2014 North American Winter Meeting of the Econometric Society

Philadelphia

 

Program Notes and Index of Sessions

 

Summary of All Sessions

#Date/TimeLocationTypeJELTitlePapersOrganizer
1January 3, 2014
0:00-0:00
N/A contributed   Big Data and High-Dimensional Problems4Barbara Rossi
2January 4, 2014
0:00-0:00
N/A invited   Advances in Macroeconometrics4Barbara Rossi
3January 3, 2014
0:00-0:00
N/A contributed   Identification and Estimation Nonseparable Models with Endogeneity4Edward Vytlacil
4January 3, 2014
0:00-0:00
N/A contributed   New Perspectives on Jobless Recoveries4Gianluca Violante
5January 3, 2014
0:00-0:00
N/A contributed   Barriers to Education in Developing Countries3Seema Jayachandran
6January 3, 2014
0:00-0:00
N/A contributed   Political Economy3Aleh Tsyvinski
7January 3, 2014
0:00-0:00
N/A contributed   Topics in Taxation3Aleh Tsyvinski
8January 3, 2014
0:00-0:00
N/A contributed   Evaluating Health Insurance Reform4Hanming Fang
9January 3, 2014
0:00-0:00
N/A contributed   Empirical Models for Policy Evaluation4Hanming Fang
10January 3, 2014
0:00-0:00
N/A invited   Productivity Differences Across Time and Space4David Lagakos
11January 3, 2014
0:00-0:00
N/A contributed   Economic Growth and Development5David Lagakos
12January 3, 2014
0:00-0:00
N/A contributed   Innovation and Economic Growth4David Lagakos
13January 3, 2014
0:00-0:00
N/A invited   Macroeconomic Dynamics at the Zero Lower Bound4Giorgio Primiceri
14January 3, 2014
0:00-0:00
N/A contributed   Inference and Statistical Decision Theory4Edward Vytlacil
15January 3, 2014
0:00-0:00
N/A contributed   Applied Econometrics and Schooling3Edward Vytlacil
16January 3, 2014
0:00-0:00
N/A contributed   Instrumental Variables4Edward Vytlacil
17January 3, 2014
0:00-0:00
N/A invited   Using Information Technology to Improve Health in Developing Countries3Seema Jayachandran
18January 3, 2014
0:00-0:00
N/A contributed   International Trade: Empirics3Nina Pavcnik
19January 3, 2014
0:00-0:00
N/A contributed   Estimation of models of wage determination and wage dynamics4Christopher Taber
20January 3, 2014
0:00-0:00
N/A contributed   Estimation of Education Models 4Christopher Taber
21January 3, 2014
0:00-0:00
N/A contributed   Financial Frictions and the Macroeconomy4Giorgio Primiceri
22January 3, 2014
0:00-0:00
N/A contributed   International Trade: Theory3Nina Pavcnik
23January 3, 2014
0:00-0:00
N/A contributed   Trust and Cooperation4Lise Vesterlund
24January 3, 2014
0:00-0:00
N/A invited   Estimation of Industrial Organization Models5Katja Seim
25January 3, 2014
0:00-0:00
N/A invited   Industrial Organization: Theory and Applications4Katja Seim
26January 3, 2014
0:00-0:00
N/A contributed   Wage Inequality4Gianluca Violante
27January 3, 2014
0:00-0:00
N/A contributed   Unemployment Across Regions and Sectors4Richard Rogerson
28January 3, 2014
0:00-0:00
N/A contributed   Long Run Changes in Labor Market Outcomes4Richard Rogerson
29January 3, 2014
0:00-0:00
N/A invited   Dynamics of Health Insurance Choice3Donna Gilleskie
30January 3, 2014
0:00-0:00
N/A invited   Dynamics of Medical Treatment and Decision-making3Donna Gilleskie
31January 3, 2014
0:00-0:00
N/A invited   Life-Cycle Decisionmaking with Intergenerational Interactions and Health/Life Expectations3Donna Gilleskie
32January 3, 2014
0:00-0:00
N/A invited   Sovereign Debt Crises 3Enrique Mendoza
33January 3, 2014
0:00-0:00
N/A invited   Fiscal Policy, Financial Policy & Default4Enrique Mendoza
34January 3, 2014
0:00-0:00
N/A invited   Banks, Sovereign Risk and Currency Wars 3Enrique Mendoza
35January 3, 2014
0:00-0:00
N/A invited   Bounded Rationality and Markets4Attila Ambrus
36January 3, 2014
0:00-0:00
N/A contributed   Searching and Contracting4Attila Ambrus
37January 3, 2014
0:00-0:00
N/A contributed   Game Theory4Amanda Friedenberg
38January 3, 2014
0:00-0:00
N/A contributed   Mechanism Design4Amanda Friedenberg
39January 3, 2014
0:00-0:00
N/A contributed   Risk and Ambiguity4Lise Vesterlund
40January 3, 2014
0:00-0:00
N/A contributed   Volatility and Asset Returns4Amir Yaron
41January 3, 2014
0:00-0:00
N/A contributed   Asset Pricing - Theory4Amir Yaron
42January 3, 2014
0:00-0:00
N/A contributed   Cross Sectional Asset Pricing4Amir Yaron
43January 3, 2014
0:00-0:00
N/A invited   The Real Effects of Financial Markets4Itay Goldstein
44January 3, 2014
0:00-0:00
N/A contributed   Financial Regulation and Information4Itay Goldstein
45January 3, 2014
0:00-0:00
N/A invited   Improving the Quality of Schools and Teachers0
46January 3, 2014
0:00-0:00
N/A invited   Macroeconomics with Debt Markets in Turmoil0
47January 3, 2014
0:00-0:00
N/A invited   Opportunities and Pitfalls of Big Data0Attila Ambrus
48January 3, 2014
17:30-19:00
N/A invited   Presidential Address: “The Economics and Econometrics of Human Development”, James H. Heckman0
49January 3, 2014
0:00-0:00
N/A invited   Pragmatic Modeling and Robust Design under Limited Probability Sophistication4Sylvain Chassang
50January 3, 2014
0:00-0:00
N/A contributed   Micro and Applied Theory: New Modeling Tools and Questions4Sylvain Chassang
51January 3, 2014
0:00-0:00
N/A invited   JBES session0Barbara Rossi
 

51 sessions, 174 papers, and 0 presentations with no associated papers


 

2014 North American Winter Meeting of the Econometric Society

Detailed List of Sessions

                                                                                                      
 
Session 1: Big Data and High-Dimensional Problems
January 3, 2014
 
Session Organizer: Barbara Rossi, ICREA, UPF, CREI and Barcelona GSE
Session Chair: Jushan Bai, Columbia University
Session type: contributed
 

Incidental Endogeneity in High Dimensions
By Jianqing Fan; Princeton University
   Presented by: Jianqing Fan, Princeton University
 

Valid Post-Selection Inference on Treatment Effects in Data-Rich Environments
By Victor Chernozhukov; MIT
   Presented by: Victor Chernozhukov, MIT
 

Asymptotic Analysis of the Squared Estimation Error in Misspeci…ed Factor Models
By Alexei Onatski; University of Cambridge
   Presented by: Alexei Onatski, University of Cambridge
 

Shrinkage Estimation of Dynamic Factor Models with Structural Instabilties
By Xu Cheng; University of Pennsylvania
Zhipeng Liao; UCLA
Frank Schorfheide; University of Pennsylvania
   Presented by: Xu Cheng, University of Pennsylvania
 
Session 2: Advances in Macroeconometrics
January 4, 2014
 
Session Organizer: Barbara Rossi, ICREA, UPF, CREI and Barcelona GSE
Session Chair: Barbara Rossi, ICREA, UPF, CREI and Barcelona GSE
Session type: invited
 

Inference in Structural VARs with External Instruments
By Mark Watson; Princeton University
   Presented by: Mark Watson, Princeton University
 

Alternative Methods for Forecasting with Model Uncertainty
By Keisuke Hirano; University of Arizona
Jonathan Wright; Johns Hopkins University
   Presented by: Jonathan Wright, Johns Hopkins University
 

Forecasting stock returns under economic constraints
By Davide Pettenuzzo; Brandeis University
Allan Timmermann; University of California, San Diego
Rossen Valkanov; University of California, San Diego
   Presented by: Allan Timmermann, University of California, San Diego
 

Improving GDP Measurement: A Measurement Error Perspective
By S. Boragan Aruoba; University of Maryland
Francis Diebold; University of Pennsylvania
Jeremy Nalewaik; Federal Reserve Board
Frank Schorfheide; University of Pennsylvania
Dongho Song; University of Pennsylvania
   Presented by: Francis Diebold, University of Pennsylvania
 
Session 3: Identification and Estimation Nonseparable Models with Endogeneity
January 3, 2014
 
Session Organizer: Edward Vytlacil, New York University
Session Chair: Arthur Lewbel, Boston College
Session type: contributed
 

Identification and Estimation of Individual Discrete Choice Models with Market Level Endogeneity
By Amit Gandhi; University of Wisconsin-Madison
   Presented by: Amit Gandhi, University of Wisconsin-Madison
   Discussant:   Whitney Newey, MIT
 

Counterfactual worlds: Characterising the identifying power of incomplete models with conditional independence restrictions
By Andrew Chesher; University College London
Adam Rosen; University College London
   Presented by: Andrew Chesher, University College London
   Discussant:   Whitney Newey, MIT
 

On the Independence Assumption on Nonseparable Models with Simultaneity
By Rosa Matzkin; UCLA
   Presented by: Rosa Matzkin, UCLA
   Discussant:   Kirill Evdokimov, Princeton University
 

A Triangular Treatment Effect Model With Random Coefficients in the Selection Equation
By Eric Gautier; ENSAE-CREST
Stefan Hoderlein; Boston College
   Presented by: Stefan Hoderlein, Boston College
   Discussant:   Kirill Evdokimov, Princeton University
 
Session 4: New Perspectives on Jobless Recoveries
January 3, 2014
 
Session Organizer: Gianluca Violante, NYU
Session Chair: Gianluca Violante, NYU
Session type: contributed
 

What Shifts the Beveridge Curve?
By Alessandro Gavazza; New York University
Simon Mongey; NYU
Gianluca Violante; NYU
   Presented by: Gianluca Violante, NYU
 

Do Changes in Unemployment Insurance Explain the Emergence of Jobless Recoveries?
By Kurt Mitman; University of Pennsylvania
Stanislav Rabinovich; Amherst College
   Presented by: Stanislav Rabinovich, Amherst College
 

Job Destruction Without Job Creation: Structural Transformation in the Overborrowed America
By Alessandro Galesi; Centro de Estudios Monetarios y Financieros
Claudio Michelacci; CEMFI
   Presented by: Claudio Michelacci, CEMFI
 

Countercyclical Restructuring and Jobless Recoveries
By David Berger; Northwestern University
   Presented by: David Berger, Northwestern University
 
Session 5: Barriers to Education in Developing Countries
January 3, 2014
 
Session Organizer: Seema Jayachandran, Northwestern University
Session Chair: Seema Jayachandran, Northwestern University
Session type: contributed
 

Drug Battles and School Achievement: Evidence from Rio de Janeiro's Favelas
By Joana Monteiro; CID/Harvard
Rudi Rocha; UFRJ
   Presented by: Rudi Rocha, UFRJ
   Discussant:   Christopher Blattman, Columbia University
 

How Parents’ Perceptions of Their Children’s Ability Affect Investments in Education: Evidence from a Randomized Experiment in Malawi
By Rebecca Dizon-Ross; Department of Economics
   Presented by: Rebecca Dizon-Ross, Department of Economics
   Discussant:   James Berry, Cornell University
 

Barriers and Returns to Secondary Schooling in Ghana
By Pascaline Dupas; Stanford University
   Presented by: Pascaline Dupas, Stanford University
   Discussant:   Owen Ozier, The World Bank
 
Session 6: Political Economy
January 3, 2014
 
Session Organizer: Aleh Tsyvinski, Yale University
Session type: contributed
 

Endogenous Veto Power
By Daniel Diermeier; Northwestern University
Georgy Egorov; Northwestern University
Konstantin Sonin; New Economic School
   Presented by: Konstantin Sonin, New Economic School
 

Political competition under asymmetric information
By Felix Bierbrauer; University of Cologne
Pierre Boyer; University of Mannheim
   Presented by: Pierre Boyer, University of Mannheim
 

Immunity
By Vasiliki Skreta; New York University, Stern School of Bus
   Presented by: Vasiliki Skreta, New York University, Stern School of Bus
 
Session 7: Topics in Taxation
January 3, 2014
 
Session Organizer: Aleh Tsyvinski, Yale University
Session type: contributed
 

A Duality Approach to Continuous-Time Contracting Problems with Limited Commitment
[slides]
By Yuzhe Zhang; Texas A&M University
   Presented by: Yuzhe Zhang, Texas A&M University
 

Robust Optimal Taxation and Environmental Externalities
By Ted Temzelides; Rice University
   Presented by: Ted Temzelides, Rice University
 

Long-Term Labor Contract and Simple Welfare System
[slides]
By Anqi Li; University of Pennsylvania
Yiqing Xing; Stanford University
   Presented by: Yiqing Xing, Stanford University
 
Session 8: Evaluating Health Insurance Reform
January 3, 2014
 
Session Organizer: Hanming Fang, University of Pennsylvania
Session Chair: Hanming Fang, University of Pennsylvania
Session type: contributed
 

Equilibria in Health Exchanges: Adverse Selection vs. Re-Classification Risk
By Benjamin Handel; University of California at Berkeley
Igal Hendel; Northwestern University
Michael Whinston
   Presented by: Benjamin Handel, University of California at Berkeley
 

Equilibrium Labor Market Search and Health Insurance Reform
By Naoki Aizawa; University of Pennsylvania
Hanming Fang; University of Pennsylvania
   Presented by: Hanming Fang, University of Pennsylvania
 

Adverse Selection and an Individual Mandate: When Theory Meets Practice
By Martin Hackmann; Yale University
Jonathan Kolstad; University of Pennsylvania
Amanda Kowalski; Yale University
   Presented by: Amanda Kowalski, Yale University
 

Cross-subsidization in employer-based health Cross-subsidization in employer-based health
By Svetlana Pashchenko; Uppsala University
Ponpoje (Poe) Porapakkarm; University of Macau
   Presented by: Ponpoje (Poe) Porapakkarm, University of Macau
 
Session 9: Empirical Models for Policy Evaluation
January 3, 2014
 
Session Organizer: Hanming Fang, University of Pennsylvania
Session Chair: John Rust, Georgetown University
Session type: contributed
 

Optimal taxation in an empirical life-cycle model of labour supply
By Andrew Shephard; University of Pennsylvania
   Presented by: Andrew Shephard, University of Pennsylvania
 

Precommitments for Financial Self-Control: Evidence from Credit Card Borrowing
By Sungjin Cho; Seoul National University
John Rust; Georgetown University
   Presented by: John Rust, Georgetown University
 

Program Evaluation When Externalities Exist and a Control Group Does Not: The Case of Post-Katrina Rebuilding Grants
By Chao Fu; University of Wisconsin - Madison
Jesse Gregory; University of Wisconsin
   Presented by: Jesse Gregory, University of Wisconsin
 

The Superintendent's Dilemma: Managing School District Capacity as Parents Vote with Their Feet
By Holger Sieg; University of Pennsylvania
   Presented by: Holger Sieg, University of Pennsylvania
 
Session 10: Productivity Differences Across Time and Space
January 3, 2014
 
Session Organizer: David Lagakos, Arizona State University
Session Chair: David Lagakos, Arizona State University
Session type: invited
 

Agricultural Productivity Differences Across Countries
By Douglas Gollin; Oxford University
David Lagakos; Arizona State University
Mike Waugh; New York University
   Presented by: David Lagakos, Arizona State University
 

Intersectoral Distortions, Structural Change and the Welfare Gains from Trade
By Tomasz Swiecki
   Presented by: Tomasz Swiecki,
 

Structural Transformation and the Rural-Urban Divide
By Viktoria Hnatkovska; University of British Columbia
Amartya Lahiri; University of British Columbia
   Presented by: Viktoria Hnatkovska, University of British Columbia
 

Financial Frictions and Agricultural Productivity Differences
By Junmin Liao; Washington University in St. Louis
Wei Wang; Washington University in St. Louis
   Presented by: Wei Wang, Washington University in St. Louis
 
Session 11: Economic Growth and Development
January 3, 2014
 
Session Organizer: David Lagakos, Arizona State University
Session type: contributed
 

Economic Development and the Organization of Production
By Nicolas Roys; University of Wisconsin - Madison
Ananth Seshadri; University of Wisconsin
   Presented by: Nicolas Roys, University of Wisconsin - Madison
 

Stages of Diversification and Industry Productivity Differences
By Roberto Samaniego; George Washington University
Juliana Sun; George Washington University
   Presented by: Roberto Samaniego, George Washington University
 

Unfavorable Land Endowment, Cooperation, and Reversal of Fortune
By Anastasia Litina; University of Luxembourg
   Presented by: Anastasia Litina, University of Luxembourg
 

Sector Biased Technical Change and Perpetual Structural Change
By Pengfei Zhang; Peking University
   Presented by: Pengfei Zhang, Peking University
 

A Tractable Circular City Model with an Application to the Effects of Development Constraints on Land Rents
By Satyajit Chatterjee; Federal Reserve Bank of Philadelphia
Burcu Eyigungor; Phildalephia Federal Reserve Bank
   Presented by: Satyajit Chatterjee, Federal Reserve Bank of Philadelphia
 
Session 12: Innovation and Economic Growth
January 3, 2014
 
Session Organizer: David Lagakos, Arizona State University
Session type: contributed
 

The Impact of Government Debt and Taxation on Endogenous Growth in the Presence of a Debt Trigger
By Gregory Huffman; Vanderbilt University
   Presented by: Gregory Huffman, Vanderbilt University
 

Competition as an Engine of Economic Growth with Producer Heterogeneity
By Christian Jensen; University of South Carolina
   Presented by: Christian Jensen, University of South Carolina
 

Research Policy and U.S. Economic Growth
By Richard M. H. Suen; University of Connecticut
   Presented by: Richard M. H. Suen, University of Connecticut
 

R&D Investment and Financial Frictions
By Oscar Valencia A; Toulouse School of Economics
   Presented by: Oscar Valencia A, Toulouse School of Economics
 
Session 13: Macroeconomic Dynamics at the Zero Lower Bound
January 3, 2014
 
Session Organizer: Giorgio Primiceri, Northwestern University
Session Chair: Giorgio Primiceri, Northwestern University
Session type: invited
 

The Inlfation-Output Tradeoff Revisited
By Gauti Eggertsson; Brown University
   Presented by: Gauti Eggertsson, Brown University
 

The Empirical Implications of the Interest-Rate Lower Bound
[slides]
By J. David Lopez-Salido; Federal Reserve Board
   Presented by: J. David Lopez-Salido, Federal Reserve Board
 

Macroeconomic Dynamics Near the ZLB: A Tale of Two Equilibria
By S. Boragan Aruoba; University of Maryland
Frank Schorfheide; University of Pennsylvania
   Presented by: Frank Schorfheide, University of Pennsylvania
 

Do Unemployment Benefits Make Recessions Worse?
By Lawrence Christiano; Northwestern University
   Presented by: Lawrence Christiano, Northwestern University
 
Session 14: Inference and Statistical Decision Theory
January 3, 2014
 
Session Organizer: Edward Vytlacil, New York University
Session Chair: Xu Cheng, University of Pennsylvania
Session type: contributed
 

Statistical Hypothesis Testing and Private Information
JEL codes: C12, C44, C31
By Aleksey Tetenov; Collegio Carlo Alberto
   Presented by: Aleksey Tetenov, Collegio Carlo Alberto
   Discussant:   Jose Motiel Olea, New York University
 

Optimal policy and statistical decisions
By Maximilian Kasy; Harvard University
   Presented by: Maximilian Kasy, Harvard University
   Discussant:   Jose Motiel Olea, New York University
 

On the Computation of Size-Correct Power-Directed Tests with Null Hypotheses Characterized by Inequalities
By Adam McCloskey; Brown University
   Presented by: Adam McCloskey, Brown University
   Discussant:   Xiaoxia Shi, University of Wisconsin Madison
 

Semi-parametric Bayesian Partially Identified Models based on Support Function
By Yuan Liao; University of Maryland
Anna Simoni; CNRS and Université de Cergy-Pontoise
   Presented by: Anna Simoni, CNRS and Université de Cergy-Pontoise
   Discussant:   Xiaoxia Shi, University of Wisconsin Madison
 
Session 15: Applied Econometrics and Schooling
January 3, 2014
 
Session Organizer: Edward Vytlacil, New York University
Session Chair: Arnaud Maurel, Duke University
Session type: contributed
 

Testing Academic Fairness of University Admissions under Selection on Unobservables
By Debopam Bhattacharya; University of Oxford
Shin Kanaya; University of Aarhus
Margaret Stevens; University of Oxford
   Presented by: Debopam Bhattacharya, University of Oxford
   Discussant:   Aleksey Tetenov, Collegio Carlo Alberto
 

The Effects of Early Grade Retention on Schooling Performance
JEL codes: C14, C21, J24
By Xavier D'Haultfoeuille; CREST
Arnaud Maurel; Duke University
Jean-Marc Robin; Sciences-Po
   Presented by: Xavier D'Haultfoeuille, CREST
   Discussant:   Salvador Navarro, University of Western Ontario
 

Identifying the Effect of Changing the Policy Threshold in Regression Discontinuity Models
By Yingying Dong; University of California Irvine
Arthur Lewbel; Boston College
   Presented by: Arthur Lewbel, Boston College
   Discussant:   Pedro Carneiro, UCL
 
Session 16: Instrumental Variables
January 3, 2014
 
Session Organizer: Edward Vytlacil, New York University
Session Chair: Azeem Shaikh, University of Chicago
Session type: contributed
 

Diagnostics for Exclusion Restrictions in Instrumental Variables Estimation
By Kirill Evdokimov; Princeton University
David Lee; Princeton University
   Presented by: Kirill Evdokimov, Princeton University
   Discussant:   Timothy Armstrong, Yale University
 

Instrumental Variable Estimation of Dynamic Panel Regression Models with Serially Correlated Errors
By Nayoung Lee; Chinese University of Hong Kong
Hyungsik Roger Moon; University of Southern California
   Presented by: Hyungsik Roger Moon, University of Southern California
   Discussant:   Xu Cheng, University of Pennsylvania
 

Semiparametric Instrumental Variable Estimation in an Endogenous Treatment Model
By Roger Klein; Rutgers University
Chan Shen; MD Anderson Cancer Center
   Presented by: Chan Shen, MD Anderson Cancer Center
   Discussant:   Sukjin Han, University of Texas at Austin
 

Semiparametric Estimation and Inference Using Doubly Robust Moment Conditions
By Sergio Firpo; FGV-SP
Christoph Rothe; Columbia University, Department of Econo
   Presented by: Christoph Rothe, Columbia University, Department of Econo
   Discussant:   Matias Cattaneo, University of Michigan
 
Session 17: Using Information Technology to Improve Health in Developing Countries
January 3, 2014
 
Session Organizer: Seema Jayachandran, Northwestern University
Session Chair: Wesley Yin, Boston University
Session type: invited
 

Using Text-Message Authentication to Combat Counterfeit Pharmaceuticals
By Daniel Bennett; University of Chicago
Seema Jayachandran; Northwestern University
Wesley Yin; Boston University
   Presented by: Seema Jayachandran, Northwestern University
   Discussant:   Yi Qian, Kellogg School of Management
 

Effectiveness and Spillovers of Online Sex Education: Evidence from a Randomized Evaluation in Colombian Public Schools
By Alberto Chong; University of Ottawa
Marco Gonzalez-Navarro; University of Toronto
Dean Karlan; Yale University
Martín Valdivia; Grupo de Análisis para el Desarrollo
   Presented by: Dean Karlan, Yale University
   Discussant:   Leigh Linden, UT Austin
 

The Effect of Monitoring on Health Care Providers in India
By Iqbal Dhaliwal; JPAL, MIT
Rema Hanna; Harvard
   Presented by: Rema Hanna, Harvard
   Discussant:   Simone Schaner, Dartmouth College
 
Session 18: International Trade: Empirics
January 3, 2014
 
Session Organizer: Nina Pavcnik, Dartmouth College
Session Chair: Ralph Ossa, University of Chicago
Session type: contributed
 

Does input-trade liberalization affect firms' foreign technology choice?
By Antoine Berthou; Banque de France
Maria BAS; CEPII France, Sciences Po (Paris)
   Presented by: Maria BAS, CEPII France, Sciences Po (Paris)
   Discussant:   Andreas Moxnes, Dartmouth College
 

Global Gains from Reduction of Trade Costs
By Haichao Fan; Hong Kong University of Science and Technology
Edwin Lai; Hong Kong University of Science and Tech
Han (Steffan) Qi; Hong Kong University of Science and Technology
   Presented by: Edwin Lai, Hong Kong University of Science and Tech
   Discussant:   Ralph Ossa, University of Chicago
 

When the Floodgates Open: "Northern" Firms' Response to Removal of Trade Quotas on Chinese Goods
By Hale Utar; University of Colorado, Boulder
   Presented by: Hale Utar, University of Colorado, Boulder
   Discussant:   Chong Xiang, Purdue University
 
Session 19: Estimation of models of wage determination and wage dynamics
January 3, 2014
 
Session Organizer: Christopher Taber, University of Wisconsin-Madison
Session Chair: Christopher Taber, University of Wisconsin-Madison
Session type: contributed
 

Job Dispersion and Compensating Wage Differentials
By Ted To; Bureau of Labor Statistics
   Presented by: Ted To, Bureau of Labor Statistics
 

Unobserved Worker Quality and Inter-Industry Wage Differentials
By Suqin Ge; Virginia Polytechnic and State Universit
Joao Macieira; Virginia Tech
   Presented by: Joao Macieira, Virginia Tech
 

Wage Dynamics with Private Learning-by-doing and On-the-job Search
By Seung-Gyu Sim; University of Tokyo
   Presented by: Seung-Gyu Sim, University of Tokyo
 

Acquired Skill and Learned Ability: Wage Dynamics in Internal Labor Markets
JEL codes: J24, J31, M52
By Masaki Nakabayashi; The University of Tokyo
   Presented by: Masaki Nakabayashi, The University of Tokyo
 
Session 20: Estimation of Education Models
January 3, 2014
 
Session Organizer: Christopher Taber, University of Wisconsin-Madison
Session Chair: Christopher Taber, University of Wisconsin-Madison
Session type: contributed
 

The Option Value of Human Capital
By Donghoon Lee; Federal Reserve Bank of New York
Sang Yoon (Tim) Lee; University of Mannheim
Yongseok Shin; Washington University in St. Louis
   Presented by: Sang Yoon (Tim) Lee, University of Mannheim
 

Changes across Cohorts in Wage Returns to Schooling and Early Work Experiences: Distinguishing Price and Composition Effects
By Jared Ashworth; Duke University
V. Hotz; Duke University
Arnaud Maurel; Duke University
Tyler Ransom; Duke University
   Presented by: Arnaud Maurel, Duke University
 

Parental Reputation
By Chao Fu; University of Wisconsin - Madison
Juan Pantano; Washington University in St. Louis
   Presented by: Juan Pantano, Washington University in St. Louis
 

Ability Tracking, Parental Effort and Student Achievement
By Chao Fu; University of Wisconsin - Madison
Nirav Mehta; University of Western Ontario
   Presented by: Chao Fu, University of Wisconsin - Madison
 
Session 21: Financial Frictions and the Macroeconomy
January 3, 2014
 
Session Organizer: Giorgio Primiceri, Northwestern University
Session Chair: Andrea Tambalotti, Federal Reserve Bank of New York
Session type: contributed
 

Liquidity Trap and Excessive Leverage
By Alp Simsek; Massachusetts Institute of Technology
Anton Korinek; University of Maryland
   Presented by: Alp Simsek, Massachusetts Institute of Technology
 

Liquidity constraints, risk premia, and the macroeconomic effects of liquidity shocks
By Ivan Jaccard; European Central Bank
   Presented by: Ivan Jaccard, European Central Bank
 

Credit Crises, Precautionary Savings and the Liquidity Trap
By Veronica Guerrieri; University of Chicago
Guido Lorenzoni; Northwestern University
   Presented by: Guido Lorenzoni, Northwestern University
 

Household Leveraging and Deleveraging
By Alejandro Justiniano; Federal Reerve Chicago
Giorgio Primiceri; Northwestern University
Andrea Tambalotti; Federal Reserve Bank of New York
   Presented by: Andrea Tambalotti, Federal Reserve Bank of New York
 
Session 22: International Trade: Theory
January 3, 2014
 
Session Organizer: Nina Pavcnik, Dartmouth College
Session Chair: Ana Cecilia Fieler, University of Pennsylvania
Session type: contributed
 

Inattentive Importers
By Kunal Dasgupta; University of Toronto
   Presented by: Kunal Dasgupta, University of Toronto
   Discussant:   Treb Allen, Princeton University
 

Political Conflicts and Welfare Dynamics of Trade Liberalization
By Catherine Oh; KIEP
Seung-Gyu Sim; University of Tokyo
Shoya Ishimaru; University of Tokyo
   Presented by: Catherine Oh, KIEP
   Discussant:   Steven Matusz, Michigan State University
 

A Model of Trade with Ricardian Comparative Advantage and Intra-sectoral Firm Heterogeneity
By Haichao Fan; Hong Kong University of Science and Technology
Edwin Lai; Hong Kong University of Science and Tech
Han (Steffan) Qi; Hong Kong University of Science and Technology
   Presented by: Edwin Lai, Hong Kong University of Science and Tech
   Discussant:   Dan Lu, the University of Rochester
 
Session 23: Trust and Cooperation
January 3, 2014
 
Session Organizer: Lise Vesterlund, University of Pittsburgh
Session Chair: Lise Vesterlund, University of Pittsburgh
Session type: contributed
 

Principal-Agent Settings with Random Shocks
By Roman Sheremeta; Argyros School of Business and Economics
   Presented by: Roman Sheremeta, Argyros School of Business and Economics
 

Money and Trust Among Strangers
By Gabriele Camera; University of Basel
Marco Casari; University of Bologna
Maria Bigoni; University of Bologna
   Presented by: Gabriele Camera, Chapman University
 

Self--Image and Strategic Ignorance in Moral Dilemmas
By Zachary Grossman; University of California, Santa Barbara
Joel van der Weele; Goethe University
   Presented by: Zachary Grossman, University of California, Santa Barbara
 

Strong, Bold, and Kind: Self-Control and Cooperation in Social Dilemmas
By Martin Kocher; University of Munich
Peter Martinsson; University of Gothenburg
Kristian Myrseth; ESMT Berlin
Conny Wollbrant; Gothenburg University
   Presented by: Martin Kocher, University of Munich
 
Session 24: Estimation of Industrial Organization Models
January 3, 2014
 
Session Organizer: Katja Seim, University of Pennsylvania
Session Chair: Che-Lin Su, University of Chicago
Session type: invited
 

Relaxing competition through speculation: Committing to a negative supply slope
By Pär Holmberg; Research Institute of Industrial Economi
Bert Willems; Tilburg University
   Presented by: Pär Holmberg, Research Institute of Industrial Economi
   Discussant:   Ayse Pehlivan, Bilkent University
 

Estimating Dynamic Discrete-Choice Games of Incomplete Information
By Michael Egesdal; Harvard University
Zhenyu Lai; Harvard University
Che-Lin Su; University of Chicago
   Presented by: Che-Lin Su, University of Chicago
   Discussant:   Jorge Balat, Johns Hopkins University
 

Identification and Estimation of Heterogeneous Production Functions
By Jorge Balat; Johns Hopkins University
Yuya Sasaki; Johns Hopkins University
   Presented by: Jorge Balat, Johns Hopkins University
   Discussant:   Che-Lin Su, University of Chicago
 

Supply Function Competition and Exporters: Nonparametric Identi…fication and Estimation of Productivity Distributions and Marginal Costs
By Ayse Pehlivan; Bilkent University
Quang Vuong; PennState University
   Presented by: Ayse Pehlivan, Bilkent University
   Discussant:   Pär Holmberg, Research Institute of Industrial Economi
 

Primary Dealers, Indirect Bidders, and Direct Bidding: A Structural Model of US Treasury Auctions
By Eiichiro Kazumori; State University of New York
Leonard Tchuindjo; George Washington University
   Presented by: Eiichiro Kazumori, State University of New York
 
Session 25: Industrial Organization: Theory and Applications
January 3, 2014
 
Session Organizer: Katja Seim, University of Pennsylvania
Session Chair: Mariano Tappata, UBC
Session type: invited
 

Strategic responses to used-goods markets: Airbus and Boeing since 1997
JEL codes: L13, L11, D22,
By Myongjin Kim; Boston University
   Presented by: Myongjin Kim, Boston University
   Discussant:   Jafar Olimov, Ohio State University
 

Multidimensional Quality Sorting Between Online and Offline Auctions: The Role of Attribute Transparency
By Jafar Olimov; Ohio State University
Brian Roe; Ohio State University
   Presented by: Jafar Olimov, Ohio State University
   Discussant:   Mariano Tappata, UBC
 

Entry Deterrence and Strategic Alliances: Evidence from a Dynamic Structural Econometric Model
JEL codes: L13, L93, C1
By Philip Gayle; Kansas State University
Xin Xie; Kansas State University
   Presented by: Xin Xie, Kansas State University
   Discussant:   Myongjin Kim, Boston University
 

Opaque Platforms. Evidence from the Hotel Industry
By Mariano Tappata; UBC
   Presented by: Mariano Tappata, UBC
   Discussant:   Xin Xie, Kansas State University
 
Session 26: Wage Inequality
January 3, 2014
 
Session Organizer: Gianluca Violante, NYU
Session Chair: Alisdair McKay, Boston University
Session type: contributed
 

Idiosyncratic risk and the dynamics of aggregate consumption: a likelihood-based perspective
By Alisdair McKay; Boston University
   Presented by: Alisdair McKay, Boston University
 

Wage Volatility and the Option Value of Inter-industry Mobility
By Seth Neumuller
   Presented by: Seth Neumuller,
 

Comparative Advantage and Risk Premia in Labor Markets
By German Cubas; University of Houston
Pedro Silos; Federal Reserve Bank of Atlanta
   Presented by: Pedro Silos, Federal Reserve Bank of Atlanta
 

Top Incomes, Rising Inequality, and Welfare
[slides]
By Kevin Lansing; Federal Reserve Bank of San Francisco and Norges Bank
Agnieszka Markiewicz; Erasmus University Rotterdam
   Presented by: Kevin Lansing, Federal Reserve Bank of San Francisco and Norges Bank
 
Session 27: Unemployment Across Regions and Sectors
January 3, 2014
 
Session Organizer: Richard Rogerson, Princeton University
Session Chair: Marianna Kudlyak, Federal Reserve Bank of Richmond
Session type: contributed
 

Productivity Insurance: The Role of Unemployment Benefits in a Multi-Sector Model
By David Fuller; Concordia University
Marianna Kudlyak; Federal Reserve Bank of Richmond
Damba Lkhagvasuren; Concordia University
   Presented by: Marianna Kudlyak, Federal Reserve Bank of Richmond
 

Sectoral Shift, Job Mobility and Wage Inequality
By Shouyong Shi; University of Toronto
   Presented by: Shouyong Shi, University of Toronto
 

Disentangling Labor Supply and Demand Shifts Using Spatial Wage Dispersion: The Case of Oil Price Shocks
By Matthias Kehrig; University of Texas at Austin
Nicolas Ziebarth; University of Iowa
   Presented by: Nicolas Ziebarth, University of Iowa
 

Unemployment Benefits and Unemployment in the Great Recession: The Role of Macro Effects
By Marcus Hagedorn; Institute of Advanced Studies
Fatih Karahan; Federal Reserve Bank of New York
Iourii Manovskii; University of Pennsylvania
Kurt Mitman; University of Pennsylvania
   Presented by: Fatih Karahan, Federal Reserve Bank of New York
 
Session 28: Long Run Changes in Labor Market Outcomes
January 3, 2014
 
Session Organizer: Richard Rogerson, Princeton University
Session Chair: Sephorah Mangin, Monash University
Session type: contributed
 

The Role of Allocative Efficiency in a Decade of Recovery
By Kaiji Chen; Emory University
   Presented by: Kaiji Chen, Emory University
 

Factors Affecting College Completion and Student Ability in the U.S. since 1900
By Christopher Herrington; Arizona State University
Kevin Donovan; Arizona State University
   Presented by: Christopher Herrington, Arizona State University
 

EPL and capital-labor ratios
By Alexandre Janiak; University of Chile
Etienne Wasmer; Sciences-Po
   Presented by: Alexandre Janiak, University of Chile
 

A Theory of Factor Shares
By Sephorah Mangin; Monash University
   Presented by: Sephorah Mangin, Monash University
 
Session 29: Dynamics of Health Insurance Choice
January 3, 2014
 
Session Organizer: Donna Gilleskie, University of North Carolina
Session Chair: Donna Gilleskie, University of North Carolina
Session type: invited
 

Estimating Dynamic Discrete Choice Models of Product Differentiation: An Application to Medicare Part D with Switching Costs
By Daniel Miller; Clemson University
Jungwon Yeo; Singapore Management University
   Presented by: Daniel Miller, Clemson University
   Discussant:   Mark Pauly, University of Pennsylvania
 

Estimating Switching Costs for Medicare Advantage Plans
By Kathleen Nosal; University of Mannheim
   Presented by: Kathleen Nosal, University of Mannheim
   Discussant:   Gabriel Picone, University of South Florida
 

The Determinants of Rising Inequality in Health Insurance and Wages: An Equilibrium Model of Workers' Compensation and Health Care Policies
By Donna Gilleskie; University of North Carolina
   Presented by: Rong Hai, University of Chicago
   Discussant:   John Rust, Georgetown University
 
Session 30: Dynamics of Medical Treatment and Decision-making
January 3, 2014
 
Session Organizer: Donna Gilleskie, University of North Carolina
Session Chair: Donna Gilleskie, University of North Carolina
Session type: invited
 

Dynamic Sequencing of Drug Treatments for ADHD patients with Medicaid coverage.
By Anna Chorniy; Clemson University
   Presented by: Anna Chorniy, Clemson University
   Discussant:   Steve Stern, University of Virginia
 

Treatment Choice Dynamics with Insurance Mandates: The Case of IVF
By Barton Hamilton; Washington University
Brian McManus; University of North Carolina
Juan Pantano; Washington University in St. Louis
   Presented by: Brian McManus, University of North Carolina
   Discussant:   Hanming Fang, University of Pennsylvania
 

Patient's Doctor-Switching Decision via Dynamic Learning on Doctor Quality
By Minki Kim; KAIST (Korea Advanced Institute of Science and Technology)
Seung-Gyu Sim; University of Tokyo
   Presented by: Minki Kim, KAIST (Korea Advanced Institute of Science and Technology)
   Discussant:   Sokbae (Simon) Lee, Seoul National University
 
Session 31: Life-Cycle Decisionmaking with Intergenerational Interactions and Health/Life Expectations
January 3, 2014
 
Session Organizer: Donna Gilleskie, University of North Carolina
Session Chair: Donna Gilleskie, University of North Carolina
Session type: invited
 

Bequest motives in a life-cycle model with intergenerational interactions
By Loretti Dobrescu; University of New South Wales
Fedor Iskhakov; University of New South Wales
   Presented by: Loretti Dobrescu, University of New South Wales
   Discussant:   David Blau, Ohio State University
 

Social Security Benefits, Life Expectancy and Early Retirement
By Maria Casanova; UCLA
Daifeng He; College of William and Mary
Qi Li; University of Chicago
Juan Pantano; Washington University in St. Louis
   Presented by: Qi Li, University of Chicago
   Discussant:   Clement Joubert, UNC-CH
 

The Effects of Parental Health Shocks on Adult Offspring Smoking Behavior: Evidence from a Long Panel
By Michael Darden; Tulane University
   Presented by: Michael Darden, Tulane University
   Discussant:   Dan Silverman, Arizona State University
 
Session 32: Sovereign Debt Crises
January 3, 2014
 
Session Organizer: Enrique Mendoza, University of Pennsylvania
Session Chair: Harald Uhlig, University of Chicago
Session type: invited
 

Low Altruism, Austerity, and Aversion to Default: Are Countries Converging to the Natural Debt Limit?
By Henning Bohn; University of California, Santa Barbara
   Presented by: Henning Bohn, University of California, Santa Barbara
   Discussant:   Guido Lorenzoni, Northwestern University
 

Slow-motion sovereign debt crises
By Guido Lorenzoni; Northwestern University
Ivan Werning; Massachusetts Institute of Technology
   Presented by: Guido Lorenzoni, Northwestern University
   Discussant:   Henning Bohn, University of California, Santa Barbara
 

Optimal Domestic Sovereign Default
By Pablo D'Erasmo; University of Maryland
Enrique Mendoza; University of Pennsylvania
   Presented by: Enrique Mendoza, University of Pennsylvania
   Discussant:   Vincenzo Quadrini, USC
 
Session 33: Fiscal Policy, Financial Policy & Default
January 3, 2014
 
Session Organizer: Enrique Mendoza, University of Pennsylvania
Session Chair: Guido Lorenzoni, Northwestern University
Session type: invited
 

Fiscal rules and the sovereign default premium
By Juan Hatchondo; Indiana University
Leonardo Martinez; International Monetary Fund
Francisco Roch; University of Chicago
   Presented by: Leonardo Martinez, International Monetary Fund
   Discussant:   Satyajit Chatterjee, Federal Reserve Bank of Philadelphia
 

Debt Dilution and Seniority in a Model of Defaultable Sovereign Debt
By Burcu Eyigungor; Phildalephia Federal Reserve Bank
Satyajit Chatterjee; Federal Reserve Bank of Philadelphia
   Presented by: Burcu Eyigungor, Phildalephia Federal Reserve Bank
   Discussant:   Leonardo Martinez, International Monetary Fund
 

Bailout guarantees, banking crises and sovereign debt crises
By Javier Bianchi; University of Wisconsin
Sandra Lizarazo; Universidad Carlos III de Madrid
Horacio Sapriza; Board of Governors
   Presented by: Horacio Sapriza, Board of Governors
   Discussant:   Emine Boz, International Monetary Fund
 

On the Macroeconomic and Distributional Effects of Bailout Guarantees in the Mortgage Market
By Dirk Krueger; University of Pennsylvania
Kurt Mitman; University of Pennsylvania
   Presented by: Kurt Mitman, University of Pennsylvania
 
Session 34: Banks, Sovereign Risk and Currency Wars
January 3, 2014
 
Session Organizer: Enrique Mendoza, University of Pennsylvania
Session Chair: Satyajit Chatterjee, Federal Reserve Bank of Philadelphia
Session type: invited
 

Sovereign Risk and Bank Balance Sheets: The Role of Macroprudential Policies
By Emine Boz; International Monetary Fund
Pablo D'Erasmo; University of Maryland
Bora Durdu; Federal Reserve Board
   Presented by: Bora Durdu, Federal Reserve Board
   Discussant:   Vivian Yue, Federal Reserve Board of Governors
 

Sovereign Risk and Financial Risk
By Simon Gilchrist; Boston University
Vivian Yue; Federal Reserve Board of Governors
Egon Zakrajsek; Federal Reserve Board
   Presented by: Vivian Yue, Federal Reserve Board of Governors
   Discussant:   Anton Korinek, Johns Hopkins University and IMF
 

Capital Controls and Currency Wars
By Anton Korinek; University of Maryland
   Presented by: Anton Korinek, Johns Hopkins University and IMF
   Discussant:   Javier Bianchi, University of Wisconsin
 
Session 35: Bounded Rationality and Markets
January 3, 2014
 
Session Organizer: Attila Ambrus, Duke University
Session Chair: Bart Lipman, Boston University
Session type: invited
 

Commitment, Flexibility, and Optimal Screening of Time Inconsistency
By Simone Galperti; Northwestern University
   Presented by: Simone Galperti, Northwestern University
 

Competitive Framing
By Ran Spiegler; Tel Aviv University and University College London
   Presented by: Ran Spiegler, Tel Aviv University and University College London
 

Foundations for Optimal Inattention
By Andrew Ellis; Boston University
   Presented by: Andrew Ellis, Boston University
 

Optimal Savings Contracts and Withdrawal Penalties
By Attila Ambrus; Duke University
Georgy Egorov; Northwestern University
   Presented by: Attila Ambrus, Duke University
                         Georgy Egorov, Northwestern University
 
Session 36: Searching and Contracting
January 3, 2014
 
Session Organizer: Attila Ambrus, Duke University
Session Chair: Huseyin Yildirim, Duke University
Session type: contributed
 

Stable Marriages and Search Frictions
By Stephan Lauermann; University of Michigan
Georg Noldeke; University of Basel
   Presented by: Stephan Lauermann, University of Michigan
 

Repeated Contracting in Decentralised Markets
By Sambuddha Ghosh; Boston University
Seungjin Han; McMaster University
   Presented by: Seungjin Han, McMaster University
 

VALUE OF COMPETITION IN ALLOCATION AND SEARCH PROBLEMS
By Tymofiy Mylovanov; University of Pennsylvania
Andriy Zapechelnyuk; Queen Mary, University of London
   Presented by: Tymofiy Mylovanov, University of Pennsylvania
 

Trading Dynamics in the Market for Lemons
By Ayca Kaya; University of Iowa
Kyungmin Kim; University of Iowa
   Presented by: Kyungmin Kim, University of Iowa
 
Session 37: Game Theory
January 3, 2014
 
Session Organizer: Amanda Friedenberg, Arizona State University
Session type: contributed
 

Cognitive Biases in Stochastic Coordination Games and Their Evolution
By Daniel Wood; Clemson University
   Presented by: Daniel Wood, Clemson University
   Discussant:   Willemien Kets, Northwestern University
 

Analysis of Information Feedback and Selfconfirming Equilibrium
By Pierpaolo Battigalli; Bocconi University
   Presented by: Pierpaolo Battigalli, Bocconi University
   Discussant:   Yuichiro Kamada, Yale University
 

Reputation without commitment
[slides]
By Jonathan Weinstein; Northwestern University
Muhamet Yildiz; MIT
   Presented by: Jonathan Weinstein, Northwestern University
   Discussant:   Eduardo Faingold, Yale University
 

Common Knowledge of Language and Communication Success
By Andreas Blume; University of Arizona
Oliver Board
   Presented by: Andreas Blume, University of Arizona
   Discussant:   Ying Chen, Arizona State University
 
Session 38: Mechanism Design
January 3, 2014
 
Session Organizer: Amanda Friedenberg, Arizona State University
Session type: contributed
 

Optimal Reserve Prices in Anonymous Asymmetric Auctions
By Sergei Izmalkov; NES
Valery Topinsky; NRU HSE
   Presented by: Valery Topinsky, NRU HSE
   Discussant:   Mallesh Pai, University of Pennsylvania
 

On the Equivalence Between Bayesian and Dominant Strategy Implementation: The Case of Correlated Types
By Alexey Kushnir; University of Zurich
   Presented by: Alexey Kushnir, University of Zurich
   Discussant:   Vasiliki Skreta, New York University, Stern School of Bus
 

Revenue Management without Commitment: Dynamic Pricing and Periodic Fire Sales
By Fei Li; University of Pennsylvania
   Presented by: Fei Li, University of North Carolina at Chapel Hill
   Discussant:   Maher Said, Washington University in St. Louis
 

Dynamic Mechanism Design for a Global Commons
By Rodrigo Harrison; Pontificia Universidad Católica de Chile
Roger Lagunoff; Georgetown University
   Presented by: Rodrigo Harrison, Pontificia Universidad Católica de Chile
   Discussant:   Luciano de Castro, Northwestern University
 
Session 39: Risk and Ambiguity
January 3, 2014
 
Session Organizer: Lise Vesterlund, University of Pittsburgh
Session type: contributed
 

Consistency of Higher Order Risk Preferences
By Cary Deck; University of Arkansas
Harris Schlesinger; University of Alabama
   Presented by: Harris Schlesinger, University of Alabama
 

Are Individual Risk Preferences Time Inconsistent? Temporal Construal and Time-dependent Changes in Risk Preferences
By Plamen Nikolov; Harvard University
   Presented by: Plamen Nikolov, Harvard University
 

On Measuring Risk and Ambiguity Preferences
By James Andreoni; University of California San Diego
Charles Sprenger; Stanford University
   Presented by: Charles Sprenger, Stanford University
 

No Two Experiments are Identical
By Larry Epstein; Boston University
Yoram Halevy; University of British Columbia
   Presented by: Yoram Halevy, University of British Columbia
 
Session 40: Volatility and Asset Returns
January 3, 2014
 
Session Organizer: Amir Yaron, University of Pennsylvania
Session Chair: Amir Yaron, University of Pennsylvania
Session type: contributed
 

Identifying Long-Run Risks:A Bayesian Mixed-Frequency Approach
By Frank Schorfheide; University of Pennsylvania
Dongho Song; University of Pennsylvania
Amir Yaron; University of Pennsylvania
   Presented by: Amir Yaron, University of Pennsylvania
 

Stock Return and Cash Flow Predictability: The Role of Volatility Risk
By Tim Bollerslev; Department of Economics and Fuqua School
Lai Xu; Duke University
Hao Zhou; PBC School of Finance, Tsinghua University
   Presented by: Hao Zhou, Tsinghua University
 

Expected VIX Option Returns
By Zhaogang Song; Federal Reserve Board of Governors
   Presented by: Zhaogang Song, Federal Reserve Board of Governors
 

EQUILIBRIUM-BASED VOLATILITY MODELS OF THE MARKET PORTFOLIO RATE OF RETURN
By David Feldman; University of New South Wales
Xin Xu; UNSW
   Presented by: David Feldman, University of New South Wales
 
Session 41: Asset Pricing - Theory
January 3, 2014
 
Session Organizer: Amir Yaron, University of Pennsylvania
Session Chair: Jianjun Miao, Boston University
Session type: contributed
 

Robust Contracts in Continuous Time
By Jianjun Miao; Boston University
Alejandro Rivera; Boston University
   Presented by: Jianjun Miao, Boston University
 

Dynamic Equilibrium with Two Stocks, Heterogeneous Investors, and Portfolio Constraints
By Georgy Chabakauri; London School of Economics
   Presented by: Georgy Chabakauri, London School of Economics
 

A theory of rational short-termism with uncertain betas
[slides]
By Christian Gollier; University of Toulouse
   Presented by: Christian Gollier, University of Toulouse
 

Pricing Large Financial Products
By Andres Carvajal; University of Western Ontario
Marek Weretka; University of Wisconsin-Madison
   Presented by: Marek Weretka, University of Wisconsin-Madison
 
Session 42: Cross Sectional Asset Pricing
January 3, 2014
 
Session Organizer: Amir Yaron, University of Pennsylvania
Session Chair: Ilan Cooper, Norwegian Business School
Session type: contributed
 

Risk Aversion Sensitive Real Business Cycles
By Zhanhui Chen; Nanyang Technological University
Ilan Cooper; Norwegian Business School
Paul Ehling; BI, Norwegian Business School
Costas Xiouros; University of Cyprus
   Presented by: Zhanhui Chen, Nanyang Technological University
 

"Shooting" the CAPM
By Lu Zhang; The Ohio State University
   Presented by: Lu Zhang, The Ohio State University
 

Product Variety and Asset Pricing
By Florin Bidian; Georgia State University
Ajay Subramanian; Georgia State University
Baozhong Yang; Georgia State University
   Presented by: Baozhong Yang, Georgia State University
 

Pricing Sovereign CDS with Credit Ratings
By Haitao Li; University of Michigan
Tao Li; City University of Hong Kong
Xuewei Yang; Nanjing University
   Presented by: Tao Li, City University of Hong Kong
 
Session 43: The Real Effects of Financial Markets
January 3, 2014
 
Session Organizer: Itay Goldstein, University of Pennsylvania
Session Chair: Franklin Allen, University of Pennsylvania
Session type: invited
 

Market Efficiency and Real Efficiency
By Itay Goldstein; University of Pennsylvania
Liyan Yang; Joseph L. Rotman School of Management
   Presented by: Itay Goldstein, University of Pennsylvania
   Discussant:   Alexi Savov, New York University Stern School of Busi
 

Feedback Effects of Commodity Futures Prices
[slides]
By Michael Sockin; Princeton University
Wei Xiong; Department of Economics and Bendheim Cen
   Presented by: Wei Xiong, Department of Economics and Bendheim Cen
   Discussant:   Thomas Mertens, New York University
 

Learning from Peers' ’Stock Prices and Corporate Investment
[slides]
By Thierry Foucault; HEC, Paris
Laurent Fresard; University of Maryland RH Smith School o
   Presented by: Thierry Foucault, HEC, Paris
   Discussant:   Wei Jiang, Columbia Business School
 

Financial Market Shocks and the Macroeconomy
By Avanidhar Subrahmanyam; UCLA
Sheridan Titman; The University of Texas at Austin
   Presented by: Avanidhar Subrahmanyam, UCLA
   Discussant:   Gustavo Manso, Berkeley-Haas
 
Session 44: Financial Regulation and Information
January 3, 2014
 
Session Organizer: Itay Goldstein, University of Pennsylvania
Session Chair: Itay Goldstein, University of Pennsylvania
Session type: contributed
 

Subsidizing Price Discovery
By Braz Camargo; Fundação Getúlio Vargas
Kyungmin Kim; University of Iowa
Benjamin Lester; Federal Reserve Bank of Philadelphia
   Presented by: Braz Camargo, Fundação Getúlio Vargas
   Discussant:   Vincent Glode, Wharton School
 

Financial Disclosure and Market Transparency with Costly Information Processing
By Marco Di Maggio; MIT
Marco Pagano; Università di Napoli Federico II
   Presented by: Marco Di Maggio, MIT
   Discussant:   Liyan Yang, Joseph L. Rotman School of Management
 

Information Management in Banking Crises
By Joel Shapiro; Said Business School, University of Oxfo
David Skeie; Federal Reserve Bank of New York
   Presented by: Joel Shapiro, Said Business School, University of Oxfo
   Discussant:   Doron Levit, University of Pennsylvania
 

Cost-minimizing intervention in a market-based financial system
By Olivier Darmouni; Princeton University
   Presented by: Olivier Darmouni, Princeton University
   Discussant:   Saki Bigio, Columbia GSB
 
Session 45: Improving the Quality of Schools and Teachers
January 3, 2014
 
Session Organizer: ,
Session Chair: Petra Todd, University of Pennsylvania
Session type: invited
 
Session 46: Macroeconomics with Debt Markets in Turmoil
January 3, 2014
 
Session Organizer: ,
Session Chair: Enrique Mendoza, University of Pennsylvania
Session type: invited
 
Session 47: Opportunities and Pitfalls of Big Data
January 3, 2014
 
Session Organizer: Attila Ambrus, Duke University
Session Chair: Francis Diebold, University of Pennsylvania
Session type: invited
 
Session 48: Presidential Address: “The Economics and Econometrics of Human Development”, James H. Heckman
January 3, 2014 17:30 to 19:00
 
Session Organizer: ,
Session Chair: Petra Todd, University of Pennsylvania
Session type: invited
 
Session 49: Pragmatic Modeling and Robust Design under Limited Probability Sophistication
January 3, 2014
 
Session Organizer: Sylvain Chassang, Princeton Unviersity
Session Chair: Sylvain Chassang, Princeton Unviersity
Session type: invited
 

Corruption, Intimidation and Whistleblowing: A Theory of Inference from Unverifable Report
By Petra Todd; University of Pennsylvania
   Presented by: Sylvain Chassang, Princeton Unviersity
 

Robust Trade in Lemons Markets
By ,
   Presented by: Gabriel Carroll, Microsoft
 

Media Power
By Petra Todd; University of Pennsylvania
   Presented by: Andrea Prat, London School of Economics
 

Optimal and Efficient Parametric Auctions
By Pablo Azar; MIT
Constantinos Daskalakis; MIT
Silvio Micali; MIT
Matt Weinberg
   Presented by: Pablo Azar, MIT
 
Session 50: Micro and Applied Theory: New Modeling Tools and Questions
January 3, 2014
 
Session Organizer: Sylvain Chassang, Princeton Unviersity
Session Chair: Sylvain Chassang, Princeton Unviersity
Session type: contributed
 

A Foundation for Renegotiation-Proof Contracts
By Bruno Strulovici; Northwestern University
   Presented by: Bruno Strulovici, Northwestern University
 

The Limits of Price Discrimination
By Dirk Bergemann; Yale University
Ben Brooks; Princeton University
Stephen Morris; Princeton University
   Presented by: Stephen Morris, Princeton University
 

Game Theory with Sparsity-Based Bounded Rationality
By Xavier Gabaix; Stern School of Business
   Presented by: Xavier Gabaix, Stern School of Business
 

Robust Implementation under Complete Information
By Rene Saran; Yale-NUS College
   Presented by: Rene Saran, Yale-NUS College
 
Session 51: JBES session
January 3, 2014
 
Session Organizer: Barbara Rossi, ICREA, UPF, CREI and Barcelona GSE
Session type: invited

This program was last updated on 2013-07-22 10:6:8 EDT