ASSET 2009

Boğaziçi University, Istanbul

October 30-31, 2009

 

Conference Program

 

 

 

Friday, October 30, 2009

 

 

 

09:00 – 10:40

Friday, October 30, 2009

 

F1.1: Decision Theory                                                          Room: WH 201
Chair: Alan Kirman, GREQAM, EHESS, Université Paul Cézanne

 

 

Risk Taking, Revenue Sharing and Systematic Risk

Frédéric Deroïan, GREQAM

 

A Case for Ambiguity

Ascension Andina-Diaz, Universidad de Malaga

 

Attitude Toward Information and Learning Under Multiple Priors

Pascal Toquebeuf, Paul Cézanne University

 

Born under a Lucky Star?

Alan Kirman, GREQAM, EHESS, Université Paul Cézanne

 

 

 

09:00 – 10:40

Friday, October 30, 2009

 

F1.2: Networks                                                                     Room: WH 203
Chair: Rim Lahmandi-Ayed, LEGI-Ecole Polytechnique de Tunisie

 

 

Reputation, Optimal Memory and the Evolution of Cooperation in Social Networks

Gergely Horváth, University of Alicante

 

Coordination in Evolving Networks with Endogenous Decay

Miguel A. Melendez-Jimenez, Universidad de Malaga

 

Diffusion in Directed Random Networks

Dunia López-Pintado, Universidad Pablo de Olavide

 

Allocation Rules on Networks

Çağatay Kayı, Maastricht University

 

 

 

09:00 – 10:40

Friday, October 30, 2009

 

F1.3: Industrial Organization I                                           Room: WH 210
Chair: Paris Cleanthous, University of Cyprus

 

 

Big Pharma's Reaction to a Generic Substitution Policy

Aida Isabel Tavares, University of Aveiro

 

Price Competition and Capital Choice with Costly External Finance:

Application to the Insurance Industry

Sabine Lemoyne de Forges, Ecole Polytechnique

 

A Citizens-Editors Model of News Media

Francesco Sobbrio, IMT Lucca

 

The Way Music Died: The Effects of Retail Competition on Variety

Paris Cleanthous, University of Cyprus

 

 

 

 

09:00 – 10:40

Friday, October 30, 2009

 

F1.4: Industrial Organization II                                          Room: WH 301
Chair: Carmen Beviá, Universitat Autònoma de Barcelona

 

 

A Reputation-Based Theory of Spatially-Separated Duopoly Competition and Bargaining

Selçuk Özyurt, Sabancı University

 

The Old-Boy Network and the Quality of Entrepreneurs

Eren Inci, Sabancı University

 

On the Investment Implications of Bankruptcy Laws

Özgür Kıbrıs, Sabancı University

 

Oligopolistic Equilıbrium and Bankruptcy

Carmen Beviá, Universitat Autònoma de Barcelona

 

 

 

09:00 – 10:40

Friday, October 30, 2009

 

F1.5: Macro I                                                                       Room: ALH 1
Chair: Emre Alper, Boğaziçi University

 

 

Stabilizing Fiscal Policies With Capital Market Imperfections

Nicolas L. Dromel, CNRS, Paris School Of Economics (CES), Paris 1 University

 

Coordination and Stabilization Gains of Fiscal Policy in a Monetary Union

Susana Salvado, Universidade Nova de Lisboa

 

Social Discounting And Incentive Compatible Fiscal Policy

Catarina Reis, Universidade Catolica Portuguesa

 

 

 

09:00 – 10:40

Friday, October 30, 2009

 

F1.6: Trade                                                                                    Room: ALH 2
Chair: Panos Hatzipanayotou, Athens University of Economics and Business

 

 

Multilateral Tariff Cooperation under Reciprocity

Costas Hadjiyiannis, University of Cyprus

 

Trade Openness, Institutional Change and Economıc Growth

Antonio Navas, Universidad Autonoma de Madrid

 

Gravity, Log Of Gravity and the "Distance Puzzle"

Clément Bosquet, GREQAM, Université Aix-Marseille

 

When Is Replacing Trade Taxes by VATs Good for Developing Countries?

Panos Hatzipanayotou, Athens University of Economics and Business

 

 


09:00 – 10:40

Friday, October 30, 2009

 

F1.7: Econometrics                                                              Room: ALH 3
Chair: Taner M. Yiğit, Bilkent University

 

 

Does Information Technology Cause Skill-Biased Technical Change?

Elena Ketteni, Frederick University and University of Cyprus

 

Nonparametric Estimation of Simultaneous Equations

Şenay Sokullu, Toulouse School of Economics

 

Nonstationarity and Kalman Filter

Taner M. Yiğit, Bilkent University

 

 

 

11:00 – 12:15

Friday, October 30

 

Vilfredo Pareto Lecture                                       ALBERT LONG HALL

Chair: Ahmet Alkan, Sabancı University

  

 

Effecting Cooperation

Andrew Postlewaite, University of Pennsylvania

 

 

 

13:45 – 15:25

Friday, October 30

 

F2.1: Social Choice I                                                            Room: WH 201
Chair: Salvador Barberà, Universitat Autònoma de Barcelona

 

 

Choice by Sequential Procedures

Miguel Ballester, Universitat Autonoma de Barcelona

 

Endogenous Choice of Electoral Rules in a Multi-Party System with Two Major Dominant Parties

Konstantinos Matakos, University of Warwick

 

Universally Selection-Closed Families of Social Choice Functions

Semih Koray, Bilkent University

 

Dynamic Voting with an Evolving Status Quo

Salvador Barberà, Universitat Autònoma de Barcelona

 

 

 

13:45 – 15:25

Friday, October 30

 

F2.2: Environmental Economics I                                       Room: WH 203
Chair: Eftichios S. Sartzetakis, University of Macedonia

 

 

Environmental Policy, Spatial Spillovers and the Emergence of Economic Agglomerations

Anastasios Xepapadeas, Athens University of Economics and Business

 

Toward Waste Management Contracts

Hubert Stahn, GREQAM

 

Economic Analysis of Policy Instruments for Energy Efficiency

Etidel Labidi, Tunisia Polytechnic School, Faculty of Economics Sciences and Management

 

The Role of Information Provision as a Policy Instrument to Supplement Environmental Taxes:

Empowering Consumers to Choose Optimally

Eftichios S Sartzetakis, University of Macedonia

 

 

 

13:45 – 15:25

Friday, October 30

 

F2.3: Industrial Organization III                                        Room: WH 203
Chair: Gianpaolo Rossini, University of Bologna

 

 

Upstream Horizontal Mergers and Efficiency Gains

Apostolis Pavlou, Athens University of Economics and Business

 

Non-linear Supply Contracts and the Implications of Retailers.Size Discounts

Özlem Bedre, Toulouse School of Economics and Ecole Polytechnique

 

Mergers, Remedies and Efficiency Gains

Emilie Dargaud, Ceresur - University of La Réunion

 

Input Production Joint Venture

Gianpaolo Rossini, University of Bologna

 

 

 

13:45 – 15:25

Friday, October 30

 

F2.4: Political Economy                                                       Room: WH 301
Chair: Paulo Melo-Filho, Universidad Carlos III De Madrid

 

 

When Is It Optimal to Delegate: The Theory of Fast-Track Authority

Levent Celik, CERGE-EI

 

On the Accountability of Independent Regulatory Agencies

Gizem Korkmaz, European University Institute

 

Equalization and Costly Conflict

Maria Cubel, University of Barcelona

 

The Political Economy of Ordinary Politics: Presidential-Legislative Relations in Multiparty Settings

Paulo Melo-Filho, Universidad Carlos III De Madrid

 

 

 

13:45 – 15:25

Friday, October 30

 

F2.5: Macro II                                                                      Room: ALH 1
Chair: Arpad Abraham, U. of Rochester & European University Institute

 

 

Expected Inflation, Sunspots Equilibria and Persistent Unemployment Fluctuations

Frederic Dufourt, University of Strasbourg

 

Multiple Equilibria in Two-Sector Monetary Economies

Stefano Bosi, EQUIPPE, University Of Lille 1

 

Tax Reform with Endogenous Borrowing Limits and Incomplete Asset Markets

Arpad Abraham, University of Rochester & European University Institute

 

Tax Reform with Endogenous Borrowing Limits and Incomplete Asset Markets

Arpad Abraham, University of Rochester & European University Institute

13:45 – 15:25

Friday, October 30

 

F2.6: International Economics I                                          Room: ALH 2
Chair: Giulio Nicoletti, Bank of Italy

 

 

Unique Equilibrium in A Dynamic Model of Speculative Attacks

Tijmen Daniels , Technische Universitaet Berlin

 

World Trade Patterns and Prices: The Role of Productivity and Quality Heterogeneity

Teodora Borota, European University Institute

 

Sudden Stops and the Real Exchange Rate in Hong Kong: A Two-Sector Neoclassical Model

Paulina Etxeberria Garaigorta, University of the Basque Country

 

A Microfounded Core Inflation Model for the Euro Area

Giulio Nicoletti, Bank of Italy

 

 

 

13:45 – 15:25

Friday, October 30

 

F2.7: Finance I                                                                     Room: ALH 3
Chair: João Amaro de Matos, Universidade Nova de Lisboa

 

 

Investment Banks as Information Providers in IPOs

Filippo Pavesi, Central European University, University of Milan-Bicocca

 

Banking Competition, Monitoring Incentives and Financial Stability

Thi Quynh Anh Vo, Toulouse School of Economics

 

Financial Structure and Product Qualities

Christos Constantatos, University Of Macedonia

 

Capital Requirements for Operational Risk: An Incentive Approach

Mohamed Belhaj, GREQAM

 

 

 

15:45 – 17:25

Friday, October 30

 

F3.1: Allocation                                                                    Room: WH 201
Chair: Carmen Herrero, Universidad de Alicante

 

 

Consistency and Monotonicity in One-Sided Assignment Problems

Alexandru Nichifor, Maastricht University

 

Impossibilities in Roommate Problems

İpek Özkal Sanver, Bilgi University

 

Trade Rules for Uncleared Markets with a Variable Population

İpek Gürsel Tapkı, Sabancı University

 

The Rights-Egalitarian Solution for NTU Sharing Problems

Carmen Herrero, Universidad de Alicante

 

 

 

15:45 – 17:25

Friday, October 30

 

F3.2: Game Theory                                                              Room: WH 203
Chair: Ines Macho-Stadler, Universitat Autònoma de Barcelona

 

 

Selective Competition

Alexei Parakhonyak, Tinbergen Institute and Erasmus University Rotterdam

 

Strategic Effects of Incomplete and Renegotiation-Proof Contracts

Levent Koçkesen, Koç University

 

Connections Among Farsighted Agents

Ana Mauleon, FNRS, Facultés Universitaires Saint-Louis And Core

 

Dividends and Weighted Values in Games With Externalities

Ines Macho-Stadler, Universitat Autònoma de Barcelona

 

 

 

15:45 – 17:25

Friday, October 30

 

F3.3: Industrial Organization IV                                        Room: WH 210
Chair: Murat Yıldızoğlu, GREQAM, Aix-Marseille University

 

 

Collusive Behaviour Under Cost Asymmetries when Firms Compete in Supply Functions

Carlos Gutiérrez-Hita, Universitas Miguel Hernández

 

Certification of CSR Activities in Oligopolistic Markets

Evangelos Mitrokostas, University of Cyprus and University of Crete

 

Strategic Behaviour in an International Cournot Oligopoly

Francisco Borja Mesa, University of Alicante

 

Convergence in the Finite Cournot Oligopoly with Social and Individual Learning

Murat Yıldızoğlu, GREQAM, Aix-Marseille University

 

 

 

15:45 – 17:25

Friday, October 30

 

F3.4: Experimental Economics I                                         Room: WH 301
Chair: Ayça Ebru Giritligil, İstanbul Bilgi University

 

 

Power and Preferences: An Experimental Approach

Kirill Pogorelskiy, State University - Higher School of Economics

 

Is a Public Goods Experiment Like Fight Club? Extrinsic Motivation and the

Crowding-Out Effect On Altruism

Antonio Filippin, University of Milano

 

The Role of Collective Winners in Individual Decision Making Under Risk

Ayça Ebru Giritligil, İstanbul Bilgi University

 

 

 

15:45 – 17:25

Friday, October 30

 

F3.5: Macro III                                                                    Room: ALH 1
Chair: Vanghelis Vassilatos, Athens University of Economics and Business

 

 

The Effect of Government Consumption on Private Consumption:

Macro Evidence From Micro Data

Valerio Ercolani, Bocconi University

 

Fiscal Competition and the Quality of Institutions

Serena Fatica, Catholic University of Leuven

 

Capital Tax Competition when Monetary Competition is Present

Ali Sina Önder, Uppsala Universitet

 

Rent-Seeking Competition from State Coffers in Greece: A Calibrated DSGE Model

Vanghelis Vassilatos, Athens University of Economics and Business

 

 

15:45 – 17:25

Friday, October 30

 

F3.6: International Economics II                                        Room: ALH 2
Chair: Teresa Sousa, Universidade Nova de Lisboa

 

The Role of Financial Market Structure and the

Trade Elasticity for Monetary Policy in Open Economies

Katrin Rabitsch, Central European University and Magyar Nemzeti Bank

 

Multinationals and Wage Effects: The Role of Linkages

Selin Sayek, Bilkent University

 

Gains from Financial Integration and Trade Openness: A Quantitative Analysis

Marta Arespa Castelló, Universitat Autònoma de Barcelona

 

International Macroeconomic Interdependence and Imports of Oil in a Small Open Economy

Teresa Sousa, Universidade Nova de Lisboa

 

 

 

15:45 – 17:25

Friday, October 30

 

F3.7: Education and Labor                                                 Room: ALH 3
Chair: Thomas Bassetti, University of Padova

 

 

Labor Market Institutions and the Divide of Schooling Investment

Between General and Specialized Skills

Pierre Granier, University of Aix-Marseilles

 

Income Tax, Subsidies to Education, and Investments in Human Capital in a Two-Sector Economy

Dimitri Paolini, Crenos and DEIR, University of Sassari

 

Temporary Migration Policies and Welfare of the Host and Source Countries:

A Game-Theoretic Approach

Michael S. Michael, University of Cyprus

 

Education As Social Agreement

Thomas Bassetti, University of Padova

 

 

 

Saturday, October 31, 2009

 

 

 

09:00 – 10:40

       Saturday, October 31

 

S1.1: Contracts and Mechanisms                                        Room: WH 201
Chair: Sylvie Thoron, GREQAM-Marseille

 

 

Multi-Agent Contracting with Countervailing Incentives and Limited Liability

Annalisa Vinella, University of Bari

 

Auctioning Off With a Split Mind: Privatization under Political Constraints

Lambros Pechlivanos, Athens University of Economics and Business

 

Equilibrium Rejection of a Mechanism

Görkem Çelik, ESSEC Business School

 

A New Mechanism for Resolving Bargaining Impasses Between Risk-Averse Parties

Sylvie Thoron, GREQAM-Marseille

 

 

 

09:00 – 10:40

       Saturday, October 31

 

S1.2: Public Economics                                                                 Room: WH 203
Chair: Sinan Sarpça, Koç University

 

 

Public Capital, Congestion and Rent-Dissipation

Ramon J. Torregrosa, Universidad de Salamanca

 

Income Redistribution and Public Good Provision in a Diverse Society

Selim Jürgen Ergun, Universidad de Granada

 

Does Indirect Tax Harmonization Deliver Pareto Improvements

in the Presence of Global Public Goods?

Ourania Karakosta, University of Cyprus

 

Public Housing Units vs. Housing Vouchers: Accessibility, Local Public Goods, and Welfare

Sinan Sarpça, Koç University

 

 

 

09:00 – 10:40

       Saturday, October 31

 

S1.3: Industrial Organization V                                          Room: WH 210
Chair: Maarten Janssen, University of Vienna

 

 

Efficient Delay in Decision Making

Evangelos Rouskas, Athens University of Economics and Business

 

Price Dispersion and Search Costs:

The Roles of Imperfect Information and Product Differentiation

Helena Perrone, Toulouse School of Economics

 

Multi-Period Consumer Search with Heterogenous Search Costs

Bart Voogt, Department of Economics, Erasmus University Rotterdam, Tinbergen Institute

 

Sequential Search with Incompletely Informed Consumers

Maarten Janssen, University of Vienna

 

 

 

09:00 – 10:40

       Saturday, October 31

 

S1.4: Industrial Organization VI                                        Room: WH 301
Chair: Norma Olaizola Ortega, Universidad del País Vasco

 

 

Comparative Versus Informative Advertising in Oligopolistic Markets

Maria Alipranti, University of Crete

 

Fine Print and Naive Buyers

Elena D'agostino, University of Messina and University of Nottingham

 

Targeted Advertising and Social Status

Nick Vikander, Tinbergen Institute, Erasmus University Rotterdam

 

A Signaling Theory of Consumer Boycotts

Allard van der Made, University of Groningen

 

 

 

09:00 – 10:40

Saturday, October 31

 

S1.5: Macro IV                                                                     Room: ALH 1
Chair: Sumru Altuğ, Koç University

 

 

Shocking Stuff: Technology, Hours, and Factor Substitution

Cristiano Cantore, University Of Kent

 

Capitalizing Implementation Cycles

Michail E. Rousakis, University of Warwick

 

Investment-Specific Technology Shocks and Consumption

Martin Seneca, Central Bank of Iceland

 

 

 

09:00 – 10:40

Saturday, October 31

 

S1.6: General Equilibrium                                                  Room: ALH 2
Chair: Antonio Villanacci, Universita' degli Studi di Firenze

 

 

Pareto Efficiency in Exchange Economies with No Resource Exhaustion

Emanuela Randon, University of Bologna

 

On the Existence of Equilibrium in a Two-Class Economy with Production

Burak Ünveren, Siena University

 

A Strategic Market Game of Carry Trades and Equilibrium Profits

Konstantinos Papadopoulos, Aristotle University of Thessaloniki

 

A Bargaining Model in General Equilibrium

Antonio Villanacci, Universita' degli Studi di Firenze

 

 

 

09:00 – 10:40

Saturday, October 31

 

S1.7: Conflict Resolution                                                     Room: ALH 3
Chair: Özgür Kıbrıs, Sabancı University

 

 

Noncooperative Bargaining with Nonanonymous Outside Options

Gökhan Buturak, Stockholm School of Economics

 

Information Acquisition in Conflicts

Florian Morath, Max Planck Institute for Intellectual Property, Competition and Tax Law

Uncertainty and Ratification Failure

Arzu Kıbrıs, Sabancı University

 

Conflict Networks

Tahir Öztürk, Universitat Autònoma de Barcelona

 

 

 

09:00 – 10:40

Saturday, October 31

 

Murat Sertel Lecture                                             ALBERT LONG HALL

Chair: Semih Koray, Bilkent University

 

 

Public Disagreement

Muhamet Yıldız, Massachusetts Institute of Technology

 

 

 

13:45 – 15:25

Saturday, October 31

 

S2.1: Incentives in Academia                                                        Room: WH 201
Chair: David Pérez-Castrillo, Universitat Autònoma de Barcelona

 

 

The Impact of Industry Collaboration on Academic Research Output:

A Dynamic Panel Data Analysis

Albert Banal-Estanol, Universitat Pompeu Fabra and City University

 

Academic Entrepreneurship: What Are the Factors Shaping the Capacity of Academic

Researchers to İdentify and Exploit Entrepreneurial Opportunities?

Pablo D'este, INGENIO (CSIC-UPV) Spanish Council For Scientific Research

 

The Great Divide in Scientific Productivity: Why the Average Scientist Does Not Exist?

Reinhilde Veugelers, University of Leuven

 

T

13:45 – 15:25

Saturday, October 31

 

S2.2: Social Choice II                                                           Room: WH 203
Chair: Remzi Sanver, Bilgi University

 

 

Leveling and Evaluation Precision in Asymmetric Tournaments

Pau Balart, Universitat Autònoma de Barcelona

 

Stable Solutions to the Social Choice Problem: Dominant, Weakly Stable,

Uncovered Sets and Their Extensions

Andrey Subochev, State University - Higher School of Economics

 

Pareto-Efficient Rules with Approval Ballotting

Tuğçe Çuhadaroğlu, Universitat Autònoma de Barcelona

 

Choosing a Committee: Approval Balloting and the Search for a Compromise

Jean Laine, Bilgi University

 

 

 

13:45 – 15:25

Saturday, October 31

 

S2.3: Industrial Organization VII                                       Room: WH 210
Chair: Paolo G. Garella, Università degli Studi di Milano

 

 

Experimenting Platforms

Vasco Santos, Universidade Nova De Lisboa

 

Competition Between State Universities

Lisa Grazzini, University of Florence

 

Price Competition with Consumer Confusion

Ioana Chioveanu, University College London

 

Bidimensional Quality Competition and Scope Economies

Paolo G. Garella, Università degli Studi di Milano

 

 

 

09:00 – 10:40

Saturday, October 31

 

S2.4: Industrial Organization VIII                                               Room: WH 301
Chair: Ayşe Mumcu, Boğaziçi University

 

 

Vertical Integration with Patent Licensing in Upstream and Downstream Markets

Fehmi Bouguezzi, LEGI and Faculty of Management and Economic Sciences of Tunis

 

Electronic Versus Traditional B2B Market From Intermediary's Perspective

Markos Kourgiantakis, University of Crete

 

Does The Waterbed Effect Harm Consumers?

Tommaso Majer, Universitat Autònoma de Barcelona

 

Retail Market Liberalisation in a Vertical Industry:

How Excessive Entry Can Raise the Price Paid by Final Consumers

Bertrand Charmaison, Toulouse School of Economics (LERNA)

 

 

 

13:45 – 15:25

Saturday, October 31

 

S2.5: Macro V                                                                      Room: ALH 1
Chair: Stefano Gnocchi, Universitat Autònoma de Barcelona

 

 

Annuity Market Imperfection, Retirement and Economic Growth

Jochen O. Mierau, University of Groningen

 

What Drives US Foreign Borrowing?

Evidence on External Adjustment to Transitory and Permanent Shocks

Panagiotis Th. Konstantinou, University of Macedonia

 

Monetary Policy Credibility and the Term Structure of Interest Rates

Stefano Gnocchi, Universitat Autònoma de Barcelona

 

 

 

13:45 – 15:25

Saturday, October 31

 

S2.6: Experimental Economics II                                        Room: ALH 2
Chair: Luca Corazzini, University of Padova

 

 

Self-Interested Justice Principles in the Dictator Game

Ismael Rodriguez-Lara, University of Alicante

 

The Do’s and Don'ts of Leadership in Sequential Public Goods Experiments

Fernanda Rivas, University of Granada

 

Elections and Deceptions: Theory and Experimental Evidence

Luca Corazzini, University of Padova

 

 

 

13:45 – 15:25

Saturday, October 31

 

S2.7: Labor                                                                                    Room: ALH 3
Chair: Tanguy Van Ypersele, GREQAM, U. de la Méditerranée & CEPR

 

 

Market Participation Rate and Wage: A Tale of Reciprocal Causation

Patricio García-Mínguez, Universitat de Barcelona

 

The Effects of Taxes on Earnings: Evidence from a Cohort Based Payroll Tax Reform in Greece

Panos Tsakloglou, Athens University of Economics and Business

 

Horizontal Reciprocity in Teams:A Behavioural Explanation for Unpaid Overtime

Natalia Montinari, University of Padova

 

Housing Market Regulations and the Social Demand for Job Protection

Tanguy Van Ypersele, GREQAM, Université De La Méditerranée and CEPR

 

 

 

15:45 – 17:00

Saturday, October 31

 

S3.1: Kidney Exchange                                                                 Room: WH 201
Chair: Antonio Nicolò, University of Padua

 

 

Dynamic Analysis of Kidney Exchange Problems

Silvia Villa, Università Di Genova

 

Paired Kidney Donation and Listed Exchange

Özgür Yılmaz, Koç University

 

Pairwise Kidney Exchange with Age Based Preferences

Antonio Nicolò, University of Padua

 

 

 

15:45 – 17:00

Saturday, October 31

 

 S3.2: Environmental Economics II                                               Room: WH 203
Chair: Fikret Adaman, Boğaziçi University

 

 

Pollution, Abatement and Sustainable Growth: A Schumpeterian Approach

Oya Pınar Ardıç, Boğaziçi University

 

The Determinants of Variation in Households' Environmental Impact: The Case of Turkey

Begüm Özkaynak, Boğaziçi University

 

The Political Economy of a Conservation Site in Turkey: The Case of Uluabat (Apollania) Lake

Ceren Soylu, University of Siena

 

 

 

15:45 – 17:00

Saturday, October 31

 

S3.3: Industrial Organization IX                                        Room: WH 210
Chair: Joel Sandonís Díez, Universidad de Alicante

 

R&D Organization: Cooperation or Cross-Licensing?

Rim Lahmandi-Ayed, LEGI-Ecole Polytechnique de Tunisie

 

Incentive Contracts under Product Market Competition and İmperfect R&D Spillovers

Evangelia Chalioti, Athens University of Economics and Business

 

Outsourcing versus Technology Transfer: Hotelling Meets Stackelberg

Debapriya Sen, Ryerson University

 

 

 

15:45 – 17:00

Saturday, October 31

 

S3.4: Finance II                                                                    Room: WH 301
Chair: José Fajardo, IBMEC Business School

 

 

Consumption Risk and the Cross-Section of Government Bond Returns

Olga Klinkowska IDEA, Universidad Autonoma De Barcelona

 

Market Discipline, Competition for Deposit, and Banks Risk Taking in Emerging Economies

Skerdilajda Zanaj, CREA, University of Luxembourg

 

Behavioral Arbitrage with Collateral and Uncertain Deliveries

José Fajardo, IBMEC Business School

 

 

 

15:45 – 17:00

Saturday, October 31

 

S3.5: Macro VI                                                                    Room: ALH 1
Chair: Leonor Modesto, Universidade Católica Portuguesa

 

 

Subjective Beliefs in Monetary Policy Committees

Mike Mariathasan, European University Institute

 

Government Information Transparency

Paolo Vanin,  Università di Bologna

 

On Rational Exuberance

Thomas Seegmuller, CNRS, GREQAM

 

 

 

15:45 – 17:00

Saturday, October 31

 

S3.6: Time Series Applications                                            Room: ALH 2

Chair: Burak Saltoğlu, Boğaziçi University

 

 

Markov-Switching Dynamic Factor Models in Real Time

Pilar Poncela, Universidad Autonoma de Madrid

 

Measuring Stock Market Contagion with an Application to the Sub-Prime Crisis

Mark Mink, Dutch National Bank and University of Groningen

 

Investigating Post-WWII U.S. Macroeconomic Dynamics with Multiple Filters

Efrem Castelnuovo, University Of Padua

 

 

 

17:20 – 18:20

Saturday, October 31

 

Closing Session                                                       ALBERT LONG HALL

Chair: David Pérez-Castrillo, Universitat Autònoma de Barcelona

 

 

Roundtable: 30th Anniversary of ASSET’s Founding

Salvador Barbera, Universitat Autònoma de Barcelona

Xavier Calsamiglia, Universitat Pompeu Fabra

Alan Kirman, GREQAM, EHESS, Université Paul Cézanne

Javier Ruiz-Castillo, Universidad Carlos III de Madrid

Juan Urrutia, Urrutia Elejalde Foundation