TUESDAY JUNE 30, 2009

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MORNING SESSIONS

Growth models with money, credit market and uncertainty, Part I
Time: 9:00 - 11:00 AM
Chairperson:
C. Le Van (U Paris 1, FRANCE; Cuong.Le-Van@univ-paris1.fr)
Room Pitecusa:

09:00 - 09:25
S. Bosi (U Lille, FRANCE; email): Multiple equilibria in two-sector monetary economies: an interplay between preferences and the timing for money
09:30 - 09:55
J. P. Drugeon (CNRS and CES, FRANCE): On sectoral supply functions with heterogeneous goods and the case for the Poincare-Hof bifurcation in competitive economies: a reconsideration
10:00 - 10:25
T. Seegmuller (PSE and CNRS, FRANCE; Thomas.Seegmuller@univ-paris1.fr): Credit market, collaterals and self-fulling bubbles: on rational exhuberance
10:30 - 10:55
A. Venditti (CNRS-GREQAM, FRANCE; Alain.Venditti@univmed.fr): Expectation-driven business cycle fluctuations with non-separable preferences

Exchange processes
Time: 9:00 - 11:00 AM
Chairperson:
J.-M. Bonnisseau (U. Paris 1, FRANCE; Jean-Marc.Bonnisseau@univ-paris1.fr)
Room Primavera:

09:00 - 09:25
M. N. Fuentes (U Nacional de San Martín, Buenos Aires, ARGENTINA; matias.fuentes@unsam.edu.ar): General equilibrium in economies with externalities and nonconvex production sets in an infinite dimensional commodity space
09:30 - 09:55
S. D. Flåm (Bergen University, NORWAY; sjur.flaam@econ.uib.no) and Y. Ermoliev (IIASA, AUSTRIA): On repeated bilateral exchange
10:00 - 10:25
J. M. Bonnisseau (PSE, Université Paris 1, FRANCE; Jean-Marc.Bonnisseau@univ-paris1.fr) Nguenamadji (PSE, Université Paris 1, FRANCE): Walrasian exchange process
10:30 - 10:55
I. Polyrakis (NTU Athens , GREECE; ypoly@math.ntua.gr): Maximal replicated submarkets

Hetereogeneous-agent models
Time: 9:00 - 11:00 AM
Chairperson:
T. Krebs (U. Manheim, GERMANY;tomkrebs@rumms.uni-mannheim.de)
Room Nitrodi A:

09:00 - 09:25
L. Braido (Getulio Vargas Foundation; BRAZIL; Ibraido@fgv.br): Ergodic Markov equilibria with incomplete markets and debt constraints that never bind
09:30 - 09:55
K. Reffett (Arizona State U; USA; Kevin.reffett@asu.edu) and L. Wozny (Warsaw School of Economics, POLAND): Partial ordering approaches to dynamic equilibrium of heterogeneous-agent economies
10:00 - 10:25
C. Ghiglino (U Essex; UK; cghig@essex.ac.uk): The role of the wealth distribution on output volatility
10:30 - 10:55
P. Beker (U Warwick; UK; p.beker@wrwick.ac.uk) and E. Espino (Universidad T. di Tella, ARGENTINA): Efficient allocations under limited commitment and heterogeneous beliefs
 

11:00-11:30 COFFEE BREAK


Growth models with money, credit market and uncertainty, Part II
Time: 11:30 AM - 1:30 PM
Chairperson:
C. Le Van (U Paris 1, FRANCE; Cuong.Le-Van@univ-paris1.fr)
Room Pitecusa:

11:30 - 11:55
F. Dufourt (BETA, FRANCE), T. Lloyd-Braga (U Catolica Portuguesa, PORTUGAL) and L. Modesto (U Catolica Portuguesa, PORTUGAL; lrm@fcee.lisboa.ucp.pt): Expected inflation changes, sunspots equilibria and persistent unemployment fluctuations
12:00 - 12:25
T. Lloyd-Braga (U Catolica Portuguesa, PORTUGAL; tlb@fcee.ucp.pt), L. Modesto (U Catolica Portuguesa, PORTUGAL), and T. Seegmuller (PSE and CNRS, FRANCE): Market distortions and local indeterminacy: a general approach
12:30 - 12:55
C. Loupias (U Evry, France) and B. Wigniolle (U Paris 1, Paris School of Economics; wignioll@univ-paris1.fr): Population, land and growth
01:00 - 01:25
D. De La Croix (UCL, Belgium) and O. Licandro (EUI; omar.licandro@eui.eui): The child is father of man: implications for the demographic transition

Bargaining theory
Time: 11:30 AM - 1:30 PM
Chairperson:
J.-J. Herings (U Maastricht, NETHERLANDS; P.Herings@ALGEC.unimaas.nl)
Room Primavera:

11:30 - 11:55
H. Vartiainen (Turku School of Economics and Yrjö Jahnsson Foundation; Hannu.Vartiainen@tse.fi): Higher order beliefs in bargaining
12:00 - 12:25
E. Tanimura (CNRS-Groupement de Recherche en Economie Quantitative Aix-Marseille, FRANCE; emily.tanimura@gmail.com) and S. Thoron (University of Toulon and GREQAM-Idep, FRANCE): A new mechanism for resolving bargaining impasses between risk averse parties
12:30 - 12:55
T. Miyakawa (Osaka University of Economics; miyakawa@osaka-eu.ac.jp): On the bilateral contracting process in economies with externalities
01:00 - 01:25
A. Predtetchinski (Maastricht University; NETHERLANDS; A.Predtetchinski@algec.unimaas.nl): On the asymptotic uniqueness of bargaining equilibria

Issues in macroeconomics and policy
Time: 11:30 AM - 1:30 PM
Chairperson:
T. Temzelides (Rice U, USA; tedt@rice.edu)
Room Nitrodi A:

11:30 - 11:55
Y. Chien (Purdue U, USA; ychien@purdue.edu), H. Cole (UCLA, USA), and H. Lustig (UCLA, USA): A multiplier approach to understanding the macro implications of household finance
12:00 - 12:25
D. Restuccia (U Toronto, Canada) and G. Vandenbroucke (U Iowa, USA; guillaume-vandenbroucke@uiowa.edu): The evolution of education: a macroeconomic analysis
12:30 - 12:55
P. Boel (Bowdoin College, USA; pboel@bowdoin.edu) and G. Camera (U Iowa, USA): Financial sophistication and the distribution of the welfare cost of inflation
01:00 - 01:25
Z. Li (U Toronto, CANADA; zhe.li@utoronto.ca): Productivity dispersion across plants, emission abatement and environmental policy


1:30 - 3:00 LUNCH BREAK


EVENING SESSIONS


Strategic information transmission and markets
Time: 3:00 - 5:00 PM
Chairperson:
P. Gottardi (European U Institute, ITALY; piero.gottardi@EUI.eu)
Room Pitecusa:

03:00 - 03:25
D. Gerardi (Yale U, USA; donato.gerardi@yale.edu) and L. Maestri (Yale U, USA): A principal-agent model of sequential testing
03:30 - 03:55
T. Calvo de Armengol (UAB, SPAIN), J. de Marti (UPF, SPAIN; joan.demarti@upf.edu), and A. Prat (LSE, UK): Endogenous communication in complex organizations
04:00 - 04:25
T. Borgers (U Michigan, USA), Á. Hernando-Veciana (U Carlos III de Madrid, SPAIN; angel.hernando@uc3m.es), and D. Krahmer (U Bonn, GERMANY): When are signals complements or substitutes?
04:30 - 04:55
P. Gottardi (EUI, ITALY; piero.gottardi@eui.eu): Markets for information. Of inefficient firewalls and efficient monopolies

Auctions and mechanism design
Time: 3:00 - 5:00 PM
Chairpersons:
A. Manelli (Arizona State U, USA; ale@asu.edu)
Room Primavera:

03:00 - 03:25
S. Parlane (U College Dublin; sarah.parlane@ucd.ie): Optimal IPO design with after-market trading
03:30 - 03:55
R. Burguet (Institut d'Anàlisi Econòmica CSIC, Bellaterra; roberto.burguet@uab.es), J.-J. Ganuza (U Pompeu Fabra, Barcelona, SPAIN), and E. Hauk (Institut d'Anàlisi Econòmica CSIC, Bellaterra, SPAIN): Limited liability and mechanism design in procurement
04:00 - 04:25
R. Deneckere (Wisconsin U, Madison, USA) and S. Severinov (British Columbia U and Essex U; sseverinov@gmail.com): Multi-dimensional screening with a one-dimensional allocation space
04:30 - 04:55
A. Manelli (Arizona State U, USA; ale@asu.edu) and D. Vincent (U of Maryland, USA): Information policies for sellers at auction

Liquidity and asset prices
Time: 3:30 - 5:00 PM
Chairperson:
J. Werner (U Minessota, USA; jwerner@atlas.socsci.umn.edu)
Room Nitrodi A:

03:30 - 03:55
A. Geumbel (U Toulouse, FRANCE; Alexander.Guembel@sbs.ox.ac.u) and O. Susman (Oxford U, UK): Liquidity, contagion and financial crisis
04:00 - 04:25
M. Rostek (Wisconsin U, USA) and M. Weretka (Wisconsin U, USA; weretka@wisc.edu): Dynamic thin markets
04:30 - 04:55
J. Geanakoplos (Yale U, USA; john.geanakoplos@yale.edu): Leverage cycles

Functional analysis and applications
Time: 3:30 - 5:00 PM
Chairpersons:
E. Avgerinos (U Rodos, GREECE; eavgerinos@gmail.com) and A. Basile (U Naples Federico II and CSEF, ITALYbasile@unina.it)
Room Nitrodi B:

03:30 - 03:55
N. Papanastassiou (U Athens, GREECE; npapanas@math.uoa.gr): On p density topology
04:00 - 04:25
X. Demetriou (U Athens, GREECE): Ideal convergence in Riesz spaces
04:30 - 04:55
E. P. Avgerinos (U Aegean, GREECE; eavgerinos@gmail.com): On periodic solutions for differential inclusions with nonconvex multifunction


5:00-5:30 COFFEE BREAK


Financial general equilibrium
Time: 5:30 - 7:30 PM
Chairpersons:
M. Magill (USC, USA; magill@almaak.usc.edu) and M. Quinzii (UC Davis, USA; mmquinzii@ucdavis.edu)
Room Pitecusa:

05:30 - 05:55
V. Britz (Maastricht U, NETHERLAND), J. J. Herings (Maastricht U, NETHERLAND; p.herings@algec.unimaas.nl), and A. Predtetchinski (Maastricht U, NETHERLAND): The theory of the firm: bargaining and competitive equilibrium
06:00 - 06:25
M. Magill (USC, USA) and M. Quinzii (UC Davis, USA; mmquinzii@ucdavis.edu): A co-moment criterion for the choice of risky investment by firms
06:30 - 06:55
M. Hoelle (Pennsylvania U, USA; mhoelle@sas.upenn.edu): A simple model of bankruptcy in general equilibrium
07:00 - 07:25
M. Magill (USC, USA; magill@almaak.usc.edu) and M. Quinzii (UC Davis,USA): Controlling expectations of inflation with the term structure of interest rates

Banking and credit
Time: 5:30 - 7:30 PM
Chairperson:
S. D. Williamson (Washington U, St. Louis, USA; swilliam@artsci.wustl.edu)
Room Primavera:

05:30 - 05:55
G. Antinolfi (Washington U St. Louis, USA; gaetano@artsci.wustl.edu) and S. Prasad (U New South Wales, AUSTRALIA): Banks and markets: liquidity versus insurance
06:30 - 06:25
H. Ennis (U Carlos III de Madrid, SPAIN; hennis@eco.uc3m.es) and J. Weinberg (Federal Reserve Bank Richmond, USA): A model of stigma in the fed funds market
06:30 - 06:55
F. Mattesini (U Rome Tor-Vergata, ITALY), C. Monnet (Federal Reserve Bank Philadelphia, USA; cyril.monnet@gmail.com), and R. Wright (U Pennsylvania, USA): Banking: a mechanism design approach
07:00 - 07:25
S. Williamson (Washington U St. Louis, USA; swilliam@artsci.wustl.edu): Credit market distress and central bank lending

General equilibrium and ambiguity
Time: 5:30 - 7:30 PM
Chairpersons:
A. Araujo (IMPA, BRAZIL; aloisio@impa.br) and J. Heleno Faro (UFMG, RAZIL; jhfaro@gmail.com)
Room Nitrodi A:

05:30 - 05:55
J. Werner (U Minessota, USA; jwerner@econ.umn.edu): Efficient allocations under ambiguity
06:30 - 06:25
S. Condie (Brigham Young U, USA) and J. Ganguli (U Cambridge, UK; jvg24@cam.ac.uk): Ambiguity and rational expectations equilibria
06:30 - 06:55
A. Araujo (FGV and IMPA, BRAZIL), A. Chateauneuf (U de Paris 1, FRANCE; chateaun@univ-paris1.fr), and J. H. Faro (UFMG): Revealing incomplete financial markets
07:00 - 07:25
M. Siniscalchi (Northwestern U, USA; marciano@northwestern.edu): Applications of vector expected utility

Auctions and non-competitive equilibrium
Time: 5:30 - 7:30 PM
Chairperson:
M. Weretka (Wisconsin-Madison, USA; weretka@wisc.edu)
Room Nitrodi B:

05:30 - 05:55
M. Rostek (Wisconsin-Madison, USA; mrostek@ssc.wisc.edu) and M. Weretka (Wisconsin-Madison, USA): Discriminatory or uniform: design of divisible good auctions
06:30 - 06:25
L. de Castro (U Illinois at Urbana-Champaign, USA; luciano@ad.uiuc.edu): Equilibria existence in regular discontinuous games
06:30 - 06:55
M. Rostek (Wisconsin-Madison, USA), M. Weretka (Wisconsin-Madison, USA; weretka@wisc.edu), and M. Pycia (UCLA, USA): Small double auctions
07:00 - 07:25
 



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