ESWC 2010: Congress Programme

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SATURDAY 21 AUGUST 2010


DAY OVERVIEW
09:00 - 10:45 PAIRED INVITED SESSIONS
11:15 - 12:45 CONTRIBUTED SESSIONS
14:15 - 16:15 CONTRIBUTED SESSIONS
16:45 - 18:15 PLENARY SESSION


09:00 - 10:45 PAIRED INVITED SESSIONS



09:00 - 10:45 FOUNDATIONS
Chairperson: Stephen Morris, Princeton University
Discussant: Wojciech Olszewski, Northwestern University
Room Yellow River Hall

  STRATEGIES AND INTERACTIVE BELIEFS IN DYNAMIC GAMES
Pierpaolo Battigalli, Bocconi University and Dov Samet, Tel Aviv University

 
  CALIBRATION: RESPICE, ADSPICE, PROSPICE
Dean Foster, University of Pennsylvania and Rakesh Vohra, Northwestern University
 

09:00 - 10:45 GROWTH
Chairperson: Philippe Aghion, Harvard University
Discussant: Antonio Ciccone, Universitat Pompeu Fabra
Room Auditorium

  DIRECTED TECHNOLOGY ADOPTION AND PRODUCTIVITY DIFFERENCES
Fabrizio Zilibotti, University of Zurich
Co-Authors: Gino Gancia, CREI and Andreas Mueller, IIES, Stockholm University

 
  MISALLOCATION AND INPUT-OUTPUT ECONOMICS
Chad Jones, Stanford GSB
 

09:00 - 10:45 TIME SERIES AND PANELS
Chairperson: James Stock, Harvard University
Discussant: Michael Jansson, UC Berkeley
Room Century Hall

  PANEL DATA MODELS AND FACTOR ANALYSIS
Jushan Bai, Columbia University

 
  SEMIPARAMETRIC TIME SERIES: A SELECTIVE SURVEY
Xiaohong Chen, Yale University
Co-Author: Oliver Linton, London School of Economics
 

11:15 - 12:45 CONTRIBUTED SESSIONS



11:15 - 12:45 COMPUTATION IN DYNAMIC GAMES (COM)
Chairperson: Karl Schmedders, Northwestern University
Room 3G

  UNIQUENESS OF OBLIVIOUS EQUILIBRIUM IN DYNAMIC DISCRETE GAMES
Joao Macieira, Virginia Tech

 
  SIMPLE MARKOV-PERFECT INDUSTRY DYNAMICS
Nan Yang, VU University Amsterdam & Tinbergen Institute
Co-Authors: Jaap Abbring, CentER, Department of Econometrics & OR, Tilburg University and Jeffrey Campbell, Federal Reserve Bank of Chicago and NBER

 
  FINDING ALL PURE STRATEGY EQUILIBRIA IN DYNAMIC AND STATIC GAMES WITH CONTINUOUS STRATEGIES
Karl Schmedders, Northwestern University
Co-Authors: Ken Judd, Stanford University and Philipp Renner, University of Zurich
 


11:15 - 12:45 PRINCIPLE-AGENT MODELS III - ALTERNATIVE PERSPECTIVES (THY)
Chairperson: Hector Chade, Arizona State University
Room Century Hall

  ECONOMIC JURY RECRUITMENT AND MANAGEMENT
Daniel McFadden, University of California, Berkeley

 
  CONTRACTIBLE CONTRACTS IN COMMON AGENCY PROBLEMS
Bal�zs Szentes, University College London

 
  MORAL HAZARD WITH UNOBSERVABLE CONSUMPTION
Hector Chade, Arizona State University
 

11:15 - 12:45 MECHANISM DESIGN V (THY)
Chairperson: Dan Cao, Massachusetts Institute of Technology
Room 3A

  OPTIMAL DYNAMIC AUCTIONS FOR DURABLE GOODS:
Simon Board, UCLA
Co-Author: Andy Skrzypacz, Stanford University

 
  SECOND-HAND MARKET AND RATIONING IN DURABLE GOODS MONOPOLY
Ting Liu, Michigan State University
Co-Author: Pasquale Schiraldi, London School of Economics and Political Science

 
  RACING: WHEN SHOULD WE HANDICAP THE ADVANTAGED COMPETITOR?
Dan Cao, Massachusetts Institute of Technology
 

11:15 - 12:45 MATCHING AND MARKETS II (THY)
Chairperson: Helmut Bester, Free University Berlin
Room 3C

  ASSORTATIVE MATCHING THROUGH SIGNALS
Friedrich Poeschel, University of Rome "Tor Vergata" and University of Oxford

 
  MITIGATING INSPECTION AND SHOW COSTS WITH INTERMEDIARIES IN FRICTIONAL MATCHING MARKETS
Xianwen Shi, University of Toronto
Co-Author: Aloysius Siow, University of Toronto

 
  INVESTMENTS AND THE HOLDUP PROBLEM IN A MATCHING MARKET
Helmut Bester, Free University Berlin
 

11:15 - 12:45 REPEATED GAMES II (THY)
Chairperson: Julio Gonzalez-Diaz, University of Santiago de Compostela
Room 3D

  FOLK THEOREM IN A TWO-PLAYER PRISONERS' DILEMMA
Takuo Sugaya, Princeton University

 
  RECURSIVE METHODS IN DISCOUNTED STOCHASTIC GAMES: AN ALGORITHM FOR Δ → 1 AND A FOLK THEOREM
Johannes H�rner, Yale University
Co-Authors: Takuo Sugaya, Princeton University, Satoru Takahashi, Princeton University and Nicolas Vieille, HEC Paris

 
  REPEATED ANONYMOUS RANDOM MATCHING GAMES: COMMUNITY ENFORCEMENT BEYOND THE PRISONER'S DILEMMA
Julio Gonzalez-Diaz, University of Santiago de Compostela
Co-Author: Joyee Deb, New York University
 


11:15 - 12:45 EXPERIMENTS ON LEARNING AND SIGNALING IN GAMES (EXP)
Chairperson: Zacharias Maniadis, Bocconi University
Room 3E

  LEARNING IN NETWORK GAMES
Jaromir Kovarik, University of the Basque Country
Co-Author: Friederike Mengel, Maastricht University

 
  EXPERIMENTS ON EMERGENCE OF LEADERSHIP IN TEAMS
Hideo Suehiro, Kobe University
Co-Authors: Koji Abe, Kobe University and Hajime Kobayashi, Osaka Prefecture University

 
  AGGREGATE INFORMATION AND THE CENTIPEDE GAME: A THEORETICAL AND EXPERIMENTAL STUDY
Zacharias Maniadis, Bocconi University
 

11:15 - 12:45 EXPERIMENTS ON STRATEGIC SOPHISTICATION IN GAMES (EXP)
Chairperson: Nicolaas Vriend, Queen Mary, University of London
Room 3I

  A WINDOW OF COGNITION: EYETRACKING THE REASONING PROCESS IN SPATIAL BEAUTY CONTEST GAMES
Joseph Tao-yi Wang, National Taiwan University
Co-Authors: Chun-Ting Chen, National Taiwan University and Chen-Ying Huang, National Taiwan University

 
  ON THE PERSISTENCE OF STRATEGIC SOPHISTICATION
Sotiris Georganas, Royal Holloway - U of London
Co-Authors: Paul J Healy, OSU and Roberto Weber, Carnegie Mellon Uiversity

 
  ON THE ROLE OF NON-EQUILIBRIUM FOCAL POINTS AS COORDINATION DEVICES
Nicolaas Vriend, Queen Mary, University of London
Co-Author: Antoni Bosch-Dom�nech, Universitat Pompeu Fabra
 


11:15 - 12:45 VOLATILITY III (FIN)
Chairperson: Nour Meddahi, Toulouse School of Economics
Room 5A

  LONG-RUN CROSS-SECTIONAL RETURNS AND MARKET VARIANCE
Benoit Perron, Universite de Montreal
Co-Author: Federico Bandi, Johns Hopkins University

 
  SKEWNESS MEASURES AND IMPLIED VOLATILITY SKEW
Jos� Fajardo, Getulio Vargas Foundation
Co-Author: Ernesto Mordecki, Universidad de la Republica del Uruguay

 
  THE ECONOMIC VALUE OF REALIZED VOLATILITY
Nour Meddahi, Toulouse School of Economics
Co-Authors: Peter Christoffersen, McGill University, Bruno Feunou, Duke University and Kris Jacobs, McGill University
 

11:15 - 12:45 ASSET PRICING VI (FIN)
Chairperson: Pablo Beker, University of Warwick
Room 5B

  FEAR OF DEFAULT AND VOLATILITY IN A DYNAMIC FINANCIAL-MARKET EQUILIBRIUM
Emilio Osambela, Tepper School of Business, Carnegie Mellon University

 
  THE PUZZLING INVENTORY GROWTH RISK PREMIUM
Xiaoji Lin, London School of Economics and Political Science
Co-Author: Frederico Belo, University of Minnesota

 
  A GENERAL EQUILIBRIUM EXPLANATION FOR FINANCIAL MARKETS ANOMALIES: BELIEF HETEROGENEITY UNDER LIMITED ENFORCEABILITY
Pablo Beker, University of Warwick
Co-Author: Emilio Espino, Universidad Torcuato Di Tella
 


11:15 - 12:45 TWO-SIDED MARKETS II (IND)
Chairperson: Renato Gomes, Northwestern University
Room 3H

  TYING IN TWO-SIDED MARKETS
Ting Li, School of Economics, Fudan University

 
  TWO-SIDED CERTI FICATION: THE MARKET FOR RATING AGENCIES
Erik Fasten, Humboldt University Berlin
Co-Author: Hofmann Dirk, Humboldt University Berlin

 
  MECHANISM DESIGN IN TWO-SIDED MARKETS: AUCTIONING USERS
Renato Gomes, Northwestern University
 


11:15 - 12:45 TRADE AND LABOR MARKETS (INT)
Chairperson: Maria Bas, CEPII and Paris School of Economics (PSE)
Room Yellow River Hall

  REAL WAGES AND NON-TRADED GOODS
Ronald Jones, University of Rochester

 
  TRADE AND UNEMPLOYMENT: WHAT DO THE DATA SAY?
Hans-J�rg Schmerer, University of T�bingen and Hohenheim
Co-Authors: Gabriel Felbermayr, University of Stuttgart-Hohenheim and Julien Prat, IAE-CSIC, Barcelona

 
  WAGE BARGAINING AND THE BOUNDARIES OF THE MULTINATIONAL FIRM
Maria Bas, CEPII and Paris School of Economics (PSE)
Co-Author: Juan Carluccio, Paris School of Economics
 

11:15 - 12:45 TRADE AND ENDOGENOUS TECHNOLOGY (INT)
Chairperson: Ariel Burstein, University of California, Los Angeles
Room 3B

  CULTURE AND DIVERSITY IN KNOWLEDGE CREATION: THE STORY OF THE TOWER OF BABEL REVISITED
Marcus Berliant, Washington University in St. Louis
Co-Author: Masahisa Fujita, Konan University

 
  PATENT BREADTH IN AN INTERNATIONAL SETTING
Ben Zissimos, Vanderbilt University

 
  GLOBALIZATION, TECHNOLOGY, AND THE SKILL PREMIUM
Ariel Burstein, University of California, Los Angeles
Co-Author: Jonathan Vogel, Columbia University and NBER
 


11:15 - 12:45 FERTILITY AND MARRIAGE (LAB)
Chairperson: Katrien Stevens, University of Sydney
Room 5J

  DO COUPLES BARGAIN OVER FERTILITY? NEW EVIDENCE BASED ON CHILD PREFERENCE DATA
Timo Hener, Ifo Institute

 
  THE UNWANTED: NEGATIVE OUTCOMES OVER THE LIFE CYCLE
Wanchuan Lin, Peking University
Co-Author: Juan Pantano, Washington University in St. Louis

 
  THE CAREER COST OF CHILDREN
Katrien Stevens, University of Sydney
Co-Authors: Jerome Adda, European University Institute and Christian Dustmann, University College London
 

11:15 - 12:45 LABOR SUPPLY (LAB)
Chairperson: Eugene Choo, University of Calgary
Room Pearl Hall

  TAXES AND TIME ALLOCATION: EVIDENCE FROM SINGLE WOMEN
Alexander Gelber, Wharton School, University of Pennsylvania, and NBER
Co-Author: Joshua Mitchell, Harvard University

 
  EVALUATING A STRUCTURAL MODEL OF LABOR SUPPLY AND WELFARE PARTICIPATION: EVIDENCE FROM STATE WELFARE REFORM EXPERIMENTS
Eleanor Choi, Princeton University

 
  THE COLLECTIVE MARRIAGE MATCHING MODEL: IDENTIFICATION, ESTIMATION AND TESTING
Eugene Choo, University of Calgary
Co-Authors: Shannon Seitz, Boston College and Aloysius Siow, University of Toronto
 


11:15 - 12:45 LABOR MARKET DYNAMICS (MAX)
Chairperson: Anton Cheremukhin, Federal Reserve Bank of Dallas
Room Gran Melia B1

  OIL PRICE SHOCKS AND LABOR MARKET FLUCTUATIONS
Jose Ignacio Silva, Universitat de Girona
Co-Authors: Javier Ordonez, Jaume I University and Hector Sala, Univesitat Aut�noma de Barcelona

 
  DYNAMIC LABOR DEMAND IN CHINA: PUBLIC AND PRIVATE OBJECTIVES
Russell Cooper, European University Institute
Co-Authors: Guan Gong, Shanghai University Finance and Economics and Ping Yan, CCER, Peking University

 
  LABOR MATCHING MODEL: PUTTING THE PIECES TOGETHER
Anton Cheremukhin, Federal Reserve Bank of Dallas
 

11:15 - 12:45 MACROECONOMETRICS (MAX)
Chairperson: Antonella Tutino, Federal Reserve Board
Room Gran Melia B2

  A STRUCTURAL ESTIMATION FOR THE EFFECTS OF UNCERTAINTY ON CAPITAL ACCUMULATION WITH HETEROGENEOUS FIRMS
Guiying Laura Wu, Nanyang Technological University
Co-Authors: Steve Bond, University of Oxford and Mans Soderbom, University of Gothenburg

 
  FINANCIAL FRICTIONS, AGGREGATION, AND THE LUCAS CRITIQUE
Frank Schorfheide, University of Pennsylvania
Co-Authors: Yongsung Chang, University of Rochester / Yonsei University and Sun-Bin Kim, Yonsei University

 
  THE EMPIRICAL RELEVANCE OF RATIONAL INATTENTION IN CONSUMPTION-SAVINGS DECISIONS: A BAYESIAN APPROACH
Antonella Tutino, Federal Reserve Board
 

11:15 - 12:45 SEARCH AND UNEMPLOYMENT (MAX)
Chairperson: Rigas Oikonomou, LSE
Room Gran Melia B4

  THE CYCLICAL VOLATILITY OF LABOR MARKETS UNDER FRICTIONAL FINANCIAL MARKETS
Etienne Wasmer, Sciences Po, Economics Dept
Co-Author: Nicolas Petrosky-Nadeau, Carnegie Mellon University - Tepper School of Business

 
  HOUSING AND THE LABOR MARKET: TIME TO MOVE AND AGGREGATE UNEMPLOYMENT
Peter Rupert, UCSN
Co-Author: Etienne Wasmer, Sciences Po, Economics Dept

 
  JOINT SEARCH AND AGGREGATE FLUCTUATIONS
Rigas Oikonomou, LSE
Co-Author: Jochen Mankart, University of St. Gallen
 

11:15 - 12:45 LIFE CYCLE STUDIES II (MAX)
Chairperson: Sven Schreiber, IMK, Macroeconomic Policy Institute
Room Gran Melia F1

  EDUCATION AND CRIME OVER THE LIFE CYCLE
Giulio Fella, Queen Mary University of London
Co-Author: Giovanni Gallipoli, University of British Columbia

 
  HOME EQUITY WITHDRAWAL IN RETIREMENT
Makoto Nakajima, Federal Reserve Bank of Philadelphia
Co-Author: Irina Telyukova, University of California, San Diego

 
  HOUSING CONSUMPTION AFTER RETIREMENT: IS THERE A PUZZLE?
Sven Schreiber, IMK, Macroeconomic Policy Institute
Co-Author: Miriam Beblo, Berlin School of Economics and Law
 

11:15 - 12:45 MONETARY POLICY AND ASSET PRICES (MAX)
Chairperson: Markus Hoermann, Tu Dortmund University
Room Gran Melia F2

  FINANCIAL MARKET SEGMENTATION, STOCK MARKET VOLATILITY AND THE ROLE OF MONETARY POLICY
Anastasia Zervou, Texas A&M University

 
  THE LIQUIDITY EFFECTS OF MONETARY POLICY ON ASSET PRICES
Nicolas Jacquet, Singapore Management University
Co-Author: Serene Tan, National University of Singapore

 
  MACROECONOMIC EFFECTS OF QUANTITATIVE EASING
Markus Hoermann, Tu Dortmund University
Co-Author: Andreas Schabert, TU Dortmund University
 


11:15 - 12:45 TAXATION II (PUB)
Chairperson: Mitsunobu Miyake, Tohoku University
Room 3J

  CAPITAL DEPRECIATION ALLOWANCES AND REDISTRIBUTION IN A NEOCLASSICAL GROWTH MODEL
G�nther Rehme, TU Darmstadt

 
  TAXABLE INCOME WITH NONLINEAR BUDGET SETS
Anil Kumar, Federal Rserve Bank of Dallas
Co-Authors: S�ren Blomquist, Uppsala University and Uppsala Center for Fiscal Studies, Che-Yuan Liang, and Whitney Newey, MIT

 
  AXIOMATIC CHARACTERIZATION OF AGGREGATE CONSUMER SURPLUS MEASURES FOR NON-MARKET GOODS
Mitsunobu Miyake, Tohoku University
 


11:15 - 12:45 VOTING THEORY (POL)
Chairperson: Sunanda Roy, Iowa State University
Room Gran Melia F5

  THE SWING VOTERS' BLESSING
Jan Klingelhoefer, Institute for International Economic Studies

 
  EQUILIBRIUM REFINEMENT IN DYNAMIC VOTING GAMES
Georgy Egorov, Kellogg School of Management
Co-Authors: Daron Acemoglu, MIT and Konstantin Sonin, New Economic School, Moscow

 
  ON REDUCING THE INFLUENCE OF CONDORCET CYCLES FROM PAIR-WISE ELECTIONS DATA
Sunanda Roy, Iowa State University
Co-Author: Abhijit Chandra, Iowa State University
 


11:15 - 12:45 INSTITUTIONS AND DEVELOPMENT II (DEV)
Chairperson: ANANDI MANI, University of Warwick
Room Gran Melia B3

  TRADE OPENNESS, INSTITUTIONAL CHANGE AND ECONOMIC GROWTH
Antonio Navas, Universidad Autonoma de Madrid

 
  INSTITUTIONAL AND FINANCIAL MARKET DEVELOPMENT OF NATIONS: NEW MEASURES FOR A LARGE PANEL
Georgios Georgiadis, Goethe University Frankfurt
Co-Author: Michael Binder, Goethe University Frankfurt, Chair for International Macroeconomics & Macroeconometrics

 
  TRAVELING AGENTS? POLITICAL CHANGE AND BUREAUCRATIC TURNOVER IN INDIA
ANANDI MANI, University of Warwick
Co-Author: Lakshmi Iyer, Harvard Busines School
 


11:15 - 12:45 NONPARAMETRIC MODELS WITH ENDOGENEITY (ECO)
Chairperson: Joel Horowitz, Northwestern University
Room Yangtze Hall

  ESTIMATION OF NONPARAMETRIC MODELS WITH SIMULTANEITY
Rosa Matzkin, University of California, Los Angeles

 
  NON PARAMETRIC ESTIMATION OF SEMIPARAMETRIC TRANSFORMATION MODELS
Senay Sokullu, Toulouse School of Economics
Co-Author: Jean-Pierre Florens, Toulouse School of Economics

 
  EMPIRICAL SELECTION OF THE REGULARIZATION PARAMETER IN NONPARAMETRIC INSTRUMENTAL VARIABLES ESTIMATION
Joel Horowitz, Northwestern University
 

11:15 - 12:45 STOCHASTIC FRONTIER MODELS (ECO)
Chairperson: Robin Sickles, Rice University
Room 5C

  NONPARAMETRIC STOCHASTIC FRONTIER ESTIMATION VIA PROFILE LIKELIHOOD
Carlos Martins-Filho, University of Colorado
Co-Author: Feng Yao, West Virginia University

 
  A STOCHASTIC FRONTIER MODEL WITH STRUCTURAL BREAKS IN EFFICIECY AND TECHNOLOGY
Guangjie Li, Cardiff Business School

 
  BOUNDED STOCHASTIC FRONTIERS WITH AN APPLICATION TO THE US BANKING INDUSTRY: 1984-2009
Robin Sickles, Rice University
Co-Authors: Pavlos Almanidis, Rice University and Junhui Qian, School of Economics \ Shanghai Jiao Tong University
 

11:15 - 12:45 STRUCTURAL ESTIMATION II (ECO)
Chairperson: Amil Petrin, University of Minnesota, Twin Cities
Room 5D

  FIRMS' HUMAN CAPITAL, R\&D AND INNOVATION: A STUDY ON FRENCH FIRMS
Di�go Legros, Universit� de Bourgogne, Laboratoire d''Economie et de Gestion
Co-Author: Emilie-Pauline Galli�, Institut pour le Management de la Recherche et de l'Innovation

 
  A STRUCTURAL MODEL OF STRIKE DURATIONS
Sadat Reza, York University
Co-Author: Paul Rilstone, York University

 
  THE INTERACTION OF OBSERVED AND UNOBSERVED FACTORS IN NON-LINEAR DEMAND MODELS
Amil Petrin, University of Minnesota, Twin Cities
Co-Author: Kyoo il Kim, University of Minnesota
 

11:15 - 12:45 QUANTILES II (ECO)
Chairperson: Sungjae Jun, Pennsylvania State University
Room 5E

  PARTIAL LINEAR QUANTILE REGRESSION AND BOOTSTRAP CONFIDENCE BANDS
Song Song, Humboldt University zu Berlin

 
  COUNTERFACTUAL DECOMPOSITION OF CHANGES IN WAGE DISTRIBUTIONS VIA QUANTILE REGRESSION WITH ENDOGENOUS REGRESSORS
Elena Martinez Sanchis, University of Alicante
Co-Authors: Ilker Kandemir, University College London and Juan Mora, University of Alicante

 
  CUBE-ROOT-N AND FASTER CONVERGENCE, LAPLACE ESTIMATORS, AND UNIFORM INFERENCE
Sungjae Jun, Pennsylvania State University
Co-Authors: Joris Pinkse, Pennsylvania State University and Yuanyuan Wan,
 

11:15 - 12:45 ESTIMATION OF DIFFUSIONS (ECO)
Chairperson: Seungmoon Choi, University of Adelaide
Room 5F

  ESTIMATING SEMI-PARAMETRIC DIFFUSION MODELS WITH UNRESTRICTED VOLATILITY VIA INFINITESIMAL OPERATOR BASED CHARACTERIZATION
Zhaogang Song, Cornell University

 
  TESTING NONSTATIONARY DIFFUSIONS: AN INFINITESIMAL GENERATOR APPROACH.
Bin Wang, Indiana University

 
  CLOSED-FORM LIKELIHOOD EXPANSIONS FOR MULTIVARIATE TIME-INHOMOGENEOUS DIFFUSIONS
Seungmoon Choi, University of Adelaide
 

11:15 - 12:45 NONLINEAR PANEL DATA MODELS (ECO)
Chairperson: St�phane Bonhomme, CEMFI
Room 5H

  IDENTIFICATION AND ESTIMATION OF A NONPARAMETRIC PANEL DATA MODEL WITH UNOBSERVED HETEROGENEITY
Evdokimov Kirill, Yale University

 
  IDENTI CATION AND ESTIMATION OF NONLINEAR DYNAMIC PANEL DATA MODELS WITH UNOBSERVED COVARIATES
Ji-Liang Shiu, National Chung-Cheng University
Co-Author: Yingyao Hu, Johns Hopkins University

 
  FUNCTIONAL DIFFERENCING
St�phane Bonhomme, CEMFI
 

11:15 - 12:45 REGIME SWITCHING (ECO)
Chairperson: Thanasis Stengos, University of Guelph
Room 5I

  IDENTIFICATION AND ESTIMATION IN AN INCOHERENT MODEL OF CONTAGION
Daniele Massacci, University of Surrey

 
  MODIFIED LIKELIHOOD RATIO TEST FOR REGIME SWITCHING
Katsumi Shimotsu, Hitotsubashi University
Co-Authors: Hiroyuki Kasahara, University of British Columbia and Tatsuyoshi Okimoto, Hitotsubashi University

 
  STRUCTURAL THRESHOLD REGRESSION
Thanasis Stengos, University of Guelph
Co-Authors: Andros Kourtellos, University of Cyprus and Chih Ming Tan, Tufts University
 

14:15 - 16:15 CONTRIBUTED SESSIONS



14:15 - 16:15 FOUNDATIONS: ROBUSTNESS (THY)
Chairperson: Olivier Tercieux, Paris School of Economics
Room Gran Melia B1

  STRATEGIC DISCONTINUITY IN SIMPLE AND COMPLICATED GAMES
Siyang Xiong, Rice University
Co-Author: Yi-Chun Chen, National University of Singapore

 
  STRATEGIC DISTINGUISHABILITY AND INTERDEPENDENT PREFERENCES
Stephen Morris, Princeton University
Co-Authors: Dirk Bergemann, Yale University and Satoru Takahashi, Princeton University

 
  A STRUCTURE THEOREM FOR RATIONALIZABILITY IN DYNAMIC GAMES
Yi-Chun Chen, National University of Singapore

 
  SUBGAME PERFECT IMPLEMENTATION UNDER VALUE PERTURBATIONS AND THE HOLD-UP PROBLEM
Olivier Tercieux, Paris School of Economics
Co-Authors: Philippe Aghion, Harvard University, Drew Fudenberg, Harvard University, Richard Holden, Chicago, Booth School of Buisness and Takashi Kunimoto, McGuill University
 

14:15 - 16:15 PSYCHOLOGY AND IO (THY)
Chairperson: Juan Dubra, Universidad de Montevideo
Room Gran Melia B2

  PRICE COMPETITION UNDER LIMITED COMPARABILITY
Ran Spiegler, Tel Aviv University
Co-Author: Michele Piccione, London School of Economics

 
  CONSUMER LOSS AVERSION AND COMPETITION IN DIFFERENTIATED PRODUCT MARKETS
Heiko Karle, ECARES, ULB
Co-Author: Martin Peitz, University of Mannheim

 
  RECRUITING NOW OR EARLIER? MORAL HAZARD MODEL WITH A TIME-INCONSISTENT AGENT
Jianye Yan, Toulouse School of Economics

 
  APPARENT OVERCONFIDENCE
Juan Dubra, Universidad de Montevideo
Co-Author: Jean-Pierre Benoit, London Business School
 

14:15 - 16:15 NETWORKS AND SOCIAL GROUPS (THY)
Chairperson: Xu Tan, Department of Economics, Stanford University
Room Gran Melia B3

  A FIELD STUDY ON MATCHING WITH NETWORK EXTERNALITIES
Leeat Yariv, California Institute of Technology
Co-Authors: Mariagiovanna Baccara, New York University, Ayse Imrohoroglu, University of Southern California and Alistair Wilson, New York University

 
  HOMOPHILY AND SEARCH
Sergio Currarini, Universit� Di Venezia
Co-Author: Fernando Vega Redondo, European University Insitute

 
  STRATEGIC RANDOM NETWORKS: WHY SOCIAL NETWORKING TECHNOLOGY MATTERS
Yair Livne, Stanford GSB
Co-Author: Benjamin Golub, Stanford University

 
  SOCIAL CAPITAL AND SOCIAL QUILTS: NETWORK PATTERNS OF FAVOR EXCHANGE
Xu Tan, Department of Economics, Stanford University
Co-Authors: Matthew Jackson, Stanford University and Tomas Rodriguez-Barraquer, Stanford University
 

14:15 - 16:15 REPUTATION (THY)
Chairperson: Takako Fujiwara-Greve, Keio University
Room Gran Melia B4

  REPUTATION FOR QUALITY
Moritz Meyer-ter-Vehn, UCLA

 
  MULTIPLE OPPONENTS AND THE LIMITS OF REPUTATION
Sambuddha Ghosh, Boston University

 
  REPUTATION AND COMPETITION FOR INFORMATION INTERMEDIARIES
Pei-yu Lo, The University of Hong Kong

 
  ASYMMETRY OF REPUTATION LOSS AND RECOVERY UNDER ENDOGENOUS RELATIONSHIPS: THEORY AND EVIDENCE
Takako Fujiwara-Greve, Keio University
Co-Authors: Henrich Greve, INSEAD and Stefan Jonsson, Uppsala University
 


14:15 - 16:15 EXPERIMENTS ON ALTRUISM AND FAIRNESS (EXP)
Chairperson: David Malueg, University of California, Riverside
Room Gran Melia F1

  SHIFTING THE BLAME: ON DELEGATION AND RESPONSIBILITY
Bjorn Bartling, University of Zurich
Co-Author: Urs Fischbacher, Universtity of Konstanz

 
  EXPERIMENTS IN GROUP IDENTITY AND COALITION FORMATION
James Tremewan, Toulouse School of Economics

 
  RECIPROCITY IN RECESSIONS
Sebastian Strasser, University of Munich
Co-Author: Martin Kocher, University of Munich

 
  INCREASING FUNDRAISING SUCCESS BY DECREASING DONOR CHOICE
David Malueg, University of California, Riverside
Co-Author: Stefano Barbieri, Tulane University
 


14:15 - 16:15 BANKING (FIN)
Chairperson: Andrei Simonov, Michigan State University
Room 5A

  KNIGHTIAN UNCERTAINTY AND INTERBANK LENDING
Matt Pritskere, The Federal Reserve Board

 
  INTERSTATE BANKING DEREGULATION AND BANK LOAN COMMITMENTS
Ki Young Park, Yonsei University

 
  BANK RISK-TAKING, SECURITIZATION, SUPERVISION, AND LOW INTEREST RATES: EVIDENCE FROM LENDING STANDARDS
Angela Maddaloni, European Central Bank
Co-Author: Jos�-Luis Peydr�, European Central Bank

 
  ON THE REAL EFFECTS OF BANK BAILOUTS: MICRO-EVIDENCE FROM JAPAN
Andrei Simonov, Michigan State University
Co-Author: Mariassunta Giannetti, HHS
 

14:15 - 16:15 PORTFOLIO CHOICE (FIN)
Chairperson: Laurent Calvet, HEC Paris
Room 5B

  PORTFOLIO OPTIMIZATION AND RANK DEPENDENT EXPECTED UTILITY
Jean-Luc Prigent, ThEMA

 
  THE CROSS-SECTION OF MANAGERIAL ABILITY AND RISK PREFERENCES
Ralph Koijen, University of Chicago

 
  ROBUST ASSET ALLOCATION WITH GENERALIZED PREFERENCES
Michel Verlaine, ICN Business School

 
  TWIN PICKS: DISENTANGLING THE DETERMINANTS OF RISK-TAKING IN HOUSEHOLD PORTFOLIOS
Laurent Calvet, HEC Paris
Co-Author: Paolo Sodini, Stockholm School of Economics
 

14:15 - 16:15 ASSET PRICING VII (FIN)
Chairperson: Malkhozov Aytek, London School of Economics
Room 5C

  INFORMATION AND LIQUIDITY TRADING AT OPTIMAL FREQUENCIES: THEORY AND EVIDENCE
Emiliano Pagnotta, Assistant Prof. Stern NYU

 
  RISK APPETITE AND EXCHANGE RATES
Erkko Etula, Federal Reserve Bank of New York
Co-Authors: Tobias Adrian, Federal Reserve Bank of new York and Hyun Shin, Princeton University

 
  CONSUMPTION AND HEDGING IN OIL-IMPORTING DEVELOPING COUNTRIES
Jaime Casassus, Universidad Catolica de Chile
Co-Author: Felipe Aldunate, Stanford University

 
  ASSET PRICES IN A NEWS DRIVEN REAL BUSINESS CYCLE MODEL
Malkhozov Aytek, London School of Economics
Co-Author: Maral Shamloo, IMF
 


14:15 - 16:15 STATIC MODELS OF COMPETITION: THEORY (IND)
Chairperson: Attar Andrea, University of Tor Vergata and Toulouse School of Economics
Room Gran Melia F2

  HOTELLING COMPETITION WITH MULTI-PURCHASING: TIME MAGAZINE, NEWSWEEK, OR BOTH?
Hans Jarle Kind, Norwegian School of Economics and Business Administration
Co-Authors: Simon P. Anderson, University of Virginia and �ystein Foros, Norwegian School of Economics and Business Administration

 
  PRICE COMPETITION IN THE MARKET FOR LEMONS
Yukio Koriyama, Ecole Polytechnique
Co-Authors: Mark Voorneveld, Stockholm School of Economics and Jorgen Weibull, Stockholm School of Economics

 
  ADVERTISING IN A HOTELLING MODEL WITH MIXTURE DISTRIBUTION
Daniel Zhiyun Li, Oxford University

 
  NON-EXCLUSIVE COMPETITION IN THE MARKET FOR LEMONS
Attar Andrea, University of Tor Vergata and Toulouse School of Economics
 

14:15 - 16:15 STRUCTURAL ECONOMETRIC STUDIES IN IO (IND)
Chairperson: Juan Esteban Carranza, University of Wisconsin and ICESI (Colombia)
Room Gran Melia F3

  ESTIMATING OPTIMAL CONTRACTS UNDER DELEGATED MANAGEMENT IN THE FRENCH WATER SECTOR
Christian Bontemps, Toulouse School of Economics

 
  TESTING MODELS OF CONSUMER SEARCH USING DATA ON WEB BROWSING AND PURCHASING BEHAVIOR
Babur De los Santos, Kelley School of Business, Indiana University
Co-Authors: Ali Horta�su, and Matthijs Wildenbeest, Kelley School of Business, Indiana University

 
  POSITIVELY DEPENDENT PRODUCTIVITY SHOCKS IN TOURNAMENTS: AN EMPIRICAL ANALYSIS OF PRODUCTION CONTRACTS SETTLEMENT DATA
Xiaoyong Zheng, North Carolina State University
Co-Authors: Tong Li, Vanderbilt University and Tomislav Vukina, North Carolina State University

 
  ESTIMATING DYNAMIC MODELS WITH AGGREGATE SHOCKS AND AN APPLICATION TO MORTGAGE DEFAULT IN COLOMBIA
Juan Esteban Carranza, University of Wisconsin and ICESI (Colombia)
Co-Author: Salvador Navarro, University of Wisconsin
 

14:15 - 16:15 VERTICAL RELATIONSHIPS: THEORY AND EVIDENCE (IND)
Chairperson: Ran Jing, University of International Business and Economics
Room Gran Melia F5

  VERTICAL INTEGRATION, FORECLOSURE, AND UPSTREAM COMPETITION
Nicolas Schutz, Paris School of Economics
Co-Authors: Johan Hombert, HEC Paris and Jerome Pouyet, Paris School of Economics

 
  VERTICAL RELATIONS UNDER CREDIT CONSTRAINTS
Volker Nocke, University of Mannheim
Co-Author: John Thanassoulis, University of Oxford

 
  OUTSOURCING WHEN INVESTMENTS ARE SPECIFIC AND INTERRELATED
Johannes Van Biesebroeck, K.U.Leuven
Co-Author: Alla Lileeva, York University

 
  PARTIAL EQUITY STAKES IN VERTICAL SUPPLY CHAINS: EVIDENCE FROM THE JAPANESE AUTO PARTS INDUSTRY
Ran Jing, University of International Business and Economics
 


14:15 - 16:15 EXCHANGE RATES AND PRICES (INT)
Chairperson: Paul Bergin, Univ. California Davis
Room 3A

  ASSESSING THE REAL EXCHANGE RATE MISALIGNMENTS: IS REAL UNDERVALUATION OF THE CURRENCY LIKELY AND CAN IT BE SUSTAINED?
Megumi Kubota, University of York

 
  DO STICKY PRICES INCREASE THE REAL EXCHANGE RATE VOLATILITY?
Takayuki Tsuruga, Kansai University
Co-Authors: Mario Crucini, Vanderbilt University and Mototsugu Shintani, Vanderbilt University

 
  DEMAND IMBALANCES, EXCHANGE RATE MISALIGNMENT AND MONETARY POLICY
Luca Dedola, European Central Bank
Co-Author: Giancarlo Corsetti, European University Institute

 
  THE MICRO-MACRO DISCONNECT OF PURCHASING POWER PARITY
Paul Bergin, Univ. California Davis
 

14:15 - 16:15 TRADE AND COMPETITION (INT)
Chairperson: Kensuke Teshima, CIE-ITAM
Room 3H

  ON PRICE, ENTRY AND MARKET SIZE. A GENERAL MONOPOLISTIC COMPETITION APPROACH
Sergey Kokovin, Novosibirsk State University, Economic dpt., Institute of Mathematics
Co-Authors: Jacques-François Thisse, CORE and Evgeny Zhelobodko, Novosibirsk State University

 
  CAN IMPORT COMPETITION EXPLAIN THE SKILL CONTENT IN THE UNITED STATES?
Travis Ng, The Chinese University of Hong Kong
Co-Author: Yi Lu, The University of Hong Kong

 
  INTERNATIONAL TRADE AND MONOPOLISTIC COMPETITION WITHOUT CES: ESTIMATING TRANSLOG GRAVITY
Dennis Novy, University of Warwick

 
  IMPORT COMPETITION AND INNOVATION AT THE PLANT LEVEL: EVIDENCE FROM MEXICO.
Kensuke Teshima, CIE-ITAM
 


14:15 - 16:15 MIGRATION AND IMMIGRATION (LAB)
Chairperson: Joseph Altonji, Yale University
Room 3B

  IMMIGRATION, WAGES, AND EDUCATION: A GENERAL EQUILIBRIUM DYNAMIC DISCRETE CHOICE STRUCTURAL MODEL
Joan Llull, CEMFI

 
  THE HETEROGENEOUS LABOR MARKET EFFECTS OF IMMIGRATION
Mathis Wagner, Collegio Carlo Alberto

 
  DO FOREIGN EXPERTS INCREASE THE PRODUCTIVITY OF DOMESTIC FIRMS?
Jakob Roland Munch, University of Copenhagen
Co-Authors: Nikolaj Malchow-M�ller, University of Southern Denmark and Jan Rose Skaksen, Copenhagen Business School

 
  THE VALUE OF ENGLISH AT HOME AND ABROAD
Joseph Altonji, Yale University
Co-Author: Mark Rosenzweig, Yale University
 

14:15 - 16:15 DISCRIMINATION AND SEARCH (LAB)
Chairperson: Benoit Schmutz, GREQAM-Paris School of Economics
Room 5I

  DISCRIMINATION, COORDINATION AND UNEMPLOYMENT
Luca P. Merlino, ECARES

 
  DISCRIMINATION IN THE EQUILIBRIUM SEARCH MODEL WITH WAGE-TENURE CONTRACTS
Zheng Fang, Nanyang Technological University
Co-Author: Chris Sakellariou, Nanyang Technological University

 
  DISCRIMINATION AND EMPLOYMENT PROTECTION
Steinar Holden, University of Oslo
Co-Author: �sa Ros�n, Stockholm University (SOFI)

 
  THE NEIGHBOR IS KING: CUSTOMER DISCRIMINATION IN THE HOUSING MARKET
Benoit Schmutz, GREQAM-Paris School of Economics
Co-Authors: Pierre-Philippe Combes, CNRS, Bruno Decreuse, GREQAM and University of Aix-Marseilles and Alain Trannoy, EHESS and GREQAM-IDEP
 

14:15 - 16:15 PROGRAM EVALUATION II (LAB)
Chairperson: Wilbert van der Klaauw, Federal Reserve Bank of New York
Room 5J

  THE EFFECT OF EXPERIENCING A SPELL OF TEMPORARY EMPLOYMENT VS. A SPELL OF UNEMPLOYMENT ON SHORT-TERM LABOUR MARKET OUTCOMES
Ugo Trivellato, University of Padova
Co-Authors: Adriano Paggiaro, University of Padova and Enrico Rettore, University of Padova

 
  EMPLOYMENT EFFECTS OF FLEXIBILITY �AT THE MARGIN� IN ECONOMIC EXPANSION
Alfonso Arellano, FEDEA

 
  CONSCRIPTION AND CRIME: EVIDENCE FROM THE ARGENTINE DRAFT LOTTERY
Ernesto Schargrodsky, Universidad Torcuato Di Tella
Co-Authors: Sebastian Galiani, Washington University in St Louis and Martin Rossi, Universidad de San Andres

 
  ANATOMY OF POLICY REFORM EVALUATION: ANNOUNCEMENT AND IMPLEMENTATION EFFECTS
Wilbert van der Klaauw, Federal Reserve Bank of New York
Co-Authors: Richard Blundell, University College London and Marco Francesconi, University of Essex
 


14:15 - 16:15 INVESTMENT, ASSET PRICING AND AGGREGATE FLUCTUATIONS (MAX)
Chairperson: Tianxi Wang, U of Essex
Room 3D

  CREDIT RISK AND THE MACROECONOMY: EVIDENCE FROM AN ESTIMATED DSGE MODEL
Alberto Ortiz, Oberlin College
Co-Authors: Simon Gilchrist, Boston University and Egon Zakrajsek, Federal Reserve Board

 
  BELIEFS SHOCK AND THE MACROECONOMY
Jacek Suda, Banque de France - Paris School of Economics

 
  THE CYCLICAL BEHAVIOR OF EQUITY TURNOVER
Emilio Espino, Universidad Torcuato Di Tella
Co-Author: David DEJONG, Department of Economics; University of Pittsburgh

 
  THE LEVERAGE OF FINANCIAL INTERMEDIARIES, MARKET FAILURE, AND REGULATION
Tianxi Wang, U of Essex
 

14:15 - 16:15 INFRASTRUCTURE AND INNOVATION (MAX)
Chairperson: V. Brian Viard, Cheung Kong Graduate School of Business
Room 3E

  BROADBAND INFRASTRUCTURE AND ECONOMIC GROWTH
Nina Czernich, ifo Insitute for Economic Research
Co-Authors: Oliver Falck, ifo Institute for Economic Research, Tobias Kretschmer, Institute for Communication Economics - Munich School of Management and Ludger Woessmann, ifo Institute for Economic Research

 
  THE WELFARE COST OF ONE-SIZE-FITS-ALL PATENT PROTECTION
Angus C. Chu, Shanghai University of Finance and Economics

 
  PATENT PROTECTION, TECHNOLOGICAL CHANGE AND WAGE INEQUALITY
Shiyuan Pan, Zhejiang University

 
  THE EFFECT OF CONTENT ON GLOBAL INTERNET ADOPTION
V. Brian Viard, Cheung Kong Graduate School of Business
 

14:15 - 16:15 GROWTH THEORY (MAX)
Chairperson: Yong Wang, City University of Hong Kong
Room 3G

  TIME TO CONSUME, QUALITY, AND GROWTH
Francisco Alcala, Universidad de Murcia

 
  ADOPTION TECHNOLOGY TARGETS AND KNOWLEDGE DYNAMICS: CONSEQUENCES FOR LONG-RUN PROSPECTS
Veronica Mies, P. Universidad Cat�lica de Chile

 
  TRANSITIONAL DYNAMICS IN AN ENDOGENOUS GROWTH MODEL WITH HETEROGENEOUS CONSUMPTION GOODS
Xavier Raurich, Universitat de Barcelona
Co-Authors: Jaime Alonso-Carrera, Universidade de Vigo and Jordi Caballe, Universidad Autonoma de Barcelona

 
  ASYMMETRIC INFORMATION, AUDITING COMMITMENT, AND ECONOMIC GROWTH
Yong Wang, City University of Hong Kong
 


14:15 - 16:15 POLITICAL INSTITUTIONS (POL)
Chairperson: Jia Ruixue, Stockholm University
Room Yellow River Hall

  POLITICAL ACCOUNTABILITY AND REAL AUTHORITY OF GOVERNMENT BUREAUCRACY
Marina Dodlova, EconomiX / University of Paris Ouest Nanterre

 
  THE ECONOMIC ORIGINS OF ISLAM: THEORY AND EVIDENCE
Naghavi Alireza, University of Bologna
Co-Authors: Stelios Michalopoulos, Tufts University and Giovanni Prarolo, University of Bologna

 
  ELITE CAPTURE IN THE ABSENCE OF DEMOCRACY: EVIDENCE FROM BACKGROUNDS OF CHINESE PROVINCIAL LEADERS
Petra Persson, Columbia University
Co-Author: Ekaterina Zhuravskaya, New Economic School

 
  THE LEGACIES OF FORCED FREEDOM
Jia Ruixue, Stockholm University
 


14:15 - 16:15 POVERTY (DEV)
Chairperson: Kumar Aniket, University of Cambridge
Room Century Hall

  ESTIMATION OF POVERTY TRANSITION MATRICES WITH NOISY DATA
Nayoung Lee, Chinese University of Hong Kong
Co-Authors: Geert Ridder, University of Southern California and John Strauss, University of Southern California

 
  DISTRIBUTION DYNAMICS AND COVARIATES: COMBINING TWO APPROACHES IN THE EMPIRICAL GROWTH LITERATURE
Ole Rummel, Bank of England

 
  MICRO RESPONSES TO DISASTER RELIEF AID: LOBBYING, SOCIAL CONNECTIONS, AND AID EFFICACY
Manabu Nose, Brown University, Economics

 
  BEYOND MICROCREDIT: GIVING THE POOR A WAY TO SAVE THEIR WAY OUT OF POVERTY
Kumar Aniket, University of Cambridge
 

14:15 - 16:15 DEVELOPMENT: EMPIRICAL ISSUES II (DEV)
Chairperson: Dan Lu, the University of Chicago
Room 3C

  MIGRATION AND ENTREPRENEURSHIP IN MEXICO
Daniel Yi Xu, New York University
Co-Author: Kevin Thom, New York University

 
  THE IMPACTS OF FACE-TO-FACE AND FREQUENT INTERACTIONS ON INNOVATION: EVIDENCE FROM UPSTREAM-DOWNSTREAM RELATIONS
Tomohiro Machikita, Institute of Developing Economies
Co-Author: Yasushi Ueki, Institute of Developing Economies, Bangkok Research Center, Japan External Trade Organization

 
  IMPACT OF INDUSTRIALIZATION ON RELATIVE FEMALE SURVIVAL: EVIDENCE FROM TRADE POLICIES
Tanika Chakraborty, DIW Berlin

 
  AGGLOMERATION EXTERNALITIES AND INDUSTRY CONCENTRATION DYNAMICS
Dan Lu, the University of Chicago
 


14:15 - 16:15 BOUNDS (ECO)
Chairperson: Andrew Chesher, University College London
Room Yangtze Hall

  CONCAVE-MONOTONE TREATMENT RESPONSE AND MONOTONE TREATMENT SELECTION: WITH AN APPLICATION TO THE RETURNS TO SCHOOLING
Tsunao Okumura, Yokohama National University
Co-Author: Emiko Usui, Nagoya University

 
  IV MODELS OF ORDERED CHOICE
Smolinski Konrad, European University Institute/ CeMMAP
Co-Author: Andrew Chesher, University College London

 
  SHARP IDENTIFICATION REGIONS IN MODELS WITH CONVEX PREDICTIONS: GAMES, INDIVIDUAL CHOICE, AND INCOMPLETE DATA
Arie Beresteanu, Duke University
Co-Authors: Ilya Molchanov, Bern University and Francesca Molinari, Cornell University

 
  SET IDENTIFYING MODELS WITH DISCRETE OUTCOMES AND ENDOGENOUS VARIABLES
Andrew Chesher, University College London
Co-Author: Smolinski Konrad, European University Institute/ CeMMAP
 

14:15 - 16:15 COINTEGRATION (ECO)
Chairperson: Peter Boswijk, University of Amsterdam
Room 5D

  MEASURING CORRELATIONS OF INTEGRATED BUT NOT COINTEGRATED VARIABLES - A SEMIPARAMETRIC APPROACH
Yiguo Sun, University of Guelph
Co-Authors: Cheng Hsiao, University of Southern California and Qi Li, Texas A&M University

 
  CO-INTEGRATION RANK TESTING UNDER CONDITIONAL HETEROSKEDASTICITY
Giuseppe Cavaliere, University of Bologna
Co-Authors: Anders Rahbek, University of Copenhagen and Robert Taylor, University of Nottingham

 
  SUMMABILITY OF STOCHASTIC PROCESSES (A GENERALIZATION OF INTEGRATION AND CO-INTEGRATION VALID FOR NON-LINEAR PROCESSES)
Vanessa Berenguer, U. Carlos III de Madrid
Co-Author: Jesus Gonzalo, U. Carlos III de Madrid

 
  MIXED NORMAL INFERENCE ON MULTICOINTEGRATION
Peter Boswijk, University of Amsterdam
 

14:15 - 16:15 MODEL SELECTION (ECO)
Chairperson: Bruce Hansen, University of Wisconsin
Room 5E

  EFFICIENT SELECTION OF THE ORDER OF AN AR(\INFTY): A UNIFIED APPROACH WITHOUT KNOWING THE ORDER OF INTEGRATEDNESS
CY (Chor-yiu) SIN, National Tsing Hua University, Taiwan
Co-Authors: Ching-Kang ING, Academia Sinica and Shu-Hui YU, National University of Kaohsiung

 
  DATA-DRIVEN MODEL EVALUATION: A TEST FOR REVEALED PERFORMANCE
Christopher Parmeter, Virginia Tech
Co-Author: Jeffrey Racine, McMaster University

 
  ECONOMETRIC MODEL SELECTION IN THE PRESENCE OF NONSTATIONARITY
Jae-Young Kim, Seoul National University

 
  MULTI-STEP FORECAST SELECTION
Bruce Hansen, University of Wisconsin
 

14:15 - 16:15 STATE SPACE AND FACTOR MODELS (ECO)
Chairperson: Peng Wang, Hong Kong University of Science and Technology
Room 5F

  DYNAMIC FACTOR MODELS WITH SMOOTH LOADINGS FOR ANALYZING THE TERM STRUCTURE OF INTEREST RATES
Michel Van der Wel, Erasmus University Rotterdam
Co-Authors: Borus Jungbacker, VU University, Tinbergen Institute and Siem Jan Koopman, VU University, Tinbergen Institute

 
  INFINITE-DIMENSIONAL VARS AND FACTOR MODELS
Alexander Chudik, CIMF and European Central Bank
Co-Author: M. Hashem Pesaran, Cambridge University and USC

 
  FITTING DYNAMIC FACTOR MODELS TO NON-STATIONARY TIME SERIES
Michael Eichler, Maastricht University
Co-Authors: Giovanni Motta, Maastricht University and Rainer von Sachs, Universit� catholique de Louvain

 
  LARGE DIMENSIONAL FACTOR MODELS WITH A MULTI-LEVEL FACTOR STRUCTURE: IDENTI…CATION, ESTIMATION AND INFERENCE
Peng Wang, Hong Kong University of Science and Technology
 

14:15 - 16:15 DURATION MODELS (ECO)
Chairperson: Jaap Abbring, CentER, Department of Econometrics & OR, Tilburg University
Room 5H

  THE LIKELIHOOD OF MIXED HITTING TIMES
Tim Salimans, Tinbergen Institute and Erasmus School of Economics, Rotterdam, The Netherlands
Co-Author: Jaap Abbring, CentER, Department of Econometrics & OR, Tilburg University

 
  AN ALTERNATIVE SEMIPARAMETRIC REGRESSION APPROACH TO NONLINEAR DURATION MODELING: THEORY AND APPLICATION
Pipat Wongsaart, The University of Adelaide
Co-Author: Jiti Gao, The University of Adelaide

 
  IDENTIFIABILITY AND ESTIMATION OF THE SIGN OF A COVARIATE EFFECT IN THE COMPETING RISKS MODEL
Ralf Wilke, University of Nottingham
Co-Author: Simon Lo, Lingnan University

 
  A NOTE ON THE NON-PARAMETRIC IDENTIFICATION OF GENERALIZED ACCELERATED FAILURE-TIME MODELS
Jaap Abbring, CentER, Department of Econometrics & OR, Tilburg University
Co-Author: Geert Ridder, University of Southern California
 

14:15 - 16:15 TREATMENT EFFECT ESTIMATION (ECO)
Chairperson: Ivan Fernandez-Val, Boston University
Room Pearl Hall

  TO CONTROL OR NOT TO CONTROL? BIAS OF SIMPLE MATCHING VS DIFFERENCE-IN-DIFFERENCE MATCHING IN A DYNAMIC FRAMEWORK
Sylvain Chabe-Ferret, CEMAGREF

 
  QUANTILE TREATMENT EFFECTS IN THE REGRESSION DISCONTINUITY DESIGN
Blaise Melly, Brown University
Co-Author: Markus Froelich, Universit�t Mannheim

 
  TREATMENT EVALUATION IN THE PRESENCE OF SAMPLE SELECTION
Martin Huber, University of St. Gallen

 
  INFERENCE ON COUNTERFACTUAL DISTRIBUTIONS
Ivan Fernandez-Val, Boston University
Co-Authors: Victor Chernozhukov, MIT and Blaise Melly, Brown University
 

16:45 - 18:15 PLENARY SESSION



16:45 - 18:15 FISHER-SCHULTZ LECTURE
Chairperson: Roger Myerson, University of Chicago
Room Grand Ballroom

  WILLPOWER AND SELF CONTROL
Drew Fudenberg, Harvard University
 

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