EEA-ESEM 2009: Congress Programme

The Congress Programme is subject to last minute changes.

This version of the Programme was viewed at 06/07/2009 12:06:28

Sun 23 Aug | MONDAY 24 AUGUST 2009 | Tue 25 Aug | Wed 26 Aug | Thu 27 Aug.

DAY OVERVIEW
09:30 - 11:30 INVITED SESSIONS 1
INVITED SESSIONS ECONOMETRICS 1 (ESEM EEE)
12:00 - 14:00 CONTRIBUTED SESSIONS 2
CONTRIBUTED SESSIONS ECONOMETRICS 2 (ESEM EEE)
15:30 - 17:30 CONTRIBUTED SESSIONS 3
CONTRIBUTED SESSIONS ECONOMETRICS 3 (ESEM EEE)
18:15 - 19:30 PLENARY SESSION 2 ESEM

09:30 - 11:30 INVITED SESSIONS 1
EEA

09:30 - 11:30 PERSISTENCE OF POVERTY (EEA)
Chairperson: Omer Moav, Royal Holloway and Hebrew University of Jerusalem
Organizer: Omer Moav, Royal Holloway and Hebrew University of Jerusalem
Room
  ASPIRATIONS, SEGREGATION AND OCCUPATIONAL CHOICE
Stefan Napel, University Bayreuth
Co-Authors: Dilip Mookherjee, Boston University and Debraj Ray, New York University and Instituto de An ́ lisis Economico (CSIC)

  
  CULTURAL DIVERSITY AND COMPARATIVE DEVELOPMENT
Oded Galor, Brown University
Co-Author: Quamrul Ashraf, Brown University

  
  CONSPICUOUS CONSUMPTION, HUMAN CAPITAL AND POVERTY
Omer Moav, Royal Holloway and Hebrew University of Jerusalem
Co-Author: Zvika Neeman, Boston University
  
09:30 - 11:30 POLITICAL ECONOMY II (EEA)
Chairperson: Jose G. Montalvo, Universitat Pompeu Fabra
Room
  OPIUM FOR THE MASSES? CONFLICT-INDUCED NARCOTICS PRODUCTION IN AFGHANISTAN
Fredrik Willumsen, Department of Economics, University of Oslo
Co-Authors: Jo Thori Lind, Department of Economics, University of Oslo and Karl Ove Moene, Department of Economics, University of Oslo

  
  VIOLENCE, DEMOCRATIZATION AND RULE OF LAW
Matteo Cervellati, University of Bologna
Co-Authors: Piergiuseppe Fortunato, United Nations and Uwe Sunde, University of St.Gallen

  
  ASYMMETRIC INFORMATION, RENT EXTRACTION AND AID EFFICIENCY
Julia Cage, Harvard University

  
  POLITICAL LEADERS, DEVELOPMENT AND CONFLICT
Jose G. Montalvo, Universitat Pompeu Fabra
Co-Authors: Timothy Besley, London School of Economics and Marta Reynal-Querol, Universitat Pompeu Fabra
  
09:30 - 11:30 THEORIES OF INTERNAL ORGANIZATION AND VERTICAL INTEGRATION (EEA)
Chairperson: Jacques Crémer, GREMAQ, University of Toulouse I
Organizer: Jacques Crémer, GREMAQ, University of Toulouse I
Room
  KNOWLEDGE EXCHANGES IN THE MARKET AND IN THE FIRM
Luis Garicano, London School of Economics
Co-Author: William Fuchs, University of Chicago

  
  ORGANIZATIONAL CONTRACTING
Nino Matouschek, Kellogg School of Management

  
  INCENTIVES AND VERTICAL INTEGRATION
Jacques Crémer, GREMAQ, University of Toulouse I
  
09:30 - 11:30 TRADE LIBERALIZATION (EEA)
Chairperson: Pol Antras, Harvard University
Organizer: Pol Antras, Harvard University
Room
  THE UNEQUAL EFFECTS OF TRADE ON WORKERS WITH DIFFERENT ABILITIES
Elhanan Helpmann, Harvard University
Co-Authors: Oleg Itskhoki, Harvard University and Stephen Redding, London School of Economics

  
  FACTOR ABUNDANCE, LABOR MARKET RIGIDITIES, AND COMPARATIVE ADVANTAGE
Alejandro Cunat, London School of Economics
Co-Author: Marc Melitz, Princeton University

  
  ON THE ROLE OF MACROECONOMIC AND FINANCIAL FACTORS DURING TRADE LIBERALIZATIONS
Pol Antras, Harvard University
Co-Author: Ricardo Caballero, MIT Department of Economics
  
09:30 - 11:30 INVITED SESSIONS 1
ESEM: Econometrics and Empirical Economics

09:30 - 11:30
INVITED SESSIONS ECONOMETRICS 1(ESEM EEE)

ECONOMETRIC MODELING (ESEM EEE)
Chairperson: Herman Bierens, Pennsylvania State University
Room
  FLEXIBLE MODELLING OF DURATION TIME MODELS
Goeran Kauermann, Bielefeld

  
  CONDITIONAL MOMENT RESTRICTIONS AND TRIANGULAR SIMULTANEOUS EQUATIONS
Jin Hahn, UCLA
  
12:00 - 14:00 CONTRIBUTED SESSIONS 2
EEA

12:00 - 14:00 AGGREGATE EFFECTS OF THE OIL PRICE (EEA)
Chairperson: Daniel Mirza, University of Tours and CEPII
Room
  DO CHINA AND OIL EXPORTERS INFLUENCE MAJOR CURRENCY CONFIGURATIONS?
Arnaud Mehl, European Central Bank
Co-Author: Marcel Fratzscher, European Central Bank

  
  OIL AND THE EURO AREA ECONOMY
Gert Peersman, Ghent University
Co-Author: Ine Van Robays, Ghent University

  
  OIL PRICE SHOCKS: DEMAND VS SUPPLY IN A TWO-COUNTRY MODE
Alessia Campolmi, Central European University and Magyar Nemzeti Bank

  
  OIL PRICES, GEOGRAPHY AND ENDOGENOUS REGIONALISM : TOO MUCH ADO ABOUT (ALMOST) NOTHING
Daniel Mirza, University of Tours and CEPII
Co-Author: Habib Zitouna, Ecole Supérieure des Sciences Economiques et Commerciales de Tunis
  
12:00 - 14:00 AUCTIONS I (EEA)
Chairperson: Laurent Lamy, Paris School of Economics (PSE)
Room
  AFFILIATION AND DEPENDENCE IN AUCTIONS
Luciano de Castro, University of Illinois at Urbana-Champaign

  
  BEST-OF-THREE CONTESTS
Aner Sela, Ben-Gurion University

  
  COMPETITION BETWEEN AUCTION HOUSES: A SHILL BIDDING PERSPECTIVE
Laurent Lamy, Paris School of Economics (PSE)
  
12:00 - 14:00 BANKING AND FINANCIAL DEVELOPMENT II (EEA)
Chairperson: Olivier Brossard, Toulouse University-LEREPS
Room
  DO FINANCIAL CONSTRAINTS MATTER FOR FOREIGN MARKET ENTRY? A FIRM-LEVEL EXAMINATION
Joel Stiebale, RWI Essen

  
  REGIONAL BANKS AND ECONOMIC DEVELOPMENT
Hendrik Hakenes, University of Hannover
Co-Authors: Reinhard H. Schmidt, Goethe-University Frankfurt, Department of Finance and Ru Xie, Goethe-University Frankfurt, Department of Finance

  
  BEING A FOREIGNER AMONG DOMESTIC BANKS: ASSET OR LIABILITY?
Neeltje van Horen, Dutch Central Bank
Co-Author: Stijn Claessens, International Monetary Fund

  
  OWNERSHIP CONCENTRATION AND MARKET DISCIPLINE IN THE EUROPEAN BANKING INDUSTRY
Olivier Brossard, Toulouse University-LEREPS
Co-Author: Tristan AUVRAY, Toulouse University
  
12:00 - 14:00 BEHAVIORAL ECONOMICS I (EEA)
Chairperson: Julia Nafziger, Aarhus University
Room
  SHIFTING THE BLAME: ON DELEGATION AND RESPONSIBILITY
Björn Bartling, University of Zurich
Co-Author: Urs Fischbacher, University of Konstanz

  
  FORGETTING WE FORGET: OVERCONFIDENCE AND MEMORY
Keith Ericson, Harvard University

  
  INDECISIVENESS IN BEHAVIORAL WELFARE ECONOMICS
Michael Mandler, Royal Holloway College, University of London

  
  COMMITMENT TO SELF-REWARDS
Julia Nafziger, Aarhus University
Co-Author: Alexander K Koch, Aarhus University
  
12:00 - 14:00 BUSINESS CYCLES I (EEA)
Chairperson: Adina Popescu, European Central Bank
Room
  VINTAGE CAPITAL IN MATCHING MODELS WITH CREDIBLE BARGAINING
Linas Tarasonis, CREST

  
  DYNAMIC HIERARCHICAL FACTOR MODELS
Emanuel Moench, Federal Reserve Bank of New York
Co-Authors: Serena Ng, Columbia University and Simon Potter, Federal Reserve Bank of New York

  
  WAGE RIGIDITY, INSTITUTIONS, AND INFLATION
Fredrik Wulfsberg, Norges Bank
Co-Author: Steinar Holden, University of Oslo

  
  WAR AND PEACE - A NEOCLASSICAL EXPLANATION FOR THE RESPONSE OF PRIVATE CONSUMPTION TO GOVERNMENT SPENDING SHOCKS
Adina Popescu, European Central Bank
  
12:00 - 14:00 COMPETITION POLICY (EEA)
Chairperson: Alexander Rasch, University of Cologne, Department of Economics
Room
  COMPARING PRE-MERGER NOTIFICATION MECHANISMS. INCENTIVES AND EFFICIENCY OF MANDATORY AND VOLUNTARY SCHEMES
Aldo Gonzalez, University of Chile
Co-Author: Daniel Benitez, World Bank

  
  DETERRENCE OF HORIZONTAL MERGERS: EMPIRICAL EVIDENCE FROM U.S. INDUSTRIES
Jo Seldeslachts, Wzb

  
  PRIVATE ANTITRUST ENFORCEMENT IN THE PRESENCE OF PRE-TRIAL BARGAINING
Sylvain Bourjade, Toulouse Business School
Co-Authors: Patrick Rey, Toulouse School of Economics and IDEI and Paul Seabright, Toulouse School of Economics and IDEI

  
  THE DETERRENCE EFFECT OF EXCLUDING RINGLEADERS FROM LENIENCY PROGRAMS
Alexander Rasch, University of Cologne, Department of Economics
Co-Author: Jesko Herre, University of Cologne, Department of Economics
  
12:00 - 14:00 CONSUMER BEHAVIOR: THEORY I (EEA)
Chairperson: Robertas Zubrickas, Stockholm School of Economics
Room
  EXISTENCE OF EQUILIBRIA IN A BEWLEY MODEL WITH PERMANENT INCOME SHOCKS
Moritz Kuhn, University of Mannheim

  
  AN AFRIAT THEOREM FOR THE COLLECTIVE MODEL OF HOUSEHOLD CONSUMPTION
Bram De Rock, Ecares, ULB
Co-Authors: Laurens Cherchye, KULeuven and Frederic Vermeulen, CentER, Tilvurg University

  
  HOW EXPOSURE TO MARKETS CAN FAVOR INEQUITY-AVERSE PREFERENCES
Robertas Zubrickas, Stockholm School of Economics
  
12:00 - 14:00 CORPORATE FINANCE II (EEA)
Chairperson: Eva Carceles, Stony Brook University
Room
  EXPERIENCE AND EXPERTISE OF CEOS AND THE PERFORMANCE OF MERGERS AND ACQUISITIONS.
Daniel Metzger, London School of Economics
Co-Author: Claudia Custodio, Department of Management, London School of Economics

  
  MANAGERIAL POWER, STOCK-BASED COMPENSATION, AND FIRM PERFORMANCE: THEORY AND EVIDENCE
Xiangkang Yin, La Trobe University
Co-Authors: Chongwoo Choe, Monash University and Gloria Tian, University of New South Wales

  
  BUY-TO-SELL VERSUS BUY-TO-KEEP: A PRODUCT MARKET THEORY OF BUYOUTS
Joacim Tag, Research Institute of Industrial Economics
Co-Authors: Pehr-Johan Norback, Research Institute of Industrial Economics and Lars Persson, Research Institute of Industrial Economics and CEPR

  
  EQUITY ISSUANCE AND DIVIDEND POLICY UNDER COMMITMENT
Eva Carceles, Stony Brook University
Co-Authors: Alexis Anagnostopoulos, Stony Brook University and Albert Marcet, IAE-CSIC
  
12:00 - 14:00 CRIME (EEA)
Chairperson: Paolo Vanin, University of Bologna
Room
  DOES CRIME BREED INEQUALITY? THEORY AND EVIDENCE FROM THE FAVELAS IN RIO DE JANEIRO
Filipe Campante, Harvard University
Co-Author: Igor Barenboim, Rio de Janeiro Municipal Secretariat for Public Management

  
  JOB LOSS AND CRIME
Kjetil Telle, Research Dept., Statistics Norway
Co-Authors: Mari Rege, University of Stavanger, Torbjorn Skardhamar, Statistics Norway and Mark Votruba, Case Western Reserve University

  
  MOBILE CRIMINALS, IMMOBILE CRIME: AN EFFICIENCY CASE FOR DECENTRALIZED LAW ENFORCEMENT
Martin Gregor, IES, Charles University Prague
Co-Author: Lenka Šastná, IES, Charles University Prague

  
  "THOU SHALT NOT COVET ...": CRIME, TEMPTATIONS AND MORAL VALUES
Paolo Vanin, University of Bologna
Co-Author: Matteo Cervellati, University of Bologna
  
12:00 - 14:00 DECISION MAKING OF CHILDREN (EEA)
Chairperson: Juan M. Gallego , TSE and Ld''A
Room
  ARE SOCIAL PREFERENCES STABLE IN CHILDHOOD AND ADOLESCENCE? A LARGE-SCALE EXPERIMENT IN AUSTRIA AND SWEDEN
Daniela Rützler, University of Innsbruck
Co-Authors: Martin Kocher, University of Munich, Peter Martinsson, University of Gothenburg, Katarina Nordblom, University of Gothenburg and Matthias Sutter, University of Innsbruck

  
  ENVY AND ALTRUISM IN CHILDREN
Kirsten Häger, Friedrich Schiller University, EIC

  
  GENDER DIFFERENCES IN TIME ALLOCATION OF POOR CHILDREN IN RURAL COLOMBIA
Juan M. Gallego , TSE and Ld''A
Co-Author: Carlos E. Sepulveda, DANE - Bogotá
  
12:00 - 14:00 ECONOMICS OF EDUCATION I (EEA)
Chairperson: Florentino Felgueroso, Universidad de Oviedo & Fedea
Room
  ABILITY, SCHOOLING INPUTS AND EARNINGS: EVIDENCE FROM THE NELS
Ozkan Eren, University of Nevada, Las Vegas

  
  DOES UNIVERSITY QUALITY DRIVE INTERNATIONAL STUDENT FLOWS?
Linda Van Bouwel, Katholieke Universiteit Leuven
Co-Author: Reinhilde Veugelers, Katholieke Universiteit Leuven

  
  SCHOOL SORTING: THE EFFECTS OF IMMIGRATION
Lucila Berniell, Universidad Carlos III de Madrid

  
  IMMIGRATION AND STUDENTS' ACHIEVEMENT IN SPAIN
Florentino Felgueroso, Universidad de Oviedo & Fedea
Co-Authors: Pablo Vazquez, Fedea and Natalia Zinovyeva, FEDEA
  
12:00 - 14:00 ECONOMICS OF THE HOUSEHOLD II (EEA)
Chairperson: Peter Egger, Ifo Institute, LMU Munich
Room
  ARE CHILD BENEFITS FUNGIBLE?: EVIDENCE FROM A NATURAL POLICY EXPERIMENT
Panayiota Lyssiotou, University of Cyprus

  
  DRIVING UNDER THE INFLUENCE OF OUR FATHERS
Matthew Lindquist, Stockholm University
Co-Author: Randi Hjalmarsson, University of Maryland

  
  COMPENSATING DIFFERENTIALS IN TIME-USE OF COUPLES
Shoshana Grossbard, San DIego State University
Co-Authors: Jose Ignacio Gimenez Nadal, University of Zaragoza and José Alberto Molina, University of Zaragoza and IZA

  
  FAMILY INCOME SPLITTING AND THE NUMBER OF CHILDREN
Peter Egger, Ifo Institute, LMU Munich
Co-Author: Doina Radulescu, University of Munich, Center for Economic Studies
 
12:00 - 14:00 EMPIRICAL FINANCE I (EEA)
Chairperson: Peyton Young, University of Oxford
Room
  TESTS OF TIME-INVARIANCE BASED ON QUANTILE INDICATORS
Fabio Busetti, Bank of Italy

  
  THE INFLUENCE OF BUY-SIDE ANALYSTS ON MUTUAL FUND TRADING
Stefan Frey, University of Tuebingen
Co-Author: Patrick Herbst, Goethe University Frankfurt

  
  UNDERSTANDING VOLATILITY DYNAMICS IN THE EU-ETS MARKET: LESSONS FROM THE FUTURE
Maria Eugenia Sanin Vazquez, Université catholique de Louvain, CORE
Co-Author: Francesco Violante, FUNDP Namur and CORE-UCLouvain

  
  A MARTINGALE TEST FOR ALPHA
Peyton Young, University of Oxford
Co-Authors: Dean Foster, University of Pennsylvania and robert Stine, University of Pennsylvania
  
12:00 - 14:00 ENVIRONMENTAL ECONOMICS I (EEA)
Chairperson: Santiago J. Rubio, University of Valencia
Room
  DO INSTITUTIONS AFFECT SUSTAINABILITY?
Jana Stoever, Hamburg University & Hamburg Institute of International Economics (HWWI)

  
  EXTERNAL BALANCE, DYNAMIC EFFICIENCY, AND THE WELFARE COSTS OF UNILATERAL PERMIT POLICY IN INTERDEPENDENT ECONOMIES
Karl Farmer, University of Graz
Co-Author: Birgit Bednar-Friedl, University of Graz

  
  AGING SOCIETY, HEALTH AND THE ENVIRONMENT
Balestra Carlotta, Catholic University of Louvain, CORE
Co-Author: Davide Dottori, Catolic University of Louvain

  
  NEOCLASSICAL GROWTH, ENVIRONMENT AND TECHNOLOGICAL CHANGE: THE ENVIRONMENTAL KUZNETS CURVE
Santiago J. Rubio, University of Valencia
Co-Authors: José R. García, University of Valencia and José L. Hueso,
 
12:00 - 14:00 EXCHANGE RATES I (EEA)
Chairperson: Philippe Bacchetta, Université de Laussane
Room
  INTERNATIONAL AND INTRA-NATIONAL REAL EXCHANGE RATES: EVIDENCE AND THEORY
Viktoria Hnatkovska, UBC
Co-Author: Michael Devereux, UBC

  
  INTERNATIONAL INVESTMENT POSITIONS AND EXCHANGE RATE DYNAMICS: A DYNAMIC PANEL ANALYSIS
Christian Offermanns, Goethe University Frankfurt
Co-Author: Michael Binder, Goethe University Frankfurt and Center for Financial Studies

  
  THE COMPOSITION OF GOVERNMENT SPENDING AND THE REAL EXCHANGE RATE
Vahagn Galstyan, Trinity College Dublin
Co-Author: Philip Lane, Trinity College Dublin

  
  ON THE UNSTABLE RELATIONSHIP BETWEEN EXCHANGE RATES AND MACROECONOMIC FUNDAMENTALS
Philippe Bacchetta, Université de Laussane
  
12:00 - 14:00 FOREIGN DIRECT INVESTMENT I (EEA)
Chairperson: Francisco Veiga, Universidade do Minho
Room
  DISTANCE COSTS AND FOREIGN MULTINATIONAL ACTIVITIES.
Farid Toubal, University of Angers, PSE, CEPII
Co-Author: Joern Kleinert, Eberhard Karls University Tuebingen

  
  FDI SPILLOVERS AND THE ROLE OF LOCAL FINANCIAL MARKETS: EVIDENCE FROM MEXICO
Carolina Villegas Sanchez, University of Houston

  
  FINANCIAL GLOBALIZATION, CONVERGENCE AND GROWTH
Francisco Veiga, Universidade do Minho
Co-Author: Delfim Gomes Neto, Universidade de Vigo
  
12:00 - 14:00 GROWTH I (EEA)
Chairperson: Ingrid Ott, Kiel Institute for the World Economy
Room
  QUALITY AND QUANTITY IN THE PROCESS OF DEVELOPMENT
Ana Hidalgo Cabrillana, University Carlos III de Madrid
Co-Author: Amparo Castelló-Climent, Institute of International Economics

  
  THE POLITICS OF GROWTH: CAN LOBBYING RAISE GROWTH AND WELFARE?
Paulo Júlio, UNL - Department of Economics

  
  FROM MALTHUS TO MODERN GROWTH: CHILD LABOR, SCHOOLING AND HUMAN CAPITA
Edgar Vogel, MEA, University of Mannheim

  
  DETERMINANTS OF GROWTH AND CONVERGENCE IN INDUSTRIALIZED ECONOMIES WITH HETEROGENEOUS ENTREPRENEURS
Ingrid Ott, Kiel Institute for the World Economy
Co-Author: Dirk Dohse, Kiel Institute for the World Economy
  
12:00 - 14:00 INDUSTRIAL ORGANIZATION II (EEA)
Chairperson: Christian Wey, DIW Berlin
Room
  DYNAMICS OF KNOWLEDGE-BASED SERVICE INDUSTRY AND OPEN SOURCE
Silvio Petriconi, Universitat Pompeu Fabra
Co-Author: Doh-Shin Jeon, Universitat Pompeu Fabra and Toulouse School of Economics

  
  BEEFING UP THE COMPETITOR: A MODEL OF ADVERTISING COOPERATION BETWEEN INTERNET SEARCH ENGINES
Geza Sapi, German Institute for Economic Research (DIW Berlin)
Co-Author: Irina Suleymanova, DIW Berlin

  
  ASYMMETRIC PRICE RESPONSES TO ENTRY IN DIFFERENTIATED PRODUCTS MARKETS: TIMING AND DETERMINANTS
Cristian Huse, Stockholm School of Economics
Co-Author: Alessandro Oliveira, Latin American Center for Transportation Economics (LACTE), Aeronautics Institute of Technology, Brazil.

  
  BERTRAND COMPETITION IN MARKETS WITH NETWORK EFFECTS AND SWITCHING COSTS
Christian Wey, DIW Berlin
Co-Author: Irina Suleymanova, DIW Berlin
  
12:00 - 14:00 INFORMATION AND UNCERTAINTY (EEA)
Chairperson: Jakub Steiner, University of Edinburgh
Room
  STRATEGIC COMMUNICATION: SCREENING AND SIGNALING IN A JOURNALIST - EDITOR GAME
Ascension Andina-Diaz, Universidad de Malaga

  
  INFORMATION DISCLOSURE IN INNOVATION CONTESTS
Thomas Rieck, University of Bonn

  
  WHO MATTERS IN COORDINATION PROBLEMS?
Jakub Steiner, University of Edinburgh
Co-Author: Jozsef Sakovics, university of Edinburgh
  
12:00 - 14:00 INTERNATIONAL FINANCE II (EEA)
Chairperson: Marta Arespa, Universitat Autònoma de Barcelona
Room
  THE INTERNATIONAL WEALTH EFFECT: A GLOBAL ERROR-CORRECTING ANALYSIS
Nils Holinski, Maastricht University
Co-Author: Robert Vermeulen, University of Luxembourg

  
  DURATION OF CAPITAL MARKET EXCLUSION: STYLIZED FACTS AND DETERMINING FACTORS
Christine Richmond, Anderson Graduate School of Management, UCLA
Co-Author: Daniel Dias, Anderson Graduate School of Management, UCLA

  
  SOVEREIGN RISK PREMIA
Nicola Borri, Boston University
Co-Author: Adrien Verdelhan, Boston University

  
  GAINS FROM FINANCIAL INTEGRATION AND TRADE OPENNESS: A QUANTITATIVE ANALYSIS
Marta Arespa, Universitat Autònoma de Barcelona
  
12:00 - 14:00 INTERNATIONAL TRADE: PRODUCTIVITY (EEA)
Chairperson: Branislav Saxa, Czech National Bank and CERGE-EI
Room
  TRADE COMPLEXITY AND PRODUCTIVITY
Gabor Bekes, MTA Közgazdaságtudományi Intézet
Co-Author: Carlo Altomonte, Bocconi University

  
  WHAT HAPPENS WHEN WAL-MART COMES TO YOUR COUNTRY? MULTINATIONAL FIRMS' ENTRY, PRODUCTIVITY AND INEFFICIENCY
Silvio Contessi, Federal Reserve Bank of St. Louis (research)

  
  PRODUCTIVITY AND THE DECISION TO IMPORT AND EXPORT: THEORY AND EVIDENCE
Beverly Lapham, Queen''s University
Co-Author: Hiroyuki Kasahara, University of Western Ontario

  
  LEARNING-BY-EXPORTING OR MANAGERIAL QUALITY? EVIDENCE FROM THE CZECH REPUBLIC
Branislav Saxa, Czech National Bank and CERGE-EI
  
12:00 - 14:00 LABOR MARKETS: ACTIVE LABOR MARKET PROGRAMS (EEA)
Chairperson: Barbara Hofmann, IAB
Room
  DO WAGE SUBSIDIES AFFECT THE SUBSEQUENT EMPLOYMENT STABILITY OF PERMANENT WORKERS?: THE CASE OF SPAIN
Yolanda F. Rebollo Sanz, Universidad Pablo de Olavide
Co-Author: García Pérez José Ignacio,

 
  HOW DO JOB SEARCH REQUIREMENTS AFFECT RESERVATION WAGES OF OLDER UNEMPLOYED WORKERS?
Anton Nivorozhkin, Institute for Employment Research
Co-Authors: Laura Romeu, DZA, The German Centre of Gerontology and Julia Schneider, IAB, Institute for Employment Research

  
  SICK OF BEING ACTIVATED?
Barbara Hofmann, IAB
  
12:00 - 14:00 MONETARY ECONOMICS I (EEA)
Chairperson: George-Marios Angeletos, MIT
Room
  "LUMPY INVESTMENT AND STATE-DEPENDENT PRICING IN GENERAL EQUILIBRIUM"
Tommy Sveen, Norges Bank
Co-Authors: Michael Reiter, IHS, Vienna and Lutz Weinke, Duke University

  
  PRICES AND MONEY AFTER INTEREST RATE SHOCKS WITH ENDOGENOUS MARKET SEGMENTATION
Andre Silva, Universidade Nova de Lisboa

  
  INFORMATIONAL ADVANTAGE AND INFLUENCE OF COMMUNICATING CENTRAL BANKS
Paul Hubert, SciencesPo - OFCE

  
  DISPERSED INFORMATION OVER THE BUSINESS CYCLE: OPTIMAL FISCAL AND MONETARY POLICY
George-Marios Angeletos, MIT
  
12:00 - 14:00 MONETARY POLICY II (EEA)
Chairperson: Vladimir Sokolov, International College of Economics and Finance
Room
  DEBT AND INFLATION RISK IN A MONETARY UNION
Yvonne Adema, Erasmus School of Economics

  
  ANTICIPATED ALTERNATIVE INSTRUMENT-RATE PATHS IN POLICY SIMULATIONS
Stefan Laseen, Sveriges Riksbank
Co-Author: Lars E.O. Svensson, Sveriges Riksbank and Princeton University

  
  DO CENTRAL BANKS REACT TO HOUSE PRICES?
Daria Finocchiaro, Sveriges Riksbank
Co-Author: Virginia Queijo von Heideken, Sveriges Riksbank

  
  THE IMPACT OF OPEN MARKET OPERATIONS ON THE GOVERNMENT BOND MARKET: MICROSTRUCTURE EVIDENCE
Vladimir Sokolov, International College of Economics and Finance
  
12:00 - 14:00 POLITICAL ECONOMY: ELECTIONS AND VOTING I (EEA)
Chairperson: Mike Felgenhauer, Mannheim University
Room
  DISPROPORTIONATE INFLUENCE? SPECIAL-INTEREST POLITICS UNDER PROPORTIONAL AND MAJORITARIAN ELECTORAL SYSTEMS
Marko Koethenbuerger, University of Copenhagen
Co-Authors: Peter Egger, Ifo Institute, LMU Munich and Michael Smart, University of Toronto

  
  DEMOCRATIC PEACE AND ELECTORAL ACCOUNTABILITY
Nicolas Sahuguet, HEC Montréal
Co-Authors: Paola Conconi, and maurizio zanardi,

 
  THE DESIGN OF MIXED ELECTORAL SYSTEMS AND THEIR IMPACT ON ECONOMIC GROWTH: THE ITALIAN REGIONS CASE
A. Laura Baraldi, Second University of Naples
Co-Authors: Maria Rosaria Alfano, Second University of Naples, Maria Rosaria Alfano, Second University of Naples and Maria Rosaria Alfano, Second University of Naples

  
  REVEALING INFORMATION IN ELECTORAL COMPETITION
Mike Felgenhauer, Mannheim University
  
12:00 - 14:00 CONTRIBUTED SESSIONS 2
ESEM: Theoretical and Applied Economics

12:00 - 14:00 GAME THEORY I (ESEM TAE)
Chairperson: Elias Tsakas, Maastricht University
Room
  UUDERSTANDING STABLE MATCHINGS: A NON-COOPERATIVE APPROACH
Yosuke Yasuda, GRIPS
Co-Authors: Michihiro Kandori, University of Tokyo and Fuhito Kojima, Yale University / Stanford University

  
  CONTEXT-DEPENDENT FORWARD INDUCTION
Amanda Friedenberg, Arizona State University
Co-Author: Pierpaolo Battigalli, Bocconi University

  
  HIDDEN SYMMETRIES AND FOCAL POINTS
Carlos Alos-Ferrer, University of Konstanz
Co-Author: Christoph Kuzmics, Northwestern University

  
  A REASONING APPROACH TO KNOWLEDGE
Elias Tsakas, Maastricht University
Co-Author: Olivier Gossner, Paris School of Economics, UMR CNRS-EHESS-ENPC-ENS
  
12:00 - 14:00 BARGAINING (ESEM TAE)
Chairperson: Jihong Lee, Birkbeck College, University of London and Yonsei University
Room
  INFORMATIONAL DISADVANTAGE AND BARGAINING POWER
Byoung Heon Jun, Korea University
Co-Author: Sung-Hyuk Ko, ETRI

  
  THE TRADE-OFFS FROM PATTERN BARGAINING
Anthony Creane, Michigan State University
Co-Author: Carl Davidson, GEP, University of Nottingham

  
  DOVES AND HAWKS, CONSERVATIVES AND PROGRESSIVES IN A TWO-PLAYER BAYESIAN BARGAINING PROBLEM.
Frans Spinnewyn, Katholieke Universiteit Leuven

  
  THE DYNAMICS OF BARGAINING POSTURES: THE ROLE OF A THIRD PARTY
Jihong Lee, Birkbeck College, University of London and Yonsei University
Co-Author: Qingmin Liu, University of Pennsylvania
  
12:00 - 14:00 CONTRACT THEORY I (ESEM TAE)
Chairperson: David Martimort, Toulouse School of Economics (Idei, Gremaq and EHESS)
Room
  COMMON AGENCY WITH MORAL HAZARD
Jonathan Weinstein, Northwestern University
Co-Authors: Wioletta Dziuda, Kellogg School of Management and Mehmet Ekmekci, MEDS/KSM, Northwestern University

  
  EXIT OPTIONS IN INCOMPLETE CONTRACTS WITH ASYMMETRIC INFORMATION
Helmut Bester, Free University Berlin
Co-Author: Daniel Krähmer, Bonn University

  
  STRATEGIC EFFECTS OF INCOMPLETE AND RENEGOTIATION-PROOF CONTRACTS
Levent Kockesen, Koc University
Co-Author: Emanuele Gerratana,

 
  PUBLIC DELEGATED COMMON AGENCY
David Martimort, Toulouse School of Economics (Idei, Gremaq and EHESS)
  
12:00 - 14:00 EXPERIMENTS I (ESEM TAE)
Chairperson: Sigrid Suetens, Tilburg University
Room
  SEQUENTIAL VERSUS SIMULTANEOUS CONTRIBUTIONS TO PUBLIC GOODS: EXPERIMENTAL EVIDENCE
Daniele Nosenzo, University of Nottingham
Co-Authors: Simon Gaechter, Nottingham, Elke Renner, University of Nottingham and Martin Sefton, University of Nottingham

  
  STRATEGIC RISK AND CO-OPERATIVE RELATIONSHIPS: EXPERIMENTAL EVIDENCE
giancarlo spagnolo, University of Rome Tor Vergata

  
  GIFT EXCHANGE IN THE LAB AND IN THE FIELD - IT IS NOT (ONLY) HOW MUCH YOU GIVE ...
Florian Englmaier, University of Munich
Co-Author: Stephen Leider, Harvard

  
  NAKED EXCLUSION IN THE LAB: A BEHAVIORAL APPROACH TO EXCLUSIVE DEALING
Sigrid Suetens, Tilburg University
Co-Authors: Jan Boone, Tilburg University and Wieland Mueller, Tilburg University, CentER & TILEC
  
12:00 - 14:00 POLITICAL ECONOMY I (ESEM TAE)
Chairperson: Francesco Sobbrio, IMT Lucca
Room
  DOES POLITICAL COMPETITION ELIMINATE RENTS?
Refik Emre Aytimur, Toulouse School of Economics

  
  INFORMATION TRANSMISSION AND INEFFICIENT LOBBYING
Rafael Costa Lima, EPGE\FGV
Co-Author: Humberto Moreira, FGV

  
  POLITICAL ACCOUNTABILITY UNDER SPECIAL INTEREST POLITICS
Georgy Egorov, Harvard University

  
  A CITIZENS-EDITORS MODEL OF NEWS MEDIA
Francesco Sobbrio, IMT Lucca
  
12:00 - 14:00 BUSINESS CYCLES I (ESEM TAE)
Chairperson: Svetlana Boyarchenko, University of Texas, Austin
Room
  AGGREGATE LIQUIDITY, FINANCIAL CONSTRAINTS AND INVESTMENT
Ander Perez, Universitat Pompeu Fabra

  
  BANK CAPITAL, HOUSING AND CREDIT CONSTRAINTS
Daniel Solomon, Universite de Montreal and CIREQ
Co-Author: Jing Yang, Monetary Assessment and Strategy,Bank of England

  
  COMPLEXITY AND CRISES IN FINANCIAL SYSTEMS
Matthew Willison, Bank of England
Co-Authors: Kartik Anand, King's College London, Simon Brennan, Bank of England, Prasanna Gai, Australian National University and Sujit Kapadia, Bank of England

  
  CREDIT RISK, CREDIT CRUNCH AND CAPITAL STRUCTURE
Svetlana Boyarchenko, University of Texas, Austin
  
12:00 - 14:00 MONETARY POLICY I (ESEM TAE)
Chairperson: Ricardo Nunes, Federal Reserve Board
Room
  EXPLICIT INTEREST-RATE RULES
Olivier Loisel, Banque de France and CEPREMAP

  
  MONETARY POLICY WITH STATE CONTINGENT INTEREST RATES
Isabel Correia, Banco de Portugal, Universidade Catolica Portuguesa and CEPR
Co-Authors: Bernardino Adao, Banco de Portugal and Pedro Teles, Banco de Portugal, Universidade Catolica Portuguesa and CEPR

  
  THE FED AND THE TERM STRUCTURE: ADDRESSING SIMULTANEITY WITHIN A STRUCTURAL VAR MODEL
Mira Farka, California State University, Fullerton
Co-Author: Amadeu DaSilva, California State University, Fullerton

  
  THE MACROECONOMIC EFFECTS OF EXTERNAL PRESSURES ON MONETARY POLICY
Ricardo Nunes, Federal Reserve Board
Co-Author: Davide Debortoli, UCSD
  
12:00 - 14:00 LABOR MARKETS I (ESEM TAE)
Chairperson: Eren Inci, Sabanci University
Room
  OVERWORKED AND OVERPAID: FAILURE IN THE MARKET FOR JOB EXPERIENCE
Marko Terviö,

 
  RISING SKILL PREMIUM AND THE DEUNIONIZATION IN THE UNITED STATES
Omer Acikgoz, University of Rochester
Co-Author: Baris Kaymak, Universite de Montreal

  
  SELECTION, SEPARATION, AND UNEMPLOYMENT
Gonul Sengul, University of Texas at Austin

 
  THE OLD-BOY NETWORK AND THE QUALITY OF ENTREPRENEURS
Eren Inci, Sabanci University
Co-Author: Mehmet Baç, Sabanci University
  
12:00 - 14:00 ENVIRONMENTAL ECONOMICS I (ESEM TAE)
Chairperson: Reyer Gerlagh, University of Manchester
Room
  CARBON TAXING AND ALTERNATIVE ENERGY - COMPLEMENTS RATHER THAN SUBSTITUTES
Johan Gars, Institute for International Economic Studies, Stockholm University

  
  HOT STUFF: WOULD CLIMATE CHANGE ALTER TRANSBOUNDARY WATER SHARING TREATIES?
Stefan Ambec, Toulouse School of Economics (INRA-LERNA)
Co-Author: Ariel Dinar, University of California in Riverside

  
  THIRSTY FACTORIES, HUNGRY FARMERS: INTERSECTORAL IMPACTS OF INDUSTRIAL WATER DEMAND
Pinar Keskin, YALE UNIVERSITY

  
  ASSYMETRIC INFORMATION AND EXHAUSTIBLE-RESOURCE DEPENDENCE
Reyer Gerlagh, University of Manchester
Co-Author: Matti Liski, Helsinki School of Economics
  
12:00 - 14:00 CONTRIBUTED SESSIONS 2
ESEM: Econometrics and Empirical Economics

12:00 - 14:00
CONTRIBUTED SESSIONS ECONOMETRICS 2(ESEM EEE)

DURATION ANALYSIS (ESEM EEE)
Chairperson: Arnab Bhattacharjee, University of St Andrews
Room
  A COPULA MODEL FOR DEPENDENT COMPETING RISKS.
Ralf Wilke, University of Nottingham
Co-Author: Simon Lo, University of Freiburg

  
  A DURATION HIDDEN MARKOV MODEL FOR THE IDENTIFICATION OF REGIMES IN STOCK MARKET RETURNS
Christos Ntantamis, CREATES, University of Aarhus

  
  THE CAUSAL IMPACT OF UNEMPLOYMENT DURATION ON JOB QUALITY
Matteo Picchio, Université catholique de Louvain
Co-Author: Bart Cockx, Sherppa, Ghent University

  
  TESTING FOR PROPORTIONAL HAZARDS WITH UNRESTRICTED UNIVARIATE UNOBSERVED HETEROGENEITY
Arnab Bhattacharjee, University of St Andrews
  
12:00 - 14:00 EDUCATIONAL CHOICES (ESEM EEE)
Chairperson: Elodie Alet, Toulouse School of Economics
Room
  KINDERGARTEN ATTENDANCE AND DECISION MAKERS’ POLITICAL LEANING - DIFFERENCE-IN-DIFFERENCES EVIDENCE FROM GERMAN MUNICIPALITIES
Martin Schlotter, Ifo Institute for Economic Research, Munich

  
  KORANIC SCHOOLS IN SENEGAL: AN ACTUAL BARRIER TO FORMAL EDUCATION?
Jean-Luc Demonsant, Universidad de Guanajuato
Co-Author: Pierre Andre, PSE , LEA-INRA

  
  DOES PUBLIC INFORMATION ABOUT SCHOOL QUALITY LEAD TO FLIGHT FROM LOW-ACHIEVING SCHOOLS?
Simon Woodcock, Simon Fraser University
Co-Authors: Jane Friesen, Simon Fraser University and Mohsen Javdani, Simon Fraser University

  
  IS GRADE REPETITION A SECOND CHANCE?
Elodie Alet, Toulouse School of Economics
  
12:00 - 14:00 WAGES AND GENDER (ESEM EEE)
Chairperson: Astrid Kunze, Norwegen School of Economics and Business Administration
Room
  GENDER WAGE GAPS RECONSIDERED: A STRUCTURAL APPROACH USING MATCHED EMPLOYER-EMPLOYEE DATA
Cristian Bartolucci, CEMFI

  
  GENDER WAGE DIFFERENTIALS IN ITALY: A STRUCTURAL ESTIMATION APPROACH
Giovanni Sulis, University of Cagliari, Sardinia and CRENoS

  
  A STRUCTURAL MODEL OF GLASS CEILING
Sébastien Roux, CREST-INSEE
Co-Authors: Laurent Gobillon, INED and Dominique Meurs, INED

  
  DO MALE-FEMALE DIFFERENCES IN JOB SEARCH VARY WITH AGE?
Astrid Kunze, Norwegen School of Economics and Business Administration
Co-Author: Ken R. Troske, University of Kentucky
  
12:00 - 14:00 MONETARY MACROECONOMICS (ESEM EEE)
Chairperson: Marie-Hélène Gagnon, Univeristé Laval
Room
  LIKELIHOOD-BASED RECURSIVE TESTS OF THE ADAPTIVE LEARNING HYPOTHESIS
Luca Fanelli, Department of Statistics, University of Bologna

  
  ARE GOVERNMENT BONDS RISKY ASSETS?
Abhay Abhyankar, University of Edinburgh
Co-Authors: Olga Klinkowska, Universitat Autònoma de Barcelona and Soyeon Lee,

 
  THE DYNAMICS OF FINANCIAL CRISES AND THE RISK TO DEFEND THE EXCHANGE RATE
Bernhard Herz, University of Bayreuth
Co-Author: Christian Bauer, Universität Bayreuth

  
  THE IMPACT OF POLITICAL CONVERGENCE ON TESTS OF FINANCIAL INTEGRATION
Marie-Hélène Gagnon, Univeristé Laval
Co-Authors: Marie-Claude Beaulieu, Université Laval and Lynda Khalaf, Carleton University
  
12:00 - 14:00 RISK (ESEM EEE)
Chairperson: Aurobindo Ghosh, Singapore Management University
Room
  ARE RISK PREFERENCES STABLE ACROSS CONTEXTS? EVIDENCE FROM INSURANCE DATA
Levon Barseghyan, Cornell University
Co-Authors: Jeffrey Prince, Cornell University and Joshua Teitelbaum, Cornell University

  
  WEIGHTED EXPECTED SHORTFALL ESTIMATORS
Andrei Valentin Tanase, University of Rome Tor Vergata
Co-Author: Samantha Leorato, University of Rome Tor Vergata

  
  TESTING DOWNSIDE RISK EFFICIENCY UNDER MARKET DISTRESS
Jesus Gonzalo, Universidad Carlos III de Madrid
Co-Author: Jose Olmo, City University, London

  
  RISKING RETURNS: MOVING FROM PUBLIC TO PRIVATE EQUITY
Aurobindo Ghosh, Singapore Management University
  
12:00 - 14:00 INCENTIVES IN THE FIRM (ESEM EEE)
Chairperson: Elisabetta Trevisan, Tilburg University
Room
  DO FINANCIAL FACTORS AFFECT THE CAPITAL-LABOUR RATIO? EVIDENCE FROM UK FIRM-LEVEL DATA
Marina Spaliara, University of Loughborough

  
  TEAMWORK AND THE COMMERCIALIZATION OF INVENTIONS
Carlos Serrano, University of Toronto
Co-Author: Thomas Astebro, HEC School of Management, Paris

  
  INCIDENCE AND GROWTH OF PATENT THICKETS - THE IMPACT OF TECHNOLOGICAL OPPORTUNITIES AND COMPLEXITY
Georg von Graevenitz, Ludwig Maximilians University
Co-Authors: Dietmar Harhoff, Ludwig Maximilians University and Stefan Wagner, Ludwig Maximilians University

  
  ENFORCEMENT OF EMPLOYMENT PROTECTION AND THE HIRING BEHAVIOR OF FIRMS. EVIDENCE FROM A LARGE ITALIAN REGION
Elisabetta Trevisan, Tilburg University
  
12:00 - 14:00 ECONOMETRIC THEORY 2 (ESEM EEE)
Chairperson: Maria Karlsson, Department of Statistics, Umeå University
Room
  SMOOTHNESS ADAPTIVE AVERAGE DERIVATIVE ESTIMATION
Victoria Zinde-Walsh, McGill University
Co-Author: Marcia Schafgans, London School of Economics and Political Science

  
  TESTING FOR BIVARIATE STOCHASTIC DOMINANCE USING INEQUALITY RESTRICTIONS
Brennan Thompson, Ryerson University
Co-Author: Thanasis Stengos, University of Guelph

  
  ALTERNATIVE ESTIMATING AND TESTING EMPIRICAL STRATEGIES FOR FRACTIONAL REGRESSION MODELS
Joaquim Ramalho, University of Evora
Co-Authors: Jose Murteira, University of Coimbra and Esmeralda Ramalho, University of Evora

  
  LOCAL POLYNOMIAL REGRESSION WITH TRUNCATED OR CENSORED RESPONSE
Maria Karlsson, Department of Statistics, Umeå University
Co-Authors: Eva Cantoni, Department of Econometrics, University of Geneva and Xavier de Luna, Department of Statics, Umeå University
  
12:00 - 14:00 COINTEGRATION (ESEM EEE)
Chairperson: Anders Rahbek, University of Copenhagen
Room
  TESTING FOR COINTEGRATION IN HIGH-DIMENSIONAL SYSTEMS
Jorg Breitung, Bonn
Co-Author: Gianluca Cubadda, Universita di Roma "Tor Vergata"

  
  A BOOTSTRAP ALGORITHM FOR TESTING COINTEGRATION RANK IN VAR MODELS IN THE PRESENCE OF STATIONARY VARIABLES.
Anders Rygh Swensen, Universiy of Oslo

  
  ROBUST INFERENCE IN COINTEGRATED SYSTEMS WITH NEARLY INTEGRATED REGRESSORS
Tassos Magdalinos, University of Nottingham
Co-Author: Peter C. B. Phillips, Yale University

  
  CO-INTEGRATION RANK TESTING UNDER CONDITIONAL HETEROSKEDASTICITY
Anders Rahbek, University of Copenhagen
Co-Authors: Giuseppe Cavaliere, University of Bologna and Robert Taylor, Unversity of Nottingham
  
12:00 - 14:00 VOLATILITY 1 (ESEM EEE)
Chairperson: Philippe Deschamps, University of Fribourg
Room
  MEASURING CAUSALITY BETWEEN VOLATILITY AND RETURNS WITH HIGH-FREQUENCY DATA
Abderrahim Taamouti, Universidad Carlos III de Madrid, Economics
Co-Authors: Jean-Marie Dufour, McGill University, René Garcia, and René Garcia,

 
  ESTIMATING REALIZED SPOT VOLATILITY WITH NOISY HIGH-FREQUENCY DATA
Yang Zu, University of Amsterdam
Co-Author: Peter Boswijk, University of Amsterdam

  
  SPOT VOLATILITY ESTIMATION WITH NONPARAMETRIC LOCAL REGRESSION
Isabel Casas, CREATES (University of Aarhus)
Co-Author: Irene Gijbels, K.U. Leuven

  
  BAYESIAN ESTIMATION OF AN EXTENDED LOCAL SCALE STOCHASTIC VOLATILITY MODEL
Philippe Deschamps, University of Fribourg
  
12:00 - 14:00 APPLIED TIME-SERIES ECONOMETRICS (ESEM EEE)
Chairperson: Inmaculada Martínez-Zarzoso, University of Göttingen
Room
  ROBUST BACKTESTING TESTS FOR VALUE-AT-RISK MODELS
Jose Olmo, City University, London
Co-Author: Juan Carlos Escanciano, Indiana University

  
  ON THE REALIZED VOLATILITY OF THE ECX EMISSIONS 2008 FUTURES CONTRACT: DISTRIBUTION, DYNAMICS AND FORECASTING
Julien Chevallier, Grantham Institute for Climate Change, Imperial College London
Co-Author: Benoît Sévi, University of Angers (GRANEM)

  
  NONLINEAR COINTEGRATION ANALYSIS AND THE ENVIRONMENTAL KUZNETS CURVE
Martin Wagner, Institute for Advanced Studies VIenna
Co-Author: Seung Hyun Hong, Concordia University Montreal

  
  THE LOG OF GRAVITY REVISITED
Inmaculada Martínez-Zarzoso, University of Göttingen
Co-Authors: Felicitas Nowak Lehmann D., University of Goettingen and Sebastian Vollmer, University of Göttingen
  
15:30 - 17:30 CONTRIBUTED SESSIONS 3
EEA

15:30 - 17:30 AGENCY, FAIRNESS AND CONTRACTS (EEA)
Chairperson: Oleg Shchetinin, Toulouse School of Economics
Room
  INCENTIVES AND THE SORTING OF ALTRUISTIC AGENTS INTO STREET-LEVEL BUREAUCRACIES
Margaretha Buurman, Erasmus University Rotterdam ESE
Co-Author: Robert Dur, Erasmus Unversity Rotterdam ESE, Tinbergen Institute, CESifo, IZA

  
  OPTIMAL INCENTIVES UNDER COSTLY CONTRACTING
Trond Olsen,
Co-Author: Ola Kvaloy, University of Stavanger

  
  CONTRACTING UNDER RECIPROCAL ALTRUISM
Oleg Shchetinin, Toulouse School of Economics
  
15:30 - 17:30 ASSET PRICING I (EEA)
Chairperson: Herve Roche, California Polytechnic State University
Room
  ASSET PRICES, FUNDS’ SIZE AND PORTFOLIO WEIGHTS IN EQUILIBRIUM WITH HETEROGENEOUS AND LONG-LIVED FUNDS
Semyon Malamud, ETH Zurich
Co-Author: Jaksa Cvitanic, Caltech, Pasadena

  
  ARBITRAGE OPPORTUNITIES: A BLESSING OR A CURSE?
Roman Kozhan, Warwick Business School
Co-Author: Wing Wah Tham, Erasmus University Rotterdam

  
  ASSET SELECTION AND UNDER-DIVERSIFICATION WITH FINANCIAL CONSTRAINTS AND INCOME: IMPLICATIONS FOR HOUSEHOLD PORTFOLIO STUDIES
Herve Roche, California Polytechnic State University
Co-Author: Stathis Tompaidis, McCombs School of Business, University of Texas at Austin
  
15:30 - 17:30 BEHAVIORAL CONTRACT THEORY (EEA)
Chairperson: Holger Herz, University of Zurich
Room
  CONTRACTUAL AND ORGANIZATIONAL STRUCTURE WITH RECIPROCAL AGENTS
Florian Englmaier, University of Munich
Co-Author: Stephen Leider, Harvard

  
  INSURANCE AND PERCEPTIONS: HOW TO SCREEN OPTIMISTS AND PESSIMISTS
Johannes Spinnewijn, Massachusetts Institute of Technology

  
  SOCIAL INTERACTION, CO-WORKER ALTRUISM, AND INCENTIVES
Joeri Sol, phd-student
Co-Author: Robert Dur, Erasmus Unversity Rotterdam ESE, Tinbergen Institute, CESifo, IZA

  
  AUTHORITY, DELEGATION AND INCENTIVES IN ORGANIZATIONS
Holger Herz, University of Zurich
  
15:30 - 17:30 BUSINESS CYCLES AND AGGREGATE SHOCKS (EEA)
Chairperson: Kevin J. Lansing, Federal Reserve Bank of San Francisco
Room
  MACROECONOMIC DYNAMICS AND SHOCKS IN THE EURO AREA: EVIDENCE FROM DSGE MODEL-BASED IDENTIFICATION IN A DATA-RICH ENVIRONMENT
Pooyan Amir Ahmadi, Humboldt University Berlin

  
  TECHNOLOGY SHOCKS, HOURS WORKED, AND FACTOR SUBSTITUTABILITY
Peter McAdam, European Central Bank
Co-Authors: Cristiano Cantore, University of Kent and Miguel Leon-Ledesma, University of Kent

  
  COMMODITY PRICE SHOCKS AND REAL BUSINESS CYCLES IN SMALL COMMODITY-EXPORTING ECONOMY
Valery Charnavoki, Universidad Carlos III de Madrid

  
  SPECULATIVE GROWTH AND OVERREACTION TO TECHNOLOGY SHOCKS
Kevin J. Lansing, Federal Reserve Bank of San Francisco
 
15:30 - 17:30 CORPORATE FINANCE III (EEA)
Chairperson: Teodora Paligorova, Bank of Canada
Room
  SCARCE MONITORING CAPITAL, UNDERPRICING OF IPOS AND DISCRIMINATION BETWEEN INVESTORS
Sergei Kovbasyuk, TSE

  
  NO BANK, ONE BANK, SEVERAL BANKS; DOES IT MATTER FOR FIRMS' INVESTMENT?
Sonia Ruano, Bank of Spain
Co-Authors: Alexander Karaivanov, Simon Fraser University, Jesús Saurina, Banco de España and Robert Townsend, MIT

  
  CORPORATE RISK-TAKING AND OWNERSHIP STRUCTURE
Teodora Paligorova, Bank of Canada
  
15:30 - 17:30 DEBT AND CRISES IN EMERGING MARKETS (EEA)
Chairperson: Almira Buzaushina, University of Bonn
Room
  SOVEREIGN DEFAULT AND NEGOTIATION: RECOVERY RATES, INTEREST RATE SPREADS, AND CREDIT HISTORY
Tamon Asonuma, Boston University

  
  SOVEREIGN DEFAULT, INTERNATIONAL LENDING AND TRADE
Robert Zymek, GPEFM, Universitat Pompeu Fabra

  
  INTERNATIONAL FINANCIAL SHOCKS IN EMERGING MARKETS
Almira Buzaushina, University of Bonn
Co-Author: Michael Brei, Université d'Evry Val D'Essonne
  
15:30 - 17:30 DEVELOPMENT I (EEA)
Chairperson: Heng Chen, University of Zurich
Room
  ESTIMATING THE LONG-RUN RELATIONSHIP BETWEEN INCOME INEQUALITY AND ECONOMIC DEVELOPMENT
Tuomas Malinen, University of Helsinki

  
  RE-EVALUATING CONDITIONAL CASH TRANSFERS: IS THE OPORTUNIDADES PRIMARY SCHOOL STIPEND NECESSARY?
Marta Rubio-Codina, Institute for Fiscal Studies
Co-Author: Orazio Attanasio, University College of London

  
  THE COMPETITION BETWEEN RELATIONSHIP-BASED MICROFINANCE AND TRANSACTION LENDING
Jan Schrader, Heidelberg University

  
  UNDERDEVELOPMENT OF FINANCIAL MARKETS AND EXCESS CONSUMPTION VOLATILITY IN DEVELOPING COUNTRIES
Heng Chen, University of Zurich
  
15:30 - 17:30 ECONOMICS OF THE HOUSEHOLD: INTRA-FAMILY ALLOCATION (EEA)
Chairperson: Michael Gerfin, Department of Economics, University of Bern
Room
  MOTIVES FOR PARENTAL MONEY TRANSFERS IN EUROPE
Javier Olivera, KULeuven

  
  TIME ALLOCATION, GENDER AND NORMS: EVIDENCE FROM POST-GENOCIDE RWANDA
Kati Schindler, DIW Berlin

  
  ESTIMATING THE ECONOMIES OF SCALE AND THE SHARING RULE IN A COLLECTIVE HOUSEHOLD MODEL
Michael Gerfin, Department of Economics, University of Bern
  
15:30 - 17:30 EDUCATION AND TRAINING (EEA)
Chairperson: Stefan Wolter, University of Bern
Room
  THE EFFECT OF FINANCIAL GRANTS ON CONTINUOUS TRAINING INVESTMENTS OF EMPLOYERS
Katja Görlitz, RWI Essen

  
  YOU LIVE AND LEARN: PRIVATE-SECTOR TRAINING IN GERMANY
Ulf Rinne, IZA

  
  IS IT WORTHWHILE TO FINISH? YOUTH JOB-TRAINING PROGRAMMES AND LOW COMPLETION RATE: THE CASE OF PROJOVEN-PERU
Henry Espinoza, Maastricht University

  
  MONEY MATTERS – EVIDENCE FROM A LARGE-SCALE RANDOMIZED FIELD EXPERIMENT WITH VOUCHERS FOR ADULT TRAINING
Stefan Wolter, University of Bern
Co-Author: Dolores Messer, University of Bern
  
15:30 - 17:30 EMPIRICAL INDUSTRIAL ORGANIZATION I (EEA)
Chairperson: Xiaoheng Zhang, The Economic and Social Research Institute, Ireland
Room
  ARE ADVERTISING AND R&D COMPLEMENTS?
Georg von Graevenitz, Ludwig Maximilians University
Co-Author: Philipp Sandner, Ludwig Maximilians University

  
  MANAGERIAL EFFORT, AGENCY, AND INDUSTRIAL EVOLUTION
Esra Durceylan-Kaygusuz, Bilkent University

  
  MARKET STRUCTURE AND INNOVATION: A DYNAMIC ANALYSIS OF THE GLOBAL AUTOMOBILE INDUSTRY
Aamir Hashmi, National University of Singapore
Co-Author: Johannes Van Biesebroeck, University of Toronto

  
  THE DYNAMICS OF MULTINATIONALS EXPANSION IN THE EUROPEAN PHARMACEUTICAL INDUSTRY
Xiaoheng Zhang, The Economic and Social Research Institute, Ireland
Co-Author: Franco Mariuzzo,
 
15:30 - 17:30 EUROPEAN LABOR MARKETS (EEA)
Chairperson: Mario Mechtel, University of Tuebingen
Room
  FLEXICURITY PATHWAYS IN ITALY: LEARNING FROM DENMARK?
Marianna Madia, AREL
Co-Author: Caterina Giannetti, University of Siena

  
  EU ENLARGEMENT, ECONOMIC INTERDEPENDENCE AND THE LABOR MARKETS IN 'OLD' AND 'NEW' MEMBER STATES
Alessia Lo Turco, Polytechnic University of Marche
Co-Author: Aleksandra Parteka, Gdansk University of Technology

  
  IMPACTS OF MINIMUM WAGES - A MICRO DATA ANALYSIS FOR THE GERMAN CONSTRUCTION SECTOR
Marion Koenig, Institute for Employment Research
Co-Author: Joachim Moeller, Institute for Employment Research

  
  POLITICAL CYCLES IN ACTIVE LABOR MARKET POLICIES
Mario Mechtel, University of Tuebingen
Co-Author: Niklas Potrafke, Univeristy of Konstanz
  
15:30 - 17:30 EVOLUTION AND LEARNING (EEA)
Chairperson: Ana B. Ania, University of Munich
Room
  EVOLUTIONARY STABILITY OF DISCRIMINATION UNDER OBSERVABILITY
Florian Herold, Northwestern University, Kellogg, MEDS
Co-Author: Christoph Kuzmics, Northwestern University

  
  CURSED EQUILIBRIUM: A THEORETICAL REINTERPRETATION AND ITS LEARNING FOUNDATION
Astrid Gamba, Bocconi University

  
  PAYING ATTENTION TO PAYOFFS IN ANALOGY-BASED LEARNING
Topi Miettinen, SITE, Stockholm School of Economics

  
  THE OPEN METHOD OF COORDINATION (OMC) AS AN EVOLUTIONARY LEARNING PROCESS
Ana B. Ania, University of Munich
Co-Author: Andreas Wagener, University of Hannover
  
15:30 - 17:30 EXPERIMENTAL ECONOMICS I (EEA)
Chairperson: Bodo Vogt, Otto-von-Guericke-University Magdeburg
Room
  LIES IN DISGUISE - AN EXPERIMENTAL STUDY ON CHEATING
Urs Fischbacher, University of Konstanz
Co-Author: Franziska Heusi, Thurgau Institute of Economics

  
  TECHNOLOGY ADOPTION IN CRITICAL MASS GAMES: THEORY AND EXPERIMENTAL EVIDENCE
Irina Suleymanova, DIW Berlin
Co-Authors: Claudia Keser, Georg-August-Universität-Göttingen and Christian Wey, DIW Berlin

  
  SIGNALING WITHOUT COMMON PRIOR: AN EXPERIMENT
Michalis Drouvelis, University of York
Co-Authors: Wieland Mueller, Tilburg University, CentER & TILEC and Alex Possajennikov, University of NOttingham

  
  THE ST. PETERSBURG PARADOX DESPITE RISK-SEEKING PREFERENCES: AN EXPERIMENTAL STUDY
Bodo Vogt, Otto-von-Guericke-University Magdeburg
Co-Author: Eike Benjamin Kroll, Otto-von-Guericke-University Magdeburg
  
15:30 - 17:30 FINANCIAL CRISIS AND BANKING (EEA)
Chairperson: Ralph De Haas, European Bank for Reconstruction and Development
Room
  FINANCIAL LIBERALIZATION AND BANKING CRISES
Choudhry Tanveer Shehzad, University of groningen
Co-Author: Jakob De Haan, University of Groningen

  
  INTRA-INDUSTRY CONTAGION EFFECTS OF EARNINGS SURPRISES IN THE BANKING SECTOR
Marcel Prokopczuk, University of Mannheim

  
  A MARKET-BASED MEASURE OF CREDIT QUALITY AND BANKS' PERFORMANCE DURING THE SUBPRIME CRISIS
Martin Knaup, CentER - Tilburg University
Co-Author: Wolf Wagner, CentER, European Banking Center, TILEC, and Department of Economics, Tilburg University

  
  THE STRATEGIC BEHAVIOR OF BANKS DURING A FINANCIAL CRISIS: EVIDENCE FROM THE SYNDICATED LOAN MARKET
Ralph De Haas, European Bank for Reconstruction and Development
Co-Author: Neeltje van Horen, Dutch Central Bank
  
15:30 - 17:30 FINANCIAL INTEGRATION I (EEA)
Chairperson: David Buettner, University of Marburg
Room
  INTRADAY INFORMATION FLOW ON THE EUROPEAN STOCK MARKETS
Evzen Kocenda, Charles University, CERGE
Co-Author: Jan Hanousek, Charles University, CERGE

  
  SOVEREIGN BOND MARKET INTEGRATION: THE EURO, TRADING PLATFORMS AND FINANCIAL CRISES
Alexander Schulz, Deutsche Bundesbank
Co-Author: Guntram WOLFF, European Commission

  
  THE IMPACT OF FOREIGN MACROECONOMIC NEWS ON FINANCIAL MARKETS IN THE CZECH REPUBLIC, HUNGARY, AND POLAND
David Buettner, University of Marburg
Co-Authors: Bernd Hayo, Philipps-University Marburg and Matthias Neuenkirch, Philipps-University Marbrug
  
15:30 - 17:30 FOREIGN DIRECT INVESTMENT II (EEA)
Chairperson: Uwe Böwer, European Commission, DG ECFIN
Room
  MULTINATIONAL OWNERSHIP, INTELLECTUAL PROPERTY RIGHTS AND KNOWLEDGE DIFFUSION FROM FDI
Smeets Roger, Netherlands Bureau for Economic Policy Analysis
Co-Author: Albert de Vaal, Radboud University Nijmegen

  
  FIRM-SPECIFIC FACTOR MARKET CONSTRAINTS AND FDI: EVIDENCE FROM GERMANY
Anselm Mattes, IAW Tuebingen
Co-Authors: Christian Arndt, IAW Tuebingen and Claudia Buch, Uni Tuebingen and IAW

  
  OUTWARD FDI FROM EMERGING MARKETS: EVIDENCE FROM FIRM-LEVEL M&A DATA
Uwe Böwer, European Commission, DG ECFIN
Co-Authors: David Fernandez, European Central Bank and Christian Thimann, European Central Bank
  
15:30 - 17:30 GROWTH II (EEA)
Chairperson: Valeri Sorolla, Universitat Autònoma de Barcelona
Room
  CORRUPTION AND ETHNOLINGUISTIC FRACTIONALIZATION IN A THEORETICAL GROWTH MODEL
Raffaella Coppier, University of Macerata

  
  INTERNATIONAL TRADE, NATURAL RESOURCE ABUNDANCE AND ECONOMIC GROWTH
Beatriz Gaitan, University of Bern
Co-Author: Terry Roe, University of Minnesota

  
  INNOVATIONS & THE EMERGENCE OF SUSTAINED GROWTH
Petros Milionis, Brown University
Co-Author: Mariko Jasmin Klasing, University of St. Gallen

  
  A GENERAL FRAMEWORK FOR GROWTH MODELS WITH NON COMPETITIVE LABOR AND PRODUCT MARKETS AND DISEQUILIBRIUM UNEMPLOYMENT
Valeri Sorolla, Universitat Autònoma de Barcelona
Co-Author: Xavier Raurich, Universitat de Barcelona
  
15:30 - 17:30 INDUSTRIAL ORGANIZATION: INNOVATION I (EEA)
Chairperson: Bettina Peters, ZEW Centre for European Economic Research
Room
  EVALUATING THE INDUSTRIAL CO-OPERATIVE RESEARCH NETWORKS – HOW DO STRUCTURES AND INTERACTIONS CONTRIBUTE TO SUCCESS OF THE PROGRAMME?
Michael Rothgang, RWI Essen
Co-Authors: Bernhard Lageman, RWI Essen and Matthias Peistrup, RWI Essen

  
  ON COMPETITION AND THE STRATEGIC MANAGEMENT OF INTELLECTUAL PROPERTY IN OLIGOPOLY
Jos Jansen, Max Planck Institute, Bonn

  
  STARTING AN R&D PROJECT UNDER UNCERTAINTY
Bettina Peters, ZEW Centre for European Economic Research
Co-Authors: Sabien Dobbelaere, Free University of Amsterdam and Roland Iwan Luttens, Ghent University
  
15:30 - 17:30 INTERGENERATIONAL MOBILITY (EEA)
Chairperson: Manuel Bagues, Universidad Carlos III
Room
  INTERGENERATIONAL TOP INCOME MOBILITY IN SWEDEN – A COMBINATION OF EQUAL OPPORTUNITY AND CAPITALISTIC DYNASTIES
Daniel Waldenström, Research Institute of Industrial Economics
Co-Authors: Anders Björklund, SOFI, Stockholm University and Jesper Roine, SITE, Stockholm School of Economics

  
  ACADEMIC DYNASTIES
Giovanna Labartino, Bocconi University
Co-Authors: Ruben Durante, Brown University, Department of Economics, Roberto Perotti, Bocconi University and Guido Tabellini, Bocconi University

  
  TOP CIVIL SERVICE: MERITOCRACY OR NEPOTISM?
Manuel Bagues, Universidad Carlos III
Co-Author: Berta Esteve-Volart, York University
  
15:30 - 17:30 INTERNATIONAL FACTOR MOBILITY (EEA)
Chairperson: Lena Calahorrano, RWTH Aachen University
Room
  FINANCIAL DEVELOPMENT AND THE PATTERNS OF INTERNATIONAL CAPITAL FLOWS
Haiping Zhang, School of Economics, Singapore Management University
Co-Author: Jürgen Von Hagen, University of Bonn

  
  REMITTANCES, CAPITAL FLOWS AND FINANCIAL DEVELOPMENT DURING THE MASS MIGRATION PERIOD, 1870‐1913
Rui Esteves, University of Oxford
Co-Author: David Khoudour-Casteras, CEPII

  
  WHY DON'T LABOR AND CAPITAL FLOW BETWEEN YOUNG AND OLD COUNTRIES?
Lena Calahorrano, RWTH Aachen University
Co-Author: Philipp an de Meulen, RWTH Aachen University
  
15:30 - 17:30 INTERNATIONAL TRADE AND ECONOMIC INTEGRATION I (EEA)
Chairperson: Vincent Vicard, Banque de France
Room
  ON SUBSIDIES IN TRADE AGREEMENTS
Philip Sauré, Swiss National Bank

  
  ARE FREE TRADE AGREEMENTS CONTAGIOUS?
Dany Jaimovich, GRADUATE INSTITUTE, GENEVA
Co-Author: Richard Baldwin, Graduate Institute

  
  NATIONAL BORDERS MATTER...THEIR DRAWING TOO
Vincent Vicard, Banque de France
Co-Author: Emmanuelle Lavallée, University Paris-Dauphine
  
15:30 - 17:30 LABOR MARKETS AND GENDER (EEA)
Chairperson: Patricia Funk, Universitat Pompeu Fabra
Room
  PEER GROUPS AND EMPLOYMENT OUTCOMES: EVIDENCE BASED ON CONDITIONAL RANDOM ASSIGNMENT IN THE U.S. ARMY
Seo Yeon Hong, RAND
Co-Authors: Pinar Karaca-Mandic, University of Minnesota and Nicole Maestas, RAND

  
  SEXUAL ORIENTATION AND HOUSEHOLD DECISION MAKING. SAME-SEX COUPLES’ BALANCE OF POWER AND LABOR SUPPLY CHOICES
Sonia Oreffice, Universidad de Alicante

  
  DO ATTENTIVE FATHERS ESCAPE THE MOTHERHOOD WAGE PENALTY? THE FATHERHOOD WAGE PREMIUM REVISITED
Ingeborg F. Solli, University of Stavanger

  
  BEYOND THE GLASS CEILING: DOES GENDER MATTER?
Patricia Funk, Universitat Pompeu Fabra
Co-Author: Renee Adams, UQ Business School
  
15:30 - 17:30 MONETARY POLICY AND FINANCIAL MARKETS I (EEA)
Chairperson: Jose Luis Peydró, European Central Bank
Room
  CONTAGION AMONG INTERBANK MONEY MARKETS DURING THE SUBPRIME CRISIS
Puriya Abbassi, University of Mainz
Co-Author: Isabel Schnabel, University of Mainz, CEPR and MPI Bonn

  
  CREDIT AND INFLATION UNDER BORROWER’S LACK OF COMMITMENT
Antonia Diaz, Universidad Carlos III de Madrid

  
  MONETARY POLICY AND CREDIT CRUNCH: IDENTIFYING SIMULTANEOUSLY THE BANK LENDING AND BALANCE SHEET CHANNELS
Gabriel Jimenez Zambrano, Banco de España
Co-Authors: Steven Ongena, CentER - Tilburg University and CEPR, Jose Luis Peydró, European Central Bank and Jesús Saurina, Banco de España

  
  DOES MONETARY POLICY AFFECT BANK CREDIT STANDARDS? EVIDENCE FROM THE EURO AREA BANK LENDING SURVEY
Jose Luis Peydró, European Central Bank
Co-Authors: Angela Maddaloni, European Central Bank and Silvia Scopel, European Central Bank
  
15:30 - 17:30 POLITICAL ECONOMY: EMPIRICAL STUDIES I (EEA)
Chairperson: Harald Oberhofer, University of Innsbruck
Room
  SOCIAL NORMS AND CORRUPTION
Uwe Dulleck, QUT School of Economics and Finance
Co-Authors: Bin Dong, QUT School of Economics and Finance and Benno Torgler, QUT School of Economics and Finance

  
  NATURAL RESOURCE ABUNDANCE, MINERAL FUNDS AND INSTITUTIONAL QUALITY
Stela Cani, University of Reading

  
  OIL AND THE DURATION OF DICTATORSHIPS
Harald Oberhofer, University of Innsbruck
Co-Authors: Jesus Crespo Cuaresma, University of Innsbruck and Paul Anton Raschky, University of Innsbruck
  
15:30 - 17:30 REGIONAL AND URBAN ECONOMICS (EEA)
Chairperson: Marius Brülhart, University of Lausanne
Room
  NEW EVIDENCE ON GIBRAT’S LAW FOR CITIES
Rafael González-Val, Universidad de Zaragoza
Co-Authors: Luis Lanaspa, Universidad de Zaragoza and Fernando Sanz, Universidad de Zaragoza

  
  THE STABILITY OF DOWNTOWN PARKING AND TRAFFIC CONGESTION
Eren Inci, Sabanci University
Co-Author: Richard Arnott, University of California, Riverside

  
  COMPETITION FOR FIRMS: ZERO-SUM OR POSITIVE-SUM GAME?
Marius Brülhart, University of Lausanne
Co-Author: Kurt Schmidheiny, Universitat Pompeu Fabra
  
15:30 - 17:30 TAXATION I (EEA)
Chairperson: Bas Jacobs, Erasmus University Rotterdam
Room
  SOURCE VERSUS RESIDENCE BASED TAXATION WITH INTERNATIONAL MERGERS AND ACQUISITIONS
Clemens Fuest, University of Oxford

  
  HAVE YOU PAID YOUR DUES? ON THE IMPACT OF THE GERMAN CHURCH TAX ON PRIVATE CHARITABLE CONTRIBUTIONS
Sarah Borgloh, Centre for European Economic Research

  
  THE MARGINAL COST OF PUBLIC FUNDS AND OPTIMAL SECOND-BEST POLICY RULES
Bas Jacobs, Erasmus University Rotterdam
  
15:30 - 17:30 CONTRIBUTED SESSIONS 3
ESEM: Theoretical and Applied Economics

15:30 - 17:30 MECHANISMS I (ESEM TAE)
Chairperson: Christoph Mueller, University of Minnesota
Room
  IMPLEMENTATION WITH EVIDENCE: COMPLETE INFORMATION
Olivier Tercieux, Paris School of Economics
Co-Author: Navin Kartik, Columbia University and UCSD

  
  ROBUST RATIONALIZABLE IMPLEMENTATION
Alfredo Di Tillio, Bocconi University

  
  PAYOFFS CAN BE INFERRED FROM BELIEFS, GENERICALLY, WHEN BELIEFS ARE FORMED BY CONDITIONING ON AVAILABLE INFORMATION
Alia Gizatulina, Max Planck Institute for Research on Collective Goods
Co-Author: Martin Hellwig, Max Planck Institute for Research on Collective Goods

  
  ROBUST VIRTUAL IMPLEMENTATION IN MULTI-STAGE MECHANISMS
Christoph Mueller, University of Minnesota
  
15:30 - 17:30 AUCTIONS II (ESEM TAE)
Chairperson: Jianpei Li, University of International Business and Economics
Room
  ASCENDING COMBINATORIAL SCORING AUCTIONS
Thomas Rieck, University of Bonn

  
  AUCTIONS WITH HETEROGENEOUS ENTRY COSTS
Diego Moreno,
Co-Author: John Wooders, University of Arizona

  
  OPTIMAL DYNAMIC MECHANISM DESIGN WITH DEADLINES
Konrad Mierendorff, Bonn Graduate School of Economics

  
  PARTNERSHIP DISSOLUTION AND PROPRIETARY INFORMATION
Jianpei Li, University of International Business and Economics
  
15:30 - 17:30 DYNAMIC CONTRACTS (ESEM TAE)
Chairperson: Alessandro Pavan,
Room
  LONG-TERM CONTRACTS, IRREVERSIBILITY AND UNCERTAINTY
Malin Arve, Toulouse School of Economics

  
  RENEGOTIATIONPROOF RELATIONAL CONTRACTS WITH MONETARY TRANSFERS
Susanne Ohlendorf, University of Bonn
Co-Author: Sebastian Kranz, University of Bonn

  
  THE HOLD-UP PROBLEM AND THE SEPARABILITY CONDITION
M'hand Fares, INRA (AGIR) and University of Toulouse 1

  
  DYNAMIC MANAGERIAL COMPENSATION: A MECHANISM DESIGN APPROACH
Alessandro Pavan,
Co-Author: Daniel Garrett, Northwestern University
  
15:30 - 17:30 EXPERIMENTS II (ESEM TAE)
Chairperson: Marie-Pierre Dargnies, Paris School of Economics, Université Paris 1 Panthéon Sorbonne
Room
  REPUTATION AND CONTRACT DESIGN
Björn Bartling, University of Zurich
Co-Authors: Ernst Fehr, Universitat Zurich and Klaus M. Schmidt, University of Munich

  
  NEUROECONOMICS OF 3-PERSON ULTIMATUM GAME WITH VOTING: THE CASE OF RESPONDERS
Jaroslaw Grygolec, Center for Mind/Brain Sciences, University of Trento
Co-Authors: Giorgio Coricelli, Center for Mind/Brain Sciences CIMeC and Aldo Rustichini, Department of Economics, University of Minnesota

  
  MEASURING AGENTS’ OVERREACTION TO PUBLIC INFORMATION IN BEAUTY CONTEST GAMES
Frank Heinemann, Berlin Institute of Technology
Co-Author: Camille Cornand, Universite Strasbourg

  
  DOES TEAM COMPETITION ELIMINATE THE GENDER GAP IN ENTRY IN COMPETITIVE ENVIRONMENTS?
Marie-Pierre Dargnies, Paris School of Economics, Université Paris 1 Panthéon Sorbonne
  
15:30 - 17:30 INDUSTRIAL ORGANIZATION. PRODUCT DIFFERENTIATION (ESEM TAE)
Chairperson: Soma Dey, National University of Singapore
Room
  ENDOGENOUS SPATIAL DIFFERENTIATION WITH VERTICAL CONTRACTING
Nikolaos Vettas, Athens University

  
  SEARCH ENGINES: LEFT SIDE QUALITY VERSUS RIGHT SIDE PROFITS
Alexander White, Toulouse School of Economics

  
  MULTIPRODUCT FIRMS AND THE DIAMOND PARADOX
Andrew Rhodes, University of Oxford

  
  DO FIRMS VALUE KNOWLEDGE SPILLOVER? A MODEL OF R&D COMPETITION, ENDOGENOUS R&D APPROPRIABILITY AND PRODUCT DIFFERENTIATION
Soma Dey, National University of Singapore
Co-Author: Qiang Fu, National University of Singapore
  
15:30 - 17:30 FINANCIAL ECONOMICS II (ESEM TAE)
Chairperson: Christian Ewerhart, University of Zurich
Room
  DEADLINE AND WELFARE EFFECTS OF INFORMATION RELEASE SCHEDULING
Giulio Seccia, Southampton
Co-Author: Anurag Banerjee, Durham Business School

  
  MULTIPLE-BANK LENDING, CREDITOR RIGHTS AND INFORMATION SHARING
Alberto Bennardo, University of Salerno, CSEF, CEPR
Co-Authors: Marco Pagano, and Salvatore Piccolo,

 
  RISK-SHARING AND CRISES. GLOBAL GAMES OF REGIME CHANGE WITH ENDOGENOUS WEALTH
Rodolfo Campos, IESE Business School

  
  VANISHING LIQUIDITY, MARKET RUNS, AND THE WELFARE IMPACT OF TARP
Christian Ewerhart, University of Zurich
  
15:30 - 17:30 MACROECONOMICS AND HETEROGENOUS AGENTS (ESEM TAE)
Chairperson: Stefano Corradin, European Central Bank
Room
  BANKRUPTCY AND DEBT PORTFOLIOS
Winfried Koeniger, Queen Mary, University of London
Co-Author: Thomas Hintermaier, Institute for Advanced Studies, Vienna (IHS)

  
  COSTLY CONTRACTS AND CONSUMER CREDIT
Igor Livshits, University of Western Ontario
Co-Authors: James MacGee, University of Western Ontario and Michele Tertilt, Stanford University

  
  CREDIT LINES
Xavier Mateos-Planas, University of Southampton
Co-Author: Jose-Victor Rios-Rull, University of Minnesota, Fed Mpls, CAERP, NBER

  
  HOUSEHOLD LEVERAGE
Stefano Corradin, European Central Bank
  
15:30 - 17:30 MONETARY POLICY II (ESEM TAE)
Chairperson: Malik Shukayev, Bank of Canada
Room
  BANK COMPETITION AND ECONOMIC STABILITY: THE ROLE OF MONETARY STABILITY
Champonnois Sylvain, UCSD

  
  FINANCIAL MARKET SEGMENTATION, STOCK MARKET VOLATILITY AND THE ROLE OF MONETARY POLICY}
Anastasia Zervou, Washington University in St. Louis

  
  STAGGERED LABOR CONTRACTS AND MONETARY POLICY
Malik Shukayev, Bank of Canada
Co-Authors: Robert Amano, Bank of Canada, Robert Amano, Bank of Canada, Robert Amano, Bank of Canada, Robert Amano, Bank of Canada, Robert Amano, Bank of Canada, stephen murchison, Bank of Canada and stephen murchison, Bank of Canada
  
15:30 - 17:30 ENVIRONMENTAL ECONOMICS II (ESEM TAE)
Chairperson: Matti Liski, Helsinki School of Economics
Room
  A QUANTITATIVE DYNAMIC GENERAL EQUILIBRIUM MODEL OF CLIMATE CHANGE AND THE GLOBAL ECONOMY
Conny Olovsson, Institnute for International Economic Studies
Co-Authors: John Hassler, and Per Krusell, Princeton University

  
  OPTION VALUE AND FLEXIBILITY: A GENERAL THEOREM WITH APPLICATIONS
Nicolas Treich, Toulouse School of Economics
Co-Author: François Salanié, Toulouse School of Economics

  
  MACROECONOMICS AND GLOBAL CLIMATE CHANGE: TRANSITION FOR A MANY-REGION ECONOMY
Per Krusell, Princeton University
Co-Author: Anthony Smith, Yale University

  
  ON COASE AND HOTELLING
Matti Liski, Helsinki School of Economics
  
15:30 - 17:30 CONTRIBUTED SESSIONS 3
ESEM: Econometrics and Empirical Economics

15:30 - 17:30
CONTRIBUTED SESSIONS ECONOMETRICS 3(ESEM EEE)

HEALTH 1 (ESEM EEE)
Chairperson: Aureo de Paula, University of Pennsylvania
Room
  BAD INFLUENCES? SOCIAL INTERACTIONS EFFECTS IN TEENAGE SMOKING, DRINKING AND DRUG TAKING
Duncan McVicar, Queen's University Belfast
Co-Author: Arnold Polanski, Queen's University Belfast

  
  THE IMPACT OF TAX REFORMS DESIGNED TO ENCOURAGE HEALTHIER GRAIN CONSUMPTION
Jonas Nordström, FOI, University of Copenhagen

  
  DO EARLY-LIFE CONDITIONS INFLUENCE THE EXTENT TO WHICH INDIVIDUALS SUFFER FROM ADVERSE EVENTS LATER IN LIFE?
Robert Scholte, Dept of Economics, VU University Amsterdam
Co-Author: Gerard J. van den Berg, VU University Amsterdam

  
  HOW BELIEFS ABOUT HIV AFFECT RISKY BEHAVIORS: EVIDENCE FROM MALAWI
Aureo de Paula, University of Pennsylvania
Co-Author: Petra Todd, University of Pennsylvania
  
15:30 - 17:30 LABOR MARKET POLICY (ESEM EEE)
Chairperson: Bernd Fitzenberger, Albert-Ludwigs-University Freiburg
Room
  BAYESIAN ESTIMATES OF THE EFFECTS OF TRAINING INCIDENCE AND LENGTH ON LABOR MARKET TRANSITION RATES
Aderonke Osikominu, University College London
Co-Authors: Bernd Fitzenberger, University of Freiburg and Marie Waller, Albert-Ludwigs University Freiburg

  
  THE DYNAMICS OF SOCIAL ASSISTANCE RECEIPT: MEASUREMENT AND MODELLING ISSUES, WITH AN APPLICATION TO BRITAIN
Lorenzo Cappellari, Università Cattolica Milano
Co-Author: Stephen Jenkins, Institute for Social and Economic Research, University of Essex

  
  INFORMAL EMPLOYMENT IN DEVELOPING COUNTRIES: OPPORTUNITY OR LAST RESORT?
Andrey Launov, University of Wuerzburg
Co-Author: Isabel Guenther, ETH Zuerich

  
  DEJA VU? SHORT--TERM TRAINING IN GERMANY 1980--1992 AND 2000--2003
Bernd Fitzenberger, Albert-Ludwigs-University Freiburg
Co-Author: Marie Waller, Albert-Ludwigs University Freiburg
  
15:30 - 17:30 EXCHANGE RATES (ESEM EEE)
Chairperson: Agnieszka Markiewicz, Erasmus University Rotterdam
Room
  THE FORWARD VOLATILITY BIAS IN FOREIGN EXCHANGE
Pasquale Della Corte, University of Warwick
Co-Authors: Lucio Sarno, Cass Business School, City University London and Ilias Tsiakas, University of Warwick

  
  MCCALLUM RULES, EXCHANGE RATES, AND THE TERM STRUCTURE OF INTEREST RATES
Antonio Diez de los Rios, BBVA

  
  REVISITING THE TESTS OF THE UNBIASED HYPOTHESIS OF FORWARD EXCHANGE RATES
Carlos Velasco, UC3Madrid
Co-Author: Seongman Moon, Universidad Carlos III de Madrid

  
  MONETARY POLICY, MODEL UNCERTAINTY AND EXCHANGE RATE VOLATILITY
Agnieszka Markiewicz, Erasmus University Rotterdam
  
15:30 - 17:30 FINANCIAL AND CREDIT MARKETS (ESEM EEE)
Chairperson: Gulten Mero, CREST-INSEE and CREM (University of Rennes 1 IAE)
Room
  ASSESSING THE RISK-RETURN TRADE-OFF IN LOANS PORTFOLIOS
Javier Mencia, Bank of Spain

  
  CDO PRICING WITH MULTIFACTOR AND COPULAE MODELS
Ostap Okhrin, Humboldt-Universität zu Berlin
Co-Authors: Barbara Choros, Humboldt-Universität zu Berlin and Wolfgang Härdle, Humboldt-Universität zu Berlin

  
  ON THE RISK PREMIUM EMBEDDED IN CDO TRANCHES
Pedro Serrano, Carlos III University
Co-Author: MANUEL MORENO, UNIVERSIDAD CASTILLA LA MANCHA

  
  RETURNS AND VOLUME: BETWEEN INFORMATION AND LIQUIDITY
Gulten Mero, CREST-INSEE and CREM (University of Rennes 1 IAE)
Co-Authors: Serge Darolles, CREST_INSEE and SGAM and Gaelle Le Fol, EPEE, University of Evry and CREST-INSEE
  
15:30 - 17:30 ENVIRONMENT AND ENERGY (ESEM EEE)
Chairperson: Stilianos Fountas, University of Macedonia
Room
  CROSS-COUNTRY GROWTH AND THE POLLUTION CONVERGENCE HYPOTHESIS: A NONPARAMETRIC APPROACH.
Carlos Ordás Criado, Centre for Energy Policy and Economics
Co-Authors: Thanasis Stengos, University of Guelph and Simone Valente, Center for Economic Research

  
  ESTIMATING THE VALUE OF WATER FOR INDUSTRIAL PRODUCTION IN GERMANY
Markus Zimmer, Ifo Institute at the University of Munich
Co-Author: Christoph Jessberger, PhD student

  
  DOES THE CANADIAN ECONOMY SUFFER FROM DUTCH DISEASE?
Charles Bos, FEWEB, VU University Amsterdam
Co-Authors: Michel Beine, University de Luxembourg and Serge Coulombe, University of Ottawa

  
  THE EFFECTS OF UNCERTAINTY ABOUT OIL PRICES IN G-7
Stilianos Fountas, University of Macedonia
Co-Authors: Donal Bredin, University College Dublin and John Elder, North Dakota State University
  
15:30 - 17:30 SEMI-PARAMETRICS (ESEM EEE)
Chairperson: Shakeeb Khan, Duke University
Room
  SEMIPARAMETRIC LEAST SQUARES ESTIMATION OF A SINGLE INDEX MODEL UNDER MONOTONICITY
Hisatoshi Tanaka, Department of Economics, University of Wisconsin - Madison

  
  GENERELISED EMPIRICAL LIKELIHOOD TESTING IN SEMIPARAMETRIC CONDITIONAL MOMENT RESTRICTIONS MODELS
Francesco Bravo, University of York

  
  EFFICIENT SEMIPARAMETRIC DETECTION OF CHANGES IN TREND
Chuan Goh, University of Toronto

  
  TESTING FOR CAUSAL EFFECTS IN A GENERALIZED REGERSSION MODEL WITH ENDOGENOUS REGRESSORS
Shakeeb Khan, Duke University
Co-Authors: Jason Abrevaya, and Jerry Hausman,
 
15:30 - 17:30 BAYESIAN METHODS (ESEM EEE)
Chairperson: Herman van Dijk, Erasmus
Room
  HAS THE VOLATILITY OF U.S INFLATION CHANGED AND HOW?
Stefano Grassi, University of Tor Vergata
Co-Author: Tommaso Proietti, SEFEMEQ, University of Rome Tor Vergata

  
  ROBUST GROWTH DETERMINANTS
Gernot Doppelhofer, NHH
Co-Author: Melvyn Weeks, University of Cambridge

  
  BAYESIAN INFERENCE IN THE TIME VARYING COINTEGRATION
Roberto Leon Gonzales, GRIPS
Co-Authors: gary koop, and Rodney Strachan, RCEA and University of Queensland

  
  BAYESIAN FORECASTING OF VALUE AT RISK AND EXPECTED SHORTFALL USING ADAPTIVE IMPORTANCE SAMPLING
Herman van Dijk, Erasmus
Co-Author: Lennart Hoogerheide, Econometric and Tinbergen Institute
  
15:30 - 17:30 TESTING: TIME SERIES 1 (ESEM EEE)
Chairperson: Jean-Yves Pitarakis, University of Southampton
Room
  TESTING FOR COMMON AUTOCORRELATION IN DATA RICH ENVIRONMENTS
Alain Hecq, Maastricht University
Co-Author: Gianluca Cubadda, Universita di Roma "Tor Vergata"

  
  NONPARAMETRIC TESTS FOR PERIODIC INTEGRATION
Tomás del Barrio Castro, University of the Balearic Islands
Co-Author: Denise R, Osborn, University of Manchester

  
  TESTING FOR NONINVERTIBILITY AND COINTEGRATION IN SEASONAL VARMA MODELS
Carlos Díaz Vela, Universidad de Cantabria
Co-Author: José Luis Gallego Gómez, Universidad de Cantabria

  
  REGIME SPECIFIC PREDICTABILITY IN PREDICTIVE REGRESSIONS
Jean-Yves Pitarakis, University of Southampton
Co-Author: Jesus Gonzalo, Universidad Carlos III de Madrid
  
15:30 - 17:30 EXPERIMENTS (ESEM EEE)
Chairperson: Georg Weizsäcker, London School of Economics
Room
  TEMPUS FUGIT: TIME PRESSURE IN RISKY DECISIONS
Martin Kocher, University of Munich
Co-Author: Stefan Trautmann, Tilburg University

  
  OTHER-REGARDING PREFERENCES AND LEADERSHIP STYLES
Ganna Pogrebna, Columbia University
Co-Authors: Martin Kocher, University of Munich and Matthias Sutter, University of Innsbruck

  
  MONOTONE APPROXIMATION OF DECISION PROBLEMS
Thomas Weber, Stanford University
Co-Author: Naveed Chehrazi, Stanford University

  
  DO WE FOLLOW OTHERS WHEN WE SHOULD? A SIMPLE TEST OF RATIONAL EXPECTATIONS
Georg Weizsäcker, London School of Economics
  
15:30 - 17:30 INNOVATION AND PATENTS (ESEM EEE)
Chairperson: Cristian Huse, Stockholm School of Economics
Room
  THE EXTENSION OF CLUSTERS: DIFFERENCES-IN-DIFFERENCE EVIDENCE FROM THE BAVARIAN STATE-WIDE CLUSTER POLICY
Stefan Kipar, Ifo Institute For Economic Research
Co-Authors: Oliver Falck, Ifo Institute for Economic Research and Stephan Heblich, Max Planck Institute of Economics

  
  R&D, INNOVATION AND PRODUCTIVITY IN DUTCH AND FRENCH MANUFACTURING: A PANEL DATA ANALYSIS
Wladimir Raymond, Maastricht University
Co-Authors: Jacques Mairesse, CREST, Pierre Mohnen, Maastricht University and Franz Palm, Maastricht University

  
  ESTIMATING THE 'COORDINATED EFFECTS' OF MERGERS
Cristian Huse, Stockholm School of Economics
Co-Author: Peter Davis, Competition Commission UK
  
18:15 - 19:30 PLENARY SESSION ESEM 2
Presidential Address:
Roger Myerson (University of Chicago, Nobel Laureate, 2007)

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