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 12:28:33

Sun 23 Aug | Mon 24 Aug | Tue 25 Aug | WEDNESDAY 26 AUGUST 2009 | Thu 27 Aug.


DAY OVERVIEW
09:30 - 11:30 INVITED SESSIONS 3
INVITED SESSIONS ECONOMETRICS 3 (ESEM EEE)
12:00 - 14:00 CONTRIBUTED SESSIONS 6
CONTRIBUTED SESSIONS ECONOMETRICS 6 (ESEM EEE)
15:30 - 17:30 CONTRIBUTED SESSIONS 7
CONTRIBUTED SESSIONS ECONOMETRICS 7 (ESEM EEE)



09:30 - 11:30 INVITED SESSIONS 3
EEA



09:30 - 11:30 COERCION IN POLITICS (EEA)
Chairperson: Timothy Besley, London School of Economics
Organizer: Daron Acemoglu, MIT
Room

  ECONOMIC SHOCKS, BARGAINING, AND CIVIL WAR
Gerard Padró i Miquel, London School of Economics
Co-Author: Sylvain Chassang, Princeton University

 
  WEAK VERSUS STRONG ARMIES
Timothy Besley, London School of Economics
Co-Author: James Robinson, Harvard University

 
  PERSISTENCE OF CIVIL WARS
Davide Ticchi, University of Urbino
Co-Authors: Daron Acemoglu, MIT and Andrea Vindigni, Princeton University
 

09:30 - 11:30 COMPUTATIONAL ECONOMICS (EEA)
Chairperson: Felix Kubler, ISB, University of Zurich and Swiss Finance Institute
Organizer: Felix Kubler, ISB, University of Zurich and Swiss Finance Institute
Room

  NUMERICAL SIMULATION OF NON OPTIMAL DYNAMIC ECONOMIES
Manuel Santos, University of Miami

 
  STABLE AND EFFICIENT COMPUTATIONAL METHODS FOR DYNAMIC PROGRAMMING
Kenn Judd, Hoover Institution
Co-Author: Yongyang Cai, Stanford University

 
  MULTIPLICITY OF EQUILIBRIA AND GROEBNER BASES
Karl Schmedders, Kellogg School of Management, Northwestern University.
Co-Author: Felix Kubler, ISB, University of Zurich and Swiss Finance Institute
 

09:30 - 11:30 DETERMINANTS OF ENTREPRENEURSHIP (EEA)
Chairperson: Marco Da Rin, University of Tillburg
Organizer: Marco Da Rin, University of Tillburg
Room

  BANKING DEREGULATIONS, FINANCING CONSTRAINTS AND FIRM ENTRY SIZE
William Kerr, Harvard Business School
Co-Author: Ramana Nanda, Harvard Business School

 
  PSYCHOLOGICAL AND LEGAL BARRIERS TO ENTREPRENEURSHIP: EVIDENCE ACROSS COUNTRIES
Silvia Ardagna, Harvard University
Co-Author: Annamaria Lusardi, Dartmouth College

 
  TAX POLICY AND FIRM ENTRY. EVIDENCE FROM EUROPE
Marco Da Rin, University of Tillburg
Co-Authors: Marina Di Giacomo, University of Torino and Alessandro Sembenelli, University of Torino
 

09:30 - 11:30 EXPERIMENTAL FIELD WORK ON DEVELOPMENT ISSUES IN AFRICA (EEA)
Chairperson: Jakob Svensson, Stockhom University
Organizer: Jakob Svensson, Stockhom University
Room

  HUMAN CAPITAL INTERVENTIONS FOR ADOLESCENT GIRLS: EVIDENCE FROM A RANDOMIZED EXPERIMENT
Imran Rasul, University College London
Co-Authors: Oriana Bandiera, London School of Economics, Robin Burgess, London School of Economics, Markus Goldstein, World Bank Group and Selim Gulesci, London School of Economics

 
  ADDING BUSINESS TRAINING TO MICROFINANCE: LESSONS FROM A FIELD EXPERIMENT IN TANZANIA
Kjetil Bjorvatn, NHH
Co-Author: Bertil Tungodden, NHH

 
  WHEN IS COMMUNITY-BASED MONITORING EFFECTIVE: EVIDENCE FROM A RANDOMIZED FIELD EXPERIMENT IN PRIMARY HEALTH IN UGANDA
Martina Bjorkman, Bocconi University
Co-Author: Jakob Svensson, Stockhom University
 

09:30 - 11:30 NEW AUCTION MECHANISMS FOR PUBLIC POLICY: FIGHTING THE FINANCIAL CRISIS, MITIGATING GLOBAL WARMING, AND MORE. (EEA)
Chairperson: Paul Klemperer, Nuffield College
Organizer: Paul Klemperer, Nuffield College
Room

  ALTERNATIVE MECHANISMS TO ALLOCATE GREENHOUSE GAS PERMITS
Jacob Goeree, California Institute of Technology,
Co-Authors: Dallas Butraw, Resources for the Future, Charles Holt, University of Virginia, Karen Palmer, Resources for the Future and William Shobe, University of Virginia

 
  A NEW AUCTION FOR SUBSTITUTES: CENTRAL-BANK LIQUIDITY AUCTIONS, AND "TOXIC ASSET" PURCHASES
Paul Klemperer, Nuffield College

 
  IMPROVED AUCTIONS FOR COMPLEMENTS: AIRPORT LANDING-SLOT AUCTIONS, AND SPECTRUM AUCTIONS
Aytek Erdil, University of Oxford
Co-Author: Paul Klemperer, Nuffield College
 

09:30 - 11:30 INVITED SESSIONS 3
INVITED SESSIONS ECONOMETRICS 3 (ESEM EEE)

ESEM: Econometrics and Empirical Economics



09:30 - 11:30 NONPARAMETRIC IDENTIFICATION AND ESTIMATION (ESEM EEE)
Chairperson: Andrew Chesher, UCL
Room

  NONPARAMETRIC REGRESSION ON NONPARAMETRICALLY GENERATED COVARIATES
Enno Mammen, Mannheim

 
  NONPARAMETRIC IDENTIFICATION IN STOCHASTIC VOLATILITY MODELS
Federico Bandi, GBS Univ of Chicago
 

12:00 - 14:00 CONTRIBUTED SESSIONS 6
EEA



12:00 - 14:00 BUSINESS CYCLES: VOLATILITY AND THE GREAT MODERATION (EEA)
Chairperson: Max Gillman, Cardiff Business School
Room

  AGGREGATE FLUCTUATIONS AND THE NETWORK STRUCTURE OF INTERSECTORAL TRADE
Vasco Carvalho, CREI and Universitat Pompeu Fabra

 
  BUSINESS CYCLE STYLIZED FACTS AND INVENTORY BEHAVIOUR: NEW EVIDENCE FOR THE EURO AREA
Tatiana Cesaroni, Treasury Ministry of Economy
Co-Authors: Louis Maccini, John Hopkins University and Marco Malgarini, ISAE

 
  THE STRUCTURAL TRANSFORMATION BETWEEN MANUFACTURING AND SERVICES AND THE DECLINE IN THE U.S. GDP VOLATILITY
Alessio Moro, Universidad Carlos III Madrid, University of Cagliari

 
  US VOLATILITY CYCLES OF OUTPUT AND INFLATION, 1919-2004: A MONEY AND BANKING APPROACH TO A PUZZLE
Max Gillman, Cardiff Business School
Co-Authors: Szilard Benk, ECB and Michal Kejak, CERGE-EI
 

12:00 - 14:00 CORPORATE GOVERNANCE (EEA)
Chairperson: Mark Schelker, University of Fribourg
Room

  MANAGERIAL ENTRENCHMENT AND THE MARKET FOR CEOS
Fabio Feriozzi, Tilburg University

 
  THE EFFICIENCY VIEW OF CORPORATE BOARDS: EVIDENCE FROM ITALIAN LISTED FIRMS
Angelo Baglioni, Catholic University
Co-Author: Luca Colombo, Università Cattolica Milano

 
  IS CORPORATE GOVERNANCE EFFECTIVE IN UKRAINE? A CRUDE TEST BASED ON MANAGERIAL TURNOVER DATA
Oleksandr Talavera, Robert Gordon University
Co-Authors: Olga Bilyk, Kyiv School of Economics, Bogdana Grechaniuk, Kyiv School of Economics and Alexander Muravyev, IZA

 
  AUDITORS AND CORPORATE GOVERNANCE: EVIDENCE FROM THE PUBLIC SECTOR
Mark Schelker, University of Fribourg
 

12:00 - 14:00 ECONOMIC GEOGRAPHY (EEA)
Chairperson: Elisenda Paluzie, CAEPS and Departament de Teoria Econòmica, Universitat de Barcelona
Room

  AN NEW TEST OF NONLINEAR NEW ECONOMIC GEOGRAPHY MODELS
Eckhardt Bode, Kiel Institute for the World Economy
Co-Author: Jan Mutl, Institute of Advanced Studies

 
  CULTURAL DIVERSITY AND ENTREPRENEURSHIP: A REGIONAL ANALYSIS FOR GERMANY
Annekatrin Niebuhr, IAB, Nürnberg
Co-Authors: David Audretsch, Max Planck Institute, Jena and Dirk Dohse, Kiel Institute for the World Economy

 
  THE GEOGRAPHY OF THE MINIMUM WAGE
Chiara Rosazza Bondibene, Royal Holloway, University of London
Co-Authors: Peter Dolton, RHUL and CEP, LSE and Jonathan Wadsworth, RHUL and CEP, LSE

 
  TRADE POLICY AND WAGE GRADIENTS: EVIDENCE FROM A PROTECTIONIST TURN
Elisenda Paluzie, CAEPS and Departament de Teoria Econòmica, Universitat de Barcelona
Co-Authors: Jordi Pons, CAEPS, Universitat de Barcelona and Daniel A. Tirado, Departament d'Història Econòmica, Universitat de Barcelona
 

12:00 - 14:00 ECONOMICS OF EDUCATION II (EEA)
Chairperson: Young-Joo Kim, University of Essex
Room

  IDENTITY AND EDUCATIONAL CHOICE: A BEHAVIORAL APPROACH
Yuemei Ji, Department of Economics, KULeuven

 
  FORMAL EDUCATION VERSUS LEARNING-BY-DOING
Thérèse Rebière, CERENE, University of Le Havre
Co-Authors: Frédéric GAVREL, CERENE, University of Le Havre and Isabelle LEBON, CERENE, University of Le Havre

 
  THE EFFECTS OF COMPETITION ON THE QUALITY OF PRIMARY SCHOOLS IN THE NETHERLANDS
Suncica Vujic, Free University Amsterdam

 
  BIRTH ORDER, GENDER AND EDUCATIONAL ATTAINMENT
Young-Joo Kim, University of Essex
 

12:00 - 14:00 ECONOMICS OF THE HOUSEHOLD IV (EEA)
Chairperson: Stefania Marcassa, University of Minnesota
Room

  BAD JOBS OR BAD MOMS? THE EFFECT OF MATERNAL WORK CHARACTERISTICS ON CHILD DEVELOPMENT
Christina Felfe, University St. Gallen
Co-Author: Amy Hsin, University Michigan

 
  TIMING AND NUMBER OF MARRIAGES IN COMPETITIVE MARRIAGE MODELS
Hiromi Nosaka, Faculty of Economics, Kansai University

 
  DIVORCE LAWS AND DIVORCE RATE IN THE US
Stefania Marcassa, University of Minnesota
 

12:00 - 14:00 EMPIRICAL FINANCE III (EEA)
Chairperson: Thomas Laubach, Goethe University Frankfurt
Room

  COMPARISON OF THE STOCK PRICE CLUSTERING OF STOCKS WHICH ARE TRADED IN THE US AND GERMANY – NO ARBITRAGE OPPORTUNITIES?
Kirsten Rüchardt, Otto-von-Guericke-Universität Magdeburg
Co-Author: Bodo Vogt, Otto-von-Guericke-University Magdeburg

 
  DO INVESTORS OPTIMIZE, FOLLOW HEURISTICS, OR LISTEN TO EXPERTS?
Vera Popova, Max Planck Institute of Economics
Co-Authors: Thomas Gehrig, Albert-Ludwigs-Universitaet, Werner Gueth, Max Planck Institute of Economics and Rene Levinsky, Max Planck Institute of Economics

 
  LEARNING AND THE ROLE OF MACROECONOMIC FACTORS IN THE TERM STRUCTURE OF INTEREST RATES
Thomas Laubach, Goethe University Frankfurt
 

12:00 - 14:00 ENVIRONMENTAL ECONOMICS II (EEA)
Chairperson: Martin Ralf, Centre for Economic Performance
Room

  CARBON LEAKAGE AND INDUSTRY STRUCTURE
Robert Ritz, Oxford University

 
  IDLE OIL WELLS: HALF EMPTY OR HALF FULL?
Lucija Muehlenbachs, University of Maryland

 
  THE IMPACTS OF CARBON PRICING ON THE BUSINESS SECTOR: A CONSERVATIVE ESTIMATE
Martin Ralf, Centre for Economic Performance
Co-Authors: de Preux Laure, Centre for Economic Performance and Ulrich Wagner, Universidad Carlos III de Madrid
 

12:00 - 14:00 EXCHANGE RATES II (EEA)
Chairperson: Alan Sutherland, University of St Andrews
Room

  MONETARY POLICY IN TRANSITION: A CASE OF ANNOUNCED ADOPTION OF EXCHANGE RATE PEG
František Brázdik, CERGE-EI and Czech National Bank

 
  SPECULATION AND THE DECISION TO ABANDON A FIXED EXCHANGE RATE REGIME: BRAZIL 1999 VS. MEXICO 1994
Adriana Ponta, Universidade Federal Fluminense/ Universidade Nova de Lisboa

 
  THE SWISS EXTERNAL FINANCIAL EXPOSURE: BENEFIT OR BURDEN?
Cedric Tille, Graduate Institute for International and Development Studies, Geneva
Co-Author: Nicolas Stoffels, Swiss National Bank

 
  LOCAL CURRENCY PRICING, FOREIGN MONETARY SHOCKS AND THE WELFARE EFFECTS OF EXCHANGE RATE POLICY
Alan Sutherland, University of St Andrews
Co-Author: Ozge Senay, University of St Andrews
 

12:00 - 14:00 FIRM PRODUCTIVITY (EEA)
Chairperson: Giorgia Giovannetti, University of Firenze
Room

  THE IMPACT OF WORKPLACE CONDITIONS ON FIRM PERFORMANCE
Elena Cottini, Aarhus School of Business, Aarhus University
Co-Authors: Sebastian Buhai, Aarhus School of Business, Aarhus University and Niels Westergaard-Nielsen, Aarhus School of Business, Aarhus University

 
  CHANGING INSTITUTIONS AND PRODUCTIVITY ACROSS EUROPE
Antonio Bassanetti, Banca di Italia
Co-Authors: Roberto Torrini, and Francesco Zollino, Bank of Italy - Research Department

 
  CAPITAL MISALLOCATION AND AGGREGATE FACTOR PRODUCTIVITY
Leo Kaas, University of Konstanz
Co-Author: Costas Azariadis, Washington University in St. Louis

 
  PRODUCTIVITY AND THE INTERNATIONAL FIRM: DISSECTING HETEROGENEITY
Giorgia Giovannetti, University of Firenze
Co-Author: Davide Castellani, University of Perugia
 

12:00 - 14:00 FISCAL POLICY AND MACROECONOMIC DYNAMICS (EEA)
Chairperson: Davide Debortoli, UNIVERSITY OF CALIFORNIA, SAN DIEGO
Room

  DOES ANTICIPATION OF GOVERNMENT SPENDING MATTER? EVIDENCE FROM AN EXPECTATION AUGMENTED VAR
Joern Tenhofen, University of Bonn
Co-Author: Guntram WOLFF, European Commission

 
  PRE-ANNOUNCEMENT AND TIMING - THE EFFECTS OF A GOVERNMENT EXPENDITURE SHOCK
Alexander Kriwoluzky, European University Institute Florence

 
  THE DETERMINANTS OF PUBLIC DEFICIT VOLATILITY
RICARDO SOUSA, University of Minho, NIPE, London School of Economics and FMG
Co-Author: Luca Agnello, University of Palermo

 
  FISCAL POLICY UNDER LOOSE COMMITMENT
Davide Debortoli, UNIVERSITY OF CALIFORNIA, SAN DIEGO
Co-Author: Ricardo Nunes, Federal Reserve Board
 

12:00 - 14:00 FOREIGN DIRECT INVESTMENT III (EEA)
Chairperson: Iris Kesternich, Ludwig-Maximilians-University
Room

  HORIZONTAL VERSUS VERTICAL INTERDEPENDENCE IN MULTINATIONAL ACTIVITY
Harald Badinger, Oesterreichische Nationalbank
Co-Author: Peter Egger, Ifo Institute, LMU Munich

 
  THE NEW EXPATS: ECONOMIC DETERMINANTS OF BILATERAL EXPATRIATE, FDI, AND INTERNATIONAL TRADE FLOWS
Mario Larch, Ifo Institute, Munich
Co-Authors: Jeffrey Bergstrand, Mendoza College of Business, University of Notre Dame and Peter Egger, Ifo Institute, LMU Munich

 
  REAL VERSUS FINANCIAL BARRIERS TO MULTINATIONAL ACTIVITY
Iris Kesternich, Ludwig-Maximilians-University
Co-Authors: Claudia Buch, Uni Tuebingen and IAW, Alexander Lipponer, Deutsche Bundesbank and Monika Schnitzer, Ludwig Maximilians University, Munich
 

12:00 - 14:00 GROWTH REGRESSIONS: NEW DEVELOPMENTS (EEA)
Chairperson: Patricia Prufer, CPB & Tilburg University
Room

  PANEL GROWTH REGRESSIONS WITH GENERAL PREDETERMINED VARIABLES: LIKELIHOOD-BASED ESTIMATION AND BAYESIAN AVERAGING
Enrique Moral-Benito, CEMFI

 
  GROWTH REGRESSIONS, PRINCIPAL COMPONENTS AND FREQUENTIST MODEL AVERAGING
Martin Wagner, Institute for Advanced Studies VIenna
Co-Author: Jaroslava Hlouskova, Institute for Advanced Studies, Vienna

 
  A COMPARISON OF TWO MODEL AVERAGING TECHNIQUES WITH AN APPLICATION TO GROWTH EMPIRICS
Patricia Prufer, CPB & Tilburg University
Co-Authors: Jan Magnus, Tilburg University and Owen Powell, Tilburg University
 

12:00 - 14:00 HEALTH ECONOMICS III (EEA)
Chairperson: Valérie OROZCO, Toulouse School of Economics (GREMAQ INRA)
Room

  "DO I REALLY NEED TO GO TO REHAB? I'D SAY NO, NO, NO." ESTIMATING PRICE ELASTICITIES OF CONVALESCENT CARE PROGRAMS
Nicolas Ziebarth, German Institute for Economic Research (DIW Berlin)

 
  CRITICAL PERIODS DURING CHILDHOOD AND ADOLESCENCE: A STUDY OF ADULT HEIGHT AMONG IMMIGRANT SIBLINGS
Petter Lundborg, VU University Amsterdam
Co-Authors: Paul Nystedt, Linköping University, Dan-Olof Rooth, Kalmar and Lund University and Gerard J. van den Berg, VU University Amsterdam

 
  FOOD CONSUMPTION AND OBESITY IN FRANCE
Valérie OROZCO, Toulouse School of Economics (GREMAQ INRA)
Co-Authors: Celine Bonnet, Toulouse School of Economics (GREMAQ, INRA) and Pierre Dubois, Toulouse School of Economics (GREMAQ, INRA, IDEI)
 

12:00 - 14:00 INCOME DISTRIBUTION I (EEA)
Chairperson: Claudia Buch, Uni Tuebingen and IAW
Room

  DYNAMIC GLOBALIZATION AND ITS POTENTIALLY ALARMING PROSPECTS FOR LOW-WAGE WORKERS
Sabine Jokisch, Ulm University
Co-Authors: Hans Fehr, University of Wuerzburg and Laurence J. Kotlikoff, Boston University and NBER

 
  ACCOUNTING FOR IMPUTED AND CAPITAL INCOME FLOWS IN INEQUALITY ANALYSES
Markus Grabka, DIW Berlin / SOEP
Co-Author: Joachim R. Frick, DIW Berlin / SOEP

 
  DEMOGRAPHIC CHANGE, HUMAN CAPITAL AND WELFARE
Thomas Schelkle, London School of Economics
Co-Authors: Alexander Ludwig, MEA, University of Mannheim and Edgar Vogel, MEA, University of Mannheim

 
  LOW SKILL BUT HIGH VOLATILITY?
Claudia Buch, Uni Tuebingen and IAW
Co-Author: Christian Pierdzioch, University of Saarbruecken (Germany)
 

12:00 - 14:00 INDUSTRIAL ORGANIZATION III (EEA)
Chairperson: Heiner Schumacher, Goethe-University Frankfurt
Room

  INEFFICIENT BUYER MERGERS TO OBTAIN SIZE DISCOUNTS
Ozlem Bedre, Toulouse School of Economics
Co-Author: Stéphane Caprice, Toulouse School of Economics, GREMAQ and INRA

 
  INTRA-FIRM BARGAINING AND LEARNING IN A MARKET EQUILIBRIUM
Mikhail Drugov, University of Oxford, Nuffield College and Department of Economics

 
  REPUTATION AND COMPETITION IN A MARKET FOR DIFFERENTIATED PRODUCTS
Heiner Schumacher, Goethe-University Frankfurt
 

12:00 - 14:00 INDUSTRIAL ORGANIZATION: ELECTRICITY AND ENERGY (EEA)
Chairperson: Maria Kopsakangas-Savolainen, university of Oulu
Room

  ASYMMETRIC COST PASS-THROUGH IN SUPPLY FUNCTION EQUILIBRIA, COORDINATING BIDS IN POWER SPOT MARKETS
Nikolas Wölfing, Centre for European Economic Research (ZEW)

 
  DIVESTING POWER
Giulio Federico, SP SP Centre, IESE Business School
Co-Author: Ángel L. López, IESE Business School

 
  THE EFFECTS OF VERTICAL INTEGRATION ON AUCTION OUTCOMES IN THE EU AND US ELECTRICITY MARKETS
Silvester Van Koten, CERGE-EI

 
  COMPARING WELFARE EFFECTS OF DIFFERENT REGULATION SCHEMES: AN APPLICATION TO THE ELECTRICITY DISTRIBUTION INDUSTRY
Maria Kopsakangas-Savolainen, university of Oulu
Co-Author: Rauli Svento, University of Oulu
 

12:00 - 14:00 INTERNATIONAL FINANCE III (EEA)
Chairperson: Nicolas Coeurdacier, London Business School
Room

  HAVE EURO AREA GOVERNMENT BOND RISK PREMIA CONVERGED TO THEIR COMMON STATE ?
Lorenzo Pozzi, Erasmus University Rotterdam

 
  EMU AND EUROPEAN GOVERNMENT BOND MARKETS INTEGRATION
Marta Gomez-Puig, University of Barcelona
Co-Authors: Pilar Abad, Universidad Rey Juan Carlos and Helena Chuliá, Universitat Oberta de Catalunya

 
  FINANCIAL INTERMEDIATION AND THE ROLE OF PRICE DISCRIMINATION IN A TWO-TIER MARKET
Stefan Reitz, Deutsche Bundesbank
Co-Authors: Markus Schmidt, Deutsche Bundesbank and Mark Taylor, University of Warwick

 
  WHEN BONDS MATTER: HOME BIAS IN GOODS AND ASSETS
Nicolas Coeurdacier, London Business School
Co-Author: Pierre Olivier Gourinchas, University of Berkeley
 

12:00 - 14:00 INTERNATIONAL TRADE: EMPIRICAL STUDIES III (EEA)
Chairperson: Guy Lalanne, INSEE-CREST
Room

  THE CHASE AFTER THE "REAL" IMPACT OF GATT/WTO: A STUDY USING THE BEST FEATURES FROM VARIOUS PAPERS
Marco Wagner, University of Bayreuth
Co-Author: Bernhard Herz, University of Bayreuth

 
  THE PRO-COMPETITIVE EFFECT OF IMPORTS FROM CHINA: AN ANALYSIS ON FIRM-LEVEL PRICE DATA
ENRICO SETTE, BANK OF ITALY
Co-Authors: Matteo Bugamelli, BANK OF ITALY and Silvia Fabiani, BANK OF ITALY

 
  EXPORT-SUPPORTING FDI
Sebastian Krautheim, Paris School of Economics

 
  THE EFFECT OF THE URUGUAY ROUND MULTILATERAL TARIFF REDUCTION ON THE INTENSIVE AND EXTENSIVE MARGINS OF TRADE
Guy Lalanne, INSEE-CREST
Co-Author: Ines Buono, Banca d'Italia
 

12:00 - 14:00 LABOR MARKET REGULATION (EEA)
Chairperson: Beatrice Scheubel, Center for Economic Studies, University of Munich
Room

  RELAXED DISMISSAL PROTECTION: EFFECTS ON THE HIRING AND FIRING BEHAVIOUR OF SMALL FIRMS
Stefan Bauernschuster, Friedrich Schiller University Jena

 
  THE DISTRIBUTIVE AND WELFARE EFFECTS OF PRODUCT AND LABOUR MARKET DEREGULATION
Gabriele Cardullo, University of Genoa

 
  THRESHOLD EFFECTS OF DISMISSAL PROTECTION REGULATION AND THE EMERGENCE OF TEMPORARY WORK AGENCIES
Michael Funke, Hamburg University

 
  DOES IT PAY TO BE A WOMAN? LABOUR MARKET EFFECTS OF MATERNITY-RELATED JOB PROTECTION AND REPLACEMENT INCOMES
Beatrice Scheubel, Center for Economic Studies, University of Munich
 

12:00 - 14:00 LABOR MARKETS: EMPIRICAL STUDIES II (EEA)
Chairperson: Pieter A. Gautier, VU University Amsterdam
Room

  SEEKING SIMILARITY: MANAGER ETHNICITY AND WORKFORCE COMPOSITION
Lena Hensvik, Uppsala University/IFAU
Co-Authors: Olof Åslund, Institute for labor market policy evaluation, IFAU and Oskar Nordstrom Skans, Institute for labor market policy evaluation, IFAU

 
  TECHNOLOGY, OPENNESS AND DIFFICULTY IN HIRING: FIRM LEVEL EVIDENCE FOR EAST ASIA
Rita Almeida, World Bank

 
  A NONPARAMETRIC ANALYSIS OF CANADIAN EMPLOYMENT PATTERNS
Luke Ignaczak, Carleton University
Co-Author: Marcel Voia, Carleton University

 
  CAR OWNERSHIP AND THE LABOR MARKET OF ETHNIC MINORITIES
Pieter A. Gautier, VU University Amsterdam
Co-Author: Yves Zenou, Research Institute of Industrial Economics
 

12:00 - 14:00 MACROECONOMICS AND INSTITUTIONS (EEA)
Chairperson: Paolo Pinotti, Banca d''Italia
Room

  BEHIND PUBLIC SECTOR EFFICIENCY: THE ROLE OF CULTURE AND INSTITUTIONS
Pietro Tommasino, Bank of Italy - Research Dept
Co-Authors: Marco Casiraghi, Boston University and Raffaela Giordano, Bank of Italy - Research Dept

 
  AN EXOGENOUS SHOCK TO PREFERENCES-FOR-REDISTRIBUTION AND PREFERENCES-FOR-INTERVENTION IN THE ECONOMY: EMPIRICAL EVIDENCE FROM A QUASI-EXPERIMENT
Christoph Basten, European University Institute
Co-Author: Frank Betz, European University Institute

 
  MACROECONOMIC RISK AND THE SIZE OF GOVERNMENT: DO GLOBALISATION AND INSTITUTIONS MATTER?
Fabrizio Carmignani, University of Queensland
Co-Authors: Emilio Colombo, University of Milano - Bicocca and Tirelli Patrizio, University of Milano-Bicocca

 
  TRUST AND REGULATIONS: ADDRESSING A CULTURAL BIAS
Paolo Pinotti, Banca d''Italia
 

12:00 - 14:00 MIGRATION II (EEA)
Chairperson: Joel López Real, Universidad Carlos III de Madrid
Room

  MIGRATION CREATION AND DIVERSION IN THE EUROPEAN UNION: IS CENTRAL AND EASTERN EUROPE A “NATURAL” MEMBER OF THE SINGLE MARKET FOR LABOUR?
Helena Marques, University of Manchester

 
  THE ECONOMIC DRIVERS OF HUMAN TRAFFICKING: MICRO-EVIDENCE FROM FIVE EASTERN EUROPEAN COUNTRIES.
Toman Omar Mahmoud, Kiel Institute for the World Economy
Co-Author: Christoph Trebesch, Free Universtity of Berlin

 
  MACROECONOMIC DETERMINANTS OF MIGRANTS' REMITTANCES: NEW EVIDENCE FROM PANEL DATA
Dramane Coulibaly, Student

 
  QUANTITATIVE ANALYSIS ON IMMIGRANTS' SELF-SELECTION AND ITS IMPLICATIONS
Joel López Real, Universidad Carlos III de Madrid
 

12:00 - 14:00 MONETARY ECONOMICS II (EEA)
Chairperson: Roland Winkler, Christian-Albrechts-University of Kiel and Kiel Institute for the World Economy
Room

  CASH, MONEY LAUNDERING, AND THE SIZE OF UNDERGROUND ECONOMY
Alexei Deviatov, New Economic School

 
  TIME-DEPENDENT PRICING AND NEW KEYNESIAN PHILLIPS CURVE
Fang Yao, Humboldt University Berlin

 
  RAMSEY MONETARY POLICY, OIL PRICE SHOCKS, AND WELFARE
Roland Winkler, Christian-Albrechts-University of Kiel and Kiel Institute for the World Economy
 

12:00 - 14:00 POLITICAL ECONOMY V (EEA)
Chairperson: Jens Prüfer, Tilburg University
Room

  SUBGROUP DELIBERATION AND VOTING
Mark Le Quement, EUI

 
  THE DEMOGRAPHICS OF EXPROPRIATION RISK
Philipp Harms, RWTH Aachen University
Co-Author: Philipp an de Meulen, RWTH Aachen University

 
  IMPERFECT INFORMATION, DEMOCRACY, AND POPULISM
Jens Prüfer, Tilburg University
Co-Author: Johannes Binswanger, Tilburg University
 

12:00 - 14:00 TAXATION III (EEA)
Chairperson: Switgard Feuerstein, University of Heidelberg
Room

  EFFECTIVE PROFIT TAXATION AND THE ELASTICITY OF THE CORPORATE INCOME TAX BASE: EVIDENCE FROM GERMAN CORPORATE TAX RETURN DATA
Nadja Dwenger, DIW Berlin
Co-Author: Viktor Steiner, DIW Berlin

 
  DETERRENCE THROUGH WORD OF MOUTH
Christian Traxler, Max Planck Institute for Research on Collective Goods
Co-Author: Johannes Rincke, University of Munich

 
  TAXES INDUCING INTERNATIONAL PRICE DISCRIMINATION: AN OPTIMAL TARIFF APPROACH
Switgard Feuerstein, University of Heidelberg
 

12:00 - 14:00 TRADE LIBERALIZATION STUDIES (EEA)
Chairperson: Assaf Razin, Tel Aviv University
Room

  CHILD WORK AND SCHOOLING UNDER TRADE LIBERALIZATION IN INDONESIA
Krisztina Kis-Katos, University of Freiburg, Germany
Co-Author: Robert Sparrow, Institute of Social Studies

 
  OFFSHORING PRODUCTION: A SIMPLE MODEL OF WAGES, PRODUCTIVITY, AND GROWTH
Alireza Naghavi, University of Bologna
Co-Author: Colin Davis,

 
  A MODEL OF TRADE LIBERALIZATION AND TECHNOLOGY ADOPTION WITH HETEROGENEOUS FIRMS
Andrey Stoyanov, York University

 
  INTERNATIONAL MIGRATION AND THE WELFARE STATE: FREE VS POLICY CONTROLLED MIGRATION
Assaf Razin, Tel Aviv University
Co-Author: Alon Cohen, Tel Aviv University
 

12:00 - 14:00 CONTRIBUTED SESSIONS 6
ESEM: Theoretical and Applied Economics



12:00 - 14:00 GAME THEORY II (ESEM TAE)
Chairperson: Rene Saran, Maastricht University
Room

  DYNAMIC COALITIONAL EQUILIBRIUM
Hannu Vartiainen, Turku School of Economics and Yrjö Jahnsson Foundation

 
  BACKWARDS INDUCTION AND SEQUENTIAL EQUILIBRIUM
Carlos Pimienta, The University of New South Wales

 
  ON THE EXISTENCE OF UNDOMINATED ELEMENTS OF ACYCLIC RELATIONS
Hannu Salonen, University of Turku
Co-Author: Hannu Vartiainen, Turku School of Economics and Yrjö Jahnsson Foundation

 
  THE MAXIMAL DOMAIN FOR THE REVELATION PRINCIPLE WHEN PREFERENCES ARE MENU DEPENDENT
Rene Saran, Maastricht University
 

12:00 - 14:00 AUCTIONS III (ESEM TAE)
Chairperson: Kazumori Eiichiro, University of Tokyo
Room

  CHARITY AUCTIONS FOR THE HAPPY FEW
Olivier Bos, Paris School of Economics and CORE

 
  ASYMMETRIC AUCTIONS WITH RESALE: AN EXPERIMENTAL STUDY
Sotiris Georganas, Ohio State
Co-Author: John Kagel, Ohio State

 
  SIGNALING IN AUCTIONS AMONG COMPETITORS
Cédric Wasser, Humboldt-University of Berlin
Co-Author: Benedikt von Scarpatetti, University of Basel

 
  A STRATEGIC THEORY OF MARKETS
Kazumori Eiichiro, University of Tokyo
 

12:00 - 14:00 REPEATED AND DYNAMIC GAMES II (ESEM TAE)
Chairperson: William Fuchs, University of Chicago
Room

  A FOLK THEOREM FOR FINITELY REPEATED STOCHASTIC GAMES.
chantal marlats, Paris School of Economics; Université Paris Panthéon-Sorbonne, CES

 
  COOPERATION AND COMMUNITY RESPONSIBILITY: A FOLK THEOREM FOR REPEATED RANDOM MATCHING GAMES
Joyee Deb, New York University, Stern School of Business

 
  A FOUNDATION FOR MARKOV EQUILIBRIA IN PERFECT INFORMATION GAMES
Stephen Morris, Princeton University
Co-Author: George Mailath,

 
  FROM EQUALS TO DESPOTS: THE DYNAMICS OF REPEATED GROUP DECISION TAKING WITH PRIVATE INFORMATION
William Fuchs, University of Chicago
Co-Author: vinicius carrasco, puc rio
 

12:00 - 14:00 NETWORKS I (ESEM TAE)
Chairperson: Luca Paolo Merlino, Universitat Autonoma de Barcelona
Room

  BOUNDED RATIONALITY AND INCOMPLETE INFORMATION IN NETWORK GAMES
Marco van der Leij, University of Alicante
Co-Authors: Coralio Ballester, University of Alicante and Giovanni Ponti, University of Alicante and University di Ferrara

 
  CENTRALIZING INFORMATION IN NETWORKS
Jeanne Hagenbach, Paris School of Economics

 
  EFFICIENCY IN COORDINATION GAMES PLAYED IN A VOLATILE ENVIRONMENT
Mathias Staudigl, Phd. Student

 
  ENDOGENOUS JOB CONTACT NETWORKS
Luca Paolo Merlino, Universitat Autonoma de Barcelona
Co-Author: Andrea Galeotti, University of Essex
 

12:00 - 14:00 TAXATION II (ESEM TAE)
Chairperson: Etienne Lehmann, CREST
Room

  A COMPARISON OF OPTIMAL TAX POLICIES WHEN COMPENSATION AND RESPONSIBILITY MATTER
Dirk Van de gaer, SHERPPA, Ghent University
Co-Author: Laurence Jacquet, Norwegian School of Economics and Business Administration

 
  CAPITAL INCOME TAXES WITH HETEROGENEOUS DISCOUNT RATES: POSITIVE FOR HIGH EARNERS, NEGATIVE FOR LOW EARNERS
Johannes Spinnewijn, Massachusetts Institute of Technology
Co-Author: Peter Diamond, Massachusetts Institute of Technology

 
  OPTIMAL TAXATION WITH MONOPOLISTIC COMPETITION
Leslie J Reinhorn, University of Durham

 
  THE OPTIMAL MARGINAL TAX RATES WITH BOTH EXTENSIVE AND INTENSIVE RESPONSES
Etienne Lehmann, CREST
Co-Authors: Laurence Jacquet, Norwegian School of Economics and Business Administration and Bruno Van der Linden, UCLouvain
 

12:00 - 14:00 INTERNATIONAL FINANCE I (ESEM TAE)
Chairperson: Bianca De Paoli, Bank of England, London School of Economics and CEP
Room

  AGGREGATION AND THE PPP PUZZLE IN A STICKY-PRICE MODEL
Fernanda Nechio, Princeton University
Co-Author: Carlos Carvalho, Federal Reserve Bank of New York

 
  NEWS SHOCKS, EXCHANGE RATES AND EQUITY PRICES
Pietro Cova, Bank of Italy
Co-Authors: Akito Matsumoto, International Monetary Fund, Massimiliano Pisani, Bank of Italy and Alessandro Rebucci, Inter-American Development Bank

 
  THE FORWARD PREMIUM PUZZLE AND LATENT FACTORS DAY BY DAY
Kerstin Bernoth, German Institute of Economic Research (DIW)
Co-Authors: Casper de Vries, Erasumus University Rotterdam, Tinbergen Institute and Jürgen Von Hagen, University of Bonn

 
  ON THE INTERNATIONAL DIMENSION OF FISCAL POLICY
Bianca De Paoli, Bank of England, London School of Economics and CEP
Co-Author: Gianluca Benigno, London School of Economics
 

12:00 - 14:00 GROWTH III (ESEM TAE)
Chairperson: Shu-shiuan Lu, National Tsing Hua University
Room

  CREDITOR RIGHTS, INEQUALITY AND DEVELOPMENT IN A NEOCLASSICAL GROWTH MODEL
Benjamin Moll, University of Chicago

 
  INFLATION, LIQUIDITY RISK, AND LONG-RUN TFP-GROWTH
Marc Schiffbauer, Economic and Social Research Institute (ESRI)
Co-Authors: Michael Evers, University of Bonn and Stefan Niemann, University of Essex

 
  REVISITING THE GROWTH OF HONG KONG, SINGAPORE, SOUTH KOREA, AND TAIWAN, 1978-2006 FROM THE PERSPECTIVE OF A NEOCLASSICAL MODEL
Shu-shiuan Lu, National Tsing Hua University
 

12:00 - 14:00 LABOR MARKETS AND HUMAN CAPITAL (ESEM TAE)
Chairperson: Caterina Calsamiglia , Universitat Autonoma de Barcelona
Room

  GRADE INFLATION, SOCIAL BACKGROUND, AND LABOUR MARKET MATCHING
Robert Schwager, Georg-August-University Goettingen

 
  HOW DO SHOCKS TO NON-COGNITIVE SKILLS AFFECT TEST SCORES?
Stefanie Behncke, SEW (University of St.Gallen), IZA, SNB

 
  IMPROVEMENT IN INFORMATION AND PRIVATE INVESTMENT IN EDUCATION
Itzhak Zilcha, Tel Aviv University
Co-Author: Bernhard Eckwert, Bielefeld University

 
  THE INCENTIVE EFFECTS OF AFFIRMATIVE ACTION IN A REAL-EFFORT TOURNAMENT
Caterina Calsamiglia , Universitat Autonoma de Barcelona
Co-Authors: Jörg Franke, TU Dortmund and Pedro Rey-Biel, Universitat Autònoma de Barcelona
 

12:00 - 14:00 SOCIAL NORMS AND SOCIAL NETWORKS (ESEM TAE)
Chairperson: Steffen Altmann, IZA and University of Bonn
Room

  ANONYMITY AND INFIDELITY: ETHNIC IDENTITY, CROSS-ETHNIC STRATEGIC SEXUAL NETWORK INTERACTIONS, AND HIV/AIDS IN AFRICA
Roland Pongou, Brown University

 
  CHANGING IDENTITY:
Alan Kirman, Université d''Aix Marseille lll

 
  SOCIAL PREFERENCES? GOOGLE ANSWERS!
Tobias Regner, Max Planck Institute of Economics

 
  THE IMPACT OF COOPERATION DEFAULTS ON VOLUNTARY CONTRIBUTIONS TO PUBLIC GOODS
Steffen Altmann, IZA and University of Bonn
Co-Author: Armin Falk, University of Bonn
 

12:00 - 14:00 CONTRIBUTED SESSIONS 6
ESEM: Econometrics and Empirical Economics



12:00 - 14:00
CONTRIBUTED SESSIONS ECONOMETRICS 6 (ESEM EEE)

JOB SEARCH ANALYSIS (ESEM EEE)
Chairperson: Bart Cockx, Sherppa, Ghent University
Room

  ARE CONTINGENT JOBS DEAD ENDS OR STEPPING STONES TO REGULAR JOBS? EVIDENCE FROM A STRUCTURAL ESTIMATION
Ryuichi Tanaka, Tokyo Institute of Technology
Co-Authors: Julen Esteban-Pretel, University of Tokyo and Ryo Nakajima, University of Tsukuba

 
  THE EFFECTS OF SAVINGS ON RESERVATION WAGES AND SEARCH EFFORT
Marloes Lammers, VU Amsterdam

 
  THE (UN)IMPORTANCE OF UNEMPLOYMENT FLUCTUATIONS FOR WELFARE
Keith Kuester, Federal Reserve Bank of Philadelphia
Co-Author: Philip Jung, University of Mannheim

 
  MONITORING AND SANCTIONS IN A NON-STATIONARY STRUCTURAL JOB SEARCH MODEL
Bart Cockx, Sherppa, Ghent University
Co-Authors: Muriel Dejemeppe, UCLouvain, Andrey Launov, University of Wuerzburg and Bruno Van der Linden, UCLouvain
 

12:00 - 14:00 RETIREMENT (ESEM EEE)
Chairperson: Raymond Montizaan, Maastricht University
Room

  PENSION PLANS AND THE RETIREMENT REPLACEMENT RATES IN THE NETHERLANDS
Mauro Mastrogiacomo, CPB (Netherlands bureau for Economic Policy Analysis) , VU Univeristy Amsterdam, Netspar
Co-Authors: Maarten Lindeboom, VU univeristy Amsterdam, Netspar, Petter Lundborg, VU University Amsterdam, Netspar and Mark van Duijn, OECD

 
  HEALTH, HEALTH INSURANCE AND THEIR EFFECT ON RETIREMENT BEHAVIOUR
Jonneke Bolhaar, VU University Amsterdam
Co-Author: Bas Van der Klaauw, VU University, Amsterdam

 
  HEALTH, RETIREMENT AND SOCIAL SECURITY POLICY
Shutao Cao, Bank of Canada

 
  SHATTERED DREAMS: THE EFFECTS OF CHANGING THE PENSION SYSTEM LATE IN THE GAME
Raymond Montizaan, Maastricht University
Co-Authors: Andries De grip, Maastricht University and Maarten Lindeboom, VU univeristy Amsterdam, Netspar
 

12:00 - 14:00 HEALTH CARE (ESEM EEE)
Chairperson: Daniel Bennett, University of Chicago
Room

  REDUCING THE NUMBER OF DOCTOR VISITS BY SUPPLY-SIDE REGULATIONS
Hendrik Schmitz, Ruhr Graduate School in Economics

 
  PUBLIC PRIMARY HEALTH CARE AND CHILD HEALTH IN BRAZIL: EVIDENCE FROM SIBLINGS
Mauricio Reis, Instituto de pesquisa Econômica Aplicada

 
  COMPETING DOCTORS, ANTIBIOTIC USE, AND ANTIBIOTIC RESISTANCE IN TAIWAN
Daniel Bennett, University of Chicago
Co-Authors: Che-Lun Hung, National Tsing Hua University and Tsai-Ling Lauderdale, NHRI Taiwan
 

12:00 - 14:00 ASSET PRICING 2 (ESEM EEE)
Chairperson: Anna Simoni, Toulouse School of Economics
Room

  APPROXIMATE DERIVATIVE PRICING FOR LARGE CLASS OF HOMOGENEOUS ASSETS WITH SYSTEMATIC RISKS
Patrick Gagliardini, University of Lugano and Swiss Finance Institute
Co-Author: Christian Gouriéroux, CREST, CEPREMAP and University of Toronto

 
  ESTIMATING AND TESTING CROSS-SECTIONAL ASSET PRICING MODELS: A ROBUST IV ECONOMETRIC TECHNIQUE
Huntley Schaller, Princeton University
Co-Author: Lynda Khalaf, Carleton University

 
  ON THE INFORMATIONAL PROPERTIES OF TRADING NETWORKS
Celso Brunetti, Johns Hopkins University
Co-Authors: Lada Adamic, University of Michigan and Andrei Kirilenko, CFTC

 
  BAYESIAN NONPARAMETRIC ESTIMATION OF ASSET PRICING FUNCTIONALS
Anna Simoni, Toulouse School of Economics
 

12:00 - 14:00 INDUSTRIAL ORGANIZATION (ESEM EEE)
Chairperson: Raquel Sampaio, Toulouse School of Economics
Room

  ESTIMATING A MODEL OF STRATEGIC NETWORK CHOICE: THE CONVENIENCE-STORE INDUSTRY IN OKINAWA
Mitsukuni Nishida, University of Chicago

 
  DO FIRMS SELL FORWARD CONTRACTS FOR STRATEGIC REASONS? AN APPLICATION TO THE DUTCH WHOLESALE MARKET FOR NATURAL GAS
Remco van Eijkel, University of Groningen
Co-Author: Jose Luis Moraga-Gonzalez, University of Groningen

 
  LOCAL ENTRY DECISIONS IN THE US BANKING INDUSTRY
Ramiro de Elejalde, Universidad Carlos III de Madrid

 
  COMPETITION BETWEEN LOW-COST CARRIERS AND TRADITIONAL AIRLINES: AN EMPIRICAL ENTRY MODEL
Raquel Sampaio, Toulouse School of Economics
 

12:00 - 14:00 NONPARAMETRICS (ESEM EEE)
Chairperson: Karl Schlag, Universitat Pompeu Fabra
Room

  A STATISTICAL THEORY OF EXPERIMENTS IN ECONOMIC EXPERIMENTS
Raffaello Seri, Università dell''Insubria
Co-Authors: Michele Bernasconi, Università Ca' Foscari Venezia and Christine Choirat, Universidad de Navarra

 
  ESTIMATING AVERAGE MARGINAL EFFECTS IN NONSEPARABLE STRUCTURAL SYSTEMS
Karim Chalak, Boston College
Co-Authors: Susanne Schennach, University of Chicago and Halbert White, University of California, San Diego

 
  PROPERTIES OF HIERARCHICAL ARCHIMEDEAN COPULAS
Okhrin Yarema, University of Bern
Co-Authors: Ostap Okhrin, Humboldt-Universität zu Berlin and Wolfgang Schmid, European University Viadrina

 
  EXACT TESTS FOR CORRELATION AND FOR THE SLOPE IN SIMPLE LINEAR REGRESSIONS WITHOUT MAKING ASSUMPTIONS
Karl Schlag, Universitat Pompeu Fabra
 

12:00 - 14:00 VAR (ESEM EEE)
Chairperson: Helmut Lutkepohl, EUI, Florence
Room

  AUTOREGRESSIONS AND PRIORS ABOUT INITIAL GROWTH RATES
Marek Jarocinski, European Central Bank
Co-Author: Albert Marcet, IAE-CSIC

 
  NONCAUSAL VECTOR AUTOREGRESSION
Markku Lanne,
Co-Author: Pentti Saikkonen, University of Helsinki

 
  LONG RUN CANONICAL CORRELATIONS: ESTIMATION, INFERENCE AND USEFULNESS IN ECONOMETRIC ANALYSIS OF TIME SERIES
Alastair Hall, University of Manchester
Co-Authors: Prosper Dovonon, Barclays Wealth and Kalidas Jana, University of Texas at Brownsville

 
  STRUCTURAL VECTOR AUTOREGRESSIONS WITH MARKOV SWITCHING
Helmut Lutkepohl, EUI, Florence
Co-Authors: Markku Lanne, and Katarzyna Maciejowska Maciejowska,
 

12:00 - 14:00 VOLATILITY 3 (ESEM EEE)
Chairperson: Katja Ahoniemi, Helsinki School of Economics
Room

  ASSESSING THE NATURE OF PRICING INEFFICIENCIES VIA REALIZED MEASURES
Rachidi Kotchoni, Université de Montréal
Co-Author: Marine Carrasco, University of Montreal, CIREQ, CIRANO

 
  RE)CORRELATION: A MARKOV SWITCHING MULTIFRACTAL MODEL WITH TIME VARYING CORRELATIONS
Julien Idier, Banque de France & université Paris 1

 
  REFINING MULTIVARIATE REALIZED KERNELS: A BLOCKING AND RANDOM MATRIX THEORY APPROACH
Lada Kyj, Humboldt University zu Berlin
Co-Authors: Nikolaus Hautsch, Humboldt-Universit¨at zu Berlin and Roel Oomen, Deutsche Bank, London and University of Amsterdam

 
  IMPLIED VOLATILITY WITH TIME-VARYING REGIME PROBABILITIES
Katja Ahoniemi, Helsinki School of Economics
Co-Author: Markku Lanne,
 

12:00 - 14:00 POLITICAL ECONOMY (ESEM EEE)
Chairperson: Carmine Guerriero, University of Cambridge
Room

  A REGRESSION DISCONTINUITY TEST OF STRATEGIC VOTING AND DUVERGER'S LAW
Fujiwara Thomas, Dept. of Economics, Univ. of British Columbia

 
  INFERRING STRATEGIC VOTING
Yasutora Watanabe, Northwestern University
Co-Author: Kei Kawai, Northwestern University

 
  GOVERNMENT SPENDING AND LEGISLATIVE ORGANIZATION: QUASI-EXPERIMENTAL EVIDENCE FROM GERMANY
Marko Koethenbuerger, University of Copenhagen
Co-Author: Peter Egger, Ifo Institute, LMU Munich

 
  THE POLITICAL ECONOMY OF INCENTIVE REGULATION: THEORY AND EVIDENCE FROM US STATES
Carmine Guerriero, University of Cambridge
 

12:00 - 14:00 PANEL DATA (ESEM EEE)
Chairperson: Manuel Arellano, CEMFI
Room

  NEW NONPARAMETRIC ESTIMATION OF THE MARGINAL EFFECTS IN FIXED-EFFECTS PANEL MODELS: AN APPLICATION ON THE ENVIRONMENTAL KUZNETS CURVE
Debasri Mukherjee, Western Michigan University
Co-Author: yoonseok lee, university of michigan

 
  ESTIMATING NONLINEAR MODELS WITH MULTIPLE FIXED EFFECTS: A COMPUTATIONAL NOTE
Laura Hospido, Bank of Spain, Research Division
Co-Author: Manuel Arellano, CEMFI

 
  IDENTIFYING DISTRIBUTIONAL CHARACTERISTICS IN RANDOM COEFFICIENTS PANEL DATA MODELS
Manuel Arellano, CEMFI
Co-Author: Stéphane Bonhomme, CEMFI
 

15:30 - 17:30 CONTRIBUTED SESSIONS 7
EEA



15:30 - 17:30 BANKING I (EEA)
Chairperson: Javier Andrés, Universidad de Valencia
Room

  RELATIONSHIP LENDING AND FIRM INNOVATIVENESS
Caterina Giannetti, University of Siena

 
  PROBABILITY OF DEFAULT, FACILITY RATING AND LOAN MATURITY
Dorothea Schäfer, German Institute for Economic Research
Co-Authors: Nataliya Barasinska, German Institute for Economic Research and Oleksandr Talavera, Robert Gordon University

 
  BANKING COMPETITION, HOUSING PRICES AND MACROECONOMIC STABILITY
Javier Andrés, Universidad de Valencia
Co-Author: Óscar Arce, Economic Bureau of the Prime Minister.of Spain
 

15:30 - 17:30 CORPORATE TAXATION (EEA)
Chairperson: Ruud de Mooij, Erasmus School of Economics
Room

  CORPORATE INCOME TAXATION AND LOBBYING OF MULTINATIONAL ENTERPRISES
Alexander Mahle, University of Munich
Co-Author: Marco Runkel, Otto von Guericke Universität Magdeburg

 
  THE POLITICAL ECONOMY OF CORPORATE TAX HARMONIZATION - WHY DO EUROPEAN POLITICIANS (DIS)LIKE MINIMUM TAX RATES?
Steffen Osterloh, ZEW (Centre for European Economic Research)
Co-Author: Friedrich Heinemann, ZEW (Centre for European Economic Research)

 
  CAPITAL STRUCTURE, CORPORATE TAXATION AND FIRM AGE
Matthias Stoeckl, University of Innsbruck
Co-Authors: Michael Pfaffermayr, University of Innsbruck and Hannes Winner, University of Innsbruck, Department of Economics and Statistics

 
  AN APPLIED ANALYSIS OF ACE AND CBIT: REFORM IN THE EU
Ruud de Mooij, Erasmus School of Economics
 

15:30 - 17:30 ECONOMIC ANALYSIS OF CONFLICT (EEA)
Chairperson: Joan Esteban, IAE, CSIC, Barcelona
Room

  ETHNIC CONFLICT AND JOB SEPARATIONS
Asaf Zussman, Hebrew University
Co-Authors: Sami Miaari, European University Institute and Noam Zussman, Bank of Israel

 
  DOES TERRORISM HAVE ECONOMIC ROOTS?
Pinar Derin Gure, Boston University

 
  LOCALIZING CONFLICT SPILLOVERS: INTRODUCING REGIONAL HETEROGENEITY IN CONFLICT STUDIES
Joppe De Ree, DIW Berlin

 
  A MODEL OF ETHNIC CONFLICT
Joan Esteban, IAE, CSIC, Barcelona
Co-Author: Debraj Ray, New York University and Instituto de An ́ lisis Economico (CSIC)
 

15:30 - 17:30 ECONOMICS OF EDUCATION III (EEA)
Chairperson: David Jaeger, City University of New York Graduate Center
Room

  EDUCATION, TECHNOLOGY DIFFUSION AND GROWTH: A DEEPER LOOK AT DATA
Pierre-Yves Cabannes, CREST-INSEE, PSE

 
  HOW MUCH DO PARENTS VALUE PRIORITY ADMISSION TO ELEMENTARY SCHOOLS WITH DIFFERENT ACADEMIC REPUTATIONS?
Wei-Kang Wong, Department of Economics, National University of Singapore

 
  THE SIGNALING VALUE OF CENTRAL SCHOOL EXAMS
Guido Schwerdt, ifo Institute for Economic Research
Co-Author: Ludger Wössmann, Ifo Insitute of Economic Research

 
  ON THE SENSITIVITY OF RETURN TO SCHOOLING ESTIMATES TO ESTIMATION METHODS, MODEL SPECIFICATION, AND INFLUENTIAL OUTLIERS IF IDENTIFICATION IS WEAK
David Jaeger, City University of New York Graduate Center
Co-Author: Juliane Parys, Bonn Graduate School of Economics
 

15:30 - 17:30 ECONOMICS OF THE HOUSEHOLD V (EEA)
Chairperson: Christoph Winter, IEW, University of Zurich
Room

  HOUSE PRICE VOLATILITY AND HOUSEHOLD INDEBTEDNESS IN THE UNITED STATES AND THE UNITED KINGDOM
John Gathergood, University of Nottingham
Co-Author: Richard Disney, University of Nottingham

 
  CHOOSING AND USING PAYMENT INSTRUMENTS: EVIDENCE FROM GERMAN MICRO-DATA
Ulf Von Kalckreuth, Deutsche Bundesbank
Co-Authors: Tobias Schmidt, Deutsche Bundesbank and Helmut Stix, Oesterreichische Nationalbank

 
  ACCOUNTING FOR THE CHANGING ROLE OF FAMILY INCOME IN DETERMINING COLLEGE ENTRY
Christoph Winter, IEW, University of Zurich
 

15:30 - 17:30 EMPIRICAL FINANCE IV (EEA)
Chairperson: Christian Grisse, Federal Reserve Bank of New York
Room

  EXPECTATIONS HYPOTHESIS AND THE FX RISK PREMIUM: GETTING THE MEASURE RIGHT
Paul Schneider, University of Warwick
Co-Authors: Wagner Christian, Vienna University of Economics and Business and Lucio Sarno, Cass Business School, City University London

 
  WHY DO MARKETS FREEZE? ASYMMETRIC INFORMATION AND CAPITAL CONSTRAINTS
Yaron Leitner, Federal Reserve Bank of Philadelphia
Co-Author: Philip Bond, University of Pennsylvania

 
  NEWS PRESSURE, PUBLIC IMAGE, AND FIRM STOCK MARKET VALUE
Marie-Aude Laguna, Université Paris I Panthéon-Sorbonne

 
  HIGHER ORDER BELIEFS AND THE COMOVEMENT OF ASSET PRICES
Christian Grisse, Federal Reserve Bank of New York
 

15:30 - 17:30 EXPERIMENTAL ECONOMICS III (EEA)
Chairperson: Stefanie Gapp, University of Innsbruck, Institute of Public Choice
Room

  MEASURING TRUST: EXPERIMENTS AND SURVEYS IN CONTRAST AND COMBINATION
Michael Naef, Royal Holloway, U London
Co-Author: Juergen Schupp, DIW Berlin

 
  POWER IN PARTNERSHIPS: AN EXPERIMENTAL ANALYSIS OF INCOMPLETE CONTRACTS
Marco Faravelli, University of St Andrews
Co-Authors: Oliver Kirchkamp, University of Jena and Helmut Rainer, University of St Andrews

 
  THE IMPACT OF SOCIAL COMPARISONS ON RECIPROCITY
Daniele Nosenzo, University of Nottingham
Co-Authors: Simon Gaechter, Nottingham and Martin Sefton, University of Nottingham

 
  THIRD-PARTY OBSERVATION AND INTERVENTION IN THE PRISONER’S DILEMMA
Stefanie Gapp, University of Innsbruck, Institute of Public Choice
Co-Author: Matthias Sutter, University of Innsbruck
 

15:30 - 17:30 FISCAL POLICY II (EEA)
Chairperson: Rym Aloui, university of Evry- EPEE
Room

  COUNTERCYCLICAL ASPECTS OF PUBLIC DEBT
Thomas Weitzenblum, University of Franche-Comté, CRESE and PSE-CEPREMAP
Co-Author: Sumudu Kankanamge, Paris School of Economics

 
  SIMPLE FISCAL POLICY RULES: TWO CHEERS FOR A DEBT BRAKE?
Eric Mayer, UNiversity of Würzburg
Co-Author: Nikolai Stähler, Deutsche Bundesbank

 
  SIMPLE MONETARY AND FISCAL RULES IN A NON RICARDIAN ECONOMY WITH CAPITAL: LEEPER REVISITED
Rym Aloui, university of Evry- EPEE
Co-Author: Michel Guillard, University of Evry EPEE
 

15:30 - 17:30 HEALTH ECONOMICS IV (EEA)
Chairperson: Cristina Vilaplana Prieto, Universidad Católica San Antonio de Murcia
Room

  EVALUATING A NATIONWIDE HEALTH INTERVENTION USING THE INTENTION-TO-TREAT FRAMEWORK: AN APPLICATION TO MALAWI’S ITN DISTRIBUTION PROGRAM
Eva Deuchert, University of St. Gallen

 
  EMPIRICAL ESTIMATES OF THE IMPACT OF A FAT TAX
Martin O''Connell, Institute for Fiscal Studies
Co-Authors: Rachel Griffith, IFS and Lars Nesheim, Institute for Fiscal Studies

 
  THE TRADE-OFF BETWEEN FORMAL AND INFORMAL CARE IN SPAIN
Cristina Vilaplana Prieto, Universidad Católica San Antonio de Murcia
Co-Author: Jiménez Martín Sergi, Universitat Pompeu Fabra
 

15:30 - 17:30 HIGHER EDUCATION (EEA)
Chairperson: Ana Rute Cardoso, IAE Barcelona (CSIC) and IZA Bonn
Room

  CLASS ATTENDANCE AND ACADEMIC PERFORMANCE AMONG SPANISH ECONOMICS STUDENTS
Carlos Velasco, UC3Madrid
Co-Authors: Vincenzo Andrietti, Universita' D'Annunzio di Chieti e Pescara and Rosaria D'Addazio, Università G. d'Annunzio Chieti-Pescara

 
  THE EFFECT OF CLASS SIZE AND PEER EFFECTS ON THE ACADEMIC PERFORMANCE OF COLLEGE STUDENTS
Matilde Machado, Universidad Carlos III
Co-Author: Marcos Vera-Hernadez, UNIVERSITY COLLEGE OF LONDON AND IFS

 
  ARE THERE SHEEPSKIN EFFECTS IN THE RETURN TO HIGHER EDUCATION IN SWEDEN?
Susanna Holzer, Växjö University

 
  COMPARING THE EARLY RESEARCH PERFORMANCE OF PHD GRADUATES IN LABOR ECONOMICS IN EUROPE AND THE USA
Ana Rute Cardoso, IAE Barcelona (CSIC) and IZA Bonn
Co-Authors: Paulo Guimarães, University South Carolina and Klaus F. Zimmermann, IZA Bonn
 

15:30 - 17:30 HOUSING AND THE MACROECONOMY (EEA)
Chairperson: Matteo Iacoviello, Boston College
Room

  ON THE IMPORTANCE OF BORROWING CONSTRAINTS FOR HOUSE PRICE DYNAMICS
Niku Määttänen, Helsinki School of Economics
Co-Author: Essi Eerola, Government Institute for Economic Research

 
  THE MACROECONOMICS OF REAL ESTATE
Stefan Ried, Humboldt-Universität zu Berlin
Co-Author: Harald Uhlig, The University of Chicago

 
  HOUSE PRICE DYNAMICS WITH HETEROGENEOUS EXPECTATIONS
Giovanni Favara, HEC University of Lausanne
Co-Author: Song Zheng, School of Economics Fudan University

 
  HOUSING AND DEBT OVER THE LIFE CYCLE AND OVER THE BUSINESS CYCLE
Matteo Iacoviello, Boston College
 

15:30 - 17:30 INCENTIVE SYSTEMS (EEA)
Chairperson: Wendelin Schnedler, Heidelberg University
Room

  LIFETIME INCENTIVE, GROUP NORM AND COMMITMENT WITHIN HIERARCHICAL ORGANIZATION
Yanren Zhang, PhD student in the University of Aberdeen

 
  RISK SHARING AND EMPLOYEE MOTIVATION IN COMPETITIVE SEARCH EQUILIBRIUM
Anna Chizhova, University of Konstanz

 
  TOURNAMENT INCENTIVES IN THE FIELD: GENDER DIFFERENCES IN THE WORKPLACE
Josse Delfgaauw, Erasmus University Rotterdam
Co-Authors: Robert Dur, Erasmus Unversity Rotterdam ESE, Tinbergen Institute, CESifo, IZA, Joeri Sol, phd-student and Willem Verbeke, Erasmus Univeristy Rotterdam and ERIM

 
  WHEN ARE MULTIPLE TASKS A PROBLEM?
Wendelin Schnedler, Heidelberg University
 

15:30 - 17:30 INDUSTRIAL ORGANIZATION: INNOVATION II (EEA)
Chairperson: Jenny Meyer, Centre for European Economic Research (ZEW)
Room

  INNOVATION CAPACITY AND FINANCING CONSTRAINTS FOR INNOVATION
Hanna Hottenrott, K.U.Leuven
Co-Author: Bettina Peters, ZEW Centre for European Economic Research

 
  DYNAMIC INCENTIVES IN A MODEL OF SEQUENTIAL INNOVATION
Stefano Trento, Universitat Autònoma de Barcelona
Co-Author: Gaston Llanes, Harvard Business School

 
  DOES SOCIAL SOFTWARE SUPPORT SERVICE INNOVATION?
Jenny Meyer, Centre for European Economic Research (ZEW)
 

15:30 - 17:30 INDUSTRIAL ORGANIZATION: ORGANIZATIONS AND CONTRACTS (EEA)
Chairperson: Bernardo Bortolotti, Fondazione Eni Enrico Mattei
Room

  AN EQUILIBRIUM ANALYSIS OF ANTITRUST AS A SOLUTION TO THE PROBLEM OF PATENT HOLD-UP
Bernhard Ganglmair, University of Zurich, IEW
Co-Author: Luke Froeb, Vanderbilt University

 
  THE DESIGN OF VERTICAL R\&D COLLABORATIONS
Patrick Herbst, Goethe University Frankfurt
Co-Author: Uwe Walz, Goethe University Frankfurt

 
  CAPITAL STRUCTURE AND REGULATION: DO OWNERSHIP AND REGULATORY INDEPENDENCE MATTER?
Bernardo Bortolotti, Fondazione Eni Enrico Mattei
 

15:30 - 17:30 INFLATION EXPECTATIONS (EEA)
Chairperson: Marco Del Negro, FRB New York
Room

  GAUGING THE EFFECTIVENESS OF CENTRAL BANK FORWARD GUIDANCE
Andersson Magnus, ECB
Co-Author: Boris Hofmann, ECB

 
  PRICE DISCOVERY ON TRADED LONG-TERM INFLATION EXPECTATIONS IN THE EURO AREA
Jelena Stapf, Deutsche Bundesbank
Co-Author: Alexander Schulz, Deutsche Bundesbank

 
  TESTING REAL TIME RATIONALITY
Krisztina Molnar, Norwegian School of Economics and Business Administration

 
  MODELING INFLATION EXPECTATIONS
Marco Del Negro, FRB New York
Co-Author: Stefano Eusepi, FRBNY
 

15:30 - 17:30 INTERNATIONAL FINANCE IV (EEA)
Chairperson: Mark Mink, Netherlands Central Bank; University of Groningen
Room

  INTERNATIONAL PORTFOLIO ALLOCATION UNDER MODEL UNCERTAINTY
Salvatore Nisticò, Università di Roma TorVergata and LUISS G. Carli
Co-Author: Pierpaolo Benigno, New York University

 
  THE EFFECT OF CAPITAL CONTROLS ON ECHANGE RATE RISK
Roald Versteeg, Maastricht University
Co-Author: Stefan Straetmans, University of Maastricht

 
  MEASURING STOCK MARKET CONTAGION WITH AN APPLICATION TO THE SUB-PRIME CRISIS
Mark Mink, Netherlands Central Bank; University of Groningen
Co-Author: Jochen Mierau, University of Groningen
 

15:30 - 17:30 INTERNATIONAL TRADE AND ECONOMIC INTEGRATION II (EEA)
Chairperson: Antoine Berthou, CEPII, University Paris I
Room

  LOBBYING AND INFORMATION TRANSMISSION IN CUSTOMS UNIONS
Rafael Costa Lima, EPGE\FGV
Co-Authors: Humberto Moreira, Fundação Getulio Vargas and Thierry Verdier, Paris-Jourdan Sciences Economiques

 
  DOMESTIC POLICIES IN TRADE AGREEMENTS WHEN FIRMS MATTER
David DeRemer, Columbia University

 
  ECONOMIC INTEGRATION AND MULTI-PRODUCT FIRMS: EMPIRICAL EVIDENCE
Antoine Berthou, CEPII, University Paris I
Co-Author: Lionel Fontagné, Université Paris I, Paris School of Economics, CEPII
 

15:30 - 17:30 INTERNATIONAL TRADE: EMPIRICAL STUDIES IV (EEA)
Chairperson: Elena Besedina, Kyiv School of Economics, Kyiv Economics Institute
Room

  VOLATILITY, FINANCIAL CONSTRAINS, AND TRADE
Maria Garcia de la Vega, University Complutense
Co-Author: Alessandra Guariglia, Nottingham University

 
  ON THE IMPORTANCE OF ADJUSTMENT DYNAMICS FOR BILATERAL TRADE FLOWS
Benjamin Jung, University of Hohenheim

 
  DOES EXPORT CONCENTRATION CAUSE VOLATILITY?
Christian Busch, KOF Swiss Economic Institute

 
  EXPORTING AND PRODUCTIVITY UNDER ENDOGENOUS TRADE POLICY
Elena Besedina, Kyiv School of Economics, Kyiv Economics Institute
 

15:30 - 17:30 LABOR MARKETS AND MACROECONOMIC DYNAMICS I (EEA)
Chairperson: Pedro Portugal, Banco de Portugal
Room

  FIRM ENTRY AND LABOR MARKET DYNAMICS
Pedro Silos, Federal Reserve Bank of Atlanta
Co-Author: Enchuan Shao, Bank of Canada

 
  LABOUR MARKET EFFECTS OF PUBLIC SECTOR EMPLOYMENT AND WAGES
Pedro Gomes, London School of Economic

 
  INEQUALITY, HOURS AND LABOR MARKET PARTICIPATION
Josep Pijoan, CEMFI
Co-Author: Claudio Michelacci, CEMFI

 
  REAL WAGES AND THE BUSINESS CYCLE: ACCOUNTING FOR WORKER AND FIRM HETEROGENEITY
Pedro Portugal, Banco de Portugal
Co-Authors: Anabela Carneiro, Universidade do Porto and Paulo Guimarães, University South Carolina
 

15:30 - 17:30 LABOR MARKETS: EMPIRICAL STUDIES III (EEA)
Chairperson: Frank Corvers, ROA / Maastricht University
Room

  THE EFFECTS OF TAXES ON EARNINGS: EVIDENCE FROM A COHORT BASED PAYROLL TAX REFORM IN GREECE
Panos Tsakloglou, Athens University of Economics and Business
Co-Authors: Manos Matsaganis, Athens University of Economics and Business and Emmanuel Saez, University of California at Berkeley

 
  THE LABOR MARKET RETURNS TO COGNITIVE AND NONCOGNITIVE SKILLS: EVIDENCE FROM THE SWEDISH ENLISTMENT
Erik Lindqvist, Research Institute of Industrial Economics

 
  WRONG ORIGIN OR WRONG NEIGHBORHOOD: EXPLAINING LOWER LABOR MARKET PERFORMANCE OF FRENCH WORKERS WITH AFRICAN ORIGIN
Roland Rathelot, CREST-DARES

 
  TRAINING BACKGROUND AND EARLY RETIREMENT
Frank Corvers, ROA / Maastricht University
Co-Authors: Andries De grip, Maastricht University and Raymond Montizaan, Maastricht University
 

15:30 - 17:30 MICROFINANCE (EEA)
Chairperson: Andre Guettler, European Business School
Room

  BEHAVIORAL FOUNDATIONS OF MICROCREDIT: EXPERIMENTAL AND SURVEY EVIDENCE FROM RURAL INDIA
Michal Bauer, Institute of Economic Studies, Charles University
Co-Author: Julie Chytilova, Institute of Economic Studies, Charles University in Prague

 
  MEDIUM AND LONG-TERM PARTICIPATION IN MICROFINANCE: AN EVALUATION USING LARGE PANEL DATASET FROM BANGLADESH
Asadul Islam, Lecturer, Department of Economics, Monash University, Australia

 
  THE CREDITWORTHINESS OF THE POOR. A MODEL OF THE GRAMEEN BANK
David Martinez-Miera, CEMFI
Co-Author: Michal Kowalik, Mannheim

 
  ARE WOMEN BETTER LOAN OFFICERS?
Andre Guettler, European Business School
Co-Authors: Thorsten Beck, Tilburg University and Patrick Behr, Goethe University Frankfurt
 

15:30 - 17:30 MIGRATION III (EEA)
Chairperson: Leilanie Basilio, Ruhr Graduate School in Economics
Room

  NEW LABOUR? THE IMPACT OF MIGRATION FROM CENTRAL AND EASTERN EUROPEAN COUNTRIES ON THE UK LABOUR MARKET
Sara Lemos, University of Leicester
Co-Author: Jonathan Portes, Department for Work and Pensions

 
  UNDERSTANDING THE NATIVE-IMMIGRANT WAGE GAP USING MATCHED EMPLOYER-EMPLOYEE DATA. EVIDENCE FROM GERMANY.
Cristian Bartolucci, CEMFI

 
  ECONOMIC IMPACT OF MIGRATION FLOWS FOLLOWING THE 2004 EU ENLARGEMENT PROCESS – A MODEL BASED ANALYSIS -
Karl Pichelmann, European Commission
Co-Authors: Francesca D'Auria, European Commission, Karel Havik, European Commission and Kieran Mc Morrow, Eurpean Commission

 
  DECIDING WHO WORKS WHERE: AN ANALYSIS OF THE DISTRIBUTION OF WORK WITHIN NATIVE AND IMMIGRANT FAMILIES IN AUSTRALIA
Leilanie Basilio, Ruhr Graduate School in Economics
 

15:30 - 17:30 MONETARY ECONOMICS III (EEA)
Chairperson: Petra Geraats, University of Cambridge
Room

  THE HOUSING PRICE BOOM OF THE LATE '90S: DID INFLATION TARGETING MATTER?
Jean-Stéphane Mésonnier, Banque de France
Co-Author: Sébastien FRAPPA, Banque de France

 
  THE ROLE OF MEDIA FOR INFLATION FORECAST DISAGREEMENT OF HOUSEHOLDS AND PROFESSIONALS
Thomas Maag, KOF Swiss Economic Institute
Co-Author: Michael Lamla, ETH Zürich

 
  TRENDS IN MONETARY POLICY TRANSPARENCY
Petra Geraats, University of Cambridge
 

15:30 - 17:30 POLITICAL ECONOMY: PUBLIC CONSUMPTION AND INVESTMENT (EEA)
Chairperson: Jakob De Haan, University of Groningen
Room

  DO RE-ELECTION PROBABILITIES INFLUENCE PUBLIC INVESTMENT?
Gisle James Natvik, Norges Bank
Co-Author: Jon H. Fiva, University of Oslo

 
  PRIVATE SECTOR CROWDING OUT THROUGH EXCESSIVE PUBLIC SECTOR EMPLOYMENT
Esteban Jaimovich, Collegio Carlo Alberto
Co-Author: Juan Pablo Rud, London School of Economics

 
  CAMPAIGN SPENDING LIMITS, INCUMBENT SPENDING, AND ELECTION OUTCOMES
Marie Rekkas, Simon Fraser University
Co-Author: Kevin Milligan, University of British Columbia

 
  POLITICAL BUDGET CYCLES AND ELECTION OUTCOMES
Jakob De Haan, University of Groningen
Co-Author: Jeroen Klomp, University of Groningen
 

15:30 - 17:30 PUBLIC GOODS PROVISION (EEA)
Chairperson: Kjell Arne Berkke, University of Oslo
Room

  DECENTRALISED PROVISION OF INTERTEMPORAL PUBLIC GOODS WITH STOCK EFFECTS AS SUBGAME PERFECT NASH EQUILIBRIUM
Anke Gerber, University of Hamburg
Co-Author: Philipp Wichardt,

 
  SEPARATION OF POWERS, POLITICAL COMPETITION AND EFFICIENT PROVISION OF PUBLIC GOODS
Aristotelis Boukouras, University of Warwrick, Department of Economics
Co-Author: Kostas Koufopoulos, University of Warwick, Finance Group

 
  PLAYING WITH THE GOOD GUYS A PUBLIC GOOD GAME WITH ENDOGENOUS GROUP FORMATION
Kjell Arne Berkke, University of Oslo
Co-Authors: Karen Evelyn Hauge, University of Oslo and Jo Thori Lind, Department of Economics, University of Oslo
 

15:30 - 17:30 TAXATION IV (EEA)
Chairperson: Susanne Pech, University of Linz
Room

  THE OPTIMAL TAX TREATMENT OF HOUSING CAPITAL IN THE NEOCLASSICAL GROWTH MODEL
Essi Eerola, Government Institute for Economic Research
Co-Author: Niku Määttänen, Helsinki School of Economics

 
  ANTICIPATED TAX REFORMS AND TEMPORARY TAX CUTS: A GENERAL EQUILIBRIUM ANALYSIS
Timo Trimborn, University of Hannover
Co-Author: Holger Strulik, University of Hannover

 
  CAPITAL TAXATION WITH ENTREPRENEURIAL RISK
Vasia Panousi, Federal Reserve Board

 
  OPTIMUM TAXATION OF BEQUESTS IN A MODEL WITH INITIAL WEALTH
Susanne Pech, University of Linz
Co-Author: Johann K. Brunner, University of Linz
 

15:30 - 17:30 CONTRIBUTED SESSIONS 7
ESEM: Theoretical and Applied Economics



15:30 - 17:30 GAME THEORY: EXPERTS AND MONITORING (ESEM TAE)
Chairperson: Wojciech Olszewski, Northwestern University
Room

  BAYESIAN FORECAST-TESTING
colin stewart, University of Toronto

 
  BUT WHO WILL MONITOR THE MONITOR?
David Rahman, University of Minnesota

 
  CLEARLY BIASED EXPERTS
Archishman Chakraborty, York University

 
  THE PRINCIPAL-AGENT APPROACH TO TESTING EXPERTS
Wojciech Olszewski, Northwestern University
Co-Author: Marcin Pêski, University of Texas at Austin
 

15:30 - 17:30 CONTRACT THEORY III (ESEM TAE)
Chairperson: Ola Kvaløy, University of Stavanger
Room

  RECIPROCITY AND INCENTIVE PAY IN THE WORKPLACE
Arjan Non, Erasmus University Rotterdam
Co-Authors: Robert Dur, Erasmus Unversity Rotterdam ESE, Tinbergen Institute, CESifo, IZA and Hein Roelfsema, Utrecht University of Applied Sciences

 
  SATISFACTORY GOVERNANCE MECHANISMS IN BILATERAL CONTRACTS
Claudio Panico, Bocconi University

 
  THE RISE OF INDIVIDUAL PERFORMANCE PAY
Trond Olsen,
Co-Author: Ola Kvaløy, University of Stavanger

 
  TOURNAMENTS WITH PRIZE-SETTING AGENTS
Ola Kvaløy, University of Stavanger
Co-Authors: Kristoffer Eriksen, University of Stavanger and Trond Olsen,
 

15:30 - 17:30 COOPERATIVE AND COALITIONAL GAMES (ESEM TAE)
Chairperson: Emiliya Lazarova, Queen''s University Belfast
Room

  DIVIDENDS AND WEIGHTED VALUES IN GAMES WITH EXTERNALITIES
David Pérez-Castrillo, Universitat Autonoma de Barcelona
Co-Authors: Inés Macho-Stadler, Universitat Autonoma de Barcelona and David Wettstein, Ben-Gurion University of the Negev

 
  INDIVIDUAL VERSUS GROUP STRATEGY-PROOFNESS: WHEN DO THEY COINCIDE?
Salvador Barbera, UNIVERSITAT AUTONOMA DE BARCELONA
Co-Authors: Dolors Berga, Universitat de Girona and Bernardo Moreno, Universidad de Málaga

 
  MARKOVIAN ASSIGNMENT RULES
Francis Bloch, Ecole Polytechnique

 
  COALITIONAL MATCHINGS
Emiliya Lazarova, Queen''s University Belfast
Co-Author: Dinko Dimitrov, University of Munich
 

15:30 - 17:30 EXPERIMENTAL AND BEHAVIORAL ECONOMICS (ESEM TAE)
Chairperson: Julia Nafziger, Aarhus University
Room

  COORDINATION AND COMMUNICATION IN MULTIPARTY ELECTIONS WITH COSTLY VOTING
Wolfgang Luhan, University of Oldenburg
Co-Authors: Bernhard Kittel, University of Oldenburg, department of Social Sciences and Rebecca Morton, New Yor University, Department of Politics

 
  ELICITED BELIEFS AND SOCIAL INFORMATION IN MODIFIED DICTATOR GAMES: WHAT DO DICTATORS BELIEVE OTHER DICTATORS DO?
Pedro Rey-Biel, Universitat Autònoma de Barcelona
Co-Author: Nagore Iriberri, Universitat Pompeu Fabra

 
  PREFERENCES OVER CONSUMPTION AND STATUS
Alexander Vostroknutov, Maastricht University

 
  GOAL BRACKETING
Julia Nafziger, Aarhus University
Co-Author: Alexander K Koch, Aarhus University
 

15:30 - 17:30 APPLIED INDUSTRIAL ORGANIZATION III (ESEM TAE)
Chairperson: Markus Reisinger, University of Munich
Room

  OWNERSHIP AND CONTROL IN DIffERENTIATED PRODUCT MARKETS
Tobias Klein, Tilburg University
Co-Authors: Heiko Karle, University of Mannheim and Konrad Stahl, Mannheim

 
  PATENT SETTLEMENTS AS A BARRIER TO ENTRY
Konstantinos Serfes, Drexel University

 
  SEMI-PUBLIC CONTESTS
Jens Prüfer, Tilburg University
 

15:30 - 17:30 BUSINESS CYCLES IV (ESEM TAE)
Chairperson: Randal Verbrugge, Bureau of Labor Statistics
Room

  THE CROSS-SECTION OF FIRMS OVER THE BUSINESS CYCLE: NEW FACTS AND A DSGE EXPLORATION
Christian Bayer, IGIER, Universitá Bocconi and Universität Bonn
Co-Author: Ruediger Bachmann, University of Michigan

 
  THE CYCLICALITY OF THE USER COST OF LABOR WITH SEARCH AND MATCHING
Marianna Kudlyak, The Federal Reserve Bank of Richmond

 
  THE QUANTITATIVE IMPORTANCE OF NEWS SHOCKS IN ESTIMATED DSGE MODELS
John Tsoukalas, University of Nottingham
Co-Author: Hashmat Khan, Carleton University

 
  THE DYNAMICS OF USER COSTS AND RENTS
Randal Verbrugge, Bureau of Labor Statistics
Co-Authors: Maria Luengo-Prado, Northeastern University, Kamila Sommer, Georgetown University and Paul Sullivan, Bureau of Labor Statistics
 

15:30 - 17:30 INTERNATIONAL TRADE III (ESEM TAE)
Chairperson: Gregory Corcos, NHH - Norwegian School of Economics
Room

  LEARNING ACROSS EXPORT MARKETS
Hector Calvo Pardo, University of Southampton
Co-Authors: Facundo Albornoz, University of Birmingham, Gregory Corcos, NHH - Norwegian School of Economics and Emanuel Ornelas, London School of Economics

 
  LEARNING AND THE DYNAMICS OF EXPORTING: THEORY AND EVIDENCE FROM FRENCH FIRMS
Harald Fadinger, Department of Economics, University of Vienna
Co-Authors: Romain Aeberhardt, Crest-Insee and Ines Buono, Banca d'Italia

 
  PROTECTION AND INTERNATIONAL SOURCING
John Turner, University of Georgia
Co-Author: Emanuel Ornelas, London School of Economics

 
  THE DETERMINANTS OF INTRA-FIRM TRADE
Gregory Corcos, NHH - Norwegian School of Economics
Co-Authors: Delphine Irac, Banque de france, Giordano Mion, LSE and Thierry Verdier, Paris-Jourdan Sciences Economiques
 

15:30 - 17:30 APPLIED MACROECONOMICS (ESEM TAE)
Chairperson: Jose Dorich, Bank of Canada
Room

  EFFECTS OF MONETARY UNIONS ON INCOME INEQUALITY
Devrim Ikizler, University of Texas at Austin
Co-Author: Timur Hulagu, University of Texas at Austin

 
  MONEY AND ASSET PRICES WITH UNINSURABLE RISKS
Nicolas Jacquet, Singapore Management University
Co-Author: Serene Tan, National University of Singapore

 
  COMPETING FIAT CURRENCIES AND BANKING
Mariana Rojas Breu, EconomiX, Université Paris Ouest & Universität Basel

 
  TESTING FOR RULE OF THUMB PRICE-SETTING
Jose Dorich, Bank of Canada
 

15:30 - 17:30 PUBLIC ECONOMICS (ESEM TAE)
Chairperson: Juan D. Moreno-Ternero, Universidad de Málaga and CORE, Université catholique de Louvain
Room

  CENTRALIZED AND DECENTRALIZED PROVISION OF PUBLIC GOODS
Klaas Staal, University of Bonn, IIW
Co-Author: Janos Feidler, University of Bonn

 
  GOVERNMENT ORGANIZATION AND PUBLIC GOODS PROVISION
Pierre Boyer, Toulouse School of Economics (GREMAQ) and EHESS

 
  GOOD NEWS IS BAD NEWS BUT MORE NEWS IS GOOD. A STUDY OF AID VOLATILITY, ASYMMETRIC INFORMATION AND RENT EXTRACTION
Julia Cage, Harvard University

 
  THE POLITICAL ECONOMY OF HEALTH CARE FINANCE
Juan D. Moreno-Ternero, Universidad de Málaga and CORE, Université catholique de Louvain
Co-Author: John Roemer, Yale University
 

15:30 - 17:30 CONTRIBUTED SESSIONS 7
ESEM: Econometrics and Empirical Economics



15:30 - 17:30
CONTRIBUTED SESSIONS ECONOMETRICS 7 (ESEM EEE)

EVALUATION OF PROGRAMS FOR THE UNEMPLOYED (ESEM EEE)
Chairperson: Marc Ferracci, University of Marne-la-Vallée and CREST-INSEE
Room

  EVALUATION OF A FRENCH EMPLOYMENT PROGRAM : THE IMPORTANCE OF CORRECTING MISCLASSIFICATION IN A DYNAMIC NON-LINEAR MODEL
Philippe Zamora, CREST
Co-Author: Muriel Roger, Paris School of Economics (INRA), INSEE

 
  VOUCHERS AND CASEWORKERS IN PUBLIC TRAINING PROGRAMS: EVIDENCE FROM THE HARTZ REFORM IN GERMANY
Ulf Rinne, IZA
Co-Authors: Arne Uhlendorff, IZA and Zhong Zhao, Renmin University of China

 
  MATCHING OR DURATION MODELS? A MONTE CARLO STUDY
Arne Uhlendorff, IZA
Co-Authors: Marco Caliendo, IZA and Gerard J. van den Berg, VU University Amsterdam

 
  WHAT ARE THE EQUILIBRIUM EFFECTS OF TRAINING POLICIES FOR THE UNEMPLOYED ?
Marc Ferracci, University of Marne-la-Vallée and CREST-INSEE
Co-Author: Julien Guitard, PARIS-I CES, CREST-INSEE
 

15:30 - 17:30 ECONOMICS OF THE FAMILY (ESEM EEE)
Chairperson: Valérie Lechene, UCL
Room

  INTRA-HOUSEHOLD EFFECTS ON DEMAND FOR TELEPHONE SERVICE: EMPIRICAL EVIDENCE
Ching-I Huang, National Taiwan University

 
  HOW DO PARENTS ALLOCATE TIME: THE EFFECTS OF WAGES AND INCOME
Hans Bloemen, Free University
Co-Author: Elena Stancanelli, CNRS, THEMA, Universite Cergy Pontoise

 
  WELFARE-TO-WORK REFORM AND INTERGENERATIONAL RESOURCE ALLOCATION: A LOOK AT ELDERLY WOMEN'S BEHAVIOUR
Christine Ho, University College London

 
  DISTRIBUTIONAL EFFECTS IN HOUSEHOLD MODELS: SEPARATE SPHERES AND INCOME POOLING
Valérie Lechene, UCL
Co-Authors: Martin Browning, Oxford and Pierre-André Chiappori, Columbia
 

15:30 - 17:30 HOUSING PRICES (ESEM EEE)
Chairperson: Anne Laferrère, CREST, INSEE
Room

  LIQUIDITY RISK AND HOUSING PRICE DYNAMICS
Stéphane Gregoir, EDHEC Business School
Co-Author: Tristan-Pierre Maury, EDHEC Business School

 
  MONETARY POLICY TRANSMISSION AND HOUSE PRICES: EUROPEAN CROSS COUNTRY EVIDENCE
Oliver Hülsewig, Ifo Institute Muncih
Co-Authors: Kai Carstensen, Ifo Institute Munich and Timo Wollmershäuser, Ifo Institute for Economic Research

 
  THE EFFECT OF CAPITAL GAINS TAXATION ON HOME SALES: EVIDENCE FROM THE TAXPAYER RELIEF ACT OF 1997
Hui Shan, Federal Reserve Board of Governors

 
  THE RICHER THE MORE MOBILE, EXCEPT FOR PARISIAN PUBLIC HOUSING TENANTS
Anne Laferrère, CREST, INSEE
 

15:30 - 17:30 CORPORATE GOVERNANCE AND FINANCE (ESEM EEE)
Chairperson: Harald Dale-Olsen, Institute for Social Research
Room

  ENTERPRISE DYNAMICS AND FINANCE: DISTINGUISHING MECHANISM DESIGN FROM EXOGENOUSLY INCOMPLETE MARKETS MODELS
Alexander Karaivanov, Simon Fraser University
Co-Author: Robert Townsend, MIT

 
  HOW DO EXCHANGE RATE REGIMES AFFECT FIRMS’ INCENTIVES TO HEDGE CURRENCY RISK IN EMERGING MARKETS?
Herman Kamil, International Monetary Fund

 
  IS FAMILY-OWNERSHIP DETRIMENTAL TO WORKPLACES?
Harald Dale-Olsen, Institute for Social Research
Co-Authors: Erling Barth, University of Oslo and Alex Bryson, National Institute of Economic and Social Research
 

15:30 - 17:30 ESTIMATION OF MARKET MODELS (ESEM EEE)
Chairperson: Angelo Mele, University of Illinois at Urbana-Champaign
Room

  PURE EQUILIBRIUM STRATEGIES IN MULTI-UNIT AUCTIONS WITH PRIVATE VALUE BIDDERS
Michal Bresky, CERGE-EI

 
  PARTICIPATION SCREEN FOR COLLUSION IN AUCTIONS
Janne Tukiainen, HECER and VATT

 
  MODEL ADEQUACY CHECKS FOR DISCRETE CHOICE DYNAMIC MODELS
Igor Kheifets, Universidad Carlos III de Madrid
Co-Author: Carlos Velasco, UC3Madrid

 
  SEGREGATION IN SOCIAL NETWORKS: A STRUCTURAL APPROACH
Angelo Mele, University of Illinois at Urbana-Champaign
 

15:30 - 17:30 DYNAMIC PANEL DATA (ESEM EEE)
Chairperson: Sophie Béreau, EconomiX, University of Paris West
Room

  MEASUREMENT ERRORS IN DYNAMIC PANEL DATA ANALYSIS: A SYNTHESIS ON MODELLING AND GMM ESTIMATION
Erik Biorn, University of Oslo

 
  GMM-BASED INFERENCE IN THE AR(1) PANEL DATA MODEL FOR PARAMETER VALUES WHERE LOCAL IDENTIFICATION FAILS
Edith Madsen, Department of Economics, University of Copenhagen

 
  LIKELIHOOD RATIO TESTS FOR UNIT ROOTS IN PANELS WITH RANDOM EFFECTS
Rolf Larsson, Uppsala University
Co-Author: Johan Lyhagen, Uppsala University

 
  NONLINEAR ADJUSTMENT OF THE REAL EXCHANGE RATE: A PANEL SMOOTH TRANSITION ERROR CORRECTION MODELLING
Sophie Béreau, EconomiX, University of Paris West
Co-Authors: Antonia Lopez Villavicencio, CEPN, University of Paris North and Valérie Mignon, EconomiX, University of Paris West
 

15:30 - 17:30 LIKELIHOOD EVALUATION (ESEM EEE)
Chairperson: Rene Garcia, Montréal
Room

  TESTING FOR NON-NESTED CONDITIONAL MOMENT RESTRICTIONS USING UNCONDITIONAL EMPIRICAL LIKELIHOOD
Myung Seo, LONDON SCHOOL OF ECONOMICS
Co-Authors: Taisuke Otsu, Yale University and yoon-jae whang, seoul national university

 
  EFFICIENT LIKELIHOOD EVALUATION OF STATE-SPACE REPRESENTATIONS
Guilherme Valle Moura, University of Kiel
Co-Authors: David DeJong, University of Pittsburgh, Department of Economics, Hariharan Dharmarajan, bates white, Roman Liesenfeld, Christian-Albrechts-Universitaet Kiel, Germany and Jean-Francois Richard, University of Pittsburgh, USA

 
  CONFIDENCE SETS BASED ON PENALIZED MAXIMUM LIKELIHOOD ESTIMATORS
Ulrike Schneider, University of Vienna
Co-Author: Benedikt Pötscher, University of Vienna

 
  ASSESSING MISSPECIFIED ASSET PRICING MODELS WITH EMPIRICAL LIKELIHOOD ESTIMATORS
Rene Garcia, Montréal
Co-Author: Caio Almeida, EPGE Fundacao Getulio Vargas
 

15:30 - 17:30 EMPIRICAL FINANCIAL ECONOMETRICS (ESEM EEE)
Chairperson: Qianying Chen, Goethe University Frankfurt
Room

  EMPIRICALLY CONFRONTING STOCHASTIC SINGULARITY: AN APPLICATION TO THE COX, INGERSOLL, AND ROSS MODEL
Kenneth Roskelley, Mississippi State University
Co-Author: Christopher Lamoureux, University of Arizona

 
  STOCHASTIC VOLATILITY AND JUMPS: EXPONENTIALLY AFFINE YES OR NO? AN EMPIRICAL ANALYSIS OF S&P 500 DYNAMICS
Paulo Rodrigues, Goethe University Frankfurt
Co-Authors: Katja Ignatieva, Goethe University Frankfurt and Norman Seeger, Goethe University Frankfurt

 
  STOCK SPAMS: AN EMPIRICAL STUDY ON PENNY STOCK MARKET
Taoufik Bouraoui, Paris 10 University

 
  ON THE EFFECTS OF MONETARY POLICY SHOCKS ON EXCHANGE RATES
Qianying Chen, Goethe University Frankfurt
Co-Authors: Michael Binder, Goethe University Frankfurt and Center for Financial Studies and Xuan Zhang, Goethe University Frankfurt
 

15:30 - 17:30 BOUNDS AND PARTIAL IDENTIFICATION (ESEM EEE)
Chairperson: Frank Kleibergen, Brown University
Room

  NONPARAMETRIC PARTIAL AND POINT IDENTIFICATION OF NET OR DIRECT CAUSAL EFFECTS
Alfonso Flores-Lagunes, University of Florida
Co-Author: Carlos Flores, University of Miami

 
  MEASURING PRECISION OF STATISTICAL INFERENCE ON PARTIALLY IDENTIFIED PARAMETERS
Tetenov Aleksey, Collegio Carlo Alberto

 
  REVEALED PREFERENCES IN A HETEROGENEOUS POPULATION
Joerg Stoye, NYU
Co-Author: Stefan Hoderlein, Mannheim

 
  INFERENCE ON SUBSETS OF PARAMETERS IN GMM WITHOUT ASSUMING IDENTIFICATION
Frank Kleibergen, Brown University
Co-Author: Sophocles Mavroeidis, Brown University
 

15:30 - 17:30 UNIT ROOT TESTING (ESEM EEE)
Chairperson: Yushu Li, EHV, växjö university
Room

  UNIT ROOT TESTING WITH STATIONARY COVARIATES AND A STRUCTURAL BREAK IN THE TREND FUNCTION
Sebastian Fossati, University of Washington

 
  UNIT ROOT TESTS WITH WAVELETS
Ramo Gencay, Simon Fraser University

 
  TESTING FOR UNIT ROOTS IN BOUNDED TIME SERIES
Fang Xu, European University Institute

 
  TESTING FOR UNIT ROOT AGAINST LSTAR MODEL: WAVELET IMPROVEMENT UNDER GARCH DISTORTION
Yushu Li, EHV, växjö university
Co-Author: Shukur Ghazi, EHV, växjö university
 

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