ESWC 2010: Congress Programme
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WEDNESDAY 18 AUGUST 2010
09:00 - 10:45 | PAIRED INVITED SESSIONS |
11:15 - 12:45 | CONTRIBUTED SESSIONS |
13:00 - 14:00 | POLICY SESSION |
14:15 - 16:15 | CONTRIBUTED SESSIONS |
16:45 - 18:15 | PLENARY SESSION |
09:00 - 10:45 | PAIRED INVITED SESSIONS |
09:00 - 10:45 |
CONTRACTS
Chairperson: Jacques Cr�mer, Toulouse School of Economics Discussant: Johannes H�rner, Yale University |
Room Yellow River Hall |
CONTRACTS: THEORY OF DYNAMIC PRINCIPAL-AGENT RELATIONSHIPS AND
THE CONTINUOUS-TIME APPROACH
Yuliy Sannikov, Princeton University |
||
DYNAMIC FINANCIAL CONTRACTING
Bruno Biais, Toulouse School of Economics Co-Authors: Thomas Mariotti, Toulouse School of Economics and Jean-Charles Rochet, Universty of Zurich - TSE |
09:00 - 10:45 |
POLITICAL ECONOMY
Chairperson: Elhanan Helpman, Harvard University Discussant: Marco Battaglini, Princeton University |
Room Auditorium |
CONDITIONAL COMPARATIVE STATICS
James Robinson, Harvard University |
||
THE POLITICAL ECONOMY OF MASS MEDIA
David Str�mberg, Stockholm University Co-Author: Andrea Prat, London School of Economics |
09:00 - 10:45 |
MACROECONOMETRICS
Chairperson: Lucrezia Reichlin, London Business School Discussant: Harald Uhlig, University of Chicago |
Room Century Hall |
MACROECONOMICS AND VOLATILITY: DATA, MODELS, AND ESTIMATION
Jesus Fernandez-Villaverde, University of Pennsylvania and Juan Rubio-Ramirez, Duke University and Atlanta Fed |
||
ESTIMATION AND EVALUATION OF DSGE MODELS: PROGRESS AND CHALLENGES
Frank Schorfheide, University of Pennsylvania |
11:15 - 12:45 | CONTRIBUTED SESSIONS |
11:15 - 12:45 |
MATCHING II (THY)
Chairperson: Yeon-Koo Che, Columbia University |
Room Gran Melia B1 |
KNOCKING OUT THE SUPPLY AND SORTING IN CENTRALIZED JOB MARKETS
Guillaume Haeringer, Universitat Autonoma de Barcelona Co-Authors: Vincent Iehl�, Universit� Paris Dauphine and Nuria Rodriguez-Planas, Universitat Autonoma de Barcelona |
||
A THEORY OF SCHOOL CHOICE LOTTERIES
Utku Unver, Boston College Co-Author: Onur Kesten, Carnegie Mellon University |
||
IMPLEMENTING RANDOM ASSIGNMENTS: A GENERALIZATION OF THE
BIRKHOFF-VON NEUMANN THEOREM
Yeon-Koo Che, Columbia University Co-Authors: Eric Budish, University of Chicago, Booth School of Business, Fuhito Kojima, Stanford University and Paul Milgrom, Stanford University |
11:15 - 12:45 |
COMMUNICATION II (THY)
Chairperson: Elisabeth Schulte, Mannheim University |
Room Gran Melia B3 |
STRATEGIC PRIVATE EXPERIMENTATION
Mike Felgenhauer, Mannheim University Co-Author: Elisabeth Schulte, Mannheim University |
||
EXPERT EXPERIMENTATION
Nicolas Klein, University of Munich Co-Author: Tymofiy Mylovanov, Penn State University |
||
PRESELECTION AND EXPERT ADVICE
Elisabeth Schulte, Mannheim University Co-Author: Mike Felgenhauer, Mannheim University |
11:15 - 12:45 |
MECHANISM DESIGN I (THY)
Chairperson: Heski Bar-Isaac, Stern School of Business, NYU |
Room Gran Melia B4 |
IMPERFECT PRIVATE INFORMATION AND THE DESIGN OF
INFORMATION�GENERATING MECHANISMS
Frank Rosar, University of Bonn Co-Author: Elisabeth Schulte, Mannheim University |
||
A SIMPLE STATUS QUO THAT ASSURES PARTICIPATION (WITH APPLICATION
TO EFFICIENT BARGAINING)
Ilya Segal, Stanford University Co-Author: Michael Whinston, Northwestern University |
||
INFORMATION AND HUMAN CAPITAL MANAGEMENT
Heski Bar-Isaac, Stern School of Business, NYU Co-Authors: Ian Jewitt, Nuffiled College, University of Oxford and Clare Leaver, University of Oxford |
11:15 - 12:45 |
AUCTIONS II (THY)
Chairperson: Georgios Katsenos, Leibniz University of Hannover |
Room Gran Melia F1 |
WEAK CARTELS AND OPTIMAL AUCTIONS
Jinwoo Kim, School of Economics, Yonsei University Co-Authors: Yeon-Koo Che, Columbia University and Danele Condorelli, Northwestern University |
||
CORE-SELECTING AUCTIONS WITH INCOMPLETE INFORMATION
Lawrence Ausubel, University of Maryland Co-Author: Oleg Baranov, University of Maryland |
||
OPTIMAL RESERVE PRICES IN SEQUENTIAL AUCTIONS WITH IMPERFECT
COMMITMENT
Georgios Katsenos, Leibniz University of Hannover |
11:15 - 12:45 |
BARGAINING II (THY)
Chairperson: Pontus Rendhal, University of California at Davis |
Room Gran Melia F2 |
ONE-TO-MANY BARGAINING WITH ENDOGENOUS PROTOCOL
Duozhe Li, Chinese University of Hong Kong |
||
SEARCHING A BARGAIN: PLAY IT COOL OR HAGGLE
Selcuk Ozyurt, Sabanci University |
||
RECURSIVE BARGAINING WITH ENDOGENOUS PARTICIPATION
Pontus Rendhal, University of California at Davis Co-Author: Ramon Marimon, European University Institute & Universitat Pompeu Fabra |
11:15 - 12:45 |
EXPERIMENTS AND MARKET OUTCOMES I (EXP)
Chairperson: Jason Shachat, WISE, Xiamen University |
Room Gran Melia F5 |
THE EXPERIMENTAL ECONOMICS OF CREDENCE GOODS: NON-STANDARD
PREFERENCES AND THE ROLE OF LIABILITY, VERIFIABILITY, REPUTATION AND
COMPETITION
Uwe Dulleck, QUT Co-Authors: Rudolf Kerschbamer, University of Innsbruck and Matthias Sutter, University of Innsbruck |
||
OUT-OF EQUILIBRIUM BIDS IN AUCTIONS - WRONG EXPECTATIONS OR WRONG
BIDS
J. Philipp Reiss, Maastricht University Co-Author: Oliver Kirchkamp, University of Jena |
||
PROCURING COMMODITIES: REQUEST FOR QUOTE OR REVERSE AUCTIONS?
Jason Shachat, WISE, Xiamen University |
11:15 - 12:45 |
FINANCE AND THE FIRM I (FIN)
Chairperson: Piero Gottardi, European University Institute |
Room 5A |
SHARE AUCTIONS AND THE DIVISION OF VALUE IN CORPORATE
REORGANIZATIONS
Gustav Sigurdsson, University of Pennsylvania |
||
INCENTIVES TO INNOVATE AND THE DECISION TO GO PUBLIC OR PRIVATE
Andre Silva, Universidade Nova de Lisboa, Faculdade de Economia Co-Authors: Daniel Ferreira, Department of Finance, London School of Economics and Gustavo Manso, MIT Sloan School of Management |
||
EQUILIBRIUM CORPORATE FINANCE
Piero Gottardi, European University Institute Co-Authors: Alberto Bisin, New York University and Guido Ruta, New York University and European University Institute |
11:15 - 12:45 |
CREDIT MARKETS II (FIN)
Chairperson: Jan Schrader, University of Heidelbreg |
Room 5G |
RELATIONSHIP LENDING IN A FINANCIAL TURMOIL
Enrico Sette, Bank of Italy |
||
INFORMATION SHARING AND CROSS-BORDER ENTRY IN EUROPEAN BANKING
Caterina Giannetti, GSBC Jena, University of Siena Co-Authors: Nicola Jentzsch, DIW Berlin and Giancarlo Spagnolo, EIEF, University of Tor Vergata, SITE Stockholm |
||
RELATIONSHIP LENDING IN TIMES OF CRISES: WHAT ABOUT DEFAULT AND
INTEREST RATES?
Jan Schrader, University of Heidelbreg Co-Author: Gunhild Berg, |
11:15 - 12:45 |
RETURNS (FIN)
Chairperson: Rene Garcia, EDHEC |
Room Pearl Hall |
TIME-VARYING COINTEGRATION RELATIONSHIP BETWEEN DIVIDENDS AND
STOCK PRICE
Cheolbeom Park, Korea University Co-Author: Chang-Jin Kim, Korea University and University of Washington |
||
DOES BETA MOVE WITH NEWS? FIRM-SPECIFIC INFORMATION FLOWS AND
LEARNING ABOUT PROFITABILITY
Andrew Patton, Duke University Co-Author: Michela Verardo, London School of Economics |
||
A LONG-HORIZON PERSPECTIVE ON THE CROSS-SECTION OF EXPECTED
RETURNS
Rene Garcia, EDHEC Co-Author: Abraham LIOUI, Edhec Business School |
11:15 - 12:45 |
MARKETS WITH SEARCH OR SWITCHING COSTS: THEORY (IND)
Chairperson: Wilfried Sand-Zantman, Toulouse School of Economics |
Room Gran Melia B2 |
CONDITIONING PRICES ON SEARCH BEHAVIOR
Jidong Zhou, Department of Economics, UCL, London Co-Author: Mark Armstrong, Department of Economics, UCL, London |
||
TARGETING WITH CONSUMER SEARCH : AN ECONOMIC ANALYSIS OF
KEYWORDS ADVERTISING
Alexandre de Corniere, Paris School of Economics |
||
MOBILE CALL TERMINATION REVISITED
Wilfried Sand-Zantman, Toulouse School of Economics Co-Authors: Bruno Jullien, Toulouse School of Economics (IDEI and GREMAQ) and Patrick Rey, Toulouse School of Economics |
11:15 - 12:45 |
COMPETITION AND PRICING: EMPIRICAL STUDIES II (IND)
Chairperson: Saul Lach, The Hebrew University |
Room Gran Melia F3 |
DO AUCTIONS AND FORCED DIVESTITURES INCREASE COMPETITION?
EVIDENCE FOR RETAIL GASOLINE MARKETS
Adriaan Soetevent, University of Amsterdam Co-Authors: Marco Haan, University of Groningen and Pim Heijnen, University of Amsterdam |
||
REFUND PREMIUM: EVIDENCE FROM THE AIRLINE INDUSTRY
Seongman Moon, Universidad Carlos III de Madrid Co-Author: Makoto Watanabe, Universidad Carlos III de Madrid |
||
ASYMMETRIC PRICE EFFECTS OF COMPETITION
Saul Lach, The Hebrew University Co-Author: Jose Luis Moraga-Gonz�lez, University of Groningen |
11:15 - 12:45 |
EXPORT DYNAMICS II (INT)
Chairperson: Gonzague Vannoorenberghe, Tilburg University |
Room 3C |
THE OPPORTUNITY COST OF EXPORTING
Joel Rodrigue, Vanderbilt University Co-Author: Young-Woo Rho, Vanderbilt University |
||
MACRO-HEDGING FOR COMMODITY EXPORTERS
Damiano Sandri, International Monetary Fund Co-Author: Olivier Jeanne, Johns Hopkins University |
||
FIRM-LEVEL VOLATILITY AND EXPORTS
Gonzague Vannoorenberghe, Tilburg University |
11:15 - 12:45 |
QUANTITATIVE MODELS OF FDI (INT)
Chairperson: Jiandong Ju, Tsinghua University |
Room 3D |
THE "PROXIMITY-CONCENTRATION" TRADEOFF IN A RISKY ENVIRONMENT
Veronica Rappoport, Columbia Business School Co-Authors: Natalia Ramondo, UT Texas and Kim Ruhl, NYU Stern |
||
RISK, RETURNS, AND MULTINATIONAL PRODUCTION
Stefania Garetto, Boston University Co-Author: Jose Luis Fillat, Federal Reserve Bank of Boston |
||
FACTOR MARKET FRICTIONS, TRADE LIBERALIZATIONS AND CAPITAL FLOWS
Jiandong Ju, Tsinghua University Co-Author: Shang-Jin Wei, Columbia University |
11:15 - 12:45 |
HEALTH II (LAB)
Chairperson: James Ziliak, University of Kentucky |
Room 5D |
INDIVIDUAL INCOME AND REMAINING LIFE EXPECTANCY AT THE STATUTORY
RETIREMENT AGE OF 65 IN THE NETHERLANDS
Adriaan Kalwij, Utrecht University & Tilburg University |
||
THE RELATIONSHIP BETWEEN EDUCATION AND SMOKING: EVIDENCE FROM A
LIFE-CYCLE MODEL
Kevin Thom, New York University Co-Author: Steffen Reinhold, MEA, University of Mannheim |
||
HEALTH, HUMAN CAPITAL ACCUMULATION, AND LIFE CYCLE LABOR SUPPLY
James Ziliak, University of Kentucky Co-Author: Charles Hokayem, University of Kentucky |
11:15 - 12:45 |
FAMILIES AND INEQUALITY (LAB)
Chairperson: Lidia Farr�, IAE-CSIC |
Room 5E |
THE PRICE AND WELFARE DEPENDENCE OF EQUIVALENCE SCALES: EVIDENCE
FROM INDONESIA
Joppe De Ree, University of Groningen Co-Authors: Rob Alessie, Groningen University and menno pradhan, |
||
RICH DAD, SMART DAD: DECOMPOSING THE INTERGENERATIONAL
TRANSMISSION OF INCOME
Lars Lefgren, Brigham Young University Co-Authors: Matthew J. Lindquist, Department of Economics, Stockholm University and David Sims, Brigham Young University |
||
DOES INCREASING PARENTS' SCHOOLING RAISE THE SCHOOLING OF THE
NEXT GENERATION? EVIDENCE BASED ON CONDITIONAL SECOND MOMENTS
Lidia Farr�, IAE-CSIC Co-Authors: Klein Roger, Rutgers and Francis Vella, Georgetown |
11:15 - 12:45 |
HUMAN CAPITAL (LAB)
Chairperson: Sebastian Buhai, Northwestern University and Aarhus University |
Room 5J |
EXPLAINING PERSONALITY PAY GAPS IN THE UK
Alita Nandi, ISER, UNIVERSITY OF ESSEX Co-Author: Cheti Nicoletti, ISER, University of Essex |
||
NONPARAMETRIC BOUNDS ON RETURNS TO EDUCATION IN SOUTH AFRICA:
OVERCOMING ABILITY AND SELECTION BIAS
Martine Mariotti, Australian National University Co-Author: Juergen Mienecke, Australian National University |
||
JOB HAZARD PAY AND WORKER RISK ATTITUDES
Sebastian Buhai, Northwestern University and Aarhus University Co-Author: Elena Cottini, Catholic University Milan |
11:15 - 12:45 |
ESTIMATION OF DSGE MODELS (MAX)
Chairperson: Efrem Castelnuovo , University of Padua |
Room Century Hall |
FORTUNE OR VIRTUE: TIME-VARIANT VOLATILITIES VERSUS PARAMETER
DRIFTING IN U.S. DATA
Pablo Guerron, Philadelphia Federal Reserve Bank Co-Authors: Jesus Fernandez-Villaverde, University of Pennsylvania and Juan Rubio-Ramirez, Duke University |
||
BAYESIAN ESTIMATION OF A DSGE MODEL WITH ASSET PRICES
Martin Kliem, Deutsche Bundesbank Co-Author: Harald Uhlig, University of Chicago |
||
MONETARY POLICY SHOCKS, CHOLESKI IDENTIFICATION, AND DNK MODELS:
AN EMPIRICAL INVESTIGATION FOR THE U.S.
Efrem Castelnuovo , University of Padua |
11:15 - 12:45 |
TAXATION AND MACROECONOMICS I (MAX)
Chairperson: Jonathan Heathcote, Federal Reserve Bank of Minneapolis |
Room Yellow River Hall |
TAXATION OF HUMAN CAPITAL AND WAGE INEQUALITY: A CROSS-COUNTRY
ANALYSIS
Serdar Ozkan, University of Pennsylvania Co-Authors: Fatih Guvenen, University of Minnesota and Burhan Kuruscu, University of Texas at Austin |
||
LUMPY INVESTMENT AND CORPORATE TAX POLICY
Pengfei Wang, Hong Kong University of Science and Technology Co-Author: Jianjun Miao, Boston University |
||
REDISTRIBUTIVE TAXATION IN A PARTIAL INSURANCE ECONOMY
Jonathan Heathcote, Federal Reserve Bank of Minneapolis Co-Authors: Kjetil Storesletten, Federal Reserve Bank of Minneapolis and Giovanni Violante, New York University |
11:15 - 12:45 |
MACROECONOMIC MODELS OF PRICE SETTING (MAX)
Chairperson: Carlos Marques, Banco de Portugal |
Room 3E |
PRECAUTIONARY PRICE STICKINESS
Anton Nakov, Banco de Espa�a Co-Author: James Costain, Banco de Espa�a |
||
ESTIMATING THE CROSS-SECTIONAL DISTRIBUTION OF PRICE STICKINESS
FROM AGGREGATE DATA
Niels Dam, Danmarks Nationalbank Co-Author: Carlos Carvalho, Federal Reserve Bank of New York |
||
WHY ARE SOME PRICES STICKIER THAN OTHERS?
FIRM-DATA EVIDENCE ON PRICE ADJUSTMENT LAGS
Carlos Marques, Banco de Portugal Co-Authors: Daniel Dias, UCLA, Fernando Martins, Banco de Portugal and Joao Santos Silva, University of Essex |
11:15 - 12:45 |
DYNAMIC MACROECONOMIC THEORY (MAX)
Chairperson: Matthias Kredler, Universidad Carlos III Madrid |
Room 3G |
RECURSIVE EQUILIBRIA IN AN AIYAGARI STYLE ECONOMY WITH PERMANENT
INCOME SHOCKS
Moritz Kuhn, Bonn University |
||
ROBUST COMPARATIVE STATICS IN LARGE DYNAMIC ECONOMIES
Martin Jensen, University of Birmingham Co-Author: Daron Acemoglu, MIT |
||
A DYNAMIC MODEL OF ALTRUISTICALLY-MOTIVATED TRANSFERS
Matthias Kredler, Universidad Carlos III Madrid Co-Author: Barczyk Daniel, New York University |
11:15 - 12:45 |
MACROECONOMICS: THE ROLE OF SECTORS (MAX)
Chairperson: Michelle Rendall, University of Zurich |
Room 3H |
A MULTI-SECTORAL APPROACH TO THE U.S. GREAT DEPRESSION
Pedro Amaral, Federal Reserve Bank of Cleveland Co-Author: James MacGee, University of Western Ontario |
||
SECTOR-SPECIFIC TECHNICAL CHANGE
John Fernald, Federal Reserve Bank of San Francisco Co-Authors: Susanto Basu, Boston College, Jonas Fisher, Federal Reserve Bank of San Francisco and Miles Kimball, University of Michigan |
||
EXPLAINING CROSS-COUNTRY DIFFERENCES IN SERVICE SECTOR AND FEMALE
EMPLOYMENT
Michelle Rendall, University of Zurich |
11:15 - 12:45 |
ECONOMICS OF EDUCATION I (PUB)
Chairperson: Lydia Mechtenberg, WZB Berlin |
Room 3B |
THE IMPORTANCE OF RELATIVE PERFORMANCE FEEDBACK INFORMATION:
EVIDENCE FROM A NATURAL EXPERIMENT USING HIGH SCHOOL STUDENTS
Nagore Iriberri, Universitat Pompeu Fabra Co-Author: Ghazala Azmat, Universitat Pompeu Fabra |
||
DO BETTER SCHOOLS LEAD TO MORE GROWTH? COGNITIVE SKILLS,
ECONOMIC OUTCOMES, AND CAUSATION
Eric Hanushek, Stanford University |
||
MIGRATION OF THE HIGHLY SKILLED: CAN EUROPE CATCH UP WITH THE
U.S.?
Lydia Mechtenberg, WZB Berlin Co-Author: Roland Strausz, Humboldt University - Berlin |
11:15 - 12:45 |
EMPIRICAL FISCAL ANALYSIS (PUB)
Chairperson: Nadja Dwenger, Max-Planck-Institut Munich |
Room 3J |
STATES' RESPONSES TO SHORTFALLS AND WINDFALLS
Richard Boylan, Rice University |
||
TAX COMPETITION AMONG U.S. STATES: RACING TO THE BOTTOM OR RIDING
ON A SEESAW?
Daniel Wilson, Federal Reserve Bank of San Francisco Co-Author: Robert Chirinko, University of Illinois at Chicago |
||
CORPORATE TAXATION AND INVESTMENT: EXPLAINING INVESTMENT DYNAMICS
WITH FIRM-LEVEL PANEL DATA
Nadja Dwenger, Max-Planck-Institut Munich |
11:15 - 12:45 |
INTEREST GROUPS (POL)
Chairperson: Karam Kang, University of Pennsylvania |
Room 3F |
CAMPAIGN CONTRIBUTIONS OF INTEREST GROUPS: CATERING TO ONE
CANDIDATE
OR TO ALL?
Walter Novaes, Department of Economics at PUC-Rio Co-Author: Renato Gomes, Northwestern University |
||
ARE TWO BETTER THAN ONE?
COMBINING TAXES AND QUOTAS UNDER POLITICAL LOBBYING
Israel Finkelshtain, Hebrew University of Jerusalem |
||
THE PRICE OF POWER: ESTIMATING THE RETURNS TO LOBBYING IN THE
ENERGY SECTOR
Karam Kang, University of Pennsylvania |
11:15 - 12:45 |
REDISTRIBUTIVE POLITICS II (POL)
Chairperson: Seung Han Yoo, Nanyang Technological University |
Room 3I |
FISCAL CAPACITY, EDUCATION, AND DEVELOPMENT
Mauricio Prado, Cambridge University Co-Author: Mark Dincecco, IMT Lucca Institute for Advanced Studies |
||
POLITICAL COMPETITION OVER DISTORTIONARY TAXATION
Matias Nunez Rodriguez, CNRS-CERGY |
||
A THEORY ON GROUP INEQUALITY: THE NATURE OF CONFLICT
Seung Han Yoo, Nanyang Technological University |
11:15 - 12:45 |
BORROWING CONSTRAINTS AND DEVELOPMENT (DEV)
Chairperson: Jaime Ruiz-Tagle, Department of Economics, University of Chile |
Room 3A |
MORAL HAZARD AND PEER MONITORING IN A LABORATORY MICROFINANCE
EXPERIMENT
Pushkar Maitra, Monash University Co-Authors: Timothy N. Cason, Purdue University and Lata Gangadharan, Monash University |
||
THE CREDIT CONSTRAINT AND HIGHER EDUCATION IN SOUTH AFRICA
Adrien Lorenceau, Paris School of Economics Co-Authors: Marc Gurgand, PSE and Thomas MELONIO, Agence Fran�aise de D�veloppement |
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BORROWING CONSTRAINTS AND CREDIT DEMAND
Jaime Ruiz-Tagle, Department of Economics, University of Chile Co-Author: Francis Vella, Georgetown University |
11:15 - 12:45 |
SEMI/NONPARAMETRIC PANEL DATA (ECO)
Chairperson: Myoung-jae Lee, Korea University |
Room Yangtze Hall |
DYNAMIC BINARY OUTCOME MODELS WITH MAXIMAL HETEROGENEITY
Martin Browning, Oxford University |
||
ESTIMATING SEMIPARAMETRIC PANEL DATA MODELS BY MARGINAL
INTEGRATION
Junhui Qian, School of Economics \ Shanghai Jiao Tong University Co-Author: Le Wang, University of New Hampshire |
||
LOSE WEIGHT FOR MONEY ONLY IF OVER-WEIGHT: MARGINAL INTEGRATION
FOR SEMI-LINEAR PANEL MODELS
Myoung-jae Lee, Korea University Co-Author: Kamhon Kan, Academia Sinica |
11:15 - 12:45 |
MACROECONOMETRICS II (ECO)
Chairperson: Hyungsik Moon, University of Southern California |
Room 5C |
VECTOR AUTOREGRESIVE MOVING AVERAGE IDENTIFICATION FOR
MACROECONOMIC MODELING: ALGORITHMS AND THEORY
Don Poskitt, Monash University |
||
THE ANALYTICS OF THE SIGN RESTRICTION APPROACH TO SHOCK
IDENTIFICATION: A FRAMEWORK FOR UNDERSTANDING THE EMPIRICAL MACRO
PUZZLES
Christophe Kamps, European Central Bank Co-Author: Dario Caldara, IIES, Stockholm University |
||
INFERENCE FOR VARS IDENTIFIED WITH SIGN RESTRICTIONS
Hyungsik Moon, University of Southern California |
11:15 - 12:45 |
PANEL DATA (ECO)
Chairperson: Kentaro Akashi, The Institute of Statistical Mathematics |
Room 5F |
PANEL GROWTH REGRESSIONS WITH GENERAL PREDETERMINED VARIABLES:
LIKELIHOOD-BASED ESTIMATION AND BAYESIAN AVERAGING
Enrique Moral-Benito, CEMFI |
||
THE TIME SERIES AND CROSS-SECTION ASYMPTOTICS OF EMPIRICAL
LIKELIHOOD ESTIMATOR IN DYNAMIC PANEL DATA MODELS
Gunce Eryuruk, Assistant Professor |
||
THE LIMITED INFORMATION MAXIMUM LIKELIHOOD APPROACH
TO DYNAMIC PANEL STRUCTURAL EQUATIONS
Kentaro Akashi, The Institute of Statistical Mathematics Co-Author: Naoto Kunitomo, University of Tokyo |
11:15 - 12:45 |
UNIT ROOTS (ECO)
Chairperson: Morten Nielsen, Queen's University |
Room 5H |
TESTING FOR UNIT ROOTS IN THE PRESENCE OF A POSSIBLE BREAK IN
TREND AND NON-STATIONARY VOLATILITY
David Harvey, University of Nottingham Co-Authors: Giuseppe Cavaliere, University of Bologna, Stephen Leybourne, University of Nottingham and Robert Taylor, University of Nottingham |
||
UNIT ROOT TESTS WITH WAVELETS
Ramo Gencay, Simon Fraser University Co-Author: Yanqin Fan, Vanderbilt University |
||
NEARLY EFFICIENT LIKELIHOOD RATIO TESTS OF THE UNIT ROOT
HYPOTHESIS
Morten Nielsen, Queen's University Co-Author: Michael Jansson, UC Berkeley |
11:15 - 12:45 |
MEASUREMENT ERROR (ECO)
Chairperson: Asger Lunde, School of Economics and Management, Aarhus University |
Room 5I |
WELL-POSEDNESS OF MEASUREMENT ERROR MODELS FOR SELF-REPORTED DATA
Yingyao Hu, Johns Hopkins University Co-Author: Yonghong An, Johns Hopkins |
||
TWO-STEP ESTIMATION OF A SINGLE REGRESSOR ERRORS-IN-VARIABLE
MODEL WITH CORRELATED MEASUREMENT ERRORS
Qing Li, University of Lausanne |
||
ESTIMATING THE PERSISTENCE AND THE AUTOCORRELATION FUNCTION OF
A TIME SERIES THAT IS MEASURED WITH ERROR
Asger Lunde, School of Economics and Management, Aarhus University Co-Author: Peter Reinhard Hansen, Stanford University, department of Economics |
13:00 - 14:00 | POLICY SESSION |
13:00 - 14:00 |
PLENARY POLICY PANEL I
Chairperson: Sir James Mirrlees, Chinese University of Hong Kong |
Room Auditorium |
MIRRLEES REVIEW: REFORMING THE TAX SYSTEM FOR THE 21ST CENTURY
Richard Blundell, University College London, Steve Bond, University of Oxford, Roger Gordon, UCSD and Guy Laroque, INSEE-CREST and University College London |
14:15 - 16:15 | CONTRIBUTED SESSIONS |
14:15 - 16:15 |
GEOGRAPHY, CULTURE, AND GROWTH IN COMPARATIVE PERSPECTIVE (HIS)
Chairperson: William Collins, Vanderbilt University |
Room Gran Melia F5 |
CITY SEEDS: THE GEOGRAPHICAL ORIGINS OF EUROPEAN CITIES
Maarten Bosker, Groningen University / Utrecht University Co-Author: Eltjo Buringh, Utrecht University |
||
RELIGION OR KNOWLEDGE DIFFUSION: A PROTESTANT ECONOMIC HISTORY OF
CHINA, 1840-1920
Kai-sing Kung, Hong Kong University of Science & Technology Co-Author: Ying Bai, Hong Kong University of Science and Technology |
||
DIALECTS, CULTURAL IDENTITY, AND ECONOMIC EXCHANGE
Stephan Heblich, Max Planck Institute of Economics Co-Authors: Oliver Falck, Ifo Institute for Economic Research, Alfred Lameli, Research Centre Deutscher Sprachatlas and Jens Suedekum, Mercator School of Management, University of Duisburg-Essen |
||
SLUM CLEARANCE AND URBAN RENEWAL IN THE UNITED STATES, 1949 TO
1974
William Collins, Vanderbilt University Co-Author: Katharine Shester, Vanderbilt University |
14:15 - 16:15 |
COLLECTIVE AND COOPERATIVE DECISION MAKING (THY)
Chairperson: Ramon Caminal, Institut d''An�lisi Econ�mica, CSIC |
Room Century Hall |
COLLECTIVE DECISION MAKING WITH TIME PREFERENCES
Matthew Jackson, Stanford University Co-Author: Leeat Yariv, California Institute of Technology |
||
STABLE SETS IN MULTI-GOOD PILLAGE GAMES ARE SMALL
Colin Rowat, University of Birmingham Co-Authors: Alan Beardon, University of Cambridge and Colin Rowat, University of Birmingham |
||
BARGAINING, VALUES AND IMPLEMENTATION WITH COALITIONAL
EXTERNALITIES
Yuan Ju, University of York Co-Authors: Peter Borm, Tilburg University and David Wettstein, Ben-Gurion University of the Negev |
||
THREE IS A CROWD: A NEW COOPERATIVE SOLUTION CONCEPT FOR
THREE-PLAYER GAMES THAT TAKES PARALLEL, BILATERAL NEGOTIATIONS TO THE
CENTER STAGE
Ramon Caminal, Institut d''An�lisi Econ�mica, CSIC Co-Author: Roberto Burguet, Institute for Economic Analysis (CSIC) |
14:15 - 16:15 |
INSURANCE (THY)
Chairperson: Hanming Fang, University of Pennsylvania |
Room 3A |
ENDOGENOUS INSOLVENCY RISK IN INSURANCE MARKETS WITH ASYMMETRIC
INFORMATION
Wanda Mimra, University of Cologne Co-Author: Achim Wambach, University of Cologne |
||
OPTIMAL INSURANCE WITH ADVERSE SELECTION
Edward Schlee, Arizona State University Co-Author: Hector Chade, Arizona State University |
||
EFFICIENT INTERTEMPORAL ALLOCATION
Eiichiro Kazumori, SUNY Co-Author: Robert Wilson, Stanford University |
||
HOW DOES LIFE SETTLEMENT AFFECT THE PRIMARY LIFE INSURANCE
MARKET?
Hanming Fang, University of Pennsylvania Co-Author: Edward Kung, Duke University |
14:15 - 16:15 |
MECHANISM DESIGN II (THY)
Chairperson: John Ledyard, Caltech |
Room 3C |
MULTI-DIMENSIONAL MECHANISMS WITH ONE-DIMENSIONAL ALLOCATION
SPACE
Severinov Sergei, University of Brtish Columbia Co-Author: Raymond Deneckere, University of Wisconsin |
||
OPTIMAL SELLING MECHANISMS ON INCENTIVE GRAPHS
Itai Sher, University of Minnesota Co-Author: Rakesh Vohra, Northwestern University |
||
ROBERTS' THEOREM WITH NEUTRALITY: A SOCIAL WELFARE ORDERING
APPROACH
Debasis Mishra, Indian Statistical Institute Co-Author: Arunava Sen, Indian Statistical Institute |
||
NEUROMETRICALLY AUGMENTED MECHANISMS OVERCOME FUNDAMENTAL
IMPOSSIBILITY RESULTS IN MECHANISM DESIGN
John Ledyard, Caltech Co-Authors: Colin Camerer, California Institute of Technology, Ian Krajbich, Caltech and Antonio Rangel, |
14:15 - 16:15 |
DECISION THEORY II (THY)
Chairperson: Agatha Murgoci, Copenhagen Busines School |
Room 3D |
REVEALED ATTENTION
Daisuke Nakajima, University of Michigan Co-Authors: Yusufcan Mastlioglu, and Erkut Ozbay, |
||
MENU-DEPENDENT SELF-CONTROL
Norio Takeoka, Faculty of Economics, Yokohama National University Co-Author: jawwad Noor, Department of Economics, Boston University |
||
TEMPTATION, ATTRACTION, AND COMPROMISE
Madhav Chandrasekher, Arizona State University |
||
A GENERAL THEORY OF MARKOVIAN TIME INCONSISTENT STOCHASTIC
CONTROL PROBLEMS
Agatha Murgoci, Copenhagen Busines School Co-Author: Tomas Bjork, Stockholm School of Economics |
14:15 - 16:15 |
COMMUNICATION III (THY)
Chairperson: Andreas Blume, University of Pittsburgh |
Room 3I |
COMMUNICATION, TIMING, AND COMMON LEARNING
Jakub Steiner, Northwestern University Co-Author: colin stewart, Toronto university |
||
WAIT AND SEE: A THEORY OF COMMUNICATION OVER TIME
Peter Eso, University of Oxford Co-Author: Fong Yuk-fai, Northwestern University |
||
IMPLEMENTATION WITH EVIDENCE: COMPLETE INFORMATION
Navin Kartik, Columbia University Co-Author: Olivier Tercieux, Paris School of Economics |
||
LANGUAGE BARRIERS
Andreas Blume, University of Pittsburgh |
14:15 - 16:15 |
INDIVIDUAL CHOICE BEHAVIOR: MODELS AND EXPERIMENTS (EXP)
Chairperson: Xiaojian Zhao, Hong Kong University of Science and Technology - University of Mannheim |
Room 3B |
TEMPTATION AND COMMITMENT IN THE LABORATORY
Joachim Winter, University of Munich Co-Authors: Daniel Houser, George Mason University, Daniel Schunk, Department of Economics, University of Zurich and Erte Xiao, Carnegie Mellon University |
||
A FLEXIBLE TEST FOR PRESENT BIAS AND TIME PREFERENCES USING
GROUND LEASE CONTRACTS
Aico van Vuuren, VU University Amsterdam Co-Author: Pieter Gautier, VU University Amsterdam |
||
GETTING IT RIGHT THE FIRST TIME: BELIEF ELICITATION WITH NOVICE
PARTICIPANTS
Daniel Houser, George Mason University Co-Author: Li Hao, Economics, George Mason University |
||
SELF-ESTEEM, SHAME AND PERSONAL MOTIVATION
Xiaojian Zhao, Hong Kong University of Science and Technology - University of Mannheim Co-Author: Roberta Dessi, Toulouse School of Economics (GREMAQ and IDEI) and CEPR |
14:15 - 16:15 |
CONTRACT THEORY II (FIN)
Chairperson: Lei Lu, Shanghai University of Finance and Economics |
Room 5A |
SOCIAL VALUE OF INFORMATION IN A LEVERED ECONOMY
VITO GALA, LONDON BUSINESS SCHOOL Co-Author: Paolo Volpin, London Business School |
||
OPTIMAL RESOLUTION OF FINANCIAL DISTRESS: A DYNAMIC CONTRACTING
APPROACH
Thi Quynh Anh Vo, Central Bank of Norway |
||
LEARNING IN DYNAMIC INCENTIVE CONTRACTS
Yuliy Sannikov, Princeton University Co-Author: Peter DeMarzo, Stanford University |
||
ENFORCEMENT AND THE EFFECTIVENESS OF LAWS AND REGULATIONS
Lei Lu, Shanghai University of Finance and Economics Co-Authors: Ke Li, Shanghai University of Finance and Economics and Jun Qian, Boston College |
14:15 - 16:15 |
FINANCE AND THE FIRM II (FIN)
Chairperson: Morten Bennedsen, INSEAD |
Room 5B |
THE IMPACT OF FOREIGN GOVERNMENT INVESTMENTS: SOVEREIGN WEALTH
FUND INVESTMENTS IN THE U.S.
Elvira Sojli, RSM, Erasmus University Co-Author: Wing Wah Tham, ESE, Erasmus University |
||
INTEREST RATES IN TRADE CREDIT MARKETS
Humberto Moreira, Funda��o Getulio Vargas Co-Authors: Klenio Barbosa, Toulouse School of Economics and Walter Novaes, Department of Economics at PUC-Rio |
||
WHY ARE FAMILY FIRMS SO SMALL?
Laurent Bach, Paris School of Economics |
||
POLITICAL REFORMS AND THE CAUSAL IMPACT OF BLOOD- RELATED
POLITICIANS ON CORPORATE PERFORMANCE IN THE WORLD�S LEAST CORRUPT
SOCIETY
Morten Bennedsen, INSEAD Co-Author: Mario D Amore, INSEAD |
14:15 - 16:15 |
ASSET PRICING III (FIN)
Chairperson: Hengjie Ai, Fuqua School of Business, Duke |
Room 5C |
CROSS-SECTIONAL ASSET PRICING PUZZLES: AN EQUILIBRIUM PERSPECTIVE
Scott Cederburg, Univ of Iowa Co-Authors: Doron Avramov, Univ of Maryland and Satadru Hore, Federal Reserve Bank of Boston |
||
OPTIMAL PORTFOLIO ALLOCATIONS WITH HEDGE FUNDS
Jerome Detemple, Boston University Co-Authors: Rene Garcia, EDHEC and Marcel Rindisbacher, Boston University |
||
A STOCHASTIC DISCOUNT FACTOR APPROACH TO ASSET PRICING USING
PANEL DATA ASYMPTOTICS
Joao Issler, Graduate School of Economics -- EPGE, Getulio Vargas Foundation Co-Author: Fabio Araujo, Princeton University |
||
TOWARD A QUANTITATIVE GENERAL EQUILIBRIUM ASSET PRICING MODEL
WITH
INTANGIBLE CAPITAL
Hengjie Ai, Fuqua School of Business, Duke Co-Author: Mariano Croce, UNC, Chapel Hill |
14:15 - 16:15 |
AUCTIONS: EMPIRICAL MODELS (IND)
Chairperson: Francesco Decarolis, University of Wisconsin Madison |
Room 3E |
SEMIPARAMETRIC ESTIMATION IN MODELS OF FIRST-PRICE, SEALED-BID
AUCTIONS WITH AFFILIATION
Timothy Hubbard, Texas Tech University Co-Authors: Tong Li, Vanderbilt University and Harry Paarsch, The University of Melbourne |
||
NONPARAMETRIC METHODS FOR ASCENDING AUCTIONS WITH UNOBSERVED
HETEROGENEITY
Daniel Quint, University of Wisconsin Co-Authors: Andres Aradillas-Lopez, University of Wisconsin, Madison and Amit Gandhi, University of Wisconsin |
||
AFFILIATION AND ENTRY IN FIRST-PRICE AUCTIONS WITH HETEROGENEOUS
BIDDERS
Bingyu Zhang, National University of Singapore Co-Author: Tong Li, Vanderbilt University |
||
WHEN THE HIGHEST BIDDER LOSES THE AUCTION: THEORY AND EVIDENCE
FROM PUBLIC PROCUREMENT
Francesco Decarolis, University of Wisconsin Madison |
14:15 - 16:15 |
PRINCIPLE-AGENT RELATIONSHIPS: THEORY (IND)
Chairperson: Fr�d�ric Loss, Conservatoire National des Arts et M�tiers |
Room 3J |
WHO DECIDES ABOUT CHANGE AND RESTRUCTING IN ORGANIZATIONS?
Andrew Wait, University of Sydney Co-Author: Kieron Meagher, Australian National University |
||
FREE-RIDING IN PROCUREMENT DESIGN
Klenio Barbosa, Toulouse School of Economics |
||
TRADE OF BAD REPUTATION AND COST OF CORPORATE CONTROL
Fong Yuk-fai, Northwestern University Co-Authors: Pak Hung Au, Northwestern University and Jin Li, |
||
PROJECT CHOICES BY WAGE-EARNERS WILLING TO BECOME ENTREPRENEURS
Fr�d�ric Loss, Conservatoire National des Arts et M�tiers Co-Author: Antoine Renucci, UPPA |
14:15 - 16:15 |
ECONOMIC GEOGRAPHY (INT)
Chairperson: Daniel Sturm, London School of Economics |
Room Gran Melia B1 |
A SPATIAL NETWORK APPROACH TO URBAN CONFIGURATIONS
Fan-chin Kung, City University of Hong Kong Co-Author: Ping Wang, Washington University in St. Louis |
||
ENTREPRENEURIAL LAND DEVELOPERS:
LOCAL EXTERNALITIES AND MIXED HOUSING DEVELOPMENTS
Hideo Konishi, Boston College |
||
THE GEOGRAPHY OF CONSUMER PRICES
Attila Ratfai, Central European University Co-Author: Adam Reiff, National Bank of Hungary |
||
THE ECONOMICS OF DENSITY: EVIDENCE FROM THE
BERLIN WALL
Daniel Sturm, London School of Economics Co-Authors: Gabriel Ahlfeldt, London School of Economics, Stephen Redding, Princeton University and Nikolaus Wolf, Warwick University |
14:15 - 16:15 |
INTERNATIONAL MACROECONOMICS II (INT)
Chairperson: Mingyi Kang, Department of Economics, University of Minnesota |
Room Gran Melia F2 |
FINANCIAL FRICTIONS, FINANCIAL INTEGRATION AND THE INTERNATIONAL
PROPAGATION OF SHOCKS
Giovanni Lombardo, European Central bank Co-Author: Luca Dedola, European Central Bank |
||
FRICTIONS, HETEROGENEOUS PREFERENCES AND INTERNATIONAL
CONSUMPTION RISK SHARING
Meixin Guo, University of California, Davis |
||
COINTEGRATED TFP PROCESSES AND INTERNATIONAL BUSINESS CYCLES
Pau Rabanal, International Monetary Fund Co-Authors: Juan Rubio-Ramirez, Duke University and Atlanta Fed and Vicente Tuesta, CENTRUM Catolica |
||
LEADING AND LAGGING RELATIONSHIPS IN INTERNATIONAL BUSINESS
CYCLES
Mingyi Kang, Department of Economics, University of Minnesota |
14:15 - 16:15 |
EARLY CHILDHOOD INTERVENTIONS (LAB)
Chairperson: Gabriella Conti, University of Chicago |
Room Yellow River Hall |
UNDERSTANDING THE MECHANISMS THROUGH WHICH AN INFLUENTIAL EARLY
CHILDHOOD PROGRAM BOOSTED ADULT OUTCOMES
Peter Savelyev, The University of Chicago, Department of Economics Co-Authors: James Heckman, University of Chicago, Lena Malofeeva, University of Arizona and Pinto Rodrigo, University of Chicago |
||
THE IMPACT OF IODINE DEFICIENCY ERADICATION ON SCHOOLING:
EVIDENCE FROM THE INTRODUCTION OF IODIZED SALT IN SWITZERLAND
Dimitra Politi, University of Edinburgh |
||
A STRUCTURAL MODEL OF CHILD CARE CHOICES, MATERNAL TIME AND
CHILD�S COGNITIVE DEVELOPMENT FOR SINGLE MOTHERS IN THE U.S.
Raquel Bernal, Universidad de los Andes Co-Author: Michael Keane, University of Technology Sydney |
||
EARLY ENDOWMENTS, EDUCATION AND HEALTH
Gabriella Conti, University of Chicago Co-Authors: James Heckman, University of Chicago and Sergio Urzua, Northwestern University |
14:15 - 16:15 |
HEALTH III (LAB)
Chairperson: Enrica Croda, Ca' Foscari University of Venice |
Room 3H |
THE EFFECT OF JOB LOSS DUE TO PLANT CLOSURE ON MORTALITY AND
HOSPITALIZATION
Eskil Heinesen, Danish Institute of Governmental Research Co-Author: Martin Browning, Oxford University |
||
THE EFFECT OF PRIVATE HEALTH INSURANCE ON MEDICAL CARE
UTILIZATION AND SELF-ASSESSED HEALTH IN GERMANY
Patrick Hullegie, Tilburg University Co-Author: Tobias Klein, Tilburg University |
||
THE IMPACT OF COMPETITION ON MANAGEMENT PRACTICES IN PUBLIC
HOSPITALS
Seiler Stephan, London School of Economics Co-Authors: Nicholas Bloom, Stanford University, Carol Propper, Imperial College, CMPO University of Bristol, CEPR and John Van Reenen, London School of Economics |
||
DISABILITY INSURANCE AND HEALTH IN EUROPE AND THE US
Enrica Croda, Ca' Foscari University of Venice Co-Author: JONATHAN SKINNER, DARTMOUTH COLLEGE - DEPARTMENT OF ECONOMICS |
14:15 - 16:15 |
RETIREMENT (LAB)
Chairperson: Maria Casanova, UCLA |
Room Pearl Hall |
CAREGIVING TO ELDERLY PARENTS AND EMPLOYMENT STATUS OF EUROPEAN
MATURE WOMEN
Laura Crespo, CEMFI Co-Author: Pedro Mira, CEMFI |
||
CHANGES IN CONSUMPTION AT RETIREMENT: EVIDENCE FROM PANEL DATA
Emma Aguila, RAND Co-Authors: Orazio Attanasio, UCL and Costas Meghir, UCL |
||
RETIREMENT RESPONSES TO A GENEROUS PENSION REFORM: EVIDENCE FROM A
NATURAL EXPERIMENT IN EASTERN EUROPE
Alexander Danzer, Royal Holloway, University of London, UK |
||
THE WAGE PROCESS OF OLDER WORKERS
Maria Casanova, UCLA |
14:15 - 16:15 |
GROWTH EMPIRICS (MAX)
Chairperson: Fabrice Murtin, OECD |
Room Gran Melia B2 |
ON THE CONDITIONAL EFFECT OF IMF PROGRAM PARTICIPATION ON
ECONOMIC GROWTH
Michael Binder, Goethe University Frankfurt, Chair for International Macroeconomics & Macroeconometrics |
||
AN ECONOMETRIC APPROACH TO THE CONSTRUCTION OF COMPLETE PANELS OF
PURCHASING POWER PARITIES: ANALYTICAL PROPERTIES AND EMPIRICAL RESULTS
Alicia Rambaldi, The University of Queensland Co-Authors: Howard Doran, The University of Queensland and D. S. Prasada Rao, The University of Queensland |
||
A CONTRIBUTION TO THE SCHUMPETERIAN GROWTH THEORY AND EMPIRICS
Cem Ertur, LEO - Universit� d'Orl�ans Co-Author: Wilfried Koch, LEG - Universit� de Bourgogne |
||
THE RELATIONSHIP BETWEEN HEALTH AND GROWTH
Fabrice Murtin, OECD Co-Authors: Philippe Aghion, Harvard University and Peter Howitt, Brown University |
14:15 - 16:15 |
DYNAMIC TAXATION (MAX)
Chairperson: Yang Lu, European University Institute |
Room Gran Melia B4 |
A CHARACTERIZATION OF OPTIMAL CONTRACTS WITH ONE-SIDED COMMITMENT
Yuzhe Zhang, Economics Department, University of Iowa |
||
OPTIMAL TAXATION AND CONSTRAINED INEFFICIENCY IN AN
INFINITE-HORIZON ECONOMY WITH INCOMPLETE MARKETS
Tomoyuki Nakajima, Kyoto University Co-Authors: Piero Gottardi, European University Institute and Atsushi Kajii, Kyoto University |
||
OPTIMAL DYNAMIC TAXES
Maxim Troshkin, University of Minnesota Co-Authors: Mike Golosov, and Aleh Tsyvinski, |
||
CREDIBILITY CONCERNS IN OPTIMAL POLICY DESIGN
Yang Lu, European University Institute |
14:15 - 16:15 |
MONETARY POLICY II (MAX)
Chairperson: Nathan Porter, International Monetary Fund |
Room Gran Melia F1 |
HOW BETTER MONETARY STATISTICS COULD HAVE SIGNALED THE FINANCIAL
CRISIS
William Barnett, University of Kansas Co-Author: Marcelle Chauvet, University of California at Riverside |
||
CREDIT CONTROLS DID MATTER. AN EVALUATION OF MONETARY
POLICY DURING FRANCE�S GOLDEN AGE, 1945-1973.
Eric Monnet, Paris School of Economics |
||
DOES THE ACCUMULATION OF INTERNATIONAL RESERVES SPUR INFLATION? A
PANEL DATA ANALYSIS
Andreas Steiner, University of Osnabrueck |
||
WHAT DRIVES CHINA�S INTERBANK MARKET?
Nathan Porter, International Monetary Fund Co-Author: TengTeng Xu, Cambridge University |
14:15 - 16:15 |
OPTIMAL TAX AND TRANSFER POLICY (PUB)
Chairperson: Jean-Baptiste Michau, Centre for Economic Performance, London School of Economics |
Room 3G |
OPTIMAL POLICIES AND THE INFORMAL SECTOR
Joanne Roberts, University of Calgary Co-Authors: Katherine Cuff, McMaster University, Nicolas Marceau, Universite de Quebec a Montreal and Steeve Mongrain, Simon Fraser University |
||
ON OPTIMAL CORPORATE INCOME TAX
C. C. Yang, Academia Sinica Co-Author: Kevin Hsu, National Chengchi University |
||
COMPETITIVE NONLINEAR TAXATION, INCOME INEQUALITY, AND
CONSTITUTIONAL CHOICE
Huanxing Yang, Ohio State University Co-Authors: Massimo Morelli, Columbia University and EUI and Lixin Ye, The Ohio State University |
||
DYNAMIC OPTIMAL REDISTRIBUTIVE TAXATION WITH ENDOGENOUS
RETIREMENT
Jean-Baptiste Michau, Centre for Economic Performance, London School of Economics |
14:15 - 16:15 |
CLIMATE, HEALTH AND DEVELOPMENT (DEV)
Chairperson: James Vickery, Federal Reserve Bank of New York |
Room Gran Melia B3 |
THE LONG-LIVED EFFECTS OF HISTORIC CLIMATE UPON THE WEALTH OF
NATIONS
Michael Vlassopoulos, University of Southampton Co-Authors: John Bluedorn, University of Southampton and Akos Valentinyi, Magyar Nemzeti Bank |
||
WHERE THERE IS A WILL: FERTILITY BEHAVIOR AND SEX BIAS IN LARGE
FAMILIES
Tarun Jain, Indian School of Business |
||
DO TROPICAL TYPHOONS SMASH THE COMMUNITY TIES? THEORY AND
EVIDENCE FROM VIETNAM
Yanos Zylberberg, Paris School of Economics |
||
FORECASTING WHEN IT MATTERS: EVIDENCE FROM SEMI-ARID INDIA
James Vickery, Federal Reserve Bank of New York Co-Authors: Xavier Gine, World Bank and Robert Townsend, MIT |
14:15 - 16:15 |
GROWTH AND DEVELOPMENT II (DEV)
Chairperson: Roman Zakharenko, State University Higher School of Economics |
Room Gran Melia F3 |
CREDIT MARKET IMPERFECTIONS, SELECTION, AND THE DISTRIBUTION OF
WITHIN-INDUSTRY PRODUCTIVITY
Christian Bauer, LMU University of Munich |
||
ADVERSE SELECTION IN ASSET MARKETS: THEORY AND EVIDENCE FROM THE
INDIAN
MARKET FOR COWS
Santosh Anagol, Wharton |
||
FACTOR MISALLOCATION IN DUAL ECONOMIES
Thomas Schelkle, London School of Economics |
||
CHILDREN VERSUS IDEAS: AN "INFLUENTIAL" THEORY OF DEMOGRAPHIC
TRANSITION
Roman Zakharenko, State University Higher School of Economics |
14:15 - 16:15 |
FORECASTING (ECO)
Chairperson: Helmut Luetkepohl, European University Institute |
Room Yangtze Hall |
MACROECONOMIC FORECASTING AND STRUCTURAL CHANGE
Antonello D''agostino, Central Bank of Ireland Co-Authors: Luca Gambetti, Universitat Autonoma de Barcelona and Domenico Giannone, ECARES-ULB and CEPR |
||
MEASURING AGGREGATE UNCERTAINTY IN A PANEL OF FORECASTS AND A NEW
TEST FOR FORECAST HETEROGENEITY
Kajal Lahiri, University at Albany, SUNY-Albany Co-Authors: Huaming Peng, SUNY-Albany and Xuguang Sheng, SUNY Fredonia |
||
FORECAST EVALUATION OF SMALL NESTED MODEL SETS
Kirstin Hubrich, European Central Bank, Research Department Co-Author: Kenneth D. West, University of Wisconsin |
||
FORECASTING NONLINEAR AGGREGATES AND AGGREGATES WITH TIME-VARYING
WEIGHTS
Helmut Luetkepohl, European University Institute |
14:15 - 16:15 |
PANEL DATA AND CROSS-SECTIONAL DEPENDENCE (ECO)
Chairperson: Vasilis Sarafidis, University of Sydney |
Room 5D |
A NONPARAMETRIC POOLABILITY TEST FOR PANEL DATA MODELS
WITH CROSS SECTION DEPENDENCE
Sainan Jin, Singapore Management University Co-Author: Liangjun Su, Singapore Management University |
||
INSTRUMENTAL VARIABLE ESTIMATION OF DYNAMIC LINEAR PANEL DATA
MODELS WITH DEFACTORED REGRESSORS UNDER CROSS-SECTIONAL DEPENDENCE
Takashi Yamagata, University of York Co-Author: Vasilis Sarafidis, University of Sydney |
||
A NONLINEAR PANEL MODEL OF HERDING
Yongcheol Shin, Business School, University of Leeds Co-Authors: george kapetanios, queen mary, university of london and james mitchell, niesr |
||
IV ESTIMATION OF PANELS WITH FACTOR RESIDUALS
Vasilis Sarafidis, University of Sydney Co-Authors: Donald Robertson, The University of Cambridge and James Symons, UCL (emeritus) |
14:15 - 16:15 |
BAYESIAN METHODS (ECO)
Chairperson: Herman van Dijk, Tinbergen Institute, Erasmus University Rotterdam |
Room 5E |
BAYESIAN LINK PREDICTION IN NETWORK STRUCTURES
Martin Burda, University of Toronto Co-Authors: Siddhartha Chib, Washington University in St. Louis and Matthew Harding, Stanford University |
||
REGULARIZING PRIORS FOR LINEAR INVERSE PROBLEMS
Anna Simoni, Universit� Bocconi Co-Author: Jean-Pierre Florens, Toulouse School of Economics |
||
APPROXIMATION OF CONDITIONAL DENSITIES BY SMOOTH MIXTURES OF
REGRESSIONS
Andriy Norets, Princeton University |
||
ADAPTIVE EXPECTATION MAXIMIZATION SAMPLING METHODS FOR EFFICIENT
AND RELIABLE POSTERIOR AND PREDICTIVE SIMULATION
Herman van Dijk, Tinbergen Institute, Erasmus University Rotterdam Co-Authors: Lennart Hoogerheide, Econometric and TInbergen Institute, Erasmus University Rotterdam and Anne Opschoor, Tinbergen Institute, Erasmus University Rotterdam |
14:15 - 16:15 |
STRUCTURAL DISCRETE CHOICE MODELS (ECO)
Chairperson: Juan Pantano, Washington University in St. Louis |
Room 5F |
INTERACTIVE FIXED EFFECTS IN THE BLP RANDOM COEFFICIENTS DEMAND
MODEL
Martin Weidner, University of Southern California Co-Authors: Hyungsik Roger Moon, and Matthew Shum, |
||
UNDERSTANDING CHOICE INTENSITY: A POISSON MIXTURE MODEL WITH
LOGIT-BASED RANDOM UTILITY SELECTIVE MIXING
Matthew Harding, Stanford University Co-Authors: Martin Burda, University of Toronto and Jerry Hausman, MIT |
||
LARGE MARKET ASYMPTOTICS FOR DIFFERENTIATED PRODUCT DEMAND
ESTIMATORS UNDER ECONOMIC MODELS OF SUPPLY
Timothy Armstrong, Stanford University |
||
USING SUBJECTIVE EXPECTATIONS DATA TO ALLOW FOR UNOBSERVED
HETEROGENEITY IN HOTZ-MILLER ESTIMATION STRATEGIES
Juan Pantano, Washington University in St. Louis Co-Author: Yu Zheng, Washington University in St. Louis |
14:15 - 16:15 |
ECONOMETRIC METHODOLOGY II (ECO)
Chairperson: Jack Porter, University of Wisconsin |
Room 5G |
REGRESSION TOWARDS THE MODE
Gordon Kemp, University of Essex Co-Author: Joao Santos Silva, University of Essex |
||
REGRESSION VERSUS VARIANCE TESTS FOR SOCIAL INTERACTIONS
Hisatoshi Tanaka, School of Political Science and Economics, Waseda Univ |
||
EMPIRICAL SIMULTANEOUS CONFIDENCE REGIONS FOR PATH-FORECASTS
Malte Kn�ppel, Deutsche Bundesbank Co-Authors: Oscar Jorda, UC Davis and Massimiliano Marcellino, European University Institute |
||
IMPOSSIBILITY RESULTS FOR NONDIFFERENTIABLE FUNCTIONALS
Jack Porter, University of Wisconsin Co-Author: Keisuke Hirano, University of Arizona |
14:15 - 16:15 |
SEMI/NONPARAMETRICS (ECO)
Chairperson: Michael Jansson, UC Berkeley |
Room 5H |
TRIANGULAR SEMIPARAMETRIC MODELS FEATURING TWO DEPENDENT
ENDOGENOUS BINARY OUTCOMES
Chan Shen, Georgetown University Co-Authors: Roger Klein, Rutgers University and Francis Vella, Georgetown University |
||
A DISCONTINUITY TEST OF ENDOGENEITY
Maria Carolina Caetano, University of California, Berkeley |
||
RANK ESTIMATION WITH CONTROL VARIABLES
Koen Jochmans, CORE |
||
GENERALIZED JACKKNIFE ESTIMATORS OF WEIGHTED AVERAGE DERIVATIVES
Michael Jansson, UC Berkeley Co-Authors: Matias Cattaneo, University of Michigan and Richard Crump, Federal Reserve Bank of New York |
14:15 - 16:15 |
VOLATILITY (ECO)
Chairperson: Werner Ploberger, Washington University in St. Louis |
Room 5I |
REALIZED GARCH: A COMPLETE MODEL OF RETURNS AND REALIZED MEASURES
OF VOLATILITY
Peter Reinhard Hansen, Stanford University, department of Economics Co-Authors: Zhuo Huang, Stanford University and Howard Howan Shek, Stanford University |
||
GOOD VOLATILITY, BAD VOLATILITY:SIGNED JUMPS AND THE PERSISTENCE
OF VOLATILITY
Kevin Sheppard, University of Oxford Co-Author: Andrew Patton, Duke University |
||
STOCHASTIC COVARIANCE MODELS
Manabu Asai, Soka University Co-Author: Mike So, The Hong Kong University of Science and Technology |
||
AN IMPROVED ESTIMATOR FOR THE INTEGRATED VOLATILITY
Werner Ploberger, Washington University in St. Louis Co-Author: Taesuk Lee, University of Rochester |
14:15 - 16:15 |
FRACTIONAL INTEGRATION (ECO)
Chairperson: Richard Baillie, Michigan State University |
Room 5J |
THE GENERALIZED COCHRANE-ORCUTT TRANSFORMATION ESTIMATION
FOR SPURIOUS AND FRACTIONAL SPURIOUS REGRESSIONS
Shin-Huei Wang, CORE, Universite Catholique de Louvain and CeRefim, FUNDP, Academie Louvain Co-Author: Cheng Hsiao, University of Southern California |
||
MAXIMUM LIKELIHOOD ESTIMATION OF FRACTIONALLY COINTEGRATED
SYSTEMS
Katarzyna Lasak, CREATES, Aarhus University |
||
TESTING THE ORDER OF FRACTIONAL INTEGRATION IN PANEL DATA MODELS
Fredrik Andersson, Lund University |
||
CONFIDENCE INTERVALS FOR IMPULSE RESPONSE WEIGHTS FROM STRONGLY
DEPENDENT PROCESSES
Richard Baillie, Michigan State University Co-Author: George Kapetanios, Queen Mary University of London |
16:45 - 18:15 | PLENARY SESSION |
16:45 - 18:15 |
FRISCH MEMORIAL LECTURE
Chairperson: Sir James Mirrlees, Chinese University of Hong Kong |
Room Grand Ballroom |
TRADE AND LABOR MARKET OUTCOMES
Elhanan Helpman, Harvard University Co-Authors: Oleg Itskhoki, Princeton University and Stephen Redding, Princeton University |
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