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the royal economic society annual conference 2011

2 0 1 1 p r o g r a m m e o v e r v i e w

Monday 18th April 2011 Tuesday 19th April 2011 Wednesday 20th April 2011

09:00 Conference Registration Opens Windsor Foyer

Conference Registration Opens Windsor Foyer09:15

09:30

General Sessions 2 General Sessions 5

09:45

10:00

10:15

10:30

10:45

11:00 Tea & Coffee Windsor Tea & Coffee Windsor11:15

Sargan Lecture: Rosa Matzkin (UCLA)

Windsor Auditorium

Hahn Lecture: Jean Tirole (TSE)

Windsor Auditorium

11:30

11:45

12:00 Conference Registration Opens Windsor Foyer12:15

12:30Buffet Lunch Windsor

Buffet Lunch Windsor

RES Prize Windsor Auditorium12:45


13:00

13:15

13:30

General Sessions 1 Special Sessions B

13:45

Special Sessions C

14:00

14:15

14:30

14:45

15:00Tea & Coffee Windsor

General Sessions 3

15:15 Tea & Coffee Windsor15:30 Economic Journal Lecture:

Vincent Crawford (Oxford & UCSD)

Windsor Auditorium

General Sessions 6

15:45

16:00

16:15



RES Annual General Meeting Windsor Auditorium

17:00

General Sessions 417:15

17:30

17:45

Special Sessions A

18:00CeMMAP Session on Foundations of Revealed Preference: Sydney Afriat (Università di Siena), Erwin Diewert (UBC) and Hal Varian (UC Berkeley)

Windsor Auditorium

18:15

18:30

18:45

19:00

19:15

Buffet Dinner Windsor

19:30Royal Economic Society Reception Windsor Foyer

19:45

20:00

20:15

20:30 Royal Holloway’s Ensemble in residence: CHROMA - Tango plus

Royal Economic Society Gala Dinner Founder’s & the Hub Dining Hall

20:45

21:00

Jazz@RHUL: Undergraduated Quartet & Bar open

Medicine Bar

21:15

21:30

21:45

22:00

22:15

22:30 Bar open Medicine Bar

22:45

23:00

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c o n t e n t s 2 0 1 1

Programme overview

The Royal Economic Society 4

The Department of Economics 6

Royal Holloway 8

The surroundings 9

Organisers and committees 12 – 13

Exhibitors and sponsors 16

General information 17

Social events 22 – 23

Programme overview 24

Keynote sessions 25 – 27

Special sessions 28 – 31

General sessions 32 – 72

Meetings at the RES 73

Index of presenters 74

Map of the campus Back cover

2

Contact: The Office of the Secretary-General, Royal Economic Society School of Economics and Finance, University of St Andrews

St. Andrews, Fife, KY16 9AL. UK

Telephone: +44 (0) 1334 462479; Fax: +44 (0) 1334 462444:

E-mail: [email protected]

• has a Membership scheme whereby anyone in the world who is interested in the study of economics can join with reduced three-year student rates

• supports and funds conferences and workshops where lectures and discussions on economic subjects take place

• publishes The Economic Journal and The Econometrics Journal, provided to all Society members, including online access

• provides briefings summarising new economic research findings presented at its annual conference and published in each issue of The Economic Journal via its website and media consultant

• has published a quarterly Newsletter free for members for over 20 years with articles of topical interest, correspondence on matters of concern to economists, and news about research.

and

• assists postgraduate students to attend its Annual Conference, to present and discuss their research

• awards annual one-year Junior Fellowships for a number of third and fourth year students undertaking teaching and research.

• supports and funds the Conference of Heads of University Departments of Economics (CHUDE)

• funds an annual Postgraduate Conference and Job Market for PhD students seeking academic jobs in the UK, Europe and the rest of the world

• supports a Women’s Committee to promote the role of women in the UK economics profession and funds a biennial investigation into the position of women in economics

• assists its members financially through a number of funding schemes, from the Conference Grant Scheme for those presenting papers at a conference and unexpected small academic expenses through its Small Budget Award Scheme as well as the Visiting Lecturer Scheme and Special Projects Grant Scheme

• awards the Austin Robinson Memorial Prize for the best paper published in The Economic Journal by an author who is within five years of completing their PhD

• awards the annual RES Prize to the author of the best (non-solicited) paper published in the Economic Journal

For more information on the Royal Economic Society please go to www.res.org.uk

Did you know that

The Royal Economic Society

3

The Seventh PhD Presentation Meeting and Job Market will

be held in January 2012 at Queen Mary University of London.

The aim of the event is to provide a service both for UK and

European university economics departments wishing to

recruit lecturers, and for PhD students seeking academic

jobs in the UK or elsewhere in Europe. This annual meeting

has grown to be an extremely successful event, well

supported by both students and potential employers.

The event consists of two days of students’ presentations

and poster sessions. Participating institutions attend these

presentations and are also allocated a table at the

conference site in order to arrange individual appointments

with participating students during the course of the conference.

S E V E N T H R O YA L E C O N O M I C S O C I E T Y

P h D P R E S E N T A T I O N M E E T I N G

a n d J O B M A R K E T

Further information can be found on the RES website

www.res.org

or

Please contact:

The RES Administrator, Mrs Amanda Wilman at

[email protected]

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2 0 1 1 a n n u a l c o n f e r e n c e

Royal Economic Society

The Royal Economic Society was founded in 1890 to promote and foster the study of economic science

Today, the main objectives of the Society are:

• To ensure that its scientific journals are regularly published, widely read and circulated, have high impact and attract an adequate supply of high-quality papers from an international range of authors.

• To organise an Annual Conference, and to ensure that it provides an excellent forum for both general lectures and more specialised presentations.

• To provide younger members of the Society with adequate support to enable them to undertake and disseminate their research, attend conferences and workshops and enhance their professional skills.

• To enable those in schools to learn about economics, particularly its applications and to foster the development of their own skills in economic reasoning and understanding.

The Society provides financial support to individuals and academic bodies to assist in the progress and further study of economics. Grants are provided to perform projects that conform to the Society’s objectives and enable recipients to meet research expenses and the costs of attendance at conferences where they are presenting the results of their research.

Details of the Council’s policies on awarding grants, fellowships and prizes are published on the Society’s website.

In particular, the Society assists postgraduate students to attend the RES Annual Conference, to present and discuss their research and provides annual one-year fellowships for a number of third and fourth year students undertaking teaching and research.

For further details on the Royal Economic Society please go to www.res.org.uk

RES ANNUAL GENERAL MEETING Time: 16.45 - 00.00

Monday 18 April 2011 Location: Windsor Auditorium

All Members are invited to attend and have been mailed the agenda in advance.

Awarding of the RES prize

Wednesday 20 April 2011 Time: 12.30 – 12.45

5

The second Autumn School organised by the Royal Economic Society, with

financial support from the Economic and Social Research Council, will be

held at The University of Birmingham from Sunday 11th September 2011 –

Thursday 15th September 2011. The School is intended primarily for advanced

postgraduate students doing doctoral research but is also open to members

of the teaching and research staff. The purpose is to enable participants

to become acquainted with the latest developments in the selected fields

of economics, to have the opportunity for study and discussion with an

internationally renowned expert in the topics covered, and to meet other

young researchers.

In 2011, the subject of the school will be Industrial Organization.

The lecturers will be Professor John Sutton (LSE) and

Professor Chad Syverson (Chicago). Further information can be found at

http://www.economics.bham.ac.uk/events/index.shtml.

Places are available for 25 resident participants. Accommodation and meals

will be provided for the duration of the course. Nominations must be made

through the applicant’s Head of Department and should be supported by

a short CV, a reference, and a note on the applicant’s research interests.

Applications should be submitted no later than Friday 10th June 2011 by

post to the Royal Economic Society Easter School Secretary, Department of

Economics, The University of Birmingham, Edgbaston, Birmingham, B15 2TT

or by email: [email protected]. Successful applicants will be

informed in July 2011.

The Royal Economic Society

2011 Autumn School

At The University of Birmingham

For more information on the Royal Economic Society

www.res.org.uk

6

Royal Holloway Department of Economics

The Department of Economics at Royal Holloway and Bedford New College is one of the leading research and teaching departments in the London area. The College is one of the larger colleges of the University of London, and was established in 1886. Queen Victoria presided over the grand opening ceremony. The University of London itself was founded in 1836. The Department of Economics, however, was founded later, in 1995. It has been able to combine the vitality and innovation of a new department with the traditional academic strengths of a long-established college and university.

The department is among the top departments in the UK for Research Excellence. In the 2008 Research Assessment Exercise (RAE), 80% of the Department’s research submitted was ranked as world-leading or internationally excellent (rated 3* and 4*).

2 0 1 1 a n n u a l c o n f e r e n c e

http://www.rhul.ac.uk/economics/home.aspx

7An ESRC Research Centre

For additional events and breaking news see

www.cemmap.ac.uk

events 2011courses

workshops and symposia

masterclasses

Introductory Microeconometrics | Panel/Longitudinal Data Analysis | Policy EvaluationMethods | Microsimulation | Discrete Choice Modelling | Econometric Estimation of FrontierFunctions and Economic Efficiency | Dynamic Econometric Models | Panel Time Series

8 April A cemmap workshop:Survey response error and statistical modellingLocation: IFS, London

Organised by: Christopher Bollinger (Kentucky) and Stephen Pudney (ISER)

Speakers include: • Christopher Bollinger (Kentucky) • Adeline Delavande (Lisboa / RAND) • Maarten Lindeboom (Tinbergen /

Free University / Virginia) • Charles Manski (Northwestern) • Mario Padula (Università Ca’ Foscari

di Venezia) • John Pepper (Virginia) • Stephen Pudney (ISER)

19 April RES 2011 conference special session:Foundations of revealed preferenceLocation: Royal Holloway, University of London

Speakers:• Sydney Afriat (Siena)• Erwin Diewert (British Columbia)• Hal Varian (UC Berkeley)

5–6 May 2011David Easley (Cornell) and Maureen O’Hara (Cornell)A joint cemmap / ELSE masterclass Market Microstructure and Asset PricingLocation: UCL, London

27 April A cemmap workshop supported by the European Research Council: Advanced techniques for robust methodologyLocation: IFS, London

Organised by: Oliver Linton (LSE)

Confirmed speakers:• Roger Koenker (Illinois)• David Mason (Delaware)• Yoon-Jae Whang (Seoul National)

4 May A joint cemmap / else workshop: Advances in market microstructures Location: UCL, London

Organised by: Antonio Guarino (UCL)

23–24 JuneA joint cemmap / Northwestern Center for Econometrics conference in honour of Joel HorowitzLocation: UCL, London

Organised by: Xiaohong Chen (Yale), Simon Lee (cemmap / UCL), Oliver Linton (LSE) and Elie Tamer (Northwestern)

Speakers include:• Donald Andrews (Yale) • Richard Blundell (IFS / UCL) • Federico Bugni (Duke) • Ivan Canay (Northwestern) • Yoosoon Chang (Indiana) • Victor Chernozhukov (MIT) • Andrew Chesher (cemmap / UCL) • Russell Davidson (McGill) • Gary Fethke (Iowa) • Wolfgang Härdle (CASE) • Roger Koenker (Illinois) • Enno Mammen (Mannheim) • Charles Manski (Northwestern) • Rosa Matzkin (UCLA) • George Neumann (Iowa) • Whitney Newey (MIT) • Joon Y. Park (Indiana) • Adam Rosen (cemmap / UCL) • Richard Smith (Cambridge) • Vladimir Spokoiny (Humboldt /

Weierstrass Institute) • Axel Werwatz (Technische Universität

Berlin)

14–15 April 2011Victor Chernozhukov (MIT)High Dimensional Econometric ModellingLocation: SOAS, University of London

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2 0 1 1 r o y a l h o l l o w a y

The University

Royal Holloway, University of London was founded by two Victorian visionaries, Elizabeth Jesser Reid and Thomas Holloway. Both played a crucial role in the development of equality in education through the creation of two colleges for women, Bedford College in central London in 1849, and Royal Holloway College in Surrey in 1879. Their foresight and philanthropy have ensured opportunities for many generations of students.

Thomas Holloway was a self-made multi-millionaire whose fortune had been made in patent medicines. He founded Royal Holloway College in 1879 after initiating a public debate inviting suggestions as to ‘How best to spend a quarter of a million or more’. It was his wife Jane who suggested a college for women as the means by which Holloway’s money might effect ‘the greatest public good’. Royal Holloway College, largely inspired by the Chateau of Chambord in the Loire Valley, was opened by Queen Victoria in 1886. Built around two quadrangles, today it continues to impress as much by its size as by the exuberance of the roofline with its many towers and turrets. As solid as it is extravagant, it epitomises the wealth, optimism and spirit of philanthropy so characteristic of the Victorian age. It continues to provide a home for the Royal Holloway Collection - a Picture Gallery of Victorian art that was the final touch to Holloway’s generous endowment.

In 1900, both Bedford and Royal Holloway were admitted as Schools of the University of London. The newly merged Royal Holloway and Bedford New College was inaugurated in 1986 by Her Majesty The Queen as a ceremony in the College Chapel. The merger provided more academic diversity and strength as well as greater financial security. It also preserved the pursuit of innovation and excellence which characterised the Founders of the two parent colleges.

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t h e s u r r o u n d i n g s 2 0 1 1

The surroundings

The Runnymede area is famously known as the location for the signing of the Magna Carta. It was sealed by King John at Runnymede in June 1215 just down the hill from Royal Holloway. The location beside the River Thames is described in the charter as ‘in the meadow that is called Runnymede, between Windsor and Staines.’ Runnymede was chosen because it was a conveniently large meeting place close to Windsor Castle where the King and his entourage came from for the negotiations.

The College is located just a few minutes walk from Windsor Park and only 6 miles from Windsor Castle. Windsor is the oldest and largest occupied castle in the world and the Official Residence of Her Majesty The Queen. Its rich history spans almost 1000 years. The Castle covers an area of about 5 hectares (13 acres) and contains magnificent State Apartments furnished with treasures from the Royal Collection, St George’s Chapel (one of the most beautiful ecclesiastical buildings in England and the burial place of 10 monarchs), and Queen Mary’s Dolls House, a masterpiece in miniature.

Attractions in Surrey

Savill Garden www.theroyallandscape.co.uk/landscape/savillgarden/

Eton College www.etoncollege.com/VisitsToEton.aspx

Ascot Racecourses www.ascot.co.uk/royal/royal10.html

Kew Botanic gardens www.kew.org/

Hampton Court Palace www.hrp.org.uk/hamptoncourtpalace/

Brooklands (Concorde) Museum www.brooklandsmuseum.com/

Legoland www.legoland.co.uk/

Thorpe Park www.thorpepark.com/

RHS Gardens, Wisley www.rhs.org.uk/Gardens/Wisley

For information on how to get around by train please consult: Nationalrail www.nationalrail.co.uk/

For more information about what’s on in London, please see: Visit London Website www.visitlondon.com/

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JournalHigh quality research in allfields of econometrics

Accepted papers publishedonline immediately

Rapid turnaround forsubmitting authors

Wide internationalreadership

Econometrics

RO

YAL

ECONOMIC SOCIETY FOUNDED 1890

AMOR URGENT HABENDI

For more information visit

www.ectj.org

The

Managing Editor Richard J. Smith, University of Cambridge

Co-Editors Jianqing Fan, Princeton University, Oliver Linton, London School of Economics,

Pierre Perron, Boston University, Jean-Marc Robin, Université Paris, I Panthéon-Sorbonne,

Paris School of Economics, University College London.

11

JournalHigh quality research in allfields of econometrics

Accepted papers publishedonline immediately

Rapid turnaround forsubmitting authors

Wide internationalreadership

Econometrics

RO

YAL

ECONOMIC SOCIETY FOUNDED 1890

AMOR URGENT HABENDI


www.ectj.org

The

Managing Editor Richard J. Smith, University of Cambridge

Co-Editors Jianqing Fan, Princeton University, Oliver Linton, London School of Economics,

Pierre Perron, Boston University, Jean-Marc Robin, Université Paris, I Panthéon-Sorbonne,

Paris School of Economics, University College London.

High quality papers ontheoretical, empirical and appliedtopics

2009 Impact Factor: 1.902

Rapid turnaround for submittingauthors

At the forefront of its field for120 years

T H EE C O N O M I C

J O U R N A L

ROY

AL ECONOMIC SOCIETY FOUNDED 1890

AMOR URGENT HABENDI

THE JOURNAL OF THE ROYAL ECONOMIC SOCIETY


www.res.org.uk/economicjournal

EditorsAntonio Ciccone, Rachel Griffith (Managing Editor), Steve Machin (Features Editor),David Myatt, Jörn-Steffen Pischke

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2 0 1 1 o r g a n i s e r s a n d c o m m i t t e e s

Conference Secretary

Gareth Myles University of Exeter and Institute for Fiscal Studies

Programme Chair

Rachel Griffith University of Manchester and Institute for Fiscal Studies

Local Organizers / Deputy Programme Chairs

Melanie Luhrmann Royal Holloway, University of London and Institute for Fiscal Studies

Juan Pablo Rud Royal Holloway, University of London

Media

Romesh Vaitilingam RES media consultant

Aditya Chakrabortty Conference Rapporteur, The Guardian

Programme Committee

Johannes Abeler University of Nottingham

Jerome Adda European University Institute

Yunus Aksoy Birkbeck College, University of London

Rosella Argenziano University of Essex

Jesper Bagger Royal Holloway, University of London

Oriana Bandiera London School of Economics

Jean-Pierre Benoit London Business School

Andrea Buraschi Imperial College London

Pedro Carneiro University College London

Arnaud Chevalier Royal Holloway, University of London

Francesca Cornaglia Queen Mary, University of London

Nicholas Crafts University of Warwick

Gianni de Fraja University of Leicester

Huw Dixon Cardiff Business School

Peter Dolton Royal Holloway, University of London

Marcel Fafchamps Oxford University

Andrea Galeoti University of Essex

Sotiris Georganas Royal Holloway, University of London

Rafaella Giacomini University College London

Chryssi Giannitsarou University of Cambridge

Richard Green University of Birmingham

Antonio Guarino University College London

Maia Guell University of Edinburgh

Vassilis Hajivassiliou London School of Economics

Andrew Harvey University of Cambridge

Tim Hatton University of Essex

Mireia Jofre-Bonet City University London

John Knowles University of Southampton

Victor Lavy Royal Holloway, University of London

Clare Leaver Oxford University

Rocco Macchiavello University of Warwick

Marco Manacorda Queen Mary, University of London

Claudio Mezzetti University of Warwick

Alex Michaelides London School of Economics

Karen Mumford University of York

Patrick Nolen University of Essex

Gerard Padro I Miquel London School of Economics

Fabien Postel-Vinay University of Bristol

Morten Ravn University College London

Helene Rey London Business School

Robert Sauer University of Bristol

Kim Scharf University of Warwick

Kevin Sheppard Oxford University

Sarah Smith University of Bristol

Ran Spiegler University College London

Paul Temple University of Surrey

Katrin Tinn Imperial College London

Ija Trapeznikova Royal Holloway, University of London

Tommaso Valletti Imperial College London

Fabian Waldinger University of Warwick

Horst Zank University of Manchester

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o r g a n i s e r s a n d c o m m i t t e e s 2 0 1 1

Conference Assistants

Akhila Agniohotri

Andrew Aitken

Junaid Arshad

Zhuldyz Bazilova

Saman Bhatti

Paul Blakemore

Chiara Rosazza Bondibene

John Bunge

Alexander Danzer

Natalia Danzer

Alena Dyussembayev

Domagoj Fizulic

Eleftherios Giovanis

Viviana Gonzalez

Omer Khan

Sarah Khan

Gabrielle Ko

Nazgul Kozhakhmetova

Linda Lamthong

Sze Yeung Lau

Uih Ran Lee

Li Lin

Rodrigo Lluberas

Lei Lu

Vusal Musayev

Sabrina Purser

Nanin Rai

Sandra Polanía Reyes

Cinzia Rienzo

Sefi Roth

Alessandro Sontuoso

Roman Uzzhumtsev

Muhammed Vali

Elena Vergou

Tanya Wilson

Administrative Support

Sam Furr Royal Holloway, University of London

Nirusha Vigi University College London

RES Council

President: Professor R Blundell

Past President: Sir John Vickers

Vice-Presidents: Sir Tony Atkinson, Lord Burns, Sir P Dasgupta, F H Hahn, J M Hardie, Sir David Hendry, Sir James Mirrlees, S J Nickell, R Portes, P Rowlatt, A K Sen, A Silberston, J Sutton.

To hold office until AGM 2011:

R Griffith, J O’Neill, A Persaud, P Rice, K Rockett, J. Temple


S Flanders, M H Pesaran, Lord Skidelsky, E Berglöf, J P Thomas, C Meghir


C Giles, P A Grout, G Laroque, H Rey, D C Webb, H. Peyton Young


S Burgess, N Crafts, S Dale, D Miles, M Stevens, C Waddams


M Armstrong, K Blackburn, P Mason, D Ramsden, L Reichlin, P Wallace

Secretary-General: J Beath

Honorary Treasurer: M Robson

New to OxfOrd UNiversity Press

in 2011the Quarterly Journal of economics

and the review of economic studies

1

www.qje.oxfordjournals.org www.restud.oxfordjournals.org

Ensure you never miss an issue of QJE and REStud and register for table of contents alerts today:

www.oxfordjournals.org/register

16

2 0 1 1 e x h i b i t o r s a n d s p o n s o r s

www.jobs.ac.uk University of Warwick, Coventry, CV4 7AL, United Kingdom

Oxford University Press, www.oup.com

Oxford Journals, AcExhibitions.uk, Office E130, Great Clarendon Street, Oxford, OX2 6DP, UK

Palgrave Macmillan, www.palgrave.com

Houndmills, Basingstoke, Hampshire, RG21 6XS, United Kingdom

Pearson Education, www.pearson.com

Edinburgh Way, Harlow, Essex CM20 2JE, UK

Pro Bono Economics, www.probonoeconomics.com

Oasis Centre, 75 Westminster Bridge Road, Lambeth, London SE1 7HS, UK

The Regional Studies Association, www.regional-studies-assoc.ac.uk/index.asp

PO Box 2058 Seaford BN25 4QU

Southwestern University of Finance and Economics (SWUFE), www.swufe.edu.cn

555 LiuTai Avenue, WenJiang District, Chengdu 610074, Sichuan, P.R. China

T and F Academic, www.taylorandfrancisgroup.com

PO Box 7044, Sheepen Place, Colchester, Essex, CO3 3WQ, UK

The MIT Press, http://mitpress.mit.edu

Suite 2, 1 Duchess Street, London, W1W 6AN, UK

The University Press Group, http://press.princeton.edu/

1 Oldlands Way, Bognor Regis, PO22 9SA, UK

Timberlake, www.timberlake.co.uk

Unit B3, Broomsleigh Business Park, Worsley Bridge Road, London, SE26 5BN,UK

Wiley-Blackwell, www.wiley.com

9600 Garsington Road, Oxford, OX4 2DQ, United Kingdom

W W Norton & Company Ltd, www.wwnorton.co.uk

Castle House, 75/76 Wells St, London, W1T 3QT, United Kingdom

Cambridge University Press, www.cambridge.org

University Printing House, Shaftesbury Road, Cambridge CB2 8BS, United Kingdom

Cengage Learning EMEA, www.cengage.co.uk

Cheriton House, North Way, Andover, SP10 5BE, United Kingdom

Gazelle Book Services, www.gazellebookservices.co.uk

White Cross Mills, Hightown, Lancaster, LA1 4XS, United Kingdom

Institute for Fiscal Studies, www.ifs.org.uk,

7 Ridgmount Street, London, WC1E 7AE, United Kingdom

The University of Chicago Press, www.press.uchicago.edu/

1427 East 60th St. / Chicago, IL 60637 / U.S.A

17

g e n e r a l i n f o r m a t i o n 2 0 1 1

Arrival orientation and registration - The Windsor building is building number 2 in the centre of the campus map.

Sessions and Presentations - All rooms will have a laptop and computer projection facilities, therefore each presenter is asked to bring their presentation material on a flash drive. In each room, the laptop will have the Microsoft Office suite of programmes plus a pdf reader.

Typically, General Sessions will be 90 minutes in length, with four speakers per session. Each speaker is expected to restrict their presentation to around 20 minutes including questions and answers. The last speaker in each session has been assigned as session chair.

Information and fire assembly points - In the event of fire delegates inside the Windsor and Management building should follow the green signs outside the building to fire assembly point 2. Delegates in the Arts building should follow green signs out the building to fire assembly point 10.

First Aid and Emergency Services - Should you require first aid you should go directly to the registration desk in the Windsor building where assistance will be summoned. Emergency services can be contacted by dialing 444 whilst on the University campus. If you are located anywhere else the UK dialing code for the emergency services is 999 and you can dial from any mobile or landline telephone without charge.

Internet and telephones - Wireless internet can be used throughout the campus in the Windsor building, Management building or in the catering outlets the HUB and Crosslands (located inside Founders building). The universal username and password is available in the Windsor Building.

Printing and Office services - Whilst at the conference no printing will be done at the registration desk, any delegates wishing to use PCs in order to print material can do so in the Computer Centre next to the Management Building. Small quantities of photocopying can be done at the registration desk.

Conference Press Office - The conference Press office is located in the Arts Building room G003.

College Shop - The College shop is open 8:00 until 17:00 on the days of the conference. A Tesco supermarket is located at number 60 on the High Street, open 7:30am until 10:00pm.

Banking - ATM machines are available in the Natwest branch open throughout the duration of the conference. The branch is located opposite the entrance to the Windsor building in the direction of the Founders building (see campus map).

Campus Bar - The Medicine Bar is open until 12 midnight on Monday and Tuesday evenings. (See campus map)

Phone calls - the international dialing code for the UK is +44. If you are receiving a call from abroad to a landline then the person dialing out must replace the first number in the area code (this is always a 0) with 0044. For example a call to Egham in Surrey within the UK begins 01784, from outside the UK the code is 0044 1784.

Payphones are available to use in the Founders building. No delegates will have use of the phone on the conference registration desk or HUB reception.

***Important note about UK Power****

The UK uses 240v power supply, no provision will be made by conference organizers to supply power converters therefore if you are bringing electrical equipment delegates must bring a power plug converter.

Leisure facilities on campus - Guests staying within the University accommodation will have complimentary use of the leisure facilities on campus including gymn. Facilities are located behind the Gowar and Wedderburn Halls.

19

For your bookshelf

For your research

For your students

Economics at Palgrave Macmillan

www.palgrave.com/economics

20

The Denis Sargan Econometrics Prize

The Econometrics Journal on behalf of the Royal Economic Society intends to initiate The Denis Sargan Econometrics Prize.

The prize will be awarded for the best (unsolicited) article published in The Econometrics Journal in a given year by anyone who is within five years of being awarded their doctorate. An honorarium of £1000 will be awarded to the winning author.

The winner of The Denis Sargan Prize will be chosen by The Econometrics Journal Editorial Board (Managing Editor and Co-Editors) and the prize awarded in the year following publication of the winning article. The first award of the prize will be for an article published in The Econometrics Journal during 2011. If an article of sufficient quality is not forthcoming in a given year the prize would not be awarded.

The Denis Sargan Econometrics Prize commemorates the fundamental contributions to and profound influence on econometrics made by (John) Denis Sargan. Denis Sargan, after periods spent at the Universities of Leeds, Minnesota and Chicago, was appointed initially as Reader in Econometrics and then held the Chair of Econometrics at the London School of Economics and Political Science from 1963 until 1984. He was Tooke Professor of Economic Science and Statistics from 1982 until his retirement in 1984 and was President of the Econometric Society in 1980. Denis Sargan died in 1996.

Denis Sargan’s research was prescient anticipating many of the themes that now dominate the econometrics literature. His 1964 Colston paper “Wages and prices in the United Kingdom: A study in econometric methodology” introduces the error correction mechanism that underpins much macroeconomic empirical research. Modern concerns with near identification are reflected in Denis Sargan’s Presidential Address to the Econometric Society in 1980 published as “Identification and lack of identification” in Econometrica in 1983. He made a number of seminal and substantive contributions to research on the estimation of linear simultaneous equations and instrumental variables models that also feature centrally in current econometric enquiry. His investigations into exact finite sample properties of econometric estimators and statistics and the development of improved asymptotic approximations to their small sample behaviour reflected his deep concern with the accuracy of econometric inferences.

Interested readers might also like to consult

Sargan, J.D. Contributions to Econometrics. Volumes 1 and 2. (1988) Cambridge: Cambridge University Press.

Obituary. Desai, M.J., Hendry, D.F., and G.E. Mizon “JOHN DENIS SARGAN”, Economic Journal (1997), Vol. 107, Issue 443, 1121-1125.

Memorial Issue of Econometric Theory dedicated to John Denis Sargan 1924-1996. Econometric Theory (2003), Vol. 19, No. 3, 416-514.

ET Interviews: Professor J. D. Sargan. Econometric Theory (1985), Vol. 1, No. 1, 119-139.

The Society introduced the prize in 1990, the year of the Centenary Volume, and awarded it to the author of the best (non-solicited) paper published in The Economic Journal over the two-year period 1988-89. This format for the

prize continued until 1995 and in 1996 the prize was awarded annually and the money was increased to £3000. A small committee consisting of the President, the Managing Editor of The Economic Journal and one member of the Society Council appointed by them, awards the prize in the year following publication.

The 2010 RES Prize for the best non-solicited paper published in The Economic Journal has been awarded to Kevin J. Lansing of the Federal Reserve Bank of San Francisco,

for his paper “Rational and Near-Rational Bubbles Without Drift”, vol 120: Issue 549, pp1149-1174, December 2010.

The next Royal Economic Society Prize of £3,000 will be for the best paper in The Economic Journal for the year 2011. A list of previous awards can be found on the

RES website www.res.org.uk.

The Royal Economic Society Prize

The Austin Robinson Memorial Prize was introduced in 2007 for the best paper published in The Economic Journal by an author who is within five years of completing their PhD. The prize, chosen by the Economic Journal editors,

is given annually and is worth £2,000.

The 2010 Austin Robinson Memorial prize has been awarded to Manuel Oechslin of the World Trade Institute, for his paper

“Government Revenues and Economic Growth in Weakly Institutionalised States” (Vol 120: Issue 545, pages 631–650, June 2010)

The next Austin Robinson Memorial Prize of £2,000 will be for the best paper published in The Economic Journal by an author within five years of completing their

PhD for the year 2011. A list of previous awards can be found on the RES website www.res.org.uk.

The Austin Robinson Memorial Prize

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2 0 1 1 s o c i a l e v e n t s

Monday 18 April 2011, 18:30 – 21:30

Tango+ by CHROMA Location: Windsor Auditorium

Manuel de Falla Canciones Populares Espagnoles Charlie Piper Bordello (written for CHROMA premiered Kettle’s Yard 16 May 2010)

Astor Piazzolla Milonga del Angel

David Bruce Saudades (commissioned by CHROMA, premiered Ilford Cloister 25 June 2010)

Mark Bowden Root of the Wind (written for CHROMA premiered Kettle’s Yard 16 May 2010)

Astor Piazzolla Libertango

Stuart King (clarinet) Karen Street (accordion) Tom Hankey (violin) Oliver Wilson (viola) Clare O’Connell (cello) Elena Hull (bass)

producer - Claire Shovelton [email protected]

Founded in 1997, CHROMA is a dynamic, critically acclaimed chamber ensemble featuring some of Britain’s most outstanding musicians, known for the passion it brings to contemporary works, its vivid renderings of classic pieces and its diverse participation/learning activity. CHROMA is resident at Cardiff University and Royal Holloway University of London.

Following its debut at the Purcell Room CHROMA has become most closely associated with the performance of contemporary music and has forged close links with many prominent British composers through many premières and collaborations.

Recent world premières include CHROMA commissions from Julian Grant - Strike Opponent’s Ears With Both Fists, Arlene Sierra - Surrounded Ground, David Bruce Saudades, Dominic Shovelton El Ingles and Philip Cashian Aquila. Premieres written for CHROMA in last year include Mark Bowden The Root of The Wind, Andrew Hamilton Product #2 and Charlie Piper Bordello (commissioned by C3/Kettle’s Yard), Mark Bowden the radiant dark (RHUL), Mark Yeats schlink’s approximation (Manchester Pride). Recent EU premieres include David Bruce’s Piosenki and Gumboots, and Out of the Cradle Endlessly Rocking by Per Nørgård.

New works in 2011 include ROH2 OperaShots at the Linbury - Stewart Copeland/Anne Dudley double bill; a commission from Marcus Barcham- Stevens - in a programme with EU premiere of David Bruce’s The North Wind Was A Woman; pieces by composers at the Royal Academy of Music, Guildhall School of Music & Drama, Royal Holloway University of London; and clarinet/viola/accordion/electronica pieces by Erick Flores, Jessica Aslan, Jan Hendrickse, Hugo Morales, Philip Dawson and Joseph Davies for premiere at Soundwaves Festival, Brighton in July.

Recent Press Reviews:“a tantalising playfulness leaves you feeling exhilarated, if a little clumsy by comparison”

Guy Dammann The Guardian 2010

“the top-notch chamber ensemble CHROMA” Erica Jeal, The Guardian

Monday 18 April 2011, 21:00 – 23:45

Undergraduated Quartet Location: Medicine Bar (next to the HUB)

Chris Whiter (saxophone) Oliver Cross (bass)

Jake Gill (guitar) Adam Williams (drums)

Showcasing the very best of young jazz talent at Royal Holloway, the Undergraduated Quartet offer an eclectic mix of jazz and latin music. Between them, the players of the quartet perform regularly in venues around Egham, London and Oxford in various groups, and are highly skilled in a range of styles.

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Tuesday 19 April 2011, 19:30 – 20:30

Reception Location: Windsor Building

All delegates are invited to the reception in the Windsor Foyer by the Royal Economic Society.

Tuesday 19 April 2011, 20:30 – 22:30

Gala Dinner Location: Founders Dining Hall / HUB Dining Hall

The guests attending dinner will be in either the Founders Dining Hall, for which you will be issued a Red place card. Or you will be seated in the HUB Dining Hall, for which you will be issued a Blue place card. Cards may be swapped with colleagues should you wish to change location. However once a location has filled to capacity staff on the doors will not allow further guests to dine in a location that is full.

Menu

Melon

Fresh fanned melon with slices of Parma ham or served with cheese (V)

•••

Roast Gressingham Duck Breast

Gressingham Duck Breast, roasted and served medium rare with an orange and ginger sauce roasted potatoes and vegetables.

Roast Parsnips with Chestnut Bubble & Squeak (V)

Oven-roasted parsnips served on a bed of chestnut bubble & squeak

•••

Duo of Chocolate Mousse

Home-made plain and white chocolate mousse.

Guided Tours

Guided tours of the campus including the picture gallery and the chapel will take place during the conference at the following times:

Monday 10:00-11:00

Tuesday 15:00-16:00

Wednesday 14:00-15:00

Guide: Richard Williams

Free of charge

Please meet in front of the conference banners outside the Windsor building. Tours leave promptly at the allotted time and will be on a first come first serve basis (max 35 per tour).

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2 0 1 1 p r o g r a m m e o v e r v i e w

Monday 18th April 2011 Tuesday 19th April 2011 Wednesday 20th April 2011

09:00 Conference Registration Opens Windsor Foyer

Conference Registration Opens Windsor Foyer09:15

09:30

General Sessions 2 General Sessions 5

09:45

10:00

10:15

10:30

10:45

11:00 Tea & Coffee Windsor Tea & Coffee Windsor11:15

Sargan Lecture: Rosa Matzkin (UCLA)

Windsor Auditorium

Hahn Lecture: Jean Tirole (TSE)

Windsor Auditorium

11:30

11:45

12:00 Conference Registration Opens Windsor Foyer12:15

12:30Buffet Lunch Windsor


RES Prize Windsor Auditorium12:45


13:00

13:15

13:30

General Sessions 1 Special Sessions B

13:45

Special Sessions C

14:00

14:15

14:30

14:45


General Sessions 3

15:15 Tea & Coffee Windsor15:30

Economic Journal Lecture: Vincent Crawford (Oxford & UCSD) Windsor Auditorium

General Sessions 6

15:45

16:00

16:15



RES Annual General Meeting Windsor Auditorium

17:00

General Sessions 417:15

17:30

17:45

Special Sessions A

18:00 CeMMAP Session on Foundations of Revealed Preference:

Sydney Afriat (Università di Siena), Erwin Diewert (UBC) and Hal Varian (UC Berkeley)

Windsor Auditorium

18:15

18:30

18:45

19:00

19:15

Buffet Dinner Windsor

19:30Royal Economic Society Reception Windsor Foyer

19:45

20:00

20:15

20:30 Royal Holloway’s Ensemble in residence: CHROMA - Tango plus

Royal Economic Society Gala Dinner Founder’s & the Hub Dining Hall

20:45

21:00

Jazz@RHUL: Undergraduated Quartet

& Bar open

Medicine Bar

21:15

21:30

21:45

22:00

22:15

22:30 Bar open Medicine Bar

22:45

23:00

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Economic Journal Lecture Monday 15.30 – 16.45

Chair: Rachel Griffith, University of Manchester and IFS Location: Windsor Auditorium

Efficient Mechanisms for Level-k Bilateral Trading:

Vincent Crawford, University of Oxford and UCSD

Vincent P. Crawford is Drummond Professor of Political Economy at Oxford University and Fellow of All Souls College since 2010. He is also Professor Emeritus and Research Professor at the University of California at San Diego (UCSD).

He is a Fellow of the American Academy of Arts and Sciences, the Econometric Society, and the Guggenheim Foundation. He was Co-Editor of the American Economic Review between 2005 and 2009. He received the A.B. Summa cum Laude in Economics from Princeton University in 1972 and the Ph.D. in Economics from M.I.T. in 1976.

Professor Crawford’s research has focused on game-theoretic questions in economics, with emphases on bargaining and arbitration, strategic communication, matching markets, learning, and coordination. His main current research area is behavioral and experimental game theory and behavioral economics more generally. Representative recent papers include “Cognition and Behavior in Two-Person Guessing Games: An Experimental Study” with Miguel Costa-Gomes, 2006 American Economic Review 2006; “Level-k Auctions: Can Boundedly Rational Strategic Thinking Explain the Winner’s Curse and Overbidding in Private-Value Auctions?” with Nagore Iriberri, Econometrica 2007 and “Fatal Attraction: Salience, Naivete, and Sophistication in Experimental Hide-and-Seek Games” with Nagore Iriberri, American Economic Review 2007. He is among the world’s top 5% authors in economics according to IDEAS/RePEc.

Sargan Lecture Tuesday 11.15 – 12.30

Chair: Andrew Chesher, UCL and cemmap Location: Windsor Auditorium

To be announced

Rosa Matzkin, UCLA

Rosa Matzkin is Charles E. Davidson Professor of Economics at the University of California at Los Angeles (UCLA). Her research has been aimed at creating a tight connection between econometrics and economic theory, relaxing, at the same time, the parametric restrictions that one typically imposes when estimating a model. When doing applied work, one may decide to make parametric assumptions because of computational benefits, scarcity of data, or other important considerations. Analyzing what can be inferred when such assumptions are not in place allows one to learn what type of conclusions do not depend on such parametric specifications. A tight connection between econometrics and economic theory allows one to interpret estimates in terms of the elements of the model, and to evaluate counterfactuals under environments where some of the elements in the model do not change. It also allows one to determine whether observations are consistent with any particular model.

Selected recent works include “Identification in Nonparametric Simultaneous Equations,” Econometrica 2008; “Nonparametric Identification,” in Handbook of Econometrics 2007 and “Cross Section and Panel Data Estimators for Nonseparable Models with Endogenous Regressors,” with Joseph Altonji in Econometrica 2005.

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Hahn Lecture Wednesday 11.15 – 12.30

Chair: Richard Blundell, UCL and IFS Location: Windsor Auditorium

Market Power Screens Willingness-to-Pay: Jean Tirole, Toulouse School of Economics

Jean Marcel Tirole is professor at the Toulouse School of Economics, director of the Foundation Jean-Jacques Laffont , and scientific director of the Industrial Economics Institute (IDEI) in Toulouse.

After receiving his PhD from MIT in 1981, he worked at l’École Nationale des Ponts et Chaussées and then as a Professor of Economics at MIT. He was president of the Econometric Society in 1998 and of the European Economic Association in 2001. He is still affiliated with MIT, where he holds a visiting position.

Jean Tirole received Doctorates Honoris Causa from the Free University of Brussels in 1989 and the London Business School in 2007, the BBVA Foundation Frontiers of Knowledge Award in the Economics, Finance and Management category in 2008, the Public Utility Research Center Distinguished Service Award (University of Florida) in 1997, and the Yrjö Jahnsson Award of the Yrjö Jahnsson Foundation and the European Economic Association in 1993. He is a foreign honorary member of the American Academy of Arts and Sciences (1993) and of the American Economic Association (1993). He has also been a Sloan Fellow (1985) and a Guggenheim Fellow (1988). In 2007 was awarded the highest award (the Gold Medal or médaille d’or) of the French CNRS.

He works on industrial organization, game theory, banking and finance, and economics and psychology. Recent selected works include “From Pigou to Extended Liability: On the Optimal Taxation of Externalities Under Imperfect Financial Markets,” Review of Economic Studies 2010; “Cognition and Incomplete Contracts”, American Economic Review 2009 and “Over My Dead Body: Bargaining and the Price of Dignity”, American Economic Review 2009 with Roland Benabou. Jean Tirole is among the most influential economists in the world according to IDEAS/RePEc.

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Session on The Foundations of Revealed Preference

cemmap Chair: Richard Blundell, Tuesday 18.00 – 19.30

President of the RES, UCL and IFS Location: Windsor Auditorium

Paul Samuelson first described the notion of revealed preference in “A note on the pure theory of consumer’s behavior” (Economica, 1938).,. His papers stimulated a large literature devoted to refinements and extension of this idea. This theoretical works has now led to a literature on the use of revealed preference analysis for empirical work that is growing rapidly and is doubtless set to expand further with the recent advances in partial identification and set inference made in econometrics.

The RES and the Centre for Microdata Methods and Practice (cemmap) are delighted to be holding a special session on The Foundations of Revealed Preference chaired by the President of the Society Richard Blundell at which we will hear from the three economists whose contributions have done most to develop an area which lies at the very heart of our subject: Sydney Afriat, W. Erwin Diewert and Hal R. Varian.

Sydney Afriat is Visiting Professor in the Università di Siena.. He Graduated in mathematics from Cambridge, with a period during World War II in the National Physical Laboratory, then completed a DPhil at Oxford. He went on to work with Richard Stone in the Department of Applied Economics, Cambridge , 1953-56, and this period initiated his interest in economics. His career has taken him to positions in economics and mathematics at numerous universities including spells in Jerusalem, Princeton, Rice, Houston, Yale, Purdue, UNC, Waterloo, Ottawa, Berkeley, Oxford, LSE, Macquarie, Osaka and Siena.

His main research contributions have been in demand analysis, index numbers, the measurement and analysis of productivity, general equilibrium, optimisation theory, econometrics, macroeconomics and dynamics. He is the author of many books and articles to do with mathematics and economics beside scattered other items.

W Erwin Diewert is a Professor in the Department of Economics at the University of British Columbia. His main areas of research are flexible functional forms, duality theory, applied economics and index number theory. He has played an active role in shaping modern official economic statistics in Canada and internationally. His contributions in other areas as well to the economics profession are reflected in the fact that he is a long standing Research Associate of the National Bureau of Economic Research, a Fellow of the Royal Society of Canada, a Fellow of the Econometric Society, a Fellow of the World Academy of Productivity Science, and a Distinguished Fellow of the American Economic Association. He has published 98 journal articles and 122 book chapters.

Hal R. Varian is the Chief Economist at Google. He is also an emeritus professor at UC, Berkeley in three departments: business, economics, and information management. He is a fellow of the Guggenheim Foundation, the Econometric Society, and the American Academy of Arts and Sciences. He was Co-Editor of the American Economic Review from 1987-1990 and holds honorary doctorates from the University of Oulu, Finland and the University of Karlsruhe, Germany.

Hal Varian has published numerous papers in economic theory, industrial organization, financial economics, econometrics and information economics. He is the author of two major economics textbooks which have been translated into 22 languages. He is also the co-author of a bestselling book on business strategy and wrote a monthly column for the New York Times from 2000 to 2007.

sponsored by

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2 0 1 1 s p e c i a l s e s s i o n s

Special Session A1: Date: April 18, 2011

Probability Forecasts and Monetary Policy Time: 17:45 - 19:15 Martin Weale (External member, MPC, Bank of England) Location: Arts Building AB LT1

Predicting Inflation: Professional Experts Versus No-Change ForecastsBy Tilmann Gneiting; Heidelberg University Thordis Thorarinsdottir; Heidelberg University Presented by: Tilmann Gneiting, University of Heidelberg

GDP and Inflation Probability Forecasts Derived from the Bank of England Fan ChartsBy Simon van Norden; HEC Montreal John W. Galbraith; McGill University Presented by: Simon van Norden, HEC Montréal

Short-term Inflation Projections: a Bayesian Vector Autoregressive ApproachBy Domenico Giannone; ULB Michele Lenza; European Central Bank Daphne Momferatiou; European Central Bank Luca Onorante: European Central Bank Presented by: Domenico Giannone, ULB

Special Session A2: Immigration and Crime Date: April 18, 2011

Session Chair: Christian Dustmann, Time: 17:45 - 19:15 University College London Location: Arts Building AB LT2

Immigrant Incarceration in the United States 1900-1930

By Carolyn M. Moehling; Yale University; Anne Morrison Piehl; Rutgers University and NBER

Presented by: Anne Piehl, Rutgers University

Migration Restrictions and Criminal Behavior: Evidence from a Natural Experiment

By Giovanni Mastrobuoni; Collegio Carlo Alberto

Paolo Pinotti; Bank of Italy

Presented by: Paolo Pinotti, Bank of Italy

Crime and Immigration: Evidence from Large Immigrant Waves in the UK

By Brian Bell; CEP, LSE

Francesco Fasani; IAE, CSIC and CReAM

Steve Machin; UCL and CEP, LSE

Presented by: Francesco Fasani, UCL

Special Session A3: Immigration and Crime Date: April 18, 2011

Session Chair: Omer Moav, Time: 17:45 - 19:15 Royal Holloway University of London; Hebrew University Location: Windsor Auditorium

State Capacity and Military ConflictBy Nicola Gennaioli; CREI-UPF, Barcelona Hans-Joachim Voth; Universitat Pompeu Fabra and ICREA Presented by: Hans-Joachim Voth, Universitat Pompeu Fabra and ICREA

Weak States and Steady States: The Dynamics of Fiscal CapacityBy Tim Besley; London School of Economics Ethan Ilzetzki; London School of Economics Torsten Persson; Stockholm University Presented by: Tim Besley, London School of Economics

Asymmetric Information, Malthus and the Early StateJoram Mayshar, Hebrew University Omer Moav, Hebrew University and Royal Holloway, University of London Zvika Neeman; Tel Aviv University Presented by: Omer Moav, Royal Holloway University of London; Hebrew University

s p e c i a l s e s s i o n s 2 0 1 1

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Special Session A4: Neuronomics Date: April 18, 2011

Session Chair: Michael Naef Time: 17:45 - 19:15 Royal Holloway, University of London Location: Management Auditorium MBLT

Double Asymmetry Of Reciprocity In Humans: A Behavioral And Neurobiological Study By Arno Riedl, Maastricht University Presented by: Arno Riedl, Maastricht University

Brain Structural Correlates of Economic Phenotypes By Bernd Weber, University of Bonn Presented by: Bernd Weber, University of Bonn

Testosterone, Honesty And Status By Matthias Wibral, University of Bonn Presented by: Matthias Wibral, University of Bonn

On The Believed Treatment Effects of Testosterone By Michael Naef, Royal Holloway, University of London Presented by: Michael Naef, Royal Holloway, University of London

Special Session B1: Date: April 19, 2011

Interactions between Monetary and Fiscal Policy Time: 13:30 - 15:00 Session Chair: Charles Bean, Bank of England Location: Arts Building AB LT1

Interactions between monetary and fiscal policy: Paper 1 By Vittorio Grilli, Ministry of Economy and Finance of Italy Presented by: Vittorio Grilli, Ministry of Economy and Finance of Italy

Interactions between monetary and fiscal policy: Paper 2 By Carlo Cottarelli, IMF Presented by: Carlo Cottarelli, IMF

Fiscal Adjustment – Some Historical Perspectives By Andrew Scott; London Business School Presented by: Andrew Scott, London Business School

Special Session B2: Date: April 19, 2011

Determinants of Marital and Related Life Outcomes Time: 13:30 - 15:00 Session Chair: Charles Bean, Bank of England Location: AB LT2

Fatter Attraction: Anthropometric and Socioeconomic Matching on the Marriage Market By Pierre-André Chiappori, Columbia University Sonia Oreffice, University of Alicante Climent Quintana-Domeque, University of Alicante, IZA Presented by: Sonia Oreffice, Universidad de Alicante

Birth Control and the Rise in Female LFP: What Can We Learn from Women’s Occupational Choices By John Knowles, University of Southampton Presented by: John Knowles, University of Southampton

What a Difference a Term Makes: The Effect of Education on Marital Outcomes in the UK By Dan Anderberg; Royal Holloway University of London Yu Zhu, University of Kent at Canterbury Presented by: Dan Anderberg, Royal Holloway, University of London

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Special Session B3: Young talent session Date: April 19, 2011

Time: 13:30 - 15:00 Session Chair: Rachel Griffith, IFS Location: Windsor Auditorium

Inference and Decision for Set Identified Parameters Using Posterior Lower and Upper ProbabilitiesBy Toru Kitagawa; Cemmap and UCL Presented by: Toru Kitagawa, University College London

What Goods do Countries Trade? A Quantitative Exploration of Ricardo’s IdeasBy Arnaud Costinot, Massachusetts Institute of Technology Dave Donaldson, Massachusetts Institute of Technology Ivana Komunjer, University of California, San Diego Presented by: Dave Donaldson, MIT

VeilingBy Jean-Paul Carvalho; University of Oxford Presented by: Jean-Paul Carvalho, University of Oxford

Special Session B4: The Econometrics Journal Special Session on

Nonparametric Identification: Current Issues and Problems Date: April 19, 2011

Time: 13:30 - 15:00 Session Chair: Roger Koenker, Location: Management University of Illinois at Urbana-Champaign Auditorium MBLT

Identification in Nonseparable Models Using Shape RestrictionsBy Rosa L. Matzkin; UCLA Presented by: Rosa Matzkin, UCLA

“There’s nowt sae queer as folk”: Identification with multi-dimensional heterogeneityBy Andrew Chesher; CeMMAP and UCL Presented by: Andrew Chesher, University College London

Discussant: Victor Chernozhukov, MIT

Special Session C1: Financial Regulation Date: April 20, 2011

Session Chair: Jean Tirole, Time: 13:45 - 15:15 Toulouse School of Economics Location: Arts Building AB LT1

Is There a link from Bank Size to Risk Taking?By Ray Barrell; National Institute of Economic and Social Research E Philip Davis; National Institute of Economic and Social Research Tatiana Fic; National Institute of Economic and Social Research Dilruba Karim; National Institute of Economic and Social Research and Brunel University Presented by: Ray Barrell, NIESR Discussant: Charles Goodhart, London School of Economics

An Incentive-Robust Program for Financial ReformBy Charles W. Calomiris; Henry Kaufman Professor of Financial Institutions, Columbia Business School, and Research Associate, National Bureau of Economic Research Presented by: Charles Calomiris, Columbia University Discussant: Charles Goodhart, London School of Economics

Towards Time-Consistency in Bank RegulationBy Charles Kahn; University of Illinois Presented by: Charles Kahn, University of Illinois Discussant: Charles Goodhart, London School of Economics

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Special Session C2: Search Frictions and Human Capital Date: April 20, 2011

Session Chair: Jean Tirole, Time: 13:45 - 15:15 Toulouse School of Economics Location: Arts Building AB LT2

A Feasible Equilibrium Search Model of Individual Wage Dynamics with ExperienceBy Jesper Bagger; RHUL François Fontaine; University of Nancy Fabien Postel-Vinay; University of Bristol Jean-Marc Robin; PSE and UCL Presented by: Fabien Postel-Vinay, University of Bristol

Directed Search over the Life CycleBy Guido Menzio; University of Pennsylvania Ludo Visschers; U. Carlos III Madrid & SFU Presented by: Lodewijk Visschers, Universidad Carlos III

Job Search, Human Capital and Wage InequalityBy Carlos Carrillo-Tudela; University of Essex Presented by: Carlos Carillo-Tudela, Leicester University

Special Session C3: Religion in Economic History Date: April 20, 2011

Session Chair: Steve Pischke, Time: 13:45 - 15:15 London School of Economics Location: Windsor Auditorium

Jewish Moneylending in Medieval Europe: Segregation or Choice?By Maristella Botticini; Universita Bocconi Presented by: Maristella Botticini, Universita Bocconi

Persecution Perpetuated: Medieval Origins of Anti-Semitic Violence in Nazi GermanyBy Hans-Joachim Voth; Universitat Pompeu Fabra and ICREA; Nico Voigtländer, UCLA Presented by: Nico Voigtlaender, UCLA

Adopting a New Religion: The Case of Protestantism in 16th Century GermanyBy Davide Cantoni; Universitat Pompeu Fabra Presented by: Davide Cantoni, Universitat Pompeu Fabra

Special Session C4: Date: April 20, 2011

Behavioural Aspects of Savings Time: 13:45 - 15:15

Decisions and Retirement Planning Location: Management Session Chair: Thomas Crossley, University of Cambridge Auditorium MBLT

The miracle of compound interest: Does our intuition fail?By Johannes Binswanger; CentER, Tilburg University, and Netspar Katherine Carman; CentER, Tilburg University, and Netspar Presented by: Katherine Carman, Tilburg University

Financial literacy, retirement planning, and household wealthBy Maarten van Rooij; De Nederlandsche Bank and Netspar Annamaria Lusardi; Dartmouth College and NBER Rob Alessie; University of Groningen, Netspar and Tinbergen Institute Presented by: Maarten Rooij, De Nederlandsche Bank and Netspar

Rules of thumb in life-cycle saving decisionsBy Ralf Rodepeter; BMW Joachim Winter; University of Munich Presented by: Joachim Winter, University of Munich

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m o n d a y 1 3 . 3 0 – 1 5 . 0 0

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Session 1: Development Economics Time: 13:30 - 15:00

Session Chair: Pinar Keskin, Wesleyan University Location: Windsor WIN 00-02

Risk, Agricultural Assets and the Persistence of Poverty in Rural ChinaBy Jing You; University of Manchester; Adam Ozanne; University of Manchester; Bernard Walters; University of Manchester; Xiaobing Wang; University of Manchester Presented by: Jing You, University of Manchester

Excluding the poor: the impact of public expenditure on child malnutrition in PeruBy Gissele Gajate-Garrido; International Food Policy Research Institute (IFPRI) Presented by: Gissele Gajate-Garrido, IFPRI

Envy and agricultural innovation By Bereket Kebede; University of East Anglia; Daniel John Zizzo; University of East Anglia Presented by: Bereket Kebede, University of East Anglia

Farming the Ogallala Aquifer: Short and Long-run Impacts of Groundwater AccessBy Richard Hornbeck; Harvard University and NBER; Pinar Keskin; Wesleyan University Presented by: Pinar Keskin, Wesleyan University

Session 2: Economics of Education Time: 13:30 - 15:00 Session Chair: Arnaud Chevalier, Location: Management Royal Holloway, University of London Auditorium MBLT

Estimating The Demand for School Attributes in PakistanBy Pedro Carneiro; University College London and Institute for Fiscal Studies; Jishnu Das; World Bank; Hugo Reis; University College London. Presented by: Hugo Reis, UCL

The Effects of Moving to More Autonomous School Structures: Academy Schools and Their Introduction to English EducationBy Stephen Machin; University College London and Centre for Economic Performance, London School of Economics; James Vernoit; Centre for Economic Performance, London School of Economics Presented by: James Vernoit, LSE

Peer Effects on Student Achievement: An Instrumental Variable Approach Using School Transition DataBy Hongliang Zhang; Chinese University of Hong Kong Presented by: Hongliang Zhang, Chinese University of Hong Kong

Higher education decisions in the UK and the 2004 Higher Education Act.By Arnaud Chevalier; Royal Holloway, University of London; Gauthier Lanot; Keele University Presented by: Arnaud Chevalier, Royal Holloway, University of London

Session 3: Economics of Education Session Chair: Amparo Castello-Climent, Time: 13:30 - 15:00 Instituto de Economía Internacional Location: Moore Annexe MX01

The Effect of Preschool Attendance on Secondary School Track Choice - Evidence from SiblingsBy Martin Franz Benedikt Schlotter; Ifo Institute for Economic Research at the University of Munich,

Education, Ability and Wages, 1980s vs 2000s By Gonzalo Castex; Central Bank of Chile; Evgenia Dechter; University of New South Wales Presented by: Evgenia Dechter, UNSW

Empowering Women: Inheritance Rights and Female Education in IndiaBy Sanchari Roy; University of Warwick.

Mass Education or a Minority Well Educated Elite in the Process of Development: the Case of IndiaBy Amparo Castello Climent; University of Valencia; Abhiroop Mukhopadhyay; Indian Statistical Institute. Presented by: Amparo Castello-Climent, Instituto de Economía Internacional

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Session 4: Labour Economics Time: 13:30 - 15:00

Session Chair: Sven Schreiber, Hans Böckler Foundation Location: Windsor WIN 01-04

How much do lifetime earnings explain retirement resources?By Antoine Bozio; Institute for Fiscal Studies; Carl Emmerson; Institute for Fiscal Studies; Gemma Tetlow; Institute for Fiscal Studies and University College London. Presented by: Antoine Bozio, IFS

Retirement and Subjective Well-BeingBy Eric Bonsang; ROA, Maastricht University; Tobias J. Klein; Netspar, CentER, Tilburg University Presented by: Tobias Klein, Tilburg University

Booms, busts and retirement timingBy Richard Disney; University of Nottingham; Anita Ratcliffe; University of Bristol; Sarah Smith; University of Bristol. Presented by: Anita Ratcliffe, University of Bristol

The Life-Cycle Hypothesis Revisited: Evidence on Housing Consumption after RetirementBy Miriam Beblo; Berlin School of Economics and Law (HWR); Sven Schreiber; IMK and Goethe University. Presented by: Sven Schreiber, Hans Böckler Foundation


Session Chair: Massimiliano Tani, Macquarie University Location: Windsor WIN 01-02

Why do College Graduates Migrate More for New Jobs?By Michael A. Amior; University College London and Institute for Fiscal Studies

An Empirical Model of Wage Dispersion with SortingBy Jesper Bagger; Royal Holloway, University of London; Rasmus Lentz; University of Wisconsin-Madison. Presented by: Jesper Bagger, Royal Holloway, University of London

The Role of Location in Evaluating Racial Wage DisparityBy Dan A. Black; University of Chicago; Natalia Kolesnikova; Federal Reserve Bank of St. Louis; Seth G. Sanders; Duke University; Lowell J. Taylor; Carnegie Mellon University Presented by: Natalia Kolesnikova, Federal Reserve Bank of St. Louis

Regional Skill Endowments, International Migrants, and Employment Structure: A European StudyBy Massimiliano Tani; Macquarie University.


Session Chair: Christoph Weiss, European University Institute Location: Windsor WIN 01-03

Does Leadership Training Promote Leadership?By Erik Grönqvist; Institute for Labour Market Policy Evaluation; Erik Lindqvist; Stockholm School of Economics. Presented by: Erik Lindqvist, Stockholm School of Economics

Does High Involvement Management Lead to Higher Pay?By Petri Böckerman; Labour Institute for Economic Research, Helsinki, Finland; Alex Bryson; National Institute of Economic and Social Research; Pekka Ilmakunnas; Aalto University School of Economics. Presented by: Alex Bryson, National Institute of Economic and Socia

Human Capital, Employment Protection and Growth in EuropeBy Maurizio Conti; University of Genova; Giovanni Sulis; University of Cagliari Presented by: Giovanni Sulis, University of Cagliari

Persistent Attitudes and BehaviorsBy Christoph T. Weiss; European University Institute

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Session 7: Industrial Organisation Time: 13:30 - 15:00

Session Chair: Hamideh Esfahani, University of Bologna Location: Horton Building HLT 1

Patent Quality And A Two-Tiered Patent SystemBy Vidya Atal; Montclair State University; Talia Bar; Cornell University Presented by: Vidya Atal, Montclair State University

Cyclical Patterns in Firm VolatilityBy Emmanuel De Veirman; Reserve Bank of New Zealand; Andrew Levin; Federal Reserve Board Presented by: Emmanuel De Veirman, Reserve Bank of New Zealand

Targeted Competition: Choosing Your Enemies in Multiplayer GamesBy Andrei Dubovik; Netherlands Bureau for Economic Policy Analysis; Alexei Parakhonyak; Center for Advanced Studies, State University Higher School of Economics Presented by: Andrei Dubovik, Netherlands Bureau for Economic Policy Analysis

The Profitability of Small Horizontal Mergers with Nonlinear Demand FunctionsBy Hamideh Esfahani; University of Bologna; Luca Lambertini; University of Bologna Presented by: Hamideh Esfahani, University of Bologna


Session Chair: Jinghai Zheng, Queen’s University Belfast Location: Horton Building HLT 2

Upstream Innovation and Product Variety in the United States Home PC MarketBy Alon Eizenberg; The Hebrew University of Jerusalem

Deterrence and Geographical Externalities in Auto TheftBy Marco Gonzalez-Navarro, University of Toronto

Private Regulation by Platform Operators – Implications for Usage IntensityBy Jörg Claussen; LMU Munich; Tobias Kretschmer; LMU Munich and ifo; Philip Mayrhofer; LMU Munich Presented by: Tobias Kretschmer, LMU Munich

Knowledge Production Function and Malmquist IndexBy Jinghai Zheng; University of Gothenburg and Queen’s University Belfast

Session 9: Macroeconomics Time: 13:30 - 15:00

Session Chair: Reginaldo Nogueira Jr., IBMEC-MG Location: Arts Building AB LT1

The China-US co-dependency and the elusive costs of growth rebalancingBy Luigi Bonatti; University of Trento; Andrea Fracasso; University of Trento Presented by: Andrea Fracasso, University of Trento

The EMU sovereign-debt crisis: Fundamentals, expectations and contagionBy Alexandros Kontonikas; University of Glasgow Business School; Michael G. Arghyrou; Cardiff Business School. Presented by: Alexandros Kontonikas, University of Glasgow

Riding for a fall: monopoly banking with hidden tail riskBy Marcus Miller; Lei Zhang; Han Hao Li; University of Warwick Presented by: Marcus Miller, University of Warwick

Is low inflation really causing the decline in exchange rate pass-through?By Reginaldo Pinto Nogueira Junior; IBMEC-MG; Miguel Leon-Ledesma; University of Kent Presented by: Reginaldo Nogueira Jr., IBMEC-MG


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Session 10: Macroeconomics Time: 13:30 - 15:00 Session Chair: Makram El-Shagi, Location: Arts Building Halle Institute for Economic Research AB LT2

Monetary Shocks and the Cyclical Behavior of the Loan Spread in a DSGE Model with Endogenous Default RiskBy Pierre-Richard Agénor; University of Manchester; George Bratsiotis; University of Manchester; Damjan Pfajfar; University of Tilburg; Presented by: George Bratsiotis, The University of Manchester

Fiscal Policy Institutions and HistoryBy David Cuberes; University of Alicante; Andrew Mountford; Royal Holloway, University of London Presented by: David Cuberes, University of Alicante

Generalized Taylor and Generalized Calvo price and wage-setting: micro evidence with macro implications.By Huw David Dixon; Cardiff Business School.; Hervé Le Bihan; Banque de France Presented by: Huw Dixon, Cardiff Business School

Money and Inflation: The Role of Persistent Velocity MovementsBy Makram El-Shagi; Halle Institute for Economic Research; Sebastian Giesen; Halle Institute for Economic Research. Presented by: Makram El-Shagi, Halle Institute for Economic Research

Session 11: Corporate Finance Time: 13:30 - 15:00 Session Chair: Guiying Laura Wu, Location: Arts Building Nanyang Technological University AB G024

New Facts on Channels of Firm Expansion and ContractionBy Holger Breinlich, University of Essex; Stefan Niemann, University of Essex; Edna Solomon, University of Essex Presented by: Holger Breinlich, University of Essex, CEP and CEPR

Banking market competition, firm dynamics, and aggregate growthBy Robert Inklaar; University of Groningen; Michael Koetter; University of Groningen; Felix Noth; University of Frankfurt. Presented by: Michael Koetter, RUG

Patterns of Plant Adjustment in Multidivisional Firms: Theory and Empirical EvidenceBy Holger Breinlich; University of Essex; Stefan Niemann; University of Essex Presented by: Stefan Niemann, University of Essex

The Effects of Financing Constraints on Firm Investment: A Structural Econometric AnalysisBy Stephen R. Bond; University of Oxford; Måns Söderbom; University of Gothenburg; Guiying Laura Wu; Nanyang Technological University Presented by: Guiying Laura Wu, Nanyang Technological University

Session 12: Information Time: 13:30 - 15:00

Session Chair: Bo Sun, Federal Reserve Board of Governors Location: Arts Building AB F028

Beyond Microcredit: Giving the Poor a Way to Save Their Way out of PovertyBy Kumar Aniket; University of Cambridge

Securitization is Not that Evil after AllBy Ugo Albertazzi; Bank of Italy; Ginette Eramo; Bank of Italy; Leonardo Gambacorta; BIS; Carmelo Salleo; ESRB Presented by: Leonardo Gambacorta, Bank for International Settlements

Learning and the Yield CurveBy Arunima Sinha; Columbia University Presented by: Arunima Sinha, Santa Clara University

Asset Prices and Market Participation in the Presence of Managerial ManipulationBy Bo Sun; Federal Reserve Board of Governors

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Session 13: Political Economy Time: 13:30 - 15:00

Session Chair: Tapas Mishra, Department of Economics Location: Windsor WIN 01-05

Foreign Influence and the Cold War History of Democracy in Latin AmericaBy Roberto Bonfatti, Oxford University

Splitting, Squeezing and Diluting: Policy Moderation when Candidacy is EndogenousBy Arnaud Dellis ; Universite Laval

Tying Your Enemy’s Hands in Close Races: The Politics of Federal Transfers in BrazilBy Fernanda Brollo; Universidad de Alicante; Tommaso Nannicini; Bocconi University, IGIER & IZA Presented by: Fernanda Brollo, Universidad de Alicante

Does democratic distance matter for cross-country growth interdependence?By Claude Diebolt; BETA, University of Strasbourg; Tapas Mishra; Swansea University; Bazoumana Ouattara; Swansea University; Mamata Parhi; Swansea University Presented by: Tapas Mishra, Swansea University

Session 14: Productivity Time: 13:30 - 15:00

Session Chair: Alessio Moro, University of Cagliari Location: Horton Building H321

Resource Allocation and Within-Industry Productivity with a Frictional Credit MarketBy Christian Bauer; LMU Munich ; José V. Rodríguez Mora; University of Edinburgh Presented by: Christian Bauer, Ludwig-Maximilians-University

The Cyclicality of Productivity DispersionBy Matthias Kehrig; Northwestern University

Productivity growth in the Old and New Europe: the role of agglomeration externalitiesBy Emanuela Marrocu; Università di Cagliari, CRENoS; Raffaele Paci; Università di Cagliari, CRENoS; Stefano Usai; Università di Cagliari, CRENoS Presented by: Emanuela Marrocu, Università di Cagliari (Italy) and CRENoS

Heterogeneous Productivity Shocks, Elasticity of Substitution and Aggregate FluctuationsBy Alessio Moro; University of Cagliari; Rodolfo Stucchi; University of Gottingen Presented by: Alessio Moro, University of Cagliari

Session 15: Game Theory Time: 13:30 - 15:00

Session Chair: Kei Tsutsui, University of East Anglia Location: Arts Building AB F001

Preferences and Beliefs in a Sequential Social Dilemma: A Within-Subjects AnalysisBy Mariana Blanco; Universidad del Rosario; Dirk Engelmann; Universität Mannheim; Alexander K. Koch; Aarhus University; Hans Theo Normann; Duesseldorf University Presented by: Mariana Blanco, Universidad del Rosario

Determinants of Successful Cooperation in a Face-to-Face Social DilemmaBy Donja Darai; University of Zurich; Silvia Grätz; University of Zurich Presented by: Donja Darai, University of Zurich

Competitive dynamic pricing with alternating offers: Theory and experimentBy Vincent Mak; University of Cambridge; Amnon Rapoport; University of California, Riverside; Eyran J. Gisches; University of Arizona Presented by: Vincent Mak, University of Cambridge

Group Status, Minorities and TrustBy Kei Tsutsui; University of East Anglia; Daniel John Zizzo; University of East Anglia Presented by: Kei Tsutsui, University of East Anglia

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Session 16: Inequality Time: 13:30 - 15:00

Session Chair: Babak Somekh, Oxford University Location: Windsor WIN 00-05

Distribution of Wealth and Incomplete Markets: Theory and Empirical EvidenceBy Davide Fiaschi; University of Pisa; Matteo Marsili; The Abdus Salam International Centre for Theoretical; Physics Presented by: Davide Fiaschi, University of Pisa

Household Debt and Attitudes towards RiskBy Sarah Brown; University of Sheffield; Gaia Garino; University of Leicester; Karl Taylor; University of Sheffield Presented by: Gaia Garino, University of Leicester

Entrepreneurs, Managers and InequalityBy Sang Yoon (Tim) Lee; University of Wisconsin-Madison Presented by: Sang Yoon Lee, University of Wisconsin-Madison

The Effect of Income Inequality on Price DispersionBy Babak Somekh; University of Oxford

Session 17: Housing Time: 13:30 - 15:00

Session Chair: Dilem YILDIRIM, Middle East Technical University Location: Arts Building AB F003

House Prices and Home Ownership: a Cohort AnalysisBy Renata Bottazzi; University of Bologna, IFS and Child; Thomas F. Crossley; University of Cambridge and IFS; Matthew Wakefield; University of Bologna and IFS Presented by: Renata Bottazzi, University of Bologna

Housing Purchase versus Rental in SpainBy Margarita Rubio; Bank of Spain; Eva Ortega; Bank of Spain; Carlos Thomas; Bank of Spain Presented by: Margarita Rubio, Bank of Spain

Where’s the Smoking Gun? A Study of Underwriting Standards for U.S. Subprime MortgagesBy Rajdeep Sengupta; Federal Reserve Bank of St. Louis; Geetesh Bhardwaj; The Vanguard Corporation Presented by: Rajdeep Sengupta, Federal Reserve Bank of St. Louis

A threshold cointegration analysis of interest rate pass-through to UK mortgage ratesBy Ralf Becker; University of Manchester; Denise R Osborn, University of Manchester; Dilem Yildirim; Middle East Technical University Presented by: Dilem YILDIRIM, Middle East Technical University

Session 18: Consumption Session Chair: Alexei Parakhonyak, Time: 13:30 - 15:00 State University Higher School of Economics Location: Windsor WIN 00-04

Fungibility, Labels, and ConsumptionBy Johannes Abeler; University of Nottingham; Felix Marklein; University of Bonn Presented by: Johannes Abeler, University of Nottingham

Price Search, Consumption Inequality, and Expenditure InequalityBy Temel Taskin; European University Institute; Yavuz Arslan; Central Bank of Republic Turkey Presented by: Yavuz Arslan, Central Bank of Turkey

Evolution of Consumption Volatility for the Liquidity Constrained Households over 1983 to 2004.By Olga Gorbachev; University of Delaware; Keshav Dogra; Columbia University Presented by: Olga Gorbachev, University of Delaware

Minimum Price Guarantees In a Consumer Search ModelBy M.C.W. Janssen; University of Vienna and Tinbergen Institute; A. Parakhonyak; State University Higher School of Economics Presented by: Alexei Parakhonyak, State University Higher School of Economics

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Session 19: Trade Session Chair: Veronica Rappoport, Time: 13:30 - 15:00 Columbia University Location: Moore Annexe MX034

Trade in Services: IT and Task ContentBy Andrea Ariu; IRES and CORE, Universite catholique de Louvain and FELU; Giordano Mion; London School of Economics and Political Science, CEP and CEPR. Presented by: Andrea Ariu, Universite catholique de Louvain

Pharmaceutical Innovation and Parallel TradeBy Anna Rita Bennato; University of Rome ‘Tor Vergata’ and University of Bristol; Tommaso Valletti; Imperial College London and University of Rome ‘Tor Vergata’ Presented by: Anna Rita Bennato, University of Rome ‘Tor Vergata’ and University of Bristol

Is Selection on Firm Productivity a Third Gain from Trade?By Swati Dhingra; London School of Economics, Princeton and Wisconsin-Madison; John Morrow; Kent State and Wisconsin-Madison. Presented by: Swati Dhingra, LSE/Princeton

Dissecting the Effect of Credit Supply on Trade: Evidence from Matched Credit-Export DataBy Daniel Paravisini; Columbia Business School; Veronica Rappoport; Columbia Business School; Philipp Schnabl; Stern School of Business; Daniel Wolfenzon; Columbia Business School Presented by: Veronica Rappoport, Columbia University

Session 20: Migration Time: 13:30 - 15:00

Session Chair: Angelino Viceisza, IFPRI Location: Windsor WIN 00-03

The Impact of Immigration on Natives’ Wages: Heterogeneity following from Product and Labor Market RegulationBy Susanne Prantl; University of Cologne, MPI Bonn and IFS; Spitz-Oener; Humboldt-University Berlin, IAB, CASE and IZA. Presented by: Susanne Prantl, University of Cologne

Educational Mismatch in the Labor Market. A Theory and an Investigation using Unemployment Spells’ DurationBy Patrizia Ordine; University of Calabria; Giuseppe Rose;Birkbeck College. Presented by: Giuseppe Rose, Birkbeck College, University of London

The Making of Modern America: Estimating Migration Flows using Administrative Records from Ellis Island, 1892-1924By Oriana Bandiera; London School of Economics; Imran Rasul; University College London; Martina Viarengo; Harvard University and London School of Economics; Presented by: Martina Viarengo, Harvard University and LSE

To remit, or not to remit: that is the question. A remittance field experimentBy Maximo Torero; International Food Policy Research Institute (IFPRI); Angelino Viceisza; IFPRI Presented by: Angelino Viceisza, IFPRI

Session 21: Economics of Conflict Time: 13:30 - 15:00

Session Chair: Juan Vargas, Universidad del Rosario Location: Arts Building AB LT3

Does Separatist terrorism have Economic Roots in South-Eastern Turkey?By Pinar Derin-Gure, Middle East Technical University

Childhood Interrupted: How Conflict-Induced Shocks Shape Human Capital Formation in Northern UgandaBy Sarah Adelman; Mount Holyoke College; Daniel O. Gilligan; International Food Policy Research Institute; Kim Lehrer; University of Oxford. Presented by: Kim Lehrer, University of Oxford

Dynamics of Ethnic Civil WarBy Natalija Novta; New York University.

Type of Economic Inequality and Violent Conflict: Theory and EvidenceBy Leopoldo Fergusson; Massachusetts Institute of Technilogy; Juan F. Vargas; University of El Rosario Presented by: Juan Vargas, University of El Rosario

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Session Chair: Carol Newman, Trinity College Dublin Location: Windsor WIN 00-02

Partial land rights and agricultural outcomes: Evidence from ThailandBy Thanyaporn Chankrajang; University of Cambridge

Inefficiency of male and female on-farm labour supply: Evidence from UgandaBy Martyn Andrews; University of Manchester; Jennifer Golan; University of Manchester; Jann Lay; University of Göttingen and GIGA Presented by: Jennifer Golan, University of Manchester

Channels Through Which Market Access Affects Income: Farm vs. Non-Farm Activities in Rural ChinaBy Zhaoyang Hou; National University of Singapore

Income Shocks and Household Risk-Coping Strategies: Evidence from rural VietnamBy Fiona Wainwright; Trinity College Dublin; Carol Newman; Trinity College Dublin Presented by: Carol Newman, Trinity College Dublin

Session 23: Economics of Education Time: 9:30 - 10:00

Session Chair: Sergey Popov, University of Illinois Location: Management Auditorium MBLT

The Distributional Effects of Direct College CostsBy Jonathan Gemus; Uppsala University and Uppsala Center for Labor Studies

Empirically Probing the Quantity-Quality ModelBy Emla Fitzsimons; Institute for Fiscal Studies; Bansi Malde; Institute for Fiscal Studies and University College London Presented by: Bansi Malde, Institute for Fiscal Studies

College Expansion and Untreated Effects: Evidence from ItalyBy Veruska Oppedisano; UCL

University Competition and Grading StandardsBy Sergey V. Popov; University of Illinois; Dan Bernhardt; University of Illinois Presented by: Sergey Popov, University of Illinois

Session 24: Health Economics Session Chair: William Whittaker, Time: 9:30 - 11:00 University of Manchester Location: Moore Annexe MX01

Choice of NHS-funded hospital services in EnglandBy Walter Beckert; Birkbeck College, University of London; Mette Christensen; Cooperation and Competition Panel for NHS-funded services; Kate Collyer; Cooperation and Competition Panel for NHS-funded services. Presented by: Katherine Collyer, Cooperation and Competition Panel for NHS-funded services

Optimal sequential sampling rules for the economic evaluation of health technologiesBy Paolo Pertile; University of Verona.; Martin Forster; University of York.; Davide La Torre; University of Milan. Presented by: Martin Forster, University of York

The Impact of Private Hospital Insurance on Utilization of Hospital Care in Australia: Evidence from the National Health SurveyBy Damien Eldridge; La Trobe University; Cagatay Koc; University of Texas at Arlington; Ilke Onur; University of South Australia; Malathi Velamuri; Victoria University of Wellington Presented by: Ilke Onur, University of South Australia

The impact of the 2006 NHS dental reforms on access to dental care in England.By William Whittaker; University of Manchester; Stephen Birch; University of Manchester, McMaster University. Presented by: William Whittaker, University of Manchester

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Session Chair: Mathan Satchi, University of Kent Location: Windsor WIN 01-02

Reality of On-the-Job SearchBy Shigeru Fujita; Federal Reserve Bank of Philadelphia

An Equilibrium Experimentation in Labor Market with Directed On-the-Job SearchBy Fei Li; University of Pennsylvania

On-the-job Search: Amount, Regional, and Cyclical Variation Evidence from Great BritainBy Simonetta Longhi; University of Essex Presented by: Simonetta Longhi, University of Essex

Working hours in a job-posting search frameworkBy Amanda Gosling; University of Kent; Mathan Satchi; University of Kent Presented by: Mathan Satchi, University of Kent


Session Chair: Paris Nearchou, University of Cyprus Location: Windsor WIN 01-03

The Market Returns to Private High Schools: Evidence from MexicoBy Chiara Binelli; Oxford University, Nuffield College and IFS; Marta Rubio-Codina; IFS Presented by: Chiara Binelli, Oxford University

Working in family firms: less paid but more secure?* Evidence from French matched employer-employee dataBy Andrea Bassanini; OECD, ERMES-University Paris II and IZA; Thomas Breda; ENS and Paris School of Economics; Eve Caroli; University Paris Ouest-EconomiX and Paris School of Economics; Antoine Rebérioux; University Paris Ouest-EconomiX Presented by: Eve Caroli, Paris School of Economics

Looking for jobs with good pay and good working conditionsBy Luke Haywood; Paris School of Economics; Jean-Marc Robin; Sciences-Po and University College London Presented by: Luke Haywood, Paris School of Economics

Non-parametric estimation of models of downward wage rigidityBy L.N. Christofides; University of Cyprus; P. Nearchou; University of Cyprus Presented by: Paris Nearchou, University of Cyprus


Session Chair: Edna Solomon, University of Essex Location: Horton Building HLT 1

Hotelling with Network ExternalitiesBy Rodney Beard; Groupe Sup de Co-CEREGE La Rochelle; Ujjayant Chakravorty; University of Alberta Presented by: Rodney Beard, Groupe Sup de Co-CEREGE La Rochelle

Structural Estimation of Gravity Models with Market Entry DynamicsBy Peter Egger, ETH Zürich and CEPR; Andrea Leiter, University of Innsbruck; Michael Pfaffermayr, University of Innsbruck Presented by: Peter Egger, ETH Zurich

From Russia with Love: The Impact of Relocated Firms on Incumbent SurvivalBy Oliver Falck; Ifo Institute for Economic Research and CESifo; Christina Guenther; Max Planck Institute of Economics; Stephan Heblich; University of Stirling and IZA; William R. Kerr; Harvard Business School and NBER Presented by: Oliver Falck, Ifo Institute for Economic Research at the University of Munich

A Comparison of Spillovers from British vs Foreign Multinationals in the UK EconomyBy Edna Maeyen Solomon; University of Essex

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Session Chair: Andrew Rhodes, University of Oxford Location: Horton Building HLT 2

Partial Equity Ownership and Knowledge TransferBy Arghya Ghosh; University of New South Wales; Hodaka Morita; University of New South Wales Presented by: Arghya Ghosh, University of New South Wales

Price-Dependent Demand in Spatial ModelsBy Yiquan Gu; University of Dortmund; Tobias Wenzel; Düsseldorf Institute for Competition Economics (DICE) Presented by: Yiquan Gu, University of Dortmund

An Empirical Analysis of the Effects of GP CompetitionBy Chris Pike; Cooperation and Competition Panel

Small Switching Costs are Pro-CompetitiveBy Andrew Rhodes; University of Oxford


Session Chair: William Pouliot, City University London Location: Arts Building AB LT1

A Summary Statistic for Cross-sectional Dependence in Large DatasetsBy Natalia Bailey; Queen Mary, University of London; George Kapetanios; Queen Mary, University of London Presented by: Natalia Bailey, Queen Mary, University of London

Forecasting Medium and Large Datasets with Vector Autoregressive Moving Average (VARMA) modelsBy Gustavo Dias; George Kapetanios; University of London Presented by: Gustavo Dias, Queen Mary University of London

Breaks in US Monetary Policy: An Information Criteria Approach to Inference with Endogenous RegressorsBy Alastair R. Hall; Denise R. Osborn; Nikolaos D. Sakkas, University of Manchester. Presented by: Denise Osborn, University of Manchester

A U-statistic Type Test to Disentangle Breaks in Intercept from Slope in Linear Regression ModelsBy William Pouliot; City University and University of Liverpool; Jose Olmo; Universitario de la Defensa de Zaragoza and City University. Presented by: William Pouliot, City University London


Session Chair: Gurnain Pasricha, Bank of Canada Location: Arts Building AB LT2

Credit Constraints and Distance, What Room for Central Banking? The French Experience (1880-1913).By Guillaume Bazot; Paris School of Economics

The Effect of IMF Lending on the Probability of Sovereign Debt CrisesBy Markus Jorra; Justus Liebig University Giessen

The lending channel under optimal choice of monetary policyBy Juha Kilponen; Bank of Finland; Alistair Milne; Cass Business School, City University of London Presented by: Alistair Milne, Cass Business School

Determinants of Financial Stress and Recovery During the Great RecessionBy Joshua Aizenman; University of California, Santa Cruz; Gurnain Kaur Pasricha; Bank of Canada Presented by: Gurnain Pasricha, Bank of Canada

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Session Chair: Francesco Zanetti, Bank of England Location: Arts Building AB G024

Liquidity and solvency in a model of emerging market crisesBy Philipp J. Koenig; Technical University Berlin; Tijmen R. Daniels; Technical University Berlin, Presented by: Philipp Koenig, Technical University Berlin

Money and RealityBy Alexander Kriwoluzky; University of Bonn; Christian A. Stoltenberg; Universiteit van Amsterdam Presented by: Alexander Kriwoluzky, University of Bonn

New perspectives on depreciation shocks as a source of business cycle fluctuationsBy Francesco Furlanetto; Norges Bank; Martin Seneca; Norges Bank Presented by: Martin Seneca, Norges Bank

Technology Shocks, Employment and Labor Market FrictionsBy Federico S. Mandelman, Federal Reserve Bank of Atlanta; Francesco Zanetti, Bank of England Presented by: Francesco Zanetti, Bank of England

Session 32: Macroeconomics Time: 9:30 - 11:00 Session Chair: Doina Radulescu, ETH Location: Arts Building AB F028

Dealer Attention, Liquidity Spillovers, and Endogenous Market SegmentationBy Giovanni Cespa; Cass Business School; Thierry Foucault; HEC Paris Presented by: Giovanni Cespa, Cass Business School

Mergers, Merger Waves and the Distribution of Tobin’s QBy Zafeira Kastrinaki; Imperial College Business School, Imperial College London; Paul Stoneman; Warwick Business School, University of Warwick Presented by: Zafeira Kastrinaki, Imperial College London

The Formation of Exchanges: Risk Sharing and Information AggregationBy Kei Kawakami; University of Melbourne Presented by: Kei Kawakami, University of Melbourne

A test of the Bolton-Sheinkman-Xiong hypothesis of how speculation affects the vesting time of options granted to directorsBy Peter Egger; ETH Zurich; Doina Maria Radulescu; ETH Zurich Presented by: Doina Radulescu, ETH

Session 33: Public Economics Time: 9:30 - 11:00 Session Chair: Georg Wamser, ETH Zurich Location: Windsor WIN 01-05

How do taxes affect cross-border acquisitions?By Wiji Arulampalam; University of Warwick; Michael P. Devereux; Oxford University Centre for Business Taxation; Federica Liberini; University of Warwick Presented by: Wiji Arulampalam, University of Warwick

Corporate taxes and the location of intellectual propertyBy Rachel Griffith; Institute for Fiscal Studies and University of Manchester; Helen Miller; Institute for Fiscal Studies; Martin O’Connell; University College London Presented by: Helen Miller, Institute for Fiscal Studies

Profit Shifting within Multinational Firms: The Role of Entity Characterization ProfilesBy Sven P. Jost; University of Innsbruck; Michael Pfaffermayr, University of Innsbruck; Matthias Stoeckl, University of Salzburg; Hannes Winner, University of Salzburg Presented by: Matthias Stoeckl, University of Salzburg

The Impact of CFC Legislation on Multinational Firms - Evidence from a Two-dimensional Regression Discontinuity ApproachBy Peter Egger; ETH Zürich; Valeria Merlo; ETH Zürich; Georg Wamser; ETH Zürich Presented by: Georg Wamser, ETH Zurich

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Session Chair: Matthias Weiss, Universität Mannheim Location: Horton Building H321

Geographic Clustering and Productivity: An Instrumental Variable Approach for Classical ComposersBy Karol Jan Borowiecki; Trinity College Dublin

Productivity and employment impacts of agglomeration: evidence from transport improvementsBy Steve Gibbons: London School of Economics and SERC; Teemu Lyytikäinen: London School of Economics and SERC; Henry Overman: London School of Economics and SERC; Rosa Sanchis-Guarner: London School of Economics and SERC Presented by: Rosa Sanchis-Guarner, London School of Economics & SERC

The effects of training on own and co-workers productivity: evidence from a field experimentBy Jan Sauermann; Andries De Grip; Maastricht University Presented by: Jan Sauermann, Maastricht University

Productivity and age: Evidence from work teams at the assembly lineBy Axel Börsch-Supan; MEA, Universität Mannheim and NBER; Matthias Weiss; MEA, Universität Mannheim Presented by: Matthias Weiss, Universität Mannheim


Session Chair: Jie Zheng, Washington University in St. Louis Location: Arts Building AB F001

Patience as Vision of FutureBy Leonardo Guerrero-Luchtenberg; University of Castilla la Mancha

Endogenous Capital in the Rothschild-Stiglitz ModelBy Wanda Mimra; University of Cologne; Achim Wambach; University of Cologne Presented by: Wanda Mimra, University of Cologne

Power and Inefficient InstitutionsBy Lutz-Alexander Busch; University of Waterloo; Abhinay Muthoo; University of Warwick Presented by: Abhinay Muthoo, University of Warwick

Strong Bubbles and Common Expected Bubbles in a Finite Horizon ModelBy Jie Zheng; Washington University in St. Louis

Session 36: Inequality Time: 9:30 - 11:00

Session Chair: Jim Jin, University of St Andrews Location: Arts Building AB LT3

Secessionism and Minority Protection in an Uncertain WorldBy Vincent Anesi; University of Nottingham

On the distributive effect of inflationBy Charles Gottlieb; European University Institute

Savings, Inequality and Automatic StabilizationBy Michal Horvath; University of Oxford; Charles Nolan; University of Glasgow Presented by: Michal Horvath, University of Oxford

Efficient RedistributionBy Felix FitzRoy; University of St. Andrews; Jim Jin; University of St. Andrews Presented by: Jim Jin, University of St Andrews

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Session 37: Microeconomics Time: 9:30 - 11:00

Session Chair: Luca Stanca, University of Milan Bicocca Location: Arts Building AB F003

Self-Esteem, Shame and Personal MotivationBy Roberta Dessi; Toulouse School of Economics (GREMAQ and IDEI) and CEPR; Xiaojian Zhao; Hong Kong University of Science and Technology Presented by: Roberta Dessi; Toulouse School of Economics (GREMAQ and IDEI) and CEPR

The Evolution of Continuous Preferences in Social NetworksBy Berno Büchel; Saarland University; Tim Hellmann; Bielefeld University; Michael M. Pichler; Bielefeld University and University of Valencia. Presented by: Tim Hellmann, Bielefeld University

Sequentiality versus Simultaneity: Interrelated Factor Demand By Magne Krogstad Asphjell; Norwegian School of Economics and Business Administration; Wilko Letterie; Maastricht University; Øivind A. Nilsen; Norwegian School of Economics and Business Administration; Gerard A Pfann; Maastricht University. Presented by: Wilko Letterie, Univ of Maastricht

Influential Listeners: An Experiment on Persuasion Bias in Social NetworksBy Luca Corazzini; University of Padova, Bocconi University; Filippo Pavesi: University of Milan-Bicocca, CEU Budapest; Beatrice Petrovich; University of Milan-Bicocca; Luca Stanca; University of Milan-Bicocca. Presented by: Luca Stanca, University of Milan Bicocca

Session 38: Family Economics Time: 9:30 - 11:00 Session Chair: Alistair Munro, Location: Windsor National Graduate Institute for Policy Studies WIN 00-04

Is it true love? Altruism versus exchange in time and money transfersBy Rob Alessie; University of Groningen and Netspar; Viola Angelini; University of Groningen; Giacomo Pasini; University of Venice and Netspar Presented by: Viola Angelini, University of Groningen

Inheritance Law Reform and Women’s Access to Capital: Evidence from India’s Hindu Succession ActBy Klaus Deininger; World Bank; Aparajita Goyal; World Bank ; Hari Nagarajan; National Council of Applied Economic Research. Presented by: Aparajita Goyal, World Bank

Conditional Cash Transfers, Women and the Demand for FoodBy Orazio Attanasio; UCL and IFS; Valérie Lechene; UCL and IFS Presented by: Valérie Lechene, University College London

Taking it in turn: an experimental test of theories of the householdBy Alistair Munro; National Graduate Institute for Policy Studies, Japan,; Tara McNally; Royal Holloway, University of London; Danail Popov; Royal Holloway, University of London Presented by: Alistair Munro, National Graduate Institute for Policy Studies

Session 39: Econometrics Time: 9:30 - 11:00

Session Chair: Anna Simoni, Università Bocconi Location: Windsor WIN 00-05

A Semiparametric Panel Model for unbalanced data with Application to Climate Change in the United KingdomBy Alev Atak; Queen Mary, University of London ; Oliver Linton; LSE; Zhijie Xiao; Boston College Presented by: Alev Atak, Queen Mary, University of London

Triangular Simultaneous Equations Model under Structural MisspecificationBy Ilker Kandemir; University College London

A consistent nonparametric bootstrap test of exogeneity By Jinhyun Lee; University of St. Andrews

Semiparametric Estimation of Random Coefficients in Structural Economic ModelsBy Stefan Hoderlein; Boston College; Lars Nesheim; University College London; Anna Simoni; Università Bocconi Presented by: Anna Simoni, Università Bocconi

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Session 40: Trade Session Chair: Ahmed Rahman, Time: 9:30 - 11:00 United States Naval Academy Location: Moore Annexe MX034

The Global Arms Trade Network 1950-2007By Anders Akerman; Stockholm University; Anna Larsson; Stockholm University Presented by: Anders Akerman, Stockholm University

Trade and Synchronization in a Multi-Country EconomyBy Luciana Juvenal; Federal Reserve Bank of St. Louis; Paulo Santos Monteiro; University of Warwick Presented by: Luciana Juvenal, Federal Reserve Bank of St Louis

Pricing-to-Market with Trade Liberalization: The Role of Market Heterogeneity and Product Differentiation in India’s ExportsBy Sushanta Mallick; Queen Mary University of London, UK; Helena Marques, University of the Balearic Islands. Presented by: Sushanta Mallick, Queen Mary, University of London

Trade, Technology and the Great DivergenceBy Kevin H. O’Rourke; Trinity College Dublin; Ahmed S. Rahman; United States Naval Academy; Alan M. Taylor; University of California Davis Presented by: Ahmed Rahman, United States Naval Academy

Session 41: Migration Time: 9:30 - 11:00

Session Chair: Joseph Tao-yi Wang, National Taiwan University Location: Windsor WIN 00-03

Cultural Diversity and Economic Growth: Evidence from the US during the Age of Mass MigrationBy Philipp Ager; Markus Brückner, Universitat Pompeu Fabra Presented by: Philipp Ager, University Pompeu Fabra, Barcelona

Migrant Labor Markets and the Welfare of Rural Households in the Developing World: Evidence from ChinaBy Alan de Brauw; IFPRI; John Giles; World Bank Presented by: John Giles, World Bank

Migration, Educational Attainment and Welfare Growth: Evidence from Rural TanzaniaBy Yuya Kudo; Institute of Developing Economies (IDE-JETRO)

Using Brain Drain Migration to Induce Education Investment: An Laboratory Experimental InvestigationBy Yi-Ping Bai; National Taiwan University; Tzu-Hao Wang; National Taiwan University; Joseph Tao-yi Wang; National Taiwan University. Presented by: Joseph Tao-yi Wang, National Taiwan University


Session Chair: Xiaobo Zhang, IFPRI Location: Windsor WIN 01-04

Incidence and Growth of Patent Thickets - The Impact of Technological Opportunities and ComplexityBy Georg von Graevenitz; LMU; Stefan Wagner; LMU; Dietmar Harhoff; LMU Presented by: Georg Graevenitz, LMU

Can Financing Constraints Explain the Evolution of the Firm Size Distribution? New Evidence from U.S. Small BusinessesBy Ralf R Meisenzahl; Federal Reserve Board

Oligopoly Signal-Jamming DynamicsBy Dan Bernhardt; University of Illinois; Bart Taub; Durham Business School Presented by: Bart Taub, Durham University

“Made in China”: Crisis Begets Quality UpgradeBy Jianqing Ruan; Zhejiang University; Xiaobo Zhang; International Food Policy Research Institute (IFPRI). Presented by: Xiaobo Zhang, IFPRI

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Session Chair: Ang Sun, Brown University Location: Windsor WIN 00-02

What is the Role of Democracy in the Ethnicity-Growth Relationship?By Sugata Ghosh; Brunel University; Andros Gregoriou; Bournemouth University, Presented by: Andros Gregoriou, University of Bournemouth

Understanding Take-Up of Social Programs in Developing Countries: Evidence from ChileBy Michael Amior; University College London; Pedro Carneiro; University College London, IFS, Cemmap; Emanuela Galasso; World Bank; Rita Ginja; Uppsala University and IZA Presented by: Rita Ginja, University College London

Do The Poor Gain From Mandated Political Representation? Theory and Evidence from IndiaBy Anirban Mitra; New York University

Divorce, Abortion and Sex Ratio at Birth: The Effect of the Amended Divorce Law in ChinaBy Ang Sun; Brown University Presented by: Ang Sun, Brown University


Session Chair: Anna Vignoles, Institute of Education Location: Management Auditorium MBLT

A natural experiment in school accountability: the impact of school performance information on pupil progress and sortingBy Simon Burgess; CMPO & University of Bristol; Deborah Wilson; Jack Worth; CMPO Presented by: Jack Worth, CMPO

Evaluating the provision of school performance information for school choiceBy Rebecca Allen; Institute of Education, University of London; Simon Burgess; CMPO, University of Bristol. Presented by: Simon Burgess, University of Bristol

The more the merrier? The impact of longer high school on performance in collegeBy Katja Görlitz; Marcus Tamm; RWI Essen Presented by: Marcus Tamm, RWI Essen

The relative importance of local labour market conditions and pupil attainment on post-compulsory schooling decisionsBy Elena Meschi;University of Milan; Jo Swaffield; University of York; Anna Vignoles; Institute of Education. Presented by: Anna Vignoles, Institute of Education

Session 45: Health Economics Session Chair: Thomas Siedler, Time: 15:00 - 16:30 DIW Berlin and University of Essex Location: Moore Annexe MX01

Health in the cities: when the neighborhood matters more than incomeBy Marcel Bilger; University of Chicago; Vincenzo Carrieri; University of Calabria Presented by: Vincenzo Carrieri, University of Salerno

Financing National Health Insurance and Challenge of Fast Population Aging: The Case of TaiwanBy Minchung Hsu; National Graduate Institute for Policy Studies, Tokyo; Pei-Ju Liao; Academia Sinica, Taipei Presented by: Minchung Hsu, National Graduate Institute for Policy Studies

Estimating Individual Non-linear Health Expenditure and Income Relationships using Household Data: an Indonesian SUSENAS CaseBy Jinhyun Lee; University of St. Andrews Presented by: Jinhyun Lee, University of St Andrews

One last puff? Public Smoking Bans and Smoking BehaviourBy Silke Anger; DIW Berlin; Michael Kvasnicka, RWI Essen; Thomas Siedler, DIW Berlin Presented by: Thomas Siedler, DIW Berlin and University of Essex

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Session Chair: Semih Tumen, University of Chicago Location: Windsor WIN 01-02

Stairway to Heaven: Social Connections and Promotions in the Catholic ChurchBy Timothee Carayol; London School of Economics

A characterization of product and labor market imperfections and their dispersion By Sabien Dobbelaere; VU University Amsterdam; Tinbergen Institute; IZA Bonn; Jacques Mairesse; CREST-ENSAE; UNU-MERIT; NBER Presented by: Sabien Dobbelaere, VU University Amsterdam

Are Good-Looking People More Employable? Evidence from a Field ExperimentBy Zeev Shtudiner; Ariel University Center; Bradley Ruffle; Ben Gurion University Presented by: Zeev Shtudiner, Ariel University Center

Social Interactions and Labor Market SearchBy Semih Tumen; Central Bank of Turkey and University of Chicago


Session Chair: Nick Vikander, Edinburgh School of Economics Location: Windsor WIN 01-03

Who pays for job training?By Parantap Basu; Durham University; Anurag Banerjee; Durham University Presented by: Parantap Basu, Durham University

Job Satisfaction and Self-Selection into the Public or Private Sector: Evidence from a Natural ExperimentBy Natalia Danzer; Royal Holloway, University of London and IZA, Bonn Presented by: Natalia Danzer, Royal Holloway, University of London

An Evaluation of the International Experience of Minimum Wages in an Economic DownturnBy Peter Dolton; Royal Holloway; CEP LSE; Chiara Rosazza Bondibene; Royal Holloway Presented by: Chiara Rosazza Bondibene, Royal Holloway, University of London

Team-Based Incentives in Problem-Solving OrganizationsBy Jin-Hyuk Kim; University of Cambridge; Nick Vikander; University of Edinburgh Presented by: Nick Vikander, Edinburgh School of Economics


Session Chair: Robert Routledge, University of Manchester Location: Horton Building HLT 1

Mobile Termination, Network Externalities, and Consumer ExpectationsBy Sjaak Hurkens; Institute for Economic Analysis (IAE-CSIC); Ángel L. López; IESE Business School Presented by: Angel Luis Lopez, IESE Business School

Do firms sell forward for strategic reasons? An application to the natural gas marketBy Remco Van Eijkel; University of Groningen; Jose L. Moraga-Gonzalez; ICREA, IESE Business School and University of Groningen. Presented by: Jose L. Moraga-Gonzalez, ICREA, IESE and University of Groningen

General Equilibrium with Monopolistic Firms and Occasionally Binding Cash-in-Advance ConstraintsBy Huw Dixon; Cardiff University ; Panayiotis M. Pourpourides; Cardiff University Presented by: Panayiotis Pourpourides, Cardiff Business School

On the Bertrand core and equilibrium of a marketBy Robert R. Routledge; University of Manchester

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Session Chair: Michael Waterson, University of Warwick Location: Horton Building HLT 2

Airline Alliances, Antitrust Immunity and Market ForeclosureBy Volodymyr Bilotkach; University of California, Irvine; Kai Hueschelrath; ZEW Centre for European Economic Research Presented by: Kai Hueschelrath, Centre for European Economic Research (ZEW)

Market Structure, Countervailing Power and Price Discrimination: The Case of AirportsBy Alberto Iozzi; University of Rome; Jonathan Haskel; Imperial college Business School; Tommaso Valletti; Imperial College London Presented by: Alberto Iozzi, University of Rome

Retail Concentration, One-Stop Shopping, and Upstream Merger IncentivesBy Vanessa von Schlippenbach; DIW Berlin and Universität Düsseldorf - DICE; Christian Wey; Universität Düsseldorf - DICE Presented by: Vanessa von Schlippenbach, DIW Berlin

Estimation of Search Frictions in the British Electricity MarketBy Monica Giulietti; Nottingham University Business School; Michael Waterson; University of Warwick; Matthijs Wildenbeest; Kelley School of Business, Indiana University. Presented by: Monica Giulietti; Nottingham University Business School


Session Chair: Andreja Lenarcic, Bocconi University Location: Arts Building AB LT1

Deep Habits and the Macroeconomic Effects of Government DebtBy Rym. Aloui; University of Evry

Joint estimates of automatic and discretionary fiscal policyBy Julia Darby; University of Strathclyde; Jacques Melitz; Heriot Watt University and CEPR Presented by: Julia Darby, University of Strathclyde

Sustainable Public Debt, Credit Constraints, and Social WelfareBy Real Arai; Kyoto University; Takuma Kunieda; City University of Hong Kong Presented by: Takuma Kunieda, City University of Hong Kong

The Macroeconomic Effects of Fiscal Policy Shocks in Good Times and BadBy Szabolcs Deak; Andreja Lenarcic; Bocconi University Presented by: Andreja Lenarcic, Bocconi University


Session Chair: Yanos Zylberberg, Paris School of Economics Location: Arts Building AB LT2

Should we trust in leading indicators? Evidence from the recent recessionBy Katja Drechsel; Halle Institute for Economic Research (IWH); Rolf Scheufele; Halle Institute for Economic Research (IWH) Presented by: Rolf Scheufele, Halle Institute for Economic Research

Lending to Uncreditworthy BorrowersBy Rajdeep Sengupta: Federal Reserve Bank of St. Louis

Refinements in risk assessment, interest rates, and banking stabilityBy Jan Wenzelburger, Keele University; Hans Gersbach, ETH Zurich Presented by: Jan Wenzelburger, Keele University

Neither a borrower nor a lender be: resources misallocation in the wake of a severe shockBy Yanos Zylberberg; Paris School of Economics


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Session Chair: Michael McMahon, University of Warwick Location: Arts Building AB G024

Nominal Wage Contracts as a Commitment against Hyperbolic DiscountingBy Rhys ap Gwilym; Bangor University

Optimal Division of Effort between Working and Learning Information about the Financial Market By Guannan Luo; Northwestern University

The optimal Chapter 7 exemption level in a life-cycle model with asset portfolios By Jochen Mankart; University of St. Gallen

Understanding the Macroeconomic Effects of Working Capital in the UKBy Emilio Fernandez-Corugedo; Bank of England; Michael McMahon; University of Warwick; Stephen Millard; Bank of England; Lukasz Rachel; Bank of England Presented by: Michael McMahon, University of Warwick


Session Chair: Christoph Trebesch, Free University of Berlin Location: Arts Building AB F028

Sudden Stops: Are Global and Local Investors Alike?By Cesar Augusto Calderon; The World Bank; Megumi Kubota; University of York Presented by: Cesar Calderon, The World Bank

Targeting Autocrats: Economic Sanctions and Regime ChangeBy Manuel Oechslin; University of Bern

In Quest for a Robust Model for the Exchange Rate: A Collective ApproachBy Evgenia Passari; Cass Business School

Pricing Haircuts: Do Markets Punish Low Recovery Values in Sovereign Restructurings?By Christoph Trebesch; Free University of Berlin; Juan Cruces; Universidad Torcuato di Tella Presented by: Christoph Trebesch, Free University of Berlin

Session 54: Public Economics Time: 15:00 - 16:30

Session Chair: Kimberley Scharf, Warwick University Location: Windsor WIN 01-05

Local Price Variation and the Tax Incidence of State LotteriesBy Thomas A. Garrett; Natalia A. Kolesnikova; Federal Reserve Bank of St. Louis Presented by: Thomas Garrett, Federal Reserve Bank of St. Louis

On the optimality of joint taxation for non-cooperative couplesBy Volker Meier; Helmut Rainer; Ifo Institute for Economic Research Presented by: Volker Meier, Ifo Institute for Economic Research

Tax Evasion, Information Reporting and the Regressive Bias HypothesisBy Simon Halphen Boserup; Jori Veng Pinje; University of Copenhagen Presented by: Jori Pinje, U. Copenhagen

Rational inattention to subsidies for charitable contributionsBy Kimberley Scharf; University of Warwick and LSE; Sarah Smith; University of Bristol and CMPO Presented by: Kimberley Scharf, Warwick University

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Session Chair: Paul Segal, Sussex University Location: Horton Building H321

Benefiting from the presence of rivals: second sourcing with capacity constrained firms and locked in buyers By Gherardo Gino Giuseppe Girardi; London Metropolitan University Presented by: Gherardo Girardi, London Metropolitan University

Choose the Neighbor Before the House: Agglomeration Externalities in UK Science ParksBy Christian Helmers; Universidad Carlos III de Madrid Presented by: Christian Helmers, Universidad Carlos III de Madrid

Maximizing the value of science: no news can be good newsBy Michael Mandler; Royal Holloway College, University of London

Natural Resource Wealth and Directed Technical ChangeBy Paul Segal; University of Sussex.

Session 56: Growth Time: 15:00 - 16:30

Session Chair: Maximilian von Ehrlich, ETH Zurich Location: Arts Building AB LT3

Aggregation versus Heterogeneity in Cross-Country Growth EmpiricsBy Markus Eberhardt; Francis Teal; University of Oxford Presented by: Markus Eberhardt, Centre for the Study of African Economics, University of Oxford

Speed Up or Slow Down? The Effects of Capital Investment Grants on German Regional GrowthBy Björn Alecke; GEFRA; Timo Mitze; RWI; Gerhard Untiedt; GEFRA Presented by: Timo Mitze, RWI

Autocratic Transitions and GrowthBy Tommaso Nannicini; Bocconi University; Roberto Ricciuti; University of Florence Presented by: Roberto Ricciuti, University of Florence

Too much of a good thing? On the growth effects of the EU’s regional policyBy Sascha O. Becker; University of Warwick; Peter H. Egger; ETH Zurich; Maximilian von Ehrlich; ETH Zurich Presented by: Maximilian von Ehrlich, ETH Zurich


Session Chair: Gauthier Lanot, Keele University Location: Arts Building AB F003

Sectoral Comovement and Equilibrium Unemployment in a Monetary Economy with Housing ProductionBy Federico Di Pace; University of Warwick

Self-fulfilling Beliefs and Bounded Bubbles in the U.S. Housing MarketBy Masanori Kashiwagi; European University Institute

Is there Evidence of Shift-Contagion in International Housing Markets?By Olivier de Bandt; Banque de France; Sheheryar Malik; Banque de France and University of Warwick Presented by: Sheheryar Malik, Banque de France

A Model of Competing Risk and Unobserved Heterogeneity Applied to the Loan Performance of United Kingdom Securitised Subprime Mortgage DebtBy Gauthier Lanot; Keele University; David Leece; Manchester Metropolitan University Business School Presented by: Gauthier Lanot, Keele University


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Session Chair: Elena Martinez-Sanchis, University of Alicante Location: Windsor WIN 01-04

Sharp identified sets for discrete variable IV modelsBy Konrad Smolinski; CeMMAP; Andrew Chesher; UCL and CeMMAP Presented by: Konrad Smolinski, CeMMAP

Bilateral Search and Horizontal HeterogeneityBy Dirk Hofmann; Humboldt-University Berlin; Salmai Qari; Max-Planck-Research Center for Tax Law and Public Finance Presented by: Salmai Qari, Max Planck Institute for Intellectual Property

Counterfactual Distributions of Wages via Quantile Regression with EndogeneityBy Ilker Kandemir; University College London; Elena Martinez Sanchis; University of Alicante; Juan Mora; University of Alicante Presented by: Elena Martinez-Sanchis, University of Alicante


Session Chair: Benjamin Protte, University of Mannheim Location: Windsor WIN 00-04

Media Markets, Special Interests, and VotersBy Leopoldo Fergusson; Massachusetts Institute of Technology

Lame Ducks and the MediaBy Oliver Latham: University of Cambridge

The Tuesday Advantage of Candidates Endorsed by American NewspapersBy Fernanda Leite Lopez de Leon; University of East Anglia, Cornell University

Does Fleet Street shape politics? How newspaper reporting on globalization changes the demand for unemployment insuranceBy Benjamin Protte; University of Mannheim


Session Chair: Xin Zhang, Tinbergen Institute / VU Amsterdam Location: Windsor WIN 00-05

Uniform in Bandwidth Tests of Specification For Conditional Moment Restrictions ModelsBy Pierre Evariste Nguimkeu; Simon Fraser University; Pascal Lavergne; Toulouse School of Economics Presented by: Pierre Evariste Nguimkeu, Simon Fraser University

A causal interpretation of extensive and intensive margin effects in generalized Tobit modelsBy Kevin Staub; University of Zurich

Inference on stochastic time varying parameter modelsBy Liudas Giraitis; Queen Mary; George Kapetanios; Queen Mary and Bank of England; Tony Yates; Bank of England Presented by: Tony Yates, Bank of England

A New Model for Dynamic Correlations with Generalized Hyperbolic DistributionsBy Xin Zhang; Tinbergen Institute Amsterdam, VU Amsterdam

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Session 61: Trade Time: 15:00 - 16:30 Session Chair: Marianne Sensier, Location: Moore Annexe Seminar University of Manchester Room MX034

On the international transmission of productivity shocksBy Daniela Buscaglia; Tor Vergata University

Industry Connections and the Persistent Effects of Temporary Trade Shocks: Evidence From 19th Century BritainBy William Walker Hanlon; Columbia University

Foreign Direct Investment and Natural ResourcesBy Steven Poelhekke; De Nederlandsche Bank; Frederick van der Ploeg; University of Oxford Presented by: Steven Poelhekke, University of Oxford

Investigating Agglomeration Economies in a panel of European Cities and RegionsBy Marianne Sensier; University of Manchester; Declan Curran; Dublin City University; Michael Artis; Swansea University Presented by: Marianne Sensier, University of Manchester

Session 62: Trade Time: 15:00 - 16:30

Session Chair: Mirco Tonin, University of Southampton Location: Windsor WIN 00-03

An evaluation of the employment effects of barriers to outsourcingBy Subhayu Bandyopadhyay; Federal Reserve Bank of St. Louis; Sugata Marjit; Center for Studies in Social Sciences; Lei Yang; The Hong Kong Polytechnic University Presented by: Subhayu Bandyopadhyay, Federal Reserve Bank of St. Louis

Why Do Similar Countries Choose Different Policies? Endogenous Comparative Advantage and Welfare GainBy Arpita Chatterjee; Princeton University

Firm Selection into Export-platform Foreign Direct InvestmentBy Monika Mrázová; London School of Economics; J. Peter Neary; University of Oxford and CEPR Presented by: Peter Neary, University of Oxford

Enforcing Import Tariffs (and Other Taxes)By Mirco Tonin; University of Southampton

Session 63: Institutions and Growth Time: 15:00 - 16:30 Session Chair: Siddhartha Bandyopadhyay, Location: Arts Building University of Birmingham AB F001

A Causal Measure of FreedomBy Hendrik Rommeswinkel; University of St.Gallen

Labor and Financial Frictions and Aggregate FluctuationsBy Haroon Mumtaz; Bank of England; Francesco Zanetti; Bank of England Presented by: Haroon Mumtaz, Bank of England

Gross Capital Flows: Dynamics and CrisesBy Fernando Broner; Universitat Pompeu Fabra; Tatiana Didier; World Bank; Aitor Erce; Bank of Spain; Sergio L. Schmukler; World Bank Presented by: Aitor Erce, Bank of Spain

The Effect of the Election of Prosecutors on Criminal TrialsBy Siddhartha Bandyopadhyay; University of Birmingham; Bryan C. McCannon; Wake Forest University Presented by: Siddhartha Bandyopadhyay, University of Birmingham


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Session Chair: Paul Schweinzer, University of York Location: Arts Building AB F001

How to connect under incomplete informationBy Dinko Dimitrov; Saarland University; Claus-Jochen Haake; University of Paderborn Presented by: Dinko Dimitrov, Saarland University

Signaling in Deterministic and Stochastic SettingsBy Thomas D. Jeitschko; Michigan State University and USDOJ; Hans-Theo Normann; Duesseldorf Institute for Competition Economics (DICE) Presented by: Hans Normann, University of Duessledorf

Efficient Emissions ReductionBy Beatrice Roussillon; University of Manchester; Paul Schweinzer; University of York Presented by: Paul Schweinzer, University of York


Session Chair: Gareth Myles, University of Exeter Location: Management Auditorium MBLT

Education and Youth Crime: Exploring the Causal RelationshipBy Olivier Marie; ROA and CEP; Tanja Traag; CBS; Rolf van der Velden; ROA Presented by: Olivier Marie, University of Maastricht

The effect of childhood education on old age cognitive abilities: evidence from a Regression Discontinuity designBy Fabrizio Mazzonna; University of Rome Tor Vergata; James Banks,IFS and University of Manchester Presented by: Fabrizio Mazzonna, University of Rome Tor Vergata

The Graduate Tax when Education Signals Ability By Russayani Ismail; Universiti Utara Malaysia; Gareth D. Myles; University of Exeter and Institute for Fiscal Studies Presented by: Gareth Myles, University of Exeter

Session 66: Health Economics Session Chair: Luca Savorelli, Time: 17:00 - 18:00 Università di Bologna Location: Moore Annexe MX01

Back to Life: The Potential Market for Kidney Transplants in GermanyBy Thu-Van Nguyen; Ruhr University of Bochum; John P. Haisken-DeNew; Ruhr University of Bochum, RWI Essen, McMaster University, IZA Presented by: Thu-Van Nguyen, Ruhr University of Bochum

The effects of the generalized use of iodized salt on occupational patterns in Switzerland.By Dimitra Politi; The University of Edinburgh

Thinness and obesity: a model of food consumption, health concerns, and social pressureBy Davide Dragone; University of Bologna; Max Planck Institute of Economics; Luca Savorelli; University of Bologna; University of Siena Presented by: Luca Savorelli, Università di Bologna

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Session Chair: Martina Kirchberger, University of Oxford Location: Windsor WIN 01-03

Wage Rigidity, Collective Bargaining and the Minimum Wage: Evidence from French Agreement Data By Sanvi Avouyi-Dovi; Banque de France and Université de Paris-Dauphine; Denis Fougère; CREST, CNRS, IZA, Banque de France, and CEPR; Erwan Gautier; Université de Nantes LEMNA Presented by: Erwan Gautier, Université de Nantes

Sticky Prices vs. Sticky Information: A Cross-Country Study of Inflation DynamicsBy Christian Bredemeier; TU Dortmund and RGS Econ; Henry Goecke; TU Dortmund Presented by: Henry Goecke, TU Dortmund

Natural Disasters and Labor MarketsBy Martina Kirchberger; University of Oxford

Session 68: Labour Economics Time: 17:00 - 18:00 Session Chair: Konstantinos Tatsiramos, Location: Horton Building Institute for the Study of Labor (IZA) H 321

Real Wages, Wage Inequality and the Regional Cost-of-living in the UKBy Cinzia Rienzo; Royal Holloway, University of London &; COMPAS, University of Oxford Presented by: Cinzia Rienzo, Royal Holloway, University of London

Cyclicality of Wages and Union PowerBy Annaïg Morin; Bocconi University

Friends’ Networks and Job Finding RatesBy Lorenzo Cappellari; Università Cattolica in Milan; Konstantinos Tatsiramos; IZA, Bonn

Session 69: Health Economics Time: 17:00 - 18:00

Session Chair: Almudena Sevilla Sanz, University of Oxford Location: Windsor WIN 00-02

A Ticket to Ride: Does Free Bus Travel Promote Active Ageing?By Elaine Kelly; University College London and Institute for Fiscal Studies

Social Networks and Mental Health: Evidence from SHAREBy Sarah Gibney; University College Dublin; Mark McGovern; University College Dublin Presented by: Mark McGovern, University College Dublin

Time to Cook: Expenditure at Retirement in SpainBy Maria Luengo Prado; Northeastern University; Almudena Sevilla-Sanz; University of Oxford Presented by: Almudena Sevilla Sanz, University of Oxford


Session Chair: Grischa Perino, University of East Anglia Location: Horton Building HLT 2

Knowledge Linkages and Multi-product Firm InnovationsBy Nan Li; Ohio State University; Jie (April) Cai; University of New South Wales Presented by: Nan Li, Ohio State University

Risk, Limited Liability and Firm ScopeBy Di Pei; Tsinghua University, BJ, PRC

Price Discrimination Based on Downstream Regulation: Evidence from the Market for SO2 ScrubbersBy Grischa Perino; University of East Anglia


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Session 71: Macroeconomics Time: 17:00 - 18:00 Session Chair: Genaro Sucarrat, Location: Arts Building BI Norwegian School of Management AB LT1

Are Cholesky-VARs reliable? An investigation with Euro data By Efrem Castelnuovo; University of Padova

A Multiple Break Panel Approach to Estimating United States Phillips CurvesBy Bill Russell; University of Dundee; Anindya Banerjee; University of Birmingham; Issam Malki; University of Bath; Natalia Ponomareva; Macquarie University Presented by: Bill Russell, University of Dundee

The Power Log-GARCH ModelBy Genaro Sucarrat; BI Norwegian School of Management, Alvaro Escribano; Universidad Carlos III de Madrid Presented by: Genaro Sucarrat, BI Norwegian School of Management


Session Chair: Maria Porter, University of Oxford Location: Arts Building AB LT2

Intergenerational network externalities in childcare time and macroeconomic performanceBy Nigar Hashimzade; University of Reading

Intergenerational Transmission of Inflation Aversion: Theory and EvidenceBy Etienne Farvaque; University of Lille 1; Alexander Mihailov; University of Reading and University of Warwick Presented by: Alexander Mihailov, University of Reading

Housing Windfalls and Intergenerational Transfers in ChinaBy Maria Porter; University of Oxford; Albert Park; University of Oxford Presented by: Maria Porter, University of Oxford


Session Chair: Li-Min Wang, National Cheng Kung University Location: Arts Building AB G024

Commodity Price Volatility and the Sources of GrowthBy Tiago Cavalcanti; University of Cambridge; Kamiar Mohaddes; University of Cambridge; Mehdi Raissi; University of Cambridge Presented by: Kamiar Mohaddes, University of Cambridge

Decentralized Exchange, Out-of-equilibrium Dynamics and Convergence to EfficiencyBy Sayantan Ghosal; University of Warwick; James Porter; University of Warwick Presented by: James Porter, University of Warwick

Volatility Contagion: A Range-based Volatility ApproachBy MIN-HSIEN CHIANG; Institute of International Business, National Cheng Kung University; LI-MIN WANG; Institute of International Business, National Cheng Kung University Presented by: Li-Min Wang, National Cheng Kung University


Session Chair: Matthias Paustian, Bank of England Location: Windsor WIN 00-03

Fear of model misspecification and the robustness premiumBy Konstantinos Angelopoulos; University of Glasgow; James Malley; University of Glasgow and CESifo Presented by: Konstantinos Angelopoulos, University of Glasgow

Foreign Languages and TradeBy Jarko Fidrmuc; Austrian Central Bank, CESifo Munich Jan Fidrmuc; Brunel University London, CEPR London Presented by: Jarko Fidrmuc, Austrian Central Bank

Contract Indexation and Agency CostsBy Charles T. Calstrom, FRB Cleveland; Timothy S. Fuerst, Bowling Green State ; Matthias Paustian, Bank of England. Presented by: Matthias Paustian, Bank of England

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Session 75: Finance Time: 17:00 - 18:00

Session Chair: Evangelia Vourvachaki, CERGE-EI Location: Arts Building AB F028

Can analysts help to predict stock returns? Implied cost of capital and value-to-price ratio in international capital marketsBy Florian Esterer; Swisscanto; David Schroeder; University of London, Birkbeck Presented by: David Schroeder, University of London, Birkbeck

Rational price-contingent trading and asset price dynamicsBy Stefano Rossi; Imperial College Business School; Katrin Tinn; Imperial College Business School Presented by: Katrin Tinn, Imperial College Business School

Can overpricing technology stocks be good for welfare? Positive spillovers vs. equity market losses.By Katrin Tinn; Imperial College London; Evangelia Vourvachaki; CERGE-EI Presented by: Evangelia Vourvachaki, CERGE-EI


Session Chair: Jing Xing, University of Oxford Location: Windsor WIN 01-05

Passing It On: The Incidence of the Corporate Income Tax under Imperfect CompetitionBy Li Liu; Rutgers University and Centre for Business Taxation, Said Business School, Oxford University; Rosanne Altshuler; Rutgers University Presented by: Li Liu, University of Oxford

Corporate taxes and intra-firm tradeBy Peter Egger; ETH Zurich, CEPR, CESifo, GEP; Tobias Seidel; ETH Zurich, CESifo Presented by: Tobias Seidel, ETH Zurich

Corporate Taxation and Capital AccumulationBy Stephen Bond; Nuffield College, and Centre for Business Taxation, University of Oxford, and Institute for Fiscal Studies.; Jing Xing; Nuffield College, and Centre for Business Taxation, University of Oxford Presented by: Jing Xing, University of Oxford

Session 77: Behavioural Economics Time: 17:00 - 18:00 Session Chair: Jakub Growiec, Location: Windsor National Bank of Poland & Warsaw School of Economics WIN 01-02

The Impact of Cooperation Defaults on Voluntary Contributions to Public GoodsBy Steffen Altmann; IZA Bonn; Armin Falk; University of Bonn Presented by: Steffen Altmann, IZA Bonn and University of Bonn

Static vs. Dynamic: Field Evidence on Multiple Reference PointsBy Björn Bartling; University of Zurich; Leif Brandes; University of Zurich; Daniel Schunk; University of Zurich Presented by: Leif Brandes, University of Zurich

Social Capital, Trust, and Multiple Equilibria in Economic PerformanceBy Katarzyna Growiec; Warsaw School of Social Sciences and Humanities; Jakub Growiec; National Bank of Poland and Warsaw School of Economics Presented by: Jakub Growiec, National Bank of Poland & Warsaw School of Economics


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Session Chair: Julien Fouquau, Rouen Business School Location: Arts Building AB LT3

Unconventional Monetary Policy and the Great RecessionBy Christiane Baumeister; Bank of Canada; Luca Benati; Banque de France Presented by: Christiane Baumeister, Bank of Canada

On the Sources of Euro Area Money Demand Stability: A Time Varying Cointegration AnalysisBy Matteo Barigozzi; London School of Economics; Antonio Conti; Bank of Italy, ECARES and Sapienza University of Rome Presented by: Antonio M. Conti, Bank of Italy

What Drove the Massive Hoarding of International Reserves in Emerging Countries? A Time-Varying ApproachBy Anne Laure Delatte; Rouen Business School; Julien Fouquau; Rouen Business School Presented by: Julien Fouquau, Rouen Business School


Session Chair: Giovanni Melina, University of Surrey Location: Arts Building AB F003

Form or Function? The Impact of New Football Stadia on Property Prices in LondonBy Gabriel M. Ahlfeldt; LSE; Georgios Kavetsos; Cass Business School Presented by: Gabriel M. Ahlfeldt, LSE

Tax Competition among Local Governments: Evidence from a Property Tax Reform in FinlandBy Teemu Lyytikäinen; LSE, SERC

Fiscal Policy in an Estimated SOE-DSGE Model for the UKBy Giovanni Melina; Birkbeck College, University of London, and University of Surrey; Stefania Villa; Birkbeck College, University of London Presented by: Giovanni Melina, University of Surrey

Session 80: Consumption Time: 17:00 - 18:00

Session Chair: Andrea Giovanni Tamoni, Bocconi Location: Windsor WIN 00-04

Jealous of the Joneses: Conspicuous Consumption, Inequality and CrimeBy Daniel L. Hicks; University of Oklahoma; Joan Hamory Hicks; University of California, Berkeley CEGA Presented by: Daniel Hicks, University of Oklahoma

Credit Market Architecture and the Boom and Bust in US ConsumptionBy John V. Duca; Federal Reserve Bank of Dallas and Southern Methodist University; John Muellbauer; Nuffield College Oxford; Anthony Murphy; Federal Reserve Bank of Dallas Presented by: Anthony Murphy, Federal Reserve Bank of Dallas

Long Run Risk and the Persistence of Consumption ShocksBy FULVIO ORTU; Bocconi University and IGIER; ANDREA TAMONI; Bocconi University and IGIER; CLAUDIO TEBALDI; Bocconi University and IGIER Presented by: Andrea Giovanni Tamoni, Bocconi University


Session Chair: Arthur Lewbel, Boston College Location: Windsor WIN 00-05

Convex treatment response and treatment selectionBy Stefan Boes. University of Bern

Sharp Bounds on Heterogeneous Individual Treatment ResponsesBy Jinhyun Lee; University of St. Andrews.

Regression Discontinuity Marginal Threshold Treatment EffectsBy Yingying Dong: California State University Fullerton ; Arthur Lewbel; Boston College Presented by: Arthur Lewbel, Boston College

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Session 82: Environmental Economics

Session Chair: Dirk Brounen, Time: 17:00 - 18:00

Erasmus University Location: Moore Annexe Seminar Room MX034

Does Adaptation to Climate Change Provide Food Security?By Salvatore Di Falco; London School of Economics; Marcella Veronesi; Institute for Environmental Decisions, ETH Zurich; Mahmud Yesuf; Environment for Development Initiative Ethiopia and Kenya Presented by: Salvatore Di Falco, London School of Economics

Efficiency, productivity and environmental policy: a case study of power generation in the EUBy Jurate Jaraite; Umea University; Corrado Di Maria; Queen’s University Belfast Presented by: Corrado Di Maria, University of Birmingham

Residential Energy Use and Conservation: Economics, Demographics, and StandardsBy Dirk Brounen, Erasmus University; John M. Quigley; University of California Berkeley; Nils Kok; Maastricht University Presented by: Dirk Brounen, Erasmus University

Session 83: Gender Economics Time: 17:00 - 18:00

Session Chair: Daniela Rützler, University of Innsbruck Location: Windsor WIN 01-04

The Impact of Gender Composition on Team Performance and Decision-Making: Evidence from the FieldBy Jose Apesteguia; University Pompeu Fabra ; Ghazala Azmat; University Pompeu Fabra; Nagore Iriberri; University Pompeu Fabra Presented by: Ghazala Azmat, University Pompeu Fabra

Is Rent Sharing a Driver of the Gender Wage Gap? a Distributional ApproachBy Alessia Matano; University of Rome “La Sapienza”; Paolo Naticchioni; University of Cassino, University of Rome “La Sapienza”, CeLEG-Luiss. Presented by: Alessia Matano, University of Rome

Gender Differences in Competition Emerge Early in LifeBy Matthias Sutter, University of Innsbruck, University of Gothenburg and IZA; Daniela Rützler, University of Innsbruck Presented by: Daniela Rützler, University of Innsbruck

Session 84: Finance Time: 17:00 - 18:00

Session Chair: Lukas Vogel, European Commission Location: Horton Building HLT 1

Do banks benefit from internationalization? Revisiting the market power-risk nexus By Cathérine Koch; University of Zurich; Claudia Buch; University of Tuebingen; Michael Koetter; University of Groningen Presented by: Michael Koetter, RUG

International Financial Flows and Real Exchange RatesBy Francesca Viani; Bank of Spain.

China’s External Surplus: Simulations with a Global Macroeconomic ModelBy Lukas Vogel; DG Economic and Financial Affairs, European Commission


Session Chair: Sara Amoroso, Tilburg University Location: Arts Building AB S024

Regulating investments in vertically related industriesBy Dominik Ruderer; Max Planck Institute for Intellectual Property and University of Munich

Bayesian Analysis of R&D Cooperation DeterminantsBy Sara Amoroso; Tilburg University.

Bounded Rationality In Finite AutomataBy Christos A Ioannou; University of Southampton; Ioannis Nompelis; University of Minnesota Presented by: Christos Ioannou, University of Southampton

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Session Chair: Geethanjali Selvaretnam, University of St Andrews Location: Windsor WIN 00-02

Poverty and aspirations failureBy Patricio S. Dalton; CentER, Tilburg University; Sayantan Ghosal; University of Warwick; Anandi Mani; University of Warwick. Presented by: Patricio Dalton, Tilburg University

After Displacement: The Economic Consequences of Forced Displacement in Northern UgandaBy Nathan Fiala; World Bank.

Accounting for China’s Long-term Growth: How Important is Demographic Change?By Minchung Hsu; National Graduate Institute for Policy studies (GRIPS); Pei-Ju Liao; Institute of Economics, Academia Sinica; Min Zhao; The World Bank Beijing Office Presented by: Pei-Ju Liao, Institute of Economics, Academia Sinica

Humanitarian aid: short term immediate relief vs long term rebuildingBy Geethanjali Selvaretnam; University of St Andrews; Kannika Thampanishvong; University of St Andrews; David Ulph; University of St Andrews Presented by: Geethanjali Selvaretnam, University of St Andrews


Session Chair: Yu Zhu, University of Kent Location: Management Auditorium MBLT

Variation of Learning Intensity in Late Adolescence and the Impact on Noncognitive SkillsBy Bettina Büttner; University of Magdeburg; Hendrik Thiel; University of Magdeburg; Stephan Thomsen; University of Magdeburg and ZEW Mannheim Presented by: Hendrik Thiel, Otto von Guericke University Magdeburg

Starting school and leaving welfare: the impact of public education on lone parents’ welfare receiptBy Mike Brewer; Institute for Fiscal Studies; Claire Crawford; Institute for Fiscal Studies and Institute of Education. Presented by: Claire Crawford, IFS

The Impact of Teenage Motherhood on the Education and Fertility Decisions of Their Children: Evidence for EuropeBy Maria Navarro; Lancaster University; Ian Walker; Lancaster University Presented by: Maria Navarro Paniagua, Lancaster University

Differences by Degree: Evidence of the Net Financial Rates of Return to Undergraduate Study for England and WalesBy Ian Walker; Lancaster University Management School; Yu Zhu; Univerisity of Kent Presented by: Yu Zhu, University of Kent

Session 88: Institutions Time: 9:30 - 11:00

Session Chair: Stephan Seiler, London School of Economics Location: Horton Building H321

Material Interests, Moral Reputation, and Crowding Out Species Protection on Private LandBy Prasenjit Banerjee; University of Manchester; Jason F. Shogren; University of Wyoming Presented by: Prasenjit Banerjee, University of Manchester

What Do Outside Experts Bring To A Committee? Evidence From The Bank of EnglandBy Stephen Hansen; Universitat Pompeu Fabra; Michael McMahon; University of Warwick Presented by: Stephen Hansen, Universitat Pompeu Fabra

Brothers in Arms - An Experiment on the Alliance PuzzleBy Changxia Ke; Max Planck Institute for Intellectual Property, Competition and Tax Law; Kai A. Konrad; Florian Morath; Department of Public Economics Presented by: Changxia Ke, Max Planck Institute for Tax Law and Public Finance

Entry with Social PlanningBy Pasquale Schiraldi; LSE; Stephan Seiler; LSE; Howard Smith; LSE Presented by: Stephan Seiler, London School of Economics

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Session 89: Labour Economics Time: 9:30 - 11:00 Session Chair: Falko Juessen, Location: Windsor Technische Universität Dortmund and IZA WIN 01-02

Workplace Deviance and the Business CycleBy Aniruddha Bagchi; Kennesaw State University; Siddhartha Bandyopadhyay; University of Birmingham Presented by: Aniruddha Bagchi, Kennesaw State University

What drives taxi drivers? A field study on expert servicesBy Loukas Balafoutas; University of Innsbruck; Adrian Beck; University of Innsbruck; Rudolf Kerschbamer; University of Innsbruck; Matthias Sutter; University of Innsbruck Presented by: Adrian Beck, University of Innsbruck

Childcare Costs, Female Employment and Public PolicyBy Eva M. Garcia-Moran; Universidad Carlos III de Madrid Presented by: Eva Garcia-Moran, Universidad Carlos III de Madrid

Assortative Mating and Female Labor SupplyBy Falko Juessen; TU Dortmund University and IZA; Christian Bredemeier; TU Dortmund University


Session Chair: Mathis Wagner, Boston College Location: Windsor WIN 01-03

Routinization-Biased Technical Change, Globalization and Labor Market Polarization: Does Theory Fit the Facts?By Jaewon Jung; RWTH Aachen U.; Jean Mercenier; U. Panthéon-Assas (Paris 2) Presented by: Jean Mercenier, Université Panthéon-Assas (Paris 2)

Who benefits from reducing the cost of formality? Quantile regression discontinuity analysisBy Tommaso Gabrieli; University of Reading; Antonio F. Galvao; University of Iowa; Gabriel V. Montes-Rojas; City University London Presented by: Gabriel Montes-Rojas, City University London

Do Wage Differentials Compensate Enough? Compensating Wage Differentials and the Impact on Social LifeBy Juliane Scheffel; Humboldt-Universität zu Berlin

The Heterogeneous Labor Market Effects of ImmigrationBy Mathis Wagner; Boston College

Session 91: Industrial Organisation Time: 9:30 - 11:00 Session Chair: Michiel van Leuvensteijn, Location: Horton Building CPB Netherlands Bureau for Economic Policy Analysis HLT 1

Verti-zontal Differentiation in Monopolistic CompetitionBy Francesco Di Comite; IRES, Université Catholique de Louvain; Jacques-François Thisse; CORE, Université Catholique de Louvain; Hylke Vandenbussche; CORE and IRES, Université Catholique de Louvain Presented by: Francesco Di Comite, Université Catholique de Louvain

The Inefficiency of Market Transparency - A Model with Endogenous EntryBy Yiquan Gu; University of Dortmund; Burkhard Hehenkamp; University of Dortmund Presented by: Burkhard Hehenkamp, University of Dortmund

Market imperfections and firm-sponsored trainingBy Matteo Picchio; Tilburg University; Jan C. van Ours; Tilburg University Presented by: Matteo Picchio, Tilburg University

Measuring competition using the Profit Elasticity:Sugar Industry, 1890-1914By Jan Boone; Tilburg University; Michiel van Leuvensteijn; CPB Netherlands Bureau for Economic Policy Analysis. Presented by: Michiel van Leuvensteijn, CPB Netherlands Bureau for Economic Policy Analysis


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Session Chair: Alejandro Zentner, University of Texas at Dallas Location: Horton Building HLT 2

The long-term impact of wind power on electricity prices and generating capacityBy Richard Green; University of Birmingham; Nicholas Vasilakos; University of Birmingham Presented by: Richard Green, Institute for Energy Research

Free commuter newspapers and the market for paid-for daily newspapersBy Michal Masika; University of Munich

How Broadcasting Quotas Harm Program DiversityBy Mathieu Perona; Paris School of Economics and SciencesPo Paris

Measuring the Impact of File Sharing on the Movie Industry: An Empirical Analysis Using a Panel of Countries By Alejandro Zentner, University of Texas at Dallas


Session Chair: Mara Pirovano, University of Antwerp/KULeuven Location: Arts Building AB LT1

Expected and unexpected bond excess returns: Macroeconomic and market microstructure effectsBy Christoph Fricke; Leibniz University Hannover

Level, Slope, Curvature of the Sovereign Yield Curve, and Fiscal BehaviourBy António Afonso; ISEG/TULisbon, UECE; European Central Bank; Manuel M. F. Martins; University of Porto, Cef.up Presented by: Manuel Martins, University of Porto

Long-run effects of idiosyncratic uncertainty in a model with credit market frictionsBy Santiago Acosta Ormaechea; International Monetary Fund; Atsuyoshi Morozumi; University of Nottingham Presented by: Atsuyoshi Morozumi, University of Nottingham

Financial Integration, Monetary Policy and Stock Prices: Empirical Evidence for the New EU Member StatesBy Mara Pirovano; University of Antwerp/KULeuven


Session Chair: Ozge Senay, University of St Andrews Location: Arts Building AB LT2

Effects of monetary policy on the $/£ exchange rate. Is there a ‘delayed overshooting puzzle’?By Reinhold Heinlein; University of Kent; Hans-Martin Krolzig; University of Kent Presented by: Reinhold Heinlein, University of Kent

Optimal conventional and unconventional monetary policy in the presence of collateral constraints and the zero boundBy Charles Brendon, Oxford University; Matthias Paustian, Bank of England; Tony Yates, Bank of England Presented by: Charles Brendon, Oxford University

Loss Aversion and the Transmission of Monetary PolicyBy Edoardo GAFFEO; University of Trento; Ivan PETRELLA; Catholic University of Leuven; Damjan PFAJFAR; University of Tillburg; Emiliano SANTORO; Catholic University of Milan and University of Copenhagen Presented by: Ivan Petrella, Catholic University of Leuven

Endogenous Price Flexibility and Optimal Monetary PolicyBy Ozge Senay; University of St Andrews; Alan Sutherland; University of St Andrews Presented by: Ozge Senay, University of St Andrews

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Session Chair: Roland Meeks, Bank of England Location: Arts Building AB F028

Forecasting and Policy Analysis in Real-Time During Periods of High VolatilityBy Carlo Altavilla; University of Naples Parthenope; Matteo Ciccarelli; European Central Bank Presented by: Carlo Altavilla, University of Naples Parthenope

Measuring Euro Area Monetary Policy Transmission in a Structural Dynamic Factor ModelBy Matteo Barigozzi; LSE; Antonio Conti; Bank of Italy, ECARES, Universite’ libre de Bruxelles; Matteo Luciani; ECARES, Universite’ libre de Bruxelles Presented by: Matteo Barigozzi, London School of Economics and Political Science

Measuring the Natural Output Gap using Actual and Expected Output DataBy Anthony Garratt; Birkbeck College, University of London; Kevin Lee; University of Leicester; Kalvinder Shields; University of Melbourne Presented by: Kevin Lee, University of Nottingham

Do credit market shocks drive output fluctuations? Evidence from corporate spreads and defaultsBy Roland Meeks; Bank of England.


Session Chair: Sarah Smith, CMPO, University of Bristol Location: Windsor WIN 01-05

Political competition and Mirrleesian income taxation: A first passBy Felix J. Bierbrauer; Max Planck Institute Bonn; Pierre C. Boyer; Universty of Mannheim Presented by: Pierre Boyer, University of Mannheim

Optimal Income Taxation with Asset AccumulationBy Arpad Abraham; European University Institute; Sebastian Koehne; IIES, Stockholm University; Nicola Pavoni; European University Institute. Presented by: Sebastian Koehne, Stockholm University

Social mobility and redistributive taxationBy Kai A. Konrad; Max Planck Institute for Tax Law and Public Finance; Florian Morath; Max Planck Institute for Tax Law and Public Finance Presented by: Florian Morath, Max Planck Institute for Tax Law and Public Finance

Crowded in or out? What is the effect of past donations on how much people give to charitable causes?By Sarah Smith; University of Bristol; Frank Windmeijer; University of Bristol; Edmund Wright; University of Bristol. Presented by: Sarah Smith, CMPO, University of Bristol

Session 97: Experimental Economics Time: 9:30 - 11:00

Session Chair: Marcelo Tyszler, University of Amsterdam Location: Arts Building AB F001

Individual Expectations, Limited Rationality and Aggregate OutcomesBy Te Bao; University of Amsterdam; Cars Hommes; University of Amsterdam; Joep Sonnemans; University of Amsterdam; Jan Tuinstra; University of Amsterdam. Presented by: Te Bao, CeNDEF

Can we manage first impressions in cooperation problems? An experimental study on “Broken (and Fixed) Windows” By Christoph Engel; Max Planck Institute for Research on Collective Goods Bonn; Sebastian Kube; Max Planck Institute for Research on Collective Goods Bonn and University of Bonn; Michael Kurschilgen; Max Planck Institute for Research on Collective Goods Bonn Presented by: Michael Kurschilgen, Max Planck Institute Bonn

Roads to development: experimental evidence from urban road pavementBy Climent Quintana-Domeque; Universitat d’Alacant; Marco Gonzalez-Navarro; UC Berkeley Presented by: Climent Quintana-Domeque, Universitat d’Alacant

Preference for Efficiency or Confusion? A Note on a Boundedly Rational Equilibrium Approach to Individual Contributions in a Public Good GameBy Luca Corazzini; University of Padua; Marcelo Tyszler; University of Amsterdam Presented by: Marcelo Tyszler, University of Amsterdam


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Session Chair: Nicholas Oulton, London School of Economics Location: Windsor WIN 00-05

Expansionary and Contractionary Technology ShocksBy Zeno Enders; University of Bonn

Beyond GDP and Back: What is the Value-Added by Additional Components of Welfare Measurement?By Sonja C. Kassenboehmer; RWI Essen; Christoph M. Schmidt; RWI Essen Presented by: Sonja Kassenboehmer, RWI Essen

Getting Normalization RightBy Cristiano Cantore; University of Surrey; Paul Levine; University of Surrey Presented by: Paul Levine, University of Surrey

The wealth and poverty of nations: true PPPs for 141 countriesBy Nicholas Oulton, London School of Economics


Session Chair: Bert Van Landeghem, Maastricht University Location: Arts Building AB LT3

Growth Forecasts, Belief Manipulation and Capital MarketsBy Frederik Lundtofte; Lund University; Patrick Leoni; Euromed Management Presented by: Frederik Lundtofte, Lund University

Economic Development and the Family Structure: from the Pater Familias to the Nuclear FamilyBy Luca Pensieroso; IRES - Université catholique de Louvain; Alessandro Sommacal; University of Verona and Econpubblica, Bocconi University Presented by: Luca Pensieroso, IRES - Université catholique de Louvain

Back To Basics: A Model of Private and Public Investment in Basic Research and Macroeconomic GrowthBy Ufuk Akcigit; University of Pennsylvania; Douglas Hanley; University of Pennsylvania; Nicolas Serrano-Velarde, Oxford University Presented by: Nicolas Serrano-Velarde, Oxford University

Disentangling Age, Time and Cohort Effects in Longitudinal Data: A Test for the Convexity of Human Well-Being over the Life CycleBy Bert Van Landeghem; Maastricht University and University of Leuven


Session Chair: Hannes Ullrich, University of Zurich Location: Windsor WIN 01-04

What Do We Work For? An Anatomy of Pre- and Post-Tax Earnings GrowthBy Anders Frederiksen; Aarhus School of Business; Timothy Halliday; University of Hawaii at Manoa; Alexander K. Koch; Aarhus University. Presented by: Alexander K Koch, Aarhus University

Wage Floors and Optimal Job DesignBy Jenny Kragl; EBS Universität für Wirtschaft und Recht; Anja Schöttner; Universität Bonn Presented by: Jenny Kragl, EBS Universität für Wirtschaft und Recht

Optimal Design of Multi-Stage Elimination Tournaments with Heterogeneous Agents: Theory and Experimental EvidenceBy Wolfgang Höchtl; University of Innsbruck; Rudolf Kerschbamer; University of Innsbruck; Rudi Stracke; University of St.Gallen; Uwe Sunde; University of St.Gallen, IZA Bonn, CEPR London Presented by: Rudi Stracke, University of St. Gallen

Effort Incentives in Nomination Contests: Evidence from Professional SoccerBy Jeanine Miklós-Thal; William E. Simon Graduate School of Business, University of Rochester; Hannes Ullrich; ZEW Centre for European Economic Research Presented by: Hannes Ullrich, University of Zurich

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Session Chair: Andrew Samuel, Loyola - Baltimore Location: Arts Building AB F003

Total Reward in the UK in the Public and Private Sectors.By Alexander M. Danzer; Royal Holloway College, University of London and IZA Bonn; Peter J. Dolton; Royal Holloway College, University of London & Centre for Economic Performance, London School of Economics Presented by: Alexander M. Danzer, Royal Holloway, University of London

Pay Compression: The Role of Public Sector MonopsonyBy Richard F Disney; University of Nottingham; Jelena Lausev; University of Nottingham Presented by: Jelena Lausev, University of Nottingham

Getting Teachers to Remote Locations: Skills versus Preferences By Sonja Fagernas; University of Sussex; Panu Pelkonen; University of Sussex Presented by: Panu Pelkonen, University of Sussex

Resource Allocation for Homeland Defense: Dealing with the team effectBy Seth Guikema; Johns Hopkins University; Andrew Samuel; Assistant Professor, Loyola University Presented by: Andrew Samuel, Loyola - Baltimore

Session 102: Public Economics Time: 9:30 - 11:00 Session Chair: Eugenia Vella, Location: Windsor Athens University of Economics and Business WIN 00-04

The Company You Keep: Qualitative Uncertainty in Providing Club GoodsBy Bipasa DATTA; University of York; Clive D FRASER; University of Leicester Presented by: Bipasa Datta, University of York

Crime, Inequality, and the Private Provision of Security: A Non-Atomic GameBy Jan Heufer; TU Dortmund University

Am I My Brother’s Firefighter? Social Capital and the Voluntary Provision of Local Public GoodsBy Walter Theseira; Nanyang Technological University

Public Spending on Infrastructure’s Operations and Maintenance and Productivity Spillovers: Evidence from U.S. statesBy Sarantis Kalyvitis; Athens University of Economics and Business; Eugenia Vella; Athens University of Economics and Business Presented by: Eugenia Vella, Athens University of Economics and Business

Session 103: Finance Time: 9:30 - 11:00 Session Chair: Fabrizio Zampolli, Location: Arts Building Bank for International Settlements AB G024

Interbank overnight interest rates - gains from systemic importanceBy Q. Farooq Akram; Norges Bank; Casper Christophersen; Norges Bank Presented by: Farooq Akram, Central Bank of Norway

Modelling Monetary and Fiscal Policy in the US: A Cointegration ApproachBy J. James Reade, University of Birmingham; Jari Stehn, Goldman Sachs Presented by: John Reade, University of Birmingham

Competition, efficiency, and soundness in banking: An industrial organization perspectiveBy Klaus Schaeck; University of Wales; Martin Cihak; International Monetary Fund Presented by: Klaus Schaeck, University of Wales

Macroeconomic stability and the real interest rate: a cross-country analysisBy Charlotta Groth; Bank of England; Fabrizio Zampolli; Bank for International Settlements Presented by: Fabrizio Zampolli, Bank for International Settlements


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Session 104: Trade Session Chair: Alexandra Tabova, Time: 9:30 - 11:00 Duke University Location: Moore Annexe MX034

Imported Intermediate Goods and Product Innovation with Heterogeneous FirmsBy Murat Seker; World Bank; Jose Daniel Rodriguez-Delgado; International Monetary Fund Presented by: Jose Daniel Rodriguez-Delgado, International Monetary Fund

Expatriates as Leaders of Technology Transfer and FDI: Theory and Evidence from Mexico.By Estefania Santacreu-Vasut; ESSEC Business School; Kensuke Teshima; ITAM Presented by: Estefania Santacreu-Vasut, ESSEC Business School and THEMA

Fixed export costs and multi-product firmsBy Roger Smeets; CPB Netherlands Bureau for Economic Policy Analysis & University of Groningen; Harold Creusen; CPB Netherlands Bureau for Economic Policy Analysis Presented by: Roger Smeets, CPB NL Bureau for Economic Analysis

Portfolio Diversification and the Cross-Sectional Distribution of Foreign InvestmentBy Alexandra Tabova; Duke University

Session 105: Corruption Session Chair: Kyriakos Neanidis, Time: 9:30 - 11:00 University of Manchester Location: Moore Annexe MX01

To bribe or not to bribe? An experimental analysis of corruptionBy Massimo Finocchiaro Castro; Mediterranean University of Reggio Calabria

Committing to Transparency to Resist CorruptionBy Frederic Koessler; Paris School of Economics; Ariane Lambert-Mogiliansky; Paris School of Economics Presented by: Ariane Lambert-Mogiliansky, Paris School of Economics

Corruption and Tax Evasion in a the Presence of a Publicly Provided GoodBy Anastasia Litina; University of Ioannina ; Theodore Palivos; University of Macedonia Presented by: Anastasia Litina, University of Macedonia

Colonialism, Elite Formation and CorruptionBy Luis Angeles; University of Glasgow; Kyriakos C. Neanidis; University of Manchester Presented by: Kyriakos Neanidis, University of Manchester


Session Chair: Anja Shortland, Brunel University Location: Windsor WIN 00-03

Evidence of Monopsony in the Labor Market of a Developing CountryBy Peter Brummund; Cornell University

Has the Introduction of Microfinance Crowded-out Informal Loans in Malawi?By Richard Disney; University of Nottingham; Eleonora Fichera; University of Manchester; Trudy Owens; University of Nottingham Presented by: Eleonora Fichera, University of Manchester

Network Effects and Land Redistribution: A Quasi-Natural Experiment in ZimbabweBy Tara McIndoe-Calder; Trinity College Dublin

Gov-aargh-nance: Jolly Rodgers and Dodgy RulersBy Olaf de Groot; DIW Berlin; Anja Shortland; Brunel University and DIW Berlin Presented by: Anja Shortland, Brunel University

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Session Chair: Muhammad Majeed, Glasgow University Location: Windsor WIN 00-02

Access to finance and foreign technology upgrading: Firm level evidence from IndiaBy Maria Bas (Paris School of Economics and CEPII); Antoine Berthou (CEPII) Presented by: Maria Bas, PSE and CEPII

Does Finance Play A Role for Exporting in Service Firms? Evidence From India.By Sandra Lancheros; University of Nottingham, Business School; Pelin Demirel; University of Nottingham, Business School Presented by: Sandra Lancheros, Nottingham University

US Mexico Immigration: Effects of Wages and Border EnforcementBy Rebecca Lessem; University of Wisconsin-Madison Presented by: Rebecca Lessem, UW-Madison

Distributional and Poverty Consequences of Globalization: A Dynamic Comparative Analysis for Developing CountriesBy Muhammad Tariq Majeed and Ronald Macdonald; University of Glasgow Presented by: Muhammad Majeed, Glasgow University

Session 108: Economics of Education Time: 15:30 - 17:00 Session Chair: Marta Rubio Codina, Location: Management University College of London and Institute for Fiscal Studies Auditorium MBLT

From Grants to Loans and Fees: The Demand for Post-compulsory Education in England and Wales from 1955 to 2008By Peter Dolton; Royal Holloway, University of London and Centre for Economic Performance, London School of Economics; Li Lin; Royal Holloway, University of London Presented by: Li Lin, Royal Holloway, University of London

A Select Group of Friends -- The Returns to Social NetworkingBy Brandy Jaclyn Lipton; Northwestern University Presented by: Brandy Lipton, Northwestern University

The Effect of Social Programs and Exposure to Professionals on the Educational Aspirations of the PoorBy Carlos Chiapa; El Colegio de México; José Luis Garrido; El Colegio de México; Silvia Prina; Case Western Reserve University. Presented by: Silvia Prina, private

Re-evaluating Conditional Cash Transfers: Is the Opportunity Primary School Stipend Necessary?By Orazio Attanasio; University College London and Institute for Fiscal Studies; Marta Rubio-Codina; Institute for Fiscal Studies Presented by: Marta Rubio Codina, University College of London and Institute for Fiscal Studies

Session 109: Institutions Time: 15:30 - 17:00

Session Chair: Kevin Sheedy, London School of Economics Location: Horton Building H321

Efficiently Regulated Insurance Markets with Adverse Selection and Many GoodsBy Peter J. Hammond. Presented by: Peter Hammond, University of Warwick

Mapping systemic risk in the international banking networkBy Rodney J. Garratt; (UCSB); Lavan Mahadeva; (Bank of England); Katsiaryna Svirydzenka; (Graduate Institute). Presented by: Lavan Mahadeva, Bank of England

On International Risk Sharing and Financial Globalization: some gloomy evidenceBy Eleonora Pierucci; University of Rome Tre; Luigi Ventura; Sapienza University of Rome Presented by: Eleonora Pierucci, University of Rome Tre

A model of equilibrium institutionsBy Bernardo Guimaraes; Sao Paulo School of Economics and LSE; Kevin D. Sheedy; London School of Economics. Presented by: Kevin Sheedy, London School of Economics


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Session Chair: Rune Vejlin, University of Aarhus Location: Windsor WIN 01-03

The Conundrum of Recovery: Growth or Jobs?By Elias Dinopoulos; University of Florida; Wolf-Heimo Grieben; University of Konstanz; Fuat Sener; Union College Presented by: Wolf-Heimo Grieben, University of Konstanz

How Much is Employment Increased by Cutting Labor Costs? Estimating the Elasticity of Job CreationBy Paul Beaudry; University of British Columbia; David A. Green; University of British Columbia; Ben Sand; Copenhagen Business School Presented by: Ben Sand, Copenhagen Business School

A Theory Of Worker Turnover in R&D Intensive FirmsBy Kameshwari Shankar; City College of New York; Suman Ghosh; Florida Atlantic University Presented by: Kameshwari Shankar, City College of New York

Estimation of a Roy/Search/Compensating Differential Model of the Labor MarketBy Rune Vejlin; Aarhus University; Christopher Taber;University of Wisconsin-Madison Presented by: Rune Vejlin, University of Aarhus


Session Chair: Zaifu Yang, University of York Location: Horton Building HLT 1

Cheap-Talk Information Disclosure in AuctionsBy Zhiyun LI; University of Oxford

Revenue Monotonicity in Core-Selecting Package AuctionsBy Marissa Beck; Stanford University; Marion Ott; RWTH Aachen University Presented by: Marion Ott, RWTH Aachen University

A pure variation of risk in private-value auctionsBy Oliver Kirchkamp; University of Jena; J. Philipp Reiss; Maastricht University; Karim Sadrieh; University of Magdeburg Presented by: J. Philipp Reiss, Maastricht University

An Efficient and Incentive Compatible Ascending Auction for Multiple ComplementsBy Ning Sun; Shanghai University of Finance; and Economics; Zaifu Yang; University of York Presented by: Zaifu Yang, University of York

Session 112: Public Economics Time: Time: 15:30 - 17:00

Session Chair: Christophe Muller, Université Aix-Marseille II Location: Windsor WIN 01-05

Experimental Analysis of the Health and Well-Being Effects of a Non-contributory Social Security ProgramBy Emma Aguila RAND; Arie Kapteyn RAND; Rosalba Robles Government of the State of Yucatan; Beverly Weidmer RAND Presented by: Emma Aguila, RAND

The Preston-Curve and the Contribution of Health to Economic Well-Being: Evidence from the Micro-Data of BangladeshBy Muhammad Jami Husain; Swansea University Presented by: Muhammad Husain, Swansea University

A Dominance Approach to the Appraisal of the Distribution of Well-Being across CountriesBy Christophe Muller; University of Aix-Marseille; Alain Trannoy; University of Aix-Marseille Presented by: Christophe Muller, Université Aix-Marseille II

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Session Chair: Francesco Zanetti, Bank of England Location: Arts Building AB LT1

Why don’t people pay attention? Endogenous Sticky Information in a DSGE ModelBy Lena Dräger, University of Hamburg & KOF Swiss Economic Institute, ETH Zurich. Presented by: Lena Draeger, ETH Zurich & University of Hamburg

Products, patents and productivity persistence: A DSGE model of endogenous growthBy Tom Holden; University of Oxford Presented by: Thomas Holden, University of Oxford

Identification and Frequency Domain QML Estimation of Linearized DSGE ModelsBy Zhongjun Qu, Boston University; Denis Tkachenko, Boston University Presented by: Denis Tkachenko, Boston University

Wage rigidities in an estimated DSGE model of the UK labour marketBy Renato Faccini; Bank of England; Steve Millard; Bank of England; Francesco Zanetti; Bank of England Presented by: Francesco Zanetti, Bank of England

Session 114: Learning Time: 15:30 - 17:00

Session Chair: Elisabeth Schulte; Mannheim University Location: Arts Building AB G024

A Genuine Foundation for Prospect TheoryBy Ulrich Schmidt; Christian-Albrechts-Universität zu Kiel and Kiel Institute for the World Economy, Germany.; Horst Zank; The University of Manchester, United Kingdom. Presented by: Horst Zank, The University of Manchester

Learning without CounterfactualsBy Friederike Mengel; Maastricht University; Javier Rivas; University of Leicester Presented by: Javier Rivas, University of Leicester

Learning Externality, Institutional Reform, and Economic ConvergenceBy Yong Wang; World Bank and Hong Kong University of Science and Technology Presented by: Yong Wang, Dept. of Economics

Strategic private experimentationBy Mike Felgenhauer; Mannheim University; Elisabeth Schulte; Mannheim University Presented by: Elisabeth Schulte, University of Mannheim

Session 115: Policy Evaluation Session Chair: Temel Taskin, Time: 15:30 - 17:00 European University Institute Location: Moore Annexe MX01

ABC, 123: The Impact of a Mobile Phone Literacy Program on Educational OutcomesBy Jenny C. Aker; Tufts University; Christopher Ksoll; University of Oxford; Travis J. Lybbert; University of California-Davis Presented by: Christopher Ksoll, University of Oxford

Estimating Incentive and Welfare Effects of Non-Stationary Unemployment BenefitsBy Andrey Launov; University of Mainz; Klaus Waelde; University of Mainz Presented by: Andrey Launov, University of Mainz

Policy evaluation and uncertainty about the effects of oil prices on economic activityBy Francesca Rondina; Institute for Economic Analysis, CSIC and Barcelona GSE Presented by: Francesca Rondina, CSIC

Heterogeneity in Unemployment Insurance Policies and Home Production in the U.S.By Temel Taskin; European University Institute Presented by: Temel Taskin, European University Institute


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Session Chair: Hongru Zhang, Cardiff University Location: Arts Building AB LT2

The EONIA Spread Before and During the Crisis of 2007 to 2009: The Role of Liquidity and Credit RiskBy John Beirne; European Central Bank Presented by: John Beirne, European Central Bank

Lending Constraints, Real Estate Prices and Business Cycles in Emerging EconomiesBy Raoul Minetti; Michigan State University; Tao Peng; Southwestern University of Finance and Economics Presented by: Raoul Minetti, Michigan State University

The elephant in the room: Credit conditions and the Australian economyBy David M Williams; Oxford University; John Muellbauer; Oxford University Presented by: David Williams, Oxford University

Financial Sector Shocks, External Finance Premium and Business Cycle By Hongru Zhang;Cardiff Business School;Cardiff University Presented by: Hongru Zhang, Cardiff University

Session 117: Experimental Economics Time: 15:30 - 17:00

Session Chair: Joachim Winter, University of Munich Location: Arts Building AB F001

Is there selection bias in laboratory experiments? The case of social and risk preferencesBy Blair Cleave; Department of Treasury & Finance, Victorian Government; Nikos Nikiforakis; The University of Melbourne; Robert Slonim; The University of Sydney Presented by: Nikos Nikiforakis, The University of Melbourne

Heterogeneous productivity in voluntary public good provision - an experimental analysisBy Gerlinde Fellner; Vienna University of Economics and B.A; Yoshio Iida; Kyoto Sangyo University; Sabine Kroger; Laval University; Erika Seki; University of Aberdeen Presented by: Erika Seki, University of Aberdeen

An Experimental Investigation of Intrinsic Motivations for GivingBy Mirco Tonin; University of Southampton; Michael Vlassopoulos; University of Southampton Presented by: Mirco Tonin, University of Southampton

Fairness and CheatingBy Daniel Houser; George Mason University; Stefan Vetter; University of Munich; Joachim Winter; University of Munich Presented by: Joachim Winter, University of Munich

Session 118: Gender Economics Time: 15:30 - 17:00

Session Chair: Tali Regev, Berglas School of Economics Location: Windsor WIN 01-04

Men, Women, and the Ballot. Gender Imbalances and Suffrage Extensions in US StatesBy Sebastian Braun; Kiel Institute for the World Economy; Michael Kvasnicka; RWI Presented by: Sebastian Braun, Kiel Institute for the World Economy

The Impact of Gender and Remittances on Household Expenditure Patterns in EcuadorBy Kristin Göbel; Hamburg University Presented by: Kristin Göbel, Hamburg University

The Gender Dimension of Technical Change and Job PolarisationBy Joanne Lindley; University of Surrey Presented by: Joanne Lindley, University of Surrey

Is there place for women? Gender bias at top economics schoolsBy Galina Hale; Federal Reserve Bank of San Francisco; Tali Regev; Tel Aviv University Presented by: Tali Regev, Berglas School of Economics

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Session Chair: Raphael Schoenle, Brandeis University Location: Arts Building AB LT3

Structural change and the Kaldor facts in a growth model with relative price effects and non-Gorman preferencesBy Timo Boppart; University of Zurich.

Is Agglomeration Really Good for Growth? Global Efficiency, Interregional Equity and Uneven GrowthBy Fabio Cerina; University of Cagliari and CRENoS; Francesco Mureddu; University of Cagliari and CRENoS Presented by: Fabio Cerina, University of Cagliari

The Economic Consequences of “Brain Drain” of the Best and Brightest: Microeconomic Evidence from Five CountriesBy John Gibson; University of Waikato; David McKenzie; World Bank Presented by: John Gibson, University of Waikato

Multiproduct Firms and Price-Setting: Theory and Evidence from U.S. Producer PricesBy Saroj Bhattarai; Penn State University; Raphael Schoenle; Brandeis University Presented by: Raphael Schoenle, Brandeis University


Session Chair: John Sessions, Brunel University Location: Horton Building HLT2

General Xenophobia in the Labor Market: a correspondence testing in ChicagoBy Nicolas Jacquemet; Paris School of Economics & University Paris 1; Constantine Yannelis; Stanford University Presented by: Nicolas Jacquemet, University Paris I Panthéon–Sorbonne

The effect of potential unemployment benefits duration on unemployment exits to work and on job qualityBy Thomas LE BARBANCHON; Crest; Thomas DEROYON; Crest Presented by: Thomas Le Barbanchon,

Are Active Labour Market Programmes Least Effective Where They Are Most Needed? The Case of the British New Deal for Young PeopleBy Duncan McVicar; University of Melbourne; Jan M. Podivinsky; University of Southampton Presented by: Duncan McVicar, University of Melbourne

Racial Differences in Pay Across Positions: An Empirical Test of Major League Baseball*By Örn B. Bodvarsson, St Cloud State University; John Sessions, University of Bath Presented by: John Sessions, Brunel University

Session 121: Environmental Economics Session Chair: Oliwia Kurtyka, Time: 15:30 - 17:00 Lancaster University Management School Location: Windsor WIN 00-05

Global Warming and Extreme Events: Rethinking the Timing and Intensity of Environmental PolicyBy Yu-Fu Chen; University of Dundee; Michael Funke; Hamburg University Presented by: Yu-Fu Chen, University of Dundee

Trade union structure with environmental concern and firms’’technological choiceBy Elias Asproudis; Loughborough University.

Commercial interests vs. the public’s environmental preferences: The political economy of carbon credit importsBy Florens Flues; University of Zurich.

The Switching Effect of Environmental Taxation within Bertrand Differentiated DuopolyBy Oliwia Kurtyka; Lancaster University Management School and TSE(LERNA); Philippe Mahenc; TSE (LERNA) and University of Perpignan. Presented by: Oliwia Kurtyka, Lancaster University Management School


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Session Chair: Yuanyuan Wang, University of Manchester Location: Windsor WIN 00-04

Voting as a LotteryBy Giuseppe Attanasi; Toulouse School of Economics ; Luca Corazzini; University of Padua and Bocconi University; Francesco Passarelli; Bocconi University and University of Teramo Presented by: Giuseppe Attanasi, Toulouse School of Economics, Toulouse

Lexicographic VotingBy Jan Klingelhoefer; European University Institute

Lipset Reconsidered: A Rational Theory of the Stability of DemocracyBy Uwe Sunde; University of St.Gallen; X; Florian Jung; University of St.Gallen Presented by: Uwe Sunde, University of St.Gallen

Growth and Development Under Alternative Corruption RegimesBy Keith Blackburn; University of Manchester; Yuanyuan Wang; University of Manchester Presented by: Yuanyuan Wang, University of Manchester

Session 123: Trade Session Chair: Xinpeng Xu, Time: 15:30 - 17:00 Hong Kong Polytechnic University Location: Moore Annexe MX034

Comparative Advantage, Service Trade, and Global ImbalancesBy Alessandro Barattieri; Boston College

Innovation and the Elasticity of Trade Volumes to Tariff ReductionsBy Loris Rubini; Universidad Carlos III de Madrid Presented by: Loris Rubini, Universidad Carlos III de Madrid

International Trade and Local OutsourcingBy Sugata Marjit;Centre for Studies in Social Sciences, Calcutta, India; Lei Yang; Hong Kong Polytechnic University; Xinpeng Xu; Hong Kong Polytechnic University Presented by: Xinpeng Xu, Hong Kong Polytechnic University

Session 124: Development Time: 15:30 - 17:00

Session Chair: Christian Traxler, Max Planck Institute Location: Windsor WIN 00-03

Where have all the young girls gone? Identifying sex selection in IndiaBy Sonia Bhalotra; University of Bristol UK; Tom Cochrane; CEPA London Presented by: Sonia Bhalotra, University of Bristol

Clearing the land for what? Evaluation of the Indonesian palm oil production expansionBy Outi Kaarina Korkeala; University of Sussex

The Climatic Origins of the Neolithic Revolution: Theory and EvidenceBy Quamrul Ashraf; Williams College; Stelios Michalopoulos; Tufts University Presented by: Stelios Michalopoulos, Tufts University

Poverty and crime in 19th century Germany: A reassessmentBy Christian Traxler; Max Planck Institute Collective Goods; Carsten Burhop; University of Cologne Presented by: Christian Traxler, Max Planck Institute

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Session 125: Labour Economics Session Chair: Katarina Mayer, Time: 15:30 - 17:00 Hankuk University of Foreign Studies Location: Windsor WIN 01-02

A Search Theory of Sectoral ReallocationBy Briana Chang; Northwestern University Presented by: Briana Chang, Northwestern University

Government Expenditures and Unemployment: A DSGE PerspectiveBy Eric Mayer (University of Würzburg); Stephane Moyen (Deutsche Bundesbank); Nikolai Stähler (Deutsche Bundesbank) Presented by: Stéphane Moyen, Deutsche Bundesbank

Severance Payments, Unemployment Insurance and Wage Bargaining with Costly SearchBy Sang-Moon Hahm; KDI School of Public Policy; Katarina Mayer; Hankuk University of Foreign Studies Presented by: Katarina Mayer, Hankuk University of Foreign Studies

m e e t i n g s 2 0 1 1

RES Annual General Meeting Time: 16.45 - 17.30

Monday 18 April 2011 Location: Windsor Auditorium

All Members are invited to attend and have been mailed the agenda in advance.

Awarding of the RES Prize All conference delegates are invited to the award of the prize


CHUDE (Conference of Heads of University Departments of Economics) Meeting and Lunch

Monday 18 April 2011 Time: 10.30 – 12.45

Private Meeting Location: Founder’s Picture Gallery

RES Women’s Committee


Private Meeting Location: Large Boardroom in Founder’s

RES Conference Committee Dinner



RES Programme Committee and Economic Journal Editorial Board Lunch

Tuesday 19 April 2011 Time: 12.30 – 13.30


Meeting of Economic Journal Editors

Tuesday 19 April 2011 Time: 15.00 – 17.00

Private Meeting Location: Founder’s Small Boardroom

RES Conference Committee Lunch


Location: Founder’s Picture Gallery

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2 0 1 1 i n d e x o f p r e s e n t e r s

Abeler, Johannes G18Afriat, Sydney K4 Ager, Philipp G41Aguila, Emma G112Ahlfeldt, Gabriel M. G79Akerman, Anders G40Akram, Farooq G103Aloui, Rym G50Altavilla, Carlo G95Altmann, Steffen G77Amior, Michael G5Amoroso, Sara G85Anderberg, Dan G43Anesi, Vincent G36Angelini, Viola G38Angelopoulos, Konstantinos G74Aniket, Kumar G12ap Gwilym, Rhys G52Ariu, Andrea G19Arslan, Yavuz G18Arulampalam, Wiji G33Asproudis, Elias G121Atak, Alev G39Atal, Vidya G7Attanasi, Giuseppe G122Azmat, Ghazala G83Bagchi, Aniruddha G89Bagger, Jesper G5Bailey, Natalia G29Bandyopadhyay, Siddhartha G63Bandyopadhyay, Subhayu G62Banerjee, Prasenjit G88Bao, Te G97Barattieri, Alessandro G123Barigozzi, Matteo G95Barrell, Ray G107Bas, Maria G107Basu, Parantap G47Bauer, Christian G14Baumeister, Christiane G78Bazot, Guillaume G30Bean, Charlie S5Beard, Rodney G27Beck, Adrian G89Beirne, John G116Bennato, Anna Rita G19Besley, Timothey S3Bhalotra, Sonia G124Binelli, Chiara G26Blanco, Mariana G15

Blundell, Richard K3Boes, Stefan G81Bonfatti, Roberto G13Boppart, Timo G119Borowiecki, Karol G34Bottazzi, Renata G17Botticini, Maristella S10 Boyer, Pierre G96Bozio, Antoine G4Brandes, Leif G77Bratsiotis, George G10Braun, Sebastian G118Breinlich, Holger G11Brendon, Charles G94 Brollo, Fernanda G13Brounen, Dirk G82Brummund, Peter G106Bryson, Alex G6Burgess, Simon G44Buscaglia, Daniela G61Calderon, Cesar G53Calomiris, Charles S9Cantoni, Davide S10Carayol, Timothee G46Carillo-Tudela, Carlos G107Carman, Katherine G107Caroli, Eve G26Carrieri, Vincenzo G45Carvalho, Jean-Paul S7 Castello-Climent, Amparo G3Castelnuovo, Efrem G71Cerina, Fabio G119Cespa, Giovanni G32Chang, Briana G125Chankrajang, Thanyaporn G22Chatterjee, Arpita G62Chen, Yu-Fu G121Chesher, Andrew G43Chevalier, Arnaud G2Collyer, Katherine G24Conti, Antonio M. G78Cottarelli, Carlo S5 Crawford, Claire G87Crawford, Vince K1 Crossley, Thomas S12 Cuberes, David G10Dalton, Patricio G86Danzer, Alexander M. G101Danzer Natalia G47Darai, Donja G15

Darby, Julia G50Datta, Bipasa G102De Veirman, Emmanuel G7Dechter, Evgenia G3Dellis, Arnaud G13Derin Gure, Pinar G21Dessi, Roberta G37 Dhingra, Swati G19Di Comite, Francesco G91Di Falco, Salvatore G82Di Maria, Corrado G82Di Pace, Federico G57Dias, Gustavo G29Diewert, Erwin K4Dimitrov, Dinko G64Dixon, Huw G10Dobbelaere, Sabien G46Donaldson, David S7 Draeger, Lena G113Dubovik, Andrei G7Dustmann, Christian S2 Eberhardt, Markus G56Egger, Peter G27Eizenberg, Alon G8El-Shagi, Makram G10Erce, Aitor G63Esfahani, Hamideh G7Enders, Zeno G94Falck, Oliver G27Fasani, Francesco G22Fergusson, Leopoldo G59Fiala, Nathan G86Fiaschi, Davide G16Fichera, Eleonora G106Fidrmuc, Jarko G123Finocchiaro Castro, Massimo G105Flues, Florens G121Forster, Martin G24Fouquau, Julien G78Fracasso, Andrea G9Fricke, Christoph G93Fujita, Shigeru G25Gajate-Garrido, Gissele G1Gambacorta, Leonardo G12Garcia-Moran, Eva G89Garino, Gaia G16Garrett, Thomas G54Gautier, Erwan G67

Participant Roles in Conference

Legend: G General Session

K Keynote Session

S Special Session

75

i n d e x o f p r e s e n t e r s 2 0 1 1

Göbel, Kristin G118Gemus, Jonathan G23Ghosh, Arghya G28Giannone, Domenico S1 Gibson, John G119Giles, John G41Ginja, Rita G43Girardi, Gherardo G55Giulietti, Monica G49 Gneiting, Tilmann G22Goecke, Henry G67Golan, Jennifer G22Gonzalez-Navarro, Marco G8Goodhart, Charles S9 Gorbachev, Olga G18Gottlieb, Charles G36Goyal, Aparajita G38Graevenitz, Georg G42Green, Richard G92Gregoriou, Andros G43Grieben, Wolf-Heimo G110Griffith, Rachel G43 Grilli, Victoria S5 Growiec, Jakub G77Gu, Yiquan G28Guerrero-Luchtenberg, Leonardo G35Hagedorn, Marcus S11 Hammond, Peter G109Hanlon, William G61Hansen, Stephen G88Hashimzade, Nigar G72Haywood, Luke G26Hehenkamp, Burkhard G91Heinlein, Reinhold G94Hellmann, Tim G37Helmers, Christian G55Heufer, Jan G102Hicks, Daniel G80Holden, Thomas G113Horvath, Michal G36Hou, Zhaoyang G22Hsu, Minchung G45Hueschelrath, Kai G49Husain, Muhammad G112Ioannou, Christos G85Iozzi, Alberto G49Jacquemet, Nicolas G120Jin, Jim G36Jorra, Markus G30Juessen, Falko G89

Juvenal, Luciana G40Kandemir, Ilker G39Kashiwagi, Masanori G57Kassenboehmer, Sonja G98Kastrinaki, Zafeira G32Kawakami, Kei G32Ke, Changxia G88Kebede, Bereket G1Kehrig, Matthias G14Kelly, Elaine G69Keskin, Pinar G1Kahn, Charlie S9 Kirchberger, Martina G67Kitagawa, Toru G43Klein, Tobias G4Klingelhoefer, Jan G122Knowles, John G43Koch, Alexander K G100Koehne, Sebastian G96Koenig, Philipp G31Koetter, Michael G11, G84Kolesnikova, Natalia G5Kontonikas, Alexandros G9Korkeala, Outi G124Kragl, Jenny G100Kretschmer, Tobias G8Kriwoluzky, Alexander G31Ksoll, Christopher G115Kudo, Yuya G41Kunieda, Takuma G50Kurschilgen, Michael G97Kurtyka, Oliwia G121Lambert-Mogiliansky, Ariane G105Lancheros, Sandra G107Lanot, Gauthier G57Latham, Oliver G59Launov, Andrey G115Lausev, Jelena G101Le Barbanchon, Thomas G120Lechene, Valérie G38Lee, Jinhyun G39, G45, G81Lee, Kevin G95Lee, Sang Yoon G16Lehrer, Kim G21Leite Lopez de Leon, Fernanda G59Lenarcic, Andreja G50Lessem, Rebecca G107Letterie, Wilko G37Levine, Paul G98

Lewbel, Arthur G81Li, Nan G70Li, Fei G25Li, Daniel Zhiyun G111Liao, Pei-Ju G86Lin, Li G108Lindley, Joanne G118Lindqvist, Erik G6Lipton, Brandy G108Litina, Anastasia G105Liu, Li G76Longhi, Simonetta G25Lopez, Angel Luis G48Lundtofte, Frederik G99Luo, Guannan G52Lyytikainen, Teemu G79Mahadeva, Lavan G109Majeed, Muhammad G107Mak, Vincent G15Malde, Bansi G23Malik, Sheheryar G57Mallick, Sushanta G40Mandler, Michael G55Mankart, Jochen G52Marie, Olivier G65Marrocu, Emanuela G14Martinez-Sanchis, Elena G58Martins, Manuel G93Masika, Michal G92Matano, Alessia G83Matzkin, Rosa G43Mayer, Katarina G125Mazzonna, Fabrizio G65McGovern, Mark G69McIndoe-Calder, Tara G106McMahon, Michael G52McVicar, Duncan G120Meeks, Roland G95Meier, Volker G54Meisenzahl, Ralf G42Melina, Giovanni G79Mercenier, Jean G90Michalopoulos, Stelios G124Mihailov, Alexander G72Miller, Marcus G9Miller, Helen G33Milne, Alistair G30Mimra, Wanda G35Minetti, Raoul G116Mishra, Tapas G13

76

2 0 1 1 i n d e x o f p r e s e n t e r s

Mitra, Anirban G43Mitze, Timo G56Moav, Omer S3 Mohaddes, Kamiar G73Montes-Rojas, Gabriel G90Moraga-Gonzalez, Jose L. G48Morath, Florian G96Morin, Annaig G68Moro, Alessio G14Morozumi, Atsuyoshi G93Moyen, Stéphane G125Muller, Christophe G112Mumtaz, Haroon G63Munro, Alistair G38Murphy, Anthony G80Muthoo, Abhinay G35Myles, Gareth G65Naef, Michael G22Navarro Paniagua, Maria G87Neanidis, Kyriakos G105Nearchou, Paris G26Neary, Peter G62Newman, Carol G22Nguimkeu, Pierre Evariste G60Nguyen, Thu-Van G66Niemann, Stefan G11Nikiforakis, Nikos G117Nogueira Jr., Reginaldo G9Normann, Hans G64Novta, Natalija G21Oechslin, Manuel G53Onur, Ilke G24Oppedisano, Veruska G23Oreffice, Sonia G43Osborn, Denise G29Ott, Marion G111Oulton, Nicholas G98Parakhonyak, Alexei G18Pasricha, Gurnain G30Passari, Evgenia G53Paustian, Matthias G74Pei, Di G70Pelkonen, Panu G101Pensieroso, Luca G99Perino, Grischa G70Perona, Mathieu G92Petrella, Ivan G94Picchio, Matteo G91Piehl, Anne Morrison S2 Pierucci, Eleonora G109

Pike, Chris G28Pinje, Jori G54Pinotti, Paolo S2 Pirovano, Mara G93Pischke, Steve S10 Poelhekke, Steven G61Politi, Dimitra G66Popov, Sergey G23Porter, James G73Porter, Maria G72Postel-Vinay, Fabien G107Pouliot, William G29Pourpourides, Panayiotis G48Prantl, Susanne G20Price, Simon S5 Prina, Silvia G108Protte, Benjamin G59Qari, Salmai G58Quintana-Domeque, Climent G97Radulescu, Doina G32Rahman, Ahmed G40Rappoport, Veronica G19Ratcliffe, Anita G4Rützler, Daniela G83Reade, John G103Regev, Tali G118Reis, Hugo G2Reiss, J. Philipp G111Rhodes, Andrew G28Ricciuti, Roberto G56Riedl, Arno G22Rienzo, Cinzia G68Rivas, Javier G114Rodriguez-Delgado, Jose Daniel G104Rommeswinkel, Hendrik G63Rondina, Francesca G115Rooij, Maarten G107Rosazza Bondibene, Chiara G47Rose, Giuseppe G20Routledge, Robert G48Roy, Sanchari G3Rubini, Loris G123Rubio, Margarita G17Rubio Codina, Marta G108Ruderer, Dominik G85Russell, Bill G71Samuel, Andrew G101Sanchis-Guarner, Rosa G34Sand, Ben G110

Santacreu-Vasut, Estefania G104Saporta, Victoria S9 Satchi, Mathan G25Sauermann, Jan G34Savorelli, Luca G66Schaeck, Klaus G103Scharf, Kimberley G54Scheffel, Juliane G90Scheufele, Rolf G51Schlotter, Martin G3Schoenle, Raphael G119Schreiber, Sven G4Schroeder, David G75Schulte, Elisabeth G114Schweinzer, Paul G64Scott, Andrew S5 Segal, Paul G55Seidel, Tobias G76Seiler, Stephan G88Seki, Erika G117Selvaretnam, Geethanjali G86Senay, Ozge G94Seneca, Martin G31Sengupta, Rajdeep G17, G51Sensier, Marianne G61Serrano-Velarde, Nicolas G99Sessions, John G120Sevilla Sanz, Almudena G69Shankar, Kameshwari G110Sheedy, Kevin G109Shortland, Anja G106Shtudiner, Zeev G46Siedler, Thomas G45Simoni, Anna G39Sinha, Arunima G12Smeets, Roger G104Smith, Richard S6Smith, Sarah G96Smolinski, Konrad G58Solomon, Edna G27Somekh, Babak G16Stanca, Luca G37Staub, Kevin G60Stoeckl, Matthias G33Stracke, Rudi G100Sucarrat, Genaro G71Sulis, Giovanni G6Sun, Bo G12Sun, Ang G43Sunde, Uwe G122

i n d e x o f p r e s e n t e r s 2 0 1 1

Tabova, Alexandra G104Tamm, Marcus G44Tamoni, Andrea Giovanni G80Tani, Massimiliano G5Taskin, Temel G115Tatsiramos, Konstantinos G68Taub, Bart G42Theseira, Walter G102Thiel, Hendrik G87Tinn, Katrin G75Tirole, Jean K3 Tkachenko, Denis G113Tonin, Mirco G62, G117Traxler, Christian G124Trebesch, Christoph G53Tsutsui, Kei G15Tumen, Semih G46Tyszler, Marcelo G97Ullrich, Hannes G100Vahey, Shaun S1 Van Landeghem, Bert G99Van Leuvensteijn, Michiel G91Van Norden, Simon G22Van Rooij, Maarten S12Vargas, Juan G21Varian, Hal K4Vejlin, Rune G110Vella, Eugenia G102Vernoit, James G2Viani, Francesca G84Viarengo, Martina G20Viceisza, Angelino G20Vignoles, Anna G44Vikander, Nick G47

Visschers, Lodewijk G58Vogel, Lukas G84Voigtlaender, Nico S3Von Ehrlich, Maximilian G56Von Schlippenbach, Vanessa G49Voth, Joachim A3 Vourvachaki, Evangelia G75Wagner, Mathis G90Wamser, Georg G33Wang, Li-Min G73Wang, Yuanyuan G122Wang, Yong G114Wang, Joseph Tao-yi G41Weale, Martin G22Weber, Bernd G6Weiss, Christoph G34Weiss, Matthias G51Wenzelburger, Jan G24Whittaker, William G22Wibral, Matthias G116Williams, David G117Winter, Joachim G107Worth, Jack G44Wu, Guiying Laura G11Xing, Jing G76Xu, Xinpeng G123Yang, Zaifu G111Yates, Tony G60Yildrim, Dilem G17You, Jing G1Zampolli, Fabrizio G103Zanetti, Francesco G31, G113Zank, Horst G114Zentner, Alejandro G92

Zhang, Xin G60Zhang, Hongliang G2Zhang, Xiaobo G42Zhang, Hongru G116Zheng, Jie G35Zheng, Jinghai G8Zhu, Yu G87Zylberberg, Yanos G51

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