ESWC 2010: Congress Programme

ESWC 2010: Congress Programme

The Congress Programme is subject to last minute changes.

This version of the Programme was viewed at 7/22/2010 5:02:54 AM

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TUESDAY 17 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

APPLIED THEORY
Chairperson: Matthew Jackson, Stanford University
Discussant: Yeon-Koo Che, Columbia University

Room Yellow River Hall

	MATCHING MARKETS: THEORY AND PRACTICE Atila Abdulkadiroglu, Duke University and Tayfun Sonmez, Boston College
	THE ECONOMICS OF INTERNET MARKETS Jonathan Levin, Stanford University

09:00 - 10:45

FINANCE
Chairperson: Guy Laroque, INSEE-CREST and University College London
Discussant: Peter de Marzo, Stanford University

Room Auditorium

	THE MACROECONOMICS OF HOUSING Monika Piazzesi, Stanford University
	MACROECONOMICS WITH FINANCIAL FRICTIONS Markus Brunnermeier, Princeton University Co-Author: Yuliy Sannikov, Princeton University

09:00 - 10:45

IO ECONOMETRICS
Chairperson: Philip Haile, Yale University
Discussant: Martin Pesendorfer, London School of Economics

Room Century Hall

	GAME THEORY AND ECONOMETRICS: A SURVEY OF SOME RECENT RESEARCH Patrick Bajari, University of Minnesota and Han Hong, Stanford University
	RECENT DEVELOPMENTS IN EMPIRICAL DYNAMIC MODELS OF DEMAND AND COMPETITION IN OLIGOPOLY INDUSTRIES Victor Aguirregabiria, University of Toronto and Aviv Nevo, Northwestern University

11:15 - 12:45

CONTRIBUTED SESSIONS

11:15 - 12:45

COMPUTATION (COM)
Chairperson: Huiyu Li, Stanford University

Room 3G

	MASSIVELY PARALLEL COMPUTATION USING GRAPHICS PROCESSORS WITH APPLICATION TO OPTIMAL EXPERIMENTATION IN DYNAMIC CONTROL Sergei Morozov, Morgan Stanley Co-Author: Sudhanshu Mathur, Morgan Stanley
	ACCURACY OF NUMERICAL POLICY FUNCTIONS FOR A SAVINGS PROBLEM Huiyu Li, Stanford University
	MONOTONE APPROXIMATION OF DECISION PROBLEMS Thomas Weber, Stanford University Co-Author: Naveed Chehrazi, Stanford University

11:15 - 12:45

CONTRACT THEORY (THY)
Chairperson: Robert Evans, University of Cambridge

Room Century Hall

	STAR WARS: EXCLUSIVE TALENT AND COLLUSIVE OUTCOMES IN LABOR MARKETS Arijit Mukherjee, Michigan State University Co-Author: Lu�s Vasconcelos, Universidade Nova de Lisboa
	EFFICIENT VS OPTIMAL MANAGERIAL TURNOVER Alessandro Pavan, Co-Author: Daniel Garrett, Northwestern University
	BILATERAL TRADING AND RENEGOTIATION Robert Evans, University of Cambridge Co-Author: Soenje Reiche, Gremaq, TSE, Universit of Cambridge

11:15 - 12:45

GLOBAL GAMES (THY)
Chairperson: Eugen Kovac, University of Bonn

Room 3A

	CHARACTERISING EQUILIBRIUM SELECTION IN GLOBAL GAMES WITH STRATEGIC COMPLEMENTARITIES Christian Basteck, Technical University Berlin Co-Authors: Tijmen Daniels, Technical University Berlin and Frank Heinemann, Technical University Berlin
	SPECULATIVE ATTACKS WITH MULTIPLE TARGETS Junichi Fujimoto, University of Tokyo
	REVERSIBILITY IN DYNAMIC COORDINATION PROBLEMS Eugen Kovac, University of Bonn Co-Author: Jakub Steiner, Northwestern University

11:15 - 12:45

AUCTIONS I (THY)
Chairperson: Gabor Virag, University of Rochester

Room 3B

	EFFICIENT AND OPTIMAL SELLING PROCEDURES WITH PRIVATE INFORMATION ACQUISITION COSTS Lixin Ye, The Ohio State University Co-Author: Jingfeng Lu, National University of Singapore
	OPTIMAL CHARITY AUCTION: HOW DOES "ASYMMETRY" IN EXTERNALITIES MATTER? Jingfeng Lu, National University of Singapore
	FIRST-PRICE AUCTIONS WITH RESALE: THE CASE OF MANY BIDDERS Gabor Virag, University of Rochester

11:15 - 12:45

MATCHING I (THY)
Chairperson: Eric Budish, University of Chicago, Booth School of Business

Room 3C

	VON NEUMANN-MORGENSTERN SOLUTIONS IN THE ASSIGNMENT MARKET Marina Nunez, University of Barcelona Co-Author: Carles Rafels, University of Barcelona
	MATCHING MARKETS UNDER (IN)COMPLETE INFORMATION Jordi Mass�, Universitat Aut�noma de Barcelona Co-Author: Lars Ehlers, Universit� de Montr�al
	THE MULTI-UNIT ASSIGNMENT PROBLEM: THEORY AND EVIDENCE FROM COURSE ALLOCATION AT HARVARD Eric Budish, University of Chicago, Booth School of Business Co-Author: Estelle Cantillon, Universite libre de Bruxelles

11:15 - 12:45

COMMUNICATION I (THY)
Chairperson: Wojciech Olszewski, Northwestern University

Room 3H

	ADVERSARIAL VERSUS INQUISITORIAL TESTIMONY Winand Emons, University of Bern Co-Author: Claude Fluet, University du Quebec a Montreal
	ADVISING ON ALTERNATIVES: PANDERING TO PERSUADE Wouter Dessein, Columbia Business School Co-Authors: Yeon-Koo Che, Columbia University and Navin Kartik, Columbia University
	DELIBERATION Wojciech Olszewski, Northwestern University

11:15 - 12:45

EXPERIMENTS OF BARGAINING AND COOPERATION (EXP)
Chairperson: Steve Lehrer, Queen''s University and NBER

Room 3F

	HOW TO PLACE TRUST WELL? A STUDY OF THE EFFECT OF THE SOURCE OF INFORMATION ON COOPERATION IN AN INVESTMENT GAME Juergen Bracht, University of Aberdeen
	WHICH WORDS BOND? AN EXPERIMENT ON SIGNALING IN A PUBLIC GOOD GAME Marta Serra-Garcia, Tilburg University Co-Authors: Jan Potters, Tilburg University and ERIC VAN DAMME, CENTER, TILBURG UNIVERSITY
	BARGAINING AND REPUTATION: EXPERIMENTAL EVIDENCE ON BARGAINING IN THE PRESENCE OF IRRATIONAL TYPES Steve Lehrer, Queen''s University and NBER Co-Authors: Matthew Embrey, and Guillaume Frechette, New York University

11:15 - 12:45

EXPERIMENTS IN GAMES (EXP)
Chairperson: Erte Xiao, Carnegie Mellon University

Room 3I

	LINKING ECONOMIC GAMES TO REAL-WORLD OUTCOMES Julian Jamison, Federal Reserve Bank of Boston Co-Author: Dean Karlan, Yale University
	THE POTENTIAL OF SOCIAL IDENTITY FOR EQUILIBRIUM SELECTION Yan Chen, University of Michigan Co-Author: Roy Chen, University of Michigan
	PROFIT-SEEKING PUNISHMENT CORRUPTS NORM OBEDIENCE Erte Xiao, Carnegie Mellon University

11:15 - 12:45

MARKET MICROSTRUCTURE I (FIN)
Chairperson: Paul Ma, Stanford University

Room 5B

	INFORMATIONAL EFFICIENCY AND ORDER IMBALANCE IN LIMIT ORDER MARKETS Wataru Ohta, Osaka University Co-Author: Nabil Maghrebi, Wakayama University
	SHORT-TERM REVERSALS,RETURNS TO LIQUIDITY PROVISION AND THE COSTS OF IMMEDIACY Kalle Rinne, Aalto University (formerly Helsinki School of Economics) Co-Author: Matti Suominen, Aalto University (formerly Helsinki School of Economics)
	THE IMPACT OF HIGH FREQUENCY ARBITRAGEURS UPON MARKET LIQUIDITY: EVIDENCE FROM EXCHANGE OUTAGES Paul Ma, Stanford University Co-Author: Matthew Harding, Stanford University

11:15 - 12:45

CONTRACT THEORY I (FIN)
Chairperson: Peter Swan, University of New South Wales

Room 5C

	A CONTINUOUS-TIME ANALYSIS OF OPTIMAL CONTRACTS WITH RESTRUCTURING IN AN ENVIRONMENT WITH COSTLY INFORMATION DISCLOSURE: THEORY AND APPLICATIONS Hisashi Nakamura, University of Tokyo
	OPTIMAL SECURITIZATION WITH HETEROGENEOUS INVESTORS Semyon Malamud, EPF Lausanne and Swiss Finance Institute Co-Authors: Huaxia Rui, The University of Texas at Austin and Andrew Whinston, University of Texas at Austin
	CEO INCENTIVES AND INSTITUTIONAL TRADER MONITORING ARE SUBSTITUTES: THEORY AND EVIDENCE Peter Swan, University of New South Wales

11:15 - 12:45

ASSET PRICING I (FIN)
Chairperson: Giovanni Cespa, Queen Mary University of London

Room 5H

	PSYCHOLOGICAL ANCHORS, UNDERREACTION, OVERREACTION, AND ASSET PRICES Jun Li, university of minnesota Co-Author: Jianfeng Yu, University of Minnesota
	FIGHTING HUMAN NATURE: PROSPECT THEORY AND MOMENTUM ON THE OSLO STOCK EXCHANGE Knut Nygaard, NORWEGIAN SCHOOL OF ECONOMICS AND BUSINESS ADMINISTRATION
	DYNAMIC TRADING AND ASSET PRICES: KEYNES VS. HAYEK Giovanni Cespa, Queen Mary University of London Co-Author: Xavier Vives, IESE Business School and UPF

11:15 - 12:45

ESTIMATING CONSUMER EXPECTATIONS (IND)
Chairperson: Lionel Wilner, Crest-LEI

Room 3J

	SWITCHING COST AND THE DEPOSIT DEMAND IN CHINA Chun-Yu Ho, Georgia Institute of Technology
	QUANTIFYING CONSUMER PERCEPTION OF A FINANCIALLY DISTRESSED COMPANY Robert Hammond, North Carolina State University
	DO CONSUMERS CORRECTLY EXPECT PRICE REDUCTIONS ? Lionel Wilner, Crest-LEI Co-Author: Philippe Fevrier, CREST-LEI

11:15 - 12:45

EXPORT DYNAMICS I (INT)
Chairperson: Benedikt Heid, ifo Institute for Economic Research, University of Bayreuth

Room 3D

	PER CAPITA INCOME, MARKET ACCESS COSTS, AND TRADE VOLUMES Alexander Tarasov, University of Munich
	SEQUENTIAL EXPORTING Hector Calvo Pardo, University of Southampton Co-Authors: Facundo Albornoz, Univeristy of Birmingham, Gregory Corcos, NHH and Emanuel Ornelas, London School of Economics
	SPATIAL EXPORTER DYNAMICS Benedikt Heid, ifo Institute for Economic Research, University of Bayreuth Co-Authors: Fabrice Defever, University of Nottingham, GEP, CEP and Mario Larch, Ifo Institute for Economic Research

11:15 - 12:45

INSTITUTIONS AND TRADE (INT)
Chairperson: Sebastian Galiani, Washington University in St Louis

Room 3E

	INSTITUTION-DRIVEN COMPARATIVE ADVANTAGE, COMPLEX GOODS AND ORGANIZATIONAL CHOICE Sara Formai, Stockholm School of Economics Co-Author: Shon Ferguson, Stockholm University
	DOES PUBLIC GOVERNANCE ALWAYS MATTER? HOW EXPERIENCE OF POOR INSTITUTIONAL QUALITY INFLUENCES FDI TO THE SOUTH Rodolphe Desbordes, University of Strathclyde Co-Authors: Julia Darby, University of Strathclyde and Ian Wooton, University of Strathclyde, CEPR
	FACTOR ENDOWMENTS, DEMOCRACY AND TRADE POLICY DIVERGENCE Sebastian Galiani, Washington University in St Louis Co-Authors: Norman Schofield, Washington University in St Louis and Gustavo Torrens, Washington University in St Louis

11:15 - 12:45

HEALTH I (LAB)
Chairperson: Hayley Fisher, University of Cambridge

Room 5D

	DO I KNOW MORE THAN MY BODY CAN TELL? Amelie Wuppermann, University of Munich (LMU)
	NONPARAMETRIC DECOMPOSITION OF THE DISTRIBUTIONAL CHANGE OF BODY MASS INDEX IN CHINA Ju Qiu, Toulouse School of Economics Co-Author: Pierre Dubois, Toulouse School of Economics
	THE HEALTH BENEFITS OF MARRIAGE: NEW EVIDENCE USING VARIATION IN MARRIAGE TAX PENALTIES Hayley Fisher, University of Cambridge

11:15 - 12:45

DEMOGRAPHY AND GENDER (LAB)
Chairperson: Analia Schlosser, Tel Aviv University

Room 5E

	ESTIMATING GENDER DIFFERENCES IN ACCESS TO JOBS: FEMALES TRAPPED AT THE BOTTOM OF THE LADDER Laurent Gobillon, Institut National d''Etudes D�mographiques (INED) Co-Authors: Dominique Meurs, University of Paris 10 (EconomiX) and S�bastien Roux, Centre de Recherche en Economie et Statistique (CREST)
	DOES GENDER MATTER FOR ACADEMIC PROMOTION? EVIDENCE FROM A RANDOMIZED NATURAL EXPERIMENT Natalia Zinovyeva, Foundation for Applied Economic Research (FEDEA) Co-Author: Manuel Bagues, University Carlos III
	HOW DO EMPLOYMENT PROTECTION AND PARENTAL LEAVE BENEFITS AFFECT MOTHERS� POST-BIRTH CAREERS Analia Schlosser, Tel Aviv University Co-Authors: Rafael Lalive, University of Lausanne and Josef Zweimuller, University of Zurich

11:15 - 12:45

FERTILITY AND SEX RATIOS IN CHINA (LAB)
Chairperson: Junsen Zhang, Department of Economics, The Chinese University of Hong Kong

Room Pearl Hall

	EMPLOYMENT AND FERTILITY IN RURAL CHINA: IMPLICATIONS FOR THE �ONE�CHILD� POLICY Hai Fang, University of Colorado Denver Co-Authors: Karen Eggleston, Stanford University, John Rizzo, State University of New York at Stony Brook and Richard Zeckhauser, Harvard University
	CHILDREN AND PARENTAL HEALTH: EVIDENCE FROM CHINA Asadul Islam, Department of Economics, Monash University
	SEX RATIOS AND CRIME: EVIDENCE FROM CHINA Junsen Zhang, Department of Economics, The Chinese University of Hong Kong Co-Authors: Lena Edlund, Department of Economics, Columbia University, Hongbin Li, Department of Economics, School of Economics and Management, Tsinghua University and Junjian Yi, Department of Economics, Chinese University of Hong Kong

11:15 - 12:45

DYNAMIC ISSUES IN MACROECONOMICS (MAX)
Chairperson: Toshihiko Mukoyama, University of Virginia

Room Gran Melia B3

	ESTIMATING DYNAMIC CONTRACTS: RISK SHARING IN VILLAGE ECONOMIES Sarolta Laczo, Toulouse School of Economics and European University Institute
	TIME DISCOUNTING AND INTERGENERATIONAL ALTRUISM Masao Ogaki, Keio University Co-Authors: Charles Yuji Horioka, Osaka University, Akiko Kamesaka, Aoyama Gakuin University, Kohei Kubota, Osaka University and Fumio Ohtake, Osaka University
	UNDERSTANDING THE WELFARE EFFECTS OF UNEMPLOYMENT INSURANCE POLICY IN GENERAL EQUILIBRIUM Toshihiko Mukoyama, University of Virginia

11:15 - 12:45

MACROECONOMICS: INFLATION (MAX)
Chairperson: Seok Gil Park, Indiana University Bloomington

Room Gran Melia B4

	INFLATION EXPECTATIONS AND RISK PREMIUMS IN AN ARBITRAGE-FREE MODEL OF NOMINAL AND REAL BOND YIELDS Glenn Rudebusch, Federal Reserve Bank of San Francisco Co-Authors: Jens Christensen, FRBSF and Jose Lopez, FRBSF
	INFLATION, NOMINAL DEBT, HOUSING AND WELFARE Shutao Cao, Bank of Canada Co-Authors: Cesaire Meh, Bank of Canada, Jose-Victor Rios-Rull, University of Minnesota and Yasuo Terajima, Bank of Canada
	QUASI-FISCAL POLICIES OF INDEPENDENT CENTRAL BANKS AND INFLATION Seok Gil Park, Indiana University Bloomington

11:15 - 12:45

MODELS OF ASSET PRICING BUBBLES (MAX)
Chairperson: Tomohiro Hirano, Financial Research and Training Center, Financial Services Agency, The Japanese Government

Room Gran Melia F1

	PRODUCE OR SPECULATE? ASSET BUBBLES, OCCUPATIONAL CHOICE AND EFFICIENCY Edouard Challe, Ecole Polytechnique Co-Author: Pierre Cahuc, Ecole Polytechnique
	SELF-FULFILLING BELIEFS AND BOUNDED BUBBLES IN THE U.S. HOUSING MARKET Masanori Kashiwagi, University of California, Los Angeles
	ASSET BUBBLES, ENDOGENOUS GROWTH, AND FINANCIAL SYSTEM Tomohiro Hirano, Financial Research and Training Center, Financial Services Agency, The Japanese Government Co-Author: Noriyuki Yanagawa, The University of Tokyo

11:15 - 12:45

ASSET PRICING: MACROECONOMICS (MAX)
Chairperson: Eric Swanson, Federal Reserve Bank of San Francisco

Room Gran Melia F5

	HOME EQUITY, FORECLOSURES, AND BAIL-OUT PROGRAMS DURING THE SUBPRIME CRISES Carlos Garriga, Federal Reserve Bank of St. Louis Co-Author: Don Schlagenhauf, Florida State University
	RISK PREMIA IN GENERAL EQUILIBRIUM Olaf Posch, Aarhus University and CREATES
	RISK AVERSION, THE LABOR MARGIN, AND ASSET PRICING IN DSGE MODELS Eric Swanson, Federal Reserve Bank of San Francisco

11:15 - 12:45

PUBLIC ECONOMICS: SOCIAL SECURITY (PUB)
Chairperson: Wallace K C Mok, The Chinese University of Hong Kong

Room Yellow River Hall

	A MATTER OF TRUST: UNDERSTANDING WORLDWIDE PUBLIC PENSION CONVERSIONS Walter Theseira, Nanyang Technological University Co-Author: Kent Smetters, University of Pennsylvania
	SAVING FOR RETIREMENT AND RETIREMENT INVESTMENT CHOICES Andrea Tiseno, Banca D'Italia Co-Author: Monica Paiella, University of Naples �Parthenope�
	DISABILITY, EARNINGS, INCOME AND CONSUMPTION Wallace K C Mok, The Chinese University of Hong Kong Co-Author: Bruce Meyer, University of Chicago

11:15 - 12:45

REDISTRIBUTIVE POLITICS I (POL)
Chairperson: Mauro Rodrigues, Department of Economics, University of Sao Paulo, Brazil

Room Gran Melia B1

	THE POLITICAL ECONOMY OF CAPITAL REALLOCATION Mario Bersem, University of Amsterdam Co-Authors: Enrico Perotti, University of Amsterdam and Ernst-Ludwig von Thadden, Department of Economics, University of Mannheim
	POLICY DIVERGENCE WITH POST-ELECTORAL BARGAINING SunTak Kim, University of Pittsburgh
	TWO-BALLOT VERSUS PLURALITY RULE: AN EMPIRICAL INVESTIGATION ON THE NUMBER OF CANDIDATES Mauro Rodrigues, Department of Economics, University of Sao Paulo, Brazil Co-Authors: Carlos Eduardo Goncalves, Department of Economics, University of Sao Paulo and Ricardo Madeira, Department of Economics, University of Sao Paulo

11:15 - 12:45

CHOICE AND CONFLICT IN GROUPS (POL)
Chairperson: Cesar Martinelli, ITAM

Room Gran Melia B2

	CHOOSING CHOICES: AGENDA SELECTION WITH UNCERTAIN ISSUES Eduardo Perez, Economics Department, Ecole Polytechnique Co-Author: Raphael Godefroy, Paris School of Economics
	IDENTITY, COMMUNITY, AND SEGREGATION Bryony Reich, University of Cambridge
	VOTING AND INCENTIVES IN CARTELS Cesar Martinelli, ITAM Co-Author: Richard Sicotte, University of Vermont

11:15 - 12:45

ELECTIONS (POL)
Chairperson: Ruth Kricheli, Stanford University

Room Gran Melia F2

	INFERRING STRATEGIC VOTING Yasutora Watanabe, Kellogg School, Northwestern Univ Co-Author: Kei Kawai, Northwestern University
	POLICY CONVERGENCE IN A TWO-CANDIDATE PROBABILISTIC VOTING MODEL. Alexey Zakharov, State University-Higher School of Economics
	MASS REVOLUTIONS VS. ELITE COUPS Ruth Kricheli, Stanford University Co-Author: Yair Livne, Stanford GSB

11:15 - 12:45

HOUSEHOLD BEHAVIOR (DEV)
Chairperson: Christian Helmers, University of Oxford

Room Gran Melia F3

	BARGAINING POWER WITHIN THE FAMILY IN SOUTH KOREA:TRANSFERS TO PARENTS FROM ADULT CHILDREN AND VICE-VERSA Heonjae Song, Korea Institute of Public Finance Co-Author: John Ham, University of Maryland
	SEPARATE EFFECTS OF SIBLING GENDER AND FAMILY SIZE ON EDUCATION: METHODS AND FIRST EVIDENCE Yen-Chien Chen, Assistant Professor Co-Authors: Stacey Chen, Royal Holloway University of London, Hsien-Ming Lien, National Cheng-Chi University and Jin-Tan Liu, National Taiwan University
	DOES THE ROTTEN CHILD SPOIL HIS COMPANION? SPATIAL PEER EFFECTS AMONG CHILDREN IN RURAL INDIA Christian Helmers, University of Oxford Co-Author: Manasa Patnam, University of Cambridge

11:15 - 12:45

MACROECONOMETRICS I (ECO)
Chairperson: James Stock, Harvard University

Room Yangtze Hall

	REAL-TIME MACROECONOMIC MONITORING: REAL ACTIVITY, INFLATION, AND INTERACTIONS Francis Diebold, University of Pennsylvania Co-Author: Boragan Aruoba, University of Maryland
	REGIME SWITCHES, AGENTS' BELIEFS, AND POST-WORLD WAR II U.S. MACROECONOMIC DYNAMICS Francesco Bianchi, Duke University
	ESTIMATING BUSINESS CYCLE TURNING POINTS USING LARGE DATA SETS James Stock, Harvard University Co-Author: Mark Watson,

11:15 - 12:45

MISSING DATA (ECO)
Chairperson: Andres Santos, University of California - San Diego

Room 5A

	IDENTIFICATION ON REGRESSIONS WITH MISSING COVARIATE DATA Federico Bugni, Duke University Co-Authors: Esteban Aucejo, Duke University and V. Joseph Hotz, Duke University
	MISSING ORDINAL COVARIATES WITH INFORMATIVE SELECTION Alfonso Miranda, Institute of Education, University of London Co-Author: Sophia Rabe-Hesketh, University of California, Berkeley
	INTERVAL ESTIMATION OF POTENTIALLY MISSPECIED QUANTILE MODELS IN THE PRESENCE OF MISSING DATA Andres Santos, University of California - San Diego Co-Author: Patrick Kline, University of California - Berkeley

11:15 - 12:45

VARIANCE ESTIMATION (ECO)
Chairperson: Dale Poirier, University of California, Irvine

Room 5F

	ON THE IRRELEVANCE OF IMPOSSIBILITY THEOREMS: THE CASE OF THE LONG-RUN VARIANCE Linxia Ren, Boston University Co-Author: Pierre Perron, Boston University
	AUTOCORRELATION ROBUST MEAN INFERENCE USING NONPARAMETRIC SERIES METHODS Sun Yixiao, University of California, San Diego
	BAYESIAN INTERPRETATIONS OF HETEROSKEDASTIC CONSISTENT COVARIANCE ESTIMATORS USING THE INFORMED BAYESIAN BOOTSTRAP Dale Poirier, University of California, Irvine

11:15 - 12:45

NONPARAMETRIC ESTIMATION I (ECO)
Chairperson: Yoon-Jae Whang, Seoul National University

Room 5G

	ARE ANY GROWTH THEORIES LINEAR? Daniel Henderson, Department of Economics, Binghamton University Co-Authors: Chris Papageorgiou, International Monetary Fund and Christopher Parmeter, Department of Agricultural and Applied Economics, Virginia Tech
	STOCHASTIC DISCOUNT FACTOR WITH CONDITIONING INFORMATION Zongwu Cai, University of North Carolina at Charlotte
	NONPARAMETRIC ESTIMATION OF A POLARIZATION MEASURE Yoon-Jae Whang, Seoul National University Co-Authors: Gordon Anderson, University of Toronto and Oliver Linton, London School of Economics

11:15 - 12:45

LIMITED DEPENDENT VARIABLES (ECO)
Chairperson: Ed Vytlacil, Yale University

Room 5I

	SIMPLE ESTIMATORS OF SWITCHING REGIMES MODELS WITH NORMAL MEAN-VARIANCE MIXTURE COPULAS AND AVERAGE TREATMENT EFFECTS Jisong Wu, IUPUI Co-Author: Yanqin Fan, Vanderbilt University
	ITERATIVE LEAST SQUARES ESTIMATION OF SEMIVARYING-COEFFICIENT PROBIT MODELS Tadao Hoshino, Tokyo Institute of Technology
	NONPARAMETRIC IDENTIFICATION AND ESTIMATION OF A BINARY CHOICE MODEL OF LOAN APPROVAL USING ONLY APPROVED LOANS Ed Vytlacil, Yale University Co-Authors: Wei Jiang, Columbia University and Ashlyn Nelson, Indiana University

11:15 - 12:45

ECONOMETRIC METHODOLOGY I (ECO)
Chairperson: Nekipelov Denis, UC Berkeley

Room 5J

	FOURTH ORDER PSEUDO MAXIMUM LIKELIHOOD METHODS Michael Rockinger, University of Lausanne Co-Authors: Alberto Holly, University of Lausanne and Alain Monfort, CREST
	NUMERICAL PERFORMANCE OF MCMC ALGORITHMS FOR CLASSICAL ESTIMATION Anna Kormilitsina, Southern Methodist University Co-Author: Denis Nekipelov, University of California - Berkeley
	EXTREMUM ESTIMATION AND NUMERICAL DERIVATIVES Nekipelov Denis, UC Berkeley Co-Authors: Han Hong, Stanford University and Aprajit Mahajan, Stanford University

14:15 - 16:15

CONTRIBUTED SESSIONS

14:15 - 16:15

COMPUTATION IN DYNAMIC MODELS (COM)
Chairperson: Michael Evers, Bonn University

Room 3G

	VERIFYING COMPETITIVE EQUILIBRIA IN DYNAMIC ECONOMIES Felix Kubler, University of Zurich
	COMPUTING EQUILIBRIA IN DYNAMIC MODELS WITH OCCASIONALLY BINDING CONSTRAINTS Johannes Brumm, Mannheim University Co-Author: Michael Grill, Mannheim University
	IMPROVING THE NUMERICAL PERFORMANCE OF BLP STATIC AND DYNAMIC DISCRETE CHOICE RANDOM COEFFICIENTS DEMAND ESTIMATION Su Che-Lin, University of Chicago Booth School of Business Co-Authors: Jean-Pierre Dube, University of Chicago and Jeremy Fox, University of Chicago
	A SELF-CONSISTENT PERTURBATION PROCEDURE FOR SOLVING DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM MODELS Michael Evers, Bonn University

14:15 - 16:15

AMBIGUITY AND MARKETS (THY)
Chairperson: Daniel Garrett, Northwestern University

Room Gran Melia B1

	EFFICIENT ALLOCATIONS UNDER AMBIGUITY Jan Werner, University of Minnesota Co-Author: Tomasz Strzalecki, Harvard University
	HEDGING PRIORS Johannes Gierlinger, Toulouse School of Economics
	ROBUST MEAN VARIANCE PORTFOLIO ANALYSIS Fabio Maccheroni, Bocconi Co-Authors: Massimo Marinacci, Bocconi and Doriana Ruffino, University of Minnesota
	FOUNDATIONS FOR SIMPLE MENUS OF CONTRACTS IN COST-BASED PROCUREMENT Daniel Garrett, Northwestern University

14:15 - 16:15

BARGAINING I (THY)
Chairperson: Edoardo Gallo, University of Oxford, Nuffield College

Room Gran Melia B2

	BARGAINING ORDER IN ASYMMETRIC MULTI-PERSON BARGAINING GAME Jun Xiao, Department of Economics, The Pennsylvania State University
	THE ROBUST OUTCOME IN MULTILATERAL BARGAINING Jianbo Zhang, Univ of Kansas
	ONGOING NEGOTIATION WITH ENDOGENOUS STATUS QUO Wioletta Dziuda, MEDS, Kellogg School of Management, Northwestern University Co-Author: Antoine Loeper, MEDS, Kellogg School of Management, Northwestern University
	BARGAINING AND SOCIAL STRUCTURE Edoardo Gallo, University of Oxford, Nuffield College

14:15 - 16:15

DECISION THEORY I (THY)
Chairperson: Leandro Nascimento, NYU

Room Gran Melia B3

	CHOICE BY LEXICOGRAPHIC SEMIORDERS Paola Manzini, University of St. Andrews Co-Author: Marco Mariotti, University of St Andrews
	MAXMIN EXPECTED UTILITY ON A SUBJECTIVE STATE SPACE: CONVEX PREFERENCES UNDER RISK Simone Cerreia Vioglio, Columbia University
	A SALIENCE THEORY OF CHOICE ERRORS Marco Mariotti, University of St Andrews Co-Author: Paola Manzini, University of St. Andrews
	SECOND-ORDER AMBIGUOUS BELIEFS Leandro Nascimento, NYU Co-Author: Gil Riella, UnB

14:15 - 16:15

FOUNDATIONAL ISSUES IN GAME THEORY (THY)
Chairperson: Younghwan In, KAIST Business School

Room Gran Melia F1

	BAYESIAN AND CONSISTENT ASSESSMENTS Carlos Pimienta, The University of New South Wales
	COURNOT OLIGOPOLY AND CONCAVO-CONCAVE DEMAND Christian Ewerhart, University of Zurich
	INDEPENDENT RANDOM MATCHING WITH MANY TYPES Konrad Podczeck, Department of Economics, University of Vienna Co-Author: Daniela Puzzello, Department of Economics, University of Illinois
	SIGNALING PRIVATE CHOICES Younghwan In, KAIST Business School Co-Author: Julian Wright, National University of Singapore

14:15 - 16:15

DYNAMIC GE AND GROWTH (THY)
Chairperson: Atsushi Kajii, Kyoto University

Room Gran Melia F2

	STATUS, INTERTEMPORAL CHOICE AND RISK-TAKING Arthur Robson, Simon Fraser University Co-Author: Debraj Ray, New York University
	IMPROVEMENT OF INFORMATION AND PRIVATE INVESTMENT IN EDUCATION Bernhard Eckwert, Bielefeld University
	HYSTERESIS IN DYNAMIC GENERAL EQUILIBRIUM MODELS WITH CASH-IN-ADVANCE CONSTRAINTS Kazuya Kamiya, University of Tokyo Co-Author: Takashi Shimizu, Kansai University
	CONSTRAINED INEFFICIENCY AND OPTIMAL TAXATION WITH UNINSURABLE RISKS Atsushi Kajii, Kyoto University Co-Authors: Piero Gottardi, European University Institute and Tomoyuki Nakajima, Kyoto University

14:15 - 16:15

BEHAVIORAL FIELD EXPERIMENTS (EXP)
Chairperson: Tomomi Tanaka, Arizona State University

Room Gran Melia B4

	THE INCENTIVE EFFECTS OF AFFIRMATIVE ACTION IN A REAL EFFORT TOURNAMENT Caterina Calsamiglia , Universitat Aut�noma de Barcelona Co-Author: Joerg Franke, University of Dortmund
	FREE RIDING IN THE LAB AND IN THE FIELD Georg Gebhardt, University of Cologne Co-Author: Florian Englmaier, University of Munich
	THE ROLE OF INFORMATION IN PERFORMANCE SCHEMES: EVIDENCE FROM A FIELD EXPERIMENT Andreas Roider, University of Heidelberg Co-Authors: Florian Englmaier, University of Munich and Uwe Sunde, Swiss Institute of Empirical Economic Research
	COMPETITION AS A SAVING INCENTIVE: A FIELD EXPERIMENT WITH THE HOMELESS Tomomi Tanaka, Arizona State University Co-Authors: Sera Linardi, California Institute of Technology and Rajiv Sinha, Arizona State University

14:15 - 16:15

CREDIT MARKETS I (FIN)
Chairperson: Rafael Repullo, CEMFI

Room 5A

	DIAGNOSING THE LIBOR: STRATEGIC MANIPULATION AND MEMBER PORTFOLIO POSITIONS Connan Snider, University of California Los Angeles
	DETECTING REGIME SHIFTS IN CORPORATE CREDIT SPREADS Olfa Maalaoui Chun, KAIST Graduate School of Finance
	FINANCIAL MARKETS, DIVERSIFICATION, AND ALLOCATIVE EFFICIENCY: INTERNATIONAL EVIDENCE Alexander Popov, European Central Bank Co-Author: Simone Manganelli, European Central Bank
	MORAL HAZARD AND DEBT MATURITY Rafael Repullo, CEMFI Co-Author: Gur Huberman, Columbia Business School

14:15 - 16:15

CORPORATE FINANCE THEORY (FIN)
Chairperson: Jean-Paul D�camps, Toulouse School of Economics

Room 5B

	COLLATERAL AND CAPITAL STRUCTURE Adriano Rampini, Duke University Co-Author: S. Viswanathan, Duke University
	FUND MANAGERS� CONTRACTS AND SHORT-TERMISM Catherine Casamatta, Toulouse School of Economics & IAE Co-Author: Sebastien Pouget, Toulouse School of Economics
	INTEREST RATE SHOCKS AND CREDIT RISK Carlos Gonzalez-Aguado, CEMFI Co-Author: Javier Suarez, CEMFI
	FREE CASH-FLOW, ISSUANCE COSTS AND STOCK PRICE VOLATILITY Jean-Paul D�camps, Toulouse School of Economics Co-Authors: Thomas Mariotti, Toulouse School of Economics, Jean-Charles Rochet, Universty of Zurich - TSE and Stephane Villeneuve,

14:15 - 16:15

MARKET MICROSTRUCTURE II (FIN)
Chairperson: Kei Kawakami, UCLA

Room 5C

	FINANCIAL EXPERTISE AS AN ARMS RACE Richard Lowery, University of Texas-Austin Co-Authors: Vincent Glode, University of Pennsylvania and Richard Green, Carnegie Mellon University
	A STRUCTURAL MODEL OF SHORT-TERM REVERSALS Matti Suominen, Aalto University (formerly Helsinki School of Economics) Co-Author: Kalle Rinne, Aalto University (formerly Helsinki School of Economics)
	MARKET FREEZE AND RECOVERY: TRADING DYNAMICS UNDER OPTIMAL INTERVENTION BY A MARKET-MAKER-OF-LAST-RESORT Jonathan Chiu, Bank of Canada Co-Author: Thorsten Koeppl, Queen's University
	THE FORMATION OF EXCHANGES: RISK SHARING AND INFORMATION AGGREGATION Kei Kawakami, UCLA

14:15 - 16:15

ASSET PRICING II (FIN)
Chairperson: Ivan Jaccard, European Central Bank

Room 5D

	ASSET PRICING WITH HETEROGENEOUS INVESTORS AND PORTFOLIO CONSTRAINTS Georgy Chabakauri, London School of Economics
	DOES AMBIGUITY MATTER? ESTIMATING ASSET PRICING MODELS WITH A MULTIPLE-PRIORS RECURSIVE UTILITY Hwagyun Kim, Texas A&M
	INTERNATIONAL ASSET PRICING WITH RISK-SENSITIVE RARE EVENTS Riccardo Colacito, UNC Chapel Hill Co-Author: Mariano Croce, UNC, Chapel Hill
	ASSET PRICING AND HOUSING SUPPLY IN A PRODUCTION ECONOMY Ivan Jaccard, European Central Bank

14:15 - 16:15

INVESTMENT INCENTIVES: THEORY (IND)
Chairperson: Xinyu Hua, Hong Kong University of Science and Technology

Room Gran Melia F3

	INFORMATION ACQUISITION AND INNOVATION UNDER COMPETITIVE PRESSURE Andrei Barbos, University of South Florida
	R&D PORTFOLIOS OF MULTIPRODUCT FIRMS Ping Lin, Lingnan University of Hong Kong
	PAYMENTS AND PARTICIPATION: THE INCENTIVES TO JOIN COOPERATIVE STANDARD SETTING EFFORTS Gerard Llobet, CEMFI Co-Authors: Anne Layne-Farrar, LECG and Jorge Padilla, LECG
	EX-ANTE INVESTMENT, EX-POST REMEDY, AND PRODUCT LIABILITY Xinyu Hua, Hong Kong University of Science and Technology Co-Author: Yongmin Chen, University of Colorado at Boulder

14:15 - 16:15

COMPETITION AND PRICING: EMPIRICAL STUDIES I (IND)
Chairperson: Peter Benczur, MNB and CEU

Room Gran Melia F5

	DYNAMIC PRICE COMPETITION IN AUTO-INSURANCE BROKERAGE Luis Braido, FGV Rio Co-Author: Bruno Aurichio, FUCAPE Business School
	PRICE DISPERSION AND SEARCH COSTS: THE ROLES OF IMPERFECT INFORMATION AND PRODUCT DIFFERENTIATION Helena Perrone, University Pompeu Fabra Co-Author: Pierre Dubois, Toulouse School of Economics
	PRICE AND BRAND COMPETITION BETWEEN DIFFERENTIATED RETAILERS: A STRUCTURAL ECONOMETRIC MODEL Pierre Dubois, Toulouse School of Economics
	EVIDENCE FOR RELATIONAL CONTRACTS IN SOVEREIGN BANK LENDING Peter Benczur, MNB and CEU Co-Author: Cosmin Ilut, Duke University

14:15 - 16:15

MULTINATIONALS (INT)
Chairperson: Davin Chor, Singapore Management University

Room Yellow River Hall

	THE GLOBAL AGGLOMERATION OF MULTINATIONAL FIRMS Maggie Chen, Geroge Washington University Co-Author: Laura Alfaro, Harvard Business School
	DO MULTINATIONALS TRANSPLANT THEIR BUSINESS MODEL? Dalia Marin, University of Munich Co-Author: Linda Rousova, University of Munich
	THE ASYMMETRIC EFFECTS OF TARIFFS ON OFFSHORING INDUSTRIES: HOW NORTH/SOUTH TARIFFS AFFECT INTRA-FIRM TRADE Diez Federico, Federal Reserve Bank of Boston
	INTEGRATION VS OUTSOURCING ALONG THE GLOBAL PRODUCTION LINE Davin Chor, Singapore Management University Co-Author: Pol Antr�s,

14:15 - 16:15

INTERNATIONAL MACROECONOMICS I (INT)
Chairperson: Hirokazu Ishise, Boston University

Room 3C

	INVESTMENT-SPECIFIC TECHNOLOGY SHOCKS AND INTERNATIONAL BUSINESS CYCLES: AN EMPIRICAL ASSESSMENT Federico Mandelman, Federal Reserve Bank of Atlanta Co-Authors: Pau Rabanal, International Monetary Fund, Juan Rubio-Ramirez, Duke University and Atlanta Fed and Diego Vilan, Univ Southern California
	EXTERNAL IMBALANCES AND SUSTAINABILITY Dapeng Gu, PhD student, Faculty of Economics, University of Cambridge
	TRENDING CURRENT ACCOUNTS Nelson Mark, University of Notre Dame Co-Author: Horag Choi, University of Auckland
	TRADE COSTS AND BUSINESS CYCLE TRANSMISSION IN A MULTI-COUNTRY, MULTI-SECTOR MODEL Hirokazu Ishise, Boston University

14:15 - 16:15

LABOR MARKET DYNAMICS (LAB)
Chairperson: Steven Davis, University of Chicago

Room 3B

	INTERTEMPORAL LABOR SUPPLY WITH SEARCH FRICTIONS Josep Pijoan-Mas, CEMFI Co-Author: Claudio Michelacci, CEMFI
	DEEP HABITS AND THE CYCLICAL BEHAVIOUR OF EQUILIBRIUM UNEMPLOYMENT AND VACANCIES Renato Faccini, Bank of England Co-Author: Federico Di Pace, Birkbeck College
	PRIVATE PENSIONS AND WEALTH ACCUMULATION IN A DYNAMIC MODEL OF JOB SEARCH AND SAVINGS Nadia Karamcheva, Boston College, Department of Economics
	THE ESTABLISHMENT-LEVEL BEHAVIOR OF VACANCIES AND HIRING Steven Davis, University of Chicago

14:15 - 16:15

UNEMPLOYMENT (LAB)
Chairperson: Julie Beugnot, LAMETA Universit� montpellier 1

Room 3H

	THE EFFECTS OF UNEMPLOYMENT INSURANCE ON LABOR SUPPLY AND SEARCH OUTCOMES: REGRESSION DISCONTINUITY AND STRUCTURAL ESTIMATES Johannes Schmieder, Columbia University / IZA Co-Authors: Stefan Bender, IAB and Till von Wachter, Columbia University
	OPTIMAL MONITORING AND SANCTIONING SYSTEMS Conny Wunsch, University of St. Gallen
	COSTLY INTERVIEWS Jens Josephson, Stockholm University Co-Author: Joel Shapiro, Sa�d Business School, U. of Oxford
	A MULTIPLE EQUILIBRIA MODEL WITH A BINDING MINIMUM WAGE Julie Beugnot, LAMETA Universit� montpellier 1

14:15 - 16:15

WAGES (LAB)
Chairperson: Bingyong Zheng, Shanghai University of Finance & Economics

Room Pearl Hall

	IDIOSYNCRATIC INCOME RISK ESTIMATED FROM IRS ADMINISTRATIVE WAGE DATA Fatih Guvenen, University of Minnesota Co-Authors: Bradley Heim, US department of treasury, Vasia Panousi, Federal Reserve Board, Ivan Vidangos, Federal Reserve Board and Giovanni Violante, New York University
	WAGE RISK, ON-THE-JOB SEARCH AND PARTIAL INSURANCE Kai Liu, Johns Hopkins University
	JOB CHANGES AND INDIVIDUAL-JOB SPECIFIC WAGE DYNAMICS Laura Hospido, Bank of Spain
	IMPERFECT INFORMATION, ON-THE-JOB TRAINING, AND THE EMPLOYER SIZE-WAGE PUZZLE: THEORY AND EVIDENCE Bingyong Zheng, Shanghai University of Finance & Economics Co-Author: Shuaizhang Feng, Princeton University

14:15 - 16:15

MACROECONOMICS: ECONOMIC GROWTH (MAX)
Chairperson: Akos Valentinyi, Magyar Nemzeti Bank

Room Century Hall

	SAVING AND GROWTH UNDER BORROWING CONSTRAINTS: EXPLAINING THE "HIGH SAVING RATE" PUZZLE Yi WEN, St. Louis Fed, USA; and Tsinghua University, Beijing
	A TWO-SECTOR MODEL OF ENDOGENOUS GROWTH WITH LEISURE EXTERNALITIES Been-Lon Chen, Academia Sinica Co-Authors: Costas Azariadis, Washington University and Chia-Hui Lu, National Taipei University
	ENDOWMENT STRUCTURE, INDUSTRIAL DYNAMICS, AND ECONOMIC GROWTH Yong Wang, Hong Kong University of Science and Technology Co-Authors: Jiandong Ju, University of Oklahoma and Justin Yifu Lin, The World Bank
	TWO PERSPECTIVES ON PREFERENCES AND STRUCTURAL TRANSFORMATION Akos Valentinyi, Magyar Nemzeti Bank Co-Authors: Berthold Herrendorf, Arizona State University and Richard Rogerson, Arizona State University

14:15 - 16:15

FLUCTUATIONS IN EMERGING MARKET ECONOMIES (MAX)
Chairperson: Karagedikli Ozer, Reserve Bank of New Zealand

Room 3D

	CHARACTERIZING THE BUSINESS CYCLES OF EMERGING ECONOMIES J. Rodrigo Fuentes, Pontificia Universidad Catolica de Chile Co-Author: Cesar Calderon, The World Bank
	LENDING CONSTRAINTS, FINANCIAL LIBERALIZATION AND BUSINESS CYCLES IN EMERGING ECONOMIES Tao Peng, Southwestern University of Finance and Economics Co-Author: Raoul Minetti, Michigan State University
	THE IMPACT OF FOREIGN DEMAND ON MEXICO'S TOTAL FACTOR PRODUCTIVITY FROM 1950 TO 2008 Daniel Garces-Diaz, Bank of Mexico Co-Authors: Daniel Garces-Diaz, Bank of Mexico, Arturo Lamadrid, Bank of Mexico and Luis Esteban Maldonado, Bank of Mexico
	ALL TOGETHER NOW: DO INTERNATIONAL FACTORS EXPLAIN RELATIVE PRICE COMOVEMENTS? Karagedikli Ozer, Reserve Bank of New Zealand Co-Authors: Haroon Mumtaz, and Misa Tanaka, Bank of England

14:15 - 16:15

MONETARY POLICY I (MAX)
Chairperson: Shu-Hua Chen, Department of Economics, National Taipei University

Room 3E

	INVESTIGATING THE ZERO LOWER BOUND IN THE NOMINAL INTEREST RATE UNDER FINANCIAL INSTABILITY Carrillo Julio, Maastricht University Co-Author: Celine Poilly, Universit� Catholique de Louvain
	THE OPTIMAL INFLATION RATE UNDER DOWNWARD NOMINAL WAGE RIGIDITY Andreas Westermark, Sveriges Riksbank Co-Author: Mikael Carlsson, Research Department, Sveriges Riksbank,
	CENTRAL BANK BALANCE SHEETS AND LONG TERM FORWARD RATES Eric Santor , Bank of Canada Co-Authors: Sharon Kozicki, Bank of Canada and Lena Suchanek, Bank of Canada, European Central Bank
	INTEREST RATE RULES AND THE CREDIT CHANNEL OF MONETARY POLICY TRANSMISSION Shu-Hua Chen, Department of Economics, National Taipei University

14:15 - 16:15

DEMOCRACY (POL)
Chairperson: Pohan Fong, City University of Hong Kong

Room 3I

	FOREIGN INFLUENCE AND THE COLD WAR HISTORY OF DEMOCRACY IN LATIN AMERICA Roberto Bonfatti, London School of Economics and Oxford University
	SOLDIERS OR BUREAUCRATS? CONFLICT AND THE MILITARY�S ROLE IN POLICY-MAKING Gabriel Leon, University of Cambridge
	INEQUALITY, AND THE STABILITY AND STRUCTURE OF DEMOCRACY Florian Jung, Institute of Economics, University of St. Gallen Co-Author: Uwe Sunde, Swiss Institute of Empirical Economic Research
	CONSTRAINED AUTOCRACY Pohan Fong, City University of Hong Kong Co-Author: Daniel Diermeier, Northwestern University

14:15 - 16:15

GROWTH AND DEVELOPMENT I (DEV)
Chairperson: Dennis Yang , Chinese University of Hong Kong

Room 3A

	URBANIZATION AND STRUCTURAL TRANSFORMATION Stephen Redding, Princeton University Co-Authors: Guy Michaels, London School of Economics and Ferdinand Rauch, University of Vienna
	TECHNOLOGY DIFFUSION AND GROWTH Erzo Luttmer, University of Minnesota
	TIME INCONSISTENCY, EXPECTATIONS AND TECHNOLOGY ADOPTION: Aprajit Mahajan, Stanford University Co-Author: Alessandro Tarozzi, Duke University
	MODERNIZATION OF AGRICULTURE AND LONG-TERM GROWTH Dennis Yang , Chinese University of Hong Kong Co-Author: Xiaodong Zhu, University of Toronto

14:15 - 16:15

DEVELOPMENT: MACROECONOMIC ISSUES (DEV)
Chairperson: Shing-Yi Wang, New York University

Room 3J

	DOES SAVINGS CROWD OUT INFORMAL INSURANCE? EVIDENCE FROM A LAB EXPERIMENT IN THE FIELD Horacio Alejandro Larreguy Arbesu, MIT Economics (graduate student) Co-Authors: Arun G. Chandrasekhar, MIT Economics and Cynthia Kinnan, MIT Economics
	ENTROPY CHARACTERISATION OF INSURANCE DEMAND: THEORY AND EVIDENCE Yasuyuki Sawada, Faculty of Economics, University of Tokyo Co-Authors: Hiroyuki Nakata, Essex Business School, University of Essex and Mari Tanaka, Graduate School of Economics, University of Tokyo
	INTRINSIC CHARACTERISTICS VS THRESHOLD NONLINEARITIES: A TEST FOR POVERTY TRAPS Jose Olmo, City University London Co-Authors: Antonio Galvao, University of Wisconsin-Milwaukee and Gabriel Montes-Rojas, City University London
	STATE MISALLOCATION AND HOUSING PRICES: THEORY AND EVIDENCE FROM CHINA Shing-Yi Wang, New York University

14:15 - 16:15

ESTIMATION OF DSGE MODELS (ECO)
Chairperson: Raffaella Giacomini, UCL Economics

Room Yangtze Hall

	EXACT LIKELIHOOD COMPUTATION FOR NONLINEAR DSGE MODELS WITH HETEROSKEDASTIC INNOVATIONS Gianni Amisano, European Central Bank Co-Author: Oreste Tristani, European Central Bank
	ESTIMATING NEW KEYNESIAN DSGE MODELS IN A LIQUIDITY TRAP USING THE MONTE CARLO PARTICLE FILTER: AN APPLICATION TO THE JAPANESE ECONOMY Koiti Yano, Komazawa University Co-Authors: Yasuyuki Iida, Komazawa University and Hajime Wago, Kyoto Sangyo University
	ESTIMATION OF QUASI-RATIONAL DSGE MONETARY MODELS Luca Fanelli, University of Bologna
	ESTIMATION OF MOMENT-BASED MODELS WITH LATENT VARIABLES Raffaella Giacomini, UCL Economics

14:15 - 16:15

NONPARAMETRIC ESTIMATION II (ECO)
Chairperson: Arthur Lewbel, Boston College

Room 5E

	FUNCTIONAL PRINCIPAL COMPONENT ANALYSIS OF DENSITY FAMILIES WITH CATEGORICAL AND CONTINUOUS DATA ON CANADIAN ENTRANT MANUFACTURING FIRMS Kim Huynh, Indiana University Co-Authors: Kim Huynh, Indiana University , David Jacho-Ch�vez, Indiana University, Robert Petrunia, and Marcel C. Voia,
	K-NEAREST NEIGHBOUR ESTIMATION OF INVERSE-DENSITY-WEIGHTED EXPECTATIONS WITH DEPENDENT DATA David Jacho-Ch�vez, Indiana University Co-Author: Ba Chu, Carleton University
	NONPARAMETRIC REGRESSION WITH NONPARAMETRICALLY GENERATED COVARIATES Melanie Schienle, Humboldt-Universitaet zu Berlin Co-Authors: Enno Mammen, and Christoph Rothe, Toulouse School of Economics
	NONPARAMETRIC IDENTIFICATION OF A BINARY RANDOM FACTOR IN CROSS SECTION DATA Arthur Lewbel, Boston College Co-Author: Yingying Dong, California State University Fullerton

14:15 - 16:15

ECONOMETRICS OF GAMES (ECO)
Chairperson: Pedro Mira, CEMFI

Room 5F

	ESTIMATION OF DYNAMIC DISCRETE GAMES WHEN PLAYERS' BELIEFS ARE NOT IN EQUILIBRIUM Victor Aguirregabiria, University of Toronto Co-Author: Arvind Magesan, University of Toronto
	SEMIPARAMETRIC ESTIMATION OF BINARY DECISION GAMES OF INCOMPLETE INFORMATION WITH CORRECTED PRIVATE SIGNALS Yuanyuan Wan, Co-Author: Haiqing Xu, Economics Department, Pennsylvania State University
	SEMI-PARAMETRIC LIKELIHOOD INFERENCE FOR WORST CASE DYNAMIC DISCRETE GAMES Zhengyuan Gao, University of Amsterdam Co-Author: Kees Jan van Garderen, University of Amsterdam
	STRUCTURAL ESTIMATION AND COUNTERFACTUAL EXPERIMENTS IN GAMES WHEN THE DATA COME FROM MULTIPLE EQUILIBRIA Pedro Mira, CEMFI Co-Author: Victor Aguirregabiria, University of Toronto

14:15 - 16:15

WEAK IDENTIFICATION (ECO)
Chairperson: Jean-Marie Dufour, McGill University

Room 5H

	WEAK INSTRUMENTS AND THE FIRST STAGE F-STATISTIC IN IV MODELS WITH A NONSCALAR ERROR COVARIANCE STRUCTURE Maurice Bun, University of Amsterdam Co-Author: Monique De Haan, University of Amsterdam
	SPECIFICATION TESTS FOR STRONG IDENTIFICATION Bertille Antoine, Simon Fraser University Co-Author: Eric Renault,
	ESTIMATION AND INFERENCE WITH WEAK IDENTIFICATION Xu Cheng, University of Pennsylvania Co-Author: Donald Andrews, Yale University
	EXOGENEITY TESTS, WEAK IDENTIFICATION AND IV ESTIMATION: IS THE CURE WORSE THAN THE ILLNESS ? Jean-Marie Dufour, McGill University Co-Author: Firmin Doko, Universite de Montreal

14:15 - 16:15

SPECIFICATION TESTING (ECO)
Chairperson: Aman Ullah, University Of California, Riverside

Room 5I

	CONSISTENT MODEL SPECIFICATION TESTING Andreea Halunga, University of Exeter Co-Author: James Davidson, University of Exeter
	FUNCTIONAL COEFFICIENT REGRESSION MODELS WITH TIME TREND Qi Li, Texas A&M University Co-Author: Zhongwen Liang, Texas A&M University
	NONPARAMETRIC SPECIFICATION TESTS FOR CONTINUOUS-TIME STOCHASTIC VOLATILITY MODELS BASED ON VOLATILITY DENSITY Yang Zu, University of Amsterdam
	A NONPARAMETRIC GOODNESS-OF FIT BASED TEST FOR CONDITIONAL HETEROSKEDASTICITY Aman Ullah, University Of California, Riverside Co-Author: Liangjun Su, Singapore Management University

14:15 - 16:15

APPLIED BAYESIAN INFERENCE (ECO)
Chairperson: Nicholas Kiefer, Cornell University

Room 5J

	A VEHICLE OWNERSHIP AND UTILIZATION CHOICE MODEL WITH ENDOGENOUS RESIDENTIAL DENSITY David Brownstone, University of California, Irvine Co-Author: Hao (Audrey) Fang, Cornerstone Research, San Francisco, California, USA
	A STOCHASTIC FRONTIER MODEL FOR DISCRETE ORDINAL OUTCOMES: A HEALTH PRODUCTION FUNCTION Xueyan Zhao, Monash University Co-Authors: William Griffiths, University of Melbourne and Xiaohui Zhang, Monash University
	MONETARY VALUATION OF INFORMAL CARERS' NEEDS USING A DISCRETE CHOICE EXPERIMENT: A BAYESIAN APPROACH Gu Yuanyuan, School of Economics, University of New South Wales Co-Authors: Denzil Fiebig, School of Economics, University of New South Wales, Jane Hall, Centre for Health Economics Research & Evaluation, University of Technology Sydney and Robert Kohn, School of Economics, University of New South Wales
	INCENTIVE-COMPATIBLE ELICITATION OF QUANTILES Nicholas Kiefer, Cornell University

16:45 - 18:15

PLENARY SESSION

16:45 - 18:15

PRESIDENTIAL ADDRESS
Chairperson: Jean-Charles Rochet, Universty of Zurich - TSE

Room Grand Ballroom

CONTAGIOUS ILLIQUIDITY
John Moore, University of Edinburgh and London School of Economics

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