canada

  
  CREDIT RISK TRANSFER IN BANKING MARKETS WITH HARD AND SOFT INFORMATION
Hendrik Hakenes, University of Hannover
Co-Author: Isabel Schnabel, University of Mainz
  
15:00 - 16:30 POLITICAL ECONOMY (INSTITUTIONS) (ESEM TAE)
Chairperson: Matteo Cervellati, University of Bologna
Room D
  DEMOCRATIZATION AND ENDOGENOUS CONSTITUTIONS
Matteo Cervellati, University of Bologna
Co-Authors: Piergiuseppe Fortunato, and Uwe Sunde, University of St.Gallen

  
  WHY IS LAW ENFORCEMENT DECENTRALIZED?
Guillaume Cheikbossian, Toulouse School of Economics
Co-Author: Nicolas Marceau, UQAM

  
  VOTING ON DEVOLUTION IN A FEDERAL COUNTRY WITH A BICAMERAL NATIONAL SYSTEM
Lisa Grazzini, University of Florence
Co-Author: Alessandro Petretto, University of Florence
  
15:00 - 16:30 INDUSTRIAL ORGANIZATION (DISCRIMINATION) (ESEM TAE)
Chairperson: Martin Peitz, University of Mannheim
Room E
  ADVANCE-PURCHASE DISCOUNTS AS A PRICE DISCRIMINATION DEVICE
Martin Peitz, University of Mannheim
Co-Author: Volker Nocke, University of Oxford

  
  GENERAL SCREENING WITHOUT SINGLE-CROSSING CONDITION: DISTORTION, EFFICIENCY AND OVERALL EFFICIENCY REVISITED
Sergey Kokovin, Novosibirsk State University
Co-Authors: Babu Nahata, University of Louisville and Evgeny Zhelobodko, Novosibirsk State University

  
  PRODUCT INNOVATION AND IMITATION IN A DUOPOLY WITH DIFFERENTIATION BY ATTRIBUTES
Reynald-Alexandre Laurent, Paris School of Economics
  
15:00 - 16:30 BUSINESS CYCLES 2(A) (ESEM TAE)
Chairperson: Jaime Casassus, Pontificia Universidad Catolica de Chile
Room 11
  EQUILIBRIUM COMMODITY PRICES WITH IRREVERSIBLE INVESTMENT AND NON-LINEAR TECHNOLOGIES
Jaime Casassus, Pontificia Universidad Catolica de Chile
Co-Authors: Pierre Collin Dufresne, and Bryan Routledge, Carnegie Mellon University

  
  BUSINESS CYCLES IN DEVELOPING VS. DEVELOPED COUNTRIES: THE IMPORTANCE OF THE INFORMAL ECONOMY
Paulina Restrepo Echavarria, UCLA

  
  EXCESSIVE DEMAND AND BOOM-BUST CYCLES
Patrick Pintus, Université de la Méditerranée and GREQAM-IDEP
Co-Author: Yi Wen, Federal Reserve Bank of St. Louis
  
15:00 - 16:30 GROUPS AND CLUBS (ESEM TAE)
Chairperson: Frank Rosar, University of Mannheim
Room 12
  GROUP DECISIONS WITH DISPERSED INFORMATION AND INTERDEPENDENT PREFERENCES
Frank Rosar, University of Mannheim

  
  DYNAMICS AND STABILITY OF CONSTITUTIONS, COALITIONS, AND CLUBS
Egorov Georgy, Harvard University
Co-Authors: Daron Acemoglu, MIT and Konstantin Sonin, New Economic School

  
  THEMATIC CLUBS AND THE SUPREMACY OF NETWORK EXTERNALITIES
Joana Resende, CORE, Université catholique de Louvain and University of Porto
Co-Author: Jean J. Gabszewicz, CORE, Universite' Catholique du Louvain
  
15:00 - 16:30 EXPERIMENTS IN ECONOMICS(A) (ESEM TAE)
Chairperson: Wolfgang Luhan, University of Oldenburg
Room 13
  AS IF OR WHAT? EXPECTATIONS AND OPTIMIZATION IN A SIMPLE MACROECONOMIC ENVIRONMENT
Wolfgang Luhan, University of Oldenburg
Co-Author: Michael Roos, Technische Universität Dortmund

  
  NON-STACKELBERG OUTCOMES IN STACKELBERG DUOPOLY EXPERIMENTS: A PARSIMONIOUS MODEL AND MAXIMUM LIKELIHOOD ESTIMATION
Sau-Him Lau, University of Hong Kong

  
  HEALTH AND KNOWLEDGE THE UK MMR CONTROVERSY
Dan Anderberg, Royal Holloway University of London
  
15:00 - 16:30 LAW AND ECONOMICS (ESEM TAE)
Chairperson: Sebastian Galiani, Washington University in Saint Louis
Room 14
  CONSCRIPTION AND CRIME
Sebastian Galiani, Washington University in Saint Louis
Co-Authors: Martin Rossi, Universidad de San Andres and Ernesto Schargrodsky, Universidad Torcuato di Tella

  
  PLAINTIFFS EXPLOITING PLAINTIFFS
Alexander Stremitzer, University of Bonn

  
  RACIAL PROFILING, PREJUDICE, AND STATISTICAL DISCRIMINATION
Dragan Ilic, University of Basel
  
15:00 - 16:30 CONTRIBUTED SESSIONS 3A
ESEM: Econometrics and Empirical Economics

15:00 - 16:30 GROWTH A (ESEM EEE)
Chairperson: Jan Magnus, Tilburg University
Room 15
  EMPIRICAL EVIDENCE ON GROWTH AND VOLATILITY
Martin Zagler, WU Wien
Co-Author: Michael Stastny, Erste Bank

  
  ASSESSING THE EFFECT OF CURRENT ACCOUNT AND CURRENCY CRISES ON ECONOMIC GROWTH
Christian Aßmann, CAU Kiel, Germany

  
  A DYNAMIC EFFICIENCY MODEL TO TEST FOR TECHNOLOGICAL CONVERGENCE
Camilla Mastromarco, University of Salento
Co-Author: Laura Serlenga, University of Bari
  
15:00 - 16:30 DSGE MODELS A (ESEM EEE)
Chairperson: Giulio Nicoletti, Bank of Italy
Room 21
  ESTIMATING A SMALL DSGE MODEL UNDER RATIONAL AND MEASURED EXPECTATIONS: SOME COMPARISONS
Maritta Paloviita, Bank of Finland

  
  EVALUATING THE FORECASTING PERFORMANCE OF A DSGE-VAR FOR A SMALL OPEN ECONOMY
Ida Wolden Bache, Norges Bank (Central Bank of Norway)

  
  ESTIMATION OF A DSGE MODEL UNDER VAR EXPECTATIONS
Luca Fanelli, UNiversity of Bologna
  
15:00 - 16:30 BAYESIAN METHODS A (ESEM EEE)
Chairperson: Martijn van Hasselt, The University of Western Ontario
Room 22
  BAYESIAN UNIT ROOT TESTS AND MARGINAL LIKELIHOOD
Aart de Vos, Free University
Co-Author: Marc Francke, Free University

  
  THE MARGINAL LIKELIHOOD OF STRUCTURAL TIME SERIES MODELS, WITH APPLICATION TO THE US AND THE EURO AREA NAIRU
Alessandro Rossi, Joint Research Centre of the European Commission
Co-Authors: Gabriele Fiorentini, Universita degli studi di Firenze and Christophe Planas, Joint Research Centre of European Commission

  
  LONG-TERM STRATEGIC ASSET ALLOCATION: AN OUT-OF-SAMPLE EVALUATION
Bart Diris, University Maastricht - Finance/QE department
Co-Authors: Franz Palm, Maastricht University and Peter Schotman, Maastricht University
  
15:00 - 16:30 LONG MEMORY I A (ESEM EEE)
Chairperson: Jan Scheithauer,
Room 23
  A COMPLETE ASYMPTOTIC SERIES FOR THE AUTOCOVARIANCE FUNCTION OF A LONG MEMORY PROCESS
Offer Lieberman, University of Haifa
Co-Author: Peter C.B. Phillips, Yale University

  
  LONG MEMORY MODELLING OF INFLATION WITH STOCHASTIC VARIANCE AND STRUCTURAL BREAKS
Marius Ooms, VU University Amsterdam
Co-Authors: Charles Bos, VU University Amsterdam and Siem Jan Koopman, VU University, Amsterdam

  
  A REPRESENTATION THEORY FOR POLYNOMIAL COFRACTIONALITY IN VECTOR AUTOREGRESSIVE MODELS
Massimo Franchi, University of Insubria
  
15:00 - 16:30 EDUCATION CHOICES A (ESEM EEE)
Chairperson: Ricardo Madeira, University of Sao Paulo
Room 24
  DOES SPEED SIGNAL ABILITY? THE IMPACT OF GRADE REPETITIONS ON EMPLOYMENT AND WAGES
Robert Gary-Bobo, CREST-INSEE
Co-Authors: Thomas Brodaty, THEMA University of Cergy-Pontoise and Ana Prieto, CNRS University of Cergy-Pontoise

  
  CHOOSING THE FIELD OF STUDY IN FRENCH POST-SECONDARY EDUCATION: DO EXPECTED EARNINGS MATTER?
Arnaud Maurel, CREST-ENSAE,PSE
Co-Authors: Magali Beffy, CREST-IZA-INSEE-DEPP and Denis Fougere, CNRS, CRESt-INSEE, IZA, CEPR, Banque de France

  
  STUDENTS' REVEALED PREFERENCES AND RANKING OF SCHOOL QUALITY
Sartarelli Marcello, European University Institute
  
15:00 - 16:30 FORECASTING I A (ESEM EEE)
Chairperson: Henri Nyberg, University of Helsinki
Room 25
  INFORMATION COMBINATION AND FORECAST (ST)ABILITY. EVIDENCE FROM VINTAGES OF TIME-SERIES DATA
Matteo Ciccarelli, European Central Bank
Co-Author: Carlo Altavilla, University of Naples ''Parthenope''

  
  DYNAMIC MODELLING AND FORECASTING OF REALIZED COVARIANCE MATRICES
Chiriac Roxana, University of Konstanz
Co-Author: Valeri Voev, University of Konstanz

  
  UTILIZING FINANCIAL MARKET INFORMATION IN FORECASTING REAL GROWTH, INFLATION AND REAL EXCHANGE RATE
Marko Korhonen, University of Turku
Co-Author: Juha-Pekka Junttila, University of Oulu
  
15:00 - 16:30 NONPARAMETRICS IN TIME SERIES A (ESEM EEE)
Chairperson: Dorothea Schaefer, DIW Berlin
Room 31
  DATA-DRIVEN ADAPTIVE RATE-OPTIMAL NONPARAMETRIC TESTING FOR THE ABSENCE OF SERIAL CORRELATION
Stepana Lazarova, Queen Mary, University of London
Co-Authors: Alain Guay, CIRPEE and CIRQ, Universite du Quebec a Montreal and Emmanuel Guerre, Queen Mary, University of London

  
  NONPARAMETRIC REGRESSION WITH STATIONARY AND NONSTATIONARY VARIABLES
Melanie Schienle, Mannheim University
Co-Author: Kyusang Yu, mannheim university

  
  THE SENSITIVITY OF NONPARAMETRIC MISSPECIFICATION TESTS TO DISTURBANCE AUTOCORRELATION
Andrea Vaona, University of Lugano
  
15:00 - 16:30 ASSET PRICING A (ESEM EEE)
Chairperson: Martin Kliem, Humboldt Universität zu Berlin
Room 32
  A BAYESIAN PANEL DATA APPROACH TO EXPLAINING MARKET BETA DYNAMICS
Rik Frehen, Maastricht University
Co-Authors: Rob Bauer, Maastricht University, Mathijs Cosemans, Maastricht University and Peter Schotman, Maastricht University

  
  THE CONDITIONAL RELATION BETWEEN FAMA-FRENCH BETAS AND RETURN
Christian Westheide, Bonn Graduate School of Economics, University of Bonn
Co-Author: Stefan Koch, Bonn Graduate School of Economics, University of Bonn

  
  NONPARAMETRIC ESTIMATION OF CONDITIONAL BETA PRICING MODELS
Susan Orbe, University of the Basque Country
Co-Authors: Eva Ferreira, University of the Basque Country and Javier Gil, University Carlos III
  
15:00 - 16:30 INDUSTRIAL ORGANISATION A (ESEM EEE)
Chairperson: Isabelle Perrigne, Pennsylvania State University
Room 33
  SPATIAL COMPETITION IN THE FRENCH SUPERMARKET INDUSTRY
Stéphane Turolla, University Montpellier I -Laser

  
  EFFICIENT COMPETITION? TESTING THE 'QUIET LIFE' OF U.S. BANKS WITH ADJUSTED LERNER INDICES
Michael Koetter, University of Groningen
Co-Authors: Jim Kolari, Texas A&M University and Laura Spierdijk, University of Groningen

  
  SIZE MATTERS: ECONOMIES OF SCALE IN EUROPEAN PAYMENTS PROCESSING
Wilko Bolt, De Nederlandsche Bank
Co-Author: Christine Beijnen, Ministerie van Buitenlandse Zaken
  
15:00 - 16:30 TESTING: TIME SERIES A (ESEM EEE)
Chairperson: Ignacio Lobato, ITAM
Room 34
  SIMPLE WALD TESTS OF THE FRACTIONAL INTEGRATION PARAMETER: AN OVERVIEW OF NEW RESULTS
Juan J. Dolado, Universidad Carlos III

  
  OPTIMAL INVARIANT TESTS FOR AUTOREGRESSIVE COEFFICIENTS IN LINEAR REGRESSIONS WITH GAUSSIAN POSSIBLY NONSTATIONARY AR(2) ERRORS
Malika Neifar, ISGIS
Co-Author: JEAN-MARIE DUFOUR, McGill University

  
  CRITICAL VALUES FOR LINEARITY TESTS IN TIME-VARYING SMOOTH TRANSITION AUTOREGRESSIVE MODELS WHEN DATA ARE HIGHLY PERSISTENT
Rickard Sandberg, Stockholm School of Economics
  
16:30 - 16:45 BREAK

16:45 - 17:45 CONTRIBUTED SESSIONS 3B
EEA

16:45 - 17:45 AUCTIONS I B (EEA)
Chairperson: Frank Rosar, University of Mannheim
Room N10
  ON BIDDING MARKETS: THE ROLE OF COMPETITION
Gino Loyola, Universidad Carlos III de Madrid

  
  ASYMMETRIC PROCUREMENT SYSTEMS
Frank Rosar, University of Mannheim
Co-Author: Florian Mueller, McKinsey
  
16:45 - 17:45 THE POLITICAL ECONOMY OF PUBLIC SECTOR EFFICIENCY B (EEA)
Chairperson: Lasse Holbøll Westh Nielsen, Department of Economics, University of Copenhagen
Room N12
  RENT-SEEKING DISTORTIONS AND FISCAL PROCYCLICALITY
Ethan Ilzetzki, University of Maryland

  
  FISCAL TRANSPARENCY AND PROCYCLICAL FISCAL POLICY
Lasse Holbøll Westh Nielsen, Department of Economics, University of Copenhagen
Co-Author: Asger Lau Andersen, Department of Economics, University of Copenhagen
  
16:45 - 17:45 ASSET PRICING: EMPIRICS B (EEA)
Chairperson: Anisha Ghosh, London School of Economics
Room N14
  EXPECTED INFLATION, EXPECTED STOCK RETURNS, AND MONEY ILLUSION: WHAT CAN WE LEARN FROM SURVEY EXPECTATIONS?
Andreas Schrimpf, Center for European Economic Research
Co-Author: Maik Schmeling, Leibniz Universitaet Hannover

  
  CAN RARE EVENTS EXPLAIN THE EQUITY PREMIUM PUZZLE?
Anisha Ghosh, London School of Economics
Co-Author: Christian Julliard, London School of Economics
  
16:45 - 17:45 BEHAVIORAL ECONOMICS I B (EEA)
Chairperson: Marko Terviö, UC Berkeley
Room N15
  SICKNESS ABSENCE AND SOCIAL INTERACTIONS - EVIDENCE FROM A SWEDISH MUNICIPALITY
Mattias Bokenblom, Örebro University
Co-Author: Kristin Ekblad, Örebro University

  
  SELF-ESTEEM, MORAL CAPITAL AND WRONGDOING
Marko Terviö, UC Berkeley
Co-Author: Ernesto Dal Bo, Stanford University
  
16:45 - 17:45 INCENTIVE SYSTEMS B (EEA)
Chairperson: Alois Stutzer, University of Basel
Room N11
  EVIDENCE ON PERFORMANCE PAY AND RISK AVERSION
Christian Grund, University of Wuerzburg
Co-Author: Dirk Sliwka, University of Cologne

  
  BLOOD DONATIONS AND INCENTIVES: EVIDENCE FROM A FIELD EXPERIMENT
Alois Stutzer, University of Basel
Co-Author: Lorenz Goette, Federal Reserve Bak of Boston
  
16:45 - 17:45 MERGERS B (EEA)
Chairperson: Kai-Uwe Kuhn, University of Michigan
Room N13
  SETTLEMENT IN MERGER CASES: REMEDIES AND LITIGATION
Thomas Cortade, ID2 and BETA UMR CNRS 7522 University of Metz
Co-Authors: Bertrand Chopard, BETA UMR CNRS 7522 and Andreea Cosnita, EconomiX UMR CNRS 7166, University Paris X Nanterre

  
  ON THE COORDINATED EFFECTS OF CONGLOMERATE MERGERS
Kai-Uwe Kuhn, University of Michigan
  
16:45 - 17:45 BANKING BEHAVIOR AND REGULATION B (EEA)
Chairperson: Xavier Mateos-Planas, University of Southampton
Room N16
  CREDIT CARD REDLINING
Ethan Cohen-Cole, Federal Reserve Bank of Boston

  
  CREDIT LINES
Xavier Mateos-Planas, University of Southampton
Co-Author: Victor Rios-Rull, University of Minnesota
  
16:45 - 17:45 BUSINESS CYCLES AND FLUCTUATIONS B (EEA)
Chairperson: Mauro Bambi, Center of Economic Research ETH-Zurich
Room N17
  RULE-OF-THUMB CONSUMERS, PRODUCTIVITY AND HOURS
Francesco Furlanetto, Norges Bank
Co-Author: Martin Seneca, university of Aarhus

  
  (IN)DETERMINACY AND TIME TO BUILD
Mauro Bambi, Center of Economic Research ETH-Zurich
Co-Author: Omar Licandro, EUI- European University Institute
  
16:45 - 17:45 SEARCH, MATCHING AND SORTING B (EEA)
Chairperson: Anne Bucher, GAINS
Room N18
  PARTIAL EMPLOYMENT PROTECTION AND DELAYING RETIREMENT : WHICH EFFECTS ON EMPLOYMENT OVER THE LIFE CYCLE?
Pierre-Jean Messe, Laboratoire d'Economie et de Management de Nantes

  
  YOUTH EMPLOYMENT AND LABOR MARKET INTEGRATION
Anne Bucher, GAINS
  
16:45 - 17:45 POLITICAL ECONOMY: ELECTIONS AND VOTING B (EEA)
Chairperson: Tommaso Nannicini, Universidad Carlos III de Madrid
Room N19
  IT´S THE MEDIA, STUPID - HOW MEDIA ACTIVITY SHAPES PUBLIC SPENDING
Oliver Himmler, Goettingen University
Co-Author: Christian Bruns, Goettingen University

  
  ELECTORAL RULES AND POLITICIANS' BEHAVIOR: A MICRO TEST
Tommaso Nannicini, Universidad Carlos III de Madrid
Co-Authors: Stefano Gagliarducci, CEMFI and Paolo Naticchioni, University of Rome La Sapienza
  
16:45 - 17:45 PENSIONS AND SOCIAL SECURITY B (EEA)
Chairperson: Joao Luis B Gondim, Toulouse School of Economics
Room N20
  INFORMALITY AND CONTRIBUTION EVASION: EVIDENCE FROM BULGARIA
Valeria Perotti, University of Rome Tor Vergata

  
  PAYG'S ADJUSTMENT TO DEMOGRAPHIC SHOCKS WITH FULLY-RATIONAL VOTERS
Joao Luis B Gondim, Toulouse School of Economics
Co-Author: Emmanuel Thibault, Toulouse School of Economics
  
16:45 - 17:45 MONETARY POLICY UNDER UNCERTAINTY B (EEA)
Chairperson: Juan Paez-Farrell, Cardiff University
Room N21
  ROBUST-SATISFICING MONETARY POLICY UNDER PARAMETER UNCERTAINTY
Øyvind Eitrheim, Norges Bank
Co-Authors: Farooq Akram, Central Bank of Norway and Yakov Ben-Haim, Technion - Israel Institute of Technology

  
  PARAMETER MISSPECIFICATION AND OPTIMAL DISCRETIONARY MONETARY POLICY
Juan Paez-Farrell, Cardiff University
  
16:45 - 17:45 MIGRATION: ETHNICITY B (EEA)
Chairperson: Alberto Bisin, NYU
Room N22
  SHOULD I STAY, OR SHOULD I GO? AN EVALUATION OF IMMIGRANTS' ASSIMILATION FROM THE ECHP
Domenico Depalo, Tor Vergata University, Rome

  
  BEND IT LIKE BECKHAM: ETHNIC IDENTITY AND INTEGRATION
Alberto Bisin, NYU
Co-Authors: Eleonora Patacchini, Università di Roma La sapienza and Verdier Thierry,
 
16:45 - 17:45 LABOUR SUPPLY B (EEA)
Chairperson: Guyonne Kalb, University of Melbourne
Room N23
  LABOR SUPPLY RESPONSES IN THE FACE OF INCOME UNCERTAINTIES. A PANEL DATA ANALYSIS OF MOONLIGHTING AND TIME ALLOCATION DECISIONS OF UKRAINIAN WORKERS
Alexander M. Danzer, DIW Berlin

  
  THE CASE FOR LABOUR SUPPLY INCENTIVES: A COMPARISON OF FAMILY POLICIES IN AUSTRALIA AND NORWAY
Guyonne Kalb, University of Melbourne
Co-Author: Thor Thoresen, Statistics Norway
  
16:45 - 17:45 LABOR MARKETS AND MACROECONOMIC DYNAMICS B (EEA)
Chairperson: Vivian Carstensen, University ASc Bielefeld, Leibniz University Hannover
Room N24
  UNEMPLOYMENT INSURANCE AND CULTURAL TRANSMISSION: THEORY & APPLICATION TO EUROPEAN UNEMPLOYMENT
Jean-Baptiste Michau, London School of Economics

  
  WORKING TIME ACCOUNTS AS A MUTUAL INSURANCE REFINEMENT OF THE EQUILIBRIUM UNEMPLOYMENT MODEL OF EFFICIENCY WAGES
Vivian Carstensen, University ASc Bielefeld, Leibniz University Hannover
  
16:45 - 17:45 IO: VERTICAL RELATIONS B (EEA)
Chairperson: Silvester Vankoten, Cerge-EI
Room N25
  GAS RELEASE AND TRANSPORT CAPACITY INVESTMENT AS INSTRUMENTS TO FOSTER COMPETITION IN GAS MARKETS
Corinne Chaton, University of Alberta (CABREE)
Co-Authors: Farid Gasmi, TSE IDEI, Marie-Laure Guillerminet, Hamburg University (FNU) and Juan D. Oviedo, Universidad del Rosario, Bogotá

  
  LEGALLY SEPARATED JOINT OWNERSHIP OF BIDDER AND AUCTIONEER: ILLUSTRATED BY THE PARTIAL DEREGULATION OF THE EU ELECTRICITY MARKETS€
Silvester Vankoten, Cerge-EI
  
16:45 - 17:45 GAME THEORY B (EEA)
Chairperson: Ferdinand von Siemens, Ludwig-Maximilians-Universität
Room N27
  EFFICIENT RISK SHARING IN THE PRESENCE OF A PUBLIC GOOD, WITH AN APPLICATION TO CHILD SUPPORT
Christine Hauser, Collegio Carlo Alberto and CHILD

  
  NEGATIVE EXTERNALITIES AND EQUILIBRIUM EXISTENCE IN COMPETITIVE MARKETS WITH ADVERSE SELECTION
Ferdinand von Siemens, Ludwig-Maximilians-Universität
Co-Author: Michael Kosfeld, University of Zurich
  
16:45 - 17:45 HEALTH ECONOMICS: INCENTIVES B (EEA)
Chairperson: Hendrik Schmitz, Ruhr Graduate School in Economics
Room N28
  THE EFFECT OF REIMBURSEMENT FEE CHANGES ON THE SERVICE LEVEL FOR LABORATORY TESTS IN NORWEGIAN PRIMARY CARE
Roar Gjelsvik, University of Bergen/Department of economics

  
  INSURANCE STATE AND THE NUMBER OF DOCTOR VISITS – A LATENT CLASS PANEL APPROACH WITH GERMAN DATA
Hendrik Schmitz, Ruhr Graduate School in Economics
  
16:45 - 17:45 MONETARY POLICY AND FINANCIAL MARKETS B (EEA)
Chairperson: Yiting Li, National Taiwan University
Room N29
  MONETARY POLICY AND HERD BEHAVIOR IN NEW-TECH INVESTMENT
Aude Pommeret, University of Lausanne and University of Savoie
Co-Authors: Olivier Loisel, Banque de France and Cepremap and Frank Portier, GREMAQ-IDEI

  
  CURRENCY AND CHECKING DEPOSITS AS MEANS OF PAYMENT
Yiting Li, National Taiwan University
  
16:45 - 17:45 IO: REGULATION B (EEA)
Chairperson: Giacomo Calzolari, University of Bologna
Room N30
  SELECTION EFFECTS IN REGULATED MARKETS
Alexei Parakhonyak, Tinbergen Institute and Erasmus Universiteit Rotterdam

  
  REGULATING A MULTI-UTILITY FIRM
Giacomo Calzolari, University of Bologna
Co-Author: Carlo Scarpa, University of Brescia
  
16:45 - 17:45 PRICE STICKINESS B (EEA)
Chairperson: Thomas Eife, University of Heidelberg
Room N31
  RESTAURANT PRICES AND THE MINIMUM WAGE
Erwan Gautier, Banque de France
Co-Authors: Denis Fougere, CNRS, CRESt-INSEE, IZA, CEPR, Banque de France and Hervé Le Bihan, Banque de France

  
  DO MENU COSTS MAKE PRICES STICKY?
Thomas Eife, University of Heidelberg
  
16:45 - 17:45 INTERNATIONAL FINANCE AND EXCHANGE RATES B (EEA)
Chairperson: Michael Kumhof, International Monetary Fund
Room N26
  EXCHANGE RATE FORECASTERS’ PERFORMANCE AND RATIONALITY
Rafael Rebitzky, Leibniz Universität Hannover
Co-Author: Lukas Menkhoff, Leibniz Universitaet Hannover

  
  WHY TRADERS SHOULD BE FLOATERS
Michael Kumhof, International Monetary Fund
Co-Authors: Guillermo Calvo, Columbia University and Ondra Kamenik, International Monetary Fund
  
16:45 - 17:45 IO: ORGANIZATION AND CONTRACTS B (EEA)
Chairperson: Ingela Alger, Carleton University
Room N32
  PATTERN BARGAINING AND VERTICAL INTEGRATION IN BILATERAL MONOPOLY WITH DOWNSTREAM UNIONIZATION
Yohanes E. Riyanto, Department of Economics, National University of Singapore
Co-Authors: Aekapol Chongvilaivan, Department of Economics, National University of SIngapore and Jung Hur, Department of Economics, National University of SIngapore

  
  SURPLUS AND INFORMATION IN A FIRM'S MAKE-OR-BUY DECISION
Ingela Alger, Carleton University
Co-Authors: Ching-to Albert Ma, Boston University and Régis Renault, Thema, Université de Cergy-Pontoise
  
16:45 - 17:45 INDUSTRIAL ORGANIZATION I B (EEA)
Chairperson: Laurent Linnemer, CREST-LEI
Room N33
  REGULATION OF PHARMACEUTICALS AFTER GENERIC ENTRY
Rafael Morais, Toulouse School of Economics / UCL

  
  PRICE AND ADVERTISING AS SIGNALS WITH ASYMMETRIC INFORMATION ON BOTH QUALITY AND COSTS
Laurent Linnemer, CREST-LEI
  
16:45 - 17:45 CONTRIBUTED SESSIONS 3B
ESEM: Theoretical and Applied Economics

16:45 - 17:45 MONETARY POLICY 2(B) (ESEM TAE)
Chairperson: Eurilton Araujo, Ibmec Sao Paulo
Room A
  ROBUST MONETARY POLICY WITH THE CONSUMPTION-WEALTH CHANNEL
Eurilton Araujo, Ibmec Sao Paulo

  
  ADOPTING PRICE LEVEL TARGETING UNDER IMPERFECT CREDIBILITY
Malik Shukayev, Bank of Canada
Co-Authors: Oleksiy Kryvtsov, Bank of Canada and Alexander Ueberfeldt, Bank of Canada
  
16:45 - 17:45 MECHANISMS (B) (ESEM TAE)
Chairperson: Elisabeth Schulte, Mannheim University
Room B
  BETTER INFORMATION GENERATION THROUGH INACCURATE SIGNALING DEVICES
Elisabeth Schulte, Mannheim University
Co-Author: Frank Rosar, University of Mannheim

  
  DECENTRALIZED INFORMATION, CROSS-BORDER EXTERNALITIES AND THE COST OF CENTRALIZATION
Antoine Loeper, Kellogg School of Management, Northwestern University
  
16:45 - 17:45 BANKING(B) (ESEM TAE)
Chairperson: Alexander Tieman, IMF
Room C
  INNOVATION IN BANKING AND EXCESSIVE LOAN GROWTH
Alexander Tieman, IMF
Co-Author: Daniel Hardy, IMF

  
  LIQUIDITY SHORTAGES AND MONETARY POLICY
Jin Cao, Ph.D. Student
Co-Author: Gerhard Illing, Professor
  
16:45 - 17:45 INDUSTRIAL ORGANIZATION (MERGERS) (ESEM TAE)
Chairperson: Grigory Kosenok, New Economic School
Room E
  LIMITS OF ACQUISITION IN PRICE COMPETING INDUSTRY
Grigory Kosenok, New Economic School

  
  PRICING, INVESTMENTS AND MERGERS WITH INTERTEMPORAL CAPACITY CONSTAINTS
Nikolaos Vettas, Athens University
Co-Authors: Charalambos Christou, Athens University of Economics and Business and Rossitsa Kotseva, University of Cyprus
  
16:45 - 17:45 BUSINESS CYCLES 2(B) (ESEM TAE)
Chairperson: Filippo Ferroni, Universitat Pompeu Fabra
Room 11
  DID THE TAX POLICY MITIGATE THE US BUSINESS CYCLES ?
Filippo Ferroni, Universitat Pompeu Fabra

  
  INTEREST RATE AND BUSINESS CYCLES IN A CREDIT CONSTRAINED SMALL OPEN ECONOMY
Sarquis Sarquis, London School of Economics
  
16:45 - 17:45 EXPERIMENTS IN ECONOMICS(B) (ESEM TAE)
Chairperson: Johannes Abeler, University of Bonn and IZA
Room 13
  REFERENCE-DEPENDENT PREFERENCES AND LABOR SUPPLY
Johannes Abeler, University of Bonn and IZA
Co-Authors: Armin Falk, University of Bonn and IZA Bonn, Lorenz Goette, Federal Reserve Bak of Boston and David Huffman, Swarthmore College and IZA Bonn

  
  JOB SATISFACTION AND HAPPINESS: NEW EVIDENCE FROM JAPANESE UNION WORKERS
Katsunori Yamada, Japan Society for the Promotion of Science and Graduate School of Economics, Osaka University
Co-Authors: Adrian de la Garza, Department of Economics, Yale University, Takashi Saito, Research Center for Advanced Policy Studies, Kyoto University and Atsushi San-nabe, Research Center for Advanced Policy Studies, Kyoto University
  
16:45 - 17:45 CONTRIBUTED SESSIONS 3B
ESEM: Econometrics and Empirical Economics

16:45 - 17:45 GROWTH B (ESEM EEE)
Chairperson: Jan Magnus, Tilburg University
Room 15
  SHRINKING CROSS-COUNTRY GROWTH REGRESSIONS
Marek Jarocinski, European Central Bank

  
  A COMPARISON OF TWO AVERAGING TECHNIQUES WITH AN APPLICATION TO GROWTH EMPIRICS
Jan Magnus, Tilburg University
  
16:45 - 17:45 DSGE MODELS B (ESEM EEE)
Chairperson: Giulio Nicoletti, Bank of Italy
Room 21
  ON THE STATISTICAL IDENTIFICATION OF DSGE MODELS
Alessia Paccagnini, Bocconi University PhD Student
Co-Authors: Agostino Consolo, and Carlo A. Favero,

 
  DSGE MODELLING WITH LONG MEMORY DYNAMICS
Giulio Nicoletti, Bank of Italy
Co-Author: Gianluca Moretti, Banca d''italia
  
16:45 - 17:45 BAYESIAN METHODS B (ESEM EEE)
Chairperson: Martijn van Hasselt, The University of Western Ontario
Room 22
  POSSIBLY ILL-BEHAVED POSTERIORS IN ECONOMETRIC MODELS: ON THE CONNECTION BETWEEN MODEL STRUCTURES, NON-ELLIPTICAL CREDIBLE SETS AND NEURAL NETWORK SIMULATION TECHNIQUES
Lennart Hoogerheide, Erasmus University Rotterdam
Co-Author: Herman van Dijk, Eramus

  
  BAYESIAN INFERENCE IN THE SAMPLE SELECTION AND TWO-PART MODELS
Martijn van Hasselt, The University of Western Ontario
  
16:45 - 17:45 EDUCATION CHOICES B (ESEM EEE)
Chairperson: Ricardo Madeira, University of Sao Paulo
Room 24
  HOW ACCOUNTABILITY, AUTONOMY AND PRIVATE OPERATION OF SCHOOLS IMPACT ON THE EQUITY OF STUDENT ACHIEVEMENT: INTERNATIONAL EVIDENCE FROM PISA 2003
Gabriela Schuetz, Ifo Institute at the University of Munich
Co-Authors: Martin R. West, Brown University and Ludger Wössmann, Ifo Insitute of Economic Research

  
  THE EFFECTS OF DECENTRALIZATION ON SCHOOLING: EVIDENCE FROM THE SAO PAULO STATE'S EDUCATION REFORM
Ricardo Madeira, University of Sao Paulo
  
16:45 - 17:45 LONG MEMORY I B (ESEM EEE)
Chairperson: Jan Scheithauer,
Room 23
  AN EASY TEST FOR INDEPENDENCE BETWEEN TWO STATIONARY LONG MEMORY PROCESSES VIA AR APPROXIMATIONS, WITH AN APPLICATION TO THE VOLATILITY OF FOREIGN EXCHANGE RATES
Shin-huei Wang, CORE

  
  TESTING AGAINST A CHANGE FROM SHORT TO LONG MEMORY
Jan Scheithauer,
Co-Author: Uwe Hassler, Goethe University Frankfurt
  
16:45 - 17:45 FORECASTING I B (ESEM EEE)
Chairperson: Henri Nyberg, University of Helsinki
Room 25
  A SIMPLE HYBRID BOOTSTRAP TEST FOR PREDICTIVE ABILITY BASED ON AUTOREGRESSIONS
Biing-Shen Kuo, Dept Int''l Business, Nat''l Chenchi U
Co-Authors: Cheng-Feng Lee, National Kaohsiung University of Applied Sciences and Ching-Chuan Tsong , National Chinan University

  
  FORECASTING THE DIRECTION OF THE U.S. STOCK MARKET WITH DYNAMIC BINARY PROBIT MODELS
Henri Nyberg, University of Helsinki
  
16:45 - 17:45 NONPARAMETRICS IN TIME SERIES B (ESEM EEE)
Chairperson: Dorothea Schaefer, DIW Berlin
Room 31
  A NON-PARAMETRIC INVESTIGATION OF RISK PREMIA
Chiara Peroni, University of East Anglia

  
  THE DEFAULT RISK OF FIRMS EXAMINED WITH SMOOTH SUPPORT VECTOR MACHINES
Dorothea Schaefer, DIW Berlin
Co-Authors: Wolfgang Haerdle, Humboldt University of Berlin, Yeh Yi-Ren , National Taiwan University of Science and Technology, Department of Computer Science Information Engineering, Taipei 106, and Lee Yuh-Jye, National Taiwan University of Science and Technology, Department of Computer Science Information Engineering, Taipei 106
  
16:45 - 17:45 ASSET PRICING B (ESEM EEE)
Chairperson: Martin Kliem, Humboldt Universität zu Berlin
Room 32
  CONDITIONAL ASSET PRICING WITH A LARGE INFORMATION SET
Emanuel Moench, Federal Reserve Bank of New York

  
  HABIT PREFERENCES AND THE CROSS-SECTION OF ASSET RETURNS: A BAYESIAN APPROACH
Martin Kliem, Humboldt Universität zu Berlin
  
16:45 - 17:45 INDUSTRIAL ORGANISATION B (ESEM EEE)
Chairperson: Isabelle Perrigne, Pennsylvania State University
Room 33
  PROFITABILITY OF PRICING MENU WITH FLAT FEE
Babu Nahata, University of Louisville
Co-Authors: Sergey Kokovin, Novosibirsk State University and Evgeny Zhelobodko, Novosibirsk State University

  
  NONLINEAR PRICING IN YELLOW PAGES
Isabelle Perrigne, Pennsylvania State University
Co-Author: yao huang, pennsylvania state university
  
16:45 - 17:45 TESTING: TIME SERIES B (ESEM EEE)
Chairperson: Ignacio Lobato, ITAM
Room 34
  SPECIFICATION TESTS FOR NONLINEAR TIME SERIES MODELS
Igor Kheifets, Universidad Carlos III de Madrid

  
  AN AUTOMATIC PORTMANTEAU TEST FOR SERIAL CORRELATION
Ignacio Lobato, ITAM
Co-Author: Juan Carlos Escanciano, Indiana University
  
16:45 - 17:45 ECONOMETRICS (ESEM EEE)
Chairperson:
Room 14
17:45 - 18:15 COFFEE BREAK

18:15 - 19:30 ES PRESIDENTIAL ADDRESS

18:15 - 19:30 ES PRESIDENTIAL ADDRESS (ESEM TAE)
Chairperson:
Room
  STATE CAPACITY, CONFLICT, AND DEVELOPMENT
Torsten Persson, Econometric Society
  

The Congress Programme is subject to last minute changes.

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