FRIDAY JULY 3, 2009

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MORNING SESSIONS

Price discovery in competitive markets, Part I
Time: 9:00 - 11:00 AM
Chairperson: J. Ledyard (Caltech, USA; jledyard@hss.caltech.edu)
Room Pitecusa:

09:00 - 09:25
P. Bossaerts (EPFL, SWITZERLAND and Caltech, USA; peter.bossaerts@epfl.ch): Competition in the smalls
09:30 - 09:55
J. Dichhaut (Chapman U, USA; jdickhau@chapman.edu) and B. Xin (U Toronto, CANADA): Learning about field behavior using a laboratory based model
10:00 - 10:25
M. Alton (Caltech, USA; mralton@hss.caltech.edu) and C. Plott (Caltech, USA): Experiments on the dynamics of price discovery in rapidly changing markets
10:30 - 10:55
J. Ledyard (Caltech, USA; jledyard@caltech.edu): Decentralized price discovery

Auctions
Time: 9:00 - 11:00 AM
Chairperson: L. I. de Castro Filho (U Illinois, USA; luciano@ad.uiuc.edu)
Room Primavera:

09:00 - 09:25
M. Angeles de Frutos (U Carlos III de Madrid, SPAIN; bruscosandro@gmail.com) and L. de Castro (U Illiniois, USA): Comparison of procurement procedures under corruption
09:30 - 09:55
S. Brusco (Stony Brook U, USA; bruscosandro@gmail.com): The economics of contingent re-auctions
10:00 - 10:25
L. I. de Castro Filho (U Illinois, USA; luciano@ad.uiuc.edu): Affiliation and dependence in economic models
10:30 - 10:55
T. Gresik (U Notre Dame, FRANCE; tgresik@nd.edu): The effect of statistically dependent valuations on equilibrium strategies in bilateral k-double auctions

International trade, Part I
Time: 9:00 - 11:00 AM
Chairperson: R. Riezman (U Iowa, USA; raymond-riezman@uiowa.edu)
Room Nitrodi A:

09:00 - 09:25
S. Bougheas (U Nottingham, UK; piros.bougheas@nottingham.ac.uk) and R. Riezman (U Iowa, USA; raymond-riezman@uiowa.edu): Entrepreneurs and international trade
09:30 - 09:55
H. Egger (U Bayreuth, GERMANY; hartmut.egger@uni-bayreuth.de) and P. Egger (U Munich, GERMANY): Trade and welfare effects of mergers in space
10:00 - 10:25
C.-H. Lu (City U Hong Kong, CHINA), S.-K. Peng  (Academica Sinica, TAIWAN; speng@econ.sinica.edu.tw), and P. Wang (Washington U, USA; pingwang@artsci.wustl.edu): The organization of production and trade
10:30 - 10:55
P. Conconi (U Libre de Bruxelles, BELGIUM; pconconi@ulb.ac.be), G. Facchini (U of Essex, UK), and M. Zanardi (U Libre de Bruxelles, BELGIUM): Policymakers’ horizon and economic reforms

11:00-11:30 COFFEE BREAK

Price discovery in competitive markets, Part II
Time: 11:30 AM - 1:30 PM
Chairperson: J. Ledyard (Caltech, USA; jledyard@hss.caltech.edu)
 Room Pitecusa:

11:30 - 11:55
S. Gjerstad (Chapman U, USA; gjerstad@chapman.edu): Price dynamics in an exchange economy
12:00 - 12:25
S. Crockett (Baruch College, CUNY, USA), R. Oprea (U C Santa Cruz, USA; roprea@ucsc.edu), and C. Plott (Caltech, USA): Testing market stability in the Gale model
12:30 - 12:55
D. Porter (Chapman U, USA; dporter@chapman.edu) and D. Tila (George Mason U, USA): Group prediction in information markets with and without trading information and price manipulation incentives
01:00 - 01:25
T. Palfrey (Caltech, USA; trp@hss.caltech.edu) and S. W. Wang (Caltech, USA): Systematic overpricing in prediction markets with information flows

Topics in uncertainty and information
Time: 11:30 AM - 1:30 PM
Chairperson: B. Allen (U Minnesota, USA; assist@econ.umn.edu)
Room Primavera:

11:30 - 11:55
Y. Kannai (Weizmann Institute of Science, ISRAEL), M. Kang (U Pennsylvania, USA), and L. Selden (Columbia U, USA and U Pennsylvania, USA; yoko@larryselden.com): Disentangling certainty and risk preferences
12:00 - 12:25
G. Gronnevet (Norwegian School of Economics and Business Administration, NORWAY) and J. D. Stecher (Carnegie Mellon U, USA and Norwegian School of Economics and Business Administration, NORWAY; jstecher@andrew.cmu.edu): Credit markets, board size, and board composition
12:30 - 12:55
D. Di Caprio (Free U Bozen-Bolzano, ITALY) and F. J. Santos-Arteaga (Free U Bozen-Bolzano, ITALY; FSantosArteaga@unibz.it): Homotopies on preferences under asymmetric information
01:00 - 01:25
B. Allen (U Minnesota, USA; assist@econ.umn.edu): The value of information in networks

International trade, Part II
Time: 11:30 AM - 1:30 PM
Chairperson: M. Klimenko (Georgia Tech, USA; Mikhail.Klimenko@econ.gatech.edu)
Room Nitrodi A:

11:30 - 11:55
P. Conconi (U Libre de Bruxelles, BELGIUM), G. Facchini (Erasmus U HOLLAND; facchini@ese.eur.nl), M. Steinhardt (U Milan, ITALY), and M. Zanardi (U Libre de Bruxelles, BELGIUM): Migration and trade: political substitutes? Evidence from US congressional roll call votes
12:00 - 12:25
L. Zhao (Kobe U, JAPAN; zhao@rieb.kobe-u.ac.jp): Environmentalism, wind direction, and international outsourcing
12:30 - 12:55
L. Qiu (U Hong Kong, CHINA; larryqiu@hku.hk) and W. Zhou, (U Hong Kong, CHINA): Globalization, acquisitions and endogenous firm structure
01:00 - 01:25
L. De Benedictus (U Macerata, ITALY) and L. Tajoli (Politecnico di Milano, ITALY; lucia.tajoli@polimi.it): The world trade network

1:30 - 3:30 LUNCH BREAK

EVENING SESSIONS

Networks (endogenous networks and network dynamics)
Time: 3:00 - 5:00 PM
Chairperson: F. Page (Indiana U, USA; fpage@indiana.edu
Room Pitecusa:
 

03:00 - 03:25
T. Hellmann (U Bielefeld, GERMANY; thellmann2@uni-bielefeld.de) and B. Buechel (U Bielefeld, GERMANY): Under-connected and over-connected networks
03:30 - 03:55
W. Kets (Santa Fe Institute and Tilburg, THE NETHERLANDS; willemien.kets@gmail.com), G. Iyengar (Columbia U, USA), R. Sethi (Columbia U, USA), and S. Bowles (U Siena, ITALY): Inequality and network structure
04:00 - 04:25
N. Kuschy (U Essex, UK; nkusch@essex.ac.uk) and C. Ghiglino (U Essex): Patent citation patterns without preferential attachment
04:30 - 04:55
F. Page (Indiana U, USA; fpage@indiana.edu) and M. Wooders (Vanderbilt U, USA): Endogenous network dynamics

Equilibrium and information in games
Time: 3:00 - 5:00 PM
Chairperson: J. Abdou (U Paris 1, FRANCE; abdou@univ-paris1.fr)

 

03:00 - 03:25
P. Prokopovych (Kyiv School of Economics, UCRAINA): A short proof of Reny's existence theorem for payoff secure games
03:30 - 03:55
H. Keiding (Copenhagen U, DENMARK; Hans.Keiding@econ.ku.dk): On constrained cores of NTU games
04:00 - 04:25
S. Lovo (HEC Paris, FRANCE; Lovo@hec.fr): Preopening and equilibrium selection
04:30 - 04:55
J. Abdou (U Paris 1, FRANCE; abdou@univ-paris1.fr): Rectangular game forms and Board game forms

International trade and factor mobility
Time: 3:00 - 5:00 PM
Chairperson: G. Facchini (Erasmus U, NETHERLANDS and U Milan, ITALY; gfacch@essex.ac.uk)
Room Nitrodi A:
03:00 - 03:25
P. Conconi (ECARES, U Libre de Bruxelles, BELGIUM; pconconi@ubl.ac.be), P. Legros (ECARES, U Libre de Bruxelles, BELGIUM), and A. F. Newman (Boston U, USA): Trade liberalization and organizational change
03:30 - 03:55
J. E. Namini (Erasmus U Rotterdam, NETHERLANDS; emami@few.eur.nl) and E. Pennings (Erasmus U Rotterdam, NETHERLANDS): Horizontal multinational firms, vertical multinational firms and domestic investment
04:00 - 04:25
S. Guriev (New Economic School, Moscow, RUSSIA) and M. Klimenko (Georgia IT, USA; mikhail.klimenko@econ.gatech.edu): Duration and term structure of trade agreements
04:30 - 04:55
A. Fernandes (U Sussex, UK ) and H. Tang (Hong Kong U Science and Technology, CHINA; hwtang@ust.hk): The determinants of intrafirm trade in export processing: evidence from China

Dynamic macro models with frictions or imperfections
Time: 3:00 - 5:00 PM
Chairperson: P. Wang (Washington U., St. Louis, USA; pingwang@artsci.wustl.edu)
Room Nitrodi B:
03:00 - 03:25
D. Laing (Syracuse U, USA; dlaing@maxwell.syr.edu): Frictions of the mind: a search approach to modeling boundedly rational agents
03:30 - 03:55
V. Li (U Villanova, USA; victor.li@villanova.edu): Liquidity, market frictions, and the business cycle
04:00 - 04:25
A. Litina and T. Palivos (U Macedonia, GREECE; tpalivos@uom.gr): The behavior of the saving rate in the neoclassical optimal growth model
04:30 - 04:55
J. Chang (Academia Sinica, TAIWAN; jjchang@econ.sinica.edu.tw), H. Lu (Fujen University, TAIWAN), and P. Wang (Washington U in St. Louis, USA; pingwang@wustl.edu): Search for a theory of organized crime
 

5:00-5:20 COFFEE BREAK

Lionel McKenzie Lecture:

Eric S. Maskin
A.O. Hirschman Professor of Social Science Institute for Advanced Study Princeton
"Elections and Strategic Voting: Condorcet and Borda"
with P. Dasgupta (U Cambridge, UK)

Time: 5:20 - 6:15 PM
Room Pitecusa


Chairperson: V. L. Aversa (U Naples Federico II, ITALY)

 

Leverage and other topics in equilibrium theory
Time: 6:30 - 8:30 AM
Chairperson: M. Pascoa (U Lisbon, PORTUGAL; pascoa@fe.unl.pt)
Room Pitecusa:

06:30 - 06:55
R. A. Dana (CEREMADE, U Paris IX Dauphine, FRANCE; dana@ceremade.dauphine.fr), G. Carlier (CEREMADE, U.Paris IX Dauphine, FRANCE), and A. Galichan (Ecole Polytecnique, FRANCE): Pareto efficiency and equilibrium for incomplete preferences and multivariate comonotonicity
07:00 - 07:25
J. Luque (U Nova de Lisboa, PORTUGAL), J. M. Bottazzi (CERMSEM, Paris, FRANCE), and M. Pascoa (U Lisbon, PORTUGAL): Will you lend me to short? The role of the box in leverage and repo fails
07:30 - 07:55
A. K. Seghir (American U in Cairo, EGYPT; kseghir@aucegypt.edu): Ponzi schemes and the elasticity of endogenous short-sales constraints penalizing default
08:00 - 08:25
A. Araujo (FGV and IMPA, BRAZIL;), Mario Pascoa (U Nova de Lisboa; PORTUGAL), and R. Novinski (IMPA, BRAZIL; rodrigo.novinski@gmail.com): Knightian bubbles in general equilibrium

Behavioral game theory
Time: 6:30 - 8:30 PM
Chairperson: M. Wooders (Vanderbilt U, USA; myrna.wooders@vanderbilt.edu)
Room Primavera:

06:30 - 06:55
E. Cartwright (U Kent, UK; E.J.Cartwright@kent.ac.uk) and A. Patel (U Kent, UK): Public goods, social norms and naive beliefs
07:00 - 07:25
A. Dhillon (Warwick U, UK; A.Dhillon@warwick.ac.uk) and A. Herzog-Stein (German Council of Economic Experts, GERMANY): Games of status and discriminatory contracts
07:30 - 07:55
D. Ong (U California, San Diego, USA; dvdong@gmail.com): Fishy gifts: bribing with shame and guilt
08:00 - 08:25
E. Cartwright (U Kent, UK) and M. Wooders (Vanderbilt U, USA; myrna.wooders@vanderbilt.edu): Conformity and stereotyping in social groups

Networks (networks and markets)
Time: 6:30 - 8:30 PM
Chairperson: A. Babus (U of Cambridge, UK; anababus@gmail.com)
Room Nitrodi A:

06:30 - 06:55
M. Elliott (U Stanford, USA; matt.elliott@stanford.edu): Inefficiencies in trade networks
07:00 - 07:25
C. Lever (U Stanford, USA; carloslever@stanford.edu): Price competition on a buyer-seller network
07:30 - 07:55
J. Hagenbach (Paris 1, CES, FRANCE; hagenbach@univ-paris1.fr) and F. Koessler (Paris School of Economics and CNRS, FRANCE): Strategic communication networks
08:00 - 08:25
A. Babus (U Cambridge, UK; anababus@gmail.com): Strategic relationships in over-the-counter markets

Foundations of matching and allocations
Time: 6:30 - 8:30 PM
Chairperson: D. Puzzello (U Illinois, USA; dpuzzell@ad.uiuc.edu)
Room Nitrodi B:

06:30 - 06:55
D. Duffie (Stanford U, USA) and Y. Sun (National U Singapore, REPUBLIC OF SINGAPORE; matsuny@nus.edu.sg): Independent random matching
07:00 - 07:25
D. Goldberg (Bar Ilan U, ISRAEL; dg@drorgoldberg.com): The tax-foundation theory of fiat money
07:30 - 07:55
R. Dutu (Deakin U, AUSTRALIA), B. Julien (U of New South Wales, AUSTRALIA), and I. King (U Melbourne, AUSTRALIA; ipking@unimelb.edu.au): Auctions, inflation, and welfare
08:00 - 08:25
L. Araujo (Michigan State U, USA), R. Minetti (Michigan State U, USA), and D. Puzzello (U Illinois, USA; dpuzzell@ad.uiuc.edu): Financial crises and integration in a learning economy

09:30 - 11:30
CONFERENCE DINNER


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