August 17, 2015
09:00 to 10:45	Invited Talk: Industrial Organization - Matthew Gentzkow (University of Chicago): "Media and Ideological Polarization" Michael D. Whinston (Massachusetts Institute of Technology): "Recent Advances in the Empirics of Vertical Contracting" Discussant: John Asker (University of California, Los Angeles) Chair: Robert Porter
09:00 to 10:45	Invited Talk: Macroeonometrics - Ulrich Müller (Princeton University) (with Mark Watson): “Ultra Low-frequency Econometrics” Harald Uhlig (University of Chicago): "Shocks, Sign Restrictions and Identification" Discussant: Frank Schorfheide (University of Pennsylvania) Chair: James Stock
10:45 to 11:15	Morning Break
11:15 to 12:45	Contributed Sessions
13:00 to 14:00	Lunch Policy Session: Climate Change - James Stock (Harvard University) Christian Gollier (Toulouse School of Economics) Chair: Steve Berry (Yale University)
14:15 to 16:15	Contributed Sessions
16:15 to 16:45	Afternoon Break
16:45 to 18:15	Presidential Address: Robert Porter (Northwestern University): "Empirical Analysis and Auction Design" Chair: Manuel Arellano
18:30 to 19:30	Members Meeting
August 18, 2015
09:00 to 10:45	Invited Talk: Agency Problems - Johannes Hörner (Yale University): "Learning and Experimentation" Igal Hendel (Northwestern University): "Dynamic Selection: Empirics" Discussant: Bernard Salanié (Columbia University) Chair: Mike Whinston
09:00 to 10:45	Invited Talk: Big Data - Serena Ng (Columbia University): "Opportunities and Challenges: Lessons from Analyzing Terabytes of Data" Jesse Shapiro (Brown University): "Social Science with Big Data" Discussant: Christian Hansen (Chicago Booth) Chair: Xiaohong Chen
10:45 to 11:15	Morning Break
11:15 to 12:45	Contributed Sessions
13:00 to 14:00	Lunch Policy Session: Theory and Empirics for Policy Applications - Paul Milgrom (Stanford University) Chair: Richard Blundell
14:15 to 16:15	Contributed Sessions
16:15 to 16:45	Afternoon Break
16:45 to 18:15	Cowles Lecture: Elie Tamer (Northwestern University): "Sensitivity Analysis in Econometric Models" Chair: Donald W.K. Andrews
18:30 to 19:30	Fellows Meeting
18:45 to 20:15	Young economists session - Panel discussion with: Pinelopi Goldberg (Yale University) Felix Kübler (University of Zurich) Chris Shannon (University of California, Berkeley) Elie Tamer (Harvard University) Chair: Christian Hansen)
August 19, 2015
09:00 to 10:45	Invited Talk: Matching - Fuhito Kojima (Stanford University): "Recent Developments in Matching Theory and Their Practical Applications" Parag Pathak (Massachusetts Institute of Technology): "Designing School Assignment Mechanisms" Discussant: Federico Echenique (California Institute of Technology) Chair: Eddie Dekel
09:00 to 10:45	Invited Talk: Partially Identified Models - Azeem Shaikh (University of Chicago) and Ivan Canay (Northwestern University): "Advances in Inference for Partially Identified Models" Kate Ho (Columbia University) (with Adam Rosen): "Partial Identification in Applied Research: Benefits and Challenges" Discussant: Jack Porter (University of Wisconsin-Madison) Chair: Donald W.K. Andrews
10:45 to 11:15	Morning Break
11:15 to 12:45	Contributed Sessions
13:00 to 14:00	Lunch Policy Session: Health Care - Johnathan Gruber (Massachusetts Institute of Technology) Martin Gaynor (Carnegie Mellon University) Chair: Ariel Pakes
14:15 to 16:15	Contributed Sessions
16:15 to 16:45	Afternoon Break
16:45 to 18:15	Frisch Memorial Lecture: Alvin E. Roth (Stanford University): "Kidney Exchange: New Developments and Frontiers" Chair: Robert Wilson
August 20, 2015
09:00 to 10:45	Invited Talk: Networks - Sanjeev Goyal (University of Cambridge): "Networks and Markets" Aureo de Paula (University College London): "Estimation of Network Models" Discussant: Rachel Kranton (Duke University) Chair: Piero Gottardi
09:00 to 10:45	Invited Talk: Macroeconomics - Dirk Krueger (University of Pennsylvania): "Inequality and the Macro Economy: Data, Models and Policy Implications" Felix Kübler (University of Zurich) (with Johannes Brumm and Simon Scheidegger): "Computational Methods for Heterogeneous Agent Models" Discussant: Anthony Smith (Yale University) Chair: Michael Woodford
10:45 to 11:15	Morning Break
11:15 to 12:45	Contributed Sessions
13:00 to 14:00	Lunch Policy Session: Monetary Policy - Christopher Sims (Princeton University) Michael Woodford (Columbia University) Chair: Monika Piazzesi
14:15 to 16:15	Contributed Sessions
16:15 to 16:45	Afternoon Break
16:45 to 18:15	Walras-Bowley Lecture: Per Krusell (Stockholm University): "Climate Change Around the Globe" Chair: Christopher Sims
August 21, 2015
09:00 to 10:45	Invited Talk: Dynamic Implications of Mechanism Design - Alessandro Pavan (Northwestern University): "Dynamic Mechanism Design" Liran Einav (Stanford University): "Risk Adjustment in Health Care Markets" Discussant: Juuso Valimaki (Aalto University) Chair: Andrew McLennan
09:00 to 10:45	Invited Talk: Finance - Jakub Kastl (Princeton University): "Empirical Analysis of Financial Markets" Viral Acharya (New York University) (with Guillaume Plantin): "Regulatory Cycles and Financial Crises" Discussant: Darrell Duffie (Stanford University) Chair: Jeremy Bulow (Stanford University)
10:45 to 11:15	Morning Break
11:15 to 12:45	Contributed Sessions
13:00 to 14:00	Lunch Policy Session: Financial Reform - John Geanakoplos (Yale University) Jeremy Bulow (Stanford University) Chair: Viral Acharya
14:15 to 16:15	Contributed Sessions
16:15 to 16:45	Afternoon Break
16:45 to 18:15	Fisher-Schultz Lecture: Darrell Duffie (Stanford University): "The Design and Efficiency of Over-the-counter Financial Markets" Chair: John Geanakoplos

Summary of All Sessions
Click here for an index of all participants

Session ID code	Date/Time	Location	Type	Title	Papers
453	August 17, 2015 11:15-12:45	Villa Marie B Westin	contributed	Advances in Econometric Models of Choice Test	3
240	August 17, 2015 11:15-12:45	Beaver Hill Westin	contributed	Advances in Inference Methods	3
416	August 17, 2015 11:15-12:45	517C	contributed	Ambiguity Aversion	3
245	August 17, 2015 11:15-12:45	520C	contributed	Amibiguity: Theory and Applications	3
369	August 17, 2015 11:15-12:45	524A	contributed	Analyzing The Impacts of Government Policies	3
205	August 17, 2015 11:15-12:45	525A	contributed	Asymmetric Information in Financial Markets	2
73	August 17, 2015 11:15-12:45	518C	contributed	Bargaining and Negotiation	2
130	August 17, 2015 11:15-12:45	519B	contributed	Biases and Risk Attitudes: Experimental Evidence	3
143	August 17, 2015 11:15-12:45	520A	contributed	Contest Theory	3
270	August 17, 2015 11:15-12:45	520D	contributed	Dynamic Trading	3
98	August 17, 2015 11:15-12:45	Ramezay Westin	contributed	Dynamics and Panels	3
433	August 17, 2015 11:15-12:45	521A	contributed	Entrepreneurship	3
43	August 17, 2015 11:15-12:45	518A	contributed	Experiments with Limited or Incomplete Information	3
35	August 17, 2015 11:15-12:45	522B	contributed	Financial Markets: Ambiguity, Volatility, Frictions and Predictions	2
104	August 17, 2015 11:15-12:45	519A	contributed	Financing Under Uncertainty	3
467	August 17, 2015 11:15-12:45	St-Antoine A Westin	contributed	Forecasting	3
299	August 17, 2015 11:15-12:45	Mc Gill Westin	contributed	Fractional Time Series	2
217	August 17, 2015 11:15-12:45	525B	contributed	Growth and Investment	3
54	August 17, 2015 11:15-12:45	Le Moyne Westin	contributed	Health and Education	3
332	August 17, 2015 11:15-12:45	Villa Marie A Westin	contributed	Identification and Inference in Econometric Models	3
192	August 17, 2015 11:15-12:45	520B	contributed	Information Disclosure	3
112	August 17, 2015 11:15-12:45	522C	contributed	International Trade and Competition	2
80	August 17, 2015 11:15-12:45	524C	contributed	Macroeconomics and Pricing	3
311	August 17, 2015 11:15-12:45	520F	contributed	Market Experiments	2
196	August 17, 2015 11:15-12:45	523A	contributed	Matching Market Design	3
30	August 17, 2015 11:15-12:45	521B	contributed	Models of Consumer Demand	3
71	August 17, 2015 11:15-12:45	518B	contributed	Money, Banking, and General Equilibrium	2
57	August 17, 2015 11:15-12:45	521C	contributed	Offshoring, Networks and Relationships	2
265	August 17, 2015 11:15-12:45	448	contributed	Perspectives on Structural Transformation	3
18	August 17, 2015 11:15-12:45	522A	contributed	Price Competition	3
113	August 17, 2015 11:15-12:45	Viger Westin	contributed	Statistical Methods and Their Applications to Economics	2
116	August 17, 2015 11:15-12:45	Palais Westin	contributed	Strategic Choice in Education	3
262	August 17, 2015 11:15-12:45	Ste-Helene Westin	contributed	Structural Retirement Savings Models	3
309	August 17, 2015 11:15-12:45	520E	contributed	The Political Economy of Institutions	3
352	August 17, 2015 11:15-12:45	447	contributed	Theoretical Issues in InternationalTrade	2
97	August 17, 2015 11:15-12:45	St. Paul Westin	contributed	Treatment Effects and Instrumental Variables	3
326	August 17, 2015 11:15-12:45	St-Antoine B Westin	contributed	Understanding the Great Recession	3
399	August 17, 2015 11:15-12:45	517B	contributed	Volatility Risk in Finance	3
388	August 17, 2015 11:15-12:45	524B	contributed	Models for Climate Policy	3
368	August 17, 2015 11:15-12:45	523B	contributed	The Family and the Economy	3
302	August 17, 2015 14:15-16:15	520A	contributed	Advances in VAR Modelling	4
338	August 17, 2015 14:15-16:15	520C	contributed	ARCH and GARCH	4
115	August 17, 2015 14:15-16:15	St-Antoine B Westin	contributed	Asset Pricing Models	4
275	August 17, 2015 14:15-16:15	521B	contributed	Auctions and Contests	4
308	August 17, 2015 14:15-16:15	522B	contributed	Campaigns and Elections	4
434	August 17, 2015 14:15-16:15	521C	contributed	Challenges in Market Design	3
443	August 17, 2015 14:15-16:15	522A	contributed	Communication	4
209	August 17, 2015 14:15-16:15	Beaver Hall Westin	contributed	Competition and Markets	4
380	August 17, 2015 14:15-16:15	Mc Gill Westin	contributed	Development Through Particular Industries	4
159	August 17, 2015 14:15-16:15	518A	contributed	Developments in Regression Discontinuity and Threshold Models	4
23	August 17, 2015 14:15-16:15	Ville-Marie A Westin	contributed	DSGE Models	4
108	August 17, 2015 14:15-16:15	520F	contributed	Dynamic Contracting	4
5	August 17, 2015 14:15-16:15	Le Moyne Westin	contributed	Dynamics in Market Places	3
226	August 17, 2015 14:15-16:15	518C	contributed	Earnings and Income Processes	4
238	August 17, 2015 14:15-16:15	519A	contributed	Econometric Models Using High-Dimensional Data	4
15	August 17, 2015 14:15-16:15	St-Paul Westin	contributed	Empirical Analysis of Asymmetric Information	2
132	August 17, 2015 14:15-16:15	Palais Westin	contributed	Empirical Framework for Analyzing Competition	4
124	August 17, 2015 14:15-16:15	517C	contributed	Emprical Models of Human Capital and the Labor Market	4
11	August 17, 2015 14:15-16:15	517B	contributed	Factor Analysis	4
457	August 17, 2015 14:15-16:15	523B	contributed	Financial Frictions and Default	4
437	August 17, 2015 14:15-16:15	521A	contributed	Financial Frictions: Theory and Evidence	3
249	August 17, 2015 14:15-16:15	519B	contributed	Granger Causality and Impulse Responses	4
176	August 17, 2015 14:15-16:15	448	contributed	Heuristics and Decisions	3
128	August 17, 2015 14:15-16:15	Viger Westin	contributed	History and Development	4
305	August 17, 2015 14:15-16:15	520B	contributed	Inference Under Weak or Partial Identification	4
264	August 17, 2015 14:15-16:15	523A	contributed	Inflation and Inequality	4
28	August 17, 2015 14:15-16:15	Ramezay Westin	contributed	Innovation and Firm Performance	4
165	August 17, 2015 14:15-16:15	518B	contributed	Labor Market Dynamics	4
62	August 17, 2015 14:15-16:15	447	contributed	Labor Market Dynamics: Theory and Evidence	3
318	August 17, 2015 14:15-16:15	524B	contributed	Liquidity in Financial Markets	4
419	August 17, 2015 14:15-16:15	525B	contributed	Liquidity Traps	4
346	August 17, 2015 14:15-16:15	Ste-Helene Westin	contributed	Markets and Market Policy	3
154	August 17, 2015 14:15-16:15	521A	contributed	Mechanism Design	4
101	August 17, 2015 14:15-16:15	520E	contributed	Mediation	4
395	August 17, 2015 14:15-16:15	524C	contributed	New Empirical Measures of Tail Risks	4
204	August 17, 2015 14:15-16:15	522C	contributed	OTC Markets	4
8	August 17, 2015 14:15-16:15	520D	contributed	Reputations	4
64	August 17, 2015 14:15-16:15	St-Antoine A Westin	contributed	Search in Housing and Asset Markets	4
402	August 17, 2015 14:15-16:15	525A	contributed	Securitization	4
41	August 17, 2015 14:15-16:15	Ville-Marie B Westin	contributed	Uncertainty and Business Cycles	4
189	August 18, 2015 11:15-12:45	520E	contributed	Bayesian Econometrics	3
19	August 18, 2015 11:15-12:45	Le Moyne Westin	contributed	Behavioral Models	3
414	August 18, 2015 11:15-12:45	519B	contributed	Belief Dispersion	3
370	August 18, 2015 11:15-12:45	525A	contributed	Business Cycles and Labor Markets	3
13	August 18, 2015 11:15-12:45	520B	contributed	Cointegration and Comovements	3
46	August 18, 2015 11:15-12:45	St-Paul Westin	contributed	Communication and Persuasion	3
327	August 18, 2015 11:15-12:45	Ville-Marie A Westin	contributed	Communication, Learning and Coordination	3
378	August 18, 2015 11:15-12:45	St-Antoine A Westin	contributed	Coordination	3
335	August 18, 2015 11:15-12:45	522A	contributed	Developments in Financial Time Series Econometrics	3
178	August 18, 2015 11:15-12:45	Ramazey Westin	contributed	Dynamic Game Experiments	3
459	August 18, 2015 11:15-12:45	522C	contributed	Econometric Analysis of Auctions	3
223	August 18, 2015 11:15-12:45	520F	contributed	Education	3
37	August 18, 2015 11:15-12:45	524A	contributed	Empirical Analysis of Auctions	3
310	August 18, 2015 11:15-12:45	Mc Gill Westin	contributed	Empirical Studies in Political Economy	2
141	August 18, 2015 11:15-12:45	520C	contributed	Estimation of Education Models	3
300	August 18, 2015 11:15-12:45	521C	contributed	Estimation of Macroeconomic Models	3
203	August 18, 2015 11:15-12:45	Palais Westin	contributed	Experimental Game Theory	3
439	August 18, 2015 11:15-12:45	522B	contributed	Family and Labor Markets	3
279	August 18, 2015 11:15-12:45	519A	contributed	Financial Constraints and the Macroeconomy	3
468	August 18, 2015 11:15-12:45	523A	contributed	Forecasting	3
253	August 18, 2015 11:15-12:45	521B	contributed	Generalized Method of Moments	3
166	August 18, 2015 11:15-12:45	448	contributed	Housing Markets and Location Choice	2
267	August 18, 2015 11:15-12:45	518C	contributed	Human Capital and Macro Outcomes	3
122	August 18, 2015 11:15-12:45	524C	contributed	Incentives, Production and Household Organization in Developing Countries	3
155	August 18, 2015 11:15-12:45	447	contributed	Information Aggregation in Markets and Elections	1
422	August 18, 2015 11:15-12:45	520A	contributed	Learning and Belief Formation	3
83	August 18, 2015 11:15-12:45	518B	contributed	Macroeconomic Uncertainty and Expectations	3
31	August 18, 2015 11:15-12:45	523B	contributed	Models of Consumer Demand in Health Care	3
168	August 18, 2015 11:15-12:45	520D	contributed	Models with Time-varying Parameters	3
328	August 18, 2015 11:15-12:45	Ville-Marie B Westin	contributed	Morale and Effort	3
58	August 18, 2015 11:15-12:45	524B	contributed	Multinational Firms	3
183	August 18, 2015 11:15-12:45	Viger Westin	contributed	Policy Experimentation	3
207	August 18, 2015 11:15-12:45	Beaver Hall Westin	contributed	Political Economy - Endogenous Institutions and Policy	3
271	August 18, 2015 11:15-12:45	Ste-Helene Westin	contributed	Repeated Games	3
407	August 18, 2015 11:15-12:45	St-Antoine B Westin	contributed	Resources	3
220	August 18, 2015 11:15-12:45	518A	contributed	Social Choice	3
244	August 18, 2015 11:15-12:45	521A	contributed	Social Interaction Models	3
371	August 18, 2015 11:15-12:45	525B	contributed	Issues in Taxation 1	2
160	August 18, 2015 14:15-16:15	518A	contributed	Advances in Models of Discrete Choice	4
383	August 18, 2015 14:15-16:15	522A	contributed	Analyzing The Effects of Policy or Environmental Change in Developing Countries	4
435	August 18, 2015 14:15-16:15	517C	contributed	Applications of Market Desgin	4
444	August 18, 2015 14:15-16:15	521B	contributed	Auctions	4
458	August 18, 2015 14:15-16:15	St-Antoine A Westin	contributed	Behavioral Models in Finance	4
333	August 18, 2015 14:15-16:15	519B	contributed	Developments in Econometric Methods I	4
329	August 18, 2015 14:15-16:15	519A	contributed	Developments in Program Evaluation Methods	4
469	August 18, 2015 14:15-16:15	520B	contributed	Developments in Time Series Econometrics	4
354	August 18, 2015 14:15-16:15	521B	contributed	Effects of Trade Liberalization	4
100	August 18, 2015 14:15-16:15	447	contributed	Empirical Analysis of Peer Effects, Networks and Contagion	3
230	August 18, 2015 14:15-16:15	Beaver Hall Westin	contributed	Entrepreneurship and Financial Frictions	3
387	August 18, 2015 14:15-16:15	522B	contributed	Environmental Preferences and Decision Making	3
177	August 18, 2015 14:15-16:15	524C	contributed	Field Experiments	4
403	August 18, 2015 14:15-16:15	Ville-Marie B Westin	contributed	Financial Intermediaries and Risk Exposures	4
364	August 18, 2015 14:15-16:15	521C	contributed	Firm Level Productivity: Macroeconomic Implications	4
66	August 18, 2015 14:15-16:15	522C	contributed	Game Theory	4
323	August 18, 2015 14:15-16:15	Ville-Marie A Westin	contributed	Housing Market Dynamics	4
420	August 18, 2015 14:15-16:15	517B	contributed	Implementation	4
114	August 18, 2015 14:15-16:15	520E	contributed	International Trade and Market Access	4
285	August 18, 2015 14:15-16:15	518B	contributed	Labor Markets, Moral Hazard, Contracts and Learning	4
16	August 18, 2015 14:15-16:15	520C	contributed	Market Rules and Strategic Behavior	3
214	August 18, 2015 14:15-16:15	525A	contributed	Mechanism Design	4
210	August 18, 2015 14:15-16:15	520F	contributed	New Developments in the Theory of Industries	4
452	August 18, 2015 14:15-16:15	520A	contributed	Panel Data Econometrics	4
24	August 18, 2015 14:15-16:15	Le Moyne Westin	contributed	Price Dynamics	4
67	August 18, 2015 14:15-16:15	Viger Westin	contributed	Price Rigidities and Aggregate Fluctuations	4
84	August 18, 2015 14:15-16:15	523A	contributed	Repeated Games	4
48	August 18, 2015 14:15-16:15	Ramezay Westin	contributed	Role of Skills and Technology in Rise in US Income and Wealth Inequality	4
103	August 18, 2015 14:15-16:15	523B	contributed	Selling Mechanisms	4
384	August 18, 2015 14:15-16:15	525B	contributed	Strategic Delegation	4
293	August 18, 2015 14:15-16:15	518C	contributed	Structural Change	4
266	August 18, 2015 14:15-16:15	Ste-Helene Westin	contributed	The Macroeconomics of Human Capital Investment	3
42	August 18, 2015 14:15-16:15	St-Paul Westin	contributed	Theories of Endogenous Information	4
14	August 18, 2015 14:15-16:15	448	contributed	Time Series Models	4
320	August 18, 2015 14:15-16:15	Mc Gill Westin	contributed	Topics in Labor Markets	4
29	August 18, 2015 14:15-16:15	520D	contributed	Uncertainty Shocks	4
206	August 18, 2015 14:15-16:15	Palais Westin	contributed	Asset Pricing Models	4
109	August 18, 2015 14:15-16:15	524A	contributed	Information Acquisition	3
347	August 18, 2015 14:15-16:15	521A	contributed	Networks Effects	3
391	August 19, 2015 11:15-12:45	525A	contributed	Ambiguity in Financial Markets	3
72	August 19, 2015 11:15-12:45	520E	contributed	Continuous Time Models: Experimentation and Learning	3
201	August 19, 2015 11:15-12:45	Palais Westin	contributed	Econometrics of Social Interactions and Networks	3
361	August 19, 2015 11:15-12:45	520C	contributed	Economics of Morbidity and Mortality	2
117	August 19, 2015 11:15-12:45	519A	contributed	Family Networks	3
377	August 19, 2015 11:15-12:45	517C	contributed	Financial Markets and International Trade	3
169	August 19, 2015 11:15-12:45	Viger Westin	contributed	Financial Volatility: Estimation and Forecasting	3
221	August 19, 2015 11:15-12:45	522C	contributed	Game Theory: Foundations	3
225	August 19, 2015 11:15-12:45	Ste-Helene Westin	contributed	Games and Privacy	3
193	August 19, 2015 11:15-12:45	522A	contributed	Games in Continuous Time	3
50	August 19, 2015 11:15-12:45	524B	contributed	Health Insurance and Household Borrowing	3
219	August 19, 2015 11:15-12:45	522B	contributed	Higher Order Uncertainty in Markets	3
149	August 19, 2015 11:15-12:45	521A	contributed	Higher-Order Reasoning	3
211	August 19, 2015 11:15-12:45	Beaver Hall Westin	contributed	Human Capital Accumulation, Wages, and Frictions.	3
51	August 19, 2015 11:15-12:45	Le Moyne Westin	contributed	Identification and Estimation in Models Defined by Conditional Moment Restrictions	3
47	August 19, 2015 11:15-12:45	524A	contributed	Inequality, Fluctuations, and Savings in Poor and Emerging Economies	2
306	August 19, 2015 11:15-12:45	St-Antoine B Westin	contributed	Inference in Models with Long Memory and Heteroskedasticity	3
92	August 19, 2015 11:15-12:45	St-Paul Westin	contributed	Instrumental Variable Models and Treatment Effects	3
373	August 19, 2015 11:15-12:45	517B	contributed	Issues in Corporate Taxation	2
283	August 19, 2015 11:15-12:45	Ville-Marie B Westin	contributed	Labor Supply	3
460	August 19, 2015 11:15-12:45	518A	contributed	LASSO in Econometrics	2
32	August 19, 2015 11:15-12:45	518B	contributed	Macro Networks and Shocks	3
288	August 19, 2015 11:15-12:45	524C	contributed	Monetary and Fiscal Policy Under Uncertainty	3
432	August 19, 2015 11:15-12:45	525B	contributed	Monetary Economics	3
250	August 19, 2015 11:15-12:45	Ville-Marie A Westin	contributed	Nonregular Inference Problems	2
119	August 19, 2015 11:15-12:45	520F	contributed	Persuasion Games and Adverse Selection	3
39	August 19, 2015 11:15-12:45	518C	contributed	Platform Markets	3
273	August 19, 2015 11:15-12:45	523A	contributed	Polarization and Inequality	3
451	August 19, 2015 11:15-12:45	523B	contributed	Political Institutions	2
291	August 19, 2015 11:15-12:45	St-Antoine A Westin	contributed	Random Set Theory in Econometrics	3
421	August 19, 2015 11:15-12:45	448	contributed	Revealed Preference	2
234	August 19, 2015 11:15-12:45	520A	contributed	Social Programs in Development	2
385	August 19, 2015 11:15-12:45	447	contributed	Solution Concepts	2
36	August 19, 2015 11:15-12:45	520D	contributed	Theories of Decision when Preferences are Uncertain	2
167	August 19, 2015 11:15-12:45	Ramezay Westin	contributed	Time Series Analysis	3
227	August 19, 2015 11:15-12:45	Mc Gill Westin	contributed	Wages	2
172	August 19, 2015 11:15-12:45	521B	contributed	Behavioral Economics and Decision Theory	3
184	August 19, 2015 11:15-12:45	521C	contributed	Dynamic Relations	3
146	August 19, 2015 11:15-12:45	519B	contributed	Impacts of Environmental Policies	3
355	August 19, 2015 11:15-12:45	520B	contributed	Modeling the Effects of Trade	2
190	August 19, 2015 14:15-16:15	Viger Westin	contributed	ABC and Bayesian Asymptotics	4
38	August 19, 2015 14:15-16:15	517B	contributed	Advances in Demand Estimation	3
60	August 19, 2015 14:15-16:15	517C	contributed	Asymmetric Information and Signaling	3
404	August 19, 2015 14:15-16:15	525B	contributed	Bond Markets and the Macroeconomy I	4
75	August 19, 2015 14:15-16:15	520A	contributed	Cognitive Biases	4
445	August 19, 2015 14:15-16:15	521A	contributed	Contracting	4
334	August 19, 2015 14:15-16:15	Mc Gill Westin	contributed	Developments in Econometric Methods II	4
330	August 19, 2015 14:15-16:15	Ste-Helene Westin	contributed	Developments in Program Evaluation Methods	4
423	August 19, 2015 14:15-16:15	St-Antoine A Westin	contributed	Driving Forces of Business Cycles	4
49	August 19, 2015 14:15-16:15	521C	contributed	Driving Forces of US Leisure, Consumption, and Wealth Inequality	4
85	August 19, 2015 14:15-16:15	520B	contributed	Dynamic Games	4
268	August 19, 2015 14:15-16:15	523B	contributed	Empirical Analysis of the Financial Markets	4
286	August 19, 2015 14:15-16:15	Palais Westin	contributed	Empirical Job Search	4
235	August 19, 2015 14:15-16:15	447	contributed	Experiments in Behavioral Economics	3
231	August 19, 2015 14:15-16:15	523A	contributed	Financial Business Cycles	4
461	August 19, 2015 14:15-16:15	St-Antoine B Westin	contributed	Firms, Earnings and Management	4
25	August 19, 2015 14:15-16:15	521B	contributed	Fiscal Stimulus	4
295	August 19, 2015 14:15-16:15	Beaver Hall Westin	contributed	Forecasting	4
397	August 19, 2015 14:15-16:15	525A	contributed	Household Finance	4
118	August 19, 2015 14:15-16:15	518A	contributed	Identity and Social Mobility	4
389	August 19, 2015 14:15-16:15	519B	contributed	Impacts of Environmental Policies II	3
126	August 19, 2015 14:15-16:15	522B	contributed	Information Frictions in Macroeconomics	4
215	August 19, 2015 14:15-16:15	522C	contributed	International Financial Integration	3
351	August 19, 2015 14:15-16:15	518C	contributed	Labor Markets and Trade	4
322	August 19, 2015 14:15-16:15	524B	contributed	Macroprudential Policy	4
409	August 19, 2015 14:15-16:15	448	contributed	Mechanism Design	3
372	August 19, 2015 14:15-16:15	519A	contributed	Micro Pathways to Individual Outcomes	3
6	August 19, 2015 14:15-16:15	Le Moyne Westin	contributed	Mixed-frequency Sampled Time Series	4
440	August 19, 2015 14:15-16:15	Ville-Marie A Westin	contributed	Networks and Labor Markets	4
53	August 19, 2015 14:15-16:15	St-Paul Westin	contributed	NonClassical Asymptotic Analysis	4
260	August 19, 2015 14:15-16:15	518B	contributed	Productivity: Investment and R&D	4
241	August 19, 2015 14:15-16:15	520D	contributed	Repeated Interactions	4
454	August 19, 2015 14:15-16:15	Ville-Marie B Westin	contributed	Selection in Theoretical and Applied Econometrics	2
89	August 19, 2015 14:15-16:15	520C	contributed	Studies in Political Economy	4
142	August 19, 2015 14:15-16:15	Ramezay Westin	contributed	Subsidies to Higher Education	4
307	August 19, 2015 14:15-16:15	520E	contributed	Taxation	3
396	August 19, 2015 14:15-16:15	524C	contributed	The Cross Section of Stock Returns	4
436	August 19, 2015 14:15-16:15	520F	contributed	Theory of Market Design	4
68	August 19, 2015 14:15-16:15	522A	contributed	Uncertainty and Firm Dynamics	4
277	August 19, 2015 14:15-16:15	524A	contributed	Incomplete Market Models of Sovereign Debt and Default	3
131	August 20, 2015 11:15-12:45	St-Paul Westin	contributed	Firm Performance in Global Markets: Methods and Applications	3
106	August 20, 2015 11:15-12:45	518A	contributed	Algorithms for Dynamic Stochastic Macro Models	3
313	August 20, 2015 11:15-12:45	520F	contributed	Bank Runs	3
77	August 20, 2015 11:15-12:45	517C	contributed	Behavioral Economics and Public Policy	3
289	August 20, 2015 11:15-12:45	520E	contributed	Continuous Time Contracts and Applications	3
297	August 20, 2015 11:15-12:45	520A	contributed	Decision Theory	3
284	August 20, 2015 11:15-12:45	524C	contributed	Earnings Dynamics	3
463	August 20, 2015 11:15-12:45	525B	contributed	Econometric Analysis of Networks	3
170	August 20, 2015 11:15-12:45	522C	contributed	Econometrics of High-frequency Data	3
144	August 20, 2015 11:15-12:45	Ramezay Westin	contributed	Economic Output, Weather, and Climate	3
99	August 20, 2015 11:15-12:45	522B	contributed	Empirical Analysis of Income Distributions	3
356	August 20, 2015 11:15-12:45	Ste-Helene Westin	contributed	Empirical Issues in Trade	3
342	August 20, 2015 11:15-12:45	Palais Westin	contributed	Empirical Studies of Regulations	3
213	August 20, 2015 11:15-12:45	519A	contributed	Game Theory: Equilibrium Concepts	3
448	August 20, 2015 11:15-12:45	525A	contributed	Health and Labor Markets	3
349	August 20, 2015 11:15-12:45	Beaver Hall Westin	contributed	I O Theory 2	3
202	August 20, 2015 11:15-12:45	447	contributed	Identification and Estimation in Structural Models	2
252	August 20, 2015 11:15-12:45	524A	contributed	Identification Problems in Econometrics	3
374	August 20, 2015 11:15-12:45	Mc Gill Westin	contributed	Impact of "Shocks" on the Economy	3
339	August 20, 2015 11:15-12:45	520B	contributed	Incentives	3
1	August 20, 2015 11:15-12:45	448	contributed	Learning with Misspecified Models	3
150	August 20, 2015 11:15-12:45	518B	contributed	Mathematical Economics	3
398	August 20, 2015 11:15-12:45	521B	contributed	Monetary Policy and Asset Prices	3
52	August 20, 2015 11:15-12:45	522A	contributed	Nonseparable Models	3
316	August 20, 2015 11:15-12:45	521A	contributed	Policy Reforms	3
21	August 20, 2015 11:15-12:45	517B	contributed	Political Economy (Theory)	3
179	August 20, 2015 11:15-12:45	518C	contributed	Preferences and Updating	3
274	August 20, 2015 11:15-12:45	519B	contributed	Reputations and Bargaining	3
59	August 20, 2015 11:15-12:45	Le Moyne Westin	contributed	Risk Aversion in Auctions	3
255	August 20, 2015 11:15-12:45	524B	contributed	Schooling and Occupations	3
382	August 20, 2015 11:15-12:45	Ville-Marie B Westin	contributed	Social Programs in Development	3
376	August 20, 2015 11:15-12:45	Ville-Marie A Westin	contributed	Sorting In Different Environments	3
212	August 20, 2015 11:15-12:45	523A	contributed	Sorting, Wages, and Frictions	3
251	August 20, 2015 11:15-12:45	523B	contributed	Structural Change	3
137	August 20, 2015 11:15-12:45	520D	contributed	Time Consistency of Fiscal Policy	3
456	August 20, 2015 11:15-12:45	521C	contributed	VCs Finance and Returns	3
408	August 20, 2015 11:15-12:45	520C	contributed	Welfare	3
259	August 20, 2015 11:15-12:45	Viger Westin	contributed	Dynamic Structural Models	3
462	August 20, 2015 14:15-16:15	523A	contributed	Advances in Models of Discrete Choice	4
20	August 20, 2015 14:15-16:15	517B	contributed	Advances in VAR	4
366	August 20, 2015 14:15-16:15	525A	contributed	Auctions, Empirical	4
400	August 20, 2015 14:15-16:15	520A	contributed	Bond Markets and the Macroeconomy II	3
427	August 20, 2015 14:15-16:15	520C	contributed	Credit Markets and the Macroeconomy	4
236	August 20, 2015 14:15-16:15	Ste-Helene Westin	contributed	Designing Institutions and Markets: An Experimental Approach	4
336	August 20, 2015 14:15-16:15	448	contributed	Developments in Nonparametric and Semiparametric Methods	3
473	August 20, 2015 14:15-16:15	St-Antoine B Westin	contributed	Economic History	4
362	August 20, 2015 14:15-16:15	524C	contributed	Economics of Discrimination and Anti-Discrimination Policy	4
125	August 20, 2015 14:15-16:15	Viger Westin	contributed	Electoral Competition and Policy Outcomes	4
281	August 20, 2015 14:15-16:15	523B	contributed	Empirical I.O.	4
26	August 20, 2015 14:15-16:15	517C	contributed	Empirical Macroeconomics with Big Data	4
341	August 20, 2015 14:15-16:15	524A	contributed	Empirical Studies of Markets	4
294	August 20, 2015 14:15-16:15	522A	contributed	Financial Econometrics	4
298	August 20, 2015 14:15-16:15	522B	contributed	GARCH Models: Midas, Realized and GARCH-X	4
200	August 20, 2015 14:15-16:15	521C	contributed	High Dimensional Econometrics	3
446	August 20, 2015 14:15-16:15	St-Antoine A Westin	contributed	Information	4
69	August 20, 2015 14:15-16:15	518A	contributed	International Price and Trade Fluctuations	4
96	August 20, 2015 14:15-16:15	St-Paul Westin	contributed	Matching Markets	4
148	August 20, 2015 14:15-16:15	Palais Westin	contributed	Mechanism Design	3
120	August 20, 2015 14:15-16:15	Ramezay Westin	contributed	Mechanism Design and Dynamic Programming	4
303	August 20, 2015 14:15-16:15	522C	contributed	Methods and Applications for DSGE Models	4
412	August 20, 2015 14:15-16:15	Ville-Marie B Westin	contributed	Network Formation	4
233	August 20, 2015 14:15-16:15	447	contributed	Networks	3
324	August 20, 2015 14:15-16:15	519A	contributed	Optimal Financial Contracts	4
256	August 20, 2015 14:15-16:15	Mc Gill Westin	contributed	Organizational Economics: Delegation and Relational Contracting	2
91	August 20, 2015 14:15-16:15	520F	contributed	Panel Data Econometrics	4
171	August 20, 2015 14:15-16:15	521B	contributed	Partially Identified Models	4
3	August 20, 2015 14:15-16:15	520D	contributed	Recent Advances in Financial Econometrics	4
375	August 20, 2015 14:15-16:15	525B	contributed	Redistribution	4
151	August 20, 2015 14:15-16:15	Beaver Hall Westin	contributed	Rent Seeking	3
410	August 20, 2015 14:15-16:15	Ville-Marie A Westin	contributed	Risk and Contagion in Networks	4
45	August 20, 2015 14:15-16:15	Le Moyne Westin	contributed	Search and Sorting	4
163	August 20, 2015 14:15-16:15	521A	contributed	Sorting in Labor Markets	4
278	August 20, 2015 14:15-16:15	518C	contributed	Sovereign Debt: Crises and Long-Run Outcomes	4
393	August 20, 2015 14:15-16:15	519B	contributed	Stock Models Beyond Diffusions	4
406	August 20, 2015 14:15-16:15	520B	contributed	Stock Trading and Price Impact	4
140	August 20, 2015 14:15-16:15	518B	contributed	Theoretical Advances in Characterizing Heterogeneous-Agent Models	4
87	August 20, 2015 14:15-16:15	520E	contributed	Treatment Effects	4
353	August 20, 2015 14:15-16:15	524B	contributed	Extending Empirical Trade Models	4
319	August 21, 2015 11:15-12:45	Beaver Hall Westin	contributed	Adverse Selection in Financial Markets	3
424	August 21, 2015 11:15-12:45	Mc Gill Westin	contributed	Aggregate Demand Shocks	2
40	August 21, 2015 11:15-12:45	St-Paul Westin	contributed	Asymmetric Information in Asset Markets	3
276	August 21, 2015 11:15-12:45	524C	contributed	Behavioral Decision Theory	3
386	August 21, 2015 11:15-12:45	522A	contributed	Consumer Choice and Environmental Outcomes	3
239	August 21, 2015 11:15-12:45	518C	contributed	Duration Outcomes	2
280	August 21, 2015 11:15-12:45	521C	contributed	Dynamic I.O. Theory	3
74	August 21, 2015 11:15-12:45	523A	contributed	Dynamic Information Transmission	3
312	August 21, 2015 11:15-12:45	Palais Westin	contributed	Dynamic Models of Banks and Financial Intermediation	3
242	August 21, 2015 11:15-12:45	448	contributed	Dynamics and Evolution	2
472	August 21, 2015 11:15-12:45	522B	contributed	Economic History	3
363	August 21, 2015 11:15-12:45	520F	contributed	Energy, Productivity, and Production.	3
394	August 21, 2015 11:15-12:45	Ste-Helene Westin	contributed	Equilibrium Asset Pricing	3
292	August 21, 2015 11:15-12:45	520A	contributed	Estimation of Games	3
290	August 21, 2015 11:15-12:45	Viger Westin	contributed	Expectations and Learning: Implications	3
357	August 21, 2015 11:15-12:45	520E	contributed	Firm Heterogeneity and Trade	3
17	August 21, 2015 11:15-12:45	522C	contributed	Games with "Behavioral" Players	3
413	August 21, 2015 11:15-12:45	525A	contributed	General Equilibrium	3
90	August 21, 2015 11:15-12:45	517C	contributed	Inference with Weak Identification	3
344	August 21, 2015 11:15-12:45	520D	contributed	IO Theory I	3
164	August 21, 2015 11:15-12:45	447	contributed	Labor Markets During Booms and Busts	3
258	August 21, 2015 11:15-12:45	519A	contributed	Labor Supply and Retirement	3
471	August 21, 2015 11:15-12:45	520B	contributed	Law Enforcement and Crime	3
152	August 21, 2015 11:15-12:45	524B	contributed	Learning in Decentralized (Search) Markets	3
76	August 21, 2015 11:15-12:45	523B	contributed	Market Behavior	3
441	August 21, 2015 11:15-12:45	525B	contributed	Matching	3
105	August 21, 2015 11:15-12:45	524A	contributed	Mechanism Design and Implementation	3
470	August 21, 2015 11:15-12:45	Ville-Marie A Westin	contributed	Mortgages and Other Loans	3
442	August 21, 2015 11:15-12:45	Ville-Marie B Westin	contributed	Networks	3
174	August 21, 2015 11:15-12:45	518B	contributed	Nonparametric Identification	3
381	August 21, 2015 11:15-12:45	521C	contributed	Politics in Economic Development	3
88	August 21, 2015 11:15-12:45	517B	contributed	Quantile Methods	3
261	August 21, 2015 11:15-12:45	519B	contributed	Structural Labor Models in Labor	3
367	August 21, 2015 11:15-12:45	521B	contributed	Structural Studies of Markets	3
102	August 21, 2015 11:15-12:45	518A	contributed	Theoretical Issues in Nonparametric Instrumental Variable Estimation	3
22	August 21, 2015 11:15-12:45	Le Moyne Westin	contributed	Topics in Empirical Macroeconomics	3
365	August 21, 2015 11:15-12:45	521A	contributed	Issues in the Analysis of Productivity	3
337	August 21, 2015 14:15-16:15	Ville-Marie B Westin	contributed	Advances in Spatial Econometrics	3
121	August 21, 2015 14:15-16:15	448	contributed	Auctions and Contract Theory	3
153	August 21, 2015 14:15-16:15	520E	contributed	Auctions: Entry and Asymmetries	4
415	August 21, 2015 14:15-16:15	522A	contributed	Contests	4
111	August 21, 2015 14:15-16:15	518A	contributed	Contracts: Theory and Applications	4
44	August 21, 2015 14:15-16:15	522B	contributed	Credit Risk and Credit Rating Agencies	4
401	August 21, 2015 14:15-16:15	524B	contributed	Currency Markets and Risk Premia	4
438	August 21, 2015 14:15-16:15	525B	contributed	Debt contracts	4
450	August 21, 2015 14:15-16:15	St-Antoine A Westin	contributed	Education and Labor Markets	4
194	August 21, 2015 14:15-16:15	518B	contributed	Empirical Analysis of School Choice Systems	3
10	August 21, 2015 14:15-16:15	Le Moyne Westin	contributed	Empirical Macro-finance	4
343	August 21, 2015 14:15-16:15	518C	contributed	Empirical Work on Incentives	3
272	August 21, 2015 14:15-16:15	521B	contributed	Experimentation and Testing	4
55	August 21, 2015 14:15-16:15	St-Paul Westin	contributed	Family and Labor Markets	4
93	August 21, 2015 14:15-16:15	Ramezay Westin	contributed	Financial Econometrics	4
254	August 21, 2015 14:15-16:15	Ste-Helene Westin	contributed	Financial Econometrics	4
315	August 21, 2015 14:15-16:15	524A	contributed	Firm Dynamics in Macro	4
79	August 21, 2015 14:15-16:15	523A	contributed	Fiscal Multipliers	3
465	August 21, 2015 14:15-16:15	St-Antoine B Westin	contributed	High Dimensional Econometrics	4
304	August 21, 2015 14:15-16:15	Ville-Marie A Westin	contributed	High-dimensional Dynamic Modeling	4
350	August 21, 2015 14:15-16:15	519A	contributed	Implications of Multinational Activity	3
224	August 21, 2015 14:15-16:15	Viger Westin	contributed	Labor Markets	4
175	August 21, 2015 14:15-16:15	523B	contributed	Macroeconomic Dynamics at the Zero Lower Bound	4
379	August 21, 2015 14:15-16:15	519B	contributed	Market Access and Development	3
78	August 21, 2015 14:15-16:15	520C	contributed	Markets with Behavioral Agents	4
181	August 21, 2015 14:15-16:15	520F	contributed	Measuring and Estimating Utility	4
431	August 21, 2015 14:15-16:15	525A	contributed	Monetary Policy	4
63	August 21, 2015 14:15-16:15	522C	contributed	Monetary Theory	4
411	August 21, 2015 14:15-16:15	521C	contributed	Network Games	3
110	August 21, 2015 14:15-16:15	517C	contributed	Online Auctions and Marketplaces	4
301	August 21, 2015 14:15-16:15	Mc Gill Westin	contributed	Panel Data in Economics	3
27	August 21, 2015 14:15-16:15	520B	contributed	Political Economy (Empirical)	4
208	August 21, 2015 14:15-16:15	521A	contributed	Political Economy - Elections	4
95	August 21, 2015 14:15-16:15	447	contributed	Principal-agent Models	3
243	August 21, 2015 14:15-16:15	Beaver Hall Westin	contributed	Quantile Regression	4
7	August 21, 2015 14:15-16:15	520A	contributed	Search, Learning and Information Aggregation	4
237	August 21, 2015 14:15-16:15	Palais Westin	contributed	Semiparametric and Nonparametric Methods	4
466	August 21, 2015 14:15-16:15	517B	contributed	Testing	4
107	August 21, 2015 14:15-16:15	520D	contributed	Theoretical Foundations for Computational Economics	4
417	August 21, 2015 14:15-16:15	524C	contributed	Unconventional Monetary Policy	4

 

392 sessions, 1300 papers, and 0 presentations with no associated papers

Econometric Society 2015 World Congress
Detailed List of Sessions

Session ID 262: Structural Retirement Savings Models August 17, 2015 11:15 to 12:45 Ste-Helene Westin
Session Chair: Susan Thorp, University of Sydney
Session type: contributed
1. Medicaid Insurance in Old Age
By Eric French; University College London
presented by: Eric French, University College London
2. Long-term Care Insurance, Annuities, and the Under-insurance Puzzle
By John Ameriks; The Vanguard Group, Inc. Joseph Briggs; New York University Andrew Caplin; New York University Matthew Shapiro; University of Michigan Christopher Tonetti; Stanford GSB
presented by: Joseph Briggs, New York University
3. Retirement Savings: A Tale of Decisions and Defaults
By Loretti Dobrescu; University of New South Wales Xiaodong Fan; UNSW Hazel Bateman; UNSW Ben Newell; UNSW Andreas Ortmann; Australian School of Business, UNSW Susan Thorp; University of Sydney
presented by: Susan Thorp, University of Sydney
Session ID 265: Perspectives on Structural Transformation August 17, 2015 11:15 to 12:45 448
Session Chair: Elisa Keller, Durham University Business School
Session type: contributed
1. Education Policies and Structural Transformation
By Pedro Ferreira; Fundação Getulio Vargas Alexander Monge-Naranjo; Federal Reserve Bank of St. Louis Luciene Pereira; Fundacao Getulio Vargas
presented by: Luciene Pereira, Fundacao Getulio Vargas
2. Industrialization and the Evolution of Enforcement Institutions
By Toshihiko Mukoyama; University of Virginia Latchezar Popov; University of Virginia
presented by: Latchezar Popov, University of Virginia
3. Technological Change, Labor Supply and Gender Differences in Occupational Choice
By Elisa Keller; Durham University Business School
presented by: Elisa Keller, Durham University Business School
Session ID 270: Dynamic Trading August 17, 2015 11:15 to 12:45 520D
Session Chair: Jaehong Kim, Chapman University
Session type: contributed
1. Transparency of Outside Options in Bargaining
By Ilwoo Hwang; University of Miami Fei Li; University of North Carolina Chapel Hill
presented by: Fei Li, University of North Carolina Chapel Hill
2. Collapsing Confidence: Dynamic Trading With Developing Adverse Selection
By Ilwoo Hwang; University of Miami
presented by: Ilwoo Hwang, University of Miami
3. Equilibrium Wage Rigidity in Directed Search
By Gabriele Camera; Chapman University Jaehong Kim; Chapman University
presented by: Jaehong Kim, Chapman University
Session ID 18: Price Competition August 17, 2015 11:15 to 12:45 522A
Session Chair: Daniel Gottlieb, University of Pennsylvania
Session type: contributed
1. Price Competition With Satisficing Consumers
By Mauro Papi; University of Aberdeen
presented by: Mauro Papi, University of Aberdeen
2. The Double Diamond Paradox
By Maarten Janssen; University of Vienna
presented by: Maarten Janssen, University of Vienna
3. Perfect Competition in Markets With Adverse Selection
By Daniel Gottlieb; University of Pennsylvania Eduardo Azevedo; Wharton
presented by: Daniel Gottlieb, University of Pennsylvania
Session ID 30: Models of Consumer Demand August 17, 2015 11:15 to 12:45 521B
Session Chair: Andrew Ching, University of Toronto
Session type: contributed
1. Cash-constrained Households and Product Size
By Tiago Pires; University of North Carolina Alberto Salvo; NUS
presented by: Tiago Pires, University of North Carolina
2. Multiproduct Retailing and Consumer Shopping Patterns: The Role of Shopping Costs
By Jorge Florez Acosta; Toulouse School of Economics Daniel Herrera; Toulouse School of Economics
presented by: Jorge Florez Acosta, Toulouse School of Economics
3. The Effects of Publicity on Demand: The Case of Anti-cholesterol Drugs
By Andrew Ching; University of Toronto Robert Clark; HEC Montreal Ignatius Horstmann; University of Toronto Hyunwoo Lim; Ajou University
presented by: Andrew Ching, University of Toronto
Session ID 35: Financial Markets: Ambiguity, Volatility, Frictions and Predictions August 17, 2015 11:15 to 12:45 522B
Session Chair: Filippo Massari, University of New South Wales
Session type: contributed
1. General Equilibrium, Risk Loving, Ambiguity and Volatility
By Aloisio Araujo; IMPA and FGV Alain Chateauneuf; Universite de Paris 1 Juan Pablo Gama Torres; Instituto Nacional de Matemática Pura e Aplicada Rodrigo Novinski; Faculdades Ibmec-RJ
presented by: Juan Pablo Gama Torres, Instituto Nacional de Matemática Pura e Aplicada
2. How to Use Markets to Make Predictions
By Filippo Massari; University of New South Wales
presented by: Filippo Massari, University of New South Wales
Session ID 43: Experiments with Limited or Incomplete Information August 17, 2015 11:15 to 12:45 518A
Session Chair: Adam Sanjurjo, Universidad de Alicante
Session type: contributed
1. Is No News (Perceived as) Bad News? An Experimental Investigation of Information Disclosure
By Ginger Jin; University of Maryland Michael Luca; Harvard Business School Daniel Martin; Paris School of Economics
presented by: Daniel Martin, Paris School of Economics
2. Choice, Deferral and Consistency
By Miguel Costa-Gomes; University of St. Andrews Carlos Cueva; University of Alicante Georgios Gerasimou; University of St Andrews
presented by: Miguel Costa-Gomes, University of St. Andrews
3. Response Functions
By Carlos Oyarzun; University of Queensland Adam Sanjurjo; Universidad de Alicante Hien Nguyen; University of Queensland
presented by: Adam Sanjurjo, Universidad de Alicante
Session ID 299: Fractional Time Series August 17, 2015 11:15 to 12:45 Mc Gill Westin
Session Chair: Daniela Osterrieder, Rutgers Business School and CREATES
Session type: contributed
1. On an Estimation Method for an Alternative Fractionally Cointegrated Model
By Federico Carlini; Aarhus University and CREATES Katarzyna Lasak; Vrije Universiteit and Tinbergen Institute
presented by: Katarzyna Lasak, Vrije Universiteit and Tinbergen Institute
2. Unbalanced Regressions and the Predictive Equation
By Daniela Osterrieder; Rutgers Business School and CREATES
presented by: Daniela Osterrieder, Rutgers Business School and CREATES
Session ID 309: The Political Economy of Institutions August 17, 2015 11:15 to 12:45 520E
Session Chair: Jiabin Wu, University of Oregon
Session type: contributed
1. The Political Roots of Inequality and Inefficiency: An Evolutionary Model Under Political Institutions
By Jiabin Wu; University of Oregon
presented by: Jiabin Wu, University of Oregon
2. Efficiency of Flexible Budgetary Institutions
By Renee Bowen; Stanford University Ying Chen; Johns Hopkins University Hulya Eraslan; Rice University Jan Zapal; CERGE-EI & IAE-CSIC and Barcelona Graduate School of Economics
presented by: Jan Zapal, CERGE-EI & IAE-CSIC and Barcelona Graduate School of Economics
3. Self-enforcing Trade Agreements, Dispute Settlement and Separation of Powers
By Kristy Buzard; Syracuse University
presented by: Kristy Buzard, Syracuse University
Session ID 54: Health and Education August 17, 2015 11:15 to 12:45 Le Moyne Westin
Session Chair: Bettina Siflinger, University of Mannheim
Session type: contributed
1. Long-term Effects of Kangaroo Mother Care (KMC) Program on Education and Labor Outcomes: Evidence From a Randomized Control Trial
By Darwin Cortes; Universidad del Rosario Juan Gallego; Universidad del Rosario Dario Maldonado; Universidad de los Andes
presented by: Darwin Cortes, Universidad del Rosario
2. Long-term Impacts of Vouchers for Vocational Training: Experimental Evidence for Colombia
By Orazio Attanasio; University College London Arlen Guarin; Banco de la República Carlos Medina; Banco de la República Costas Meghir; Yale University
presented by: Arlen Guarin, Banco de la República
3. The Effects of a Universal Child Care Reform on Child Health: Evidence from Sweden
By Bettina Siflinger; University of Mannheim Gerard van den Berg; University of Mannheim
presented by: Bettina Siflinger, University of Mannheim
Session ID 311: Market Experiments August 17, 2015 11:15 to 12:45 520F
Session Chair: Kirill Pogorelskiy, University of Warwick
Session type: contributed
1. Supply Function Competition, Market Power, and the Winner's Curse: A Laboratory Study
By Anna Bayona; ESADE Business Schools Jordi Brandts; Institute of Economic Analysis (CSIC) Xavier Vives; IESE Business School
presented by: Anna Bayona, ESADE Business Schools
2. Call Market Experiments: Efficiency and Price Discovery Through Multiple Calls and Emergent Newton Adjustments
By Charles Plott; California Institute of Technology Kirill Pogorelskiy; University of Warwick
presented by: Kirill Pogorelskiy, University of Warwick
Session ID 57: Offshoring, Networks and Relationships August 17, 2015 11:15 to 12:45 521C
Session Chair: Tim Schmidt-Eisenlohr, University of Illinois Urbana Champaign
Session type: contributed
1. Offshoring, Relationship Specificity, and Domestic Production Networks
By Taiji Furusawa; Hitotsubashi University Tomohiko INUI; Nihon University Keiko Ito; Senshu University Heiwai Tang; Johns Hopkins University
presented by: Taiji Furusawa, Hitotsubashi University
2. Networks of Oil Trade
By Farid Farrokhi; Pennsylvania State University
presented by: Farid Farrokhi, Pennsylvania State University
Session ID 326: Understanding the Great Recession August 17, 2015 11:15 to 12:45 St-Antoine B Westin
Session Chair: Adam Gulan, Bank of Finland
Session type: contributed
1. Trade and the Geographic Spread of the Great Recession
By Sebastian Stumpner; University of Montreal
presented by: Sebastian Stumpner, University of Montreal
2. Liquidity, Trends and the Great Recession
By Pablo Guerron-Quintana; Federal Reserve Bank of Philadelphia Ryo Jinnai; Texas A&M University
presented by: Ryo Jinnai, Texas A&M University
3. Kiss Me Deadly: From Finnish Great Depression to Great Recession
By Adam Gulan; Bank of Finland Markus Haavio; Bank of Finland Juha Kilponen; Bank of Finland
presented by: Adam Gulan, Bank of Finland
Session ID 71: Money, Banking, and General Equilibrium August 17, 2015 11:15 to 12:45 518B
Session Chair: Sebastián Cea, Paris School of Economics University Paris 1
Session type: contributed
1. Intertemporal Equilibrium With Financial Asset and Physical Capital
By Cuong Le Van; IPAG, CNRS, PSE, VCREME Ngoc Sang Pham; University of Evry
presented by: Ngoc Sang Pham, University of Evry
2. Credit Segmentation in General Equilibrium
By Sebastián Cea; Paris School of Economics University Paris 1 Juan Pablo Torres-Martínez; University of Chile
presented by: Sebastián Cea, Paris School of Economics University Paris 1
Session ID 73: Bargaining and Negotiation August 17, 2015 11:15 to 12:45 518C
Session Chair: Chang Zhao, Stony Brook University
Session type: contributed
1. Costless Delay in Negotiations
By Harold Houba; VU University Amsterdam
presented by: Harold Houba, VU University Amsterdam
2. Bargaining on the Sale of a New Innovation in the Presence of Potential Entry
By Yair Tauman; Stony Brook University Yoram Weiss; Tel-Aviv University Chang Zhao; Stony Brook University
presented by: Chang Zhao, Stony Brook University
Session ID 332: Identification and Inference in Econometric Models August 17, 2015 11:15 to 12:45 Villa Marie A Westin
Session Chair: Andres Aradillas-Lopez, Pennsylvania State University
Session type: contributed
1. Hidden Rust Models
By Benjamin Connault; Princeton University
presented by: Benjamin Connault, Princeton University
2. Discrete Choice Welfare Analysis: Further Results
By Debopam Bhattacharya; University of Oxford Ying-Ying Lee; University of Oxford
presented by: Debopam Bhattacharya, University of Oxford
3. Inference in Models With Partially Identified Control Functions
By Andres Aradillas-Lopez; Pennsylvania State University Shakeeb Khan; Duke University Elie Tamer; Harvard University
presented by: Andres Aradillas-Lopez, Pennsylvania State University
Session ID 80: Macroeconomics and Pricing August 17, 2015 11:15 to 12:45 524C
Session Chair: John Mondragon, UC Berkeley
Session type: contributed
1. House Prices, Local Demand, and Retail Prices
By Johannes Stroebel; New York University Joseph Vavra; University of Chicago
presented by: Joseph Vavra, University of Chicago
2. Sticker Shocks: VAT Changes and the Substitution Across Expenditure Categories
By Fernanda Nechio; Federal Reserve Bank of San Francisco Bart Hobijn; Federal Reserve Bank of San Francisco
presented by: Fernanda Nechio, Federal Reserve Bank of San Francisco
3. Seller's Attention in a Multiproduct Store
By Bulat Gafarov; Pennsylvania State University Daniel Greenwald; New York University John Mondragon; UC Berkeley Leonid Ogrel; Pennsylvania State University
presented by: John Mondragon, UC Berkeley
Session ID 352: Theoretical Issues in InternationalTrade August 17, 2015 11:15 to 12:45 447
Session Chair: Edwin Lai, Hong Kong University of Science and Technology
Session type: contributed
1. An Over-the-counter Approach to the FOREX Market
By Kukmo Jung; Henan University
presented by: Kukmo Jung, Henan University
2. Global Gains From Reduction of Trade Costs
By Edwin Lai; Hong Kong University of Science and Technology
presented by: Edwin Lai, Hong Kong University of Science and Technology
Session ID 97: Treatment Effects and Instrumental Variables August 17, 2015 11:15 to 12:45 St. Paul Westin
Session Chair: Hidehiko Ichimura, University of Tokyo
Session type: contributed
1. Estimation of Average Treatment Effects in a Stratified Randomized Design With Imbalance in Covariates
By Sergio Firpo; Fundacao Getulio Vargas
presented by: Sergio Firpo, Fundacao Getulio Vargas
2. Sharp Regression Discontinuity With Multiple Running Variables
By Jinyoung Choi; Goethe University Frankfurt Myoung-Jae Lee; Korea University
presented by: Jinyoung Choi, Goethe University Frankfurt
3. Conditioning Variables in Program Evaluation Methods
By Hidehiko Ichimura; University of Tokyo
presented by: Hidehiko Ichimura, University of Tokyo
Session ID 98: Dynamics and Panels August 17, 2015 11:15 to 12:45 Ramezay Westin
Session Chair: Dennis Kristensen, University College London
Session type: contributed
1. Earnings Dynamics With Heteroskedastic Permanent Shocks
By Irene Botosaru; Simon Fraser University Yuya Sasaki; Johns Hopkins University
presented by: Yuya Sasaki, Johns Hopkins University
2. Retail Payment Innovations and Cash Usage: Accounting for Attrition Using Refreshment Samples
By Heng Chen; Bank of Canada Marie-Helene Felt; Carleton University Kim Huynh; Bank of Canada
presented by: Marie-Helene Felt, Carleton University
3. CCP and the Estimation of Nonseparable Dynamic Models
By Dennis Kristensen; University College London Lars Nesheim; University College London Aureo de Paula; UCL
presented by: Dennis Kristensen, University College London
Session ID 104: Financing Under Uncertainty August 17, 2015 11:15 to 12:45 519A
Session Chair: Marco Del Negro, Federal Reserve Bank of New York
Session type: contributed
1. Bailout Stigma
By Yeon-Koo Che; Columbia University Chongwoo Choe; Monash University Keeyoung Rhee; Columbia University
presented by: Keeyoung Rhee, Columbia University
2. A Theory of Money Creation by Banks and Central Banking in a Two-date Economy
By Tianxi Wang; University of Essex
presented by: Tianxi Wang, University of Essex
3. When Does a Central Bank's Balance Sheet Require Fiscal Support?
By Marco Del Negro; Federal Reserve Bank of New York Christopher Sims; Princeton University
presented by: Marco Del Negro, Federal Reserve Bank of New York
Session ID 112: International Trade and Competition August 17, 2015 11:15 to 12:45 522C
Session Chair: Michal Fabinger, University of Tokyo
Session type: contributed
1. Monotone Comparative Statics for the Industry Composition
By Anders Laugesen; Aarhus University
presented by: Anders Laugesen, Aarhus University
2. A Tractable Approach to Pass-through Patterns
By Michal Fabinger; University of Tokyo E. Weyl; Microsoft Corporation
presented by: Michal Fabinger, University of Tokyo
Session ID 113: Statistical Methods and Their Applications to Economics August 17, 2015 11:15 to 12:45 Viger Westin
Session Chair: James MacKinnon, Queen's University
Session type: contributed
1. Dynamic Panel Data Models With Irregular Spacing, With an Application to Early Childhood Development
By Daniel Millimet; Southern Methodist University
presented by: Daniel Millimet, Southern Methodist University
2. Wild Cluster Bootstrap Confidence Intervals
By James MacKinnon; Queen's University
presented by: James MacKinnon, Queen's University
Session ID 369: Analyzing The Impacts of Government Policies August 17, 2015 11:15 to 12:45 524A
Session Chair: Christine Ho, Singapore Management University
Session type: contributed
1. Reinvestigating How Welfare Reform Influences Labor Supply: A Multiple Testing Approach
By Steven Lehrer; Queen's University and National Bureau of Economic Research Vincent Pohl; Queen's University Kyungchul (Kevin) Song; University of British Columbia
presented by: Steven Lehrer, Queen's University and National Bureau of Economic Research
2. Ex-ante Effects of Stricter Selection for Disability Insurance
By Jonneke Bolhaar; VU University Amsterdam
presented by: Jonneke Bolhaar, VU University Amsterdam
3. Optimal Social Insurance and Universal Day Care
By Christine Ho; Singapore Management University
presented by: Christine Ho, Singapore Management University
Session ID 116: Strategic Choice in Education August 17, 2015 11:15 to 12:45 Palais Westin
Session Chair: S. Pelin Akyol, Bilkent University
Session type: contributed
1. Estimating Preferences in School Choice Mechanisms: Theoretical Foundation and Empirical Approaches
By Gabrielle Fack; Université Paris 1 Panthéon Sorbonne Julien Grenet; Paris School of Economics Yinghua He; Toulouse School of Economics
presented by: Yinghua He, Toulouse School of Economics
2. Hit or Miss? Test Taking Behavior in Multiple Choice Exams
By S. Pelin Akyol; Bilkent University James Key; Pennsylvania State University Kala Krishna; Pennsylvania State University
presented by: S. Pelin Akyol, Bilkent University
3. Cost and Risk Sharing in Higher Education
By Yi Li; University of Wisconsin Madison
presented by: Yi Li, University of Wisconsin Madison
Session ID 130: Biases and Risk Attitudes: Experimental Evidence August 17, 2015 11:15 to 12:45 519B
Session Chair: Joshua Miller, Bocconi University
Session type: contributed
1. An Empirical Evaluation of the Toolbox Model of Lottery Choices
By Dale Stahl; University of Texas Austin
presented by: Dale Stahl, University of Texas Austin
2. Where You Stand Affects the Risks You Take: Socially Reference Dependent Risk Attitudes
By Jaimie Lien; Chinese University of Hong Kong and Tsinghua University Jie Zheng; Tsinghua University
presented by: Jaimie Lien, Chinese University of Hong Kong and Tsinghua University
3. A Cold Shower for the Hot Hand Fallacy
By Joshua Miller; Bocconi University Adam Sanjurjo; Universidad de Alicante
presented by: Joshua Miller, Bocconi University
Session ID 143: Contest Theory August 17, 2015 11:15 to 12:45 520A
Session Chair: Daniel Kovenock, Chapman University
Session type: contributed
1. Revenue Maximizing Head Starts in Contests
By Joerg Franke; TU Dortmund University Wolfgang Leininger; Universitaet Dortmund Cédric Wasser; University of Bonn
presented by: Joerg Franke, TU Dortmund University
2. Keep on Fighting: Dynamic Win Effects in an All-pay Auction
By Derek Clark; Tromso University Business School Tore Nilssen; University of Oslo Jan Yngve Sand; University of Tromsø
presented by: Tore Nilssen, University of Oslo
3. Generalizations of the General Lotto and Colonel Blotto Games
By Dan Kovenock; Chapman University Brian Roberson; Purdue University
presented by: Daniel Kovenock, Chapman University
Session ID 399: Volatility Risk in Finance August 17, 2015 11:15 to 12:45 517B
Session Chair: Cedric Okou, University of Quebec at Montreal
Session type: contributed
1. Price vs. Quantity in theTerm Structure of Variance Risk Premia
By Marianne Andries; Toulouse School of Economics Thomas Eisenbach; Federal Reserve Bank of New York Martin Schmalz; University of Michigan Yichuan Wang; University of Michigan
presented by: Yichuan Wang, University of Michigan
2. The Price of Variance Risk
By Ian Dew-Becker; Northwestern University Kellogg School of Management Stefano Giglio; University of Chicago Anh Le; University of North Carolina Chapel Hill Marius Rodriguez; Board of Governors of the Federal Reserv
presented by: Anh Le, University of North Carolina Chapel Hill
3. Downside Variance Risk Premium
By BRUNO FEUNOU; Bank of Canada Mohammad Jahan-Parvar; Federal Reserve Board Cedric Okou; University of Quebec at Montreal
presented by: Cedric Okou, University of Quebec at Montreal
Session ID 416: Ambiguity Aversion August 17, 2015 11:15 to 12:45 517C
Session Chair: Christian Kellner, University of Bonn
Session type: contributed
1. Blackwell's Informativeness Ranking with Uncertainty Averse Preferences
By Jian Li; McGill University Junjie Zhou; Shanghai University of Finance and Economics
presented by: Jian Li, McGill University
2. A Note on Comparative Ambiguity Aversion and Justifiability
By Pierpaolo Battigalli; Bocconi University
presented by: Pierpaolo Battigalli, Bocconi University
3. Endogenous Ambiguity in Cheap Talk
By Christian Kellner; University of Bonn Mark Thordal Le Quement; Department of Economics
presented by: Christian Kellner, University of Bonn
Session ID 433: Entrepreneurship August 17, 2015 11:15 to 12:45 521A
Session Chair: Raquel Fonseca, Université du Québec à Montréal
Session type: contributed
1. The Growth Potential of Startups Over the Business Cycle
By Vincent Sterk; University College London Petr Sedlacek; Bonn University
presented by: Vincent Sterk, University College London
2. A Missing Generation of Firms? Aggregate Effects of the Decline in New Business Formation
By Francois Gourio; FRB Chicago Todd Messer; FRB Chicago Michael Siemer; Federal Reserve System Board of Governors
presented by: Michael Siemer, Federal Reserve System Board of Governors
3. Health Insurance and Entrepreneurship
By Raquel Fonseca; Université du Québec à Montréal Vincenzo Quadrini; USC
presented by: Raquel Fonseca, Université du Québec à Montréal
Session ID 192: Information Disclosure August 17, 2015 11:15 to 12:45 520B
Session Chair: Simone Galperti, University of California, San Diego
Session type: contributed
1. Strategic Communication and Group Formation
By Sourav Bhattacharya; University of Pittsburgh Ming Li; Concordia University
presented by: Ming Li, Concordia University
2. Quid Pro Quo: Friendly Information Exchange Between Rivals
By Andreas Blume; University of Arizona In-Uck Park; University of Bristol
presented by: In-Uck Park, University of Bristol
3. Hide or Surprise? Persuasion Without Common-support Priors
By Simone Galperti; University of California San Diego
presented by: Simone Galperti, University of California San Diego
Session ID 196: Matching Market Design August 17, 2015 11:15 to 12:45 523A
Session Chair: Timo Mennle, University of Zurich
Session type: contributed
1. Constraints on Matching Markets Based on Moral Concerns
By Katharina Huesmann; University of Cologne Achim Wambach; University of Cologne
presented by: Katharina Huesmann, University of Cologne
2. Short Lists in Centralized Clearinghouses
By Nick Arnosti; Stanford University
presented by: Nick Arnosti, Stanford University
3. An Axiomatic Approach to Characterizing and Relaxing Strategyproofness of Assignment Mechanisms
By Timo Mennle; University of Zurich Sven Seuken; University of Zurich
presented by: Timo Mennle, University of Zurich
Session ID 453: Advances in Econometric Models of Choice Test August 17, 2015 11:15 to 12:45 Villa Marie B Westin
Session Chair: Arie Beresteanu, University of Pittsburgh
Session type: contributed
1. Identification and Estimation of Continuous Time Dynamic Discrete Choice Games
By Jason Blevins; Ohio State University
presented by: Jason Blevins, Ohio State University
2. A Similarity Based Model for Ordered Categorical Data
By Gabi Gayer; Bar-Ilan University Offer Lieberman; Bar-Ilan University Omer Yaffe; Bar-Ilan University
presented by: Offer Lieberman, Bar-Ilan University
3. Estimation of Preferences When Agents Report Ranking
By Arie Beresteanu; University of Pittsburgh Federico Zincenko; University of Pittsburgh
presented by: Arie Beresteanu, University of Pittsburgh
Session ID 205: Asymmetric Information in Financial Markets August 17, 2015 11:15 to 12:45 525A
Session Chair: Konstantinos E. Zachariadis, London School of Economics
Session type: contributed
1. Information Spillovers in Asset Markets With Correlated Values
By Vladimir Asriyan; CREi Brett Green; UC Berkeley--Haas School of Business William Fuchs; University of California - Berkeley
presented by: Vladimir Asriyan, CREi
2. Information Aggregation in a Competitive Economy
By Rohit Rahi; London School of Economics Jean-Pierre Zigrand; London School of Economics
presented by: Rohit Rahi, London School of Economics
Session ID 467: Forecasting August 17, 2015 11:15 to 12:45 St-Antoine A Westin
Session Chair: Barbara Rossi, ICREA Universitat Pompeu Fabra Barcelona
Session type: contributed
1. Inflation and Professional Forecast Dynamics: An Evaluation of Stickiness, Persistence and Volatility
By Elmar Mertens; Federal Reserve Board James Nason; North Carolina State University
presented by: James Nason, North Carolina State University
2. Filtering, Prediction and Simulation Methods for Noncausal Processes
By Joann Jasiak; York University
presented by: Joann Jasiak, York University
3. In-sample Inference and Forecasting in Misspecified Factor Models
By Marine Carrasco Barbara Rossi; ICREA Universitat Pompeu Fabra Barcelona GSE
presented by: Barbara Rossi, ICREA Universitat Pompeu Fabra Barcelona
Session ID 217: Growth and Investment August 17, 2015 11:15 to 12:45 525B
Session Chair: Veronica Mies, Pontificia Universidad Catolica de Chile
Session type: contributed
1. Research Policy and U.S. Economic Growth
By Richard M. H. Suen; University of Connecticut
presented by: Richard M. H. Suen, University of Connecticut
2. Technological Absorptive Capacity and Development Stage: Disentangling Barriers to Riches
By Rodrigo Fuentes; Pontificia Universidad Católica de Chil Verónica Mies; P. Universidad Católica de Chile
presented by: Veronica Mies, Pontificia Universidad Catolica de Chile
3. Sovereign Default, Private Investment, and Economic Growth
By Nils Mattis Gornemann; International Finance Board of Governors
presented by: Nils Mattis Gornemann, International Finance Board of Governors
Session ID 240: Advances in Inference Methods August 17, 2015 11:15 to 12:45 Beaver Hill Westin
Session Chair: Seojeong Lee, University of New South Wales
Session type: contributed
1. Diagnostics for the Bootstrap and Fast Double Bootstrap
By Russell Davidson; McGill University
presented by: Russell Davidson, McGill University
2. Asymptotics for Maximum Score Method Under General Conditions
By Myung Hwan Seo; Seoul National University Taisuke Otsu; London School of Economics
presented by: Taisuke Otsu, London School of Economics
3. A Consistent Variance Estimator for 2SLS When Instruments Identify Different LATEs
By Seojeong Lee; University of New South Wales
presented by: Seojeong Lee, University of New South Wales
Session ID 245: Amibiguity: Theory and Applications August 17, 2015 11:15 to 12:45 520C
Session Chair: Asen Kochov, University of Rochester
Session type: contributed
1. Numerical Representation of Convex Preferences Over Anscombe-Aumann Acts
By Patrick Cheridito; Princeton University Freddy Delbaen; ETH Zurich Samuel Drapeau; Humboldt University Berlin Michael Kupper; Humboldt University Berlin
presented by: Patrick Cheridito, Princeton University
2. Exchangeable Capacities, Parameters and Incomplete Theories
By Larry Epstein; Boston University Kyoungwon Seo; Korea Advanced Institute of Science and
presented by: Larry Epstein, Boston University
3. Stationary Cardinal Utility
By Asen Kochov; University of Rochester
presented by: Asen Kochov, University of Rochester
Session ID 368: The Family and the Economy August 17, 2015 11:15 to 12:45 523B
Session Chair: Christian Bredemeier, University of Cologne
Session type: contributed
1. Happily Ever After? Intrahousehold Bargaining and the Distribution of Utility Within Marriage
By Dirk Bethmann; Korea University Robert Rudolf; Korea University
presented by: Dirk Bethmann, Korea University
2. Wage Gaps, Earnings Gaps and the Market Power of Employers
By Christian Bredemeier; University of Cologne
presented by: Christian Bredemeier, University of Cologne
3. Retired But Not Withdrawn: Does Retirement Induce Participation in Social Activities?
By Anne Laferrere; Institut National de la Statistique et des Études Économiques
presented by: Anne Laferrere, Institut National de la Statistique et des Études Économiques
Session ID 388: Models for Climate Policy August 17, 2015 11:15 to 12:45 524B
Session Chair: Christian Traeger, University of California Berkeley
Session type: contributed
1. Analytic Integrated Assessment and Uncertainty
By Christian Traeger; University of California Berkeley
presented by: Christian Traeger, University of California Berkeley
2. Managing Catastrophic Climate Risks Under Model Uncertainty Aversion
By Loic Berger; Fondazione Eni Enrico Mattei Johannes Emmerling; Fondazione Eni Enrico Mattei Massimo Tavoni; Fondazione Eni Enrico Mattei
presented by: Loic Berger, Fondazione Eni Enrico Mattei
3. Climate Policy and Innovation: A Quantitative Macroeconomic Analysis
By Stephie Fried; University of California San Diego
presented by: Stephie Fried, University of California San Diego
Session ID 5: Dynamics in Market Places August 17, 2015 14:15 to 16:15 Le Moyne Westin
Session Chair: Emily Wang, University of Massachusetts Amherst
Session type: contributed
1. Identification and Estimation of Forward-looking Behavior: The Case of Consumer Stockpiling
By Andrew Ching; University of Toronto Matthew Osborne; University of Toronto
presented by: Matthew Osborne, University of Toronto
2. Solution and Estimation of Dynamic Structural Models Using an Euler Equations Mapping
By Victor Aguirregabiria; University of Toronto Arvind Magesan; University of Calgary
presented by: Arvind Magesan, University of Calgary
3. Consumer Demand With Unobserved Stockpiling and Intertemporal Price Discrimination
By Pierre Dubois; Toulouse School of Economics Thierry Magnac; Toulouse School of Economics
presented by: Thierry Magnac, Toulouse School of Economics
Session ID 8: Reputations August 17, 2015 14:15 to 16:15 520D
Session Chair: Benjamin Sperisen, University of Texas Austin
Session type: contributed
1. Reputation and Attention
By Heski Bar-Isaac; University of Toronto Joyee Deb; Yale University
presented by: Joyee Deb, Yale University
2. Reputations Under Imperfect Monitoring With a Control and Information Theoretic Approach
By Nuh Aygun Dalkiran; Bilkent University Serdar Yuksel; Queen's University
presented by: Serdar Yuksel, Queen's University
3. The Value of a Reputation Under Imperfect Monitoring
By Martin Cripps; University College London Eduardo Faingold; Yale University
presented by: Eduardo Faingold, Yale University
4. Bounded Memory, Reputation, and Impatience
By Benjamin Sperisen; University of Texas Austin
presented by: Benjamin Sperisen, University of Texas Austin
Session ID 264: Inflation and Inequality August 17, 2015 14:15 to 16:15 523A
Session Chair: Clodomiro Ferreira, European University Institute
Session type: contributed
1. Inflation Expecations and Consumption Expenditure
By Francesco D'Acunto; University of California at Berkeley Daniel Hoang; Karlsruhe Institute of Technology Michael Weber; University of Chicago
presented by: Michael Weber, University of Chicago
2. The Welfare Cost of Inflation Risk Under Imperfect Insurance
By Yann Algan; Sciences Po Olivier Allais; INRA Paris Edouard Challe; Ecole Polytechnique Xavier Ragot; Paris School of Economics
presented by: Olivier Allais, INRA Paris
3. Estimation of Household Account Adoption Costs: The Case of ATM Cards in Italy
By Kim Huynh; Bank of Canada Philipp Schmidt-Dengler; University of Vienna Gregor Smith; Queen's University Angelika Welte; Bank of Canada
presented by: Angelika Welte, Bank of Canada
4. Housing Debt and the Transmission of Monetary Policy
By James Cloyne; Bank of England Clodomiro Ferreira; European University Institute Paolo Surico; London Business School
presented by: Clodomiro Ferreira, European University Institute
Session ID 11: Factor Analysis August 17, 2015 14:15 to 16:15 517B
Session Chair: Jushan Bai, Columbia University
Session type: contributed
1. Inference on the Number of Factors in Factor Models
By Lorenzo Trapani; City University London Cass Business School
presented by: Lorenzo Trapani, City University London Cass Business School
2. Inferential Theory for FAVAR Models Under Structural Restrictions
By Jushan Bai; Columbia University
presented by: Jushan Bai, Columbia University
3. Factor Augmented Autoregressive Distributed Lag Models with Macroeconomic Applications
By Dalibor Stevanovic; Université du Québec à Montréal
presented by: Dalibor Stevanovic, Université du Québec à Montréal
4. A Diagnostic Criterion for Approximate Factor Structure
By Patrick Gagliardini; University of Lugano Elisa Ossola; University of Lugano Olivier Scaillet; University of Geneva Swiss Finance Institute
presented by: Olivier Scaillet, University of Geneva Swiss Finance Institute
Session ID 15: Empirical Analysis of Asymmetric Information August 17, 2015 14:15 to 16:15 St-Paul Westin
Session Chair: Pietro Tebaldi, Stanford University
Session type: contributed
1. Cheap Talk, Round Numbers, and the Economics of Negotiation
By Matthew Backus; Columbia University Tom Blake; eBay Steven Tadelis; University of California Berkeley
presented by: Matthew Backus, Columbia University
2. Regulation and Incentives in Health Insurance Exchanges: Identification and Analysis of Pricing Equilibrium
By Pietro Tebaldi; Stanford University
presented by: Pietro Tebaldi, Stanford University
Session ID 275: Auctions and Contests August 17, 2015 14:15 to 16:15 521B
Session Chair: Konrad Mierendorff, Univserity College London
Session type: contributed
1. Foreclosure Auctions
By Andras Niedermayer; University of Mannheim Artyom Shneyerov; Concordia University, CIRANO, CIREQ Pai XU; University of Hong Kong
presented by: Andras Niedermayer, University of Mannheim
2. Dissolving Partnerships Optimally
By Simon Loertscher; University of Melbourne Cédric Wasser; University of Bonn
presented by: Cédric Wasser, University of Bonn
3. Fairness Condition for Unfair Contests: Multi-dimensional Favoritism With Asymmetric Players
By Xiaoyu Cheng; Tsinghua University Jie Zheng; Tsinghua University
presented by: Xiaoyu Cheng, Tsinghua University
4. Auctions With Limited Commitment
By Qingmin Liu; Columbia University Konrad Mierendorff; University College London Xianwen Shi; University of Toronto
presented by: Konrad Mierendorff, Univserity College London
Session ID 23: DSGE Models August 17, 2015 14:15 to 16:15 Ville-Marie A Westin
Session Chair: Tim Robinson, University of Melbourne
Session type: contributed
1. Understanding Volatility Shocks in Real Models
By Hernan Seoane; Universidad Carlos III de Madrid
presented by: Hernan Seoane, Universidad Carlos III de Madrid
2. The Output and Welfare Effects of Fiscal Shocks Over the Business Cycle
By Jonathan Wolff; Miami University Eric Sims; University of Notre Dame
presented by: Jonathan Wolff, Miami University
3. Optimal Automatic Stabilizers
By Alisdair McKay; Boston University Ricardo Reis; Columbia University
presented by: Alisdair McKay, Boston University
4. Estimating DSGE Models With Forward Guidance
By Mariano Kulish; University of New South Wales James Morley; University of New South Wales Tim Robinson; University of Melbourne
presented by: Tim Robinson, University of Melbourne
Session ID 28: Innovation and Firm Performance August 17, 2015 14:15 to 16:15 Ramezay Westin
Session Chair: Sophie Osotimehin, University of Virginia
Session type: contributed
1. Can Innovation Help U.S. Manufacturing Firms Escape Import Competition From China?
By Johan Hombert; HEC Paris Adrien Matray; HEC-Paris
presented by: Johan Hombert, HEC Paris
2. Foreign Ownership and Firm Productivity: Evidence from a Large Sample of Countries
By Andreas Waldkirch; Colby College
presented by: Andreas Waldkirch, Colby College
3. Testing the Theory of Multitasking: Evidence From a Natural Field Experiment in Chinese Factories
By Fuhai Hong; Nanyang Technological University Tanjim Hossain; University of Toronto John List; University of Chicago Migiwa Tanaka; Wilfrid Laurier University
presented by: Migiwa Tanaka, Wilfrid Laurier University
4. Barriers to Reallocation and Economic Growth: The Case of Firing Costs
By Toshihiko Mukoyama; University of Virginia Sophie Osotimehin; University of Virginia
presented by: Sophie Osotimehin, University of Virginia
Session ID 41: Uncertainty and Business Cycles August 17, 2015 14:15 to 16:15 Ville-Marie B Westin
Session Chair: Robert Ulbricht, Toulouse School of Economics
Session type: contributed
1. New Look at Uncertainty Shocks: Imperfect Information and Misallocation
By Tatsuro Senga; Ohio State University
presented by: Tatsuro Senga, Ohio State University
2. Learning, Confidence, and Business Cycles
By Cosmin Ilut; Duke University Hikaru Saijo; University of California Santa Cruz
presented by: Hikaru Saijo, University of California Santa Cruz
3. Coordinating Business Cycles
By Edouard Schaal; New York University Mathieu Taschereau-Dumouchel; University of Pennsylvania Wharton School of Business
presented by: Mathieu Taschereau-Dumouchel, University of Pennsylvania Wharton School of Business
4. Endogenous Uncertainty and Credit Crunches
By Ludwig Straub; MIT Robert Ulbricht; Toulouse School of Economics
presented by: Robert Ulbricht, Toulouse School of Economics
Session ID 302: Advances in VAR Modelling August 17, 2015 14:15 to 16:15 520A
Session Chair: Bin Chen, University of Rochester
Session type: contributed
1. A Reliable and Testable Alternative to Long-run Restrictions in Structural VAR Models
By Florian Pelgrin; EDHEC Business School Alain Guay; UQAM
presented by: Florian Pelgrin, EDHEC Business School
2. Identifying Shocks in Structural VAR Models Via Heteroskedasticity: A Bayesian Approach
By Dmitry Kulikov; Eesti Pank Aleksei Netsunajev; Freie Universitat Berlin
presented by: Dmitry Kulikov, Eesti Pank
3. Monetary and Financial Stability Policy: Unconventional Monetary Policy, Leverage and Financial Stress
By Kirstin Hubrich; European Central Bank Daniel Waggoner; Federal Reserve Bank of Atlanta
presented by: Kirstin Hubrich, European Central Bank
4. Testing for Fundamental Vector Moving Average Representations
By Bin Chen; University of Rochester Jinho Choi; The Bank of Korea Juan Carlos Escanciano; Indiana University
presented by: Bin Chen, University of Rochester
Session ID 305: Inference Under Weak or Partial Identification August 17, 2015 14:15 to 16:15 520B
Session Chair: Sukjin Han, University of Texas Austin
Session type: contributed
1. On the Maximum and Minimum Response to an Impulse in SVARS
By Bulat Gafarov; Pennsylvania State University Jose-Luis Montiel-Olea; NYU
presented by: Bulat Gafarov, Pennsylvania State University
2. Efficient Size Correct Subset Inference in Linear Instrumental Variables Regression
By Frank Kleibergen; University of Amsterdam
presented by: Frank Kleibergen, University of Amsterdam
3. On the Computation of Size-correct Power-directed Tests With Null Hypotheses Characterized by Inequalities
By Adam McCloskey; Brown University
presented by: Adam McCloskey, Brown University
4. Estimation and Inference With (Nearly) Singular Jacobian
By Sukjin Han; University of Texas Austin Adam McCloskey; Brown University
presented by: Sukjin Han, University of Texas Austin
Session ID 308: Campaigns and Elections August 17, 2015 14:15 to 16:15 522B
Session Chair: Helios Herrera, HEC Montreal
Session type: contributed
1. Uncovering the "Will of the People": Measuring Preference Polarization Among Voters
By Sunanda Roy; Iowa State University
presented by: Sunanda Roy, Iowa State University
2. Ideology as Opinion: A Spatial Model of Common-value Elections
By Joseph McMurray; Brigham Young University
presented by: Joseph McMurray, Brigham Young University
3. An Agenda-setting Theory of Electoral Competition
By Tiberiu Dragu; New York University Xiaochen Fan; University of Illinois
presented by: Tiberiu Dragu, New York University
4. The Marginal Voter's Curse
By Helios Herrera; HEC Montreal Aniol Llorente-Saguer; Queen Mary, University of London Joseph McMurray; Brigham Young University
presented by: Helios Herrera, HEC Montreal
Session ID 62: Labor Market Dynamics: Theory and Evidence August 17, 2015 14:15 to 16:15 447
Session Chair: Mikhail Golosov, Princeton University
Session type: contributed
1. Unemployment Cycles
By Jan Eeckhout; University College London and Barcelona GSE-UPF Ilse Lindenlaub; New york university
presented by: Jan Eeckhout, University College London and Barcelona GSE-UPF
2. Heterogeneity and Unemployment Dynamics
By Hie Ahn; UCSD James Hamilton; University of California San Diego
presented by: James Hamilton, University of California San Diego
3. Agency Business Cycle
By Mikhail Golosov; Princeton University
presented by: Mikhail Golosov, Princeton University
Session ID 318: Liquidity in Financial Markets August 17, 2015 14:15 to 16:15 524B
Session Chair: Marco van der Leij, University of Amsterdam
Session type: contributed
1. Secondary Market Liquidity and the Optimal Capital Structure
By David Arseneau; Federal Reserve Board David Rappoport; Federal Reserve Board Alexandros Vardoulakis; Board of Governors of the Federal Reserve System
presented by: David Rappoport, Federal Reserve Board
2. Financial Fragility and Over-the-counter Markets
By Bruno Sultanum; Federal Reserve Bank of Richmond
presented by: Bruno Sultanum, Federal Reserve Bank of Richmond
3. Macro Prudential Policy With Liquidity Panics
By Alonso Villacorta; Stanford University Daniel Garcia-Macia; Stanford University
presented by: Alonso Villacorta, Stanford University
4. Liquidity Hoarding in the Interbank Market: Evidence From Mexican Interbank Overnight Loan and Repo Transactions
By Marco van der Leij; University of Amsterdam Serafín Martinez-Jaramillo; Banco de México Jose-Luis Molina-Borboa; Banco de México Fabrizio Lopez-Gallo; Banco de México
presented by: Marco van der Leij, University of Amsterdam
Session ID 64: Search in Housing and Asset Markets August 17, 2015 14:15 to 16:15 St-Antoine A Westin
Session Chair: Liang Wang, University of Hawaii Manoa
Session type: contributed
1. Failure to Launch: Housing, Debt Overhang, and the Inflation Option During the Great Recession
By Aaron Hedlund; University of Missouri
presented by: Aaron Hedlund, University of Missouri
2. Neighborhoods, House Prices, and Homeownership
By Allen Head; Queen's University Huw Lloyd-Ellis; Queen's University Derek Stacey; Ryerson University
presented by: Allen Head, Queen's University
3. Advertised Prices in Decentralized Markets
By Derek Stacey; Ryerson University
presented by: Derek Stacey, Ryerson University
4. Sticky Prices and Costly Credit
By Lucy Qian Liu; IMF Liang Wang; University of Hawaii Manoa Randall Wright; University of Wisconsin
presented by: Liang Wang, University of Hawaii Manoa
Session ID 338: ARCH and GARCH August 17, 2015 14:15 to 16:15 520C
Session Chair: Peter Boswijk, University of Amsterdam
Session type: contributed
1. Strict Stationarity, Persistence and Volatility Forecasting in ARCH(∞) Processes
By James Davidson; University of Exeter Xiaoyu Li; University of Exeter
presented by: James Davidson, University of Exeter
2. Estimating Multivariate GARCH and Stochastic Correlation Models Equation by Equation
By Christian Francq; CREST and Lille3 Jean-Michel Zakoian; Centre de Rocherche en Économie et Statistique (CREST)
presented by: Jean-Michel Zakoian, Centre de Rocherche en Économie et Statistique (CREST)
3. Targeting Estimation of CCC-GARCH Models With Infinite Fourth Moments
By Rasmus Pedersen; University of Copenhagen
presented by: Rasmus Pedersen, University of Copenhagen
4. Adaptive Wild Bootstrap Tests for a Unit Root With Nonstationary Volatility
By Peter Boswijk; University of Amsterdam Yang Zu; City University London
presented by: Peter Boswijk, University of Amsterdam
Session ID 346: Markets and Market Policy August 17, 2015 14:15 to 16:15 Ste-Helene Westin
Session Chair: Alvaro Riascos, Universidad de los Andes
Session type: contributed
1. The Welfare Effects of Vertical Integration in Multichannel Television Markets
By Gregory Crawford; University of Zurich Robin Lee; Harvard University Michael Whinston; MIT and NBER Ali Yurukoglu; Stanford University
presented by: Robin Lee, Harvard University
2. Cross-ownership, R&D Spillovers and Antitrust Policy
By Ángel López; Universitat Autònoma de Barcelona Xavier Vives; IESE Business School
presented by: Ángel López, Universitat Autònoma de Barcelona
3. Pro-competitive Rationing in Multi-unit Auctions
By Pär Holmberg; Research Institute of Industrial Economics (IFN)
presented by: Pär Holmberg, Research Institute of Industrial Economics (IFN)
Session ID 101: Mediation August 17, 2015 14:15 to 16:15 520E
Session Chair: Johannes Schneider, University of Mannheim
Session type: contributed
1. Mediated Audits
By Martin Pollrich; Humboldt Universität zu Berlin
presented by: Martin Pollrich, Humboldt Universität zu Berlin
2. Endogenous Choice of a Mediator: Inefficiency of Bargaining
By Jin Yeub Kim; University of Nebraska Lincoln
presented by: Jin Yeub Kim, University of Nebraska Lincoln
3. Managing a Conflict: Mediation, Litigation and Informational Punishment
By Benjamin Balzer; University of Mannheim Johannes Schneider; University of Mannheim
presented by: Johannes Schneider, University of Mannheim
4. Cheap Talk through Parallel Channels
By Martin Pollrich; Humboldt Universität zu Berlin Ruzica Rakic; Humboldt University
presented by: Ruzica Rakic, Humboldt University
Session ID 108: Dynamic Contracting August 17, 2015 14:15 to 16:15 520F
Session Chair: Thomas Schacherer, Humboldt University Berlin
Session type: contributed
1. Discriminatory Information Disclosure
By Hao Li; UBC Xianwen Shi; University of Toronto
presented by: Xianwen Shi, University of Toronto
2. Pricing Heterogeneous Goods Under Ex Post Private Information
By Holger Herbst; University of Bonn
presented by: Holger Herbst, University of Bonn
3. Optimal Two-stage Procurement With Private R&D Efficiency
By Bin Liu; National University of Singapore Jingfeng Lu; National University of Singapore
presented by: Bin Liu, National University of Singapore
4. Deterministic Versus Stochastic Contracts in a Dynamic Principal-agent Model
By Thomas Schacherer; Humboldt University Berlin
presented by: Thomas Schacherer, Humboldt University Berlin
Session ID 115: Asset Pricing Models August 17, 2015 14:15 to 16:15 St-Antoine B Westin
Session Chair: Aloisio Araujo, IMPA and FGV
Session type: contributed
1. Asset Pricing and the One Percent
By Alexis Akira Toda; University of California San Diego Kieran Walsh; University of Virginia Darden School of Business
presented by: Kieran Walsh, University of Virginia Darden School of Business
2. Unique Durable Assets
By Stefano Lovo; HEC, Paris Christophe Spaenjers; HEC Paris
presented by: Christophe Spaenjers, HEC Paris
3. Asset Pricing in OLG Economies With Borrowing Constraints and Idiosyncratic Income Risk
By Daniel Harenberg; ETH Zurich
presented by: Daniel Harenberg, ETH Zurich
4. Efficient Complete Markets are the Rule Rather Than the Exception
By Aloisio Araujo; IMPA and FGV Alain Chateauneuf; PSE - Université de Paris 1 Jose Heleno Faro; Insper
presented by: Aloisio Araujo, IMPA and FGV
Session ID 124: Emprical Models of Human Capital and the Labor Market August 17, 2015 14:15 to 16:15 517C
Session Chair: Hiromi Hara, Japan Women's University
Session type: contributed
1. A Dynamic Model of Health, Education, and Wealth With Credit Constraints and Rational Addiction
By Rong Hai; University of Chicago James Heckman; University of Chicago
presented by: Rong Hai, University of Chicago
2. College Loans and Post-schooling Skill Accumulation
By Chao Fu; University of Wisconsin - Madison Atsuko Tanaka; University of Calgary
presented by: Atsuko Tanaka, University of Calgary
3. Labor Market Institutions, Employment, and Wage Dynamics
By Zhen Huo; University of Minnesota Elena Pastorino; University of Minnesota Melissa Tartari; The University of Chicago
presented by: Elena Pastorino, University of Minnesota
4. The Effects of Minimum Wage on Training
By Hiromi Hara; Japan Women's University
presented by: Hiromi Hara, Japan Women's University
Session ID 380: Development Through Particular Industries August 17, 2015 14:15 to 16:15 Mc Gill Westin
Session Chair: Alexander Karaivanov, Simon Fraser University
Session type: contributed
1. Persistent Impacts of Temporary Demand Shocks: How U.S. Servicemen Shaped Thailand's Sex Industry
By Abel Brodeur; Paris School of Economics Yanos Zylberberg; University of Bristol Warn Lekfuangfu; University College London
presented by: Abel Brodeur, Paris School of Economics
2. Winning the Oil Lottery: The Impact of Natural Resource Extraction on Growth
By Tiago Cavalcanti; University of Cambridge Daniel Da Mata; IPEA Frederik Toscani; International Monetary Fund
presented by: Frederik Toscani, International Monetary Fund
3. Involuntary Entrepreneurship: Evidence From Thai Urban Data
By Alexander Karaivanov; Simon Fraser University Tenzin Yindok; Simon Fraser University
presented by: Tenzin Yindok, Simon Fraser University
4. Bogus Joint Liability Groups in Microfinance: Theory and Evidence From China
By Alexander Karaivanov; Simon Fraser University Xiaochuan Xing; Tsinghua University Yi Xue; China University of International Business and Trade
presented by: Alexander Karaivanov, Simon Fraser University
Session ID 128: History and Development August 17, 2015 14:15 to 16:15 Viger Westin
Session Chair: Markus Ludwig, University of Basel
Session type: contributed
1. On the Macroscopic Origins and Consequences of Economic Inequality: An Evolutionary Perspective
By Fabrizio Germano; Universitat Pompeu Fabra Lloyd Demetrius; Max Planck Institute, Berlin
presented by: Fabrizio Germano, Universitat Pompeu Fabra
2. 150 Years of Worldwide Regional Income DIfferences
By Areendam Chanda; Louisiana State University
presented by: Areendam Chanda, Louisiana State University
3. Culture and the Formation of Gender-specific Skills in an Agrarian Society
By Niels Kemper; University of Mannheim
presented by: Niels Kemper, University of Mannheim
4. Historical Traumas and the Roots of Political Distrust: Political Inference From the Great Chinese Famine
By David Yang; Stanford University
presented by: David Yang, Stanford University
Session ID 132: Empirical Framework for Analyzing Competition August 17, 2015 14:15 to 16:15 Palais Westin
Session Chair: Kate Smith, Institute for Fiscal Studies
Session type: contributed
1. Innovation, Deregulation, and the Life Cycle of a Financial Service Industry
By Fumiko Hayashi; Federal Reserve Bank of Kansas City Bin Grace Li; International Monetary Fund Zhu Wang; Federal Reserve Bank of Richmond
presented by: Bin Grace Li, International Monetary Fund
2. Identification and Estimation of Industry Competition Via Ownership Change
By Christian Michel; Universitat Pompeu Fabra Barcelona GSE
presented by: Christian Michel, Universitat Pompeu Fabra Barcelona GSE
3. Measuring Substitution Patterns With Differentiation Products
By Amit Gandhi; University of Wisconsin Madison
presented by: Amit Gandhi, University of Wisconsin Madison
4. Store Brands and the Role of Advertising
By Rachel Griffith; IFS and University of Manchester Michal Krol; The University of Manchester Kate Smith; Institute for Fiscal Studies
presented by: Kate Smith, Institute for Fiscal Studies
Session ID 395: New Empirical Measures of Tail Risks August 17, 2015 14:15 to 16:15 524C
Session Chair: Roberto Reno, University of Siena
Session type: contributed
1. Economically Implied Tail Risk From Equity Returns
By Caio Almeida; FGV-EPGE Kym Ardison; Fundação Getulio Vargas rene garcia; EDHEC Osmani Guillen; BCB Jose Valentim; BCB
presented by: Kym Ardison, Fundação Getulio Vargas
2. Fear Trading
By Paul Schneider; University of Lugano and Swiss Finance I Fabio Trojani; University of Lugano
presented by: Paul Schneider, University of Lugano and Swiss Finance I
3. Exploring Return Dynamics Via Corridor Implied Volatility
By Torben Andersen; Northwestern University Kellogg School of Management Oleg Bondarenko; University of Illinois Chicago Maria Gonzalez-Perez; CUNEF
presented by: Torben Andersen, Northwestern University Kellogg School of Management
4. Multi-jumps
By Massimiliano Caporin; University of Padova Aleksey Kolokolov; University of Lund Roberto Reno; University of Siena
presented by: Roberto Reno, University of Siena
Session ID 402: Securitization August 17, 2015 14:15 to 16:15 525A
Session Chair: Henrique Basso, Bank of Spain
Session type: contributed
1. Securitization, Leverage, Tranching and International Capital Flows
By Gregory Phelan; Williams College Alexis Akira Toda; University of California San Diego
presented by: Gregory Phelan, Williams College
2. Securitization and Lending Competition
By David Frankel; Iowa State University Yu Jin; Shanghai Univ. of Finance and Economics
presented by: David Frankel, Iowa State University
3. A Back-up Quarterback View of Mezzanine Finance
By Erwan Quintin; University of Wisconsin Madison Antonio Mello; University of Wisconsin - Madison
presented by: Erwan Quintin, University of Wisconsin Madison
4. Securitization and Asset Prices
By Yunus Aksoy; Birkbeck Henrique Basso; Bank of Spain
presented by: Henrique Basso, Bank of Spain
Session ID 154: Mechanism Design August 17, 2015 14:15 to 16:15 521A
Session Chair: Benjamin Roth, Massachusetts Institute of Technology
Session type: contributed
1. Contracts With Framing
By Yuval Salant; Northwestern University Ron Siegel; Northwestern University
presented by: Yuval Salant, Northwestern University
2. Efficient Bilateral Trade
By Rodney Garratt; Federal Reserve Bank of New York Marek Pycia; University of California Los Angeles
presented by: Marek Pycia, University of California Los Angeles
3. How to Share it Out: The Value of Information in Teams
By Alex Gershkov; Hebrew University of Jerusalem Jianpei Li; University of International Business and Economics Paul Schweinzer; University of Klagenfurt
presented by: Paul Schweinzer, University of Klagenfurt
4. A Model of Mechanism Design in the Presence of a Pre-Existing Game
By Benjamin Roth; Massachusetts Institute of Technology Ran Shorrer; Harvard University
presented by: Benjamin Roth, Massachusetts Institute of Technology
Session ID 159: Developments in Regression Discontinuity and Threshold Models August 17, 2015 14:15 to 16:15 518A
Session Chair: Otavio Bartalotti, Iowa State University
Session type: contributed
1. Nonparametric Threshold Regression: Estimation and Inference
By Daniel Henderson; University of Alabama Christopher Parmeter; University of Miami Liangjun Su; Singapore Management University
presented by: Christopher Parmeter, University of Miami
2. Identifying Multiple Marginal Effects With a Single Binary Instrument or by Regression Discontinuity
By Carolina Caetano; University of Rochester Juan Carlos Escanciano; Indiana University
presented by: Carolina Caetano, University of Rochester
3. Local Polynomial Order in Regression Discontinuity Designs
By David Card; University of California, Berkeley David Lee; Princeton University Zhuan Pei; Brandeis University Andrea Weber; University of Mannheim
presented by: Zhuan Pei, Brandeis University
4. Regression Discontinuity Designs With Clustered Sampling: Estimation, Inference and Bandwidth Selection
By Otavio Bartalotti; Iowa State University Quentin Brummet; U.S. Census Bureau
presented by: Otavio Bartalotti, Iowa State University
Session ID 419: Liquidity Traps August 17, 2015 14:15 to 16:15 525B
Session Chair: Taisuke Nakata, Federal Reserve Board
Session type: contributed
1. Liquidity Traps, Debt Relief and Macroprudential Policy: A Mechanism Design Approach
By Keshav Dogra; Columbia University
presented by: Keshav Dogra, Columbia University
2. Liquidity Traps and Capital Flows
By Sushant Acharya; Federal Reserve Bank of New York Julien Bengui; Université de Montréal
presented by: Julien Bengui, Université de Montréal
3. Central Bank Balance Sheet, Liquidity Trap and Quantitative Easing
By Tiago Berriel; Pontifico Catholic University Rio artthur mendes; PUC-Rio
presented by: Tiago Berriel, Pontifico Catholic University Rio
4. Reputation and Liquidity Traps
By Taisuke Nakata; Federal Reserve Board
presented by: Taisuke Nakata, Federal Reserve Board
Session ID 165: Labor Market Dynamics August 17, 2015 14:15 to 16:15 518B
Session Chair: Raul Santaeulalia, Washington University St. Louis
Session type: contributed
1. Who Works for Whom? Worker Sorting in a Model of Entrepreneurship With Heterogeneous Labor Markets
By Emin Dinlersoz; U.S. Census Bureau Henry Hyatt; US Census Bureau Hubert Janicki; U.S. Census Bureau
presented by: Hubert Janicki, U.S. Census Bureau
2. Self-employment Dynamics and the Returns to Entrepreneurship
By Eleanor Dillon; Arizona State University Christopher Stanton; London School of Economics
presented by: Eleanor Dillon, Arizona State University
3. Slow to Hire, Quick to Fire: Employment Dynamics With Asymmetric Responses to News
By Matthias Kehrig; University of Texas Austin Cosmin Ilut; Duke University Martin Schneider; Stanford University
presented by: Matthias Kehrig, University of Texas Austin
4. The Shape of the Aggregate Production Function Over the Business Cycle and Its Implications for the Labor Market
By Dongya Koh; University of Arkansas Raul Santaeulalia; Washington University St. Louis
presented by: Raul Santaeulalia, Washington University St. Louis
Session ID 176: Heuristics and Decisions August 17, 2015 14:15 to 16:15 448
Session Chair: Ryan Oprea, University of California Santa Barbara
Session type: contributed
1. Do Wealth Dynamics Eliminate Bad Beliefs? An Experimental Test of the Market Selection Hypothesis
By Ryan Oprea; University of California Santa Barbara
presented by: Ryan Oprea, University of California Santa Barbara
2. Rational and Heuristic-driven Trading Panics in an Experimental Asset Market
By Chad Kendall; University of Southern California Marshall School of Business
presented by: Chad Kendall, University of Southern California Marsha
3. Brain Food Isn’t Health Food (in the Field): Limited Self-control and Food Choices Under Varying Workloads
By Jaimie Lien; Chinese University of Hong Kong and Tsinghua University Jie Zheng; Tsinghua University
presented by: Jie Zheng, Tsinghua University
Session ID 434: Challenges in Market Design August 17, 2015 14:15 to 16:15 521C
Session Chair: Chia-Ling Hsu, University of Illinois
Session type: contributed
1. Multi-period Matching
By Sangram Kadam; Harvard University Maciej Kotowski; Harvard University
presented by: Maciej Kotowski, Harvard University
2. Dynamic Matching Markets and the Deferred Acceptance Mechanism
By John Kennes; Aarhus University Daniel Monte; Sao Paulo School of Economics FGB Norovsambuu Tumennasan; Aarhus University
presented by: Daniel Monte, Sao Paulo School of Economics FGB
3. Pareto Optimal, Strategy Proof, and Non-bossy Matching Mechanisms
By Sophie Bade; University of London Royal Holloway College
presented by: Sophie Bade, University of London Royal Holloway College
Session ID 437: Financial Frictions: Theory and Evidence August 17, 2015 14:15 to 16:15 521A
Session Chair: Huiyu Li, Federal Reserve Bank of San Francisco
Session type: contributed
1. Bankruptcy Choice With Endogenous Financial Constraints
By Cesar Tamayo; Rutgers University and Inter-American Development Bank
presented by: Cesar Tamayo, Rutgers University and Inter-American Development Bank
2. Financial Transaction Taxes and the Informational Efficiency of Financial Markets: A Structural Estimation
By Marco Cipriani; Federal Reserve Bank of New York Antonio Guarino; UCL Andreas Uthemann; London School of Economics
presented by: Andreas Uthemann, London School of Economics
3. Leverage and Productivity
By Huiyu Li; Federal Reserve Bank of San Francisco
presented by: Huiyu Li, Federal Reserve Bank of San Francisco
Session ID 443: Communication August 17, 2015 14:15 to 16:15 522A
Session Chair: Zhouzheng Li, Ohio State University
Session type: contributed
1. Persuasion of a Privately Informed Receiver
By Anton Kolotilin; University of New South Wales Ming Li; Concordia University Tymofiy Mylovanov; University of Pittsburgh Andriy Zapechelnyuk; Queen Mary, University of London
presented by: Anton Kolotilin, University of New South Wales
2. Optimal Signals in Bayesian Persuasion Mechanisms
By Maxim Ivanov; McMaster University
presented by: Maxim Ivanov, McMaster University
3. Broad Terms and Organizational Codes
By Joel Sobel; University of California San Diego
presented by: Joel Sobel, University of California San Diego
4. Competitive Cheap Talk
By Zhuozheng Li; The Ohio State University Heikki Rantakari; University of Southern California Huanxing Yang; Ohio State University
presented by: Zhouzheng Li, Ohio State University
Session ID 457: Financial Frictions and Default August 17, 2015 14:15 to 16:15 523B
Session Chair: Jack Favilukis, University of British Columbia
Session type: contributed
1. Labor and Capital Dynamics Under Financing Frictions
By Ryan Michaels; University of Rochester Trenton Page; University of Houston Toni Whited; University of Rochester
presented by: Ryan Michaels, University of Rochester
2. Small Growth and Distress Returns: Two Sides of the Same Coin?
By Harjoat Bhamra; Imperial College Business School Kyung Shim; University of New South Wales
presented by: Kyung Shim, University of New South Wales
3. Dynamic Dependence and Diversification in Corporate Credit
By Peter Christoffersen; University of Toronto Kris Jacobs; University of Houston Xisong Jin; University of Luxembourg Hugues Langlois; HEC Paris
presented by: Hugues Langlois, HEC Paris
4. The Elephant in the Room: The Impact of Labor Obligations on Credit Risk
By Jack Favilukis; University of British Columbia Xiaoji Lin; Ohio State University Xiaofei Zhao; University of Texas at Dallas
presented by: Jack Favilukis, University of British Columbia
Session ID 204: OTC Markets August 17, 2015 14:15 to 16:15 522C
Session Chair: Anton Tsoy, Massachusetts Institute of Technology
Session type: contributed
1. Endogenous Market Making and Network Formation
By Briana Chang; University of Wisconsin Madison Shengxing Zhang; London School of Economics
presented by: Briana Chang, University of Wisconsin Madison
2. Financial Intermediation Chain in a Search Market
By Ji Shen; London School of Economics Bin Wei; Federal Reserve Bank of Atlanta Hongjun Yan; Yale University School of Management
presented by: Hongjun Yan, Yale University School of Management
3. Efficient Contracting in Network Financial Markets
By Darrell Duffie; Stanford University Chaojun Wang; Stanford University
presented by: Chaojun Wang, Stanford University
4. Trade Delay, Liquidity and Asset Prices in Over-the-counter Markets
By Anton Tsoy; Massachusetts Institute of Technology
presented by: Anton Tsoy, Massachusetts Institute of Technology
Session ID 209: Competition and Markets August 17, 2015 14:15 to 16:15 Beaver Hall Westin
Session Chair: Thomas Holmes, University of Minnesota
Session type: contributed
1. Competitive Price Discrimination in a Spatially Differentiated Intermediate Goods Market
By Walter Beckert; Birkbeck College, University of London Howard Smith; Oxford University Yuya Takahashi; Johns Hopkins University
presented by: Yuya Takahashi, Johns Hopkins University
2. Mergers Facilitate Tacit Collusion: An Empirical Investigation of the Miller/Coors Joint Venture
By Matthew Weinberg; Drexel University Nathan Miller; Georgetown University
presented by: Matthew Weinberg, Drexel University
3. Patent Collateral, Investor Commitment and the Market for Venture Lending
By Yael Hochberg; MIT Sloan School of Management Carlos Serrano; Pompeu Fabra University Rosemarie Ziedonis; University of Oregon
presented by: Carlos Serrano, Pompeu Fabra University
4. Competition for Land in a Market for Control
By Thomas Holmes; University of Minnesota Boyoung Seo; University of Minnesota Matthew Shapiro; University of Minnesota
presented by: Thomas Holmes, University of Minnesota
Session ID 226: Earnings and Income Processes August 17, 2015 14:15 to 16:15 518C
Session Chair: Dmytro Hryshko, University of Alberta
Session type: contributed
1. Heterogeneous Income Profiles Model With Fixed Effects: Incorporating Health Shocks as an Application
By Nayoung Lee; Chinese University of Hong Kong Hyungsik Roger Moon; University of Southern California
presented by: Nayoung Lee, Chinese University of Hong Kong
2. What Do Data on Millions of U.S. Workers Reveal About Life-cycle Earnings Risk?
By Fatih Guvenen; University of Minnesota Fatih Karahan; Federal Reserve Bank of New York Serdar Ozkan; Federal Reserve Board Jae Song; Social Security Administration
presented by: Fatih Karahan, Federal Reserve Bank of New York
3. Family, Community and Long-term Earnings Inequality
By Paul Bingley; Danish National Centre for Social Research SFI Lorenzo Cappellari; Università Cattolica Konstantinos Tatsiramos; University of Nottingham
presented by: Paul Bingley, Danish National Centre for Social Research SFI
4. Reconciling Estimates of Earnings Processes in Growth Rates and Levels
By Moira Daly; Copenhagen Business School Dmytro Hryshko; University of Alberta Iourii Manovskii; University of Pennsylvania
presented by: Dmytro Hryshko, University of Alberta
Session ID 238: Econometric Models Using High-Dimensional Data August 17, 2015 14:15 to 16:15 519A
Session Chair: Mehmet Caner, North Carolina State University
Session type: contributed
1. Dynamic Panel Forecasting: Decision Theoretic Approach
By Yu Liu; University of Pennsylvania Hyungsik Roger Moon; University of Southern California Frank Schorfheide; University of Pennsylvania
presented by: Hyungsik Roger Moon, University of Southern California
2. Program Evaluation With High-dimensional Data
By Alexandre Belloni; Duke University Victor Chernozhukov; MIT Ivan Fernandez-Val; Boston University Christian Hansen; University of Chicago
presented by: Ivan Fernandez-Val, Boston University
3. Functional Linear Regression With Functional Responses
By David Benatia; University of Montreal Marine Carrasco; University of Montreal Jean-Pierre FLORENS; Toulouse School of Economics
presented by: Marine Carrasco, University of Montreal
4. Partial Identification and Many Moment Inequalities: A Shrinkage Approach
By Federico Bugni; Duke University Mehmet Caner; North Carolina State University Anders Kock; Aarhus University Soumen Lahiri; Texas A & M University
presented by: Mehmet Caner, North Carolina State University
Session ID 249: Granger Causality and Impulse Responses August 17, 2015 14:15 to 16:15 519B
Session Chair: Jean-Marie Dufour, McGill University
Session type: contributed
1. Measuring Nonlinear Granger Causality in Mean
By Abderrahim Taamouti; Durham University Business School Xiaojun Song; Peking University
presented by: Abderrahim Taamouti, Durham University Business School
2. Causality and Markovianity: Information Theoretic Measures
By Daniela Scidá; Brown University Eric Renault; Brown University
presented by: Daniela Scidá, Brown University
3. Generalized Tests of Causality Between Two Vector Autoregressive Series
By Chafik Bouhaddioui; United Arab Emirates University Jean-Marie Dufour; McGill University
presented by: Chafik Bouhaddioui, United Arab Emirates University
4. Short and Long Run Second-order Causality: Theory, Measures and Inference
By Jean-Marie Dufour; McGill University Hui Jun Zhang; McGill University
presented by: Jean-Marie Dufour, McGill University
Session ID 267: Human Capital and Macro Outcomes August 18, 2015 11:15 to 12:45 518C
Session Chair: Jun Nie, Federal Reserve Bank of Kansas City
Session type: contributed
1. Parental Time Investment and Human Capital Formation: A Quantitative Analysis of Intergenerational Mobility
By Minchul Yum; University of Mannheim
presented by: Minchul Yum, University of Mannheim
2. Low Fertility, Rapid Aging and the Long-term Growth in China: Is the Quantity-quality Tradeoff Still Important?
By Minchung Hsu; National Graduate Institute for Policy Studies Pei-Ju Liao; Institute of Economics, Academia Sinica
presented by: Minchung Hsu, National Graduate Institute for Policy Studies
3. Human Capital Dynamics and the U.S. Labor Market
By Lei Fang; Federal Reserve Bank of Atlanta Jun Nie; Federal Reserve Bank of Kansas City
presented by: Jun Nie, Federal Reserve Bank of Kansas City
Session ID 13: Cointegration and Comovements August 18, 2015 11:15 to 12:45 520B
Session Chair: Martin Wagner, Technical University Dortmund
Session type: contributed
1. Quasi-likelihood Ratio Tests for Cointegration, Cobreaking and Cotrending
By Josep Carrion-i-Silvestre; University of Barcelona Dukpa Kim; Korea University
presented by: Josep Carrion-i-Silvestre, University of Barcelona
2. Measuring the Connectedness of the Global Economy
By Matthew Greenwood-Nimmo; University of Melbourne Viet Nguyen; University of Melbourne Yonghceol Shin; university of york
presented by: Matthew Greenwood-Nimmo, University of Melbourne
3. An Integrated Modified OLS RESET Test for Cointegrating Regressions
By Tim Vogelsang; Michigan State U. Martin Wagner; Technische Universität Dortmund
presented by: Martin Wagner, Technical University Dortmund
Session ID 271: Repeated Games August 18, 2015 11:15 to 12:45 Ste-Helene Westin
Session Chair: Juan Escobar, University of Chile
Session type: contributed
1. Repeated Games With General Time Preferences
By Ichiro Obara; University of California Los Angeles Jaeok Park; Yonsei University
presented by: Ichiro Obara, University of California Los Angeles
2. Repeated Games With Recursive Utility: Cournot Duopoly Under Gain/Loss Asymmetry
By Tadashi Sekiguchi; Kyoto University Katsutoshi Wakai; Kyoto University
presented by: Tadashi Sekiguchi, Kyoto University
3. Cooperation Dynamics
By Juan Escobar; University of Chile
presented by: Juan Escobar, University of Chile
Session ID 19: Behavioral Models August 18, 2015 11:15 to 12:45 Le Moyne Westin
Session Chair: Daisuke Nakajima, Otaru University of Commerce
Session type: contributed
1. Cue-triggered Recidivism: Experimenting With a Restless Bandit
By Subir Bose; University of Leicester Miltiadis Makris; University of Southampton
presented by: Miltiadis Makris, University of Southampton
2. Rational Inattention Dynamics: Inertia and Delay in Decision-making
By Jakub Steiner; CERGE-EI Colin Stewart; University of Toronto Filip Matejka; CERGE-EI
presented by: Jakub Steiner, CERGE-EI
3. Revealed Willpower
By Daisuke Nakajima; Otaru University of Commerce Emre Ozdenoren; London Business School
presented by: Daisuke Nakajima, Otaru University of Commerce
Session ID 279: Financial Constraints and the Macroeconomy August 18, 2015 11:15 to 12:45 519A
Session Chair: Francesca Zucchi, Swiss Finance Institute
Session type: contributed
1. Banking and Shadow Banking
By Ji Huang; Princeton University
presented by: Ji Huang, Princeton University
2. Financial Intermediation and Capital Reallocation
By Hengjie Ai; University of Minnesota Kai Li; HKUST Fang Yang; Louisiana State University
presented by: Fang Yang, Louisiana State University
3. Internal-external Liquidity Feedbacks
By Francesca Zucchi; Swiss Finance Institute
presented by: Francesca Zucchi, Swiss Finance Institute
Session ID 31: Models of Consumer Demand in Health Care August 18, 2015 11:15 to 12:45 523B
Session Chair: Daniel Miller, Clemson University
Session type: contributed
1. Advertising Competition and Risk Selection in Health Insurance Markets: Evidence From Medicare Advantage
By Naoki Aizawa; University of Minnesota You Suk Kim; Federal Reserve Board
presented by: Naoki Aizawa, University of Minnesota
2. Patient Medication Adherence and Physician Agency Problems
By Daniel Sacks; Indiana University Kelley School of Business
presented by: Daniel Sacks, Indiana University Kelley School of Business
3. Risk Adjustment and Low Income Subsidy Distortions in Medicare Part D
By Daniel Miller; Clemson University
presented by: Daniel Miller, Clemson University
Session ID 37: Empirical Analysis of Auctions August 18, 2015 11:15 to 12:45 524A
Session Chair: Tanjim Hossain, University of Toronto
Session type: contributed
1. Hui: A Case Study of a Sequential Double Auction of Capital
By Harry Paarsch; University of Melbourne Timothy Hubbard; Colby College Will Wright; University of Melbourne
presented by: Harry Paarsch, University of Melbourne
2. Empirical Relevance of Ambiguity in First Price Auction Models
By Dong-Hyuk Kim; Vanderbilt University
presented by: Dong-Hyuk Kim, Vanderbilt University
3. Auctioneers as Emcees: Evidence From Chittagong Tea Auctions
By Tanjim Hossain; University of Toronto Fahad Khalil; University of Washington Matthew Shum; Caltech
presented by: Tanjim Hossain, University of Toronto
Session ID 300: Estimation of Macroeconomic Models August 18, 2015 11:15 to 12:45 521C
Session Chair: A. Ronald Gallant, Pennsylvania State University
Session type: contributed
1. Testing for Identification in Structural Vector Autoregressions With GARCH Residuals
By Helmut Lütkepohl; DIW Berlin George Milunovich; Macquarie University
presented by: Helmut Lütkepohl, DIW Berlin
2. Identification and Estimation of Non-Gaussian Structural Vector Autoregressions
By Markku Lanne; University of Helsinki Mika Meitz; University of Helsinki Pentti Saikkonen; University of Helsinki
presented by: Markku Lanne, University of Helsinki
3. Bayesian Estimation of State Space Models Using Moment Conditions
By A. Ronald Gallant; Pennsylvania State University Raffaella Giacomini; UCL Giuseppe Ragusa; LUISS
presented by: A. Ronald Gallant, Pennsylvania State University
Session ID 46: Communication and Persuasion August 18, 2015 11:15 to 12:45 St-Paul Westin
Session Chair: James Schummer, Northwestern University
Session type: contributed
1. A Fraudulent Expert and Short-lived Customers
By Selcuk Ozyurt; Sabanci University
presented by: Selcuk Ozyurt, Sabanci University
2. Communication in Multi-player Persuasion
By Jiemai Wu; Washington University St. Louis
presented by: Jiemai Wu, Washington University St. Louis
3. Influencing Waiting Lists
By James Schummer; Northwestern University
presented by: James Schummer, Northwestern University
Session ID 310: Empirical Studies in Political Economy August 18, 2015 11:15 to 12:45 Mc Gill Westin
Session Chair: Xiao Yu Wang, Duke University
Session type: contributed
1. Incumbents' Past Performance and Political Polarization: Theory and Evidence
By Marina Dodlova; German Institute of Global and Area Studies (GIGA), CESifo, University Paris Ouest Nanterre Galina Zudenkova; University of Mannheim
presented by: Marina Dodlova, German Institute of Global and Area Studies (GIGA), CESifo, University Paris Ouest Nanterre
2. The One Child Policy and Promotion of Mayors in China
By Juan Carlos Suarez Serrato; Duke University Xiao Yu Wang; Duke University Shuang Zhang; UC Boulder, Economics
presented by: Xiao Yu Wang, Duke University
Session ID 58: Multinational Firms August 18, 2015 11:15 to 12:45 524B
Session Chair: Amanda Jakobsson, Singapore Management University
Session type: contributed
1. The Organization of Knowledge in Multinational Firms
By Anna Gumpert; Ludwig Maximilians Universitaet Muenchen
presented by: Anna Gumpert, Ludwig Maximilians Universitaet Muenchen
2. Knocking on Tax Haven's Door: Multinational Firms and Transfer Pricing
By Julien Martin; Université du Québec à Montréal
presented by: Julien Martin, Université du Québec à Montréal
3. Export-learning and FDI with Heterogeneous Firms
By Amanda Jakobsson; Singapore Management University
presented by: Amanda Jakobsson, Singapore Management University
Session ID 327: Communication, Learning and Coordination August 18, 2015 11:15 to 12:45 Ville-Marie A Westin
Session Chair: Florian Ederer, Yale University
Session type: contributed
1. Poor Man's Rationality?: Imitation in Children and Adults
By Jose Apesteguia; Universitat Pompeu Fabra Steffen Huck; WZB Berlin Jörg Oechssler; University of Heidelberg Elke Weidenholzer; University of Vienna Simon Weidenholzer; University of Essex
presented by: Elke Weidenholzer, University of Vienna
2. Motivated Self-deception, Identity and Unethical Behavior
By Uri Gneezy; University of California San Diego Silvia Saccardo; University of California San Diego Marta Serra-Garcia; University of California San Diego Roel van Veldhuizen; WZB Berlin
presented by: Marta Serra-Garcia, University of California San Diego
3. Promises and Expectations
By Florian Ederer; Yale University Alexander Stremitzer; University of California, Los Angeles
presented by: Florian Ederer, Yale University
Session ID 328: Morale and Effort August 18, 2015 11:15 to 12:45 Ville-Marie B Westin
Session Chair: Lingbo Huang, University of Nottingham
Session type: contributed
1. A Theory of Experience Effects
By Ulrike Malmendier; UC Berkeley Demian Pouzo; University of California Berkeley Victoria Vanasco; Stanford University
presented by: Demian Pouzo, University of California Berkeley
2. Is Competition Fair?: An Experimental Study
By Bjoern Bartling; University of Zurich Manuel Grieder; University of Lausanne Christian Zehnder; University of Lausanne
presented by: Bjoern Bartling, University of Zurich
3. Combining “Real Effort” With Induced Effort Costs: The Ball-catching Task
By Lingbo Huang; University of Nottingham Simon Gaechter; University of Nottingham Martin Sefton; University of Nottingham
presented by: Lingbo Huang, University of Nottingham
Session ID 335: Developments in Financial Time Series Econometrics August 18, 2015 11:15 to 12:45 522A
Session Chair: Cindy Shin-Huei Wang, National Tsing Hua University and Catholique Universite de Louvain
Session type: contributed
1. Modeling Long Memory in Aggregate Squared GARCH (1,1) Process and Its Apllication to the Japanese and U.S. Stock Markets
By Ken-ichi Kawai; Beppu University Koichi Maekawa; Hiroshima University of Economics
presented by: Koichi Maekawa, Hiroshima University of Economics
2. Dynamic Asset Correlations Based on Vines
By Benjamin Poignard; Paris Dauphine University CREST
presented by: Benjamin Poignard, Paris Dauphine University CREST
3. New Solutions of the Imbalanced Regressions With Their Applications to Two Finance Puzzles
By Cindy Shin-Huei Wang; National Tsing Hua University and Catholique Universite de Louvain
presented by: Cindy Shin-Huei Wang, National Tsing Hua University and Catholique Universite de Louvain
Session ID 83: Macroeconomic Uncertainty and Expectations August 18, 2015 11:15 to 12:45 518B
Session Chair: Hector Calvo Pardo, University of Southampton
Session type: contributed
1. Following the Trend: Tracking GDP When Long-run Growth is Uncertain
By Juan Antolin-Diaz; Fulcrum Asset Management Thomas Drechsel; LSE Ivan Petrella; University of London Birkbeck College
presented by: Juan Antolin-Diaz, Fulcrum Asset Management
2. Inflation Uncertainty, Disagreement and Monetary Policy: Evidence From the ECB Survey of Professional Forecasters
By Matthias Hartmann; University of Heidelberg
presented by: Matthias Hartmann, University of Heidelberg
3. Subjective Return Expectations, Information and Stock Market Participation: Evidence from France
By Hector Calvo Pardo; University of Southampton
presented by: Hector Calvo Pardo, University of Southampton
Session ID 370: Business Cycles and Labor Markets August 18, 2015 11:15 to 12:45 525A
Session Chair: Yanos Zylberberg, University of Bristol
Session type: contributed
1. Weak Markets, Strong Teachers: Recessions at Career Start and Teacher Effectiveness
By Markus Nagler; Ludwig Maximilian Universitat Munich Marc Piopiunik; Ifo Institute Martin West; Harvard University
presented by: Markus Nagler, Ludwig Maximilian Universitat Munich
2. Man-cessions, Fiscal Policy and the Gender Composition of Employment
By Falko Juessen; University of Wuppertal Roland Winkler; TU Dortmund University Christian Bredemeier; University of Cologne
presented by: Falko Juessen, University of Wuppertal
3. Access to Jobs and Duration Dependence
By Regis Barnichon; CREI Shigeru Fujita; Federal Reserve Bank of Philadelphia Yanos Zylberberg; University of Bristol
presented by: Yanos Zylberberg, University of Bristol
Session ID 122: Incentives, Production and Household Organization in Developing Countries August 18, 2015 11:15 to 12:45 524C
Session Chair: Robert Garlick, Duke University
Session type: contributed
1. Norms of Allocation Within Nuclear and Extended-family Households
By Harounan Kazianga; Oklahoma State University Zaki Wahhaj; University of Kent
presented by: Harounan Kazianga, Oklahoma State University
2. Evidence on the Relationship between Risk and Incentives
By Luis Braido; Escola Brasileira De Economia E Finanças FGV
presented by: Luis Braido, Escola Brasileira De Economia E Finanças FGV
3. Heterogeneity and Aggregation: Testing for Effciency in Intra-household Allocation
By Manuela Angelucci; University of Michigan Robert Garlick; Duke University
presented by: Robert Garlick, Duke University
Session ID 378: Coordination August 18, 2015 11:15 to 12:45 St-Antoine A Westin
Session Chair: Marina Agranov, California Institute of Technology
Session type: contributed
1. Overcoming Coordination Failure in a Critical Mass Game: Strategic Motives and Action Disclosure
By Aidas Masiliunas; Maastricht University
presented by: Aidas Masiliunas, Maastricht University
2. Mend Your Speech a Little: Authority, Communication and Incentives to Coordinate
By Umberto Garfagnini; University of Surrey Piotr Evdokimov; ITAM Mexico
presented by: Umberto Garfagnini, University of Surrey
3. Collusion Through Communication in Auctions
By Marina Agranov; California Institute of Technology Leeat Yariv; California Institute of Technology
presented by: Marina Agranov, California Institute of Technology
Session ID 141: Estimation of Education Models August 18, 2015 11:15 to 12:45 520C
Session Chair: Yi Li, University of Wisconsin Madison
Session type: contributed
1. College Attrition and the Dynamics of Information Revelation
By Peter Arcidiacono; Duke University Esteban Aucejo; London School of Economics Arnaud Maurel; Duke University Tyler Ransom; Duke University
presented by: Tyler Ransom, Duke University
2. Explaining the Evolution of Educational Attainment in the U.S.
By Rui Castro; University of Montreal Daniele Coen-Pirani; University of Pittsburgh
presented by: Rui Castro, University of Montreal
3. Group Average Observables as Controls for Sorting on Unobservables when Estimating Group Treatment Effects: The Case of School and Neighborhood Effects
By Joseph Altonji; Yale University Richard Mansfield; Cornell University
presented by: Richard Mansfield, Cornell University
Session ID 407: Resources August 18, 2015 11:15 to 12:45 St-Antoine B Westin
Session Chair: Shota Fujishima, University of Tokyo
Session type: contributed
1. Tipping Points and Business-as-usual in a Global Carbon Commons
By Rodrigo Harrison; Pontificia Universidad Católica de Chile Roger Lagunoff; Georgetown University
presented by: Rodrigo Harrison, Pontificia Universidad Católica de Chile
2. Resource Conservation Across Generations in a Ramsey-Chichilnisky Model
By Geir Asheim; University of Oslo Ivar Ekeland; Université Paris-Dauphine
presented by: Geir Asheim, University of Oslo
3. Equilibrium Dynamics in a Model of Growth and Spatial Agglomeration
By Shota Fujishima; University of Tokyo Daisuke Oyama; University of Tokyo
presented by: Shota Fujishima, University of Tokyo
Session ID 155: Information Aggregation in Markets and Elections August 18, 2015 11:15 to 12:45 447
Session Chair: Stephan Lauermann, University of Bonn
Session type: contributed
1. Manipulated Electorates and Information Aggregation
By Mehmet Ekmekci; Boston College Stephan Lauermann; University of Bonn
presented by: Stephan Lauermann, University of Bonn
Session ID 414: Belief Dispersion August 18, 2015 11:15 to 12:45 519B
Session Chair: Takashi Ui, Hitotsubashi University
Session type: contributed
1. Dispersed Beliefs and Aggregate Demand Management
By Sushant Acharya; Federal Reserve Bank of New York
presented by: Sushant Acharya, Federal Reserve Bank of New York
2. Forecast Dispersion and Welfare: A Global Games Approach
By Jin Yeub Kim; University of Nebraska Lincoln Myungkyu Shim; Shanghai University of Finance and Economics
presented by: Myungkyu Shim, Shanghai University of Finance and Economics
3. Optimal Disclosure of Public Information With Endogenous Acquisition of Private Information
By Takashi Ui; Hitotsubashi University
presented by: Takashi Ui, Hitotsubashi University
Session ID 166: Housing Markets and Location Choice August 18, 2015 11:15 to 12:45 448
Session Chair: Lars Nesheim, University College London
Session type: contributed
1. The Sensitivity of Housing Demand to Financing Conditions: Evidence From a Survey
By Andreas Fuster; Federal Reserve Bank of New York Basit Zafar; Federal Reserve Bank of New York
presented by: Andreas Fuster, Federal Reserve Bank of New York
2. A Selection Model of Hedonic House Values and Rents
By Jonathan Halket; University of Essex Lars Nesheim; University College London Florian Oswald; UCL
presented by: Lars Nesheim, University College London
Session ID 422: Learning and Belief Formation August 18, 2015 11:15 to 12:45 520A
Session Chair: Colin Caines, University of British Columbia
Session type: contributed
1. Learning Can Generate Long Memory
By Guillaume Chevillon; ESSEC Business School Sophocles Mavroeidis; Oxford University
presented by: Sophocles Mavroeidis, Oxford University
2. Policy and Macro Signals as Inputs to Inflation Expectation Formation
By Paul Hubert; SciencesPo Paris OFCE
presented by: Paul Hubert, SciencesPo Paris OFCE
3. Can Adaptive Learning Explain Boom-bust Cycles In Asset Prices? An Application to the US Housing Boom
By Colin Caines; University of British Columbia
presented by: Colin Caines, University of British Columbia
Session ID 168: Models with Time-varying Parameters August 18, 2015 11:15 to 12:45 520D
Session Chair: Ivan Petrella, University of London Birkbeck College
Session type: contributed
1. Vector Autoregressions With Parsimoniously Time Varying Parameters and an Application to Monetary Policy.
By Laurent Callot; VU University Amsteram Johannes Kristensen; University of Southern Denmark and CREAT
presented by: Laurent Callot, VU University Amsteram
2. Modeling Financial Sector Joint Tail Risk in the Euro Area
By Andre Lucas; VU University Amsterdam Bernd Schwaab; European Central Bank Xin Zhang; Sveriges Riksbank
presented by: Xin Zhang, Sveriges Riksbank
3. Adaptive Models and Heavy Tails
By Davide Delle Monache; Bank of Italy Ivan Petrella; University of London Birkbeck College
presented by: Ivan Petrella, University of London Birkbeck College
Session ID 178: Dynamic Game Experiments August 18, 2015 11:15 to 12:45 Ramazey Westin
Session Chair: Jasmina Arifovic, Simon Fraser University
Session type: contributed
1. Cooperative Institutions
By Piotr Evdokimov; ITAM Mexico David Rahman; University of Minnesota
presented by: Piotr Evdokimov, ITAM Mexico
2. Dynamic Behavior and Player Types in Majoritarian Multi-battle Contests
By Alan Gelder; Chapman University Dan Kovenock; Chapman University
presented by: Alan Gelder, Chapman University
3. An Experimental Study of the Adoption of a New Payment Method
By Jasmina Arifovic; Simon Fraser University John Duffy; University of California Irvine Janet Hua Jiang; Bank of Canada
presented by: Jasmina Arifovic, Simon Fraser University
Session ID 183: Policy Experimentation August 18, 2015 11:15 to 12:45 Viger Westin
Session Chair: Christopher Li, Northwestern University
Session type: contributed
1. Dynamic Agenda Setting
By Ying Chen; Johns Hopkins University Hulya Eraslan; Rice University
presented by: Ying Chen, Johns Hopkins University
2. Machiavellian Experimentation
By Yinxi Xie; Columbia University Yang Xie; University of California Berkeley
presented by: Yang Xie, University of California Berkeley
3. Laboratories of Democracy: Career Concerns and Policy Experimentation Under Decentralization
By Chen Cheng; Northwestern university Christopher Li; Northwestern University
presented by: Christopher Li, Northwestern University
Session ID 439: Family and Labor Markets August 18, 2015 11:15 to 12:45 522B
Session Chair: Daniel LaFave, Colby College
Session type: contributed
1. Commitment in the Household: Evidence From the Effect of Inheritances on the Labor Supply of Older Married Couples
By David Blau; Ohio State University Ryan Goodstein; Federal Deposit Insurance Corporation
presented by: David Blau, Ohio State University
2. Marriage, Labor Supply, and Home Production
By Marion Goussé; Université Laval Nicolas Jacquemet; Paris School of Economics Jean Marc Robin; Sciences Po
presented by: Marion Goussé, Université Laval
3. Mitigating the Consequences of a Health Condition: Family Insurance in the PSID
By Michael Dalton; Bureau of Labor Statistics Daniel LaFave; Colby College
presented by: Daniel LaFave, Colby College
Session ID 189: Bayesian Econometrics August 18, 2015 11:15 to 12:45 520E
Session Chair: Christiane Baumeister, University of Notre Dame
Session type: contributed
1. Particle MCMC and Sequential Monte Carlo Squared for DSGE Models
By Edward Herbst; Federal Reserve Board Frank Schorfheide; University of Pennsylvania
presented by: Edward Herbst, Federal Reserve Board
2. Markov Interacting Importance Samplers
By Eduardo Mendes; University of New South Wales Marcel Scharth; University of Sydney Robert Kohn; University of New South Wales
presented by: Marcel Scharth, University of Sydney
3. Sign Restrictions, Structural Vector Autoregressions and Useful Prior Information
By Christiane Baumeister; Bank of Canada James Hamilton; University of California San Diego
presented by: Christiane Baumeister, University of Notre Dame
Session ID 203: Experimental Game Theory August 18, 2015 11:15 to 12:45 Palais Westin
Session Chair: Joseph Tao-yi Wang, National Taiwan University
Session type: contributed
1. Vague Messages in Biased Information Transmission: Experiments and Theory
By Daniel Wood; Clemson University
presented by: Daniel Wood, Clemson University
2. Transparency Versus Back Room Deals in Bargaining
By Marina Agranov; California Institute of Technology Chloe Tergiman; University Of British Columbia
presented by: Chloe Tergiman, University Of British Columbia
3. Justice, What Money Can Buy: A Lab Experiment on Primary Social Goods and the Rawlsian Difference Principle
By Joshua Chen-Yuan Teng; National Taipei University Joseph Tao-yi Wang; National Taiwan University C.C. Yang; Academia Sinica
presented by: Joseph Tao-yi Wang, National Taiwan University
Session ID 459: Econometric Analysis of Auctions August 18, 2015 11:15 to 12:45 522C
Session Chair: Ming He, University of Washington
Session type: contributed
1. Integrated-quantile-based Estimation and Testing for First Price Auction Models
By Yao Luo; University of Toronto Yuanyuan Wan; University of Toronto
presented by: Yuanyuan Wan, University of Toronto
2. Identifying Collusion in English Auctions
By Vadim Marmer; University of British Columbia
presented by: Vadim Marmer, University of British Columbia
3. A Sensitivity Analysis in the Affiliated Private Value Auction Model With Incomplete Sets of Bids
By Yanqin Fan; University of Washington Ming He; University of Washington Tong Li; Vanderbilt University
presented by: Ming He, University of Washington
Session ID 207: Political Economy - Endogenous Institutions and Policy August 18, 2015 11:15 to 12:45 Beaver Hall Westin
Session Chair: Renee Bowen, Stanford University
Session type: contributed
1. Divided We Stand: The Economic Benefits of State Secession
By Ajay Shenoy; University of California Santa Cruz
presented by: Ajay Shenoy, University of California Santa Cruz
2. Social Mobility and Stability of Democracy: Reevaluating de Tocqueville's Hypothesis
By Daron Acemoglu; Massachusetts Institute of Technology Georgy Egorov; Northwestern University Konstantin Sonin; Higher School of Economics
presented by: Georgy Egorov, Northwestern University
3. Collective Choice in Dynamic Public Good Provision: Real Versus Formal Authority
By Renee Bowen; Stanford University George Georgiadis; Boston University Nicolas Lambert; Stanford University
presented by: Renee Bowen, Stanford University
Session ID 468: Forecasting August 18, 2015 11:15 to 12:45 523A
Session Chair: Olivia Wei Xie, University of Southern California Schaeffer Center for Health Policy and Economics
Session type: contributed
1. Scenario Response Distributions
By caroline jardet; Banque de France Alain Monfort; CREST Fulvio Pegoraro; Banque de France
presented by: Fulvio Pegoraro, Banque de France
2. Trends in Distributional Characteristics: Existence of Global Warming
By Maria Dolores Gadea; University of Zaragoza Jesus Gonzalo; Universidad Carlos III de Madrid
presented by: Jesus Gonzalo, Universidad Carlos III de Madrid
3. Forecasting Influenza Incidence Rates of US States
By Olivia Wei Xie; University of Southern California Schaeffer Center for Health Policy and Economics
presented by: Olivia Wei Xie, University of Southern California Schaeffer Center for Health Policy and Economics
Session ID 220: Social Choice August 18, 2015 11:15 to 12:45 518A
Session Chair: Antonio Nicolo, University of Manchester
Session type: contributed
1. Implementing Efficient Allocations in Bilateral Networks
By Ruben Juarez; University of Hawaii
presented by: Ruben Juarez, University of Hawaii
2. Incentives, Fairness and Efficiency in Group Identification
By Wonki Cho; University of Manchester Alejandro Saporiti; University of Manchester
presented by: Alejandro Saporiti, University of Manchester
3. Information Disclosure Under Strategy-proof Social Choice Rules
By Salvador Barbera; Universitat Autonoma de Barcelona Antonio Nicolo; University of Manchester
presented by: Antonio Nicolo, University of Manchester
Session ID 223: Education August 18, 2015 11:15 to 12:45 520F
Session Chair: Juanna Joensen, Stockholm School of Economics
Session type: contributed
1. Retaking in High Stakes Exams: Is Less More?
By Kala Krishna; Pennsylvania State University Sergey Lychagin; Central European University Veronica Frisancho; Inter-American Development Bank (IDB)
presented by: Kala Krishna, Pennsylvania State University
2. Skills, Occupational Choice and Educational Attainment
By Miriam Gensowski; University of Copenhagen Rémi Piatek; University of Copenhagen
presented by: Miriam Gensowski, University of Copenhagen
3. Peer Effects in Math and Science
By Juanna Joensen; Stockholm School of Economics Helena Nielsen; Aarhus University
presented by: Juanna Joensen, Stockholm School of Economics
Session ID 244: Social Interaction Models August 18, 2015 11:15 to 12:45 521A
Session Chair: Chao Yang, Ohio State University
Session type: contributed
1. GMM Identification and Estimation of Peer Effects in a System of Simultaneous Equations
By Xiaodong Liu; University of Colorado Boulder
presented by: Xiaodong Liu, University of Colorado Boulder
2. Spatial Dynamic Panel Data Models With Interactive Fixed Effects
By Wei Shi; Ohio State University Lung-fei Lee; Ohio State University
presented by: Wei Shi, Ohio State University
3. Social Interactions Under Incomplete Information With Multiple Equilibria
By Chao Yang; Ohio State University
presented by: Chao Yang, Ohio State University
Session ID 253: Generalized Method of Moments August 18, 2015 11:15 to 12:45 521B
Session Chair: Stephen Morris, Bowdoin College
Session type: contributed
1. Bootstrapping the GMM Overidentification Test Under First-order Underidentification
By Prosper Dovonon; Concordia University Silvia Goncalves; Université de Montréal
presented by: Prosper Dovonon, Concordia University
2. Uniform Asymptotic Risk of Averaging GMM Estimator Robust to Misspecification
By Xu Cheng; University of Pennsylvania zhipeng Liao; UCLA Ruoyao Shi; UCLA
presented by: Xu Cheng, University of Pennsylvania
3. Seemingly Unrelated Euler Equations
By Stephen Morris; Bowdoin College
presented by: Stephen Morris, Bowdoin College
Session ID 371: Issues in Taxation 1 August 18, 2015 11:15 to 12:45 525B
Session Chair: Carlos da Costa, Fundação Getulio Vargas
Session type: contributed
1. Income Inequality, Tax Policy and Economic Growth
By Siddhartha Biswas; University of Chicago Indraneel Chakraborty; Southern Methodist University Rong Hai; University of Chicago
presented by: Indraneel Chakraborty, Southern Methodist University
2. Age-dependent Taxes With Endogenous Human Capital Formation
By Carlos da Costa; Fundação Getulio Vargas Marcelo Santos; INSPER
presented by: Carlos da Costa, Fundação Getulio Vargas
Session ID 266: The Macroeconomics of Human Capital Investment August 18, 2015 14:15 to 16:15 Ste-Helene Westin
Session Chair: Michelle Rendall, University of Zurich
Session type: contributed
1. Life in Shackles? The Quantitative Implications of Reforming the Educational Loan System
By Ben Heijdra; University of Groningen Fabian Kindermann; University of Bonn Laurie Reijnders; University of Groningen
presented by: Ben Heijdra, University of Groningen
2. Teenage Childbearing and the Welfare State
By Andra Filote; University of Konstanz Georgi Kocharkov; University of Konstanz Jan Mellert; University of Konstanz
presented by: Georgi Kocharkov, University of Konstanz
3. Math Matters: Education Choices and Wage Inequality
By Andrew Rendall; University of Zurich Michelle Rendall; University of Zurich
presented by: Michelle Rendall, University of Zurich
Session ID 14: Time Series Models August 18, 2015 14:15 to 16:15 448
Session Chair: Toru Kitagawa, University College London
Session type: contributed
1. Dating Business Cycle Turning Points for the French Economy: A MS-DFM Approach
By Catherine Doz; Université Paris 1 Anna Petronevich; Université Paris 1
presented by: Anna Petronevich, Université Paris 1
2. Measuring Business Cycles with Structural Breaks and Outliers: Applications to International Data
By Tatsuma Wada; Keio University Pierre Perron; Boston University
presented by: Tatsuma Wada, Keio University
3. Frequency Domain Minimum Distance Estimation of Possibly Noninvertible and Noncausal ARMA models
By Carlos Velasco; Universidad Carlos III de Madrid Ignacio Lobato; Instituto Tecnológico Autónomo De México
presented by: Ignacio Lobato, Instituto Tecnológico Autónomo De México
4. Inference About Non-identified SVARs
By Raffaella Giacomini; University College London Toru Kitagawa; University College London
presented by: Toru Kitagawa, University College London
Session ID 16: Market Rules and Strategic Behavior August 18, 2015 14:15 to 16:15 520C
Session Chair: Sergei Kovbasyuk, Einaudi Institute for Economics and Finance
Session type: contributed
1. Certification of Quality and Investment Efficiency
By Ivan Marinovic; Stanford University Andrzej Skrzypacz; Stanford University Felipe Varas; Duke University
presented by: Felipe Varas, Duke University
2. On the Antitrust Economics of the Electronic Books Industry
By Germain Gaudin; Heinrich Heine University Alexander White; Tsinghua University
presented by: Alexander White, Tsinghua University
3. On the Clock of the Combinatorial Clock Auction
By Maarten Janssen; University of Vienna Bernhard Kasberger; University of Vienna
presented by: Bernhard Kasberger, University of Vienna
Session ID 24: Price Dynamics August 18, 2015 14:15 to 16:15 Le Moyne Westin
Session Chair: Phuong Ngo, Cleveland State University
Session type: contributed
1. On the Importance of Sales for Aggregate Price Flexibility
By Oleksiy Kryvtsov; Bank of Canada Nicolas Vincent; Institute of Applied Economics HEC Montréal
presented by: Oleksiy Kryvtsov, Bank of Canada
2. Price Adjustment During the Great Recession Inside and Outside the Eurozone
By Maria Luengo-Prado; Federal Reserve Bank of Boston Olena Ogrokhina; Lafayette College Bent Sorensen; University of Houston
presented by: Olena Ogrokhina, Lafayette College
3. Price Setting Under Uncertainty About Inflation
By Diego Perez; Stanford University Andres Drenik; Stanford
presented by: Diego Perez, Stanford University
4. Does Calvo Meet Rotemberg at the Zero Lower Bound?
By Jianjun Miao; Boston University Phuong Ngo; Cleveland State University
presented by: Phuong Ngo, Cleveland State University
Session ID 29: Uncertainty Shocks August 18, 2015 14:15 to 16:15 520D
Session Chair: Jose Maria Barrero, Stanford University
Session type: contributed
1. Uncertainty and the Great Recession
By Benjamin Born; University of Bonn Sebastian Breuer; German Council of Economic Experts Steffen Elstner; German Council of Economic Experts
presented by: Sebastian Breuer, German Council of Economic Experts
2. The Impact of Uncertainty Shocks for Corporate Financing
By L. Ivan Alfaro; The Ohio State University Nicholas Bloom; Stanford University Xiaoji Lin; Ohio State University
presented by: Xiaoji Lin, Ohio State University
3. Do Plants Freeze Upon Uncertainty Shocks?
By Ariel Mecikovsky; Universitaet Bonn Matthias Meier; Universitaet Bonn
presented by: Ariel Mecikovsky, Universitaet Bonn
4. Short and Long-run Uncertainty
By Jose Maria Barrero; Stanford University Nicholas Bloom; Stanford University Ian Wright; Stanford University
presented by: Jose Maria Barrero, Stanford University
Session ID 285: Labor Markets, Moral Hazard, Contracts and Learning August 18, 2015 14:15 to 16:15 518B
Session Chair: Daiji Kawaguchi, Hitotsubashi University
Session type: contributed
1. Optimal Employment Contracts With Hidden Search
By Rasmus Lentz; University of Wisconsin Madison
presented by: Rasmus Lentz, University of Wisconsin Madison
2. The Effects of Moral Hazard on Wage Inequality in a Frictional Labor Market
By Arpad Abraham; European University Institute Fernando Alvarez-Parra; CAF Susanne Forstner; RWTH Aachen
presented by: Arpad Abraham, European University Institute
3. Testing for Statistical Discrimination in an Asymmetric Employer Learning Model
By Suqin Ge; Virginia Tech Beibei Zhu; Amazon
presented by: Suqin Ge, Virginia Tech
4. University Prestige, Performance Evaluation and Promotion: Estimating the Employer Learning Model Using Personnel Datasets
By Daiji Kawaguchi; Hitotsubashi University
presented by: Daiji Kawaguchi, Hitotsubashi University
Session ID 293: Structural Change August 18, 2015 14:15 to 16:15 518C
Session Chair: Stepana Lazarova, Queen Mary University of London
Session type: contributed
1. Structural Change in Sparsity
By Sokbae (Simon) Lee; Seoul National University Yuan Liao; University of Maryland Myung Hwan Seo; Seoul National University Youngki Shin; University of Western Ontario
presented by: Myung Hwan Seo, Seoul National University
2. Specification and Structural Break Tests for Additive Mdels With Applications to Realized Variance Data
By Matthias Fengler; University of St. Gallen Enno Mammen; Heidelberg University Michael Vogt; University of Cambridge
presented by: Matthias Fengler, University of St. Gallen
3. Panel Data Models With Multiple Jump Discontinuities in the Parameters
By Oualid Bada; University of Bonn James Gualtieri; Ernst&Young, LLC Alois Kneip; Universität Bonn Robin Sickles; Rice University
presented by: Robin Sickles, Rice University
4. Data-driven GMM Test for Parameter Instability
By Emmanuel Guerre; Queen Mary, University of London Stepana Lazarova; Queen Mary University of London
presented by: Stepana Lazarova, Queen Mary University of London
Session ID 42: Theories of Endogenous Information August 18, 2015 14:15 to 16:15 St-Paul Westin
Session Chair: Sergey Kolbin, Columbia University
Session type: contributed
1. Firm as a De Facto Knowledge Aggregator
By Jiasun Li; University of California Los Angeles Anderson School of Management
presented by: Jiasun Li, University of California Los Angeles Anderson School of Management
2. Network Formation and Information Acquisition
By João Ramos; New York University Bernard Herskovic; New York University
presented by: João Ramos, New York University
3. Searching for Information
By Jungsuk Han; Stockholm School of Economics Francesco Sangiorgi; Stockholm School of Economics
presented by: Francesco Sangiorgi, Stockholm School of Economics
4. State-dependent Communication Policy in Coordination Games of Regime Change
By Sergey Kolbin; Columbia University
presented by: Sergey Kolbin, Columbia University
Session ID 48: Role of Skills and Technology in Rise in US Income and Wealth Inequality August 18, 2015 14:15 to 16:15 Ramezay Westin
Session Chair: Philip Vermeulen, European Central Bank
Session type: contributed
1. Determinants of Wage and Earnings Inequality in the United States
By Ctirad Slavik; Goethe University Frankfurt Hakki Yazici; Sabanci University
presented by: Ctirad Slavik, Goethe University Frankfurt
2. The Evolution of Wealth Inequality Over Half a Century: The Role of Skills, Taxes and Institutions
By Baris Kaymak; Universite de Montreal Markus Poschke; McGill University, Montreal
presented by: Baris Kaymak, Universite de Montreal
3. The Rise of the Machines: Automation, Horizontal Innovation and Income Inequality
By David Hemous; INSEAD Morten Olsen; IESE Business School
presented by: Morten Olsen, IESE Business School
4. How Fat is the Top Tail of the Wealth Distribution?
By Philip Vermeulen; European Central Bank
presented by: Philip Vermeulen, European Central Bank
Session ID 320: Topics in Labor Markets August 18, 2015 14:15 to 16:15 Mc Gill Westin
Session Chair: Hamid Boustanifar, BI Norwegian Business School
Session type: contributed
1. The Hazards of Unemployment
By Ross Doppelt; New York University
presented by: Ross Doppelt, New York University
2. Endogenous Separations, Wage Rigidities and Employment Volatility
By Mikael Carlsson; Uppsala University Andreas Westermark; Sveriges Riksbank
presented by: Andreas Westermark, Sveriges Riksbank
3. Born Under a Bad Sign: The Cost of Entering the Job Market During a Recession
By Shu Lin Wee; Carnegie Mellon University Tepper School of Business
presented by: Shu Lin Wee, Carnegie Mellon University Tepper School of Business
4. Wages and Human Capital in Finance: International Evidence, 1970-2005
By Hamid Boustanifar; BI Norwegian Business School Everett Grant; University of Virginia Ariell Reshef; University of Virginia
presented by: Hamid Boustanifar, BI Norwegian Business School
Session ID 66: Game Theory August 18, 2015 14:15 to 16:15 522C
Session Chair: Abhijit Sengupta, University of Sydney
Session type: contributed
1. Specifying Nodes as Sets of Choices
By Peter Streufert; University of Western Ontario
presented by: Peter Streufert, University of Western Ontario
2. Discounted Stochastic Games, K-correspondences, and Stationary Markov Equilibria
By Frank Page; Indiana University
presented by: Frank Page, Indiana University
3. On the Nash Equilibrium Correspondence of a Large Game With Traits: A Complete Characterization
By Lei Qiao; National University of Singapore Haomiao Yu; Ryerson University Zhixiang Zhang; Central University of Finance and Economics
presented by: Haomiao Yu, Ryerson University
4. On the Optimality of Auctions with Secret Reserve Prices
By Ben Jarman; J. P. Morgan Abhijit Sengupta; University of Sydney
presented by: Abhijit Sengupta, University of Sydney
Session ID 67: Price Rigidities and Aggregate Fluctuations August 18, 2015 14:15 to 16:15 Viger Westin
Session Chair: Carlos Carvalho, PUC-Rio
Session type: contributed
1. Menu Costs, Aggregate Fluctuations, and Large Shocks
By Peter Karadi; European Central Bank Adam Reiff; National Bank of Hungary
presented by: Peter Karadi, European Central Bank
2. Persistent Monetary Non-neutrality in an Estimated Model With Menu Costs and Partially Costly Information
By Marco Bonomo; Insper Institute of Education and Research Carlos Carvalho; PUC-Rio Rene Garcia; EDHEC Business School Vivian Malta; BTG Pactual
presented by: Marco Bonomo, Insper Institute of Education and Research
3. Selection and Monetary Non-neutrality in Time-dependent Pricing Models
By Carlos Carvalho; PUC-Rio Felipe Schwartzman; Federal Reserve Bank Richmond
presented by: Felipe Schwartzman, Federal Reserve Bank Richmond
4. Price Selection, Inflation Dynamics, and Sticky-price Models
By Carlos Carvalho; PUC-Rio Oleksiy Kryvtsov; Bank of Canada
presented by: Carlos Carvalho, PUC-Rio
Session ID 323: Housing Market Dynamics August 18, 2015 14:15 to 16:15 Ville-Marie A Westin
Session Chair: Matthew Botsch, Bowdoin College
Session type: contributed
1. Phasing Out the GSEs
By Vadim Elenev; NYU Stern Tim Landvoigt; University of Texas Austin Stijn Van Nieuwerburgh; NYU Stern School of Business
presented by: Vadim Elenev, NYU Stern
2. Consumption and House Prices in the Great Recession: Model Meets Evidence
By Greg Kaplan; Princeton University Kurt Mitman; Stockholm University Gianluca Violante; NYU
presented by: Kurt Mitman, Stockholm University
3. Can the Productivity Slowdown in Construction Explain US House Prices?
By Alessandro Galesi; Centro De Estudios Monetarios Y Financieros
presented by: Alessandro Galesi, Centro De Estudios Monetarios Y Financieros
4. Inflation Experiences and Contract Choices: Evidence from Residential Mortgages
By Matthew Botsch; Bowdoin College Ulrike Malmendier; UC Berkeley
presented by: Matthew Botsch, Bowdoin College
Session ID 329: Developments in Program Evaluation Methods August 18, 2015 14:15 to 16:15 519A
Session Chair: Federico Gutierrez, Vanderbilt University
Session type: contributed
1. Marginal Quantile Treatment Effect
By Ping Yu; The University of Hong Kong
presented by: Ping Yu, University of Hong Kong
2. A Covariate Balancing Kernel Matching Estimator
By Tomas Rau; Pontificia Universidad Catolica de Chile
presented by: Tomas Rau, Pontificia Universidad Catolica de Chile
3. Efficient Propensity Score Regression Estimators of Multivalued Treatment Effects for the Treated
By Ying-Ying Lee; University of Oxford
presented by: Ying-Ying Lee, University of Oxford
4. Difference-in-differences When the Treatment Status is Observed in Only One Period
By Irene Botosaru; Simon Fraser University Federico Gutierrez; Vanderbilt University
presented by: Federico Gutierrez, Vanderbilt University
Session ID 333: Developments in Econometric Methods I August 18, 2015 14:15 to 16:15 519B
Session Chair: Isaiah Andrews, Harvard University
Session type: contributed
1. Confidence Sets for Continuous and Discontinuous Functions of Parameters
By John Ham; Univeristy of Maryland and National Univ Tiemen Woutersen; University of Arizona
presented by: Tiemen Woutersen, University of Arizona
2. Efficient Estimation With Finite Number of Simulation Draws Per Observation
By Kirill Evdokimov; Princeton University
presented by: Kirill Evdokimov, Princeton University
3. Identification, Data Combination and the Risk of Disclosure
By Tatiana Komarova; London School of Economics and Political Science Denis Nekipelov; University of Virginia Evgeny Yakovlev; HSE
presented by: Tatiana Komarova, London School of Economics and Political Science
4. Unbiased Instumental Variables Estimation Under Known First-stage Sign
By Isaiah Andrews; Harvard University Timothy Armstrong; Yale University
presented by: Isaiah Andrews, Harvard University
Session ID 84: Repeated Games August 18, 2015 14:15 to 16:15 523A
Session Chair: George Mailath, University of Pennsylvania
Session type: contributed
1. On the Equilibrium Payoff Set in Repeated Games With Imperfect Private Monitoring
By Takuo Sugaya; Stanford University Alexander Wolitzky; Massachusetts Institute of Technology
presented by: Alexander Wolitzky, Massachusetts Institute of Technology
2. The Characterization of the Limit Communication Equilibrium Payoff Set With General Monitoring
By Takuo Sugaya; Stanford University
presented by: Takuo Sugaya, Stanford University
3. When and How the Punishment Must Fit the Crime
By George Mailath; University of Pennsylvania Volker Nocke; University of Mannheim Lucy White; Harvard Business School
presented by: Lucy White, Harvard Business School
4. The Curse of Long Horizons
By V. Bhaskar; University of Texas Austin George Mailath; University of Pennsylvania
presented by: George Mailath, University of Pennsylvania
Session ID 354: Effects of Trade Liberalization August 18, 2015 14:15 to 16:15 521B
Session Chair: Trevor Tombe, University of Calgary
Session type: contributed
1. A Generalized Model of Trade with Resource-use and Pollution
By Akihiko Yanase; Nagoya University Gang Li; Hitotsubashi University
presented by: Akihiko Yanase, Nagoya University
2. Trade, Migration and Regional Income Differences: Evidence from China
By Trevor Tombe; University of Calgary
presented by: Trevor Tombe, University of Calgary
3. Workers Beneath the Floodgates: Impact of Low-wage Import Competition and Workers' Adjustment
By Hale Utar; Bielefeld University
presented by: Hale Utar, Bielefeld University
4. Malaria Transmission Suitability and Urbanization in Sub-Saharan Africa
By Matthias Flueckiger; University of Basel Markus Ludwig; University of Basel
presented by: Markus Ludwig, University of Basel
Session ID 100: Empirical Analysis of Peer Effects, Networks and Contagion August 18, 2015 14:15 to 16:15 447
Session Chair: Jun Sung Kim, Monash University
Session type: contributed
1. Estimating Network Effects Without Network Data
By Pedro CL Souza; Pontifícia Universidade Católica Rio
presented by: Pedro CL Souza, Pontifícia Universidade Católica Rio
2. Estimating the Structure of Social Interactions Using Panel Data
By Elena Manresa; Massachusetts Institute of Technologhy Sloan School of Management
presented by: Elena Manresa, Massachusetts Institute of Technologhy Sloan School of Management
3. A Structural Model of Multigraph Formation: Favor Exchange and Social Networks in Villages
By Jun Sung Kim; Monash University
presented by: Jun Sung Kim, Monash University
Session ID 103: Selling Mechanisms August 18, 2015 14:15 to 16:15 523B
Session Chair: Nenad Kos, Bocconi University
Session type: contributed
1. The Optimal Sequence of Costly Mechanisms
By Hanzhe Zhang; University of Chicago
presented by: Hanzhe Zhang, University of Chicago
2. Auctions With Quantity Externalities
By Sergei Izmalkov; New Economic School Moscow Dilyara Khakimova; Yandex Gleb Romanyuk; Harvard University
presented by: Sergei Izmalkov, New Economic School Moscow
3. A Detail-free and Efficient Auction for Budget Constrained Bidders
By Brian Baisa; Amherst College
presented by: Brian Baisa, Amherst College
4. Selling to the Mean
By Nenad Kos; Bocconi University Matthias Messner; Bocconi University
presented by: Nenad Kos, Bocconi University
Session ID 364: Firm Level Productivity: Macroeconomic Implications August 18, 2015 14:15 to 16:15 521C
Session Chair: Anson Ho, Kansas State University
Session type: contributed
1. Markups and Demand Shocks: Using Microdata From Single-product Firms to Disentangle Unovervables
By Carlos Daniel Santos; Nova School of Business and Economics Luis Costa; ISEG - Lisboa School of Economics & Management, Universidade de Lisboa and UECE Paulo Brito; ISEG - Lisboa School of Economics & Management, Universidade de Lisboa and UECE
presented by: Carlos Daniel Santos, Nova School of Business and Economics
2. Returns to Scale, Productivity and Competition: Empirical Evidence from U.S. Manufacturing and Construction Establishments
By Wei Gao; University of Texaz Austin Matthias Kehrig; University of Texas Austin
presented by: Wei Gao, University of Texaz Austin
3. Output Growth and Inflation Across Space and Time
By Kevin Fox; University of New South Wales Erwin Diewert; UBC and UNSW
presented by: Kevin Fox, University of New South Wales
4. Productivity, Reallocation and Distortions: Evidence from Ecuadorian Firm-level Data
By Anson Ho; Kansas State University Kim Huynh; Bank of Canada David Jacho-Chavez; Emory University
presented by: Anson Ho, Kansas State University
Session ID 114: International Trade and Market Access August 18, 2015 14:15 to 16:15 520E
Session Chair: Igor Bykadorov, University Ca' Foscari Venezia, NRU HSE, NRU NSU, IM SB RAS
Session type: contributed
1. Global Value Chain Participation and Current Account Imbalances
By Georgios Georgiadis; European Central Bank Johannes Graeb; European Central Bank
presented by: Johannes Graeb, European Central Bank
2. Do High-skill Immigrants Trigger High-quality Trade?
By giorgia giovannetti; University of Firenze Mauro Lanati; University of Pisa
presented by: Giorgia Giovannetti, University of Florence
3. Trade Finance and Trade Flows into Industrialized, Emerging and Developing Economies: What is the Role of Trade Openness?
By Birgit Schmitz; German Development Institute Clara Brandi; German Development Institute
presented by: Birgit Schmitz, German Development Institute
4. Elusive Pro-competitive Effects and Harm From Gradual Trade Liberalization
By Igor Bykadorov; University Ca' Foscari Venezia, NRU HSE, NRU NSU, IM SB RAS Sergey Kokovin; Novosibirsk State University, IM SB RAS, NRU Higher School of Economics Pavel Molchanov; NRU Higher School of Economics
presented by: Igor Bykadorov, University Ca' Foscari Venezia, NRU HSE, NRU NSU, IM SB RAS
Session ID 383: Analyzing The Effects of Policy or Environmental Change in Developing Countries August 18, 2015 14:15 to 16:15 522A
Session Chair: Robert Townsend, MIT
Session type: contributed
1. Distinguishing Constraints on Financial Inclusion and Their Impact on GDP and Inequality
By Era Dabla-Norris; International Monetary Fund Yan Ji; Massachusetts Institute of Technology Robert Townsend; MIT Filiz Unsal; International Monetary Fund
presented by: Yan Ji, Massachusetts Institute of Technology
2. Industrial Output Fluctuations in Developing Countries: General Equilibrium Consequences of Agricultural Productivity Shocks
By Hyojung Lee; Singapore Management University
presented by: Hyojung Lee, Singapore Management University
3. Risk, Agricultural Production and Weather Index Insurance in Village South Asia
By Jeffrey Michler; University of Illinois Urbana-Champaign Frederi Viens; Purdue University Gerald Shively; Purdue University
presented by: Jeffrey Michler, University of Illinois Urbana-Champaign
4. Higher Education Expansion, Economic Reform, Labor Productivity and Sectoral Gap
By Yao Yao; Washington University St. Louis
presented by: Yao Yao, Washington University St. Louis
Session ID 384: Strategic Delegation August 18, 2015 14:15 to 16:15 525B
Session Chair: Torben Mideksa, University of Oslo
Session type: contributed
1. The Political Economy of (De)centralization With Complementary Public Goods
By Guillaume Cheikbossian; Université Montpellier LAMETA and TSE
presented by: Guillaume Cheikbossian, Université Montpellier LAMETA and TSE
2. A Theory of Regulatory Federalism
By C.-Y. Cynthia Lin Lawell; University of California Davis
presented by: C.-Y. Cynthia Lin Lawell, University of California Davis
3. Delegation in Regulation
By Tapas Kundu; UiT The Arctic University of Norway Tore Nilssen; University of Oslo
presented by: Tapas Kundu, UiT The Arctic University of Norway
4. Conservation Contracts and Political Regimes
By Bård Harstad; University of Oslo Torben Mideksa; University of Oslo
presented by: Torben Mideksa, University of Oslo
Session ID 387: Environmental Preferences and Decision Making August 18, 2015 14:15 to 16:15 522B
Session Chair: Sherzod Akhundjanov, Washington State University
Session type: contributed
1. Sowing the Wind and Reaping the Whirlwind? The Effect of Wind Turbines on Residential Well-being
By Alexander Zerrahn; DIW Berlin German Institute for Economic Research Christian Krekel; German Institute for Economic Research (DIW Berlin)
presented by: Alexander Zerrahn, DIW Berlin German Institute for Economic Research
2. Does Clear Sky Make People Happier?
By Xi Chen; Yale University and IZA Xin Zhang; Peking University Xiaobo Zhang; Peking University and IFPRI
presented by: Xin Zhang, Peking University
3. Multicountry Appropriation of the Commons, Externalities and Firm Preferences for Regulation
By Sherzod Akhundjanov; Washington State University
presented by: Sherzod Akhundjanov, Washington State University
Session ID 403: Financial Intermediaries and Risk Exposures August 18, 2015 14:15 to 16:15 Ville-Marie B Westin
Session Chair: Gerd Weinrich, Catholic University of Milan
Session type: contributed
1. Intermediation and Voluntary Exposure to Counterparty Risk
By Maryam Farboodi; Princeton University
presented by: Maryam Farboodi, Princeton University
2. Systemic Risk-taking at Banks: Evidence From the Pricing of Syndicated Loans
By Di Gong; Tilburg University
presented by: Di Gong, Tilburg University
3. Stress Tests and Information Disclosure
By Itay Goldstein; University of Pennsylvania Yaron Leitner; Federal Reserve Bank of Philadelphia
presented by: Yaron Leitner, Federal Reserve Bank of Philadelphia
4. Bank Regulation in a Complex Environment
By Gerd Weinrich; Catholic University of Milan
presented by: Gerd Weinrich, Catholic University of Milan
Session ID 160: Advances in Models of Discrete Choice August 18, 2015 14:15 to 16:15 518A
Session Chair: Cheng Chou, University of Southern California
Session type: contributed
1. A Moment Inequality Approach to Estimating Multinomial Choice Models With Unobserved Consideration Sets
By Zhentong Lu; University of Wisconsin Madison
presented by: Zhentong Lu, University of Wisconsin Madison
2. Informational Content in Static and Dynamic Discrete Response Panel Data Models
By Songnian Chen; HKUST Shakeeb Khan; Duke University Xun Tang; Rice University
presented by: Shakeeb Khan, Duke University
3. Breaking the Curse of Dimensionality in Conditional Moment Inequalities for Discrete Choice Models
By Le-Yu Chen; Academia Sinica Sokbae (Simon) Lee; Seoul National University
presented by: Le-Yu Chen, Academia Sinica
4. Nonparametric Analysis of Dynamic Discrete Choices With Hidden Types Via Instrumental Variables Approach
By Cheng Chou; University of Southern California
presented by: Cheng Chou, University of Southern California
Session ID 420: Implementation August 18, 2015 14:15 to 16:15 517B
Session Chair: Marcus Pivato, Université de Cergy-Pontoise
Session type: contributed
1. Efficient Mechanisms With Information Acquisition
By Yunan Li; University of Pennsylvania
presented by: Yunan Li, University of Pennsylvania
2. Implementation and Detection
By Hitoshi Matsushima; University of Tokyo
presented by: Hitoshi Matsushima, University of Tokyo
3. Full Implementation and Belief Restrictions
By Mariann Ollar; University of Pennsylvania Antonio Penta; University of Wisconsin Madison
presented by: Antonio Penta, University of Wisconsin Madison
4. Statistical Utilitarianism
By Marcus Pivato; Université de Cergy-Pontoise
presented by: Marcus Pivato, Université de Cergy-Pontoise
Session ID 177: Field Experiments August 18, 2015 14:15 to 16:15 524C
Session Chair: Tom Blake, eBay
Session type: contributed
1. Towards an Understanding of Reference-dependent Labor Supply: Theory and Evidence From a Field Experiment
By Steffen Andersen; Copenhagen Business School Alec Brandon; University of Chicago Uri Gneezy; University of California San Diego John List; University of Chicago
presented by: Alec Brandon, University of Chicago
2. Affirmative Action and Human Capital Investment: Evidence from a Randomized Field Experiment
By Christopher Cotton; Queen's University Brent Hickman; University of Chicago Joseph Price; Brigham Young University
presented by: Brent Hickman, University of Chicago
3. When the Price You See Is the Price You Get: A Field Study
By Sandro Shelegia; University of Vienna Joshua Sherman; University of Vienna
presented by: Joshua Sherman, University of Vienna
4. Virtual Attachment, Loss Aversion and Exit in an Online Marketplace
By Matthew Backus; Columbia University Tom Blake; eBay Dimitriy Masterov; eBay Research Labs Steven Tadelis; University of California Berkeley
presented by: Tom Blake, eBay
Session ID 435: Applications of Market Desgin August 18, 2015 14:15 to 16:15 517C
Session Chair: David Malec, University of Maryland
Session type: contributed
1. Matching With Waiting Times: The German Entry-level Labour Market for Lawyers
By Philipp Dimakopoulos; Humboldt University Berlin Christian-Philipp Heller; Humboldt University Berlin
presented by: Christian-Philipp Heller, Humboldt University Berlin
2. Transferring Ownership of Public Housing to Existing Tenants: A Market Design Approach
By Tommy Andersson; Lund University Lars Ehlers; Universite Montreal Lars-Gunnar Svensson; University of Lund
presented by: Tommy Andersson, Lund University
3. Flexible Top Trading Cycles and Chains Mechanism: Maintaining Diversity in Erasmus Student Exchange
By Umut Dur; North Carolina State University Onur Kesten; Carnegie Mellon University Utku Unver; Boston College
presented by: Umut Dur, North Carolina State University
4. Design of the Reverse Auction in the FCC Incentive Auction
By Peter Cramton; University of Maryland Hector Lopez; University of Maryland, College Park David Malec; University of Maryland Pacharasut Sujarittanonta; Chulalongkorn University
presented by: David Malec, University of Maryland
Session ID 444: Auctions August 18, 2015 14:15 to 16:15 521B
Session Chair: Elizabeth Baldwin, London School of Economics
Session type: contributed
1. Information Choice and Diversity: The Role of Strategic Complementarities
By Catherine Gendron-Saulnier; University of Montreal Sidartha Gordon; SciencesPo Department of Economics
presented by: Sidartha Gordon, SciencesPo Department of Economics
2. Multidimensional Second-price and English Auctions
By Seungwon (Eugene) Jeong; Stanford University
presented by: Seungwon (Eugene) Jeong, Stanford University
3. First Price Package Auction With Many Traders
By Yasuhiro Shirata; Otaru University of Commerce
presented by: Yasuhiro Shirata, Otaru University of Commerce
4. Understanding Preferences: “Demand Types” and the Existence of Equilibrium With Indivisibilities
By Elizabeth Baldwin; London School of Economics Paul Klemperer; University of Oxford
presented by: Elizabeth Baldwin, London School of Economics
Session ID 452: Panel Data Econometrics August 18, 2015 14:15 to 16:15 520A
Session Chair: Joaquim Ramalho, Universidade de Evora
Session type: contributed
1. Panel Data Analysis With Heterogeneous Dynamics
By Ryo Okui; Kyoto University Takahide Yanagi; Kyoto University
presented by: Ryo Okui, Kyoto University
2. High Dimensional Variable Selection in Dynamic Panel Data Models Via GMM Shrinkage Estimation
By Liangjun Su; Singapore Management University Xiaoliang Wang; Shanghai Jiao Tong University
presented by: Xiaoliang Wang, Shanghai Jiao Tong University
3. Sparsity-based Estimation of a Panel Quantile Count Data Model With Applications to Big Data
By Matthew Harding; Duke University Carlos Lamarche; University of Kentucky
presented by: Carlos Lamarche, University of Kentucky
4. Exponential Regression of Panel Data Fractional Response Models
By Esmeralda Ramalho; University of Evora Joaquim Ramalho; Universidade de Evora
presented by: Joaquim Ramalho, Universidade de Evora
Session ID 458: Behavioral Models in Finance August 18, 2015 14:15 to 16:15 St-Antoine A Westin
Session Chair: Herve Roche, Universidad Adolfo Ibanez
Session type: contributed
1. Estimating Nominal Share Price Preferences
By Maria Chiara Iannino; University of Vienna Sergey Zhuk; University of Vienna
presented by: Maria Chiara Iannino, University of Vienna
2. Do Idiosyncratic Individual Behavioral Biases Have Aggregate Effects?
By Harjoat Bhamra; Imperial College Business School Raman Uppal; Edhec Business School
presented by: Harjoat Bhamra, Imperial College Business School
3. Asset Price Bubbles and Depressions
By Huanhuan Zheng; Chinese University of Hong Kong
presented by: Huanhuan Zheng, Chinese University of Hong Kong
4. Optimal Consumption and Wealth Management While Preserving Social Status
By Herve Roche; Universidad Adolfo Ibanez
presented by: Herve Roche, Universidad Adolfo Ibanez
Session ID 210: New Developments in the Theory of Industries August 18, 2015 14:15 to 16:15 520F
Session Chair: Alvaro Parra, University of British Columbia
Session type: contributed
1. On the Direction of Innovation
By Hugo A. Hopenhayn; University of California Los Angeles Francesco Squintani; University of Warwick
presented by: Hugo A. Hopenhayn, University of California Los Angeles
2. Bundling and Quality Assurance
By James Dana; Northeastern University Kathryn Spier; Harvard University
presented by: James Dana, Northeastern University
3. Distorted Monopolistic Competition
By Kristian Behrens; Université du Québec à Montréal Giordano Mion; University of Surrey Yasusada Murata; Nihon University Jens Suedekum; Heinrich-Heine-University Düsseldorf
presented by: Kristian Behrens, Université du Québec à Montréal
4. Mergers in Innovative Industries
By Guillermo Marshall; University of Illinois at Urbana-Champaign Alvaro Parra; University of British Columbia
presented by: Alvaro Parra, University of British Columbia
Session ID 469: Developments in Time Series Econometrics August 18, 2015 14:15 to 16:15 520B
Session Chair: Jean-Pierre Urbain, Maastricht University
Session type: contributed
1. A Persistence-based Wold-type Decomposition for Stationary Time Series
By Fulvio Ortu; Bocconi University federico severino; Univ. Bocconi Andrea Tamoni; London School of Economics Claudio Tebaldi; Universita' Commerciale L. Bocconi
presented by: Claudio Tebaldi, Universita' Commerciale L. Bocconi
2. Semiparametrically Optimal Hybrid Rank Tests for Unit Roots
By Bo Zhou; Tilburg University Ramon van den Akker; Tilburg University Bas Werker; Tilburg University
presented by: Bo Zhou, Tilburg University
3. Limit Theory for the Long Run Variance of Finite Markov Chains
By Peter Hansen; European University Institute Guillaume Horel; Serenitas Capital
presented by: Peter Hansen, European University Institute
4. A Focused Information Criterion for Locally Misspecified Autoregressive Models
By Jan Lohmeyer; LMaastricht University Franz Palm; Maastricht University Hanno Reuvers; Maastricht University Jean-Pierre Urbain; Maastricht University
presented by: Jean-Pierre Urbain, Maastricht University
Session ID 214: Mechanism Design August 18, 2015 14:15 to 16:15 525A
Session Chair: Christian Ewerhart, University of Zurich
Session type: contributed
1. Selection by Selection: The Case of University Admissions
By Esteban Ortiz Ospina; University of Oxford Ian Jewitt; Nuffield College
presented by: Esteban Ortiz Ospina, University of Oxford
2. Drop-out in Small and Large Contests
By Sérgio Parreiras; University of North Carolina Chapel hill
presented by: Sérgio Parreiras, University of North Carolina Chapel hill
3. Private-information Group Contests
By Stefano Barbieri; Tulane University David Malueg; University of California Riverside
presented by: David Malueg, University of California Riverside
4. An Envelope Approach to Tournament Design
By Christian Ewerhart; University of Zurich
presented by: Christian Ewerhart, University of Zurich
Session ID 230: Entrepreneurship and Financial Frictions August 18, 2015 14:15 to 16:15 Beaver Hall Westin
Session Chair: Yizhou Xiao, Stanford University Graduate School of Business
Session type: contributed
1. Financial Frictions and the Rule of Law
By Ashantha Ranasinghe; University of Manitoba Diego Restuccia; University of Toronto
presented by: Ashantha Ranasinghe, University of Manitoba
2. Occupational Choice, Human Capital, and Financing Constraints
By Rui Castro; University of Montreal Pavel Sevcik; Universite du Quebec a Montreal Ecole des Sciences de Gestion
presented by: Pavel Sevcik, Universite du Quebec a Montreal Ecole des Sciences de Gestion
3. Collateral Constraints, Access to Debt Financing and Firm Growth
By Yizhou Xiao; Stanford University Graduate School of Business
presented by: Yizhou Xiao, Stanford University Graduate School of Business
Session ID 347: Networks Effects August 18, 2015 14:15 to 16:15 521A
Session Chair: Jiawei Chen, U California, Irvine
Session type: contributed
1. Network Effects, Aftermarkets and the Coase Conjecture: A Dynamic Markovian Approach
By Didier Laussel; GREQAM) Aix-Marseille School of Economic Ngo Van Long; McGill University Joana Resende; Universidade do Porto FEP
presented by: Joana Resende, Universidade do Porto FEP
2. Dynamic Competition With Network Externalities: Why History Matters
By Hanna Halaburda; Bank of Canada Bruno Jullien; Toulouse School of Economics Yaron Yehezkel; Tel Aviv University
presented by: Bruno Jullien, Toulouse School of Economics
3. Switching Costs and Network Compatibility
By Jiawei Chen; University of California Irvine
presented by: Jiawei Chen, U California, Irvine
Session ID 109: Information Acquisition August 18, 2015 14:15 to 16:15 524A
Session Chair: Suvi Vasama, Humboldt University Berlin
Session type: contributed
1. Information Acquisition, Decision Making and Implementation in Organizations
By Hideshi Itoh; Hitotsubaski University Kimiyuki Morita; Hitotsubashi University
presented by: Hideshi Itoh, Hitotsubashi U
2. Selling Experiments
By Dirk Bergemann; Yale University Alessandro Bonatti; Massachusetts Institute of Techology Sloan School of Business Alex Smolin; Yale University
presented by: Alessandro Bonatti, Massachusetts Institute of Techology Sloan School of Business
3. Real Options and Dynamic Incentives
By Eduardo Faingold; Yale University Suvi Vasama; Humboldt University Berlin
presented by: Suvi Vasama, Humboldt University Berlin
Session ID 206: Asset Pricing Models August 18, 2015 14:15 to 16:15 Palais Westin
Session Chair: Pok-Sang Lam, Ohio State University
Session type: contributed
1. Asset Pricing With Index Investing
By Georgy Chabakauri; London School of Economics Oleg Rytchkov; Temple University
presented by: Oleg Rytchkov, Temple University
2. Asset Pricing With Horizon-dependent Risk Aversion
By Marianne Andries; Toulouse School of Economics Thomas Eisenbach; Federal Reserve Bank of New York Martin Schmalz; University of Michigan
presented by: Thomas Eisenbach, Federal Reserve Bank of New York
3. Misspecified Recovery
By Jaroslav Borovicka; New York University Lars Hansen; University of Chicago Jose Scheinkman
presented by: Jaroslav Borovicka, New York University
4. Long Run Stock Volatility: A Reinvestigation
By Pok-Sang Lam; Ohio State University Ting Wu; Shanghai University of Finance and Economics
presented by: Pok-Sang Lam, Ohio State University
Session ID 273: Polarization and Inequality August 19, 2015 11:15 to 12:45 523A
Session Chair: Brian Rogers, Washington University St. Louis
Session type: contributed
1. A Theory of Rational Attitude Polarization
By Jean-Pierre Benoît; London Business School Juan Dubra; Universidad de Montevideo
presented by: Juan Dubra, Universidad de Montevideo
2. An Index of Multivariate Polarization
By Sorawoot Srisuma; University of Surrey Alberto Vesperoni; University of Siegen
presented by: Alberto Vesperoni, University of Siegen
3. Efficiency-based Measures of Inequality
By Brian Rogers; Washington University St. Louis
presented by: Brian Rogers, Washington University St. Louis
Session ID 283: Labor Supply August 19, 2015 11:15 to 12:45 Ville-Marie B Westin
Session Chair: Kai-Uwe Mueller, DIW Berlin
Session type: contributed
1. Labour Supply and Taxation With Restricted Choices
By Maxime To; University College London Magali BEFFY; INSEE Richard Blundell; University College London Antoine Bozio; Paris school of economics Guy Laroque; Department of Economics
presented by: Maxime To, University College London
2. Urban Renewal and the Working Rich
By Lena Edlund; Columbia University Cecilia Machado; Getulio Vargas Foundation FGV-EPGE Maria Sviatschi; Columbia University
presented by: Cecilia Machado, Getulio Vargas Foundation FGV-EPGE
3. Labor Supply Under Participation and Hours Constraints: An Extended Structural Model for Policy Evaluations
By Kai-Uwe Mueller; DIW Berlin Michael Neumann; DIW Berlin Katharina Wrohlich; DIW
presented by: Kai-Uwe Mueller, DIW Berlin
Session ID 32: Macro Networks and Shocks August 19, 2015 11:15 to 12:45 518B
Session Chair: Devesh Raval, Federal Trade Commission
Session type: contributed
1. Forecast Shocks in Production Networks
By Can Tian; Shanghai University of Finance and Economics
presented by: Can Tian, Shanghai University of Finance and Economics
2. Endogenous Complex Uncertainty, Robust Growth and Technology-induced Theory of Regulation
By Danxia Xie; University of Chicago
presented by: Danxia Xie, University of Chicago
3. Micro Data and Macro Technology
By Ezra Oberfield; Princeton University Devesh Raval; Federal Trade Commission
presented by: Devesh Raval, Federal Trade Commission
Session ID 288: Monetary and Fiscal Policy Under Uncertainty August 19, 2015 11:15 to 12:45 524C
Session Chair: Stefano Eusepi, Federal Reserve Bank of New York
Session type: contributed
1. Uncertainty and Fiscal Cliffs
By Troy Davig; Federal Reserve Bank of Kansas City Andrew Foerster; Federal Reserve Bank of Kansas City
presented by: Andrew Foerster, Federal Reserve Bank of Kansas City
2. What Drives Long-run Inflation Expectations?
By Carlos Carvalho; PUC-Rio Stefano Eusepi; Federal Reserve Bank of New York Emanuel Moench; Deutsche Bundesbank Bruce Preston; Melbourne University
presented by: Stefano Eusepi, Federal Reserve Bank of New York
3. What Helps Forecast US inflation? Mind the Gap!
By Ayse Kabukcuoglu; KOC University Enrique Martinez-Garcia; Federal Reserve Bank of Dallas
presented by: Ayse Kabukcuoglu, KOC University
Session ID 291: Random Set Theory in Econometrics August 19, 2015 11:15 to 12:45 St-Antoine A Westin
Session Chair: Joerg Stoye, Cornell University
Session type: contributed
1. Identification of the Distribution of Valuations in an Incomplete Model of English Auctions
By Andrew Chesher; University College London Adam Rosen; University College London
presented by: Andrew Chesher, University College London
2. Identification of Solution Concepts for Semi-parametric Discrete Games With Complete Information
By Nail Kashaev; The Pennsylvania State University Bruno Salcedo; Pennsylvania State University
presented by: Bruno Salcedo, Pennsylvania State University
3. Inference on Projections of Identified Sets
By Hiroaki Kaido; Boston University Francesca Molinari; Cornell Joerg Stoye; Cornell University
presented by: Joerg Stoye, Cornell University
Session ID 36: Theories of Decision when Preferences are Uncertain August 19, 2015 11:15 to 12:45 520D
Session Chair: Michael Mandler, University of London Royal Holloway Coll
Session type: contributed
1. Awareness of Unawareness: A Theory of Decision-making in the Face of Ignorance
By Edi Karni; Johns Hopkins University Marie-Louise Vierø; Queen's University
presented by: Marie-Louise Vierø, Queen's University
2. Coarse, Efficient Decision-making
By Michael Mandler; University of London Royal Holloway College
presented by: Michael Mandler, University of London Royal Holloway Coll
Session ID 39: Platform Markets August 19, 2015 11:15 to 12:45 518C
Session Chair: Christopher Stanton, London School of Economics
Session type: contributed
1. Structural Estimation of Expert Strategic Bias: The Case of Movie Reviewers
By Fanny Camara; Toulouse School of Economics Nicolas Dupuis; Toulouse School of Economics
presented by: Fanny Camara, Toulouse School of Economics
2. E-book Pricing and Vertical Restraints
By Babur De los Santos; Indiana University Matthijs Wildenbeest; Indiana University
presented by: Matthijs Wildenbeest, Indiana University
3. Information Frictions and Observable Experience
By Christopher Stanton; London School of Economics Catherine Thomas; London School of Economics
presented by: Christopher Stanton, London School of Economics
Session ID 47: Inequality, Fluctuations, and Savings in Poor and Emerging Economies August 19, 2015 11:15 to 12:45 524A
Session Chair: Steven Lugauer, University of Notre Dame
Session type: contributed
1. The Consumption, Income and Wealth of the Poorest: Cross-sectional Facts of Rural and Urban Sub-Saharan Africa for Macroeconomists
By Leandro De Magalhaes; University of Bristol Raul Santaeulalia; Washington University St. Louis
presented by: Leandro De Magalhaes, University of Bristol
2. Demographics and Aggregate Household Saving in China, India, and Japan
By Chadwick Curtis; University of Richmond Steven Lugauer; University of Notre Dame Nelson Mark; University of Notre Dame
presented by: Steven Lugauer, University of Notre Dame
Session ID 50: Health Insurance and Household Borrowing August 19, 2015 11:15 to 12:45 524B
Session Chair: Osman Abbasoglu, Central Bank of the Republic of Turkey
Session type: contributed
1. Reducing Medical Spending of the Publicly Insured
By Svetlana Pashchenko; University of Surrey Ponpoje (Poe) Porapakkarm; GRIPS National Graduate Institute for Policy Studies Tokyo
presented by: Svetlana Pashchenko, University of Surrey
2. Employment-based Health Insurance, Uncertain Medical Expenses and Aggregate Labor Supply
By Zhigang Feng; University of Illinois Urbana Champaign Kai Zhao; University of Connecticut
presented by: Kai Zhao, University of Connecticut
3. Optimal Health Insurance in the Presence of Risky Health Behaviors
By Osman Abbasoglu; Central Bank of the Republic of Turkey
presented by: Osman Abbasoglu, Central Bank of the Republic of Turkey
Session ID 306: Inference in Models with Long Memory and Heteroskedasticity August 19, 2015 11:15 to 12:45 St-Antoine B Westin
Session Chair: Morten Nielsen, Queen's University
Session type: contributed
1. Adaptive Long Memory Testing Under Heteroskedasticity
By David Harris; Monash University Hsein Yoong Kew; Monash University
presented by: Hsein Yoong Kew, Monash University
2. Subsampling for Short and Long-memory Linear Processes With GARCH (1,1) Noises
By Cy (Chor-yiu) Sin; National Tsing Hua University
presented by: Cy (Chor-yiu) Sin, National Tsing Hua University
3. Bootstrap Inference in Fractional Time Series Models With Heteroskedasticity of Unknown Form
By Giuseppe Cavaliere; University of Bologna Morten Nielsen; Queen's University Robert Taylor; University of Essex
presented by: Morten Nielsen, Queen's University
Session ID 51: Identification and Estimation in Models Defined by Conditional Moment Restrictions August 19, 2015 11:15 to 12:45 Le Moyne Westin
Session Chair: Joachim Freyberger, University of Wisconsin Madison
Session type: contributed
1. Nonparametric Euler Equation Identification and Estimation
By Juan Carlos Escanciano; Indiana University
presented by: Juan Carlos Escanciano, Indiana University
2. On the Existence of Root-N Estimators of Linear Functionals in Non-parametric IV Models
By Laurent Davezies; Centre de Recherche en Économie et Statistique
presented by: Laurent Davezies, Centre de Recherche en Économie et Statistique
3. On Completeness and Consistency in Nonparametric Instrumental Variable Models
By Joachim Freyberger; University of Wisconsin Madison
presented by: Joachim Freyberger, University of Wisconsin Madison
Session ID 72: Continuous Time Models: Experimentation and Learning August 19, 2015 11:15 to 12:45 520E
Session Chair: Daria Khromenkova, University of Mannheim
Session type: contributed
1. Search for Information on Multiple Products
By T. Tony Ke; Massachusetts Institute of Technology Sloan School of Management Zuo-Jun Max Shen; University of California, Berkeley J. Miguel Villas-Boas; University of California, Berkeley
presented by: T. Tony Ke, Massachusetts Institute of Technology Sloan School of Management
2. Continuous-time Games With Imperfect and Abrupt Information
By Benjamin Bernard; University of Alberta Christoph Frei; University of Alberta
presented by: Benjamin Bernard, University of Alberta
3. Collective Experimentation With Breakdowns and Breakthroughs
By Daria Khromenkova; University of Mannheim
presented by: Daria Khromenkova, University of Mannheim
Session ID 92: Instrumental Variable Models and Treatment Effects August 19, 2015 11:15 to 12:45 St-Paul Westin
Session Chair: Helmut Farbmacher, Max Planck Society
Session type: contributed
1. Selective Instrumental Variable Regression
By Alberto Abadie; Harvard University Jiaying Gu; University of Illinois at Urbana-Champaign Shu Shen; University of California Davis
presented by: Shu Shen, University of California Davis
2. ArCo: An Artificial Counterfactual Approach for Aggregate Data
By Carlos Carvalho; PUC-Rio Ricardo Masini; Pontifícia Universidade Católica Rio Marcello Medeiros; Pontifícia Universidade Católica do Rio de Janeiro
presented by: Ricardo Masini, Pontifícia Universidade Católica Rio
3. Increasing the Credibility of the Twin Birth Instrument
By Helmut Farbmacher; Max Planck Society Raphael Guber; Munich Center for the Economics of Aging Johan Vikstroem; IFAU
presented by: Helmut Farbmacher, Max Planck Society
Session ID 361: Economics of Morbidity and Mortality August 19, 2015 11:15 to 12:45 520C
Session Chair: Wei Huang, Harvard University
Session type: contributed
1. A Kink That Makes You Sick: The Effect of Sick Pay on Absence in a Social Insurance System
By Petri Bockerman; Labour Institute for Economic Research a Ohto Kanninen; Labour Institute for Economic Research Ilpo Suoniemi; Labour Institute for Economic Research
presented by: Ohto Kanninen, Labour Institute for Economic Research
2. The Impact of Economic Conditions on Mortality Over the Lifetime
By David Cutler; Harvard University Wei Huang; Harvard University Adriana Lleras-Muney; UCLA
presented by: Wei Huang, Harvard University
Session ID 117: Family Networks August 19, 2015 11:15 to 12:45 519A
Session Chair: Garance Genicot, Georgetown University
Session type: contributed
1. How Love Conquered Marriage: Theory and Evidence on the Disappearance of Arranged Marriages
By Gabriela Rubio; University of California Merced
presented by: Gabriela Rubio, University of California Merced
2. To What Extent does Rural Migration Affect the Elderly ''Left-behind''?
By Juliane Scheffel; University of Nottingham Ningbo China
presented by: Juliane Scheffel, University of Nottingham Ningbo China
3. Asymmetry of Information Within Family Networks
By Joachim De Weerdt; EDI Garance Genicot; Georgetown University Alice Mesnard; City University London
presented by: Garance Genicot, Georgetown University
Session ID 373: Issues in Corporate Taxation August 19, 2015 11:15 to 12:45 517B
Session Chair: Sebastian Kessing, University of Siegen
Session type: contributed
1. Catch Me If You Can: U.S. Tax Treaties and Shifts in Offshore Investments
By Denis Gorea; Bank of Canada
presented by: Denis Gorea, Bank of Canada
2. Optimal Taxation Under Regional Inequality
By Sebastian Kessing; University of Siegen Vilen Lipatov; Goethe University Frankfurt Jens Zoubek; University of Siegen
presented by: Sebastian Kessing, University of Siegen
Session ID 119: Persuasion Games and Adverse Selection August 19, 2015 11:15 to 12:45 520F
Session Chair: Heski Bar-Isaac, University of Toronto
Session type: contributed
1. On Bayesian Persuasion With Multiple Senders
By Fei Li; University of North Carolina at Chapel Hill Peter Norman; University of North Carolina Chapel Hill
presented by: Peter Norman, University of North Carolina Chapel Hill
2. Coverage Denied: Excluding Bad Risks, Inefficiency, and Pooling in Insurance
By Hector Chade; arizona state university Edward Schlee; Arizona State University
presented by: Edward Schlee, Arizona State University
3. Multidimensional Asymmetric Information, Adverse Selection, and Efficiency
By Heski Bar-Isaac; University of Toronto Ian Jewitt; Nuffield College Clare Leaver; University of Oxford
presented by: Heski Bar-Isaac, University of Toronto
Session ID 377: Financial Markets and International Trade August 19, 2015 11:15 to 12:45 517C
Session Chair: Inci Gumus, Sabanci University
Session type: contributed
1. No Guarantees, No Trade: How Banks Affect Export Patterns
By Tim Schmidt-Eisenlohr; University of Illinois Urbana Champaign
presented by: Tim Schmidt-Eisenlohr, University of Illinois Urbana Champaign
2. Asymmetric Trade Liberalizations and Current Account Dynamics
By Alessandro Barattieri; Département des Sciences Économiques
presented by: Alessandro Barattieri, Département des Sciences Économiques
3. Credit Decomposition and Business Cycles in Emerging Market Economies
By Berrak Bahadir; University of Georgia Inci Gumus; Sabanci University
presented by: Inci Gumus, Sabanci University
Session ID 385: Solution Concepts August 19, 2015 11:15 to 12:45 447
Session Chair: Jonathan Weinstein, Washington University
Session type: contributed
1. The Behavior of Solution Concepts Under Changes in Risk Attitude
By Jonathan Weinstein; Washington University
presented by: Jonathan Weinstein, Washington University
2. Sequential Equilibrium Distributions in Multi-stage Games With Infinite Sets of Types and Actions
By Roger Myerson; University of Chicago Philip Reny; University of Chicago
presented by: Roger Myerson, University of Chicago
Session ID 391: Ambiguity in Financial Markets August 19, 2015 11:15 to 12:45 525A
Session Chair: Doriana Ruffino, Federal Reserve Board
Session type: contributed
1. Measuring Ambiguity Aversion
By A. Ronald Gallant; Pennsylvania State University Mohammad R. Jahan-Parvar; Federal Reserve Board of Governors Hening Liu; University of Manchester
presented by: Mohammad R. Jahan-Parvar, Federal Reserve Board of Governors
2. Long-run Risk is the Worst-case Scenario
By Rhys Bidder; Federal Reserve Bank of San Francisco Ian Dew-Becker; Northwestern University Kellogg School of Management
presented by: Ian Dew-Becker, Northwestern University Kellogg School of Management
3. A Robust Capital Asset Pricing Model
By Doriana Ruffino; Federal Reserve Board
presented by: Doriana Ruffino, Federal Reserve Board
Session ID 149: Higher-Order Reasoning August 19, 2015 11:15 to 12:45 521A
Session Chair: Paul Healy, Ohio State University
Session type: contributed
1. How Many Levels Do Players Reason? Observational Challenges and a Solution
By Adam Brandenburger; New York University Alex Danieli; NA Amanda Friedenberg; Arizona State University
presented by: Amanda Friedenberg, Arizona State University
2. To Join or Not to Join: The Role of Information Structures
By Bo Chen; Southern Methodist University Rajat Deb; Southern Methodist University
presented by: Bo Chen, Southern Methodist University
3. Dynamic Epistemics in the Centipede Game: An Experimental Study
By Paul Healy; Ohio State University
presented by: Paul Healy, Ohio State University
Session ID 421: Revealed Preference August 19, 2015 11:15 to 12:45 448
Session Chair: Pawel Dziewulski, University of Oxford
Session type: contributed
1. Revealed Preferences Over Risk and Uncertainty
By Matthew Polisson; University of Leicester John Quah; Oxford University Ludovic Renou; University of Essex
presented by: Matthew Polisson, University of Leicester
2. Revealed Time-preference
By Pawel Dziewulski; University of Oxford
presented by: Pawel Dziewulski, University of Oxford
Session ID 167: Time Series Analysis August 19, 2015 11:15 to 12:45 Ramezay Westin
Session Chair: Noud van Giersbergen, University of Amsterdam
Session type: contributed
1. Modeling Corporate Defaults: Poisson Autoregressions With Exogenous Covariates (PARX)
By Arianna Agosto; Credito Valtellinese Giuseppe Cavaliere; University of Bologna Dennis Kristensen; University College London Anders Rahbek; University of Copenhagen
presented by: Giuseppe Cavaliere, University of Bologna
2. The Econometrics of the Hedrick-Prescott Filter
By Robert de Jong; Ohio State University
presented by: Robert de Jong, Ohio State University
3. The Ability to Correct the Bias in the Stable AD(1,1) Model With a Feedback Effect
By Noud van Giersbergen; University of Amsterdam
presented by: Noud van Giersbergen, University of Amsterdam
Session ID 169: Financial Volatility: Estimation and Forecasting August 19, 2015 11:15 to 12:45 Viger Westin
Session Chair: Rogier Quaedvlieg, Maastricht University
Session type: contributed
1. Estimating Stochastic Volatility Models Using Realized Measures
By Jeremias Bekierman; University of Cologne Bastian Gribisch; University of Cologne
presented by: Jeremias Bekierman, University of Cologne
2. Exploiting the Errors: A Simple Approach for Improved Volatility Forecasting
By Rogier Quaedvlieg; Maastricht University Tim Bollerslev; Department of Economics and Fuqua School Andrew Patton; Duke University
presented by: Rogier Quaedvlieg, Maastricht University
3. Discriminating Between Fractional Integration and Spurious Long Memory
By Niels Haldrup; Aarhus University CREATES
presented by: Niels Haldrup, Aarhus University CREATES
Session ID 432: Monetary Economics August 19, 2015 11:15 to 12:45 525B
Session Chair: Nelson Lind, University of California San Diego
Session type: contributed
1. Optimal Liquidity Regulation With Shadow Banking
By Borys Grochulski; Federal Reserve Bank of Richmond Yuzhe Zhang; Texas A&M University
presented by: Borys Grochulski, Federal Reserve Bank of Richmond
2. Money and Credit Redux
By Chao Gu; University of Missouri Fabrizio Mattesini; University of Rome Tor Vergata Randall Wright; University of Wisconsin
presented by: Chao Gu, University of Missouri
3. A Central Bank's Escape From an Indeterminacy Trap
By Nelson Lind; University of California San Diego
presented by: Nelson Lind, University of California San Diego
Session ID 193: Games in Continuous Time August 19, 2015 11:15 to 12:45 522A
Session Chair: Gijsbert Zwart, University of Groningen
Session type: contributed
1. Dynamic Coordination Among Heterogeneous Agents
By Bernardo Guimaraes; Sao Paulo School of Economics - FGV Ana Elisa Pereira; Sao Paulo School of Economics - FGV
presented by: Ana Elisa Pereira, Sao Paulo School of Economics - FGV
2. Gradualism and Equilibrium Uniqueness in Stochastic Differential Games
By Ryota Iijima; Harvard University Akitada Kasahara; Stanford Graduate School of Business
presented by: Ryota Iijima, Harvard University
3. Optimal Procurement and Investment in New Technologies Under Uncertainty
By Malin Arve; NHH Norwegian School of Economics Gijsbert Zwart; University of Groningen
presented by: Gijsbert Zwart, University of Groningen
Session ID 451: Political Institutions August 19, 2015 11:15 to 12:45 523B
Session Chair: Charles Zheng, University of Western Ontario
Session type: contributed
1. Competitive Nonlinear Income Taxation Revisited
By John Wilson; Michigan State University Lixin Ye; The Ohio State University Chenglin Zhang; Ohio State University
presented by: Chenglin Zhang, Ohio State University
2. Military Moral Hazard and the Fate of Empires
By Charles Zheng; University of Western Ontario
presented by: Charles Zheng, University of Western Ontario
Session ID 201: Econometrics of Social Interactions and Networks August 19, 2015 11:15 to 12:45 Palais Westin
Session Chair: Kyungchul (Kevin) Song, University of British Columbia
Session type: contributed
1. Matrix Powers and Marginal Effects in Spatial Autoregressive Models
By Sebastian Kripfganz; University of Exeter
presented by: Sebastian Kripfganz, University of Exeter
2. Estimating the Spatial Weight Matrix Using the Adaptive LASSO
By Clifford Lam; London School of Economics Pedro CL Souza; Pontifícia Universidade Católica Rio
presented by: Clifford Lam, London School of Economics
3. Measuring the Graph Concordance of Locally Dependent Observations
By Kyungchul (Kevin) Song; University of British Columbia
presented by: Kyungchul (Kevin) Song, University of British Columbia
Session ID 460: LASSO in Econometrics August 19, 2015 11:15 to 12:45 518A
Session Chair: Melanie Schienle, Karlsuhe Institute of Technology
Session type: contributed
1. On the Validity of the Pairs Bootstrap for Lasso Estimators
By Lorenzo Camponovo; University of St.Gallen
presented by: Lorenzo Camponovo, University of St.Gallen
2. Determination of Vector Error Correction Models in Higher Dimenensions
By Chong Liang; Leibniz Universtiy Hannover Melanie Schienle; Leibniz University Hannover
presented by: Melanie Schienle, Karlsuhe Institute of Technology
Session ID 211: Human Capital Accumulation, Wages, and Frictions. August 19, 2015 11:15 to 12:45 Beaver Hall Westin
Session Chair: Nicolas Roys, University of Wisconsin Madison
Session type: contributed
1. On-the-job Training and On-the-job Search: Wage-training Contracts in a Frictional Labor Market
By Seung-Gyu Sim; University of Tokyo
presented by: Seung-Gyu Sim, University of Tokyo
2. Multidimensional Skills, Sorting and Human Capital Accumulation
By Jeremy Lise; University College London Fabien Postel-Vinay; UCL
presented by: Jeremy Lise, University College London
3. Training and Frictions
By Rasmus Lentz; University of Wisconsin Madison Nicolas Roys; University of Wisconsin Madison
presented by: Nicolas Roys, University of Wisconsin Madison
Session ID 219: Higher Order Uncertainty in Markets August 19, 2015 11:15 to 12:45 522B
Session Chair: Ole Wilms, University of Zurich
Session type: contributed
1. Price Formation in Markets With Coordination Risks: Endogenizing Fundamentals in Coordination Games by Strategic Markets
By Timo Ehrig; Max Planck Institute for Mathematics in the Sciences Juergen Jost; Max Planck Society Rosemarie Nagel; Universitat Pompeu Fabra
presented by: Timo Ehrig, Max Planck Institute for Mathematics in the Sciences
2. A Robust Reference-dependent Model for Speculative Bubbles
By Mu Zhang; Tsinghua University Jie Zheng; Tsinghua University
presented by: Mu Zhang, Tsinghua University
3. Higher-order Dynamics in Asset-pricing Models With Recursive Preferences
By Walt Pohl; University of Zurich Karl Schmedders; University of Zurich Ole Wilms; University of Zurich
presented by: Karl Schmedders, University of Zurich
Session ID 221: Game Theory: Foundations August 19, 2015 11:15 to 12:45 522C
Session Chair: Ben McQuillin, University of East Anglia
Session type: contributed
1. Bayesian Updating Rules and AGM Belief Revision
By Pathikrit Basu; Pennsylvania State University
presented by: Pathikrit Basu, Pennsylvania State University
2. Bayesian Learning Behavior, Prediction and Generalization of Nachbar's Impossibility
By Yuichi Noguchi; Kanto Gakuin University
presented by: Yuichi Noguchi, Kanto Gakuin University
3. Backward Induction Foundations of the Shapley Value
By Ben McQuillin; University of East Anglia Robert Sugden; University of East Anglia
presented by: Ben McQuillin, University of East Anglia
Session ID 225: Games and Privacy August 19, 2015 11:15 to 12:45 Ste-Helene Westin
Session Chair: Yifan Yu, Tilburg University
Session type: contributed
1. Revisiting the Economics of Privacy: Population Statistics and Confidentiality Protection as Public Goods
By John Abowd; Cornell University Ian Schmutte; University of Georgia
presented by: John Abowd, Cornell University
2. Structural Estimation of a Model of Parental Reputation, Student Effort and Student Achievement
By Chao Fu; University of Wisconsin - Madison Juan Pantano; Washington University St. Louis
presented by: Juan Pantano, Washington University St. Louis
3. The Empirical Content of Synchronization Games
By Jaap Abbring; Tilburg University Yifan Yu; Tilburg University
presented by: Yifan Yu, Tilburg University
Session ID 227: Wages August 19, 2015 11:15 to 12:45 Mc Gill Westin
Session Chair: Christopher Cornwell, University of Georgia
Session type: contributed
1. Have Women Really a Better Access to Best-paid Jobs in the Public Sector? Counterfactuals Based on a Job Assignment Model
By Laurent Gobillon; Institut National d'Etudes Démographiques Dominique Meurs; Ined and EconomiX Sebastien Roux; Banque de France
presented by: Sebastien Roux, Banque de France
2. Wage Discrimination When Identity is Subjective: Evidence From Changes In Employer-reported Race
By Christopher Cornwell; University of Georgia Ian Schmutte; University of Georgia
presented by: Christopher Cornwell, University of Georgia
Session ID 234: Social Programs in Development August 19, 2015 11:15 to 12:45 520A
Session Chair: David Strauss, Centro de Investigación y Docencia Económicas
Session type: contributed
1. The Price of Growth: Consumption Insurance in China 1989-2009
By Raul Santaeulalia; Washington University St. Louis Yu Zheng; City University of Hong Kong
presented by: Yu Zheng, City University of Hong Kong
2. Financial Development and Sorting Reversals: A Theory of Structural Change
By David Strauss; Centro de Investigación y Docencia Económicas
presented by: David Strauss, Centro de Investigación y Docencia Económicas
Session ID 250: Nonregular Inference Problems August 19, 2015 11:15 to 12:45 Ville-Marie A Westin
Session Chair: Karl Schlag, University of Vienna
Session type: contributed
1. An Exact Method for Establishing Significance in Time Series Analysis With Finite Samples and Bounded Errors
By Karl Schlag; University of Vienna Heiko Rachinger; University of Vienna
presented by: Karl Schlag, University of Vienna
2. Robust Confidence Regions for Incomplete Models
By Larry Epstein; Boston University Hiroaki Kaido; Boston University Kyoungwon Seo; Korea Advanced Institute of Science and
presented by: Hiroaki Kaido, Boston University
Session ID 355: Modeling the Effects of Trade August 19, 2015 11:15 to 12:45 520B
Session Chair: Sergey Kokovin, Novosibirsk State University, IM SB RAS, NRU Higher School of Economics
Session type: contributed
1. Trade Liberalization and Markup Divergence: A General Equilibrium Approach
By Kristian Behrens; Université du Québec à Montréal Sergey Kichko; National Research University Higher School of Economics Philipp Ushchev; Higher School of Economics
presented by: Sergey Kichko, National Research University Higher School of Economics
2. Trade, Competition and R&D: An Approach Under Monopolistic Competition
By Igor Bykadorov; University Ca' Foscari Venezia, NRU HSE, NRU NSU, IM SB RAS Sergey Kokovin; Novosibirsk State University, IM SB RAS, NRU Higher School of Economics Mathieu Parenti; CORE - Universite Catholique de Louvain
presented by: Sergey Kokovin, Novosibirsk State University, IM SB RAS, NRU Higher School of Economics
Session ID 146: Impacts of Environmental Policies August 19, 2015 11:15 to 12:45 519B
Session Chair: Cristian Huse, Stockholm School of Economics
Session type: contributed
1. Getting Greener by Going Black: The Priority Municipalities in Brazil
By Romero Rocha; Universidade Federal do Rio de Janeiro Juliano Assunção; PUC-Rio / CPI-Rio
presented by: Romero Rocha, Universidade Federal do Rio de Janeiro
2. Kill Two Birds With One Stone? Environmental Policy Design With Multiple Targets in the Swedish Car Market
By Cristian Huse; Stockholm School of Economics Claudio Lucinda; University of Sao Paulo - FEA-RP
presented by: Cristian Huse, Stockholm School of Economics
3. Abatement Strategies and the Cost of Environmental Regulation: Emission Standards on the European Car Market
By Mathias Reynaert; University of Leuven
presented by: Mathias Reynaert, University of Leuven
Session ID 172: Behavioral Economics and Decision Theory August 19, 2015 11:15 to 12:45 521B
Session Chair: Paulo Natenzon, Washington University St. Louis
Session type: contributed
1. Choosing With the Worst in Mind: A Reference-dependent Model
By Gerelt Tserenjigmid; California Institute of Technology
presented by: Gerelt Tserenjigmid, California Institute of Technology
2. Testable Implications of Models of Intertemporal Choice: Exponential Discounting and Its Generalizations
By Federico Echenique; Caltech Kota Saito; California Institute of Technology
presented by: Kota Saito, California Institute of Technology
3. Random Choice and Learning
By Paulo Natenzon; Washington University St. Louis
presented by: Paulo Natenzon, Washington University St. Louis
Session ID 184: Dynamic Relations August 19, 2015 11:15 to 12:45 521C
Session Chair: Alessia Russo, University of Oslo
Session type: contributed
1. Compliance Technologies and Self-enforcing Agreements
By Bard Harstad; University of Oslo Francesco Lancia; University of Vienna Alessia Russo; University of Oslo
presented by: Francesco Lancia, University of Vienna
2. Delegating Relational Contracts to Corruptible Intermediaries
By Marta Troya-Martinez; New Economic School Liam Wren-Lewis; Paris School of Economics
presented by: Marta Troya-Martinez, New Economic School
3. Optimal Patronage
By Mikhail Drugov; New Economic School
presented by: Mikhail Drugov, New Economic School, Moscow
Session ID 260: Productivity: Investment and R&D August 19, 2015 14:15 to 16:15 518B
Session Chair: Mikko Packalen, University of Waterloo
Session type: contributed
1. Evaluating an Investment Subsidy Policy Through a Structural Econometric Model Using Micro-data From Greece
By Alexandros Fakos; Pennsylvania State University
presented by: Alexandros Fakos, ITAM
2. Non-neutral Technology, Firm Heterogeneity, and Labor Demand
By Hongsong Zhang; University of Hong Kong
presented by: Hongsong Zhang, University of Hong Kong
3. R&D Heterogeneity and Implications for Growth
By Sigurd Mølster Galaasen; Norges Bank Alfonso Irarrazabal; BI Norwegian Business School
presented by: Sigurd Mølster Galaasen, Norges Bank
4. Cities and Ideas
By Mikko Packalen; University of Waterloo Jay Bhattacharya; Stanford University
presented by: Mikko Packalen, University of Waterloo
Session ID 6: Mixed-frequency Sampled Time Series August 19, 2015 14:15 to 16:15 Le Moyne Westin
Session Chair: J. Isaac Miller, University of Missouri
Session type: contributed
1. Extended Yule-Walker Identification of VARMA Models with Single or Mixed-frequency Data
By Peter Zadrozny; Bureau of Labor Statistics
presented by: Peter Zadrozny, Bureau of Labor Statistics
2. Indirect Inference Estimation of Mixed Frequency Stochastic Volatility State Space Models Using MIDAS Regressions and ARCH Models
By Mirco Rubin; Università della Svizzera Italiana Patrick Gagliardini; University of Lugano Eric Ghysels; UNC
presented by: Mirco Rubin, Università della Svizzera Italiana
3. Real Time Mixed Frequency VARs: Nowcasting, Backcasting and Granger Causality
By Alain Hecq; Maastricht University Thomas goetz; Deutsche Bundesbank Lenard Lieb; Maastricht University
presented by: Alain Hecq, Maastricht University
4. Simple Robust Tests for the Specification of High-frequency Predictors of a Low-frequency Series
By J. Isaac Miller; University of Missouri
presented by: J. Isaac Miller, University of Missouri
Session ID 268: Empirical Analysis of the Financial Markets August 19, 2015 14:15 to 16:15 523B
Session Chair: Benjamin Moritz, Ludwig Maximilian University Munich
Session type: contributed
1. Fracking, Drilling, and Asset Pricing: Estimating the Economic Benefits of the Shale Revolution
By Erik Gilje; The Wharton School Robert Ready; University of Rochester Nikolai Roussanov; University of Pennsylvania
presented by: Nikolai Roussanov, University of Pennsylvania
2. Empirical Evaluation of Overspecified Asset Pricing Models
By Elena Manresa; Massachusetts Institute of Technologhy Sloan School of Management Francisco Peñaranda; Santander Financial Institute Enrique Sentana; Centro de Estudios Monetarios y Financieros (CEMFI)
presented by: Enrique Sentana, Centro de Estudios Monetarios y Financieros (CEMFI)
3. Prices of Risk and the Business Cycle
By Amir Akbari; McGill University Francesca Carrieri; McGill University
presented by: Amir Akbari, McGill University
4. Deep Conditional Portfolio Sorts: The Relation Between Past and Future Stock Returns
By Benjamin Moritz; Ludwig Maximilian University Munich Tom Zimmermann; Harvard University
presented by: Benjamin Moritz, Ludwig Maximilian University Munich
Session ID 25: Fiscal Stimulus August 19, 2015 14:15 to 16:15 521B
Session Chair: Benjamin Born, University of Bonn
Session type: contributed
1. Estimating Fiscal Multipliers With Correlated Heterogeneity
By Emmanouil Kitsios; International Monetary Fund Manasa Patnam; ENSAE
presented by: Emmanouil Kitsios, International Monetary Fund
2. Stimulus at the Extensive and Intensive Labor Margins
By Bill Dupor; Federal Reserve Bank of St. Louis M. Saif Mehkari; University of Richmond
presented by: Bill Dupor, Federal Reserve Bank of St. Louis
3. A Narrative Approach to a Fiscal DSGE Model
By Thorsten Drautzburg; Federal Reserve Bank of Philadelphia
presented by: Thorsten Drautzburg, Federal Reserve Bank of Philadelphia
4. Does Austerity Pay Off?
By Benjamin Born; University of Bonn Gernot Mueller; University of Bonn Johannes Pfeifer; University of Mannheim
presented by: Benjamin Born, University of Bonn
Session ID 286: Empirical Job Search August 19, 2015 14:15 to 16:15 Palais Westin
Session Chair: Marianna Kudlyak, Federal Reserve Bank of Richmond
Session type: contributed
1. Decomposing Duration Dependence in a Stopping Time Model
By Fernando Alvarez; University of Chicago Katarina Borovickova; New York University Robert Shimer; University of Chicago
presented by: Katarina Borovickova, New York University
2. Employment and Hours Over the Business Cycle in a Model With Search Frictions
By Noritaka Kudoh; Hokkaido University Hiroaki Miyamoto; The University of Tokyo Masaru Sasaki; Osaka University
presented by: Noritaka Kudoh, Hokkaido University
3. Looking for Jobs With Good Pay and Good Working Conditions
By Luke Haywood; DIW Berlin Jean-Marc Robin; Sciences-Po
presented by: Luke Haywood, DIW Berlin
4. Measuring Heterogeneity in Job Finding Rates Among the Nonemployed Using Labor Force Status Histories
By Marianna Kudlyak; Federal Reserve Bank of Richmond Fabian Lange; McGill University
presented by: Marianna Kudlyak, Federal Reserve Bank of Richmond
Session ID 38: Advances in Demand Estimation August 19, 2015 14:15 to 16:15 517B
Session Chair: Isis Durrmeyer, University of Mannheim
Session type: contributed
1. Testing for Rank Invariance or Similarity in Program Evaluation: The Effect of Training on Earnings Revisited
By Yingying Dong; University of California Irvine Shu Shen; University of California Davis
presented by: Yingying Dong, University of California Irvine
2. Estimating Consumer Substitution Patterns and Welfare Loss Under Retail Stockouts
By Victor Aguirregabiria; University of Toronto Junichi Suzuki; University of Toronto
presented by: Junichi Suzuki, University of Toronto
3. Automobile Prices in Market Equilibrium with Unobserved Price Discrimination
By Isis Durrmeyer; University of Mannheim Xavier D'Haultfoeuille; CREST Philippe Fevrier; CREST
presented by: Isis Durrmeyer, University of Mannheim
Session ID 295: Forecasting August 19, 2015 14:15 to 16:15 Beaver Hall Westin
Session Chair: Didier Nibbering, Erasmus University Rotterdam
Session type: contributed
1. Microfounded Forecasting
By Wagner Gaglianone; Central Bank of Brazil Joao Issler; Getulio Vargas Foundation
presented by: Joao Issler, Getulio Vargas Foundation
2. Construction of Leading Economic Index for Recession Prediction Using Vine Copulas
By Kajal Lahiri; State University New York Albany Yang Liu; University at Albany: SUNY
presented by: Kajal Lahiri, State University New York Albany
3. Comparing Possibly Misspecified Forecasts
By Andrew Patton; Duke University
presented by: Andrew Patton, Duke University
4. What Do Professional Forecasters Actually Predict?
By Didier Nibbering; Erasmus University Rotterdam Richard Paap; Erasmus University Rotterdam Michel van der Wel; Erasmus University Rotterdam
presented by: Didier Nibbering, Erasmus University Rotterdam
Session ID 49: Driving Forces of US Leisure, Consumption, and Wealth Inequality August 19, 2015 14:15 to 16:15 521C
Session Chair: Heejeong Kim, Ohio State University
Session type: contributed
1. Engines of Leisure
By Benjamin Bridgman; U.S. Bureau of Economic Analysis
presented by: Benjamin Bridgman, U.S. Bureau of Economic Analysis
2. Optimal Financial Knowledge and Wealth Inequality
By Annamaria Lusardi; George Washington University Pierre-Carl Michaud; L'Université du Québec à Montréal Olivia S. Mitchell; The Wharton School, University of Pennsylvania and NBER
presented by: Annamaria Lusardi, George Washington University
3. Price Search, Consumption Inequality, and Expenditure Inequality Over the Life Cycle
By Yavuz Arslan; The Central Bank of the Republic of Turkey Bulent Guler; Indiana University Bloomington Temel Taskin; World Bank
presented by: Bulent Guler, Indiana University Bloomington
4. Segmented Asset Markets and the Distribution of Wealth
By Aubhik Khan; Ohio State University Heejeong Kim; Ohio State University
presented by: Heejeong Kim, Ohio State University
Session ID 307: Taxation August 19, 2015 14:15 to 16:15 520E
Session Chair: Marcus Berliant, Washington University St. Louis
Session type: contributed
1. The Supermodularity of the Tax Competition Game
By Gregoire Rota-Graziosi; imf
presented by: Gregoire Rota-Graziosi, International Monetary Fund
2. Voting Over Selfishly Optimal Nonlinear Income Tax Schedules
By Craig Brett; Mount Allison University John Weymark; Vanderbilt University
presented by: John Weymark, Vanderbilt University
3. Optimal Income Taxation With a Stationarity Constraint in a Dynamic Stochastic Economy
By Marcus Berliant; Washington University St. Louis Shota Fujishima; University of Tokyo
presented by: Marcus Berliant, Washington University St. Louis
Session ID 53: NonClassical Asymptotic Analysis August 19, 2015 14:15 to 16:15 St-Paul Westin
Session Chair: Nestor Parolya, Leibniz University Hannover
Session type: contributed
1. Regression Kink With an Unknown Threshold
By Bruce Hansen; University of Wisconsin
presented by: Bruce Hansen, University of Wisconsin
2. The Numerical Delta Method and Bootstrap
By Han Hong; Stanford University Jessie Li; Stanford University
presented by: Jessie Li, Stanford University
3. Should We Go One Step Further? An Accurate Comparison of One-step and Two-step Procedures in a Generalized Method of Moments Framework
By Jungbin Hwang; University of California San Diego Yixiao Sun; University of California, San Diego
presented by: Jungbin Hwang, University of California San Diego
4. Consistent Estimation of the High Dimensional Efficient Frontier
By Taras Bodnar; Stockholm University Nikolaus Hautsch; University of Vienna Nestor Parolya; Leibniz University Hannover
presented by: Nestor Parolya, Leibniz University Hannover
Session ID 60: Asymmetric Information and Signaling August 19, 2015 14:15 to 16:15 517C
Session Chair: Kosuke Uetake, Yale University School of Management
Session type: contributed
1. Precommitments for Financial Self-control: Evidence From the 2003 Korean Credit Crisis
By Sung-Jin Cho; Seoul National University John Rust; Georgetown University
presented by: Sung-Jin Cho, Seoul National University
2. Bargaining with Heterogeneous Beliefs: A Structural Analysis of Medical Malpractice Lawsuits in Florida
By Antonio Merlo; University of Pennsylvania Xun Tang; University of Pennsylvania
presented by: Xun Tang, Rice University
3. Signaling in Online Credit Markets
By Kei Kawai; New York University Ken Onishi; Singapore Management University Kosuke Uetake; Yale University School of Management
presented by: Kosuke Uetake, Yale University School of Management
Session ID 322: Macroprudential Policy August 19, 2015 14:15 to 16:15 524B
Session Chair: Christian Opp, University of Pennsylvania
Session type: contributed
1. A New Perspective on Bank-dependency: The Liquidity Insurance Channel
By Viral Acharya; New York University Heitor Almeida; University of Illinois at Urbana-Champai Filippo Ippolito; Universitat Pompeu Fabra Ander Perez; Universitat Pompeu Fabra and Boston University
presented by: Ander Perez, Universitat Pompeu Fabra and Boston University
2. Co-ordinating Monetary and Macroprudential Policies
By Bianca De Paoli; Federal Reserve Bank of New York Matthias Paustian; Federal Reserve Board
presented by: Matthias Paustian, Federal Reserve Board
3. The New Financial Regulation in Basel III and Monetary Policy: A Macroprudential Approach
By Jose Carrasco-Gallego; University of Portsmouth Margarita Rubio; University of Nottingham
presented by: Jose Carrasco-Gallego, University of Portsmouth
4. Macroprudential Bank Capital Regulation in a Competitive Financial System
By Milton Harris; Booth School of Business, University of Chicago Christian Opp; University of Pennsylvania Marcus Opp; UC Berkeley, Haas School of Business
presented by: Christian Opp, University of Pennsylvania
Session ID 68: Uncertainty and Firm Dynamics August 19, 2015 14:15 to 16:15 522A
Session Chair: Sergio Salgado, University of Minnesota
Session type: contributed
1. Menu Costs, Uncertainty Cycles, and the Propagation of Nominal Shocks
By Isaac Baley; Universitat Pompeu Fabra Julio Blanco; University of Michigan
presented by: Isaac Baley, Universitat Pompeu Fabra
2. Fluctuations in Uncertainty, Efficient Borrowing Constraints and Firm Dynamics
By Sebastian Dyrda; University of Toronto
presented by: Sebastian Dyrda, University of Toronto
3. Inventories Redux: An (S,s) Model With Idiosyncratic Shocks Confronts the Facts in Business Cycle and High Frequencies
By Aubhik Khan; Ohio State University Julia Thomas; Ohio State University
presented by: Julia Thomas, Ohio State University
4. Firms Over the Business Cycle: Fluctuations in Higher-order Uncertainty
By Nicholas Bloom; Stanford University Fatih Guvenen; University of Minnesota Sergio Salgado; University of Minnesota
presented by: Sergio Salgado, University of Minnesota
Session ID 330: Developments in Program Evaluation Methods August 19, 2015 14:15 to 16:15 Ste-Helene Westin
Session Chair: Rosa Matzkin, University of California Los Angeles
Session type: contributed
1. Identification of Average Effects Under Magnitude and Sign Restrictions on Confounding
By Karim Chalak; University of Virginia
presented by: Karim Chalak, University of Virginia
2. Identifying the Average Treatment Effect in a Two Threshold Model
By Arthur Lewbel; Boston College Thomas Tao Yang; Boston College
presented by: Arthur Lewbel, Boston College
3. A Simple, Graphical Procedure for Comparing Multiple Treatment Effects
By Brennan Thompson; Ryerson University Matthew Webb; University of Calgary
presented by: Brennan Thompson, Ryerson University
4. Individual Counterfactuals With Multidimensional Unobserved Heterogeneity
By Richard Blundell; University College London Dennis Kristensen; University College London Rosa Matzkin; University of California Los Angeles
presented by: Rosa Matzkin, University of California Los Angeles
Session ID 75: Cognitive Biases August 19, 2015 14:15 to 16:15 520A
Session Chair: Myrna Wooders, Vanderbilt Universoty
Session type: contributed
1. Knowing Me, Imagining You: Projection and Overbidding in Auctions
By Yves Breitmoser; Humboldt University
presented by: Yves Breitmoser, Humboldt University
2. Stochastic Choice and Categorization: Inferring Preferences From Psychological Biases.
By Victor Aguiar; Brown University
presented by: Victor Aguiar, Brown University
3. English versus Vickrey Auction With Loss Averse Bidders
By Jonas von Wangenheim; Humboldt Universität Berlin
presented by: Jonas von Wangenheim, Humboldt Universität Berlin
4. On Own Experience, Prejudice and Discrimination
By Myrna Wooders; Vanderbilt Universoty
presented by: Myrna Wooders, Vanderbilt Universoty
Session ID 334: Developments in Econometric Methods II August 19, 2015 14:15 to 16:15 Mc Gill Westin
Session Chair: Christoph Rothe, Columbia University
Session type: contributed
1. Two-way Models for Gravity
By Koen Jochmans; SciencesPo Paris
presented by: Koen Jochmans, SciencesPo Paris
2. Efficient ML and GMM Estimation of Panel Data Models With Cross-sectional Heteroskedasticity
By Hugo Kruiniger; University of Durham
presented by: Hugo Kruiniger, University of Durham
3. Double Instrumental Variable Estimation of Interaction Models With Big Data
By Christian Gourieroux; University of Toronto
presented by: Christian Gourieroux, University of Toronto
4. Robust Confidence Intervals for Average Treatment Effects Under Limited Overlap
By Christoph Rothe; Columbia University
presented by: Christoph Rothe, Columbia University
Session ID 85: Dynamic Games August 19, 2015 14:15 to 16:15 520B
Session Chair: Ted Bergstrom, University of California Santa Barbara
Session type: contributed
1. Collusion With Private Monitoring and Private Information
By Martin Cripps; University College London Suehyun Kwon; University College London
presented by: Suehyun Kwon, University College London
2. Learning, New Technology and the Ratchet Effect
By V Bhaskar; University of Texas Austin
presented by: V Bhaskar, University of Texas Austin
3. When Does Predation Dominate Collusion?
By Thomas Wiseman; University of Texas Austin
presented by: Thomas Wiseman, University of Texas Austin
4. The Good Samaritan and Traffic on the Road to Jericho
By Ted Bergstrom; University of California Santa Barbara
presented by: Ted Bergstrom, University of California Santa Barbara
Session ID 89: Studies in Political Economy August 19, 2015 14:15 to 16:15 520C
Session Chair: Ali Yurukoglu, Stanford University
Session type: contributed
1. How Do Rights Revolutions Occur? Free Speech and the First Amendment
By Daniel Chen; ETH Zurich
presented by: Daniel Chen, Toulouse Institute for Advanced Studies
2. Do Judges' Characteristics Matter? Ethnicity, Gender and Partisanship in Texas State Trial Courts
By Claire Lim; Cornell University Bernardo Silveira; Washington University St. Louis James Snyder; Harvard University
presented by: Claire Lim, Cornell University
3. Voter Turnout and Preference Aggregation
By Kei Kawai; New York University Yuta Toyama; Northwestern University Yasutora Watanabe; Hong Kong University of Science and Technology
presented by: Yasutora Watanabe, Hong Kong University of Science and Technology
4. Bias in Cable News: Real Effects and Polarization
By Ali Yurukoglu; Stanford University
presented by: Ali Yurukoglu, Stanford University
Session ID 351: Labor Markets and Trade August 19, 2015 14:15 to 16:15 518C
Session Chair: Federico Mandelman, Federal Reserve Bank of Atlanta
Session type: contributed
1. International Trade and Labor Market Discrimination
By Richard Chisik; Ryerson University Toronto Julian Emami Namini; Erasmus University Rotterdam
presented by: Richard Chisik, Ryerson University Toronto
2. Labor Market Effects of International Trade When Mobility is Costly
By Damoun Ashournia; University of Oxford
presented by: Damoun Ashournia, University of Oxford
3. Offshoring, Low-skilled Immigration, and Labor Market Polarization
By Federico Mandelman; Federal Reserve Bank of Atlanta Andrei Zlate; Board of Governors of the Federal Reserve System
presented by: Federico Mandelman, Federal Reserve Bank of Atlanta
4. No Pain, No Gain: The Effects of Exports on Job Injury and Sickness
By Jakob Munch; University of Copenhagen
presented by: Jakob Munch, University of Copenhagen
Session ID 372: Micro Pathways to Individual Outcomes August 19, 2015 14:15 to 16:15 519A
Session Chair: Daniel Hojman, Universidad de Chile
Session type: contributed
1. Meritocracy and the Inheritance of Advantage
By Jose V. Rodriguez Mora; University of Edinburgh Michael Watts; University of Edinburgh
presented by: Michael Watts, University of Edinburgh
2. Finance for All: The Impact of Financial Literacy Training in Compulsory Secondary Education in Spain
By Laura Hospido; Banco de España and IZA Ernesto Villanueva; Banco de España Gema Zamarro; University of Arkansas
presented by: Gema Zamarro, University of Arkansas
3. Destructive Creation: School Turnover and Educational Attainment
By Daniel Hojman; Universidad de Chile
presented by: Daniel Hojman, Universidad de Chile
Session ID 118: Identity and Social Mobility August 19, 2015 14:15 to 16:15 518A
Session Chair: Evelyn Nunes, Pennsylvania State University
Session type: contributed
1. Transition of Son Preference: Child Gender and Parental Inputs in Korea
By Jisoo Hwang; Hankuk University of Foreign Studies Eleanor Choi; Hanyang University
presented by: Jisoo Hwang, Hankuk University of Foreign Studies
2. The Effects of Social Identity on Aspirations and Learning Outcomes: A Field Experiment in Rural India
By Priya Mukherjee; Cornell University
presented by: Priya Mukherjee, College of William and Mary
3. Identity Based Policies and Overlapping Identities: Evidence From Affirmative Action and Education in India
By Guilhem Cassan; University of Namur
presented by: Guilhem Cassan, University of Namur
4. Parental Choice, Social Mobility and Race in Brazil
By Evelyn Nunes; Pennsylvania State University
presented by: Evelyn Nunes, Pennsylvania State University
Session ID 126: Information Frictions in Macroeconomics August 19, 2015 14:15 to 16:15 522B
Session Chair: Nicolas Vincent, Institute of Applied Economics HEC Montréal
Session type: contributed
1. What We Don't Know Doesn't Hurt Us: Rational Inattention and the Permanent Income Hypothesis in General Equilibrium
By Yulei Luo; University of Hong Kong
presented by: Yulei Luo, University of Hong Kong
2. Price Dispersion, Private Uncertainty and Endogenous Nominal Rigidities
By Gaetano Gaballo; Banque de France
presented by: Gaetano Gaballo, Banque de France
3. An Informational Theory of Instrument Policy
By Alexandre Kohlhas; Stockholm University Institute for International Economic Studies
presented by: Alexandre Kohlhas, Stockholm University Institute for International Economic Studies
4. Paralyzed by Fear: Rigid and Discrete Pricing Under Demand Uncertainty
By Cosmin Ilut; Duke University Rosen Valchev; Duke University Nicolas Vincent; Institute of Applied Economics HEC Montréal
presented by: Nicolas Vincent, Institute of Applied Economics HEC Montréal
Session ID 389: Impacts of Environmental Policies II August 19, 2015 14:15 to 16:15 519B
Session Chair: Naoto Jinji, Kyoto University
Session type: contributed
1. The Net Benefits of the Acid Rain Program: What Can We Learn From the Grand Policy Experiment?
By Ron Chan; University of Manchester Benjamin Chupp; Georgia Institute of Technology Maureen Cropper; University of Maryland Nicholas Muller; Middlebury College
presented by: Ron Chan, University of Manchester
2. DETERring Deforestation in the Amazon: Environmental Monitoring and Law Enforcement
By Juliano Assuncao; Climate Policy Initiative / PUC-Rio Clarissa Gandour; Climate Policy Initiative / PUC-Rio Romero Rocha; Universidade Federal do Rio de Janeiro
presented by: Clarissa Gandour, Climate Policy Initiative / PUC-Rio
3. The Effects of Emission Taxes on Pollution Through the Diffusion of Clean Technology: The Presence of Green Consumers
By Naoto Jinji; Kyoto University Wenjun Sun; Kyoto University
presented by: Naoto Jinji, Kyoto University
Session ID 396: The Cross Section of Stock Returns August 19, 2015 14:15 to 16:15 524C
Session Chair: Rainer Schüssler, Helmut-Schmidt University Hamburg
Session type: contributed
1. Competition, Markups and Predictable Returns
By Alexandre Corhay; University of British Columbia Sauder School of Business Howard Kung; London Business School Lukas Schmid; Duke University
presented by: Alexandre Corhay, University of British Columbia Sauder School of Business
2. Funding Liquidity Risk and the Cross-section of Stock Returns
By Jean-Sébastien Fontaine; Bank of Canada rene garcia; EDHEC Sermin Gungor; Bank of Canada
presented by: Jean-Sébastien Fontaine, Bank of Canada
3. Networks in Production: Asset Pricing Implications
By Bernard Herskovic; New York University
presented by: Bernard Herskovic, New York University
4. Forecasting Equity Premia Using Bayesian Dynamic Model Averaging
By Rainer Schüssler; Helmut-Schmidt University Hamburg Joscha Beckmann; University of Duisburg-Essen / Kiel Institute for the World Economy
presented by: Rainer Schüssler, Helmut-Schmidt University Hamburg
Session ID 397: Household Finance August 19, 2015 14:15 to 16:15 525A
Session Chair: Urvi Neelakantan, Federal Reserve Bank of Richmond
Session type: contributed
1. The Distribution of Debt Across Euro Area Countries: The Role of Individual Characteristics, Institutions and Credit Conditions
By Olympia Bover; Bank of Spain
presented by: Olympia Bover, Bank of Spain
2. Do You Save More or Less in Response to Bad News? A New Identification of the Elasticity of Intertemporal Substitution
By Lawrence Schmidt; University of California, San Diego Alexis Akira Toda; University of California San Diego
presented by: Alexis Akira Toda, University of California San Diego
3. How Price Elastic is the Demand for Retirement Saving?
By Alexis Direr; Laboratoire d'Economie d'Orléans
presented by: Alexis Direr, Laboratoire d'Economie d'Orléans
4. Learn Now, Save Later: College and Household Portfolios
By Kartik Athreya; Federal Reserve Bank of Richmond Felicia Ionescu; Federal Reserve Board Urvi Neelakantan; Federal Reserve Bank of Richmond
presented by: Urvi Neelakantan, Federal Reserve Bank of Richmond
Session ID 142: Subsidies to Higher Education August 19, 2015 14:15 to 16:15 Ramezay Westin
Session Chair: David Autor, Massachusetts Institute of Technology
Session type: contributed
1. Estimating the Value of Higher Education Financial Aid: Evidence From a Field Experiment
By Christian Belzil; Ecole Polytechnique Arnaud Maurel; Duke University Modibo Sidibe; Duke
presented by: Christian Belzil, Ecole Polytechnique
2. Finish It and It's Free: An Evaluation of College Graduation Subsidies
By Matthew Webb; University of Calgary
presented by: Matthew Webb, Carleton University
3. Student Aid, Academic Achievement, and Labor Market Behavior: Grants or Loans?
By Juanna Joensen; Stockholm School of Economics Elena Mattana; Universite` Catholique de Louvain CORE
presented by: Elena Mattana, Universite` Catholique de Louvain CORE
4. Leveling Up: Early Results From a Randomized Evaluation of Post-secondary Aid
By Joshua Angrist; Massachusetts Institute of Technology David Autor; Massachusetts Institute of Technology Sally Hudson; MIT Amanda Pallais; Harvard
presented by: David Autor, Massachusetts Institute of Technology
Session ID 404: Bond Markets and the Macroeconomy I August 19, 2015 14:15 to 16:15 525B
Session Chair: Ivan Shaliastovich, University of Pennsylvania
Session type: contributed
1. A Macroeconomic Model of Equities and Real, Nominal and Defaultable Debt
By Eric Swanson; University of California Irvine
presented by: Eric Swanson, University of California Irvine
2. Revisions of Expectations and Term Premia at 8:30 AM: What Does the Yield Curve Say About Macroeconomic Announcements?
By Peter Hoerdahl; Bank for International Settlements Eli Remolona; Bank for International Settlements Giorgio Valente; City University of Hong Kong
presented by: Peter Hoerdahl, Bank for International Settlements
3. A Macro-finance Model of the Term Structure With Time-varying Market Prices of Risk
By Eric Jondeau; University of Lausanne Rene Garcia; EDHEC Business School Florian Pelgrin; EDHEC Business School
presented by: Eric Jondeau, University of Lausanne
4. Macroeconomic Bond Risks at the Zero Lower Bound
By Nicole Branger; University of Muenster Christian Schlag; Goethe University Ivan Shaliastovich; University of Pennsylvania Dongho Song; Boston College
presented by: Ivan Shaliastovich, University of Pennsylvania
Session ID 409: Mechanism Design August 19, 2015 14:15 to 16:15 448
Session Chair: Andreas Kleiner, University Bonn
Session type: contributed
1. Ordinal Versus Cardinal Voting Rules: A Mechanism Design Approach
By Semin Kim; National Taiwan University
presented by: Semin Kim, National Taiwan University
2. Continuous Cardinal Incentive Compatible Mechanisms are Ordinal
By Lars Ehlers; Universite de Montreal Dipjyoti Majumdar; Concordia University Debasis Mishra; Indian Statistical Institute, Delhi Arunava Sen; Indian Statistical Institute
presented by: Dipjyoti Majumdar, Concordia University
3. Why Voting? A Welfare Analysis
By Moritz Drexl; University Bonn Andreas Kleiner; University Bonn
presented by: Andreas Kleiner, University Bonn
Session ID 423: Driving Forces of Business Cycles August 19, 2015 14:15 to 16:15 St-Antoine A Westin
Session Chair: Alexandre Dmitriev, University of Tasmania
Session type: contributed
1. Growth and Business Cycle Effects of Future Financial Crises
By Alex Clymo; London School of Economics
presented by: Alex Clymo, London School of Economics
2. Accounting for Dispersion Over the Business Cycle
By Robert Kurtzman; UCLA David Zeke; UCLA
presented by: Robert Kurtzman, Federal Reserve Board of Governors
3. Oil and Macroeconomic (In)stability
By Hilde Bjørnland; BI Norwegian Business School Vegard Larsen; BI Norwegian Business School
presented by: Vegard Larsen, BI Norwegian Business School
4. Lifestyle Habits and International Transmission of Business Cycles
By Alexandre Dmitriev; University of Tasmania
presented by: Alexandre Dmitriev, University of Tasmania
Session ID 436: Theory of Market Design August 19, 2015 14:15 to 16:15 520F
Session Chair: Yash Kanoria, Columbia University
Session type: contributed
1. A New Solution to Random Allocation Problems With Private Endowments
By Jun Zhang; California Institute of Technology
presented by: Jun Zhang, California Institute of Technology
2. On the Efficiency of Stable Matchings in Large Markets
By Sangmok Lee; University of Pennsylvania Leeat Yariv; California Institute of Technology
presented by: Sangmok Lee, University of Pennsylvania
3. Overbooking in Matching Markets
By Alexander Westkamp; University of Maastricht
presented by: Alexander Westkamp, University of Cologne
4. Managing Congestion in Matching Markets
By Nick Arnosti; Stanford University Ramesh Johari; Stanford University Yash Kanoria; Columbia University
presented by: Yash Kanoria, Columbia University
Session ID 440: Networks and Labor Markets August 19, 2015 14:15 to 16:15 Ville-Marie A Westin
Session Chair: Lucia Barbone, Catholic University Milan; Sussex University
Session type: contributed
1. Your Very Private Job Agency: Job Referrals Based on Residential Location Networks
By Franziska Hawranek; University of Regensburg Norbert Schanne; Institute for Employment Research IAB
presented by: Norbert Schanne, Institute for Employment Research IAB
2. Necessary Luxuries: A New Social Interactions Model, Applied to Keeping Up With the Joneses in India
By Arthur Lewbel; Boston College Sam Norris; Northwestern University Krishna Pendakur; Simon Fraser University Xi Qu; Shanghai Jiao Tong University
presented by: Krishna Pendakur, Simon Fraser University
3. Peer Effects in Employment Status: Evidence From Housing Lotteries for Forced Evacuees in Fukushima
By Ayako Kondo; Yokohama National University Masahiro Shoji; Seijo University
presented by: Masahiro Shoji, Seijo University
4. Key Players? High School Networking Effects on Earnings
By Lucia Barbone; Catholic University Milan; Sussex University Peter Dolton; Sussex University
presented by: Lucia Barbone, Catholic University Milan; Sussex University
Session ID 445: Contracting August 19, 2015 14:15 to 16:15 521A
Session Chair: Sofia Moroni, Yale University
Session type: contributed
1. Dynamic Mechanisms Without Money
By Yingni Guo; Northwestern University Johannes Horner; Yale University
presented by: Yingni Guo, Northwestern University
2. Making Collusion Hard: Asymmetric Information as a Counter-corruption Measure
By Sylvain Chassang; Princeton Unviersity Juan Ortner; Boston University
presented by: Juan Ortner, Boston University
3. Optimal Long-term Contracting With Learning
By Zhiguo He; University of Chicago Booth School of Business
presented by: Zhiguo He, University of Chicago Booth School of Bu
4. Experimentation in Organizations
By Sofia Moroni; Yale University
presented by: Sofia Moroni, Yale University
Session ID 190: ABC and Bayesian Asymptotics August 19, 2015 14:15 to 16:15 Viger Westin
Session Chair: Worapree Maneesoonthorn, University of Melbourne
Session type: contributed
1. Mostly Harmless Bayesian Econometrics: Implicit Distributional Assumptions
By Dale J. Poirier; University of California Irvine
presented by: Dale J. Poirier, University of California Irvine
2. Bayesian Nonparametric Calibration and Combination of Predictive Distributions
By Federico Bassetti; Università di Pavia Roberto Casarin; University Ca' Foscari of Venice Francesco Ravazzolo; Norges Bank
presented by: Francesco Ravazzolo, Norges Bank
3. Nonparametric Kernel Estimation for Bayesian Means
By Jiti Gao; Monash University Han Hong; Stanford University
presented by: Jiti Gao, Monash University
4. Approximate Bayesian Computation in State Space Models
By Worapree Maneesoonthorn; University of Melbourne
presented by: Worapree Maneesoonthorn, University of Melbourne
Session ID 454: Selection in Theoretical and Applied Econometrics August 19, 2015 14:15 to 16:15 Ville-Marie B Westin
Session Chair: Nese Yildiz, University of Rochester
Session type: contributed
1. Extremal Quantile Regressions for Selection Models and the Black-white Wage Gap
By Xavier D'Haultfoeuille; CREST Arnaud Maurel; Duke University Yichong Zhang; Duke University
presented by: Arnaud Maurel, Duke University
2. Diagnostic Tests for the Selection-on-observables Assumption: The Case of Women, Infants and Children Program
By Umair Khalil; University of Rochester Nese Yildiz; University of Rochester
presented by: Nese Yildiz, University of Rochester
Session ID 461: Firms, Earnings and Management August 19, 2015 14:15 to 16:15 St-Antoine B Westin
Session Chair: Shiming Fu, Duke University
Session type: contributed
1. Economic Uncertainty and Earnings Management
By Luke Stein; Arizona State University Charles Wang; Harvard Business School
presented by: Luke Stein, Arizona State University
2. Accounting for the Corporate Cash Increase
By Jake Zhao; Stony Brook University
presented by: Jake Zhao, Stony Brook University
3. Anti-competitive Effects of Common Ownership
By Jose Azar; Charles River Associates Martin Schmalz; University of Michigan Isabel Tecu; Charles River Associates
presented by: Isabel Tecu, Charles River Associates
4. Dynamic Capital Allocation and Managerial Compensation
By Shiming Fu; Duke University Fuqua School
presented by: Shiming Fu, University of Rochester
Session ID 215: International Financial Integration August 19, 2015 14:15 to 16:15 522C
Session Chair: Tianxiao Zheng, University of Colorado Boulder
Session type: contributed
1. Does Financial Integration Increase Welfare? Evidence from International Household-level Data
By Christian Friedrich; Bank of Canada
presented by: Christian Friedrich, Bank of Canada
2. Wedges for Wedges: Evaluating Integrations From the Perspective of a Neoclassical Model
By Shu-Shiuan Lu; National Tsing Hua University
presented by: Shu-Shiuan Lu, National Tsing Hua University
3. Financial Integration, Financial Frictions and Business Cycles of Emerging Market Economies
By Tianxiao Zheng; University of Colorado Boulder
presented by: Tianxiao Zheng, University of Colorado Boulder
Session ID 231: Financial Business Cycles August 19, 2015 14:15 to 16:15 523A
Session Chair: Aubhik Khan, Ohio State University
Session type: contributed
1. The Financing of Ideas and the Great Deviation
By Daniel Garcia-Macia; Stanford University
presented by: Daniel Garcia-Macia, Stanford University
2. Credit, Bankruptcy and Aggregate Fluctuations
By Makoto Nakajima; Federal Reserve Bank of Philadelphia
presented by: Makoto Nakajima, Federal Reserve Bank of Philadelphia
3. Breaking the Spell with Credit-easing: Self-confirming Credit Crises in Competitive Search Economies
By Gaetano Gaballo; Banque de France Ramon Marimon; European Institute and Universtat Pompeu Fabria
presented by: Ramon Marimon, European Institute and Universtat Pompeu Fabria
4. Default Risk With Real and Financial Uncertainty Shocks
By Aubhik Khan; Ohio State University Tatsuro Senga; Ohio State University Julia Thomas; Ohio State University
presented by: Aubhik Khan, Ohio State University
Session ID 235: Experiments in Behavioral Economics August 19, 2015 14:15 to 16:15 447
Session Chair: Kristof Madarasz, London School of Economics
Session type: contributed
1. Strategy Choice In The Infinitely Repeated Prisoners Dilemma
By Pedro Dal Bo; Brown University Guillaume Frechette; New York University
presented by: Guillaume Frechette, New York University
2. Excusing Selfishness in Charitable Giving: The Role of Risk
By Christine Exley; Stanford University
presented by: Christine Exley, Stanford University
3. The Biases of Others: Anticipating Informational Projection in an Agency Setting
By David Danz; WZB Berlin Kristof Madarasz; London School of Economics Stephanie Wang; University of Pittsburgh
presented by: Kristof Madarasz, London School of Economics
Session ID 241: Repeated Interactions August 19, 2015 14:15 to 16:15 520D
Session Chair: Katsunori Ohta, Wakayama University
Session type: contributed
1. Efficiency May Improve When Defectors Exist
By Takako Fujiwara-Greve; Keio University Masahiro Okuno-Fujiwara; Musashino University Nobue Suzuki; Komazawa University
presented by: Nobue Suzuki, Komazawa University
2. Explicit Renegotiation in Repeated Games
By Mikhail Safronov; Northwestern University Bruno Strulovici; Northwestern University
presented by: Bruno Strulovici, Northwestern University
3. Repeated Delegation
By Elliot Lipnowski; New York University Stern School of Business Joao Ramos; NYU
presented by: Elliot Lipnowski, New York University Stern School of Business
4. Repeated Partnerships With Decreasing Returns
By Hajime Kobayashi; Kansai University Katsunori Ohta; Wakayama University Tadashi Sekiguchi; Kyoto University
presented by: Katsunori Ohta, Wakayama University
Session ID 277: Incomplete Market Models of Sovereign Debt and Default August 19, 2015 14:15 to 16:15 524A
Session Chair: Seunghoon Na, Columbia University
Session type: contributed
1. Fiscal Rules and the Sovereign Default Premium
By Juan Hatchondo; Indiana University
presented by: Juan Hatchondo, Indiana University
2. Envelope Condition Method With an Application to Default Risk Models
By Cristina Arellano; Federal Reserve Bank of Minneapolis Lilia Maliar; Stanford University Serguei Maliar; Santa Clara University Viktor Tsyrennikov; IMF
presented by: Serguei Maliar, Santa Clara University
3. A Model of the Twin Ds: Optimal Default and Devaluation
By Seunghoon Na; Columbia University Stephanie Schmitt-Grohe; Columbia University Martin Uribe; Columbia University Vivian Yue; Emory University
presented by: Seunghoon Na, Columbia University
Session ID 1: Learning with Misspecified Models August 20, 2015 11:15 to 12:45 448
Session Chair: Drew Fudenberg, Harvard University
Session type: contributed
1. Active Learning With a Misspecifed Model
By Drew Fudenberg; Harvard University Gleb Romanyuk; Harvard University
presented by: Gleb Romanyuk, Harvard University
2. An Equilibrium Framework for Players With Misspecified Models
By Ignacio Esponda; Washington University St Louis Demian Pouzo; University of California Berkeley
presented by: Ignacio Esponda, Washington University St Louis
3. Unrealistic Expectations and Misguided Learning
By Paul Heidhues; European School of Management and Technology Botond Koszegi; Central European University Philipp Strack; UC Berkeley
presented by: Paul Heidhues, European School of Management and Technology
Session ID 274: Reputations and Bargaining August 20, 2015 11:15 to 12:45 519B
Session Chair: Kaustav Das, University of Exeter Business School
Session type: contributed
1. Reputation and Competition
By Christian Krestel; University College London
presented by: Christian Krestel, University College London
2. Polarization and Delay: Uncertainty in Reputational Bargaining
By Jack Fanning; Brown University
presented by: Jack Fanning, Brown University
3. Bilateral Trading and Incomplete Information: The Coase Conjecture and Endogenous Outside Options
By Kalyan Chatterjee; Pennsylvania State University Kaustav Das; University of Exeter
presented by: Kaustav Das, University of Exeter Business School
Session ID 21: Political Economy (Theory) August 20, 2015 11:15 to 12:45 517B
Session Chair: Keiichi Kawai, University of South New Wales
Session type: contributed
1. Persuasion, Transparency and Commitment
By Timothy Feddersen; Northwestern University Ronen Gradwohl; Northwestern University
presented by: Ronen Gradwohl, Northwestern University
2. A Theory of Vote Trading and Information Aggregation
By Peter Eso; University of Oxford Stephen Hansen; Universitat Pompeu Fabra Lucy White; Harvard Business School
presented by: Stephen Hansen, Universitat Pompeu Fabra
3. Policy Complexity
By Keiichi Kawai; University of New South Wales Hongyi Li; University of New South Wales
presented by: Keiichi Kawai, University of New South Wales
Session ID 284: Earnings Dynamics August 20, 2015 11:15 to 12:45 524C
Session Chair: Serdar Ozkan, University of Toronto
Session type: contributed
1. Higher-order Income Risk and Social Insurance Policy Over the Business Cycle
By Christopher Busch; University of Cologne David Domeij; Stockholm School of Economics Fatih Guvenen; University of Minnesota Rocio Madera; University of Minnesota
presented by: Christopher Busch, University of Cologne
2. Semiparametric Estimation of the Canonical Permanent-transitory Model of Earnings Dynamics
By Yingyao Hu; Johns Hopkins University Robert Moffitt; Johns Hopkins University Yuya Sasaki; Johns Hopkins University
presented by: Robert Moffitt, Johns Hopkins University
3. Understanding Portfolio Choice and Wealth Inequality: The Role of Non-Gaussian Earnings Risk with Asymmetric Mean Reversion
By Fatih Karahan; Federal Reserve Bank of New York Serdar Ozkan; University of Toronto
presented by: Serdar Ozkan, University of Toronto
Session ID 289: Continuous Time Contracts and Applications August 20, 2015 11:15 to 12:45 520E
Session Chair: Martin Dumav, European University Institute
Session type: contributed
1. Moral Hazard Premium: Valuation of Moral Hazard Under Diffusive and Jump Risks
By Hisashi Nakamura; Hitotsubashi University
presented by: Hisashi Nakamura, Hitotsubashi University
2. Optimal Disability Insurance and Unemployment Insurance With Cyclical Fluctuations
By Hsuan-Chih Lin; University of Wisconsin Madison
presented by: Hsuan-Chih Lin, University of Wisconsin Madison
3. Continuous-time Contracting With Ambiguous Perceptions
By Martin Dumav; European University Institute
presented by: Martin Dumav, European University Institute
Session ID 297: Decision Theory August 20, 2015 11:15 to 12:45 520A
Session Chair: Koji Shirai, Kwansei Gakuin University
Session type: contributed
1. Menu Choice Without Completeness
By Tsogbadral Galaabaatar; Ryerson University
presented by: Tsogbadral Galaabaatar, Ryerson University
2. A Theory of Robust Experiments for Choice Under Uncertainty
By Simon Grant; University of Queensland Jeffrey Kline; University of Queensland Idione Meneghel; Australian National University John Quiggin; University of Queensland rabee tourky; research school of economics
presented by: Jeffrey Kline, University of Queensland
3. A Revealed Preference Theory of Monotone Choice and Strategic Complementarity
By Natalia Lazzati; University of Michigan John Quah; Oxford University Koji Shirai; Kwansei Gakuin University
presented by: Koji Shirai, Kwansei Gakuin University
Session ID 52: Nonseparable Models August 20, 2015 11:15 to 12:45 522A
Session Chair: Alexandre Poirier, University of Iowa
Session type: contributed
1. Nonseparable Models With Information Frictions
By Suyong Song; University of Iowa
presented by: Suyong Song, University of Iowa
2. Minimum Integrated Distance Estimation in Simultaneous Equation Models
By Zhengyuan Gao; Université Catholique de Louvain CORE Antonio Galvao; University of Iowa
presented by: Zhengyuan Gao, Université Catholique de Louvain CORE
3. Efficient Estimation in Models With Independence Restrictions
By Alexandre Poirier; University of Iowa
presented by: Alexandre Poirier, University of Iowa
Session ID 313: Bank Runs August 20, 2015 11:15 to 12:45 520F
Session Chair: Enrico Sette, Bank of Italy
Session type: contributed
1. Financial Crises and Systemic Bank Runs in a Dynamic Model of Banking
By Roberto Robatto; University Wisconsin Madison
presented by: Roberto Robatto, University Wisconsin Madison
2. Liquidity Backstops and Dynamic Debt Runs
By Bin Wei; Federal Reserve Bank of Atlanta Vivian Yue; Emory University
presented by: Bin Wei, Federal Reserve Bank of Atlanta
3. Double Bank Runs and Liquidity Risk Management
By Filippo Ippolito; Universitat Pompeu Fabra Jose Luis Peydro; Universitat Pompeu Fabra Andrea Polo; Universitat Pompeu Fabra and Barcelona GSE Enrico Sette; Bank of Italy
presented by: Enrico Sette, Bank of Italy
Session ID 59: Risk Aversion in Auctions August 20, 2015 11:15 to 12:45 Le Moyne Westin
Session Chair: Matthew Gentry, London School of Economics
Session type: contributed
1. Identification and Estimation in First-price Auctions With Risk-averse Bidders and Selective Entry
By Matthew Gentry; London School of Economics Tong Li; Vanderbilt University Jingfeng Lu; National University of Singapore
presented by: Matthew Gentry, London School of Economics
2. Inference of Risk Aversion in First-price Auctions With An Unobserved Characteristic
By Yu Zhu; University of Wisconsin - Madison
presented by: Yu Zhu, University of Leicester
3. Endogenous Entry and Risk-aversion in Oil and Gas Lease Auctions
By Yunmi Kong; New York University
presented by: Yunmi Kong, New York University
Session ID 316: Policy Reforms August 20, 2015 11:15 to 12:45 521A
Session Chair: William Peterman, Federal Reserve Board of Governors
Session type: contributed
1. The Cost of Uncertainty About the Timing of Social Security Reform
By Frank Caliendo; Utah State University Aspen Gorry; Utah State University Sita Slavov; George Mason University
presented by: Aspen Gorry, Utah State University
2. Universal Basic Income Versus Unemployment Insurance
By Alice FABRE; GREQAM- AMSE Stephane Pallage; UQAM Christian Zimmermann; Federal Reserve Bank of St. Louis
presented by: Christian Zimmermann, Federal Reserve Bank of St. Louis
3. A Historical Welfare Analysis of Social Security: Who Did the Program Benefit?
By William Peterman; Federal Reserve Board of Governors Kamila Sommer; Federal Reserve Board
presented by: William Peterman, Federal Reserve Board of Governors
Session ID 77: Behavioral Economics and Public Policy August 20, 2015 11:15 to 12:45 517C
Session Chair: Jörg Spenkuch, Northwestern University Kellogg School of Management
Session type: contributed
1. Backward Induction in the Wild: Evidence From the U.S. Senate
By Jörg Spenkuch; Northwestern University Kellogg School of Management
presented by: Jörg Spenkuch, Northwestern University Kellogg School of Management
2. Preference Identification Under Inconsistent Choice
By Jacob Goldin; Princeton University Daniel Reck; University of Michigan
presented by: Daniel Reck, University of Michigan
3. Affirmative Action and Stereotype Threat
By Anat Bracha; Federal Reserve Bank of Boston Alma Cohen; Harvard Lynn Conell-Price; Carnegie Mellon University
presented by: Anat Bracha, Federal Reserve Bank of Boston
Session ID 339: Incentives August 20, 2015 11:15 to 12:45 520B
Session Chair: Peter Hammond, University of Warwick
Session type: contributed
1. Optimal Sequential Delegation
By Eugen Kovac; University of Duisburg-Essen and University of Bonn Daniel Krähmer; University Bonn
presented by: Eugen Kovac, University of Duisburg-Essen and University of Bonn
2. Pay to Quit and Team Incentives
By Pak Hung Au; Nanyang Technological University
presented by: Pak Hung Au, Nanyang Technological University
3. Designing a Strategy-proof Spot Market Mechanism: Twenty-four Steps to Walrasian Equilibrium
By Peter Hammond; University of Warwick
presented by: Peter Hammond, University of Warwick
Session ID 342: Empirical Studies of Regulations August 20, 2015 11:15 to 12:45 Palais Westin
Session Chair: Jung You, California State University East Bay
Session type: contributed
1. Vertical Restraints in the Movie Exhibition Inudustry
By Krzysztof Wozniak; Federal Reserve Board of Governors
presented by: Krzysztof Wozniak, Federal Reserve Board of Governors
2. Measuring the Unequal Implications of One Size Fits All Regulation
By Jeff Thurk; University of Notre Dame
presented by: Jeff Thurk, University of Notre Dame
3. Regulation Under Asymmetric Information in Road Transport Networks
By Ju Hyun Kim; University of North Carolina Chapel Hill Jung You; California State University East Bay
presented by: Jung You, California State University East Bay
Session ID 349: I O Theory 2 August 20, 2015 11:15 to 12:45 Beaver Hall Westin
Session Chair: Jianpei Li, University of International Business and Economics
Session type: contributed
1. Bundling Incentives in Markets with Product Complementarities: The Case of Triple-play
By Joao Macieira; Virginia Tech Pedro Pereira; Autoridade da Concorrência João Vareda; Universidade de Évora
presented by: Pedro Pereira, Autoridade da Concorrência
2. The Prudent Principal
By Bernard Sinclair-Desgagné; HEC Montreal Sandrine Spaeter; BETA
presented by: Bernard Sinclair-Desgagné, HEC Montreal
3. Bundled Procurement
By Yongmin Chen; University of Colorado at Boulder Jianpei Li; University of International Business and Economics
presented by: Jianpei Li, University of International Business and Economics
Session ID 99: Empirical Analysis of Income Distributions August 20, 2015 11:15 to 12:45 522B
Session Chair: Xiaojun Song, Peking University
Session type: contributed
1. Consistent Tests for Poverty Dominance Relations
By Garry Barrett; University of Sydney Stephen Donald; University of Texas at Austin
presented by: Garry Barrett, University of Sydney
2. Estimating Income Distributions From Grouped Data: A Minimum Quantile Distance Approach
By Tsvetana Spasova; University of Basel
presented by: Tsvetana Spasova, University of Basel
3. Nonparametric Comparison of Conditional Transition Probabilities: Is Italian Income Mobility Region Specific?
By Francesco Risi; Universidad Carlos III de Madrid Xiaojun Song; Peking University
presented by: Xiaojun Song, Peking University
Session ID 356: Empirical Issues in Trade August 20, 2015 11:15 to 12:45 Ste-Helene Westin
Session Chair: Ahmad Lashkaripour, Indiana University
Session type: contributed
1. Any Port in a Storm: Import Competition and Match Quality Downgrading
By Jeff Chan; University of Toronto
presented by: Jeff Chan, University of Toronto
2. How Important are Trade Prices for Trade Flows?
By Logan Lewis; Federal Reserve Board
presented by: Logan Lewis, Federal Reserve Board
3. Worth Its Weight in Gold: Product Weight, International Shipping and Patterns of Trade
By Ahmad Lashkaripour; Indiana University
presented by: Ahmad Lashkaripour, Indiana University
Session ID 106: Algorithms for Dynamic Stochastic Macro Models August 20, 2015 11:15 to 12:45 518A
Session Chair: Erick Sager, Bureau of Labor Statistics
Session type: contributed
1. Using Adaptive Sparse Grids to Solve High-dimensional Dynamic Models
By Johannes Brumm; University of Zurich Simon Scheidegger; University of Zurich
presented by: Simon Scheidegger, University of Zurich
2. An Evaluation of Constitutional Constraints on Capital Taxation
By Begoña Dominguez; University of Queensland Zhigang Feng; University of Illinois Urbana Champaign
presented by: Zhigang Feng, University of Illinois Urbana Champaign
3. Solving the Incomplete Markets Model With Aggregate Uncertainty: The Method of Mixtures
By Erick Sager; Bureau of Labor Statistics
presented by: Erick Sager, Bureau of Labor Statistics
Session ID 374: Impact of "Shocks" on the Economy August 20, 2015 11:15 to 12:45 Mc Gill Westin
Session Chair: Daniel Shoag, Harvard Kennedy School
Session type: contributed
1. When Labor Disputes Bring Cities to a Standstill: The Impact of Public Transit Strikes on Traffic, Accidents, Air Pollution, and Health
By Stefan Bauernschuster; University of Passau Timo Hener; Ifo Institute Helmut Rainer; Ifo Institute
presented by: Timo Hener, Ifo Institute
2. Heterogeneous Effects of Fiscal Equalization Grants on Local Expenditures: Evidence From Two Formula-based Variations
By Michihito Ando; Uppsala University National Institute of Population and Social Security Research
presented by: Michihito Ando, Uppsala University National Institute of Population and Social Security Research
3. Shops and the City: Evidence on Local Externalities and Local Government Policy From Big Box Bankruptcies
By Daniel Shoag; Harvard Kennedy School Stan Veuger; American Enterprise Institute for Public Policy Research
presented by: Daniel Shoag, Harvard Kennedy School
Session ID 376: Sorting In Different Environments August 20, 2015 11:15 to 12:45 Ville-Marie A Westin
Session Chair: Bobak Pakzad-Hurson, Stanford University
Session type: contributed
1. Urban Sorting and Diversity Within Neighborhoods
By Gregorio Caetano; University of Rochester Vikram Maheshri; University of Houston
presented by: Gregorio Caetano, University of Rochester
2. Lone Stars or Constellations? The Impact of Performance Pay on Matching Assortativeness in Academia
By Erina Ytsma; London School of Economics
presented by: Erina Ytsma, London School of Economics
3. Strategic Disaggregation in University Admissions
By Bobak Pakzad-Hurson; Stanford University
presented by: Bobak Pakzad-Hurson, Stanford University
Session ID 382: Social Programs in Development August 20, 2015 11:15 to 12:45 Ville-Marie B Westin
Session Chair: Yasuyuki Sawada, University of Tokyo
Session type: contributed
1. Rural Employment Guarantee, Women's Participation and Children's Welfare: Evidence From India
By Bipasha Maity; University of British Columbia
presented by: Bipasha Maity, University of British Columbia
2. Conditional Cash Transfers and Crime: Higher Income But Also Better Loot
By Ignacio Munyo; University of Montevideo
presented by: Ignacio Munyo, University of Montevideo
3. Election, Implementation and Social Capital in School-based Management: Evidence from COGES Project in Burkina Faso
By Yasuyuki Sawada; University of Tokyo Takeshi Aida; National Graduate Institute for Policy Studies (GRIPS) Andrew Griffen; University of Tokyo Eiji Kozuka; Hiroshima University Haruko Noguchi; Waseda University Yasuyuki Todo; Waseda University
presented by: Yasuyuki Sawada, University of Tokyo
Session ID 131: Firm Performance in Global Markets: Methods and Applications August 20, 2015 11:15 to 12:45 St-Paul Westin
Session Chair: Frederic Warzynski, Aarhus School of Business
Session type: contributed
1. Multi-dimensional Effects of International Trade: The Experience of Chinese Manufacturers
By Paul Grieco; Pennsylvania State University Shengyu Li; Durham University Hongsong Zhang; University of Hong Kong
presented by: Shengyu Li, Durham University
2. Supply Function Competition and Exporters: Nonparametric Identification and Estimation of Productivity Distributions and Marginal Costs
By Ayse Pehlivan; Bilkent University Quang Vuong; New York University
presented by: Ayse Pehlivan, Bilkent University
3. Import Competition, Productivity and Multi-product Firms
By Frederic Warzynski; Aarhus School of Business
presented by: Frederic Warzynski, Aarhus School of Business
Session ID 137: Time Consistency of Fiscal Policy August 20, 2015 11:15 to 12:45 520D
Session Chair: Anastasios Karantounias, Federal Reserve Bank of Atlanta
Session type: contributed
1. Time-consistent Institutional Design
By Charles Brendon; University of Cambridge Martin Ellison; University of Oxford
presented by: Charles Brendon, University of Cambridge
2. Welfare Effects of Consumption Tax in Emerging Markets: The Argentine Case
By Li Li; University of Toronto
presented by: Li Li, University of Toronto
3. Optimal Time-consistent Taxation With Default
By Anastasios Karantounias; Federal Reserve Bank of Atlanta Karen Kopecky; Federal Reserve Bank of Atlanta
presented by: Anastasios Karantounias, Federal Reserve Bank of Atlanta
Session ID 398: Monetary Policy and Asset Prices August 20, 2015 11:15 to 12:45 521B
Session Chair: Christian Matthes, Federal Reserve Bank of Richmond
Session type: contributed
1. Bond Market Exposures to Macroeconomic and Monetary Policy Risks
By Dongho Song; Boston College
presented by: Dongho Song, Boston College
2. An Injury to One: Financial Frictions and the Reaction of Stock Prices to Monetary Policy Shocks
By Ali Ozdagli; Federal Reserve Bank of Boston
presented by: Ali Ozdagli, Federal Reserve Bank of Boston
3. Measuring the Non-linear Effects of Monetary Policy
By Regis Barnichon; CREI Christian Matthes; Federal Reserve Bank of Richmond
presented by: Christian Matthes, Federal Reserve Bank of Richmond
Session ID 144: Economic Output, Weather, and Climate August 20, 2015 11:15 to 12:45 Ramezay Westin
Session Chair: Paul Cashin, IMF
Session type: contributed
1. Temperatures and Growth: A Panel Analysis of the U.S.
By Riccardo Colacito; University of North Carolina, Chapel Hil Bridget Hoffmann; Northwestern University Toan Phan; UNC Chapel Hill
presented by: Bridget Hoffmann, Northwestern University
2. Revisiting Carbon Kuznets Curves With Endogenous Breaks Modeling: Evidence of Decoupling and Saturation (but Few Inverted-Us) for Individual OECD Countries
By Brantley Liddle; Asia Pacific Energy Research Centre
presented by: Brantley Liddle, Asia Pacific Energy Research Centre
3. Fair Weather or Foul? The Macroeconomic Effects of El Niño
By Paul Cashin; IMF Kamiar Mohaddes; University of Cambridge Mehdi Raissi; International Monetary Fund
presented by: Mehdi Raissi, International Monetary Fund
Session ID 150: Mathematical Economics August 20, 2015 11:15 to 12:45 518B
Session Chair: Kali Rath, University of Notre Dame
Session type: contributed
1. Dynamic Directed Random Matching
By Darrell Duffie; Stanford University Lei Qiao; National University of Singapore Yeneng Sun; National University of Singapore
presented by: Yeneng Sun, National University of Singapore
2. Evaluating Allocations of Freedom
By Itai Sher; University of California San Diego
presented by: Itai Sher, University of California San Diego
3. Nonexistence of Nash Equilibria in Games Over Finitely Additive Measure Spaces
By M. Ali Khan; Johns Hopkins University Lei Qiao; National University of Singapore Kali Rath; University of Notre Dame Yeneng Sun; National University of Singapore
presented by: Kali Rath, University of Notre Dame
Session ID 408: Welfare August 20, 2015 11:15 to 12:45 520C
Session Chair: Oded Stark, University of Bonn
Session type: contributed
1. Welfare Criteria From Choice: The Sequential Solution
By Sean Horan; Université de Montréal Yves Sprumont; University of Montreal
presented by: Sean Horan, Université de Montréal
2. Endogenous Public Information and Welfare in Market Games
By Xavier Vives; IESE Business School
presented by: Xavier Vives, IESE Business School
3. Relative Deprivation and Relative Risk Aversion
By Oded Stark; University of Bonn
presented by: Oded Stark, University of Bonn
Session ID 170: Econometrics of High-frequency Data August 20, 2015 11:15 to 12:45 522C
Session Chair: Kokouvi Tewou, University of Montreal
Session type: contributed
1. Bootstrapping High-frequency Jump Tests
By Prosper Dovonon; Concordia University Silvia Goncalves; Université de Montréal Ulrich Hounyo; University of Oxford Nour Meddahi; Toulouse School of Economics
presented by: Nour Meddahi, Toulouse School of Economics
2. Nonparametric Estimation of the Leverage Effect Using Information From Derivatives Markets
By Ilze Kalnina; University of Montreal Dacheng Xiu; University of Chicago
presented by: Ilze Kalnina, University of Montreal
3. Cross-sectional Dependence in Idiosyncratic Volatility
By Ilze Kalnina; University of Montreal Kokouvi Tewou; University of Montreal
presented by: Kokouvi Tewou, University of Montreal
Session ID 179: Preferences and Updating August 20, 2015 11:15 to 12:45 518C
Session Chair: Evan Calford, University of British Columbia
Session type: contributed
1. Lone Wolf or Herd Animal? An Experiment on Choice of Information and Social Learning
By John Duffy; University of California Irvine Ed Hopkins; University of Edinburgh Tatiana Kornienko; University of Edinburgh
presented by: John Duffy, University of California Irvine
2. Experimental Elicitation of Ambiguity Attitude Using the Random Incentive System
By Aurélien Baillon; Erasmus University Rotterdam Yoram Halevy; University of British Columbia Chen Li; Erasmus University Rotterdam
presented by: Aurélien Baillon, Erasmus University Rotterdam
3. Ambiguity Aversion in Game Theory: Experimental Evidence
By Evan Calford; University of British Columbia
presented by: Evan Calford, University of British Columbia
Session ID 448: Health and Labor Markets August 20, 2015 11:15 to 12:45 525A
Session Chair: Galina Besstremyannaya, Center for Economic and Financial Research at New Economic School
Session type: contributed
1. Employee Health and Employer Incentives
By Patrick Hullegie; VU University Amsterdam
presented by: Patrick Hullegie, VU University Amsterdam
2. Equilibrium Labor Market Effects of Non-contributory Health Insurance: Evidence From Mexico
By Gabriella Conti; University College London Rita Ginja; Uppsala University Renata Narita; University of Sao Paulo
presented by: Renata Narita, University of Sao Paulo
3. Heterogeneous Effect of Residency Matching and Prospective Payment on Labor Returns and Hospital Scale Economies
By Galina Besstremyannaya; Center for Economic and Financial Research at New Economic School
presented by: Galina Besstremyannaya, Center for Economic and Financial Research at New Economic School
Session ID 456: VCs Finance and Returns August 20, 2015 11:15 to 12:45 521C
Session Chair: Jing Ma, Newcastle University
Session type: contributed
1. Competition and Specialization: A Non-monotonic Relationship
By Mian Dai; Drexel University
presented by: Mian Dai, Drexel University
2. Risking Returns: Moving From Public to Private Equity
By Jerry CAO; Singapore Management University Aurobindo Ghosh; Singapore Management University Jeremy Goh; Singapore Management University
presented by: Aurobindo Ghosh, Singapore Management University
3. Venture Capital Reputation and Long-run Performance of Chinese IPOs
By Jing Ma; Newcastle University
presented by: Jing Ma, Newcastle University
Session ID 202: Identification and Estimation in Structural Models August 20, 2015 11:15 to 12:45 447
Session Chair: Alexander Torgovitsky, Northwestern University
Session type: contributed
1. Sharp Bounds for the Roy Model
By Ismael Mourifie; University of Toronto Mark S. Henry; Dept. of Applied Economics and Statisti Romuald Meango; IFO
presented by: Ismael Mourifie, University of Toronto
2. Partial Identification of State Dependence
By Alexander Torgovitsky; Northwestern University
presented by: Alexander Torgovitsky, Northwestern University
Session ID 463: Econometric Analysis of Networks August 20, 2015 11:15 to 12:45 525B
Session Chair: Zhentao Shi, The Chinese University of Hong Kong
Session type: contributed
1. A Structural Pairwise Regression Model With Individual Heterogeneity
By Zhentao Shi; The Chinese University of Hong Kong
presented by: Zhentao Shi, The Chinese University of Hong Kong
2. Additive Model With Endogenous Network Formation
By Julian TszKin Chan; Boston University
presented by: Julian TszKin Chan, Boston University
3. A Structural Econometric Analysis of Network Formation Games
By Shuyang Sheng; University of California Los Angeles
presented by: Shuyang Sheng, University of California Los Angeles
Session ID 212: Sorting, Wages, and Frictions August 20, 2015 11:15 to 12:45 523A
Session Chair: Bastian Schulz, University of Munich and Ifo Institute
Session type: contributed
1. Better Workers Move to Better Firms: A Simple Test to Identify Sorting
By Cristian Bartolucci; Collegio Carlo Alberto Francesco Devicienti; Università di Torino Ignacio Monzon; Collegio Carlo Alberto
presented by: Cristian Bartolucci, Collegio Carlo Alberto
2. An Empirical Model of Wage Dispersion With Sorting
By Jesper Bagger; University of London Royal Holloway College Rasmus Lentz; University of Wisconsin Madison
presented by: Jesper Bagger, University of London Royal Holloway College
3. Wage Rigidity and Labor Market Dynamics With Sorting
By Bastian Schulz; Ifo Institute
presented by: Bastian Schulz, University of Munich and Ifo Institute
Session ID 213: Game Theory: Equilibrium Concepts August 20, 2015 11:15 to 12:45 519A
Session Chair: Luciano de Castro, University of Iowa
Session type: contributed
1. Language Games
By Andreas Blume; University of Arizona
presented by: Andreas Blume, University of Arizona
2. Collusion, Randomization and Leadership in Groups
By Rohan Dutta; McGill University David Levine; EUI and WUSTL Salvatore Modica; Universita' di Palermo, Italy
presented by: Rohan Dutta, McGill University
3. Nash-equilibrium in Games With Quasi-monotonic Best-responses
By Rabah Amir; Univ of Iowa Luciano de Castro; University of Iowa
presented by: Luciano de Castro, University of Iowa
Session ID 251: Structural Change August 20, 2015 11:15 to 12:45 523B
Session Chair: Giovanni Urga, Cass Business School London
Session type: contributed
1. Efficient Inference With Time-varying Identification Strength
By Bertille Antoine; Simon Fraser University Otilia Boldea; Tilburg University
presented by: Bertille Antoine, Simon Fraser University
2. Markov-switching Quantile Autoregression: A Gibbs Sampling Approach
By Xiaochun Liu; Temple University Richard Luger; Laval University
presented by: Richard Luger, Laval University
3. Multiple Testing and Stability in Reduced Rank Non-stationary Regressions
By Michele Bergamelli; Cass Business School Lynda Khalaf; Carleton University Giovanni Urga; Cass Business School London
presented by: Giovanni Urga, Cass Business School London
Session ID 252: Identification Problems in Econometrics August 20, 2015 11:15 to 12:45 524A
Session Chair: Naijing Huang, Boston College
Session type: contributed
1. Instrument Endogeneity, Weak Identification, and Inference in IV Regressions
By Sabro Firmin Doko Tchatoka; University of Adelaide
presented by: Sabro Firmin Doko Tchatoka, University of Adelaide
2. Necessary and Sufficient Conditions for Nonlinear Parametric Function Identification
By Xin Liang; Bank of Montreal Jean-Marie Dufour; McGill University
presented by: Xin Liang, Bank of Montreal
3. Weak Inference for Dynamic Stochastic General Equilibrium Models With Time-varying Parameters
By Naijing Huang; Boston College
presented by: Naijing Huang, Boston College
Session ID 255: Schooling and Occupations August 20, 2015 11:15 to 12:45 524B
Session Chair: Satoshi Tanaka, University of Queensland
Session type: contributed
1. Why Have the Wages of Married Women Increased?: Marital Sorting and Labor Supply of Couples
By Zvi Eckstein; The Interdisciplinary Center Herzliya Michael Keane; Oxford University Osnat Lifshitz; Tel Aviv Jaffa Academic College
presented by: Osnat Lifshitz, Tel Aviv Jaffa Academic College
2. Mothers' Employment and Children's Educational Gender Gap
By Xiaodong Fan; University of New South Wales Hanming Fang; University of Pennsylvania Simen Markussen; Ragnar Frisch Centre for Economic Research
presented by: Xiaodong Fan, University of New South Wales
3. Occupational Switching and Self-discovery in the Labor Market
By Fatih Guvenen; University of Minnesota Burhanettin Kuruscu; University of Toronto Satoshi Tanaka; University of Queensland David Wiczer; FRB St. Louis
presented by: Satoshi Tanaka, University of Queensland
Session ID 259: Dynamic Structural Models August 20, 2015 11:15 to 12:45 Viger Westin
Session Chair: Kevin Williams, Yale University School of Management
Session type: contributed
1. A Microeconometric Dynamic Structural Model of Copper Mining Decisions
By Victor Aguirregabiria; University of Toronto Andres Luengo; University of Southampton
presented by: Victor Aguirregabiria, University of Toronto
2. Stockpiling and Learning as Entry Deterrents
By Christoph Bauner; Cornerstone Research Emily Wang; University of Massachusetts Amherst
presented by: Emily Wang, University of Massachusetts Amherst
3. Dynamic Airline Pricing and Seat Availability
By Kevin Williams; Yale University School of Management
presented by: Kevin Williams, Yale University School of Management
Session ID 256: Organizational Economics: Delegation and Relational Contracting August 20, 2015 14:15 to 16:15 Mc Gill Westin
Session Chair: John Zhu, University of Pennsylvania Wharton Schoo
Session type: contributed
1. Power Dynamics in Organizations
By Jin Li; Strategy Department Niko Matouschek; Northwestern University (KSM) Michael Powell; Northwestern University Kellogg School of Management
presented by: Michael Powell, Northwestern University Kellogg School of Management
2. The Optimality of Arms Length, Memoryless Contracts
By John Zhu; University of Pennsylvania Wharton School
presented by: John Zhu, University of Pennsylvania Wharton Schoo
Session ID 3: Recent Advances in Financial Econometrics August 20, 2015 14:15 to 16:15 520D
Session Chair: Gustavo Schwenkler, Boston University
Session type: contributed
1. Jump Regressions
By Jia Li; Duke University Viktor Todorov; Northwestern University George Tauchen; Duke University
presented by: George Tauchen, Duke University
2. Incorporating Global Industrial Classification Standard Into Portfolio Allocation: A Simple Factor-based Large Covariance Matrix Estimator With High Frequency Data
By Jianqing Fan; Princeton University Alex Furger; Princeton University Dacheng Xiu; University of Chicago
presented by: Dacheng Xiu, University of Chicago
3. Indirect Estimation Via Targeting
By David Frazier; Monash University Eric Renault; Brown University
presented by: Eric Renault, Brown University
4. Filtered Likelihood for Point Processes
By Kay Giesecke; Stanford University Gustavo Schwenkler; Boston University
presented by: Gustavo Schwenkler, Boston University
Session ID 20: Advances in VAR August 20, 2015 14:15 to 16:15 517B
Session Chair: Ferre De Graeve, University of Leuven
Session type: contributed
1. Structural Vector Autoregressions With Smooth Transition in Variances: The Interaction Between U.S. Monetary Policy and the Stock Market
By Aleksei Netsunajev; Freie Universitat Berlin Helmut Lütkepohl; DIW Berlin
presented by: Aleksei Netsunajev, Freie Universitat Berlin
2. The Systematic Component of Monetary Policy in SVARs: An Agnostic Identification Procedure
By Jonas Arias; Federal Reserve Board Dario Caldara; Federal Reserve Board Juan Rubio-Ramirez; Duke University
presented by: Jonas Arias, Federal Reserve Board
3. A Theory of Data-oriented Identification With a SVAR Application
By Nick Arefiev; Higher School of Economics
presented by: Nick Arefiev, Higher School of Economics
4. Un-truncating VARs
By Ferre De Graeve; University of Leuven Andreas Westermark; Sveriges Riksbank
presented by: Ferre De Graeve, University of Leuven
Session ID 278: Sovereign Debt: Crises and Long-Run Outcomes August 20, 2015 14:15 to 16:15 518C
Session Chair: Philippe Bacchetta, University of Lausanne
Session type: contributed
1. A Crisis-bailout Game
By Bruno Salcedo; Pennsylvania State University Bruno Sultanum; Federal Reserve Bank of Richmond Ruilin Zhou; Pennsylvania State University
presented by: Ruilin Zhou, Pennsylvania State University
2. Sovereign Debt vs Redistributive Taxes: Financing Recoveries in Unequal and Uncommitted Economies
By Alessandro Dovis; Pennsylvania State University Mikhail Golosov; Princeton University Ali Shourideh; University of Pennsylavnia
presented by: Ali Shourideh, University of Pennsylavnia
3. Optimal Sovereign Debt Policy With Private Trading: Explaining Allocation Puzzle
By Yena Park; University of Rochester
presented by: Yena Park, University of Rochester
4. Self-fulfilling Debt Crises: Can Monetary Policy Really Help?
By Philippe Bacchetta; University of Lausanne Elena Perazzi; University of Lausanne Eric van Wincoop; University of Virginia
presented by: Elena Perazzi, University of Lausanne
Session ID 281: Empirical I.O. August 20, 2015 14:15 to 16:15 523B
Session Chair: Mitsuru Igami, Yale University
Session type: contributed
1. Just Starting Out: Learning and Price Competition in a New Market
By Ulrich Doraszelski; University of Pennsylvania Greg Lewis; Microsoft Corporation Ariel Pakes; Harvard University
presented by: Greg Lewis, Microsoft Corporation
2. A Bounds Approach to Counterfactual Analysis
By Mar Reguant; Stanford University
presented by: Mar Reguant, Stanford University
3. Identification of Counterfactuals and Payoffs in Dynamic Discrete Choice With an Application to Land Use
By Myrto Kalouptsidi; Princeton University Paul Scott; University of Toulouse I Eduardo Souza-Rodrigues; University of Toronto
presented by: Eduardo Souza-Rodrigues, University of Toronto
4. Mergers, Innovation, and Entry-exit Dynamics: The Consolidation of the Hard Disk Drive Industry
By Mitsuru Igami; Yale University Kosuke Uetake; Yale University School of Management
presented by: Mitsuru Igami, Yale University
Session ID 26: Empirical Macroeconomics with Big Data August 20, 2015 14:15 to 16:15 517C
Session Chair: Michael McCracken, Federal Reserve Bank of St. Louis
Session type: contributed
1. The Nature of Wage Adjustment in U.S. Firms: New Evidence From Worker-firm Linked Data
By Andre Kurmann; Drexel University Erika McEntarfer; US Census Bureau James Spletzer; U.S. Census Bureau
presented by: Andre Kurmann, Drexel University
2. Payment Choice and the Future of Currency: Insights From Two Billion Retail Transactions
By Zhu Wang; Federal Reserve Bank of Richmond Alexander Wolman; Federal Reserve Bank of Richmond
presented by: Zhu Wang, Federal Reserve Bank of Richmond
3. Cost of Living Inequality During the Great Recession
By David Argente; University of Chicago Munseob Lee; University of Chicago
presented by: David Argente, University of Chicago
4. FRED-MD: A Monthly Database for Macroeconomic Research
By Michael McCracken; Federal Reserve Bank of St. Louis Serena Ng; Columbia University
presented by: Michael McCracken, Federal Reserve Bank of St. Louis
Session ID 294: Financial Econometrics August 20, 2015 14:15 to 16:15 522A
Session Chair: Marcin Zamojski, VU University Amsterdam
Session type: contributed
1. A Nonparametric Test of a Strong Leverage Hypothesis
By Oliver Linton; Universit of Cambridge Yoon-Jae Whang; Seoul National University Yu-Min Yen; National Chengchi University
presented by: Yoon-Jae Whang, Seoul National University
2. Stochastic Efficiency Analysis Using Relative Entropy and Empirical Likelihood
By Thierry Post; Koc University Valerio Poti; University College Dublin
presented by: Valerio Poti, University College Dublin
3. Understanding Regressions With Observations Collected at High Frequency Over Long Span
By Yoosoon Chang; Indiana University Joon Park; Indiana University
presented by: Yoosoon Chang, Indiana University
4. Generalized Autoregressive Method of Moments
By Drew Creal; University of Chicago Siem Jan Koopman; VU University Amsterdam Andre Lucas; VU University Amsterdam Marcin Zamojski; VU University Amsterdam
presented by: Drew Creal, University of Chicago
Session ID 298: GARCH Models: Midas, Realized and GARCH-X August 20, 2015 14:15 to 16:15 522B
Session Chair: Elena-Ivona Dumitrescu, Paris Ouest Nanterre la Defense
Session type: contributed
1. Misspecification Testing in GARCH-MIDAS Models
By Christian Conrad; University of Heidelberg Melanie Schienle; Leibniz University Hannover
presented by: Christian Conrad, University of Heidelberg
2. Semiparametric Multiplicative GARCH-X Model: Adopting Economic Variables to Explain Volatility
By Heejoon Han; Sungkyunkwan University Dennis Kristensen; University College London
presented by: Heejoon Han, Sungkyunkwan University
3. Volatility During the Financial Crisis Through the Lens of High Frequency Data: A Realized GARCH Approach
By Georgiana Denisa Banulescu; European University Institute Peter Hansen; European University Institute Zhuo Huang; Peking University Marius Matei; University of Tasmania
presented by: Georgiana Denisa Banulescu, European University Institute
4. Exchange Rate Volatility Forecasting: A Multivariate Realized-GARCH Approach
By Janine Balter; European University Institute Elena-Ivona Dumitrescu; Paris Ouest Nanterre la Defense Peter Hansen; European University Institute
presented by: Elena-Ivona Dumitrescu, Paris Ouest Nanterre la Defense
Session ID 45: Search and Sorting August 20, 2015 14:15 to 16:15 Le Moyne Westin
Session Chair: Sergey Popov, Queen's University Belfast
Session type: contributed
1. Unobservable Investments and Search Frictions
By Yujing Xu; University of Hong Kong
presented by: Yujing Xu, University of Hong Kong
2. Assortative Matching and Risk Sharing
By sanxi li; School of Economics Hailin Sun; Peking University Tong Wang; University of Edinburgh Jun Yu; Singapore Management University
presented by: Tong Wang, University of Edinburgh
3. Frictions Lead to Sorting: A Partnership Model With On-the-match Search
By Cristian Bartolucci; Collegio Carlo Alberto Ignacio Monzon; Collegio Carlo Alberto
presented by: Ignacio Monzon, Collegio Carlo Alberto
4. On Publication, Refereeing, and Working Hard
By Sascha Baghestanian; Goethe University Sergey Popov; Queen's University Belfast
presented by: Sergey Popov, Queen's University Belfast
Session ID 303: Methods and Applications for DSGE Models August 20, 2015 14:15 to 16:15 522C
Session Chair: Riccardo Maria Masolo, Bank of England
Session type: contributed
1. Impulse Response Matching Estimators for DSGE Models
By Pablo Guerron-Quintana; Federal Reserve Bank of Philadelphia Atsushi Inoue; Vanderbilt University Lutz Kilian; University of Michigan
presented by: Atsushi Inoue, Vanderbilt University
2. An Estimated DSGE Model With a Deflation Steady State
By Yasuo Hirose; Keio University
presented by: Yasuo Hirose, Keio University
3. A Composite Likelihood Framework for Analyzing Singular DSGE Models
By Zhongjun Qu; Boston University
presented by: Zhongjun Qu, Boston University
4. Evaluating UK Point and Density Forecasts From an Estimated DSGE Model: The Role of Off-model Information Over the Financial Crisis
By Nicholas Fawcett; Bank of England Lena Koerber; Bank of England and London School of Eco Riccardo Maria Masolo; Bank of England Matthew Waldron; Bank of England
presented by: Riccardo Maria Masolo, Bank of England
Session ID 324: Optimal Financial Contracts August 20, 2015 14:15 to 16:15 519A
Session Chair: Pierre Chaigneau, HEC Montreal
Session type: contributed
1. Using Elasticities to Derive Optimal Bankruptcy Exemptions
By Eduardo Davila; New York University
presented by: Eduardo Davila, New York University
2. Optimal Contracts, Aggregate Risk, and the Financial Accelerator
By Charles Carlstrom; Federal Reserve Bank of Cleveland Timothy Fuerst; University of Notre Dame Matthias Paustian; Federal Reserve Board
presented by: Charles Carlstrom, Federal Reserve Bank of Cleveland
3. Personal Bankruptcy and Wage Garnishment
By Florian Exler; University of Mannheim
presented by: Florian Exler, University of Mannheim
4. The Informativeness Principle Under Limited Liability
By Pierre Chaigneau; HEC Montreal Alex Edmans; University of Pennsylvania Daniel Gottlieb; University of Pennsylvania
presented by: Pierre Chaigneau, HEC Montreal
Session ID 69: International Price and Trade Fluctuations August 20, 2015 14:15 to 16:15 518A
Session Chair: Wei Dong, Bank of Canada
Session type: contributed
1. The Role of Two Frictions in Geographic Price Dispersion: When Market Friction Meets Nominal Rigidity
By Chi-Young Choi; University of Texas Arlington Horag Choi; Monash University
presented by: Chi-Young Choi, University of Texas Arlington
2. International Correlations and the Composition of Trade
By Hakon Tretvoll; BI Norwegian Business School
presented by: Hakon Tretvoll, BI Norwegian Business School
3. Financial Shocks, Customer Capital and the Trade Collapse of 2008-09
By Alok Johri; McMaster University Terry Yip; McMaster University
presented by: Terry Yip, McMaster University
4. Exchange Rate Pass-through, Currency Invoicing and Market Share
By michael b devereux; university of british columbia Wei Dong; Bank of Canada Ben Tomlin; Bank of Canada
presented by: Wei Dong, Bank of Canada
Session ID 336: Developments in Nonparametric and Semiparametric Methods August 20, 2015 14:15 to 16:15 448
Session Chair: Michal Kolesár, Princeton University
Session type: contributed
1. Nonparametric Estimation and Inference Under Shape Restrictions
By Joel Horowitz; Northwestern University Sokbae (Simon) Lee; Seoul National University
presented by: Sokbae (Simon) Lee, Seoul National University
2. Adaptive Testing on a Regression Function at a Point
By Timothy Armstrong; Yale University
presented by: Timothy Armstrong, Yale University
3. A Simple Adjustment for Bandwidth Snooping
By Timothy Armstrong; Yale University Michal Kolesár; Princeton University
presented by: Michal Kolesár, Princeton University
Session ID 341: Empirical Studies of Markets August 20, 2015 14:15 to 16:15 524A
Session Chair: Henry Schneider, Cornell University
Session type: contributed
1. Migration and Agglomeration Among Motor Vehicle Parts Suppliers
By Brian Adams; California State University East Bay
presented by: Brian Adams, California State University East Bay
2. Learning-by-doing in Solar Photovoltaic Installations
By Bryan Bollinger; Duke University Kenneth Gillingham; Yale School of Forestry & Environmental Studies
presented by: Bryan Bollinger, Duke University
3. Decentralized Learning in a Retail Network
By Kohei Kawaguchi; London School of Economics
presented by: Kohei Kawaguchi, London School of Economics
4. Beautiful Lemons: Adverse Selection in Durable-goods Markets With Sorting
By Henry Schneider; Cornell University
presented by: Henry Schneider, Cornell University
Session ID 87: Treatment Effects August 20, 2015 14:15 to 16:15 520E
Session Chair: Aleksey Tetenov, Collegio Carlo Alberto
Session type: contributed
1. On the Bias of the Fixed Effects Estimator of the (L)ATE in Multi-site Experiments With Endogenous Site Selection
By Eleanor Choi; Hanyang University Hyungsik Roger Moon; University of Southern California Geert Ridder; University of Southern California
presented by: Eleanor Choi, Hanyang University
2. The Changes-in-changes Model With Covariates
By Blaise Melly; Bern University Giulia Santangelo; European Commission - Joint Research Centre
presented by: Blaise Melly, Bern University
3. A Selection Ratio Approach to Measuring Treatment Effects
By David Slichter; University of Rochester
presented by: David Slichter, University of Rochester
4. The Quantile Performance of Statitical Treatment Rules Using Hypothesis Tests to Allocate a Population to Two Treatments
By Charles Manski; Northwestern University Aleksey Tetenov; Collegio Carlo Alberto
presented by: Aleksey Tetenov, Collegio Carlo Alberto
Session ID 91: Panel Data Econometrics August 20, 2015 14:15 to 16:15 520F
Session Chair: Marcia Schafgans, London School of Economics
Session type: contributed
1. Profile Score Adjustments for Incidental Parameter Problems
By Geert Dhaene; KU Leuven Koen Jochmans; SciencesPo Paris
presented by: Geert Dhaene, KU Leuven
2. Nonlinear Panel Models With Interactive Effects
By Mingli Chen; Boston University Ivan Fernandez-Val; Boston University Martin Weidner; University College London
presented by: Martin Weidner, University College London
3. Within-group Estimators for the Fixed Effects Quantile Model With Large N and Large T
By Heng Chen; Bank of Canada
presented by: Heng Chen, Bank of Canada
4. Inference and Testing Breaks in Large Dynamic Panels With Strong Cross Sectional Dependence
By Javier Hidalgo; London School of Economics Marcia Schafgans; London School of Economics
presented by: Marcia Schafgans, London School of Economics
Session ID 96: Matching Markets August 20, 2015 14:15 to 16:15 St-Paul Westin
Session Chair: Naomi Utgoff, University of Maryland
Session type: contributed
1. College Diversity and Investment Incentives
By Thomas Gall; University of Southampton Patrick Legros; Université Libre de Bruxelles Andrew Newman; Boston University, CEPR
presented by: Thomas Gall, University of Southampton
2. Matching With Continuous Bidirectional Investment
By James Fisher; University of Arizona
presented by: James Fisher, University of Arizona
3. Matching With Stochastic Arrival
By Neil Thakral; Harvard University
presented by: Neil Thakral, Harvard University
4. Implementation of Assortative Matching Under Incomplete Information
By Naomi Utgoff; University of Maryland
presented by: Naomi Utgoff, University of Maryland
Session ID 362: Economics of Discrimination and Anti-Discrimination Policy August 20, 2015 14:15 to 16:15 524C
Session Chair: Arnaud Lefranc, Université de Cergy-Pontoise
Session type: contributed
1. Immigration, Assimilation and the Future of Public Education
By Ryuichi Tanaka; National Graduate Institute for Policy Studies (GRIPS) Lidia Farre; Universitat de Barcelona Francesc Ortega; Queens College CUNY
presented by: Ryuichi Tanaka, National Graduate Institute for Policy Studies (GRIPS)
2. Historical Discrimination and Optimal Remediation
By Laurence Kranich; State University New York Albany
presented by: Laurence Kranich, State University New York Albany
3. Discrimination in Organizations
By Wiroy Shin; Pennsylvania State University
presented by: Wiroy Shin, Pennsylvania State University
4. Equalization of Opportunity: Definitions, Implementable Conditions and Application to Early-childhood Policy Evaluation
By Francesco Andreoli; CEPS\INSTEAD Tarjei Havnes; University of Oslo Arnaud Lefranc; Université de Cergy-Pontoise
presented by: Arnaud Lefranc, Université de Cergy-Pontoise
Session ID 366: Auctions, Empirical August 20, 2015 14:15 to 16:15 525A
Session Chair: Yao Luo, University of Toronto
Session type: contributed
1. Bid Rigging in Procurement Auctions: Evidence From an Anti-collusion Investigation in Quebec
By Robert Clark; HEC Montreal
presented by: Robert Clark, HEC Montreal
2. Identification and Estimation of Auctions With Incomplete Contracts: A Structural Analysis of California Highway Construction Projects
By Yonghong An; Texas A&M University Xun Tang; Rice University
presented by: Yonghong An, Texas A&M University
3. Detecting Large-scale Collusion in Procurement Auctions
By Kei Kawai; New York University Jun Nakabayashi; Tohoku University
presented by: Jun Nakabayashi, Tohoku University
4. A Nonparametric Test of Exogenous Participation in First-price Auctions
By Nianqing Liu; Shanghai Unversity of Finance and Economics Yao Luo; University of Toronto
presented by: Yao Luo, University of Toronto
Session ID 375: Redistribution August 20, 2015 14:15 to 16:15 525B
Session Chair: Oliver Denk, Organisation for Economic Co-operation and Development
Session type: contributed
1. Optimal Redistribution With a Shadow Economy
By Paweł Doligalski; European University Institute Luis Rojas; European University Institute
presented by: Paweł Doligalski, European University Institute
2. Robust Correlates of Growth Spells: Do Inequality and Redistribution Matter?
By Andros Kourtellos; University of Cyprus Charalambos Tsangarides; International Monetary Fund
presented by: Charalambos Tsangarides, International Monetary Fund
3. Robust Determinants of Intergenerational Mobility in the Land of Opportunity
By Andros Kourtellos; University of Cyprus Christa Marr; Fitchburg State University Chih Ming Tan; University of North Dakota
presented by: Christa Marr, Fitchburg State University
4. Financial Sector Pay and Labour Income Inequality: Evidence From Europe
By Oliver Denk; Organisation for Economic Co-operation and Development
presented by: Oliver Denk, Organisation for Economic Co-operation and Development
Session ID 120: Mechanism Design and Dynamic Programming August 20, 2015 14:15 to 16:15 Ramezay Westin
Session Chair: Andy McLennan, University of Queensland
Session type: contributed
1. A Characterization of Single-peaked Preferences Via Random Social Choice Functions
By Shurojit Chatterji; Singapore Management University Arunava Sen; Indian Statistical Institute Huaxia Zeng; Singapore Management University
presented by: Arunava Sen, Indian Statistical Institute
2. Strategy-proof Assignment of Multiple Resources
By Albin Erlanson; University of Bonn Karol Szwagrzak; University of Southern Denmark
presented by: Albin Erlanson, University of Bonn
3. Dynamic Allocation of Objects to Queuing Agents
By Francis Bloch David Cantala; El Colegio de México
presented by: David Cantala, El Colegio de México
4. Smooth Value and Policy Functions for Discounted Dynamic Programming
By Andy McLennan; University of Queensland
presented by: Andy McLennan, University of Queensland
Session ID 125: Electoral Competition and Policy Outcomes August 20, 2015 14:15 to 16:15 Viger Westin
Session Chair: Jo Thori Lind, University of Oslo
Session type: contributed
1. Does Regression Discontinuity Design Work? Evidence From Random Election Outcomes
By Ari Hyytinen; University of Jyväskylä Jaakko Meriläinen; Stockholm University Tuukka Saarimaa; Government Institute for Economic Research VATT Otto Toivanen; KU Leuven Janne Tukiainen; Government Institute for Economic Research VATT
presented by: Janne Tukiainen, VATT Institute for Economic Research
2. Local Funds and Political Competition: Evidence From the National Rural Employment Guarantee Scheme in India
By Bhanu Gupta; University of Michigan Abhiroop Mukhopadhyay; Indian Statistical Institute Delhi
presented by: Abhiroop Mukhopadhyay, Indian Statistical Institute Delhi
3. Bureaucrats and Politicians: How Does Electoral Competition Affect Bureaucratic Performance?
By Anusha Nath; Boston University
presented by: Anusha Nath, Boston University
4. Rainy Day Politics. An Instrumental Variables Approach to the Effect of Parties on Political Outcomes
By Jo Thori Lind; University of Oslo
presented by: Jo Thori Lind, University of Oslo
Session ID 393: Stock Models Beyond Diffusions August 20, 2015 14:15 to 16:15 519B
Session Chair: Wenying Yao, University of Tasmania
Session type: contributed
1. Extreme Events in Stock Market Fundamental Factors
By Natalia Sizova; Rice University James Gualtieri; Ernst&Young, LLC
presented by: Natalia Sizova, Rice University
2. What Makes the S&P 500 Jump?
By Marcel Prokopczuk; Leibniz University Hannover Chardin Wese Simen; University of Liverpool
presented by: Chardin Wese Simen, University of Liverpool
3. EXcess Idle Time
By Federico Bandi; Johns Hopkins University Davide Pirino; Scuola Normale Superiore Roberto Reno; University of Siena
presented by: Davide Pirino, Scuola Normale Superiore
4. The Role of Intra-day Volatility Pattern in Jump Detection
By Wenying Yao; University of Tasmania Jing Tian; University of Tasmania
presented by: Wenying Yao, University of Tasmania
Session ID 140: Theoretical Advances in Characterizing Heterogeneous-Agent Models August 20, 2015 14:15 to 16:15 518B
Session Chair: Jaime Londoño, Universidad Nacional de Colombia Bogotá
Session type: contributed
1. Recursive Equilibria in Dynamic Economies With Stochastic Production
By Johannes Brumm; University of Zurich Dominika Kryczka; University of Zurich and SFI Felix Kubler; University of Zurich and Swiss Finance Institute
presented by: Johannes Brumm, University of Zurich
2. Approximate Aggregation in the Neoclassical Growth Model With Idiosyncratic Shocks
By Todd Walker; Indiana University
presented by: Todd Walker, Indiana University
3. Welfare and Optimal Trading Frequency in Dynamic Double Auctions
By Songzi Du; Simon Fraser University Haoxiang Zhu; MIT
presented by: Songzi Du, Simon Fraser University
4. Inter-temporal Equilibrium With State Dependent Utilities and Heterogenous Agents
By Jaime Londoño; Universidad Nacional de Colombia Bogotá
presented by: Jaime Londoño, Universidad Nacional de Colombia Bogotá
Session ID 400: Bond Markets and the Macroeconomy II August 20, 2015 14:15 to 16:15 520A
Session Chair: Alex Hsu, Georgia Tech
Session type: contributed
1. Resolving the Spanning Puzzle in Macro-finance Term Structure Models
By Michael Bauer; Federal Reserve Bank of San Francisco Glenn Rudebusch; Federal Reserve Bank of San Francisco
presented by: Glenn Rudebusch, Federal Reserve Bank of San Francisco
2. Real Uncertainty and the Zero Lower Bound
By Guillaume Roussellet; Banque de France, CREST and CEREMADE
presented by: Guillaume Roussellet, Banque de France, CREST and CEREMADE
3. Real and Nominal Equilibrium Yield Curves With Endogenous Inflation: A Quantitative Assessment
By Alex Hsu; Georgia Tech Erica X.N. Li; zCheung Kong Graduate School of Business Francisco Palomino; University of Michigan
presented by: Alex Hsu, Georgia Tech
Session ID 148: Mechanism Design August 20, 2015 14:15 to 16:15 Palais Westin
Session Chair: Nozomu Muto, Yokohama National University
Session type: contributed
1. Single-good Auctions With Externality
By Jing Chen; Stony Brook University Silvio Micali; MIT
presented by: Jing Chen, Stony Brook University
2. The Generalized Random Priority Mechanism With Budgets
By Tadashi Hashimoto; Yeshiva University
presented by: Tadashi Hashimoto, Yeshiva University
3. Revenue-capped Efficient Auctions
By Nozomu Muto; Yokohama National University Yasuhiro Shirata; Otaru University of Commerce Takuro Yamashita; Toulouse School of Economics
presented by: Nozomu Muto, Yokohama National University
Session ID 406: Stock Trading and Price Impact August 20, 2015 14:15 to 16:15 520B
Session Chair: Oleg Bondarenko, University of Illinois Chicago
Session type: contributed
1. Asset Fire Sales in Equity Markets: Evidence
By Borja Larrain; Pontificia Universidad Catolica de Chile Daniel Munoz; Pontificia Universidad Catolica de Chile Jose Tessada; Pontificia Universidad Católica de Chile
presented by: Jose Tessada, Pontificia Universidad Católica de Chile
2. The Cost of Political Tension: An Anatomy
By Yinghua He; Toulouse School of Economics Ulf Nielsson; Copenhagen Business School Yonglei Wang; Toulouse School of Economics
presented by: Yonglei Wang, Toulouse School of Economics
3. Strategic Trading Without Normality
By Sergei Glebkin; London School of Economics and Political Science
presented by: Sergei Glebkin, London School of Economics and Political Science
4. High-frequency Trading Invariants for Equity-index Futures
By Torben Andersen; Northwestern University Kellogg School of Management Oleg Bondarenko; University of Illinois Chicago Albert Kyle; University of Maryland Anna Obizhaeva; New Economic School
presented by: Oleg Bondarenko, University of Illinois Chicago
Session ID 151: Rent Seeking August 20, 2015 14:15 to 16:15 Beaver Hall Westin
Session Chair: Christopher Cotton, Queen's University
Session type: contributed
1. Rent-seeking Contests With Multi-dimensional Heterogeneity
By Qian Jiao; Sun Yat-sen University Lingnan College Jie Zheng; Tsinghua University
presented by: Qian Jiao, Sun Yat-sen University Lingnan College
2. Head Starts and Doomed Losers: Contest Via Search
By Bo Chen; University of Bonn Xiandeng Jiang; Northern Illinois University Dmitriy Knyazev; Bonn University
presented by: Bo Chen, University of Bonn
3. Informational Lobbying and Agenda Distortion
By Christopher Cotton; Queen's University Arnaud Dellis; Universite Laval
presented by: Christopher Cotton, Queen's University
Session ID 410: Risk and Contagion in Networks August 20, 2015 14:15 to 16:15 Ville-Marie A Westin
Session Chair: Daniele Bianchi, University of Warwick
Session type: contributed
1. Network Formation and Systemic Risk
By Selman Erol; University of Pennsylvania Rakesh Vohra; University of Pennsylvania
presented by: Selman Erol, University of Pennsylvania
2. Risk Sharing and Contagion in Networks
By Antonio Cabrales; University College London Piero Gottardi; European University Institute Fernando Vega-Redondo; Bocconi University
presented by: Piero Gottardi, European University Institute
3. A Simple Model of Cascades in Networks
By Yongwhan Lim; Massachusetts Institute of Technology Asu Ozdaglar; Massachusetts Institute of Technology Alexander Teytelboym; University of Oxford
presented by: Alexander Teytelboym, University of Oxford
4. Modeling Contagion and Systemic Risk
By Daniele Bianchi; University of Warwick Monica Billio; Università di Venezia Roberto Casarin; University Ca' Foscari of Venice Massimo Guidolin; Bocconi University
presented by: Daniele Bianchi, University of Warwick
Session ID 412: Network Formation August 20, 2015 14:15 to 16:15 Ville-Marie B Westin
Session Chair: Anton Badev, Federal Reserve Board
Session type: contributed
1. Time Allocation in Friendship Networks
By Leonie Baumann; University of Hamburg
presented by: Leonie Baumann, University of Hamburg
2. Equilibria and Centrality in Link Formation Games
By Hannu Salonen; University of Turku
presented by: Hannu Salonen, University of Turku
3. Network Formation With Local Complements and Global Substitutes: The Case of R&D Networks
By Chih-Sheng Hsieh; Department of Economics, Chinese University of Hong Kong, CUHK Shatin, Hong Kong, China Michael D. Koenig; University of Zurich Xiaodong Liu; University of Colorado Boulder
presented by: Michael D. Koenig, University of Zurich
4. Discrete Games in Endogenous Networks: Theory and Policy
By Anton Badev; Federal Reserve Board
presented by: Anton Badev, Federal Reserve Board
Session ID 163: Sorting in Labor Markets August 20, 2015 14:15 to 16:15 521A
Session Chair: Stephane Bonhomme, University of Chicago
Session type: contributed
1. The Causal Effect of Parental Human Capital on Children's Human Capital
By Sang Yoon (Tim) Lee; University of Mannheim Nicolas Roys; University of Wisconsin Madison Ananth Seshadri; University of Wisconsin
presented by: Sang Yoon (Tim) Lee, University of Mannheim
2. Population Aging, Migration Spillovers, and the Decline in Interstate Migration
By Fatih Karahan; Federal Reserve Bank of New York Serena Rhee; University of Hawaii Manoa
presented by: Serena Rhee, University of Hawaii Manoa
3. Allocation of Female Talent and Cross-country Productivity Differences
By Munseob Lee; University of Chicago
presented by: Munseob Lee, University of Chicago
4. A Distributional Framework for Matched Employer Employee Data
By Stephane Bonhomme; University of Chicago Thibaut Lamadon; University of Chicago Elena Manresa; Massachusetts Institute of Technologhy Sloan School of Management
presented by: Stephane Bonhomme, University of Chicago
Session ID 171: Partially Identified Models August 20, 2015 14:15 to 16:15 521B
Session Chair: Federico Bugni, Duke University
Session type: contributed
1. Identification and Shape Restrictions in Nonprametric Instrumental Variables Estimation
By Joachim Freyberger; University of Wisconsin Madison Joel Horowitz; Northwestern University
presented by: Joel Horowitz, Northwestern University
2. Inference for VARs Identified With Sign Restrictions
By Hyungsik Roger Moon; University of Southern California Frank Schorfheide; University of Pennsylvania Eleonora Granziera; Bank of Canada
presented by: Eleonora Granziera, Bank of Canada
3. Partial Identification of Distributional Parameters in Triangular Systems
By Ju Hyun Kim; University of North Carolina Chapel Hill
presented by: Ju Hyun Kim, University of North Carolina Chapel Hill
4. Inference for Functions of Partially Identified Parameters in Moment Inequality Models
By Federico Bugni; Duke University Ivan Canay; Northwestern University Xiaoxia Shi; University of Wisconsin at Madison
presented by: Federico Bugni, Duke University
Session ID 427: Credit Markets and the Macroeconomy August 20, 2015 14:15 to 16:15 520C
Session Chair: Christoph Ungerer, Federal Reserve Board
Session type: contributed
1. The Calm Before the Storm: Time Varying Volatility and the Origins of Financial Crises
By Omar Rachedi; Universidad Carlos III de Madrid
presented by: Omar Rachedi, Universidad Carlos III de Madrid
2. External Shocks, Banks and Monetary Policy in an Open Economy
By Enes Sunel; Central Bank of the Republic of Turkey Yasin Mimir; Central Bank of the Republic of Turkey
presented by: Enes Sunel, Central Bank of the Republic of Turkey
3. Structural Reforms in a Debt Overhang
By Javier Andres; University of Valencia Oscar Arce; Bank of Spain Carlos Thomas; Banco de España
presented by: Oscar Arce, Bank of Spain
4. Monetary Policy, Hot Housing Markets and Leverage
By Christoph Ungerer; Federal Reserve Board
presented by: Christoph Ungerer, Federal Reserve Board
Session ID 446: Information August 20, 2015 14:15 to 16:15 St-Antoine A Westin
Session Chair: Alessia Testa, University of Portsmouth
Session type: contributed
1. Double Auction Markets With Interdependent Values: An Asymptotic Equivalence Approach / Primary Dealers, Indirect Bidders and Direct Bidding: A Structural Model of US Treasury Auctions
By Eiichiro Kazumori; State University New York
presented by: Eiichiro Kazumori, State University New York
2. Competition and Learning in Real Options
By Leandro Gorno; FGV/EPGE - Escola Brasilera de Economia Felipe Iachan; Escola Brasileira De Economia E Finanças
presented by: Leandro Gorno, FGV/EPGE - Escola Brasilera de Economia
3. Strategic Trading in Informationally Complex Environments
By Nicolas Lambert; Stanford University Michael Ostrovsky; Stanford University Mikhail Panov; Stanford University
presented by: Mikhail Panov, Stanford University
4. A Signalling Model of the Closed-end Fund Discount Puzzle
By Alessia Testa; University of Portsmouth
presented by: Alessia Testa, University of Portsmouth
Session ID 200: High Dimensional Econometrics August 20, 2015 14:15 to 16:15 521C
Session Chair: Jing Tao, University of Wisconsin Madison
Session type: contributed
1. Nonparametric Instrumental Variable Estimation Under Monotonicity
By Denis Chetverikov; University of California Los Angeles Daniel Wilhelm; University College London
presented by: Daniel Wilhelm, University College London
2. High-dimensional Random Coefficient Models With an Application to Consumer Demand
By Stefan Hoderlein; Boston College Martin Spindler; Massachusetts Institute of Technology
presented by: Martin Spindler, Massachusetts Institute of Technology
3. Inference for Point and Partially Identified Semi-nonparametric Conditional Moment Models
By Jing Tao; University of Wisconsin Madison
presented by: Jing Tao, University of Wisconsin Madison
Session ID 462: Advances in Models of Discrete Choice August 20, 2015 14:15 to 16:15 523A
Session Chair: Mehmet Soytas, Ozyegin University
Session type: contributed
1. A Multivariate Model for Multinomial Choices
By Koen Bel; Erasmus University Rotterdam Richard Paap; Erasmus University Rotterdam
presented by: Koen Bel, Erasmus University Rotterdam
2. A Parsimonious Multinomial Probit Model for the Study of Joint Decisions
By Rémi Piatek; University of Copenhagen Miriam Gensowski; University of Copenhagen
presented by: Rémi Piatek, University of Copenhagen
3. Modeling Status Quo Decisions: A Cross-nested Ordered Probit Model
By Andrei Sirchenko; Higher School of Economics
presented by: Andrei Sirchenko, Higher School of Economics
4. Estimation of Dynastic Lifecycle Discrete Choice Models
By George-Levi Gayle; Washington Unversity in St. Louis Limor Golan; washington at st louis Mehmet Soytas; Ozyegin University
presented by: Mehmet Soytas, Ozyegin University
Session ID 473: Economic History August 20, 2015 14:15 to 16:15 St-Antoine B Westin
Session Chair: Vincent Bignon, Bank of France
Session type: contributed
1. Information Transmission and Rational Inattention
By Antonella Tutino; Federal Reserve Bank of Dallas Maxim Raginsky; University of Illinois at Urbana-Champaign
presented by: Antonella Tutino, Federal Reserve Bank of Dallas
2. Climate-driven Technical Change: Seasonality and the Invention of Agriculture
By Andrea Matranga; New Economic School
presented by: Andrea Matranga, New Economic School
3. People and Machines: A Look at the Evolving Relationship Between Capital and Skill in Manufacturing 1850-1940 Using Immigration Shocks
By Jeanne Lafortune; Pontificia Universidad Catolica de Chile Ethan Lewis; Dartmouth College Jose Tessada; Pontificia Universidad Católica de Chile
presented by: Jeanne Lafortune, Pontificia Universidad Catolica de Chile
4. Protectionism and the Education-fertility Trade-off in Late 19th Century France
By Vincent Bignon; Bank of France
presented by: Vincent Bignon, Bank of France
Session ID 233: Networks August 20, 2015 14:15 to 16:15 447
Session Chair: Bansi Malde, Institute for Fiscal Studies
Session type: contributed
1. Mutual Insurance Networks and Unequal Resource Sharing in Communities
By Billand Pascal; Creuset
presented by: Billand Pascal, Creuset
2. Network Financial Centrality and the Price of Personalized Debt
By Arun Chandrasekhar; Stanford Robert Townsend; MIT Juan Pablo Xandri; Princeton University
presented by: Juan Pablo Xandri, Princeton University
3. Network Structure and Risk Sharing in Extended Family Networks
By Bansi Malde; Institute for Fiscal Studies
presented by: Bansi Malde, Institute for Fiscal Studies
Session ID 236: Designing Institutions and Markets: An Experimental Approach August 20, 2015 14:15 to 16:15 Ste-Helene Westin
Session Chair: Muriel Niederle, Stanford University
Session type: contributed
1. Improving Welfare in Assignment Problems: An Experimental Investigation
By Daniel Fragiadakis; Texas A&M University Peter Troyan; University of Virginia
presented by: Daniel Fragiadakis, Texas A&M University
2. Waiting to Give
By Ashley Craig; Harvard University Ellen Garbarino; University of Sydney Stephanie Heger; Washington University St. Louis Robert Slonim; University of Sydney
presented by: Stephanie Heger, Washington University St. Louis
3. Endogenous Leverage and Asset Pricing in Double Auctions
By MARTIN SUMMER; Oesterreichische Nationalbank
presented by: Martin Summer, Oesterreichische Nationalbank
4. Pre Analysis Plans Help (Only) When Replications are Infeasible
By Lucas Coffman; Ohio State University Muriel Niederle; Stanford University
presented by: Muriel Niederle, Stanford University
Session ID 353: Extending Empirical Trade Models August 20, 2015 14:15 to 16:15 524B
Session Chair: Stella Capuano, IAB Institute for Employment Research
Session type: contributed
1. Innovation, Product-cycle Trade and the Cross-country Distribution of Income
By Scott French; University of New South Wales
presented by: Scott French, University of New South Wales
2. Competition and Pass-through on International Markets: Firm-level Evidence From VAT Shocks
By Philippe Andrade; Banque de France Agnes Benassy-Quere; Paris School of Economics, Paris 1 Martine Carre; University of Paris Dauphine
presented by: Martine Carre, University of Paris Dauphine
3. The Structure of Export Entry Costs
By Andrew McCallum; Federal Reserve Board
presented by: Andrew McCallum, Federal Reserve Board
4. Offshoring and Firm Overlap
By Stella Capuano; IAB Institute for Employment Research Hartmut Egger; University of Bayreuth Michael Koch; University of Bayreuth Hans-Jörg Schmerer; Institute for Employment Research
presented by: Stella Capuano, IAB Institute for Employment Research
Session ID 258: Labor Supply and Retirement August 21, 2015 11:15 to 12:45 519A
Session Chair: Cormac O'Dea, Institute for Fiscal Studies
Session type: contributed
1. Life Cycle Responses to Health Insurance Status
By Florian Pelgrin; EDHEC Business School Pascal St-Amour; University of Lausanne
presented by: Pascal St-Amour, University of Lausanne
2. Accounting for the Rise of Health Spending and Longevity
By Pierre-Carl Michaud; L'Université du Québec à Montréal
presented by: Pierre-Carl Michaud, L'Université du Québec à Montréal
3. Public Pension Design in a Changing World
By Cormac O'Dea; Institute for Fiscal Studies
presented by: Cormac O'Dea, Institute for Fiscal Studies
Session ID 261: Structural Labor Models in Labor August 21, 2015 11:15 to 12:45 519B
Session Chair: Fedor Iskhakov, University of New South Wales
Session type: contributed
1. Industry Dynamics and the Minimum Wage: A Putty-clay Approach
By Daniel Aaronson; Federal Reserve Bank of Chicago Eric French; University College London Isaac Sorkin; University of Michigan
presented by: Isaac Sorkin, University of Michigan
2. Insurance-induced Moral Hazard: A Dynamic Model of Within-year Medical Care Decision Making Under Uncertainty
By Christopher Cronin; University of Notre Dame
presented by: Christopher Cronin, University of Notre Dame
3. Estimating Discrete-continuous Choice Models: The Endogenous Grid Method with Taste Shocks
By Fedor Iskhakov; University of New South Wales Thomas jorgensen; University of Copenhagen John Rust; Georgetown University Bertel Schjerning; University of Copenhagen
presented by: Fedor Iskhakov, University of New South Wales
Session ID 17: Games with "Behavioral" Players August 21, 2015 11:15 to 12:45 522C
Session Chair: Volker Böhm, Universität Bielefeld
Session type: contributed
1. Choice and Games With Switching Costs
By Begum Guney; Ozyegin University Michael Richter; Yeshiva University
presented by: Begum Guney, Ozyegin University
2. The Structure of Negotiations: Incomplete Agreements and the Focusing Effect
By Andrea Canidio; Central European University, Heiko Karle; ETH Zurich
presented by: Heiko Karle, ETH Zürich
3. The El Farol Problem Revisited
By Volker Böhm; Universität Bielefeld
presented by: Volker Böhm, Universität Bielefeld
Session ID 276: Behavioral Decision Theory August 21, 2015 11:15 to 12:45 524C
Session Chair: Silvia Sonderegger, Notthingham
Session type: contributed
1. Is Ignorance Bliss? Rational Inattention and Optimal Pricing
By Anne-Katrin Roesler; University of Bonn
presented by: Anne-Katrin Roesler, University of Bonn
2. A Theory of Decision-making Under Risk as a Tradeoff Between Expected Utility, Expected Utility Deviation and Expected Utility Skewness
By Pavlo Blavatskyy; Murdoch University School of Management and Governance
presented by: Pavlo Blavatskyy, Murdoch University School of Management and Governance
3. Optimal Similarity Judgements in Intertemporal Choice
By Fabrizio Adriani; University of Leicester Silvia Sonderegger; Notthingham
presented by: Silvia Sonderegger, Notthingham
Session ID 22: Topics in Empirical Macroeconomics August 21, 2015 11:15 to 12:45 Le Moyne Westin
Session Chair: Ana Gómez-Loscos, Banco de España
Session type: contributed
1. Interest Rate Uncertainty and Economic Fluctuations
By Drew Creal; University of Chicago Jing Cynthia Wu; University of Chicago
presented by: Jing Cynthia Wu, University of Chicago
2. A General Approach to Recovering Market Expectations From Futures Prices With an Application to Crude Oil
By Lutz Kilian; University of Michigan Christiane Baumeister; University of Notre Dame
presented by: Lutz Kilian, University of Michigan
3. The Great Moderation in Historical Perspective: Is it that Great?
By Ana Gómez-Loscos; Banco de España Lola Gadea; University of Zaragoza Gabriel Perez Quiros; Bank of Spain
presented by: Ana Gómez-Loscos, Banco de España
Session ID 280: Dynamic I.O. Theory August 21, 2015 11:15 to 12:45 521C
Session Chair: Terence Johnson, University of Notre Dame
Session type: contributed
1. Is Dynamic Competition Socially Beneficial? The Case of Price as Investment
By David Besanko; Northwestern University Ulrich Doraszelski; University of Pennsylvania Yaroslav Kryukov; Carnegie-Mellon University
presented by: Ulrich Doraszelski, University of Pennsylvania
2. Dynamic Bidding in Second Price Auction
By Hugo A. Hopenhayn; University of California Los Angeles Maryam Saeedi; Ohio State University
presented by: Maryam Saeedi, Ohio State University
3. Dynamic Network Formation: Theory and Estimation
By Terence Johnson; University of Notre Dame
presented by: Terence Johnson, University of Notre Dame
Session ID 290: Expectations and Learning: Implications August 21, 2015 11:15 to 12:45 Viger Westin
Session Chair: Ryan Chahrour, Boston College; Toulouse School of Economics
Session type: contributed
1. Monetary and Fiscal Policy Design at the Zero Lower Bound: Evidence From the Lab
By Cars Hommes; University of Amsterdam Domenico Massaro; University of Amsterdam Isabelle Salle; CeNDEF, Amsterdam School of Economics
presented by: Cars Hommes, University of Amsterdam
2. The Role of Learning for Asset Prices, Business Cycles and Monetary Policy
By Fabian Winkler; London School of Economics
presented by: Fabian Winkler, London School of Economics
3. On the Nature and Stability of Sentiments
By Ryan Chahrour; Boston College; Toulouse School of Economics Gaetano Gaballo; Banque de France
presented by: Ryan Chahrour, Boston College; Toulouse School of Economics
Session ID 292: Estimation of Games August 21, 2015 11:15 to 12:45 520A
Session Chair: Brendan Kline, University of Texas
Session type: contributed
1. Strategic Network Formation With Many Agents
By Konrad Menzel; New York University
presented by: Konrad Menzel, New York University
2. Identification of Preferences in Network Formation Games
By Aureo de Paula; University College London Seth Richards-Shubik; Carnegie Mellon University Elie Tamer; Harvard University
presented by: Seth Richards-Shubik, Carnegie Mellon University
3. An Empirical Model of Non-equilibrium Behavior in Games
By Brendan Kline; University of Texas
presented by: Brendan Kline, University of Texas
Session ID 40: Asymmetric Information in Asset Markets August 21, 2015 11:15 to 12:45 St-Paul Westin
Session Chair: Basil Williams, Duke University
Session type: contributed
1. On Positive Value of Information in Risk Sharing
By Piotr Denderski; VU University Amsterdam Christian A. Stoltenberg; University of Amsterdam
presented by: Piotr Denderski, VU University Amsterdam
2. Search, Liquidity, and Retention: Signaling Multidimensional Private Information
By Basil Williams; Duke University
presented by: Basil Williams, Duke University
3. Investment Waves Under Cross Learning
By Shiyang Huang; London School of Economics Yao Zeng; Harvard University
presented by: Yao Zeng, Harvard University
Session ID 312: Dynamic Models of Banks and Financial Intermediation August 21, 2015 11:15 to 12:45 Palais Westin
Session Chair: Michael Kumhof, Bank of England
Session type: contributed
1. A Dynamic Model of Banking With Uninsurable Risks and Regulatory Constraints
By Jochen Mankart; Deutsche Bundesbank Alex Michaelides; Imperial College Business School Spyros Pagratis; Athens University of Economics and Business
presented by: Jochen Mankart, Deutsche Bundesbank
2. Payments, Credit and Asset Prices
By Monika Piazzesi; Stanford University Martin Schneider; Stanford University
presented by: Martin Schneider, Stanford University
3. Banks Are Not Intermediaries of Loanable Funds, and Why This Matters
By Zoltan Jakab; International Monetary Fund Michael Kumhof; International Monetary Fund
presented by: Michael Kumhof, Bank of England
Session ID 319: Adverse Selection in Financial Markets August 21, 2015 11:15 to 12:45 Beaver Hall Westin
Session Chair: Martin Kuncl, Bank of Canada
Session type: contributed
1. Livin' On the Edge With Ratings: Liquidity, Efficiency and Stability
By Thorsten Koeppl; Queen's University
presented by: Thorsten Koeppl, Queen's University
2. A Simple Dynamic Theory of Credit Scores Under Adverse Selection
By Dean Corbae; University of Wisconsin Andrew Glover; University of Texas Austin
presented by: Andrew Glover, University of Texas Austin
3. Adverse Selection in Resale Markets for Securitized Assets
By Martin Kuncl; Bank of Canada
presented by: Martin Kuncl, Bank of Canada
Session ID 74: Dynamic Information Transmission August 21, 2015 11:15 to 12:45 523A
Session Chair: Nicolas Lambert, Stanford University
Session type: contributed
1. Repeated Cheap-talk
By Chiara Margaria; Yale University Alex Smolin; Yale University
presented by: Alex Smolin, Yale University
2. On Two-period Committee Voting: Why Straw Polls Should Have Consequences.
By Tim Frommeyer; Bonn University
presented by: Tim Frommeyer, Bonn University
3. Dynamically Eliciting Unobservable Information
By Christopher Chambers; University of California San Diego Nicolas Lambert; Stanford University
presented by: Nicolas Lambert, Stanford University
Session ID 76: Market Behavior August 21, 2015 11:15 to 12:45 523B
Session Chair: Jan Schmitz, University of Lausanne
Session type: contributed
1. What Makes a Price Fair? An Experimental Study of Market Experience and Endogenous Fairness Norms
By Holger Herz; University of Zurich Dmitry Taubinsky; Harvard University
presented by: Holger Herz, University of Zurich
2. Learning From Unrealized Versus Realized Prices
By Kathleen Ngangoué; German Institute for Economic Research Berlin Georg Weizsacker; Humboldt University Berlin
presented by: Kathleen Ngangoué, German Institute for Economic Research Berlin
3. Social Norms and Strategic Default
By Martin Brown; University of St.Gallen Jan Schmitz; University of Lausanne Christian Zehnder; University of Lausanne
presented by: Jan Schmitz, University of Lausanne
Session ID 88: Quantile Methods August 21, 2015 11:15 to 12:45 517B
Session Chair: Sebastian Calonico, University of Miami
Session type: contributed
1. Smoothed Quantile Regression for Panel Data
By Kengo Kato; University of Tokyo Antonio Galvao; University of Iowa
presented by: Antonio Galvao, University of Iowa
2. Extremal Quantile Treatment Effect
By Yichong Zhang; Duke University
presented by: Yichong Zhang, Duke University
3. Evaluating the Effects of Lengths of Participation in the Workforce Investment Act Adult Program Via Decomposition Analysis
By Wallice Ao; Institute for Defense Analyses Sebastian Calonico; University of Miami Ying-Ying Lee; University of Oxford
presented by: Sebastian Calonico, University of Miami
Session ID 344: IO Theory I August 21, 2015 11:15 to 12:45 520D
Session Chair: Nick Huberts, Tilburg University
Session type: contributed
1. A Reputational Theory of Firm Dynamics
By Simon Board; University of California - Los Angeles Moritz Meyer-ter-Vehn; University of California Los Angeles
presented by: Moritz Meyer-ter-Vehn, University of California Los Angeles
2. Naked Exclusion With Private Offers
By Jeanine Miklos-Thal; University of Rochester Greg Shaffer; University of Rochester
presented by: Jeanine Miklos-Thal, U Rochester
3. Entry Deterrence by Timing Rather Than Overinvestment in a Strategic Real Options Framework
By Nick Huberts; Tilburg University Herbert Dawid; University of Bielefeld Kuno Huisman; Tilburg University Peter Kort; Tilburg University
presented by: Nick Huberts, Tilburg University
Session ID 90: Inference with Weak Identification August 21, 2015 11:15 to 12:45 517C
Session Chair: Donald Andrews, Yale University
Session type: contributed
1. Conditional Inference With a Functional Nuisance Parameter
By Isaiah Andrews; Harvard Society of Fellows Anna Mikusheva; Massachusetts Institute of Technology
presented by: Anna Mikusheva, Massachusetts Institute of Technology
2. Subvector Inference in Local Regression
By Ke-Li Xu; Texas A&M University
presented by: Ke-Li Xu, Texas A&M University
3. Identification and Singularity: Robust Inference for Moment Condition Models
By Donald Andrews; Yale University Patrik Guggenberger; Pennsylvania State University
presented by: Donald Andrews, Yale University
Session ID 357: Firm Heterogeneity and Trade August 21, 2015 11:15 to 12:45 520E
Session Chair: Svetlana Demidova, McMaster University
Session type: contributed
1. The Agency Problem, Trade Liberalization and Within-firm Productivity Gains: Theory and Evidence
By Cheng Chen; University of Hong Kong
presented by: Cheng Chen, University of Hong Kong
2. Sell Deep? Sell Wide? Or Both?: Perceived Quality and Product Scope of Chinese Exporters of Electrical Products
By Luhang Wang; Xiamen University China
presented by: Luhang Wang, Xiamen University China
3. Trade Policies, Firm Heterogeneity and Variable Markups
By Svetlana Demidova; McMaster University
presented by: Svetlana Demidova, McMaster University
Session ID 102: Theoretical Issues in Nonparametric Instrumental Variable Estimation August 21, 2015 11:15 to 12:45 518A
Session Chair: Chu-An Liu, Academia Sinica
Session type: contributed
1. Is There an Optimal Weighting for Infinite Dimensional GMM?
By Jean-Pierre FLORENS; Toulouse School of Economics Senay Sokullu; University of Bristol
presented by: Senay Sokullu, University of Bristol
2. Nonparametric Additive Instrumental Variable Estimator: A Group Shrinkage Estimation Perspective
By Michael Fan; Xiamen University
presented by: Michael Fan, Xiamen University
3. Model Selection and Model Averaging in Nonparametric Instrumental Variables Models
By Chu-An Liu; Academia Sinica Jing Tao; University of Wisconsin Madison
presented by: Chu-An Liu, Academia Sinica
Session ID 105: Mechanism Design and Implementation August 21, 2015 11:15 to 12:45 524A
Session Chair: Scott Kominers, Harvard University
Session type: contributed
1. On the Design of Criminal Trials: The Benefits of Three-verdict Systems
By Ron Siegel; Northwestern University Bruno Strulovici; Northwestern University
presented by: Ron Siegel, Northwestern University
2. On Strategy-proofness and the Salience of Single-peakedness
By Shurojit Chatterji; Singapore Management University Jordi Massó; Universitat Autònoma de Barcelona
presented by: Jordi Massó, Universitat Autònoma de Barcelona
3. Strategy-proofness, Investment Efficiency, and Marginal Returns: An Equivalence
By John Hatfield; University of Texas at Austin Fuhito Kojima; Stanford University Scott Kominers; Harvard University
presented by: Scott Kominers, Harvard University
Session ID 363: Energy, Productivity, and Production. August 21, 2015 11:15 to 12:45 520F
Session Chair: Miguel Morin, University of Cambridge
Session type: contributed
1. Consumer Valuation of Fuel Costs and the Effectiveness of Tax Policy: Evidence From the European Car Market
By Laura Grigolon; McMaster University
presented by: Laura Grigolon, McMaster University
2. How Do Electricity Shortages Affect Industry?: Evidence From India
By Hunt Allcott; NYU Allan Collard-Wexler; Duke University Stephen O'Connell; The Graduate Center, CUNY
presented by: Allan Collard-Wexler, Duke University
3. The Labor Market Consequences of Electricity Adoption: Concrete Evidence From the Great Depression
By Miguel Morin; University of Cambridge
presented by: Miguel Morin, University of Cambridge
Session ID 367: Structural Studies of Markets August 21, 2015 11:15 to 12:45 521B
Session Chair: Michael Dickstein, Stanford University
Session type: contributed
1. Search Frictions and Market Power in Negotiated Price Markets
By Jean Francois Houde; University of Pennsylvania
presented by: Jean Francois Houde, University of Pennsylvania
2. Competition, Product Proliferation and Welfare: A Study of the U.S. Smartphone Market
By Ying Fan; University of Michigan Chenyu Yang; University of Michigan, Ann Arbor
presented by: Ying Fan, University of Michigan
3. What Do Exporters Know?
By Michael Dickstein; Stanford University Eduardo Morales; Princeton University
presented by: Michael Dickstein, Stanford University
Session ID 381: Politics in Economic Development August 21, 2015 11:15 to 12:45 521C
Session Chair: Craig Brown, National University of Singapore
Session type: contributed
1. Ethnic Favoritism: An Axiom of Politics?
By Giacomo De Luca; University of York Roland Hodler; University of St.Gallen Paul Raschky; Monash University Michele Valsecchi; University of Gothenburg
presented by: Roland Hodler, University of St.Gallen
2. An Empirical Investigation of the Legacies of Non-Democratic Regimes: The Case of Soeharto's Mayors in Indonesia
By Monica Martinez-Bravo; Centro De Estudios Monetarios Y Financieros Priya Mukherjee; Cornell University
presented by: Monica Martinez-Bravo, CEMFI
3. Economist Leadership and Economic Growth: Investment, Trade, Policies and Finance
By Craig Brown; National University of Singapore Randall Morck; Alberta School of Business Bernard Yeung; National University of Singapore Business School
presented by: Craig Brown, National University of Singapore
Session ID 386: Consumer Choice and Environmental Outcomes August 21, 2015 11:15 to 12:45 522A
Session Chair: Matthew Harding, Duke University
Session type: contributed
1. Vehicle Choice and Utilization: Improving Estimation With Partially Observed Choices and Hybrid Pairs
By Alicia Lloro; Federal Deposit Insurance Corporation David Brownstone; University of California, Irvine
presented by: Alicia Lloro, Federal Deposit Insurance Corporation
2. A Dynamic Model of Vehicle Ownership, Type Choice and Usage
By Kenneth Gillingham; Yale School of Forestry & Environmental Studies Fedor Iskhakov; University of New South Wales Anders Munk-Nielsen; University of Copenhagen John Rust; Georgetown University Bertel Schjerning; University of Copenhagen
presented by: Kenneth Gillingham, Yale School of Forestry & Environmental Studies
3. Empowering Consumers Through Smart Technology: Experimental Evidence on the Consequences of Time-of-use Electricity Pricing
By Matthew Harding; Duke University Carlos Lamarche; University of Kentucky
presented by: Matthew Harding, Duke University
Session ID 394: Equilibrium Asset Pricing August 21, 2015 11:15 to 12:45 Ste-Helene Westin
Session Chair: Francisco Vazquez-Grande, Federal Reserve Board
Session type: contributed
1. Dynamic Noisy Rational Expectations Equilibria With Anticipative Information
By Jerome Detemple; Boston University Marcel Rindisbacher; Boston University Thu Truong; Boston university
presented by: Marcel Rindisbacher, Boston University
2. Value or Growth? Pricing of Idiosyncratic Cash Flow Risk With Heterogeneous Beliefs
By Hogyu Jhang; Georgia Institute of Technology Hwagyun Kim; Texas A&M University Michael Gallmeyer; University of Virginia
presented by: Hogyu Jhang, Georgia Institute of Technology
3. Macro-finance Separation by Force of Habit
By Pierlauro Lopez; Banque de France J. David Lopez-Salido; Federal Reserve Board Francisco Vazquez-Grande; Federal Reserve Board
presented by: Francisco Vazquez-Grande, Federal Reserve Board
Session ID 152: Learning in Decentralized (Search) Markets August 21, 2015 11:15 to 12:45 524B
Session Chair: Stephan Lauermann, University of Bonn
Session type: contributed
1. Benchmarks in Search Markets
By Darrell Duffie; Stanford University Piotr Dworczak; Stanford Haoxiang Zhu; MIT
presented by: Piotr Dworczak, Stanford University
2. Consumer Search With Observational Learning
By Daniel Garcia; University of Vienna Sandro Shelegia; University of Vienna
presented by: Daniel Garcia, University of Vienna
3. Non-reservation Price Equilibria and Consumer Search
By Maarten Janssen; University of Vienna Alexei Parakhonyak; University of Oxford Anastasia Parakhonyak; Toulouse School of Economics
presented by: Alexei Parakhonyak, University of Oxford
Session ID 413: General Equilibrium August 21, 2015 11:15 to 12:45 525A
Session Chair: Jaime Orrillo, Catholic University of Brasilia
Session type: contributed
1. Back to Fundamentals: Abstract Competitive Equilibrium
By Michael Richter; Yeshiva University Ariel Rubinstein; Tel Aviv University
presented by: Michael Richter, Yeshiva University
2. Economic Correctness: Why Incomplete Markets Might Never Fail
By Herve Cres; New York University Abu Dhabi
presented by: Herve Cres, New York University Abu Dhabi
3. Existence and Non-triviality of Equilibria in Economies With Default and Government
By Jaime Orrillo; Catholic University of Brasilia
presented by: Jaime Orrillo, Catholic University of Brasilia
Session ID 164: Labor Markets During Booms and Busts August 21, 2015 11:15 to 12:45 447
Session Chair: Joshua Montes, Congressional Budget Office
Session type: contributed
1. Winners and Losers of Financial Crises: Evidence From Individuals and Firms
By Daniela Hochfellner; IAB Joshua Montes; Congressional Budget Office Martin Schmalz; University of Michigan Denis Sosyura; University of Michigan
presented by: Joshua Montes, Congressional Budget Office
2. Great Opportunities or Poor Alternatives: Self-employment, Unemployment and Paid Employment Over the Business Cycle
By Matthias Kredler; Universidad Carlos III Madrid Ana Millán; Universitat Autònoma de Barcelona Ludo Visschers; The University of Edinburgh/Univ Carlos III Madrid
presented by: Matthias Kredler, Universidad Carlos III Madrid
3. Work Incentives of Medicaid Beneficiaries and the Role of Asset Testing
By Svetlana Pashchenko; University of Surrey Ponpoje (Poe) Porapakkarm; GRIPS National Graduate Institute for Policy Studies Tokyo
presented by: Ponpoje (Poe) Porapakkarm, GRIPS National Graduate Institute for Policy Studies Tokyo
Session ID 424: Aggregate Demand Shocks August 21, 2015 11:15 to 12:45 Mc Gill Westin
Session Chair: Daniel Murphy, University of Virginia
Session type: contributed
1. Precautionary Saving and Aggregate Demand
By Edouard Challe; Ecole Polytechnique Julien Matheron; Banque de France Xavier Ragot; Paris School of Economics Juan Rubio-Ramirez; Duke University
presented by: Edouard Challe, Ecole Polytechnique
2. Demand Shocks and Interest Rates
By Daniel Murphy; University of Virginia Kieran Walsh; University of Virginia Darden School of Business
presented by: Daniel Murphy, University of Virginia
Session ID 174: Nonparametric Identification August 21, 2015 11:15 to 12:45 518B
Session Chair: Joachim Winter, University of Munich
Session type: contributed
1. Single Market Nonparametric Identification of Multi-attribute Hedonic Equilibrium Models
By Victor Chernozhukov; MIT Alfred Galichon; Sciences Po Marc Henry; Pennsylvania State University Brendan Pass; University of Alberta
presented by: Marc Henry, Pennsylvania State University
2. Nonparametric Identification and Estimation of the Sharing Rule in Collective Models With Unobserved Heterogeneity
By Stefan Hubner; Tilburg University
presented by: Stefan Hubner, Tilburg University
3. Identification of Structural Models in the Presence of Measurement Error Due to Rounding in Survey Responses
By Stefan Hoderlein; Boston College Bettina Siflinger; University of Mannheim Joachim Winter; University of Munich
presented by: Joachim Winter, University of Munich
Session ID 441: Matching August 21, 2015 11:15 to 12:45 525B
Session Chair: Willemien Kets, Northwestern University
Session type: contributed
1. Large Roommate Problem With Non-transferrable Random Utility
By Marcin Peski; University of Toronto
presented by: Marcin Peski, University of Toronto
2. Stable Matching in Large Economies
By Yeon-Koo Che; Columbia University Jinwoo Kim; Seoul National University Fuhito Kojima; Stanford University
presented by: Jinwoo Kim, Seoul National University
3. A Belief-based Theory of Homophily
By Willemien Kets; Northwestern University Alvaro Sandroni; Northwestern University
presented by: Willemien Kets, Northwestern University
Session ID 442: Networks August 21, 2015 11:15 to 12:45 Ville-Marie B Westin
Session Chair: Hiroki Watanabe, Lamar University
Session type: contributed
1. Social Structure, Markets and Inequality
By Julien Gagnon; University of Cambridge
presented by: Julien Gagnon, University of Cambridge
2. Opting Out of Buyer-seller Networks
By Alison Watts; Southern Illinois University
presented by: Alison Watts, Southern Illinois University
3. A Scale-free Transportation Network Explains the City-size Distribution
By Marcus Berliant; Washington University St. Louis Hiroki Watanabe; Lamar University
presented by: Hiroki Watanabe, Lamar University
Session ID 470: Mortgages and Other Loans August 21, 2015 11:15 to 12:45 Ville-Marie A Westin
Session Chair: You Suk Kim, Federal Reserve Board
Session type: contributed
1. Do Restrictions on Home Equity Extraction Contribute to Lower Mortgage Defaults?: Evidence From a Policy Discontinuity at the Texas Border
By Anil Kumar; Federal Reserve Bank of Dallas
presented by: Anil Kumar, Federal Reserve Bank of Dallas
2. Measuring Contract Completeness: A Text Based Analysis of Loan Agreements
By Bernhard Ganglmair; University of Texas at Dallas Malcolm Wardlaw; University of Texas Dallas
presented by: Malcolm Wardlaw, University of Texas Dallas
3. The Dynamics of Subprime Adjustable-rate Mortgage Default: A Structural Estimation
By Hanming Fang; University of Pennsylvania You Suk Kim; Federal Reserve Board Wenli Li; Federal Reserve Bank of Philadelphia
presented by: You Suk Kim, Federal Reserve Board
Session ID 471: Law Enforcement and Crime August 21, 2015 11:15 to 12:45 520B
Session Chair: Salvador Navarro, University of Western Ontario
Session type: contributed
1. Model Uncertainty and the Effect of Shall-issue Right-to-carry Laws on Crime
By Steven Durlauf; University of Wisconsin Salvador Navarro; University of Western Ontario David Rivers; University of Western Ontario
presented by: David Rivers, University of Western Ontario
2. New Evidence of the Effects of Zero Tolerance Laws on Drinking and Driving: The Case of Chile
By Sebastian Otero; J-Poverty Action Lab Tomas Rau; Pontificia Universidad Catolica de Chile
presented by: Sebastian Otero, J-Poverty Action Lab
3. Separating State Dependence, Experience and Heterogeneity in a Model of Youth Crime and Education
By Antonella Mancino; University of Western Ontario Salvador Navarro; University of Western Ontario David Rivers; University of Western Ontario
presented by: Salvador Navarro, University of Western Ontario
Session ID 472: Economic History August 21, 2015 11:15 to 12:45 522B
Session Chair: Mark Westcott, University of Munich
Session type: contributed
1. The National Rise in Residential Segregation
By Trevon Logan; Ohio State University John Parman; College of William and Mary and NBER
presented by: Trevon Logan, Ohio State University
2. The Effects of Management and Technology Diffusion: Evidence From the US Marshall Plan in Italy
By Michela Giorcelli; Stanford University
presented by: Michela Giorcelli, Stanford University
3. Shocking Racial Attitudes: The Cultural Legacy of Black GIs in Europe
By David Schindler; University of Munich Mark Westcott; University of Munich
presented by: Mark Westcott, University of Munich
Session ID 239: Duration Outcomes August 21, 2015 11:15 to 12:45 518C
Session Chair: Kun Zheng, Tilburg University
Session type: contributed
1. Testing Censoring Point Independence
By Brigham Frandsen; Brigham Young University
presented by: Brigham Frandsen, Brigham Young University
2. Mixed Hitting Times With Time-varying Covariates
By Jaap Abbring; Tilburg University Kun Zheng; Tilburg University
presented by: Kun Zheng, Tilburg University
Session ID 242: Dynamics and Evolution August 21, 2015 11:15 to 12:45 448
Session Chair: Wei-Torng Juang, Academia Sinica
Session type: contributed
1. The Evolution of Strategic Sophistication
By Nikolaus Robalino; Simon Fraser University Arthur Robson; Simon Fraser University
presented by: Nikolaus Robalino, Simon Fraser University
2. A Folk Theorem for Stochastic Evolutionary Game Theory
By Wei-Torng Juang; Academia Sinica Hamid Sabourian; Cambridge University
presented by: Wei-Torng Juang, Academia Sinica
Session ID 365: Issues in the Analysis of Productivity August 21, 2015 11:15 to 12:45 521A
Session Chair: Abdulaziz Shifa, Syracuse University
Session type: contributed
1. The Strength of Long Ties and the Weakness of Strong Ties: Knowledge Diffusion Through Supply Chain Networks
By Yasuyuki Todo; Waseda University
presented by: Yasuyuki Todo, Waseda University
2. Economic Growth and Trade in Human Capital
By Abdulaziz Shifa; Syracuse University
presented by: Abdulaziz Shifa, Syracuse University
3. Management as a Technology
By Nicholas Bloom; Stanford University Brian Lucking; Stanford University Raffaella Sadun; Harvard Business School
presented by: Brian Lucking, Stanford University
Session ID 7: Search, Learning and Information Aggregation August 21, 2015 14:15 to 16:15 520A
Session Chair: Claudia Herresthal, Oxford University
Session type: contributed
1. Price Dispersion with Ex Ante Homogeneity: A Reassessment of the Diamond Paradox
By Jose Tudon; University of Chicago
presented by: Jose Tudon, University of Chicago
2. Market Selection and Information Content of Prices
By Alp Atakan; Koc University Mehmet Ekmekci; Boston College
presented by: Mehmet Ekmekci, Boston College
3. Competitive Information Provision and Consumer Search
By Simon Board; University of California - Los Angeles Jay Lu; University of California Los Angeles
presented by: Jay Lu, University of California Los Angeles
4. School Rankings, Student Allocations and School Choice Reforms
By Claudia Herresthal; Oxford University
presented by: Claudia Herresthal, Oxford University
Session ID 10: Empirical Macro-finance August 21, 2015 14:15 to 16:15 Le Moyne Westin
Session Chair: Rafael De Rezende, Sverige Riksbank
Session type: contributed
1. Mimicking Portfolios of Macroeconomic Factors
By Zhaoguo Zhan; Tsinghua University
presented by: Zhaoguo Zhan, Tsinghua University
2. Unspanned Macroeconomic Factors in the Yield Curve
By Laura Coroneo; University of York Domenico Giannone; Federal Reserve Bank of New York Michele Modugno; Federal Reserve Board of Governors
presented by: Michele Modugno, Federal Reserve Board of Governors
3. Option-implied Term Structures
By Erik Vogt; Federal Reserve Bank of New York
presented by: Erik Vogt, Federal Reserve Bank of New York
4. Risks in Macroeconomic Fundamentals and Excess Bond Returns Predictability
By Rafael De Rezende; Sveriges Riksbank (Central Bank of Sweden)
presented by: Rafael De Rezende, Sverige Riksbank
Session ID 272: Experimentation and Testing August 21, 2015 14:15 to 16:15 521B
Session Chair: Francesc Dilme, University of Bonn
Session type: contributed
1. Strategic Experimentation on a Common Threshold
By Yi Chen; Yale University
presented by: Yi Chen, Yale University
2. Optimal Adaptive Testing
By Rahul Deb; University of Toronto Colin Stewart; University of Toronto
presented by: Colin Stewart, University of Toronto
3. Career Concerns and Policy Intransigence: A Dynamic Signaling Model
By Caroline Thomas; University of Texas Austin
presented by: Caroline Thomas, University of Texas Austin
4. Consumer Private Experimentation
By Francesc Dilme; University of Bonn
presented by: Francesc Dilme, University of Bonn
Session ID 27: Political Economy (Empirical) August 21, 2015 14:15 to 16:15 520B
Session Chair: Lin Hu, Washington University St. Louis
Session type: contributed
1. Diversity in Government: Evidence From California City Councils
By Brian Beach; University of Pittsburgh Daniel Jones; University of South Carolina
presented by: Daniel Jones, University of South Carolina
2. Political Bias in Court? Lay Judges and Asylum Appeals
By Linna Martén; Uppsala University
presented by: Linna Marten, Uppsala University
3. Gender Quotas, Female Politicians and Public Expenditures: Quasi-experimental Evidence
By Manuel Bagues; Aalto University Pamela Campa; University of Calgary
presented by: Pamela Campa, University of Calgary
4. Ideology vs. Pork: Government Formation in Parliamentary Systems
By Lin Hu; Washington University St. Louis
presented by: Lin Hu, Washington University St. Louis
Session ID 44: Credit Risk and Credit Rating Agencies August 21, 2015 14:15 to 16:15 522B
Session Chair: Nicolas Crouzet, Northwestern University Kellogg School of Management
Session type: contributed
1. Rating-induced Default Risk and Downgrade Hesitation
By Hermann Elendner; Humboldt Universität zu Berlin
presented by: Hermann Elendner, Humboldt Universität zu Berlin
2. Economic Consequences of Credit Rating Inflation
By Itay Goldstein; University of Pennsylvania Chong Huang; Paul Merage School of Business
presented by: Chong Huang, Paul Merage School of Business
3. Haircuts and Credit Risk Over the Cycle
By Zongbo Huang; Princeton University
presented by: Zongbo Huang, Princeton University
4. Aggregate Implications of Corporate Debt Choices
By Nicolas Crouzet; Northwestern University Kellogg School of Management
presented by: Nicolas Crouzet, Northwestern University Kellogg School of Management
Session ID 301: Panel Data in Economics August 21, 2015 14:15 to 16:15 Mc Gill Westin
Session Chair: Juan Rodriguez-Poo, Universidad de Cantabria
Session type: contributed
1. Estimating Country Heterogeneity in Aggregate Capital-labor Substitution Using Panel Data
By Lucciano Villacorta; Centro De Estudios Monetarios Y Financieros
presented by: Lucciano Villacorta, Centro De Estudios Monetarios Y Financieros
2. Weak and Strong Cross-sectional Dependence: A Panel Data Analysis of International Technology Diffusion
By Cem Ertur; Laboratoire d'Economie d'Orléans UMR antonio musolesi; University of Ferrara
presented by: Cem Ertur, Laboratoire d'Economie d'Orléans UMR
3. Precautionary Savings Over the Life Cycle: Efficient Two-stage Nonparametric Instrumental Variables Estimation
By Juan Rodriguez-Poo; Universidad de Cantabria
presented by: Juan Rodriguez-Poo, Universidad de Cantabria
Session ID 304: High-dimensional Dynamic Modeling August 21, 2015 14:15 to 16:15 Ville-Marie A Westin
Session Chair: Pooyan Amir Ahmadi, Goethe University
Session type: contributed
1. Dynamic Predictive Density Combinations for Large Datasets
By Roberto Casarin; University Ca' Foscari of Venice Stefano Grassi; Kent University Francesco Ravazzolo; central bank of norway Herman van Dijk; Erasmus University Rotterdam
presented by: Herman van Dijk, Erasmus University Rotterdam
2. Identification and Estimation of a Large Factor Model With Structural Instability
By Badi Baltagi; Syracuse University Chihwa Kao; Syracuse University Fa Wang; Syracuse University
presented by: Fa Wang, Syracuse University
3. Modeling Multivariate Data Revisions
By Jan P.A.M. Jacobs; University of Groningen Samad Sarferaz; ETH Zurich Jan-Egbert Sturm; ETH Zurich Simon van Norden; HEC Montréal
presented by: Jan P.A.M. Jacobs, University of Groningen
4. Common Sources of Instabilities in Macroeconomic Dynamics
By Pooyan Amir Ahmadi; Goethe University Dalibor Stevanovic; Université du Québec à Montréal
presented by: Pooyan Amir Ahmadi, Goethe University
Session ID 55: Family and Labor Markets August 21, 2015 14:15 to 16:15 St-Paul Westin
Session Chair: Sergio Urzua, University of Maryland
Session type: contributed
1. Labor Supply, Fertility and Childcare Decisions: A Structural Analysis of Fiscal Stimuli for Working Mothers
By Jan Kabátek; Tilburg University
presented by: Jan Kabátek, Tilburg University
2. The Economic Value of Breaking Bad: Misbehavior, Schooling and the Labor Market
By Nicholas Papageorge; Johns Hopkins University
presented by: Nicholas Papageorge, Johns Hopkins University
3. Family Law Effects on Divorce, Fertility and Child Investment
By Meta Brown; Federal Reserve Bank of New York Christopher Flinn; New York University Joseph Mullins; New York University
presented by: Joseph Mullins, New York University
4. The Children of the Missed Pill: Unintended Consequences of Price Collusion
By Tomas Rau; Pontificia Universidad Catolica de Chile Miguel Sarzosa; University of Maryland Sergio Urzua; University of Maryland
presented by: Sergio Urzua, University of Maryland
Session ID 315: Firm Dynamics in Macro August 21, 2015 14:15 to 16:15 524A
Session Chair: William Hawkins, Yeshiva University
Session type: contributed
1. Learning and Recombination
By Boyan Jovanovic; New York University
presented by: Boyan Jovanovic, New York University
2. The Macro Impact of Short-termism
By Stephen Terry; Stanford University
presented by: Stephen Terry, Stanford University
3. The Geography of Unconventional Innovation
By Enrico Berkes; Northwestern University Ruben Gaetani; Northwestern University
presented by: Ruben Gaetani, Northwestern University
4. The Joint Dynamics of Capital and Employment at the Plant Level
By William Hawkins; Yeshiva University Ryan Michaels; University of Rochester Jiyoon Oh; Korea Development Institute
presented by: William Hawkins, Yeshiva University
Session ID 63: Monetary Theory August 21, 2015 14:15 to 16:15 522C
Session Chair: Tai-Wei Hu, Kellogg School of Management Department of Magagerial Economics and Decision Sciences
Session type: contributed
1. A Model of Money, Credit and Velocity: With an Application to the Cash Demand Puzzle
By Janet Hua Jiang; Bank of Canada Enchuan Shao; Bank of Canada
presented by: Janet Hua Jiang, Bank of Canada
2. This Is What’s in Your Wallet...and Here’s How You Use It
By Tamas Briglevics; Magyar Nemzeti Bank Scott Schuh; Federal Reserve Bank of Boston
presented by: Tamas Briglevics, Magyar Nemzeti Bank
3. A Tractable Model of Monetary Exchange with Ex-post Heterogeneity
By Guillaume Rocheteau; University of California, Irvine Pierre-Olivier Weill; UCLA Tsz-Nga Wong; Bank of Canada
presented by: Tsz-Nga Wong, Bank of Canada
4. Optimal Monetary Interventions in Credit Markets
By Tai-Wei Hu; Kellogg School of Management Department of Magagerial Economics and Decision Sciences
presented by: Tai-Wei Hu, Kellogg School of Management Department of Magagerial Economics and Decision Sciences
Session ID 78: Markets with Behavioral Agents August 21, 2015 14:15 to 16:15 520C
Session Chair: Keith Ericson, Boston University
Session type: contributed
1. Deception Under Competitive Intermediation
By Takeshi Murooka; University of Munich
presented by: Takeshi Murooka, University of Munich
2. The Impact of Short-lived Weather Outliers on Household Investment.
By Stefan Lamp; Yale University School of Forestry & Environmental Studies
presented by: Stefan Lamp, Yale University School of Forestry & Environmental Studies
3. When Consumers Do Not Make an Active Decision: Dynamic Default Rules and their Equilibrium Effects
By Keith Ericson; Boston University
presented by: Keith Ericson, Boston University
4. Long-term Employment Relations When Agents are Present-biased
By Florian Englmaier; University of Munich Matthias Fahn; University of Munich Marco Schwarz; University of Munich
presented by: Marco Schwarz, LMU Munich
Session ID 79: Fiscal Multipliers August 21, 2015 14:15 to 16:15 523A
Session Chair: Ufuk Demirel, Congressional Budget Office
Session type: contributed
1. A New Identification of Fiscal Shocks Based on the Information Flow
By Giovanni Ricco; London Business School
presented by: Giovanni Ricco, London Business School
2. Are State Governments Roadblocks to Federal Stimulus? Evidence From Highway Grants in the 2009 Recovery Act
By Sylvain Leduc; Federal Reserve Bank of San Francisco
presented by: Sylvain Leduc, Federal Reserve Bank of San Francisco
3. The Short-term Effects of Tax Changes in the United States: Evidence for State Dependence
By Ufuk Demirel; Congressional Budget Office
presented by: Ufuk Demirel, Congressional Budget Office
Session ID 337: Advances in Spatial Econometrics August 21, 2015 14:15 to 16:15 Ville-Marie B Westin
Session Chair: Kai Yang, Ohio State University
Session type: contributed
1. Pseudo Maximum Likelihood Estimation of Spatial Autoregressive Models With Increasing Dimension
By Abhimanyu Gupta; Essex University Peter Robinson; London School of Economics
presented by: Abhimanyu Gupta, Essex University
2. Prediction in a Generalized Spatial Panel Data Model With Serial Correlation
By Badi Baltagi; Syracuse University Long Liu; University of Texas San Antonio
presented by: Long Liu, University of Texas San Antonio
3. Identification and QML Estimation of Multivariate and Simultaneous Spatial Autoregressive Models
By Kai Yang; Ohio State University Lung-fei Lee; Ohio State University
presented by: Kai Yang, Ohio State University
Session ID 343: Empirical Work on Incentives August 21, 2015 14:15 to 16:15 518C
Session Chair: Vardges Levonyan, ETH Zurich
Session type: contributed
1. Trust, Credibility and Delegation: Evidence From Multiple Employees Per Establishment
By Kieron Meagher; Australian National University Andrew Wait; University of Sydney
presented by: Andrew Wait, University of Sydney
2. A Structural Model of Sales-force Compensation Dynamics: Estimation and Field Implementation
By Sanjog Misra; University of California Los Angeles Anderson School of Management
presented by: Sanjog Misra, University of California Los Angeles Anderson School of Management
3. Theory and Evidence From Industry-physician Relationships
By Daniel Chen; Toulouse Institute for Advanced Studies Vardges Levonyan; ETH Zurich Eric Reinhart; University of Chicago Glen Taksler; New York University
presented by: Vardges Levonyan, ETH Zurich
Session ID 93: Financial Econometrics August 21, 2015 14:15 to 16:15 Ramezay Westin
Session Chair: Md. Nazmul Ahsan, McGill University
Session type: contributed
1. Transformed Diffusions and Copulas: Identification and Inference
By Ruijun Bu; The University of Liverpool Kaddour Hadri; Queen's University Belfast Dennis Kristensen; University College London
presented by: Kaddour Hadri, Queen's University Belfast
2. Is a Normal Copula the Right Copula?
By Dante Amengual; Centro de Estudios Monetarios y Financieros Madrid
presented by: Dante Amengual, Centro de Estudios Monetarios y Financieros Madrid
3. The Impact of Jumps and Leverage in Forecasting Co-volatility
By Manabu Asai; Soka University Michael McAleer; National Tsing Hua University
presented by: Manabu Asai, Soka University
4. Closed-form Estimators for Higher-order Gaussian Stochastic Volatility Models
By Md. Nazmul Ahsan; McGill University
presented by: Md. Nazmul Ahsan, McGill University
Session ID 350: Implications of Multinational Activity August 21, 2015 14:15 to 16:15 519A
Session Chair: Nitya Pandalai Nayar, University of Michigan
Session type: contributed
1. Benefits of Foreign Ownership: Evidence From Foreign Direct Investment in China
By Jian Wang; Federal Reserve Bank of Dallas Xiao Wang; University of North Dakota
presented by: Jian Wang, Federal Reserve Bank of Dallas
2. Multinational Firms and Business Cycle Transmission
By Dominik Menno; European University Institute and University of Mannheim
presented by: Dominik Menno, European University Institute and University of Mannheim
3. Input Linkages and the Transmission of Shocks: Firm-level Evidence From the 2011 Tohoku Earthquake
By Christoph Boehm; University of Michigan Aaron Flaaen; University of Michigan Nitya Pandalai Nayar; University of Michigan
presented by: Nitya Pandalai Nayar, University of Michigan
Session ID 95: Principal-agent Models August 21, 2015 14:15 to 16:15 447
Session Chair: Georg Noldeke, University of Basel
Session type: contributed
1. Weak Ex Ante Collusion and Design of Supervisory Institutions
By Dilip Mookherjee; Boston University Alberto Motta; University of New South Wales Masatoshi Tsumagari; Keio University
presented by: Masatoshi Tsumagari, Keio University
2. Simple Contracts With Adverse Selection and Moral Hazard
By Humberto Ataíde Moreira; Fundação Getulio Vargas Daniel Gottlieb; University of Pennsylvania
presented by: Humberto Ataíde Moreira, Fundação Getulio Vargas
3. The Implementation Duality
By Georg Noldeke; University of Basel Larry Samuelson; Yale University
presented by: Georg Noldeke, University of Basel
Session ID 107: Theoretical Foundations for Computational Economics August 21, 2015 14:15 to 16:15 520D
Session Chair: Lilia Maliar, Stanford University
Session type: contributed
1. A Divide and Conquer Algorithm for Exploiting Policy Function Monotonicity
By Grey Gordon; Indiana University Shi Qiu; Indiana University Bloomington
presented by: Grey Gordon, Indiana University
2. Envelope Theorem, Euler, and Bellman Equations Without Differentiability
By Ramon Marimon; European Institute and Universtat Pompeu Fabria Jan Werner; University of Minnesota
presented by: Jan Werner, University of Minnesota
3. Adaptive Grids for Estimation of Dynamic Models Using Constrained Optimization Approaches
By Gregor Reich; University of Zurich Ole Wilms; University of Zurich
presented by: Ole Wilms, University of Zurich
4. A Tractable Framework for Analyzing Nonstationary and Unbalanced Growth Models
By Lilia Maliar; Stanford University Serguei Maliar; Santa Clara University John Taylor; Stanford University Inna Tsener; University of Alicante
presented by: Lilia Maliar, Stanford University
Session ID 110: Online Auctions and Marketplaces August 21, 2015 14:15 to 16:15 517C
Session Chair: Jason Hartline, Northwestern University
Session type: contributed
1. A Theory of Bidding Dynamics and Deadlines in Online Retail
By Dominic Coey; eBay Research Labs Bradley Larsen; Stanford University Brennan Platt; Brigham Young University
presented by: Brennan Platt, Brigham Young University
2. Reputation Premium and Reputation Management: Evidence from China’s Largest e-Commerce Platform
By Ying Fan; University of Michigan Jiandong Ju; Tsinghua University Mo Xiao; University of Arizona
presented by: Mo Xiao, University of Arizona
3. Online Price Discrimination and Market Structure
By Katja Seim; University of Pennsylvania Michael Sinkinson; University of Pennsylvania Wharton School of Business
presented by: Michael Sinkinson, University of Pennsylvania Wharton Schoo
4. Mechanism Design for Data Science
By Shuchi Chawla; Univ. of Wisconsin - Madison Jason Hartline; Northwestern University Denis Nekipelov; University of Virginia
presented by: Jason Hartline, Northwestern University
Session ID 111: Contracts: Theory and Applications August 21, 2015 14:15 to 16:15 518A
Session Chair: Elena Krasnokutskaya, Johns Hopkins University
Session type: contributed
1. Strategic Design Under Uncertain Evaluations: Structural Analysis of Design-build Auctions
By Hidenori Takahashi; University of Mannheim
presented by: Hidenori Takahashi, University of Mannheim
2. Money and Privacy: Android Market Evidence
By Michael Kummer; Centre for European Economic Research and University of Mannheim Patrick Schulte; Centre for European Economics Research (ZEW), Mannheim
presented by: Michael Kummer, Centre for European Economic Research and University of Mannheim
3. Bundling with Imperfect Competition: Theory and an Application to Contract Length
By Alexander MacKay; University of Chicago
presented by: Alexander MacKay, University of Chicago
4. Ex­-ante and Ex-­post Subcontracting in Highway Procurement Market
By Jorge Balat; Johns Hopkins University Elena Krasnokutskaya; Johns Hopkins University
presented by: Elena Krasnokutskaya, Johns Hopkins University
Session ID 121: Auctions and Contract Theory August 21, 2015 14:15 to 16:15 448
Session Chair: Tymofiy Mylovanov, University of Pittsburgh
Session type: contributed
1. Sequential Auctions, Price Trends, and Risk Preferences
By Audrey Hu; University of Amsterdam Tinbergen Institute Liang Zou; University of Amsterdam
presented by: Audrey Hu, University of Amsterdam Tinbergen Institute
2. Subjective Performance Feedback, Ability Attribution and Renegotiation-proof Contracts
By Bin Chen; Sun Yat-sen University
presented by: Bin Chen, Sun Yat-sen University
3. Contracts as Signals
By Tymofiy Mylovanov; University of Pittsburgh Thomas Troger; University of Mannheim
presented by: Tymofiy Mylovanov, University of Pittsburgh
Session ID 379: Market Access and Development August 21, 2015 14:15 to 16:15 519B
Session Chair: Simon Alder, University of North Carolina Chapel Hill
Session type: contributed
1. Information Technology and Fiscal Capacity in a Developing Country: Evidence From Ethiopia
By Merima Ali; Chr. Michelsen Institute Abdulaziz Shifa; Syracuse University Abebe Shimeles; African Development Bank Firew Woldeyes; EDRI
presented by: Merima Ali, Chr. Michelsen Institute
2. International Growth Spillovers and Market Access in Africa
By Alexander Moore; London School of Economics
presented by: Alexander Moore, London School of Economics
3. Chinese Roads in India: The Effect of Transport Infrastructure on Economic Development
By Simon Alder; University of North Carolina Chapel Hill
presented by: Simon Alder, University of North Carolina Chapel Hill
Session ID 401: Currency Markets and Risk Premia August 21, 2015 14:15 to 16:15 524B
Session Chair: Soheil Mahmoodzadeh, Simon Fraser University
Session type: contributed
1. Currency Risk Factors in a Multi-country Recursive Economy
By Ric Colacito; University of North Carolina, Chapel Hil Mariano Croce; University of North Carolina at Chapel H Federico Gavazzoni; INSEAD Robert Ready; University of Rochester
presented by: Robert Ready, University of Rochester
2. Term-structure of Consumption Risk Premia in the Cross-section of Currency Returns
By Irina Zviadadze; Stockholm School of Economics
presented by: Irina Zviadadze, Stockholm School of Economics
3. Exchange Rates and UIP Violations at Short and Long Horizons
By Rosen Valchev; Duke University
presented by: Rosen Valchev, Duke University
4. Tick Size Change in the Wholesale Foreign Exchange Market
By Soheil Mahmoodzadeh; Simon Fraser University Ramazan Gencay; Simon Fraser University
presented by: Soheil Mahmoodzadeh, Simon Fraser University
Session ID 153: Auctions: Entry and Asymmetries August 21, 2015 14:15 to 16:15 520E
Session Chair: Ronald Wolthoff, University of Toronto
Session type: contributed
1. Asymmetric Auctions With More Than Two Bidders
By Timothy Hubbard; Colby College Rene Kirkegaard; University of Guelph
presented by: Rene Kirkegaard, University of Guelph
2. First Price Auction With Asymmetrically Budget Constrained Bidders
By Nina Bobkova; University of Bonn
presented by: Nina Bobkova, University of Bonn
3. Indicative Bidding in Auctions With Costly Entry
By Daniel Quint; University of Wisconsin Kenneth Hendricks; University of Wisconsin Madison
presented by: Daniel Quint, University of Wisconsin
4. Competing With Asking Prices
By Benjamin Lester; Federal Reserve Bank of Philadelphia Ludo Visschers; The University of Edinburgh/Univ Carlos III Madrid Ronald Wolthoff; University of Toronto
presented by: Ronald Wolthoff, University of Toronto
Session ID 411: Network Games August 21, 2015 14:15 to 16:15 521C
Session Chair: Alexander Harris, University of Cambridge
Session type: contributed
1. Cournot Competition in Networked Markets
By Kostas Bimpikis; Stanford University
presented by: Kostas Bimpikis, Stanford University
2. A Theory of Twitter
By Rogayeh Dastranj; Simon Fraser University Anke Kessler; Simon Fraser University
presented by: Rogayeh Dastranj, Simon Fraser University
3. Social Influence
By Julien Gagnon; University of Cambridge Alexander Harris; University of Cambridge
presented by: Alexander Harris, University of Cambridge
Session ID 415: Contests August 21, 2015 14:15 to 16:15 522A
Session Chair: Felix Vardy, International Monetary Fund
Session type: contributed
1. Awarding Scarce Ideas in Innovation Contests
By Nisvan Erkal; University of Melbourne Jun Xiao; University of Melbourne
presented by: Jun Xiao, University of Melbourne
2. Effort-maximizing Contingent Prize Allocation Rule in Three-battle Contests
By Xin Feng; National University of Singapore Jingfeng Lu; National University of Singapore
presented by: Jingfeng Lu, National University of Singapore
3. Effort-maximizing Contests
By Wojciech Olszewski; Northwestern University Ron Siegel; Northwestern University
presented by: Wojciech Olszewski, Northwestern University
4. The Pond's Dilemma
By John Morgan; University of California - Berkeley Dana Sisak; Erasmus University Rotterdam Felix Vardy; International Monetary Fund
presented by: Felix Vardy, International Monetary Fund
Session ID 417: Unconventional Monetary Policy August 21, 2015 14:15 to 16:15 524C
Session Chair: Jeffrey Campbell, Federal Reserve Bank of Chicago
Session type: contributed
1. A Lesson From the Great Depression That the Fed Might Have Learned: A Comparison of the 1932 Open Market Purchases With Quantitative Easing
By Michael Bordo; Rutgers University Arunima Sinha; Fordham University
presented by: Arunima Sinha, Fordham University
2. Unanticipated Shocks and Forward Guidance at the Zero Lower Bound
By Callum Jones; New York University
presented by: Callum Jones, New York University
3. Threshold-based Forward Guidance: Hedging the Zero Bound
By Richard Harrison; Bank of England Lena Koerber; Bank of England and London School of Eco Matthew Waldron; Bank of England
presented by: Matthew Waldron, Bank of England
4. Quantitative Easing in Joseph's Egypt With Keynesian Producers
By Jeffrey Campbell; Federal Reserve Bank of Chicago
presented by: Jeffrey Campbell, Federal Reserve Bank of Chicago
Session ID 175: Macroeconomic Dynamics at the Zero Lower Bound August 21, 2015 14:15 to 16:15 523B
Session Chair: Saroj Bhattarai, University of Texas Austin
Session type: contributed
1. The Shadow Rate of Interest, Macroeconomic Trends, and Time-varying Uncertainty
By Benjamin Johannsen; Federal Reserve Board Elmar Mertens; Federal Reserve Board
presented by: Benjamin Johannsen, Federal Reserve Board
2. Global Impact of US Monetary Policy at the Zero Lower Bound
By Qianying Chen; International Monetary Fund Feng Zhu; Bank for International Settlements
presented by: Qianying Chen, International Monetary Fund
3. Public Investment, Time to Build and the Zero Lower Bound
By Hafedh Bouakez; HEC Montreal Michel Guillard; EPEE, Université d'Evry Jordan Roulleau-Pasdeloup; HEC Lausanne
presented by: Hafedh Bouakez, HEC Montreal
4. Optimal Monetary and Fiscal Policy at the Zero Lower Bound in a Small Open Economy
By Saroj Bhatarai; University of Texas Austin Konstantin Egorov; Pennsylvania State University
presented by: Saroj Bhattarai, University of Texas Austin
Session ID 431: Monetary Policy August 21, 2015 14:15 to 16:15 525A
Session Chair: Joao Duarte, University of Illinois at Urbana Champaign
Session type: contributed
1. Sustainable International Monetary Policy Cooperation
By Ippei Fujiwara; Australian National University Timothy Kam; The Australian National University Takeki Sunakawa; University of Tokyo Graduate School of Public Policy
presented by: Takeki Sunakawa, University of Tokyo Graduate School of Public Policy
2. Working Capital, Price Stability and the ECB's Two-pillar Approach
By Andrew Smith; Federal Reserve Bank of Kansas City
presented by: Andrew Smith, Federal Reserve Bank of Kansas City
3. Transitions in Central Bank Leadership: Empirics and a Simple Theory
By Carlos Carvalho; PUC-Rio Tiago Flórido; PUC-Rio Eduardo Zilberman; Pontifícia Universidade Católica do Rio de Janeiro
presented by: Eduardo Zilberman, Pontifícia Universidade Católica do Rio de Janeiro
4. The Effect of Monetary Policy on Housing Tenure Choice as an Explanation for the Price Puzzle
By Daniel Dias; Board of Governors of the Federal Reserv Joao Duarte; University of Illinois Urbana Champaign
presented by: Joao Duarte, University of Illinois Urbana Champaign
Session ID 181: Measuring and Estimating Utility August 21, 2015 14:15 to 16:15 520F
Session Chair: William McCausland, Universite de Montreal
Session type: contributed
1. Parametric Recovery Methods: A Comparative Experimental Study
By Yoram Halevy; University of British Columbia Lanny Zrill; University of British Columbia
presented by: Yoram Halevy, University of British Columbia
2. Estimation of Average Effects When Treatment Assignment is Dynamic
By Gerard van den Berg; University of Mannheim Johan Vikström; Institute for Evaluation of Labour Market and Education Policy
presented by: Johan Vikström, Institute for Evaluation of Labour Market and Education Policy
3. Recovering Subjective Probability Distributions
By Glenn Harrison; Georgia State University Eric Ulm; Georgia State University
presented by: Eric Ulm, Georgia State University
4. Testing Random Utility Using Falmagne's Conditions Directly
By William McCausland; Universite de Montreal Clintin Davis-Stober; University of Missouri (Psychology) Tony Marley; University of Victoria Nick Brown; University of Missouri (Psychology) Sang Hyuk Park; University of Missouri (Psychology)
presented by: William McCausland, Universite de Montreal
Session ID 438: Debt contracts August 21, 2015 14:15 to 16:15 525B
Session Chair: Andrea Vedolin, London School of Economics
Session type: contributed
1. Collateralizing Liquidity
By Cecilia Parlatore; New York University Stern School of Business
presented by: Cecilia Parlatore, New York University Stern School of Business
2. Moral Hazard and the Optimality of Debt
By Benjamin Hebert; Harvard University
presented by: Benjamin Hebert, Harvard University
3. Government Maturity Structure Twists
By Alexandre Corhay; University of British Columbia Sauder School of Business Howard Kung; London Business School Gonzalo Morales; University of British Columbia
presented by: Howard Kung, London Business School
4. Interest Rate Risk and Corporate Hedging
By Lorenzo Bretscher; London School of Economics Philippe Mueller; London School of Economics Lukas Schmid; Duke University Andrea Vedolin; London School of Economics
presented by: Lorenzo Bretscher, London School of Economics
Session ID 194: Empirical Analysis of School Choice Systems August 21, 2015 14:15 to 16:15 518B
Session Chair: Peter Troyan, University of Virginia
Session type: contributed
1. A Robust Redesign of High School Match
By Sam Hwang; University of Chicago
presented by: Sam Hwang, University of Chicago
2. Market Design Under Distributional Constraints: Diversity in School Choice and Other Applications
By Peter Troyan; University of Virginia Daniel Fragiadakis; Texas A&M University
presented by: Peter Troyan, University of Virginia
3. Incentive Design in Education: An Empirical Analysis
By Hugh Macartney; Duke University Robert McMillan; University of Toronto Uros Petronijevic; University of Toronto
presented by: Hugh Macartney, Duke University
Session ID 450: Education and Labor Markets August 21, 2015 14:15 to 16:15 St-Antoine A Westin
Session Chair: Carlos Medina, Banco de la República
Session type: contributed
1. Supply of University Education: Evidence From Denmark 1982 to 1992
By Kelly Foley; University of Saskatchewan Fane Groes; Copenhagen Business School
presented by: Fane Groes, Copenhagen Business School
2. Employer Screening Costs, Recruiting Strategies and Labor Market Outcomes: An Equilibrium Analysis of On-campus Recruiting
By Russell Weinstein; Rensselaer Polytechnic Institute
presented by: Russell Weinstein, Rensselaer Polytechnic Institute
3. The Career Prospects of Overeducated Americans
By Brian Clark; Duke University Clement Joubert; University of North Carolina at Chapel H Arnaud Maurel; Duke University
presented by: Brian Clark, Duke University
4. Educational, Labor Market, and Fiscal Impacts of Scholarships for Private Secondary School: Evidence From Colombia
By Eric Bettinger; Stanford University Michael Kremer; Harvard University Maurice Kugler; Harvard Center for International Develop Carlos Medina; Banco de la República Christian Posso; Banco de la República/University of Nor Juan Saavedra; University of Southern California
presented by: Carlos Medina, Banco de la República
Session ID 208: Political Economy - Elections August 21, 2015 14:15 to 16:15 521A
Session Chair: Chamna Yoon, City University of New York Baruch Colle
Session type: contributed
1. A Theory of Minimalist Democracy
By Chris Bidner; Simon Fraser University Patrick Francois; UBC Francesco Trebbi; University of British Columbia
presented by: Chris Bidner, Simon Fraser University
2. Divergence and Ambiguity in Elections
By Richard Van Weelden; University of Chicago
presented by: Richard Van Weelden, University of Chicago
3. Electoral Accountability and Responsive Democracy
By John Duggan; University of Rochester Cesar Martinelli; George Mason University
presented by: Cesar Martinelli, George Mason University
4. Identification and Semi-parametric Estimation of Dynamic Games of Electoral Competition
By Holger Sieg; University of Pennsylvania Chamna Yoon; City University of New York Baruch College
presented by: Chamna Yoon, City University of New York Baruch Colle
Session ID 465: High Dimensional Econometrics August 21, 2015 14:15 to 16:15 St-Antoine B Westin
Session Chair: L. Vanessa Smith, University of York
Session type: contributed
1. High-dimensional Copula-based Distributions With Mixed Frequency Data
By Dong Hwan Oh; Federal Reserve Board Andrew Patton; Duke University
presented by: Dong Hwan Oh, Federal Reserve Board
2. Quantile Graph Models: Prediction and Conditional Independence With Applications to Financial Risk Management
By Alexandre Belloni; Duke University Mingli Chen; Boston University Victor Chernozhukov; MIT
presented by: Mingli Chen, Boston University
3. Fitting Vast Dimensional Time-varying Covariance Models
By Robert Engle; NYU Stern Cavit Pakel; Bilkent University Neil Shephard; Harvard University Kevin Sheppard; University of Oxford
presented by: Cavit Pakel, Bilkent University
4. A Multiple Testing Approach to the Regularisation of Large Sample Correlation Matrices
By Natalia Bailey; Queen Mary, University of London Hashem Pesaran; University of Southern California L. Vanessa Smith; University of York
presented by: L. Vanessa Smith, University of York
Session ID 466: Testing August 21, 2015 14:15 to 16:15 517B
Session Chair: Kaiji Motegi, Waseda University
Session type: contributed
1. Improved Consistent Conditional Moment Tests for Regression Models in the Presence of Heteroskedasticity of Unknown Form
By Xuexin Wang; Xiamen University
presented by: Xuexin Wang, Xiamen University
2. Likelihood Ratio Based Tests for Markov Regime Switching
By Zhongjun Qu; Boston University Fan Zhuo; Boston University
presented by: Fan Zhuo, Boston University
3. Model Equivalence Tests for Overidentifying Restrictions
By Pascal Lavergne; Toulouse School of Economics
presented by: Pascal Lavergne, Toulouse School of Economics
4. Regression-based Mixed Frequency Granger Causality Tests
By Eric Ghysels; UNC Jonathan Hill; University of North Carolina Kaiji Motegi; Waseda University
presented by: Kaiji Motegi, Waseda University
Session ID 224: Labor Markets August 21, 2015 14:15 to 16:15 Viger Westin
Session Chair: Christian vom Lehn, Brigham Young University
Session type: contributed
1. Dynamic Effects of Parental Leave Policy on Female Labor Market Outcomes
By Shintaro Yamaguchi; McMaster University
presented by: Shintaro Yamaguchi, McMaster University
2. Gender Differences in Preferences for the Workplace and College Major Choice
By Matthew Wiswall; Arizona State University Basit Zafar; Federal Reserve Bank of New York
presented by: Basit Zafar, Federal Reserve Bank of New York
3. Internal Migration in Dual Labor Markets
By Joan Llull; MOVE, Universitat Autònoma de Barcelona and Barcelona GSE Robert Miller; Carnegie Mellon University
presented by: Joan Llull, MOVE, Universitat Autònoma de Barcelona and Barcelona GSE
4. Labor Market Polarization, the Decline of Routine Work and Technological Change: A Quantitative Evaluation
By Christian vom Lehn; Brigham Young University
presented by: Christian vom Lehn, Brigham Young University
Session ID 237: Semiparametric and Nonparametric Methods August 21, 2015 14:15 to 16:15 Palais Westin
Session Chair: Min Seong Kim, Ryerson University
Session type: contributed
1. The Influence Function of Semiparametric Estimators
By Hidehiko Ichimura; University of Tokyo Whitney Newey; Massachusetts Institute of Technology
presented by: Whitney Newey, Massachusetts Institute of Technology
2. Optimal Sup-norm Rates, Adaptive Estimation and Inference in Nonparametric Instrumental Variables Estimation
By Timothy Christensen; New York University Xiaohong Chen; Yale University
presented by: Timothy Christensen, New York University
3. Adaptive Bayesian Estimation of Conditional Densities
By Andriy Norets; Brown University
presented by: Andriy Norets, Brown University
4. Improved Testing Procedure for Kernel Methods With Time Series Data
By Min Seong Kim; Ryerson University Yixiao Sun; University of California, San Diego Jingjing Yang; University of Nevada, Reno
presented by: Min Seong Kim, Ryerson University
Session ID 243: Quantile Regression August 21, 2015 14:15 to 16:15 Beaver Hall Westin
Session Chair: Chuan Goh, University of Wisconsin Milwaukee
Session type: contributed
1. Smoothed Estimating Equations for Instrumental Variables Quantile Regression
By David Kaplan; University of Missouri Yixiao Sun; University of California, San Diego
presented by: David Kaplan, University of Missouri
2. Direct Nonparametric Conditional Quantile Estimation
By Jeffrey Racine; McMaster University
presented by: Jeffrey Racine, McMaster University
3. Quantile Treatment Effects in Difference in Differences Models With Panel Data
By Brantly Callaway; Vanderbilt University Tong Li; Vanderbilt University
presented by: Brantly Callaway, Vanderbilt University
4. Quantile-regression Inference With Adaptive Control of Size
By Juan Carlos Escanciano; Indiana University Chuan Goh; University of Wisconsin Milwaukee
presented by: Chuan Goh, University of Wisconsin Milwaukee
Session ID 254: Financial Econometrics August 21, 2015 14:15 to 16:15 Ste-Helene Westin
Session Chair: Ravi Sastry, Southern Methodist University
Session type: contributed
1. A Realized RSDC Model
By Denis Pelletier; North Carolina State University Aymard Kassi; North Carolina State University
presented by: Denis Pelletier, North Carolina State University
2. Multivariate Variance Ratio Statistics
By Seok Young Hong; University of Cambridge Oliver Linton; Universit of Cambridge Hui Jun Zhang; McGill University
presented by: Hui Jun Zhang, McGill University
3. What Drives the Yield Curve?
By Dennis Kristensen; University College London Oliver Linton; Universit of Cambridge Michel van der Wel; Erasmus University Rotterdam
presented by: Michel van der Wel, Erasmus University Rotterdam
4. Efficient Factor Identification
By Ravi Sastry; Southern Methodist University
presented by: Ravi Sastry, Southern Methodist University