2009 Far East and South Asia Meeting of the Econometric Society

Summary of All Sessions

#Date/TimeLocationTypeTitlePapersOrganizer
1August 3, 2009
9:00-10:20
S203 contributed Exchange Rate Pass-Through3Akihisa Shibata
2August 3, 2009
9:00-10:20
L4 contributed Macroeconometrics I3Masao Ogaki
3August 3, 2009
9:00-10:20
S7 contributed Experimental Economics: Social Preference3Tatsuyoshi Saijo
4August 3, 2009
9:00-10:20
C1 contributed Economic Growth: Theory and Measurement2Toni Braun
5August 3, 2009
9:00-10:20
L2 contributed New Topics of Public Economics3Toshihiro Ihori
6August 3, 2009
9:00-10:20
L7 contributed Macroeconomic Time Series4Joon Park
7August 3, 2009
9:00-10:20
L1 contributed Banking Regulation4Takeo Hoshi
8August 3, 2009
9:00-10:20
L6 contributed Strategic Competition4Kazuharu Kiyono
9August 3, 2009
9:00-10:20
S9 contributed Regional Economic Integration4Kazuharu Kiyono
10August 3, 2009
9:00-10:20
L8 contributed Networks4Akihiko Matsui
11August 3, 2009
9:00-10:20
S8 contributed Information and Strategy4Atsushi Kajii
12August 3, 2009
9:00-10:20
L9 contributed Decision Theory I4Kazuya Kamiya
13August 3, 2009
9:00-10:20
S204 contributed Agglomeration3Takatoshi Tabuchi
14August 3, 2009
9:00-10:20
F contributed Urban Economics3Takatoshi Tabuchi
15August 3, 2009
9:00-10:20
S10 contributed Political Economy I4Yasuyuki Sawada
16August 3, 2009
9:00-10:20
L3 contributed Semi and Nonparametric Identification, Estimation and Inference 3Xiaohong Chen
17August 3, 2009
9:00-10:20
S12 contributed Resampling and Simulation Methods in Time Series3Joon Park
18August 3, 2009
10:35-11:35
L1 invited Invited Lecture: Dilip Abreu: Three Approaches to Equilibrium Selection in Stochastic Games0
19August 3, 2009
10:35-11:35
L6 invited Invited Lecture: Sendhil Mullainathan: The Behavioral Economics of Poverty0
20August 3, 2009
10:35-11:35
F invited Invited Lecture: Charles Manski: Diversified Treatment under Ambiguity0
21August 3, 2009
10:35-11:35
H invited Invited Lecture: Abhijit Banerjee: Why voters vote the way they do?0
22August 3, 2009
11:50-13:10
S203 contributed Open Economy Dynamic General Equilibrium Models I4Akihisa Shibata
23August 3, 2009
11:50-13:10
L4 contributed Macroeconometrics II3Masao Ogaki
24August 3, 2009
11:50-13:10
S7 contributed Experimental Economics: Rationality4Tatsuyoshi Saijo
25August 3, 2009
11:50-13:10
F contributed Firm Dynamics4Toni Braun
26August 3, 2009
11:50-13:10
C1 contributed Advances in Macroeconomics4Toni Braun
27August 3, 2009
11:50-13:10
L2 contributed Voting and Democracy4Toshihiro Ihori
28August 3, 2009
11:50-13:10
L7 contributed Nonstationary Time Series3Joon Park
29August 3, 2009
11:50-13:10
L1 contributed Corporate Financing4Takeo Hoshi
30August 3, 2009
11:50-13:10
S9 contributed Information and Quality2Kazuharu Kiyono
31August 3, 2009
11:50-13:10
L6 contributed Trade, Industries and Environment3Kazuharu Kiyono
32August 3, 2009
11:50-13:10
L8 contributed Disability and Economy I3Akihiko Matsui
33August 3, 2009
11:50-13:10
S8 contributed Decision Theory II4Atsushi Kajii
34August 3, 2009
11:50-13:10
L9 contributed Computational Economics2Kazuya Kamiya
35August 3, 2009
11:50-13:10
L3 contributed Semi and Nonparametric Instrumental Variable Method2Xiaohong Chen
36August 3, 2009
11:50-13:10
C2 contributed Credit Market and Monetary Policy4Shinichi Fukuda
37August 3, 2009
11:50-13:10
S10 contributed Empirical Analysis of Microfinance2Yasuyuki Sawada
38August 3, 2009
11:50-13:10
S12 contributed Theoretical Analysis of Time Series2Joon Park
39August 3, 2009
14:30-15:50
L2 contributed Social Security I3Toshihiro Ihori
40August 3, 2009
14:30-15:50
S203 contributed Empirical Studies on International Finance4Akihisa Shibata
41August 3, 2009
14:30-15:50
S7 contributed Games and Experiments3Tatsuyoshi Saijo
42August 3, 2009
14:30-15:50
C1 contributed Life Cycle Decisions and Policies4Toni Braun
43August 3, 2009
14:30-15:50
F contributed Topics in Fiscal and Monetary Policy4Toni Braun
44August 3, 2009
14:30-15:50
L7 contributed Time Series Econometrics I4Joon Park
45August 3, 2009
14:30-15:50
L1 contributed Models of Banking4Takeo Hoshi
46August 3, 2009
14:30-15:50
S9 contributed Foreign Direct Investment4Kazuharu Kiyono
47August 3, 2009
14:30-15:50
L8 contributed Repeated Games I4Akihiko Matsui
48August 3, 2009
14:30-15:50
S8 contributed Strategic Analysis of Politics and Policy Making3Atsushi Kajii
49August 3, 2009
14:30-15:50
L9 contributed Contract Theory I4Hideshi Itoh
50August 3, 2009
14:30-15:50
S204 contributed Open Economy Dynamic General Equilibrium Models II4Akihisa Shibata
51August 3, 2009
14:30-15:50
L6 contributed Empirical Studies on Innovative Activities4Hiroshi Ohashi
52August 3, 2009
14:30-15:50
L3 contributed Panel Data and Spatial Models I4Xiaohong Chen
53August 3, 2009
14:30-15:50
C2 contributed Financial Markets4Shinichi Fukuda
54August 3, 2009
14:30-15:50
L4 contributed Stepping Stone and Hours of Work4Siu Fai Leung
55August 3, 2009
14:30-15:50
S12 contributed Applications of Time Series Methods3Joon Park
56August 3, 2009
16:05-17:05
L1 invited Invited Lecture: Faruk R. Gul: A Theory of Measurable Ambiguity0
57August 3, 2009
16:05-17:05
Y invited Invited Lecture: David Weir: Longitudinal Studies of Health and Retirement0
58August 3, 2009
16:05-17:05
F invited Invited Lecture: Han Hong: Econometric Models of Dynamic Discrete Games0
59August 3, 2009
17:20-18:20
Y invited Horiba Lecture: Daniel McFadden: Selection Kills Variety! A Forensic Analysis of the Prescription Drug Insurance Market0
60August 4, 2009
9:00-10:20
S204 contributed Financial economic theory I4Makoto Saito
61August 4, 2009
9:00-10:20
L1 contributed Business Cycles I3Tomoyuki Nakajima
62August 4, 2009
9:00-10:20
F contributed Labor Market Dynamics4Toni Braun
63August 4, 2009
9:00-10:20
L2 contributed Political Economy II4Toshihiro Ihori
64August 4, 2009
9:00-10:20
L7 contributed Time Series Econometrics II3Joon Park
65August 4, 2009
9:00-10:20
S9 contributed Inputs and Technologies in Production3Kazuharu Kiyono
66August 4, 2009
9:00-10:20
L8 contributed Game Theory I3Akihiko Matsui
67August 4, 2009
9:00-10:20
S8 contributed Microeoconimc Theory II3Kazuya Kamiya
68August 4, 2009
9:00-10:20
L9 contributed Contract Theory II4Hideshi Itoh
69August 4, 2009
9:00-10:20
S7 contributed Auction I4Shigehiro Serizawa
70August 4, 2009
9:00-10:20
C1 contributed Empirical Analysis of Growth Models4Yasuyuki Sawada
71August 4, 2009
9:00-10:20
L6 contributed Empirical Studies on Firm Behavior and Market Structure3Hiroshi Ohashi
72August 4, 2009
9:00-10:00
L3 contributed Estimation and Inference under Misspecification3Xiaohong Chen
73August 4, 2009
9:00-10:20
S10 contributed Semi and Nonparametric Methods I3Xiaohong Chen
74August 4, 2009
9:00-10:20
C2 contributed Asian Economy after the Crisis3Shinichi Fukuda
75August 4, 2009
9:00-10:20
S203 contributed IV Estimation4Yuichi Kitamura
76August 4, 2009
9:00-10:20
L4 contributed Macro Labor4Siu Fai Leung
77August 4, 2009
9:00-10:20
S12 contributed Analysis of Financial Time Series4Joon Park
78August 4, 2009
10:35-11:35
H invited Invited Lecture: Hyun Song Shin: The Post-Crisis Financial System0
79August 4, 2009
10:35-11:35
L6 invited Invited Lecture: Dean Karlan: Field Experiments in Microfinance0
80August 4, 2009
10:35-11:35
L1 invited Invited Lecture: Christopher Sims: Bayesian Inference with Weak Assumptions0
81August 4, 2009
10:35-11:35
F invited Invited Lecture: Jean-Marc Robin: Business Cycle Dynamics of Earnings Inequality0
82August 4, 2009
11:50-13:10
C1 contributed Social Security II3Toshihiro Ihori
83August 4, 2009
11:50-13:10
S204 contributed Financial economics4Makoto Saito
84August 4, 2009
11:50-13:10
L1 contributed Growth and Development4Tomoyuki Nakajima
85August 4, 2009
11:50-13:10
S12 contributed Applied Time Series3Joon Park
86August 4, 2009
11:50-13:10
L8 contributed Game Theory II3Akihiko Matsui
87August 4, 2009
11:50-13:10
L9 contributed Financial Contract4Noriyuki Yanagawa
88August 4, 2009
11:50-13:10
S7 contributed Mechanism Design4Shigehiro Serizawa
89August 4, 2009
11:50-13:10
L7 contributed Political Economy of Development3Yasuyuki Sawada
90August 4, 2009
11:50-13:10
S9 contributed Regulation and Antitrust Issues3Hiroshi Ohashi
91August 4, 2009
11:50-13:10
L3 contributed Semi and Nonparametric Methods II4Xiaohong Chen
92August 4, 2009
11:50-13:10
S10 contributed Panel Data and Spatial Models II3Xiaohong Chen
93August 4, 2009
11:50-13:10
C2 contributed Capital Accumulation and Economic Growth1Shinichi Fukuda
94August 4, 2009
11:50-13:10
F contributed Price Determination in Open Economy3Shinichi Fukuda
95August 4, 2009
11:50-13:10
S203 contributed Semi and Nonparametric Methods III3Yuichi Kitamura
96August 4, 2009
11:50-13:10
L4 contributed Education and Human Capital I4Siu Fai Leung
97August 4, 2009
11:50-13:10
L6 contributed Empirical Analysis on R & D Activities3Hiroshi Ohashi
98August 4, 2009
11:50-13:10
S8 contributed Game Theory V2Akihiko Matsui
99August 4, 2009
14:30-15:50
C1 contributed Local Public Finance 3Toshihiro Ihori
100August 4, 2009
14:30-15:50
L2 contributed Macroeconometrics III4Masao Ogaki
101August 4, 2009
14:30-15:50
L1 contributed Search Theory4Tomoyuki Nakajima
102August 4, 2009
14:30-15:50
C2 contributed Impulses and Propagation4Toni Braun
103August 4, 2009
14:30-15:50
S12 contributed Modelling Financial Time Series 4Joon Park
104August 4, 2009
14:30-15:50
S8 contributed Repeated Games II3Akihiko Matsui
105August 4, 2009
14:30-15:50
L8 contributed Auction II3Akihiko Matsui
106August 4, 2009
14:30-15:50
L9 contributed Law and Economics3Noriyuki Yanagawa
107August 4, 2009
14:30-15:50
S7 contributed Social Choice I4Shigehiro Serizawa
108August 4, 2009
14:30-15:50
L7 contributed Empirical Analysis of Saving and Retirement4Yasuyuki Sawada
109August 4, 2009
14:30-15:50
L6 contributed Theoretical Studies on International Trade4Hiroshi Ohashi
110August 4, 2009
14:30-15:50
S9 contributed Theoretical Studies on R & D3Hiroshi Ohashi
111August 4, 2009
14:30-15:50
L3 contributed Time Series4Xiaohong Chen
112August 4, 2009
14:30-15:50
S10 contributed Bound Analysis in Econometrics4Xiaohong Chen
113August 4, 2009
14:30-15:50
F contributed Exchange Rate Regime2Shinichi Fukuda
114August 4, 2009
14:30-15:50
S203 contributed Theoretical Analysis in Labor3Siu Fai Leung
115August 4, 2009
14:30-15:50
L4 contributed Impact of Labor Market Reforms3Siu Fai Leung
116August 4, 2009
16:05-17:05
H invited Invited Lecture: Markus K. Brunnermeier: On the financial crisis0
117August 4, 2009
16:05-17:05
L6 invited Invited Lecture: Michihiro Kandori: Revision Games: Cooperation via the Revisions of Strategies0
118August 4, 2009
16:05-17:05
F invited Invited Lecture: Costas Meghir: Matching, Sorting and Wages0
119August 4, 2009
17:20-18:20
Y invited Presidential Address: Roger Myerson: Understanding the foundations of institutions: moral hazard in high office0
120August 5, 2009
9:00-10:20
L2 contributed Macroeconometrics IV4Masao Ogaki
121August 5, 2009
9:00-10:20
L1 contributed Financial economic theory II4Makoto Saito
122August 5, 2009
9:00-9:20
S204 contributed Overlapping generations models3Tomoyuki Nakajima
123August 5, 2009
9:00-10:20
L9 contributed Experimental Economics: Auction4Tatsuyoshi Saijo
124August 5, 2009
9:00-10:20
C1 contributed Fiscal Policy2Toshihiro Ihori
125August 5, 2009
9:00-10:20
S12 contributed Analysis of High Frequency Data3Joon Park
126August 5, 2009
9:00-10:20
C2 contributed Information and Asset Price Volatility3Takeo Hoshi
127August 5, 2009
9:00-10:20
L8 contributed Game Theory III3Akihiko Matsui
128August 5, 2009
9:00-10:20
L7 contributed Program Evaluation4Yasuyuki Sawada
129August 5, 2009
9:00-10:20
S9 contributed Structural Dynamic Estimation3Hiroshi Ohashi
130August 5, 2009
9:00-10:20
L6 contributed Multi-Sided Market and Networks3Hiroshi Ohashi
131August 5, 2009
9:00-10:20
S8 contributed Consumer Behavior and Durable Goods4Hiroshi Ohashi
132August 5, 2009
9:00-10:20
S10 contributed GMM Estimation and Inference under Non-standard Conditions3Xiaohong Chen
133August 5, 2009
9:00-10:20
F contributed Macro Dynamics4Shinichi Fukuda
134August 5, 2009
9:00-10:20
L3 contributed Estimation of Game Theoretic Models3Yuichi Kitamura
135August 5, 2009
9:00-10:20
S203 contributed Family3Siu Fai Leung
136August 5, 2009
9:00-10:20
S7 contributed Contract Theory III3Hideshi Itoh
137August 5, 2009
10:35-11:35
L1 invited Invited Lecture: Yuliy Sannikov: Continuous-time repeated games and agency models0
138August 5, 2009
10:35-11:35
F invited Invited Lecture: Ali Hortacsu: Empirical Analysis of Multi-Unit Auction Markets0
139August 5, 2009
10:35-11:35
H invited Invited Lecture: Nobuhiro Kiyotaki: Liquidity, Business Cycles and Monetary Policy0
140August 5, 2009
11:50-13:10
C1 contributed Family and Social Insurance 4Toshihiro Ihori
141August 5, 2009
11:50-13:10
L1 contributed Empirical Finance: Bond and Commodities3Makoto Saito
142August 5, 2009
11:50-13:10
S204 contributed Business Cycles II4Tomoyuki Nakajima
143August 5, 2009
11:50-13:10
L8 contributed Theory of Financial Markets4Atsushi Kajii
144August 5, 2009
11:50-13:10
L7 contributed Financial Econometrics I3Joon Park
145August 5, 2009
11:50-13:10
C2 contributed Financial Market and Macroeconomics3Takeo Hoshi
146August 5, 2009
11:50-13:10
L9 contributed Social Choice II4Shigehiro Serizawa
147August 5, 2009
11:50-13:10
S8 contributed Empirical International Trade2Takatoshi Tabuchi
148August 5, 2009
11:50-13:10
L2 contributed Empirical Analysis in Health2Yasuyuki Sawada
149August 5, 2009
11:50-13:10
S12 contributed Empirical Analysis of Financial Contagion2Yasuyuki Sawada
150August 5, 2009
11:50-13:10
S10 contributed Semi and Nonparametric Methods IV4Xiaohong Chen
151August 5, 2009
11:50-13:10
S9 contributed Asymmetric Information4Hiroshi Ohashi
152August 5, 2009
11:50-13:10
L6 contributed Pricing Decision3Hiroshi Ohashi
153August 5, 2009
11:50-13:10
F contributed Monetary Policy and Inflation2Shinichi Fukuda
154August 5, 2009
11:50-13:10
L3 contributed Identification and Estimation of Structural Models4Yuichi Kitamura
155August 5, 2009
11:50-13:10
S203 contributed Education and Human Capital II4Siu Fai Leung
156August 5, 2009
14:30-15:50
S204 contributed New Keynesian economics4Tomoyuki Nakajima
157August 5, 2009
14:30-15:50
C1 contributed Theory of Public Finance3Toshihiro Ihori
158August 5, 2009
14:30-15:50
L7 contributed Financial Econometrics II4Joon Park
159August 5, 2009
14:30-15:50
L2 contributed Natural Experiment in Developing Countries2Yasuyuki Sawada
160August 5, 2009
14:30-15:50
C2 contributed Corporate Governance4Takeo Hoshi
161August 5, 2009
14:30-15:50
L9 contributed Economic Analysis of Trade Structures4Kazuharu Kiyono
162August 5, 2009
14:30-15:50
L8 contributed Microeconomic Theory I4Kazuya Kamiya
163August 5, 2009
14:30-15:50
S12 contributed Poverty and Child Health3Yasuyuki Sawada
164August 5, 2009
14:30-15:50
L4 contributed Disability and Economy II4Yasuyuki Sawada
165August 5, 2009
14:30-15:50
L6 contributed Empirical Studies on Entry3Hiroshi Ohashi
166August 5, 2009
14:30-15:50
S7 contributed Game Theory IV3Atsushi Kajii
167August 5, 2009
14:30-15:50
S9 contributed Productivity Issues3Hiroshi Ohashi
168August 5, 2009
14:30-15:50
S8 contributed Heterogeneous Firms and Trade3Takatoshi Tabuchi
169August 5, 2009
14:30-15:50
F contributed Global Business Fluctuations4Shinichi Fukuda
170August 5, 2009
14:30-15:50
L3 contributed Nonparametric Identification and Estimation4Yuichi Kitamura
171August 5, 2009
14:30-15:50
S203 contributed Inequality3Siu Fai Leung
172August 5, 2009
16:05-17:05
L1 invited Invited Lecture: Larry G. Epstein: De Finetti Meets Ellsberg: Choice with Repeated Experiments0
173August 5, 2009
16:05-17:05
F invited Invited Lecture: Ariel Pakes: Static and Dynamic Analysis under Weaker Behavioral and Informational Assumptions: Some Examples0
174August 5, 2009
16:05-17:05
H invited Invited Lecture: Giorgio Primiceri: Nominal Rigidities and Business Cycle Fluctuations0
175August 5, 2009
17:20-18:20
Y invited Fukuzawa Lecture: James Heckman: Estimating the Technology of Cognitive and Noncognitive Skill Formation0
 

175 sessions, 515 papers


 

2009 Far East and South Asia Meeting of the Econometric Society

Complete List of All Sessions


Session 1: Exchange Rate Pass-Through

Session Organizer: Akihisa Shibata, Kyoto University
Session Chair: Mototsugu Shintani, Vanderbilt University
Session type: contributed
Date: August 3, 2009
Time: 9:00 - 10:20
Location: S203
 

New Keynesian Exchange Rate Pass-Through
JEL codes: E31; F31; F41
By Woon Gyu Choi; International Monetary Fund David Cook; Hong Kong University of Science and Technology
   Presented by: Woon Gyu Choi, IMF
 

Exchange Rate Pass-Through and Inflation: A Nonlinear Time Series Analysis
[slides]
By Mototsugu Shintani; Vanderbilt University Akiko Terada-Hagiwara; Asian Development Bank Tomoyoshi Yabu; Keio University
   Presented by: Mototsugu Shintani, Vanderbilt University
 

The European Integration and the Exchange Rate Pass-through: An Empirical Study for five Eurozone Countries vis-`a-vis the United States
By Yi-Hua Wu; Department of Finance, Kainan University. Chao-Hsi Huang;Department of Economics, National Tsing Hua University
   Presented by: Yi-Hua Wu, Kainan University

Session 2: Macroeconometrics I

Session Organizer: Masao Ogaki, Oho State University
Session Chair: Doo Yull Choi, Korea Univ. of Technology & Education
Session type: contributed
Session JEL code: E00
Date: August 3, 2009
Time: 9:00 - 10:20
Location: L4
 

On the Effects of Monetary Policy Shocks on Exchange Rates
JEL codes: C33,
By Michael Binder; Goethe University Frankfurt and Center for Financial Studies Qianying Chen; Goethe University Frankfurt Xuan Zhang; Goethe University Frankfurt
   Presented by: Michael Binder,
 

Revisiting the Tests of the Unbiased Hypothesis of Forward Exchange Rates
[slides]
By Seongman Moon; Universidad Carlos III de Madrid Carlos Velasco; Universidad Carlos III de Madrid
   Presented by: Seongman Moon, Universidad Carlos III de Madrid
 

Convergence of Real Exchange Rates in the Post-Bretton Woods Period: Evidence And Explanations of Convergence Clubs
By Chi-Young Choi;Department of Economics, University of Texas at Arlington. Doo-Yull Choi;Department of Industrial Management, Korea University of Technology & Education. Young Se Kim; Department of Economics, University of North Texas.
   Presented by: Doo Yull Choi, Korea Univ. of Technology & Education

Session 3: Experimental Economics: Social Preference

Session Organizer: Tatsuyoshi Saijo, Osaka University
Session Chair: Tomomi Tanaka, Arizona State University
Session type: contributed
Date: August 3, 2009
Time: 9:00 - 10:20
Location: S7
 

Theory of Mind and Social Preferences
JEL codes: C91, D87, H42
By Kristina Leipold; TU Dresden, Faculty of Business and Economics, D-01062 Dresden (Germany) Marcus Dittrich; European Business School (EBS), Department of Law, Governance & Economics, Soehnleinstr. 8, D-65201 Wiesbaden (Germany)
   Presented by: Kristina Leipold, Technische Universität Dresden
 

Handouts without handshakes: Patronizing out-group preferences in humans
By Tomomi Tanaka ; Arizona State University Colin Camerer ; California Institute of Technology
   Presented by: Tomomi Tanaka, Arizona State University
 

Does Social Comparison of Ability Reduce Generosity? An Experimental Investigation
By Jianlin Zhang; Department of Economics, FASS, National University of Singapore Yohanes E. Riyanto; Department of Economics, FASS, National University of Singapore
   Presented by: Jianlin Zhang, Nationall University of Singapore

Session 4: Economic Growth: Theory and Measurement

Session Organizer: Toni Braun,
Session Chair: Jonathan Ostry, International Monetary Fund
Session type: contributed
Date: August 3, 2009
Time: 9:00 - 10:20
Location: C1
 

What Makes Growth Sustained?
[slides]
JEL codes: F143, 011, 02
By Andy Berg; IMF Jonathan D. Ostry; IMF Jeromin Zettelmeyer; IMF
   Presented by: Jonathan Ostry, International Monetary Fund
 

A Two-sector Model of Endogenous Growth
By Costas Azariadis (Department of Economics, Washington University in St. Louis); Been-Lon Chen (Institute of Economics, Academia Sinica); Chia-Hui Lu (Department of Economics, National Taipei University) Yin-Chi Wang (Department of Economics, Washington University in St. Louis)
   Presented by: Been-Lon Chen, Academia SInica

Session 5: New Topics of Public Economics

Session Organizer: Toshihiro Ihori, University of Tokyo
Session Chair: Tsung-Sheng Tsai, National Tsing Hua University
Session type: contributed
Date: August 3, 2009
Time: 9:00 - 10:20
Location: L2
 

Modeling the Immigration Shock
JEL codes: H55, H52, F22
By Michele Boldrin; WUStL, FEDEA and CEPR Ana Montes; Universidad de Murcia
   Presented by: Ana Montes, Universidad de Murcia
 

The Macroeconomics of Universal Health Insurance Vouchers
[slides]
By Juergen Jung; Towson University (USA) Chung Tran; University of New South Wales (AUS)
   Presented by: Juergen Jung, Towson University
 

On IRS's Servicing and Auditing Taxpayers
[slides]
By C.C. Yang, Academia Sinica Tsung-Sheng Tsai, National Tsing Hua University
   Presented by: Tsung-Sheng Tsai, National Tsing Hua University

Session 6: Macroeconomic Time Series

Session Organizer: Joon Park, Texas A&M University
Session Chair: Hwagyun Kim, Texas A&M University
Session type: contributed
Date: August 3, 2009
Time: 9:00 - 10:20
Location: L7
 

Modeling the Dynamics of Inflation Compensation
JEL codes: C11, C22, E31
By Markus Jochmann; University of Strathclyde Gary Koop; University of Strathclyde Simon M. Potter; Federal Reserve Bank of New York
   Presented by: Markus Jochmann, University of Strathclyde
 

What Does the Market Think of the Taylor Rule?
By Scott Borger; UCSD Jim Hamilton; UCSD Seth Pruitt; Federal Reserve Board
   Presented by: Seth Pruitt, Federal Reserve Board of Governors
 

Macroeconomic Uncertainty and Asset Prices: A Stochastic Volatility Model
By Hagen Kim, Texas A&M Hyong Lee, Korea Ministry of Finance and Strategy Joon Y. Park, Texas A&M and Sungkyunkwan U. Hyosung Yeo, Texas A&M
   Presented by: Hwagyun Kim, Texas A&M University
 

International market links and volatility transmission
[slides]
By Valentina Corradi; University of Warwick Walter Distaso, Imperial College London Marcelo Fernandes; Queen Mary University of London
   Presented by: Marcelo Fernandes, Queen Mary, University of London

Session 7: Banking Regulation

Session Organizer: Takeo Hoshi, University of California, San Diego
Session Chair: Rafael Repullo, CEMFI
Session type: contributed
Date: August 3, 2009
Time: 9:00 - 10:20
Location: L1
 

A Framework for Assessing the Systemic Risk of Major Financial Institutions
JEL codes: G21,G28,G14
By Xin Huang; University of Oklahoma Hao Zhou; Federal Reserve Board Haibin Zhu; Bank for International Settlements
   Presented by: Haibin Zhu, Bank for International Settlements
 

Early Detection Techniques for Market Risk Failure
By William Pouliot City University London Jose Olmo City University London
   Presented by: William Pouliot, City University London
 

Mitigating the Procyclicality of Basel II
By Rafael Repullo; CEMFI Jesus Saurina; Bank of Spain Carlos Trucharte; Bank of Spain
   Presented by: Rafael Repullo, CEMFI
 

Has the Basel Accord accelerated evergreening policy in Japan? - A panel analysis of Japanese Bank Credit Allocation
By Yuri Sasaki; Department of Economics, Meiji Gakuin, University
   Presented by: Yuri Sasaki, Meiji Gakuin University

Session 8: Strategic Competition

Session Organizer: Kazuharu Kiyono, Waseda University
Session Chair: Tadashi Sekiguchi, Kyoto University
Session type: contributed
Date: August 3, 2009
Time: 9:00 - 10:20
Location: L6
 

Global Asymptotic Stability of a Proprietary Platform with a Dynamic Fee Scheme
By Dai Zusai; U Wisconsin-Madison
   Presented by: Dai Zusai, University of Wisconsin-Madison
 

When the Highest Bidder Loses the Auction: Theory and Evidence from Public Procurement
By Francesco Decarolis; The University of Chicago
   Presented by: Francesco Decarolis, The University of Chicago
 

Pricing of Durable Network Goods under Dynamic Coordination Failure
By Tadashi Sekiguchi: Kyoto University
   Presented by: Tadashi Sekiguchi, Kyoto University
 

The Impact of Initial Financial State on Firm Duration Across Entry Cohorts
By Kim P. Huynh (Indiana University) Robert J. Petrunia (Lakehead University) Marcel C. Voia (Carleton University)
   Presented by: Kim Huynh, Indiana University

Session 9: Regional Economic Integration

Session Organizer: Kazuharu Kiyono, Waseda University
Session Chair: Lingling Zhang, University of Rhode Island
Session type: contributed
Date: August 3, 2009
Time: 9:00 - 10:20
Location: S9
 

A Model Of Trading-Bloc Formation
JEL codes: F15
By Lingling Zhang; University of Rhode Island
   Presented by: Lingling Zhang, University of Rhode Island
 

TRADE SPECIALISATION AND ECONOMIC CONVERGENCE: EVIDENCE FROM TWO EASTERN EUROPEAN COUNTRIES
By Guglielmo Maria Caporale (Brunel University, London;, CESifo and DIW), Christophe Rault (LEO, University of Orléans, CESifo, IZA, and William Davidson Institute), Robert Sova (CES, Sorbonne University, A.S.E. and E.B.R.C), Anamaria Sova (CES, Sorbonne University, and E.B.R.C)
   Presented by: AnaMaria Sova, CES, Sorbonne University, and E.B.R.C
 

Intra- and Extra-regional Effects of Plurilateral FTAs in Asia
[slides]
By Hiro Lee; Osaka University Robert F. Owen; University of Nantes Dominique van der Mensbrugghe; The World Bank
   Presented by: Hiro Lee, Osaka University
 

European Accounting Harmonisation: Consequences of IFRS Adoption on Trade in Goods and Foreign Direct Investments
By Laura Márquez-Ramos; Department of Economics and Institute of International Economics, Universitat Jaume I, Castellón (Spain)
   Presented by: LAURA Marquez-Ramos, UNIVERSITAT JAUME I

Session 10: Networks

Session Organizer: Akihiko Matsui, University of Tokyo
Session Chair: Marco van der Leij, Universidad de Alicante
Session type: contributed
Date: August 3, 2009
Time: 9:00 - 10:20
Location: L8
 

Public Goods in Directed Networks
JEL codes: C72; D62; H41
By Kuo-chih Yuan; National Taiwan University
   Presented by: Kuo-chih Yuan, National Taiwan University
 

Social Distance and Network Structures
[slides]
By Ryota Iijima; University of Tokyo Yuichiro Kamada; Harvard University
   Presented by: Ryota Iijima, The University of Tokyo
 

Forward Induction Network Equilibrium and Heterogeneous Job Contact Networks
By Shin-Yi Wu;Department of Economics, National Chengchi University, Taiwan. Wei-Torng Juang; Institute of Economics, Academia Sinica, Taiwan.
   Presented by: Wei-Torng Juang,
 

Risk aversion and networks: Microfoundations for network formation
[slides]
By Jaromir Kovarik; University of the Basque Country Marco van der Leij; University of Alicante
   Presented by: Marco van der Leij, Universidad de Alicante

Session 11: Information and Strategy

Session Organizer: Atsushi Kajii, Kyoto University
Session Chair: Huanxing Yang, The Ohio State University
Session type: contributed
Date: August 3, 2009
Time: 9:00 - 10:20
Location: S8
 

Pre-meeting Persuasion of Two Committee Members through Selective Disclosure of Two Evidences
[slides]
JEL codes: D71, D82, D83
By Shinsuke Kambe; Gakushuin University
   Presented by: SHINSUKE KAMBE, GAKUSHUIN UNIVERSITY
 

Information Aggregation and Investment Cycles with Strategic Complementarity
By Huanxing Yang, Ohio State University
   Presented by: Huanxing Yang, The Ohio State University
 

A Coordination Game Model of Charitable Giving and Seed Money Effect
By Kentaro Hatsumi; Osaka University
   Presented by: Kentaro Hatsumi, Osaka University
 

Prizes and Lemons: Procurement of Innovation under Imperfect Commitment
[slides]
By Wei Ding; Bonn Graduate School of Economics, University of Bonn, Germany Elmar Wolfstetter; Institute of Economic Theory I, Humboldt University at Berlin, Germany
   Presented by: Wei Ding, Bonn Graduate School of Economics

Session 12: Decision Theory I

Session Organizer: Kazuya Kamiya, UNIVERSITY OF TOKYO
Session Chair: Daisuke Nakajima, University of Michigan
Session type: contributed
Date: August 3, 2009
Time: 9:00 - 10:20
Location: L9
 

Revealed Attention
JEL codes: D11 D81
By Yusufcan Masatlioglu; University of Michigan Daisuke Nakajima; University of Michigan Erkut Ozbay; University of Maryland
   Presented by: Daisuke Nakajima, University of Michigan
 

Does Regret Explain Why People Search too Little? A Model of Sequential Search with Anticipated Regret and Rejoicing
By Weng, Zhiquan(Darren); Economics, The Ohio State University.
   Presented by: Zhiquan(Darren) Weng, The Ohio State University
 

Random Discounting with Habits
By Youichiro Higashi; Graduate School of Humanities and Social Sciences/Okayama University. Kazuya Hyogo; Faculty of Economics/Ryukoku University. Norio Takeoka; Faculty of Economics/Yokohama National Univeristy.
   Presented by: Norio Takeoka, Yokohama National University
 

Pre-probabilistic sophistication
By Osamu Kada; Faculty of Engineering, Yokohama National University, Yokohama 240-8501,Japan
   Presented by: Osamu Kada, Yokohama National University

Session 13: Agglomeration

Session Organizer: Takatoshi Tabuchi, University of Tokyo
Session Chair: Yosuke Takeda, Sophia University
Session type: contributed
Date: August 3, 2009
Time: 9:00 - 10:20
Location: S204
 

Agglomeration and wage bargaining
JEL codes: J50, P25, R38
By Kenmei Tsubota; The Center for Advanced Policy Studies, Institute of Economic Research, Kyoto University
   Presented by: Kenmei Tsubota, Kyoto University
 

Agglomeration, Tax, and Local Public Good
By An-Min Wang; National Taipei University Dao-Zhi Zeng; Tohoku University
   Presented by: Dao-Zhi Zeng, Tohoku University
 

Agglomeration or Congestion? Productivity and Economic Distance of the Japanese Automobile-Part Plants
By Yosuke Takeda; Sophia University Ichihiro Uchida; Aichi University
   Presented by: Yosuke Takeda, Sophia University

Session 14: Urban Economics

Session Organizer: Takatoshi Tabuchi, University of Tokyo
Session Chair: Yukiko Abe, Hokkaido University
Session type: contributed
Date: August 3, 2009
Time: 9:00 - 10:20
Location: F
 

The Commuting Game
[slides]
JEL codes: R41
By Alex Anas; University of California, Riverside Marcus Berliant, Washington University in St. Louis
   Presented by: Marcus Berliant, Washington University in St. Louis
 

The Stability of Downtown Parking and Traffic Congestion
By Richard Arnott; University of California, Riverside Eren Inci; Sabanci University
   Presented by: Eren Inci, Sabanci University
 

Family labor supply, commuting time, and residential decisions: the case of the Tokyo Metropolitan Area
[slides]
By Yukiko Abe; Hokkaido University
   Presented by: Yukiko Abe, Hokkaido University

Session 15: Political Economy I

Session Organizer: Yasuyuki Sawada, University of Tokyo
Session Chair: Julia Cage, Harvard University and ENS
Session type: contributed
Date: August 3, 2009
Time: 9:00 - 10:20
Location: S10
 

Private Sector Crowding Out Through Excessive Public Sector Employment
JEL codes: O10,J24,H11,H83
By Esteban Jaimovich; Collegio Carlo Alberto Juan Pablo Rud; LSE
   Presented by: Esteban Jaimovich, Collegio Carlo Alberto
 

What Does It Take to Mitigate Corruption?
By Daniel Suryadarma; Australian National University Chikako Yamauchi; Australian National University
   Presented by: Chikako Yamauchi, Australian National University
 

Recruitment Fraud Victimization: Determinants, Reasons, and Impacts
By Yoshito Takasaki;University of Tsukuba
   Presented by: Yoshito Takasaki, University of Tsukuba
 

Asymmetric Information, Rent Extraction and Aid Efficiency
By Julia Cage; Harvard University and Paris School of Economics
   Presented by: Julia Cage, Harvard University and ENS

Session 16: Semi and Nonparametric Identification, Estimation and Inference

Session Organizer: Xiaohong Chen, Yale University
Session Chair: Yoon-Jae Whang, Seoul National University
Session type: contributed
Date: August 3, 2009
Time: 9:00 - 10:20
Location: L3
 

Efficient Estimation of Average Treatment Effects under Treatment-Based Sampling
JEL codes: C14, C21
By Kyungchul Song University of Pennsylvania
   Presented by: Kyungchul Song, UPenn
 

Identification in Accelerated Failure Time Competing Risks Models
By Sokbae Lee; University College London Arthur Lewbel; Boston College
   Presented by: Arthur Lewbel, Boston College
 

Nonparametric Tests of Conditional Treatment Effects
By Sokbae Lee (University College London); Yoon-Jae Whang (Seoul National University)
   Presented by: Yoon-Jae Whang, Seoul National University

Session 17: Resampling and Simulation Methods in Time Series

Session Organizer: Joon Park, Texas A&M University
Session Chair: Hwang Sun Oong, Yonsei University
Session type: contributed
Date: August 3, 2009
Time: 9:00 - 10:20
Location: S12
 

Recursive-design wild bootstrap trace test
JEL codes: C 22
By Swiss Banking Institute, University of Zurich
   Presented by: Silika Prohl, Swiss Banking Institute, University of Zurich
 

A Simple Hybrid Bootstrap Test for Predictive Ability Based on Autoregressions
By Ching-Chuan Tsong; National Chi-Nan University Cheng-Feng Lee; National Kaohsiung University of Applied Sciences Biing-Shen Kuo; National ChengChi University
   Presented by: Biing-Shen Kuo, National Chengchi University
 

Structural Break and Spurious Causality: A Simulation Study
By Sun O. Hwang; School of Economics, Yonsei University, Korea Ha-Hyun Jo; School of Economics, Yonsei University, Korea
   Presented by: Hwang Sun Oong, Yonsei University

Session 18: Invited Lecture: Dilip Abreu: Three Approaches to Equilibrium Selection in Stochastic Games

Session Organizer: ,
Session Chair: Hitoshi Matsushima, University of Tokyo
Session type: invited
Date: August 3, 2009
Time: 10:35 - 11:35
Location: L1

Session 19: Invited Lecture: Sendhil Mullainathan: The Behavioral Economics of Poverty

Session Organizer: ,
Session Chair: Takashi Kurosaki, Hitotsubashi University
Session type: invited
Date: August 3, 2009
Time: 10:35 - 11:35
Location: L6

Session 20: Invited Lecture: Charles Manski: Diversified Treatment under Ambiguity

Session Organizer: ,
Session Chair: Hidehiko Ichimura, University of Tokyo
Session type: invited
Date: August 3, 2009
Time: 10:35 - 11:35
Location: F

Session 21: Invited Lecture: Abhijit Banerjee: Why voters vote the way they do?

Session Organizer: ,
Session Chair: Yasuyuki Sawada, University of Tokyo
Session type: invited
Date: August 3, 2009
Time: 10:35 - 11:35
Location: H

Session 22: Open Economy Dynamic General Equilibrium Models I

Session Organizer: Akihisa Shibata, Kyoto University
Session Chair: Keisuke Otsu, Sophia University
Session type: contributed
Date: August 3, 2009
Time: 11:50 - 13:10
Location: S203
 

Effects of TRIPS on Growth, Welfare and Income Inequality in an R&D-Growth Model
JEL codes: O34, D31, F13
By Angus C. Chu; Institute of Economics, Academia Sinica Shin-Kun Peng; Institute of Economics, Academia Sinica
   Presented by: Angus Chu, Academia Sinica
 

Global Liquidity, Vertical Trade, and Financial Integration
By Kang Shi, Chinese University of Hong Kong Juanyi Xu, Hong Kong University of Science and Technology
   Presented by: Kang Shi, Chinese University of Hong Kong
 

International business cycle accounting: the case of Japan and the U.S. 1980-2008
By Keisuke Otsu; Sophia University
   Presented by: Keisuke Otsu, Sophia University
 

Accounting for Oil Price Variation and Weakening Impact of the Oil Crisis
By Naohisa Hirakata; Bank of Japan Nao Sudo; Bank of Japan
   Presented by: Naohisa Hirakata, Bank of Japan

Session 23: Macroeconometrics II

Session Organizer: Masao Ogaki, Oho State University
Session Chair: Tao Wu, Federal Reserve Bank of Dallas
Session type: contributed
Date: August 3, 2009
Time: 11:50 - 13:10
Location: L4
 

Measuring Inflation Expectations from Interval-Coded Data
[slides]
By Yasutomo Murasawa; School of Economics, Osaka Prefecture University
   Presented by: Yasutomo Murasawa, Osaka Prefecture University
 

Does the cost channel matter for inflation dynamics? An identification robust structural analysis for the US and the Euro area
By Rolf Scheufele; Halle Institute for Economic Research
   Presented by: Rolf Scheufele, Halle Institute for Economic Research
 

Measuring Oil-price Shocks Using Market-based Information
By Tao Wu; Federal Reserve Bank of Dallas Michele Cavallo; Federal Reserve Board
   Presented by: Tao Wu, Federal Reserve Bank of Dallas

Session 24: Experimental Economics: Rationality

Session Organizer: Tatsuyoshi Saijo, Osaka University
Session Chair: Hirokazu Takizawa, Chuo University
Session type: contributed
Date: August 3, 2009
Time: 11:50 - 13:10
Location: S7
 

Intuition and Deliberation: Two Systems for Strategizing in the Brain
By Wen-Jui Kuo; Institute of Neuroscience, National Yang-Ming University, Taipei, Taiwan Tomas Sjöström; Department of Economics, Rutgers University, New Brunswick, N.J. 08901, U.S.A. Yu-Ping Chen; Department of Economics, National Taiwan University, Taipei, Taiwan Yen-Hsiang Wang; Department of Electrical Engineering, National Taiwan University, Taipei, Taiwan Chen-Ying Huang; Department of Economics, National Taiwan University, Taipei, Taiwan
   Presented by: Yu-Ping Chen, National Taiwan University
 

Level-k Analysis of Experimental Centipede Games
By Toshiji Kawagoe; Future-University Hakodate Hirokazu Takizawa; Chuo University
   Presented by: Hirokazu Takizawa, Chuo University
 

An Egalitarian Regime Breeds Generosity: The Effect of Endowment Allocation Procedures on Social Preferences
By Yohanes E. Riyanto; Department of Economics, National University of Singapore, AS2 1Arts Link, Singapore 117570 Jianlin Zhang; Department of Economics, National University of Singapore, AS2 1Arts Link, Singapore 117570
   Presented by: Yohanes Riyanto, National University of Singapore
 

On the beliefs off the path: An experimental investigation of equilibrium refinement
By Yves Breitmoser; European University Viadrina Jonathan H.W. Tan; University of Nottingham Daniel J. Zizzo; University of East Anglia
   Presented by: Jonathan Tan, The University of Nottingham

Session 25: Firm Dynamics

Session Organizer: Toni Braun,
Session Chair: Shaojin Li, University of Texas at Austin
Session type: contributed
Date: August 3, 2009
Time: 11:50 - 13:10
Location: F
 

Real Effects of Price Stability with Endogenous Nominal Indexation
JEL codes: D21, E22, E31
By Cesaire Meh; Bank of Canada Vincenzo Quadrini; University of Southern California Yaz Terajima; Bank of Canada
   Presented by: Yaz Terajima, Bank of Canada
 

Sectoral Price Rigidity and Aggregate Dynamics
By Hafedh Bouakez, HEC Montreal Emanuela Cardia, University of Montreal Francisco Ruge-Murcia, University of Montreal
   Presented by: Francisco Ruge-Murcia, University of Montreal
 

Partial Irreversible Investment and Cyclical Capital Reallocation: the Role of Adverse Selection
By Shaojin Li; Universtity of Texas at Austin
   Presented by: Shaojin Li, University of Texas at Austin
 

Expectation Driven Firm Dynamics and Business Cycles
By Nan Li, Ohio State University M. Saif Mehkari, Ohio State University
   Presented by: Nan Li, Ohio State University

Session 26: Advances in Macroeconomics

Session Organizer: Toni Braun,
Session Chair: Wen Yao, University of Pennsylvania
Session type: contributed
Date: August 3, 2009
Time: 11:50 - 13:10
Location: C1
 

The One-child Policy: A Macroeconomic Analysis
By Pei-Ju Liao, Institute of Economics, Academia Sinica
   Presented by: Pei-Ju Liao, Academia Sinica
 

Efficiency and Lack of Commitment in an Overlapping Generations Model with Distributional Shocks
By Koichi Miyazaki; The Pennsylvania State University
   Presented by: Koichi Miyazaki, The Pennsylvania State University
 

Skill Premium, College Enrollment and Education Signals
By Yu Zheng; Washington University in St. Louis
   Presented by: Yu Zheng, Washington University in St. Louis
 

Computing DSGE Models with Recursive Preferences
By Dario Caldara; IIES Jesús Fernández-Villaverde;University of Pennsylvania, NBER, CEPR, and FEDEA Juan F. Rubio-Ramírez;Duke University, Federal Reserve Bank of Atlanta, and FEDEA Wen Yao;University of Pennsylvania
   Presented by: Wen Yao, University of Pennsylvania

Session 27: Voting and Democracy

Session Organizer: Toshihiro Ihori, University of Tokyo
Session Chair: Yasutora Watanabe, Northwestern University, Kellogg School
Session type: contributed
Date: August 3, 2009
Time: 11:50 - 13:10
Location: L2
 

The voting paradox and social networks: An empirical analysis
JEL codes: P16
By João Amaro de Matos; Universidade Nova de Lisboa Pedro Pita Barros; Universidade Nova de Lisboa and CEPR Inácia Pacheco Pereira; Universidade Nova de Lisboa
   Presented by: Joo Amaro de Matos,
 

Election Results and Opportunistic Policies: An Integrated Approach
[slides]
By Toke S. Aidt; University of Cambridge Francisco José Veiga; University of Minho Linda Gonçalves Veiga; University of Minho
   Presented by: Linda Veiga, Universidade do Minho and NIPE
 

Inferring Strategic Voting
By Kei Kawai; Dept of Economics, Northwestern University Yasutora Watanabe; Kellogg School of Management, Northwestern University
   Presented by: Yasutora Watanabe, Northwestern University, Kellogg School
 

Political Institutions and Human Development: Does Democracy Fulfill its 'Constructive' and 'Instrumental' Role?
By Sebastian Vollmer; University of Goettingen Maria Ziegler; University of Goettingen
   Presented by: Maria Ziegler, University of Goettingen

Session 28: Nonstationary Time Series

Session Organizer: Joon Park, Texas A&M University
Session Chair: Rickard Sandberg, Stockholm School of Economics
Session type: contributed
Date: August 3, 2009
Time: 11:50 - 13:10
Location: L7
 

Nonlinear Cointegration Analysis and the Environmental Kuznets Curve
JEL codes: C12, C13, Q20
By Seung Hyun Hong;Concordia University, Canada Martin Wagner;Institute for Advanced Studies, Austria
   Presented by: Seung Hyun Hong, Concordia University
 

Asymptotics for weighted periodic transformations of integrated time series
[slides]
By Chien-Ho Wang; National Taipei University Robert M. de Jong; Ohio State University
   Presented by: Chien-Ho Wang, National Taipei University
 

Testing Parameter Constancy in Unit Root Autoregressive Models against Multiple Continuous Structural Changes
By Rickard Sandberg; Stockholm School of Economics Changli He; Tianjin University of Finance and Economics
   Presented by: Rickard Sandberg, Stockholm School of Economics

Session 29: Corporate Financing

Session Organizer: Takeo Hoshi, University of California, San Diego
Session Chair: Masanori Ono, Fukushima University
Session type: contributed
Date: August 3, 2009
Time: 11:50 - 13:10
Location: L1
 

Formal Financial Sector Access for Older Firms; Does it Matter for Investment?
JEL codes: D92,D82,G30
By Alexander Karaivanov; Simon Fraser University Sonia Ruano; Bank of Spain Jesus Saurina; Bank of Spain Robert Townsend; MIT
   Presented by: Alexander Karaivanov, Simon Fraser University
 

Trading Companies as Financial Intermediaries in Japan
By Masanori Ono; Fukushima Uiversity
   Presented by: Masanori Ono, Fukushima University
 

Impact of Subprime Crisis on Small and Medium-Sized Enterprize Finance: The Case of Japan
By Kenshi Taketa; Aoyama Gakuin University
   Presented by: Kenshi Taketa, Aoyama Gakuin University
 

Excessive Risk Taking and the Maturity Structure of Debt
By Bertrand DJEMBISSI; CNAM PARIS
   Presented by: Bertrand Djembissi, CNAM PARIS

Session 30: Information and Quality

Session Organizer: Kazuharu Kiyono, Waseda University
Session Chair: Vicente Cuñat, London School of Economics
Session type: contributed
Date: August 3, 2009
Time: 11:50 - 13:10
Location: S9
 

Information gathering externalities in product markets
JEL codes: JEL: D83, L15
By Heski Bar-Isaac; New York University Guillermo Caruana; CEMFI Vicente Cuñat; London School of Economics
   Presented by: Vicente Cuñat, London School of Economics
 

Self-assessed health and cigarette smoking in China
By W. Douglass Shaw Steven T. Yen Yan Yuan
   Presented by: Steven Yen, The University of Tennessee

Session 31: Trade, Industries and Environment

Session Organizer: Kazuharu Kiyono, Waseda University
Session Chair: Jota Ishikawa, Hitotsubashi University
Session type: contributed
Date: August 3, 2009
Time: 11:50 - 13:10
Location: L6
 

Environmental and Trade Policies for Oligopolistic Industry in the Presence of Consumption Externalities
JEL codes: F13, F18
By Jota Ishikawa; Hitotsubashi University and RIETI Toshihiro Okubo; Kobe University
   Presented by: Jota Ishikawa, Hitotsubashi University
 

A Dynamic Game of Status-Seeking with Public Capital and an Exhaustible Resource
By Seiichi KATAYAMA; Aichi-Gakuin University Ngo Van Long;McGill University
   Presented by: Seiichi KATAYAMA, Aichi-gakuin University
 

Operational Complexity and Uncertainty in Firms' Environmental Management System Certification Decisions: Japanese Manufacturers
By Masao Nakamura;Sauder School of Business,University of British Columbia Takuya Takahashi;School of Environmental Science, University of Shiga Prefecture
   Presented by: Masao Nakamura, University of British Columbia

Session 32: Disability and Economy I

Session Organizer: Akihiko Matsui, University of Tokyo
Session Chair: Akihiko Matsui, University of Tokyo
Session type: contributed
Date: August 3, 2009
Time: 11:50 - 13:10
Location: L8
 

An Experimental Study of Basic Income Guarantee
[slides]
JEL codes: C73, C91, D31,
By Toshiji Kawagoe; Department of Complex Systems, Future University - Hakodate
   Presented by: Toshiji Kawagoe, Future University - Hakodate
 

Disability and Economy in Japan
By Akihiko Matsui; Faculty of Economics, University of Tokyo
   Presented by: Akihiko Matsui, University of Tokyo
 

Compensation and Responsibility: General Impossibilities and Possibilities
By Yohei Sekiguchi; University of Tokyo
   Presented by: Yohei Sekiguchi, University of Tokyo

Session 33: Decision Theory II

Session Organizer: Atsushi Kajii, Kyoto University
Session Chair: Katsutoshi Wakai, Kyoto University
Session type: contributed
Date: August 3, 2009
Time: 11:50 - 13:10
Location: S8
 

Dual representations of cardinal preferences when outcomes are vectors
[slides]
JEL codes: C02, D01, D81,
By Sudhir A. Shah; Delhi School of Economics
   Presented by: Sudhir Shah, Delhi School of Economics
 

Guilt and Self-Control
By Jawwad Noor; Boston University, Department of Economics Linxia Ren; Boston University, Department of Economics
   Presented by: Linxia Ren, Boston University
 

A Model of Stochastic Utility Smoothing
By Katsutoshi Wakai, Department of Economics, Kyoto University
   Presented by: Katsutoshi Wakai, Kyoto University
 

Optimal Lottery Games: Implications for Preferences Under Risk
By Direr; Paris School of Economics
   Presented by: Alexis Direr, PSE & Cepremap

Session 34: Computational Economics

Session Organizer: Kazuya Kamiya, UNIVERSITY OF TOKYO
Session Chair: Sergei Morozov, Morgan Stanley
Session type: contributed
Date: August 3, 2009
Time: 11:50 - 13:10
Location: L9
 

Computing Densities in Stochastic Recursive Economies: Generalized Look-Ahead Techniques
JEL codes: C61, C63
By Toni Braun; University of Tokyo Huiyu Li; University of Tokyo John Stachurski; Kyoto University
   Presented by: Huiyu Li, University of Tokyo
 

Limits of Passive Learning in the Bayesian Dual Control of Drifting Coefficient Regression
[slides]
By Sergei Morozov; Morgan Stanley & Stanford University
   Presented by: Sergei Morozov, Morgan Stanley

Session 35: Semi and Nonparametric Instrumental Variable Method

Session Organizer: Xiaohong Chen, Yale University
Session Chair: Antonio Galvao, Univ. of Illinois at Urbana-Champaign
Session type: contributed
Date: August 3, 2009
Time: 11:50 - 13:10
Location: L3
 

Instrumental Variables Estimation and Weak-Identification-Robust Inference Based on Conditional Quantile Restriction
By Vadim Marmer; University of British Shinichi Sakata; University of British Columbia
   Presented by: Shinichi Sakata, University of British Columbia
 

Instrumental Variables Quantile Regression for Panel Data with Measurement Errors
[slides]
By Antonio F. Galvao Jr. Department of Economics, University of Illinois at Urbana-Champaign Gabriel V. Montes-Rojas Department of Economics, City University London
   Presented by: Antonio Galvao, Univ. of Illinois at Urbana-Champaign

Session 36: Credit Market and Monetary Policy

Session Organizer: Shinichi Fukuda,
Session Chair: Chao Gu, University of Missouri
Session type: contributed
Date: August 3, 2009
Time: 11:50 - 13:10
Location: C2
 

Production, Hidden Action, and the Payment System
JEL codes: E31; E51; E58
By Chao Gu; University of Missouri Joe Haslag; University of Missouri Mark Guzman, University of Reading
   Presented by: Chao Gu, University of Missouri
 

Productivity, Credit Constraints and Monetary Policy
By Ying Syuan Li;Department of Economics, National Taiwan University Yiting Li;Department of Economics, National Taiwan University
   Presented by: Ying Syuan Li, National Taiwan University
 

Optimal Monetary Policy under Imperfect Financial Integration
By Yuki Teranishi; Bank of Japan Nao Sudo; Bank of Japan
   Presented by: Yuki Teranishi, Columbia University
 

EMU and European Government Bond Market Integration
[slides]
By Marta Gomez-Puig; University of Barcelona (Spain) Helena Chuliá; Universitat Oberta de Catalunya (Spain) Pilar Abad; Universidad Rey Juan Carlos (Spain)
   Presented by: Marta Gómez-Puig, University of Barcelona

Session 37: Empirical Analysis of Microfinance

Session Organizer: Yasuyuki Sawada, University of Tokyo
Session Chair: Hisaki Kono, Institute of Developing Economies
Session type: contributed
Date: August 3, 2009
Time: 11:50 - 13:10
Location: S10
 

Medium and Long-Term Participation in Microfinance: An Evaluation Using a Large Panel Dataset from Bangladesh
[slides]
By Asadul Islam Department of Economics, Monash University, Australia Email: asadul.islam@buseco.monash.edu.au Phone: +61 3 9903 2783, Fax: +61 3 9905 5476
   Presented by: Asadul Islam, Monash University
 

Why Is the Take-up of Microinsurance So Low? Evidence from a Health Insurance Scheme in India
By Seiro Ito; Institute of Developing Economies Hisaki Kono; Institute of Developing Economies
   Presented by: Hisaki Kono, Institute of Developing Economies

Session 38: Theoretical Analysis of Time Series

Session Organizer: Joon Park, Texas A&M University
Session Chair: Jin Lee, Ewha Womans University
Session type: contributed
Date: August 3, 2009
Time: 11:50 - 13:10
Location: S12
 

Bayesian Inference in the Time Varying Cointegration Model
By Gary Koop; University of Strathclyde Roberto Leon-Gonzalez; Graduate Institute of Policy Studies Rodney Strachan; University of Queensland
   Presented by: Roberto Leon-Gonzalez, National Graduate Institute for Policy S
 

Nonparametric Estimators in Long-horizon regressions with nonstationary covariates
By Jin Lee Ewha Womans University
   Presented by: Jin Lee, Ewha Womans University

Session 39: Social Security I

Session Organizer: Toshihiro Ihori, University of Tokyo
Session Chair: Yusuke Kinai, Osaka University
Session type: contributed
Session JEL code: H55
Date: August 3, 2009
Time: 14:30 - 15:50
Location: L2
 

The Design of Social Security System:Pension System vs. Unemployment Insurance
JEL codes: : H55, E61, H53
By Yusuke KINAI Graduate School of Economics, Osaka University
   Presented by: Yusuke Kinai, Osaka University
 

Health, Retirement and Social Security
By Shutao Cao; Bank of Canada Alexander Ueberfeldt; Bank of Canada
   Presented by: Shutao Cao, Bank of Canada
 

Temptation and Social Security in a Dynastic Framework
[slides]
By Cagri Seda Kumru, University of New South Wales Chung Tran, University of New South Wales
   Presented by: Chung Tran, University of New South Wales

Session 40: Empirical Studies on International Finance

Session Organizer: Akihisa Shibata, Kyoto University
Session Chair: Shigeru Iwata, University of Kansas
Session type: contributed
Date: August 3, 2009
Time: 14:30 - 15:50
Location: S203
 

Are IMF Loans More Effective without Policy Advice?: A Switching VAR Assessment
JEL codes: F33, F34, O19
By Shigeru IWATA; University of Kansas; Hiroshi Murao; Aomori Public College
   Presented by: Shigeru Iwata, University of Kansas
 

What Happened to the Good Old Days? the Role of Expenditure Switching in the Global Imbalance Adjustment
By Wei Dong Bank of Canada
   Presented by: Wei Dong, Bank of Canada
 

Timing Exchange Rates Using Order Flow: The Case of the Loonie
By Michael King; Bank for International Settlements Lucio Sarno; Cass Business School Elvira Sojli; Rotterdam School of Management, Erasmus University
   Presented by: Elvira Sojli, Rotterdam School of Management, Erasmus University
 

The Role of Financial Variables in Prediciting Economic Activity
By Raphael A. Espinoza; IMF Fabio Fornari; European Central Bank Marco J. Lombardi; European Central Bank
   Presented by: fabio fornari, European Central bank

Session 41: Games and Experiments

Session Organizer: Tatsuyoshi Saijo, Osaka University
Session Chair: Hajime Kobayashi, Osaka Prefecture University
Session type: contributed
Date: August 3, 2009
Time: 14:30 - 15:50
Location: S7
 

"Anti-Bernheim and Whinston Paradox"-Behavioral aspect in an experimental multimarket contact-
JEL codes: C72, C73, C91
By Kazuhito OGAWA; Faculty of economics, Osaka Sangyo University Tetsuya KAWAMURA; Kyoto University Tatsuya KIKUTANI; Graduate school of economics, Kyoto University Sobei H. ODA; Faculty of economics, Kyoto Sangyo University
   Presented by: Kazuhito Ogawa, Osaka Sangyo University
 

Experiments on Emergence of Leadership in Teams
By Koji Abe; Kobe University Hajime Kobayashi; Osaka Prefecture University Hideo Suehiro; Kobe University
   Presented by: Hajime Kobayashi, Osaka Prefecture University
 

Does Cooperation Exceed the Prediction of Game Theory? A Voluntary Contribution Mechanism Experiment with Interior Nash Equilibria
By Takehisa Kumakawa; Kyoto University Tatsuyoshi Saijo; Osaka University and UCLA Takehiko Yamato; Tokyo Institute of Technology
   Presented by: Takehisa Kumakawa, Kyoto University

Session 42: Life Cycle Decisions and Policies

Session Organizer: Toni Braun,
Session Chair: Masao Ogaki, Ohio State University
Session type: contributed
Date: August 3, 2009
Time: 14:30 - 15:50
Location: C1
 

Who's afraid of population aging?
JEL codes: E62, E21, J18
By Alexander Ueberfeldt; Bank of Canada
   Presented by: Alexander Ueberfeldt, Bank of Canada
 

The Household Revolution: Childcare, Housework, and Female Labor Force Participation
By Emanuela Cardia; universite de montreal Paul Gomme; Concordia University
   Presented by: Emanuela Cardia, university of montreal
 

Tough Love and Intergenerational Altruism
By Vipul Bhatt; Department of Economics, Ohio State University Masao Ogaki; Department of Economics, Ohio State University
   Presented by: Masao Ogaki, Ohio State University
 

Fertility and mortality changes in an overlapping-generations model with realistic demography
[slides]
By Sau-Him Paul Lau; University of Hong Kong
   Presented by: Sau-Him Lau, University of Hong Kong

Session 43: Topics in Fiscal and Monetary Policy

Session Organizer: Toni Braun,
Session Chair: Bin Li, International Monetary Fund
Session type: contributed
Date: August 3, 2009
Time: 14:30 - 15:50
Location: F
 

Computing Optimal Sustainable Monetary Policy
JEL codes: E52; E58; E61
By Takeki Sunakawa; Ohio State University and Bank of Japan
   Presented by: Takeki Sunakawa, Ohio State University and Bank of Japan
 

China’s Real Business Cycles between 1954 – 2006: Productivity and Policy Changes
By Min Zhaoa, National Graduate Institute for Policy Studies and World Bank Minchung Hsu, National Graduate Institute for Policy Studies (GRIPS)
   Presented by: Minchung Hsu, National Grad Institute Policy Studies
 

Evaluating Structural Vector Autoregression Models in Monetary Economies
By Bin Li; Research Department; International Monetary Fund
   Presented by: Bin Li, International Monetary Fund
 

Dynamic Stochastic General Equilibrium Models In a Liquidity Trap and Self-organizing State Space Modeling
By Koiti Yano; Economic and Social Research Institute
   Presented by: Koiti Yano, Economic and Social Research Institute

Session 44: Time Series Econometrics I

Session Organizer: Joon Park, Texas A&M University
Session Chair: Bin Chen, University of Rochester
Session type: contributed
Date: August 3, 2009
Time: 14:30 - 15:50
Location: L7
 

Threshold Quantile Autoregressive Models
[slides]
JEL codes: C14, C22, C32
By Antonio Galvao; University of Illinois at Urbana-Champaign Gabriel Montes-Rojas; City University London Jose Olmo; City University London
   Presented by: Gabriel Montes-Rojas, City University London
 

Semiparametric Testing for Changes in Memory of Otherwise Stationary Time Series
[slides]
By Adam McCloskey; Boston University
   Presented by: Adam McCloskey, Boston University
 

Testing for Common Breaks in a Multiple Equations System
By Tatsushi Oka; Boston University Pierre Perron; Boston University
   Presented by: Tatsushi Oka, Boston University
 

Estimation and Testing for Smooth Structural Changes in GARCH Models
By Bin Chen Department of Economics University of Rochester; Yongmiao Hong Department of Economics and Statistical Science Cornell University
   Presented by: Bin Chen, University of Rochester

Session 45: Models of Banking

Session Organizer: Takeo Hoshi, University of California, San Diego
Session Chair: Zhiguo He, University of Chicago, GSB
Session type: contributed
Date: August 3, 2009
Time: 14:30 - 15:50
Location: L1
 

Dynamic Bank Runs
By Zhiguo He, University of Chicago Wei Xiong, Princeton University
   Presented by: Zhiguo He, University of Chicago, GSB
 

Incentive to Issue Low Quality Securitized Products in the OTD Business Model
By Masazumi Hattori;Bank of Japan Kazuhiko Ohashi;Hitotsubashi University
   Presented by: Masazumi Hattori, Bank of Japan
 

Banking Relationships and Conflicts of Interest: Evidence from the Korean Bank Reform
[slides]
By Wook Sohn; KDI School of Public Policy and Management
   Presented by: Wook Sohn, KDI School of Public Policy & Management
 

Central Bank Haircut Policy
By James Chapman; Bank of Canada Jonathan Chiu; Bank of Canada Miguel Molico; Bank of Canada
   Presented by: Jonathan Chiu, Bank of Canada

Session 46: Foreign Direct Investment

Session Organizer: Kazuharu Kiyono, Waseda University
Session Chair: Ichiroh Daitoh, Tohoku University
Session type: contributed
Date: August 3, 2009
Time: 14:30 - 15:50
Location: S9
 

Endogenous FDI Policy and External Tariff in a Free Trade Area under International Oligopoly
JEL codes: F15,
By Ichiroh Daitoh;GSICS/Tohoku University Akemi Kawamura;GSICS/Tohoku University
   Presented by: Ichiroh Daitoh, Tohoku University
 

Foreign Direct Invesment and Business Cycle Co-movement: The Panel Data Evidence
By Jyun-Yi Wu, Department of Economics, National Central University; Ruey Yau, Department of Economics, National Central University; Chih-Chiang, Hsu, Department of Economics, National Central University
   Presented by: Jyun-Yi Wu, National Central University
 

Endogenous FDI Spillovers with Spillover-Prevention Costs
By Kiyoshi Matsubara; Nihon University
   Presented by: Kiyoshi Matsubara, Nihon University
 

FDI and Economic Growth: Revisiting the Role of Financial Market Development
By Chih-Chiang Hsu; National Central University Jyun-Yi Wu; National Central University
   Presented by: Chih-Chiang Hsu, National Central University

Session 47: Repeated Games I

Session Organizer: Akihiko Matsui, University of Tokyo
Session Chair: Takako Fujiwara-Greve, Keio University
Session type: contributed
Date: August 3, 2009
Time: 14:30 - 15:50
Location: L8
 

Strategic Experimentation Free Equilibrium in Voluntarily Separable Repeated Prisoner's Dilemma
By Takako Fujiwara-Greve; Keio University Masahiro Okuno-Fujiwara; University of Tokyo Nobue Suzuki; Komazawa University
   Presented by: Masahiro Okuno-Fujiwara, University of Tokyo
 

Cooperation in Repeated Prisoner's Dilemma with Outside Options
By Takako Fujiwara-Greve; Keio University Yosuke Yasuda; National Graduate Institute for Policy Studies (GRIPS)
   Presented by: Takako Fujiwara-Greve, Keio University
 

Perfect Public Ex-post Equilibria of Repeated Games with Uncertain Outcomes
By Drew Fudenberg; Harvard University Yuichi Yamamoto; Harvard University
   Presented by: Yuichi Yamamoto, Harvard University
 

Matching, Aspirations, and Long-Term Relationship
By In-Koo Cho; University of Illinois Akihiko Matsui; University of Tokyo
   Presented by: In-Koo Cho, University of Illinois

Session 48: Strategic Analysis of Politics and Policy Making

Session Organizer: Atsushi Kajii, Kyoto University
Session Chair: Toyotaka Sakai, Yokohama National University
Session type: contributed
Date: August 3, 2009
Time: 14:30 - 15:50
Location: S8
 

Reform with Career Concerns
By Qiang FU; National University of Singapore Ming LI; Concordia University
   Presented by: Ming Li, Concordia University
 

Freedom to Not Join: A Voluntary Participation Game of a Discrete Public Good
By Yukio Koriyama (Ecole Polytechnique)
   Presented by: Yukio Koriyama, Ecole Polytechnique
 

An experimental study of implementing fair allocations
By Yuji Fujinaka; Tokyo Metropolitan University Toyotaka Sakai; Yokohama National University Shin Sakaue; Keio University
   Presented by: Toyotaka Sakai, Yokohama National University

Session 49: Contract Theory I

Session Organizer: Hideshi Itoh, HITOTSUBASHI UNIVERSITY
Session Chair: Ines Macho-Stadler, Universitat Autonoma de Barcelona
Session type: contributed
Date: August 3, 2009
Time: 14:30 - 15:50
Location: L9
 

Option Package Bundling
[slides]
JEL codes: L11
By Takanori Adachi; Tokyo Institute of Technology Takeshi Ebina; Tokyo Institute of Technology Makoto Hanazono; Nagoya University
   Presented by: Takeshi Ebina, Tokyo Institute of Technology
 

Commercial Incentives in R&D: Research versus Development
By Albert Banal-Estañol; City University of London Inés Macho-Stadler; Universitat Autònoma de Barcelona
   Presented by: Ines Macho-Stadler, Universitat Autonoma de Barcelona
 

Public-Private Partnerships: Task Interdependence and Contractibility
By Bin Chen; School of Economics and Finance, The University of Hong Kong. Email: chinabin@hku.hk. Y. Stephen Chiu; School of Economics and Finance, The University of Hong Kong. Email: schiu@econ.hku.hk.
   Presented by: Bin CHEN, University of Hong Kong
 

How Does Job Design Affect Productivity and Earnings? Implication of the Organization of Production
By Seongwuk Moon; KDI School of Public Policy and Management
   Presented by: Seongwuk Moon, KDI School of Public Policy & Management

Session 50: Open Economy Dynamic General Equilibrium Models II

Session Organizer: Akihisa Shibata, Kyoto University
Session Chair: Junsang Lee, The Australian National University
Session type: contributed
Date: August 3, 2009
Time: 14:30 - 15:50
Location: S204
 

International Trade and a Public Intermediate Good in an Overlapping Generations Model
JEL codes: E20, F41, F43,
By Tsuyoshi Shinozaki; Faculty of Economics, Tohoku Gakuin University Makoto Tawada; Graduate School of Economics, Nagoya University Mitsuyoshi Yanagihara; Graduate School of Economics, Nagoya University
   Presented by: Mitsuyoshi Yanagihara, Nagoya University
 

Intertemporal Distribution of Foreign Aid
By Koichi Y. Takase; Waseda University
   Presented by: Koichi Takase, Waseda University
 

Growth Heterogeneity and International Environmental Agreements
By Licun Xue; McGill University Lingling Zhang; University of Rhode Island
   Presented by: Licun Xue, private
 

MONEY, INTEREST, PRICES AND CAPITAL FLOWS
By TIMOTHY KAM; Australian National University JUNSANG LEE; Australian National University
   Presented by: Junsang Lee, The Australian National University

Session 51: Empirical Studies on Innovative Activities

Session Organizer: Hiroshi Ohashi, University of Tokyo
Session Chair: Reiko Aoki, Hitotsubashi University
Session type: contributed
Date: August 3, 2009
Time: 14:30 - 15:50
Location: L6
 

Entrepreneurship and Advanced Technical Knowledge
JEL codes: M13
By Atsushi Ohyama; University of Illinois at Urbana-Champaign
   Presented by: Atsushi Ohyama, University of Illinois at Urbana-Champaign
 

Intellectual Property Enforcement in the Internet Era: Evidence from Microsoft Office in Hong Kong
By Tin Cheuk Leung; University of Minnesota
   Presented by: Tin Cheuk Leung, University of Minnesota
 

Financial incentives, state dependence, and heterogeneity: diffusion of post-patent pharmaceuticals
By Toshiaki Iizuka; Keio University
   Presented by: Toshiaki Iizuka, Keio University
 

Reforms of Patent Examination Request System in Japan: Some Lessons
By Isamu Yamauchi: National Institute of Science and Technology Policy Sadao Nagaoka; Institute of Innovation Research, Hitotsubashi University
   Presented by: sadao nagaoka, Hitotsubashi University

Session 52: Panel Data and Spatial Models I

Session Organizer: Xiaohong Chen, Yale University
Session Chair: Takashi Yamagata, University of York
Session type: contributed
Date: August 3, 2009
Time: 14:30 - 15:50
Location: L3
 

Testing for Cross-sectional Dependence in Fixed Effects Panel Data Models
JEL codes: C13;
By Badi H. Baltagi; Syracuse University Qu Feng; Syracuse University Chihwa Kao; Syracuse University
   Presented by: Chihwa Kao, Syracuse University
 

Comparison of Estimators for Spatial Error Models
By Saruta Benjanuvatra; University of York
   Presented by: Saruta Benjanuvatra, University of York
 

A Unified Estimation Approach for Spatial Dynamic Panel Data Models: Stability, Spatial Cointegration and Explosive Roots
By Lung-fei Lee; Ohio State University Jihai Yu; University of Kentucky
   Presented by: Jihai Yu, University of Kentucky
 

Panels with Nonstationary Multifactor Error Structures
By George Kapetanios; Queen Mary, University of London M. Hashem Pesaran; Cambridge University and USC Takashi Yamagata; University of York
   Presented by: Takashi Yamagata, University of York

Session 53: Financial Markets

Session Organizer: Shinichi Fukuda,
Session Chair: Saroj Bhattarai, Department of Economics
Session type: contributed
Date: August 3, 2009
Time: 14:30 - 15:50
Location: C2
 

EXTREME NEWS EVENTS, LONG-MEMORY VOLATILITY, AND TIME VARYING RISK PREMIA IN STOCK MARKET RETURNS
JEL codes: C32, C53, G13
By Wing H. Chan; Wilfrid Laurier University Liling Feng; City University of Hong Kong
   Presented by: Liling FENG, City University of Hong Kong
 

Hedging against the government: A solution to the home asset bias puzzle
By Saroj Bhattarai; Princeton University Tiago Berriel; Princeton University
   Presented by: Saroj Bhattarai, Department of Economics
 

The International Diversification Puzzle is not Worse Than You Think
By Christian Julliard; Department of Economics; London School of Economics Carlo Rosa; CORE; Université catholique de Louvain
   Presented by: Carlo Rosa, CORE
 

Hedging Ideally with Realized Covariance
By Jin-Huei Yeh; National Central University Chih-Wei Huang; National Central University Chih-Chiang Hsu; National Central University
   Presented by: Jin-Huei Yeh, National Central University

Session 54: Stepping Stone and Hours of Work

Session Organizer: Siu Fai Leung, Hong Kong University of Science and Technology
Session Chair: Kazuaki Okamura, Kochi University
Session type: contributed
Date: August 3, 2009
Time: 14:30 - 15:50
Location: L4
 

Are Contingent Jobs Dead Ends or Stepping Stones to Regular Jobs? Evidence from a Structural Estimation
By Julen Esteban-Pretel, University of Tokyo Ryo Nakajima, University of Tsukuba Ryuichi Tanaka, Tokyo Institute of Technology
   Presented by: Ryuichi Tanaka, Tokyo Institute of Technology
 

Labor Market Responses to Legal Work Hour Reduction: Evidence from Japan
By Daiji Kawaguchi; Hitotsubashi University Hisahiro Naito; The University of Tsukuba Izumi Yokoyama; The University of Michigan
   Presented by: Daiji Kawaguchi, Hitotsubashi University
 

How are the hours of work affected by regulations?: White-collar exemption and ‘name-only’ store manager in Japan
By Sachiko Kuroda; The University of Tokyo Isamu Yamamoto; Keio University
   Presented by: Isamu Yamamoto, Keio University
 

State Dependence in a Multinominal-State Labor Force Participation of Married Women in Japan
By Kazuaki Okamura; Kochi University, Japan Nizamul Islam; CEPS/INSTEAD, Luxenbourg
   Presented by: Kazuaki Okamura, Kochi University

Session 55: Applications of Time Series Methods

Session Organizer: Joon Park, Texas A&M University
Session Chair: Takamitsu Kurita, Fukuoka University
Session type: contributed
Date: August 3, 2009
Time: 14:30 - 15:50
Location: S12
 

Similar Cities vs. Nearby Cities: A Spatial Econometric Approach to MSA Level Housing Returns
By Lexian Liu; The Ohio State University Wei Wang; The Ohio State University
   Presented by: Wei Wang, The Ohio State University
 

The Seeds of the Current Crisis -- the Housing Market and the Business Cycle
By MARCELLE CHAUVET;University of California,Riverside MEICHI HUANG;University of California, Riverside
   Presented by: MeiChi Huang, UC, Riverside
 

Modelling Time Series Data of Monetary Aggregates Using I(2) and I(1) Cointegration Analysis
By Takamitsu Kurita Faculty of Economics, Fukuoka University
   Presented by: Takamitsu Kurita, Fukuoka University

Session 56: Invited Lecture: Faruk R. Gul: A Theory of Measurable Ambiguity

Session Organizer: ,
Session Chair: Hitoshi Matsushima, University of Tokyo
Session type: invited
Date: August 3, 2009
Time: 16:5 - 17:05
Location: L1

Session 57: Invited Lecture: David Weir: Longitudinal Studies of Health and Retirement

Session Organizer: ,
Session Chair: Hidehiko Ichimura, University of Tokyo
Session type: invited
Date: August 3, 2009
Time: 16:5 - 17:05
Location: Y

Session 58: Invited Lecture: Han Hong: Econometric Models of Dynamic Discrete Games

Session Organizer: ,
Session Chair: Yoshihiko Nishiyama, Kyoto University
Session type: invited
Date: August 3, 2009
Time: 16:5 - 17:05
Location: F

Session 59: Horiba Lecture: Daniel McFadden: Selection Kills Variety! A Forensic Analysis of the Prescription Drug Insurance Market

Session Organizer: ,
Session Chair: Hidehiko Ichimura, University of Tokyo
Session type: invited
Date: August 3, 2009
Time: 17:20 - 18:20
Location: Y

Session 60: Financial economic theory I

Session Organizer: Makoto Saito, Hitotsubashi University
Session Chair: Du Du, Hong Kong University of Science and Tech
Session type: contributed
Date: August 4, 2009
Time: 9:00 - 10:20
Location: S204
 

General Formulas for Valuing Stocks and Bonds with Structural Changes
JEL codes: C60, G12, G13
By Du Du; Hong Kong University of Science and Technology
   Presented by: Du Du, Hong Kong University of Science and Tech
 

A Macro-Financial Approach to Derivative Volumes
By Francois LE GRAND; Emlyon Business School Xavier RAGOT; Banque de France
   Presented by: Francois Le Grand, EMLyon Business School
 

Arbitrage Opportunities: a Blessing or a Curse?
By Roman Kozhan; University of Warwick Wing Wah Tham; Erasmus School of Economics
   Presented by: Wing Wah Tham, Erasmus University of Rotterdam
 

The Role of Nonseparable Utility and Nontradables in International Portfolio Choice
[slides]
By Akito Matsumoto; International Monetary Fund
   Presented by: Akito Matsumoto, International Monetary Fund

Session 61: Business Cycles I

Session Organizer: Tomoyuki Nakajima, Kyoto University
Session Chair: Jang-Ting Guo, University of California, Riverside
Session type: contributed
Date: August 4, 2009
Time: 9:00 - 10:20
Location: L1
 

Indeterminacy with No-Income-Effect Preferences and Sector-Specific Externalities
JEL codes: E30, E32.
By Jang-Ting Guo; University of California Riverside Sharon G. Harrison; Barnard College, Columbia University
   Presented by: Jang-Ting Guo, University of California, Riverside
 

Lending Constraints, Real Estate Prices and Business Cycles in Emerging Economies
By Raoul Minetti; Michigan State University; Tao Peng; Southwestern University of Finance and Economics
   Presented by: Tao Peng, Southwestern University of Finance and Economics
 

Can News Be a Major Source of Aggregate Fluctuations? A Bayesian DSGE Approach
[slides]
By Ippei Fujiwara; Bank of Japan Yasuo Hirose; Bank of Japan Mototsugu Shintani; Vanderbilt University
   Presented by: Yasuo Hirose, Bank of Japan

Session 62: Labor Market Dynamics

Session Organizer: Toni Braun,
Session Chair: Takanori Adachi, Tokyo Institute of Technology
Session type: contributed
Date: August 4, 2009
Time: 9:00 - 10:20
Location: F
 

Training or Search? Evidence and an Equilibrium Model
JEL codes: E24;J08;J45
By Jun Nie New York University/Kansas City Fed
   Presented by: Jun Nie, NYU
 

TFP Growth Slowdown and the Japanese Labor Market in the 1990s
By Julen Esteban-Pretel; University of Tokyo Ryo Nakajima; University of Tsukuba Ryuichi Tanaka; Tokyo Institute of Technology
   Presented by: Julen Esteban-Pretel, University of Tokyo
 

Worker Flows and Job Flows: A Quantitative Investigation
By Shigeru Fujita; Federal Reserve Bank of Philadelphia Makoto Nakajima; Federal Reserve Bank of Philadelphia
   Presented by: Shigeru Fujita, Federal Reserve Bank of Philadelphia
 

A Life-Cycle Model of Entrepreneurial Choice: Understanding Entry into and Exit from Self-Employment
By Takanori Adachi; Tokyo Institute of Technology
   Presented by: Takanori Adachi, Tokyo Institute of Technology

Session 63: Political Economy II

Session Organizer: Toshihiro Ihori, University of Tokyo
Session Chair: Suchan Chae, Seoul National university
Session type: contributed
Date: August 4, 2009
Time: 9:00 - 10:20
Location: L2
 

Partially Binding Platforms and the Advantages of Being an Extreme Candidate
JEL codes: C72, D72, D82
By Yasushi Asako; University of Wisconsin-Madison
   Presented by: Yasushi Asako, University of Wisconsin-Madison
 

The Evolution of Dictatorship
By Yinan Li Department of Economics Stockholm University
   Presented by: Yinan Li, Stockholm University
 

Contract Enforcement: A Political Economy Model of Legal Development
[slides]
By Fali Huang Singapore Management University
   Presented by: Fali Huang, Singapore Management University
 

Public Good Provision by Bargaining
By Suchan Chae Seoul National University
   Presented by: Suchan Chae, Seoul National university

Session 64: Time Series Econometrics II

Session Organizer: Joon Park, Texas A&M University
Session Chair: Hui Zhu, Queen's University
Session type: contributed
Date: August 4, 2009
Time: 9:00 - 10:20
Location: L7
 

Nonparametric Orthogonality Tests in the Presence of MA Disturbances with an Application of the Expectations Hypothesis
[slides]
JEL codes: C14,F37
By Seongman Moon, Universidad Carlos III de Madrid; Carlos Velasco, Universidad Carlos III de Madrid;
   Presented by: Carlos Velasco, Universidad Carlos III de Madrid
 

Multi-step Forecasting and Predictive Regressions
[slides]
By Guillaume Chevillon; ESSEC Business School and CREST-INSEE, Paris
   Presented by: Guillaume Chevillon, ESSEC, Paris
 

Updating Forecasts in Vector Autoregression Models with an Application to the Canadian Banking Industry
By Julia Hui Zhu; University of Calgary Allan W. Gregory; Queen's University
   Presented by: Hui Zhu, Queen's University

Session 65: Inputs and Technologies in Production

Session Organizer: Kazuharu Kiyono, Waseda University
Session Chair: Akihito Asano, The Australian National University
Session type: contributed
Date: August 4, 2009
Time: 9:00 - 10:20
Location: S9
 

The nature of inferior inputs
JEL codes: D24
By Akihito Asano; School of Economics, The Australian National University
   Presented by: Akihito Asano, The Australian National University
 

Non-Separability and Substitutability among Water Pollutants: Evidence from India
By Surender Kumar; Department of Policy Studies TERI University, 10, Institutional Area, Vasant Kunj, New Delhi 110070, India and Shunsuke Managi; Faculty of Business Administration, Yokohama National University, 79-4, Tokiwadai, Hodogaya-ku, Yokohama 240-8501 Japan
   Presented by: Surender Kumar, TERI University
 

The Indian Business Process Outsourcing Industry: An Evaluation of Firm-Level Performance
By Arti Grover, Delhi School of Economics
   Presented by: Arti Grover, Delhi School of Economics

Session 66: Game Theory I

Session Organizer: Akihiko Matsui, University of Tokyo
Session Chair: Yuichiro Kamada, Harvard University
Session type: contributed
Date: August 4, 2009
Time: 9:00 - 10:20
Location: L8
 

Honesty vs. White Lies
[slides]
JEL codes: C72, D82, D83
By Kyungmin Kim, Hong Kong University of Science and Technology Jonathan Pogach, University of Pennsylvania
   Presented by: KyungMin Kim, Hong Kong University of Science and Technology
 

Multidimensional Cheap Talk with Sequential Messages
[slides]
By Shintaro Miura Graduate School of Economics, Washington University in St. Louis
   Presented by: SHINTARO MIURA, Washington University in St. Louis
 

Hierarchical cheap talk
By Attila Ambrus; Harvard University Eduardo Azevedo; Harvard University Yuichiro Kamada; Harvard University
   Presented by: Yuichiro Kamada, Harvard University

Session 67: Microeoconimc Theory II

Session Organizer: Kazuya Kamiya, UNIVERSITY OF TOKYO
Session Chair: Naoki Yoshihara, Institute of Economic Research
Session type: contributed
Date: August 4, 2009
Time: 9:00 - 10:20
Location: S8
 

Note on Age, Wage and Suicide: Impacts of Wage Uncertainty on Suicide
JEL codes: I19, D91, D81
By Tomoya Suzuki; Faculty of Economics, Kansai University
   Presented by: Tomoya Suzuki, Kansai University
 

Injustice of exploitation: an axiomatic approach
By Naoki Yoshihara, Institute of Economic Research, Hitotsubashi University Roberto Veneziani, Department of Economics, University of London at Queen Mary
   Presented by: Naoki Yoshihara, Institute of Economic Research
 

Temptation and Self-Control: A Corrigendum
By Koji Abe; Kobe University
   Presented by: Koji Abe, Kobe University

Session 68: Contract Theory II

Session Organizer: Hideshi Itoh, HITOTSUBASHI UNIVERSITY
Session Chair: Bo Chen, Southern Methodist University
Session type: contributed
Date: August 4, 2009
Time: 9:00 - 10:20
Location: L9
 

A Theory of Offshoring and Outsourcing Based on Agency Costs
JEL codes: D86
By Y. Stephen Chiu, School of Economics and Finance, the University of Hong Kong Eric S. Chou, Department of Economics, the National Tsing Hua University, Hsinchu, Taiwan
   Presented by: Eric Chou, National Tsing Hua University
 

Optimal Time-Contingent Contract Design
By Bo Chen; Dept of Economics; Southern Methodist University; Zaifu Yang; Faculty of Business Administration; Yokohama National University
   Presented by: Bo Chen, Southern Methodist University
 

Relational Political Contribution under Common Agency
By Akifumi Ishihara London School of Economics and Political Science
   Presented by: Akifumi Ishihara, LSE
 

Optimal Efficiency Wage Contracts with Subjective Evaluation
By Jimmy Chan; Shanghai University of Finance and Economics Bingyong Zheng; Shanghai University of Finance and Economics
   Presented by: Jimmy Chan, The Shanghai School of Finance and Econo

Session 69: Auction I

Session Organizer: Shigehiro Serizawa, Osaka University
Session Chair: Liang Zou, University of Amsterdam
Session type: contributed
Date: August 4, 2009
Time: 9:00 - 10:20
Location: S7
 

Bidding Strategy in Proxied Package Auctions with Complementarities
JEL codes: D44, D82
By Ryuji Sano; Graduate School of Economics, The University of Tokyo
   Presented by: Ryuji Sano, The University of Tokyo
 

First and Second Price Mechanisms in Procurement Auctions
By Vlad Mares; Kellogg School of Management Jeroen Swinkels; Olin School of Business
   Presented by: Vlad Mares, Northwestern University
 

Efficient Auctions of Risky Asset to Heterogeneous Risk Averse (Preferring) Buyers
[slides]
By Audrey Hu; University of Amsterdam/Tinbergen Institute Liang Zou; University of Amsterdam Business School
   Presented by: Liang Zou, University of Amsterdam
 

Worst-case mechanism design with undominated strategies
By Takuro Yamashita; Stanford University
   Presented by: Takuro Yamashita, Stanford University

Session 70: Empirical Analysis of Growth Models

Session Organizer: Yasuyuki Sawada, University of Tokyo
Session Chair: Thanh Le, University of Queensland, Australia
Session type: contributed
Date: August 4, 2009
Time: 9:00 - 10:20
Location: C1
 

Financial globalization, convergence and growth
[slides]
JEL codes: O47, F21, F43
By Francisco José Veiga; University of Minho (Portugal) Delfim Gomes Neto; University of Minho (Portugal)
   Presented by: Francisco Veiga, Universidade do Minho
 

Remittances or technological diffusion: Which is more important for the development of developing countries?
By Thanh Le; School of Economics, The University of Queensland, Brisbane QLD 4072, Australia. Philip Bodman; School of Economics, The University of Queensland, Brisbane QLD 4072, Australia.
   Presented by: Thanh Le, University of Queensland, Australia
 

Natural Resource Dependence, Non-Tradables, and Economic Growth
By Universitat Pompeu Fabra, Universitat Barcelona
   Presented by: Markus Bruckner, Universitat Pompeu Fabra
 

Why is Chinese Regional Output Diverging? An Econometric Analysis
[slides]
By David L. Edgerton; Lund University, Sweden Joakim Westerlund; Lund University, Sweden Sonja Opper; Lund University, Sweden
   Presented by: David Edgerton, Lund University

Session 71: Empirical Studies on Firm Behavior and Market Structure

Session Organizer: Hiroshi Ohashi, University of Tokyo
Session Chair: Jozsef Molnar, Uk Competition Commission
Session type: contributed
Date: August 4, 2009
Time: 9:00 - 10:20
Location: L6
 

The Empirical Consequences of Advertising Content in the Hungarian Mobile Phone Market
By Greg Crawford; University of Warwick Jozsef Molnar; UK Competition Commission
   Presented by: Jozsef Molnar, Uk Competition Commission
 

Testing Models of Consumer Search using Data on Web Browsing and Purchasing Behavior
By Babur De los Santos; Indiana University Ali Hortaçsu; University of Chicago Matthijs Wildenbeest; Indiana University
   Presented by: Matthijs Wildenbeest, Indiana University
 

Quantitative Evaluation of Determinants of Export and FDI: Firm-Level Evidence from Japan
By Yasuyuki Todo; University of Tokyo
   Presented by: Yasuyuki Todo, University of Tokyo

Session 72: Estimation and Inference under Misspecification

Session Organizer: Xiaohong Chen, Yale University
Session Chair: Christopher Parmeter, Virginia Tech
Session type: contributed
Date: August 4, 2009
Time: 9:00 - 10:00
Location: L3
 

Optimal Comparison of Misspecified Moment Restriction Models
JEL codes: C12; C14; C52
By Vadim Marmer; University of British Columbia Taisuke Otsu; Yale University
   Presented by: Vadim Marmer, University of British Columbia
 

GEL Specification Test Robust to Local Misspecification
By Haiqi Li; The Wang Yanan Institute for Studies in Economics, Xiamen University, Xiamen, Fujian, China. Sung Y. Park; The Wang Yanan Institute for Studies in Economics, Xiamen University, Xiamen, Fujian, China.
   Presented by: Haiqi Li, Xiamen University
 

Data-Driven Model Evaluation: A Test for Revealed Performance
By Jeffrey S. Racine; McMaster University Christopher F. Parmeter; Virginia Polytechnic Institute and State University
   Presented by: Christopher Parmeter, Virginia Tech

Session 73: Semi and Nonparametric Methods I

Session Organizer: Xiaohong Chen, Yale University
Session Chair: Qingfeng Liu, Otaru University of Commerce
Session type: contributed
Date: August 4, 2009
Time: 9:00 - 10:20
Location: S10
 

Threshold Regression Without Distribution Assumption when the Threshold Variable Is Endogenous
JEL codes: C13, C14, C51
By Hung-Pin Lai; Department of Economics, National Chung Cheng University; Chang-Ching Lin; Institute of Economics, Academia Sinica.
   Presented by: Chang-Ching Lin, Academia Sinica
 

Survival of the Smartest: Robust Rank-based Regression model for truncated data
By Aurobindo Ghosh; Singapore Management University
   Presented by: Aurobindo Ghosh, Singapore Management University
 

Difference-based Estimation for Semiparametric Varying-Coefficient Partially Linear Models
By Qingfeng Liu; Otaru University of Commerce Yichao Wu; North Carolina State University Jianqing Fan; Princeton University
   Presented by: Qingfeng Liu, Otaru University of Commerce

Session 74: Asian Economy after the Crisis

Session Organizer: Shinichi Fukuda,
Session Chair: Woosik Moon, Seoul National University
Session type: contributed
Date: August 4, 2009
Time: 9:00 - 10:20
Location: C2
 

Between Two Whales: Korea's Choice in the Post-Crisis Era?
JEL codes: F13,F15,F39
By Joon-Kyung Kim; KDI School of Public Policy and Management Chung H. Lee; University of Hawaii at Manoa
   Presented by: Joon-Kyung Kim, KDI School of Public Policy and Manageme
 

Saving, Investment and Current Account Surplus in Developing Asia
By DONGHYUN PARK; ASIAN DEVELOPMENT BANK KWANHO SHIN; KOREA UNIVERSITY
   Presented by: Donghyun Park, Asian Development Bank
 

Foreign Ownership and Performance of Banks: The Case of Korea
By Woosik Moon; Seoul National University
   Presented by: Woosik Moon, Seoul National University

Session 75: IV Estimation

Session Organizer: Yuichi Kitamura, Yale University
Session Chair: Long Liu, University of Texas at San Antonio
Session type: contributed
Date: August 4, 2009
Time: 9:00 - 10:20
Location: S203
 

Identification and GMM Estimation of Social Interaction Models with Centrality
JEL codes: C13, C21
By Xiaodong Liu; University of Colorado at Boulder Lung-fei Lee; Ohio State University
   Presented by: Xiaodong Liu, University of Colorado at Boulder
 

An Optimal Modification of the LIML Estimation for Many Instruments and Persistent Heteroscedasticity
By Naoto Kunitomo Graduate School of Economics, University of Tokyo, Bunkyo-ku, Hongo 7-3-1 Tokyo, JAPAN, kunitomo@e.u-tokyo.ac.jp
   Presented by: Naoto Kunitomo, University of Tokyo
 

Specification Test for Instrumental Variables Regression with Many Instruments
By Yoonseok Lee; University of Michigan Ryo Okui; Hong Kong University of Science and Technology
   Presented by: Ryo Okui, Kyoto University
 

Consistent Estimation with Weak Instruments in Panel Data
By Chihwa Kao; Syracuse University Long Liu; University of Texas at San Antonio
   Presented by: Long Liu, University of Texas at San Antonio

Session 76: Macro Labor

Session Organizer: Siu Fai Leung, Hong Kong University of Science and Technology
Session Chair: Thomas Wagner, University of Applied Sciences Nuernberg
Session type: contributed
Date: August 4, 2009
Time: 9:00 - 10:20
Location: L4
 

Asymmetric Information, Wage Dispersion and Unemployment Fluctuations
By Ng. Ha Dao; University of Quebec at Montreal
   Presented by: Ng. Ha Dao, University of Quebec at Montreal
 

The dynamic effects of shocks to wages and prices in the United States and the Euro Area
By Rita Duarte; Banco de Portugal Carlos Robalo Marques; Banco de Portugal
   Presented by: Carlos Marques, Banco de Portugal
 

Do Eligibility Criteria for Unemployment Benefits Influence Unemployment?
By Thomas Wagner, University of Applied Sciences Nuremberg, Germany; Elke J. Jahn, Aarhus University, Denmark
   Presented by: Thomas Wagner, University of Applied Sciences Nuernberg
 

Real Wages and the Business Cycle: Accounting for Worker and Firm
By Anabela Carneiro ; Universidade do Porto Paulo Guimarães ;University of South Carolina Pedro Portugal ; Banco de Portugal
   Presented by: Pedro Portugal, Banco de Portugal

Session 77: Analysis of Financial Time Series

Session Organizer: Joon Park, Texas A&M University
Session Chair: Yin Liao, Australian National University
Session type: contributed
Date: August 4, 2009
Time: 9:00 - 10:20
Location: S12
 

Volatility Modelling with Heterogeneous Impulse Response Function: Introducing Non-parametric Jumps into the FIEGARCH Model
By PING-CHEN TSAI; Department of Accounting and Finance, Lancaster University Management School, United Kindom
   Presented by: PING CHEN TSAI, Lancaster University
 

Separating Risk due to Diffusion, Positive Jumps, and Negative Jumps
By Stefan Klößner; Saarland University
   Presented by: Stefan Klößner, Saarland University
 

On regression with variance built-in mean regression function: a new financial model
By Lu Lin; School of Mathematics Feng Li; School of Mathematics Lixing Zhu; Hong Kong Baptist University
   Presented by: Lu Lin, Shandong University
 

Does Decomposing Realized Volatility Help in Risk Measure Prediction: Evidence From Chinese Mainland Stock Market
[slides]
By Yin Liao School of Economics Australian National University
   Presented by: Yin Liao, Australian National University

Session 78: Invited Lecture: Hyun Song Shin: The Post-Crisis Financial System

Session Organizer: ,
Session Chair: Atsushi Kajii, Kyoto University
Session type: invited
Date: August 4, 2009
Time: 10:35 - 11:35
Location: H

Session 79: Invited Lecture: Dean Karlan: Field Experiments in Microfinance

Session Organizer: ,
Session Chair: Yasuyuki Sawada, University of Tokyo
Session type: invited
Date: August 4, 2009
Time: 10:35 - 11:35
Location: L6

Session 80: Invited Lecture: Christopher Sims: Bayesian Inference with Weak Assumptions

Session Organizer: ,
Session Chair: Michio Hatanaka,
Session type: invited
Date: August 4, 2009
Time: 10:35 - 11:35
Location: L1

Session 81: Invited Lecture: Jean-Marc Robin: Business Cycle Dynamics of Earnings Inequality

Session Organizer: ,
Session Chair: Daiji Kawaguchi, Hitotsubashi University
Session type: invited
Date: August 4, 2009
Time: 10:35 - 11:35
Location: F

Session 82: Social Security II

Session Organizer: Toshihiro Ihori, University of Tokyo
Session Chair: Cagri Kumru, University of New South Wales
Session type: contributed
Session JEL code: H55
Date: August 4, 2009
Time: 11:50 - 13:10
Location: C1
 

An Analysis of Means Tested Social Pensions
JEL codes: E21, H55
By Cagri Kumru; University of New South Wales John Piggott; University of New South Wales
   Presented by: Cagri Kumru, University of New South Wales
 

Public Pension Reforms and Private Savings
[slides]
By Minki Hong; Korea Labor Institute
   Presented by: Minki Hong, Korea Labor Institute
 

Workplace Disability Diversity and Job-related Well-being in Britain: a WERS2004 based analysis
By Getinet Haile; Policy Studies Institute, University of Mannheim and IZA
   Presented by: Getinet Haile,

Session 83: Financial economics

Session Organizer: Makoto Saito, Hitotsubashi University
Session Chair: Sadayuki Ono, University of York
Session type: contributed
Date: August 4, 2009
Time: 11:50 - 13:10
Location: S204
 

Term Structure Dynamics in a Monetary Economy with Learning
[slides]
JEL codes: G12, E43, D83.
By Sadayuki Ono; University of York
   Presented by: Sadayuki Ono, University of York
 

Should the optimal portfolio be region-specific? a multi-region model with monetary policy and asset price co-movements
By Charles Ka Yui Leung City University of Hong Kong; Wing Leong Teo National Taiwan University
   Presented by: Charles Leung, City University of Hong Kong
 

An Inelastic Demand Curve for Stocks
By Jinliang Li; Tsinghua University Li Liao; Tsinghua University Hongbo Shen; Fudan University
   Presented by: Jinliang Li, Tsinghua University
 

Trading Volume, Returns and Option Expiration Date
By Chin-Han Chiang Columbia University
   Presented by: CHIN-HAN CHIANG, Columbia University

Session 84: Growth and Development

Session Organizer: Tomoyuki Nakajima, Kyoto University
Session Chair: Yong Wang, University of Chicago
Session type: contributed
Date: August 4, 2009
Time: 11:50 - 13:10
Location: L1
 

Knowledge Diffusion and the Japanese Growth Miracle
JEL codes: E1, O4, O53
By Atsushi Oshima; University of Iowa
   Presented by: Atsushi Oshima, University of Iowa
 

Technology Assimilation and Growth
By Tsz-Nga Wong, Department of Economics, Washington University at St. Louis, USA; Chong K. Yip, Department of Economics, The Chinese University of Hong Kong, Hong Kong
   Presented by: Chong K. Yip, Chinese University of Hong Kong
 

Endogenous Inequality of Nations through Fianacial Asset market Integration
By Volker Boehm; Bielefeld University George Vachadze; Bielefeld University
   Presented by: Volker Bohm,
 

Institutional Barrier, Learning Externality and Catching Up
By Yong Wang University of Chicago and Hong Kong University of Science and Technology
   Presented by: Yong Wang, University of Chicago

Session 85: Applied Time Series

Session Organizer: Joon Park, Texas A&M University
Session Chair: Giovanni Urga, Cass Business School
Session type: contributed
Date: August 4, 2009
Time: 11:50 - 13:10
Location: S12
 

Forecasting Time-varying Densities of In ation Rates: A Functional Autoregressive Approach
JEL codes: C14, C53, E31.
By Kausik Chaudhuri, Leeds University Business School; Minjoo Kim, Leeds University Business School;
   Presented by: Yongcheol Shin,
 

A Panel Data Stochastic Frontier Model with Autocorrelated Inefficiency
By Debdas Bandyopadhyay and Arabinda Das Department of Statistics University of Kalyani Kalyani-741 235 West Bengal India Ara
   Presented by: Debdas Bandyopadhyay, University of Kalyani
 

True vs. Spurious Long Memory: A Monte Carlo Study with an Application to Credit Data
By Giovanni Urga, Cass Business School, London (UK) and Bergamo University (Italy) Arturo Leccadito, Universita' della Calabria (Italy)
   Presented by: Giovanni Urga, Cass Business School

Session 86: Game Theory II

Session Organizer: Akihiko Matsui, University of Tokyo
Session Chair: Satoru Takahashi, Princeton University
Session type: contributed
Date: August 4, 2009
Time: 11:50 - 13:10
Location: L8
 

Downsian model with asymmetric information: Possibility of policy divergence
By Kazuya Kikuchi; Graduate School of Economics, Hitotsubashi University
   Presented by: Kazuya Kikuchi, Hitotsubashi University
 

Fishy Gifts: Bribing with Shame and Guilt
[slides]
By David Ong; University of California, Davis
   Presented by: David Ong, University of California, Davis
 

Interdependent Preferences and Strategic Distinguishability
By Stephen Morris; Princeton University Satoru Takahashi; Princeton University
   Presented by: Satoru Takahashi, Princeton University

Session 87: Financial Contract

Session Organizer: Noriyuki Yanagawa, University of Tokyo
Session Chair: Celine Rochon, University of Oxford
Session type: contributed
Date: August 4, 2009
Time: 11:50 - 13:10
Location: L9
 

From search to match: when loan contracts are too long
JEL codes: D82, D83, G21
By Christophe Chamley; Boston University Celine Rochon; University of Oxford
   Presented by: Celine Rochon, University of Oxford
 

Asymmetric Information, Delay Costs and Choice of Workout under Financial Distress
By Sanjay Banerji Reader, Essex Business School University of Essex, Wivenhoe Park Colchester, CO4 3SQ, United Kingdom; Pinaki Bose Department of Economics Fogelman College of Business and Economics University of Memphis Memphis, TN 38152
   Presented by: Sanjay Banerji,
 

Enforceability of Trade Credit Contracts, its Externality and Cash Demand: A Case of China
By Mariko Watanabe; Institute of Developing Economies Noriyuki Yanagawa; University of Tokyo Seiro Itoh; Institute of Developing Economies
   Presented by: Mariko Watanabe, Institute of Developing Economies
 

Modeling Deposit Outflow in Financial Crises: Application to Branch Management and Customer Relationship Management
By Katsutoshi Yada;RISS, Kansai University Takashi Washio;ISIR,Osaka University, Yasuharu Ukai;RISS, Kansai University
   Presented by: Yasuharu Ukai, Kansai University

Session 88: Mechanism Design

Session Organizer: Shigehiro Serizawa, Osaka University
Session Chair: Takashi Kunimoto, McGill University
Session type: contributed
Date: August 4, 2009
Time: 11:50 - 13:10
Location: S7
 

On Efficient Partnership Dissolution under Ex Post Individual Rationality
JEL codes: D02, D40, D44,
By Stefano Galavotti; Department of Decision Mathematics, University of Florence Nozomu Muto; Graduate School of Economics, Hitotsubashi University Daisuke Oyama; Graduate School of Economics, Hitotsubashi University, and Paris School of Economics
   Presented by: Nozomu Muto, Hitotsubashi University
 

Robust Virtual Implementation with Incomplete Information: Towards a Reinterpretation of the Wilson Doctrine
By Georgy Artemov, Department of Economics, the University of Melbourne, Australia Takashi Kunimoto, Department of Economics, McGill University and CIREQ, Montreal, Quebec, Canada Roberto Serrano, Department of Economics, Brown University, Providence, RI, U.S.A. and IMDEA-Social Sciences, Madrid, Spain
   Presented by: Takashi Kunimoto, McGill University
 

Strategic Behavior in Matching Markets
By Peter Coles; Harvard Business School
   Presented by: Peter Coles, Harvard Business School
 

Implementation of the Core in Two-Sided Matching with Substitutable Contracts
By Masahiro Watabe; Washington University in St. Louis, Department of Economics
   Presented by: Masahiro Watabe, Washington University in St. Louis

Session 89: Political Economy of Development

Session Organizer: Yasuyuki Sawada, University of Tokyo
Session Chair: Nicolas Depetris Chauvin, OxCarre, University of Oxford
Session type: contributed
Date: August 4, 2009
Time: 11:50 - 13:10
Location: L7
 

Do gender quotas influence women's representation and policies?
By Li-Ju Chen; Stockholm University
   Presented by: Li-Ju Chen, Feng Chia University
 

DOES DEMOCRACY EXPLAIN GENDER DIFFERENTIALS IN EDUCATION?
[slides]
By Arusha Cooray; University of Wollongong
   Presented by: Arusha Cooray, University of Wollongong
 

The Effects of Conflict on the Structure of the Economy
[slides]
By Nicolas Depetris Chauvin; Dubai School of Government
   Presented by: Nicolas Depetris Chauvin, OxCarre, University of Oxford

Session 90: Regulation and Antitrust Issues

Session Organizer: Hiroshi Ohashi, University of Tokyo
Session Chair: Wenzhang Zhang, Shanghai University of Finance and Economics
Session type: contributed
Date: August 4, 2009
Time: 11:50 - 13:10
Location: S9
 

Complete Foreclosure with Multiple Vertically Integrated Firms
[slides]
JEL codes: L13, L24, L42
By Johan Hombert; CREST-ENSAE Jerome Pouyet; Paris School of Economics and Ecole Polytechnique Nicolas Schutz; Ecole Polytechnique and Paris School of Economics
   Presented by: Nicolas Schutz, Ecole Polytechnique
 

Residual Claimancy and Monitoring for Regulating Multiple Agents
By Shigemi Oba;Graduate School of Economics Nihon University Shinji Kobayashi;Graduate School of Economics Nihon University
   Presented by: Shigemi Oba, Nihon University
 

Buy-backs, Price Wars, and Collusion Enforcement
By Jimmy Chan; Shanghai University of Finance and Economics Wenzhang Zhang; Shanghai University of Finance and Economics
   Presented by: Wenzhang Zhang, Shanghai University of Finance and Economics

Session 91: Semi and Nonparametric Methods II

Session Organizer: Xiaohong Chen, Yale University
Session Chair: Martin Burda, University of Toronto
Session type: contributed
Date: August 4, 2009
Time: 11:50 - 13:10
Location: L3
 

Nonstandard Estimation of Inverse Conditional Density-Weighted Expectations
JEL codes: C14, C21, C24
By Chuan Goh; University of Toronto
   Presented by: Chuan Goh, University of Toronto
 

Nonparametric Least Squares Estimation in Derivative Families
[slides]
By Peter Hall; University of Melbourne Adonis Yatchew; University of Toronto
   Presented by: Adonis Yatchew, UNIVERSITY OF TORONTO
 

Empirical Likelihood for Regression Discontinuity Design
By Taisuke Otsu; Yale University Ke-Li Xu ; University of Alberta School of Business
   Presented by: Ke-Li Xu, University of Alberta School of Business
 

Understanding Choice Intensity: A Poisson Mixture Model with Logit-based Random Utility Selective Mixing
By Martin Burda; University of Toronto Matthew Harding; Stanford University Jerry Hausman; MIT
   Presented by: Martin Burda, University of Toronto

Session 92: Panel Data and Spatial Models II

Session Organizer: Xiaohong Chen, Yale University
Session Chair: Kentaro Akashi, The Institute of Statistical Mathmatics
Session type: contributed
Date: August 4, 2009
Time: 11:50 - 13:10
Location: S10
 

INSTRUMENTAL VARIABLE AND GMM ESTIMATION FOR PANEL DATA WITH MEASUREMENT ERROR
JEL codes: C13, C14, C23
By Zhiguo Xiao; Fudan University Jun Shao; University of Wisconsin-Madison Mari Palta; University of Wisconsin-Madison
   Presented by: Zhiguo Xiao, Fudan University
 

Sensitivity of GLS Estimators in Random Effects Models
[slides]
By A. Vasnev; University of Sydney
   Presented by: Andrey L. Vasnev, University of Sydney
 

t-Test in Dynamic Panel Structural Equations
By Kentaro Akashi; The Institute of Statistical Mathematics, Risk Analysis Research Center
   Presented by: Kentaro Akashi, The Institute of Statistical Mathmatics

Session 93: Capital Accumulation and Economic Growth

Session Organizer: Shinichi Fukuda,
Session Chair: Ebrahim Rahbari, London Business School
Session type: contributed
Date: August 4, 2009
Time: 11:50 - 13:10
Location: C2
 

Foreign Direct Investment and Foreign Portfolio Investment under Asymmetric Information
By Ruanjai Suwantaradon; Singapore Management University
   Presented by: Ruanjai Suwantaradon, Singapore Management University

Session 94: Price Determination in Open Economy

Session Organizer: Shinichi Fukuda,
Session Chair: Etsuro Shioji, Hitotsubashi University
Session type: contributed
Date: August 4, 2009
Time: 11:50 - 13:10
Location: F
 

Understanding Law of One Price Deviations: Local Distribution Services and Price Discrimination
By Chikako Baba; University of Wisconsin-Madison
   Presented by: Chikako Baba, University of Wisconsin - Madison
 

Shocks and Incomplete Exchange Rate Pass-through in Japan:Evidence from an Open Economy DSGE Model
By Etsuro Shioji; Hitotsubashi University Vu Tuan Khai; Seikei University Hiroko Takeuchi; Graduate student, Yokohama National University
   Presented by: Etsuro Shioji, Hitotsubashi University
 

Market share and exchange rate pass-through: Competition among Exporters of same nationality
By Yushi Yoshida; Kyushu Sangyo University
   Presented by: Yushi Yoshida, Kyushu Sangyo University

Session 95: Semi and Nonparametric Methods III

Session Organizer: Yuichi Kitamura, Yale University
Session Chair: Mehmet Caner, North Carolina State University
Session type: contributed
Date: August 4, 2009
Time: 11:50 - 13:10
Location: S203
 

An Alternative Way of Computing Efficient Instrumental Variable
[slides]
JEL codes: C12,;C13;C14
By Xiaohong Chen; Yale University David T. Jacho-Chavez; Indiana University Oliver B. Linton; London School of Economics
   Presented by: David Jacho-Chavez, Indiana University
 

Nonparametric Identification and Estimation of Multivariate Mixtures
By Hiroyuki Kasahara; University of British Columbia and University of Western Ontario Katsumi Shimotsu; Hitotsubashi University and Queen's University
   Presented by: Hiroyuki Kasahara, University of Western Ontario
 

Adaptive Elastic Net GMM estimator: Model Selection and Estimation with Diverging Number of Parameters
[slides]
By Mehmet Caner: Department of Economics, North Carolina State University Helen Zhang: Department of Statistics, North Carolina State University
   Presented by: Mehmet Caner, North Carolina State University

Session 96: Education and Human Capital I

Session Organizer: Siu Fai Leung, Hong Kong University of Science and Technology
Session Chair: Masaru Sasaki, Osaka University
Session type: contributed
Date: August 4, 2009
Time: 11:50 - 13:10
Location: L4
 

The Effect of Private Tutoring Expenditures on Academic Performance of Middle School Students: Evidence from the Korea Education Longitudinal Study
[slides]
JEL codes: I20, C30
By Deockhyun Ryu; Chung-Ang University Changhui Kang; Chung-Ang University
   Presented by: Changhui Kang, Chung-Ang University
 

Parental Job Loss, Income Shocks and the Education Enrolment of Youth
[slides]
By Michael Coelli; University of Melbourne
   Presented by: Michael Coelli, The University of Melbourne
 

Productivity and Job Training: Evidence from Japanese Automobile Makers
By Kenn Ariga; Kyoto University Masako Kurosawa; GRIPS Fumio Ohtake; Osaka University Masaru Sasaki; Osaka University
   Presented by: Masaru Sasaki, Osaka University
 

Keeping up with the Joneses in McMansions: Changes in Wealth Inequality between College and High-School Graduates
[slides]
By Takashi Yamashita
   Presented by: Takashi Yamashita, Nova Southeastern University

Session 97: Empirical Analysis on R & D Activities

Session Organizer: Hiroshi Ohashi, University of Tokyo
Session Chair: Jong-Rong Chen, National Central University, Taiwan
Session type: contributed
Date: August 4, 2009
Time: 11:50 - 13:10
Location: L6
 

R&D Resources Allocation and Productivity Growth in the OECD Manufacturing Industries
JEL codes: O30,O40,O57,L60
By Jong-Rong Chen, Graduate Institute of Industrial Economics, National Central University, Taiwan; Yun-Peng Chu, Department of Economics, National Central University, Taiwan; Yi-Pey Ou, Graduate Institute of Industrial Economics, National Central University, Taiwan.
   Presented by: Jong-Rong Chen, National Central University, Taiwan
 

Innovation, Clustering, and Knowledge Spillovers: An Empirical Study of Swedish and Finnish Firms
By Yih-Luan Chyi;Department of Economics, National Tsing Hua University, Hsinchu, Taiwan, ROC Kuei-Yen Liao;Department of Economics, National Tsing Hua University, Hsinchu, Taiwan, ROC
   Presented by: KUEI-YEN LIAO, TSING HUA UNIVERSITY
 

DIFFERENCES IN R&D COMPOSITION ACROSS US AND JAPANESE FIRMS: AN EXPLANATION
By Souresh Saha; Brunel University
   Presented by: Souresh Saha, Brunel University

Session 98: Game Theory V

Session Organizer: Akihiko Matsui, University of Tokyo
Session Chair: Yukihiko Funaki, Waseda University
Session type: contributed
Date: August 4, 2009
Time: 11:50 - 13:10
Location: S8
 

A Concession Game with Non-Transferable Utility and Risk of Disagreement
JEL codes: C72 C78
By Helena Hey-Young Kim; Department of Economics, Korea University, Anam-dong, Seongbuk-gu, Seoul, Korea Frans Spinnewyn; Department of Economics, K.U.Leuven, Naamsestraat 69, B-3000 Leuven, Belgium Luc Lauwers;Department of Economics, K.U.Leuven, Naamsestraat 69, B-3000 Leuven, Belgium
   Presented by: Hye-Young Helena Kim, Korea University
 

A coalition formation value for games in partition function form
By Yukihiko Funaki;Waseda University Michel Grabisch;University of Paris I
   Presented by: Yukihiko Funaki, Waseda University

Session 99: Local Public Finance

Session Organizer: Toshihiro Ihori, University of Tokyo
Session Chair: Toshihiro Ihori, University of Tokyo
Session type: contributed
Session JEL code: H7
Date: August 4, 2009
Time: 14:30 - 15:50
Location: C1
 

Political Mergers as Coalition Formation: Evidence from Japanese Municipal Amalgamations
[slides]
JEL codes: C71, H77
By Eric Weese; Hitotsubashi University
   Presented by: Eric Weese, Massachusetts Institute of Technology
 

The Role of Local Governments’ Efficiency in Decentralized Public Service Delivery: Evidence from a Randomized Intervention in Rural Russia
By Diether W. Beuermann; University of Maryland at College Park
   Presented by: Diether Beuermann, University of Maryland - College Park
 

A New Approach to Estimating Tax Interactions in Fiscal Federalism
By Kazuko Miyamoto; Queen's University
   Presented by: Kazuko Miyamoto, Queen's University

Session 100: Macroeconometrics III

Session Organizer: Masao Ogaki, Oho State University
Session Chair: Jae Ho Yoon, POSCO Research Institute
Session type: contributed
Session JEL code: E00
Date: August 4, 2009
Time: 14:30 - 15:50
Location: L2
 

Relationship between Inflation and Relative Price Variability: Revisited
JEL codes: E30,E31,E52
By C.Y. Choi; University of Texas at Arlington
   Presented by: Chi-Young Choi, University of Texas at Arlington
 

Menu Costs and Estimated Thresholds in the Response of Output to Monetary Policy: Do Smaller Changes in Policy Have Larger Effects?
By Luiggi Donayre; Washington University in St. Louis
   Presented by: Luiggi Donayre, Washington University in St. Louis
 

Simultaneous Equations in the Markov-Switching Model
By Jae Ho Yoon; POSCO Research Institute
   Presented by: Jae Ho Yoon, POSCO Research Institute
 

The Evolution of Loan Rate Stickiness Across the Euro Area
By Jouchi Nakajima; IMES, Bank of Japan Yuki Teranishi; IMES, Bank of Japan
   Presented by: Yuki Teranishi, Columbia University

Session 101: Search Theory

Session Organizer: Tomoyuki Nakajima, Kyoto University
Session Chair: Keiichiro Kobayashi, RIETI
Session type: contributed
Date: August 4, 2009
Time: 14:30 - 15:50
Location: L1
 

A Monetary Model of Banking Crises
[slides]
JEL codes: E42, E51, G01
By Keiichiro Kobayashi; Research Institute of Economy, Trade, and Industry
   Presented by: Keiichiro Kobayashi, RIETI
 

Collateral Fluctuations in a Monetary Economy
By Leo Ferraris Universidad Carlos III de Madrid Makoto Watanabe Universidad Carlos III de Madrid
   Presented by: Makoto Watanabe, University Carlos III de Madrid
 

Repeated Moral Hazard with Worker Mobility via Directed On-the-Job Search
By Kunio Tsuyuhara, University of Toronto
   Presented by: Kunio Tsuyuhara, University of Toronto
 

Production Theory with Friction: Foundation of an Optimal Non-market-clearing Economy
[slides]
By Koji Yokota; Otaru University of Commerce
   Presented by: Koji Yokota, Otaru University of Commerce

Session 102: Impulses and Propagation

Session Organizer: Toni Braun,
Session Chair: Michio Suzuki, Bank of Japan
Session type: contributed
Date: August 4, 2009
Time: 14:30 - 15:50
Location: C2
 

Labour Shares and the Role of Capital and Labour Market Imperfections
JEL codes: C78, E25, J64
By Lena Suchanek; Bank of Canada
   Presented by: Lena Suchanek, Bank of Canada
 

On the Role of Policy Interventions in Structural Change and Economic Development: The Case of Postwar Japan
By Julen Esteban-Pretel, University of Tokyo Yasuyuki Sawada, University of Tokyo
   Presented by: Yasuyuki Sawada, University of Tokyo
 

Financial Factors and Labor Market Fluctuations
By Yahong Zhang; Bank of Canada
   Presented by: Yahong Zhang, Bank of Canada
 

Consumption Smoothing without Secondary Markets for Small Durable Goods
By Michio Suzuki; Institute for Monetary and Economic Studies, Bank of Japan
   Presented by: Michio Suzuki, Bank of Japan

Session 103: Modelling Financial Time Series

Session Organizer: Joon Park, Texas A&M University
Session Chair: Chor-Yiu Sin, Xiamen University
Session type: contributed
Date: August 4, 2009
Time: 14:30 - 15:50
Location: S12
 

Modelling Multivariate Interest Rates using Copulas and Reducible Stochastic Differential Equations
JEL codes: C13; C32; G12
By RuijunBu; University of Liverpool Ludovic Giet; GREQUAM Marseille Kaddour Hadri; Queen's University Belfast Michel Lubrano; GREQUAM and CNRS Marseille
   Presented by: Kaddour Hadri, Queen's University Belfast
 

Asymmetric CAPM Dependence for Large Dimensions: The Canonical Vine Autoregressive Copula Model
By Andréas Heinen; Universidad Carlos III de Madrid - Department of Statistics and Econometrics. Alfonso Valdesogo Robles; Catholic University of Louvain - Center for Operations Research and Econometrics (CORE).
   Presented by: Alfonso Valdesogo Robles, Universite catholique de Louvain
 

Modeling International Financial Returns with a Multivariate Regime Switching Copula
By Loran Chollete; NHH, Bergen Andreas Heinen; Universidad Carlos III Alfonso Valdesogo; CORE, UCL
   Presented by: andreas heinen, Universidad Carlos III
 

Modelling time-varying correlation with a parsimonious vector LARCH
By Chor-yiu (CY) SIN, Wang Yanan Institute for Studies in Economics, Xiamen University
   Presented by: Chor-Yiu Sin, Xiamen University

Session 104: Repeated Games II

Session Organizer: Akihiko Matsui, University of Tokyo
Session Chair: Ichiro Obara, UCLA
Session type: contributed
Date: August 4, 2009
Time: 14:30 - 15:50
Location: S8
 

Generic Characterization of the Set of Belief-Free Review-Strategy Equilibrium Payoffs
By Takuo Sugaya; Princeton University
   Presented by: Takuo Sugaya, Princeton University
 

Cooperation in Repeated Prisoner's Dilemma with Perturbed Payoffs
By Yosuke Yasuda; GRIPS Takako Fujiwara-Greve; Keio University
   Presented by: Yosuke Yasuda, GRIPS
 

Finite State Equilibria in Dynami Games
By Michihiro Kandori; University of Tokyo Ichiro Obara; UCLA
   Presented by: Ichiro Obara, UCLA

Session 105: Auction II

Session Organizer: Akihiko Matsui, University of Tokyo
Session Chair: Kiho Yoon, Korea University
Session type: contributed
Date: August 4, 2009
Time: 14:30 - 15:50
Location: L8
 

On the strategic use of quality scores in keyword auctions: Full extraction of advertisers' surplus
[slides]
JEL codes: D44; M37
By Kiho Yoon; Korea University
   Presented by: Kiho Yoon, Korea University
 

An Ascending Multi-Item Auction with Financially Constrained Bidders
By Gerard van der Laan, Vrije Universiteit, Amsterdam, The Netherlands. Zaifu Yang, Yokohama National University, Yokohama, Japan.
   Presented by: Zaifu Yang, Yokohama National University
 

Risk Aversion and Optimal Reserve Prices in First and Second-Price Auctions
[slides]
By Audrey Hu; University of Amsterdam/Tinbergen Institute Steven A. Matthews; University of Pannsylvania Liang Zou; University of Amsterdam Business School
   Presented by: Audrey Hu, Tinbergen Institute/University of Amsterdam

Session 106: Law and Economics

Session Organizer: Noriyuki Yanagawa, University of Tokyo
Session Chair: Sachiko Miyata, World Bank
Session type: contributed
Date: August 4, 2009
Time: 14:30 - 15:50
Location: L9
 

Technology Adoption and Fuzzy Patent Rights
JEL codes: K40, O33, O34
By CHIOU, Jing-Yuan; IMT Lucca
   Presented by: Jing-Yuan CHIOU, IMT Lucca
 

On optimality of secrecy and scarcity of idea
By Bonwoo Koo; University of Waterloo, Canada Brian D. Wright; University of California at Berkeley
   Presented by: Bonwoo Koo, University of Waterloo
 

Demand for Contract Farming and Nature of Market in Developing Economies- Case of Hog Industry in China -
By Sachiko MIYATA; World Bank, Washington D.C., U.S. Jimin WANG; Institute of Agricultural Economics, Chinese Academy of Agricultural Science Mariko WATANABE*; Institute of Developing Economies, JETRO, Chiba (contact author)
   Presented by: Sachiko Miyata, World Bank

Session 107: Social Choice I

Session Organizer: Shigehiro Serizawa, Osaka University
Session Chair: James Schummer, Northwestern University
Session type: contributed
Date: August 4, 2009
Time: 14:30 - 15:50
Location: S7
 

Tops-Only Domains
JEL codes: D71
By Shurojit Chatterji; School of Economics,Singapore Management University Arunava Sen; Planning Unit, Indian Statistical Institute
   Presented by: Shurojit Chatterji, Singapore Management University
 

Assignment of Arrival Slots
By James Schummer; MEDS Kellogg Northwestern Univ. Rakesh Vohra; MEDS Kellogg Northwestern Univ.
   Presented by: James Schummer, Northwestern University
 

On strategy-proof social choice under categorization
By Shin Sato; Fukuoka University
   Presented by: Shin Sato, Fukuoka University
 

A Characterization of the Uniform Rule with Several Goods and Agents
By Shuhei Morimoto; Osaka University Shigehiro Serizawa; Osaka University Stephen Ching; The University of Hong Kong
   Presented by: Shuhei Morimoto, Osaka University

Session 108: Empirical Analysis of Saving and Retirement

Session Organizer: Yasuyuki Sawada, University of Tokyo
Session Chair: Charles Horioka, Osaka University
Session type: contributed
Date: August 4, 2009
Time: 14:30 - 15:50
Location: L7
 

Does health status matter to people’s retirement decision in Japan?: An evaluation of “justification hypothesis” and measurement errors in subjective health
JEL codes: I19, J26
By Junya Hamaaki; Economic and Social Research Institute, Cabinet Office Haruko Noguchi; National Institute of Population and Social Security Research
   Presented by: Junya Hamaaki, Cabinet Office
 

Monetary transfers from children and the labour supply of elderly parents: theory and evidence from Vietnam
By Trong-Ha Nguyen; Crawford School of Economics and Government; Australian National University
   Presented by: Ha Nguyen, Australian National University
 

The Saving Behavior of the Aged in Japan
By Charles Yuji Horioka; Institute of Social and Economic Research, Osaka University, and National Bureau of Economic Research
   Presented by: Charles Horioka, Osaka University
 

Understanding the Decline in the Japanese Saving Rate in the New Millennium
By Tokuo Iwaisako; Ministry of Finance and Hitotsubashi University Keiko Okada; Hosei University
   Presented by: Tokuo Iwaisako, Ministry of Finance

Session 109: Theoretical Studies on International Trade

Session Organizer: Hiroshi Ohashi, University of Tokyo
Session Chair: Yoshinori Kurokawa, University of Tsukuba
Session type: contributed
Date: August 4, 2009
Time: 14:30 - 15:50
Location: L6
 

Variety Trade and Skill Premium in a Calibrated General Equilibrium Model: The Case of Mexico
JEL codes: F12, F16
By Manoj Atolia; Florida State University Yoshinori Kurokawa; SUNY at Buffalo
   Presented by: Yoshinori Kurokawa, University of Tsukuba
 

The Role of Quality Ladders in a Ricardian Model of Trade with Nonhomothetic Preferences
[slides]
By Esteban Jaimovich; Collegio Carlo Alberto Vincenzo Merella; City University London
   Presented by: Vincenzo Merella, City University London
 

A Proportional Theory with Heterogeneous Firms and Endogenous Elasticity
By Tsechien Hsu; National Taiwan University
   Presented by: Tsechien Hsu, National Taiwan University
 

Globalization and Labor Market Outcomes: Wage Bargaining, Search Frictions, and Firm Heterogeneity
By Gabriel Felbermayr; University of Hohenheim Julien Prat; University of Vienna and New York University Hans-Joerg Schmerer; University of Hohenheim and University of Tübingen
   Presented by: Hans-Jörg Schmerer, Universities of Hohenheim and Tübingen

Session 110: Theoretical Studies on R & D

Session Organizer: Hiroshi Ohashi, University of Tokyo
Session Chair: Illoong Kwon, State University of New York at Albany
Session type: contributed
Date: August 4, 2009
Time: 14:30 - 15:50
Location: S9
 

Investment in Technological Innovations with a Jump Process
JEL codes: D81; G31; O33
By Wen-Chung Guo; National Taipei University Chang-Chun Cheng; Ming-Chuan University Yijen Wang; National Kaohsiung First University of Science and Technology
   Presented by: Wen-Chung Guo, National Taipei University
 

How to Motivte Innovation: Prize or Subsidies
By Qiang Fu, Jingfeng Lu, National University of Singapore; Yuanzhu Lu, Central University of Finance and Economics, China
   Presented by: Qiang Fu, National University of Singapore
 

R&D Portfolios of Multiproduct Firms
By Lingnan University of Hong Kong
   Presented by: Ping Lin, Lingnan University

Session 111: Time Series

Session Organizer: Xiaohong Chen, Yale University
Session Chair: Li Hao, George Mason University
Session type: contributed
Date: August 4, 2009
Time: 14:30 - 15:50
Location: L3
 

Forecasting Using Supervised Factor Models
JEL codes: C5,E4,G1
By Tae-Hwy Lee; University of California, Riverside Yundong Tu; University of California, Riverside
   Presented by: Yundong Tu, University of California, Riverside
 

Asymptotic Theory for Maximum Likelihood Estimation in Stationary Fractional Gaussian Processes, Under Short-, Long- and Intermediate Memory
By Offer Lieberman; University of Haifa Roy Rosemarin; London School of Economics Judith Rousseau; CEREMADE, University Paris Dauphine
   Presented by: OFFER LIEBERMAN, University of Haifa
 

A Powerful Nonparametric k-Sample Trend Test
By Li Hao;Interdisciplinary Center for Economic Science, George Mason University. Daniel Houser; Interdisciplinary Center for Economic Science, George Mason University.
   Presented by: Li Hao, George Mason University
 

Determining the Rank of the Beta Matrix In a Factor Model with Factor-Candidate Regressors
By Seung C. Ahn; Arizona State University Alex Horenstein; Arizona State University Na Wang; Arizona State University
   Presented by: SEUNG Ahn, ARIZONA STATE UNIVERSITY

Session 112: Bound Analysis in Econometrics

Session Organizer: Xiaohong Chen, Yale University
Session Chair: Tsunao Okumura, Yokohama National University
Session type: contributed
Date: August 4, 2009
Time: 14:30 - 15:50
Location: S10
 

Concave-Monotone Treatment Response and Monotone Treatment Selection: With Returns to Schooling Application
JEL codes: C14, J24
By Tsunao Okumura; Yokohama National University Emiko Usui; Nagoya University
   Presented by: Tsunao Okumura, Yokohama National University
 

Inference for Subsets of Parameters in Partially Identified Models
By Kyoo il Kim; University of Minneosta
   Presented by: Kyoo il Kim, University of Minnesota
 

Optimal Robust Bound Analysis with Weak Instruments
By Jabonn Kim (Korea Institute of Finance); Kajal Lahiri (SUNY Albany)
   Presented by: jabonn kim, korea institute of finance
 

Bounding Endogenous Parameters with Generalized Instrumental Moment Inequalities
By Myoung-jae Lee*, Jin-young Choi, Hyunah Kim Department of Economics, Korea University
   Presented by: Jin-Young Choi, Korea Univ.

Session 113: Exchange Rate Regime

Session Organizer: Shinichi Fukuda,
Session Chair: Emanuel Kohlscheen, University of Warwick
Session type: contributed
Date: August 4, 2009
Time: 14:30 - 15:50
Location: F
 

Emerging Floaters: Pass-Throughs and (Some) New Commodity Currencies
JEL codes: F30, F31
By Emanuel Kohlscheen; University of Warwick
   Presented by: Emanuel Kohlscheen, University of Warwick
 

Choices of optimal policy instruments under the floating and the basket-peg regimes
[slides]
By Naoyuki Yoshino; Keio University Sahoko Kaji; Keio University Tamon Asonuma; Boston University
   Presented by: Tamon Asonuma, Boston University

Session 114: Theoretical Analysis in Labor

Session Organizer: Siu Fai Leung, Hong Kong University of Science and Technology
Session Chair: Bingyong Zheng, Shanghai Univ. of Finance and Economics
Session type: contributed
Date: August 4, 2009
Time: 14:30 - 15:50
Location: S203
 

Minimum Wages in a Unionised Economy
JEL codes: C78, J30, J51
By Marcus Dittrich; European Business School (EBS) Wiesbaden
   Presented by: Marcus Dittrich, European Business School (EBS) Wiesbaden
 

Employment Protection Legislation and Incentives under Wage Rigidity
By Kyota Eguchi; University of Tsukuba
   Presented by: Kyota Eguchi, University of Tsukuba
 

Cherry-picking in Labor Markets with Imperfect Information
By Shuaizhang Feng; Princeton and IZA Bingyong Zheng; Shanghai University of Finance and Economics
   Presented by: Bingyong Zheng, Shanghai Univ. of Finance and Economics

Session 115: Impact of Labor Market Reforms

Session Organizer: Siu Fai Leung, Hong Kong University of Science and Technology
Session Chair: Brian McCaig, Australian National University
Session type: contributed
Date: August 4, 2009
Time: 14:30 - 15:50
Location: L4
 

The Effects of Employment Protection on Labor Turnover: Empirical Evidence from Taiwan
By Kamhon Kan; Institute of Economics, Academia Sinica, Institute of Economics, Taiwan Yen-Ling Lin; Department of Economics, Tamkang University, Taiwan
   Presented by: Kamhon Kan, Academia Sinica
 

The Structure of the Temp Wage Gap in Slack Labor Markets
By Elke J. Jahn, Aarhus University, Denmark
   Presented by: Elke Jahn, Aarhus School of Business, University of Aarhus, IAB Nuremberg, IZA Bonn
 

Exporting out of poverty: Provincial poverty in Vietnam and U.S. market access
By Brian McCaig; School of Economics and Research School of Social Sciences, Australian National University
   Presented by: Brian McCaig, Australian National University

Session 116: Invited Lecture: Markus K. Brunnermeier: On the financial crisis

Session Organizer: ,
Session Chair: Kazuhiko Ohashi, Hitotsubashi University
Session type: invited
Date: August 4, 2009
Time: 16:5 - 17:05
Location: H

Session 117: Invited Lecture: Michihiro Kandori: Revision Games: Cooperation via the Revisions of Strategies

Session Organizer: ,
Session Chair: Satoru Takahashi, Princeton University
Session type: invited
Date: August 4, 2009
Time: 16:5 - 17:05
Location: L6

Session 118: Invited Lecture: Costas Meghir: Matching, Sorting and Wages

Session Organizer: ,
Session Chair: Charles Horioka, Osaka University
Session type: invited
Date: August 4, 2009
Time: 16:5 - 17:05
Location: F

Session 119: Presidential Address: Roger Myerson: Understanding the foundations of institutions: moral hazard in high office

Session Organizer: ,
Session Chair: Hitoshi Matsushima, University of Tokyo
Session type: invited
Date: August 4, 2009
Time: 17:20 - 18:20
Location: Y

Session 120: Macroeconometrics IV

Session Organizer: Masao Ogaki, Oho State University
Session Chair: Nicolas Groshenny, Reserve Bank of New Zealand
Session type: contributed
Session JEL code: E00
Date: August 5, 2009
Time: 9:00 - 10:20
Location: L2
 

R&D Intensity, ICT Investment and Industry Productivity Growth
JEL codes: O3, O4
By Theo S. Eicher Department of Economics, University of Washington Ifo Institute for Economic Research at the University of Munich Thomas Strobel Ifo Institute for Economic Research at the University of Munich Department of Economics, University of Munich
   Presented by: Thomas Strobel, Ifo Institute for Economic Research
 

Bayesian prior elicitation in DSGE models: macro vs micro priors
By Giulio Nicoletti; Banca d'Italia Marco J. Lombardi; European Central Bank
   Presented by: Marco Lombardi, European Central Bank
 

How Important are Financial Shocks for the Canadian Business Cycle
By Shin-Ichi Nishiyama; Bank of Canada
   Presented by: Shin-Ichi Nishiyama, Bank of Canada
 

Evaluating a monetary business cycle model with unemployment for the euro area
[slides]
By Nicolas Groshenny; Reserve Bank of New Zealand;
   Presented by: Nicolas Groshenny, Reserve Bank of New Zealand

Session 121: Financial economic theory II

Session Organizer: Makoto Saito, Hitotsubashi University
Session Chair: Zhiguo He, University of Chicago, GSB
Session type: contributed
Date: August 5, 2009
Time: 9:00 - 10:20
Location: L1
 

A Model of Capital and Crises
By Zhiguo He; University of Chicago Arvind Krishnamurthy; Northewestern University
   Presented by: Zhiguo He, University of Chicago, GSB
 

Liquidity, Asset Price and Banking
By Ying Syuan Li; National Taiwan University Yiting Li; National Taiwan University
   Presented by: Yiting Li, National Taiwan University
 

Default risk, equity returns and the value of limited liability protection
By Douglas Rolph;Department of Economics and Finance, City University of Hong Kong
   Presented by: Douglas Rolph, City University of Hong Kong
 

Financial Structure and Competition in the Banking Industry: Theory and Empirics
By Shirley J. Ho; Department of Economics/National Chengchi University, Taiwan Su-Chu Hsu; Auditing Office/Bank of Taiwan, and Department of Money and Banking/ National Chengchi University, Taiwan
   Presented by: Shirley Ho, National Chengchi University

Session 122: Overlapping generations models

Session Organizer: Tomoyuki Nakajima, Kyoto University
Session Chair: Masako Ikefuji, Osaka University
Session type: contributed
Date: August 5, 2009
Time: 9:00 - 9:20
Location: S204
 

Private Pensions, Retirement Wealth and Lifetime Earnings
[slides]
By Jie Zhou; Nanyang Technological University
   Presented by: Jie Zhou, Nanyang Technological University
 

Internal vs. External Habit Formation in a Growing Economy with Overlapping Generations
By Masako Ikefuji; Fondazione Eni Enrico Mattei, Kazuo Mino; Graduate School of Economics, Osaka University
   Presented by: Masako Ikefuji, Osaka University
 

The Taxation of Saving Returns Overlapping Generations Economies with Stochastic Asset Bubbles
By Julio Dávila; CORE, Univ. c. de Louvain - CES, Paris School of Economics
   Presented by: Julio Davila, Universite catholique de Louvain and CNRS

Session 123: Experimental Economics: Auction

Session Organizer: Tatsuyoshi Saijo, Osaka University
Session Chair: Sotirios Georganas, Ohio State University and University of
Session type: contributed
Date: August 5, 2009
Time: 9:00 - 10:20
Location: L9
 

An Efficient and Incentive Compatible Ascending Auction for Multiple Complements
JEL codes: D44
By Ning Sun, School of Economics, Shanghai University of Finance and Economics; Zaifu Yang, Faculty of Business Administration, Yokohama National University,
   Presented by: Ning Sun, Shanghai University of Finance and Economics
 

Auctions for Public Construction with Corner-cutting
By Kenju Akai; Japan Society for the Promotion of Science Tatsuyoshi Saijob; Institute of Social and Economic Research, Osaka University Shigehiro Serizawab; Institute of Social and Economic Research, Osaka University
   Presented by: Kenju Akai, Osaka University
 

Asymmetric Auctions with Resale: An Experimental
By Sotiris Georganas, Ohio State John Kagel, Ohio State
   Presented by: Sotirios Georganas, Ohio State University and University of
 

Experimental Results on Sponsored Search Auction: Comparison of GSP and VCG
By Emiko Fukuda;Department of Computer Science, National Defense Academy Yukihiko Funaki;Waseda University Yoshio Kamijo;Faculty of Political Science and Economics, Waseda University Michiharu Masui;Department of Social Engineering, Tokyo Institute of Technology Ai Takeuchi;Graduate School of Economics, Waseda University, JSPS Research Fellow (DC)
   Presented by: Ai Takeuchi, Graduate School of Waseda University

Session 124: Fiscal Policy

Session Organizer: Toshihiro Ihori, University of Tokyo
Session Chair: Günther REHME, Humboldt-Universität zu Berlin
Session type: contributed
Date: August 5, 2009
Time: 9:00 - 10:20
Location: C1
 

3-Step Analysis of Public Finances Sustainability: the Case of the European Union
JEL codes: C23, E62, H62
By António Afonso (European Central Bank and ISEG/TULisbon) Christophe Rault (LEO, University of Orléans, CESifo, IZA, and William Davidson Institute)
   Presented by: Christophe Rault, University of Orléans
 

Optimal Capital Income Taxation, Investment Subsidies and Redistribution in a Neoclassical Growth Model
By Humboldt University Berlin
   Presented by: Günther REHME, Humboldt-Universität zu Berlin

Session 125: Analysis of High Frequency Data

Session Organizer: Joon Park, Texas A&M University
Session Chair: Tao Yang, Singapore Management University
Session type: contributed
Date: August 5, 2009
Time: 9:00 - 10:20
Location: S12
 

Multivariate Two Scale Realized Kernels
JEL codes: C14, C22
By Shinsuk Ikeda; Department of Economics Boston University
   Presented by: Shinsuke Ikeda, Boston University
 

Estimation of High-Frequency Volatility: Autoregressive Conditional Duration Model versus Realized Volatility Methods
By Yiu-Kuen Tse; School of Economics, Singapore Management University Tao Yang; School of Economics, Singapore Management University
   Presented by: Tao Yang, Singapore Management University
 

Stochastic Volatility and Jumps: Exponentially Affine Yes or No? An Empirical Analysis of S&P500 Dynamics
[slides]
By Katja Ignatieva; Goethe University Frankfurt Paulo J. M. Rodrigues; Goethe University Frankfurt Norman Seeger; Goethe University Frankfurt
   Presented by: Katja Ignatieva, Goethe University Frankfurt

Session 126: Information and Asset Price Volatility

Session Organizer: Takeo Hoshi, University of California, San Diego
Session Chair: Kimie Harada, Chuo University
Session type: contributed
Date: August 5, 2009
Time: 9:00 - 10:20
Location: C2
 

Informed Trading and Divergence of Opinion– Evidence from the U.S. Treasury Market
JEL codes: G14
By George Jiang; University of Arizona Ingrid Lo; Bank of Canada
   Presented by: Ingrid Lo, Bank of Canada
 

Impacts of News Announcements on Order Flow and Price Discovery in the Foreign Exchange Market
By Yu-Lun Chen; National Chi Nan University Yin-Feng Gau; National Central University
   Presented by: Yin-Feng Gau, National Central University
 

News Effects on High Frequency Yen/Dollar Exchange Rates and its Volatility Behavior
By Kimie Harada;Chuo University Toshiaki Watanabe;Hitotsubashi University
   Presented by: Kimie Harada, Chuo University

Session 127: Game Theory III

Session Organizer: Akihiko Matsui, University of Tokyo
Session Chair: Akira Okada, HITOTSUBASHI UNIVERSITY
Session type: contributed
Date: August 5, 2009
Time: 9:00 - 10:20
Location: L8
 

Coalition-proof Equilibria in a Voluntary Participation Game
JEL codes: C72;H41
By Ryusuke Shinohara; Faculty of Economics, Shinshu University
   Presented by: Ryusuke Shinohara, Shinshu University
 

Coalitional Bargaining Games with Random Proposers: Theory and Application
By Akira Okada; Hitotsubashi University
   Presented by: Akira Okada, HITOTSUBASHI UNIVERSITY
 

Observability and Endogenous Organizations
By Gabriel A. Madeira Weerachart T. Kilenthong
   Presented by: Gabriel Madeira, University of Sao Paulo

Session 128: Program Evaluation

Session Organizer: Yasuyuki Sawada, University of Tokyo
Session Chair: Hideo Akabayashi, Keio University
Session type: contributed
Date: August 5, 2009
Time: 9:00 - 10:20
Location: L7
 

The impact of Water Supply and Sanitation interventions on child health: evidence from DHS surveys
JEL codes: I1, D1, C35
By Ron Bose
   Presented by: Ron Bose, International Initiative for Impact Evaluation (3ie)
 

Prohibiting Sex or Prohibiting True Love? An Empirical Assessment of Effect of Statutory Rape Law on Teenage Marriage in Japan
By Hideo Akabayashi; Keio University Akihito Toda; Recruit Works Institute
   Presented by: Hideo Akabayashi, Keio University
 

Effects of Early Reemployment Bonus Program on Unemployment under Partial Program Awareness
By Hyun Ah Kim; Korea Development Institute Yong-Seong Kim; Korea Development Institute Jin-Young Choi; Korea University Myoung-jae Lee; Korea University
   Presented by: Myoung-jae Lee, Department of Economics
 

The impacts of the new tsunami on the Egyptian households welfare
By Racha Ramadan; Toulouse School of Economics-LERNA Alban Thomas; Toulouse School of Economics-LERNA and INRA
   Presented by: Racha RAMADAN, Toulouse School of Econonics

Session 129: Structural Dynamic Estimation

Session Organizer: Hiroshi Ohashi, University of Tokyo
Session Chair: Minjung Park, University of Minnesota
Session type: contributed
Date: August 5, 2009
Time: 9:00 - 10:20
Location: S9
 

A Dynamic Stochastic Analysis of International Patent Application and Renewal Processes
JEL codes: O34
By Yi Deng; Department of Economics, University of South Florida
   Presented by: Yi Deng, Southern Methodist University
 

Advertising and Market Share Dynamics
By Minjung Park; University of Minnesota
   Presented by: Minjung Park, University of Minnesota
 

Assessing the Consequence of Horizontal Merger and its Remedies in a Dynamic Environment
By Satoshi Myojo; National Institute of Science and Technology Policy Hiroshi Ohashi; University of Tokyo
   Presented by: Satoshi Myojo, National Institute of Science and Technology Policy

Session 130: Multi-Sided Market and Networks

Session Organizer: Hiroshi Ohashi, University of Tokyo
Session Chair: Hiroshi Ohashi, University of Tokyo
Session type: contributed
Date: August 5, 2009
Time: 9:00 - 10:20
Location: L6
 

A Frictional Matching Model of Two-Sided Platforms
JEL codes: D4, D8, L1
By Kong-Pin Chen; Academia Sinica Yenchi Huang; National Central University
   Presented by: Kong-Pin Chen,
 

Cournot Competition on a Network of Markets and Firms
By Rahmi Ilkilic, Maastricht University
   Presented by: Rahmi Ilkilic, Unıversiteit Maastricht
 

Partner or Rival: Entry deterrence in two-sided markets
[slides]
By Pak Yee Lee; Univeristy of Leicester
   Presented by: Pak Yee Lee, University of Leicester

Session 131: Consumer Behavior and Durable Goods

Session Organizer: Hiroshi Ohashi, University of Tokyo
Session Chair: Evangelos Rouskas, Athens Univ. of Economics & Business
Session type: contributed
Date: August 5, 2009
Time: 9:00 - 10:20
Location: S8
 

Efficient Consumer Altruism and Fair Trade Products
JEL codes: D11, D64, D86
By David Reinstein; University of Essex Joon Song; University of Essex
   Presented by: Joon Song, University of Essex
 

The Benefit Function Approach to Modeling Price-Dependent Demand Systems: An Application of Duality Theory
By Keith McLaren is professor of econometrics, Department of Econometrics and Business Statistics, Monash University, Clayton, Australia. K. K. Gary Wong is associate professor, Department of Economics, The University of Macau, Macau SAR, China.
   Presented by: Gary Wong, U of Macau
 

Inefficient durable-goods monopolies
By Joao Montez; London Business School
   Presented by: Joao Montez, London Bussiness School
 

Efficient Delay in Decision Making
By Evangelos Rouskas; Athens University of Economics and Business
   Presented by: Evangelos Rouskas, Athens Univ. of Economics & Business

Session 132: GMM Estimation and Inference under Non-standard Conditions

Session Organizer: Xiaohong Chen, Yale University
Session Chair: rachida Ouysse, Australian School of Business
Session type: contributed
Date: August 5, 2009
Time: 9:00 - 10:20
Location: S10
 

GMM-based inference in the AR(1) panel data model for parameter values where local identification fails
By Edith Madsen; University of Copenhagen
   Presented by: Edith Madsen, Department of Economics
 

Testing for Identification in GMM under Conditional Moment Restrictions
By Francesco Bravo; University of York Juan Carlos Escanciano; Indiana University Taisuke Otsu; Yale University
   Presented by: Juan Carlos Escanciano, Indiana University
 

Fast Iterated Bootstrap for Bias Correction
By Rachida Ouysse; University of New South Wales
   Presented by: rachida Ouysse, Australian School of Business

Session 133: Macro Dynamics

Session Organizer: Shinichi Fukuda,
Session Chair: Kazuo Mino, Kyoto University
Session type: contributed
Date: August 5, 2009
Time: 9:00 - 10:20
Location: F
 

The Dynamic Welfare Comparison of seignorage Tax and Consumption Tax
[slides]
By Been-Lon Chen; Institute of Economics, Academia Sinica Mei Hsu; Department of Economics, National Taipei University Chia-Hui Lu; Department of Economics, National Taipei University
   Presented by: Chia-Hui Lu, National Taipei University
 

The Value of Uncertainty under Limited Commitment
By Junichi Fujimoto; University of Tokyo
   Presented by: Junichi Fujimoto, University of Tokyo
 

Fincancial Integration and Aggregate Stability
By Yunfang Hu; Graduate School of International Cultural Studies, Tohoku University Kazuo Mino; Kyoto Institute for Economic Reseach, Kyoto University
   Presented by: Kazuo Mino, Kyoto University
 

Staggered Labour Contracts and Monetary Policy
By Robert Amano; Bank of Canada Stephen Murchison; bank of Canada Malik Shukayev; Bank of Canada
   Presented by: Malik Shukayev, Bank of Canada

Session 134: Estimation of Game Theoretic Models

Session Organizer: Yuichi Kitamura, Yale University
Session Chair: Shiko Maruyama, University of New South Wales
Session type: contributed
Date: August 5, 2009
Time: 9:00 - 10:20
Location: L3
 

Identifying Dynamic Games with Serially-Correlated Unobservables
JEL codes: C14
By Yingyao Hu; Johns Hopkins University; Matthew Shum; Caltech
   Presented by: Yingyao Hu, Johns Hopkins University
 

Estimation of Bayesian Nash Equilibria In Two-player Games With Correlated Private Signals
By Haiqing Xu; Economics Department, The Pennsylvania State University.
   Presented by: Haiqing Xu, the Pennsylvania State University
 

Estimating Sequential-Move Games by a Recursive Conditioning Simulator
By Shiko Maruyama; University of New South Wales
   Presented by: Shiko Maruyama, University of New South Wales

Session 135: Family

Session Organizer: Siu Fai Leung, Hong Kong University of Science and Technology
Session Chair: Ayako Kondo, Columbia University
Session type: contributed
Date: August 5, 2009
Time: 9:00 - 10:20
Location: S203
 

Female Labor Market Conditions and Family Formation
[slides]
JEL codes: J1
By Ayako Kondo; Osaka University
   Presented by: Ayako Kondo, Columbia University
 

The Role of Labor Market Participation on Marriage Bargaining – Identification through Intergenerational Transfers
By Jie Pan; University of Arkansas at Little Rock
   Presented by: Jie Pan, University of Arkansas at Little Rock
 

Relationship between Consumption, Labor Supply and Fertility - Evidence from Japan
By Reiko Aoki; Hitotsubashi University Yoko Konishi; RIETI
   Presented by: Reiko Aoki, Hitotsubashi University

Session 136: Contract Theory III

Session Organizer: Hideshi Itoh, HITOTSUBASHI UNIVERSITY
Session Chair: Munetomo Ando, Nihon University
Session type: contributed
Date: August 5, 2009
Time: 9:00 - 10:20
Location: S7
 

Commission Sharing and Search Agents
By Zhiyun (Frances) Xu; Cornerstone Research
   Presented by: Frances Xu, Cornerstone Research
 

Reputation Management and Seniority Systems in Firms
By Munetomo Ando; Nihon University
   Presented by: Munetomo Ando, Nihon University
 

Unforeseen Contingencies, Incentives and Economic Power
[slides]
By Sripad Motiram; Indira Gandhi Institute of Development Research, Mumbai
   Presented by: Sripad Motiram, Indira Gandhi Institute of Development Research

Session 137: Invited Lecture: Yuliy Sannikov: Continuous-time repeated games and agency models

Session Organizer: ,
Session Chair: Tadashi Sekiguchi, Kyoto University
Session type: invited
Date: August 5, 2009
Time: 10:35 - 11:35
Location: L1

Session 138: Invited Lecture: Ali Hortacsu: Empirical Analysis of Multi-Unit Auction Markets

Session Organizer: ,
Session Chair: Hiroshi Ohashi, University of Tokyo
Session type: invited
Date: August 5, 2009
Time: 10:35 - 11:35
Location: F

Session 139: Invited Lecture: Nobuhiro Kiyotaki: Liquidity, Business Cycles and Monetary Policy

Session Organizer: ,
Session Chair: Shin-ichi Fukuda, The University of Tokyo
Session type: invited
Date: August 5, 2009
Time: 10:35 - 11:35
Location: H

Session 140: Family and Social Insurance

Session Organizer: Toshihiro Ihori, University of Tokyo
Session Chair: Sang-Wook (Stanley) Cho, University of New South Wales
Session type: contributed
Date: August 5, 2009
Time: 11:50 - 13:10
Location: C1
 

Family Policies: What Does the Standard Endogenous Fertility Model Tell Us?
JEL codes: H21,I0,J13,J18
By Thomas Baudin, Paris School of Economics & EQUIPPE
   Presented by: Thomas Baudin, Paris School of Economics - University of Paris I Panthéon Sorbonne
 

Migration, Social Security, and Economic Growth
By Hung-Ju Chen, National Taiwan University I-Hsiang Fang, National Taiwan University
   Presented by: Hung-Ju Chen, National Taiwan University
 

Beggar-thy-parents? A Lifecycle Model of Intergenerational Altruism
[slides]
By Sang-Wook (Stanley) Cho School of Economics, University of New South Wales, Sydney, Australia
   Presented by: Sang-Wook (Stanley) Cho, University of New South Wales
 

Insurance, Learning and Consumption: Evidence from China’s New Cooperative Medical Scheme
By Chong-En Bai, Tsinghua University Hongbin Li, Tsinghua University Binzhen Wu, Tsinghua University
   Presented by: Binzhen Wu, Tsinghua SEM

Session 141: Empirical Finance: Bond and Commodities

Session Organizer: Makoto Saito, Hitotsubashi University
Session Chair: Kazuhiko Ohashi, Hitotsubashi University
Session type: contributed
Date: August 5, 2009
Time: 11:50 - 13:10
Location: L1
 

Uninsurable Risk, Bond Pricing and Real Interest Rates: An Investigation of UK Indexed Bonds
By David BARR;Durham University Parantap BASU;Durham University Kenji WADA;Keio University
   Presented by: Kenji Wada, Keio University
 

Cointegrated Commodity Pricing Model
By Katsushi Nakajima; Graduate School of International Corporate Strategy, Hitotsubashi University Kazuhiko Ohashi; Graduate School of International Corporate Strategy, Hitotsubashi University
   Presented by: Kazuhiko Ohashi, Hitotsubashi University
 

Integrating Multiple Commodities in a Model of Stochastic Price Dynamics
[slides]
By Raphael Paschke; University of Mannheim Marcel Prokopczuk; University of Mannheim
   Presented by: Marcel Prokopczuk, University of Mannheim

Session 142: Business Cycles II

Session Organizer: Tomoyuki Nakajima, Kyoto University
Session Chair: Kengo Nutahara, Senshu University
Session type: contributed
Date: August 5, 2009
Time: 11:50 - 13:10
Location: S204
 

The role of investment wedges in the Carlstrom-Fuerst economy and business cycle accounting
JEL codes: E13, E32
By Masaru Inaba; The Canon Institute for Global Studies Kengo Nutahara; Senshu University
   Presented by: Kengo Nutahara, Senshu University
 

Japan's Lost Decade and Decline in Labor Input
By Kensuke Miyazawa; the University of Tokyo
   Presented by: Kensuke Miyazawa, the University of Tokyo
 

Labor Market Dynamics in a Representative Agent Model with Effective Leisure
By Ragchaasuren Galindev; Queens University Belfast
   Presented by: Ragchaasuren Galindev, Queens University Belfast
 

Sectoral Co-Movement, Monetary-Policy Shock, and Input-Output Structure
By Nao Sudo;Institute for Monetary and Economic Studies, Bank of Japan
   Presented by: Nao Sudo, Bank of Japan

Session 143: Theory of Financial Markets

Session Organizer: Atsushi Kajii, Kyoto University
Session Chair: Bruno Strulovici, Northwestern University
Session type: contributed
Date: August 5, 2009
Time: 11:50 - 13:10
Location: L8
 

Capital Mobility and Asset Pricing
JEL codes: G0, D4, D5, C61
By Darrell Duffie; Stanford GSB Bruno Strulovici; Northwestern University
   Presented by: Bruno Strulovici, Northwestern University
 

Market Based, Segregated Exchanges in Securities with Default Risk
By Tee Kilenthong; University of California, Santa Barbara Robert Townsend, MIT
   Presented by: Weerachart Kilenthong, University of California, Santa Barbara
 

Will you lend me to short ? The role of the box in leverage and repo fails
By Jean-Marc Bottazzi; Paris School of Economics Jaime Luque; Universidade Nova de Lisboa Mário Páscoa; Universidade Nova de Lisboa
   Presented by: Jean-Marc Bottazzi, Paris School of Economics
 

Beauty Contests and Asset Prices under Asymmetric Information
By Ryuichiro Ishikawa; University of Tsukuba Noritaka Kudoh; Hokkaido University
   Presented by: Noritaka Kudoh, Hokkaido University

Session 144: Financial Econometrics I

Session Organizer: Joon Park, Texas A&M University
Session Chair: Dennis Kristensen, Columbia University
Session type: contributed
Date: August 5, 2009
Time: 11:50 - 13:10
Location: L7
 

Nonstationary Semiparametric ARCH Models
JEL codes: C22, C50, G12
By Heejoon Han; Department of Economics and Risk Management Institute, National University of Singapore. Shen Zhang; Department of Economics, National University of Singapore.
   Presented by: Heejoon Han, National University of Singapore
 

Is the Drift of the Interest Rate Process Linear? A New Approach and Evidence
By Yongmiao Hong; Cornell University Yoonjin Lee; Indiana University Zhaogang Song; Cornell University
   Presented by: Yoon-Jin Lee, Indiana University
 

Testing Conditional Factor Models
By Andrew Ang; Columbia University and NBER Dennis Kristensen; Columbia University and CREATES
   Presented by: Dennis Kristensen, Columbia University

Session 145: Financial Market and Macroeconomics

Session Organizer: Takeo Hoshi, University of California, San Diego
Session Chair: David Cook, HKUST
Session type: contributed
Date: August 5, 2009
Time: 11:50 - 13:10
Location: C2
 

The term structure with macro factors, expectations hypothesis and regime shift
JEL codes: E43, E44, G12
By Xiaoneng Zhu Department of Economics, Nanyang Technological University
   Presented by: Xiaoneng Zhu, NTU
 

Financial Market Risk and the Stability of Broad Money Demand
By David Cook; HKUST Woon Gyu Choi; IMF
   Presented by: David Cook, HKUST
 

The intraday interest rate under a liquidity crisis: the case of August 2007
By Angelo Baglioni; Catholic University Milan Andrea Monticini; University of Genoa
   Presented by: Andrea Monticini, Catholic University of Milan

Session 146: Social Choice II

Session Organizer: Shigehiro Serizawa, Osaka University
Session Chair: Koichi Tadenuma, Hitotsubashi University
Session type: contributed
Date: August 5, 2009
Time: 11:50 - 13:10
Location: L9
 

Dividends and Weighted Values in Games with Externalities
JEL codes: C71, C72
By Inés Macho-Stadler; Universitat Autònoma de Barcelona David Pérez-Castrillo; Universitat Autònoma de Barcelona David Wettstein; Ben-Gurion University of the Negev
   Presented by: David Pérez-Castrillo, Universitat Autonoma de Barcelona
 

Choosing and Sharing
By Jeremy Laurent-Lucchetti; HEC Montreal Justin Leroux; HEC Montreal
   Presented by: Justin Leroux, HEC Montreal
 

Universal Social Orderings
By Marc Fleurbaey; University Paris Descartes Koichi Tadenuma; Hitotsubashi University
   Presented by: Koichi Tadenuma, Hitotsubashi University
 

When does aggregation reduce risk aversion?
By Christopher P. Chambers; Caltech Federico Echenique; Caltech
   Presented by: Christopher Chambers, California Institute of Technology

Session 147: Empirical International Trade

Session Organizer: Takatoshi Tabuchi, University of Tokyo
Session Chair: Cheolbeom Park, Korea University
Session type: contributed
Date: August 5, 2009
Time: 11:50 - 13:10
Location: S8
 

Industrial Localization and Countries' Specialization in the European Union: An Empirical Investigation
By Astrid Krenz; University of Goettingen Gerhard Ruebel; University of Goettingen
   Presented by: Astrid Krenz, University of Goettingen
 

FTA and Economic Growth: A Nonparametric Approach
By Jung Hur; Sogang University Cheolbeom Park; Korea University
   Presented by: Cheolbeom Park, Korea University

Session 148: Empirical Analysis in Health

Session Organizer: Yasuyuki Sawada, University of Tokyo
Session Chair: Keunkwan Ryu, Seoul National University
Session type: contributed
Date: August 5, 2009
Time: 11:50 - 13:10
Location: L2
 

Returns to Plastic Surgery in Marriage and Labor Markets
JEL codes: C91, J31
By Soohyung Lee Department of Economics and MPRC University of Maryland, College Park soohlee@gmail.com; and Keunkwan Ryu Department of Economics Seoul National University ryu@snu.ac.kr
   Presented by: Keunkwan Ryu, Seoul National University
 

The Economic Effect of Income Security and Welfare Measures for the Persons with Disabilities
By Yoshihiro Kaneko, Dr. Department of Empirical Social Security Research National Institute of Population and Social Security Research
   Presented by: Yoshihiro Kaneko, National Inst of Population and Social S

Session 149: Empirical Analysis of Financial Contagion

Session Organizer: Yasuyuki Sawada, University of Tokyo
Session Chair: Fuchun LI, Bank of Canada
Session type: contributed
Date: August 5, 2009
Time: 11:50 - 13:10
Location: S12
 

A Nonparametric Test for Financial Contagion with Application to the Canadian Banking System
By Fuchun Li Bank of Canada
   Presented by: Fuchun LI, Bank of Canada
 

Measuring Financial Contagion with Copulas
By Yue Peng; Computational Finance and Economic Agents, University of Essex, UK Wing Lon Ng; Computational Finance and Economic Agents, University of Essex, UK
   Presented by: Yue Peng, Essex University

Session 150: Semi and Nonparametric Methods IV

Session Organizer: Xiaohong Chen, Yale University
Session Chair: Jae-Young Kim, Seoul National University
Session type: contributed
Date: August 5, 2009
Time: 11:50 - 13:10
Location: S10
 

A comparison of two model averaging techniques with an application to growth empirics
JEL codes: C51, C52, C13
By Jan R. Magnus; Department of Econometrics \& OR, Tilburg University. Owen Powell; CentER, Tilburg University. Patricia Prufer; Netherlands Bureau for Economic Policy Analysis
   Presented by: Jan R. Magnus, Tilburg University
 

An Efficient Estimation for Switching Regression Models
By Xu, Dinghai; Department of Economics; University of Waterloo; Waterloo; Ontario; Canada
   Presented by: Dinghai Xu, University of Waterloo
 

Efficient estimation of parameters in marginals
By Valentyn Panchenko; University of New South Wales, Sydney Artem Prokhorov; Concordia University, Montreal
   Presented by: Artem Prokhorov, Concordia University
 

An Alternative Method of Estimating Maximum Entropy Density
By Jae-Young Kim School of Economics Seoul National University and Soonhwan Lee Department of Economics MIT
   Presented by: Jae-Young Kim, Seoul National University

Session 151: Asymmetric Information

Session Organizer: Hiroshi Ohashi, University of Tokyo
Session Chair: Babu Nahata, University of Louisville
Session type: contributed
Date: August 5, 2009
Time: 11:50 - 13:10
Location: S9
 

First versus Second-Mover Advantage with Information Asymmetry about the Size of New Markets
JEL codes: D81, D82, L13
By Eric Rasmusen; Indiana University Bloomington Young-Ro Yoon; Wayne State University
   Presented by: Young-Ro Yoon, Wayne State University
 

Signaling unobservable quality choice through price and advertising: The case with competing firms
[slides]
By Wu Fulan; Department of Economics, Faculty of Arts and Social Sciences, National University of Singapore
   Presented by: wu lan, nus
 

Overall inefficiency and cycles in non-ordered screening under capacity constraints and standardization
By Sergey Kokovin; Sobolev Institute of Mathematics Babu Nahata; University of Louisville Evgeny Zhelobodko; Novosibirsk State University
   Presented by: Sergey Kokovin, Sobolev Institute of Mathematics
 

Pricing Menu with Pareto-improving Flat Fee Option
By Sergey Kokovin; Department of Economics, Novosibirsk State University, Novosibirsk, Russia 630090 Babu Nahata; Department of Economics, University of Louisville, Louisville, Kentucky 40292 Evgeny Zhelobodko;Department of Economics, Novosibirsk State University, Novosibirsk, Russia 630090
   Presented by: Babu Nahata, University of Louisville

Session 152: Pricing Decision

Session Organizer: Hiroshi Ohashi, University of Tokyo
Session Chair: Gea Lee, Singapore Management University
Session type: contributed
Date: August 5, 2009
Time: 11:50 - 13:10
Location: L6
 

Mobile Termination and Mobile Penetration
[slides]
JEL codes: D4, K23, L51
By Sjaak Hurkens; Institute of Economic Analysis Doh-shin Jeon: Toulouse School of Economics
   Presented by: Sjaak Hurkens, CSIC
 

Number of Firms and Price Competition
By Kyle Bagwell, Gea M. Lee; Stanford University, Singapore Management University
   Presented by: Gea Lee, Singapore Management University
 

Countercyclical Price and Price Dispersion in Customer Market
By Naohiko Wakutsu; SUNY at Buffalo
   Presented by: Naohiko Wakutsu, SUNY at Buffalo

Session 153: Monetary Policy and Inflation

Session Organizer: Shinichi Fukuda,
Session Chair: Thomas Carter,
Session type: contributed
Date: August 5, 2009
Time: 11:50 - 13:10
Location: F
 

Trend inflation, nominal rigidities, and endogenous growth
By Bob Amano ; Bank of Canada Tom Carter ; Bank of Canada Kevin Moran ; Laval University
   Presented by: Thomas Carter,
 

Monetary Policy Transmission and House Prices: European Cross Country Evidence
By Kai Carstensen, Ifo institute for economic research, CESifo and University of Munich Oliver Hülsewig, Ifo institute for economic research Timo Wollmershäuser, Ifo institute for economic research and CESifo
   Presented by: Oliver Huelsewig, Ifo Institute for Economic Research, Munich

Session 154: Identification and Estimation of Structural Models

Session Organizer: Yuichi Kitamura, Yale University
Session Chair: Philip Haile, Yale University
Session type: contributed
Date: August 5, 2009
Time: 11:50 - 13:10
Location: L3
 

A Practitioner's Guide to Bayesian Estimation of Discrete Choice Dynamic Programming Models
JEL codes: C11 C35 C61 M31
By Andrew Ching; University of Toronto Susumu Imai; Queen's University Masakazu Ishihara; University of Toronto Neelam Jain; Northern Illinois University
   Presented by: Masakazu Ishihara, University of Toronto
 

Sequential Estimation of Dynamic Programming Models with Unobserved Heterogeneity
By Hiroyuki Kasahara; University of Western Ontario Katsumi Shimotsu; Hitotsubashi University
   Presented by: Katsumi Shimotsu, Queen's University
 

Identification of Structural Dynamic Discrete Choice Models
By Le-Yu Chen; Institute of Economics, Academia Sinica
   Presented by: Le-Yu Chen, Academia Sinica
 

Nonparametric Identification of Multinomial Choice Demand Models with Heterogeneous Consumers
By Steven Berry; Yale University Philip Haile; Yale University
   Presented by: Philip Haile, Yale University

Session 155: Education and Human Capital II

Session Organizer: Siu Fai Leung, Hong Kong University of Science and Technology
Session Chair: Ghazala Azmat, UPF
Session type: contributed
Date: August 5, 2009
Time: 11:50 - 13:10
Location: S203
 

Evaluating Mobility Between Unmatched Quantiles: The Eff ects on Generational Mobility of Changes in Family Law in the United States
JEL codes: J62, J12
By Gordon Anderson; University of Toronto Teng Wah Leo; St. Francis Xavier University
   Presented by: Teng Wah Leo, St. Francis Xavier University
 

Heterogeneity in Returns to Work Experience
By Singapore Management University
   Presented by: Ken Yamada, Singapore Management University
 

School Entry, Educational Attainment and Quarter of Birth: A Cautionary Tale of LATE
By Kevin Lang; Boston University Rashmi Barua; Singapore Management University
   Presented by: Rashmi barua, singapore management university
 

The Importance of Relative Performance Feedback Information: Evidence from a Natural Experiment using High School Students
By Ghazala Azmat; University Pompeu Fabra Nagore Iriberri; University Pompeu Fabra
   Presented by: Ghazala Azmat, UPF

Session 156: New Keynesian economics

Session Organizer: Tomoyuki Nakajima, Kyoto University
Session Chair: Kozo Ueda, Bank of Japan
Session type: contributed
Date: August 5, 2009
Time: 14:30 - 15:50
Location: S204
 

Inventories and Real Rigidities in New Keynesian Business Cycle Models
JEL codes: E31, F12
By Oleksiy Kryvtsov; Bank of Canada Virgiliu Midrigan; New York University
   Presented by: Oleksiy Kryvtsov, Bank of Canada
 

The rigidity of choice: life-time savings under information processing constraints
By Antonella Tutino Federal Reserve Board
   Presented by: Antonella Tutino, Board of Governors of the Federal Reserve System
 

Global Liquidity Trap
By Ippei Fujiwara; Institute for Monetary and Economic Studies, Bank of Japan Nao Sudo; Institute for Monetary and Economic Studies, Bank of Japan Yuki Teranishi; Institute for Monetary and Economic Studies, Bank of Japan
   Presented by: Ippei Fujiwara, Bank of Japan
 

Capital Injection, Monetary Policy and Financial Accelerators
By Naohisa Hirakata; Bank of Japan Nao Sudo; Bank of Japan Kozo Ueda; Bank of Japan
   Presented by: Kozo Ueda, Bank of Japan

Session 157: Theory of Public Finance

Session Organizer: Toshihiro Ihori, University of Tokyo
Session Chair: MITSUNOBU MIYAKE, TOHOKU UNIVERSITY
Session type: contributed
Date: August 5, 2009
Time: 14:30 - 15:50
Location: C1
 

On the axiomatic foundations of aggregate consumer surplus measures
JEL codes: D63, D61
By Mitsunobu MIYAKE; Tohoku University
   Presented by: MITSUNOBU MIYAKE, TOHOKU UNIVERSITY
 

The Effect of Subsidy Policies on the Product Quality Improvement
By Inyong, Shin; Department of Economics, Asia University; Hyunho Kim; Science Technology Policy Institute;
   Presented by: Hyunho Kim, STEPI
 

Emissions Permit Markets Equipped with a Safety Valve Mechanism
By Akira Maeda; Kyoto University
   Presented by: Akira Maeda, Kyoto University

Session 158: Financial Econometrics II

Session Organizer: Joon Park, Texas A&M University
Session Chair: Shin Kanaya, University of Oxford
Session type: contributed
Date: August 5, 2009
Time: 14:30 - 15:50
Location: L7
 

ROBUST BACKTESTING TESTS FOR VALUE-AT-RISK MODELS
[slides]
JEL codes: C01, C14, C22
By Juan Carlos Escanciano; Indiana University Jose Olmo; City University London
   Presented by: Jose Olmo, City University, London
 

A State Space Approach to Estimating the Integrated Variance and Microstructure Noise Component
By Daisuke Nagakura; Institute for Monetary and Economic Studies, Bank of Japan. Toshiaki Watanabe; Institute of Economic Research, Hitotsubashi University.
   Presented by: Daisuke Nagakura, Bank of Japan
 

Separating Information Maximum Likelihood Estimation of Realized Volatility and Covariance with Micro-Market Noise
By Naoto Kunitomo; University of Tokyo Seisho Sato; The Institute of Statistical Mathematics
   Presented by: Seisho Sato, The Institute of Statistical Mathematics
 

Estimation of Stochastic Volatility Models by Nonparametric Filtering
By Shin Kanaya; Department of Economics, University of Oxford Dennis Kristensen; Economics Department, Columbia University
   Presented by: Shin Kanaya, University of Oxford

Session 159: Natural Experiment in Developing Countries

Session Organizer: Yasuyuki Sawada, University of Tokyo
Session Chair: Takashi Kurosaki, Hitotsubashi University
Session type: contributed
Date: August 5, 2009
Time: 14:30 - 15:50
Location: L2
 

English Language Premium : Evidence from a policy experiment in India
JEL codes: H4, I2, J0, O1
By Tanika Chakraborty; Washington University, St Louis Shilpi Kapur; Washington University, St Louis
   Presented by: Tanika Chakraborty, Washington University
 

Vulnerability of Microfinance to Strategic Default and Covariate Shocks: Evidence from Pakistan
By Takashi Kurosaki; Hitotsubashi University; Hidayat Ullah Khan; Kohat University of Science and Technology
   Presented by: Takashi Kurosaki, Hitotsubashi University

Session 160: Corporate Governance

Session Organizer: Takeo Hoshi, University of California, San Diego
Session Chair: Kenichi Ueda, International Monetary Fund
Session type: contributed
Date: August 5, 2009
Time: 14:30 - 15:50
Location: C2
 

Ownership Structure and Firm Performance: Evidence from a non-parametric panel
JEL codes: C14; C23; G32
By Malika Hamadi; Luxembourg School of Finance. Andreas Heinen; Universidad Carlos III de Madrid
   Presented by: malika hamadi, University of Luxembourg
 

Banks and Labor as Stakeholders: Impact on Economic Performance
By Stijn Claessens; IMF Kenichi Ueda; IMF
   Presented by: Kenichi Ueda, International Monetary Fund
 

The Determinants in the Timing of Downsizing
By Tomohiko Noda;Osaka Prefectural University Hisashi Okamoto;Graduate school of economics Kyoto University
   Presented by: Hisashi Okamoto, Kyoto Unversity
 

Corporate Risk-Taking and Ownership Structure
By Teodora Paligorova Bank of Canada
   Presented by: Teodora Paligorova, CERGE-EI

Session 161: Economic Analysis of Trade Structures

Session Organizer: Kazuharu Kiyono, Waseda University
Session Chair: Taiji Furusawa, Hitotsubashi University
Session type: contributed
Date: August 5, 2009
Time: 14:30 - 15:50
Location: L9
 

Non-Homothetic Preferences and Labor Heterogeneity: The Effects of Income Inequality on Trade Patterns
JEL codes: F12, D11,
By Marcelo Fukushima; Nihon University / Population Research Institute
   Presented by: Marcelo Fukushima, Kobe University
 

Endogenous Firm Heterogeneity under Financial Imperfection: Effects of International Goods and Capital Mobility
By Taiji Furusawa; Hitotsubashi University Noriyuki Yanagawa; University of Tokyo
   Presented by: Taiji Furusawa, Hitotsubashi University
 

Quality of Labour Markets and Trade in a Developing Country
By Fumio Dei; Graduate School of Business Administration, Kobe University
   Presented by: Fumio Dei, Graduate School of Business Administrati
 

Intra-industry Trade and Industry Distribution of Productivity: A Cournot-Ricardo Approach
By E. Young Song; Sogang University
   Presented by: E. Young Song, Sogang University

Session 162: Microeconomic Theory I

Session Organizer: Kazuya Kamiya, UNIVERSITY OF TOKYO
Session Chair: Christian Ewerhart, University of Zurich
Session type: contributed
Date: August 5, 2009
Time: 14:30 - 15:50
Location: L8
 

Lattice and Lotteries
JEL codes: C61, D11, D81
By Elena Antoniadou; ANU Leonard J Mirman; University of Virginia Richard Ruble; EM Lyon
   Presented by: Elena Antoniadou, ANU
 

Smallness of a commodity and partial equilibrium analysis
By Takashi Hayashi; University of Texas at Austin
   Presented by: Takashi Hayashi, University of Texas at Austin
 

Efficient Intertemporal Allocation
By Wilson, Robert; Business School, Stanford University: Kazumori, Eiichiro; The University of Tokyo
   Presented by: Eiichiro Kazumori, University of Tokyo
 

Optimal Design and rho-Concavity
By Christian Ewerhart, University of Zurich
   Presented by: Christian Ewerhart, University of Zurich

Session 163: Poverty and Child Health

Session Organizer: Yasuyuki Sawada, University of Tokyo
Session Chair: Tomoki Fujii, Singapore Management University
Session type: contributed
Date: August 5, 2009
Time: 14:30 - 15:50
Location: S12
 

Two-Sample Cross Tabulation: Application to Poverty and Child Malnutrition in Tanzania
JEL codes: I32; O15
By Tomoki Fujii; Singapore Management University Roy van der Weide; World Bank
   Presented by: Tomoki Fujii, Singapore Management University
 

Interrelated Dynamics of Health and Poverty in Australia
By Lixin Cai; University of Melbourne Hielke Buddelmeyer; University of Melbourne
   Presented by: Lixin Cai, The University of Melbourne
 

Child Maltreatment, Family Characteristics, and Educational Attainment: Evidence from Add Health Data
By Nori Tarui; University of Hawaii Xiangming Fang; Centers for Disease Control and Prevention (CDC)
   Presented by: Nori Tarui, University of Hawaii

Session 164: Disability and Economy II

Session Organizer: Yasuyuki Sawada, University of Tokyo
Session Chair: Zeng-Hua Lu, University of South Australia
Session type: contributed
Date: August 5, 2009
Time: 14:30 - 15:50
Location: L4
 

The Employment Rate of the Graduates from High Schools for the Physically Disabled, Intellectually Disabled, and Seriously Diseased
JEL codes: J14, J21, I21
By Ryoko MOROZUMI;Faculty of Economics, Graduate School of Economics, University of Toyama
   Presented by: Ryoko Morozumi, University of Toyama
 

Disability and Returns to Education: A Case Study from Nepal
By Kamal Lamichhane; Research Center for Advanced Science and Technology (RCAST) The University of Tokyo and Yasuyuki Sawada; Faculty of Economics The University of Tokyo
   Presented by: Kamal Lamichhane, The University of Tokyo
 

How Do Persons with Disabilities Earn a Living?: Findings from the Field Survey Conducted in Metro Manila, the Philippines
By Jose Ramon Albert; Philippine Institute for Development Studies Soya Mori; Institute of Developing Economies Celia Reyes; Philippine Institute for Development Studies Aubrey Tabuga; Philippine Institute for Development Studies Tatsufumi Yamagata; Institute of Developing Economies Josef Yap; Philippine Institute for Development Studies
   Presented by: Tatsufumi Yamagata, Institute of Developing Economies
 

Effects of child’s disability on the mother’s labour supply in Australia
By Zeng-Hua Lu; University of South Australia Zhi Zuo; University of South Australia
   Presented by: Zeng-Hua Lu, University of South Australia

Session 165: Empirical Studies on Entry

Session Organizer: Hiroshi Ohashi, University of Tokyo
Session Chair: Yuichiro KANAZAWA, University of Tsukuba
Session type: contributed
Date: August 5, 2009
Time: 14:30 - 15:50
Location: L6
 

Land Use Regulation as a Barrier to Entry: Evidence from the Texas Lodging Industry
By Junichi Suzuki; University of Toronto
   Presented by: Junichi Suzuki, University of Toronto
 

Competitive Structure of Japanese Automobile Market
By Haruyuki NABETA, Consultant, Aimnext Corporation. Yuichiro KANAZAWA, Professor of Statistics, Department of Social Systems and Management, Graduate School of Systems and Information Engineering, University of Tsukuba Satoshi MYOJO, Research Fellow, National Institute of Science and Technology Policy. Stephen John Turnbull,Associate Professor of Economics, Department of Social Systems and Management, Graduate School of Systems and Information Engineering, University of Tsukuba.
   Presented by: Yuichiro KANAZAWA, University of Tsukuba
 

Testing Cost Inefficiency under Free Entry in the Real Estate Brokerage Industry
By Seung-Hyun Hong; University of Illinois at Urbana-Champaign
   Presented by: Seung-Hyun Hong, University of Illinois, Urbana-Champaign

Session 166: Game Theory IV

Session Organizer: Atsushi Kajii, Kyoto University
Session Chair: Ori Haimanko, Ben-Gurion University
Session type: contributed
Date: August 5, 2009
Time: 14:30 - 15:50
Location: S7
 

Monotone Comparative Statics for Games With Strategic Substitutes
JEL codes: C60, C72
By Sunanda Roy; Drake University Tarun Sabarwal; University of Kansas
   Presented by: Tarun Sabarwal, University of Kansas
 

On the Existence of Bayesian Cournot Equilibrium
[slides]
By Ezra Einy; Hitotsubashi University and Ben Gurion University Ori Haimanko; Hitotsubashi University and Ben-Gurion University Diego Moreno; Universidad Carlos III de Madrid Benyamin Shitovitz; University of Haifa
   Presented by: Ori Haimanko, Ben-Gurion University
 

Noncash payment methods in a cashless economy
By Tao Zhu; Cornell University Eliot Maenner; Federal Communications Commission
   Presented by: Tao Zhu, HKUST

Session 167: Productivity Issues

Session Organizer: Hiroshi Ohashi, University of Tokyo
Session Chair: Hideyuki Mizobuchi, Keio University
Session type: contributed
Date: August 5, 2009
Time: 14:30 - 15:50
Location: S9
 

Explaining Reallocation's Apparent Negative Contribution to Growth in Deregulation-Era Developing Countries
JEL codes: D24, L13, O47
By Mitsukuni Nishida; University of Chicago Amil Petrin; University of Minnesota, Twin Cities
   Presented by: Mitsukuni Nishida, University of Chicago
 

MARKET ENTRY PATTERN AND TIMING IN AN INDUSTRY WITH TECHNOLOGICAL EVOLUTION; THE LIQUID CRYSTAL DISPLAY INDUSTRY 1969-2000
By Michiko Miyamoto; Akita Prefectural University
   Presented by: Michiko Miyamoto, Akita Prefectural University
 

An Economic Approach to the Measurement of Productivity Growth Using Differences Instead of Ratios
By W. Erwin Diewert Hideyuki Mizobuchi; Keio University
   Presented by: Hideyuki Mizobuchi, Keio University

Session 168: Heterogeneous Firms and Trade

Session Organizer: Takatoshi Tabuchi, University of Tokyo
Session Chair: Yasuhiro Sato, Osaka University
Session type: contributed
Date: August 5, 2009
Time: 14:30 - 15:50
Location: S8
 

Trade and Firm Heterogeneity in a Quality-Ladder Model of Growth
JEL codes: F10, O30
By Tetsugen Haruyama; Graduate School of Economics Kobe University Laixun Zhao; Research Institute of Economics and Business Administration
   Presented by: Tetsugen Haruyama, Kobe University
 

A Simple Model of Offshore Outsourcing, Technology Upgrading and Welfare
By Jaewon Jung; THEMA, Université de Cergy-Pontoise Jean Mercenier; ERMES, Université Panthéon-Assas (Paris 2)
   Presented by: Jaewon Jung, THEMA, Université de Cergy-Pontoise
 

Trade and mergers in the presence of firm heterogeneity
By Noriaki Matsushima; Kobe University Yasuhiro Sato; Osaka University Kazuhiro Yamamoto; Osaka University
   Presented by: Yasuhiro Sato, Osaka University

Session 169: Global Business Fluctuations

Session Organizer: Shinichi Fukuda,
Session Chair: Isamu Ginama, Hiroshima University
Session type: contributed
Date: August 5, 2009
Time: 14:30 - 15:50
Location: F
 

Structural and Cyclical Movements of the Current Account in the U.S. 1976-2007
By Yoichi Matsubayashi Graduate School of Economics Kobe University
   Presented by: Yoichi Matsubayashi, Kobe University
 

Exchange Rate Pass-through and Market Structure in Multi-country World
By David Hummels; Purdue University and NBER Kanda Naknoi; Purdue University
   Presented by: Kanda Naknoi, Purdue University
 

An International Study on Inventory Fluctuations
By Isamu Ginama; Graduate School of Social Sciences, Hiroshima University Mitsuhiro Odaki; Graduate School of Social Sciences, Hiroshima University Hai Dong Wang; Graduate School of Social Sciences, Hiroshima University
   Presented by: Isamu Ginama, Hiroshima University
 

Improving Recession Probability Forecasts in the U.S. Economy
By Munechika Katayama; Louisiana State University
   Presented by: Munechika Katayama, Louisiana State University

Session 170: Nonparametric Identification and Estimation

Session Organizer: Yuichi Kitamura, Yale University
Session Chair: Andrew Chesher, University College London
Session type: contributed
Date: August 5, 2009
Time: 14:30 - 15:50
Location: L3
 

On the Nonparametric Identification of Multiple Choice Models
By Ivana Komunjer; University of California San Diego Pierre-Andre Chiappori; Columbia University
   Presented by: Ivana Komunjer, University of California, San Diego
 

Estimating Derivatives in Nonseparable Models with Limited Dependent Variables
By Joseph G. Altonji; Yale University Hidehiko Ichimura; University of Tokyo Taisuke Otsu; Yale University
   Presented by: Taisuke Otsu, Yale University
 

Testing for Instrument Independence in the Selection Model
By Toru Kitagawa; Brown University
   Presented by: Toru Kitagawa, Brown University
 

Single equation endogenous binary response models
By Andrew Chesher; University College London
   Presented by: Andrew Chesher, University College London

Session 171: Inequality

Session Organizer: Siu Fai Leung, Hong Kong University of Science and Technology
Session Chair: Boris Branisa Caballero, University of Goettingen
Session type: contributed
Date: August 5, 2009
Time: 14:30 - 15:50
Location: S203
 

Estimating Mobility and Lifetime Inequality of Labor Income in the United States and Germany Using Extensions of the Copula Approach
JEL codes: D31, J31, J60
By Tak Wai Chau; University of Rochester
   Presented by: Tak Wai Chau, University of Rochester
 

Gender Occupational Segregation in the Russian Labour market
By Dr. Anastasia Klimova The University of Technology, Sydney
   Presented by: Anastasia Klimova, UTS
 

The Construction of the Social Institutions and Gender Index (SIGI)
[slides]
By Boris Branisa; University of Goettingen Stephan Klasen; University of Goettingen Maria Ziegler; University of Goettingen
   Presented by: Boris Branisa Caballero, University of Goettingen

Session 172: Invited Lecture: Larry G. Epstein: De Finetti Meets Ellsberg: Choice with Repeated Experiments

Session Organizer: ,
Session Chair: Takashi Ui, Yokohama National University
Session type: invited
Date: August 5, 2009
Time: 16:5 - 17:05
Location: L1

Session 173: Invited Lecture: Ariel Pakes: Static and Dynamic Analysis under Weaker Behavioral and Informational Assumptions: Some Examples

Session Organizer: ,
Session Chair: Hiroshi Ohashi, University of Tokyo
Session type: invited
Date: August 5, 2009
Time: 16:5 - 17:05
Location: F

Session 174: Invited Lecture: Giorgio Primiceri: Nominal Rigidities and Business Cycle Fluctuations

Session Organizer: ,
Session Chair: Masao Ogaki, Oho State University
Session type: invited
Date: August 5, 2009
Time: 16:5 - 17:05
Location: H

This program was last updated on 2009-08-01 12:26:28 EDT


Session 175: Fukuzawa Lecture: James Heckman: Estimating the Technology of Cognitive and Noncognitive Skill Formation

Session Organizer: ,
Session Chair: Hidehiko Ichimura, University of Tokyo
Session type: invited
Date: August 5, 2009
Time: 17:20 - 18:20
Location: Y