Program for session C-9

Monday 14 August 2000, 3:45 - 5:45

C-9-1: Behavioral Economics: Fairness - Mon 14 Aug, 3:45

 Room: Balmer 203  Chair: Christian Seidl 
Engelmann, Dirk An Experimental Comparison of the Fairness Models by Bolton and Ockenfels and by Fehr and Schmidt
Mui, Via-Lam Fairness and Sharing in Innovation Games: A Laboratory Investigation
Renner, Elke An Experimental Bribery Game
Seidl, Christian Taxpayers' Attitudes, Behavior, and Perception of Fairness

C-9-2: Credit and Banking - Mon 14 Aug, 3:45

 Room: Mechanical Engineering 234  Chair: Pamela Labadie 
Detragiache, Enrica Does Deposit Insurance Increase Banking System Stability? An Empirical Investigation
Gourinchas, Pierre-Olivier Lending Booms: Some Stylized Facts
Prati, Alessandro Banks' Reserve Management, Transaction Costs, and the Timing of Federal Reserve Intervention
Zhu, Haibin Optimal Bank Runs without Self-Fulfilling Prophecies

C-9-3: Development Economics: Insurance and Migration - Mon 14 Aug, 3:45

 Room: Balmer 205  Chair: Anna Paulson 
Dubois, Pierre Consumption Insurance with Heterogeneous Preferences. Can Sharecropping Help Complete Markets?
Gubert, Flore Migration, Remittances and Moral Hazard. Evidence from the Kayes Area (Western Mali)
Paulson, Anna Informal Insurance and Moral Hazard: Gambling and Remittances in Thailand

C-9-4: Economic Development: Theorical Aspects - Mon 14 Aug, 3:45

 Room: Balmer 206  Chair: Jean-Francois Jacques 
Ball, Richard Norms of Cooperation and Temptations to Defect in an Evolutionary Model of Economic Development
Slobodyan, Sergey Sunspot Fluctuations: A Way Out of a Development Trap?
Li, David D. Limiting Government Predation through Anonymous Banking: A Theory and Evidence from China
Jacques, Jean-Francois Labor Market Institutions, Taxation and The Underground Economy

C-9-5: General Equilibrium - Mon 14 Aug, 3:45

 Room: Balmer 212  Chair: John K.-H. Quah 
Dupaigne, Martial Capital Utilization and the Willingness to Rest: A General Equilibrium Analysis
Jerison, Michael Nonrepresentative Representative Consumers
Ostroy, Joseph M. Linear Programming and General Equilibrium Theory
Quah, John K.-H. The Weak Axiom and Comparative Statics

C-9-6: Growth, Productivity and Inequality - Mon 14 Aug, 3:45

 Room: Mechanical Engineering 235  Chair: Debasis Bandyopadhyay 
Nahuis, Richard The Rising Skill Premium, Technological Change and Appropriability
Pal, Sarmistha On Regional Inequality and Growth in India: Theory and Evidence
Roberts, Joanne Contracting Productivity Growth

C-9-7: Horizontal and Vertical Mergers - Mon 14 Aug, 3:45

 Room: Balmer 213  Chair: Volker Nocke 
Chen, Yongmin On Vertical Mergers and Their Competitive Effects
Mumcu-Serdar, Ayse The Employment Relationship versus Independent Contracting: On the Organizational Choice and Incentives
Nocke, Volker Monopolisation and Industry Structure

C-9-8: Income Inequality - Mon 14 Aug, 3:45

 Room: Balmer 301  Chair: Andrew Harvey 
Ryu, Hang Keun A New Information Based Income Inequality Measure and Information Based Income Distributions
Wong, Linda Income Convergence and Assimilation ina Two-Sided Matching Model
Yamauchi-K., Futoshi Labor Earnings Inequality and Learning About Individual Ability: Theory and Evidence from Japan and the United States
Harvey, Andrew Measurement and Testing of Inequality from Time Series of Deciles with an Application to U.S. Wages

C-9-9: International Business Cycles - Mon 14 Aug, 3:45

 Room: Mechanical Engineering 237  Chair: Marc-Andre Letendre 
Krainer, Robert E. Corporate Governance and Business Cycles in the G-7 Countries: Do Institutions Really Matter?
Leduc, Sylvain Why Is the Business Cycle Behavior of Fundamentals Alike Across Exchange Rate Regimes?
Levin, Andrew Patience, Persistence and Properties of Two-Country Incomplete Market Models
Letendre, Marc-Andre Linear Approximation Methods and International Real Business Cycles with Incomplete Asset Markets

C-9-10: Issues in Stabilization Policy - Mon 14 Aug, 3:45

 Room: Mechanical Engineering 242  Chair: William A. Barnett 
Bec, Frederique Nonlinear Economic Policies: Pitfalls in the Lucas Critique Empirical Counterpart
Cooper, Russell Designing Stabilization Policy in a Monetary Union
Ichimura, Hidehiko Direct Estimation of Policy Effects
He, Yijun Stabilization Policy as Bifurcation Selection: Would Stabilization Policy Work if the Economy Really Were Unstable?

C-9-11: Labor Market Rigidities - Mon 14 Aug, 3:45

 Room: Mechanical Engineering 243  Chair: Bruce Shearer 
Algan, Yann How Well Does the Aggregate Demand-Aggregate Supply Framework Explain Unemployment Fluctuations? A France-United States Comparison
Fehr, Ernst How Robust are Nominal Wage Rigidities?
Gottfries, Nils Ranking of Job Applicants, On-the-Job Search and Persistent Unemployment
Shearer, Bruce Piece Rates, Fixed Wages and Incentives: Evidence from a Field Experiment

C-9-12: Mechanism Design, II - Mon 14 Aug, 3:45

 Room: Balmer 304  Chair: Manipushpak Mitra 
Grimm, Veronika Implementing Efficient Market Structure
Mitra, Manipushpak Mechanism Design in Queueing Problems

C-9-13: Transition Economics: Structural Change - Mon 14 Aug, 3:45

 Room: Balmer 306  Chair: Frederic Warzynski 
Fidrmucova, Jana Channels of Restructuring in Privatized Czech Companies
Gupta, Nandini Priorities and Sequencing in Privatization: Theory and Evidence from the Czech Republic
Korosi, Gabor Efficiency and Market Share in Hungarian Corporate Sector
Warzynski, Frederic The Causes and Consequences of Managerial Change in Ukraine and the Complementarity of Reforms

C-9-14: Simultaneous Equations - Mon 14 Aug, 3:45

 Room: Savery 211  Chair: Lynda Khalaf 
Chao, John On the Bias and MSE of the IV Estimator Under Weak Identification
Haupt, Harry Estimation of Constrained Singular Seemingly Unrelated Regression Models
Dufour, Jean-Marie Finite Sample Inference Methods for Simultaneous Equations and Models with Unobserved and Generated Regressors
Khalaf, Lynda Simulation Based Inference in Simultaneous Equations

C-9-15: Semiparametric Methods II - Mon 14 Aug, 3:45

 Room: Savery 301  Chair: Yoshihiko Nishiyama 
Carrasco, Marine H. Estimation of a Convolution via the Empirical Characteristic Function
Chesher, Andrew Polynomial Regression with Normal Covariate Measurement Error
Nishiyama, Yoshihiko Edgeworth Expansions for Semiparametric Averaged Derivatives

C-9-16: Unit Roots II - Mon 14 Aug, 3:45

 Room: Savery 311  Chair: A. M. Robert Taylor 
Inoue, Atsushi Bootstrapping Autoregressive Processes with Possible Unit Roots
Park, Joon Y. Bootstrap Unit Root Tests
Reutter, Michael Decisions on Seasonal Unit Roots
Taylor, A. M. Robert Recursive and Rolling Regression-Based Tests of Seasonal Unit Root Hypothesis

C-9-17: Volatility Models V - Mon 14 Aug, 3:45

 Room: Savery 313  Chair: George J. Jiang 
Drost, Feike C. Efficient Estimation in Semiparametric Time Series: the ACD Model
Zinde-Walsh, Victoria Properties of Estimates of Daily GARCH Parameters Based on Intra-Day Observations
Jiang, George J. Volatility Reprojection and Forecasting Performance - An EMM Approach Toward the Multivariate Stochastic Volatility Model

C-9-18: Industry Dynamics - Mon 14 Aug, 3:45

 Room: Balmer 309  Chair: Ralph Siebert 
Ishwaran, Mallika Industry Dynamics: Aggregate Uncertainty, Heterogeneity, and the Entry and Exit of Firms
Naranjo, Alexander Monge Financial Markets, Creation and Liquidation of Firms and Aggregate Dynamics
Mueller, Holger M. Project Bundling, Liquidity Spillovers, and Capital Market Discipline
Siebert, Ralph Multiproduct Firms, Learning by Doing and Price-Cost Margins over the Product Life Cycle: Evidence from the DRAM Industry

C-9-19: Computational Finance - Mon 14 Aug, 3:45

 Room: Mechanical Engineering 245  Chair: Fernando Zapatero 
Gottschling, Andreas Closed Form Integration of Artificial Neural Networks with Some Applications to Finance
Graflund, Andreas A Bayesian Inference Approach to Testing Mean Reversion in the Swedish Stock Market
Herings, P. Jean-Jacques The Robustness of the CAPM-A Computational Approach
Zapatero, Fernando Monte Carlo Valuation of Optimal Portfolios in Complete Markets

C-9-20: Dynamic General Equilibrium I - Mon 14 Aug, 3:45

 Room: Mechanical Engineering 246  Chair: Vladimir A. Karamychev 
Pessoa de_Araujo, Aloisio Bankruptcy in a Model of Unsecured Claims
Becker, Robert A. Implicit Programming and Computing the Invariant Manifold for Dynamic Equilibrium Problems
Haller, Hans Outside Options, Household Stability, and Equilibrium Efficiency
Karamychev, Vladimir A. Cycles and Multiple Equilibria in the Market for Durable Lemons

C-9-21: Inequality and Discrimination - Mon 14 Aug, 3:45

 Room: Balmer 311  Chair: Wolfgang Polasek 
Arcidiacono, Peter Search Discrimination, Human Capital Accumulation and Intergenerational Mobility
Frankel, David M. The Retail Price of Inequality
Machado, Jose A. F. Counterfactual Decomposition of Changes in Wage Distributions using Quantile Regression
Polasek, Wolfgang A Bayesian VAR - GARCH Analysis of Sectoral Labour Reallocation

C-9-22: Investment - Mon 14 Aug, 3:45

 Room: Balmer 411  Chair: Claudio Michelacci 
Bond, Stephen Noisy Share Prices and the Q Model of Investment
Funke, Michael Discovering the Link Between Uncertainty and Investment - Microeconometric Evidence from Germany
Mellander, Erik The Multi-Dimensional Nature of Labor Demand and Skill-Biased Technical Change
Michelacci, Claudio Business Creation and the Stock Market

C-9-23: Market Microstructure I - Mon 14 Aug, 3:45

 Room: Balmer 413  Chair: Nikolaus Hautsch 
Bauwens, Luc A Comparison of Financial Duration Models via Density Forecasts
Hafner, Christian M. Durations, Volume and the Prediction of Financial Returns in Transaction Time
Hautsch, Nikolaus Determinants of Inter-Trade Durations Using Proportional Hazard ARMA Models

C-9-24: Risk Sharing - Mon 14 Aug, 3:45

 Room: Mechanical Engineering 247  Chair: Qiang Zhang 
Kim, Soyoung Dynamic Risk Sharing in the United States and Europe
Roy, Sunanda Risk Sharing through Labor Contracts - Risk Aversion, Market Incompleteness and Employment
Sadoulet, Loic Equilibrium Risk-Matching in Group Lending
Zhang, Qiang Decreasing Relative Risk Aversion and Tests of Risk Sharing

C-9-25: Nonexpected Utility III - Mon 14 Aug, 3:45

 Room: Balmer 414  Chair: Tan Wang 
Halevy, Yoram A Bayesian Approach to Uncertainty Aversion
Liu, Wen-Fang Knightian Uncertainty and the Voting Paradox
Rothe, Jorn Uncertainty Aversion and Backward Induction
Wang, Tan Updating Rules for Non-Bayesian Preferences

C-9-26: Testing in Time Series Models I - Mon 14 Aug, 3:45

 Room: Mechanical Engineering 248  Chair: Jean-Daniel Saphores 
Cavaliere, Giuseppe A Rescaled Range Statistics Approach to Unit Root Tests
Leybourne, Stephen Stochastic Cointegration II: Testing
Lobato, Ignacio N. A Consistent Test for the Martingale Difference Assumption
Saphores, Jean-Daniel Simulation-Based Exact Tests for Jump-Diffusions with Unidentified Nuisance Parameters. An Application to Commodities Spot Prices

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