Program for session C-2

Saturday 12 August 2000, 8:30 - 10:30

C-2-1: Assets Markets and Infinite Horizons - Sat 12 Aug, 8:30

 Room: Balmer 202  Chair: Kevin X. D. Huang 
Allouch, Nizar Edgeworth and Walras Equilibria of an Arbitrage-Free Exchange Economy
Hasegawa, Kaori The Second Fundamental Theorem of Welfare Economics and the Existence of Competitive Equilibrium over an Infinite Horizon with General Consumption Sets
Meddeb, Moncef On Generically Complete Markets with an Open-Ended Horizon
Huang, Kevin X. D. Implementing Arrow-Debreu Equilibria by Trading Infinitely-Lived Securities

C-2-2: Banking I - Sat 12 Aug, 8:30

 Room: Balmer 203  Chair: Otto Toivanen 
Orosel, Gerhard Credits, Crises, and Capital Controls: A Microeconomic Analysis
Roende, Thomas Regulation of International Large Value Payment Systems
Stenbacka, Rune Information Sharing in Banking: A Collusive Device?
Toivanen, Otto Monitoring and Market Power in Credit Markets

C-2-3: Boundedly Rational Learning - Sat 12 Aug, 8:30

 Room: Balmer 204  Chair: Jan Wenzelburger 
Ellison, Glenn A Model of the Evolution of Standards for Academic Publishing
Heller, Dana Parametric Adaptive Learning
Sandholm, William H. Evolutionary Implementation and Congestion Pricing
Wenzelburger, Jan Convergence of Adaptive Learning Models of Pure Exchange

C-2-4: Business Cycles I - Sat 12 Aug, 8:30

 Room: Mechanical Engineering 234  Chair: Marianne Sensier 
Bugarin, Mirta N. S. Progressive Taxation and the Real Business Cycle
Otrok, Christopher On Measuring the Welfare Cost of Business Cycles
Sensier, Marianne Predicting UK Business Cycle Regimes

C-2-5: Competition with Uncertain Quality, I - Sat 12 Aug, 8:30

 Room: Balmer 207  Chair: J. Miguel Villas-Boas 
Persico, Nicola Money-Back Warranties
Roy, Santanu On the Nature of the 'Lemons Problem' in Durable Goods Markets
Siniscalchi, Marciano Efficient Sorting in a Dynamic Adverse Selection Model: The Hot Potato
Villas-Boas, J. Miguel Competing with Experience Goods

C-2-6: Managerial Incentives - Sat 12 Aug, 8:30

 Room: Balmer 212  Chair: Javier Suarez 
Rajan, Uday Portfolio Delegation with Limited Liability
Suarez, Javier Optimal Corporate Governance Structures

C-2-7: Education and Training - Sat 12 Aug, 8:30

 Room: Balmer 304  Chair: Zvika Eckstein 
Lacroix, Guy The Impact of Government-Sponsored Training Programs on the Labour Market Transitions of Disadvantaged Males
Lechner, Michael Programme Heterogeneity and Propensity Score Matching: An Application to the Evaluation of Active Labour Market Policies
Smith, Jeffrey Is the Threat of Training More Effective than Training Itself? Experimental Evidence from the UI System

C-2-8: Exchange Rate Volatility - Sat 12 Aug, 8:30

 Room: Mechanical Engineering 235  Chair: Franc Klaassen 
Bos, Charles S. Daily Exchange Rate Behaviour and Hedging of Currency Risk
Piscitelli, Laura Exchange Rate Uncertainty and Business Sector Investment
Vilasuso, Jon The Persistence of Exchange Rate Volatility
Klaassen, Franc Why is it so Difficult to Find an Effect of Exchange Rate Risk on Trade?

C-2-9: General Equilibrium with Asymmetric Information - Sat 12 Aug, 8:30

 Room: Balmer 306  Chair: Tito Pietra 
Gottardi, Piero Decentralizing Incentive Efficient Allocations of Economies with Adverse Selection
Jerez, Belen General Equilibrium with Asymmetric Information: A Dual Approach
Magill, Michael Equity, Options and Efficiency in the Presence of Moral Hazard
Pietra, Tito Volume of Trade and Revelation of Information

C-2-10: Growth and Human Capital - Sat 12 Aug, 8:30

 Room: Mechanical Engineering 237  Chair: Kazuo Mino 
Bhargava, Alok Modeling the Effects of Health on Economic Growth
Eicher, Theo Inequality and Growth: The Dual Role of Human Capital in Development
Moro, Andrea Specific Human Capital, Trade, and the Wealth of Nations
Rehme, Guenther Education, Economic Growth and Personal Income Inequality Across Countries

C-2-11: Household Decision Making - Sat 12 Aug, 8:30

 Room: Balmer 309  Chair: Gary Painter 
Botticini, Maristella Why Dowries?
Edlund, Lena On the Geography of Demography: Why Women Live in Cities
Fan, Cheng Ze (Simon) Structural Change and the Narrowing Gender Gap in Wages Theory and Evidence from Hong Kong
Painter, Gary The Costs of Teenage Out-of-Wedlock Childbearing: Analysis with a Within-School Propensity Score Matching Estimator

C-2-12: Income Distribution - Sat 12 Aug, 8:30

 Room: Balmer 311  Chair: Lutz Hendricks 
Kim, Youngse Tax Evasion, Income Distribution, and Progressive Policy
Schluter, Christian Local Versus Global Assessments of Mobility
Valletta, Robert G. Changing Family Behavior and the U.S. Income Distribution
Hendricks, Lutz Do Redistributive Policies Promote Intergenerational Mobility?

C-2-13: Protection and Trade - Sat 12 Aug, 8:30

 Room: Mechanical Engineering 243  Chair: Raymond Riezman 
Kaneda, Mitsuhiro Warranted Skepticism: A Dynamic Model of Infant Industry Protection
Vaillant, Marcel How and When a Unilateral Trade Reform Could be a Political Equilibrium
Wu, Xiaodong "Pollution Havens" and the Regulation of Multinationals by Multiple Governments
Riezman, Raymond The Sources of Protectionist Drift in Representative Democracies

C-2-14: Learning About Prices - Sat 12 Aug, 8:30

 Room: Balmer 411  Chair: Karl Schlag 
Baye, Michael Information Gatekeepers on the Internet and the Competitiveness of Homogeneous Product Markets
Gatti, J. Rupert Equilibrium Price Dispersion with Sequential Search
Renault, Regis Product Characteristics and Price Advertising with Consumer Search
Schlag, Karl The Impact of Selling Information on Competition

C-2-15: Money and Inflation - Sat 12 Aug, 8:30

 Room: Mechanical Engineering 245  Chair: Francisco J. Ruge-Murcia 
Coenen, Gunter The Demand for M3 in the Euro Area
Konieczny, Jerzy D. Inflation and Price Setting in a Natural Experiment
Ruge-Murcia, Francisco J. Uncovering Financial Markets Beliefs About Inflation Targets

C-2-16: Oligopoly Theory, I - Sat 12 Aug, 8:30

 Room: Balmer 413  Chair: William Novshek 
Dana, James D. Competition in Price and Availability when Availability is Unobservable
Dastidar, Krishnendu Ghosh On Stackelberg Games in Prices in a Homogeneous Product Market
Janssen, Maarten Bertrand Competition Under Uncertainty
Novshek, William Demand for Customized Products, Production Flexibility, and Price Competition

C-2-17: Real Exchange Rates and Factor Movements - Sat 12 Aug, 8:30

 Room: Mechanical Engineering 246  Chair: Alan Woodland 
Camarero, Mariam The Effects of Fiscal Variables and Productivity on Real Exchange Rates. Some Evidence Using Panel Cointegration Techniques
Campbell, Jeffrey Real Exchange Rate Fluctuations and the Dynamics of Retail Trade Industries on the U.S.-Canada Border
Osang, Thomas Trade, Wages, and Specific Factors
Pflueger, Michael Trade, Capital Mobility and the German Labour Market

C-2-18: The Economics of Crime - Sat 12 Aug, 8:30

 Room: Balmer 416  Chair: Jenny Williams 
Buccirossi, Paolo Counterproductive Leniency Programs Against Corruption
Dittmann, Ingolf Crime and Punishment: On the Optimality of Imprisonment Although Fines are Feasible
Klein, Alexander Jail or Fine - Let Them Choose
Williams, Jenny An Intertemporal Model of Rational Criminal Choice

C-2-19: Instrumental Variables and Weak Instruments - Sat 12 Aug, 8:30

 Room: Savery 211  Chair: Fernanda P. M. Peixe 
Bekker, Paul A. Instrumental Variable Estimation Based on Grouped Data
Hausman, Jerry A New Specification Test for the Validity of Instrumental Variables
Kleibergen, Frank Exact Test Statistics and Distributions of Maximum Likelihood Estimators that Result from Orthogonal Parameters with
Peixe, Fernanda P. M. A Consistent Method for the Selection of Relevant Instruments

C-2-20: Application of Bayesian Methods - Sat 12 Aug, 8:30

 Room: Savery 243  Chair: Robert J. Town 
Forbes, Catherine S. Bayesian Target Zones
Chotikapanich, Duangkamon Estimating Lorenz Curves Using a Dirichlet Distribution
Li, Kai An Econometric Model of Birth Inputs and Outputs
Town, Robert J. Inferring Hospital Quality from Patient Discharge Records Using a Bayesian Selection Model

C-2-21: Semiparametric Methods I - Sat 12 Aug, 8:30

 Room: Savery 301  Chair: Robert P. Sherman 
Kemp, Gordon C. R. Semi-Parametric Estimation of a Logit Model
Khan, Shakeeb Quantile Regression Under Random Censoring
Schafgans, Marcia M. A. On Intercept Estimation in the Sample Selection Model
Sherman, Robert P. Convergence Theory for Stochastic Iterative Procedures with Applications to Iterative Least Squares Estimation

C-2-22: Cointegration II - Sat 12 Aug, 8:30

 Room: Savery 311  Chair: Martin Wagner 
Bai, Jushan Determining the Number of Factors in Approximate Factor Models
deJong, Robert M. Nonlinear Minimization Estimators in the Presence of Cointegrating Relations
Ericsson, Neil R. Distributions of Error Correction Tests for Cointegration
Wagner, Martin Estimating Cointegrated Systems Using Subspace Algorithms

C-2-23: Volatility Models II - Sat 12 Aug, 8:30

 Room: Savery 313  Chair: Yiu Kuen Tse 
Herwartz, Helmut Time Inhomogeneous Multiple Volatility Modelling
Kaufmann, Sylvia Bayesian Analysis of Switching ARCH Models
Pilgram, Berndt Non-Linear Markov Modelling Using Canonical Variate Analysis: Forecasting Exchange Rate Volatility
Tse, Yiu Kuen A Multivariate GARCH Model with Time-Varying Correlations

C-2-24: Banking II - Sat 12 Aug, 8:30

 Room: Mechanical Engineering 247  Chair: Rafael Repullo 
Antinolfi, Gaetano Monetary Stability and Liquidity Crises: The Role of the Lender of Last Resort
Mitchell, Janet Banking Crises and Bank Rescues: the Role of Reputation
Repullo, Rafael Takeovers of Foreign Banks: A Supervisory Perspective

C-2-25: Term Structure of Interest Rates - Sat 12 Aug, 8:30

 Room: Mechanical Engineering 248  Chair: Juha Ilmari Seppala 
Ang, Andrew A No-Arbitrage Vector Autoregression of Term Structure Dynamics with Macroeconomic and Latent Variables
Linton, Oliver B. Yield Curve Estimation by Kernel Smoothing Methods
Melenberg, Bertrand Testing Affine Term Structure Models in Case of Transaction Costs
Seppala, Juha Ilmari The Term Structure of Real Interest Rates: Theory and Evidence from the U.K. Index-Linked Bonds

C-2-26: Nonexpected Utility I - Sat 12 Aug, 8:30

 Room: Balmer 417  Chair: Stefan Traub 
Bouglet, Tania A Non-Bayesian Approach to Decision-Making with Irreversibilities
Buschena, David Generalized Expected Utility, Heteroscedastic Error, and Path Dependence in Risky Choice
Traub, Stefan An Experimental Test of Loss Aversion

File created by Jurgen Doornik with eswc2000.ox on 2-01-2001