Program for session C-10


Tuesday 15 August 2000, 8:30 - 10:30

C-10-1: Bankruptcy - Tue 15 Aug, 8:30

 Room: Balmer 202  Chair: Susanne Prantl 
Arping, Stefan Debt and Product Market Fragility
Hausch, Donald B. Systemic Financial Distress and Auction-Based Bankruptcy Reorganization
Herrero, Carmen The Three Musketeers. Old Solutions to Bankruptcy Problems
Prantl, Susanne Post-Entry Selection Among Newly Founded Firms in East and West Germany after Unification: A Competing Risk Model with Forced Bankruptcy Liquidations and Voluntary Liquidations

C-10-2: Committees - Tue 15 Aug, 8:30

 Room: Balmer 207  Chair: Jordi Masso 
Brueckner, Matthias Unanimity Versus Consensus Bargaining Games: Strategic Delegation and Social Optimality
Dearden, James A. Committee Decisions and Contracting
Li, Hao Conflicts and Common Interests in Committees
Masso, Jordi Voting by Committees Under Constraints

C-10-3: Competition with Uncertain Quality, II - Tue 15 Aug, 8:30

 Room: Balmer 212  Chair: Josef Perktold 
Dulleck, Uwe Where Are The Problems with Credence Goods?
Durbin, Erik McDonald's or the Michelin Guide? Revealing Quality Through Private-Sector Certification
Perktold, Josef Market Institutions and Quality Enforcement with Imperfect Information Transmission

C-10-4: Dynamic Economic Models - Tue 15 Aug, 8:30

 Room: Mechanical Engineering 234  Chair: George Evans 
Davila, Julio Reducing Overlapping Generations Economies to Finite Economies
Engel, Eduardo Understanding Tax Evasion Dynamics
Heer, Burkhard Welfare Costs of Inflation in a Dynamic Economy with Search Unemployment and Endogenous Growth
Mukherji, Anjan The Robustness of Closed Orbits in a Class of Dynamic Economic Models

C-10-5: Economics of Education - Tue 15 Aug, 8:30

 Room: Smith 311  Chair: Zvika Eckstein 
Barrow, Lisa Using Market Valuation to Assess the Importance and Efficiency of Public School Spending
Ding, Weili Using Performance Incentives to Reward the Value Added by Educators: Theory and Evidence from China
Eckstein, Zvika Training and Occupational Choice of Highly Skilled Immigrants

C-10-6: Experts - Tue 15 Aug, 8:30

 Room: Balmer 304  Chair: Sandeep Baliga 
Baliga, Sandeep Optimal Design of Peer Review and Self-Assessment Schemes

C-10-7: Financial Markets in Developing Economies - Tue 15 Aug, 8:30

 Room: Mechanical Engineering 235  Chair: Basudeb Guha-Khasnobis 
Gallego, Francisco A. Financial Structure in Chile: Macroeconomic Developments and Microeconomic Effects
Genicot, Garance Risk-Sharing, Patronage and Private Accumulation
Gallego, Francisco A. Capital Controls in Chile: Effective? Efficient?
Guha-Khasnobis, Basudeb A Hallmark of India's New Economic Policy: Deregulation and Liberalization of the Financial Sector

C-10-8: International Trade - Tue 15 Aug, 8:30

 Room: Mechanical Engineering 237  Chair: Mika Saito 
Gottfries, Nils Market Shares, Financial Constraints, and Pricing Behavior in the Export Market
Haaparanta, Pertti International Trade and Search
Huang, Kevin X. D. Vertical International Trade as a Monetary Transmission Mechanism in an Open Economy
Marquez, Jaime The Puzzling Income Elasticity of US Imports

C-10-9: Market Microstructure II - Tue 15 Aug, 8:30

 Room: Balmer 307  Chair: Thierry Tressel 
Dasgupta, Ani A Theory of Size and Product Diversity of Marketplaces with Application to the Trade Show Arena
Kojima, Naoki The Initial Public Offering from a Tripartite Point of View
Sattinger, Michael The Market for Access to Trading Partners, Brokers, and Price Determination
Tressel, Thierry Why Do Economies Have Stock Markets? An Agency Costs Theory

C-10-10: Monetary Unions - Tue 15 Aug, 8:30

 Room: Mechanical Engineering 243  Chair: Frank Strobel 
Carre, Martine Monetary Union: A Welfare Based Approach
Hubrich, Kirstin Germany and the Euro Area: Differences in the Transmission Process of Monetary Policy
Strobel, Frank When to Leave a Monetary Union: Now or Later?

C-10-11: Monetary Transmission Mechanism - Tue 15 Aug, 8:30

 Room: Mechanical Engineering 245  Chair: Robert Kollmann 
Aron, Janine Monetary Transmission and Policy Rules in South Africa
Dedola, Luca The Monetary Transmission Mechanism: Evidence from the Industry Data of Five OECD Countries
Siegfried, Nikolaus A. Monetary Policy and Investment in Germany
Adao, Bernardino The Monetary Transmission Mechanism: Is it Relevant for Policy?

C-10-12: Multi-Object Auctions - Tue 15 Aug, 8:30

 Room: Balmer 311  Chair: Indranil Chakraborty 
Bikhchandani, Sushil Ascending Price Vickrey Auctions
Brusco, Sandro Collusion via Signalling in Open Ascending Auctions with Multiple Objects and Complementarities
Chakraborty, Indranil Object Aggregation and Reduction of Winner's Curse in Multi-Object Auctions
Klemperer, Paul What Really Matters in Auction Theory Design: the European Spectrum Auction

C-10-13: Stochastic Growth Models - Tue 15 Aug, 8:30

 Room: Mechanical Engineering 246  Chair: Russel Cooper 
Chakrabarti, Subir K. Equilibria with Heterogeneous Agents in Stochastic Growth Models
deCastro, Steve In Stochastic Growth Theory, Endogenous Consumer-Culture Resistance to Creative Destruction Can Explain Convergence Clubs
Landon-Lane, John Growth and Ergodicity: Has the World Converged?
Cooper, Russel Risk and Growth: Theoretical Relationships and Preliminary Estimates for South Africa

C-10-14: The Microeconomics of R & D and Innovation - Tue 15 Aug, 8:30

 Room: Balmer 411  Chair: Michel Poitevin 
Aoki, Reiko Public Disclosure of Patent Applications, R & D, and Welfare
Gebhardt, Georg Innovation and Venture Capital
Jansen, Jos Strategic Information Revelation and Revenue Sharing in an R & D Race with Learning Labs
Poitevin, Michel Organizational Design of R & D Activities

C-10-15: Transition Economics: Allocative Distortions - Tue 15 Aug, 8:30

 Room: Smith 313  Chair: Rouslan Koumakhov 
Friebel, Guido Why Russian Workers do not Move: Attachment of Workers through In-Kind Payments
Guriev, Sergei Price Discrimination Through Barter: A Theory and Evidence from Russia
Konieczny, Jerzy D. Learning, Search and Arbitrage - Evidence from a Natural Experiment
Najman, Boris Labor Hoarding in Russia: Where Does it Come From?

C-10-16: Applied Welfare Economics - Tue 15 Aug, 8:30

 Room: Balmer 413  Chair: Torben Tranaes 
Corbae, Dean The Welfare Gains of Eliminating a Depression-like State
Crossley, Thomas F. The Long Run Costs of Job Loss as Measured by Consumption Changes
Fortin, Nicole Comparable Worth Comes to the Private Sector: The Case of Ontario
Tranaes, Torben Optimal Workfare in a Society of Workers and Non-Workers

C-10-17: Nonparametric Methods II - Tue 15 Aug, 8:30

 Room: Savery 211  Chair: Jeff Racine 
Coppejans, Mark Braking the Curse of Dimensionality
Lee, Myoung-Jae Nonparametric Endogeneity Tests for Binary Response Sample Selection and Dynamic Panel Data Models
Levy, Armando A Simple Consistent Non-parametric Estimator of the Regression Function in a Truncated Sample
Racine, Jeff Nonparametric Estimation of Conditional Distributions in the Presence of Continuous and Categorical Data

C-10-18: GMM-Based Inference - Tue 15 Aug, 8:30

 Room: Savery 243  Chair: Eric Zivot 
Arellano, Manuel Underidentification?
Hong, Yongmiao Wavelet-based Estimation for Heteroskedasticity and Autocorrelation Consistent Variance-Covariance Matrices
Kuersteiner, Guido RMSE Reduction for GMM Estimators of Linear Time Series Models
Zivot, Eric Improved Inference for the Instrumental Variables Estimator

C-10-19: Panel Data II - Tue 15 Aug, 8:30

 Room: Smith 404  Chair: Alessandro Rebucci 
Azomahou, Theophile Semiparametric Estimation of Models with Spatially Dependent Unbalanced Panel Data
Karlsson, Sune Maximum-Likelihood Based Inference in the Two-Way Random Effects Model with Serially Correlated Time Effects
Li, Dong LM Tests for Functional Form and Spatial Correlation
Rebucci, Alessandro Estimating VARs with Long Heterogeneous Panels

C-10-20: Forecasting I - Tue 15 Aug, 8:30

 Room: Savery 311  Chair: Kenneth F. Wallis 
Berkowitz, Jeremy Testing the Accuracy of Density Forecasts
Clark, Todd E. Tests of Equal Forecast Accuracy and Encompassing for Nested Models
Hendry, David A General Forecast-error Taxonomy
Wallis, Kenneth F. Density Forecasting: A Survey

C-10-21: Nonstationary Time Series - Tue 15 Aug, 8:30

 Room: Savery 313  Chair: Chor-yiu Sin 
Robinson, Peter M. Narrow-Band Analysis of Nonstationary Processes
Sin, Chor-yiu Partially Nonstationary Autoregressive Models without Prior Knowledge on the Reduced Rank Structure: Estimation and Testing

C-10-22: Research, Development and Spillovers - Tue 15 Aug, 8:30

 Room: Balmer 416  Chair: Maximo Torero 
Putnam, Jonathan The Value of International Patent Rights
Roche, Herve Optimal Scrapping and Technology Adoption under Uncertainty
Torero, Maximo Analyzing the Spillover Mechanism on the Semiconductor Industry in the Silicon Valley and Route 128

C-10-23: Estimation of Diffusion Models - Tue 15 Aug, 8:30

 Room: Smith 405  Chair: Christopher S. Jones 
Mykland, Per A Comparison of Estimators of Continuous-Time Diffusions
Bandi, Federico Accelerated Asymptotics for Diffusion Model Estimation
Elerian, Ola Likelihood Inference for Discretely Observed Non-Linear Diffusions
Jones, Christopher S. The Dynamics of Stochastic Volatility

C-10-24: Asset Pricing - Tue 15 Aug, 8:30

 Room: Mechanical Engineering 247  Chair: Douglas G. Steigerwald 
Allais, Olivier Local Durability and Long-Run Persistence: An Evaluation of the U.S. Risk Premia
Hara, Chiaki Bounds on the Risk-Free Interest Rate in Incomplete Markets With and Without Utility Functions Exhibiting Constant Absolute Risk Aversion
Liu, Wen-Fang Heterogeneous Agent Economies with Knightian Uncertainty
Steigerwald, Douglas G. Explaining Stochastic Volatility in Asset Prices

C-10-25: Labor Markets - Tue 15 Aug, 8:30

 Room: Mechanical Engineering 248  Chair: Ernst Fehr 
Frijters, Paul Persistencies in the Labor Market
Mortensen, Dale T. Modeling Matched Job-Worker Flows
Petrongolo, Barbara Firing Cost and Stigma: A Theoretical Analysis and Empirical Evidence on Micro Data

C-10-26: Productivity, Capacity Utilization and Investment - Tue 15 Aug, 8:30

 Room: Balmer 417  Chair: Frank Schorfheide 
Bloom, Nicholas A Generalised Model of Investment under Uncertainty: Aggregation and Estimation
Normandin, Michel Capacity Utilization and the Dynamics of Business Cycle Fluctuations
Schorfheide, Frank Persistence


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