Program for session C-5


Sunday 13 August 2000, 8:30 - 10:30

C-5-1: Adverse Selection Models - Sun 13 Aug, 8:30

 Room: Balmer 202  Chair: Humberto L. Moreira 
Chisholm, Darlene C. The Risk Premium Hypothesis and Two-Part Tariff Contract Design: Some Empirical Evidence
Gonzalez, Patrick Optimal Audit Policies with Correlated Types
Inderst, Roman Markets with Simultaneous Signaling and Screening
Moreira, Humberto L. Adverse Selection Problems without The Single Crossing Property

C-5-2: Contracting and Competition - Sun 13 Aug, 8:30

 Room: Balmer 203  Chair: Armin Schmutzler 
Espinosa, Mari Paz Endogenous Formation of Partnership with Moral Hazard
Pavan, Alessandro Sequential Contracts and Information Transmission Between Principals
Schmutzler, Armin A Product Market Theory of Training in Firms

C-5-3: Coordination and Stability of Dynamic Models - Sun 13 Aug, 8:30

 Room: Mechanical Engineering 234  Chair: George Evans 
Branch, William A. Local Convergence Properties of a Cobweb Model with Rationally Heterogeneous Expectations
Brito, Paulo Locating Local Bifurcations in Optimal Control Problems of 4-Dimensional ODE Systems
Chisari, Omar O. Saddlepoint Dynamics with an Endogenous Root of Convergence
Evans, George Coordination on Saddle Path Solutions: The Eductive Viewpoint. 1 - Linear Univariate Models

C-5-4: Economic Development - Sun 13 Aug, 8:30

 Room: Mechanical Engineering 235  Chair: Marc Gurgand 
Kang, Sung Jin Relative Backwardness and Technological Catching Up with Scale Effects
Mora, Ricardo External Factors in Emerging Market Recoveries: An Empirical Investigation
Spatafora, Nikola Economic Development with Economies of Agglomeration: FDI versus Import Substitution

C-5-5: Endogenous Growth - Sun 13 Aug, 8:30

 Room: Mechanical Engineering 237  Chair: Jordan M. Rappaport 
Crifo-Tillet, Patricia Incentives and Wage Inequality in a Model of Endogenous Growth with Organizational Change
de-Blas-Perez, Beatriz Debt Limits and Endogenous Growth
Mino, Kazuo Preference Structure and Indeterminacy in Two-Sector Models of Endogenous Growth
Puch, Luis A. Vintage Capital and the Dynamics of the AK Model

C-5-6: Environmental Policy - Sun 13 Aug, 8:30

 Room: Mechanical Engineering 243  Chair: Mikko Puhakka 
Brito, Dagobert L. Congestion of the Turkish Straits: A Market Alternative
Fung, K.C. Can a Cleaner Environment be Good for Business?
Ricci, Francesco Environmental Policy and Growth when Inputs are Differentiated in Pollution Intensities
Sieg, Holger Measuring the Impact of Air Quality on Housing Markets and Residential Choices in Southern California

C-5-7: Fiscal Policy - Sun 13 Aug, 8:30

 Room: Mechanical Engineering 245  Chair: C. C. Yang 
Angeletos, George-Marios Fiscal Policy and the Maturity Structure with Non-Contingent Debt
Fisher, Jonas Assessing the Effects of Fiscal Shocks
Garriga-Calvet, Carlos Optimal Fiscal Policy in Overlapping Generations Models
Guo, Jang-Ting Tax Policy and Stability in a Model with Sector-Specific Externalities

C-5-8: Folk Theorems - Sun 13 Aug, 8:30

 Room: Balmer 204  Chair: Stephen Morris 
Obara, Ichiro Belief-Based Equilibria in the Repeated Prisoners' Dilemma with Private Monitoring
Ely, Jeffrey A Robust Folk Theorem for the Prisoners' Dilemma
Lagunoff, Roger Are "Anti-Folk Theorems" in Repeated Games Nongeneric?
Morris, Stephen Repeated Games with Almost-Public Monitoring

C-5-9: Foundations of Decision Theory - Sun 13 Aug, 8:30

 Room: Balmer 207  Chair: Felix Kubler 
Gaertner, Wulf Choice and Procedures
Ghirardato, Paolo Risk, Ambiguity and the Separation of Utility and Beliefs
Kubler, Felix Is Intertemporal Choice Theory Testable?

C-5-10: General Equilibrium and the Core - Sun 13 Aug, 8:30

 Room: Balmer 212  Chair: Rajiv Vohra 
Florig, Michael Core Equivalence for Hierarchic Equilibria
Hara, Chiaki An Equivalence Theorem for the Anonymous Core
Vohra, Rajiv On the Failure of Core Convergence in Economies with Asymmetric Information
Vohra, Rajiv The Incentive Compatible Core of an Economy with Differential Information: the Quasi-Linear Case

C-5-11: Income Distribution Theory - Sun 13 Aug, 8:30

 Room: Balmer 304  Chair: Fernando Veloso 
Cagetti, Marco Entrepreneurship, Bequests, and the Distribution of Wealth
Mookherjee, Dilip Contractual Structure and Wealth Accumulation
Veloso, Fernando Wealth Composition, Endogenous Fertility and the Dynamics of Income Inequality

C-5-12: Industry Studies - Sun 13 Aug, 8:30

 Room: Balmer 306  Chair: Helen Simpson 
Franco, April Quantifying the Lock-In Effect in a Dynamic Industry
Kukuk, Martin Financing Constraints and the Timing of Innovations in the German Services Sector
Ueda, Masako Why Do Fast Growing Sectors Not Experience Above-Average Entry of New Firms?
Simpson, Helen The Geographic Distribution of Production Activity in the UK

C-5-13: Inequality and Skill Acquisition in Transition Economies - Sun 13 Aug, 8:30

 Room: Balmer 309  Chair: Constantin Sonin 
Cheidvasser, Sofia The Educated Russian's Curse: Returns to Education in the Russian Federation
Prasad, Eswar S. Inequality, Transfers and Growth: New Evidence from the Economic Transition in Poland
Sarychev, Andrei Dynamic Skills Acquisition Choice - Jacks of All Trades vs. Dab Hands
Sonin, Constantin Private Protection of Property Rights, Inequality, and Economic Growth in Transition Economies

C-5-14: International Finance - Sun 13 Aug, 8:30

 Room: Mechanical Engineering 246  Chair: Christian J. Murray 
Cooper, Russell Exhuming Q: Market Power vs. Capital Market Imperfections
Marey, Philip S. Exchange Rate Expectations: Evidence from an Artificial Economy
Seppala, Juha Ilmari Asset Prices and Business Cycles Under Limited Commitment
Zivot, Eric Time-Variation and Structural Change in the Forward Discount: Implications for the Forward Rate Unbiasedness Hypothesis

C-5-15: Matching and Bargaining - Sun 13 Aug, 8:30

 Room: Balmer 311  Chair: Marilda Sotomayor 
Busch, Lutz-Alexander The Game of Negotiations: Ordering Issues and Implementing Agreements
Huang, Chen-Ying Multilateral Bargaining: Conditional and Unconditional Offers
Sotomayor, Marilda The Strategy Structure of the College Admissions Stable Mechanisms

C-5-16: Monetary Theory - Sun 13 Aug, 8:30

 Room: Mechanical Engineering 247  Chair: Ross Starr 
Friberg, Richard Two Monies, Two Markets? Variability and the Option to Segment
Hellwig, Christian Money, Intermediaries and Cash-in-Advance Constraints
Renero, Juan-Manuel May the Worst Commodity Standard be the Best? A Re-enactment of "The Crimes of 1873"
Starr, Ross Why is there Money? Convergence to a Monetary Equilibrium in a General Equilibrium Model with Transaction Costs

C-5-17: Oligopolistic Models of Trade - Sun 13 Aug, 8:30

 Room: Mechanical Engineering 248  Chair: Jean-Marie Viaene 
Avenel, Eric The Trade-off Between Export and Direct Investment: The Case of an Intermediate Market with Endogenous Vertical Structure
Ghosh, Arghya Trade Policy in the Presence of Technology Licensing
Ornelas, Emanuel Free Trade Areas with Politically Active Oligopolies
Viaene, Jean-Marie Endogenous Quality Effects of Trade Policy

C-5-18: Political Economics: Lobbying, Bargaining and Redistribution - Sun 13 Aug, 8:30

 Room: Savery 211  Chair: Cecilia Testa 
Battaglini, Marco Multiple Referrals and Multidimensional Cheap Talk
Frechette, Guillaume R. Bargaining in Legislatures: An Experimental Investigation of Open versus Closed Amendment Rules
Lizzeri, Alessandro The Drawbacks of Electoral Competition
Testa, Cecilia Bargaining, Voting and Lobby Powre

C-5-19: Social Networks - Sun 13 Aug, 8:30

 Room: Savery 243  Chair: Ted Temzelides 
Goyal, Sanjeev Learning, Network Formation and Coordination
Morelli, Massimo Network Formation with Sequential Demands
Temzelides, Ted On the Geography of Conventions

C-5-20: Theory of Organizations: Income and Control - Sun 13 Aug, 8:30

 Room: Savery 301  Chair: Tian (Tim) Zhu 
Galetovic, Alexander Weak Property Rights and Hold-up in R & D
Palomino, Frederic Competitive Balance vs. Incentives to Win: A Theoretical Analysis of Revenue Sharing
Zhu, Tian (Tim) Bargaining, Revenue Sharing and Control Rights Allocation

C-5-21: Panel Data Models I - Sun 13 Aug, 8:30

 Room: Balmer 411  Chair: Frank Windmeijer 
Hall, Bronwyn H. Univariate Panel Data Models and GMM Estimators: An Exploration Using Real and Simulated Data
Moon, Hyungsik Roger GMM Estimation of Autoregressive Roots Near Unity with Panel Data
Sickles, Robin C. Semiparametric Efficient Estimation of AR(1) Panel Data Models
Windmeijer, Frank Criterion-Based Inference for GMM in Linear Dynamic Panel Data Models

C-5-22: Nonparametric Methods I - Sun 13 Aug, 8:30

 Room: Balmer 413  Chair: Matthew Shum 
Horowitz, Joel An Adaptive, Rate-Optimal Test of a Parametric Model Against a Nonparametric Alternative
Lavergne, Pascal Minimax Rates for Nonparametric Specification Testing in Regression Models
Pinkse, Joris Feasible Multivariate Nonparametric Estimation Using Weak Separability
Shum, Matthew Nonparametric Tests for Common Values

C-5-23: Cointegration III - Sun 13 Aug, 8:30

 Room: Balmer 416  Chair: Carsten Trenkler 
Cubadda, Gianluca Complex Reduced Rank Models for Seasonally Cointegrated Time Series
Kleijn, Richard Bayesian Testing in Cointegration Models using the Jeffreys' Prior
Lacroix, Renaud Non-Parametric Tests of Seasonal Cointegration and Multicointegration
Trenkler, Carsten Comparison of Tests for the Cointegrating Rank of a VAR Process with a Structural Shift

C-5-24: Volatility Models III - Sun 13 Aug, 8:30

 Room: Balmer 417  Chair: John M. Maheu 
Arteche, Josu Gaussian Semiparametric Inference on (Seasonal or Cyclical) Long Memory in Stochastic Volatility Models
Boswijk, H. Peter Testing for a Unit Root with Near-Integrated Volatility
Lin, Shinn-Juh Testing Shifts in Financial Models with Conditional Heteroskedasticity: An Empirical Distribution Function Approach
Maheu, John M. Volatility Dynamics Under Duration-Dependent Mixing

C-5-25: Contracting Models and Empirical Evidence - Sun 13 Aug, 8:30

 Room: Savery 311  Chair: Joao M. C. Santos Silva 
Bisiere, Christophe A Structural Econometric Investigation of the Agency Theory of Financial Structure
Fohlin, Caroline Universal Banking and the Pricing of Securities Risk: Historical Evidence from Germany
Grant, Charles Bankruptcy, Credit Constraints, and Insurance: Some Empirics
Silva, Joao M. C. Santos Estimation of Default Probabilities Using Incomplete Contracts Data

C-5-26: Business Cycles II - Sun 13 Aug, 8:30

 Room: Savery 313  Chair: Yi Wen 
Bierens, Herman J. Complex Unit Roots and Business Cycles: Are They Real?
Nelson, Charles Why are Beveridge-Nelson and Unobserved-Component Decompositions of GDP so Different?
Warne, Anders Unemployment and Inflation Regimes
Wen, Yi The Business Cycle Effects of Seasonal Shocks


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